BTC price fell below $38,000 as tech stocks sold off and traders watched cautiously to see if Bitcoin can hold its “macro-level sup...
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.
API3, a first-party oracle solution that makes real-world data accessible by smart contracts, has announced its latest partnership and integration wit...
API3, a first-party oracle solution that makes real-world data accessible by smart contracts, has announced its latest partnership and integration with Metis, a layer-2 protocol for decentralized apps. Now, API3 will be making the API3 Alliance’sWeb3 API Catalog, the largest selection of data providers in Web 3.0, available for dApp devs to use on Metis. […]
The post API3 to deliver first-party oracles to the Metis L2 rollup ecosystem appeared first on CryptoNinjas.
The solution recently joined forces with Etherscan to provide blockchain statistics to its native developers.
The solution recently joined forces with Etherscan to provide blockchain statistics to its native developers.
In 2021, the worldwide crypto market capitalization surpassed $3 trillion, with lots of space for further expansion. Web 3.0 emerged as one of the ne...
In 2021, the worldwide crypto market capitalization surpassed $3 trillion, with lots of space for further expansion. Web 3.0 emerged as one of the new buzzwords in the crypto industry after the metaverse grabbed the internet by storm. While web 1.0 and web 2.0 aided in the growth of the internet, web 3.0 is more adventurous and focused on decentralization by giving users the ability to control their data. But, exactly, What is Web 3.0, and which are the best web 3.0 crypto coins to buy in 2022
Let’s jump right in!
Web 3.0 is one of the newest buzzwords for the internet's next major evolution. Web 1.0 took place between 1990 - 2004, when the majority of websites were static and created by corporations. During this period, many who recognized an opportunity purchased domain names with the intention of selling them later at a higher price to enterprises in need of these domains.
Web 2.0 was the period of social media and user-generated content. Users are encouraged to communicate and connect using social media platforms such as blogs, vlogs, and social media, which have since become popular. The transition results in a greater amount of content creation with the majority of data controlled by a smaller set of tech behemoths such as Google, Microsoft, and Facebook. This also led to the topic of whether or not the user's privacy is secure?
Web 3.0 focuses on decentralization, which is driven by the concept of peer-to-peer internet solutions, in which users have a choice over how their data is utilized. Web 3.0 is expected to improve data openness and content accessibility by depending on blockchain technology, as various applications and services begin to use blockchain technology, metaverse, and artificial intelligence (AI). The adoption of this technology helps to eliminate the need for a centralized authority to store data and helps to maintain security through widespread consensus. Essentially, Web 3.0 seeks to re-establish control in the hands of individuals – its users — rather than large corporations.
According to Web 3.0, user interactivity and scalability are critical to facilitating user operations. To be really useful, Web 3.0 must satisfy three key features: decentralization, scalability, and security. The development of NFTs, in which users engage with one another through virtual reality technology, demonstrates the interoperability of Web 3.0 and Metaverse, while Web 3.0 facilitates trade and communication.
Because Web 3.0 is a collection of apps on a decentralized platform, interoperability can be achieved by connecting apps with the metaverse concept. Decentraland MANA, for example, provides an open link enabling a global network of users to administer a shared virtual environment by purchasing and selling digital real estate. To begin, users must buy LAND to identify ownership of their land, which represents their digital real estate. The MANA, on the other hand, is used to facilitate the purchase of LAND and products in Decentraland. The marketplace allows users to swap LAND tokens and simplifies user interactions to transact in-game items.
Market Cap: $3.2B
Theta is similar to Airbnb for video streaming. On this Platform, viewers earn rewards for sharing extra bandwidth and computing resources. According to Steve Chen, co-founder of YouTube, Theta will disrupt the online video industry in the same manner that YouTube did in 2005, but in a different way. Theta solves the problem of delivering video to specific portions of the world by lowering costs while maintaining quality. As Theta feels it is critical to delivering high-quality streaming to all users.
When users share their bandwidth and computational resources, they are rewarded with the Theta Fuel token (TFUEL). The normal Theta token (THETA) is tied to the platform's governance. Another advantage of Theta is that it is an open-source platform, which allows for community innovation. Proof of stake (PoS) and multi-level Byzantine fault tolerance (BFT) consensus mechanisms are used to protect the network.
Market Cap: $2.0B
Helium is a decentralized wireless network. It enables Internet of Things (IoT) devices to connect to the Internet wirelessly and geolocate themselves without the need for satellite positioning hardware or cellular plans.
HNT is the native token of the network, which is powered by a blockchain. This token encourages a two-way marketplace between service providers and users.
Hotspots combine a wireless gateway with a miner to offer network coverage within a specific radius. HNT is mined by hotspots as well. Helium employs a consensus technique known as proof-of-coverage.
Market Cap: $21.3B
Polkadot is a decentralized project that provides a Layer 0 solution known as "Relay Chain," which is known to boost scalability, as well as a Layer 1 solution known as "Parachain," which functions as a bridge between chains.
Gavin Wood, the Co-founder of Ethereum, launched Polkadot. Its native coin, DOT, is used for governance and in parachain slot auctions. There are just a few parachain spaces available in Polkadot. Developers compete in auctions to acquire the privilege to build on Polkadot by locking up DOT tokens.
Market Cap: $4.0B
Filecoin (FIL) is a decentralized marketplace for cloud storage. A wide number of storage providers and developers power the network, which assists organizations and projects in finding cost-effective, decentralized, and secure data storage solutions. Filecoin is commonly used for the storing of big archives, NFTs, and frequently accessed data.
The majority of storage providers on the Filecoin network have "committed" to providing data center resources by investing in hardware and depositing collateral to ensure service quality, data availability, and long-term data reliability. Its native token, FIL, is used to pay storage providers for data storage and retrieval.
Market Cap: $6.7B
Chainlink is a decentralized oracle network that relays data to smart contracts, allowing contracts to be executed using real-world inputs and outputs. Sergey Nazarov and Steve Ellis launched the network in 2017. It swiftly became the market leader in the blockchain oracle area.
Web3, which is structured and maintained by pre-written programs and smart contracts, relies on Oracle networks like Chainlink to function. Users can create decentralized oracle networks (DONs) on Chainlink to distribute data to and from current blockchains while also ensuring data accuracy.
Its native token, LINK, is used to reward Chainlink node operators for fetching data from off-chain data feeds for smart contracts, converting data into blockchain-readable forms, off-chain computing, and uptime guarantees provided by operators. Chainlink is also developing a robust staking mechanism for its network.
Market Cap: $542.7M
Sia is a blockchain-based decentralized cloud storage platform that allows users to lease excess storage space on the network. Smart contracts are used to facilitate network transactions. The native token of the blockchain SC (Siacoin) is the currency used to pay for data storage on the network.
Sia's initial whitepaper said that the network's purpose was to compete with established storage solutions such as Amazon, Google, and Microsoft. Because of its decentralized nature, Sia has an advantage over its competitors in terms of storage rates.
Market Cap: $808.4M
Audius is a music streaming platform that aims to provide everyone with the freedom to distribute, monetize, and stream any audio content.
The native token, AUDIO, enables network security, unique feature access, and community-owned governance.
Musicians can use Audius to publish their songs and establish a fan following. When artists stake AUDIO, they gain access to badges and artist tokens, as well as voting power from their followers. Audius is supported by artists such as 3LAU,deadmau5, Rezz, and the Stafford Brothers. This platform provides 320 kbps high-quality audio streaming.
The Audius project has announced a partnership with TikTok, a streaming platform, with plans to integrate stablecoin on the network in the future to enable sponsored content.
Market Cap: $2.5B
The graph is an important decentralized protocol. In the DeFi world, the goal is to introduce a trustworthy decentralized public infrastructure to the mainstream market. It enables network users to create and publish an application programming interface (API), which is a workflow process that conceals complex code behind a simple API.
APIs are subgraphs in graph protocols, and they employ a specific query to retrieve data from a blockchain. The graph token (GRT) is used by graph network participants to secure the network's economic security. GRT is a work token that enables a community of stakeholders to deliver network indexing and curation services.
Market Cap: $1.5B
Arweave describes itself as a jointly owned hard drive that never forgets. It allows for permanent data storage for a one-time fee.
Arweave (AR) is a decentralized storage network that allows for indefinite data storage. At its core is the ‘permaweb’ — a permanent, decentralized web with applications and platforms such as UI hosting, database writes and queries, and smart contracts.
The network employs blockweave technology, a blockchain variant that connects a new block not just to the previous one but also to a random preceding block. Coinbase Ventures, Andreessen Horowitz, and Union Square Ventures have all invested in the network.
Market Cap: $950.5M
The purpose of this platform is to power global financial systems. Kadena offers more secure smart contracts, as well as unique energy efficiency and PoS security. Unlike many other platforms, Kadena continues to utilize the same amount of energy as network demand grows. It can handle up to 480,000 transactions per second (TPS) due to the usage of braided chains. The protocol scales to larger processing powers as additional chains are added.
The KDA token is used to process transactions on the Kadena blockchain. There are 1 billion KDA in total, which will be mined during a 120-year period.
Sign up for a free CoinStats trading account to invest in web 3.0 coins with a credit or debit card. To buy any web 3.0 coins listed above with the CoinStats app, follow the steps listed below:
Web 3.0 coins, metaverse coins, and NFTs are some of the biggest opportunities in the crypto market for 2022 and the years ahead. The internet is becoming increasingly decentralized, with artificial intelligence and virtual reality being integrated into the experience. More people are also adopting blockchain technology.
We feel the 10 tokens listed above are the best tokens you can invest in right now if you want to promote Web 3.0 and the crypto market while also giving yourself a chance to make a lucrative profit.
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.
Cryptocurrency is a highly volatile market and sensitive to secondary activity, do your independent research, obtain your own advice, and only invest what you can afford to lose. There are significant risks involved in trading CFDs, stocks, and cryptocurrencies. Between 74-and 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.
Bitcoin [BTC] price action has been in consolidating for the week. However, the king coin’s 30 day Market Value to its Realized value [MVRV] rea...
Bitcoin (BTC) is trading in a tight range, although buyers are holding support above $60K. Short-term momentum is slowing, which suggests a period of ...
Pocket Network, a Web3 relay infrastructure middleware protocol that provides ample blockchain bandwidth from a globally-distributed network of over 4...
Pocket Network, a Web3 relay infrastructure middleware protocol that provides ample blockchain bandwidth from a globally-distributed network of over 40k full nodes to apps across 37 different chains, has today announced the launch of mainnet support for Boba Network. As a next-generation Ethereum Layer 2 Optimistic Rollup scaling solution, Boba Network reduces gas fees, improves […]
The post Blockchain middleware Pocket Network adds support for L2 solution Boba appeared first on CryptoNinjas.
Tallinn-headquartered crypto company BlockWallet has launched its non-custodial browser extension wallet, allowing users to store funds and interact w...
Privacy-focused browser, Brave announced a joint collaboration with Solana [SOL] at an ongoing four-day conference dubbed Breakpoint in Lisbon, Portug...
A day of consolidation ends in fresh bullishness for Bitcoin price action, which continues to close in on final resistance below all-...
A day of consolidation ends in fresh bullishness for Bitcoin price action, which continues to close in on final resistance below all-time highs.
The fund is anchored by Van Eck Associates, with participation from Solana and Dapper Labs....
Cindicator, a crypto investment platform, announced today that its first NFT on Stoic, an automated crypto investment app with AI, has sold for 36.75 ...
Cindicator, a crypto investment platform, announced today that its first NFT on Stoic, an automated crypto investment app with AI, has sold for 36.75 ETH or over $140,000 at the current rate. The winning bid came from someone named _satoshi. The Stoic NFT is named Zeno of Citium, the founder of Stoicism. He believed that […]
The post Cindicator NFT for lifetime access to auto trading crypto app sells for 36.75 ETH ($140K) appeared first on CryptoNinjas.
Traders wound up their long Bitcoin derivatives contracts ahead of the October price rally, ignoring solid on-chain fundamentals.
Traders wound up their long Bitcoin derivatives contracts ahead of the October price rally, ignoring solid on-chain fundamentals.
Cryptocurrencies have gained significant traction since entering the scene in 2009 with the launch of the Bitcoin network. The asset class is current...
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!
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.
Now, let's look into CoinJar's core features to help you get started!
To get started with CoinJar, follow these easy steps:
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:
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.
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%.
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 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 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.
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.
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.
Registered users can use the following payment methods to deposit Australian dollars to their CoinJar wallet:
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.
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 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.
Here's how to link your CoinJar account to CoinStats to manage all your cryptocurrency and DeFi portfolios from one place:
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.
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.
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The post Crypto management platform Finoa aligns with Outlier Ventures to grow web3 startups appeared first on CryptoNinjas.
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The post Crypto-friendly browser Opera brings Ethereum L2 to users adding Starkware-powered DEX appeared first on CryptoNinjas.
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The post EMURGO launches new $100M investment vehicle to bolster Cardano ecosystem appeared first on CryptoNinjas.
A late Sunday upward momentum has pushed the majority of cryptocurrencies in the market…
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ETH sold-off alongside the rest of the crypto market, leading analysts to warn of a drop to $2,900 if the current support at $3,200 f...
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The post GAMEE launches Arc8 play-to-earn mobile blockchain gaming platform appeared first on CryptoNinjas.
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eToro is a leading multi-asset social investment platform, providing financial and copy-trading services globally. It offers a unique social trading ...
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.
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.
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.
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.
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.
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.
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.
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.
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
The selling process is relatively easy. Follow these easy steps to sell your purchased currency from your eToro account.
The selling process takes place during market hours.
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.
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.
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
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.
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.
eToro's account-opening process is fast and seamless. It provides the following innovative features:
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.
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.
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:
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.
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.
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.
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 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.
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.
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.
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.
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.
eToro supports almost 40+ world's popular cryptocurrencies, including Bitcoin ((BTC), Ethereum (ETH), Cardano (ADH), Bitcoin Cash (BHC), Stellar Lumens (XLM), etc.
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.
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 o...
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!
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.
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.
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:
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.
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.
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.
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!
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.
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.
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.
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 worldw...
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.
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.
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.
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).
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.
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.
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.
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.
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.
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.
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.
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.
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.
Hubble Protocol, A Solana-powered DeFi protocol, has successfully ended its Initial DEX Offering (IDO) with 10,000 whitelisted users participating in ...
Hubble Protocol, A Solana-powered DeFi protocol, has successfully ended its Initial DEX Offering (IDO) with 10,000 whitelisted users participating in the IDO and contributed over $1.2 million. The token launch was hosted on three different platforms at the same time. Hubble Nails Its IDO To join the crowdfunding event, whitelisted participants would need to meet [...]
The post Hubble Completes Successful IDO With Over $1.2 Million Worth of Distributed HBB Tokens appeared first on Blockonomi.
“What Axie Infinity did for gaming, we want to do for social media,” Chingari co-founder and CEO Sumit Ghosh says.
“What Axie Infinity did for gaming, we want to do for social media,” Chingari co-founder and CEO Sumit Ghosh says.
Daily spot trading volume: $1.3 billion, 30 day average spot: $910.1 million.
Total futures notional at $209.7 million.
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Total futures notional: $156.1 million.
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Total futures notional: $263.8 million.
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Daily spot trading volume: $932.5 million, 30 day average spot: $827.3 million.
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Daily spot trading volume: $653.4 million, 30 day average spot: $821.4 million.
Total futures notional: $195.0 million.
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Daily spot trading volume: $313.2 million, 30 day average spot: $794.4 million.
Total futures notional: $75.5 million.
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Daily spot trading volume: $347.9 million, 30 day average spot: $774.7 million.
Total futures notional: $83.0 million.
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Daily spot trading volume: $1.12 billion, 30 day average spot: $799.1 million.
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Total futures notional: $251.4 million.
The top five most...
The post Kraken Daily Market Report for February 22 2022 appeared first on Kraken Blog.
Daily spot trading volume: $864.0 million, 30 day average spot: $900.4 million.
Total futures notional: $242.1 million.
The top five most...
The post Kraken Daily Market Report for February 23 2022 appeared first on Kraken Blog.