Category Archives: Crypto Currency

An extensive review of the best cryptocurrency exchange app

The best cryptocurrency exchange for starters and experienced traders

One of the most growing business sectors is cryptocurrency. There are many opportunities for traders around the world, hence the need to have a reliable exchange.

Many crypto exchanges exist and more keep emerging. Sadly, not all are genuine. Fraudsters take advantage of the fact that a lot of people are looking for a trading platform. They create websites that give fake promises. Innocent users end up losing not only their money but also their data.

Experts recommend performing thorough research before registering on any exchange. Some things to consider include availability, license, ease of use, customer care, and safety features.

Expert reviewers have analyzed the existing exchanges and found Cryptology to be one of the best. The platform can get accessed using a PC or an Android or iOS mobile device. The trading service is accepted globally except in the United States and Japan.

Cryptology is one of the trading companies that meet all the above requirements. The service is global. It is only the people in the US and Japan that cannot benefit from it. However, since the operators keep improving their offers, they will likely extend their services to those nations.

The safest cryptocurrency exchange in 2021

The platform offering trading services is operated by a distinguished company in Seychelles. The first thing traders will notice when they load the website is a simple layout. Even new entrants in the crypto business will not have problems understanding how to operate it.

Registration only takes a few minutes, and customers only need to provide a few details. The operators offer the trading service in languages such as:

  • Bulgarian.
  • Russian.
  • English.
  • French.
  • Spanish.
  • Korean.
  • Chinese,
  • German.
  • Hindi.
  • Polish.
  • Portuguese.

The top cryptocurrency fiat exchange registration and verifications processes

You cannot use the trading platform without passing the registration and verification processes.

The signup requirements:

· Name.

· Nation.

· Email.

· Password.

Verification

The crypto exchange adheres to the KYC requirements. Customers undergo two verification steps that come with different benefits.

The 1st verification  

The step allows you to deposit a maximum of ten thousand dollars. You need to submit the following to pass.

· Your name.

· Proof of your identity.

· A picture of you with your ID.

The 2nd verification

Passing the second verification process permits you to deposit limitless amounts of money. The company requires you to submit the following:

· Your name.

· Proof of your residence.

· Address.

· The issuer.

Your address can get proven by documents such as a utility bill, a bank statement, or a government document.

The features you can find at the best new cryptocurrency exchange. 

There are several features. They include:

  1. Buy cryptocurrency 

Traders can trade cryptocurrency against RUB, EUR, or USD. The feature cryptos are as below, and the operators will keep adding more:

  • BTC.
  • ETH.
  • LTC.
  • USDT.
  • XLM.
  • XRP.
  • ZEC.

Other activities you can do include converting Bitcoin to USDT and vice versa. You can achieve that with a single button click.

  • The exchange

The https://cryptology.com/ website is adaptable and comprises several trading pairs together with market charts and tools for analysis. 

The top cryptocurrencies trading against fiat and stable coins take place on the exchange through placing the following:

· Limits.

· Market orders.

· Stop-limit.

The exchange pairs

  • BTC.
  • ETH.
  • XRP.
  • DYDX.
  • XLM.
  • BCH.
  • LTC.
  • ZEC.
  • USDT.
  • DAI.
  • USDC.
  • TRX.
  • BAT.
  • KVI.
  • PSC.
  • 1INCH.
  • EURS.
  • EUR.
  • USD.
  • RUB. 
  • Cryptocurrency futures

The service allows placing perpetual trades with a leverage of up to a hundred times. The available options include cross-margin and isolated places. 

There are mitigation systems to ensure traders safety and minimizing high volatility risks.

The trading entity also has an insurance fund and auto-deleveraging systems.

  • Earn

The feature got introduced recently to allow traders to make profits of as high as earn up to 15% each year. 

The lock period terms are:

  • Flexible term.
  • A fixed 1-month term.
  • A set 3 months term.

People that stake CRO enjoy better yearly earnings.

The feature rewards through:

  • EURS.
  • DAI.
  • USDT.
  • USDC.
  • BTC.

Direct entry and low charges at the most reliable cryptocurrency exchange

The top cryptocurrency exchange is the most straightforward platform for traders. You can benefit from the service no matter your past trading services. 

$0.10 is the lowest minimum order size that suits any type of trader.

Expect low commissions and trading fees. For instance, the makers’ and takers’ cost is 0.002. In addition, the company has not attached costs on rollover and overnight open futures processes.

You will only incur a small amount when making deposits or withdrawals through cryptocurrency and fiat.

The safest cryptocurrency exchange transactions 

Trading entails depositing funds and withdrawing profits. The leading exchange features fast and reliable payment options.

Ways of making payments:

  • MasterCard.
  • Visa. 
  • EUR SEPA.
  • Deposit Express.
  • Boleto.
  • Wire transfer.
  • Cryptos such as TRC20, ERC20, and USDT.

Ways of performing withdrawals

All featured cryptocurrencies are ideal for withdrawing. The only one customers can’t use is BCH.

The 2nd withdrawal option is the wire transfer. It encompasses a service like SEPA, and only verified members can use it.

Withdrawing funds through wire transfer has a fee. However, depositing funds using the same option is free.

All featured payment services are simple, and they make the trading service flexible. 

Support and security features at the multi-cryptocurrency exchange

Cryptocurrency is one of the business sectors that are prone to scams. However, there have been security bridges in the past, forcing exchange owners to take strict measures.

The leading exchange ensures users’ safety by employing up to date tools. One of the measures is the two-factor authentication that requires customers to prove legit before accessing their accounts. The process also protects processes such as withdrawing funds and editing passwords.

Another safety procedure is the SSL protocol. The process encrypts customers’ information rendering it unreadable to other people. It further identifies and fixes loopholes in the security system.

Expect excellent customer care as well. The company employs experienced and friendly people to attend to users. You can interact with them via email, or you can use the ticket system to request assistance. All issues get resolved within twenty-four hours, no matter how complicated they are.

Furthermore, there is an FAQ section on the trading website. The place has answers to most of the questions traders often ask. So, you may not always need to talk to a support agent.

Conclusion 

The article has covered everything that traders need to know about the leading cryptocurrency exchange. There is enough proof that the service is legit, and users will benefit from the platform. The site is among the most transparent crypto places you can find. You do not need technical knowledge to operate it. It is the perfect place for people that are joining the crypto trading industry for the first time.

The only thing that can be discouraging about the online platform is that America and Japan do not accept its services. Everything else is okay. So, people from all other customers can register and access the service anytime from wherever they are. 

HODL Crypto Token: Yield Farming vs Staking vs Liquidity Mining

The crypto world is raging right now. So many new projects and new cryptocurrency users are active on the internet. New tokens come out every day, and new technologies and ideas are introduced to the users.

If you want to be part of this world, you’re making the right decision. Investing in the blockchain industry is also a smart move, but there are various ways to put your money, and you need to know which one is the best.

In the DeFi industry, there are more different ways to make money out of your actions. For these projects, you can use your machines and assets to grow your wealth. The most common practices are yield farming, staking, and liquidity mining. Let’s see which one seems to be the best fit for you.

What is Yield Farming?

Let’s say you bought a particular amount of the HODL token and you want to make more of it. You can use yield farming to grow your funds. How does this work? You deposit your funds, or part of them, into a liquidity pool where other users and the industry itself can use them for trading needs.

Just like CeFi, where banks need to have the actual currency in their vaults, in DeFi, the traders must have the actual cryptocurrency to allow fast and seamless trading. When you provide your funds for this, you earn interest and make profits.

This method is considered a high-risk investment, as the assets you are investing, can be liquidated, for example. On the other hand, you may earn tremendous amounts if there’s a lot of trading and your assets are used frequently.

What is Staking?

Staking is very similar to yield farming but still different. Staking is a part of the blockchains that use PoS technology. PoS stands for Proof of Stake, and is similar to mining that most of us know very well, but is a different kind of technology used in the crypto world.

Staking works differently than PoW (Proof of Work), or mining, because there’s no actual need of solving algorithms by powerful machines, but the staker that has more coins invested will have a higher chance to prove the transaction, thus, makes more profits out of it. Learn more about it here.

This method is arguably going to take over the better-known Proof of Work way because it spends less electricity and is a more advanced method technologically. Still, to maintain the transactions and validation processes of blockchain technologies, there will always be a need for proof.

What is Liquidity Mining?

Every DeFi project has a liquidity pool in which there are two or more different cryptocurrencies. When users need to make an exchange, the pools will provide the assets for the swap. If there are no pools, or if they are empty, the transaction won’t be possible.

The role of the liquidity providers is to throw their assets into this pool and make a profit every time someone uses them for a transaction. This is called liquidity mining. The providers don’t need to have any kind of special powerful machine to do it, and this is entirely different than the standard mining we talked about.

The risks are lower in liquidity mining compared to the others, but also the rewards are smaller when there’s a chance for it. To get more rewards, you’ll also need to invest more assets into the pools as this is going to help the transactions become seamless. See more about it here: https://medium.com/coinmonks/what-is-liquidity-mining-and-how-does-it-work-d0ab491e607

Conclusion

As you can see, all three have their pros and cons. Some of them are riskier, and some are not as much. At the same time, some of them can give you a lot of profit, and others won’t as much. It’s up to you to decide what seems like the best idea, and where you should invest your assets.

It’s crucial to know that just like in the CeFi world, there’s no business that is risk-free in the Defi world. There’s always a chance for a rug pull or sudden bubble blow of the currency you invested your money in, so better invest smartly.