Newcomer’s Guide to Crypto Currency Exchange

Cryptocurrency exchange or digital currency exchange is a business in which the exchange of cryptocurrency involves other assets such as money or any other digital currency. It is a web service that provides electronic transactions in electronic form and charges a fee for them.

Any transaction or activity on the digital currency exchange can be done by debit and credit card, postal money order or any other type of money transfer. This article discusses the various cryptocurrency exchanges that facilitate cryptocurrency trading for beginners and what they offer in terms of availability, ease of use, security, deposit / withdrawal methods and fees. We hope this guide to cryptocurrency trading will help you get started with cryptocurrency exchange.

Coinbase / GDAX

Coinbase is one of the largest cryptocurrency exchanges based in San Francisco, California. It is available in 32 countries and currently serves more than 10 million customers Launched in 2012, it has an easy-to-use interface that makes exchanging digital currency an easy task for a non-technical person. It is available for both iOS and Android. Unfortunately, Coinbase does not offer cryptocurrency mining for beginners and is only an exchange.

So far, it offers four coins, Bitcoin, Bitcoin Cash, Etherium and Lightcoin. It exchanges digital currencies with the US dollar, the euro and the Great British pound. With minimal transfer fees, Coinbase has never encountered a security breach that makes it a perfect platform for digital currency exchange. In addition, Coinbase offers a completely advanced exchange called GDAX. It offers more advanced features and different and better trading fees from Coinbase.

Bitstamp

Bitstamp is another platform that provides digital currency exchange. It is relatively easy to use and offers more advanced features through TradeView. Bitstamp offers coins like Bitcoin, Lightcoin, Etherium, Bitcoin Cash and Ripple. It exchanges digital currencies with the US dollar and the euro. You can practice all the latest cryptocurrency trading techniques on this exchange.

It offers flat deposits through bank transfers and supports debit / credit cards. The only flaw in BitStamp is probably the slightly higher fee and in the 7 years of its operation it has been the victim of a security breach. Nevertheless, it is one of the most reliable exchanges. It is available for both iOS and Android.

Gemini

Gemini is a UK-based company launched in 2015 by Winklevoss twins. It is available in several countries, including the United States, Canada, Hong Kong, Singapore, and South Korea. One downside of this platform is that it is not particularly user friendly. Therefore, newcomers are not advised to use this platform.

It offers two coins and 1 flat currency Bitcoin Cash, Ihterium and USD. Gemini adheres to strict protocols when it comes to security, and as of 2018, it has not encountered a single security breach, making it one of the most secure and reliable digital currency platforms. However, it is important to have a digital currency investment strategy before you start trading.

Digital tax

Digital Tax is a modern crypto exchange aimed at becoming a game changer in this sector. They have implemented many recent strategies that make it easy for anyone to start trading.

It has a unique feature called Single Portfolio View which will enable traders to view all holding positions in a single portfolio. Using this unique feature will make it easier for traders to make informed decisions about cryptocurrency exchanges. It supports Bitcoin, Ethereum, Litecoin and Dashcoin.

Kraken

Kraken is one of the oldest cryptocurrency exchange platforms. Launched in 2011, Kraken is the largest exchange in terms of volume and liquidity of EUR trading pairs. It serves worldwide, including the United States.

Kraken offers a variety of coins, including Bitcoin Cash, Etherium, Monero, Agur, Lightcoin and many more. It also supports bank transfers and deposits / withdrawals via cryptocurrency. Not having such a friendly user interface, it suffers from stability and performance issues but nonetheless, it is a good platform for cryptocurrency exchange.

Bitfinex

Bitfinex is the largest cryptocurrency exchange platform. Launched in 2012, its interface is easy to use and offers a number of advanced features such as margin trading, margin funding, and more. It is available for both iOS and Android platforms It offers BTC, BCH, ETH, LTC, IOTA, XMR and NEO.

Like previous cryptocurrency exchanges, it supports withdrawals using US dollars and euros through bank transfers. BitFinex suffered two security breaches, the first in May 2015, resulting in a loss of $ 330,000. And the second in August 2016 resulting in a loss of $ 72 million.

Etherdelta

Etherdelta is a decentralized exchange that directly supports the peer-to-peer connection. This is very different from the cryptocurrency exchanging platforms discussed earlier. Here, the funds are placed on an Ethereum network under a smart contract from which you are solely responsible for depositing and withdrawing. Currently, EtherDelta only supports Ehtereum based tokens.

EtherDelter has a rather confusing interface that makes it difficult for users to perform cryptocurrency exchange operations. On one occasion, someone tried to buy 750 Ky bar at 0.007 ETH but ended up buying 0.007 KNC at 750 ETH.

Conclusion

Looking at the different cryptocurrency exchange platforms, we can safely say that the good features of Coinbase and Bitstamp differ in terms of security, user-friendly interface, multiple withdrawal / transfer methods and much more.

I wouldn’t call them perfect but I would recommend that this is the safest bet you can make. Each cryptocurrency exchange platform is unique in its own way and has both advantages and disadvantages. We just need to make a selection according to our needs. We hope that this guide to basic cryptocurrency exchanges and trading will give you a glimpse into the journey of cryptocurrency trading.

Comparison of Next Coin with Nano Coin – Crypto

Nano and Nexti: Are these real and practical cash options? Find out!

Blockchain is no longer a hip geek-talk! Many of us have revolutionized the bitcoin by looking at currencies, ledgers, funds transfers and transactions. The beauty of all virtual currencies is that almost every one of them tries to solve a problem. And this is where the currency of our interest – the next – comes into play. At the time of writing, the similarities between the Nexti platform and the Nano-XRB will be compared to better understand this platform.

Simply put, the Nexti platform has been pitched as a transaction system that will eliminate the concept of transaction fees while ensuring a very fast transfer for the convenience of the users. In addition, the transfers are very fast because the transaction does not require miners to confirm other virtual currencies such as Bitcoin.

However, according to a white paper published by the makers of NEXT, the initial use of NEXT is to help create public funding for newly established e-commerce businesses. Since there are no transactions, very fast transfers (2 seconds! And it’s almost real time) and confirmation fees, the hassle of raising funds will be less. The coin surgically targets ecommerce stores as it will create an ecosystem where these stores will accept NTY coins from shoppers.

The concept behind NTY is making everyday online trading a smoother experience. The team behind NTY consists of blockchain developers and established marketers. Some members of the team have ten to 12 years of experience in full stack development and marketing.

Some of you may argue that the Nano – formerly known as Railblocks, XRB – is already performing the same function as NTY. The XRB currency is somewhat unique because it uses proprietary blockchain data structures. For this reason, each Nano account has its own blockchain that reduces delays for faster transfers. In addition, XRB is energy and resource efficient and does not require a high end GPU system to perform transactions. However, the Nano does not come with smart-contract capabilities. Smart contract means exchanging triggers for any cryptocurrency. These agreements facilitate the exchange of funds, real estate, stocks or any real or non-real entity of financial value. Smart contracts eliminate the need for brokers to carry our crypto for smooth exchange of our crypto. Apart from this one difference, NTV and XRB (Nano) are more or less identical. Another key feature of the Nexti platform is its integration into existing ecommerce applications like Joomla! According to NTY developers, integration takes a maximum of 3-4 hours.

To balance NTY’s demand-supply, the platform comes with a built-in smart stacking program. The program offers bonuses and credits for buying, selling and retaining Nexus. The system is meant for investors and everyday users at the same time.

The capabilities of the Nexus and Nano platforms are huge. Just imagine a world where crypto replaces conventional wallets and transactions are fast! For example, if a merchant accepts BitCoin, it may not be able to transfer goods and services to you before the transaction is confirmed by many minors. And now imagine again paying for goods and services through a currency that quickly transfers from any small verification with a unique zero transaction fee!

5 Benefits of Cryptocurrency: What You Need to Know

If you are looking for a better alternative to cash and credit cards, you can try using cryptocurrency. Currently, this currency is quite popular all over the world. Many companies now accept payments through cryptocurrency as regular currency. Bitcoin is one of the most popular cryptocurrencies, which is why so many people are investing in Bitcoin. Powered by blockchain, you can transact without any security risk. In this article, we are going to discuss some of the most prominent advantages of cryptocurrency.

Easy transaction

If you frequently deal with legal agents and brokers, you know that they charge a hefty transaction fee for each transaction. In addition to these, you will need to pay for a lot of paperwork, commissions and brokerage services.

On the other hand, if you use cryptocurrency, you can eliminate all middlemen. You will use a secure network to perform all your transactions Each transaction will be transparent and will not involve heavy transaction fees.

Transfer of assets

Ownership of cryptocurrencies is easy to transfer from one person to another. Blockchain is behind all ecosystems. Therefore, you can perform all your transactions in a safe and secure environment.

The good thing about cryptocurrency is that it allows you to add third party approvals for future payments. If you have this currency, you can easily transfer assets without any problem.

Confidential transactions

In the case of cash or credit, there is a record of each transaction. And these records are also kept with the bank where you have your account. Whenever you make a transaction, your bank maintains a record of it. Even if you own a business, your bank knows how much money you have in your bank account This is not good from a privacy point of view.

The beauty of cryptocurrency is that every transaction is unique. Each agreement involves negotiating terms. There is a push concept that provides the basis for information exchange. Nothing will be disclosed to the recipient except what you allow. Thus, you will have complete privacy and identity protection.

Lower transaction fees

If you check your bank statement, you will be surprised that the bank has charged a transaction fee for every transaction you have ever conducted. If you do a lot of transactions every day, the total bank fee will be much higher.

On the other hand, in the case of cryptocurrencies, transaction fees are very low. However, if you rent a third party service to maintain your crypto wallet, you may have to pay for this service. However, these fees are much lower than the charges of conventional banks.

Peace of mind

You can use the internet to transfer cryptocurrencies with complete peace of mind. In fact, anyone can use this service as long as they have internet access. All you have to do is get a basic idea of ​​the cryptocurrency network. In short, these are just some of the basic benefits of using cryptocurrency.