Plus500 scam

Is Plus500 A Scam?

Unfortunately you can find scam brokers online. But is plus500 also a scam?

Plus500 is arguably one of the most highly rated and popular brokers in the world.

There are a number of reasons as to why it is one of the best.

Is Plus500 a Scam?

Plus500 is definitely not a scam. I’ve used the for years without problems, and so did millions of other traders.

In fact, Plus500 is listed on the London Stock Exchange. This means that you can buy Plus500 stocks. This also shows how awesome this company is.

Plus500 is the official sponsor of the football team Athletico Madrid. Only big and legit companies do sponsorships of this size. Scam brokers never do sponsorships, because that is a long term investment.

Question: Why does the logo of Plus500 have the “CFD Service. 80.6% lose money” warning?

Answer: This is because they are forced to do it by the regulators. All kinds of investments are risky. But especially CFD brokers like Plus500, have to add this warning everywhere possible (is CFD trading a scam?).

What is Plus500

The first thing to note with any broker before signing up is legitimacy.

This can be found through licensing and regulation under internationally recognized financial authorities.

In the case of Plus500 , we know that it is licensed and regulated by at least three of the world’s leading regulatory bodies – the FCA, ASIC, and CySEC. What’s more, this broker is also listed on the London stock exchange.

plus500 advantages

80.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money

Being listed on a stock exchange does not completely prove the legitimacy of a broker.

However, it does require it to release its accounts to the public during every semester, which helps traders make a more informed decision when it comes to signing up. A listed company must also satisfy the standards of various auditors and other trustworthy financial bodies.

The broker is so good that we’ve compared Plus500 to eToro.

For a lot of brokers, financial regulation and stock market listings are not everything, and they should not be. The daily services and operations of a broker should also be heavily scrutinized in order to determine reliability.

Is Plus500 Safe?

In a word, yes, but as a trader, you are going to need a more comprehensive answer to that. Is Plus500 a legitimate broker worth trusting with your online investments? We shall now take a close look and find out.

Accounts

Plus500 offers a really simple choice of accounts, a demo, and a live account. The demo, of course, is available free of charge with no accompanying time restrictions. Meanwhile, the live account can only be activated after making an initial deposit of at least 200AUD. For forex traders, leverage for a live account goes up to 1:30.

Trading platform

Plus500 uses an elegant design of trading software that is substantial but also easy to access and use. It arms clients with important services such as technical analysis software. It also enables traders to manage multiple markets on the same screen whilst providing price quotes in real time.

Plus500 is primarily a CFD broker but its platform also offers currencies, cryptocurrencies, commodities, stocks, ETFs, and indices.

The platform also comes in four different versions – one which is web-based, one which can be accessed on your desktop, one which can be accessed on your portable Android and iOS devices, and finally, a downloadable version.

Funding methods

You can fund your Plus500 account using either your Visa or MasterCard credit card. You can also use MoneyBookers or a bank wire transfer. The latter usually takes several days to be processed.

Customer support

The Plus500 customer support team is on hand 24/7 where users can communicate in multiple languages in addition to English. They can be reached via email or an online chat forum but not by telephone. This can be a problem for clients who have trouble connecting to the internet.

Conclusion

In terms of safety, Plus500 is on par with many of the world’s leading brokers. Plus500 is not a scam. The fact that it is heavily regulated under multiple financial authorities combined with general efficiency in all its services makes it an attractive and reliable choice for many traders.

volatile penny stocks

Which Are The Most Volatile Penny Stocks?

If you are trading in penny stocks, then instability is something that you need to get accustomed to.

At the same time, you will have realized how some of the most volatile penny stocks can actually work in your favor.

This is because erratic prices often bring the promise of high gains and minimal losses if you know what stock to put your money in.

For others, unstable penny stocks may be a cautionary tale about what companies to avoid. Day traders love volatile stocks.

Here is a list with penny stocks that are the most volatile:

1. Insignia Systems

For the most part, the stock for Insignia Systems does look as though it is going to improve. Nevertheless, there are some confounding performances that add to the overall uncertainty. Let’s take a closer look at this to see where it can go…

On the one hand, this does look like a positive growth opportunity for traders that are interested in short-term as well as long-term stocks. This is largely because the company has experienced some heavy losses and is only now making its way back, in the latter portion of the year. Not to mention, the small, company-instigated flash crash caused the share prices to dip even lower.

Despite this, though, there is a silver lining for this company, particularly when you look at the way that the company is performing. The general direction of the company, including its sales, make this a company to watch out for. The main reason for uncertainty here is the fact that the share price is facing a mild resistance level. Should it be able to break out of this, however, things could start looking up.

2. Dogness Corporation

Once again, this is yet another company where it can be difficult to know the direction of progress. The main issue with Dogness Corporation is that it is standing in the middle of two rather extreme share price scenarios. Should the market stabilize itself and head in a more positive course, then there is a good chance that the share prices will move in a similarly upward direction. In the event that this doesn’t happen, though, you could take on some serious losses.

Ignoring this, there are a few other points to take into consideration. On the plus side, this company offers a rather innovative product – smart technology for pet-related products. Due to this, the potential for growth is high. That being said, as the main company is based in China, many potential investors may be put off by this.

These penny stocks are almost completely geared towards investors that don’t mind some speculation. They also need to be able to accept both the high risk and reward scenario. Last but not least, these individuals will have to conduct further review of the company to be certain about its performance.

3. LUNA Innovations Incorporated

This is yet another company stock price that is at the mercy of the surrounding market. As such, if the current volatility continues, then there is a good chance that the share prices of LUNA will follow suit. In this sense, it can be difficult to pinpoint just how well it will do, at least in the near future.

See, this company shows signs of long-term progress and therefore, a good share price for penny investors. This situation can be determined by looking at how well the company has been doing over the past few years. Where it gets tricky, nonetheless, is the short-term position. So, if the rest of the market looks to be in a tough position, then these shares will certainly not fare well.

One clue that may help you to decipher the situation is to check if there is a mild support level around the price point. As long as it stays at $3.00 or more, you should be fine. Still, if it gets any lower than this, you should stay away from the stock.

4. Turquoise Hill Resources Ltd.

Turquoise Hill Resources is a company that finds itself in a rather precarious position. On the one hand, this a company that has been performing quite well and for the most part, this was reflected in the stock price. Unfortunately, sentiment towards commodities changed in the marketplace. This meant that most investors began selling their positions in relation to commodities.

Nevertheless, there is also just as much good news for investors as there is bleak news. This is because the company is actually strong enough to make a comeback on its own. Therefore, buying shares for a lower price now could be beneficial in a short while. To add to this, if market sentiment towards commodities also rebounded, you could be looking at even more profits.

All these are great volatile penny stocks for day trading.

How to Find the Best Possible Penny Stocks to Trade With

As mentioned, trading volatile penny stocks does afford you the chance to make a good profit. This, however, is dependent on you making the right selections at the best possible chance. As such, you should always remember these following tips in this kind of situation:

  • Focus on the Facts: before buying stock, you will need to have a full understanding of how that company works. This means understanding the business plan and its potential for profit. At the same time, you will also need to look into how well that company can survive in a particular sector given its competitors.
  • Understand the Value: the other thing that you will need to do is to understand the value of the stock that you are buying. Keep in mind, it isn’t just share price that you need to focus on. You will also need to look at the number of shares that are still remaining. This will allow you to more accurately determine what your shares are worth in the company.
  • Consider All Factors: finally, there is more to penny stocks than just the company’s performance and share price. To really understand how the price will increase or decrease within a period of time, you will need to look at all compounding factors as well. This includes elements such as market sentiment, global issues, and various other aspects.

These are the most important volatile penny stocks that you need to know about. Based on this information here, you can plan how you would like to proceed with each of these companies. Just make sure that you make the best possible investment decision for you.

penny stocks trading apps

Free Penny Stocks Trading Apps

Penny stock trading has evolved with the rest of the industry and now, you can place trades on your laptop or smartphone.

Of course, to do so you, you will need the best free penny stocks trading apps to work on. After all, in such a situation, the success of your trades can largely depend on the technology that you are relying upon.

The popularity of mobile trading means that there are more apps than ever to choose from. Everybody tries to make money with trading and become a millionaire. Nevertheless, not all of these apps are equally up to scratch. To discover which ones you should actually be using, check out the information below:

What Does ‘Free’ Mean?

As you will have noticed, this article deals with free trading apps. However, you will find that each app uses the term ‘free’ in a different matter. Here is a closer look at the distinction:

  • Free Trading Apps Without Fees: these apps are free to download and use. As such, they have no additional fees attached to them, even when you are trading. One of the downsides to these apps, though, is that they may be limited in the services that they offer traders.
  • Free Trading Apps With Fees: then, there are the apps that are free to download but do have other charges tacked on. These will charge you fees or commissions when you begin to place trades or utilize other services on the app. While there are extra costs involved with such apps, there are more benefits as well. For instance, you get access to a greater number of features.

Now, let’s move onto what the best apps for each of these options are…

Free Penny Stock Trading Apps That Have No Fees

Let’s first begin with the trading app that is completely free to download and trade with:

Robinhood Trading App

Are you a beginner trader or want to limit how much money you spend on trades? If so, then the Robinhood trading app is for you. As you can imagine, the biggest advantage of this app is that there are absolutely no fees involved. So, even when you place trades using the app, you will not be charged any commission. This is particularly useful when trading penny stocks where each of the share values is so low.

At the same time, you should know that this app only works with the major exchanges in the industry. Due to this, you will not have access to over-the-counter or Pink Sheets stocks. So, your options for investment can be a bit limited at times.

Free Penny Stock Trading Apps That Have Fees

The list is here is a little more extensive. It must be stressed, though, that you will always need to double check the precise fees and commissions associated with any service on these apps.

Here is a list of apps that have fees but are free to download:

1. Charles Schwab

Just because Charles Schwab isn’t free doesn’t mean that it isn’t affordable to trade with. See, this app charges just a $4.95 flat commission when you buy or sell stock. To sweeten the deal, there is no account minimum which means that even beginner traders can use this app.

In case you are wondering just what it is that you get for this fee, the answer is quite a lot. For one thing, you will be provided with access to the Over-the-Counter Bulletin Board. You may also be able to see certain Pink Sheet stocks as well.

The broker also boasts an excellent and reliable app that makes it quite easy for you to make trades with. Not to mention, their top-notch customer service means that you will be able to easily speak to a professional, should something go wrong.

More Articles:

2. TD Ameritrade

Now, as far as brokers go, TD Ameritrade isn’t the cheapest one around. This is largely due to the fact that it tacks on a $6.95 commission fees to any trades that you make. Fortunately, there is no minimum deposit required to get started. Nevertheless, if you try to sell your shares before the 30 days requirement, you may have to pay a penalty.

When you consider all of these points, you may be at a loss as to why TD Ameritrade is a good option. Well, if you are an experienced trader, then this app-based platform is going to blow you away. It provides you with all of the information that you need with a click of a button. You are even given the opportunity to construct your own indicators.

Free Penny Stock Trading Apps with Account Minimum Requirements

There is another tier when it comes to free apps with additional charges. There are some broker apps that require to have minimum account balances or deposits when trading. This is in addition to some other fees and commissions.

Here is a list of apps that have minimum requirements (free download):

1. TradeStation

TradeStation charges a $5 flat fee for each of the trades that you make. Depending on the services that you wish to access, there may be other charges levied against you as well. Last but not least, you are also expected to maintain an account minimum of $500.

Despite these numbers, there are many advantages to this app. It is certainly well-designed, simple to use, and efficient. Therefore, you will find it quite useful when making a trade. At the same time, there are also a few opportunities for you to bring down the overall cost of the trade. The per-share pricing and unbundled pricing options mean that both low-volume and high-volume traders can find a way to keep costs a great deal lower.

2. Interactive Brokers

Interactive Brokers offers a rather mixed bag when it comes to the trading app. On the one hand, the app functions extremely well and is known for its excellent trade execution. Furthermore, there will be quite a few trading options available to you. There is also the fact that you will be charged just a commission of 0.5 cents per share, with a $1 minimum per order.

There is a catch, though, with the minimum account. To get started, you will need to deposit at least $10,000 in your trading account. Afterward, if you don’t have a balance of around $100,000 you will be charged a monthly commission minimum of $10.

If you want to trade via your desktop or even smartphone, there are a lot of options for you to select from. With the information provided here, you will now be able to select an app that is perfectly tailored to your trading budget as well as your overall requirements.

Can You Really Become a Millionaire from Forex Trading?

Can you become a millionaire by trading forex? When it comes down to it, this is the only question that potential traders care about.

This is because, on the surface, forex trading seems like a glamorous way to make money in a short period of time.

Well, while the question may appear simple enough, the answer isn’t quite so cut-and-dry. Alternatively take a look at our other article: Can I really make money with binary options?

Want to start forex trading? Check out the top rated brokers

In fact, if you want the best explanation for this query, you will need to go through the information below.

Can I Become A Millionaire Too?

The most appropriate response to this question would be: yes, but…

As you can see, there is a condition to this answer. This is because, in an ideal world, you could become a millionaire by trading forex. Unfortunately, this is not likely to happen for the average trader. Now, your reaction to this may be – “but what about those millionaire forex traders you hear about?”

And yes, there are a few forex traders who have managed to earn millions of dollars, just by trading forex (and none of them were beginner forex traders).

These, however, are far and few in between. Once you have a better understanding of how forex trading works, you will see why this is.

Why Is It Difficult to Become a Millionaire?

Now, let’s take a look at some of the reasons why it is so tricky to become a millionaire through forex alone:

  • Not Enough Capital: for you to make greater profits on each trade, you will need more capital to start with. You will probably need tens of thousands of dollars, probably more, to make your dream of being a millionaire a reality. This isn’t realistic for most individual traders.
  • Additional Costs: every trader has either commissions, spreads, or fees to deal with. It is not unusual for these costs to start to eat into your profits, greatly reducing how much you are able to make with each trade.
  • Losing More Than Intended: forex trading does have a few safeguards in place to prevent too much of loss with each trade. Nevertheless, even when you utilize these, there is always a chance of you losing some money with a trade.
  • Volatility: currency markets can be uncertain. It can be difficult to be a 100 percent positive of the direction that a currency pair can move in. Not to mention, the global situation and other factors can cause a currency pair to suddenly be quite volatile.
  • Choose the right broker: only sign up with the most trusted forex brokers.

How Much Money Can You Make with Forex Trading?

Now, it has been ascertained that it can be tricky to make millions through forex trading. Therefore, the next logical question is how much can you make with this form of trading. As mentioned before, your total possible income with forex trading depends on several factors. These are:

  • Starting Capital: to make a lot of money, you are going to need a lot of capital. With forex trading, you actually don’t require much startup money. Still, if you are going to want to make more money with your trades, you are going to need more money.
  • Trading Percentage: it isn’t just your overall capital, however, that is relevant. How much you can earn with any trade will depend on the percentage of your capital that you will be risking with each trade. This will determine how much you can potentially make with any one trade.
  • Leverage Used: you can always tap into leverage to add to the amount that you want to place on your trade. So, if you find a broker with leverage that you can afford, you can potentially end up making more on that trade.
  • Trading Strategies: of course, at the end of the day, it really depends on how good your trading strategies are. A better strategy will allow for more winning trades, thus increasing the money that you make.

How to Be a Successful Forex Trader

Just because you can’t be a millionaire forex trader doesn’t mean that you can’t be a successful trader. There are plenty of traders who make enough money to survive and some make considerably more than that as well. Here is how you can manage a similar situation for yourself:

Follow the 1% Rule

Forex trading does carry a certain level of risk. This is why you need to limit the amount of money that you can lose on a trade. To toe the line between risk and reward, you should avoid risking more than one percent of your total capital on any one trade. This prevents you from losing more than you can afford.

Always Have a Trading Plan

You should never trade without a trading plan. See, a trading plan will allow you to identify the right points to enter and exit the market. It will also give you some idea about how much you should trade and what strategies to use. In short, it can increase your chances of winning.

Use Leverage Wisely

Leverage does allow you to buy a greater amount of currency than your capital allows. At the same time, it has also proven to be the downfall of many a trader. While leverage can magnify gains, it can do the same with your losses. So, use it wisely and always stay within your means.

Utilize Stop Losses

As a trader, you should realize that stop losses are one of the most powerful tools in your arsenal. As long as you use it appropriately, you will be able to significantly reduce how much money you can lose on a trade. So, always set the right limits for every trade and you will be able to come out of most trades relatively unscathed.

Now, this article may have not provided you with the answer that you wanted to hear. Of course, this is because it is not a realistic notion to have if you want to be a successful forex trader. So, while there is certainly a chance for you to make money with this form of trading, it is not going to be easy as you expected. Not to mention, you may not be able to make nearly as much money as you hoped. Nevertheless, if you are true to your craft and are a wise trader, you can be a lot more prosperous than you can imagine.

How To Trade Ethereum

After Bitcoin, Ethereum is the most traded cryptocurrency at the moment.

Ethereum is a fast and cheaper cryptocurrency, compared to Bitcoin. If you want to know, how to trade Ethereum follow the guide below.

How Ethereum Trading Works

Trading Ethereum is not that complicated as you may think. All you have to do is to follow a few simple steps.

Here are all the steps needed, to start trading Ethereum:

  1. Open Account At An Exchange: You need to register an account on an exchange like Coinbase or Kraken. This exchange has to accept fiat money (USD, EUR etc.). This is the reason why we haven’t mentioned Binance here.
  2. Deposit Money On The Exchange: Once your account is opened, you need to make your initial deposit. It is not recommended to invest more than 10% of your net worth into cryptocurrency.
  3. Buy Ethereum With Your Money: If you are only interested in Ethereum, there is no need to buy Bitcoin first. Most exchanges allow you to buy Ethereum directly.
  4. Start Trading Ethereum: Once your first Ethereum coins are purchased, you can send the cryptocurrency over to Binance. We recommend Binance, because it’s the most trusted exchange that has most of the coins listed. Now you can follow your trading strategy and exchange Ethereum into other coins whenever you want.

When signing up to Binance, to trade Ether, you can use this Binance referral code.

Ethereum Trading VS Ethereum Investing

There is a huge difference between trading and investing.

You may have searched for “how to trade Ethereum” when you found this article. But in reality, you may be more interested in the investing part. Let me explain:

  • Ethereum Trading: This is for those of you who are looking for short term profits. There is day trading where you basically trade Ethereum a few times a day. Some people can make a living off of this. There is also swing trading ,where you trade the cryptocurrency one a week or month. This is also considered to be a short term trading strategy.
  • Ethereum Investing: Investors typically just buy and hold. You don’t care about short term losses or gains. You know that in the long run, you will be in profit anyway. For most people, investing is the simplest and safest way to make money with crypto.

Ethereum and Ethereum Classic

We must clear up one important detail about Ethereum vs Ethereum Classic – they are not the same.

  • Ethereum is abbreviated to ETH
  • Ethereum Classic is also called ETC and there are times when traders fail to make the crucial distinction and end up buying Classic.

At first, there was just Ethereum and later the Decentralized Autonomous Organization (DAO) was formed as a kind of crypto-hedge fund, which raised some 150 million dollars’ worth of Ethereum. However, the code it was based on was not all that perfect.

One hacker in particular managed to exploit the loopholes in the system well enough to land Ethereum tokens worth $50 million. So obviously, Ethereum users and developers were not amused and asked that the stolen currency be reimbursed and the code be given its due update.

Meanwhile, ETC supporters maintained that the code was the law and that whatever happened ought to be forgotten.

But losing $50 million is not easily forgotten. Thus, the split between ETH and ETC, and the latter still operates as the original Ethereum did.

Start Trading Ethereum With A Strategy In Mind

Ever since their arrival on the online trading market, cryptocurrencies have caused one heck of a fuss among traders. They represent some of the most lucrative profit potentials of any trading commodity. Ethereum is one of these wild cryptocurrencies with an insane capacity for inflation, able to raise its value from $8 to about $400 in less than half a year.

trade ethereum

But before you jump right into Ethereum trading and attempt to get yourself some of that, it is important to know that Ethereum, like any cryptocurrency, is a highly volatile commodity. If it has the capacity to make a rapid climb from $8 to $1000 in such a short time, you can be sure that it has the capacity to descend just as quickly.

If you are really going to make healthy profits by trading Ethereum, you will need to remain sober and focused on a long-term vision. It is all about implementing a successful strategy.

A good strategy is to buy Ethereum on support levels and sell it at resistance levels (or simply hold it for years).

Is It Still Worth To Trade Ethereum?

Like any prominent cryptocurrency in the world, Ethereum has the potential to sustain truly ridiculous surges in its price.

To put that into context, the price of Ethereum at the beginning of a given year can spike to as much as 5000% before the year is over.

That is growth like you have never seen before. However, factor in the opinions of analysts, and there is good reason to anticipate that the market as it were is on the way to correction. Nowadays you can even use Ethereum to play slots and bitcoin games.

Certain coins may well become outdated and a small number of coins are expected to increase in value from what they were.

Ethereum VS Bitcoin

As a trader, it is in many ways a good idea to invest your money in cryptocurrencies that are not carbon copies of bitcoin that have different uses and technologies.

In this regard, Ethereum has been developed with Smart Contracts as well as computation. That makes it a much more versatile and capable platform than Bitcoin.

In fact, you can perform more transactions on the Ethereum network than with Bitcoin, and for a lower fee too.

Some reports state that the market cap for Ethereum may well usurp that of Bitcoin in the not-so-distant future.

Others claim Ether could topple Bitcoin both in the number of users and the capability of its platform, specifically in computational power and cybersecurity.

Rest assured, Ethereum has a very capable team to work on it. Co-founder, Vitalik Buterin, was first introduced to bitcoin when he was merely 17.

Not long afterward, he would bring home the Bronze Medal in Informatics at the International Olympiads.

Ethereum developers have also concentrated on its legitimacy, and set up the Enterprise Ethereum Alliance or EEA, to make connections and assist global organizations such as Accenture, Intel, Microsoft, and so on in the use of blockchain technology.

As a matter of fact, a major reason why the price of Ethereum has soared so high is that the big players in EEA placing their trust in the technology and continuing with projects on the blockchain. So to answer the question “Is it too late to invest in Ethereum?” no, it most certainly is not. It is still very much a viable and recommended option for making any long-term investments.

Questions And Answers

The price of ethereum changes every second. You can check the ETH-BTC price here or the ETH-USD price here.

In most countries, cryptocurrencies are legal. There are quite a few shops where you can buy stuff with cryptocurrencies, like Ethereum

Selling Ethereum is as simple as buying. You just send your coins to an exchange that accepts fiat currency. Example: Kraken or Coinbase

Both are cryptocurrencies, but both serve a different purpose. Ethereum is faster and cheaper.

You have to calculate this for yourself. It also depends on how expensive electricity is, in your country.

Can I Buy Ethereum In My Country?

Just like with any other cryptocurrency, you can buy Etherum from online exchanges. Given the immense popularity of Ethereum, you can buy it in bitcoin as well as fiat currency. A few of the most recommended online exchanges to try are Coinbase, Bitstamp, Gemini, and Kraken.

Any online exchange with a significant reputation will require you to verify your account prior to purchasing Ethereum. The verification process involves uploading your personal ID from the government and going through the KYC process. All in all, the verification process takes a few days, going by how busy the exchange is.

Cryptocurrencies are only banned in a few countries, so there is a high chance that your country has no problem with this. The list of countries that accept cryptocurrencies changes on a daily basis. That’s why we can’t post a list here.

Upon verification, you can deposit fiat currency to your account and receive ETH. You can also buy ETH using Bitcoin.

It is important that you do not store any cryptocurrency in an online exchange for longer than necessary. Even with an updated system, the threat of hacking is constant and not to be undermined.

It is best to transfer your ETH into your own digital wallet just as soon as you receive it. That also means keeping your password and private key secure. Else, you might encounter problems with transferring ETH later on.

You would also do well to open an account with a highly recommended cryptocurrency broker such as Plus500 that counts deals with many of the world’s leading cryptocurrencies.

Should I Invest In Ethereum?

Ether works as a commodity which in turn works as a token of exchange to run the Ethereum Virtual Machine or EVM. The EVM is what enables smart contracts to be used and computers to work on blockchains.

For all intents and purposes, Ethereum is a new and improved platform, allowing its developers to build on the blockchain technology, especially with big names like Microsoft and JPMorgan using it in ongoing projects. If all does go according to plan, we may just see a new king on the Cryptocurrency front.

Here Are More Resources About Ethereum

iqoption scam

IQ Option Scam

Is IQ Option a scam or is it a legit company?

This broker is mostly recognized for its involvement in binary options trades. However, it has since been through some diversification, especially in the past few years. It is also involved in forex, CFDs, Cryptocurrencies, and ETFs.

Daniel Major

There are a few scams out there, but IQ Option is one of the legit ones. IQ Option is not a scam.

Is IQ Option a Scam?

IQ Option is definitely not a scam broker. And here is why:

  1. CYSEC Regulation: The broker has been licensed and regulated under CySEC since 2014 which makes it possible to extend its services to just about any Europe based economy.
  2. Other Licenses: This broker is also registered with other well-known agencies such as the FCA (UK), Consob (Italy), BaFIN (Germany), and Regafi (France).
  3. Repuation: IQ Option has a stellar reputation in the community
  4. Withdrawals: There are no reports about withdrawal difficulties or similar problems

The main attraction for traders who choose to trade with IQ Option is arguably the accessibility and ideal trading conditions that it affords.

Aside from requiring very minimal deposits to operate their binary options accounts, they also offer attractive spreads for both CFD and forex products. All of this has contributed to a rapid rate of expansion in its user base – from just under a million in 2014 to over 14 million by 2016. So indeed, diversity in the online trading industry is good.

IQ Option Trading Platform

Unusually, however, when it comes to their trading platform, IQ Option have not opted for MT4 which has been a staple choice for most of its competitors. Instead, their platform has been developed totally in-house. It works surprisingly well, although it could use a little more detail in its charting and analysis options.

The rest of it, however, is absolutely sublime. The interface is a joy to use and can be downloaded as well as accessed on the web. Note that the downloaded version is very much the same as the web-based version, carrying the same benefits and faults.

The charts, although a bit lacking, are still far from being the worst. You can view up to 9 of them simultaneously and they are not at all daunting to look at.

If you happen to be new to online trading and need some assistance to find your way around it, the interface has quite a few tutorial videos you refer to which contain many different methods of analysis and helpful tips regarding the mechanics of the platform.

However, traders should also be aware that when it comes to cryptocurrency vertical, most of the ‘classic’ technical analysis methods will not be effective, since this type of assets have a unique way of evolving its value.

What Our Readers Asked

No, IQ Option is not a scam. In fact, IQ is one of the best all-round brokers.

Every form of trading is risky. If you make bad trades, you can lose money. However I have never heard of traders having problems with withdrawals.

IQ Option has the lowest minimum deposit in the industry. You only need to deposit $10 to get started.

Trading Options

IQ Options has been consistently keen on incorporating new classes of assets. Its portfolio contains the 4 major classes – forex, equities, commodities, and indices. There are also several currency pairs to trade here including some really exotic ones like SEK, TRY, and NOK.

Recently, IQ Option expanded into the cryptocurrency market and now offers CFD trading for up to 7 prominent cryptocurrencies including Bitcoin.

IQ Option Demo Account

The demo account offered by IQ Options is among the best you can find at any broker. There is no deposit required and its balance can be replenished up to $1000 with no time restraints.

It can also be operated simultaneously with a real account unlike with some brokers, where you can only use one or the other. The major benefit of this is that traders can experiment with new strategies and retrieve valuable information without risking their actual funds. It certainly has scored IQ Options plenty of popularity points over the years, particularly among novice traders. And this speaks volumes about its overall capabilities as a broker.

Customer Support

There is a vast array of regional telephone numbers by which you can contact IQ Options’ customer support staff. Even the CEO and CAO of the brokerage are reachable via email. The standard email address for IQ Options is support@iqoption.com. Its headquarters are located at the Yiannis Nicolaides Business Center, Agiou Athanasiou Avenue 33, 4102, Agios Athanasios, Limassol, Cyprus.

IQ Option is a Legit Trading Platform

If your focus as a trader is on Forex and Cryptocurrency CFDs, IQ Options is likely to be your best bet.The company is legit and it is regulated by CYSEC.

While there are still mass technicalities that cannot all be covered in a single review, what we know for now is that it certainly has not deterred traders from signing up. Since its inception, IQ Options has seen some of the most exponential expansion rates of any broker. It is certainly deserving of its high reputation in the online trading community.

Cryptocurrency Events

With the growth of the cryptocurrency industry , more and more events and conferences are being organized. There are many opportunities waiting for you. You have the chance to meet CEOs, venture capitalists, entrepreneurs and other important personalities in person. Don’t miss out the chance to build long lasting business relationships.

European Blockchain Investment Congress
Event date: February 28 – March 2
Place: Vienna, Austria


Description: Over 2500 participants, 100 investor, 70 top speakers and 50 ICO projects.

GO TO EVENT PAGE

Blockchain Conference Moscow
Event date: November 20, 2018
Place: InterContinental, Tverskaya St., 22, Moscow, Russia


Description: Legislation, oil business, blockchain analytics discussed at Blockchain Conference Moscow. It will fall into two sessions to provide every participant with a possibility to focus on information that interests him or her – Fintech Hall and Blockchain Hall. Plus an exhibition area will be organized for mining hardware, blockchain-based software and apps, and related goods and services. PLUS! Until November 9, you can buy two tickets and pay only for one! All you need is to visit the registration page.

GO TO EVENT PAGE

Blockchain Economy
Event date: February 20, 2019
Place: Haliç Congress Center, Istanbul, Turkey


Description: The new year starts off with one of the biggest crypto events in Istanbul. With over 5000 attendees and over 10.000 watching live, this event looks very promissing.

You will be able to see these awesome speakers there: Tom Lee, Roy Liu and Vit Jedlicka in addition to many others.

GO TO EVENT PAGE

Malta Blockchain Summit
Event date: November 1-2, 2018
Place: Malta, InterContinental (St George’s Bay, St Julians)


Description: With over 300 sponsors, 100+ speakers and 5000+ delegated, Malta Blockchain Summit is one of the biggest of its kind in Europe. THe fields covered include: cryptocurrencies, blockchain for dev, fintech, regulation, affiliation and much more.

Prominent speakers: Christopher Obereder and Miko Matsumura (Evercoin Founder), just to name a few.

*** Registration Fee: free ***

GO TO EVENT PAGE

NEXTBLOCK CONFERENCE
Event date: September 14, 2018
Place: NDK Sofia, Bulgaria


Description: NEXT BLOCK is one of the hottest blockchain related events in Bulgaria. With over 400 attendees, 25+ Top Speakers and an exclusive after party, it’s also one of the most important events in Eastern Europe. The event will be streamed online as well.

GO TO EVENT PAGE

CryptoBBQ
Event date: August 23, 2018
Place: Moscow, Berezy Park


Description: CryptoBBQ is the first outdoor-crypto conference. The CryptoEvent team organizes this fantastic and unique event in the Berezy Park, Moscow.

Get 15% discount for ANY type of tickets with the promo code howwetrade15.

GO TO EVENT PAGE

BlockOn Conference
Event date: 29th July 2018
Place: Arcapita, Manama, Bahrain


Description: The conference includes panels, fireside chats, keynotes and demos. Meet developers, bankers, blockchain operators and much more.

GO TO EVENT PAGE

World Blockchain Congress Bahrain 2018
Event date: July 29, 2018 — July 30, 2018
Place: Manama, Bahrain


Description: Learn how blockchain technology could impact your business. Seize opportunity and reap the benefits.

GO TO EVENT PAGE

Futuretech EXPO
Event date: September 14, 2018 — September 16, 2018
Place: Dallas, USA


Description: FutureTech is one of the biggest cryptocurrency events in the USA.

GO TO EVENT PAGE

Coinvention
Event date: August 30, 2018 — August 31, 2018
Place: Philadelphia, USA (Loews Hotel)


Description: Over 700 attendees and 25+ Exhibitor Booths. Early bird tickets start from $200

GO TO EVENT PAGE

Are you a professional conference organiser? Get your conference listed here by contacting us.
Add our logo to your website (logo for dark background or logo for light background)

plus500 bitcoin

Trade Bitcoin on Plus500

Everybody has the possibility to trade bitcoin on Plus500.

Plus500 is most of the most trusted brokers to offer bitcoin and other cryptocurrency trading.

Not only does Plus500 offer Bitcoin but they also have:

  • Ethereum
  • Bitcoin Cash
  • Ethereum/Bitcoin pairs
  • Litecoin
  • Neo
  • Ripple
  • Iota

If you are interested in trading bitcoin on Plus500, then you have to make a minimum deposit of $100. You can start trading cryptocurrencies with a leverage.

One advantage of the cryptocurrency market is, that it is open all the time which means you can trade it 24/7, whenever you want excluding Sundays at 13:00-14:00 UTC.

What is Plus500

Plus500 is a broker that specializes in CFD trading. Plus500CY Ltd authorized & regulated by CySEC (#250/14) (You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website). It is one of our top rated brokers. Unfortunately, however, its services are off limits to US traders.

You do not own or have any rights to the underlying assets. Please refer to the Disclosure documents available on the website.

Types of accounts – Trade Bitcoin on Plus500

With Plus500, you have a choice of two accounts, a live account and a demo account.

The former requires a minimum initial deposit of $100 to be activated and leverage for forex traders is available.

Naturally, this represents a considerable level of risk that only certain types of traders are advised to play with. You can trade bitcoin with any type of account.

Trading Software

The Plus500 online trading platform manages to be both comprehensive and user-friendly. On top of that, it also offers valuable technical analysis software.

A trader can trade in multiple markets on the same screen and access price quotes of products in real time. Also, the trading platform is available in 4 different versions; one which can be downloaded, one which is web-based, one which allows a trader access from a foreign computer, and an app version for Windows, Android, and iOS.

With Plus500, you can trade CFDs, currencies, cryptocurrencies (bitcoin etc), stocks, commodities, ETFs, and indexes.

Deposits and Withdrawals

You can fund your Plus500 account with a Visa or MasterCard credit card, bank wire transfer, or MoneyBookers. Of these, the credit card is the fastest method.

In the case of bank wires transfers, it should be noted that the minimum amount you can deposit is $100.

Customer Support

Customer support from Plus500 is available 24/7 in multiple languages via email and online chat. However, no telephone number is provided, which can become a problem if you do not have an internet connection or your computer crashes.

Plus500 Conclusion

As you can see plus500 is a great broker, if you want to trade bitcoin.
For traders outside the United States, Plus500 is among the most reputed brokers in the business thanks to a variety of assets available for trading and an easy-to-use platform that supports different trading styles.


Can I buy Bitcoin on Plus500 with credit card?
Plus500 only offers bitcoin trading. You can’t buy actual coins that you can withdraw later.

Can I trade cryptocurrencies on my smartphone?
Yes, plus500 offers quality trading apps for Android and iOS. This means that you can trade cryptocurrencies and all other assets on your smartphone.

OPEN FREE ACCOUNT

CFD Service. 80.6% lose money

bitcoin wallet

3 Things You Need to Learn Before Creating a Bitcoin Wallet

So you’ve decided that it’s time to open your first bitcoin wallet? Good choice. Cryptocurrency is the future and you’re an early investor at this point.

Without the numerous Bitcoin wallets that offer varying levels of security, convenience and opportunities to holders, Bitcoin and indeed cryptocurrency in general, would not be as big as it is.

On a basic level, Bitcoin is a currency like any other, with the only difference being that it’s digital and decentralized, unlike ordinary currencies.

Nonetheless, Bitcoin, which raked in revenues of more than $2 billion in 2016, needs to be stored just like other currencies to ensure safety and ease of transactions primarily. However do you know how to open a bitcoin wallet?

We believe that you found your way here not to read about the importance of Bitcoin wallets, but their intricacies. If you are in e-commerce or just an enthusiastic developer looking to create your own Bitcoin wallet, here are three things you need to know before anything.

Different Types of Wallets

Before going any further, we have to make it clear that a Bitcoin Wallet is not the same thing as a Bitcoin Exchange even if the two may be used together.

Basically, a Bitcoin Exchange is an app or website that allows Bitcoin holders to exchange their crypto for fiat or paper currency.

On the other hand, a Bitcoin wallet is a software that helps you “store” your crypto and make Bitcoin transactions.

Well, technically Bitcoin can’t be stored as it’s not tangible so in this case, wallets store both the public and private keys that you use to send and receive BTC and help you connect to the Blockchain when you need to make a transaction.

That said, the point here is that when setting out to create one, you need to be aware that all wallets are not made equal – just like you have real leather and faux leather wallets for paper money. There are five different types of wallets that you can create, namely:

  • Mobile Wallet – Usually in the form of a mobile app that allows you to make instant purchases using your smartphone. Features include safe storage for your keys both private and public, QR code scanning and fast transactions.
  • Desktop Wallet – Typically computer     software that enables you to, among other things, store your private     keys in cold storage, away from the Internet or third-party servers.
  • Web     Wallet – Depends in varying degrees on the Internet to function. On the brighter side, they allow multiple transactions, can be linked to Exchanges and allow you to log in from different devices and locations. However, private     keys are stored on the web in third-party servers.
  • Hardware Wallet – A dedicated device that securely stores user information and private keys in an internal microchip in encrypted form, making it very difficult for     unauthorized access. It’s considered the most secure type of     wallet.
  • Paper Wallet – A piece of paper, generally printed by the user, containing both the private and public keys in the form of QR codes.

Each of the above wallets requires its own level of security and functionality features and as a developer, knowing the differences between them is an excellent first step.

Security is Key

Whether you are building a wallet for commercial purposes or your personal use, security is one thing you don’t want to compromise.

It is what people look at when choosing wallets to use, and in the absence of a regulatory authority, your wallet needs to be very secure to even be among the options.

As mentioned above, you need to have a safe, secure and convenient way to store private keys whether online or in cold storage.

Standard practice to this effect is Two-Factor Authentication (2FA) which requires the user to use both their wallet password and a One Time Password (OTP) which can be sent through email, SMS or Google Authenticator.

Another way to secure user funds is by backing up their wallet data, including private keys (in encrypted format) in a secure server. This makes for easy recovery in case of primary server crash on your part and human error on the user’s part. You can also encrypt user data in such a way that only them, through their private keys can access wallet data. Depending on the encryption software you use, every user gets a password to use when sending Bitcoin from their wallet.

If any unauthorized person gains access to their wallet, they won’t be able to transfer or use any funds inside unless they somehow get access to the secret passcode. Again, security is the key to success of your wallet. If you get it right, everything will be alright, and the reverse is unfortunately also true.

It’ll Cost You!

Note that we are not talking about the obvious sleepless nights when trying to find a secure API or Source Code to use. We merely mean that building a Bitcoin wallet will cost you money, real and big money.

Therefore, you need to be fully prepared not only mentally but also financially as well. To put it into context, the average cost of creating an ordinary mobile app for just one OS is around $10-$15k depending on graphics and specifications.

When it comes to Bitcoin wallets, you may want yours to be compatible with several platforms, especially if you are in business.

Add the cost of paying a decent app/software development agency for an additional 200 hours or so to create a multi-platform wallet to the common expenses such as front-end development, web integration, secure hosting and SSL encryption for your web site and the costs can easily run up to $100,000 plus.

Nonetheless, the cost of creating your wallet will depend on the projected user numbers, features included and what type of wallet it is relative to the 5 categories mentioned in point 1 above.

The development team you hire for the job may also be cheaper or expensive depending on their skill and experience levels and your specifications. Ultimately, the costs are still manageable but still run up to a tens of thousands of dollars.

Thus, it makes more sense to develop a custom Bitcoin wallet for business use as opposed to one for personal fun but hey, it’s all in your hands.

While it may make sense to you in the heat of the moment, we strongly advise against going for dirt-cheap developers and features as it may negatively impact the security and consequently, the reliability of your wallet. Go for quality instead.

Final Thoughts

We may not have covered everything about Bitcoin wallets in this article, but we believe that we have comprehensively touched on the three most important things to know before creating a wallet. It may be time-consuming and expensive, but that’s nothing to hold you back if you are committed to the course.

Drop a comment below if you liked the post or a question if you need something explained in detail.

revolut cryptocurrencies

Buy Cryptocurrencies on Revolut

You can now buy bitcoin, ethereum and other cryptocurrencies on Revolut.

But what’s the catch?

What Is Revolut?

Revolut was launched in July 2015 and it’s already one of the most known alternatives to online banking.

Their headquarters are in London, UK and as of the writing of this article they have over 2 million users (June, 2018).

Revolut offers following services:

  • Prepaid Debit Card
  • Currency Exchange
  • Crypto Exchange
  • Peer To Peer Payments
  • Global Money Transfers

Revolut is absolutely free to use as they don’t charge any fees for most of their services.

Can I Buy Cryprocurrencies on Revolut.com?

Revolut recently added cryptocurrencies to their platforms. You can buy cryptocurrencies like bitcoin, ethereum, litecoin, bitcoincash and ripple directly from the app. Their crypto offering is quite limited because only these 5 cryptocurrencies are available at the moment.

What’s even worse is that you cannot withdraw any cryptocurrency from Revolut. You can only buy, sell or transfer it to other revolut users. This makes Revolut a bad platform is you are interested in cryptocurrencies only.

However they do offer real time rates and you can track the performances of your cryptocurrencies. You can even set price alerts to get notified when a certain cryptocurrency reaches your desired price.

Alternatives To Revolut.com

revolut-appIf you want to get started with cryptocurrencies then we recommend picking one of the top rated bitcoin brokers here. The all offer a bigger number of cryptocurrencies. Or if you are interested in crypto trading then sign up with Binance (here is our binance review).

Should I Buy Bitcoin On Revolut?

Honestly you can’t really do much with the crypto you buy on Revolut. You can’t spend it, you can’t trade it. All you can do is to hold it and hope that its value goes up, or send it to somebody else.

Think about what your goals are when buying cryptocurrency and then decide if buying it from Revolut is the best choice.

bitcoin real estate

How To Use Bitcoin For Real Estate Transactions

Despite the risks associated with cryptocurrencies, which refer to hyper-volatility, hacking resulting in substantial losses and no downside protection, among others, more and more entrepreneurs are trying to exploit digital currencies by incorporating them into real estate transactions.

Whether we are talking about trading, investing, renting or buying, the truth is that this idea comes with perquisites as well including cost reduction, privacy, particularly for those who intend to purchase property, easier international transactions and tax avoidance.

Of course, we cannot forget the most obvious benefit of all – using Bitcoin in real estate transactions captivates the attention of the press – probably this explains how a Bitcoin enthusiast managed to sell his property in 2017 through a non-so-typical real estate transaction based on cryptocurrency.

Since the moment it made its appearance, Bitcoin undoubtedly enjoyed great popularity, which also led to a considerable rise in value, but will it offer stability? Can you use it in DST Real Estate Investments & 1031 Exchange?

Find someone willing to accept Bitcoin as payment

Taking into account that real estate professionals have no intention of giving up on cryptocurrency, some states even started working towards changing their laws in order to give them the permission to finance real estate transactions with Bitcoin.

Consequently, the industry does not miss a single opportunity to make use of this popular digital currency in various ways. For instance, those who intend to purchase properties have the possibility to resort to Bitcoin for the payment. In this case, sellers have two options: accept the Bitcoin in his current form or turn it into cash – the traditional currency.

However, the following question inevitably arises: how do you actually conduct a cryptocurrency real estate transaction? Well, even though cryptocurrency gradually became a common topic of conversation in various industries, not just real estate, not everyone is willing to accept it as a payment method.

For this reason, those who want to buy a house with Bitcoin need to find someone willing to accept the exchange to begin with or at least agree on converting it into money, which represents an additional step to the process.

Converting the Bitcoin to real cash might require additional steps

The only inconvenient is that converting the Bitcoin not only takes more time, but it also requires a specific fee.

Furthermore, when it comes to house mortgages, although opting for Bitcoin is more than possible, it makes the buying process more complicate because home sellers might agree on a Bitcoin offer, but lenders might not share the same enthusiasm for this popular digital currency.

Apart from these minor details, the process is not very different from a cash sale.

However, documenting the conversion is crucial because mortgage lenders must determine where the cash deposits come from to rule out any potential illegal activity. In some cases, the buyer has to sign a declaration, which states the source of the money because it eliminates the possibility of a debt. In conclusion, including Bitcoin in real estate transactions is possible, but it comes with additional precautionary measures.

predict bitcoin crash

How To Predict A Bitcoin Crash

For years, hedge funds and institutional investors have been using sophisticated algorithms to identify price patterns and trade ideas in the securities markets, and perhaps today they’re doing the same for cryptocurrencies.

All the while, the everyday retail investor has largely been left behind.

But that’s changing by the day. Companies are starting to roll out retail-friendly A.I. tools to identify patterns and generate trade ideas. A company in California called Tickeron has a “Pattern Search Engine” tool that does just that, and on January 17, 2018 it’s A.I. confirmed a “Broadening Bottom Pattern” for Bitcoin with dire predictions for its price. Given Bitcoin’s powerful rise over the previous year, it was a undoubtedly a bold and difficult-to-believe claim:

Tickeron’s Artificial Intelligence was predicting a -40.53% crash.

At the time of the prediction, Bitcoin (BTC.X) was trading at a little over $11,000, but according to the AI’s forecast it believed with 88.78% confidence that the price was set to plunge below $6,000.

What happened next is astonishing:

  • BTC.X ‘breakout price’ set by AI on January 17: $11,491 (reached on January 18)
  • BTC.X price on February 5: $6,914

On a price basis, that marks a 39% decline, meaning the AI’s forecast was remarkably close to being on target. To note, the AI never makes any predictions with certainty, but calling for this Bitcoin crash is a significant indicator of the AI’s potential.

Here’s how the prediction was displayed at the time of inception. You can see the breakout price, target price, and an image of the “Broadening Bottom Pattern” in the chart:

For investors who are new to pattern trading, a Broadening Bottom pattern forms when a security’s price progressively makes higher highs (2 and 4 in the Bitcoin chart) and lower lows (1, 3, 5), creating two widening trend lines. The price is expected to move up or down past the pattern depending on which line is broken first — in this case, the lower boundary.

For investors who are subscribed to Tickeron’s AI-powered Pattern Search Engine and received an alert of this Broadening Bottom pattern for Bitcoin, there could have been a few trading options. One option might have been to sell Bitcoin and buy it back at a lower price — assuming the trader believed the declines would be significant but also temporary. Another possibility would have been to purchase a put option on Bitcoin at the time of the AI’s prediction, when the price was still high.

Adding A.I. as a Tool in Your Investment Toolbox

One of the only certainties of investing in stocks, bonds, forex, cryptocurrency, or any other type of security is that there is no certainty when it comes to future price movements. Making an investment decision about a trade or a strategy can involve all the data and research in the world, but there still remains an element of chance, and ultimately, luck.

But that does not mean it’s a waste of time to perform diligent research and homework, and to use all of the tools at your disposal in an effort to make informed, smart decisions. More data generally leads to greater conviction, which can also also lead to a higher probability of success.

That’s where Artificial Intelligence comes in.

It is a very new tool that until now has not been available on a broad basis to retail investors. The A.I. mentioned in this article can be found on Tickeron.com, and it offers investors a free trial. Tickeron’s idea is to provide retail investors with technology and tools to enable trading with massive amounts of data and analysis.

The end result is arming retail investors with a high-powered, virtual research assistant: Tickeron’s Artificial Intelligence. Readers can check out the free trial here: Pattern Search Engine

To note: the information in this post does not constitute investment advice, and Tickeron has no recommendation for Bitcoin or any other cryptocurrency. Investing in cryptocurrencies involves risk of total loss.

 

passive order

How Do Commission Free Bitcoin Exchanges Make Money?

In the early days of Bitcoin, there were very few exchanges available to buy and sell cryptocurrency. Mt. Gox was one of the first to take over the market, handing over 70% of all bitcoin transactions worldwide from 2013 – 2014.

Then, after years of hacks, controversy, and not to mention bankruptcy, the market was rife for new exchanges and digital wallets to take dominance.

After Mt. Gox, Coinbase was an early successor that offered ease for users to buy and sell cryptocurrency. However, in 2017, the crypto market exploded to new heights.

Cryptocurrencies across the board raised in value, users wanted to buy more than just the four digital coins that Coinbase carried, and the fluctuating prices even forced Coinbase to halt trading briefly by the end of the year.

The media frenzy and market attention led to competing exchanges looking for fast ways to offer better deals. So, how did they do it?

Commission-Free… Just Don’t Read The Fine Print

In January 2018, an online brokerage startup Robinhood announced they would introduce commission-free cryptocurrency trading into the market via Robinhood Crypto.

The announcement came on the heels of customer demand, and Robinhood execs seeing the opportunity for cryptocurrency to be an entry point for other financial services. After all, Robinhood was created to make the stock market more accessible to groups afraid of the cost-barrier. Why wouldn’t they use the same strategy for cryptocurrency?

On the surface, the promise of no high commission fees and its adoption of quick access to BTC and ETH is appealing. Plus, it’s a drastic difference from Coinbase that charges 1.5 – 4% fees for transactions.

 

 

In fact, many top exchanges and platforms have a similar fee structure as Coinbase. Kraken, for example, offers lower transaction fees but is not beginner-friendly and makes up for those lower fees with higher deposit fees.

Digital money platforms where you can move money instantly, like Uphold or Abra, charge lower fees overall and are transparent about how funds are reserved but don’t have the same “commission-free” lure of the newcomers.

However, there’s almost no transparency of how Robinhood Crypto, or any commission-free exchange, is making up for the loss: with hidden fees.

Robinhood Crypto’s revenue structure works in three different ways:

  1. Interest on funds in users’ accounts
  2. Paid subscription service for higher borrowing amounts
  3. Adding 1 – 5% to the value of cryptocurrency during trading

So, “commission-free” actually means that the revenue is distributed in other ways that users can’t always see. What’s more, an exchange like Robinhood Crypto encourages you to borrow money in order to fund your wallet.

This is just one example. Robinhood Crypto isn’t the only exchange using a misleading marketing promise in order to meet customer demand. Circle Invest also promises no fees, but uses a similar “exchange-spread” strategy to add an additional fee to the real cryptocurrency value during trading.

In other words, Circle Invest offers an unfavorable quoted price compared to the actual price of BTC at the time of exchange. As an article from 99Bitcoins revealed:

“When you buy [b]itcoins with Circle you won’t pay a fee but it seems that [on] Circle $500 doesn’t come up as $500 worth of [b]itcoins. It seems that Circle doesn’t guarantee the exchange rate at the time of placing the order (unlike [exchanges with fees]). This can cause a difference in how much you pay.”

This was before December 2016, when Circle removed the ability to buy and sell bitcoin on its platform. The same strategy though applies as its moved it’s cryptocurrency market over to Circle Invest, Circle’s latest cryptocurrency mobile app. For example, the value of Ethereum may be a price of $500 across exchanges. However, on a “comission-free” exchange you would be charged $505 to buy or $495 to sell. Why? So the exchange can make up the difference.

Other exchanges and digital money platforms have started to pay attention, as they stick to traditional structures of upfront fees and guarantee the value of cryptocurrency at the time you buy it.

When you buy a cryptocurrency on Circle Invest, you’re not actually buying it at the value it’s currently trading at—there is a hidden fee built into your transaction, so you’re paying more for that cryptocurrency. So, from the customer’s perspective, you may think it’s a free platform, but it’s really not.

Buy Bitcoin Now, Transfer Never

Still, consumers are drawn to these new, exciting exchanges for more than just the “zero fee” sticker on the front page of their website. The ease of buying, especially with exchanges that have integrated apps like both Circle and Cash by Square, has challenged the industry to grow beyond one central exchange platform.

However, what some of these exchanges and digital wallet apps don’t explain, is that you can’t really do anything with your cryptocurrency beyond buying and selling within the app.

Which means, you can’t use your bitcoin as currency. There’s no function to take your bitcoin out of the app, or on the other hand bring cryptocurrency into it.

These exchanges, simply, treat cryptocurrency as an investment opportunity with no flexibility. You can’t use the money for transactional purposes. You can’t send someone else bitcoin, or pay for a purchase with bitcoin. Right now, all you can do is hold that bitcoin.

Which, in that case, do you even own it?

Transparent and Reliable Exchanges Exist

There are over 190 cryptocurrency exchanges to choose from, and with so much competition it’s no surprise that companies are doing everything they can to attract customers.

The fact is Coinbase isn’t the only option—nor should it be the only option. There are a few key features of a reliable exchange that can make sure you protect your funds and have a good relationship with the platform:

  • Transparent policies and fees
  • Strong reputation
  • Security
  • High volume
  • High price accuracy

Of the listed exchanges, the most reliable exchanges or wallets offer a diverse mix of traditional and cryptocurrencies. While many come with fees there are alternative options that have fees that are notably lower and are transparent about the exact costs of transactions. That level of transparency goes a long way for consumers, especially when so many of these other digital wallets leverage insidious hidden fees.

As consumers, it’s critical to do some homework, look at fee structures, weigh the available cryptocurrencies and ultimately decide which exchange offers the most practical value. The key to remember is that if an offer sounds too good to be true, it just might be.

bitcoin

Cryptocurrency And Blockchain For Business

Some say it is the future of digital transactions. Some just got scared of it, considering it as Water Bubble. Others named it “Magic Internet Of Money.”

What is exactly cryptocurrency? Why it’s taking the world by storm?

One out of five people knows cryptocurrency come up a side product of another invention. Developers of Bitcoin claimed that they came up with this cryptocurrency as Satoshi Nakamoto.

Satoshi  announced Bitcoin in  2008, said that bitcoin is “Electronic money transaction between peer to peer network.” The primary goal is to invent digital currency without the intervention of the third party with a high-security transaction between peer networks.

Cryptocurrency is medium of exchange currency in digitally, here virtual currency completely control under government or any central authority, but cryptocurrency entirely there own thing which means we no need to go the bank to translation or process.

Satoshi tried to build a digital cash system without a central entity. Like a  Peer-to-Peer network for file sharing. A blockchain is a public ledger of all transactions that ever occurred in Bitcoin peer to peer network. It’s completely decentralized with no server or central authority.

Then what is Bitcoin?

Bitcoin is first centralized digital currency, which has become incredibly famous among the rich and famous as well as those involved in the finance industry today.

Bitcoin relies on something called “the blockchain.” A simple way to understand. Bitcoin is a technology, its store’s data in a network of personal-systems called nodes. In blockchain technology, there is no decentralized system like a government or bank handling it. In blockchain technology systems are distributed with a chain or node of networks, which means all Computer network stores the same information.

How does Bitcoin work?

In nutshell bitcoins designed as a virtual coin, transactions made self-contained

In nature. Which means we need not go banks for monetary transactions.

Once you have bitcoins in your pocket, they act the role as some gold nuggets in your pocket. With bitcoins, you can do all kind of transactions to buy anything over online, or you can store them for future, which may eventually increase its value over the years. Bitcoin transactions made one personal wallet to other ones.

Here wallet means you can use the wallet as a small database which we can store in a personal computer drive, or your mobile phone, tablet or somewhere in the cloud.

The basics for a new user

If you are a new user, you can use bitcoin without knowing the technical details of bitcoin. Once you have registered a Bitcoin wallet on our mobile phone or computer. It will automatically create your bitcoin address after that you can also create multiple addresses whenever we need one.

Here we can share your addresses with your partners or friends. So that they can pay you or vice versa.

Actually virtual currency ( Bitcoin) works similar to how email works, except we can use bitcoin address must be used once only.

Features that will help your business grow:

1) Fast transactions

Today’s competitive world, everyone wishes to transfer their monetary transaction faster and quicker. But bank to bank transactions between nations is. It takes up to 5 business days to complete.

Small businesses and startups that cherish KPIs more than anything cannot wait that long. To overcome this delay in transactions, Cryptocurrency features were adopted by many innovative business groups.

2) Fraud-proof

When transaction made through cryptocurrency, all activated transactions are stored in a public ledger. All transactions are encrypted to ensure the authority of record keeping. Because the currency is no central authority, you own it. Either government nor bank has any control over it.

3) Lesser fees

While it is true that the elimination of a third party involved in the settlement, the money that the participants had to shell out for them would no longer be required. But at the same time, there would be a need to pay the fees of an online platform which would make bitcoin transactions work together. Albeit with much lesser prices than charged by intermediaries.

4) Accessibility

Did you know that today one in 3 Kenyans, can own a bitcoin wallet? Such individuals who can have access to smartphones and the internet, but do not have as much access to traditional cash, would be able to be involved in cryptocurrency.

5) Universal recognition

Being a digital currency, cryptocurrency doesn’t need to keep concerning any exchange rates, transaction charges or anything like that of other countries. This gives it a great appeal to make use of it on a universal level.

6) Quick Settlement

Cryptocurrency has any value because of Blockchain. Secured transactions with ease made cryptocurrency lead the market. All you need is a smart device, an internet connection, and instantly you become your bank making payments and money transfers.

7) International trade payments

The globalization process has removed the cross-border barriers for businesses. One can quickly sell or purchase anything from any part of the word. When it comes to payment process it is challenging, expensive, and time-consuming process with the traditional financial system. But cryptocurrency simplified this process. Using bitcoin one can transfer the payment within no time and at leas cost. Bitcoin encourages international trade through its hassle free and secure pattern.

So, thus although at its nascent stage, cryptocurrency sure shows many great opportunities and benefits for the future. From experts point of view, the features of cryptocurrency are not limited. As the research and developments are in progress, we can anticipate cryptocurrency provide us new features to grow business.

 

cex.io-review

CEX.io Review

Established back in 2013, CEX.IO initially operated as a cloud mining provider that was in charge of about 40% of the Bitcoin network at that time. However, since 2015, it has solely operated as a cryptocurrency exchange.

Broadly speaking, CEX.IO is a platform that allows users to buy/sell or trade Bitcoin, Bitcoin Cash, Ethereum, Ripple, Dash and many more popular cryptocurrencies in the easiest way possible. It is a plain and comprehensible platform having an increased focus on newcomers who wish to get the hang of cryptocurrency.

Options available on CEX.IO

There’s no rocket science here. Speaking of financial operations made available for its users, CEX.IO includes two basic options: Buy/sell and Trade. Let’s consider each of them a bit closer.

Buy/Sell

buy-bitcoin-cex-io

You may be wondering what’s the difference between trading and buying/selling. In general, there’s no difference. But, on CEX.IO, Buy/sell is a solution for people who don’t really need to engage in trading but only wish to buy a certain amount of cryptocurrency instantly and without any effort. See for yourself:

cex.io review

Under the hood of Buy/Sell, there’s a FOK (Fill-or-Kill) order system. Once you entered the amount of money you want to spend, the system freezes the rate of cryptocurrency for 2 minutes. In other words, it guarantees that you will buy THIS amount of crypto for THAT amount of money. On top of it, the total amount displayed includes all the fees of the platform so that you won’t receive any unexpected or hidden charges.

Cryptocurrency Trading on CEX.io

crypto trading

The Trade section, in its turn, includes three various trading options:

  • Limit. You specify the predicted rate at which you are ready to strike a bargain. In case it comes true, the order will be automatically executed, no matter if you are at work or sleeping. So, the limit order option is a risk-preventing mechanism for traders in a sense.
  • Market. This is all about traditional trading. All you need is to choose the amount of cryptocurrency to buy or sell, and press the “Place order” button. It will be executed based on the order book and at the best rate possible at the moment. For those who don’t want to count up the profitable rate, the average market price is inserted by default.
  • Margin trading. In a nutshell, this option allows users to enlarge their trading profits by means of borrowing money from the exchange. The hallmark of CEX.IO’s margin trading is that all operations are done within one account and money balance, whilst most of other exchanges require the users to make a separate margin trading account with funds in it.

Verification

Formerly, CEX.IO would let you deposit/withdraw $3,000 monthly without a need of verifying yourself. Now, the attention to cryptocurrency is much higher, so the regulating issue is more of a pressing point. You can read about it on their blog.

As to the process of verification, there’s nothing complicated about it. Going through CEX.IO’s official guide is enough to get the know-how.
Payment options

When it comes to deposits/withdrawals, you basically have two options:

  • Easy || Instant || Commision charged. CEX.IO made it possible by virtue of money transfers via Visa/Mastercard. First of all, you should link a bank card to your account. And once you’ve done this, funds can be transmitted literally in seconds. If you feel restless about your bank card data, it would be proper to mention that CEX.IO is PCI/DSS certified, which ensures the safety of card data processing. To conclude, the only disadvantage is the fact that a 3.5% + $0.25 deposit fee is imposed on this payment method. In terms of withdrawals, the fees will vary: $3.8 – for VISA, and $3.8 + 1.2% – for Mastercard.
  • No commissions, but longer execution. It is referred to as bank transfer. There’s nothing to add here. CEX.IO doesn’t charge commissions if you use it for deposits, but the transaction can stay pending for some time. As for bank withdrawals, commissions depend on the currency and the specific withdrawal opportunities available. You can always find the information on the fees in the Limits and Commissions section.

So, what is CEX.IO in summary? CEX.IO is a plain, trusted and easy-to-use cryptocurrency exchange, offering great functionality for regular customers who wish to unveil the cryptocurrency sphere with no hassle.