September 15, 2019
What is KuCoin?
Today, the KuCoin cryptocurrency exchange is based in the jurisdiction of Hong Kong. A large list of promising cryptocurrencies is currently being traded on the site. The CEO and founder of the KuCoin exchange, Michael Gam, is a technical expert of the world’s largest fintech company Ant Financial.
A unique feature of the KuCoin exchange is that the exchange daily shares half of its profits with everyone who keeps an internal token on the wallet – the cryptocurrency KuCoin Shares (KCS). Also, like Binance, KuCoin takes very low commissions on transactions, and discounts are available for owners of KuCoin Shares.
In this article, we will look at how to trade on the KuCoin cryptocurrency exchange, how to replenish the balance and withdraw coins from the exchange. The limits and commissions of the platform will also be described. A review of the KuCoin crypto exchange will start with a research team.
Registration and Verification
Registration on the KuCoin exchange is extremely simple and takes place in three clicks. To register, you need:
- Agree to the service rules
- Specify mail and password
- Confirm mail
- Registration at KuCoin
And it’s all! After registration, you can immediately replenish the balance and proceed to trade on the KuCoin exchange. From November 1, 2018, the exchange imposes restrictions on withdrawal – 2 BTC per day for unverified accounts. If you will not withdraw from the exchange more than two bitcoins (or another cryptocurrency in the corresponding equivalent in BTC), then you do not need to be verified.
Also, verification may be needed if you start or withdraw fiat funds from the exchange. As stated by KuCoin management, such a function is planned in the near future.
How to deposit KuCoin balance
On any page of the Exchange website, you need to click on the “Dollar” button in the upper right corner and a window will open with a choice of cryptocurrencies that are on the site. In this window, you should click on the “Deposit” button opposite the desired coin that you plan to add to the exchange.
Then another window will open in which you are informed that if you make a mistake when sending coins to the stock exchange, for example, send the wrong currency or send coins to the wrong wallet address, it will be impossible to recover the lost funds. After you confirm that you understand the risks, there will be another window where you will see the address of the purse to replenish.
KuCloin limits and commissions
Commission on transactions on the Kukoin exchange is only 0.1%. This is less than most popular cryptocurrency exchanges. In addition, part of the commission can be redeemed by the KCS token.
Also on the stock exchange established fees for the withdrawal of cryptocurrency. For each coin, the commission is different, for example for BTC it is 0.001, and for EOS cryptocurrency the size will be 0.5. A complete list of current commission rates can be found here.
Cryptocurrency KuCoin Shares (KCS)
Like the Binance Exchange, KuCoin created their own cryptocurrency, which is actively developed and promoted among users. Investors who hold KCS on the stock exchange’s balance sheet receive a discount on the percentage of commission on trade transactions. Also, the KuCoin exchange daily shares with all the owners of the KCS token its profit from transactions. 50% of the total daily profit is distributed among the owners of the KCS coin, depending on the amount of investment. The calculator for calculating profitability is here.
The KuCoin cryptocurrency exchange is a modern secure platform for trading and exchanging digital currencies. The management of the exchange is actively developing the platform and is looking for new ways to attract users by offering new points of interaction. The exchange is translated into ten languages and has a good reputation in the cryptocurrency community.
KuCoin Shares internal token (KCS) allows you to receive passive income as a percentage of the exchange profits. This trading platform has its own working mobile applications, which are a priority for management. In general, the KuCoin Exchange is a progressive, reliable trading platform that is continuously evolving and takes into account the opinions of users.
April 2, 2019
What Is Coinbase?
Among the many renowned cryptocurrency exchanges across the globe, Coinbase is one of them. It was the highest funded bitcoin startup, launched in San Francisco In the year two thousand and twelve. A year after the launch, it became the greatest crypocurency exchange throughout the world. As per now, in thirty-two various countries across the globe, Coinbase attends to more than ten million traders. This is the most secure online platform where you can buy, sell, transfer and even store your digital currency.
How to trade on Coinbase
First, you have to create a Coinbase account. It is not as hard as you may think; as you only have to visit their website, fill in your personal information such as your name, email and the password you will be using for the same. After that, you have to check your email, to find out the confirmation email, which then you shall confirm.
The next step will be to tell Coinbase the type of account you want to create. Most likely, you will select between individual and business account. Then set up the payment method f that I will be favorable for you, for instance, you can enable the two-factor authentication.
You will enable the 2-factor authentication by ensuring that you supply your phone contact, which will be followed by setting up a payment method. Your payment method is up, and now it is time to get started with purchasing the cryptocurrency tokens. It is recommended to start by buying some Coinbase bundle.
What is a Coinbase Bundle?
Coinbase exchange is now offering five available cryptocurrencies namely litecoin, ethereum classic, bitcoin cash, and bitcoin. This bundle of coins will give you an opportunity to split your investments into percentages as follows: 2.33% of litecoin, 15.58 of ethereum, 0.78% of etherum classic, 75.2% of bitcoin and 6.11% bitcoin cash.
Coinbase Fees and Transactions
The Coinbase fees will range from 1.49 to 3.99% based on the method of payment you will be using. It is worth noting that credit cards are quite faster, but they can incur higher charges as compared to bank transfers.
Depending on your location, you will have different transaction limits applying to your account, and you can check them on your screen. Verified residents from Europe, can contract up to $30,000 weekly, while the U.S ones transact up to $50,000 weekly.
Coinbase has a pioneering custody program, which is enjoyed by organizations which trade with them. It only takes holding at least $ 10,000,000, and then set up which needs $ 100,000 and you can enjoy it too.
Coinbase Shift Card and UK Bank Purchases
The UK bank and shift card are two essential parts of Coinbase. They are necessary as you can use them, especially the visa debit, in doing some transactions in various stores that allow the use of visas. If you are U.S resident, you can link your bank account to Cubase, and use it to purchase cryptocurrency tokens promptly.
The pro-section used to be GDAX, and it is meant for the expert traders. It automatically comes together with your Coinbase account and will help you at an advanced level.
Coinbase bought a cryptocurrency exchange known as Paradox and it is focused on the ERC20 tokens, which are the utility tokens in various ICOs. Once they are fully merged with Paradex, Coinbase will integrate the option of purchasing ERC20 souvenirs recently acquired another cryptocurrency exchange called Paradex, which focuses on ERC20 tokens. You will perhaps recognise the ERC20 tokens as the utility tokens found in many ICOs. Coinbase plans to integrate the option of buying ERC20 tokens once they are fully merged with Paradex.
If you have investing needs, Coinbase is one of the best platforms to invest. If you are doing a lot of trading, this is also the way to go. Open your account today, and see the significant impact of Coinbase.
April 1, 2019
Have you ever heard of Wirex? Wirex has been making a name in crypto trading. Many traders are very much surprised on the card’s functionality. It is an all-in-one card that you can use for any type of transaction. If you haven’t had your Wirex Bitcoin Debit Card, my review about the Wirex Bitcoin Debit Card just might convince you to get one.
What is Wirex?
Wirex is one of the most popular bitcoin debit cards. Many cryptocurrency traders often use Wirex in their trading and other personal transactions. The card was created and conceptualized by E-Coin. This debit card has been in circulation since 2014. The card comes in a virtual and physical card. The virtual card is under Visa and is a perfect card for online transactions. On the other hand, the physical card is under MasterCard. The MasterCard comes with an EMV feature and PIN code for any transactions in physical stores. Both debit cards are accepted for any Visa and Mastercard transactions.
What benefits can you get from Wirex?
One of the good things about the card is that it can be delivered to more than 130 countries. Apart from that, it also has a mobile app that allows you to check and transfer funds. The mobile app also allows users to exchange fiat money to a digital token or vice versa.
Wirex has tight security and allows the user to use two-factor authentication. This feature reduces the possibility of the user becoming a victim of fraud and scams. The debit card is not a reloadable pre-paid card. The money that you have in your account will automatically reflect on the card. It has its own account number, CVV code and expiration date of the card.
The best benefit that you can get from the card is it’s 0.5% cash-back if you happen to use it in stores. This is actually more like token-back in the form of cryptocurrency.
What are the things that I don’t like from Wirex?
One of the disadvantages of the Wirex card is that it takes a long time before you can get it. Aside from that, the verification process is often slow and takes a long time to complete. Wirex will ask for several documents before you can complete your verification process. It takes up to 10 days before you can actually complete the process.
The actual Visa debit card is only available to users living in the UK. Users from other countries like the US and other European countries will only have access to the pre-paid card version of Wirex.
List of Fees for Wirex Debit Card
Like any other debit cards, the Wirex also has a monthly service charge. This applies to both Visa and MasterCard. In addition, the physical card also has an additional fee of $17 upon issuance. ATM withdrawals are charged $2.50 for domestic withdrawals while international withdrawals are charged $3.50
To summarize, the Wirex Bitcoin Debit Card is available in both Visa and Mastercard with both Virtual and Physical cards. It also has a mobile application. It supports fiat money like USD, EUR, and GBP. Wirex also supports cryptocurrencies like Litecoin (LTC), Bitcoin (BTC), and Ethereum (ETH). However, Wirex does not allow anonymous accounts.
Overall, Wirex is one of the best options for BTC debit cards. If you happen to live in the UK, this card is the perfect one for you. It’s safe and easy to use. The company is also equipped with the best customer services. I like how flexible it is to transfer crypto and fiat money from one account to another with a stringent identity verification measures. If you happen to consider getting a Bitcoin Debit Card, try Wirex. It’s cheaper and safer.
How was your experience with Wirex card? Send us your comments and tell me what you think about it.
November 21, 2018
What is Binance?
Binance is one of the most prominent cryptocurrency exchanges on the market right now. It was created by Changpeng Zao in China in 2017.
Zao funded the launch of Binance by creating a very successful ICO that generated $15 million by allowing investors to purchase the native Binance Coin (BNB) tokens which are based on the Ethereum network.
The exchange has today been relocated to the blockchain haven of Malta and is turning over $1 million every day in trades. Not only is Binance the largest alt-coin exchange, but also one of the fastest growing.
Why use Binance?
As the number one cryptocurrency exchange for alt-coins, you can be sure to find a huge selection of these tokens on Binance. There are currently over 100 different tokens that can be traded on the exchange. This is a lot of different cryptocurrencies compared to Coinbase, which only lists four.
Binance also has some of the lowest fees in cryptocurrency trading. The exchange only charges 0.1% for each transaction. This fee is further cut in half if you trade using Binance Coin. Depositing money on Binance is free of charge, as opposed to other exchanges where traders are charged.
Traders on Binance will also be delighted to know that there is the opportunity to win prizes. These prizes include everything from new cryptocurrency tokens to cool cars like a Maserati.
The trading volume on an exchange determines how hard it is to buy and sell a given cryptocurrency token. Binance is able to process almost 1.5 million transactions per second, which is another reason why it is so popular.
Finally, Binance is also known for taking security very seriously. The exchange offers users two-factor authentication in order to protect their account and their assets. The Binance website is also protected by the industry-standard CryptoCurrency Security Standard (CCSS).
How do you open a Binance account?
In order to open a Binance account, you simply need to visit the website and register your email address. Once you’ve done this you’ll receive a confirmation email. Logging in for the first time prompts you to set up two-factor authentication with your mobile number.
How do you deposit funds into your Binance account?
Unfortunately, Binance does not accept traditional payment methods such as bank transfers and payment cards. In fact, you can’t use fiat money at all.
The only way to deposit money into your Binance account is to do it with cryptocurrency. If you don’t already have any tokens, then you can buy them with fiat money from other exchanges.
To deposit fund, simply click on the Funds button, and the Deposits. Then click Select Deposits Coin, and type in the code for the cryptocurrency token you’d like to deposit (ie. ETH for Ethereum). This shows you the deposit address unique to that cryptocurrency.
Click Copy Address, then go to your wallet and transfer the tokens to the deposit address. The deposit will be made within 10 minutes and you can view it by clicking on Balance.
How do you trade on Binance?
In order to make your first trade, click on the Exchange button and then select Basic. Select the token you deposited from the Favorite screen, then search for the token you’d like to trade your deposited tokens for.
Once you’ve selected what you want to trade for and with, you will see the current market rates. Either select Market for trading at that rate or Limit to set a limit for when you want to make the trade. Finally, select the number of tokens you want to trade, and confirm the trade.
Good luck in the trading game, and keep an eye out for more cryptocurrency exchange guides on our site!
November 20, 2018
What is the HitBTC exchange?
Based in Hong Kong, HitBTC is one of the world’s top ten cryptocurrency exchanges, and offers some of the most diverse range of cryptocurrency tokens.
The exchange boasts of $500 million worth trades being conducted every day, and more users flock to the platform every day. The main features that attract traders to HitBTC is the intuitive and user-friendly interface, as well as the options for using more advanced features if you’re a seasoned trader. Having been around since 2013, HitBTC benefits from a lot of experience that newer exchanges perhaps lack.
How to sign up to HitBTC
In order to set up your account on HitBTC, you simply visit the official website, click on the ‘Register’ button, and fill in your email, username, and password. You’ll receive a confirmation email, and your account will be set up once you’ve clicked the link in that email.
How to deposit funds into your HitBTC account
As with some other cryptocurrency exchanges, it isn’t possible to deposit fiat money into your account. Instead, you will need to have cryptocurrency tokens in order to make a deposit.
If you don’t have any such tokens, you will be able to purchase them from other exchanges that do facilitate fiat money deposits.
With cryptocurrency tokens in hand (or wallet) you can click on the ‘Desposit’ button. You’ll then be presented with a column of different tokens, from which you select the relevant once and click ‘Fund’. This will provide you with a wallet address, which will consist of a QR code, as well as a alphanumeric code. The process only takes a short while and then your funds have been deposited.
How to trade on HitBTC
You will have two accounts on HitBTC your main account and your trading account. In order to move funds from your main account to your trading account, go to your ‘Accounts’ page and click the arrow pointing between your two accounts. Click ‘Transfer’ and select to the appropriate amount.
Once the money is ready to use, it’s time to head over to the ‘Exchange’ screen to view your trading options. The ‘Instruments’ section will provide you with a list of potential trading pairs. Once you’ve chosen a trading pair you can pick which kind of trading order you’d like to set up. Options include trading at the current market value or when the value hits a specific amount.
HitBTC OTC Trading
Over-the-counter trading is also possible on HitBTC. This allows you to conduct high volume trades without it being recorded on the public order book. You will need to trade volumes over 100,000 USDT, however.
How to withdraw funds from your HitBTC account
Go to the ‘Accounts’ tab and select ‘Withdraw’. You’ll be presented with a column of all your available cryptocurrencies, from which you can select the appropriate one as well as the amount you’d like to withdraw. Paste in the receiving address you wish to transfer the money to, and confirm with two-factor authentication. You’ll receive a confirmation mail notifying you of the withdrawal.
Good luck and happy trading!
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