Belarus’ largest bank reportedly launches crypto exchange service
Belarusbank, the largest financial institution in Belarus, is reportedly launching a cryptocurrency exchange service.
According to a Nov. 12 report by local news agency Prime Press, Belarusbank is rolling out a service allowing users to exchange cryptocurrency using a Visa payment card. As reported, the new service allows users to trade crypto against fiat currencies like the Belarusian ruble as well as the United States dollar and the euro.
Belarusbank executives reportedly said that the launch of the new crypto service comes in line with the company’s digital transformation program that was announced a few years ago.
The new service is reportedly available to citizens of Belarus and Russia. The bank is also planning to extend the list of countries supporting the service as well as the list of supported cryptocurrencies in the near future, the report notes.
According to the report, the new feature is a result of Belarusbank’s partnership with local crypto payment operator Whitebird. Prior to introducing the new service, the two companies reportedly partnered to jointly explore the crypto industry in 2018.
Belarusbank is apparently one of the first banks in Belarus pushing its own crypto service. The bank initially announced its plans to set up a crypto exchange in early 2019.
The development of crypto business in Belarus has been encouraged by local crypto-friendly regulation. As previously reported, Belarus President Alexander Lukashenko signed a draft decree legalizing the use of digital currencies in late 2017.
Source: cryptotimeless.com
Author: by admin
4 Cryptocurrency Exchange Platform Reviews
Are you in the process of finding a decent place to trade Cryptocurrencies? Or maybe you are wondering where Cryptocurrencies exchanges often take place?
Reading reviews of Cryptocurrency trading platforms can help you make the right decision If you are new to Cryptocurrencies. Remember that if you create an account on any platform, you have complete confidence in them that they will not steal your Cryptocurrencies you purchased from them.
The BTC China is among the most popular players when it comes to exchanging Bitcoins although obviously, it caters more to the Chinese market.
Yet, it has one of the world’s highest volumes of Bitcoin Exchanges. The company is based in Beijing, and they are said to be the oldest cryptocurrency exchange in China, having been established in June of 2011.
The exchange has benefited from the $5 million worth of investments that some investors provided in order to fund the development of such trading platforms.
BTC China is a place where Bitcoins can be sold or be bought using China’s currency, the Chinese Yuan Renminbi. There is a fee of 1% or less that will be charged for withdrawing funds coming from the exchange and there are lots of payment services as well.
Bitcoin Exchanges through BTC China has become even more popular when Baidu, a Chinese Internet search engine giant, has started accepting payments using Bitcoins.
Chinese investors have then begun creating a huge demand for Bitcoins which led to the pushing of the price to more than $1,000 BTC in the last couple of months in the year 2013.
An impressive volume of more than 100,000 Bitcoins is said to be traded through BTC China currency each day.
VirtEX is the first-ever Bitcoin exchange in Canada. They started with a beta version in June of 2011. The company is run by an Alberta registered corporation, and the customer funds are being held through Canadian banks and trust accounts.
According to the company, they have every intention of complying with the applicable laws and taxation imposed by the Canadian government. When trading with VirtEX, you can be assured that you are dealing with a reputable company that will not scam you in any way.
The best thing about VirtEX is that their website is equipped with various security features, such as SSL Encryption.
When you do your Bitcoin Exchanges with them, you will notice a picture of a key on your browser and the address often starts with “HTTPS”.
This indicates that each and every communication that you have made on their site is fully protected the same way that your bank accounts are protected by your bank.
Furthermore, VirtEX has a browser identification feature. This is some sort of an identification token on your browser that is registered with VirtEX in order to prevent any unauthorized browsers from using your account. Such a method is commonly used by banks in order to secure the accounts of their clients.
VirtEX also has server backups if needed, and this feature allows them to cancel any suspicious trading activity on their site.
The great thing about VirtEX is that they have stated on their website that if in the event of an outage, which often happens to some other exchanges, they assure everyone that they will remain in contact through the email address you have provided them when you first signed up for an account.
So if you are in need of a reliable and trustworthy platform for your Bitcoin Exchanges, then VirtEX is definitely a great choice.
CampBX is one of the most favorite sites of Bitcoin traders to exchange their coins. They have a user-friendly interface so it is easy for everyone to navigate whether you are a beginner or a pro when it comes to Bitcoin Exchanges.
The website also comes with various advanced features which you can find on other Bitcoin trading sites. One of the great features that they have is the ability to buy and sell orders.
This can be done quickly and easily and you can even check out other consumer reviews that will agree on that.
Another advantage of trading with CampBX is that they offer two-factor authentications for your account online. I
f you have not used this method before, then this would be a great extra precaution for you as it assures that your personal information and account information will be safeguarded.
As soon as you log on with your username and password, you will immediately be asked to verify a 6 digit code and you will get that 6 digit code from the app that you can install on your smartphone which is called the Google Authenticator.
The app is so easy to use as well and also comes with added security features for safe and secure Bitcoin Exchanges.
Another great quality that you can find with CampBX is that the site is based in the United States and not offshore, unlike most trading platforms today. They also accept Dwolla as payments.
Just recently, the US Department of Homeland Security has cut off Dwolla from sending money through Mt. Gox used to be the main trading platform for Bitcoins.
Signing up for an account with CampBX is so easy and quick, unlike other trading platforms for Bitcoin Exchanges. You will not have to go through various verification methods and you no longer need to wait for several days in order to start trading.
The longest part was probably about 6 hours but that is because of the delay in sending money in Dwolla. As soon as your money gets transferred to them, you can immediately buy Bitcoins at reasonable prices, based on current market value.
Bitcurex.com is one of the newest platforms for Bitcoin Exchanges these days. With this platform you will be able to trade through two markets, one is for Polish Zloty and another is the Euro market.
Each of the two markets has its own dedicated server and if you want to trade in both markets, then you will need to register on both market pages.
Signing up for an account is quick and easy and will only require choosing a username and password and then provide your email address. You will then receive an activation link on your email which you need to click in order to verify.
Although they are still new, Bitcurex has the highest level of security on their site. Thus, you are assured that none of your information will be disclosed or be sold to a third-party company.
The services that they offer on their site are kept protected through limited access and with the use of a passcode that contains 40 characters.
All of the incoming wire transfers are being checked for any fraudulent activity and because of this; the deposit could clear up to ten days although the normal time is not more than three days.
Cryptocurrency CFDs enable traders to speculate on the market price using contracts for difference without owning tokens.
Traders can buy or sell Crypto CFDs and benefit from large fluctuations in cryptocurrency futures. This gives flexibility when choosing a trading strategy.
Crypto Exchanges rely on trading volume, so when fewer people are trading, there will be more open orders. Liquidity providers offer instant execution to CFD brokers giving traders more options.
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Source: turkishmedia.eu
Share of Ethereum Held on Crypto Exchanges Drops to a 2 Yr Low
Fast take:
The quantity of Ethereum (ETH) held on crypto exchanges is at present at 13.35% of the entire circulation provide. That is based on on-chain information by the crew at Santiment who additionally identified that that is the bottom it has been since November 23rd, 2018. Such a low share of Ethereum on crypto exchanges might signify investor confidence by ETH holders on the long run worth of the digital asset. The crew at Santiment shared this info through the next tweet.
https://t.co/j4Ygh2zalD
1) 🙂 The share of complete $ETH being held on exchanges at this time (13.35%) has not been this low since November 23, 2018. The virtually precise two-year milestone is a optimistic signal for #Ethereum holders, who’ve traditionally benefited when provide held off of pic.twitter.com/r7waudgPdo
— Santiment (@santimentfeed) November 13, 2020
Moreover, the crew at Santiment was fast to level out that such a low share of ETH on exchanges might additionally imply that whales is not going to promote their baggage at the very least for the quick time period. Promote-offs normally happen when this worth is above $15%.
It signifies that enormous whale selloff possibilities will stay restricted…if $ETH‘s % of provide on exchanges creeps over 15%, which traditionally signifies draw back motion
As talked about above, the low share of ETH on exchanges is especially bullish for Ethereum holders. This might imply that Ethereum traders are storing their ETH safely offline in anticipation of the launch of ETH2.zero which might very a lot ship the price of Ethereum to new heights.
Moreover, some might be making good use of their idle ETH by locking the funds in the various DeFi platforms. A fast take a look at DeFiPulse.com reveals {that a} complete of 8.9 Million Ethereum is locked on DeFi platforms. That is roughly 7.84% of the entire circulating provide of 113.four Million ETH.
Summing it up, fewer and fewer Ethereum traders are storing their ETH on crypto exchanges. This truth is especially bullish because it factors in direction of much less promoting stress for Ethereum at the very least within the quick time period.
These opting to retailer their Ethereum exterior exchanges might be doing so in anticipation of the launch of ETH2.zero which kicks off on December 1st. This occasion ought to usher in a interval of transition for Ethereum to a Proof-of-stake community. There might be additionally an enormous share of Ethereum traders who’re utilizing their ETH to capitalize on yield farming on the assorted DeFi protocols.
Source: www.newworldtimes.net
Author: newworldtimes
