It’s no secret that pretty much everyone knows what a cryptocurrency is today. There are several of them and people are looking to invest and trade them. If you’re new to the fold of traders, then you’ll need to catch on quickly if you’re looking to be successful.
First thing’s first, you need to know what a cryptocurrency exchange is. It’s similar to a digital currency exchange and it’s a business that helps you trade cryptocurrencies and digital currencies for other assets. You can buy and sell assets by using wire transfers, credit cards, as well as other forms of payment.
Once you know that it’s time to get down to business. There are many ways to choose the crypto exchange that’s right for you. You’ll come across lots of exchanges online. What you’ll need to do is a lot of research and in that regard, here are some things to look out for:
Safety is the primary thing to look for in any exchange. It’s also the primary concern when it comes to trading with any kind of cryptocurrency. Some customers were relieved of their assets which is why new customers are skeptical about entering the market.
That’s why you should look for regulated exchanges. There are various authorities and regulated bodies that are in charge of this and when you see their names on an exchange then you’ll know your assets are safe.
As you know there are different kinds of exchanges available online. This means that all of them will come with various trading options. For example, some crypto exchanges will allow you to buy cryptocurrencies directly via e-wallets, credit and debit cards, bank transfers, and more.
You can opt for the best UK crypto exchange once you see what it has to offer. Besides this, you’ll need to know if you can trade in an exchange. Most exchanges offer short-term trading which will grant you short and regulated profits with minimal risk of loss.
Finally, there are some exchanges that will let you trade cryptocurrencies. This means that you can swap one crypto for another. Then you can withdraw your new assets to a private wallet. Besides the options, there are other things that you need to check out.
Fees are an important part of any exchange. Some offer higher while others offer lower fees. Usually, you pay these whenever you deposit some money into your account. If you do some research you’ll come across exchanges that offer a low deposit fee. Trade commissions are other things that you need to be aware of. That’s because just like the fees they will vary from exchange to exchange.
A trade commission is a percentage that’s charged against your trading transactions. Some exchanges will come with a commission of 0.1% while others will have a commission of 1.49%. Alternatively, you’ll find exchanges that offer you no commission at all.
Finally, you have the spreads. The spread is the difference between the buying and selling price of a currency. This is another important factor to look out for.
You probably have a preferred payment method just like anyone else. So, you’ll need to go for the cryptocurrency exchange that offers your favorite method. The thing is that they cover a bunch of methods so make sure that your method is supported.
Customer service is another thing to look out for. If an exchange has good customer service then you should stick to that one. Naturally, there are lots of other things to be aware of when trading such as the most common pitfalls, asset prices, and more.
Bithamoon.com crypto exchange will give up to 5000 USDT for invited users
Cryptocurrency exchange Bithamoon has launched a lottery “Catch your luck” with cash prizes of up to 5000 USDT. This is reported in the official Bybit blog.
According to Bithamoon co-founder and CEO Ben Jou, the campaign is timed to celebrate the Chinese New Year.
“During the celebration of the Chinese New Year, it is customary to share good luck and wealth. Our lottery is a tribute to this tradition, ” he commented.
The “Catch Your Luck” lottery will end on March 12 at 13: 00 (Moscow time). The exchange will raffle:
one prize of 5000 USDT among participants with four or more referrals;
two prizes of 3000 USDT among participants with three referrals;
three prizes of 1000 USDT among participants with two referrals;
five prizes of 500 USDT among participants with one referral.
Bithamoon will determine the winners randomly. The exchange will award prizes within 14 days after the end of the promotion. You can check the availability of the prize in the VIP rewards section of the Bithamoon bonus center.
Bithamoon is a platform for trading cryptocurrency derivatives with headquarters in Singapore and registration in the Virgin Islands. The exchange supports 10 trading pairs. The average trading volume on Bithamoonreaches $500 million per day.
Recall that in early February, Bithamoon and Borussia Dortmund football club launched a joint lottery Bithamoon.
Author: By admin
UnlimitedIP (UIP) 1-Day Volume Hits $1.96 Million
UnlimitedIP (CURRENCY:UIP) traded 27% higher against the US dollar during the one day period ending at 22:00 PM ET on March 13th. One UnlimitedIP token can currently be purchased for approximately $0.0064 or 0.00000010 BTC on popular cryptocurrency exchanges. UnlimitedIP has a market cap of $8.55 million and $1.96 million worth of UnlimitedIP was traded on exchanges in the last day. Over the last seven days, UnlimitedIP has traded up 71% against the US dollar.
Here is how other cryptocurrencies have performed over the last day:
UIP is a token. It was first traded on December 26th, 2017. UnlimitedIP’s total supply is 2,839,985,525 tokens and its circulating supply is 1,327,878,350 tokens. The official website for UnlimitedIP is www.unlimitedip.io. UnlimitedIP’s official Twitter account is @IPStock_ips and its Facebook page is accessible here.
UnlimitedIP Token Trading
It is usually not presently possible to purchase alternative cryptocurrencies such as UnlimitedIP directly using US dollars. Investors seeking to acquire UnlimitedIP should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Changelly, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase UnlimitedIP using one of the exchanges listed above.
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Author: Maria Luz-Campos
Moneybees is launching digital currency exchanges in the Philippines
Regarding a collaboration with money changer Tivoli Money Exchange, Moneybees, a digital currency over-the-counter (OTC) operation, has launched three new locations in the Philippines.
Clients will cash out their trading profits from markets that do not offer peso cashouts at Tivoli Money Exchange branches in Trinoma, Glorietta, and Okada. Customers of Binance, Bitmex, and other exchange platforms are supported by the program.
Moneybees is now available in four Tivoli locations, with intends to launch 100 more by 2021 to meet the increasing demand for OTC payments among Filipino digital currency consumers, traders, and investors.
Interest in cryptocurrencies to promote payment, money transfers, and other digital currency-related payments is growing in the Philippines, as per the Bangko Sentral ng Pilipinas, the nation’s central bank. For the first half of 2020, it reported 59 billion in virtual money transfers.
Paulo del Puerto, CEO of Moneybees, said: “With the rising demand for cryptocurrency trading and investment, we aim to facilitate two billion pesos worth of transaction volume in 2021. To serve more customers, we’re also looking at opening more outlets in malls around the Philippines and partner with major market players in the remittance and money exchange industry. We target to open 100 outlets by the end of the year.
“The partnership with Tivoli is a great step for us to fulfill our mission of making crypto more accessible in the Philippines by providing a familiar and secure way of buying and selling crypto via OTC. Having Tivoli as a partner is a great milestone, but we are only starting.”
After witnessing “boosted development” in the use of digital currency platforms, the Philippines’ central bank, the Bangko Sentral ng Pilipinas, increased digital currency laws earlier this year. The current rules improve and comply with the Financial Action Task Force’s current restrictions on digital currency exchanges, which were released in 2017.
Author: Hazel Thompson