Boxmining v2

Author: Angela Wang

  • Gate.io Exchange Review (2023): A Massive Selection of Cryptocurrencies

    Gate.io Exchange Review (2023): A Massive Selection of Cryptocurrencies

    Gate.io, an esteemed cryptocurrency exchange platform launched in 2013, maybe the most prominent choice at first glance. Nevertheless, this review intends to examine the platform’s strengths and assess whether it is a viable option for cryptocurrency traders.

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    What is Gate.io?

    Gate.io is one of the oldest and fastest-growing crypto exchanges in China, operating since 2013 and rebranded to Gate.io in 2017. It offers a wide range of services, including an Initial Exchange Offering (IEO) platform, numerous cryptocurrencies, margin trading with leverage, and other advanced financial services such as margin lending or borrowing. Despite having a powerful trading engine, the platform interface may feel cluttered and is not the best starting place for inexperienced investors.

    It offers a wide range of features, including spot trading, margin trading, and futures trading. While it has had some issues in the past, many users have praised its user-friendly interface, low fees, and wide selection of coins. However, some users have complained about slow customer service, lack of fiat currency support, and occasional technical glitches. Ultimately, Gate.io is a reliable and secure exchange platform that offers a wide range of features and coins, but it may not be the best choice for those looking for a platform with fiat currency support or fast customer service.

    Key Features of Gate.io

    • Numerous cryptocurrencies. Gate.io is recognized as an altcoin exchange due to its offering of 180 diverse cryptocurrencies and almost 400 cryptocurrency markets, but it exclusively deals with cryptocurrencies and does not handle fiat.
    • The platform’s functionality. Gate.io offers a wealth of features including trading in cryptocurrency markets, 10x leverage margin trading, margin lending or borrowing, participation in investment plans, investment in IEO’s through Gate.io Startup platform, perpetual swap contracts, and other functionalities.
    • Fees are reasonable. Gate.io, like most altcoin exchanges, charges a minimal fee. It is not the cheapest service on the market, but there are various discounts. Trade on the platform costs 0.2% of the entire order amount.
    • Security. The Gate.io team is security-savvy; CER ranked it as one of the top exchanges in terms of cybersecurity. Users can encrypt their accounts in a variety of ways, and the platform has a number of built-in security features.
    • Customer service. Aside from the 24/7 live chat available to all users, it also provides a large help database including a FAQ section and a New Use Guide. You can also file support tickets for more complex issues.

    Key Advantages of Gate.io

    Despite any negative aspects, let’s begin by highlighting the positive features of Gate.io. The exchange’s most significant advantage is its extensive support for various cryptocurrencies.

    More than 200 Cryptocurrencies are Supported

    Gate.io stands out from other exchanges by offering over 200 different cryptocurrencies for trading, which is highly valued by crypto enthusiasts interested in niche coins. As the crypto market continues to grow and attract more investors, exchanges have started to diversify their offerings to meet demand. Since Gate.io is one of the oldest exchanges in the industry, it’s not surprising that it has a broad selection of coins to choose from. Multiple customer reviews also highlight this as one of the exchange’s top features.

    Effective Security Measures

    When evaluating a crypto exchange, security should be your top priority, and Gate.io appears to be on the more secure side according to user reviews. They use both hot and cold wallets, with the latter being hardware devices that keep private keys and cryptocurrencies offline. (Tramadol) In addition, the exchange offers two-factor authentication and specific notifications to keep users informed about account activity.

    Fees are Quite Low

    After perusing some user reviews of the Gate.io exchange, it’s apparent that their fees are one of the main reasons people choose to trade there. To understand why this is, let’s first discuss the two terms that frequently come up in discussions of exchange-related fees: market “makers” and “takers.” Makers place an order to purchase crypto at a set price, while takers buy instantly at the current market price.

    Typically, makers and takers are charged different fees, with takers paying higher fees since they don’t have to wait for a certain price. However, with Gate.io, things are different. They offer a flat fee model where both makers and takers pay the same set fee, regardless of the circumstances. This fee is quite reasonable at 0.2%, which falls within the industry standard. Although withdrawal fees are a different story, as they depend on the specific cryptocurrency being withdrawn, Gate.io’s withdrawal fees for Bitcoin are around 0.0005 BTC, which is below the industry average and puts them on par with some of the top exchanges out there.

    Key Disadvantages of Gate.io

    Despite the various features discussed in this review, it’s important to note that not all Gate.io customer reviews are positive, with some users expressing concerns about the exchange.

    Purchases of Fiat Cryptocurrency are Not Permitted

    Gate.io is a popular crypto exchange, but it has one major drawback – it does not support fiat currency payments. This means that users can only purchase and trade cryptos on the platform with other cryptocurrencies. This can be especially frustrating for newcomers, as it requires them to purchase cryptocurrencies on another platform and then transfer it to Gate.io in order to trade. This can be a deal-breaker for many, as it adds an extra step and hassle to the process. The reason why Gate.io does not support fiat currency payments is that it is not a regulated exchange.

    Not a Regulated Crypto Exchange

    Gate.io is an anonymous cryptocurrency exchange, which means that the team behind it is unknown. While some crypto enthusiasts appreciate the decentralized nature of such exchanges, others are concerned about their lack of regulation and potential security risks. With no public team information available, it is difficult to know who is behind the exchange and whether they can be trusted.

    Additionally, Gate.io does not support fiat currency payments, which can be frustrating for new traders. This means that you can only purchase and trade cryptocurrencies on the platform with other cryptocurrencies. While the flat fee of 0.2% for both makers and takers is reasonable, there are also withdrawal fees to consider, which can vary depending on the cryptocurrency.

    Overall, the lack of transparency regarding the team and regulation status of Gate.io is a red flag for many traders. While the exchange may offer competitive fees and a user-friendly interface, the potential risks associated with unregulated exchanges cannot be ignored. As always, it’s essential to do your research and exercise caution when trading on any platform, particularly those with an unknown team and regulatory status.

    Previous Security Breach and Insurance Deficiency

    Gate.io experienced a security breach in early 2019, where a hacker stole hundreds of thousands of dollars worth of Ethereum Classic during a 51% hack. As expected, this kind of security breach is a major concern when choosing a cryptocurrency exchange. While it’s true that some exchanges have experienced hacking issues and have emerged relatively unscathed, it’s usually because they have some form of insurance. Unfortunately, Gate.io has no insurance whatsoever, as it is an unregulated exchange.

    This is a major drawback for users, and it’s important to note that if your funds are stolen, there is no guarantee that you will get them back. Many Gate.io exchange reviews emphasize this point, and it’s something to keep in mind when deciding whether or not to use this platform.

    The Interface Is A Little Clunky

    While the Gate.io platform offers a variety of features, some users find the interface and trading layout quite complex and not user-friendly, according to user reviews. The overwhelming and cluttered user interface is a common complaint among new users who lack experience in trading on asset exchanges or brokerages.

    This could be a significant concern for inexperienced users who are not accustomed to the trading environment. However, Gate.io does offer a mobile app version of the exchange that seems to be optimized better than the desktop site.

    How to use Gate.io?

    We have now discussed the major advantages and drawbacks of the Gate.io exchange. It’s evident that this particular platform is quite divisive – while some users have shared negative experiences, others consider its decentralized and unregulated nature to be a pro rather than a con.

    Having said that, let’s take a more practical approach and assess how easy (or challenging) it is to register on the exchange. We’ll also discuss how to add funds to the exchange and purchase your preferred cryptocurrencies, and later sum things up.

    How to Register on Gate.io?

    First and foremost, here is the registration procedure.

    • Step 1: Go to the Gate.io official website and click Sign Up.
    • Step 2: On the next screen, enter your country, email, and establish a username and password.
    • Step 3: You must now create a fund password.
    • Step 4: You will now be prompted to confirm your email address.
    • Step 5: Once you have verified your email, you can simply connect to the platform and begin trading!

    When you first log in, you will be requested to input an email code for added security – this is a good thing!

    How to Fund Gate.io?

    Let’s get started with funding your account.

    • Step 1: Once logged in, navigate to the top-right corner of the screen and select My Funds under Account Settings.
    • Step 2: You will be automatically led to your Exchange Account at this point. The cryptocurrencies which you can deposit, withdraw, and trade will be displayed. As stated before in the Gate.io exchange review, you cannot deposit fiat money into your account or use it to purchase crypto coins.
    • Step 3: A Bitcoin wallet address will be generated for you in a matter of seconds. You can either copy-paste it or scan the QR code; just make sure to double-check the address in the wallet or exchange where you are depositing your Bitcoin!

    Now, the depositing process is actually pretty quick and simple, similar to the registration process stated before – this is something that is also agreed upon in most user Gate.io reviews.

    Conclusion

    In conclusion, the question remains – would I recommend trying out Gate.io? It’s a tough call, as there are better options available such as Binance and Coinbase. While Gate.io offers a vast range of niche cryptocurrencies, a mobile app, and reasonable fees, it has a shady past, lacks fiat payments, is unregulated, and has a clunky interface.

    However, for those well-versed in crypto and interested in trading lesser-known assets, Gate.io might be worth considering, as it supports margin and leverage trading. It’s important to note that Gate.io is safe and requires some KYC verifications for withdrawing funds. I hope this review has been helpful in your decision-making process, and wish you the best of luck in your crypto endeavors.

    Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.

  • LATOKEN Exchange Review (2023): Estonia-based Cryto Exchange

    LATOKEN Exchange Review (2023): Estonia-based Cryto Exchange

    LATOKEN is an Estonia-based cryptocurrency exchange offering users a multi-asset crypto trading platform, financial services, FinTech, cryptocurrency wallet, and a neobank. In this LATOKEN review, we’ll take a look at the company behind the platform, exploring the platform’s features, supported cryptocurrencies, customer service, and more.

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    What is LATOKEN?

    LATOKEN, a cryptocurrency exchange based in Estonia, was founded in 2017 by CEO Valentin Preobrazhensky and three other experts. With a current staff of around 270 employees, LATOKEN has experienced rapid growth since its inception.

    LATOKEN offers users the ability to trade digital assets. It has evolved from its original goal of creating a multi-asset crypto trading platform to become a regular platform for trading digital assets with additional features.

    In addition to crypto trading, the company also offers users a range of financial services, FinTech solutions, a cryptocurrency wallet, and a neobank – an online-only banking service.

    LATOKEN is currently ranked 111th on CoinMarketCap based on its exchange score, but its daily trading volume places it much higher at around 60th position. CoinMarketCap’s Top-20 rankings in March 2019 saw HitBTC enter the list, showing that the exchange is a worthy competitor in the cryptocurrency exchange space.

    Key Features and Advantages of LATOKEN

    Additional Services

    LATOKEN is a cryptocurrency trading platform that offers more than just an exchange. It also provides users with digital wallets for their cryptocurrencies, loans, and other services. LATOKEN’s official website offers investors the chance to invest in startups on the world’s largest IEO Launchpad. Before investing, it is important to understand the risks and do thorough research to avoid potential losses.

    You can refer your friends to the platform and get rewarded. When someone signs up using your referral link, you’ll get a $50 credit that can be used to pay 25% of fees. Plus, you’ll get money when those people start trading.

    You can list your project on the LATOKEN exchange and take advantage of the referral program to attract organic traders, as well as improve the performance of your digital asset. Additionally, you can access more than 500k LATOKEN users worldwide via Data Room or Online Video Pitch and pitch to thousands of investors from the LATOKEN network. Furthermore, you can perform various tasks and earn crypto rewards for doing that.

    VCTV (Venture Capital Television) is the perfect platform to pitch your startup to investors. With its focus on technology and entrepreneurship, VCTV provides feedback and valuable contacts that can help you in the future. Currently, LATOKEN has 25 major investors.

    Wide Range of Assets to Choose From

    LATOKEN offers an extensive selection of cryptocurrencies, with more than 250 supported coins, including:

    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • USD Coin
    • EOS
    • Litecoin
    • and 250 more

    LATOKEN supports a wide range of cryptocurrencies, including the most popular ones such as Bitcoin, Ethereum, and Litecoin, as well as lesser-known tokens. However, it is important to note that some of these tokens may not be as reputable as the more popular ones, so it is important to do your own research before investing.

    Easy to Start Trading

    Usability is an important factor to consider when choosing a cryptocurrency exchange. If you are a beginner and have never used a similar platform before, you should pay attention to the platform’s user interface and how easy it is to use. After all, if you plan to use it regularly, it is essential to make sure that the platform is user-friendly.

    LATOKEN is a user-friendly platform that provides a range of services, including a trading platform, crypto wallet, IEO Launchpad, LADEX, and LA airdrop. The platform’s landing page makes it easy to find and access all of these services.

    This platform offers support for multiple languages, including English, Spanish, Chinese, Vietnamese, Portuguese, German, and Italian. You can easily select your preferred language from the drop-down menu at the top-right of the page. If you have any questions, the company’s customer service team is available to provide assistance.

    LATOKEN offers four levels of verification, each of which is required for different withdrawal limits:

    • Tier 0 – 1,000 USD/24h withdrawal limit.
    • Tier 1 – 10,000 USD/24h withdrawal limit.
    • Tier 2 – 100,000 USD/24h withdrawal limit.
    • Tier 3 – 100,000 USD/24h withdrawal limit and access to alternative tokens.

    For Tier 3 verification, you need to provide your contact information. From email, full name, phone number, and date of birth, as well as proof of your citizenship, residence, and identity. Additionally, you must submit a photograph and complete the corresponding questionnaire to complete the verification process.

    Focus on Security

    When selecting a cryptocurrency exchange, security should always be the top priority. Look for a provider that takes your privacy and security seriously, so you can be sure your account is safe and secure.

    LATOKEN is a secure cryptocurrency exchange that provides users with:

    • Encrypted keys
    • Password security 
    • Secure storage 
    • Data transmission
    • DDOS protection
    • 2FA verification 

    LATOKEN provides an online wallet for storing your cryptocurrencies. However, it is recommended to use a hardware wallet for added security as it does not store your private keys online. It encrypts your private keys with AES-256 encryption for added security.

    LATOKEN is renowned for its security measures, with 99.95% of users’ funds stored in cold storage using multi-signature technology and AES-256 encryption with a 256-bit key, which is considered virtually unbreakable. It ensures user security by using Salted SHA-256 encryption to protect passwords. This encryption method is enhanced with a random data addition, known as a salt, to make passwords more secure. Although SHA-256 is less secure than BCRYPT, SCRYPT, or Argon2, it still provides a reliable layer of protection.

    LATOKEN ensures secure data transmission through the use of encrypted Transport Layer Security (TLS) connections (i.e., HTTPS). Additionally, Two-Factor Authentication (2FA) is required for any changes to your account or withdrawals, providing an extra layer of security for users. Their advanced distributed system architecture provides protection against DDoS attacks, ensuring that trading on the exchange is not disrupted by external threats.

    Quite Average Trading and Withdrawal Fees

    LATOKEN offers competitive trading fees, with lower fees for market makers than market takers. This allows users to benefit from the best prices available on the market, while still enjoying lower fees than their competitors.

    LATOKEN prices for both market makers and traders:

    LATOKEN offers traders the ability to trade Perpetual Futures, which are contracts that agree to buy or sell a specific cryptocurrency at a future date for a certain price. With LATOKEN, the more you trade, the lower your fees will be, as fees are based on your 30-day trading volume.

    Futures trading offers the potential to capitalize on price volatility, but it can also be highly risky. Before making any decisions, it is important to ensure that you have a thorough understanding of the risks involved.

    LATOKEN also offers some of the lowest Perpetual Futures trading fees in the market, with the same fees for both makers and takers.

    LATOKEN regularly updates withdrawal fees based on market and blockchain conditions, and these fees are charged in the cryptocurrency you wish to withdraw. One example of LATOKEN fees are shown below:

    LATOKEN’s trading fees are generally average, but their withdrawal fees may not be as user-friendly. Additionally, there have been many negative customer reviews regarding the withdrawal process.

    Mobile Application

    The LATOKEN mobile app is available for both Android and iOS, making it accessible to all mobile device users. It has an impressive 4.2-star rating on Google Play and has been installed by over 500,000 people. The app includes both a cryptocurrency exchange and a digital wallet that can be created in minutes with just an email address and phone number. For maximum security, it is recommended to store your cryptocurrencies in a hardware wallet, also known as a cold wallet.

    If you’re looking for a secure way to store your digital assets, consider investing in a hardware wallet such as Ledger Nano X, Trezor Model T, or Ledger Nano S Plus. Alternatively, for an online wallet, Coinbase offers exceptional security measures.

    The LATOKEN app provides users with the necessary tools and features to grow their crypto assets and start trading. Additionally, users can take advantage of price alerts to ensure they never miss out on buying or selling cryptocurrencies at their desired price. Stay up to date with the latest crypto and blockchain news with the LATOKEN mobile app. Track the latest industry developments and make informed decisions about price fluctuations.

    The LATOKEN app update has introduced a new referral program that offers users a $50 credit on their accounts and daily cashback when people sign up with their referral link. This program provides users with an opportunity to generate extra income.

    Most customer reviews of the LATOKEN app are positive, with users praising its ease of use and the wide selection of lesser-known tokens available on the exchange.

    Multiple Support Options

    For those new to crypto trading, having helpful customer service to guide you through the process can be invaluable. Crypto exchanges are becoming increasingly popular, and there are many resources available to help beginners get started. When it comes to LATOKEN customer service, reviews are mixed. Some customers report that the customer service is reliable and helpful, while others have experienced long wait times for a response. It is unclear what kind of service to expect from LATOKEN.

    For instant assistance, LATOKEN customer service is available 24/7. You can contact their customer support team directly with your query. There’s also a live support widget on their platform for a more convenient experience. For any queries or issues, LATOKEN customers can easily submit a ticket via their ticket submission form. They can also join the official Telegram group for more answers. With multiple customer support options available, users can quickly and easily get their issues resolved.

    Overall, LATOKEN’s customer support has been met with mostly positive reviews, with more customers expressing satisfaction than dissatisfaction.

    Key Disadvantages of LATOKEN

    Negative Customer Reviews

    When selecting a product or service, it is important to read customer reviews. People who have been using the platform or service for a long time are the best source of information about its pros and cons. Upon researching Lotaken reviews, it has a low rating of 3.1 stars on Trustpilot. Almost half of the reviews being negative.

    Many users have reported that they have been scammed by this platform. They are claiming that they only received a fraction of the value they were promised when selling cryptocurrencies. Furthermore, customers have been unable to contact customer support for assistance, leaving them feeling ignored and frustrated.

    It is important to always keep your cryptocurrencies in secure hardware wallets to avoid any potential losses. Additionally, it is important to check the withdrawal fees of different assets applied by LATOKEN before making any transactions. Some users have reported paying high fees for their transactions.

    Many customers have left reviews on Trustpilot about their experiences with LATOKEN. The most commonly heard phrase being ‘LATOKEN scam’. Unfortunately, some users have reported being unable to withdraw their cryptocurrencies when they had thousands of coins stored in their accounts.

    How to Register on LATOKEN?

    The following steps are quick and easy to follow:

    1. Create an account on LATOKEN’s official website by clicking the Sign up button.
    2. Provide an email address and password to create an account. This information will be used to access your account in the future.
    3. Verify your account by entering the code sent to your email address for confirmation.

    After that, you’re done! It’s as simple as that to register and create an account on LATOKEN.

    Conclusion

    LATOKEN is a cryptocurrency exchange platform that supports more than 250 cryptocurrencies and focuses on security. However, there have been numerous customer complaints about the platform, with some claiming that it is a scam and that they have experienced issues when withdrawing money or that their assets have simply disappeared with no response from customer support.

    Before making a decision on whether LATOKEN exchange is the right choice for you, it is important to consider all aspects of the platform.

  • Paybis Exchange Review (2023): A Crypto Exchange in the UK with a Wide Range of Payment Options

    Paybis Exchange Review (2023): A Crypto Exchange in the UK with a Wide Range of Payment Options

    Paybis is a popular UK-based cryptocurrency exchange offering users a wide range of features and benefits, with many positive users reviews online. This article will provide an overview of the pros and cons of a particular exchange, discuss its usability aspects, examine the speed and ease of registration and account funding processes, and conclude with my own personal opinion.

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    What is Paybis?

    Paybis is a global cryptocurrency exchange that makes it easy for users to buy their first crypto. Launched in 2015, Paybis offers a wide range of cryptocurrencies that can be purchased with credit and debit cards, Neteller, Skrill, bank transfers, and Bitcoin. With services available in over 180 countries, Paybis is a reliable and secure platform for users to purchase their desired crypto. With its easy-to-use interface, Paybis is the perfect platform for users to get their hands on their first crypto.

    The founders created the platform to help people participate in the exciting world of blockchain. They offer a variety of payment methods and have a near-perfect score on Trustpilot. Their dedicated support team ensures that customers have a great experience and come back to use our service again. They are committed to providing a secure and responsive platform for buying and selling cryptocurrencies.

    Key Features of Paybis

    Paybis distinctive features include:

    A conversion calculator is very useful. To find out how much a specific amount of any offered cryptocurrency will cost you, simply enter the amount into the Paybis website’s calculator.

    Fast KYC procedure. The KYC procedure takes approximately 15 minutes, after which you are free to trade.

    FCA certification. The Financial Conduct Authority, the UK regulatory authority, has granted the exchange a license.

    Referral program. for each friend you refer to the platform, you earn 20% of the Paybis fees they pay—large customers who bring in many referrals or enterprise-level users can negotiate a higher percentage with the team.

    There are no wallets on the exchange. For security reasons, instead of keeping your funds in an exchange-hosted wallet, they are immediately transferred to your own wallet that you enter during the purchasing process.

    Coverage on a global scale. Paybis provides its services in over 180 countries worldwide, as well as 48 US states (the only exceptions being Hawaii and New York).

    Acceptance of credit/debit cards. Paybis is one of the few exchanges that accept these payment methods. To purchase cryptocurrency, you can also use Neteller and Skrill, as well as bank transfers, and even Bitcoin.

    Key Advantages of Paybis

    Paybis is a popular cryptocurrency exchange platform that has earned positive reviews from users for its reliable and secure services.

    A Very Secure Cryptocurrency Exchange

    When it comes to picking the best cryptocurrency exchange, security should always be the top priority. Many exchanges offer a wide range of features and offers, but if the security is lacking, it won’t matter. Most exchanges have some sort of insurance in place, but it’s better to be safe than sorry. Make sure to do your research and read reviews to ensure the exchange you choose is secure and reliable. Additionally, look for features like two-factor authentication, cold storage, and other security measures. By taking the time to find a secure exchange, you can rest assured that your funds are safe.

    It enforces strict KYC regulations, meaning users must pass extensive identity verification steps before they can make any major moves on the platform. Additionally, Paybis does not store cryptocurrency on its platform, making it a non-custodial exchange. This means users must possess a wallet of their own to transfer their funds after trading. All of these features make Paybis one of the most secure crypto exchanges in the industry.

    Around-the-Clock Customer Support

    This platform offers 24/7 customer support. This means that customers can get in contact with the exchange’s customer support at any time, no matter what issue they are facing. The customer support is friendly and patient and will help with any issue. Paybis is a great choice for those looking for a reliable and secure cryptocurrency exchange with excellent customer support.

    Accepting Fiat Payments!

    Paybis is a cryptocurrency exchange that allows users to purchase cryptocurrencies with both credit & debit cards and bank transfers. This is great news for crypto enthusiasts, as it eliminates the hassle of transferring coins from other exchanges or wallets. Paybis is also a legitimate exchange, as it supports KYC identity verification and fiat payments. Recently, Paybis has also added Apple Pay support, allowing MacBook, iPad, and iPhone users to purchase cryptocurrencies with just a single click. All of these features make Paybis a great choice for anyone looking to buy or sell cryptocurrencies.

    Fast Payouts

    Paybis is a platform that is known for its fast payouts. Customers have reported that transfers from the exchange to their bank accounts are processed quickly and reliably. This is a great feature for crypto enthusiasts who have experienced long wait times with other exchange platforms. Paybis also offers ETH packages, which is another great feature that customers have praised in their reviews. All in all, Paybis is a reliable and efficient exchange platform that is sure to meet the needs of any crypto enthusiast.

    Easy-to-Use Interface

    This platform offers a simple and straightforward user interface. Reviews of the exchange praise its simplicity and functionality, making it a great choice for those who are new to cryptocurrency trading. The platform is designed to be both simple and functional, with only the essential features and buttons. The interface is easy to use and makes buying Bitcoin (or any other cryptocurrency) quick and seamless. Paybis is a great choice for those who want a simple and straightforward cryptocurrency exchange.

    Now Supports a Variety of Cryptocurrencies!

    Paybis has expanded its list of supported cryptocurrencies, now offering a huge selection of coins and tokens. This includes BTC, DOGE, BNB, USDT (ERC-20 and TRC-20), ETH, LTC, USDC, LINK, YFI, SHIB, AXS, AAVE, ENJ, BAT, PER, SXP, CRV, NMR, HOT, SAND, KNC, MKR, COMP, WBTC, DAI, SUSHI, CHZ, UNI, XRP, BCH, XLM, and TRX. This is a much larger and more varied selection than before, allowing crypto enthusiasts to find what they’re looking for. With this expansion, Paybis is now one of the most comprehensive crypto exchanges available, offering a wide range of coins and tokens for customers to choose from.

    Key Disadvantages of Paybis

    Based on user Paybis reviews, let’s take a look at some of the less-than-ideal aspects of the exchange to get a better understanding of the platform.

    Some US Investors are Not Eligible

    Paybis is a UK-based cryptocurrency exchange, but unfortunately, US-based customers in the states of New York (NY) and Hawaii (HI) are not able to utilize the features of the exchange. Additionally, some restrictions apply to Texas-based residents. This limits the number of people who are able to use the platform drastically, as the exchange isn’t available in some other countries as well. Paybis is a great platform for those who are able to use it, but the restrictions on US-based customers are a major setback.

    Fiat Payment Fees are Expensive

    Paybis is a reliable crypto exchange platform, but it does come with a few drawbacks – namely, the fees. Purchasing cryptos with a credit or debit card will incur a minimum fee of $10, up to a transaction of $225, and a 4.5% fee for anything above that. Bank transfers start from 3.99%, and Skrill from 2.95%. Exchange fees range from 1% to 8.95%, and there are also “service fees”. All in all, Paybis is one of the more expensive exchanges on the market, but the additional features and reliability of the platform make it worth the fees for many crypto enthusiasts.

    How to Register on Paybis?

    Starting at the beginning, let’s sign up for the platform.

    • Step 1: Go to the official Paybis website and click Sign Up.
    • Step 2: On the next screen, you’ll be prompted to enter your email address and create a password.
    • Step 3: You will then be redirected to the platform’s exchange section, where you can begin purchasing your desired cryptocurrency.

    Talk about a smooth registration process, huh? That was lightning fast! Naturally, you should expect requests to confirm your email and pass KYC verification processes in due course, but the initial registration takes no more than 30 seconds!

    How to Purchase Cryptocurrency on Paybis?

    After you’ve registered on the site, the next step is to begin trading and purchasing your desired crypto assets. We’ll proceed from there because Paybis redirects you to the exchange section of their website upon registration.

    • Step 1: Choose your desired payment method and fiat currency, then enter the amount you’d like to spend to begin your cryptocurrency exchange transaction.
    • Step 2: Now, repeat the process in the “You receive” section as well. Here, you must select the cryptocurrency that you wish to purchase.
    • Step 3: After clicking Buy Bitcoin, you will be directed to a separate page where you will be required to complete some KYC verification processes. These procedures entail providing Paybis with proof of identity, a selfie, and your residential address.

    After that, you will be able to complete your transaction!

    Conclusion

    Paybis is a cryptocurrency exchange that is suitable for beginners in the field of cryptocurrency trading. It is not a scam and offers a simple and straightforward platform for users to buy and sell cryptos. However, advanced traders should take note of the high fees, lack of crypto trading options, and the fact that the site might be too simple. If Paybis is not suitable for your needs, there are other cryptocurrency exchanges available that may be better suited for your specific crypto trading wants and needs.

    Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.

  • Wirex Exchange Review (2023): A Convenient Solution for Crypto-Fiat Exchange

    Wirex Exchange Review (2023): A Convenient Solution for Crypto-Fiat Exchange

    Wirex is an underrated crypto wallet and exchange platform offering a wide range of features to its users. Read this Wirex review, consider all of the platform’s pros and cons, and make the best decision for yourself!

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    What is Wirex?

    Wirex is an innovative app and payment card that allows users to send, receive, exchange, and spend a range of digital and conventional currencies. With the Wirex platform, users can make payments via its Wirex App and payment card, which support the spending of 9 cryptos including Bitcoin (“BTC”), Dai (“DAI”), Ethereum (“ETH”), Litecoin (“LTC”), Nano (“NANO”), Ripple’s XRP (“XRP”), Stellar’s Lumen (“XLM”), Waves (WAVES”), and Wirex Token(“WXT”). With Wirex, users can easily manage their digital and conventional currencies in one place, making it easier to send, receive, exchange, and spend money.

    It is a London-based digital payment platform that supports 16 fiat currencies and 3 payment methods. Founded in 2016, the platform is regulated by the UK’s FCA, the Bank of Lithuania, and Singapore’s MAS. It supports countries across Europe and the Asia Pacific, including the UK, France, Spain, Portugal, Germany, Italy, Poland, Czeck, Slovakia, Austria, Norway, Sweden, Denmark, the Netherlands, Romania, Australia, Hong Kong, New Zealand, the Philippines, Singapore, Taiwan, and Thailand. With Wirex, users can securely and conveniently make payments in 16 fiat currencies, including the Australian Dollar, British Pound, Canadian Dollar, Croatian Kuna, Czech Koruna, Euro, Hong Kong Dollar, Japanese Yen, Mexican Peso, New Zealand Dollar, Polish Zloty, Romanian Leu, Singapore Dollar, Swiss Franc, and U.S Dollar.

    Key Features of Wirex

    Key attributes of the Wirex platform include:

    The Customer Support team responds quickly: Customers can contact customer service by submitting a support ticket.

    Fiat Money: Users can send, receive, exchange, and spend any of the nine supported fiat currencies.

    Fees are competitive: There are no exchange fees and no multicurrency fees.

    Global Reach: Wirex is available in 130 countries worldwide and is rapidly expanding.

    Regulated: Wirex is supervised by the FCA, the Bank of Lithuania, and the MAS.

    Simple Registration Process: Registration takes only a few minutes, and the verification process takes no more than 5 minutes. Users can’t make deposits until the verification process is finished.

    Mobile Compatibility: The Wirex app is available for both Android and iOS smartphones.

    Key Advantages of Wirex

    With that said, let’s take a look at all of Wirex’s different features and highlight the best ones!

    24/7 Customer Support

    Wirex is a crypto wallet and exchange platform that provides 24/7 customer support. This is a rare feature in the crypto industry, and Wirex reviews show that users are very pleased with the customer service they receive. The support team is available all around the clock and can help with any issue, from Wirex Bitcoin withdrawals to debit card issues. Depending on the inquiry and account status, live customer support might not be available, but users report that response times are quick when submitting a ticket via the company’s official website. With Wirex, users can rest assured that they will receive the help they need, whenever they need it.

    Bitcoin Debit Card Available

    Wirex is a cryptocurrency exchange platform that offers its customers a unique feature – a Bitcoin debit card. The card is free of charge and can be used anywhere where Mastercard or Visa is accepted. It is based in GBP and is supported in almost 40 countries. On top of that, users can transfer up to £15,000 (or the equivalent in their currency) to the card. The best part is that users can receive up to 1.5% cashback in BTC through Cryptoback™ Rewards whenever they use the Wirex card as their preferred payment method. This is a great way to add to your Bitcoin balance without actively trading or exchanging BTC coins.

    Fully-Functional Crypto Exchange Features

    It is a great platform for crypto traders and hodlers, offering built-in exchange functionality and convenience. It allows users to purchase and exchange some of the main crypto assets with decent fees, all from the comfort of a single interface. It is especially useful for crypto newbies, as it eliminates the need to research and look for exchange or wallet alternatives. Wirex supports a limited list of crypto coins, but it is still a great option for those looking for a convenient and user-friendly platform.

    A Model with Reasonable Fees

    Wirex is a platform that offers a wide array of features and services to its users, including a wallet, exchange, and card. Account maintenance, card issuance, and card delivery are all free, no matter where you are in the world. As far as your account and card are concerned, the only fees involved are those related to card maintenance, which may not even apply in some areas. When it comes to the exchange part of the platform, Wirex offers competitive fees, with 0.5% for crypto-to-fiat conversions and 0.2% for crypto-to-crypto conversions. Additionally, Wirex offers a loyalty program that rewards users with up to 0.5% cashback on all purchases.

    The platform offers a range of services, including a debit card, wallet services, and an exchange. When it comes to top-ups, fiat currencies are free of charge, while crypto assets cost around 1%. When it comes to buying crypto, fees range from 1.5% to 2.5%. However, users can take advantage of Wirex’s native utility tokens, WXT, to reduce fees.

    A Cryptocurrency Exchange / Wallet on the Go

    Wirex is a mobile-oriented cryptocurrency platform that offers users the ability to purchase and sell select cryptocurrencies for fiat money. It also provides a web-based wallet to store coins. The platform is designed to be simple and easy to use, and is particularly well-suited for beginner crypto enthusiasts. User Wirex reviews point out that the dashboard is evidently designed for mobile users, and that the platform does not offer the same range of features and graphs as other high-end exchanges. However, it does provide the essential features that many users need.

    Key Disadvantages of Wirex

    To be honest, there aren’t many notable issues with Wirex! Let’s start with the most frequently discussed one: the platform’s lack of support for US-based customers.

    Supports Only a Few Cryptocurrencies

    Wirex is a crypto exchange platform that allows users to trade and store 9 different cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Ripple (XRP), Stellar Lumens, Nano, Waves, Dai, and Wollo. While the selection of coins is relatively small compared to other exchanges, it does include the most popular coins, so a big number of crypto enthusiasts will likely be satisfied. Additionally, Wirex also supports its own native utility token, Wirex tokens.

    Account (Card) Maintenance Fee

    It offers users a range of features, including a crypto debit card and a BTC-based cashback through Cryptoback™ Rewards system. Previously, users were charged a monthly maintenance fee of $1.50, but this has now been removed with the launch of Mastercard support. This makes Wirex an even more attractive option for those looking for a reliable exchange with no strings attached. With competitive fees and a range of features, Wirex is a great choice for those looking to buy, sell, and store their crypto.

    How to Register on Wirex?

    Registering on Wirex is quick and easy, with users reporting that the process takes just a few minutes to complete.

    • Step 1: Go to Wirex’s official website and click the big “Join Wirex” button in the top-right corner.
    • Step 2: Select your country of residence, enter your email address, and create a password.
    • Step 3: The email verification stage follows; check your inbox and confirm your email address.
    • Step 4: After receiving your email confirmation, enter a 6-digit code to log into your account for the first time.
    • Step 5: After logging in, you will be asked to complete some KYC verification checks. This is standard practice with exchange-wallet platforms. The worst part is that you can’t even choose to fill out these forms later – if you click the “Continue Later” button in the top-right corner of the screen, you’ll be logged out automatically.
    • Step 6: Once you’ve completed all of the verifications and KYC requirements, as well as confirmed your email address and phone number, you’ll be redirected to your dashboard – that’s all there is to it! Wirex now allows you to trade cryptocurrencies.

    How to Buy Cryptocurrencies with Wirex?

    Buying crypto coins is easy and straightforward. All you need to do is fund your account via a wire transfer or select the fiat payment option when purchasing a specific coin. Once your account is funded, you can exchange fiat crypto without any further hindrance. Wirex provides all the necessary information on where to transfer your funds in the “Account Details” tab on the dashboard. With Wirex, you can buy crypto coins quickly and securely, without any hassle.

    All you need to do is select the crypto you want to exchange, and then the one you want to exchange it to. User Wirex reviews note the convenience of the platform, as well as its quick transaction speeds, good security measures, and straightforward exchange processes. However, it is important to check the exchange rates to make sure they are beneficial to you.

    Conclusion

    Wirex is a popular cryptocurrency exchange and wallet platform that offers users a convenient way to buy, sell, and store digital assets. It also features a unique Wirex debit card, as well as Cryptoback™ Rewards, which gives users up to 1.5% cashback in BTC. Despite some minor drawbacks, such as the lengthy registration process, Wirex is generally well-received by users, who praise its convenience and features. If you’re interested in what the platform has to offer, make sure to check it out! You can also explore other crypto wallet alternatives, even if you purchase cryptos on Wirex.

    Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.

  • KuCoin Exchange Review (2023): Secured, Anonymous and Supports Variety of Cryptocurrencies

    KuCoin Exchange Review (2023): Secured, Anonymous and Supports Variety of Cryptocurrencies

    KuCoin is a secure and reliable cryptocurrency exchange, offering a wide range of coins and tokens to buy, sell and trade, making it the perfect choice for those looking to get started in the crypto world. In this KuCoin review, I will first give you a brief overview of the exchange’s history, then walk you through the process of making a deposit, tell you which coins you may deposit, explain the company’s verification procedure, and lastly list all of its benefits and drawbacks.

    EXCLUSIVE! Sign up HERE to get 20% off trading fees!

    What is KuCoin?

    KuCoin is a one-stop shop for all your crypto needs. Launched in 2017, the exchange has grown into one of the most popular crypto hubs online, offering bank-level security, a slick interface, and a beginner-friendly UX. With over 200 cryptocurrencies, 400 markets, and a wide range of services, KuCoin is the perfect choice for investors. It offers margin and futures trading, a built-in P2P exchange, the ability to buy crypto with a credit or debit card, instant-exchange services, and the opportunity to earn crypto by lending or staking via its Pool-X.

    KuCoin also offers some of the lowest fees in the market and generous profit-sharing incentives, with up to 90% of trading fees going back to the KuCoin community through its KuCoin Shares (KCS) tokens. With its tendency to list small-cap cryptocurrencies with tremendous upside potential, KuCoin is the perfect choice for investors looking to get in on the ground floor.

    Key Features of KuCoin

    KuCoin is a top cryptocurrency exchange offering a comprehensive suite of crypto services, including fiat onramp, futures and margin trading, staking and lending, P2P marketplace, IEO launchpad, and non-custodial trading, serving one out of four crypto holders worldwide.

    Here are some notable KuCoin features:

    Buy and sell cryptocurrencies with low fees: KuCoin is a top cryptocurrency exchange offering bonuses, discounts, and low fees of 0.1% per trade and even smaller fees for futures trading.

    Buy crypto with top fiat currencies: KuCoin allows you to buy cryptocurrencies with top fiat currencies, including USD, EUR, CNY, GBP, CAD, AUD, and more, using its P2P fiat trade, credit/debit card, Fast Buy service, and more.

    Outstanding customer service: Their website, email, ticketing system, and other channels all offer excellent customer care that is accessible around the clock.

    Bank-a-like security asset: KuCoin provides industry-leading security measures such as micro-withdrawal wallets, multilayer encryption, dynamic multifactor authentication, and dedicated internal risk control departments to ensure the safety of your data.

    KuCoin Futures and Margin Trading: With 100x leverage, you can go long or short on your favorite cryptocurrencies!

    Earn: Put your crypto to work and earn yield with KuCoin’s crypto lending, staking, soft staking, and KuCoin Shares (KCS) bonus.

    User-friendly and Intuitive platform: Trading is made simple and entertaining for everyone thanks to excellent design and a strong trading platform.

    Non-custodial trading: Arwen’s non-custodial trading feature on KuCoin allows you to securely trade cryptocurrencies directly from your private wallet.

    Key Advantages of KuCoin

    KuCoin Futures Trading for Both Beginners and Pro Users

    KuCoin Futures calculates the underlying spot price using the weighted price average from other exchanges like Kraken, Coinbase Pro, and Bitstamp. KuCoin Futures is a cryptocurrency trading platform that allows users to trade Bitcoin (BTC) and Tether (USDT) margined contracts with up to 100x leverage. It is designed for both beginners and experienced traders, with two versions of the platform available – the lite version for beginners and the pro version for more experienced traders. With KuCoin Futures, users can trade up to USD 10,000 worth of contracts with just USD 100 in their account. KuCoin Futures is a secure and reliable platform that provides users with the tools they need to maximize their trading potential.”

    KuCoin Design and Usability

    KuCoin is a modern and straightforward cryptocurrency exchange that is easy to use even for beginners. It is powered by a powerful API interface and a core trading engine that can handle millions of transactions per second (TPS). KuCoin offers spot trading of over 200 tokens and cryptocurrencies with low fees of 0.1% for both takers and makers. The exchange has a clean and straightforward layout, and users can switch between the old and new exchange interfaces. To make a trade, users need to go to the “Markets” tab and search for the market they want to trade. An extra security measure is the trading password, which must be entered to enter the trading window.

    Margin Trading with Up to 10x Leverage

    KuCoin offers users the ability to margin trade 36 USDT, BTC, and ETH denominated market pairs with up to 10x leverage. Margin trading on KuCoin allows users to long or short top cryptocurrencies such as Bitcoin, Ethereum, Litecoin, XRP, EOS, ATOM, Dash, Tron, Tezos, Cardano, and more. KuCoin’s margin trading feature is available directly on the spot exchange, where users can select margin trading markets and place margin trading orders. KuCoin’s margin trading feature is a great way for users to take advantage of market volatility and increase their profits.

    P2P Fiat Trade

    KuCoin P2P Marketplace is a convenient service that allows users to buy and sell cryptocurrencies like USDT, BTC, ETH, PAX, and CADH directly with other merchants. It supports various payment methods, including PayPal, Wire transfers, Interact, and other popular payment methods using most popular fiat currencies like USD, CNY, IDR, VND, and CAD. To use the P2P Marketplace, users must first verify their KuCoin account. With KuCoin P2P Marketplace, users can enjoy a secure, fast, and convenient way to buy and sell cryptocurrencies with ease.

    KuCoin Instant-Exchange

    KuCoin’s Instant Exchange is a fast and secure way to swap Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), and XRP (XRP) for Tether (USDT) and Bitcoin (BTC). Established in partnership with HFT, the exchange service looks for the best exchange rates and is currently free of charge. With its advanced security measures, KuCoin’s Instant Exchange ensures a safe and reliable crypto-to-crypto exchange experience. With its user-friendly interface, users can easily and quickly exchange their cryptocurrencies without any hassle. So, if you’re looking for a fast and secure way to exchange your cryptocurrencies, KuCoin’s Instant Exchange is the perfect choice for you.

    Fast Buy Feature

    The KuCoin Fast Buy feature allows traders to quickly and easily purchase Bitcoin (BTC), Tether (USDT), and other cryptocurrencies using Indonesian Rupiah (IDR), Vietnamese Dong (VND), and Chinese Yuan (CNY) fiat currencies. This feature is great for traders who want to make low-fee crypto purchases using popular payment methods such as WeChat, Alipay, bank cards, and other fiat payment methods. KuCoin Fast Buy is a convenient and secure way to buy and sell cryptocurrencies with minimal fees and fast processing times. With its user-friendly interface and secure payment methods, KuCoin Fast Buy is the perfect choice for traders looking to quickly and easily purchase cryptocurrencies.

    KuCoin Earn

    KuCoin is a leading digital asset exchange that offers users a variety of staking and lending programs. With KuCoin Lend, users can earn up to 12% annualized interest rate on their digital assets by lending them out for the funding of margin accounts. Pool-X is a next-generation proof-of-stake (PoS) mining pool that lets users earn high yield for PoS cryptocurrencies like EOS, TOMO, ZIL, ATOM, KCS, XTZ, ZRX, IOST, TRX, and many others. Soft staking allows users to earn rewards for holding coins and tokens, with up to 15% annual yield and extremely low minimum deposits. KuCoin’s staking and lending programs provide users with an easy and secure way to earn passive income on their digital assets.

    KuCoin Spotlight IEO Platform

    KuCoin is a leading crypto exchange platform offering a wide range of services such as trading, staking, exchange, and swapping. It also has its own Initial Exchange Offering (IEO) launchpad, KuCoin Spotlight, which allows users to invest in new and exciting crypto projects. To participate in KuCoin’s IEOs, users must have a verified account and most offerings use KuCoin Shares (KCS) as the main currency of the crowdsale. KuCoin Spotlight has already funded 7 IEOs, including Tokoin, Lukso, Coti, Chromia, MultiVAC, Bitbns, and Trias. With KuCoin, users can access a secure and reliable platform to invest in the latest crypto projects.

    Non-Custodial Trading with Arwen

    With the Arwen client, users can trade on the exchange without having to worry about their funds being held in a third-party wallet. The Arwen client is available for Windows, macOS, and Linux-powered devices, making it easy for users to access the exchange from any device. KuCoin also offers a wide range of trading options, including spot trading, margin trading, and futures trading, as well as a variety of trading pairs. With its advanced security features and user-friendly interface, KuCoin is an excellent choice for both experienced and novice traders.

    KuCloud Advanced Technology Solutions and Ecosystem

    KuCoin is also developing its own native blockchain, KuChain, and a white-label technology solution, KuCloud, for launching spot and derivative exchanges. Additionally, KuCoin has a testnet, Kratos, and an ever-growing ecosystem powered by KCS and various partners. With its innovative initiatives, KuCoin is driving the adoption of crypto and blockchain technologies.

    KuCoin Security

    KuCoin is a secure and reliable crypto exchange platform that offers bank-level data encryption and security. The exchange employs specialized risk control departments and has partnered with Onchain Custodian and Lockton to ensure the safety of its crypto assets. To maximize account security, users can set up two-factor authentication, security questions, anti-phishing safety phrase, login safety phrase, trading password, phone verification, email notifications, and restrict login IP. It is recommended that users do not keep all of their funds in the exchange, but only what they can afford to lose.

    KuCoin Customer Support

    KuCoin provides 24/7 customer support to its users, with a helpful staff reachable via the Help Center, FAQ Center, Onsite chat, and Mobile app support. Additionally, users can join the exchange’s community on social media channels such as Facebook, Telegram, Twitter, Reddit, YouTube, Medium, and Instagram. KuCoin’s customer support is quick to respond and will help you with your queries within a few hours at most.

    KuCoin Deposits and Withdrawals

    KuCoin is an exclusively crypto-to-crypto exchange, allowing users to buy and sell digital assets without the need for fiat currency. It supports a variety of payment methods, and transactions are usually processed within one hour. Withdrawals are usually completed within 2-3 hours, but larger withdrawals may take 4-8 hours. KuCoin does not charge fees for deposits, and has a varying fixed fee for withdrawals. With its fast and secure services, KuCoin is the perfect platform for those looking to trade digital assets quickly and easily.

    Is KuCoin Safe?

    KuCoin is a cryptocurrency exchange that offers users a secure and safe platform to trade digital assets. The website is protected by an encryption protocol and has an internal risk department to ensure user funds are safe. Additionally, users can set up Google Authenticator for an extra layer of security. Although KuCoin has not experienced a hack, it is still a relatively new exchange and users should never keep large amounts of funds stored there. It is always much safer to withdraw coins back to a secure personal wallet. Overall, KuCoin is a safe and secure platform for users to trade digital assets.

    Who Should Choose KuCoin?

    KuCoin is a user-friendly cryptocurrency exchange platform that is simple to use. From making deposits to completing trades, everything is straightforward. The platform also has features to analyze pricing trends, such as candlestick bars. However, the average trading volume at KuCoin is in the tens of millions, which is a lot less than bigger exchanges like Binance. This could be a problem as low trading volumes can sometimes mean that there is not enough liquidity. KuCoin is a great option for those looking to exchange small amounts, but for larger quantities, it might not be the best choice. Ultimately, if the cryptocurrency you want is only listed on KuCoin, then you will have no choice but to use them.

    Conclusion

    KuCoin is a popular cryptocurrency exchange that offers a wide range of coins and tokens. It has a user-friendly interface and low fees, making it a great choice for both beginners and experienced traders. KuCoin also offers a mobile app, allowing users to access the markets on the go. The exchange is also secure, with two-factor authentication and a secure wallet. All in all, KuCoin is a great choice for those looking to buy and sell cryptocurrencies. It has low fees, a wide selection of coins, and a secure platform.

    EXCLUSIVE! Sign up HERE to get 20% off trading fees!

    Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.

  • Crypto Misfortunes: Over $3 Million in Losses from SushiSwap Smart Bug Sends Shockwaves Through the DeFi Ecosystem

    Crypto Misfortunes: Over $3 Million in Losses from SushiSwap Smart Bug Sends Shockwaves Through the DeFi Ecosystem

    The DeFi ecosystem was recently rocked by a major breach on April 9, when a smart contract bug on the SushiSwap project resulted in over $3 million in losses. According to security reports posted on Twitter by the blockchain security auditing firms Certik Alert and Peckshield, an approve-related bug in the platform’s Router Processor 2 contract exposed a single user’s account to the tune of 1,800 ETH, roughly equivalent to $3.3 million.

    Several community members, particularly Sifu (the user whose funds were lost), expressed their shock at the hack, while DefiLlama, a pseudonymous developer, attempted to calm the situation by noting that only users who had interacted with the SushiSwap protocol in the four days prior to the breach were affected.

    SushiSwap head developer Jared Grey jumped in to offer support, urging users to immediately revoke their permissions for all the contracts within the platform before any other funds could be stolen. Grey also released a GitHub list containing the contracts from multiple blockchains that needed revoking and reassured users that “Sushi Protocol”—which houses the favored user interface—was not affected by the exploit.

    Fortunately, Gray also stated that most of the stolen funds were quickly recovered by a whitehat security team that was working around the clock. He specified that the funds that were retrieved—amounting to more than 300 ETH—were handed back to the victim Sifu while reiterating that the team was still in contact with members of the Lido team in an effort to return the remaining 700 ETH.

    The news comes at a stressful time for SushiSwap, with Grey having recently broken the news of its SEC subpoena just two weeks prior. Despite the such disruption in the ecosystem, however, the SUSHI token has only dipped slightly over the past 24 hours—dropping by about 3%—which can be seen as a sign of confidence in the future of the project.

    In 2021, the SushiSwap team was able to avoid a massive hack of their code, when a white hat hacker managed to discover a bidding bug that could have been exploited for $350 million. This incident was swiftly brought to the public’s attention by PeckShield, the same security resource that was the first to release an incident report about the April 9 breach.

    Following the incident, SushiSwap CTO Matthew Lilley released a statement informing users of the incident and outlining his team’s efforts to identify any users who may have been exposed to partial or full losses of funds on the platform. He also, reassuringly, noted that the user interface was safe to use and that all exposure to the vulnerable RouterProcessor2 had been removed.

    It is encouraging to see the team at SushiSwap take quick action and move to protect user funds after the massive exploit. Still, this incident serves as a warning to the entire DeFi community: Smart bugs represent a major threat to blockchain security and should not be taken lightly. Crypto audits and bug bounties must be conducted regularly, while users must remain aware of any suspicious activities related to their peripheral contracts. Only through these preventative measures can the DeFi ecosystem remain safe from similar misfortunes in the future.

  • Arbitrum’s Foundation Caught in Dispute: Power Struggles and Token Returns on the Horizon

    Arbitrum’s Foundation Caught in Dispute: Power Struggles and Token Returns on the Horizon

    Disputes between the Arbitrum Foundation and its blockchain community are heating up following the organization’s proposal to fund its operations with 750 million ARB tokens— worth nearly $1 billion. The proposal has been met with disagreement from the ARB community, with 55% of voters opposing the plan and 42% abstaining.

    The conflict between the two parties started when the Foundation transferred the funds without consultation, prompting ARB holders to propose a plan to return the tokens to the DAO Treasury.

    In an attempt to patch up its relationship with its community, the Arbitrum Foundation offered two new improvement proposals, AIP-1.1, which put the Foundation’s budget, transparency and spending under community government oversight and AIP-1.2, lowering the proposal threshold from 5 million ARB tokens to 1 million ARB, to make governance more accessible.

    The move comes at a time when major exchanges are trading the token, but with some members of the community believing the deal to be in violation of United States security laws. A recent Discord post by a community member said that s/he was filing a securities fraud lawsuit against the Foundation in the coming days and advised them to cease trading immediately.

    Analytics from the layer-2 analytics site L2Beat shows Arbitrum’s blockchain to hold 65% of the Ethereum layer 2 market share with hundreds of thousands of eligible users claiming ARB tokens during its launch on March 23. An overwhelming user demand led to the crashed of the airdrop claim page shortly after the launch.

    In response to the standoff, the Arbitrum Foundation submitted two additional proposals, AIP-1.1 and AIP-1.2, in an effort to quell the unrest. AIP-1.1 proposes to place the foundation’s remaining 700 million ARB tokens in a “smart contract-controlled lockup” and unlocking them over time, until the community approves a budget for the tokens. Meanwhile, AIP-1.2 amends the current governance documents to enable token holders to post an improvement proposal with only 1 million ARB tokens.

    Arbitrum Foundation community lead, eli_defi, stressed that the organization will not move the funds until it has received approval for an acceptable budget from the token holders.

    In the aftermath of the crypto governance meltdown, the community members now have to face the possibility that the tokens distributed by the airdrop have been traded in violation of United States securities law. Meanwhile, the two proposals put forward by the Arbitrum Foundation will be subject to discussions and a vote in the coming days, which will likely determine its future relationship with the ARB community. It is yet unclear how these recent development will affect the market’s sentiment towards the token and whether the proposal to return 700 million ARB tokens will be passed.

  • Bithumb Exchange Review (2023): Good for Beginners and Large Trading Volume

    Bithumb Exchange Review (2023): Good for Beginners and Large Trading Volume

    Bithumb is a leading cryptocurrency exchange founded in 2013 by BTC Korea.com Co. Ltd, offering users the ability to buy, sell and trade a range of digital assets with a daily trading volume of up to $2 billion. We will review how Bithumb works, and then it’s advantage and disadvantages.

    Sign up here to get started.

    What is Bithumb?

    Bithumb is a leading cryptocurrency exchange, established in 2013 by BTC Korea.com Co. Ltd. and headquartered in South Korea. With a wide range of digital assets available for trading, Bithumb is one of the most established exchanges in the industry.

    Bithumb is boasting an average daily trading volume of over $100 million. On some days, Bithumb has seen trading volumes as high as $2 billion.

    It also offers accounts for institutional investors, which helps to ensure a high trading volume and ample liquidity in the market for successful trades. Bithumb, designed to be user-friendly and perfect for beginners, supports multiple languages including English, Chinese, Japanese, Spanish and Hindi. It makes it accessible to traders from all over the world, with a large percentage of users from South Korea.

    Key Features and Advantages of Bithumb

    Payment Methods

    When choosing a cryptocurrency exchange, it is important to consider the payment methods available. Bithumb offers fiat currency deposits and withdrawals for South Korean residents using KRW. However, this is not available to customers outside of South Korea.

    If you are not from South Korea and are looking to start trading cryptocurrencies, the best way to do so is to open an account at KuCoin or Coinbase. Coinbase allows you to register an account and deposit using a debit/credit card or bank account. Then, KuCoin allows you to purchase one of the top cryptocurrencies and transfer it to Bithumb.

    Deposits, Withdrawals & Trading Fees

    Depositing funds into your account with cryptocurrencies such as Ethereum, Ripple and EOS is free, while Bitcoin, Dash and Litecoin deposits incur a very small fee of 0.001 BTC.

    When writing this Bithumb review, we found that the minimum deposit limits were very low. For example, the minimum Litecoin deposit is 0.1 LTC and the minimum Ethereum Classic deposit is also 0.1 ETC.

    Withdrawing cryptocurrencies from Bithumb comes with fees that vary depending on the type of coin. For instance, Ethereum withdrawals cost 0.01 ETH and Bitcoin withdrawals cost 0.001 BTC. To stay up-to-date on the latest fees, be sure to check the Bithumb website.

    At Bithumb, you can enjoy some of the lowest fees in the industry. For example, when you buy $1000 worth of Ripple, you will only pay 0.15% of the total amount, which is just $1.50.

    Binance offers one of the lowest trading fees in the industry, with a flat rate of 0.1%. However, you can get even cheaper rates by using the Bithumb voucher, which is available within your Binance account. Furthermore, with those discounts, you can less up to 0.07% for high-volume traders. If you were able to get the maximum discount, Bithumb becomes one of the cheapest fees in the industry!

    Coin Availability

    At Bithumb, you can buy, sell and trade a wide variety of cryptocurrencies, including the most popular coins like Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin Cash. They also have lesser-known coins like Ethos, Augur and Aeternity. With over 103 coins available, Bithumb has something for everyone.

    South Korean exchanges are renowned for their professionalism, fast withdrawals, and top security. This is why popular coins like Bitcoin are often more expensive than exchanges located in other countries.

    In spite of being one of the largest cryptocurrency exchanges in the world, Bithumb offers a much smaller selection of coins compared to other exchanges such as Binance and Cryptopia. Those have hundreds of different cryptocurrencies available for trading, with new coins being added regularly. This has become increasingly popular among Chinese traders, who are unable to trade cryptocurrencies in their own country due to the ban.

    Bithumb is known for its selectivity when it comes to listing coins, with the most recent addition being Cardano and Status Token in June 2018. This can be frustrating for those who prefer a wide selection of coins. However, the Bithumb team only supports projects they deem to be legitimate.

    Key Disadvantages of Bithumb

    Slow verification process. Unlike other cryptocurrency exchanges, Bithumb takes time to verify new account registrations due to their previous announcement about restriction on new accounts.

    History of Hack last 2017. Last June 2017, Bithumb suffered a major security breach resulting in a loss of approximately $94 million and affecting over 31,000 individual accounts.

    How to Sign-up on Bithumb?

    In May 2018, the Bithumb team announced that they would be restricting account registrations from 11 countries identified as Non-Cooperative Countries and Territories (NCCT) by the Financial Action Task Force due to money laundering weaknesses.

    To sign-up, follow the following instructions:

    1. To get started with Bithumb, visit the official website and click the Sign Up button to create an account.
    2. Next, you will need to provide some basic information, such as your email address. To ensure compliance with Korean regulations, Bithumb requires a few more details than some other exchanges. After entering your email address, click on the ‘Check Duplicate’ button and tick the box to confirm you are not a robot.
    3. Enter your nationality and cellphone number to complete your registration. It is important to provide accurate information.
    4. Once you have entered your cellphone number, click on the SMS Request button. You will then receive a 6 digit code via SMS which you need to enter into the Cellphone Verification Number field.
    5. Enter your personal information, such as full name, date of birth, gender, and full home address.
    6. Create a strong password that is between 8 and 12 characters long. Re-enter it in the box below and choose a 4-digit pin number that is difficult to guess, such as a combination of numbers and letters.
    7. You must also tick the two terms and conditions boxes to complete your registration with Bithumb. It is important to read and understand the terms and conditions before agreeing to them.
    8. Complete the sign up process by clicking the Sign Up button. You will then receive a confirmation email, which you must click to complete the registration.

    If you want to trade large amounts on Bithumb, you will need to upgrade your account to the next level. This requires you to upload identification documents such as a passport and proof of residency. To find out how much you can deposit and withdraw before needing to upgrade, please contact Bithumb directly.

    Who Should Use Bithumb?

    Bithumb is an ideal platform for novice traders, with its user-friendly website featuring clear labeling and simple colors. Trading on Bithumb is straightforward and easy to understand. Open an account with Bithumb to get the best out of the platform and test it out with virtual credits before using real funds.

    Bithumb is an ideal platform for professional traders, offering a range of trading tools such as chart analysis and candlestick bars. With one of the highest trading volumes in the world, Bithumb provides excellent liquidity for those looking to trade large amounts.

    Furthermore, it is also offering a range of features such as remittance, which allows users to send funds internationally. 

    If you’re looking for an anonymous trading experience, Bithumb might not be the best choice for you. Although you can deposit and withdraw using cryptocurrency, you still need to provide a full range of personal information in order to use the exchange.

    Conclusion

    Bithumb stands out from other cryptocurrency exchanges due to its stringent sign up process, which requires users to provide personal information even when only using cryptocurrency for deposits and withdrawals.

    It is a great exchange to use, despite the hack in 2017. To ensure safety, it is recommended to not keep funds in the exchange for too long, as with any other exchange.

  • Poloniex Exchange Review (2023): Best for Buying, Trading and Selling Cryptocurrencies

    Poloniex Exchange Review (2023): Best for Buying, Trading and Selling Cryptocurrencies

    Poloniex, a self-proclaimed “legendary crypto assets exchange” offering low fees and optional identity verification. It is gradually regaining its place in the cryptoverse’s infrastructure with its relocation to Seychelles. In this review article, we will discuss all about Poloniex, from it’s key features, fees up to their pros and cons.

    Sign up here to get started.

    What is Poloniex?

    Poloniex is a self-proclaimed “legendary crypto assets exchange” that offers low fees and optional identity verification. What’s more, after changing owners in 2019, the exchange has relocated to Seychelles and adopted a more open, loosely regulated approach. By doing so, it allowed to offer a wider array of services, support more cryptocurrencies, and gradually get back towards being an important part of cryptoverse’s infrastructure. Despite a security breach in 2014, Poloniex remains a reliable and secure platform for trading bitcoin and altcoins. Finally, they also have the lowest fees in the industry.

    Poloniex is a cryptocurrency exchange founded by Tristan D’Agosta. Located in Delaware, USA, the exchange is highly regulated. In addition, it allows users to buy, trade and sell a variety of cryptocurrencies, including Bitcoin and Ethereum. What’s more, with daily trading volumes of over $100 million, Poloniex charges a fee for every trade made through their platform. Furthermore, these fees are paid by both the buyer and seller. With that, Poloniex is a popular choice for those looking to buy, trade and sell digital currencies.

    Key Features of Poloniex

    The key features of the exchange include:

    Trade over 60+ cryptocurrencies. From Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Tron (TRX), EOS (EOS), Monero (XMR) and many more. Get access to the world’s most popular digital assets and start trading today!

    Low Fees. Poloniex is renowned for offering some of the lowest trading fees amongst popular altcoin exchanges.

    Margin Trading. Trade with leverage on Bitfinex and get up to 2.5x more buying power with our low fee margin trading.

    Margin Lending. Poloniex offers margin lending, and then a way to earn passive income by loaning your crypto assets and collecting interest.

    Poloni DEX and IEO launchpad. Poloniex offer investors the opportunity to invest in the latest crypto projects. Moreover, Poloniex’s decentralized counterpart, Poloni DEX, investors can take advantage of the hottest new crypto projects and make the most of their investments.

    Easy Sign up and Fast Trading. Sign up and start trading on Poloniex in minutes without having to pass KYC checks. If you don’t have any cryptocurrency yet, you can easily buy some with fiat using Poloniex’s Simplex integration, though this will require you to verify your identity.

    Key Advantages of Poloniex

    Huge Range of Cryptocurrencies

    Poloniex offers a wide selection of cryptocurrencies, including major coins like Ripple, Steem, Monero and Bitcoin Cash, as well as smaller coins like BlackCoin, Bela and Burst.

    Good Selection of Tools

    Poloniex offers a comprehensive selection of trading tools, including candlestick charts ranging from 5 minutes to 4 hours, stop-limit orders, and the ability to zoom in and out of charts. The user-friendly interface makes it suitable for both beginners and experienced traders.

    Based in the U.S. with Strict Government Regulation

    Poloniex, based in the United States, is a secure and reliable cryptocurrency exchange. Furthermore, with strict government regulations in place, Poloniex takes every measure to ensure customer funds are safe and secure, and to prevent any criminal activity. As a result, Poloniex is a safe and reliable exchange for cryptocurrency trading.

    Liquidity

    Poloniex offers traders a high level of liquidity, particularly with its wide selection of altcoin pairings, making it an ideal platform for those looking to trade with minimal risk of volatility.

    No Transaction Fees

    Poloniex is one of the most competitive exchanges when it comes to fees, offering low-cost deposits and withdrawals with no additional charges. Unlike other cryptocurrency exchanges, Poloniex does not profit from your withdrawals, ensuring you get the most out of your trading experience.

    Reasonable Trading Fees

    Poloniex offers competitive trading fees, with a maximum fee of 0.125% for all trades. Furthermore, this fee is reduced for larger volumes, making it an attractive option for high-volume traders.

    No Complicated Verification Process

    Poloniex offers anonymous trading for those who do not wish to verify their identity, allowing users to trade up to $2,000 a day without the need for verification. This is a great advantage for those who want to trade without having to provide personal information.

    Wide Range of Customer Support Options

    If you need help with any issues, there are plenty of options available. Ticket support, email, and then live chat are all great ways to get assistance quickly. We personally prefer live chat as it allows for immediate support.

    Key Disadvantage of Poloniex

    Unreliable Security due to Previous Hack

    Poloniex, a popular cryptocurrency exchange, experienced a security breach in 2014 when 12.3% of their Bitcoin supply was stolen. The hacker discovered a bug in the system which allowed them to withdraw more than their actual balance. However, the exchange owner, Tristan D’Agosta, managed to pay everyone back by temporarily increasing trading fees and contributing his own money. Since then, Poloniex has taken security seriously and has not been hacked again.

    How To Use Poloniex?

    Creating an Account

    1. Firstly, visit Poloniex.com to in order to sign-up.
    2. Next is to click the “Create Your Account” button.
    3. Create an account by entering your country of residence, email address and choose a strong password.
    4. Confirm your email address with Poloniex by clicking the link in the email they sent you.
    5. and now you have created your own account on Poloniex!

    Deposit Funds

    1. To access your account balances, hover your mouse over the Balances tab at the top of the screen and click on the Deposits & Withdrawals option.
    2. Search for the cryptocurrency you want to deposit with on the right side of the page to view a comprehensive list of available coins.
    3. To purchase Bitcoin Cash, click on the ‘Deposit’ button located on the right side of the screen.
    4. You will be provided with a distinct deposit address for the cryptocurrency you are using to fund your account. Remember, each coin has its own address, so make sure you don’t send Litecoin to a Bitcoin Cash address.

    Conclusion

    If you have read this comprehensive Poloniex review, you should have all the necessary information to determine if Poloniex is the right cryptocurrency exchange for you.

    The ease of use of the platform is the most important factor when it comes to exchanging. The Platform’s user-friendly interface makes it easy to trade a wide variety of coins with minimal trading fees.

    For those looking to expand their cryptocurrency trading options, Coinbase, Binance and Kraken are highly regarded exchanges that offer a wide range of digital asset options.

    Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.

  • Bittrex Exchange Review (2023): Fast Exchanges, Small and Fixed Fees

    Bittrex Exchange Review (2023): Fast Exchanges, Small and Fixed Fees

    Bittrex, a veteran exchange based in Seattle, U.S., and Lichtenstein (Bittrex Global), offers a powerful trading engine with a sleek interface to enable direct purchases of cryptocurrencies using US dollars and trades between more than 220 cryptocurrencies. This Bittrex review will provide an overview of the platform and a comprehensive guide on how to use it effectively.

    Sign up here to get started

    What is Bittrex?

    Bittrex is a Seattle-based cryptocurrency exchange founded in 2014 by Bill Shihara, Richie Lai, Rami Kawach and Ryan Hentz. The team has a combined 50+ years of experience in security and development for companies like Microsoft, Amazon, Qualys, and Blackberry. Bittrex is a secure and reliable platform for trading digital assets, offering many features and services. It is the go-to exchange for traders looking for a fast, secure, and easy-to-use platform. With its advanced security measures, Bittrex is the sheriff of the Wild West of cryptocurrency trading, ensuring its users a safe and secure trading experience.

    Bittrex is a crypto-to-crypto trading exchange that offers users the ability to purchase digital coins with fiat currencies. To do so, users must pass their full bank verification process. The exchange offers more than 190 different cryptocurrencies and 284 unique trading pairs. Users can invest in cryptocurrencies using USDT, a cryptocurrency whose value is tied to the US Dollar. Bittrex is a secure and reliable trading platform that allows users to easily and safely purchase digital coins with fiat currencies.

    Key Features of Bittrex

    The Bittrex exchange also boasts the following noteworthy features:

    More than 220 cryptocurrencies: Trade popular and obscure coins like XRP, Litecoin, and Bitcoin to make huge profits.

    Reliable, Secure, and Robust Platform: Former security engineers founded Bittrex, which has never been compromised. Also, it conforms with important regulations, making it a reliable exchange.

    On and off ramps for USD and EUR: You can add and remove fiat money from and to your bank account straight using Bittrex. Use the credit/debit card deposit tool, which is almost instant and only costs 3% per transaction, to swiftly top up your account.

    Smart Mobile Trading: You can trade your preferred cryptocurrency markets while on the road thanks to the Bittrex mobile apps for iOS and Android.

    Supportive Customer Service Staff: The rich knowledge library on Bittrex teaches users all they need to know about trading on the platform. Sending a ticket through Zendesk will work if that doesn’t.

    Key Advantages of Bittrex

    Here are some advantages of Bittrex:

    Fees

    Bittrex is a cryptocurrency exchange that charges a flat rate of 0.25% on every trade, making it a great option for newbies. This fee is slightly higher than the average, but it makes things simpler. Bittrex also charges a 0.2% commission fee on all trades, so if you buy one bitcoin for USD 10,000, you’ll pay around USD 20 in commission. Compared to other exchanges, Bittrex’s fees are in the middle range. When it comes to deposits and withdrawals, Bittrex allows you to top up your account using a bank card (VISA), wire transfer, SEPA transfer, or cryptocurrencies. VISA deposits come with a 3% fee, while wire transfer costs depend on your bank. SEPA transfers are usually cheaper and faster than traditional wire transfers.

    Variety

    Bittrex is a popular cryptocurrency exchange that offers a wide selection of coins (>190) for users to trade. It includes both well-known coins like Bitcoin and Ethereum, as well as newer coins like Loopring and Tron. Bittrex reviews its listed currencies every day and adds new coins as often as possible. This makes it a great choice for those looking to trade a variety of coins, as it offers more than double the number of coins than Poloniex (80). Bittrex is a reliable and secure platform for those looking to trade cryptocurrencies.

    Usability

    Bittrex is a popular cryptocurrency exchange offering a wide range of altcoins and high liquidity in the markets. The exchange has a user-friendly interface, with a main dashboard listing supported trading markets with price overviews, volume, and percentage of price change during the last 24 hours. The exchange offers USD, BTC, ETH, USDT, and EUR markets, making it a great choice for traders looking to liquidate their positions on short notice. Bittrex also has a US version of the exchange, which lists fewer assets compared with its international counterpart.

    Bittrex Mobile App

    Bittrex is a leading cryptocurrency exchange that offers a secure, reliable, and advanced trading platform for users to buy, sell, and trade digital assets. It is accessible through the web, as well as convenient mobile apps for Android and iOS devices. With Bittrex, users can deposit, withdraw, follow, and trade all supported markets on the go. It is a great tool for trading on the go and provides a secure and reliable platform for users to buy, sell, and trade digital assets.

    Customer Support

    Bittrex is a secure and reliable cryptocurrency exchange with a customer support team that is slightly better than other exchanges. It offers support via Slack, Twitter and Facebook. Despite its security measures, some users have experienced difficulties with enhanced account verification and withdrawals. In October 2017, 0.1% of user accounts were disabled as part of a systemwide compliance review. Bittrex is one of the safest large exchanges on the web, but its security measures can sometimes create inconveniences for individual users.

    Key Disadvantages of Bittrex

    Fiat Trading

    Bittrex, one of the leading cryptocurrency exchanges, does not currently allow users to trade using fiat currencies. However, in a recent podcast, Bill Shihara, CEO of Bittrex, said that users will soon be able to trade in US Dollars. Until then, users must own Bitcoin, Tether or Ethereum before they start trading. Other exchanges like Kucoin and Kraken allow users to buy cryptocurrency with fiat currencies. As of 2023, Bittrex now supports fiat payments, allowing users to buy cryptocurrency with US Dollars. This makes it easier for users to access the cryptocurrency market and start trading.

    Accessibility

    Bittrex is a secure platform for trading digital assets, but some users have been locked out of their accounts due to the platform’s strict verification process. Bittrex is now working on finding the right balance between security and user access. The platform is striving to provide a secure environment while also making it easier for users to access their accounts. Bittrex is committed to providing a secure platform for its users and is working to ensure that users can access their accounts without any issues.

    How to Use Bittrex?

    Let’s start at the top and take it one step at a time.

    1. Open an Account here. Starting is easy. You’ll be prompted to enter your email address and select a password when you go to the Bittrex homepage, click on LOG IN, and then click SIGN UP.

    2. Get a Bittrex address. Now that you’ve got some coins, you can send them to Bittrex and start trading with it. To do this, you need to log in to your Bittrex account. Now click on WALLETS then choose the coins you want to send. Here, we’re using Bitcoin as an example. Click on the ‘+’ icon. A message will read DEPOSIT BITCOIN and you will be sent a link to your Bittrex address.

    3. How to Trade on Bittrex? Go to API KEYS and turn everything ON except WITHDRAW. Have a look at the picture below to see what I mean. Now, go to CONFIG and select Bittrex as your exchange. Select MARKETS to choose the currency you want to trade. We’ll use Ark as our example. You can check what price Ark is being sold for in the ORDER BOOK. Now you can choose the amount you want and make a bid by clicking BUY ARK.

    4. Withdrawals. You might wish to withdraw part of your profits once you’ve made a ton of money trading cryptocurrency. To do this, go to your account panel, select the “-” icon, and then type the recipient’s address. Use your Coinbase address or another external wallet as an illustration.

    Who Should use Bittrex?

    Bittrex is a popular cryptocurrency exchange that is user-friendly and secure. It is great for experienced traders, but not ideal for beginners as it does not allow fiat trading. There are hundreds of coins to choose from, which can be confusing for new traders. Bittrex has had some issues with customer service, but they are working on it. Security is a major plus, as the team behind Bittrex have done security for Microsoft and Amazon. All in all, Bittrex is a great platform for experienced traders, but beginners should look elsewhere for their first exchange.

    Conclusion

    Bittrex is a top-tier cryptocurrency exchange that offers a safe and easy-to-use platform for users to buy and sell digital assets. With over 250 coins available, users can take advantage of the wide selection of coins and tokens to trade. Bittrex also offers a secure wallet for users to store their digital assets, as well as advanced features such as two-factor authentication and cold storage. With its user-friendly interface and a great selection of coins, Bittrex is a great choice for those looking to buy and sell digital assets.

    Disclaimer: Cryptocurrency trading involves significant risks and may result in the loss of your capital. You should carefully consider whether trading cryptocurrencies is right for you in light of your financial condition and ability to bear financial risks. Cryptocurrency prices are highly volatile and can fluctuate widely in a short period of time. As such, trading cryptocurrencies may not be suitable for everyone. Additionally, storing cryptocurrencies on a centralized exchange carries inherent risks, including the potential for loss due to hacking, exchange collapse, or other security breaches. We strongly advise that you seek independent professional advice before engaging in any cryptocurrency trading activities and carefully consider the security measures in place when choosing or storing your cryptocurrencies on a cryptocurrency exchange.