Bitcoin

Bitcoin looks set for a fall as a surging U.S. dollar sparks suspicion based on an equally grim macro picture.

Users of the DeFi protocols will receive liquidity mining incentives in the form of…

The post $180M scheme launched to bring Aave and Curve to Avalanche appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Coinlist.me.

Bears betting on a fresh Bitcoin price capitulation may get definitively burned this time, argues Rekt Capital.

Bitcoin’s steady climb toward new highs is bringing about the usual breakout from legacy altcoins like LTC, BCH and XLM.

Launched in cooperation with ByteTree, the new BOLD ETP by 21Shares comprises 18.5% of BTC and 81.5% of gold at launch.

It’s a classic euphoria setup on Bitcoin markets Thursday as traders flip long BTC in ever larger numbers.

This year has arguably been the strangest and most unpredictable in recent history. The…

The post 5 Booming Cryptocurrencies appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Coinlist.me.

Cardano's native token ADA is currently trading over 66% below its all-time high set…

The post ADA sinks below $1.00 after market sell-off knocks off accrued gains appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Cointext.com.

BTC price fell below $38,000 as tech stocks sold off and traders watched cautiously to see if Bitcoin can hold its “macro-level support” zone.

Hackers are increasingly targeting cryptocurrency investors, with hundreds of millions of dollars lost to…

The post At least 6,000 Coinbase accounts were compromised appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Coinlist.me.

AXS, CVP and POLS lead altcoins higher while Bitcoin bulls search for a way to reclaim the $50,000 level.

Metaverse experiences such as Decentraland, The Sandbox and many others are evolving as venues…

The post Best 5 Ways to Make Money in the Metaverse appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Cointext.com.

The African exchange, which opened in October 2018, will close all trading services by…

The post Binance Uganda to close on November the 11th appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Coinlist.me.

Bid and ask levels are flipping bullish as BTC/USD heads towards $60,000, data shows.

The Bitcoin 2022 conference kicks off today in Miami, and this year’s centerpiece is Rootstock’s new NFT collectibles. According to the Rootstock (RSK) team, it will debut its Carnaval NFT collection, which will be the first-ever launch of an NFT collection on the Bitcoin (BTC) blockchain – the world’s leading cryptocurrency. Rootstock and The Carnaval [...]

The post Bitcoin 2022 Spotlight: Rootstock Launches Carnival NFTs On Bitcoin Blockchain appeared first on Blockonomi.

Bitcoin has never managed a weekly close above $60,000, and failing to do so again risks a reversal downhill, a new warning says.

Hash rate, supply shock and U.S. credit risk are likely the causes for the BTC rally.

Mounting concerns about the state of the global economy and traders' risk-off sentiment continue to weigh on Bitcoin price.

BTC is up almost 50% this year overall, brushing aside corrections and increasingly decoupling from the macro environment in Q4.

Historical data calculates Bitcoin‘s next 10x price surge only in two years‘ time, but analyst Peter Brandt is not convinced.

$820 million in BTC options expire on Oct. 15, and data signals that bulls are set to celebrate another positive week.

Collateral gains are the only signs of joy for short-term crypto traders on April 4 as Bitcoin and most major assets stay flat.

Investors are hodling into all-time highs this time, not selling, as was the case toward the end of Q1.

The latest relief rally, which began April 25, fizzles less than a day later, while Dogecoin continues its bullish vibe.

The majority of traders expect fresh Bitcoin price losses after a difficult end to the week, data suggests.

A day of gains looks increasingly in jeopardy as shaky support levels provide fertile ground for fresh volatility.

Markets took a turn for the better after BTC reclaimed $40,000, and the excitement over Elon Musk buying Twitter translated to a 20% pump for DOGE price.

Bitcoin is trading below $42k for the first time in almost three weeks Altcoins…

The post Bitcoin loses support above $42,000 as crypto markets turn red appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Cointext.com.

Market analyst Credible Crypto has set forth that CME gap filling isn't guaranteed The…

The post Bitcoin may head to $45k – $47k without CME gap filling, crypto analyst suggests appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Cointext.com.

The firm uses a sustainable energy source by converting waste coal into power to mine Bitcoin.

BTC price took a sharp tumble below a key support level, but data shows April 6’s dip could be another buying opportunity for bulls.

Bitcoin's futures markets premium and options risk gauge show no signs of excessive leverage or FOMO from traders — yet.

BTC’s price broke out of its multi-month long range, securing a daily close above $50,000 and prompting traders to extend their short-term target to $56,000.

AXS, LUNA and a handful of altcoins rallied to new highs shortly after Bitcoin’s price rallied to $49,200.

As the U.S. dollar challenges March 2020 highs, all bets are off when it comes to fresh Bitcoin price strength.

The U.S. dollar currency index breaks through resistance to hit its highest level since 2002 — to the detriment of practically everything.

Two moving averages warn of a bear market-style price floor in the making, says analysis one month after Bitcoin’s weekly chart “death cross.”

Smaller Bitcoin entities are rapidly adding to their BTC stash, but this has preceded price tops in times gone by.

Macro-induced mayhem costs Bitcoin bulls dearly as Ethereum also loses key $3,000 support.

MicroStrategy reveals a fresh BTC buy, but Bitcoin price action is still being held captive by the 200-day moving average.

Bitcoin climbed above $47,200 late on Sunday and continued hovering around this range in…

The post Bitcoin retreats below $47k after closing in on its yearly high appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Cointext.com.

It’s full bull all over again as $56,000 and a trillion-dollar market cap become the focus again for Bitcoin bulls.

No one seems very interested in Bitcoin despite BTC/USD being barely 15% from all-time highs.

Little market celebration accompanies the start of the Bitcoin 2022 conference as macro fears seep into sentiment.

The cryptocurrency market has been rallying since the start of the month and has…

The post Bitcoin sets a new all-time high above $67,000 appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Cointext.com.

It’s touch and go as to whether BTC can avoid its first four weekly candles in the red since June 2020.

All is not going to plan for bulls, warnings say, as $44,000 support hangs in the balance.

Dogecoin reaps the benefits of rumors that plans for Musk to buy Twitter outright are in their final stages.

Markets are anything but calm on Tuesday as bulls grapple for control of significant price points.

Transition to green Bitcoin mining will not only mitigate environmental impact but will also…

The post Bitcoin will be 100% green by 2030 says Hass McCook appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Cointext.com.

The bullish analogy appears as Bitcoin reserves across all the crypto exchanges fall to their lowest in the previous 12 months, suggesting holding sentiment among traders.

The cryptocurrency market has continued its excellent start to the fourth quarter of the…

The post Bitcoin’s market cap tops $1 trillion again as BTC aims for $55k appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Coinlist.me.

Developing economies are more affected by issues related to remittances and inflation, BitMEX’s CEO said.

Blockchain.com, a crypto/bitcoin wallet and exchange company, announced today the official launch of margin trading on the Blockchain.com Exchange. Margin trading is currently supported for Gold-verified users and is not currently available for users in the US, UK, Canada, Japan, Germany, Austria, Italy, France, The Netherlands, and other select countries. For now, the margin trading product […]

The post Blockchain.com Exchange launches BTC/USD margin trading with 5x leverage appeared first on CryptoNinjas.

The $45 million Series A round was completed in the fourth quarter of last…

The post Boba Network to prioritise Ethereum’s computational constraints with a $45M funding appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Cointext.com.

A day of consolidation ends in fresh bullishness for Bitcoin price action, which continues to close in on final resistance below all-time highs.

Bitcoin price action beats last week’s local high to edge ever closer into final resistance before all-time highs of $64,500.

Bitcoin bulls buy up every dip as peak after peak falls to the widely anticipated Q4 bull run finale.

The yearly open stays in focus as support as Bitcoin bulls hope for a trip to $50,000 this week.

Bybit, a global cryptocurrency exchange that has seen extensive growth over the past few…

The post Bybit announces 2 notable updates: completion of Arbitrum integration, funds BitDAO with $134M appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Cointext.com.

Market participants sit back as BTC price action focuses on levels just $300 below last week‘s close.

The downside does not last long with an abrupt return to form taking Bitcoin price action back to mid-May levels.

The American Bitcoin mining outfit plans to acquire a total of 28,000 to 56,000 next-generation mining rigs.

Traders wound up their long Bitcoin derivatives contracts ahead of the October price rally, ignoring solid on-chain fundamentals.

Open Interest surged to $3.22 billion on. Oct. 14 to levels not seen since February.

Coinbase has grabbed the attention of regulators in recent weeks, but it has also…

The post Coinbase signs a $1.36M contract with the US Homeland Security appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Coinlist.me.

Cryptocurrencies have gained significant traction since entering the scene in 2009 with the launch of the Bitcoin network. The asset class is currently valued at a staggering $2 trillion thanks to the institutional and retail investors flooding into the space.

While there are several methods for crypto traders to get exposure to crypto assets with a wide range of custody options available, cryptocurrency exchanges are the most likely way to explore the nascent markets.

CoinJar is an Australian-based cryptocurrency exchange that was established in 2013. It's one of the oldest crypto exchanges that lets trading in digital assets through a beginner-friendly platform. Although initially targeting novices in crypto, the exchange now offers advanced trading features, such as charting software and different order types, to expert cryptocurrency traders. The exchange can be used to buy and sell digital currency on both desktop and mobile devices, and CoinJar users can top up accounts using a credit or debit card or bank transfer. CoinJar’s simplicity, efficiency, competitive fees, military-grade security measures, etc., make it one of the best crypto exchanges for Aussie or UK beginners.

Read on to learn everything you need to know about the CoinJar exchange, deposit methods, fees, supported digital currencies, etc.

Let's jump right in!

What Is CoinJar

CoinJar is one of the known Australian exchanges owned and run by CoinJar Australia Pty Ltd that mainly focuses on the Australian local crypto market and investors. Launched in 2013 by Asher Tan and Ryan Zhou with backing from reputable VC firms, CoinJar is one of the oldest cryptocurrency exchanges in the world. The cryptocurrency exchange is backed by Blackbird Ventures, Digital Currency Group, and Blackbird Ventures.

Since its launch, CoinJar has garnered over 400,000 registered CoinJar users, with more than $1.5 billion traded in digital currencies.

The exchange offers an easy-to-use interface to buy, sell, store, and spend digital currency and innovative products like the crypto debit card, crypto EFTPOS card, CoinJar Bundles, a secure CoinJar wallet application, etc.

CoinJar Features

Now, let's look into CoinJar's core features to help you get started!

Signing Up

To get started with CoinJar, follow these easy steps: 

• Go to the CoinJar website and click on the ‘Sign Up’ button.
• Input your name, email address, etc., and select a strong password.
• Read the terms and conditions, click on ‘Accept,’ then ‘Sign Up.’
• Complete the sign-up process by clicking the verification link sent to your email.

After completing the seamless sign-up process, you'll have to select a CoinJar username and a profile picture and insert your mobile number. However, to enjoy the full offering, users are expected to be ID-verified through an automated process that takes less than 10 minutes. Here’s how to get verified to access the wide range of features on the CoinJar platform:

1. Log in to your digital currency account and click the ‘Get Verified Now’ button.
2. Choose between an individual or corporate entity.
3. Select ‘Verify With Digital ID’ and upload a state-issued ID document.
4. Fill in the required details as contained in the ID, confirm the details, and hit the submit button.

Finally, CoinJar requires your selfie to complete your identity verification.

Congratulations! With your account verified, you can now deposit fiat currency, make Visa and Mastercard deposits, buy and sell cryptocurrencies, etc.

CoinJar Debit Card

The CoinJar card works just like other debit cards, with the only exception that it's a crypto debit card. It's powered by Mastercard, and card owners can pay for goods and services while earning rewards on every spend. For every AUD 1 spent via the CoinJar swipe card, users receive 100 CoinJar reward points that are instantly redeemable and can be used to pay for other expenses.

There are no transaction fees, monthly fees, or activation charges with the CoinJar card. Also, there are no loading fees charged for AUD transactions, EFTPOS purchases, or withdrawals with the CoinJar debit card. The loading fee for crypto coins is levied like regular CoinJar exchange fees.

The CoinJar card can be controlled digitally from your device or operated physically by using it at any outlets where Mastercard is accepted. In-store, online purchases and ATM withdrawals attract a fee of 1%.

OTC Trades

CoinJar allows individuals and business entities to make over-the-counter, off-exchange trades for transactions that exceed AUD 50,000.

CoinJar says its services offer "ultra-competitive rates and liquidity" across cryptocurrencies, including Bitcoin, Ethereum, Ripple, and Litecoin.

Concerned about privacy? CoinJar’s OTC offering allows users to fill transactions via private communication channels without compromising security discreetly.

CoinJar Bundles 

CoinJar Bundles is a feature that includes a collection of popular digital currencies that you may purchase as a whole in one transaction. It's a unique feature beneficial to crypto traders interested in passive portfolio diversification.

CoinJar offers a collection of bundles, including the largest cryptocurrencies by market cap, stablecoins, ERC-20 tokens, etc. As part of the CoinJar Bundle offering, users have the option to choose between a proportional or a cap-adjusted allocation.

Bundles can be emptied at zero cost at any time, with funds moving back to CoinJar. The Bundles feature allows you to set up a direct debit to automatically send money from your linked bank account at regular intervals into any CoinJar Bundles using the Dollar Cost Averaging method.

CoinJar Exchange

CoinJar offers an advanced cryptocurrency trading platform that provides "high-frequency, low-latency execution for experienced traders." It provides a high degree of control for trading assets, letting users set order prices and take advantage of lower trading fees. A trading API is also provided to allow for accounts management as part of the offering.

Security

CoinJar is one of the most secure cryptocurrency exchanges and implements a range of security measures to keep user funds and personal information safe. Some of the many strategies employed include high-level data encryption, Transport Layer Security, periodic security audits, and best practice organization security. It also uses various advanced machine learning techniques (MLTs) to recognize suspicious logins, financial fraud, and account takeovers. At least 90% of customers' digital currencies are stored offline in geographically-redundant, secure locations.

CoinJar leverages Amazon Web Services as its infrastructure base and uses firewalls to protect internal networks. It's also registered with AUSTRAC (Australian Transaction Reports and Analysis Centre) to combat money laundering and financing of terrorism.

Two-factor authentication works by receiving SMS on your mobile app when CoinJar requires authentication.

Taking this up a notch, all potential staff are scrutinized for any links to criminal activity. All CoinJar employees are required to use cryptographically-secure Multi-Factor Authentication such as hardware U2F keys to access internal services.

CoinJar hasn't suffered any major exploits since its launch in 2013.

Customer Support 

CoinJar provides 24/7 customer support to users to resolve issues or any queries they might have in using the platform. The support takes the form of LiveChat, email, and even phone calls. A drawback to the phone call feature is that it's only available to registered users in Australia from Mondays through Fridays between the hours of 9:am till 5:00 pm (Melbourne time).

You can also browse CoinJar's FAQ information covering the basics of using the platform. Additionally, you can search for a keyword on CoinJar's Knowledge Base or submit a Support request.

Deposits

Registered users can use the following payment methods to deposit Australian dollars to their CoinJar wallet:

• PayId/NPP: This instant payment method allows users to send funds for free using the PayID payment system from any supported Australian bank account. PayID systems are supported by NPP and Osko® 24/7.
• Blueshyft: This is another free payment gateway that allows registered users to buy crypto on the CoinJar platform with cash deposits.
• BPAY: Similar to regular bank transfers, BPAY allows you to send funds to your CoinJar from your online banking. It usually takes between 1-3 business days.

Before making deposits, it's essential to ensure that your identity verification has been completed and that the bank account with the funds is in your legal name.  The absence of these prerequisites might lead to the return of deposits.

Users can also fund their accounts using cryptocurrencies at zero cost or credit/debit cards. This deposit process time will depend on the crypto coin you are sending but should appear in your account after approximately 15-20 minutes.

Supported Cryptocurrencies

CoinJar supports up to 40 cryptocurrencies, including the top assets by market capitalization, i.e., BTC, ETH, LTC, XRP, XLM, ALGO, and EOS, and a range of ERC-20 tokens. 

It also supports stablecoins such as USD Coin, Dai, Tether USD, and TerraUSD. Other supported tokens include Aave, GraphToken, Polygon, Basic Attention Token, and Axie Infinity, amongst others.

Despite the expansive offering, Wrapped BTC is unavailable in CoinJar Bundles, and the platform warns that sending unsupported cryptocurrency to CoinJar risks being permanently lost.

All supported cryptocurrencies can be traded against Bitcoin (BTC), Australian dollars, and British pounds.  

CoinJar Fees

CoinJar doesn't charge deposit fees for BPAY, NPP, direct debit deposits, or cryptocurrency deposits. However, deposits made through Instant Buy (Visa and Mastercard) and Blueshyft cash deposits attract deposit fees of 2% and 1.5%, respectively.

In terms of CoinJar withdrawal fees, a digital currency account to BPAY Biller has a 0.5% fee. CoinJar charges zero fees to withdraw AUD from your account to your Australian bank account. There is a dynamic fee structure for sending Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies. The dynamic fee is automatically calculated when the transaction is initiated and takes into account the blockchain congestion level.

There is a 1% conversion fee between digital currency accounts or between digital currency accounts and cash accounts. Cryptocurrencies like LTC, XRP, XLM, ALGO, and EOS don't incur any transaction fees.

Sending cryptocurrencies between CoinJar accounts doesn't require any fees if sent using CoinJar usernames. It's important to note that if you have accumulated CoinJar Points, you can use them to pay the associated fees.

Linking CoinJar Account to CoinStats

Here's how to link your CoinJar account to CoinStats to manage all your cryptocurrency and DeFi portfolios from one place:

1. Log into your CoinJar account.
2. Select the API keys from the dropdown menu at the top right.
3. Click ‘Create New Key’ and select Read-only as permission.
4. After creating the key, copy and paste it into the token section to complete the process.

Now you can track all your assets in one dashboard. CoinStats is a well-rounded crypto portfolio tracker platform with military-grade encryption that allows you to manage your digital assets in one place easily. You only need to enable an API to show all the coins and exchanges on the app’s interface. 

Currently, you can access CoinStats through desktop, tablets, mobile – android, and iOS, and there is also a version for the Apple watch. 

Closing Thoughts

The Coinjar wallet, with all the offered features, seems to be well suited to Australian beginner traders. The fees for crypto-to-crypto trading are below the global industry average and provide Coinjar with a significant competitive edge. Fiat-crypto trading is allowed on the platform, making CoinJar an entry-level exchange.

Another advantage is that you can be rewarded with CoinJar Reward Points, which can be redeemed for exclusive discounts, gift cards, a fee-free currency exchange, etc., in the CoinJar Rewards Store.

Nevertheless, for a trader outside Australia, some features are still missing. According to the information on the exchange, CoinJar has traded over $1.5 billion in volume, but this figure pales in comparison to the metrics of other cryptocurrency exchanges. The figure suggests that the exchange’s liquidity is not as robust as its rivals', with billions of dollars in daily trading volumes. The absence of liquidity might result from the exchange’s regional outlook, being heavily focused on the Australian markets.

Also, with only a limited number of supported cryptocurrencies on the platform, users don't have access to popular cryptocurrencies like Dogecoin and Shiba Inu.

If you are researching other crypto exchanges and looking for CoinJar alternatives, you should consider several Australian exchanges with similar features.

A descending triangle breakdown coupled with XRP's correlation with Bitcoin can put downward pressure on price.

GENERAL BYTES, one of the largest bitcoin and cryptocurrency ATM manufacturers, recently announced it has upgraded the BATMTwo, its most popular ATM model, with a permanent screen upgrade. The 7-inch touch screen is now a 10-inch screen, and all newly ordered BATMTwo ATMs will ship with this more ergonomic touchscreen. The new 10″ screen on […]

The post Crypto ATM company GENERAL BYTES upgrades popular model with new 10″ touchscreen appeared first on CryptoNinjas.

For the second time in two weeks, Bitcoin has fallen below $40k, this time…

The post Crypto market sees red ahead of weekend – Bitcoin and Ether down more than 7.50% on the day appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Cointext.com.

Pre-COVID, cryptocurrency was still a relatively unknown commodity in mainstream circles and to average…

The post Deloitte 2021 Global Blockchain Survey: 76% of respondents believe digital assets are a strong alternative to, or outright replacement for, fiat currencies appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Cointext.com.

The DOGE may have had its day, and social media is busy poking fun at Bitcoin skeptic Mark Cuban.

Bitcoin has dropped below the $60k level for the first time in over a…

The post El Salvador buys additional 420 bitcoins as price dips appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Cointext.com.

Salvadoran President Nayib Bukele said no Bitcoin will be sold to fund the investment, with the state instead drawing USD from its Bitcoin trust.

El Salvador is the most progressive cryptocurrency in the world at the moment after…

The post El Salvador to use surplus Bitcoin Trust funds to build 20 schools appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Cointext.com.

Tesla’s Bitcoin stash is now worth $1 billion more than when Elon Musk approved the purchase in February.

Bitcoin, the oldest and largest cryptocurrency, has been going through a rollercoaster ride ever since the beginning of 2021. At one point, the bull run led bitcoin to cross all barriers and reach its all-time high price of $65K. But then it plunged to a low of $30K in just 30 days. Amidst all this […]

The post End Of The Bitcoin Bull Run: Will BTC Cross $100K Ever? appeared first on AirdropAlert.

A late Sunday upward momentum has pushed the majority of cryptocurrencies in the market…

The post Ether and Solana see $230M in Combined 24-Hr Liquidations as Bitcoin Clears $47,500 appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Cointext.com.

The cryptocurrency market resumed its rally in the past few days, and more gains…

The post Ethereum price analysis: ETH looks to top the $3,400 level again appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Coinlist.me.

The broader cryptocurrency market is starting to recover following a slight decline in prices…

The post Ethereum price analysis: ETH struggling to top the $4,200 level appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Cointext.com.

The cryptocurrency market is correcting at the moment after a huge rally over the…

The post Ethereum price analysis: ETH to defend major support at $3,272 appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Coinlist.me.

The cryptocurrency market is going deeper into bearish territory as Bitcoin and the others…

The post Ethereum price analysis: ETH to defend the $3,128 support level appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Coinlist.me.

The cryptocurrency market cap is above $2.5 trillion as Bitcoin and other cryptocurrencies continue…

The post Ethereum price prediction: ETH looks to top resistance at $3,900 appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Cointext.com.

Altcoins have been underperforming for the past few hours despite Bitcoin breaking the $56k…

The post Ethereum price prediction: Ether risks dropping to the $3,476 pivot appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Coinlist.me.

The European Union “is finished,” Arthur Hayes says, while yield curve control will put the U.S. in a “doom loop.”

The average value and volume of transactions conducted on the BTCM platform increased by 48% and 118% in 2021, with the average daily orders increasing by 42%.

If approved, retirement savers can allocate 20% of their savings portfolio to Bitcoin without the need to open a crypto exchange account.

The cryptocurrency space is worth over $2 trillion, and the number of billionaires in…

The post Forbes list of richest Americans includes 7 crypto billionaires appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Coinlist.me.

On Thursday the cryptocurrency market saw a dip with the global cryptocurrency market cap…

The post Global crypto market cap down 1.75%, top coins drop, as Kadena and MicroPets maintain their bull run appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Cointext.com.

Cathie Wood's investment management firm ARK Invest has laid bold predictions for Bitcoin and…

The post Here is why ARK Invest believes Bitcoin will trade at $1 million by 2030 appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Cointext.com.

Crypto markets analyst Michael van de Poppe has identified crucial $41k support for Bitcoin…

The post Here is why crypto strategist de Poppe believes Bitcoin’s $41k support is crucial appeared first on The Home of Altcoins: All About Crypto, Bitcoin & Altcoins | Cointext.com.

Holding BTC price below $39,000 will give bears a $350 million profit in this week’s $1.9 billion options expiry.

One of the crypto mining stocks delivered more than 1,600% returns year-over-year (YoY) while Bitcoin's gains in the same period came out to be around 290%.

eToro is a leading multi-asset social investment platform, providing financial and copy-trading services globally. It offers a unique social trading feature, letting traders copy the experienced investors' trades or share their own trading strategies to receive exclusive perks.

Launched in 2007, Toro has developed from trades in foreign exchange to commodities, indices, stocks, etc. Today, eToro is a highly competitive cryptocurrency exchange with the crypto trading platform eToroX and a crypto wallet.

Read on to learn everything you need to know about the key features of eToro, its pros and cons, and how to buy cryptocurrency on eToro in a few simple steps.

Let's jump right in!

Introduction to eToro

eToro was founded by Yoni Assia, Ronen Assia, and David Ring in 2007 in Tel Aviv, Israel, with offices in Cyprus, the United Kingdom, the United States, and Australia. Assia is still the company's CEO. 

eToro, the world's leading social investment platform with innovative trading and investment tools, lets millions of users in 140 countries trade currencies, commodities, crypto-assets, stocks, and indices. It offers a USD investment option with mobile and web trading services in 21 languages.

How eToro Works

The eToro trading platform has a straightforward pricing structure and offers a wide selection of digital assets that can be combined in the same account as stock investing. It lets users build a portfolio of cryptocurrencies, commodities, EFTs, CFDs, etc.

eToro offers a user-friendly interface with beginner-friendly tools and extensive capabilities for more experienced traders. Users can trade on the web version or the mobile app once they set up an account.

However, the platform's added features like CopyTrade and user interaction set it apart from its competitors.

How to Buy Crypto on eToro

Users can deposit fiat currency from a debit card or bank account to start trading through eToro's web-based platform and mobile app.

The guidelines below will explain the process of purchasing cryptocurrency on eToro.

Step #1: Signing Up

Go to eToro.com and click "Join Now" to create your eToro account and start investing in cryptocurrency. On the next page, choose an email ID, create a strong password, and fill in your personal information, such as your name, zip code, birthday, and phone number.

You must then verify your account by uploading proof of identity and proof of address.

Step #2: Verification

Upload proof of address and identity to authenticate your account. Your proof of address can be any bill, bank statement, government tax letter, or government-issued social insurance statement. Your proof of identity can be any government-issued ID card or passport that displays your full name, date of birth, and photograph, with a valid expiry date.

The eToro staff will complete the account verification procedure within 24 hours. 

Step #3: Deposit Funds

eToro requires a minimum deposit of $10 when you open a new eToro account. You can pay by credit or debit card (Visa or Mastercard), PayPal, Neteller, Skrill, Rapid Transfer, Klarna, Przelewy 24, POLi, or iDeaL. You can also pay by bank transfer if you deposit at least $500.

Step #4: Create Your Crypto Wallet

You can save your newly purchased coins in your eToro account or move them to a more secure personal wallet. eToro wallet is available for free download for IOS and Android smartphones. To link your eToro crypto wallet to your account, download the app and log in with your eToro credentials.

You can also choose a hardware wallet, also known as cold storage. Hardware wallets are usually considered the most secure wallets to store your digital assets as they offer offline storage, thereby significantly reducing the risk of hacks.

Whichever wallet you choose, always remember to keep your private keys safe and never share them with anyone.

Step #5: Buy Crypto

Look for the search bar towards the top of the screen on eToro's dashboard. Enter the crypto you would like to purchase and click "Trade," or buy it through the "Trade Market" tab. Enter the quantity of crypto you want to buy in USD. When you are ready, click "Open Trade" to make your purchase.

Also Read: How to buy crypto on Webull

How to Sell Crypto on eToro

The selling process is relatively easy. Follow these easy steps to sell your purchased currency from your eToro account.

1. Log in to your eToro account.
2. Select "Portfolio" from the left-hand menu.
3. Select the cryptocurrency you want to sell from your portfolio's list of investments.
4. To close the trade and sell your cryptocurrency, click on the red cross icon at the right of the screen.

The selling process takes place during market hours.

How to Transfer Crypto Assets From eToro Trading Platform to eToro Crypto Wallet

The eToro trading platform is linked to an external wallet via eToro Money, a mobile app available for iOS and Android devices. You need to use the same username and password you use for your trading account for the eToro Money app.

Once you have installed and registered with the eToro Money app, you can withdraw supported crypto assets from there. The option to move crypto to your crypto wallet will show in the eToro trading platform if the transactions meet the transfer conditions.

You will need to go to the portfolio's "Edit Trade" window to transfer coins. Eligible users will have the option to transfer under "Invested."

You can send Bitcoin (BTC), Bitcoin Cash (BHC), Ethereum (ETH), Litecoin (LTC), Stellar Lumens (XLM), Tron, and Ripple (XRP) to your eToro Money crypto wallet.

Users can transfer any amount of crypto to their crypto wallet. However, if you are a new eToro user, your residual equity (total equity minus the transfer amount) must equal or exceed the total deposits made with one or more payment methods. This restriction is determined by your payment method and eToro Club level and is only valid for a fixed number of days after initially depositing to eToro.

Market Risk

The eToro USA LLC investments are subject to market risk, including the possible loss of principal.

Cryptocurrencies' prices can fluctuate by 20% in a single day. As a result, traders and investors may find many opportunities in the asset class, but they must objectively analyze the risks involved in trading rather than blindly follow any investment advice. Also, one must not invest more than one is prepared to lose.

Trading Fees

eToro is free to sign up for and has relatively low fees. There is no eToro deposit fee, and it doesn't take a commission on stocks. Fees may differ depending on your location.

eToro makes its money based on the spread, which is the difference between cryptocurrencies' buy and sell prices.

eToro offers some of the most competitive Bitcoin purchase rates of any major cryptocurrency exchange. While buying Bitcoin or any other cryptocurrency on eToro, you will pay a charge of 1% of your total transaction. eToro doesn't charge extra fees for using a credit or debit card. When you purchase Bitcoin or send Bitcoin from your eToro account to your eToro wallet, you will be charged a $5 transaction fee.

When you buy through eToro, you will only be charged once for each asset, rather than twice when you buy and sell. eToro also charges a $10 inactivity fee per month for accounts that have been inactive for over one year.

Also See: How to buy Bitcoin

Supported Cryptocurrencies

eToro supports more than 40 different crypto assets.

In 2014, eToro added support for BTC, letting users purchase and sell CFDs (to non-U.S. users). Four years later, Ethereum (ETH) and Ripple (XRP) became available on the platform, and more digital assets were added in the following years.

In 2018, the launch of the eToro crypto wallet and eToroX in the US made trading more accessible. The most widely traded crypto assets on eToro are Bitcoin (BTC), Bitcoin Cash (BHC), Cardano (ADA), Dash (DASH), DogeCoin (DOGE), Ethereum (ETH), Litecoin (LTC), Polkadot (DOT), Polygon, Solana (SOL), and Stellar Lumens (XLM).

There's a $25 minimum for buying any cryptocurrency on eToro, but you'll also need to fund your account with at least $50 to get started (this is also the minimum for any deposits you want to make later). There are no fees for withdrawing your funds from your eToro account, but there is a $30 withdrawal minimum.

Trading Platforms

eToro supports mobile and web trading services in 21 languages, including English, French, Spanish, Italian, Chinese, Dutch, Arabic, etc. You can select the preferred language on the web version through settings. 

Designed with beginners in mind, eToro is available for iOS and Android devices and offers the same functionality as a web trader.

Features

eToro's account-opening process is fast and seamless. It provides the following innovative features:

• A social trading platform where users copy other traders' strategies.
• A virtual portfolio that allows you to practice without investing real money.
• An easy process for depositing money.
• A user-friendly and well-designed mobile and web trading platform.

CopyTrader

You can follow or mirror the moves of experienced crypto traders or investors on the platform to help you make trading decisions. Click on a successful trader's profile and click "copy" when that person trades. 

The cost of copying a user's trades is $200, and users can track up to 100 traders simultaneously. Users can access millions of other traders' portfolios, metrics, and risk scores even if they're not using the CopyTrader. While they have complete access to all public profiles worldwide, US clients can only copy other US users.

Despite the availability of the option, you need to remember that the past performance of a trader is not an indication of future results.

Security

eToro takes account safety very seriously - it employs cutting-edge security technologies for top-notch protection of your assets and personal data.

To protect users' funds, eToro uses warm storage and cold storage. Warm storage is the online wallet, while cold storage is the physical hardware where eToro stores crypto offline, protecting it from hackers. No one at eToro has the authority to transfer cryptocurrency from the cold storage system.

Furthermore, eToro employs cutting-edge monitoring systems to detect and prevent frauds like money laundering and duplicate spending.

To protect your eToro account and your personal and financial information (e.g., login attempts), eToro uses advanced encryption, masking methods, and rate-limiting on account operations. You can also use the two-factor authentication (2FA) feature to add an extra degree of security to your account.

Regulation

eToro is a regulated trading platform with operations in London, Tel Aviv, Israel, and Cyprus operations. It adheres to the legal and regulatory requirements put forth by leading regulatory organizations like: 

• The Financial Industry Regulatory Authority (FINRA) and Financial Crimes Enforcement Network (FinCEN) for eToro USA LLC. eToro USA Securities Inc is a FINRA member.
• The Financial Conduct Authority (FCA) in the UK.
• The Cyprus Securities and Exchange Commission (CySEC) in the European Union.
• The Australian Securities and Investments Commission (ASIC) in Australia. eToro Australia may function as the principal and hence issuer of the financial product or as your agent, depending on the financial instrument you choose

Virtual Portfolio

eToro offers a free $100,000 virtual portfolio for you to try all of its trading platform features before investing real money. It lets you get a taste of cryptocurrency's volatility and understand the risks involved in trading before committing.

Copy Portfolio

You can invest in one of four crypto portfolios designed by eToro and regularly rebalanced: Crypto Portfolio Copy Portfolio, CryptoCurrency Copy Portfolio, Crypto Equal Copy Portfolio, Crypto Takeover Copy Portfolio, in addition to buying and trading specific cryptocurrencies.

Investing in these portfolios involves a risk because you need to invest in crypto other than Bitcoin and Ethereum, with a considerable investment of $2,000-$5,000. These high minimums can impede many investors, especially newcomers because experts recommend only spending 5% or less of your whole portfolio on cryptocurrency.

Insurance

eToro provides free insurance from Lloyd's of London with coverage of up to 1 million euros, pounds (GBP), or Australian dollars (AUD). All eToro customers are protected with no need for a special registration. The insurance covers cash, all CFD positions, and securities. 

Note that the insurance doesn't cover crypto-asset parts.

User Interaction

Content on eToro's social trading platform is generated by members of the collaborative trading community eToro. You can connect with investors on eToro and learn from them by commenting on their articles, interacting with them, and copying their investment methods and portfolios.

But remember that these investors give investment advice based on their experience, and investing entails risk, so don't follow them blindly — conduct your independent research first, then invest.

You can also use the CoinStats crypto portfolio tracker to track the progress of all your crypto assets from one place.

eToro Pros

eToro has an active community and is an excellent choice for cryptocurrency trading. With unique features, eToro provides real-time insights and tiered membership options for advanced users.

• CopyTrader, letting users copy trading done by other investors.
• Straightforward fee structure.
• Offers educational materials in multiple formats - written instructions, videos, webinars, podcasts, and in-person and online training courses are available through eToro academy.
• Desktop and mobile trading options. It's even easier with the user-friendly app letting you trade on the go from anywhere, at any time.
• eToro practice account. You can try all features on eToro's trading platform risk-free with $100000 in a virtual portfolio before investing real money.
• Easy to register with low account funding requirements in most countries.
• Regulated by top-tier financial agencies such as the FCA (Financial Conduct Authority), ASIC (Australian Securities and Investments Commission), and CySEC (Cyprus Securities and Exchange Commission).

eToro Cons

Despite offering many advantages, eToro has a few drawbacks as well. From providing limited services and charging higher spreads than other cryptocurrency exchanges to its below-average customer service.

• Not available in all states. It's confined to only 43 US states. Limited service is a significant drawback as you can't trade crypto using eToro if you don't belong to a state where eToro functions.
• Spreads for some alternative cryptocurrencies can be substantially higher, ranging from 1.9 -to 5%. (However, eToro's spread is not too bad if you sell or purchase Bitcoin.)
• In the US, there is no direct crypto-to-crypto trade for Bitcoin, Litecoin, Bitcoin Cash, Ethereum, and Litecoin (LTC).
• Customer service is mainly available via web-based tickets and might take a while. The live chat is only available for Club members.
• High non-trading fees -$10 per month after one year of inactivity.

Frequently Asked Questions

Why Choose eToro

When it comes to crypto trading, eToro is a fantastic option. The UI is simple, with unique features that make trading straightforward, hassle-free, and secure.

Is Money Safe on eToro

eToro is entirely secure; it uses two-factor authentication (2fA), powerful SSL encryption, and masking techniques to protect your account.

It's regulated by top-tier financial regulators such as the FCA, ASIC, and CySEC and insures users' funds.

However, don't disclose any personal information or your login credentials, and always look for security signs on your browser.

What Methods Can Be Used to Buy Crypto

The exchange offers the option to buy crypto with a debit card, credit card, or bank transfer. If you don't want to use these methods, you can opt for PayPal, Skrill, Neteller, Rapid Transfer, Klarna, Przelewy 24, POLi, and iDeaL.

Which Cryptocurrency Does eToro Support

eToro supports almost 40+ world's popular cryptocurrencies, including Bitcoin ((BTC), Ethereum (ETH), Cardano (ADH), Bitcoin Cash (BHC), Stellar Lumens (XLM), etc.

What Are Spreads

Each product on the platform has two prices: a buy and a sell price. Spread is the difference in price between these two options.

Selling an asset is often known as "short selling," either entering into a contract with a broker or simply investing in an asset that you predict will decrease value.

Buying an asset is called "BUY" on the eToro platform; it suggests investing in something you think will grow in value.

Conclusion

With innovative investment tools and a collaborative trading community, eToro empowers millions of users in over 140 countries to quickly and securely trade and invest in cryptocurrencies, commodities, stocks, etc.

eToro makes buying cryptocurrency trading easy and fulfilling, with more than 40 cryptocurrencies to choose from. The account opening process is swift and straightforward.

eToro provides several unique features, such as social trading, letting you copy other traders to help you get started. It also offers a mobile version, allowing you to trade anytime and anywhere. It provides insurance, a virtual portfolio to test the waters before plunging in, and some of the lowest fees to buy Bitcoin.

However, you should remember that cryptocurrency trading is highly risky, so do your research before investing. References to the earlier performance of a financial instrument, index, or packaged investment product should not be considered reliable indicators of future results.

You can also visit our CoinStats blog to learn more about wallets, cryptocurrency exchanges, portfolio trackers, tokens, etc., and explore our in-depth guides on buying various cryptocurrencies, such as How to Buy Bitcoin, What Is DeFi, How to Buy cryptocurrency, etc.

Investment Advice Disclaimer: This information is for educational purposes only and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. CoinStats makes no representation and assumes no liability as to the accuracy or completeness of the content of this guide. Make sure you understand the risks involved in trading before committing any capital. Never risk more than you are prepared to lose.

This material has been prepared without regard to any particular investment objectives or financial situation and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past performance of a financial instrument, index, or a packaged investment product are not and should not be taken as a reliable indicator of future results.

The FTX Exchange ranks among the world's most prominent centralized cryptocurrency exchanges and the top five crypto derivatives exchanges in terms of daily trading volume. The FTX cryptocurrency derivatives exchange has its own native token FTX and offers competitive trading fees, innovative features like derivatives, options, OTC trading, futures trading, leveraged tokens, and more than 300 cryptocurrencies.

The FTX token has several use cases in the FTX ecosystem and is designed to increase network effects and demand for FTT and decrease its circulating supply.

Read on to learn everything you need to know about the FTX ecosystem and how to buy FTX token in a few simple steps.

Let's dive right in!

What Is FTX

FTX is a cryptocurrency derivatives exchange based in the Bahamas. Sam Bankman-Fried and Gary Wang founded the FTX cryptocurrency exchange in 2019.

The FTX marketplace provides many advanced options to skilled investors and commercial trading organizations and also simple spot trading for newbies to the crypto industry. The FTX platform is an extensive international FTX crypto derivatives exchange, offering a wide range of cryptocurrencies, leveraged tokens, and derivatives services such as spot, futures, over-the-counter (OTC), prediction market trading, etc. Residents of the US have limited access to FTX due to strict regulations; however, they can access the US division of the international FTX exchange FTX.US, which has limited offerings compared to the global platform.

The FTX derivatives exchange aims to fix the issue of forced liquidation that most leveraged trading platforms have. It deploys a backstop liquidity program to detect when a user has dropped below the maintenance margin and sends volume-limited liquidation orders to close down positions that drop below the maintenance margin.

As of writing, the FTX exchange has a seven-day trading volume of 11.1 billion USD, according to data from CoinStats.

What Is FTX Token

The FTX derivatives exchange has its own native token with the ticker FTT, which is an ERC-20 token on the Ethereum blockchain.

FTX token (FTT) holders get a discount on the trading fees and can use FTT as collateral for future positions. Active traders on the FTX exchange can get a percentage difference as high as 60%. In addition, using FTT comes with insurance protection, which enables traders to continue trading during volatile markets without triggering margin calls. FTT can be used to create leveraged tokens, and the insurance is beneficial when using leveraged tokens where profits and losses are multiplied according to the leverage.

Users can stake FTT tokens to validate a transaction. Staking FTT comes with many benefits, such as getting additional rebates and spinning the non-fungible swag wheel to win a free NFT. Other benefits include increased airdrop rewards, bonus votes, and IEO tickets.

The FTX token (FTT) attained an all-time high of USD 79.68 on 9th September 2021, and the price dropped significantly afterward, in line with the entire crypto market, due to global uncertainties and inflation.

Now that you know everything about the FTX derivatives exchange and the FTX token let's get into how to buy FTX token (FTT). The best place to buy the FTX token is the FTX cryptocurrency exchange, as it offers multiple incentives to investors; however, it's not available in all countries.

So let's first look into buying FTX token (FTT) on the FTX exchange and then get into other popular exchanges such as Binance, Coinbase, etc. 

Buy FTX Token (FTT) on FTX Exchange

The FTX platform is the best place to buy and trade FTT tokens, and most of the token's use cases are applicable only on the FTX crypto exchange. While FTX crypto exchange is available in the United States and allows users to buy and trade in many major cryptocurrencies, it doesn't allow US citizens to trade in FTT tokens. For the countries where FTX token (FTT) can be purchased and traded, it's the best place to do so. Almost one-third of the gas fees collected by the exchange are used to buy FTT tokens, which are then burnt. Also, FTX claims that the gains made due to its backstop liquidity fund would be distributed amongst the FTT holders. On top of that, every week, FTX gives away three SRM tokens to every FTX token holder that has over 500 FTX tokens (FTT). 

To buy FTX token directly on FTX, follow these easy steps:

Create an FTX Account

To buy FTT, you need to create an account on FTX and verify your identity by providing basic identity proofs and documents. Personal information such as your name, contact number,  email address, home address, social security number, and a copy of your driver's license, passport, or government-issued ID will be required. You will also need to identify yourself through a webcam or smartphone in compliance with Know Your Customer (KYC) rules if you plan to use a debit or a credit card. Tap on Account Limits in your settings menu to fully unlock your account for greater limits and the ability to use debit/credit cards.

The exchange would verify your identity quickly, and you should be able to buy and trade in almost any cryptocurrency of your choice, including the FTT token. 

Deposit Funds

Once you've verified your account and uploaded all your necessary documents, the next step is to deposit cryptocurrency or fiat currencies into your account. FTX supports several fiat currencies, including USD, EUR, GBP, AUD, etc.

You can use your bank account, credit or debit card, crypto coins from a different crypto wallet, or make a wire transfer. You may also deposit euros via SEPA.

To deposit funds from your bank account, you must fill in your bank account details and transfer the desired amount into your FTX wallet. Typically, the USD and other major currency transfers from bank accounts take one day to process, but they can take longer in some instances. You can also deposit fiat currency into your FTX wallet using credit cards to make an instant purchase or set up a recurring purchase. However, you must be aware that using your cards for buying crypto may attract an additional fee. You will see the fees associated with using your debit card. This is a convenience fee charged by the card processor and is equivalent to 2.9% + 0.30 USD per transaction. You can trade immediately on your funds deposited with your card as long as you've not had any chargebacks. Coins purchased with cards can be withdrawn after 7 calendar days.

You can also deposit cryptocurrency into your FTX App account, and funds will usually be available anywhere between a few minutes to an hour, depending on the speed of the blockchain’s verifications of your transaction.

Purchase FTT

Once you've deposited funds into your account, the next step is to buy the FTX token (FTT). There are multiple trading pairs available for FTT. In the Futures Market, the trading pair is FTT-PERP, while in the spot market, the trading pairs are FTT/BTC, FTT/USD, and FTT/USDT. So you can choose a trading pair to buy FTX (FTT) token.

Buy FTT on Binance

Binance is among the most popular cryptocurrency exchanges in the world. While it has disadvantages compared to a decentralized exchange, its ease of use and wide range of supported cryptocurrencies make it a popular choice for purchasing FTT and other digital tokens.

To purchase FTT on Binance, you need to create a retail investor account on the platform and verify your identity by uploading identity proof documents. Once the account is verified, Binance allows users to purchase the FTX token (FTT) or any other crypto of their choice through fiat deposits using a credit or debit card, crypto coins from a different crypto wallet, or a bank transfer.

FTT is available on Binance in 4 trading pairs, namely FTT/USDT, FTT/BUSD, FTT/BTC, and FTT/BNB. You could also use the comparison service of CoinStats to select what asset you want to trade FTX token (FTT) against. Once you select the asset, you wish to trade FTX token (FTT) against, e.g., USDT (TETHER), the next step is to purchase the required amount of USDT needed for purchasing FTT. After you’ve added USDT (TETHER) to your wallet, go to FTT/USDT trade and buy your desired amount of coins. After the transaction is completed and your order for FTT has been fulfilled, the new coins should reflect in your wallet.

Congratulations on purchasing FTX tokens (FTT) in a few easy steps!

Get an FTX Token Wallet

When it comes to cryptocurrencies, one of the most important things to consider is how to store them. While most major cryptocurrency exchanges, such as FTX, Binance, etc., provide their own wallets to store your crypto assets, these wallets are prone to online attacks, hacks, malware, etc., due to being connected to the internet at all times. The 2019 hack of Binance, when Bitcoin worth USD 40 million was stolen from it, is a vivid example.

Therefore it's advisable for all traders and investors in crypto to store their assets in wallets that they control. 

The FTX.US cryptocurrency exchange provides a custodial wallet to store your crypto, including the FTX token; however, the exchange has your private keys, which means it has control of your crypto.

If you want to have complete control of your crypto, you need to transfer it to your own external wallet.

Types of Wallets

Crypto wallets randomly generate a recovery phrase (or "seed phrase"), a list of 12 to 24 words given in a specific order. A recovery phrase is a human-readable form of your wallet’s private key—the unique, secret passcode used to authenticate and encrypt your wallet access. This phrase allows you to sign transactions and claim ownership of your wallet addresses, recover your wallet if it gets lost or damaged (in case of hardware wallets), or if the device you use to access your wallet gets lost, stolen, or becomes otherwise inaccessible.

Note that you’ll see this phrase only once during account setup, and be sure to write it down, take a screenshot, add it to a password manager, or find another way to keep it safe.

Depending on your investing preferences, you might choose between software and hardware wallets, the latter being a more secure choice.

• Software Wallet: The strength of software wallets lies in their flexibility and ease of use. A software wallet is the most easy-to-set-up crypto wallet. It lets you interact with several decentralized finance (DeFi) applications quite easily. However, these wallets are vulnerable to security leaks because they're hosted online—like your bank accounts. So, if you want to keep your private keys in software wallets, conduct due diligence before choosing a wallet to avoid security issues. We recommend a platform that offers 2-factor authentication as an extra layer of security.
  CoinStats Wallet is one of the most secure software wallets to store cryptocurrencies after buying from an exchange. CoinStats Wallet lets you monitor all your assets across different exchanges from one place, and it even allows you to use the full power of DeFi protocols.
  Another popular software wallet is the Metamask Wallet, available as an app and a browser extension.
• Hardware Wallet: A hardware wallet is a device that stores the private keys you need to receive or send crypto. Hardware wallets are usually considered the safest way to store your cryptocurrencies as they offer offline storage, thereby significantly reducing the risks of a hack. They are secured by a pin and will erase all information after many failed attempts, preventing physical theft. Hardware wallets also let you sign and confirm transactions on the blockchain, giving you an extra layer of protection against cyber attacks.
  Ledger hardware wallets are arguably the most secure hardware wallets letting you securely trade FTT tokens. They come in two models:
  The Nano S is designed for crypto beginners and offers only a few features.
  The Nano X is more suitable for advanced crypto traders and provides storage for a wider variety of assets.

Depending on your preferences, you can go for either of the kinds mentioned above of wallets and safely store your assets, including the FTX Token (FTT). You can also check out CoinStats Wallet to securely manage all your assets in one place. 

Final Word

FXT is a legitimate cryptocurrency exchange that offers its users innovative trading products such as leveraged tokens and futures trading. Users will not be short of trading opportunities with over 100 trading pairs, leveraged tokens, futures, indexes, and options.

Therefore, if you are looking to invest in cryptocurrency, then the FTX token (FTT) might be one of the best choices to diversify your crypto portfolio.

Investment Advice Disclaimer: The information contained on this website is provided to you solely for informational purposes and does not constitute a recommendation by CoinStats to buy, sell, or hold any securities, financial product, or instrument mentioned in the content, nor does it constitute investment advice, financial advice, trading advice, or any other type of advice. Our information is based on independent research and may differ from what you see from a financial institution or service provider.

Investments are subject to market risk, including the possible loss of principal. Cryptocurrency is a highly volatile market and sensitive to secondary activity, do your independent research, obtain your own advice, and be sure never to invest more money than you can afford to lose. There are significant risks involved in trading CFDs, stocks, and cryptocurrencies. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider your circumstances and obtain your advice before making any investment. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant regulators’ websites before making any decision.

KuCoin, also known as People's exchange, is a user-friendly and secure platform that provides several trading options to its six million users worldwide. It's one of the most popular crypto trading platforms with its native cryptocurrency KuCoin Shares Token (KCS), based on the Ethereum blockchain (an ERC-20 token).

If you acquire its native KuCoin token (KCS), you will get significant discounts on trading fees. Additionally, KuCoin users receive a daily dividend, KCS Bonus, for holding over 6 KCS.

If you consider KuCoin as a possible investment, this KuCoin review will help you get started. Read on to learn everything you need to know about the KuCoin exchange and how to buy the KuCoin token in a few simple steps.

Let's start by looking into the KuCoin token's Pros and Cons.

Pros

• Rewards on KuCoin exchange
• It is linked to Kucoin Exchange, a stable, worldwide platform.
• No KYC is required for obtaining a KuCoin token
• Staking advantages
• Exclusive access to KuCoin Spotlight
•  Discounts on trading fees.

Cons

• The unpredictability of the cryptocurrency market
• Limited pairs are available outside the native exchange.

KuCoin Exchange and KCS Features

Kucoin Exchange is based in Seychelles and licensed by the Seychelles regulator; however, the company's main operational center is in Singapore. KuCoin has over 20 local communities across North America, Europe, Southeast Asia, and other regions.

The exchange was developed by a team of crypto and blockchain professionals, and its ICO (initial coin offering) sold 200 million KCS tokens. KuCoin went live in 2017 and has a roadmap for platform development until 2024, suggesting future upgrades, an increased user base, and more improvements. In the same year, KuCoin developed and released its native token – KuCoin Shares(KCS).

KuCoin exchange offers bank-level asset security, a slick interface, beginner-friendly UX, and a wide range of crypto services: margin and futures trading, a built-in P2P exchange, the ability to buy crypto using fiat currency, such as a credit or debit card, instant-exchange services, ability to earn interest on digital assets by crypto lending or staking via its Pool-X, IEO launchpad for crypto crowdfunding, non-custodial trading, and some of the lowest trading fees among crypto exchanges.

KuCoin Token, also known as KuCoin Shares (KCS), is an ERC20 token on the Ethereum blockchain. KCS offers its users certain privileges, like lower trading fees, bonuses, rewards, and other perks. The token is used to make purchases or reservations, pay trading fees, pay the staking rewards, bonuses, incentives, etc.  What's unique about KuCoin is that they share 50% of their overall trading fee revenue with users holding the KCS token.

How Does It Work

 The KuCoin token is deflationary, with the exchange implementing token burn and removing assets from circulation corresponding to KuCoin's long-term vision of making the supply constant at 100 million. The buy-back records are exposed through the blockchain explorer.

The KuCoin exchange features a Bonus Program, rewarding users for holding their KuCoin KCS on the exchange. The reward is determined by the user's overall exchange activity and the number of KCS held.

KCS holders enjoy several benefits such as commission income, reduced trading commissions, and access to other special services. Besides, the KuCoin institutional investor program participants get significant trading fee discounts.

The cryptocurrency exchange has issued a plan for buyback disposal, which aims to keep a constant 100 million tokens on the market. According to KuCoin, the company will use 10% of each quarter's net profit to buy KCS back and destroy it.

Traders can use the KuCoin token KCS to "activate" a 1% to 30% discount on all trades, proportional to the number of KuCoin shares held. Meanwhile, the exchange may adjust fees according to the market conditions.

How to Buy Kucoin KCS Tokens in 4 Quick Steps

Commonly used cryptocurrency exchanges to buy the KuCoin token are KuCoin, BitMax, Probit, MXC, and Polonies. The platform with the most available trading pairs for KCS is KuCoin.

However, to buy KCS on major exchanges like Binance or Coinbase, you’ll need first to purchase a major cryptocurrency first and then use it to buy a KuCoin token.

Follow these easy steps to buy KuCoin token (KCS).

Step #1: Choose a Cryptocurrency Exchange

You must compare the cryptocurrency exchanges' features before choosing the one that suits your investment needs best. Some of the factors to consider are supported deposit methods, trading fees, customer support, ease of use, and local requirements.

However, buying KuCoin's native token on the KuCoin platform seems more intuitive. If you choose to put your trust in another platform for whatever reason, you can purchase KCS by swapping a stablecoin, for example, Tether USDT.

Step#2: Register an Account

To buy the KuCoin token on its own exchange, you'll need to register a KuCoin account on kucoin.com. You can use either a valid email address or a phone number. The registration is quite straightforward and doesn't require personal information or KYC (know your customer) verification. Input your e-mail address and click the "Send Code" button. Wait for the email verification code to be sent to your mailbox and enter the verification code you received. Then set the login password, read through and agree to the "Terms of Use," click the "Sign Up" button to complete your registration. To register with a phone number, wait for the SMS verification code to be sent to your phone and enter the verification code you received.

You can also use your email address or phone number to purchase the KuCoin token on another platform. Ensure to follow the platform's requirements.

Step #3: Deposit Funds

After setting up your account, the next step would involve depositing funds to purchase KCS and other cryptocurrencies. On KuCoin, you can trade KCS against any major crypto, including Bitcoin (BTC), Ethereum (ETH), or USDT. You can fast buy USDT with fiat currency through a credit or debit card directly on KuCoin's exchange; purchase it directly from verified holders or through a 3rd party using a payment channel.

The platform doesn't support direct wire transfers, but it's possible to buy crypto with fiat currencies through a third-party app. Additionally, the platform supports credit or debit cards, Apple Pay, Google Pay, etc., but the fees can be rather steep.

Your KCS purchase will be hassle-free and fast if you already have a crypto wallet. Several KCS trading pairs are available on the KuCoin exchange, but you might have fewer trading options on other platforms.

Once you select the most convenient payment method, it's high time to buy KuCoin token KCS.

Get started by checking the current KuCoin price, but note that the current price does not indicate a future trajectory.

Step #4: Buy KuCoin KCS Token

If you're a KuCoin exchange user, you can enjoy a wide selection of trading pairs.

 Once you have purchased USDT, navigate to the USDT/KCS pair. Enter the amount of USDT you would like to swap and execute the trade. Congratulations on your purchase of KCS!

Now that you're a proud owner of your personal KuCoin let's look into different options to use your coins and decide which one suits your needs best.

What to Do With KuCoin Tokens

There are several ways you can put your KCS to good use. However, remember that the cryptocurrency market is volatile, and the high risk/high reward strategy might not be best for everyone. Do your own research before considering an investment, as this review doesn't constitute financial advice or any other kind of advice.

1. Stake

Staking is a popular option, where your crypto funds don't just lay around but bring you idle profit. Many cryptocurrencies offer a staking option, but not all traders are familiar with the process. Staking means making the coins "work for you" and earning you rewards in return for locking them temporarily and letting the platform use them for its needs. In short, the process resembles owning a savings account. There's a trust element involved, just like you trust the bank to govern your assets while you hold them "locked" in a savings account, and they provide you with yield in return. Staking is locking a certain amount of coins on your KuCoin account to get annual yields.

2. HODL

Holding on to your crypto funds is a viable option if you believe they will rocket in price someday. However, for cryptos that have been around for years, a triple-digit surge becomes less and less likely. Meanwhile, an incremental price increase could be expected.

If you wish to buy KuCoin token KCS and store them away, the important part is to do it safely, minimizing the risk of anyone getting hold of the assets without your permission. We highly recommend creating a private wallet with your own set of keys. Depending on your investing preferences, you might choose between software and hardware wallets, the latter being a more secure choice.

Hardware Wallets

A hardware wallet or a cold wallet is a device that stores the private keys you need to receive or send crypto. Hardware wallets are usually considered the safest way to store your cryptocurrencies as they offer offline storage, thereby significantly reducing the risks of a hack. They are secured by a pin and will erase all information after many failed attempts, preventing physical theft. Hardware wallets also let you sign and confirm transactions on the blockchain, giving you an extra layer of protection against cyber attacks.

Ledger hardware wallets are arguably the most secure hardware wallets letting you securely manage your KCS tokens.

If you believe storing your KuCoin will earn you high rewards, this is the way to go.

3. Sell

You can follow the same process to cash out your KCS coins with the same exchange you bought them through. You can sell it on an altcoin exchange for Bitcoin, Ethereum, or USDT and then cash out to fiat currency.

In any case, remember to do your independent research, obtain your own advice, and only invest what you can afford to lose.

Hopefully, this review helped answer some of your questions about the KuCoin exchange and how to buy KuCoin token KCS.

Ever wanted to learn how to buy NEXO but don’t know where to start from? Well, you’re in luck as you will soon see. The NEXO cryptocurrency was launched back in April 2018 and has witnessed exceptional growth since then. It was founded by Antoni Trenchev with the aim of overcoming the inefficiencies present in the conventional lending sector.

But before knowing how to purchase NEXO token, it is important to develop a basic understanding of this digital currency.

What Is NEXO

Nexo is a blockchain-based crypto-lending platform that supports more than 30 cryptocurrencies. Some of the major coins like Ethereum (ETH), Bitcoin (BTC), and Ripple (XRP) can be used for lending funds. To do this,  users have to deposit their tokens on the platform which are then used as collateral for a loan. These loans can be acquired in fiat currency as well as stablecoins.

The native token of the Nexo project is denoted by NEXO. Those who hold NEXO tokens are entitled to discounts on loan interest along with interest payments. Having said that, the NEXO tokens stay locked in the blockchain.

Benefits of Buying NEXO Tokens

Since the NEXO token is the native digital currency of the platform, it offers a range of benefits to its holders. For one,  holders are entitled to rewards at an interest rate of 12% per annum on the NEXO tokens stored in the Credit Line and Savings wallets of their Nexo account. Apart from enabling crypto-lending, NEXO token holders are also a part of Nexo's Loyalty Program which has a number of advantages including:

1. Returns of up to 50% with Nexo's Earn on Crypto service
2. Cashbacks of up to 0.5% on all crypto purchases done through Nexo Exchange
3. Five free digital currency withdrawals
4. Ability to borrow funds at APR starting from 0%
5. Active contributor to the project's governance

At this point, we remind you to ensure that you get your financial advice from only legitimate and credible sources.It is better to rely on opinions and analyses from expert finance professionals and read buying guides before you start trading NEXO.

Price Performance

While the crypto market has been notorious for its volatility, the NEXO price has stayed comparatively stable during the last twelve months or so. In 2022, it has stayed between $2.00 and $2.50 per coin with a market capitalization in excess of $1.20 billion.

The total supply of NEXO coins is capped at 1 billion tokens with over 560 million coins currently in circulation. You can keep tabs on the price of NEXO with CoinStats.

How to Buy Nexo Tokens

You can't just start buying NEXO tokens and expect to make money. Any serious cryptocurrency buyer should first know why they want to hold a coin even before making a purchase. For instance, you may be looking to invest for the long-term investment or just want to make quick bucks by trading NEXO. Knowing the reason you’re buying a coin also influences your investment strategy.

So if you want to hold NEXO tokens for the short term, you may just purchase financial products such as CFDs from a broker, which  is a much quicker and easier way to trade NEXO.

If you’re in it for the long-term, then you will need a compatible NEXO exchange to acquire NEXO tokens. You'll also need a dedicated NEXO wallet to keep your digital currency safe. With that said, here are the steps you should take to buy NEXO token.

Stage #1: Find an Exchange that Supports NEXO

The first step is to choose a broker or an exchange that will best fit your requirements. Make sure the NEXO exchange you're considering is easy to use and has the features you're looking for. To accomplish this, you should evaluate the platform's costs, fees, customer service, payment options, and user suggestions. Don't also forget to read all the reviews about your preferred exchange.

Some of the top exchanges that support NEXO include FTX, Huobi, Bitfiinex, Bitstamp, Uniswap, and HitBTC.

Stage #2: Create an Account on Your Chosen Exchange

To create an account on the platform of your choice, you must first sign up by entering a valid email address , a username, and password. It is highly recommended that you buy NEXO token through one of the regulated exchanges supported by the Nexo platform. This will ensure that your personal information, as well as funds, remain safe and secure.

Stage #3: Go through Identity Verification

Almost all cryptocurrency exchanges will require you to verify your personal identity before you can deposit your money. This is done to ensure compliance with Know Your Customer (KYC) finance law and Anti-Money Laundering (AML) regulations. The verification enables cryptocurrency exchanges to prevent fraud and other illicit activities.

The verification process usually involves sharing a photo ID with the cryptocurrency exchange. You may also be asked to use a webcam or smartphone to prove your identity. Then there are some crypto exchanges that will ask you to provide verification of your residential address before you can trade NEXO. After identity verification, it is recommended that you enable two-factor authentication (2FA) prior to depositing your money.

Stage #4: Deposit Your Starting Capital

Once you've completed the process of creating an account, the next step is to make a deposit. If you decide to acquire NEXO tokens, you can use the deposited money as working capital. Depending on the crypto exchange you select, there is a diverse range of payment options available to you. These may include a credit or debit card, bank transfer, wire transfer, and e-payment system, to name just a few. It's important that you choose one that is both affordable and convenient.

Also, keep in mind that many crypto exchanges need a minimum deposit before you can begin trading. You further have the option to link your bank account to a crypto exchange if you want to purchase NEXO tokens or other cryptocurrencies for a longer period.

Stage #5: Buy Nexo Tokens

After you've completed the above steps and are ready to invest in NEXO, it's time to proceed to the actual buying. Cryptocurrency exchanges generally have a simple and user-friendly process that allows quick purchases. Usually, there are two different ways to buy any cryptocurrency.

Instant Buy

This is a feature offered by almost every exchange. It allows you to acquire NEXO right away at a predetermined price. It is quick and easy but you will need to pay the asking price.

Spot Market 

This feature enables you to set a price at which you want to get NEXO. It is one of the most popular ways to buy digital currency. Instant buy is all about convenience while the spot market gives you affordability at the cost of waiting.

Choosing Your Wallet

You have to remember that you will need a NEXO wallet to store your NEXO tokens. Just like you use a wallet or purse to keep fiat currencies, a crypto wallet is used to securely store NEXO tokens. There are two types of wallets you can get:

Hardware Wallet

A hardware wallet is a physical device that looks like a flash drive. It is used to store the private keys that give you access to your NEXO tokens. These wallets are completely disconnected from the outer world to ensure security against hacking attempts. Some of the top hardware wallets to store your NEXO coins include Ledger Nano S and Trezor. 

Software Wallet

A software wallet comes in the form of an application or an integrated feature in cryptocurrency exchanges and can also be used to store NEXO tokens. Unlike hardware wallets, software wallets are usually connected to the internet for quick and easy access to the coins. This feature, however, makes them susceptible to hacking. 

Buying NEXO Tokens with the NEXO Exchange

The best and most efficient way to buy the native token is through the NEXO exchange. This method is not only easy but highly affordable. Here is what you need to do:

1. Create a NEXO account and use the Exchange tab to log in.
2. Now select the "Buy" option and choose your preferred fiat currency.
3. Choose NEXO Token as the digital currency you want to buy.
4. Next, select your credit or debit card between MasterCard and Visa.
5. Enter your card information and confirm your purchase.

Buy NEXO with Cryptocurrency

If you already have a cryptocurrency like Bitcoin (BTC) or Ethereum (ETH), you can use it to purchase NEXO tokens. You will need to create an account with Huobi exchange and deposit your digital currency into your account. There are a number of supported cryptocurrencies which you can see by going to the wallet screen. You can then select the one you want to use and click on "Deposit".

An address will be shown to you which you will have to copy and paste into the crypto wallet holding your crypto tokens. NEXO tokens will show up in your Huobi account in a few minutes depending on the blockchain and exchange processing speed.

NEXO Investment Strategies

NEXO may be purchased using a variety of investment strategies. Some of the most common strategies are given below.

Buy and "Hodl"

The term "HODL" was coined in 2013 by an angry bitcoin investor who went on the internet to vent his rage over bitcoin's lack of widespread adoption. Because of his belief in the decentralized blockchain's ability to substitute fiat currencies, the stated buyer made a promise to continue to "hodl" bitcoin despite the currency's lack of popularity at the time. As a general rule, buying and holding NEXO indicates that you have faith in the long-term viability of the project and the NEXO token itself.

Day Trading

The inverse of 'hodling' is day trading. By buying and selling your NEXO tokens quickly, you avoid having to store them for an extended length of time and instead reap the rewards from your investment immediately. Investing in this manner is more akin to trading equities or forex on the open market. Rather than waiting for long-term returns, the objective is to take advantage of the asset's price volatility.

Swing Trading

This kind of trading is similar to day trading, but it lasts for a longer amount of time, from a few days to a few weeks at a time. An accurate technical evaluation of indicators is required for this approach to be implemented.

Fees and Charges for Buying NEXO

When you buy a cryptocurrency such as NEXO or any other coin, there is no definite fee structure. It generally depends on your country of residence and a wide range of other factors including the exchange policy, payment method, and the amount of NEXO you want to buy.

Usually, the most affordable payment method is a bank transfer. It is comparatively slow, however. So if you are looking for quick funds processing, it is better to rely on a credit or debit card which will cost you anywhere between 5% and 10% of the total amount. For profitability, you need to keep your costs in check so they don't exceed your profit margin.

The Right Time to Buy NEXO

Being the native token of one of the first crypto-lending platforms, NEXO obviously has potential. That being said, nobody can give you accurate financial advice as to the timing of your purchase. It is something that you will need to determine on your own. Keep in mind that with cryptocurrencies like NEXO, the price increase isn't the only way to gain profit. There are specified interest rates that also add to your overall profitability.

As a rule of thumb, a long-term investment strategy is more likely to be profitable. And since the NEXO project is a part of the decentralized finance or DeFi movement, it has the opportunity to grow with the crypto-lending sector. You can learn what is DeFi in this article.

Final Word

Nexo streamlines the process of obtaining a loan and adds the assurance of a smart contract to it. Unlike the traditional way of business, its borrowers are no longer subjected to lengthy and rigorous background investigations. It’s safe to say that Nexo is on the path to establishing itself as one of the world's major crypto-lending platforms if DeFi use continues to rise. 

However, Nexo must keep innovating to remain ahead of the competition, which may provide greater interest rates or dividends. Because as we all know, the value of Nexo's dividend-paying native token NEXO will only rise if the company is successful.

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bitbank, a Japan-based bitcoin & crypto exchange company, has announced that the performance of its exchange matching engine has been successfully upgraded. Specifically, bitbank’s matching engine order-throughput is now about four times higher than before. With bitbank’s changes to the system architecture of the matching engine, the execution level has been significantly improved compared to […]

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Overview

• Daily spot trading volume: $1.3 billion, 30 day average spot: $910.1 million.
• Total futures notional at $209.7 million.
• The top five traded pairs were, respectively, USDT/USD, BTC/USD, ETH/USD, USDT/EUR, and SOL/USD.
• Strong returns from Aave (+18%), Astar (+46%), and Synthetix (+14%).

The post Kraken Daily Market Report for April 01 2022 appeared first on Kraken Blog.

Overview

• Daily spot trading volume: $620.8 million, 30 day average spot: $897.0 million.
• The top five traded coins were, respectively, Ethereum (-0.3%), Bitcoin (-1.0%), Tether (0%), Solana (-1.2%), and Polkadot (+2.5%).
• Strong returns from Flow (+12%) and Moonbeam (+47%).

The post Kraken Daily Market Report for April 02 2022 appeared first on Kraken Blog.

Overview

• Daily spot trading volume: $596.4 million, 30 day average spot: $894.1 million.USDC
• The top five traded coins were, respectively, Tether (0%), Ethereum (+2.2%), Bitcoin (1.3%), Solana (+3.2%), and USDC (0%).
• Strong returns from Compound (+14%) and Aragon (+13%).

The post Kraken Daily Market Report for April 03 2022 appeared first on Kraken Blog.

Overview

• Daily spot trading volume: $953.9 million, 30 day average spot: $888.7 million.
• Total futures notional: $164.5 million.
• The top five traded coins were, respectively, Tether (0%), Ethereum (-0.1%), Bitcoin (+0.4%), Solana (-3.4%), and USDC (0%).
• Strong returns from Mina (+12%), Maker (+7.6%), and Nano (+6.1%).