Crypto.com launches App and Exchange in Italian

Crypto.com launches App and Exchange in Italian

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Crypto.com has announced the launch of the Italian language version of its App and Exchange. 

The Italian language is already available on both the App and the Crypto.com Exchange by setting the language to “Italian” in Settings -> Language on the App, or by selecting “Italian” at the top right of the website. 

Crypto.com will also provide support in Italian to its community through the Telegram channel dedicated to the public of the Bel Paese, on t.me/Cryptocom_IT. 

Italian is the second most spoken mother tongue in the European Union, while the total number of native Italian speakers worldwide is around 85 million. With a view to paving the way for important demographic groups, the launch of the Italian version was a natural step after the Spanish, French and Korean versions. 

Moreover, the Italian community of cryptocurrency enthusiasts is numerous, so much so that some time ago Italy was ranked fourth in the world for use of bitcoin, with 15.3% of all shops in the world accepting BTC. 

The General Manager Europe of Crypto.com, Mariana Gospodinova, said: 

“It is a great satisfaction for us to respond to the needs of our Italian users, who have long been asking us to release a dedicated Italian language app. Having already launched the native app for France and Spain, it made sense to continue with Italy, which is one of the largest economies in the world. There is also a great appetite for cryptocurrencies in this country, demonstrated by the fact that a major Italian bank launched a bitcoin trading service earlier this year”. 

Crypto.com was founded in 2016 based on the belief that it is a fundamental human right for everyone to have control of their money, data and identity. With over 3 million users, Crypto.com offers an alternative to traditional financial services, allowing Crypto.com users to purchase cryptocurrencies by credit card without incurring fees, with 7 FIAT currencies and over 70 digital currencies supported. 

Its infrastructure is built on a solid foundation of security, privacy and compliance, making it the first cryptocurrency company in the world to achieve ISO/IEC 27701:2019, CCSS Level 3, ISO27001:2013 and PCI:DSS 3.2.1, Level 1 compliance. Headquartered in Hong Kong, the company currently has a rapidly expanding international team of over 500 people. For more information, please visit www.crypto.com or consult the Italian Telegram channel t.me/Cryptocom_IT.

Source: en.cryptonomist.ch

Author: By Crypto Advertising
– 14 Oct 2020


Switch Price Hits $0.0202 on Exchanges (ESH)

Switch Price Hits $0.0202 on Exchanges (ESH)

Switch (CURRENCY:ESH) traded 0.3% higher against the dollar during the one day period ending at 12:00 PM Eastern on October 13th. During the last seven days, Switch has traded 31.8% lower against the dollar. One Switch token can now be purchased for $0.0202 or 0.00000178 BTC on cryptocurrency exchanges. Switch has a market capitalization of $233,066.66 and $486,612.00 worth of Switch was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed during the last 24 hours:

  • HEX (HEX) traded 0.3% higher against the dollar and now trades at $0.0040 or 0.00000035 BTC.
  • Insight Chain (INB) traded down 1% against the dollar and now trades at $1.12 or 0.00009825 BTC.
  • Quant (QNT) traded 4.3% higher against the dollar and now trades at $10.74 or 0.00094451 BTC.
  • MXC (MXC) traded 1.1% lower against the dollar and now trades at $0.0194 or 0.00000171 BTC.
  • Super Zero (SERO) traded up 1.6% against the dollar and now trades at $0.0928 or 0.00000952 BTC.
  • PARSIQ (PRQ) traded down 7.5% against the dollar and now trades at $0.0992 or 0.00000873 BTC.
  • USDQ (USDQ) traded 11.6% higher against the dollar and now trades at $1.10 or 0.00009678 BTC.
  • Qubitica (QBIT) traded up 2.4% against the dollar and now trades at $7.27 or 0.00063959 BTC.
  • 1SG (1SG) traded 1% lower against the dollar and now trades at $2.43 or 0.00021333 BTC.
  • ETERNAL TOKEN (XET) traded up 0% against the dollar and now trades at $0.0481 or 0.00000514 BTC.
  • Switch Profile

    Switch (ESH) is a token. Switch’s total supply is 12,113,793 tokens and its circulating supply is 11,522,675 tokens. The official website for Switch is www.switch.ag. The official message board for Switch is medium.com/@switchag.

    Buying and Selling Switch

    Switch can be traded on the following cryptocurrency exchanges: . It is usually not currently possible to buy alternative cryptocurrencies such as Switch directly using US dollars. Investors seeking to trade Switch should first buy Ethereum or Bitcoin using an exchange that deals in US dollars such as Gemini, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Switch using one of the exchanges listed above.

    Receive News & Updates for Switch Daily – Enter your email address below to receive a concise daily summary of the latest news and updates for Switch and related cryptocurrencies with MarketBeat.com’s FREE CryptoBeat newsletter.

    Source: www.thestockobserver.com

    Author: Geri Gentry


    Lessons from the Recent KuCoin $150 Million Crypto Hack Incident

    Lessons from the Recent KuCoin $150 Million Crypto Hack Incident

    Even as the crypto industry has gained traction, many digital currency exchanges are still vulnerable to attacks by cybercriminals. In February 2020, Italian crypto exchange Altsbit lost around $70,000 worth of digital currencies. South Korean exchange Upbit reportedly lost around $51 million worth of Ethereum in November 2019. Japanese exchange Bitpoint was also compromised, resulting in a loss worth $30 million. In May 2019, Binance figured in a high-profile incident that had bad players running off with $40 million worth of Bitcoin.

    Just recently, KuCoin published an official statement confirming the reported anomalous large withdrawals of Bitcoin (BTC) and Ethereum (ETH) tokens from the KuCoin exchange. The funds were transferred to several crypto wallets listed in an updated statement from Kucoin.

    The Singapore-based digital asset exchange said that the cyber-thieves managed to steal the private keys to their hot wallets. More than $150 million worth of ERC20 tokens were siphoned. In response, KuCoin immediately transferred what was left in the compromised hot wallets to new ones and suspended all deposits and withdrawals. 

    Related: This Cryptocurrency Company is Reducing Volatility and Increasing Adoption of Blockchain

    After the $2 billion Mt. Gox incident a few years ago, many expected cryptocurrency exchanges had already learned their lesson, particularly with tightening their security measures or revamping their protocols. It seems, though, even with the upgraded defenses, cyber-attacks continue to persist.

    What happened to KuCoin is similar to what happened with most other cryptocurrency exchange thefts. Bad players were able to obtain the private keys to hot wallets and were able to move the funds to their own wallets. “The hackers had the patience to wait and execute well-orchestrated actions through multiple seemingly independent accounts at the most opportune time,” Binance said in a statement.

    What future awaits cryptocurrencies?
    GOODBAD

    If the use of hot wallets is the common denominator in most cryptocurrency theft cases, is doing away with hot wallets the best solution? Unfortunately, there are still no viable alternatives to hot wallets in facilitating quick and convenient transactions. Cold wallets offer a higher level of security, but this results in higher transactional friction for users. As such, exchanges will have to address the vulnerabilities that come with the use of hot wallets.

    Instead of abandoning hot wallets altogether, what digital asset exchanges have done over the years is to improve their cybersecurity systems to prevent the chances of having their data stolen. They particularly focus on complex attacks like social engineering and sophisticatedly distributed malware.

    Additionally, to avoid losing the trust of their clients, some exchanges provide insurances or guarantees that the stolen digital coins will be reimbursed. Binance, for one, has a Secure Asset Fund for Users, which is an emergency insurance fund that covers losses in cases of cyber-attacks and other unforeseen situations. In the case of KuCoin, the company promised to reimburse those who lost their funds in the incident. “Please rest assured that if any user fund is affected by this incident, it will be covered completely by KuCoin and our insurance fund,” the company wrote in an incident update.

    KuCoin’s promise of reimbursement does not necessarily cover all of the $150 million stolen coins. Among the 153 types of ERC20 tokens stolen were 81 million NOIA tokens. The NOIA Network announced that it will issue a 1:1 token replacement to all affected accounts.

    “Following the ~$150million hack on KuCoin Exchange, NOIA Network is issuing a 1:1 [NOIA] via a new smart contract, with automatic distribution of new tokens to all [NOIA] holders,” said NOIA Network in its announcement.

    The NOIA Network partnered with PARSIQ to take a “snapshot” of the wallet balances on the block 109446420. PARSIQ is a blockchain monitoring and automation solution with tools for detecting, analyzing, and preventing fraud in cryptocurrency transactions. It has the technology capable of accurately identifying wallet balances at specific instances and forensically analyzing transactions on- and off-chain.

    The snapshot created by PARSIQ serves as the basis for the amounts that will be returned to the affected wallets. With this information, the NOIA Network is able to implement a hard fork that correctly restores the tokens stolen from the wallets of Kucoin customers while voiding those that have been transferred to the thief’s accounts.

    Related: 8 Smart Ways to Analyze Crypto Token Before Investing in It

    A hard fork is a process that essentially creates a new protocol and thus a new chain independent of the original one. In the case of the above incident, it can be used to revert the blockchain to a particular instance and thus makes an invalid block in the blockchain valid or an invalid one valid. In the NOIA Network case, the hard fork invalidates a block to correct the unauthorized transfer of tokens. This results in the nullification of contract addresses and tokens associated with the theft. Thus, any token stolen becomes worthless and will not have an impact on the secondary market.

    All digital currencies that use blockchain technology can undertake hard forking. However, not all are able to use it to address a theft problem through hard forking alone. There is a need to correctly determine the balances that should be restored with a hard fork.

    With the help of a third-party solution like PARSIQ’s “snapshot” function, tokens can be devalued by invalidating their original smart contracts creating new ones to allow the digital currency holders to claim the balances they lost due to the theft. “So that legitimate holders can claim their assets from new smart contracts – there is a need for snapshots with total balances before the incident,” PARSIQ wrote in an update post regarding the KuCoin hack.

    PARSIQ said it will provide snapshots not only for the NOIA Network but also for other projects.

    Blockchain networks are continuously under attack due to the value of the smart contracts and transactions therein. For one, there needs to be an improvement in the internet infrastructure in the first place, in order to improve how platforms manage their security.

    “The internet we have today is a patchwork of technologies, some decades old,” says Domantas Jaskunas, COO at NOIA Network. “These limitations cause outages and performance volatility, which is frustrating for everyday internet users, but combine to cause billions of dollars in damages to large businesses every year.”

    One way to correct this is for technology providers to build more secure layers on top of the existing internet infrastructure.

    “Prevention is always better. We believe there should be another layer of verification on each blockchain that performs an on-demand analytic of origin and destination before the transaction goes into blocks,” says Nobel Tan, Head of Engineering and Product at Uppsala Security. “Technically this can be done but it comes with additional cost. This is similar to the evolution of the internet.”

    Aside from enhanced verification and forensic analysis, the bigger picture will require that companies collaborate in order to address these threats.

    “Exchanges need to upgrade their security measures as we’ve seen too many such breaches in recent years. But more than anything, timely collaboration is needed to quickly take action. That means instant communication between the exchange, the token projects and companies providing solutions to mitigate those risks,” says Tom Tirman, Chief Executive Officer at PARSIQ.

    It will be a challenge to abandon hot wallets completely, even if this is the most common risk factor in nearly all cryptocurrency exchange thefts. There are other ways to get around the problem. Hard forking, in particular, can invalidate stolen tokens and restore lost balances to the affected wallets. However, it is necessary to use a blockchain monitoring platform like PARSIQ and for cryptocurrency exchanges (like KuCoin) and projects (like the NOIA Network) to collaborate and implement automated solutions that will ensure a fast and efficient way to resolve theft and other similar issues.

    Source: yourscholarshipinfo.com

    Author: Deyire Umar


    The DOJ's Crypto Framework Is a Warning to Exchanges - CoinDesk

    The DOJ’s Crypto Framework Is a Warning to Exchanges – CoinDesk

    The Department of Justice (DOJ) just fired a warning to crypto exchanges worldwide: Comply with U.S. law or face the potential wrath of the federal government.

    Last week, the DOJ published an 83-page cryptocurrency enforcement framework detailing its approach to the nascent space and discussing potential crimes. The document also suggested the U.S. government would enforce its laws regardless of where exchanges – referred to as virtual asset service providers, or VASPs – are based. In other words, these exchanges should comply with U.S. laws – even for their non-U.S. customers:

    “The Department also has robust authority to prosecute VASPs and other entities and individuals that violate U.S. law even when they are not located inside the United States. Where virtual asset transactions touch financial, data storage or other computer systems within the United States, the Department generally has jurisdiction to prosecute the actors who direct or conduct those transactions.”

    The document came just days after prosecutors with the U.S. Attorney’s Office for the Southern District of New York (SDNY) brought charges against crypto trading platform BitMEX, which is headquartered in the Seychelles, and its leaders, some of whom do not reside in the U.S. 

    “I do think this is definitely a warning shot about cryptocurrency exchanges that are located outside the U.S.,” Marta Belcher, special counsel to the Electronic Frontier Foundation and general counsel at Protocol Labs, said of the framework. 

    Interpreted broadly, the DOJ’s framework can also have implications for international exchanges that may have – or at one point, had – customers in the U.S. Exchanges that pulled out of the U.S. may not be safe either, based on the BitMEX charges.

    That’s not to say every exchange operating outside the U.S. is at risk, or that the federal government is declaring open season on platforms it believes should be complying with its laws. Still, overseas exchanges that might have exposure to the U.S. should take note. 

    The DOJ framework notes that the U.S. has had anti-money laundering/countering the financing of terrorism (AML/CFT) measures for decades, with specific standards around cryptocurrency exchanges and activities since at least 2011. 

    Despite this, many VASPs, as the U.S. government refers exchanges – still do not necessarily comply with the Bank Secrecy Act or other laws, the framework claimed. The framework complained that some exchanges might hold U.S. customers to standards that do not apply to non-U.S. customers, or might treat crypto-to-crypto transactions differently from crypto-to-fiat transactions. 

    “Because of the global and cross-border nature of transactions involving virtual assets, the lack of consistent AML/CFT regulation and supervision over VASPs across jurisdictions – and the complete absence of such regulation and supervision in certain parts of the world – is detrimental to the safety and stability of the international financial system,” the framework said.

    Jake Chervinsky, general counsel at Compound Finance, tweeted that policy makers are looking to tighten global restrictions on the trading of digital assets, in a change from how the crypto space was previously viewed. 

    In the DOJ’s view, international regulations should be consistent, the document said. 

    The new framework follows a pattern. Since 2018, the U.S. has spearheaded efforts to unite global regulatory efforts around cryptocurrency exchanges and transactions through its presidency of the Financial Action Task Force (FATF), an intergovernmental standards-setting organization. 

    Last June, when the U.S. was president, the FATF unveiled the so-called “Travel Rule” for VASPs, advising regulators to require exchanges hold or be able to access comprehensive KYC data, even for individuals receiving funds from a transaction but who weren’t their own customers. The FATF is composed of representatives from the Group of 7 nations, and the presidency rotated between member nations every year at that time.

    Implementation of the travel rule is ongoing. Some countries already require strict KYC, while others are still determining what compliance might look like. Switzerland, for example, requires exchanges to verify personal wallets before allowing customers to withdraw their crypto. 

    The U.S. has gone after non-domestic platforms in the past. The Commodity Futures Trading Commission (CFTC), Securities and Exchange Commission and Federal Bureau of Investigation charged 1Broker, a crypto product exchange based in the Marshall Islands, on claims that it allowed U.S. customers to trade on its platform. 

    1Broker later settled the charges with the two agencies, allowing customers to withdraw funds through the end of 2019 before shutting its doors. 

    Earlier this month, the SDNY and the CFTC unveiled a variety of charges against BitMEX, one of the world’s largest crypto derivatives trading platforms – based in the Seychelles – as well as owners Arthur Hayes, Ben Delo and Samuel Reed. (SDNY brought an additional charge against Gregory Dwyer, an employee.) 

    Both agencies allege U.S. residents were able to trade on BitMEX, despite the company not registering as a futures commission merchant, derivatives contract market or swap execution facility with the CFTC or conduct know-your-customer processes in compliance with the Bank Secrecy Act. 

    According to the indictment, the DOJ is alleging the defendants violated the Bank Secrecy Act and conspired to violate the Bank Secrecy Act across two separate charges. These charges could face criminal penalties, including jail time in addition to monetary fines.

    “Beginning no later than November 2014 and continuing to the present (the ‘Relevant Period’), Defendants have offered commodity futures, options, and swaps on digital assets, including bitcoin, ether and litecoin, to persons in the United States, from offices in the United States, through the website www.bitmex.com and a mobile application,” the indictment said.

    Speaking at the Digital Asset Compliance & Market Integrity Summit hosted by Solidus Labs last week, CFTC Commissioner Dan Berkovitz hinted the agency may go after other platforms that violate U.S. law in some way – even if they aren’t based in the U.S. 

    “I think it’s very clear that if you’re operating outside the boundaries of the law and what the law requires, we will aggressively enforce it,” he said.

    Berkovitz’s comments, alongside the enforcement framework itself, seem to be implying the BSA, a broad AML/KYC-focused law, are applicable outside of the U.S.

    In other words, any transactions that might fit into the U.S. regulatory framework is fair game for enforcement, he said, a view the enforcement framework appeared to endorse. 

    “They’re extremely explicit that they feel they have authority to prosecute them if they violate U.S. laws even when they’re not located in the U.S.,” Belcher said. “There’s a pretty long section where they, I think, make it pretty clear that is a thing they are contemplating.”

    This should not be a surprise, she added, saying this is at least “one takeaway” from the simple fact the paper was published.

    The framework even acknowledges the DOJ’s past international efforts, saying the agency has  “actively participated in international regulatory and criminal enforcement efforts” in the past. 

    The DOJ, alongside its law enforcement and civil agency partners, is likely to take advantage of this perceived authority. 

    “Where the law is clear, we will enforce it,” Berkovitz said.

    Source: turkishmedia.eu


    Cryptocurrency has the power to revolutionise a corrupt banking system

    Cryptocurrency has the power to revolutionise a corrupt banking system

    Is this a variation on the classic pyramid scheme? Not in the sense of Charles Ponzi. But it is clear that the explosive growth of DeFi platforms is driven by a rapid influx of liquidity into the new market, and cannot continue indefinitely. Nevertheless, the technologies embedded in this infrastructure open up tremendous opportunities for rebuilding the global financial system.

    Modern bankers ruin their banks by pocketing clients’ money. Since the late 90s, thousands of Russian “banksters” (a portmanteau of “banker” and “gangster”) from thousands of banks, appropriated more than $100 billion of their clients’ money and left the country with their stolen money. Or they opened a new “business” at home, depending on the thickness of the krysha [“roof” in Russian, signifying criminal protection] in government.  

    The social function of banks is to serve as the circulatory system of the economy. They allow transactions in exchange for goods and services, they are engaged in lending, ensuring production, and accumulation of resources. However, the world banking community has turned into an “anti-bank”, whose function is to misappropriate customers’ assets and launder “dirty money”, the volume of which is increasing globally by $1 trillion every year.  

    As a result, a huge parasitic class has been formed, made of bankers, fake investors, lawyers, auditors and service personnel, who rule entire states called “offshores” and the countries that are invented in them. This class produces nothing but “dirty money”.  

    This conflict is becoming especially obvious now, amid the backdrop of a recession caused by the coronavirus pandemic. Now money itself, which is printed in huge and unsecured quantities by national financial institutions, is increasingly devaluing.  

    Many governments that foresee the benefits of these technologies are beginning to implement them. In March, the German Federal Financial Supervision Authority (BaFin) recognised cryptocurrencies as financial instruments. On 11 August, the German Federal Ministry of Finance (BMF) and the Federal Ministry of Justice and Consumer Protection (BMJV) presented a bill on blockchain-based digital securities. Xi Jinping, the leader of the most populous and second richest country in the world, said a year ago that the development of blockchain is one of the most urgent tasks for the state.  

    Last April, the Central Bank of China, as part of a pilot program, introduced a national cryptocurrency (DCEP) in four major cities in the country. The site for the 2022 Winter Olympics, to be held in Beijing, will also be the basis for exploring opportunities with DCEP.  

    Take a look around: tools that until recently were the dreams of science fiction are becoming reality. Artificial intelligence is already driving vehicles, and the profession of ‘driver’ may die within the next decade. In the same way, blockchain technologies and smart contracts will make it unnecessary to employ the vast majority of people in the financial sector, and will thus eliminate “banksters” as a social phenomenon.  

    With Decentralized Finance (DeFi), it became possible to directly connect clients of traditional banks without the participation of an intermediary in the form of the bank itself, the functionality of which in this case is performed by a so-called “smart contract”. At the same time, no one will be able to steal a client’s money, because the DeFi system protects them from greedy bankers. A smart contract obeys only the laws of mathematics and, aside from the risk of computer hacking which also exists in conventional banking, it is incorruptible – and it does not need villas on the French Riviera, nor private jets or yachts.  

    The Independent Decentralized Financial Ecosystem (some might call it a “bank 2.0”), which I am looking to set up with some partners, represents a new generation of bank in which all participants are simultaneously beneficiaries. It would offer customers the full range of services of traditional banks. Those include currency exchange, deposits, lending, settlement and cash services, local and international transfers. The fundamental distinctness of this platform comes from its supranationality. 

    Besides, this system will provide additional opportunities for financial transparency in the implementation of non-profit projects – for example environmental protection. Or charity, which, alas, suffers from the fact that half of the hundreds of billions USD donations allocated annually around the world are simply stolen directly or through so-called “management expenses”.  

    This year my son Evgeny and I visited Chad – to support the local national park. At N’Djamena International Airport, against the backdrop of several dilapidated ancient Cessnas, sat a new Bombardier Global Express jet – white with blue letters “UN OCHA” (United Nations Office for the Coordination of Humanitarian Affairs). I once had one, it costs $60m.  

    And when we flew away, there was a similarly “branded” Embraer Legacy worth $30m. There are cargo planes for the transportation of humanitarian aid, which are much cheaper and more spacious. I wondered how many hungry Chadians could be helped with this money from the international community, spent by UN officials for their own comfort?

    Perhaps we are on the verge of a real revolution in the international financial system, and the end of the bankster. I do not pretend to be the ultimate oracle of truth; there is much to debate in my piece. Yet one thing is indisputable: in the form in which this system exists now, it is leading the world economy to disaster.

    Alexander Lebedev’s family co-own The Independent and Evening Standard titles 

    Source: otcpm24.com

    Author: News Bureau


    High 5 Cryptocurrency Exchanges with Lowest Charges

    High 5 Cryptocurrency Exchanges with Lowest Charges

    Have you ever ever dreamed of zero-fee cryptocurrency trading? Is that this factor potential?  Anybody who has tried to commerce crypto is aware of that fee charges will eat a small fraction of revenue. Nevertheless, the trade offers change platforms for environment friendly but commission-free buying and selling. The crypto trade is transferring ahead by adopting superior options from the standard finance system. There may be quite a few zero-fee funding and buying and selling platforms on the planet of centralized finance. In the present day, we’ve collected the top-5 cryptocurrency exchanges that enable for zero-fee crypto buying and selling. 

    First issues first. Earlier than going deeper into the crypto buying and selling, you will need to do your analysis a couple of crypto buying and selling spot. You must be taught all of the pitfalls, primarily relating to the security measures of a buying and selling platform and fee charges that may be charged throughout your crypto buying and selling. Even when an change claims to allow ‘fee-free crypto buying and selling’, one ought to look at all of the circumstances and disclaimers supplied. 

    Principally, there aren’t any cryptocurrency exchanges with no fee charges in any respect. Crypto exchanges might cost charges for various actions like depositing/withdrawing, and so forth. We’ve gathered the commonest kinds of fee charges. 

    Makers, or as they usually known as liquidity suppliers, are merchants who place an order that may’t be matched immediately. Quite the opposite, takers take liquidity from the order guide. They place a market order that may be instantly executed. 
    Crypto exchanges worth market makers quite a bit. Consequently, market makers have decrease change charges, whereas market takers should pay larger fee charges.   

    Some big centralized crypto exchanges like Binance, Huobi, and others have their native tokens. To draw extra liquidity to their inside cryptocurrency, crypto exchanges encourage merchants to commerce crypto belongings towards their tokens whereas promising decrease buying and selling charges and typically no charges in any respect. In case you are in search of for brand spanking new methods of zero-fee crypto buying and selling, such a method may be useful. 

    A real veteran of the crypto trade, HitBTC has been enabling a flawless buying and selling expertise since 2013. On the daybreak of crypto and blockchain worlds, HitBTC was among the many first crypto buying and selling spots to commerce BTC. 

    HitBTC presents one of the vital aggressive change charges. The change supply 0.1% maker and 0.25% taker charges. In case you are a proud proprietor of an upgraded account, then you definately’ll get entry to the Buying and selling Payment Tier program. This system’s mechanism is kind of simple: the extra you commerce, the decrease your buying and selling charges. Skilled merchants (or merchants with high-volume trades) can talk about a personalised payment construction. The change doesn’t help fiat deposits. 

    Please word that the change expenses withdrawal charges relying on the cryptocurrency you wish to withdraw. 

    KuCoin has been working within the crypto market since 2017. As of October 2020, the change offers entry to over 380 crypto markets. The crypto change fits those that simply have began to take steps within the area of cryptocurrency buying and selling. 

    KuCoin expenses market makers and takers with the identical buying and selling charges of 0.1%, which in crypto actuality, is kind of low. There are some withdrawal charges that depend upon the cryptocurrency you wish to withdraw.   

    Phemex is a comparatively younger cryptocurrency platform for crypto and futures buying and selling. The change is constructed by skilled Wall Steet merchants in order that they attempt to present each consumer with important buying and selling instruments. Phemex change went reside in 2019 and, since then it has been partaking virtually 300,000 customers worldwide. 

    Even supposing the platform is constructed by merchants for merchants, crypto newcomers will even really feel snug whereas buying and selling on Phemex. The UX/UI are fairly native, so there’ll no drawback getting concerned within the platform’s options. 

    Customers with buying and selling accounts on Phemex can take pleasure in withdrawing BTC with zero-fee and bitcoin depositing with no limits. Additionally it is value mentioning that solely full Premium and Premium Trial customers can begin zero-fee spot buying and selling. Common customers should pay 0.1% in transaction charges (works for each makers and takers).     

    Digitex is a widely known cryptocurrency futures change. The platform fits for extra superior merchants who know tips on how to cope with futures contracts generally. Nonetheless, these prepared to purchase bitcoin futures with out charges are very welcome to Digitex. The change doesn’t require you to go underneath sophisticated KYC procedures however presents excessive liquidity.

    See additionally

    Digitex web site doesn’t present any details about extra fee charges that may be charged. Earlier than you get into zero-fee bitcoin futures buying and selling, it’s vital to be taught extra about futures contracts buying and selling and different buying and selling charges that may be concerned.  

    In all probability a kind of crypto exchanges that enable free of charge bitcoin buying and selling and offers zero-fee crypto buying and selling for the remainder of the cryptocurrencies. Be ready to fulfill no charges for buying and selling and cryptocurrency deposits.  

    Nevertheless, pay shut consideration to withdrawal operations which have sure charges and minimal limits. For instance, the minimal withdrawal quantity of BTC is 0.000027 BTC. On this case, a withdrawal transaction payment will likely be 0.0005 bitcoin. Additionally, a deposit transaction payment (if you happen to use fee methods and bank cards) is 3.9%. Withdrawals on to your bank card are usually not allowed. 

    As could be seen, there aren’t any buying and selling spots that can offer you a fully zero-fee buying and selling surroundings. If somebody presents you cryptocurrency buying and selling with no fee charges included, it’s extremely advisable to do your individual analysis. Deposit your funds on reliable cryptocurrency exchanges. 

    If you’ll want to change, promote, or purchase BTC or another digital asset swiftly, Changelly will offer you a superb service with solely 0.25% charges. All fee charges are clear and could be seen earlier than the transaction execution. Commerce secure and subscribe to our weblog for brand spanking new academic articles! 

    Source: cryptoloverz.com


    Crypto.com launches App and Exchange in Italian


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