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Category: Exchange Reviews

Review of Cryptocurrency exchanges. Learn which crypto-exchange is safe to use and have high liquidity.

  • FxPro Exchange Review (2023): An Excellent Platform For Those Who Don’t Want to Hold Actual Cryptocurrencies

    FxPro Exchange Review (2023): An Excellent Platform For Those Who Don’t Want to Hold Actual Cryptocurrencies

    FxPro is an unconventional yet reliable cryptocurrency exchange platform, as evidenced by its positive user reviews. This review will provide you with all the information you need to make an informed decision about whether FxPro is the right trading platform for you.

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    What is FxPro?

    FxPro is a leading provider of contracts for difference (CFD) and spread betting services in the U.K. Founded in 2006, the company has executed more than 445 million orders and is headquartered in London. In 2017, FxPro was voted the U.K.’s most trusted forex brand by Global Brands Magazine, making it a reliable choice for traders. With its competitive spreads, fast execution speeds, and wide range of trading instruments, FxPro is the perfect choice for those looking for a reliable and secure trading experience.

    This platform is a trusted and reliable broker operating in more than 170 countries and providing services to over 2,188,000 client accounts. It is regulated by the FCA, CySEC, FSCA, and SCB and has €100 million of tier 1 capital. FxPro offers a wide range of products and services, including forex, CFDs, and spread betting, to meet the needs of all types of traders. The company is committed to providing a secure and transparent trading environment, with competitive spreads, fast execution, and 24/5 customer support.

    Key Features of FxPro

    Here are some core features of FxPro:

    • Negative Balance Protection for a customer on a real account is a one-of-a-kind broker service. It has an automated transaction monitoring system and a risk management system, and the capital is assured not to slip into a negative balance.
    • Client money is insured at the expense of the broker’s investment in an investor compensation fund.
    • Beginners will have access to tested advisors.
    • Regardless of his account balance, the client has access to a comprehensive set of services.
    • VIP account users are given a personal manager and a free VPS.
    • The capital of the corporation approaches 100 million euros.
    • Offers swap-free accounts to customers whose religious convictions prohibit them from trading, for example. Islamic merchants
    • The solid trading environment given by the professional education and research department.

    Key Advantages of FxPro

    Let’s address this right now and look at the available good aspects of the arrangement.

    FxPro – Not an Actual Cryptocurrency Exchange

    FxPro is a stock and commodity brokerage that is slowly opening its doors to cryptocurrency assets. With the traditional stock market becoming increasingly volatile due to the COVID-19 pandemic, more and more investors are turning to crypto assets as a more stable option for investing. FxPro reviews are still mainly focused on its primary services, but the platform is becoming increasingly attractive for crypto investors. The platform offers a range of services, including trading, investing, and portfolio management, and is a great option for those looking to diversify their investments.

    FxPro, a mainstream stock trading platform, has recently started offering crypto trading options. However, users can only trade CFDs – Contracts for Difference – rather than actual crypto assets. CFDs are a way to invest and speculate on an asset’s price without actually buying the asset. This feature is great for those who aren’t interested in creating or buying a separate crypto wallet and learning the intricacies of cryptocurrency management, but would still like to try and capitalize on the market at their own leisure. FxPro offers a viable solution for those who want to make money from the volatile crypto market without having to manage their own crypto assets.

    One of the Internet’s Most Reliable and Secure Brokerage Sites

    FxPro is a veteran among traditional brokerage sites, having been in business since 2006. It is regulated by the Financial Conduct Authority and offers many different assurances to its customers in terms of security. These include account, withdrawal, asset, and trade security, as well as insurance and exemptions for leverage trading. User FxPro reviews are generally positive, and the platform has a good reputation in terms of security and reliability.

    Many More Features to Look Into

    FxPro is a popular online broker that offers a variety of features, including leverage trading and the FxPro MT4 and cTrader trading platforms. Leverage trading can be a great way to grow your portfolio if done carefully and knowledgeably. The FxPro MT4 and cTrader platforms are both optimized for the best user experience and are available on mobile devices, desktop computers, and the web. (https://musclemx.com/) Users report the best experience with the FxPro MT4 platform, which is still widely used and available. With its variety of features and user-friendly platforms, FxPro is a great choice for those looking to trade online.

    FxPro is a No Dealing Desk (NDD) brokerage, offering its users unfiltered access to the market. With a FxPro demo account, new traders and investors can learn how to use the real interface and trade the assets they’d like. The platform also provides a range of learning materials, such as a FxPro calculator, to help users understand CFDs and the process of trading. In addition, FxPro offers a wide range of financial asset CFDs, including metals, energies, futures, forex, and crypto, allowing users to broaden their portfolios.

    Commission Fees Are Low

    This crypto exchange is a reliable and straightforward online brokerage that offers CFD trading with no blockchain fees. It charges a simple $45 commission from every $1,000,000 worth of CFDs traded, and there are no deposit or withdrawal fees either. The platform is easy to use and provides a range of features such as advanced charting, automated trading, and more. It also offers a variety of trading instruments, including forex, indices, commodities, and cryptocurrencies. FxPro is a great choice for traders looking for a reliable and cost-effective online brokerage.

    Key Disadvantages of FxPro

    As said earlier in the review, the method you can trade cryptocurrencies on this platform is highly contentious – as you can probably assume, there’s a lot of hostility directed at it as well.

    You Do Not Receive Any Cryptocurrencies

    FxPro is a popular online trading platform that allows users to trade crypto CFDs multiple times. However, it does not offer the chance to trade actual cryptocurrencies, meaning users do not receive any coins in their accounts. This means that users cannot transfer coins out of the brokerage and into their wallet, and they are not responsible for their own crypto assets. As a result, crypto enthusiasts who are in it for the long term may not find FxPro to be a viable option.

    It May Be Too Complicated For Inexperienced Traders

    It offers a wide range of learning materials for traders of all levels, but it can be confusing and difficult to use for those who are new to the scene. Despite this, FxPro is a great choice for those who don’t want to hold their own crypto coins, as it replaces modern crypto exchanges. It offers a world of opportunities for traders, with its wide range of markets, competitive spreads, and advanced trading tools. FxPro also provides a range of account types, including a demo account, to suit the needs of all traders.

    How to Register on FxPro?

    We’ll take it one step at a time so you can follow along with ease.

    • Step 1: Navigate to the FxPro website and click the Register button in the upper-right corner of the screen.
    • Step 2: You will be taken to a form where you will be asked for your name, email address, and password.
    • Step 3: You will now be prompted to give some personal information about yourself. This is quite normal KYC for brokerages of this type. Expect to be asked for your phone number, residential address, employment status, annual income, and CFD trading expectations, among other things.
    • Step 4: Once you’ve entered all of the essential information and agreed to all of the terms and conditions, you’re in!

    Registering an account with a high-end cryptocurrency exchange can be a tedious process. However, registering with a reliable exchange like PrimeXBT is not something that should put you off. After submitting identity-verifying documents and adding funds to your digital wallet, you can access the main dashboard of your account. Here, you can check your wallet, account settings, and trading accounts, and access the knowledge base. The trading screens may be confusing at first, but you can easily find crypto CFDs. PrimeXBT is a reliable exchange that offers a secure and straightforward registration process, allowing you to access a wide range of features and services.

    The platform is known for its user-friendly interface and fast ID verification process. According to user FxPro reviews, the verification process should take no more than a few minutes, allowing users to start trading quickly. FxPro also offers a range of educational resources, such as webinars, tutorials, and market analysis, to help traders make informed decisions. With its competitive spreads, low commissions, and fast execution speeds, FxPro is a great choice for both beginner and experienced traders.

    Conclusion

    FxPro is a CFD trading platform that offers a wide range of assets, including cryptocurrencies. However, it is important to note that FxPro does not allow users to trade actual cryptocurrencies, only CFDs. This means that users cannot own the underlying asset, but rather speculate on the price movements of the asset. FxPro also offers a demo account, allowing users to practice trading without risking real money. Despite its features, FxPro is not the best option for those looking to trade actual cryptocurrencies, as it does not offer this service. However, it is a great option for those looking to trade CFDs and practice their trading skills with a demo account.

    It is a secure and regulated online brokerage that allows users to make money from the crypto market. It is available in the US, EU, and other versions, and is compliant with all official regulations. However, if you’re looking for a legitimate cryptocurrency exchange to purchase and trade coins, you’ll have to look elsewhere. Popular exchanges include Coinbase and Binance, both of which offer a wide range of coins and features.

    Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.

  • SwissBorg ($CHSB): What is it?

    SwissBorg ($CHSB): What is it?

    SwissBorg provides users with tools (Wealth App, Smart Yield, $CHSB token, etc.) and the infrastructure (wider support from community, regulatory clarity etc.) to manage their cryptocurrency investments with negligible effort. Swissborg’s aim for doing this is to help users navigate the relatively new field of cryptocurrency which at times can have complex concepts and rather scattered infrastructure with little standardisation. In this article, we will take a deep look at SwissBorg: its merits, the problems it attempts to solve, and everything in between.

    Sign up for SwissBorg with our exclusive link to get free CHSB!

    Table of Contents

    Background

    Launched in December 2017 after having raised over USD $52 million, SwissBorg was founded by Anthony Lesoismer and Cyrus Fazel. Based in Switzerland and fully compliant with Swiss Law, the project has a multicultural team that comprises members from 200 countries consisting of highly experienced professionals having experience in major banks and investment management firms.

    What Is SwissBorg?

    SwissBorg is the first blockchain-based secure wealth management platform, aimed at simplifying the process of crypto investments, integrating with major digital asset exchanges and featuring community-based ownership. They also have a mobile version called “Wealth App” which is available for both iOS and Android platforms (see below).

    The top achievements of the project, so far, have included its successful fund-raising of USD $53 million, large community, blockchain referendums, gamified Bitcoin prediction app, and a high-performing native token.

    Supported countries

    SwissBorg is available in over 100 countries (however it is currently not supported in the US) with many more to come. Although for some countries, the full range of features offered by SwissBorg may not be available. See here for a full list of supported countries.

    Supported assets

    SwissBorg supports over 30 cryptocurrencies including BTC, ETH, CHSB, USDC, PAXG, ENJ, BNB, LTC, XRP and BCH. They also have ongoing votes on which other cryptocurrencies should also be listed.

    SwissBorg also supports 16 fiat currencies including EUR, USD, GBP, CAD, HKD, and SGD. Check here for a full list of SwissBorg’s supported assets.

    Swissborg supported fiat currenciesSwissBorg Network Token ($CHSB)

    The platform’s multi-utility token is SwissBorg ($CHSB), which is an Ethereum-based and ERC-20 compliant token. It has a circulating supply of 715 million out of a total of 1 billion.

    The rest of the held supply is reserved for the development and promotion of the project. The CHSB token is traded on major exchanges like KuCoin, Uniswap (v2), Yobit, HitBTC, IDEX etc. and has multiple use cases.

    Use Cases

    CHSB token powers the entire SwissBorg ecosystem. It is used for staking for platform’s fee discount and grants voting rights on the platform.

    Furthermore, it is also used for reward distribution through the “Proof of Meritocracy” concept as well as the team’s “Protect and Burn” policy. The purpose of the policy is to increase scarcity and enhance the value of existing tokens through burning the supply from generated revenue.

    Proof of Meritocracy

    SwissBorg token holders can participate in choosing the progress and development of the network through the Proof of Meritocracy policy. The CHSB token generates an RSB token, which is a referendum token for users to vote on referendum proposals. Users holding more CHSB will have more voting power. Users will also be rewarded for participating in these referendums in addition to being able to dictate the direction of SwissBorg’s development.

    Proof of meritocracy
    Proof of meritocracy

    Protect and Burn

    The Protect and Burn policy rewards long-term CHSB holders by ordering buyback and burn only when CHSB prices are going down. This is because the traditional buyback mechanisms whereby buybacks are announced in advance, short term speculators could buy the token before the buyback and sell it for a higher price shortly after the buyback when the token supply is lowered. According to SwissBorg, this traditional mechanism does not protect the token and in particular long term token holders, and is contrary to their mission to promote innovation that rewards their loyal community members.

    Every month, SwissBorg will also add 20% of their profits generated from the fees on the Wealth App to a reserve so as to protect the price of the CHSB token. If the price of CHSB arrives as a bearish-zone (using the 20-day moving average as their indicator), SwissBorg will automatically place buy orders for CHSB.

    SwissBorg DAO

    The SwissBorg DAO (Decentralized Autonomous Organization) is the supporting body assisting with the governance of the SwissBorg ecosystem. A DAO is a development in the cryptocurrency and DLT space, which permits a democratic mechanism to run or manage a project on-chain.

    The SwissBorg DAO acts as a unifying bridge between the team and community members, allowing the latter to play an active role in determining the direction of the project and be rewarded for their efforts in CHSB tokens.

    The team has defined different roles for community members to participate as. Here are some of these roles:

    Digital Artist

    A digital artist (more understandably a content creator) is a community member, tasked by the team, to develop arts, pictures, texts, presentations and videos etc. about the SwissBorg project.

    Translator

    A translator is an important member of the community, responsible for translating important documents or articles, related to the SwissBorg project. SwissBorg DAO leverages the power of incentivized multi-cultural participants to get one of the most difficult yet important jobs done. (mva.la)

    Promoter

    A promoter is responsible for spreading the word about the project on various social media platforms. They play an important role in increasing adoption and usage by promoting the project. Thus, also directly enhancing the value of the token.

    Moderator

    A moderator (better understood as an admin on forums and telegram groups) is responsible for regulating the communication on the SwissBorg’s project channels. The various duties include promoting a healthy discussion, removing inappropriate content, modulating the flow of discussion and enforcing group rules.

    Campaigner

    A campaigner (a real-world promoter) is responsible for networking with different people and organizing events, to better promote the project. They may hold group meetings, AMA’s, city meets, etc., to promote development and cohesion of the SwissBorg community.

    Business Introducer

    A business introducer (commonly understood as an ambassador) is a SwissBorg community member, who strives to arrange in-person meetings of the SwissBorg team with prominent influencers, investors, business partners etc.

    Cyber Virtuoso

    A cyber virtuoso (known as a developer) is responsible for developing tools, scripts, softwares etc. to help develop the SwissBorg ecosystem. They may also be tasked with creating step-by-step tutorials and supporting documents for the project.

    SwissBorg Wealth App

    The Wealth App is the principal and smart command-and-control centre of SwissBorg. It allows users to build, monitor, and manage their crypto portfolios, permitting easy and secure wealth management.

    The dashboard is simple but powerful and intuitive, taking the guesswork out of cryptocurrency investing.

    The users can fund their accounts with USD, EUR, GBP, and CHZ. The withdrawals can be made to the local bank of the user’s choosing. Furthermore, a limited number of crypto-assets are supported, in a similar manner to Coinbase, ensuring quality.

    However, new assets are regularly added, if they fit the inclusion criteria. The app is available on both IOS and Android operating systems.

    The smart engine offers users the opportunity to buy crypto-assets at the best rates and lowest slippage, from multiple exchanges. Furthermore, it is AI-powered, offering valuable insights about the investments (history, performance, deposits, withdrawals, etc.), which assists the user in making informed decisions.

    All of these features allow people to employ sophisticated techniques for portfolio management with relative ease.

    SwissBorg Smart Yield

    SwissBorg’s Smart Yield is a feature on its app which allows users to potentially earn passive income through Decentralized Finance (DeFi) and Centralized Finance (CeFi) platforms without much pre-requisite knowledge. The Smart Yield feature works with top platforms such as Compound, Curve Finance, Binance, Aave, and Uniswap.

    SwissBorg’s CHSB Yield 2.0

    SwissBorg’s latest CHSB Yield 2.0 program aims to be a community-centered and sustainable approach to promote the growth of the SwissBorg ecosystem. It has various yield tiers which according to the Team will provide attractive returns for CHSB token holders. Holding more CHSB in the yield program affects your returns. Currently, the lowest tier of holding 0-2k CHSB in their Standard Account generates a maximum of 12.58% yield. Those with the Genesis Premium account type can earn up to 25.17% yield.

    The difference between SwissBorg’s CHSB Yield 2.0 and their Smart Yield program is that Yield 2.0 is paid out of SwissBorg’s own treasury- i.e. an internal transfer. This means that there is no risk of DeFi hacks or impermanent loss (Learn what is Impermenant Loss in our video here). Also, with the reward structure of Yield 2.0, smaller holders benefit from accelerated growth whilst at the same time, larger CHSB token holders are rewarded in the long term.

    Conclusion

    SwissBorg ran one of the most successful fundraises back in 2017 and has delivered a powerful product. SwissBorg solves the major problem of managing wealth and making cryptocurrency investments accessible to everyone.

    The Wealth App offers a one-stop solution for crypto investments, combining deposit, buying, trading, management and withdrawal facilities, all under a clean and minimal interface.

    Moreover, SwissBorg is fully compliant with all relevant regulatory frameworks, which ensures that users can invest and take part in the digital assets field while being certain about the legality.

    The community-based democratic outlook of the team ensures that all members can take part in the evolving ecosystem. The product is currently available in more than 60 countries and with more to come, making it truly global.

    Sign up for SwissBorg with our exclusive link to get FREE CHSB!

    January 1, 2023
  • Huobi Exchange Review (2023): Low Fees, User-Friendly and Top-Notch Security

    Huobi Exchange Review (2023): Low Fees, User-Friendly and Top-Notch Security

    Huobi, one of the oldest and most reliable cryptocurrency exchanges on the market, offers a wide range of features and benefits for crypto enthusiasts to explore and take advantage of. We’ll look at Huobi’s key attributes as well as the kinds of advantages you may anticipate if you decide to make it your primary cryptocurrency trading platform. We’ll talk about the exchange’s security, supported coins, and a lot more topics.

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    What is Huobi?

    Huobi, a leading digital asset exchange, was founded in 2013 by Leon Li, a former Oracle engineer. Huobi quickly gained momentum in the emerging Bitcoin market in China, and harnessed investments from leading investors, including the Sequoia Capital group. In just three months after its live launch, Huobi made over $4 billion in turnover, and by 2014, the exchange had quadrupled its turnover. Huobi has since become a leader in the Asian crypto market, providing a secure and reliable platform for digital asset trading. With its innovative technology and experienced team, Huobi is committed to providing users with a safe and convenient trading experience.

    Huobi, reported a turnover of $247 billion in 2016, which is almost half of the world’s cryptocurrency exchange market share. After the Chinese authorities dropped the banhammer on the cryptocurrency exchanges operating in China, Huobi decided to relocate to Singapore and globalize its operations. It began exploring markets in Japan, Russia, Korea, and other countries. Huobi has since become a leading crypto exchange in the global market, offering a wide range of services and features to its users. With its innovative approach and commitment to providing a secure and reliable trading platform, Huobi has become a trusted name in the crypto industry.

    Key Features of Huobi

    Simple User Interface: Huobi’s professional interface and functionalities make navigating their website a breeze, providing users with access to price feeds, charting tools, and market depth data.

    Various Order Types: Offering a variety of order types including Limit, Market, and Stop Limit orders, as well as margin trading with 5x leverage and a 0.1% fee for 24 hours on Bitcoin (BTC) and Litecoin (LTC).

    Flash Trade: Huobi’s Flash Trade feature allows users to experience real-time trading with an order book, chart index, and market chart, making it an exciting way to trade during times of high volatility.

    Compatible with various platforms: The Huobi platform is compatible with multiple platforms like Mac, Windows, iOS, and Android.

    Security: Huobi, incorporated in Singapore with advanced crypto regulations, provides robust security measures such as 2-factor authentication to protect users’ accounts.

    Swift Customer Service: Huobi offers fast and reliable customer service, with its customer support team providing prompt responses to any trading issues within the hour.

    Key Advantages of Huobi

    We will start off by talking about the actual advantages that users will experience when using the exchange. The finest features of this platform are mentioned in a number of user Huobi exchange reviews that have been published online; among them, the prominence of the supported cryptocurrency coins stands out.

    Supports 300+ Cryptocurrencies

    Huobi is a cryptocurrency exchange that offers its users the ability to trade and exchange over 300 different cryptocurrencies. This includes both the most popular coins such as Bitcoin, Ethereum, and Litecoin, as well as some of the less-known crypto assets. Huobi’s wide selection of coins gives users the ability to purchase and invest in multiple different assets on the same platform, allowing them to diversify their portfolios and explore new opportunities. Huobi also offers a variety of features such as margin trading, spot trading, and futures trading, making it a great choice for both experienced and novice traders.

    Very Low Fees

    Huobi is a leading cryptocurrency exchange that offers its users some of the best fees on the market. Whether you’re starting out with crypto or looking to trade higher amounts, Huobi is a great choice for those looking for competitive fees. Multiple Huobi exchange reviews left online confirm that the platform offers great prices for its users. Huobi is a reliable and secure platform that is trusted by millions of users around the world. With its competitive fees and secure platform, Huobi is a great choice for those looking to trade cryptocurrencies.

    Crypto trading involves two terms – “maker” and “taker”. A ‘maker’ is someone who performs the payments, while a ‘taker’ is a person who receives it. Huobi exchange reviews show that the fees for both makers and takers are usually below 0.2%, which is significantly lower than most other exchanges. Additionally, Huobi Pro reviews show that users who hold Huobi tokens can get even lower fees. This makes Huobi a great option for those looking to trade crypto without having to pay high fees.

    Top-Notch Security Features

    Huobi is a reliable and secure cryptocurrency exchange, offering users a safe and secure trading experience. The exchange keeps up to 98% of its users’ crypto assets in cold wallet devices, which are offline hardware devices used to store cryptocurrencies and tokens. This ensures that a potential hacker won’t be able to access your funds, as it’s impossible to breach the security of a cold wallet without stealing the physical device. Additionally, Huobi’s User Protection Fund ensures that, if anything were to happen to your crypto assets, and their security was compromised, you’d be compensated for your losses. All in all, Huobi is a safe and secure crypto trading option.

    24/7 Customer Support

    Huobi is a cryptocurrency exchange that offers reliable and live customer support 24/7. This is a great feature that sets it apart from other exchanges, as many of them only offer email support. With Huobi, you can be sure that you’ll be able to get help with any issue you might be facing at any time of the day. The customer support team is knowledgeable and experienced, and can provide assistance with any issue you might have. This makes Huobi a great choice for anyone looking for a reliable and secure cryptocurrency exchange.

    Credit / Debit Cards – Accepted!

    Huobi accepts both credit and debit card payments, allowing users to quickly and conveniently fund their accounts. Huobi also offers promotions and discounts to help users save money on their trades. With its user-friendly interface and secure platform, Huobi is a great choice for both experienced and novice traders.

    Key Disadvantages of Huobi

    From the Huobi Pro reviews, it is clear that the majority of the more unfavorable comments Huobi receives are more about the functionality the platform lacks than the things it does offer.

    Trading Exclusively in Cryptocurrencies (No Other Assets)

    Huobi is a cryptocurrency exchange that allows users to trade a variety of digital assets. While this can be seen as a pro for hardcore crypto fans, some user Huobi exchange reviews point out that it only allows users to trade cryptocurrencies and not other assets. This could be a con for those who would like to use Huobi as their standalone exchange. Ultimately, it all depends on the user’s financial portfolio-building preferences.

    An Unregulated Exchange

    Huobi falls under the laws of the Republic of Seychelles. What this means is that the company behind the exchange is not regulated by any major financial institution. This could be seen as both a pro and a con, depending on your stance regarding crypto regulations. For those who want to honor the philosophy behind crypto, the unregulated nature of the exchange might not be too big of a deal. However, if you are looking for a regulated and secure exchange platform, Binance and KuCoin are some of the best alternatives.

    How to Use the Huobi Cryptocurrency Exchange?

    Users can exchange their preferred crypto coins in Huobi by following these steps:-

    • Visit the homepage of Huobi exchange and click on the “Trade” button.
    • Click on the “Exchange” tab and choose the digital currency and the preferred amount that they want to exchange.
    • Confirm the amount and the USDT worth of crypto coins that they wish to exchange with bitcoin or any other crypto coins.
    • Click on the “Confirm” tab to complete the transaction.

    How to Register on Huobi?

    The registration process involves the following steps:

    Step 1: Go to Huobi’s official website.

    Step 2: Press Sign Up. You’ll be redirected to a new window, where you’ll have to fill out some relevant information. 

    Step 3: Now, you’ll have to verify your account by entering the code that was sent to your email.

    Step 4: Once you’ve done that, you’ll be redirected to the main page of the exchange. That’s it!

    The signup process was quite simple, as you can probably see by now. It only takes a minute and is incredibly simple, according to the majority of user Huobi exchange reviews!

    How to Deposit Funds into Your Huobi Account?

    Let’s look at Huobi’s credit or debit card payment options as the last point in our evaluation of Huobi’s exchange.

    Step 1: Navigate to the Buy Crypto button on the top-left of your main exchange page.

    Step 2: Here, you’ll have to choose a credit card payment option, and enter the amount of money that you’d like to spend on Bitcoin. 

    Step 3:If you still haven’t finished your verification, you will now be prompted to do so. You must give Huobi your address and a photo of identification during the brief verification process.

    Step 4: The necessary amount of cryptocurrency will be funded into your Huobi wallet once your transaction has been completed and you have successfully passed verification. All done!

    Huobi Exchange makes crypto purchasing fast and simple, as evidenced by the countless positive user reviews.

    Conclusion

    Huobi is a top-tier cryptocurrency exchange platform that offers users a secure and easy-to-use platform. With over 300 different crypto assets available and the ability to purchase cryptocurrencies with a credit or debit card, Huobi is a great choice for those looking to get into the crypto market. The majority of funds are kept in cold storage devices, providing users with an extra layer of security. User reviews of Huobi are overwhelmingly positive, making it a great choice for those looking to get into the crypto market. If you’re looking for even better alternatives, take a look at our list of the top-rated crypto exchange platforms, such as Binance and KuCoin.

    Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. (Alprazolam) As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.

  • HitBTC Exchange Review (2023): Low Trading Fees and Wide Variety of Digital Assets

    HitBTC Exchange Review (2023): Low Trading Fees and Wide Variety of Digital Assets

    HitBTC is a leading cryptocurrency exchange platform that allows users to buy and sell Bitcoin, Ethereum, Litecoin, EOS, and more. This review of HitBTC will provide you with information regarding the platform’s security, advantages and disadvantages, supported cryptocurrencies, fees, and payment methods.

    Sign up here to get started

    What is HitBTC?

    HitBTC is a European bitcoin exchange platform founded in 2013 with a 6 million USD Venture Capital investment. Ullus Corporations is the company behind HitBTC, which offers traders the opportunity to trade the most popular cryptocurrencies and widespread fiat currencies, such as USD and EUR. The main goal of the company is to introduce crypto traders to the most advanced technologies.

    HitBTC provides a secure and reliable platform for trading digital assets, with a wide range of features and tools, including advanced order types, margin trading, and a variety of order books. The platform also offers a wide range of payment options, including bank transfers, credit cards, and cryptocurrencies. With its user-friendly interface and advanced security measures, HitBTC is a great choice for both experienced and novice traders.

    Key Features of HitBTC

    The following are the main features of the HitBTC exchange:

    • Over 380 cryptocurrencies are available for purchase and sale in over 800 coin pairs. HitBTC has one of the most diverse cryptocurrency trading platforms and was one of the first exchanges to accept new projects.
    • Exchange of cryptocurrencies. Purchase Bitcoin or another cryptocurrency and begin trading immediately without verification. However, you may be required to prove your identity afterward.
    • Safe exchange. HitBTC is one of the few exchanges that has never been hacked.
    • Low trading costs. Starter and General accounts are charged a 0.1% creator fee and a 0.2% taker cost, whereas upgraded accounts are free.
    • API that is both robust and robot-friendly. Users of HitBTC can utilize trading bots, which operate well with the platform’s strong API.
    • Demo account. HitBTC provides a demo account for new Bitcoin traders. Everyone can use its site without placing a deposit.

    Key Advantages of HitBTC

    Although HitBTC offers numerous features and functionalities, this review will solely concentrate on its essential cryptocurrency aspects, aiding you in determining if this exchange aligns with your requirements. With that established, let’s commence the review by examining the positive aspects and assessing the legitimacy of HitBTC.

    800+ Trading Pairs 

    HitBTC is a popular crypto exchange platform that supports a wide range of cryptocurrencies. With over 380 cryptocurrencies and 800 crypto pairs, users have access to a huge selection of coins. HitBTC reviews confirm that the platform is secure and reliable, making it a great choice for those looking to trade in cryptocurrencies. Fees are also competitive, making it an attractive option for those looking to maximize their profits. With its wide selection of coins and competitive fees, HitBTC is a great choice for those looking to trade in cryptocurrencies.

    HitBTC supports a range of cryptocurrencies, including but not limited to:

    • BTC
    • ETH
    • XRP
    • USDT
    • BCH
    • LTC
    • ADA
    • Approximately 380 others

    In addition, the exchange offers an extensive list of trading pairs, including but not limited to:

    • BCH/BTC
    • BCH/USDT
    • BTC/USDT
    • ETH/BTC
    • LTC/BTC
    • Approximately 800 others

    This vast selection of trading options makes HitBTC a comprehensive platform that allows for trading even lesser-known altcoins.

    Secure Platform

    HitBTC is one of the few crypto exchange platforms that has never been hacked due to its multiple security measures. These include the termination of all sessions, email notifications about new IP logins, automatic logouts, whitelisting withdrawal addresses, and two-factor authentication. To ensure maximum security, users should create a strong password and use dedicated email accounts for trading, as well as keep their coins in secure cryptocurrency wallets such as Ledger and Trezor. HitBTC provides robust security and is recommended for those who want to keep their funds safe.

    Low Transaction Fees

    This platform offers some of the lowest trading fees in the market. Regular users pay a fixed amount – 0.1% maker fee and 0.2% taker fee. However, the more you trade, the lower your fees will be. Starting from Tier 9, you will be paid 0.01% back of the trade that you make. The system will calculate your trading volume for the last 30 days and determine the fee rate for your account every day, encouraging you to trade even more. With its low fees and secure platform, HitBTC is a great choice for cryptocurrency traders.

    Demo Account

    This is a great platform for trading, especially for beginners. It offers a Demo account, which allows users to have a real-time experience in trading without risking any real investments. The Demo account is completely free and can be used for educational and training purposes. It is a perfect place to apply different strategies and figure out how the trading works. With the Demo account, users can credit themselves with a test fund and have a real trading experience without risking anything. Therefore, if you want to have a real trading experience without risking anything, HitBTC is the perfect platform for you.

    Mobile App

    HitBTC, a cryptocurrency exchange, is now making it easier for traders to access their accounts on the go. The exchange has recently announced the development of a mobile app for iOS and Android devices, available for download on both the Google Play Store and Apple’s App Store. This app will provide traders with a secure and convenient way to access their accounts, allowing them to trade, deposit, and withdraw funds, as well as monitor their portfolio performance. With the app, traders can stay up to date with the latest market developments and take advantage of trading opportunities as they arise. HitBTC’s mobile app is sure to be a hit with traders, providing them with a secure and convenient way to access their accounts on the go.

    Key Disadvantages of HitBTC

    Having discussed the positive aspects of HitBTC, it’s time to take a look at its shortcomings – but if you’re looking for a better alternative, Coinbase or Binance may be worth considering.

    Customer Service Isn’t the Best

    HitBTC is a crypto exchange that claims to provide 24/7 customer support, however, multiple reviews have pointed out that the customer service is poor. This has been a source of disappointment for many users who have experienced issues with creating an account, verifying identity, and trading crypto. It is important to take this into consideration when deciding whether HitBTC is the right exchange for you.

    The Verification Process Takes Time

    HitBTC is a secure crypto exchange platform that requires users to go through a long verification process. This includes providing personal information, residential address, proof of identity, selfie, and phone number. While this process is quite regular for all crypto exchange platforms that take security seriously, it might take a while to provide all the needed information. This step-by-step guide will help users to register and create their accounts on HitBTC quickly and securely. All users should be aware that the verification process is necessary to ensure the safety of their funds and data.

    How to Register on HitBTC?

    Creating an account on HitBTC is a straightforward process. Follow these simple steps:

    • Step 1. Head to the HitBTC homepage and click on the “Sign Up” button located at the top right corner of the page.
    • Step 2. Input a valid email address and generate a secure password.
    • Step 3. Supply additional details, including your full name, phone number, and country of residence.
    • Step 4. Click on “Finish Registration.”
    • Step 5. Check your email address and click on the confirmation link.

    Upon completing these five simple steps, your HitBTC account will be created, and you will be ready to start trading.

    How to Deposit Funds into Your Account?

    Once you have created your HitBTC account, the next step is to deposit funds so that you can begin trading. Here’s a simple guide to help you with that:

    • Step 1. Navigate to your account page and click on the green “Deposit” button.
    • HitBTC Review: Depositing Funds.
    • Step 2. Use the search field located at the top of the page to find the cryptocurrency you wish to deposit and click on the “Deposit” column. This will generate a wallet address for you.
    • HitBTC Review: Depositing Funds.
    • Step 3. To initiate a transaction, copy and paste your wallet address into a third-party service.
    • Step 4. For certain cryptocurrencies, you may also need to copy and paste your payment ID, also known as a “Destination Tag.”

    If you have completed all of these steps, you have successfully deposited funds into your HitBTC account and are now ready to start trading.

    Conclusion

    HitBTC is a reliable and highly-recommended crypto exchange platform that offers robust security measures and supports more than 380 cryptocurrencies and over 800 crypto pairs. It also has low trading fees and a Demo version that allows users to try the platform out without investing anything. However, some users don’t like the long verification process and customer support is not the most helpful. If you’re looking for a better and more-established crypto exchange, Coinbase or Binance are great alternatives.

    Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.

  • OKX Exchange Review (2023): Strong Security, Cheap, and Good Functionality

    OKX Exchange Review (2023): Strong Security, Cheap, and Good Functionality

    OKX is a leading cryptocurrency exchange offering a comprehensive one-stop marketplace for spot trading, derivatives, and other crypto-related services. Offering a wide range of services, from margin trading and mining pools to decentralized options and cloud services, making it an ideal platform for both novice and experienced traders.

    Sign up here to get started

    What is OKX?

    OKX is a popular crypto brokerage and trading platform that provides users with a secure and easy-to-use platform to acquire and trade cryptocurrencies. It supports multiple cryptocurrencies and provides low trading fees, making it a great choice for those looking to invest and make a profit. This OKX exchange review will answer all of your questions about the company and the platform itself, helping you to decide whether or not it’s suitable for you. It is important to pay attention to all the pros and cons to make the right choice, as the number of people investing and trading in cryptocurrencies has been significantly increasing over the last few years.

    Founded in 2017, the platform has grown to become a major player in the crypto space, offering a wide range of services. According to a recent report, OKX has over 20 million registered users and a daily trading volume of over $2 billion. The company has recently rebranded to OKX, but many people still refer to it as OKEx. If you’re looking for alternative exchanges, Binance and Coinbase are considered to be leaders in the space.

    Key Features of OKX

    Option for a decentralized exchange: In addition to standard DEX trading, OKX’s decentralized platform also provides swap trading, liquidity pools, farm pools, a decentralized wallet, and other features for individuals who like to exchange in a decentralized way.

    Enhanced security measures: Security is prioritized by OKX, as evidenced by the requirement for two-factor authentication, smartphone verification, Google Authenticator options, and anti-phishing code.

    Margin trading: There are many tools available for customers to use in order to trade, including margin trading with up to 125x leverage, perpetual trading, futures trading, and options trading.

    Finance options: There are several financial alternatives accessible, some of the broadest in the market, including Earn, which enables you to make passive income on your cryptocurrency holdings, Loan, Jumpstart token staking function, mining pool, OKX bridge feature, OKB utility token, OKX Cloud, and OKX Blockdream Ventures.

    Fiat-to-crypto on-ramp: You can change your fiat currency into cryptocurrency with OKX, which supports 400+ trading pairs and accepts Apple Pay, Visa, Mastercard, bank transfers, Alipay, WeChat Pay, etc. Also, they support more than 30 cryptocurrencies, including the Canadian dollar (CAD), the Chinese yuan (CNY), the euro (EUR), the Japanese yuan (JPY), the Hong Kong dollar (HKD), the Chilean peso (CLP), and many others.

    Key Advantages of OKX

    In order to understand why so many individuals selected OKX over other platforms, I’d like to start my evaluation with its advantages. Maybe OKX is just what you’re looking for, who knows?

    650+ Trading Pairs, 340+ Cryptocurrencies

    OKX is a popular cryptocurrency exchange platform that supports more than 340 cryptocurrencies and offers over 650 trading pairs. It supports multiple fiat currencies, including EUR, USD, GBP, CAD, JPY, and AUD. You can also choose from multiple payment options, including credit/debit card, bank transfer, PayPal, Payeer, Skrill, GooglePay, and ApplePay. With its wide range of options, OKEx is a great choice for those looking to buy, sell, and trade cryptocurrencies.

    Good Functionality

    It has more than 650 pairs to choose from, including Bitcoin, Ethereum, and Tether. With up to 100x leverage, users can multiply their funds and get more profit. However, it is important to note that options trading and borrowing crypto can be risky and should only be done by experienced traders. OKX is a great platform for those looking for a comprehensive cryptocurrency trading experience.

    When it comes to buying, selling, and trading cryptocurrencies, OKX is not like other exchanges. It also enables:

    • Lending and borrowing crypto
    • Trading on margin
    • Spot trading
    • Options trading

    You probably already know that there aren’t many systems that can give you this capability if this isn’t your first time reading an OKX exchange review.

    Tight Security

    OKX is a secure crypto exchange that provides robust security features. When registering, OKX will recommend you to use multi-factor authentication – 2FA or MFA – for extra security. You can also set an anti-phishing code that will be sent together with all emails from OKX. Furthermore, OKX has its own cold wallet that will keep your private keys offline, providing an extra layer of security for your assets. With these features, OKX ensures that your cryptocurrencies are safe and secure.

    Comes with Mobile App

    The OKX mobile app is a great way to trade on the go. It is compatible with iOS, Android, macOS, and Windows, and can be easily downloaded from Google Play and App Store. With over 264,000 reviews and an average score of 4.5, customers are highly satisfied with the app’s user-friendly design, clear layout, and glitch-free performance. Download the OKX app to manage your account from the palm of your hand and enjoy the ultimate trading experience.

    Friendly Customer Service

    OKX is a crypto exchange platform that provides 24/7 customer support. According to user reviews, OKX customer service is helpful and responds quickly. My personal experience was the same – OKX support provided the information that I was looking for. Therefore, it’s fair to state that OKX has really good customer support, which is not as common as you might think.

    Low Fees

    OKX is a popular cryptocurrency exchange that offers competitive trading fees for both regular and advanced users. For regular users, the maker fee is 0.08% and the taker fee is 0.1%. For advanced traders, the maker fee is 0.06% and the taker fee is 0.08%. VIP members get even lower trading fees. All of the relevant information can be found on the dedicated trading fee page on OKX. This makes OKX an attractive option for crypto-enthusiasts and day traders who are looking for competitive fees.

    Key Disadvantages of OKX

    Despite its attractive features, OKX also has some drawbacks that can affect your trading experience.

    Not Especially Beginner Friendly

    OKX is a great platform for experienced traders, offering a wide range of features such as margin trading, spot trading, options trading, and crypto lending and borrowing. However, these features can be too advanced and risky for newbie traders. To help new users get familiar with the platform, OKX Academy provides tutorials, trading ideas, industry analysis, and a blockchain glossary. With thorough research and practice, newbies can easily get the hang of OKX and start trading with confidence.

    How Can I Start Trading on OKX?

    OKX is a leading cryptocurrency exchange platform that offers a wide range of services and features. It has a user-friendly interface, low fees, and a wide selection of trading pairs. It also provides advanced trading tools and features such as margin trading, futures trading, and spot trading. The platform is highly secure and offers a variety of payment methods. It also has a mobile app for iOS and Android devices. Overall, OKX is a great choice for those looking for a reliable and secure cryptocurrency exchange platform.

    How to Register on OKX?

    • Step 1: Go to the OKX website.
    • Step 2: Click the “Sign up” button, which you’ll find on the top-right of the page.
    • Step 3: Enter your email address and password. Instead of an email address, you can use your phone number.
    • Step 4: Click “Sign up”.

    After creating your account, you will need to fill in additional information to verify that it’s you. To do that, you will only need your ID or passport number.

    How to Make a Deposit on OKX?

    Make a deposit as soon as you register. You only need to buy cryptocurrency to do that. You won’t encounter any difficulties because OKX offers you a variety of payment methods.

    Choose from the payment methods below and deposit credit in your account:

    • Credit/debit card
    • Bank transfer
    • PayPal
    • Payeer
    • Skrill
    • GooglePay
    • ApplePay
    • etc.

    You have a virtually limitless number of alternatives when buying cryptocurrency on OKX.

    Conclusion

    OKX is a Malta-based cryptocurrency trading platform that was founded in 2017 and is now one of the most popular crypto exchange platforms. It offers low fees, supports more than 340 cryptocurrencies and over 650 trading pairs, and provides features such as margin trading, spot trading, options trading, lending, and borrowing crypto. While it is a great platform for experienced traders, newbies may find it difficult to use due to its extensive features. If you are looking for an alternative exchange, ByBit, Binance, KuCoin, and Kraken. are some of the leading cryptocurrency exchanges in the industry, each with its own set of benefits.

    Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.

  • ShapeShift Exchange Review (2023): Decent Crypto Exchange with Some Amazing Usability Features

    ShapeShift Exchange Review (2023): Decent Crypto Exchange with Some Amazing Usability Features

    ShapeShift is a free, open-source platform that allows users to buy, trade, track, and earn across multiple blockchains. Owned and operated by the community, private, non-custodial, and secure. We aim to share all about Shapeshift on this exchange review, from its features to how to create your account.

    Sign up here to get started.

    What is ShapeShift?

    ShapeShift is a unique crypto exchange that offers users a range of features. Although it hasn’t achieved the same level of recognition as other exchanges such as Binance or Kucoin, ShapeShift is a viable alternative and deserves consideration.

    ShapeShift, founded in 2013 by Blockchain enthusiast Erik Voorhees, is a Cryptocurrency exchange website that debuted in 2014. Erik designed ShapeShift to make purchasing cryptos like Bitcoin as easy as possible, transforming it into a “vending machine” that anyone can use. Initially, users could only trade a few cryptocurrencies.

    As the registered user list grew, the platform increased its trade count to 40 cryptocurrencies and 940 trading pairs by 2015. By July 2018, the list of cryptocurrencies had expanded to 103. Today, there are over 750 cryptocurrencies available for trading, including popular coins such as Bitcoin, ETC, BlackCoin, Augur, and Gnosis.

    Key Features and Advantages of ShapeShift

    Is ShapeShift safe and worth using? That’s the question most cryptocurrency enthusiasts ask when looking for ShapeShift exchange reviews online. To answer this question, we should first examine the safety and usability of ShapeShift before exploring its other features.

    A Unique Balance of Security VS Anonymity

    When it comes to cryptocurrency exchange platforms, security should always be the top priority. Users should be aware of the potential risks of a leak or hack, and make sure that the platform they are using has the necessary security measures in place to protect their assets. ShapeShift stands out from other crypto exchanges due to its anonymous purchasing feature. Reviews of the platform, however, suggest that the experience may be different.

    ShapeShift’s lack of a thorough account creation process was both a pro and a con. However, cryptocurrency enthusiasts often prefer this decentralized option, as evidenced by ShapeShift exchange reviews. People may be wondering if ShapeShift is legit before committing to a purchase. Rest assured, ShapeShift has maintained its security even after discontinuing the anonymity feature.

    You can be sure that each time you perform a transaction, a new public wallet key is generated for you, providing identity and account protection. Additionally, two-factor authentication is available on the site for added security. ShapeShift will never request your private key, which is an essential thing to remember. In the crypto world, the saying “not your keys, not your cryptos” is true to an extent – if you don’t own your private wallet key, you don’t truly own your assets, as they can be lost in an instant.

    The security of your crypto coins ultimately depends on you, as ShapeShift exchange was previously anonymous. Many user reviews emphasize this point.

    Superb Usability Features

    Usability is an important factor to consider when choosing a cryptocurrency exchange platform, such as ShapeShift. Reviews of the platform can help you determine if it is worth using, but usability should not be overlooked. ShapeShift has optimized their website, app, and platform to cater to crypto trading beginners. With the influx of new traders, ShapeShift has ensured their platform is user-friendly and secure.

    ShapeShift is an enjoyable and user-friendly crypto exchange, with a visually appealing interface that is free of difficult industry jargon and technicalities.

    50+ Supported Crypto Assets

    Cryptocurrency support is essential for a successful crypto platform. As the crypto markets have grown in popularity over the past few years, more and more people have come to the industry. To meet this increased demand, crypto enthusiasts are researching and purchasing a wider variety of altcoins in addition to Bitcoin.

    ShapeShift offers its clients the ability to trade over 50 different cryptocurrencies, meeting the market demand and providing a wide range of assets to purchase and trade.

    Innovative Features (Rainfall)

    ShapeShift’s latest update, Rainfall, provides users with USDT rewards every time someone makes a trade on the platform, making it a great crypto exchange alternative. Many online ShapeShift exchange reviews praise the attention they pay to providing users with different features.

    ShapeShift rewards its users with Fox tokens for completing specific tasks related to their accounts. If there is enough demand, the company may also start selling Fox tokens. With these tokens, users have the chance to win exciting giveaways from ShapeShift.

    Super-Low Fees

    When choosing the best crypto exchange for yourself, fees are an important factor to consider. To maximize your profits, you should look for an exchange that offers the lowest fees and is also secure. ShapeShift is a legitimate platform offering its users competitively low fees, making it a great choice when compared to other exchanges.

    ShapeShift offers competitive fees, with no deposit or withdrawal fees. The fees vary depending on the cryptocurrency being traded, but are typically lower than those of other exchanges.

    The KeepKey Wallet

    The KeepKey wallet, a hardware cryptocurrency wallet made and sold by ShapeShift, is widely regarded as one of the most popular crypto wallets available. With its advanced security features, it’s easy to see why it’s so popular.

    ShapeShift is renowned for providing some of the safest cryptocurrency wallets, so it’s no surprise that their exchange is secure too. Many user reviews agree that ShapeShift is a great alternative to storing crypto coins in hot wallets from a security perspective.

    Key Disadvantages of ShapeShift

    Users may come across some negative ShapeShift exchange reviews and feedback online. To help you make an informed decision, let’s take a look at these reviews. Afterwards, we’ll discuss the registration process to the site.

    Prior Security Breach

    ShapeShift is widely considered a secure crypto exchange, despite its past security breaches. Unlike other exchanges, ShapeShift’s breach was not typical. ShapeShift experienced a security breach caused by an internal employee, resulting in the theft of approximately $230,000 worth of crypto coins from the company’s hot wallets. Fortunately, no users were affected by the breach.

    ShapeShift’s transition from an anonymous exchange to an account creation-requiring one caused concern, but the company has since rebuilt its reputation and is now considered reliable. For the most reliable cryptocurrency storage, Coinbase and Binance are the top choices. For even greater security, hardware wallets such as Ledger and Trezor are recommended.

    Some Users Report Lost Funds During Transactions

    ShapeShift has acknowledged that some of its customers have lost funds sent from the exchange to their wallets. It is actively working to resolve the issue and refund the affected users. A small percentage of customers experienced issues with their transactions; however, the majority of people had no problems.

    Most people have not reported any similar issues recently. It is indicating that the complaints about this issue are now in the past.

    ShapeShift’s active presence on media channels is evident, as they have responded to many frustrated users who have posted on Reddit about the safety of the platform. The answers to the question “Is ShapeShift safe?” may be mixed, but it is clear that the company is attentive to customer concerns.

    How to Use ShapeShift?

    The registration process for ShapeShift is easy to use and straightforward. It only takes a few minutes to sign up and start trading.

    1. Access ShapeShift’s official website.
    2. Create an account by clicking “Get Started” Button, enter your email and create a password.
    3. Download the ShapeShift app to verify your account by scanning the QR code or following the link in your email.
    4. Verifying your identity is the final step in creating your account. Quick and simple to follow, the account creation process is complete once you have done this.

    How to Start Trading on ShapeShift?

    Once you have verified that ShapeShift is legitimate, you can begin trading.

    1. Navigate to the Platform from your Dashboard, then press GO TO PLATFORM button.
    2. Press the Trade button on the left side of the screen to access the platform.
    3. Verify your account to start trading cryptocurrency. Scan the QR code to complete the verification process and begin trading your selected amount of cryptocurrency.
    4. Exchange your currency for cryptocurrency with Banxa, integrated within the ShapeShift platform – no fiat money required.

    Your crypto coins will be credited to your wallet in a short time after you make the trade. It’s that easy!

    Conclusion

    It is difficult to give a definitive answer to the question of whether or not to use ShapeShift for cryptocurrency exchange. Online reviews are mixed, with many users unable to make a clear decision. ShapeShift is an ideal alternative for those who want low fees and an easy-to-use platform. It offers a variety of features and promotions, making it a great choice for users.

    If you’re looking for an exchange to transfer fiat-to-crypto, but don’t want to risk the negative user reviews that mention the transaction issue that ShapeShift has experienced, you could consider alternatives such as Binance and Coinbase, which are the leaders in this area.

    Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.

  • 1inch Exchange, Mooniswap and Chi GasToken: The ultimate review and guide

    1inch Exchange, Mooniswap and Chi GasToken: The ultimate review and guide

    1inch Exchange is a decentralized exchange (DEX) aggregator, designed to roll liquidity and pricing from major DEXs into one platform, offering users the cheapest trades, lowest slippage, and access to a wide range of ERC-20 tokens. According to CoinGecko the exchange has support for 152 Coins and 158 trading Pairs and a Total Volume of over US$ 4 billion. We also take a look at the Exchange’s automatic market maker (AMM)-Mooniswap and their Chi GasToken.


    Summary

    • 1inch is a non-custodial DEX aggregator, with all trades being performed within a single transaction from a user’s Ethereum-based wallet.
    • Popular DEXs integrated into the 1inch protocol include Oasis, Kyber Network, Uniswap, Mooniswap, Balancer and many more. This means that users can swap between nearly any kind of ERC-20 token.
    • The native 1INCH token is both a governance and utility token.
    • The platform has its own gas token “Chi” to help users, especially seasoned traders and arbitrageurs, to reduce gas costs for transactions.
    • The 1inch team has also introduced Mooniswap, a next-generation automated market maker (AMM) with virtual balances, enabling liquidity providers to capture profits otherwise captured by arbitrageurs.

    Let’s look at some of 1inch Exchange features in detail.

    Overview

    DEXs have becoming increasingly popular among users with their varied advantages over its centralized counterparts namely self-custody, increased security, listing autonomy and diversity of coins.

    However, some of the major drawbacks come in the form of thin order books with low liquidity leading to high slippage and expensive transaction cancellations. Moreover, as every order gets submitted to the blockchain, anyone can see a transaction before it gets mined. This visibility leaves every trade susceptible to interception as front runners can pay a higher gas price to incentivize the network to mine their transaction first.

    1inch Exchange is a non-custodial DEX aggregator that aims to tackle the issues of the thin order book and front running.

    Users can swap as well as place limit orders for a wide variety of tokens.

    It is designed to roll liquidity and pricing from all major DEXs into one platform therefore trades via 1inch can be split across exchanges, to minimize slippage and provide the best pricing possible for the desired trade. Mooniswap, Oasis, Kyber Network, Uniswap, 0x Relays and others are all integrated into the 1inch protocol.

    The price and liquidity available from each platform are clearly displayed to the user, along with gas fees. This saves the user both time and clicks, avoiding the need to open multiple exchanges and assess the order books. (www.traveltalktours.com)

    How Does 1inch exchange work?

    1inch Exchange was founded in May 2019 by Sergej Kunz and Anton Bukov, two Russian developers who came together to audit smart contracts. Before founding 1inch, the duo participated and won several bounties at hackathons for MakerDAO, Set Protocol, and Kyber Network.

    To get started, visit https://1inch.exchange/

    How to swap tokens

    The 1inch.Exchange will greet you with the following interface with the option to swap tokens:

    Swap tokens
    Swap tokens

    You can choose which different DEXs you want to place your swap offer on. This is the defining feature that gives users access to a much bigger order book than what would otherwise be available on individual DEXs.

    Users connect their Ethereum wallet, by clicking the yellow “Connect Wallet” button. Once connected, users can select which assets they would like to exchange, and the best available rates. They can also toggle on/off specific exchanges, depending on their preferences. Scrolling down, users can also view the exchange rate going at each individual platform, as well as how much it varies from the best price.

    Exchange rate on each platform is displayed
    Exchange rate on each platform is displayed and difference with best price

    After selecting the assets and the amount to swap, to proceed with the trade, click “SWAP NOW”.

    verify your token swap
    Verify your token swap

    A user will then be asked to confirm their trade. Ensure that the details are correct, and then select “VERIFY”.

    approve transaction in wallet
    Approve transaction in wallet

    Finally, the user will need to approve the transaction within their wallet, and the trade will be processed on the blockchain.

    Transaction successful
    Transaction successful

    How to place a limit order

    Users can also choose to place a limit order on 1inch exchange by clicking on the top right option next to swap:

    Place limit order
    Place limit order

    Staking tokens on 1inch

    Moreover, by clicking on the “Earn” tab next to the limit Order, 1inch provides a platform that allows users to stake tokens and collect revenue from several liquidity pools like Aave, Compound, Uniswap, Balancer, Mooniswap, and so on.

    Stake tokens
    Earn feature allows users to stake tokens in various liquidity pools

    Most decentralized applications (dApps) ask users to allow the app to interact with their wallet.

    Because 1inch is a non-custodial application, it needs to continuously interact with various crypto wallets. 

    1inch calls has integrated a feature called “infinity unlock,” which once unlocked, allows trading activity to occur unhinged. This saves in gas fees each time the application calls to verify an unlock. For power users who interact with DeFi protocols, this can ultimately save them a lot of money.

    1inch Exchange fees

    1inch exchange does not charge any withdrawal fees. The only fee is a network fee which is charged by the exchange the user is routing through (e.g. Uniswap, Kyber Network etc), the amount of which depends on the gas price at the time of transaction execution. Since this fee is charged by the other exchange, 1inch does not actually benefit from this fee in any way. However, users do have the option of saving gas fees by using 1inch’s Chi GasToken.

    1INCH token: What is it?

    On 26th December 2020, the independent Board of the 1inch Foundation released the 1INCH token.

    Free tokens are being distributed to the community to celebrate the launch of 1INCH token. Wallets that have interacted with 1inch until 12:00a.m. on 24th December 2020 (UTC) will get 1INCH tokens provided that 1 of the 3 conditions have been met: (1) at least 1 trade before 15th September 2020; (2) at least 4 trades in total; or (3) trades for a total of at least USD$20.

    The token is both a governance and utility token. As a governance token, 1INCH will be used to govern its network protocols and thus allowing it to be governed under the Decentralised Autonomous Organisation (DAO) model.

    To catch up with the farming phase, 1inch has also started a new liquidity mining program with 6 liquidity pools (1INCH-ETH, 1INCH-DAI, 1INCH-WBTC, 1INCH-USDC, 1INCH-USDT and 1INCH-YFI). This is to bootstrap the 1inch Liquidity Protocol by using the 1INCH token as a utility connector token. To incentivise people to participate, 1INCH tokens will be distributed to users that provide liquidity to these pools. Furthermore, during the first 2 weeks of this program (i.e. until 9th January 2021) an additional 0.5% of 1INCH’s total supply will be distributed to liquidity providers.

    1INCH tokenomics

    The current total supply is 1.5 billion 1INCH tokens.

    On 26th December 2020 (i.e. launch day), 6% of the total supply will be issued. Other tokens will continue to be released over time as follows:

    • 30% has been allocated to community incentives which will be unlocked and distributed over 4 years.
    • 14.5% will go towards protocol growth and a development fund, also to be unlocked over a 4-year period.

    Is 1inch Exchange safe?

    1inch Exchange is a non-custodial DEX aggregator. This means your cryptocurrencies are not held by the Exchange at any time, unlike some centralised exchanges where your cryptocurrencies are stored in their wallets for trading. It is also worth noting that 1inch Exchange so far has a spotless record of not suffering any hacks or vulnerabilities so far.

    Chi GasToken

    Chi Gastoken, known as “Chi” was launched by 1inch in June 2020.

    The innovative project placed first at DeFi’s “Hack Money” event in May 2020 and was made available to users thereafter.

    Gas is similar to fees banks charge on money transfers. Unfortunately, it’s nearly impossible to predict the exact size of the gas fee due to market volatility. You can monitor the Ethereum network’s gas fee on a daily basis on Eth Gas Station.

    What is the Chi GasToken? Does it really help save transaction fees?

    The Chi GasToken is an ERC20 token meant to be used on 1inch exchange to pay transaction costs. Chi is pegged to the Ethereum network’s gas price. When the gas price is low, the Chi price is also low, and the vice-versa.

    The idea is similar to the GasToken token concept but with some improvements: Buying (minting) Chi saves you 1% in comparison to minting GasToken (GST2). Whereas the selling (burning) of Chi saves you 10%, compared with GST2.

    Mooniswap: What is it?

    Automated market makers (AMM) are smart contracts that create a liquidity pool of ERC20 tokens, which are automatically traded by an algorithm rather than an order book. This effectively replaces a traditional limit order-book with a system where assets can be automatically swapped against the pool’s latest price.

    Unfortunately, traders conducting front-running can steal from liquidity providers by trading on the price swings making this problem undeniably important.

    In August 2020, the 1inch team released their novel automated market maker (AMM), Mooniswap. This new AMM can keep most of the slippage revenue in the pool by maintaining virtual balances for different swap directions. When a swap happens, a market maker does not automatically apply the invariant algorithm and displays the new prices for upcoming trades. The AMM improves exchange rates for arbitrage traders slowly, over approximately a 5-minute time period. As a result, arbitragers can collect only a portion of slippage, while the rest remain in the pool shared among liquidity providers. By such a delay in price updates, the market maker creates a highly competitive environment for arbitrageurs forcing them to perform trades at less profitable prices, which in turn add value to the liquidity providers.

    The team has done multiple simulations of Mooniswap performance based on real-world data and compared the results with Uniswap V2. Below, you can find the charts that display trading volume, cumulative price slippage, the income of Uniswap V2 liquidity providers, along with the prediction of Mooniswap liquidity providers income.

    comparison of uniswap and mooniswap income
    Comparison of Uniswap V2 LP income with potential Mooniswap LP income on different pools

    On average Mooniswap is expected to generate 50% to 200% more income for liquidity providers than Uniswap V2 due to redirection of price slippage profits.

    Conclusion: Pros and cons of 1inch Exchange

    Here are some pros and cons of 1inch exchange based on our user experiences:

    Pros

    • The Exchange’s interface is very clear and intuitive with a good track record without any hacks so far.
    • 1inch exchange does not charge any withdrawal fees, except for the network fee.
    • Liquidity is a significant issue on decentralized exchanges. Not only is liquidity low on DEXes in general, but this liquidity is further fragmented across several different DEXes, worsening the problem making large-volume trades susceptible to significant slippage. 1inch solves this by splitting orders across exchanges yet keeping the trade within one transaction.
    • Chi GasTokens help users, especially those who trade on a daily basis and arbitrageurs, to reduce gas costs for their transactions.
    • Their novel automated market maker (AMM) used in Mooniswap capitalizes on user slippages and protects traders from front-running attacks.

    Cons

    • Even with helpful tutorials by the 1inch team, there is still a steep learning curve to make use of the many features the Exchange has to offer. New crypto investors are restricted from trading in this platform since it does not accept any deposit method other than cryptos.
    • The infinity unlock feature might act as a potential point of attack for hackers. Even though unlocking transactions one at a time is slightly more expensive, it is more secure as users aren’t always linked to the protocol should it be compromised.
    • We have seen the dominance of Uniswap grow tremendously over a small time period. If a single DEX ends up becoming far more significant than its competitors, the role of DEX aggregators could diminish.

    In conclusion, we find that the benefits of the 1inch Exchange far outweigh the drawbacks as it attempts to solve some of the direst issues plaguing the growth of the DeFi ecosystem. The platform is definitely geared towards traders with a bit more experience, particularly those who trade the major cryptocurrencies and across multiple DEXs. Over time as users overcome the initial learning curve and user experience improves in this industry, 1inch might emerge as one of the most important trading platforms for the rapidly expanding DEX ecosystem.

    Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.

  • BitStamp Exchange Review (2023): Well-established Exchange on Security and Regulation

    BitStamp Exchange Review (2023): Well-established Exchange on Security and Regulation

    Bitstamp is a Luxembourg-based cryptocurrency exchange that offers users a secure platform to trade Bitcoin (BTC), XRP, Ether (ETH), Litecoin (LTC), and Bitcoin Cash (BCH) against fiat currencies (USD, EUR, GBP) and deposit/withdraw fiat currencies using credit/debit cards. In this Bitstamp review, we’re going to share how Bitstamp works, its fees, who it works best for and whether or not it’s safe. What is more, you’ll know if Bitstamp is the right exchange for you.

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    What is BitStamp?

    Bitstamp is one of the oldest and most trusted cryptocurrency exchanges in operation. It is registered in Luxembourg and headquartered in the UK, and caters to both beginner and experienced traders. Customers can exchange bitcoin (BTC), XRP, ether (ETH), litecoin (LTC), and bitcoin cash (BCH) with each other and against fiat currencies (USD, EUR, GBP). They can also deposit and withdraw fiat currencies using their credit and debit cards. The trading and currency dashboards are clearly laid out and easy to use, making it a great choice for both novice and experienced traders.

    Bitstamp was founded in 2011 as a European alternative to Mt.Gox. Bitstamp offers a secure and accessible middle ground between advanced trading and trading for beginners. With its user-friendly interface, advanced security measures, and a variety of trade types, it is a great choice for both experienced traders and those just starting out in the world of cryptocurrency.

    Bitstamp offers users the ability to deposit and withdraw funds using their credit and debit cards, although this is usually more expensive than using a bank transfer. It has a solid security record, although it was subject to two cyberattacks in 2014 and 2015. Since then, it has managed to operate without incident and has been fully regulated by the Luxembourg government in 2016, making it a reliable and secure platform for users.

    The BitStamp Team

    The exchange company is led by CEO Nejc Kodric, with CTO David Osojnik, CFO Edward Kemp, and COO Vasja Zupan as key team members. Bitstamp offers a secure and reliable platform for customers to buy and sell digital assets, with a focus on providing a safe and secure trading environment. The company is committed to providing customers with the best customer service and support, and is constantly innovating to ensure customers have the best experience possible.

    Key Features of BitStamp

    BitStamp key features include:

    Trusted Crypto Exchange for Global Traders: Bitstamp is a leading cryptocurrency exchange that offers traders from around the world a secure and reliable platform to buy and sell digital assets. With high liquidity and a fiat-to-crypto gateway, It is one of the most trusted and established exchanges in the industry.

    Regulated Exchange: Bitstamp is the world’s first fully-licensed European cryptocurrency exchange, regulated by the Luxembourg Financial Industry Supervisory Commission (CSSF). It is a secure and reliable platform for trading digital currencies, offering users a safe and compliant way to buy and sell cryptocurrencies.

    Buy cryptocurrencies with a bank card: Bitstamp offers a convenient way to purchase Bitcoin and other cryptocurrencies with a bank card. Customers can instantly buy digital currencies with their bank cards, making it easy to get started with cryptocurrency trading.

    Low SEPA transfer fees: For Europeans, SEPA transfers are a low-cost way to deposit and withdraw cash directly to and from their bank accounts. SEPA transfers are more affordable than wire transfers, making them a great option for those looking to buy or sell cryptocurrency.

    Mobile Application: Bistamp’s mobile app allows users to trade cryptocurrencies on the go, with support for both Android and iOS devices.

    Perfect for Beginners: Bitstamp is a user-friendly cryptocurrency exchange that offers both beginner-friendly and advanced trading interfaces, making it easy for anyone to buy and sell digital currencies.

    In summary, Bitstamp is a secure and reliable cryptocurrency exchange, offering a wide range of trading options for both novice and experienced traders. With over 9 years of experience, Bitstamp has proven its security and high liquidity, making it a great choice for those looking to buy and sell digital assets.

    Key Advantages of BitStamp

    Fiat Trading

    Bitstamp is a cryptocurrency exchange that allows users to buy and sell cryptocurrencies with fiat currencies. It supports USD, GBP, EUR, and Swiss Francs, making it a great option for beginners who are just getting started in the crypto world. It also offers a secure platform and low fees, making it a great choice for those looking to buy and sell cryptocurrencies. With its easy-to-use interface and wide range of fiat currencies, Bitstamp is a great choice for those looking to get started in the crypto world.

    Payment Methods

    Bitstamp makes it easy to get started with cryptocurrency trading, offering users the ability to fund their accounts with credit cards and bank transfers. This makes it simpler than ever to buy and sell digital currencies.

    Security

    Bitstamp is one of the most secure cryptocurrency exchanges on the market, with almost all of its funds kept in cold storage and fully insured. In 2015, Bitstamp was hacked and 19,000 Bitcoins were stolen, worth around 5 million USD. However, no customer funds were lost and the platform was completely rebuilt to prevent future hacks. The exchange has worked hard to ensure customer safety and security, and is now one of the most trusted exchanges in the industry.

    Finally, it also offers its users two-factor authentication, text message alerts, and PGP encryption to keep user information private.

    Fees

    Bitstamp offers some of the lowest fees in the market, making it an ideal choice for new traders. Fees vary depending on the payment method and location, but are generally low and easy to understand.

    Customer Service

    Bitstamp is committed to providing excellent customer service, with a UK-based helpline for emergencies and a detailed FAQ page. They respond to user emails within three days, ensuring traders are kept happy and satisfied.

    Reputation

    Bitstamp is a reliable and professional crypto exchange, with links to financial institutions worldwide and full licensing. It has been audited by Ernst & Young, one of the Big Four accountancy firms.

    Mobile App

    Bitstamp’s mobile app has been highly rated by users, receiving an impressive 4.8 out of 5 stars on the Apple Store. This is a testament to the quality of the app, which provides users with a convenient and secure way to access their accounts.

    Key Disadvantages of BitStamp

    Coin Selection

    Bitstamp is a popular cryptocurrency exchange that offers a limited selection of around 70 digital assets for trading. These include Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Ethereum (ETH) and Ripple (XRP). While this selection is suitable for beginner traders, more experienced traders may prefer an exchange with a larger selection of trading pairs, such as Binance, which offers more than 1400.

    User Friendliness

    Bitstamp is a professional trading exchange that can be difficult for new users to understand. For those with no trading experience, Coinbase may be a better option as it is simpler and easier to use.

    BitStamp Fees

    Bitstamp is a cryptocurrency exchange with a competitive fee structure. Cryptocurrency deposits are free, while withdrawals incur a fixed network fee which differs per cryptocurrency. An exception to this is when customers withdraw bitcoin using BitGo Instant, which costs 0.1% of the amount being transferred, and when they withdraw Ripple IOUs, which costs 0.2% of the transferred amount. Bitstamp’s fees are cheap compared to many rivals, making it an attractive option for those looking to buy and sell cryptocurrencies.

    Currency/Withdrawal FeeBitstampKrakenBitfinexCoinbase Pro
    Bitcoin (BTC)
    		0.0005 BTC0.0005 BTC0.0004 BTCFree
    Ethereum (ETH)0.001 ETH0.005 ETH0.00135 ETHFree
    Litecoin (LTC)0.001 LTC0.001 LTC0.001 LTCFree
    Ripple (XRP)0.02 XRP0.02 XRP0.1 XRPFree
    Bitcoin Cash (BCH)0.0001 BCH0.0001 BCH0.001 BCHFree

    International wire transfers have a deposit fee of 0.05% (minimum of €7.50) and a withdrawal fee of 0.1% (minimum of €25). European customers making a SEPA bank transfer deposit funds to Bitstamp free of charge, while SEPA withdrawal costs €3.00. Bitstamp offers customers a secure and convenient way to buy and sell digital currencies with competitive fees. The platform is designed to make it easy to buy and sell cryptocurrencies with fiat currencies, with no hidden fees or charges. Customers can also benefit from the low fees associated with SEPA transfers, making it an attractive option for those looking to buy and sell digital currencies.

    Any amount purchased directly with a bank card comes with a 5% fee on Bitstamp’s behalf, and may have additional fees charged by the card issuer. Bitstamp offers a secure platform for users to buy and sell digital currencies, with a range of features and tools to help them manage their investments. 

    It offers competitive trading fees, with a starting rate of 0.50% for users with a 30-day trading volume of less than $10,000. This rate is lower than many other exchanges, making Bitstamp an attractive option for traders.

    The minimum trade amount at Bitstamp is 25 EUR/USD or 0.001 for BTC-denominated pairs. Bitstamp charges a 0.50% fee for any trader whose 30-day volume is less than $10,000. Other exchanges like Kraken and Bitfinex tend to charge less per trade, with Kraken offering a 0.16% fee for market makers and 0.26% for takers, and Bitfinex charging 0.1% for market makers and 0.2% for takers. Bitstamp is a reliable and secure platform for traders looking to buy and sell digital assets.

    It offers low-cost SEPA deposits and withdrawals, and discounts for high-volume traders. Although it is not the cheapest option out there, it is still a cost-effective choice for low-volume traders. The platform is secure and reliable, and offers a wide range of trading options. It is a great choice for European traders looking for a secure and cost-effective trading platform.

    Is BitStamp a Wallet?

    Bitstamp is an online platform for buying and selling cryptocurrencies, but it is not a wallet. Wallets are used to store and access cryptocurrency codes, and they can be either hot (online) or cold (offline). Bitstamp is not a wallet, but it does provide a secure platform for buying and selling cryptocurrencies. It also offers a range of features such as two-factor authentication, multi-signature accounts, and a variety of payment methods. Bitstamp is a reliable and secure platform for buying and selling cryptocurrencies, but it is not a wallet. To store and access your cryptocurrency codes, you will need to use a wallet.

    It is important to never keep all your cryptocurrency online, and a combination of hot and cold storage is the best way to ensure your funds are secure. For added security, a hardware wallet such as the Ledger Nano X is recommended. This device is similar to a USB stick and provides an extra layer of protection for your crypto assets. With Bitstamp, users can rest assured that their funds are safe and secure.

    Who Is Bitstamp Best For?

    Bitstamp is a secure and reliable platform with millions of satisfied users. It offers a professional design and features that are ideal for experienced users, but may be confusing for beginners. The platform is easy to use and provides a safe and secure environment for users to buy, sell, and trade digital currencies. It also offers a variety of features, such as low fees, fast transactions, and a wide range of payment options. Bitstamp is a great choice for those looking for a reliable and secure platform to buy, sell, and trade digital currencies.

    This exchange is a great choice for beginner crypto traders who want to get started quickly and easily. The exchange offers fiat trading and credit card purchases, making it easy to get started. Bitstamp is a perfect choice for users who don’t want to wait to start trading. The exchange also offers a range of features and tools to help users make informed decisions. 

    Conclusion

    Bitstamp is a trusted crypto exchange, renowned for its security and customer-focused team. With a user-friendly interface, it’s becoming one of the world’s most popular crypto exchanges. If you’re looking for a secure and reliable platform to trade cryptocurrencies, Bitstamp could be the perfect choice for you.

    Sign up here to get started today!

    Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.

  • bitFlyer Exchange Review (2023): A Trusted Japanese Cryptocurrency Exchange with Reasonably Low Fees

    bitFlyer Exchange Review (2023): A Trusted Japanese Cryptocurrency Exchange with Reasonably Low Fees

    bitFlyer is an often overlooked cryptocurrency exchange, but don’t be fooled – it could be the perfect platform for you – just read some user reviews to find out! Many digital currency holders who are not Japanese still find a lot of value in this crypto exchange platform. Let us now go into the details.

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    What is bitFlyer?

    bitFlyer is a regulated Japanese cryptocurrency exchange that offers virtual currency exchange and trading services in Japan, the United States, and Europe. With bitFlyer, users can buy and sell Bitcoin, as well as other cryptocurrencies using their preferred fiat currency, such as USD, EUR, or JPY. Additionally, users can make quick crypto purchases using a bank card and other payment methods. bitFlyer is a secure and reliable platform that provides users with a safe and convenient way to trade cryptocurrencies.

    bitFlyer is a popular and secure cryptocurrency exchange that offers low fees, responsive customer support, and an easy-to-use platform. Despite differences in regulation, the exchange remains user-friendly and provides an excellent fiat gateway for all jurisdictions. With its excellent security, low fees, and responsive customer support, bitFlyer is the best-kept secret amongst European and US traders.

    Key Features of bitFlyer

    bitFlyer’s key features include:

    • Purchase and trade Bitcoin and major altcoins. Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and other prominent cryptocurrencies are supported via the bitFlyer exchange.
    • The fees are really modest. bitFlyer has some of the lowest costs among authorized exchanges, making it an excellent fiat gateway for both beginner and experienced crypto traders.
    • An exchange that is extremely secure. bitFlyer has never been hacked and is the best exchange in terms of regulatory compliance in the crypto-verse.
    • Simple to use. bitFlyer provides two trading options: a simple interface for basic trades and a complex Lightning exchange for experienced investors.
    • Futures trading and margin. Japanese consumers can trade on bitFlyer’s Lightning FX platform, which allows for up to 4x leverage.
    • Account for a corporation. Institutional investors can apply for a corporate account, which has additional benefits and services.

    Key Advantages of bitFlyer

    We’ll begin our bitFlyer review by talking about the best parts of the exchange in question.

    A Safe Cryptocurrency Exchange

    When it comes to finding the best exchange for yourself, security should be your top priority. Exchanges that are regulated and follow all of the necessary rules and laws of their location, as well as comply with KYC norms, are the most secure. While some may consider this an invasion of privacy, it is the norm and necessary to ensure the safety of your crypto assets. Make sure to do your research and find an exchange that is secure and meets all of your needs.

    BitFlyer is a secure and reliable cryptocurrency exchange that complies with all rules and regulations. It has never been hacked and keeps 80% of its users’ crypto assets in cold storage devices. Cold storage refers to hardware crypto wallets that are always offline, meaning no hacker can access them or the assets they contain. BitFlyer is a safe and secure exchange that provides users with peace of mind when trading cryptocurrencies.

    Generally Simple to Use

    Crypto exchanges have become increasingly popular, but many newcomers can be overwhelmed by difficult and confusing interfaces. bitFlyer reviews show that this is not an issue with the exchange, as its interface is not complex and even complete newcomers can use it without any issues. bitFlyer is a great choice for those who are new to crypto trading, as it is easy to use and understand. It also offers a variety of features, such as a secure wallet, low fees, and a wide range of trading options. With its user-friendly interface and features, bitFlyer is an ideal choice for those who are just starting out in the world of crypto trading.

    Supports The Majority of the Cryptocurrencies

    The bitFlyer exchange supports the majority of the “main” cryptocurrencies on the market, including Bitcoin, Ethereum, Ethereum Classic, Litecoin, Bitcoin Cash, Monacoin, Lisk, Ripple, Basic Attention Token, Stellar Lumens, and NEM. However, the availability of these coins and tokens varies depending on the region. For example, if you reside in Japan, you’ll be able to trade all of the assets, while European traders won’t be able to trade Ripple and BAT, and US-based traders won’t be able to exchange and trade Monacoin, Lisk, Ripple, and BAT. Despite these restrictions, you can be sure that you’ll be able to trade and exchange Bitcoin, Ethereum, and some other more well-known crypto coins.

    Fees are Really Low

    This platform is one of the leading cryptocurrency exchanges on the market, offering some of the best fees that you can find. Depending on your region of residence, you can expect fees up to 0,15% for Japanese traders, 0,2% for European traders, and 0,12% for US clients. Futures trading is completely free of charge for Japanese traders. bitFlyer is one of the lowest fee-providing cryptocurrency exchanges, making it a great choice for anyone looking to trade crypto.

    Reasonable Account Verification Limit

    bitFlyer is a regulated cryptocurrency exchange that allows users to buy and sell Bitcoin without having to verify their identity. This is rare, as most exchanges require full verification before trading. Users can deposit and withdraw up to €249,99 per transaction and €2499,99 per cumulative year without having to provide ID and residential proof. bitFlyer also offers a range of other services, such as margin trading, futures trading, and more. The platform is secure and reliable and provides a great way to get started with cryptocurrency trading.

    Key Disadvantages of bitFlyer

    Let’s take a look at some of the less-than-positive bitFlyer customer evaluations.

    Cryptocurrencies Are Limited

    BitFlyer is a popular crypto exchange, but it has a major drawback – it only offers 11 coins for trading and exchange. This might be fine for beginners, but more experienced traders may find this too limiting. Other mainstream exchanges offer a much wider selection of coins, so if you’re looking for more variety, you may want to consider Binance or Coinbase.

    A Centralized Exchange

    bitFlyer is a regulated, centralized crypto exchange that follows all of the rules and regulations in place. This means that users must identify themselves in full before they can start trading and exchanging. While this is not an issue for most users, it does not suit crypto enthusiasts who believe strongly in the concept of decentralization. This is because bitFlyer, like many other crypto exchange sites, holds users’ private keys, meaning they do not have full control over their cryptocurrency. Despite this, bitFlyer has a professional nature and a spotless track record, so users should not have to worry about any issues.

    How to Register on bitFlyer?

    To begin, there is the registration process:

    • Step 1: Navigate to the bitFLyer website. The site may differ depending on your location; 
    • Step 2: Click the Sign Up for Free button! – Your email address will be requested.
    • Step 3: You must now confirm your email address, create a password, and enable two-factor authentication. Given that an SSL certificate is also involved, the platform’s security is quite solid!
    • Step 4: Once you have completed the 2FA and agreed to all of the documentation, your account has been activated! You can now opt to verify your identity right now or at a later time.

    The signup process is quite straightforward and quick!

    How to Add Funds to bitFlyer?

    After you’ve registered your account, you’ll most likely want to fund it and begin trading. The procedure is straightforward.
    You’ll want to go to the left side of your screen and select Account Funding. You will then be routed to a new page on the site.

    Now that you’ve validated your account, you’ll be able to contribute funds with ease. However, if you haven’t yet completed verification, you must do so by providing the site with your name, surname, and all other essential information.

    The funding process takes very little time and is quite simple – once you have your funds set up, you can start purchasing and trading the crypto-coins of your choice right away!

    Conclusion

    bitFlyer is a reliable and secure cryptocurrency exchange that allows users to purchase and trade a variety of main crypto assets. The exchange is praised for its simplicity and user-friendliness and is considered safe and secure. However, the available cryptocurrencies may vary depending on the region. If bitFlyer doesn’t meet your needs, there are other alternatives, such as Binance and Coinbase, that may be worth considering.

    Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.

  • DODOEx ($DODO): A Revolutionary On-Chain Liquidity Provider

    DODOEx ($DODO): A Revolutionary On-Chain Liquidity Provider

    DODO Exchange ($DODO) is a platform that supplies on-chain liquidity in order to support the Proactive Market Maker algorithm (PMM) to provide everyone with pure and contract-fillable liquidity on the blockchain.

    Overview

    The dawn of decentralized exchanges (DEXs) and decentralized finance (DeFi) brought with it automated market-making (AMM). Unlike in centralized exchanges, AMM doesn’t rely on buyers and sellers for a trade to take place. Instead, smart contracts sit at the center of the trade with liquidity pools providing the reserves.

    Unfortunately, in the DeFi scene, the AMM approach has faced challenges as to how to address issues such as slippage and impermanent loss effectively. As a result, platforms such as DODOEx are using a fined-tuned formula known as proactive market maker (PMM) which provides minimum slippage and improved fund utilization. Here, we take a close look at DODOEx, its contribution to the DeFi world, as well as what makes it unique.

    Background

    DODOEx, founded by three veterans in the blockchain industry, who has huge influencing power in China’s DeFi Community – Mingda Lei, Qi Wang and Diane Dai.

    Mingda Lei, he is the architect behind this new market-making algorithm for the protocol. He was a Physics PhD dropout from Peking University. He used to worked for a China-based DeFi project called DDEX as the key developer of the project. The second co-founder is Qi Wang. He is the founder of DOS Network, a China-based layer two oracle project. Before entering into the crypto industry, Wang used to worked as a software developer for firms like Pure Storage and Oracle. The third co-founder, Diane Dai, she started the first subscription-based WeChat channel that focuses on DeFi in China called DeFi Labs.

    Apart from the influencing team, DODOEx is also backed by many prominent investors such as Framework Ventures, DeFiance Capital, Pantera Capital, Binance Labs, Coinbase Ventures, Alameda Research, SevenX Ventures and more.

    What is DODOEx?

    Simply put, DODOEx is a decentralized liquidity provider using a new market making strategy. Notably, the new algorithm differs greatly from the AMM approach common with popular DEXs and/or DeFi platforms such as Uniswap and Curve.Finance.

    For example, instead of spreading funds uniformly over a price range, PMM allocates funds with close respect to market prices. One disadvantage of equally allocating funds is that only those funds with a close connection with the market price get utilized in trades. Therefore, in an AMM scenario, there’s a huge difference between the liquidity provided and the liquidity that is actually in use.

    DODO Exchange
    DODO Exchange (Image credit: DODO Exchange Website)

    How DODOEx Uses PMM to Beat AMM

    Compared to Uniswap’s AMM, DODOEx’s PPM has a better trading amount-vs-price curve. Why? Because, being a proactive formula, it reacts to the changes in the market price to effectively shift the price curve in a similar direction. Consequently, the section around the market price is considerably flat, ensuring sustained liquidity provision and utilization.

    DODOEx-Proactive Market Maker
    DODOEx – Proactive Market Maker (Image credit: “DODO: A Revolution in On-Chain Liquidity” Medium Article)

    Furthermore, apart from shifting the curve, DODOEx unlinks the base currency from the quote currency in a trading pair. Interestingly, this results in less risk and allows liquidity providers (LPs) to use the token at their disposal.

    For instance, if it’s an ETH-DAI trading pair, the LP has to deposit either ETH and DAI. Under these circumstances, DODOEx presents numerous advantages to traders and LPs

    Advantages of DODOEx to Traders

    • Although the protocol is decentralized, DODOEx traders have enough liquidity close to what is offered by centralized platforms.
    • There’s a possibility of having price differences between other exchanges and DODOEx which can be commercialized by arbitrageurs.
    • Liquidations, auctions, and other on-chain activities powered by smart contracts can utilize liquidity from DODOEx.

    Advantages of Using DODOEx as an LP

    • By unlinking the base and quote tokens, LPs can use any asset type at their disposal.
    • No minimum restrictions on deposits.
    • LPs share the network’s transaction fees.
    • LPs don’t incur price risks when depositing their own tokens.
    • They can use their coins to create trading pairs.

    DODOEx’s Native Token ($DODO)

    DODO is an ERC-20 token and forms DODOEx’s native currency. DODO is the platform’s governance token. DODOEx’s governance structure consists of three decentralized autonomous organizations (DAO); admin, risk control, and earn.

    The admin DAO is responsible for overseeing all the decisions made on the DODOEx ecosystem. Being the administrator, it has a considerable influence on the other DAOs.

    The risk control DAO, as the name suggests, deals with the system’s risk features. Earn, on the other hand, governs how incentives are shared on the platform.

    DODO token distribution
    DODO Token Distribution (Image credit: “Announcing the DODO Token and Initial DODO Offering” Medium Article)

    DODO’s total supply is 1,000,000,000 tokens which are allocated to the core team (15%), investors (16%), initial liquidity provision (1%), operations/marketing (8%), and lastly, the DODOEx community takes 60%.

    DODO’s Initial DODO Offering (IDO)

    The IDO was held on 29 September 2020 on DODO Exchange platform. DODO Exchange has listed the DODO-USDT trading pair. 1% of the total DODO supply is locked in the DODO liquidity pool and the initial offering price is $0.10 per token.

    Earning DODO: Staking and Mining

    The DODOEx system provides two ways to earn DODO tokens; staking and mining.

    Staking

    This involves locking your present DODO token holding and acquiring more tokens in the process. This can be done by:

    • Accessing the exchange through app.dodex.io.
    • Connecting your wallet through MetaMask.
    • Click “mining” on the upper far right corner.
    • Select DODO.
    • Click stake (note that there’s no way to edit the stake or unstake amount. Therefore, you can either stake or unstake your entire DODO balance).
    • Confirm your option on the exchange and on the wallet.

    Mining DODO 

    It involves providing liquidity in any supported trading pair using the pool tab. To access the pool option,

    • Visit app.dodoex.io.
    • Connect your wallet through MetaMask.
    • Select “Exchange” from the top right.
    • Click on “pool” and select your preferred pair. Note that you can deposit any coin on the trading pair. For example, if it’s the ETH-UDSC pair, you can deposit either ETH or USDC.
    • Click “Deposit,” define the token amount you wish to deposit, and select “Confirm.”
    • Access your wallet to confirm the transaction after which you click the “mining” button on the top right corner.
    • Approve the transaction and confirm it in the popup window that appears. In effect, another approval is required since you are now dealing with DLP tokens allocated from depositing your cryptocurrency on the above steps.
    • In the last step, confirm and stake.

    Core Components of the DODO Contract Framework

    A set of smart contracts powers the DODOEx protocol. However, for optimal interaction, these smart contracts are divided into three core components. They include:

    The Core – This holds all the ecosystem’s data and logic. It consists of the transparent proxy contract and the logic implementation contract.

    DODO contract framework
    DODO Contract Framework (Image credit: DODOEx ‘Smart Contract Framework’ Github)

    The Entrance – The entrance contract helps in streamlining activities on the transparent proxy contract, which is associated with oracles and fine-tuning parameters. Consequently, it helps mitigate the losses for users.

    The Helper – This section of the DODOEx ecosystem holds contracts that are meant to help remove the complexity of the platform away from its users.

    Conclusion

    The network’s next-generation liquidity provision algorithm ensures high fund utilization and ensures LPs don’t lose value between depositing and withdrawing, commonly known as impermanent loss.

    In addition, DODOEx is beneficial to both traders and liquidity providers. For example, it provides enough liquidity for traders and LPs share a section of the system’s transaction. Also, DODO mining and staking enable investors to increase their token holdings.

    Decentralised Finance (DeFi) series: tutorials, guides and more

    With content for both beginners and more advanced users, check out our YouTube DeFi series containing tutorials on the ESSENTIAL TOOLS you need for trading in the DeFi space e.g. MetaMask and Uniswap. As well as a deep dive into popular DeFi topics such as decentralized exchanges, borrowing-lending platforms and NFT marketplaces

    The DeFi series on this website also covers topics not explored on YouTube. For an introduction on what is DeFi, check out Decentralized Finance (DeFi) Overview: A guide to the HOTTEST trend in cryptocurrency

    Tutorials and guides for the ESSENTIAL DEFI TOOLS:

    More videos and articles are coming soon as part of our DeFi series, so be sure to SUBSCRIBE to our Youtube channel so you can be notified as soon as they come out!

    Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.

  • Coinmama Exchange Review (2023): Accessible, User-friendly, and Top-notch Security

    Coinmama Exchange Review (2023): Accessible, User-friendly, and Top-notch Security

    Coinmama is a non-custodial cryptocurrency broker from Israel, incorporated in Europe, and Slovakia, that provides fast, safe, and convenient cryptocurrency gateway services to digital currency enthusiasts in 188 countries, including the United States, with over 2.4 million users. Coinmama is the go-to platform for buying cryptos securely and conveniently, with helpful customer support, a wide variety of payment methods, and high levels of security.

    Sign up here to get started

    What is Coinmama?

    Coinmama is a cryptocurrency broker/exchange based in Israel that offers a fast, safe and fun way to buy digital currency from anywhere in the world. With Coinmama, users can purchase Bitcoin, Ethereum, Litecoin, and other cryptocurrencies with a credit or debit card. The service is available in 43 US states and all countries apart from those sanctioned, such as North Korea. Coinmama has been providing its services since 2013 and is committed to providing a secure and reliable platform for users to buy and sell digital currency. With their easy-to-use interface, users can quickly and easily purchase digital currency with just a few clicks. Coinmama is dedicated to providing a safe and secure platform for users to buy and sell digital currency.

    Coinmama is an exchange broker, meaning it holds the cryptocurrency and sells it directly to you for fiat money. Binance, on the other hand, is an exchange marketplace, which matches two independent buyers and sellers. Both exchanges offer a secure and convenient way to buy and sell cryptocurrencies. Coinmama has over 2 million customers in 188 countries, while Binance is one of the world’s largest cryptocurrency exchanges, with over 15 million users in more than 180 countries. Both exchanges offer competitive fees and a wide range of payment options, making them ideal for both experienced and novice cryptocurrency traders.

    Key Features of Coinmama

    Coinmama is a non-custodial cryptocurrency brokerage that makes it easy to buy and sell crypto for fiat currency, giving users full control over their funds. Other key features of the platform include:

    Capacity to buy and trade cryptocurrencies in 188 nations: Anybody can use Coinmama regardless of where they reside because it offers a global service.

    The ten largest coins are supported: Coinmama is a leading cryptocurrency platform that enables users to purchase Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), XRP, EOS, QTUM, Bitcoin Cash (BCH), Ethereum Classic (ETC), Cardano (ADA), and Tezos (XTZ) with ease.

    Wide range of payment options: You can purchase cryptocurrency using a credit or debit card, a bank transfer via SWIFT or SEPA, Apple Pay, Fedwire, FasterPayments, Sofort, and more.

    24-hour client service desk: Coinmama boasts of having a top-notch customer support service.

    Non-custodial, safe platform: You don’t run the danger of an additional counterparty with Coinmama because you own your private keys.

    Key Advantages of Coinmama

    Let me first describe the benefits of Coinmama.

    Daily Payment Options

    Coinmama is a popular cryptocurrency exchange that allows users to buy digital assets using their debit or credit card (fiat money). This is a great advantage for those who don’t have any other cryptocurrency to deposit, as many exchanges don’t allow for this. Coinmama is easy to use and almost every major bank issues debit and credit cards backed by Visa or MasterCard, so you shouldn’t have any problems buying from Coinmama, providing you have a bank account! With Coinmama, you can buy cryptocurrency directly from the website, just like ordering your weekly groceries online.

    Get Your Coins Right Away In Your Own Wallet

    Coinmama is a secure and reliable platform for buying cryptocurrencies. With Coinmama, you can purchase coins quickly and easily with your credit or debit card. Your coins are sent to your private wallet as soon as the payment is processed, ensuring that your funds are safe and secure. Coinmama is a great choice for those looking for a secure and convenient way to buy cryptocurrencies.

    User-Friendly Platform

    Coinmama is a cryptocurrency exchange that makes buying cryptocurrency simple and straightforward. With no prior knowledge of trading required, users can open and verify their account, enter their card details and choose how many coins they want to buy. Coinmama offers a variety of features such as market orders and kill-or-fill orders, as well as graphs, charts and statistics to help users make informed decisions. With a user-friendly interface and helpful customer support, Coinmama is a great choice for those looking to purchase cryptocurrency.

    Excellent Support Team

    Coinmama offers a secure and easy-to-use platform, with a wide range of payment options and low fees. If you have any issues with your account, Coinmama has a helpful customer support team available to assist you. You can contact them through live chat during business hours (Sunday-Thursday 9:00-18:00 GMT+3), or via email, support ticket or Facebook outside of these hours. Additionally, their FAQ page provides answers to many common questions.

    Exceptional Security

    It offers users a fast and secure way to buy and sell digital currencies. Coinmama is known for its user-friendly interface and low fees. However, it is important to note that Coinmama experienced a security breach in 2019. Despite this, Coinmama remains a popular choice for those looking to buy and sell digital currencies. It is important to do your own research before investing in any cryptocurrency exchange, and Coinmama is no exception.

    Key Disadvantages of Coinmama

    But, there are also some drawbacks to consider.

     Credit Card Fees

    Coinmama is a cryptocurrency exchange that allows users to purchase cryptocurrencies with their debit or credit cards. It is a great option for those who want to buy cryptocurrency quickly and easily. Coinmama offers competitive rates and a wide range of coins to choose from. However, users should be aware that there is an extra 5% fee when using a debit or credit card to purchase cryptocurrency. Despite this, Coinmama is a reliable and secure platform that is suitable for both beginners and experienced traders.

    Coinmama Fees

    Coinmama is a popular cryptocurrency exchange that allows users to buy and sell digital currencies with real-world money. However, users should be aware that there are fees associated with using the platform. On average, Coinmama charges a 5.5% fee for each transaction, although this can vary depending on the amount of coins being purchased. Fortunately, Coinmama does not charge any withdrawal fees, making it a cost-effective option for those looking to buy and sell digital currencies.

    Only 10 Coins to Choose From

    Coinmama is a broker exchange that allows users to buy Bitcoin (BTC) and Ethereum (ETH) with fiat money. Although it only offers 10 coins compared to other exchanges such as Kucoin which have more than 100 coins available, it still allows users to trade with all the smaller, less popular cryptos. Coinmama is a reliable and secure platform that offers fast transactions and low fees. It also provides customer support and a user-friendly interface, making it a great choice for those looking to buy BTC and ETH.

    Coinmama Verification

    The verification process is simple and straightforward, requiring users to confirm their personal details and upload a form of ID. Once the verification process is complete, users can buy up to $15,000 in coins without needing to provide any more information. The verification process is usually completed within a couple of hours, so users don’t have to wait long to start trading. Coinmama is a secure and reliable platform, making it a great choice for those looking to buy and sell digital currencies.

    Step-by-Step Guide to Buying Coins

    Now that you are fully aware of all the benefits and drawbacks of utilizing Coinmama, I’ll teach you exactly how to purchase your first coins.

    1. First, you will need to visit the official Coinmama website which can be accessed here.

    2. The simplest approach to create an account is to select the amount of bitcoin you wish to buy, enter it, and then click Purchase. Visa, MasterCard, ApplePay, SEPA, and a few other payment methods are accepted by Coinmama.

    3. Your entire name, a secure password, and the nation where you now reside must now be entered.

    4. Don’t forget to click the link Coinmama sent to your email to confirm your email address! If you don’t confirm the email right away, you’ll be asked to do so later.

    5. Once you have logged into your account, navigate to the Buy page, and select what you’d like to purchase – in this case, I’ll assume that it’s Bitcoin.

    6. You will see that you first need to verify your account. Click on “verification“.

    7. You will then be prompted to confirm your full name one more before entering your date of birth, contact information, and full address in the next window. If this doesn’t match the address on your credit card, it won’t be accepted.

    8. You must then input your identity information. Either your passport or your license will do this. Make sure you input the proper information twice to avoid slowing down the procedure. then select Next.

    9. You will then be asked to upload your documents. You will need to upload the front and back of your ID and then the following:

    • A selfie of you holding your ID.
    • An image of you holding a piece of paper saying “Coinmama” with today’s date.

    10. Following your submission, Coinmama will typically validate your ID in under ten minutes. If your pictures are blurry, they can urge you to take new ones.

    11. You will get an email after this is finished and your account has been verified. You can now purchase up to $15,000 worth of cryptocurrencies, congratulations!

    12. To finish your order, simply carry out the earlier stages once more. You will be required to input your debit or credit card information as well as your Bitcoin or Ethereum wallet address on the last step.

    Who Should Use Coinmama?

    Coinmama is a cryptocurrency broker/exchange that makes it easy for first-time buyers to purchase cryptocurrency with a debit or credit card. It is a great place to start if you want to buy a less popular coin, as you will need to trade it with another cryptocurrency such as Bitcoin or Ethereum. To do this, you will need to transfer your Bitcoin or Ethereum over to another exchange that lists the coin you want, and then trade them for that coin. If you cannot find the cryptocurrency that you’re looking for, you should check out Kucoin that has more options to choose from.

    Conclusion

    Coinmama is a popular cryptocurrency broker exchange that allows users to buy Bitcoin, Ethereum, and other cryptocurrencies with their debit or credit card. It is a secure and easy-to-use platform that is available in over 180 countries. Coinmama charges a 5.9% transaction fee and a 5% credit/debit card fee, making it one of the more expensive exchanges. However, it is one of the few exchanges that offer the option to use a debit or credit card, making it a great choice for those looking to purchase cryptocurrency for the first time. Coinmama also offers 24/7 customer support and a wide range of payment options, making it a great choice for those looking for a reliable and secure exchange.

    Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.

  • Bibox Exchange Review (2023): More for Trading Cryptocurrencies

    Bibox Exchange Review (2023): More for Trading Cryptocurrencies

    Bibox is the world’s first AI-powered digital asset exchange with a Swiss VQF license. It offers robust security, a wide range of trading options, innovative listing programs, and top-notch customer service. This exchange review will include both pros and cons of Bibox, including information about the company, the main features and even more.

    Sign up here to get started.

    What is Bibox?

    Bibox, the pioneering AI-powered digital asset exchange, has been providing robust and secure systems. Moreover, it also provices a wide range of trading options, innovative listing programs, and top-notch customer service since 2017. As one of the few blockchain enterprises with a Swiss VQF license, Bibox has earned the admiration and trust of cryptocurrency experts and traders around the world.

    Bibox offers daily trading services trusted by over 1 million cryptocurrency traders and investors from 160 countries, particularly in Asia, Europe, and North America. With 579 tokens and 826 trading markets, Bibox’s spot daily trading volume exceeds 1 billion US dollars.

    Bibox offers a variety of products. Bibox CopyTrading is a pioneering cryptocurrency trading platform that allows traders to share in the profits of fund management strategies. Additionally, Bibox’s AI-powered Trading Bot helps users maximize their trading profits through advanced quantitative analysis. Furthermore, Bibox’s SELECTED service offers a unique line of listing and trading services. It includes Super Start, Pre-taste, and S-POOL, which only feature high-quality blockchain projects. Bibox users can take advantage of discounted prices and near-zero risk of loss when purchasing project tokens.

    Key Features and Advantages of Bibox

    Low Trading Fees

    When selecting the best crypto exchange platform, it is essential to consider trading fees as they can significantly impact your profits. To maximize your earnings, it is wise to opt for a platform that offers low trading fees. Bibox offers some of the lowest trading fees in the top-tier crypto trading platform industry, with takers paying 0.20% and makers paying 0.075%. This is lower than the industry standard of 0.25% – 0.15%.

    Makers are those who create an order to be filled by someone else, while takers are those who place an order to buy cryptocurrencies at a specific price. Generally, makers pay lower fees than takers. Bibox does not charge any fees for deposits, however, a 1% fee applies for withdrawals. The minimum withdrawal amount is $15.

    Decentralized Exchange

    Bibox is a popular decentralized exchange, allowing users to directly trade cryptocurrencies without any controlling institutions. This type of peer-to-peer (P2P) trading is becoming increasingly popular due to its lack of centralized control. Decentralized exchanges make registration quick and easy, allowing you to start trading without having to provide your personal information.

    Decentralized exchanges such as Bibox offer users more freedom, but they often have lower liquidity than centralized crypto exchanges, resulting in less stable prices for assets. Additionally, there are some issues that people distinguish when discussing decentralized crypto exchanges, which will be discussed further in this Bibox exchange review.

    Easy to Use

    It’s essential to select a platform that makes it easy to buy and sell cryptocurrencies if you’re into daily trading. Fees and security measures are important, but usability should not be overlooked.

    Bibox offers a user-friendly interface, making it ideal for beginners. The exchange provides all the necessary information to make informed decisions. These includes the current value, lowest price per day, fluctuations in the trade, and the highest price for 24 hours. Additionally, Bibox has a mobile app available for IOS and Android devices, which can be downloaded from the App Store and Google Play.

    Very Secure

    Bibox ensures the highest level of security for its users with SSL encryption technology, multi-factor authentication and Google 2-Step Verification.

    For maximum security, it is recommended to store the majority (if not all) of your cryptocurrencies in secure wallets such as Ledger (Nano S and Nano X) and Trezor (One and Model T). These cold wallets keep your private keys offline, ensuring your assets are kept away from prying eyes.

    Key Disadvantages of Bibox

    Despite all the positive aspects of Bibox exchange, there are some drawbacks that should be taken into consideration. For those looking for a reliable cryptocurrency exchange platform, Binance, Kraken, and KuCoin are more suitable options.

    Doesn’t Support Fiat Currencies

    One of the biggest issues with Bibox is that it does not support fiat currencies, meaning users must first purchase cryptocurrencies on another platform and then transfer them to Bibox. To make this process easier, we have provided a step-by-step guide on how to make a deposit at the end of this Bibox review.

    Bibox offers a wide selection of over 50 cryptocurrencies to trade against Ethereum or Bitcoin, including but not limited to:

    • BTC
    • ETH
    • LTC
    • EOS
    • BIX
    • NEO
    • QTUM
    • etc.

    After buying cryptocurrencies, you can choose from a wide range of available options, so you don’t have to worry about the supported coins.

    Negative Reviews Online

    When conducting research for this Bibox review, I encountered a large number of negative reviews. Despite not having any issues when using this platform, I paid close attention to what other customers had to say. It’s wise to be cautious when reading online reviews about any company. Many customers have reported that they were unable to delete their accounts, as well as claims of fake volume and hidden fees.

    Decentralized = Not Controlled

    Bibox is a decentralized exchange, meaning that it operates without a central authority. This is beneficial as it allows users to trade directly with each other, without their personal information being stored on the platform. However, this also means that there is no central authority to provide oversight or protection.

    Since there is no central authority controlling the platform, it is vulnerable to hacking. If the platform is hacked, users will not be able to recover their cryptocurrencies.

    How to Use Bibox Cryptocurrency Exchange?

    How to Create an Account on Bibox?

    Create your account on Bibox quickly and easily by following these simple steps:

    1. Create an account on Bibox by clicking the “Sign Up” button on the homepage.
    2. Sign up with your email and password, and enter a referral code (if you have one) to get started.
    3. Click “Receive SMS” to get a 6-digit code for verification.
    4. Create an account now by adding the code to access our services.

    The Bibox registration process is quick and easy, as it is a decentralized crypto exchange.

    How to Make a Deposit on Bibox?

    Make a deposit to your account quickly and easily with this step-by-step guide. Follow these simple steps below:

    1. Access Funds Quickly by Clicking the “Funds” Button at the Top Right Corner of the Page.
    2. Deposit funds quickly and easily by clicking the “Deposit” button at the top of the page.
    3. Choose the currency you wish to deposit and get started now.
    4. Copy your deposit address by clicking “Click to copy” after selecting the asset.
    5. Transfer your cryptocurrencies from your trading platform or wallet to your deposit address by selecting “Withdraw” or “Transfer”.

    Scan the QR code to quickly and securely transfer your assets.

    If you’re looking for the simplest way to purchase cryptocurrencies, Binance is the perfect choice. This digital currency exchange allows you to easily buy the most popular coins with your credit card. Unfortunately, Bibox does not support fiat currencies, so you cannot purchase BTC, ETH, or any other cryptocurrency on the platform with your credit card.

    Choose reliable wallets like Ledger and Trezor to protect your assets from theft. These hardware wallets will ensure your assets are secure.

    Conclusion

    Bibox is a Singapore-based decentralized cryptocurrency exchange that offers low trading fees, good security measures, and an easy-to-use platform. However, it does not support fiat currencies, is not regulated, and has received multiple negative reviews online.

    It is essential to keep your cryptocurrencies secure at all times when using this platform. To ensure the safety of your digital assets, we recommend using a reliable hardware wallet such as Ledger or Trezor. These wallets are also known as cold wallets as they store your private keys offline.

    This Bibox review should have answered all of your questions and prepared you to join the crypto world. If you prefer exchanges that support fiat currencies and have a better reputation, there are plenty of options to choose from.

    Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.