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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

Peter Schiff Warns Of A Possible Crash Of Bitcoin Below $2,000

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Peter Schiff Warns Of A Possible Crash Of Bitcoin Below $2,000

Peter Schiff, a stockbroker, and financial commentator took to Twitter recently to voice his opinion on the direction of BTC. Though he said the crypto asset is on his way to $6K, however, warns that things can go worse, driving price below to $2K.

A Possible Crash Below $2,000 For Bitcoin (BTC)

Peter Schiff, is known for his love for gold while exhibiting intense hate for bitcoin. However, he has kept an eye on bitcoin, updating the community about its impending crashes to prove his point that bitcoin is worthless.

Though he admitted possessing some bitcoin, his recent tweet still shows he doesn’t see the asset as a wise choice for smart investors.

Peter Schiff, in his recent tweet, expressed how horrible things were looking for bitcoin. According to Mr Schiff, bitcoin is in a move to complete a popular pattern, the head-and-shoulder, which will see the asset drop in value to about $6,000. Furthermore, he opines that bitcoin could slump drastically below the $2,000 mark if the pattern is completed.

While many do not agree with Peter Schiff, some others think bitcoin crashing below $2,000 would be an opportunity to buy more bitcoin.

All these, however, is happening at a time when the institutional traders are trying to pick some interest in bitcoin as trading on the futures exchange, Bakkt, continues to rise.

At the time of writing, bitcoin is currently trading at $8,062.72, with a market cap of over $145 billion according to CoinMarketCap.

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Cryptocurrency

Ripple Sends $26 Million Worth of XRP to Jed McCaleb, XRP Army Fears Another Dump in Price

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Ripple Sends $26 Million Worth of XRP to Jed McCaleb, XRP Army Fears Another Dump in Price

Time and again, several members of the XRP community have opined that the massive dump of the crypto asset in the market has impacted on its price, negatively. Now, there are speculations for another dip in XRP’s price. The latter is after Whale Alert informed on September 7, 2019, that 100 million XRP tokens have been transferred to Jed McCaleb, Ripple’s co-founder. 

Ripple Sends XRP Worth About $26 Million to McCaleb’s Wallet

According to Whale Alert, Ripple transferred 100 million XRP valued at $26,322,440 to Jed McCaleb’s wallet. The transfer has led to the sentiment in the crypto space that XRP might tank below its $0.262 price today. Also, the opinion is due to McCaleb’s reputation for dumping huge amounts of XRP in the market.

McCaleb is Ripple’s co-founder, and in 2014, Ripple transferred 9 billion XRP to him as his share for founding the company in 2012. However, the blockchain company entered a seven-year agreement with McCaleb to control how much XRP he can sell in the market yearly.

Per the agreement, the co-founder could sell $10,000 worth of XRP per week in the first year, $20,000 per week in the second, third, and fourth years, and “750 million XRP per year for the fifth and sixth years.” In the same vein, he could choose to dump 1 billion XRP yearly for the seventh year, and 2 billion XRP yearly after the seventh year.

McCaleb’s Dump of XRP Impacts of Asset’s Market Price

Given that this is the fifth year since the agreement was made, McCaleb can choose to dump thousands of XRP tokens daily. In 2014 when he announced his plans to sell a significant part of his XRP holdings, the value of the asset declined by 40%. As such, the continuous dump of the asset has also been pointed out as one of the reasons why it is not spiking like other top cryptocurrencies.

Asides from being reputable in the XRP community, McCaleb is also a name associated with Mt Gox, one of the first cryptocurrency exchanges. He founded the platform and sold it off years before its hack. Similarly, McCaleb is the creator of Stellar (XLM), the 11th largest cryptocurrency by market cap.

Nonetheless, the crypto community has aired its views about the potential for McCaleb to release another share of XRP to the market. Crypto BitLord, for instance, said: “Wow. Another cool $26M Jed can unload at market. This shits out of control.” Another remarked that: “know, right?! Private businesses shouldn’t be allowed to exist. The name “Jed” should be banned.”

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