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Best Cryptocurrency Exchanges In terms Of Reliability

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Lack of reliability and loss of liquidity has led to the downfall of most Cryptocurrency exchange. Recently Bitmarket was shut down due to reliability and low liquidity. Below is the best Cryptocurrency exchange in terms of reliability.

Currently, Binance is the most trusted, fast-growing and popular cryptocurrency exchange in the cryptocurrency ecosystem.

It is well known for its dual interface which provides advance and basic trading features for beginners and experienced traders.

Binance is used worldwide. In terms of 24/7 trading volumes and reliability, Binance is the best. It supports more than 100 coins deposited and withdrawal is possible at any time which has led it to be among the top 10 Cryptocurrency exchange in terms of security in the crypto trading space.

Binance is also known for its trading rates with a fee as low as 0.1% and an additional 25% discount for every transaction conducted within the token of BNB.

Binance exchange has one of the fastest customer services despite its large size of operations which is a bit reliable compared to others.

Next on the list is another popular cryptocurrency exchange known as Bitmex. It has gain popularity due to speculations and the name it has made for itself throughout this year especially in the area of trading. It has high attendant liquidity and trading volumes.

Bitmex can boast 35,000 BTC trading volume within a day and records more than 540,000 within a month. After Bitmex was introduced into the Cryptocurrency trading space, it has reportedly traded an amount of $34 B worth of BTC.

Bitmex is considered to be one of the reliable Cryptocurrency exchanges because it is the only Cryptocurrency exchange that provides traders up to 100X leverage. It is also known for its perpetual token swap and trade features.

Bitmex is designed in a way that the fee structure varies differently from various Cryptocurrencies whether you are placing a future trade or leverage trade.

There is only 0.001 BTC minimum withdrawal or deposit limit in Bitmex exchange and there is little fee needed to pay for withdrawal or deposited fee which makes it more famous compared to other crypto exchange.

Finally, LBank is a Cryptocurrency exchange which was founded in 2016 with the intention of providing global users with Cryptocurrency asset in terms of managing solution to users. It is owned by a Chinese company known as Superchains Network Technology Co.Ltd.

It offers client all over the world with a variety of Cryptocurrency in relation to a digital asset.

LBank exchange is based in Hong Kong and therefore do not work under any reputable authorities. Meaning it is not a licensed exchange.

Their platform for exchange is very interesting with an intuitive interface which is very easy to use. It has interesting features such as KDJ, MACD, CCI, RSI which makes is more reliable, interesting and easy to use.

LBank supports more than 40 different Cryptocurrency in 6 different Cryptocurrency markets. It only supports crypto to crypto trading. The number is likely to change in the future due to the increase in the number of Cryptocurrencies.

In the Asian market, LBank cryptocurrency exchange is growing and gaining much interest with Asian Cryptocurrency investors.

The exchange does not support English speaking traders which makes it a bit limited. Like I said, their platform is nice and easy to use and has advanced features and tools. Their security system is very strict which makes it more reliable compared to other crypto exchange.

There are several Cryptocurrency exchanges in crypto trading space. But the above listed are the common and well known in terms of liquidity volume and reliability.

Cryptocurrency

40% Of Bitcoins Are Stored On Wallets With A Balance Of Over 1000 BTC

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40% Of Bitcoins Are Stored On Wallets With A Balance Of Over 1000 BTC

Over the past few years, several “warning bells” have started to sound for all Bitcoin maximalists. Seems like the decentralization of the main cryptocurrency is more like a myth and has neither part nor lot in ability-status congruence. According to some experts of the industry, 40% of all Bitcoins are stored on cryptocurrency wallets with a balance of 1000 BTC or more.

Who Controls Bitcoin?

According to data published by digital asset strategist/director at VanEck Gabor Gurbacs, there are only 3 wallets that own 100000 BTC and more and 115 that own 10000-100000 BTC. The main part of them is cryptocurrency exchanges with millions of users.

If we exclude some factors that could affect the accuracy of the results, in particular, remove wallets belonging to exchanges, we can get the following result.

The results are presented below on the chart of the Lorentz curve. A straight blue line demonstrates the complete equality in the distribution of coins, that is when each person gets an equal amount of BTC. The red curve under the line corresponds to reality – the ratio of the number of wallets to the number of all coins have already mined. As we can see, the first 25 % of the holders don’t own a few percents of Bitcoins. But the tiny part of the particularly well-to-do holders accounts for most of the existing coins.

lorenz curve

Source: trustory.io

That is the diagram indicates the “unfairness” of the cryptocurrency distribution. Although it simply indicates the difference in the social status and condition of industry participants.

In general, the Lorentz curve demonstrates income unfairness in economics. The closer the curve is to the straight line, the fairer the distribution of all the funds. Its position on the chart is controlled by social programs and tax reforms.

This statistic has been criticized by some Twitter users. BlockTower Capital co-founder Ari Paul advised experts to exclude wallets with an account balance of less than 0.01 BTC from the sample. According to him, any user can create thousands of Bitcoin addresses, which then will not be used. Therefore, these purses are supposedly not worth taking into account.

That wealth is unevenly distributed is probably a normal situation. However, as well as knowledge: the one who constantly studies new areas, the first to receive various things, which then become wealthy. The example is registering the first domains in the .com zone because their further sale brought millions of dollars to the owners! Among this one occur to sex.com or casino.com

Another example is early investors. Shares of Facebook or Amazon, bought a decade ago, were considered a completely rubbish investment, but someone believed in these companies and their business model.

To get closer to the cherished percentage of the richest Bitcoin wallets it is the proper time to buy cryptocurrency. That time we will live a life!

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Blockchain

The Future Of Publishing With Blockchain, Steemit vs. Publish0x

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The Future Of Publishing With Blockchain, Steemit vs. Publish0x

Blockchain technology has seen many projects for content creators to showcase their crafts.  The emergence of platforms such as Steemit and Publish0x provide writers with a great opportunity to showcase their skills to the world. Even better, they pay them. Wow!

At this time, I know newbies are asking themselves, Steemit or Publish0x? Worry no more; I’m here to analyze both platforms. Buckle up my friend, this road might be bumpy.

Steemit

Actually, Steemit has been in business for quite some time now. The platform has grabbed the attention of most content creators but not many have been successful over there. Well, this might be due to the fact that the quality of the content might not correspond to the amount of influence you get on Steemit. I know! This is the sad truth. As a matter of fact, low-quality content may receive more earnings compared to your high-quality masterpiece.

On the brighter side, Steemit is a global community. It is quite possible to meet fellow steemians in your local town, or even better, in the annual steemfest. Sounds amazing, right? Anywhere you go all over the world; it is possible you have some Steemit friends there.

Some other good news, it is up to you to influence your earnings on the platform. Does the mention of cash excite you?

Whilst it is not possible to influence the amount you earn, it is possible to influence and improve your earnings by staking Steem earnings. Another money-making opportunity is by investing in the voting bots. Yes, it is possible to create a steady income on Steemit.

I know what I have done here. The sound of bots is a turn off to many of us. I’m not a fan of bots either. However, the fact is that Steemit has a very high number of bots. I know it is sickening but well, we have no choice.  That’s Steemit for you in short. Let’s have a look at the other one:

Publish0x

This is a brand new one. We all love our new stuff and obsessed with them. Well, Publish0x is no different from them. Most tend to love it more and I’ll give you the reasons why. But first, in this ‘brand new baby’, users get rewarded using bounty0x tokens. Now, back to why most people love it more:

Money my people! Unlike Steemit where you have to wait for seven days to get your Steem, Publish0x pays instantly. People view your content and tip you. The more readers tip you, the more money you get. This is a monopoly free platform compared to Steemit which operates in monopolies. Moreover, the minimum withdrawal amount is 156 tokens which sound fair to me.

The good thing with publish0x is that it has a referral/ambassador system. Do you know what this means? It means Publish0x will grow at a faster rate. This is a good thing because traffic brings about more tips. More tips mean more Tokens. Practically, it is much easier to make money on publish0x than Steemit.

Another positive is that readers and writers both get rewarded. I know it sounds crazy but it’s true. But come to think of it, an author without a reader is worthless. Most importantly, readers and writers are all equally as significant.

No bots on Publish0x! It’s a bot-less platform, everyone is happy.

In Conclusion

It is interesting to see how this Publish0x platform develops. It is still in beta version but making strides. On a personal view, I think Publish0x has nice and friendly features compared to Steemit. It is only a matter of time before it bumps it.

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