Just as we have solutions to exchange paper currency, there are a variety of digital outlets that you can utilize to exchange crypto too. This makes everything extremely convenient because they allow everyone to trade crypto for other crypto, or even fiat money. How To Choose The Best Cryptocurrency Exchange?You have to take into consideration a few things before you pick the right cryptocurrency trading platform that suits you and your needs best. These include:
Reviewing BitMEXThis platform came into existence six years ago in 2014. This is not a platform for beginners who are new to crypto exchange. This is because they are more focused on derivatives trading and leveraged trading, and they are known to trade at least $1.5 billion daily. If you are looking to buy or sell a small amount of cryptocurrency then cross BitMEX off your list. BitMEX uses Bitcoin as its base currency and it does not let users deposit or withdraw fiat money. Features
Pros Of BitMEX
Cons Of BitMEX
CoinMarketSolutions ReviewCoin Market Solutions came into existence in 2018 and has already made a name for itself in the world of cryptocurrency exchange. It is based in Eastern Europe and complies with all EU regulations. This cryptocurrency exchange platform offers six trade pairs. That includes crypto and crypto, stocks and Bitcoin, commodities and Bitcoin, indices and Bitcoin, crypto and USDT, and assets and USDT. Coin Market Solutions uses both cryptocurrency and tokenized asset trades, which makes it a versatile yet high-tech platform. It is a great option for people who want to opt for secure trading. Features
Pros Of CoinMarketSolutions
Cons Of CoinMarketSolutions
Bitfinex This is a Hong Kong-based company that started its operation eight years ago in 2012. One thing you need to remember about Bitfinex is that it does not accept customers from the United States. It is a P2P margin trading and lending platform. Even though the platform has a haunted past of hacks, it still is a strong platform that attracts many towards it. Features
Pros Of Bitfinex
Cons Of Bitfinex
Conclusion From these cryptocurrency exchange reviews, we can safely conclude that CoinMarketSolutions is the top choice for crypto exchange. It is by far the safest crypto trading platform that offers a lot to its users. It may be relatively new, but even so it has created a strong reputation for itself in the crypto market. It is a perfect platform for both beginners and advanced users. This is because it is easily accessible and provides a user-friendly interface with options for both beginner traders and professionals. BitMEX and Bitfinex are good contenders, but the issue with them is that of reliability. BitMEX is also a platform that is only good for advanced users, and beginners should not even think about using it as they may encounter a lot of problems. If you want a safe and reliable exchange platform then CoinMarketSolutions is your best bet. It will provide you everything, and more, that you will need to conduct profitable trading. It meets all security protocols and standards, and allows both beginners and advanced users to effectively trade tokenized assets and cryptocurrency.
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The main objective of this article is to explain the scenario of collaboration between the Korean Gaming Platform and Theta Partners that rewards three million users. Main objectiveTheta platform is the token powered Esports streaming platform that expanded to Korean and get started its partnership with the popular Korean Gaming platform named Ludena protocol. The main objective of this partnership is to rewards 3 million gamers for streaming and viewing gaming content. This amazing partnership will be responsible for Theta protocol to integrate to GameTalkTalk. GameTalkTalk is the first decentralized application of Ludena. The app allows the game-centric platforms to million users for accessing the streaming services of Theta by using the platform. The users of Ludena will also get a reward for full engagement in the style of TFUEL Theta's token. GameTalkTalk and Theta TV This partnership will also help to added GameTalkTalk channel to the streaming platform of Theta's named Theta TV. It allows the Ludena to easily tap into the Theta audiences of more than 5 million users. The integration also allows the first launching of Theta's Live Mobile embedded services used for Android in Korea. This integration also allows Theta TV content to easily be broadcast through smart devices like mobile phones and tabs. The collaboration of Theta Labs and Ludena Ludena protocol and Theta labs will also communicate on the marketing GameTalkTalk to various North American and European communities of theta platform. The Chief Executive of Theta's lab, Mitch Liu, illustrated GameTalkTalk app as the ideal partner that helps in the launching of the Mobile embedded product of Theta. Within a few months after announcing of Theta live embedded, the programs now live on many partner sites all over the world. The company also excited to branch-out to the Korean area for the first time and to onboard local content. Consolidation of Theta' Token The markets for Theta's THETA and TFUEL Tokens are trended sideways May after retracing from a meteoric high that was posted in June. During this launch, Theta surge at 450% and TFUEL skyrocket 950% according to the May report.
According to last month's retracing, THETA has varied from $0.22 to $0.26 while on the other hand, TFUEL ranged from $0.008 to $0.01. How can token burning be explained?Token burning is removing a specific number of tokens from circulation. It can be done for different goals but usually for deflation. Bitcoin and big blockchains don’t use such a method, however, it is often used by altcoins to control the number in circulation which is useful for investors. This process reminds stock repurchase by publicly owned companies, which leads to a low amount of stock available. How does the process of token burning look like?When tokens are burned, it means they become unusable but not burned literally. For that, the tokens’ signatures are located in a specific wallet called “eater address” that is visible for users but constantly frozen. Blockchain shows the status of such coins. Methods of token burning usually depend on its purpose. One burn can be required when an initial coin offering is done. Sometimes tokens are burned from time to time at specific volumes and time periods. For example, Binance burns tokens every quarter, while the number of coins depends on the number of trades that happened in that quarter. Some companies like Ripple prefer to burn tokens during every transaction. Stablecoins make tokens when they deposit funds into their reserves and burn the equivalent amount. No matter which method is used, the result is the same as burned tokens become impossible to use. Why do companies need to burn tokens?There are several reasons but the main one is increasing the value of every token by lowering supply. This is why almost all cryptocurrencies have a specific number of tokens allowed to be in circulation.
Binance and different companies burn unsold tokens after their initial coin offering is completed. Sometimes tokens are burned after error correction. For example, Tether made $5 billion by accident and needed to burn it. Companies can buy coins and then burn them immediately to increase the value. Some companies also do it for making transactions secure. How Fraud of payment occur? Fraudsters become creative. So, it means that constant attention is important to secure crypto. Ghost platforms that imitate genuine crypto exchanges. Fake platforms may invent users to create a business that seems real. Many addresses are identical to send funds. Many other reasons may find in the world of Crypto exchange. Fraud in the biggest business in this field. Sham initial coin offering is the earlier fundraising method. Crypto may raise for those businesses which look promising. It gives better returns but in the end, the company disappears without any traces. The warning signs were: · Plagiarized white paper · UnIdentification of team members · Tough questions from investors went ignored It is important to have a higher level of security because it is impossible to verify the identity of someone in the crypto world. It affects the confidence of consumers and adopting digital currencies. In a report of Blockchain Usability 2019, there were 25% of consumers of cryptocurrency that was confident and comfortable because of their planned transactions. Other people were nervous about their payment. Some common ways that should be tricked
Businesses, exchanges, and people may have a dual nature. For instant, if you look for the crypto exchange that offers low fees and fantastic rates on a trading fess, then it might possible that after making a deposit you are unable to withdraw funds. Another risk may be security measures. So, it is important to focuses on due diligence and a positive review of the social networks of crypto. Some fraudulent schemes related to crypto are: · Ponzi scheme · Phony crypto wallets · Fake mainstream news articles · Official social media pages The main aim of these pages and schemes is to capture the crypto consumers having little experience. They claimed to have the endorsement of different popular personalities like Richard Branson, Kate Winslet, and Elon musk. Some Facebook pages launch some fake pages that claimed to be official sites. They offer the best chance for the consumer to buy Stablecoin at a reasonably discounted price. How to track crypto transactions? After sending payment, the transaction can easily be verified through the blockchain. Through bitcoin, you can check the transaction Id and find out the progress of payment. The detail consists of fees, and transaction confirmation. 6 confirmation is needed to make the transaction successful in the Bitcoin case. Another cryptocurrency has its way through which they verify the payment. ERC-20 token verified via Etherum blockchain. The government takes some action to track cryptocurrency. The main objective is to stop using the illegal activity related to crypto transaction. |