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The best exchanges to use for trading in Crypto

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Best Cryptocurrency exchange

Before we get started with a detailed discussion about the best exchange platforms that one can capitalize on when trading in cryptocurrencies, let us form a quick overview of how and why these currencies are trending in the present economy. Long gone are those days when investment was inevitably associated with equities and liquid cash that faced several backlashes in the market from time to time including unstable cash flow, amendments in the government’s inflationary policies, the influence of the global economy and several others. However, with the galloping pace of change, investors these days are drawn more towards Bitcoins and Altcoins, the two primary forms of cryptocurrencies. The curve on the cryptocurrency market graph is only rising with each year thereby rendering it a safe and profitable recourse for investment.

Irrespective of your degree of expertise in the field of cryptocurrency, in the following section, we will be jotting down a catalog of exchange sites that can be relied upon in terms of convenience, fees, ease and all the other accompanying details to carry out hassle-free transactions.

coinbase best exchangeIf you are a beginner and in search of an exchange that comes with a simple user interface, then Coinbase is your ideal resort. This U.S. based Exchange is one of the world’s leading platforms that host crypto transactions and serve users from almost every corner of the globe. Coinbase’s application is available in both Android and Apple app store and owing to its universality, one is free to purchase and trade their currencies in the same breath. Apart from this enhanced level of comfort, Coinbase is guarded with a set of strapping security and privacy policies which in turn is a necessity when it comes to conducting online investments. Coinbase has a fixed rate for all its transactions that amounts to $2.99 and covers all the exchanges that amount up to $200. Additionally, depending upon whether the transaction has been sourced from your USD wallet or bank account, a variable fee of 1.49% us charged every time the limit of $200 is surpassed.

As per the reports submitted in June 2019, Coinbase currently has a volume that is worth more than $1.5 billion hence confirming that the number of people turning to cryptocurrency investments is only growing with time. An intriguing fact that must be mentioned here is that if you want to get access to cryptocurrency through Coinbase, the process weighs more towards centralized; while, if you are using cryptocurrency, it automatically bends over to decentralized.

Lastly, because Coinbase has its roots in the USA, it strictly follows the KYC guidelines that issue identity verification as a mandatory step before getting registered with the exchange.

binance logoFirst things first, the exchange Binance is registered in Malta which is considered to be the ultimate stalwart in the world of cryptocurrency transactions. The lightning-fast speed, when married to its humongous volume of 15,000,000 USD, endows it with its well-deserved position in the list of the top 10 cryptocurrency exchanges in the world. The fee structure of Binance is quite distinct from its contemporaries; it is allotted on the basis of solitary transactions and to the taker and maker. When compared to its competitors in the market, Binance’s fee is only 0.10% of the total transaction, that is, about 0.25% less than the general market rate. The 0.10% fee remains the same for both the taker and maker, but here, the charge levied for withdrawal is of 0.0005 Bitcoins. Nonetheless, this fee can be further lowered if you choose to pay the trading charge in BNB.

Like the preceding alternative, Binance too is available on both the sites of Apple and Android thus making the whole process to get the ball rolling invariably fast and simple. Also, the privacy grip of Binance is further tightened by their KYC approval policy that needs the user to first verify and submit his valid identity document and then avail their services.

Binance was initially a centralized exchange that accommodated solitary techniques to expand its business like granting generous discounts when one used the BNB coins for their transactions. But in April 2019, the exchange launched its first model of the decentralized version that has received a warm welcome from all its subscribers.

Bitmex Crypto ExchangeThird, in this list and justifiably so is the exchange BitMex where the liquidity of one’s cryptocurrencies receives the highest flexibility and there is hardly any bump that arises regarding the same. BitMex, as the denomination suggests, mostly employs Bitcoins in its transactions and is concerned about its future contracts. Nevertheless, the fee structure of BitMex is not as simple as the other counterparts primarily because it deals with the future contracts of the cryptocurrencies. The amount levied for each cryptocurrency varies from the others; for instance, for Bitcoin, the taker fee is 0.0750%. Here, one must remember that the overall fees published by BitMex is higher when compared to the current market scenario and depends on the leveraged position and margin.

The use of BitMex comes with elevated simplicity and one just needs to register through one’s email id to carry on with the transactions. One factor that differentiates BitMex from all the names mentioned above is that it doesn’t require any KYC verification as it can be categorized under decentralized exchange thereby making it doubly easy to open and access an account.

Coinmama best crypto exchangeThere is a list of exchanges whose services are surging down because of the host’s incapability to meet the demands of its customers; but, Coinmama, amidst all these ongoing conjectures, have successfully held a strong ground for itself and deals in BTC, LTC, ETH, BCH, XRP, QTUM, and ADA. On Coinmama, one is not compelled to buy the whole Bitcoin but can settle for only a portion of it. A multi-language site that presents the live pricing in US dollars and Euros, Coinmama offers the highest limits for buying Bitcoins with a credit card.

The fee structure of Coinmama is extremely straightforward; they have set a transaction fee of 5.5% and a credit card purchase fee of 5%, which in total is a tad higher when sitting beside the other exchanges. Customers in Europe also have the privilege to purchase cryptocurrency with SEPA transfer at a mush discounted margin. Coinmama is immensely swift and fast therefore making one of the most preferred choice for the beginners.

Coming to the verification process of Coinmama, it doesn’t require one to produce documents approved by the KYC and a simple ID proof such as the driving license will be enough to take you through the registration mechanism. All these characteristics of Coinmama safely boil down to prove that the exchange is decentralized.

  • Bittrex

Bittrex crypto exchangeThe exchange Bittrex is solely dedicated to cryptocurrency transactions and it has been in the negative limelight for quite some time now because of the repeated target drawn to it by the phishers to encrypt all its data and information. Similar to Coinbase, Bittrex has held most of its funds offline thereby escalating the security standards and customer support reputation to remove all the glitches that have so far been a part of the exchange’s journey.

There is hardly an exception to the case when it comes to the fees charged by Bittrex for its transactions; a flat fee of 0.25% has been fixed by the site since its inception and continues to do so. There are a lot of users who use Binance coins for the Bottrex transaction and therefore if you pay the trading free through the medium of BNB, the amount charged will be only 0.05%. Coming to its security, Bittrex is a centralized exchange just like Coinbase and Binance which essentially forms the majority of the total cryptocurrency transaction volume.

Bittrex being a centralized exchange directly implies that when a user signs up to create an account here, he is supposed to undergo all the prerequisites of the KYC verification to produce a full proof identity transparency to get started with the trading.

Kucoin ReferralOnly after Binance and Coinbase, KuCoin stands tall as one of the highest favored recourses for cryptocurrency trades. The exchange ranks within the top 25 programs in CMC in which the authorities keep adding brand new coins and tokens on the exchange conducted by the users regularly. Not only is KuCoin accessible on the global platform but it also has a negligible portion of fees attached to each trade which amounts to 0.1%. Presently, KuCoin has a 24-hour trading volume of 4,755.35 that ensues from 206 different coins and 450 trading pairs.

KuCoin has recently been recognized as a centralized exchange that has automatically led to the strengthening of all the trades hosted by it. This feature will encourage more and more investors from all around the world to participate in the transactions and carry out the process of buying and selling cryptocurrencies without being intervened with the underlying dangers of the funds.

As because KuCoin has been recognized as an active centralized exchange platform, it requires KYC verification before granting access to a new user ensuring that the trades that are being carried out by it have a genuine source and destination.

Changelly crypto exchangeChangelly is probably one of the most-frequented websites because it fulfills all the methods of funding that include wire transfer, credit card, and crypto and are US investors permitted. Changelly, however, is not entirely an exchange platform as when signed into it, it will furnish you with a window that makes way into the other platforms such as Binance, Bittrex, HitBTC, and Poloniex to provide you with a catalog of the best prices offered by these sites and accordingly chooses the most suitable one.

The total fee charged by Changelly is an integration of the deposit fees, trading fees, and withdrawal fees, which thus is not always constant. The deposit fees chiefly depend on the amount of money that the user chooses to deposit, but the trading fees are of flat 0.50% paid by the takers and makers alike. Furthermore, Changelly charges 0.0001 BTC as their withdrawal fees for the BTC withdrawals.

Changelly has always maintained its status as one of the most trusted decentralized exchange platforms serving such a wide range of digital assets. The fact that Changelly only stands as a mediator between the trader and his profitable sites, the customary verification of identity details are null and void. Additionally, the decentralized feature of the exchange has debarred all the stages of the approval process and opens doors for a smooth evaluation of rates at multiple sites.

  • Poloniex

Poloniex Crypto ExchangeThe reason that has led Poloniex to be on this list despite the presence of strong competitors is its attribute as a crypto-to-crypto exchange; meaning, Poloniex has been delineated to be a platform that allows only pure digital currency transactions in form of digital-currency to digital-currency trades. This reinforces the claim that the users can only make transactions through cryptocurrencies.

With Poloniex, the fee structure works in a form different from the others; depending upon the trading volume of the user in 30 days, the charge levied is lower when the amount of trade is higher. The trading fees of this exchange amounts to 0.25% and thereby can prove profitable than the majority of platforms active in the market for the time being. Poloniex also has an invariably low fee for a maker that is a total of 0.15% of the total trade conducted. Therefore, the fee structure of Poloniex can be relayed as 0.20% for takers, 0.10% for makers and 0.0001 Bitcoins as the withdrawal charge.

Poloniex is a centralized exchange along with some of the platforms mentioned in the above section; this directly means that the exchange has an underlying KYC verification process, but with a catch. As we have already mentioned that Poloniex holds transactions that are entirely based on digital currency, the norms abiding the verification process is not as rigid as the other exchanges.

Thank you for reading and sharing this article. We appreciate you.

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IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

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Crypto Roundup: All Your YouTube Influencers in One Place

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Crypto Roundup

Visit our Crypto Roundup section daily for a dose of all your favorite Crypto YouTube influencers in one place.    

Worried about missing updates from your favorite YouTube crypto influencers?  

Welcome to the Crypto Roundup.  

On this page, we will post a quick summary of the videos from some of the most popular YouTube crypto influencers.

Ivan on Tech  Altcoin Daily

Crypto Zombie Box Mining

Ellio Trades Lark Davis

Data Dash Bitboy Crypto

MMCrypto Chico Crypto

Altcoin Daily

Video title: Bitcoin Will Be OVER $20,000 By Christmas 2020! BIGGEST WEALTH SHIFT OF OUR LIFETIME! Cryptocurrency

Date: 19-Nov-20

  • World’s biggest wealth shift of our lifetime is happening right now and no mainstream media is talking about it, except CNBC.

  • Preston Pysh predicted on August 26th that: “Bitcoin should be reaching its all time high by Christmas.”

  • If you are looking to buy a dip, there may not be one.
  • Ricardo Salinas Pliego, a mexican billionaire, has just revealed that 10% of his liquid assets are into bitcoin.

Lark Davis

Video Title: STOCKS HIT NEW HIGHS! WILL COVID VACCINES LEAD TO MEGA PUMP IN 2021? [Are You Ready?]

Date: 19-Nov-2020

  • Stock markets and bitcoin pumps higher on the news of the second successful covid vaccine.
  • There could be more chances for the new stimulus. Means more inflation, more debt and simultaneously pumps stocks, gold and bitcoin.

Crypto Zombie

Video Title: BITCOIN $18.5k TOP!!?! DON’T BE FOOLED!! HODL FOMO BEGINS!!! $TRILLIONS FLOOD!!

Date: 18-Nov-2020

  • Overall sentiment of Bitcoin has changed drastically from ICO craze in 2017 to a time where people are FOMOing to own more bitcoin.

Ivan on tech 

Video Title: BIG WARNING TO ALL HODLERS!!!!!!!!! DO NOT GET REKT!!! BITCOIN $18,500 REJECTED – NOW WHAT?

Date: 18-Nov-2020

  • Ivan expects bitcoin to shoot past $20K resistance before end of this year, giving it 85% probability

Chico Crypto

Video Title: World’s Most Powerful Turn BULLISH on BITCOIN

Date: 19-Nov-2020

  • All those who hold big bags of Bitcoin will come out of the shadows to talk up the Bitcoin rally, a $20K bitcoin could be on the cards before the end of this year
  • Ethereum mining could act as a big catalyst for Ethereum’s price
  • Big companies like google could play a bigger role in mass adoption of crypto

Let the FOMO begin…

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

Continue Reading

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Lessons from the Veteran HODLERS to the Newbies!

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Lessons in Crypto

For all those who entered the crypto market after the 2017 bull run – here are few lessons from the HODLERS from the last bull run(s).

This is our attempt at making all you newbies aware of the mistakes veteran cryptoers did.

Let’s get started…

Don’t FOMO in to all the hype

FomoIt’s hard not to FOMO in crypto.  The trick is to make sure you don’t lose your shirt in crazy bets.  Always limit your bets to what you are comfortable losing.

The common ways you can become victim of FOMO are:

  • Following your favorite YouTuber without actually doing your own research on the project.
  • Investing into projects at the top.
  • Believing in promises of 100x or 1000x without any substance behind those claims.

HODLing far too long

Remember why you are into crypto – to make the money.

Never fall in love with your crypto, and HODL the tokens even when they are 10x and more.

Have a strategy to take your capital out before you become a HODLer.  

If you believe the project really has what it takes to go beyond 100x and more, just sell in instalments so as to not miss the ride.

One of the best ways to HODL is to take your capital in full and profit in tranches.

This rekt story will give you a right perspective of what it looks like, it’s one of many:

Don’t put all your eggs in one basket

Never go all in on one project. No matter how strong the project may look, even the projects with strong fundamentals don’t do well sometimes. 

And, you will be kicking yourself watching other projects go up and your portfolio just doesn’t seem to make a move.

And don’t over do it and have a portfolio with over 100 projects either. It is very difficult not to have invested in more than 15 projects but anything less than 20 is a good way to go, in our opinion. 

Put aside the share of Profits for Taxes.

One way you can get a good night’s sleep is by paying taxes. 

Always keep a habit of putting aside a % of your profits in USDT or other stable coins, as a reserve to take advantage of market volatility and also to meet your tax obligations. 

Exchanges are more evil during bull run

Foreign ExchangesDon’t trust exchanges. Yes we already know that, but they play more games during bullrun, some intentional and some technical. 

Many exchanges tend to go under maintenance when the prices shoot up too high too soon (Coinbase?), and you can’t sell. 

And the shady exchanges scam out before you know.

Regulators seem interested when the market cap of these projects goes through the roof, which then adds FUD around the project crashing the prices.  

Exchange may freeze funds pending investigations when such issues arise.

Take for example OKEx. Users are unable to withdraw their assets from the exchange for almost a month now, not certain if they ever will, and all that started with the legal dispute.

Never fall for Arbitrage gains

Arbitrage is when you buy in one exchange at a lower rate and sell on the other for a higher rate to take some profits. 

Some shady exchanges show a lot higher prices than the other genuine exchanges and when you deposit your assets to sell at those prices there won’t be actual volume to execute the trade. You may be stuck with either a high fee for withdrawal or other funky rules to take your own money out. 

Remember, there is no free Giveaway

Free CryptoScammers rise with the rising market.  

When the crypto market buzzes with all time highs – scammers cash in big time on newbies.

The most lucrative scam in crypto is ‘Free Giveaway’. Whether it be through YouYube ads or discussion groups and wherever they can get your attention.  Read this article on various sophisticated scams that are being deployed.

We hope these lessons help you through your trades and crypto life.  Stay safe and always DYOR.

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

 

Continue Reading

CryptoSpace

Crypto Roundup: All Your YouTube Influencers in One Place

Published

on

crypto news

Visit our Crypto Roundup section daily for a dose of all your favorite Crypto YouTube influencers in one place.    

Worried about missing updates from your favorite YouTube crypto influencers?  

Welcome to the Crypto Roundup.  

On this page, we will post a quick summary of the videos from some of the most popular YouTube crypto influencers.

Ivan on Tech  Altcoin Daily

Crypto Zombie Box Mining

Ellio Trades Lark Davis

Data Dash Bitboy Crypto

MMCrypto Chico Crypto

Altcoin Daily

Video title: The United States Just Brought Bitcoin into the National Conversation!! | Cryptocurrency in 2021

Date: 16-Nov-20

  • Former National Treasurer and the new US Senator Elected, Cynthia Lummis, said Bitcoin fits the bill as a good store of value as it is finite and limited, unlike the inflationary fiat currency.

  • Grayscale adds over 7000 more bitcoin in just the last 24 hours.
  • Just over 16% ETH staked for ETH 2.0 launch on Dec 2 2020.
  • Bitcoin Cash hard fork takes place tomorrow.

Crypto Zombie

Video Title: WARNING!!! BITCOIN 2017 BEAR FRACTAL RETURNS!!! BTC WORST CASE SCENARIO…

Date: 14-Nov-2020

  • Institutional money starts flowing into bitcoin.

  • Paypal goes live with its crypto trading platform for eligible customers. They have also raised the buying limits from the initially set $10,000 to $20,000 per week.
  • DIA, an DeFI Oracle provider, integrates with Polkadot.

Ivan on tech 

Video Title: BITCOIN WILL DO SOMETHING INSANE THIS WEEK!!!! -30% DUMP AHEAD vs $20,000 PARTY – Programmer

Date: 16-Nov-2020

  • Bitcoin could make a big move this week, either hit 20K or we may see a 20% to 30% drop
  • Chainlink partners with Etherisc to deliver agricultural insurance in Kenya.

Ellio Trades

Video Title: UNLOCKING $100 TRILLION? This low cap gem seeks to bridge CeFi and DeFi

Date: 15-Nov-2020

  • DeFI could be similar to the ICO craze in 2017
  • Low cap gem: AllianceBlock
  • AllianceBlock is bridging the gap between DeFi and CeFi
  • AllianceBlock Partnership with Orion Protocol and Chainlink.

Chico Crypto

Video Title: WARNING! An “EVIL” Entity Wants Control of BITCOIN…

Date: 15-Nov-2020

https://www.youtube.com/watch?v=45Ac-5y2ofg

  • 90% of Bitcoin’s mining pools are controlled by China based mining pools
  • As the value of bitcoin goes up – there is a threat of push to ‘control’ the network from China
  • Binance is looking to push through the 50% mining share and Chico believes this could be dangerous

Visit our Crypto Roundup section daily for a dose of all your favorite Crypto YouTube influencers in one place. 

Thank you for reading and sharing this article. We appreciate you.

Stay safe and healthy!

Top 5 Cryptocurrencies 2020

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

Continue Reading

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