Author: Larry Newman

Binomo Review

Last Update: Larry Newman 2 Comments

Binomo is a major player on the financial market that provides a progressive and client-oriented set of services for trading on futures contracts.

The company was founded in 2014, and has actively developed into a major trading platform in just a few years, taking a leading position among other well-known companies on the futures market.

Today, the Binomo brand is recognized around the world. The Binomo company is registered in Cyprus, where its management office is located.

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The company has an FMRRC licence, which confirms that Binomo is a reliable broker that operates legally.

Every year Binomo is checked by this trustworthy financial regulator to ensure their quality of services and transparency of activities are in compliance with the certificate standards.

It is also worth noting that an FMRRC license provides the company’s clients with insurance of their funds in the regulator’s compensation fund.

Binomo Trading Accounts

You can sign up with Binomo in just a few minutes through a special form which can be opened on the main page of the company’s website in the upper right-hand corner.

When you open the form, you will need to enter some standard information, your email address and a password, and you’ll select your account currency and accept the terms of the client agreement.

After that, you will automatically be granted access to your personal account and to all the services of the company. In your personal account you can fill in information for your profile, your name, gender, and date of birth, and you’ll also confirm your email via a link sent to that address.

However, you don’t have to enter all your personal information right away. You can use the company’s services and the demo account as much as you want without any obligation to the company. Incidentally, the demo account automatically opens when you sign up.

In terms of choosing a trading account, Binomo offers several account options, depending on the amount you credit to the account: Demo, Standard, Gold, and VIP. Each type of account opens up different opportunities for the trader:

  • Demo – this is the training account that automatically opens when you sign up on the company’s site as a new user. It allows you to take advantage of absolutely all the services of the company, including participation in tournaments. This type of account allows you to conclude real trading transactions on the broker’s platform using virtual funds, which, in fact, never run out. The company only credits 1,000 EUR/USD, depending on the account currency, however after you use up this amount it can be reset, and you can do that an infinite number of times.
  • Standard – this is the basic type of trading account assigned upon crediting an amount of at least $10. This type of account allows you to conclude trades starting at $1, use the basic set of services, which is 20 trading assets (popular currency pairs and cryptocurrency), get maximum yields of 85% on trades, receive standard general technical support, and have unlimited withdrawals of funds within 3 business days.
  • GOLD – this type of trading account opens when you credit at least $500 to an account or it is assigned after your trading balance exceeds this figure. This type of account expands the arsenal of trading assets, trading profitability rises to 86%, and the time frame for withdrawals of profits is reduced to 24 hours. The gold account also offers a weekly cash back loss compensation service of up to 3%, contract insurance, and the amount of bonuses credited to the account is increased.
  • VIP – this is the highest level of account status on the Bimono site, and it is assigned to traders who credit at least $1,000 to an account. The VIP account opens up more opportunities for the trader in the form of a fixed yield of 87%, the full set of trading assets, transaction insurance, and 10% weekly cashback. Clients with a VIP account also get analytical Skype support, a personal manager, and profit withdrawals within 4 hours. This type of account is also assigned to anyone whose balance exceeds $1,000.

Deposit/Withdrawal of funds

For financial transactions involving account crediting and profit monetization, the company offers the most popular payment systems:

  • credit cards: MasterCard/Visa
  • electronic payment systems: Yandex.Money, Neteller, Qiwi, Alfa.wallet, WebMoney
  • cryptocurrency wallets: Bitcoin, Ethereum, Litecoin and Zach
  • mobile banking

All the client’s financial transactions are conducted in a secure area of the site. Money is credited to the trading account instantly and the withdrawal time depends on the type of the trading account. The minimum withdrawal amount is $10 and there is no additional commission.

It is also worth noting a mandatory condition for the withdrawal of profits – you must use the same payment method that was used to credit the account. Since the company doesn’t verify this, it is the only way to protect the client’s funds against unauthorized withdrawal by a third party.

Tournaments & Promotions

Regular promotions on the company’s site make it possible to get an additional bonuses or a certain number of free trades, to insure a few trading positions, or to get temporary access to VIP platform services and many other beneficial promotional offers.

Tournaments are also held regularly on the Bimono site. Even traders with only a demo account, i.e. those who have not yet made a deposit, can also take part in them.

In fact, the company holds all the tournaments on a separate tournament account which uses virtual funds for participation.

The prizes in these tournaments are real money, which means that any beginner can start earning on the company’s trading platform without even transferring any starting capital simply by earning their first deposit in a free competition.

However, there are also paid competitions which have entry fees for participation, and they differ only in the size of their prize funds.

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Security Measures on Binomo.com

When accessing the Binomo website it is important to ensure a secure connection for the protection of your personal information and financial transactions.

The website uses Cloudflare a trusted provider of performance and security services to maintain a safe environment.

You can verify the security of the connection by checking the Cloudflare Ray ID which is 8150b6987fc16243.

If you encounter any issues accessing the website it may be due to certain triggers such as specific words or phrases SQL commands or malformed data which can trigger the security service to block access.

To resolve the block and gain access to the website you can email the site owner with details of the activity and the Cloudflare Ray ID.

It is also recommended to enable JavaScript and cookies for a seamless browsing experience on Binomo.com.

binance review

Binance Review

Larry Newman 1 Comment
Binance is a fairly recent yet highly popular Chinese cryptocurrency exchange. Its main attractions include a significant amount of Initial Coin Offering listings as well as extremely low trading fees.

Binance.com Review – The Platform

Upon visiting the Binance exchange platform, you will immediately come across the two options offered to traders of cryptocurrencies – basic and advanced. This, however, is not to be confused as a matter of usability. Both versions are only recommended for traders with working knowledge of cryptocurrencies and how to trade them.

The best way to draw a distinction between the basic and advanced version of the Binance platform is by evaluating the level of technical analysis provided by each of them in the long run. Simply put, the advanced version goes more in-depth into analyzing the value of cryptocurrencies than the base version.

binance screenshot

If it all happens to suit you just fine and you get yourself registered with this exchange, the next logical step is to begin funding your account. For this, there is a multitude of different cryptocurrencies to choose from, but the most recommended happen to be BTC and ETH. Afterward, you can get into exchanging, investing, and trading numerous cryptocurrency pairs. The platform also allows you to generate and limit and market orders.

Unless you are entirely new to the world of cryptocurrencies, you will find trading them on Binance to be a fairly straightforward matter.

Binance Fees & Limitations

The fee rates charged by Binance are quite low and that only contributes to its appeal in the market. On average, the exchange gets 0.1% of a given trade. Meanwhile, if you trade using the Binance token, you will be paying at the discounted rate of 50%.

When it comes to withdrawals, the fees are variable, depending on which cryptocurrency is involved. Bitcoin, for example, comes with a 0.0005 fee rate while for Ethereum, the rate is 0.005.

On the subject of transfers, there are no limits regarding how many coins may be deposited. On the other hand, there is a limit on withdrawal amounts if there is no prior verification. Verifying your identity with Binance requires your full name, gender, country, and a photograph from either your passport or ID card.

We’ve checked several binance reviews online and most of them were also positive.

Security

In spite of its recent arrival, Binance has already gained huge popularity and trust among cryptocurrency traders, so you would expect that security measures are up-to-date and highly efficient. But as it turns out, not as much as we expected. For instance, access to information regarding secure funding is rather limited. But there is a two-factor authentication system and the platform does offer a multi-tier system architecture.

Customer Support

But while pretty much any cryptocurrency exchange has the capacity to be a well-oiled machine harboring an attractive array of trading tools and opportunities, it still has to present itself well to actual people. And that is where customer support is so important. With Binance, customer support is fairly responsive and helpful to traders.

However, it does lack a few important features that are standard for most other cryptocurrency exchanges. There is no telephone number to call or a live chat option on the website. What you can do is submit a support ticket through an online form on the platform to which a response will be communicated via email.

Conclusion

Binance is one of the fastest exchanges currently operating, capable of processing nearly one and a half million orders every second. What’s more, it is compatible with several different devices including Android, HTML5, web, and WeChat.

Binance is also accessible in different languages including Chinese, Japanese, Korean, and of course, English.

In summing up Binance, you will likely have mixed feelings about it. While it may not be the most user-friendly platform in the world, it certainly has one of the lowest fee rates and a highly competent customer support team. It also provides traders with a wealth of opportunities and trading tools.

But of course, you can never be too careful when dealing in cryptocurrencies, no matter how good a deal your exchange will be presenting. Always remember the basic steps such as using a unique password, activating 2-factor authentication, and not storing a large number of virtual funds on the exchange for very long.

How To Buy Neo

Last Update: Larry Newman Leave a comment

NEO is one of the most promising cryptocurrencies of this year.

What draws traders toward NEO appears to be its keenness to improve on the operations first started on the Ethereum platform.

You might say that NEO is to Ethereum what Litecoin is to Bitcoin. But before we arrive at that conclusion, let us find out a little more about NEO.

What is NEO?

The first thing to know about NEO is that it is a Chinese-based currency and was actually founded under a different name. Its blockchain entered Github in 2015, becoming China’s first ever public open source blockchain. It would arrive in the west the next year as Antshares.

As of today, NEO is still seen as China’s response to Ethereum. Both are users of smart contracts. However, NEO utilizes its innovative blockchain as a step from what the Ethereum network can offer right now. NEO is marketed as a sort of disseminated network for a smart economy. That involves digital assets, digital identification, and of course, smart contracts.

The NEO network rests on two tokens – NEO and neoGAS. The tokens have all been pre-mined and have a hard cap of 100 million. Their uses are for creating blocks, managing the network, and meeting consensus requirements. Meanwhile, the GAS token serves as fuel and a kind of security for the blockchain.

How to invest in NEO

As it turns out, purchasing NEO is not the most straightforward thing in the world. You would have to buy Bitcoin first before trading it for NEO. The issue with this method is that it takes up a considerable amount of time and also carries some risks, some of which are less apparent than others.

In order to trade successfully with NEO, you are going to have to step-up your security beforehand. Precautions, like enabling two-factor authentication, use of a power manager, and updating yourself with the most recent threats to cybersecurity are all very useful and necessary.

It will not be just hackers that you will be up against, but also corrupt or incompetent owners that may cause your investment to backfire. If you desire an example, look no further than the hacking incident involving the MtGox users in 2013, where a reported $500 million in Bitcoin was stolen during the attack.

Unfortunately, we are yet to see an end to these kinds of attacks even at present. Earlier this year, Bitfinex sustained a similar attack and lost a reported $72 million right out of user wallets. So naturally, anyone interested in purchasing NEO would prefer a safer method. Fortunately, there is! Thank goodness for brokers.

If you want to alleviate the risks involved with relying on an exchange, you could consider CFD trading with a licensed and regulated broker. Now, it is just a matter of choosing the right broker to trade with. The first step involves verifying whether your broker is regulated, and adheres to a rigid code of conduct that makes it a lot safer to trade with than with an unregulated broker.

Now that we are exploring regulated brokers, the decision-making starts to close in on the finer details of trading and that requires some pretty comprehensive reviewing. However, we have done just that, so that you don’t have to, and according to our research, the best broker you can trade with right now in order to acquire NEO is Plus500.

Plus500 Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Plus500CY Ltd is authorized & regulated by CySEC (#250/14).

Why Plus500? For starters, it submits to a great deal of regulation on an international level. That means that even in the unlikely event you encounter any problems with your broker, you could take them up with a regulator and resolve it.

Plus500’s fee structure is very competitive. Commissions are an absolute zero. For NEO CFDs, that is usually around 1.80% but may be subject to change. As a rate, however, it is very competitive.

Plus500 harbors among the most thorough toolkits for risk management you could find anywhere. There are also additional tools that are not available with other brokers.  The most useful of all is the trailing stop, which enables your stop position to rise with the market at your consent. As a result, you stand to increase your profit without the need to adjust your stop position manually. Even if the market heads downhill, you will remain safe. That is good news for your NEO and CFD trades.

Another reason why you should consider Plus500 is that it is one of those brokers that goes the extra mile to make its platform accessible to traders all over the world. The platform itself is user-friendly and is accessible in up to 31 languages. It has also been localized in up to 50 countries.

What’s more, the mobile app is exceedingly good as well, operating much the same way as it would on your desktop. This is allowing you to execute trades while on the move. While there may be other brokers to try out for those traders with specific trading needs, Plus500 takes the majority vote as the ideal broker for dealing in NEO CFD trades.

Conclusion

Cryptocurrencies have remained an intense subject ever since bitcoin, the first of its kind, arrived in the online trading scene back in 2009. Now, less than a decade later, there are hundreds of other cryptocurrencies that seek to rival it for the top spot. Many of the top players tend to emphasize on the unique features they contain that are not shared by bitcoin or any other cryptocurrency.

In the end, it is always important to know that NEO, like any cryptocurrency, is a highly volatile commodity. Even if you have chosen to buy it as a CFD, using a regulated broker, your capital is always at risk. If the market heads in the opposite direction of your interests, you could end up losing some or the entirety of your initial capital.

Trading NEO is ultimately like trading any other commodity, and as such, you should always take care never to trade more than you could afford to lose.

Binance Referral Code

Last Update: Larry Newman 2 Comments
Binance Referral IDBinance is the biggest cryptocurrency exchange at the moment. It even has it’s own coin called BNB (Binance Coin).

Binance is my favorite exchange, because it has most of the currencies I am interested in.

Why We Like Binance

  • has the most traders
  • can process 1,4 million orders per second
  • has a unique coin called BNB
  • has multi-language support
  • low fees if you use a referral ID

Use The Binance Referral ID Code: 11285553

When signing up with Binance, you can use a Binance Referral ID.

Binance Referral ID: 11285553. Sign Up with Binance.com

Why use this referral ID?

Traders, who use this referral ID will get a fee discount of 50% and a referral bonus of 40%.

Step-by-step Guide on How to Sign Up with Binance

Binance referral code

  • Step 3: Enter your email, password and enter the number 11285553 as Referral ID  (if it’s not auto-completed already)
  • Step 4: Click REGISTER and you’re done.

What is Binance Futures Referral Code?

Binance Futures referral code is a unique code that allows new users to receive benefits such as discounts, bonuses, and rewards when they sign up for Binance Futures through a referral link.

The best Binance Futures Referral Code is: 11285553.

How The Binance Referral Offer Works?

Binance Referral Offer is a program that rewards users for referring new users to the Binance cryptocurrency exchange platform. Here’s how it works:

  • You refer someone to Binance using your referral link or code.
  • They sign up and start trading.
  • You receive a commission on their trading fees.

The commission rate varies depending on your referral level and can go up to 40% of the trading fees paid by your referrals. To participate in the program, you need to have a Binance account and activate your referral link.

Here are some key features of the Binance Referral Offer:

  • There is no limit to how many people you can refer. (Unlimited referrals!)
  • Binance periodically offers special promotions where you can earn even higher commissions for a limited time. (Keep an eye out for these!)
  • The referral commission is paid in the same cryptocurrency that was traded. (For example, if your referral trades in Bitcoin, you will receive a commission in Bitcoin.)
  • The referral program is subject to certain terms and conditions, so it’s essential to read and understand them before participating.

Is Binance A Good Exchange?

The growth of Binance is crazy. The fact that they have to stop new registrations is even crazier. I’ve read somewhere that at one point they had up to 250.000 users sign up every hour. This is why their coin BNB tops new highs so often.

If you believe that Binance will continue like this, then it may be a good idea to get some of their coins.

Binance is an awesome cryptocurrency exchange. Here are the reasons why I love them:

  • Binance is safe and trustworthy.
  • They offer two factor authentication via Google Authenticator that you can download on your smartphone (recommended) or to your PC (Chrome).
  • There has been no scam reports or any scandals involving this exchange over the years
  • Binance is the preferred cryprocurrency exchange of most traders

We really recommend activating the two factor authentication to avoid getting your account hacked.

Binance continues to be the top choice of many traders including me, and I really think Binance will remain the #1 for a while. I really think Binance is even better than CoinBase and KuCoin.

Binance Trading Fee

The trading fee on Binance is 0.1%, however if you own Binance Coins, you can pay your fees with them. Binance offers a discount for traders using the BNB coin, so you will receive a 25% discount (compared to 0.1% with no Binance coins).

Here is how to do it: After registering, go to your account (top right corner > Click on the little Person icon)

bnb fees

Let me know in the comments, what you think about Binance.

Binance Referral Program

In October 2017, Binance launched the Binance Referral Program and it’s a great success. Traders can invite their friends to Binance and get a cut of their trading fees. This happens in real time.

Binance used to offer 50% referral bonus, but in January 2018 they changed it to 20%. Even with 20% it’s still a good deal.

Where To Find The Binance Referral Code

First of all you need a Binance account. Signing up is very easy. It takes less than a minute.

When signing up you may get this message:

Fellow Binancians,
Due to the overwhelming surge in popularity, Binance will have to temporarily disable new user registrations to allow for an infrastructure upgrade. We apologize for any inconvenience caused.
Thank you for your support!

If you see this, then try again later. Binance sometimes disables the registration form for a few hours, but it should be back later.

After you have signed up, log in to your account.

When you log in to Binance you should see a banner on top of the page that says: “Binance Referral Program. It pays to have friends”.

If you can’t find the banner then simply click this page: https://www.binance.com/invite.html.

binance referral id

As you see on the screenshot above on this page you will have your Binance Referral Code, the number of referred friends and the amount you have earned so far.

bitcoin simply explained

Best Cryptocurrency Exchanges

Last Update: Larry Newman Leave a comment
A cryptocurrency exchange refers to a website that allows you to trade, that is to purchase, sell, or exchange cryptocurrencies either for different cryptocurrencies or prominent fiat currencies like the American dollar or Euro.

Those traders who are particularly keen on trading professionally and have advanced trading tools at their disposal had best subscribe to reputed exchanges that requires national ID verification to open an account.

There are basically two types of exchanges: ones that require ID verification and the ones that don’t. The reason for this is that whenever there is fiat money (USD, EUR) involved, they have to check your identity. In order to get started with crypto trading, you will have to first deposit fiat money.

You can do this on exchanges like Coinbase and Kraken. While these exchanges aren’t the best for trading altcoins, you may want to move the newly purchased coins to another exchange that offers the altcoins you want to buy.

There is no exchange that offers both: fiat money deposit and withdrawals and high number of tradable altcoins (other coins than Bitcoin). This means that you will have to use at least two exchanges.

Let us now look into a few different types of exchanges that would be more suited to the specific needs of traders.

Types of Exchanges

  • Trading Platforms/Exchanges: Websites that match buyers with sellers and retain a commission from every transaction.
  • Brokers: These refer to online websites that you can visit to purchase cryptocurrencies at a price that is set by the broker.
  • Direct Trading: These are platforms that facilitate direct trades between persons. That includes traders trading from different countries. There is no fixed market price here, only the exchange rates set by the seller.

What To Look For Before Signing Up With A Crypto Exchange?

Research is always helpful. You never know when you might uncover something that could alter your entire perspective on the subject or change your mind just a little. It all adds up to a better end result. Here are some crucial factors of a cryptocurrency exchange that you should explore thoroughly before you join them.

  • Reputation: Exchanges are constantly reviewed by their users as well as the experts. Head over to Q&A forums like BitcoinTalk or Reddit to clarify answer any questions you might have.
  • Requirements for verification: Most Bitcoin trading platforms in both the UK and the US require some kind of ID before allowing for any deposits or withdrawals. However, there are some that allow users to remain anonymous. Verification can take as long as a few days which can be irritating. However, it does come with protection against various scams and money laundering.
  • Methods of payment: This is particularly important. You need to know that the exchange you are signing up with accepts your preferred methods of payment. It could be via credit/debit card, bank wire transfer or PayPal. If the number of payment of options at your exchange is strictly limited, you may want to consider using another. Also bear in mind that buying cryptocurrencies with your credit card always comes with an ID verification as well as a premium price due to the risk of fraud, higher transaction, and fees for processing. Using a bank wire transfer to purchase cryptocurrency will take a relatively long time due to the processing speed of the bank.
  • Fees: Your cryptocurrency exchange should not be shy about containing information regarding fees on its website. It will help you get your eye in on how deposits, withdrawal, and transaction fees will work before you join. The fees are not all the same with each exchange. They can differ substantially.
  • Exchange Rate: Rates differ for different exchanges. If you take the time to really figure out your options, you could save yourself a lot more money. It is not at all an anomaly for rates to fluctuate as much as 10% or higher on certain occasions.
  • Geographical Restrictions: Some of the more specific services from exchanges are only available in certain countries. So make sure that the exchange you sign up with provides your region with full access to the tools and functions of its platform.

Best Cryptocurrency Exchanges

Now that we have covered what cryptocurrency exchanges are and what you should think about before signing up with one, we can focus on what the best cryptocurrency exchanges are.

The list of short reviews detailed below has been compiled from extensive research and also draws from reviews by users that cover fees, security, accessibility, and overall user-friendliness. So without further delay, let us get into the list.

1. Coinbase Review

Being accessible from many currency zones, CoinBase has come up with a simple and stress-free process for purchasing Bitcoin.

It was first launched in 2012 and is represented in more 30 countries. The largest customer bases for Coinbase reside in the United States, United Kingdom, and Brazil.

It is also highly reputed for its level of security and trustworthiness as a platform. It easily qualifies itself here as one of the best cryptocurrency exchanges. This is one of the cryptocurrency exchanges that takes USD.

Pros

  • 2 digital wallets available
  • Easy trading of cryptocurrency with other traders
  • Deposits are ensured, except in the event where an account is hacked with the user password.

Cons

  • Strict security measures mean that your account can be frozen from time to time causing you to wait a while before using it
  • Withdrawals are always tracked, which discourages the use of Bitcoin purchases for gambling and other shady transactions.

Visit Coinbase.com

2. CEX.IO Review

CEX.IO is a trusted cryptocurrency exchange for over 700,000 users worldwide, particularly those who are interested in the Bitcoin trade. CEX.IO is renowned for its simplicity. You can easily deposit funds using your credit or debit card. You can also transfer funds by having your account checked to your CEX.IO account and just like that, you just about ready to begin trading in cryptocurrency. This exchange does make the top 5 list in the minds of many people.

Pros

  • Reputed for being among the best Bitcoin trading platforms for its ability to enable virtually instant trading
  • Users can purchase BTC with good payment methods like Visa, MasterCard, bank wire transfer, and of course, cryptocurrency

Cons

  • Currently operates only for Bitcoin exchange due to the closing of cloud mining activities at the beginning of 2015
  • The platform operates on a ‘Fill or Kill’ or FOK basis which means that what you have agreed to pay initially is indeed what you will end up paying. Changing your mind is not an option.
  • May not necessarily retain the best exchange rates for cryptocurrencies. You will probably find better rates on a site that allows you to make purchases from other traders.

3. Coinmama Review

Many users of cryptocurrencies have declared Coinmama to be the easiest Bitcoin market for opening a new account and getting straight into coin exchange. Its popularity has been rising significantly since its launch back in 2012. At the time, it was one of the very few trading sites for Bitcoin that accepted deposits via a Western Union transfer.

Pros

  • One of the top-rated and reliable sights for purchasing Bitcoin online
  • Exquisite quality of service
  • You can easily open an account after depositing funds with your credit card

Cons

  • With the credit card method being so simple, there are higher user fees being charged – as high as 6.5% – depending on your method of payment.
  • If you rely on alternative payment options, you are better off seeking out another site that chargers lower commissions

4. Localbitcoins.com Review

Are you in search of a reliable BTC trading site that connects you with other traders in your region for making cryptocurrency exchanges? Localbitcoins.com could be exactly what you are looking for. Unfortunately, it is yet to be available worldwide. However, since its launch in 2012, it has managed to extend its services to over 248 nations. Chances are, you live in one of them.

Pros

  • The fees structure is very simple – 1% per transaction paid by the seller. There is also a network fee in addition to the transaction fee. The seller usually includes the transaction fee as part of the asking price.
  • Escrow service guarantees fairness for both buyers and sellers of Bitcoin
  • Signing up requires nothing more than your valid email address. No personal information needs to be submitted. However, other users can require seeing identification prior to trading with you

Cons

  • Not particularly suitable for inordinate purchases of Bitcoin. You may want to try out another site which makes bulk purchases a lot easier and less expensive
  • Platform is not particularly user-friendly for novice traders
  • The probability of being scammed is relatively high so you will need to keep yourself informed of the latest safety precautions as well as methods of approaching other traders

5. Changelly Review

One of the better-known features of this site is its ability to keep track of transactions. Its interface is considered by many to be simple and user-friendly, containing some unique features such as low exchange rates, the exchange of bitcoin into other acceptable cryptocurrencies, and of course, keeping track of the transactions.

Pros

  • Transactions are made quick and easy
  • Trusted exchange for thousands of cryptocurrency traders
  • Very low fee rate. Changelly charges a mere 0.5% for an exchange between cryptocurrencies.

Cons

  • Since not all transactions happen in real time, you could end up purchasing BTC online for and be given a lower amount due to the exchange time.
  • Purchasing cryptocurrency with Changelly using a credit or debit card carries fee rates that can be as high as 40%. Therefore, you may want to consider more inexpensive alternatives.

6. BitPanda Review

BitPanda was initially known as Coinimal. It is a widely recommended site for purchasing and selling the most popular cryptocurrencies, Bitcoin and Ethereum. The options to purchase either of them is available 24 hours a day for all 365 days of the year. Also, there at least 10 methods of payment available including Visa, Mastercard, Amazon, Skrill, Neteller, and Sepa.

Pros

  • Fantastic online customer support
  • Bitcoin wallet is freely available
  • The Bitcoin transaction executed swiftly making this one of the best sites for purchasing BTC

Cons

  • You will be required to submit some form of identification prior to making a purchase which is not ideal for those concerned about their privacy
  • While many other sites will display the fees cost separately, BitPanda includes it as part of the price you pay

7. Coinhouse Review

Traders looking to exchange Bitcoin will appreciate this company for making the payment process a simple one. Simplifying the process involves Coinhouse purchasing Kraken crypto and selling it to its users. This is beneficial because Kraken trading can be rather confounding. Plus, it does not accept credit or debit cards. In order to validate your account with Coinhouse, you must submit government-issued identification and then you can purchase BTC.

Pros

  • Reputed for being a reliable, solid Bitcoin broker
  • Contains great and highly responsive customer service
  • By far, the best method for purchasing bitcoin in Europe with a credit card

Cons

  • Fees are relatively high, so purchasing Bitcoin in bulk can be problematic
  • Your capacity for making purchases is limited on a monthly basis

8. Kraken Review

Kraken is a renowned Bitcoin website which charges lower fees and is the choice of many professional traders all across the world. It boasts some formidable security features as well as healthy connections with banks and the capacity to make transaction quick and easy. It is the preferred choice for millions of Bitcoin buyers. All of these features help place Kraken among the top 10 highest-rated trading platforms in the industry, which is also very encouraging for prospective users.

Pros

  • One of the reliable and reputed options for purchasing Bitcoin anywhere in the world
  • Security for your trades and exchanges is high since you will be signing into the service with a two-factor authentication
  • Has managed to cultivate a good reputation and remain competitive ever since its launch in 2011

Cons

  • The fee structure is rather complex to get around since there is slippage, conversion, deposit and withdrawal fees concerning both Bitcoin and Kraken.

9. Bitstamp Review

Not unlike Kraken, Bitstamp was also launched in 2011 and remains to this day one of the best BTC exchanges you can find. The main reason you can be assured financial security by using Bitstamp is that over 98% of the digital funds are kept in offline places. Bitstamp also makes cryptocurrency exchanges quick, safe, and hassle-free no matter what amount you decide to purchase.

Pros

  • Ranked high on most rating lists since it has never been reported to scam its users with any hidden fees
  • Bitstamp was the first nationally licensed exchange for Bitcoin
  • One of the easiest options for buying Bitcoin since users can make purchases with credit cards
  • Customer service is highly responsive, at least within an hour of being contacted

Cons

  • Margin trading and exchange of Altcoin is not available
  • Transaction times are not very consistent. Users have reported the first couple or so transactions to appear within minutes and then extend to as long as 5 days after that.

10. HitBTC Review

HitBTC is a more recent cryptocurrency exchange to join the industry, launching only in 2015. It is headquartered in London. Despite being fairly recent, its numbers have been rising consistently ever since it started. It offers good security measures for its users with a two-factor authentication process and variable trading fees going by the time when a transaction is executed. For those interested in a UK BTC exchange, HitBTC is becoming a fast favorite.

Pros

  • Platform is easy to use even for novice traders
  • Backups for software can be accessed on a daily basis through a computer as well as a mobile device
  • Professional traders can enjoy the benefits of low fees and high liquidity

Cons

  • There have been reports claiming that this is not one of the safest options for purchase of Bitcoin
  • The reviews have not been consistent regarding the quality of services and responsiveness of the customer support team

11. 247exchange Review

247exchange is renowned for providing a user interface that is easy to access and highly transparent on matters like fees so traders can feel more knowledgeable and relaxed when they sign up for it. Also, once you are through the process of verification, you will be entitled to purchasing Bitcoins with your credit card. However, it falls somewhat short of making it as one of the best exchanges since it makes the process of verification and other documents available in English only.

Pros

  • User interface is simple and easy to use and is accessible from your computer and mobile devices
  • Customer service is good, particularly with the verification process
  • Verification does involve revealing your phone number which can be easily managed with a text message

Cons

  • Verification for credit card can take as long as a couple of days
  • You may encounter some trouble with the verification documents if you are not familiar with the English language
  • There is room for improvement regarding communication of the verification process

12. POLONIEX Review

The poloneix cryptocurrency exchange is based in the United States and promises great security with the use of monitoring programs that are active all day, every day.  There plenty of reviews online that regard Poloneix as a safe and reliable service. In fact, it is so highly regarded that it has actually been overloaded with users giving its customer service team a very hectic schedule.

Pros

  • Altcoin exchanges are available
  • Good liquidity available
  • Capable of serving international customers even if the primary focus is on the US market

Cons

  • Fiat trading is not available
  • Customer service takes a while to respond due to the surge in popularity which has caused an overload of customers

13. BitBay Review

Bitbay is an exchange for Bitcoin that is based in Poland. It is important to know upfront that this not an exchange that offers any international trading services. It is also not exactly the cheapest option for purchasing Bitcoin, but it charges fees that are lower compared to the majority of its competitors. You can assess the fee rates more accurately after comparing them to several more sites.

Pros

  • Enables transaction to be instant so that you will receive the prevailing market price
  • You can have bot do the trading for you in case you cannot do it on your own
  • User interface easy to use thanks to some great features that help make Bitcoin exchanges immediately
  • Traders are allowed to set whatever price they content with paying as well as how much cryptocurrency they would like to buy

Cons

  • Not the ideal option for you if you are not residing in Poland
  • It has been reported by some users that the site is somewhat unstable
  • Debit card or Mastercard privileges are restricted only to users operating from Poland

14. Bitfinex Review

Bitfinex is based in Hong Kong and is an immensely popular exchange site for traders seeking to trade cryptocurrencies in US currency. Bitfinex has been listed consistently among the highest ranking cryptocurrency exchanges since 2014. It prides itself on its transparency of services, policies, and user-friendliness. It is certainly one of the most prominent players in the market for cryptocurrencies.

Pros

  • Trading on margin and margin-funding are available
  • One of the largest platforms for cryptocurrency exchange
  • Access to a wealth of useful trading tools

Cons

  • There is just one method of making deposits and that is via SWIFT along with a bank transfer
  • Customer service does not have a swift response time
  • Withdrawals often take more than a day to process

15. CoinCorner Review

CoinCorner was created only in 2014, and it is well known for making it an easy process to purchase and sell Bitcoin. It also contains a very generous affiliate program offering a commission rate as high as 25% along with daily payments in Bitcoin as well. Management of this exchange is handled by peers that work tirelessly to keep the platform open-source allowing anyone to make a purchase.

Pros

  • Customer support is very responsive not merely to inquiries but also posts on other forums
  • Interface is user-friendly even for novice traders

Cons

  • Account verification can make the process rather slow
  • Setup help videos are of little help.

As you can see, there is no shortage of good cryptocurrency exchanges for you to try. All that is left do is pick the one that is the closest match to your specific trading needs and carry fewer risks.

kucoin review

KuCoin invitation code

Last Update: Larry Newman Leave a comment
KuCoin.com is the hottest cryptocurrency exchange at the moment. Kucoin even has its own token called KuCoin Shares (KCS).

VISIT KuCoin
I am a kucoin user myself, and I love the fact that this exchanges listens to the community – they have integrated many features that the traders asked for.

UPDATE May 2018 – The KuCoin “Referral Bonus” program is open again. Use KuCoin Invitation Code: 24R8w and Sign Up Here.

Kucoin is not considered one of the fastest growing and most trusted crypto exchanges. Most of the time you will find cryptocurrency on kucoin first, before they add it to bigger exchanges like Binance and Bittrex.

Here Is a KuCoin Invitation Code

KuCoin invitation code: 24R8w – Sign Up Here

So if you want to invest in lesser known coins that have a higher possibility to go 5x or 10x, then Kucoin is the right exchange for you.

KuCoin even has a referral programs, where you can refer your friends and get a cut of their trading fees.

Lets say you sign up to KuCoin today. You get your unique referal link and invite your friend. He generates $1 trading fees. You will get a cut of these fees (you get 20%).

The reward program has 3 tiers. That means that once you invite your friend, you will also earn from his invited friends and so on (up to 3 tiers). You get 20% for tier 1 (your friend), 12% for tier 2 (your friend’s friend), 8% for tier 3 (your friend’s friend’s friend).

To understand it better, take a look here:

Where To Find The KuCoin Invitation Code

If you want to start inviting your friends to this exchange then you first need a KuCoin account. Registration is very easy, and it takes only a few seconds.

There is no complicated verifcation process or anything like that. You’ll have an account in a minute.

Next you should go to the Explore > Invitation Bonus menu. It should look like this:

Buy Kucoin Tokens

There are a few advantages for buying KCS (KuCoins own token):

  • Less Fees: All KuCoin Token holders get a 50% fee discount when trading on their platform. This works just like on binance. It’s always better to use these tokens to pay the fees.
  • Better Support: Some people claim that you get faster support, this way (unconfirmed).

I really think that KuCoin is one of the better exchanges out there. Their platform is fantastic and you will find all features you need to trade currencies successfully. They really listen to their community and try to add even more features in the future. The layout is simple and clean. The fact that they add ICOs and lesser known coins faster than others, means that you can get your hands on these before they start pumping.

Good luck with your trades. To the moon!!!

Earn Up to 20% Commission with KuCoin’s Referral Program

KuCoin is not just a popular cryptocurrency exchange; it also offers a referral program that allows users to earn commissions based on their friends’ trading activities.

By referring your friends to KuCoin using your unique referral code or link you can earn up to 20% commission from their trading fees.

The referral program has three tiers which means you can also earn from the trading fees of your friends’ referrals.

This means that the earning potential is not limited to just your immediate invitees.

Plus KuCoin offers an exclusive bonus of $10 and up to 40% discount on trading fees for using their referral code.

So start inviting your friends to KuCoin today and take advantage of this limited-time commission opportunity.

List Of Cryptocurrencies

Larry Newman Leave a comment
In the arena of cryptocurrencies, Bitcoin casts a long dark shadow over all the rest. It was, after all, the first of its kind, launched in 2009 a person or persons whose identity or identities we are still no closer to uncovering than when we first asked the question.

However, in the wake of bitcoin’s revolutionary involvement in online trading, other cryptocurrencies have also propped up to rival it. We know them categorically as altcoins and the ones that are not bitcoin try to market themselves as more improved and sophisticated over the daddy.

In some ways, that is true. But none have so far been able to take the crown away from bitcoin since all have their own fair of risk that causes them to fall short of achieving bitcoin status. Now, there several hundred cryptocurrencies currently in existence but we have isolated what we believe to be the top four that you can try out if you are not keen on trading bitcoin.

1. Litecoin (LTC)

Launched in 2011, Litecoin is only a couple of years junior to bitcoin and has often been called the ‘silver to bitcoin’s gold.’ We would not be surprised if the founder, Charlie Lee found that a tad bit insulting. Lee was a graduate of MIT as well as an engineer for Google. His cryptocurrency is rooted in a network of open source global payment which is decentralized and relies on ‘scrypt’ for a proof of work.

It is also simple enough to be decoded with a consumer grade CPU. Litecoin as generates blocks a lot faster compared to bitcoin and therefore faster confirmation on transactions as well. And its popularity among traders is fast growing.

2. Ethereum (ETH)

Ethereum is fairly recent arrival to the cryptocurrency market launching only in 2015. It too is a decentralized online platform which also allows smart contracts and Distributed applications. More importantly, it enables these functions without the threat of downtime, control, fraud or other interference from outside. Ethereum’s cryptographic token is called ether. It is the essential vehicle by which you navigate through Ethereum’s platform. There was even a pre-sale for it back in 2014 which was met with an overwhelming response. Although being a relatively young cryptocurrency, ethereum has already managed a managed a market cap of well over $4 billion which is only second to – you guessed – bitcoin which is in excess of 7 billion right now.

3. Zcash (ZEC)

Zcash is an even more recent cryptocurrency launched late into 2016 but it has already garnered a good reputation within trading circles. Like Litecoin, it comes across as a decentralized, open source cryptocurrency. Also like Litecoin, it has its own associated catch-phrase in relation to bitcoin. In this case, it is“If Bitcoin is like http for money, Zcash is https,” because Zcash promises better security measures on both privacy and security concerning any and all transactions that are recorded on a blockchain. Specifically, details such as the identity of the sender and receiver, and also the transacted amount are kept confidential. Zcash also offers options with shielded transactions so that information can be encrypted through an advanced technique or zk-SNARK, a zero-knowledge proof construction.

4. Dash

Dash was originally known as Darkcoin and they should have stuck with that name because what it really is, is a darker version of bitcoin. It operates on a decentralized mastercode which lends more anonymity to both individuals as well as transactions. It is not the most recently released cryptocurrency, debuting in January of 2014 but it has enjoyed an exponential growth of its fan base since becoming active. It was developed by a certain Evan Duffield and is simple enough to be mined with a CPU or GPU. The brand name was switched to Dash in March of 2015. It is really just an abbreviation for Digital Cash and no further changes were made to any of the technological aspects like InstantX or Darksend.

List Of Cryptocurrencies By Market Cap

Here is a top10 list of cryptocurrencies by market cap (time of writing Jan 4 – 2018):

1 Bitcoin $250,743,017,922
2 Ripple $140,471,238,347
3 Ethereum $93,282,769,858
4 Bitcoin Cash $40,284,011,730
5 Cardano $31,910,260,606
6 NEM $16,838,819,998
7 Stellar $15,448,836,303
8 Litecoin $12,798,135,752
9 IOTA $10,862,098,598
10 TRON $9,788,130,658

List Of Lesser Known Cryptocurrencies

Here is a list of cryptocurrencies that aren’t in the top10: 0x, AdEx, Aeternity, Aragon, Ardor, ATMChain, Augur, Bancor, Basic Attention Token, Binance Coin, Bytom, ChainLink, Civic, DigixDAO, Edgeless, EOS, Ethos, FunFair, Gas, Gnosis, Golem, Iconomi, Kyber Network, Loopring, MaidSafeCoin, Metal, MobileGo, Monaco, OmiseGO, PayPie, Populous, Power Ledger, Raiden Network Token, SALT, SingularDTV, Status, Storj, TenX, Tether, TRON, Veritaseum, Walton.

Conclusion

Bitcoin still retains its position at the top of the leaderboard for cryptocurrencies and we are yet to see it get knocked over even once. But these four have been biting at its heels for a while now and who knows, perhaps one of them will take the lead one day.

Is Bitconnect A Scam?

Last Update: Larry Newman Leave a comment
Update Jan 17, 2018 – As most of the community has predicted BitConnect has just closed today. Their coin dropped 92% in one day.

Don’t sign up to anything related to Bitconnect

Short answer: Probably (please read on).

There is a significant ongoing debate in the cryptocurrency trading community concerning BitConnect. Is it a scam or not?

There is no question thatBitConnect has turned out to be one of the most controversial cryptocurrencies in existence courtesy of its unique methods of doing business as well as how it attracts new users.

Back in May of this year, BitConnect’s market cap was reported to be well under $50 million. But right now, it has inflated at a simply staggering rate to be in excess of $1.5 billion. As a result, it also holds aninth place in the overall market cap rankings.

The official description of BitConnect is a peer-to-peer, open source, decentralized cryptocurrency that is community-driven and enables traders to invest and conserve their wealth in a currency that is independent of government mechanisms.

Plus, they also have the opportunity of earning significant interest on their investments.

One of the fundamental elements of the BitConnectcryptocurrency is the BitConnect Lending Program. Users of BitConnect are free to exchange BTC for BCC and then lend it for a certain time period. In that time, the initial BTC that was lent may not be withdrawn, even with penalties.

Also in the meantime, that BTC gains interest, which averages out at a reported 1% each day.

Users of BitConnect have the option of withdrawing their interest daily or reinvesting it into the Lending Program to gain bigger profits.

This helps accelerate the so-called ‘Capital Back’. It is also the main reason why many in the cryptocurrency industry suspect BitConnect of being a scam.

Now let us examine some of the more prevalent scam claims that have been made about BitConnect.

#1. It is logistically impossible for any financial investment to guarantee an average profit of 1% everyday so BitConnect may well be a Ponzi Scheme

This claim is not strictly accurate. BitConnect does not outright guarantee the 1% profit per day. On the contrary, they have suggested that there could be several days when the interest gained is 0%. BitConnect does rely on a volatility software that maps out the daily rate of interest over a period of weeks, months, and even years.

However, the volatility chart does suggest that the average interest per day is 1% even counting those days when BitConnect claims that it is 0%. Hence, that is a bit of a dicey statistic.

The main reason for that is compounding interest which is also why traders get a return on their initial investment so promptly.

Let us look at an example. If a trader lent $100 with the average interest assumed at 1% per day, the daily interest for that investment would be $1 per day. But by the second day, the interest amount would be drawn from $101. So now the interest is at $1.01. By day 3, the 1% interest would be drawn out of $103 and so forth. That is compounding interest.

BitConnect saysthey have a trading bot that executes several trades with BTC and earns a profit from these. However, they have not presented any information about said bot or its designated code.

To sum up this claim, one of the main concerns that have been brought out here is that users do not get to withdraw the BTC which they themselves have staked. However, BitConnect does allow users to make withdrawals from their daily interest.

Thanks to the effects of compounding interest, users can withdraw the BTC equivalent of their initial investment in around 6 to 10 months.

Meanwhile, the trading bot claim could explain how BitConnect maintains its alleged average interest per day. But with no concrete evidence being offered to show that this trading bot is real, believing it is a bit of a long shot, which brings us to the second claim.

#2. The source code of the alleged trading bot has not been revealed to the public, therefore, the trading bot is a fake

This does appear to be a strong argument at face value. But it can be understood that such a code could be worth billions and the incentive to profit off of that would be greater than the incentive to gain the trust of the public.

BitConnect may well contain such a source code. Are they just not interested in revealing it?

#3. Why can you only purchase BCC on BitConnect’s own exchange? They could be rigging the coin value

As it turns out, BitConnect is not the only exchange where you can trade BCC. There are other options like Novaexchange and Livecoin. Among the exchanges that have expressed hesitation to open themselves to BCC trading is Bittrex, and in the eyes of many, they have made the right call.

BitConnect’s coin value is on the rise simply because of the increasing number of participants in its Lending Program. Also, BCC is useful for little else apart from lending, so it follows that most of the coins are traded through BitConnect’s exchange.

#4. BitConnect attracts new customers with the help of its affiliate program which is effectively a pyramid scheme

First of all, you may be unfamiliar with what a pyramid scheme is. It is a program where the profit gained with the addition of new members is more whencompared to the profit gained by selling a product or service. In the case of BitConnect, the daily earnings of members appear to be coming from the Lending Program rather than the affiliate program.

#5. The founders of BitConnect remain anonymous to make it easier for them to defy the law in the event of their cryptocurrency collapsing

This is possibly the most sensational claim of them all. After all, Bitcoin is the number one cryptocurrency in the world and has been since it was started back in 2009. Yet, no one has uncovered the true identity of ‘Satoshi Nakamoto.’ That said,however, every other cryptocurrency has made no secret who its founders are and there could well be some shady activity underlying the case with BitConnect.

It is not clear outright whether BitConnect is a scam, but there is enough smoke surrounding it to point many traders and experts in the opposite direction. If you are a trader playing it safe, you will probably hold onto your funds until a concrete verdict has been reached.

Buy Bitcoin With Paypal

Last Update: Larry Newman Leave a comment
With the growth of cryptocurrencies, more and more traders are looking for ways to buy crypto. Every investor has his own favorite payment method and one of the most popular one is Paypal. We will show you how you can buy bitcoin with paypal.

You may have stumbled upon this article without being fully aware of what cryptocurrencies really are, given that their relevance to global online trading is still quite recent. If you already know the basics, then skip to point 3.

So before we really get into explaining how Bitcoin can be acquired into your PayPal account, we will take it in turns to describe them both in full.

1) What is a Cryptocurrency?

Cryptocurrencies (Bitcoin, Ethereum, NEO) work, for all intents and purposes, like the paper money that we are familiar with except for one very noticeable distinction: their intangibility.

  • A cryptocurrency or digital currency is a means of exchange used for trading purely information, in a process based on specific cryptographic principles.
  • Cryptography itself is what secures transaction and controls the production of new coins.
  • You may have already heard about bitcoin, the first cryptocurrency created back in 2009.
  • Now there are several hundred other cryptocurrencies that have popped up, which are collectively known as Altcoins. However,bitcoin remains to this day the most popular cryptocurrency in existence.

There are some other key differences to be mindful of when comparing cryptocurrencies to fiat currencies. They are not under any regulation by a centralized banking system. Rather, they are entirely decentralized.

Many have been configured to gradually lower their production to generate a market cap.

Bitcoin, for instance, will never exist in excess of 21 million coins. In the case of fiat currencies, there is always the possibility of creating more, which explains inflation for the most part.

The actual system by which all cryptocurrencies operate was developed by one Satoshi Nakamoto.

2) What is PayPal?

bitcoin with paypalUnlike cryptocurrencies, there is a lot less orientation required for you to understand PayPal. It is basically a financial service that offers you a safe and secure online account through which you can make your purchases.

You just need to provide details of your bank account, credit and debit cards, and you are good to go.

With PayPal, you can conduct transactions with a wide variety of places including petrol stations, retail traders, and restaurants. But you can also be paid in addition to paying.

Whatever funds you receive via PayPal will remain in your PayPal account until you use them to pay for something or have them transferred to your bank accounts/cards.

There is also the possibility of a fee being charged whenever funds are deposited into your PayPal account, for instance, when you make a sale on eBay. However, most of its functions are on hand free of any commissions.

You can even freely transfer funds to your friends and family members,as long as it uses the same currency.

3) Buying Bitcoin with PayPal

As we mentioned earlier in our description of cryptocurrencies, they are a rather recent addition to the online trading community. In fact, not even a decade has passed since the arrival of bitcoin, the oldest and most widespread cryptocurrency around.

Ever since its arrival, our methods of acquiring it have been steadily increasing and improving. Now there are several ways of consolidating cryptocurrencies that have been proven to carry immense profit potential.

Even so, it is understandable that traders would prefer to purchase cryptocurrencies without being burdened with the task of using mining equipment, creating accounts with exchanges, and having to endure processes of verification.

The more liberal investors prefer to rely on payment mechanisms they are already comfortable with, like PayPal. However, make no mistake, purchasing cryptocurrencies with PayPal is easier said than done. But it is not entirely impossible and that is what you should be counting on.

4) How hard can it be?

Unfortunately, there is no direct way of acquiring cryptocurrencies using PayPal. The solution to that is yet to be found. However, thereare other, albeit less elegant but still effective ways of doing it.

To make things easier, let us focus momentarily on the most lucrative cryptocurrency there is right now, bitcoin, and use it as an example to shed some light on the general state of trading that involves the purchase of cryptocurrencies using the services of PayPal.

In the case of bitcoin, it actually happens to be in direct competition with PayPal. Also, part of trading in cryptocurrencies like bitcoin is accepting the reality of no chargebacks, and falling victim to fraudulent commissions since your account could make an attractive target for online hackers.

5) Hard or soft?

The level difficulty with which you buy cryptocurrencies using PayPal has a lot to do with whether or not your choice of cryptocurrency is hard or soft. The defining feature with hard cryptocurrencies is that they do not facilitate the reversal of a transaction. Bitcoin, for instance, is a hard cryptocurrency. Besides, PayPal is not exactly fond of having its platform used to purchase bitcoins which could land you in a spot of bother.

If your cryptocurrency of choice falls into the soft category- that means it does allow for the reversal of payments- and for that, you can use methods like PayPal and credit cards.

Are there ways to soften hard cryptocurrencies? Yes, there are, by use of a reliable intermediary or an escrow service.

6) Alternatives To Buying Bitcoin With Paypal – VirWox

It is important to note that PayPal does allow the use of Second Life Lindens (SLLs) to make purchases with hard cryptocurrencies such as bitcoin. The demand for SLLs has seen several exchanges include it among their services and the best of them all so far has turned out to be VirWox. Although it is, in fact, the best exchange, it does not exactly operate like a full-on exchange. Rather, it offers the well-known Second Life game as a way of purchasing in-game collectibles. The game actually creates enough of a gray area where you can use in-game funds to purchase virtual funds.

7) Other considerations

If you are a forex trader, consider opening an account with something like Plus500 that is compatible with both PayPal and cryptocurrencies.

Paxful is another independent service that allows you to open an account, seek traders, and make transactions between PayPal accounts for hard cryptocurrencies like Bitcoin. There is even an escrow service here that increases security for traders.

If you are looking for other alternatives, you could deposit with paypal to cryptocurrency brokers and start trading Bitcoin and other coins.

Conclusion

Yet for all this, there is still some way to go before the purchasing of cryptocurrencies like Bitcoin with PayPal becomes a no-brainer. The existing methods will continue to improve as demand increases.

Best Forex Brokers 2024

Last Update: Larry Newman Leave a comment
Forex trading is a process of exchanging currencies. FX trading has never been easier and perhaps you want a piece of the action.

best forex brokers

This article will help you understand the elementary matter of getting into the game with a reputed and established broker. This page contains all the tools you need to make it as a successful trader.

So let’s get right into it.

Top Rated Forex Brokers

Rank Broker Min. Deposit Regulated Features Review
1
 review $100 YES + BEST SUPPORT
VISIT
2
 review $100 YES + CRYPTO
VISIT
3
 review $100 YES + GREAT PROMOS
VISIT
Plus500 Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Choosing A Forex Broker

Forex brokers are numerous all over the world. However, whichever one you choose will be a decisive move indeed in your career as a trader. All of them look promising, but not all of them deliver on their promises. So your best choice lies with a broker that is strictly regulated by the government and has superb reviews from the majority of clients.

Once some fitting candidates are selected, you can get a little nit-picky and scrutinize these details to cipher out the right one for you.

  • Service quality: A lot of this depends on whether the broker is licensed and regulated by an authority such as the CFTC and registered with the FCM. Usually you do not have to pry any further than the broker’s official website to find out what’s what?
  • Spreads: A spread explains the discrepancy between the buying price of a currency and its selling price. It is calculated in ‘pips’. A spread essentially how the brokers earn money in lieu of receiving a commission. So unless you have a soft spot for your broker at the expense of your own financial returns – unlikely – you should look for a broker with as low a spread as can be found.
  • An assortment of tools and information: Each Forex broker has its own trading platform online that customers can access to do their trading. Usually, this platform contains additional information such as charts and other kinds of data in real time and commentaries.
  • Options in leverage:Leverage is a huge deal in Forex trading. It comes across as a ratio between the total capital relative to the real capital – the amount lent to you by the broker to trade. With ratios expressed up to 250:1, it exponentially enlarges your winning potential but also your loss if the trade does not work out as you has predicted.
  • Types of accounts: Forex Brokers usually afford multiple accounts to their traders. There is the mini account which requires a minimum trade of around $250 to activate at high leverage. The standard account enables you to work different leverages but requires a much higher initial deposit of $2000. Finally, there is the premium account which requires a still higher initial deposit to be activated and comes with more tools and services along with differing leverages.

What To Look For In A Forex Broker

Now that we have covered the essential features to look for in a broker, let us now learn what we hope not to see in a Forex broker.

  • Sniping/Hunting: These terms describe dodgy moves made by brokers to make some extra green for themselves. Naturally, no broker has readily admitted to have ever done it but no of them can be totally cleared of suspicion. The only way to pinpoint the issue is by talking to other traders who have been unfortunate enough to experience it.
  • Rigid terms on margins: If the funds you are trading with have been lent, your broker has some control over the amount of risk you stake it at. And so, the broker can buy or sell on its own terms and that can be a costly error for you. Again talk to other traders and find filter out potentially crooked brokers.

Hopefully now you have a better understanding of how to go about selecting your broker to give you a good start into the Forex market.

How We Test Forex Brokers at ForexBrokers.com

At ForexBrokers.com we understand the importance of thorough research and testing when it comes to choosing a Forex broker.

That’s why our team of experts follows a comprehensive and rigorous process to evaluate each broker and provide accurate and unbiased reviews.

Our evaluation process covers various factors including the overall offering of investments commissions and fees platform and tools research education mobile trading and trust score.

We analyze each broker’s strengths and weaknesses in these areas to give you a clear and objective picture of their services.

To ensure transparency and reliability we use extensive data points and research requirements to evaluate and compare brokers.

Our team conducts hands-on testing of trading platforms executes real trades and interacts with customer support to assess the quality of services.

We also consider user feedback and ratings alongside our own findings to form an in-depth evaluation.

By doing so we aim to provide you with the most accurate and comprehensive information to make an informed decision when choosing a Forex broker.

At ForexBrokers.com we are committed to delivering the toughest broker reviews in the industry so that you can trade with confidence and trust.

Bitcoin vs Ethereum

Larry Newman Leave a comment

Straight away, the distinction to make regarding bitcoin here is that it is still the dominant player in the cryptocurrency arena. Although that is not to say Ethereum has not been snapping at its heels lately, it has. What Ethereum offers that bitcoin does not is a wider range of applications and functions. But let us take a more detailed look at those differences now.

Ethereum Concerns More Than Mere Money

The term ‘digital currency’ does not quite cover all of what Ethereum really is. It is after all a platform rooted in blockchain containing numerous different aspects to it. There are variables like smart contracts and the Ethereum Virtual Machine (EVM) to consider as well as the currency it uses, called ether for the same sort of peer-to-peer transaction you engage with bitcoin.

Applications stored in blockchain are used by Ethereum’s smart contracts for contract facilitation and negotiation. The main benefit of said contracts is the blockchain supplies a decentralized method of validating them. Being decentralized makes it a lot tougher for the occurrence of fraud and censors. The smart contracts have an objective not only to enhance security over traditional contracts, but also to reduce the costs involved.

Ethereum is not entirely separate from bitcoin. The two do share striking similarities. They are both decentralized peer-to-peer cryptocurrencies and use a blockchain. Both are useful for the storage and transfer of value. But the fundamental intention with Ethereum is rather different. With Ethereum, a smart contract is basically Ethereum addresses which have a viable code and are stored in the blockchain.

Both these currencies are still relatively young along with the whole concept of cryptocurrency. However, if you were to ask which of the two are more stable, the answer would be bitcoin. Perhaps that is why it is still sitting pretty on the number one spot. But who’s to say that will not change? Ethereum is fast growing and volatile in nature. In this year alone, its value has spike thousands of times over.

Implementing Smart Contracts with Your Own Cryptocurrency

With Ethereum, you can create digital tokens which can be used to can represent assets, virtual shares, proof of membership and so on. They are compliant with any digital wallet and exchanges using the standard coin API.

After copying the code on the Ethereum website, you can use the tokens for multiple reasons from the representation of shares to fundraising and voting. Based on your established rules, you can have your circulation of tokens either in a fixed amount or a fluctuating amount.

Ethereum Does Not Require You to Have a Kickstarter

Ethereum enables you to increase funding for several uses. If you are trying to get a new venture going, simply set up a contract and look to the community for assistance. The funds that have been raised will be held until the aim is reached or the any certain date that has been agreed upon in advance. If your goal is not reached, the funds will go right back to the contributors or be diverted to another project which was successful. Taking out the third party, rules, fees, and all is what constitutes kicking out Kickstarter.

Skip Over Traditional Management with Democratic Autonomous Establishments

In addition to helping you outsource your funding, Ethereum can help you with organization and structuring as well. You can acquire different proposals from people who have supported your idea and put it to a vote to decide how you should proceed. This alleviates the cost of traditional structuring that includes doing paperwork and hiring managers. Ethereum will also safeguard your project from outer influences.

Block Times

With bitcoin, your block time lasts on average for 10 minutes. With Ethereum, it is closer to 12 seconds thanks to its GHOST protocol. So confirmations are faster but there are more abandoned blocks.

Conclusion

We have not had time to cover all of the differences here but from what we have shown, it is easy to understand how Ethereum and bitcoin are two different beasts. While they have their cryptocurrency status in common, that is all there is regarding their similarities.

Bitcoin is still the more stable cryptocurrency but Ethereum branches out more. Ether is merely a working part of it smart contract operations.

bitcoin

How To Learn Everything About Bitcoin

Last Update: Larry Newman Leave a comment

What is ‘Bitcoin’?

Well, the dry facts are that it was created in 2009 by one Satoshi Nakamoto whose identity currently remain anonymous. The main attraction of Bitcoin is the opportunity to incur lower fees on transactions relative to the conventional payment methods found online.

In addition to that, it operates under a decentralized authority. That is of course in contrast to government-based currencies. In any case, it is an idea that has now accumulated a market cap that is well over $7 billion.

And we still do not know the person or persons who came up with it. Strange times indeed.

We realize of course that we have eluded the question asked at the very beginning: What is Bitcoin? Bitcoin is a digital currency. It is, therefore, also a non-physical entity of which balances are retained in a public ledger in the cloud which also records every Bitcoin transaction.

Bitcoins are independent of any involvement from banks or governmentsand they represent no value at all as a commodity. They deal almost exclusively in a whole other realm known asvirtual currencies. We refer to them categorically as Altcoins.

Getting a Grip on Bitcoin

Being a cryptocurrency, Bitcoin balances are kept with use of keys, both public and private. These refer to multiple long strings of numbers that are connected through the same mathematical encryption algorithm by which they were first created.

The public key is very much similar to a bank account number. It is the address to which anyone can send in bitcoins. The private key is the cryptocurrency equivalent of your ATM pin number. So it is a private detail that is used to authorize a bitcoin transmission on your part.

The Mechanics of Bitcoin

Bitcoin was among the first of the digital currencies to integrate peer-to-peer technology make payments virtually instant. “Miners” is the term given to the independent persons and companies that run the underlying computer systems and are also active participants in the network.

Their incentives are based on the release of new bitcoin and payments made in bitcoin. They are the so-called decentralized authority that is so characteristic of the bitcoin network and they keep network credible and valid.

Bitcoin mining explains the process by which bitcoins are released into circulation. The main objective is to solve the complex computational puzzle that would reveal a new block which will then be added to the blockchain and receive a few bitcoins in return.

In 2009, that reward was worth 50 bitcoins and it continues to decrease ever 4 years. With an ever-increasing number of bitcoins being added, the difficulty of the mining process also increases. Back in 2009, the difficulty commenced at 1.0. However, this year, it is north of some 4.24 billion. Naturally, this meant upgrading computing power from a standard desktop computer too way faster hardware such as Application-Specific Integrated Circuits (ASIC), and more advanced processing units like Graphics Processing Units (GPUs).

What Is The Value Of A Bitcoin?

The bottom line is it is a lot. A single bitcoin today is worth well over a thousand US dollars which is exponential growth over last year when it was valued $770. The price of bitcoin is not correlated to the extent of the mining network. As for theprice of bitcoin increases in tandem with the cost of producing it. The mining network has thus far tripled its power in the past year or so.

Who On Earth Was Behind The Whole Thing?

For such a multi-billion dollar idea, you would expect to know a great deal about whoever came up with it in the first place. At least a detailed profile on the internet and the occasional public address to a group of college students or entrepreneurs or even a charity event?

But no, nothing more than aname that could refer to literally anyone has been attributed to such a world-changing idea. That name is the infamous Satoshi Nakamoto. It is thought to be the individual or group of individuals who released the first bitcoin white paper back in 2008 and developed the original computer software to support the network in 2009.

Conclusion

The bottom line is that this is now a highly lucrative enterprise that shows no signs of slowing down for the foreseeable future.

How to Choose a Trade Expiry Time

Last Update: Larry Newman Leave a comment

Once you have decided to start trading binary options, you will realize one thing. There are a considerable number of expiry times to choose from. Now, it may seem relatively simple. After all, you just have to choose when a trade is going to end.

If you have ever placed a trade, however, you are aware that there this expiry time holds a great deal of weight. In the end, it may be the difference between you winning or losing a trade. If you want some insight on how best to choose the expiry time, keep reading:

Short, Medium, or Long Term Trades

This is probably one of the biggest debates among traders – what is the ideal trade time period. Short trades are typically defined as those lasting less than five minutes. Medium trades can range from about five minutes to a couple of hours.

Long term trades may even last a full twenty four hours. When it comes to short and long term trades, there is often a lot of arguments. This is because some traders feel it is easier to determine the outcome of short term trades.

Others, however, feel that a longer time period is simpler to predict. Most will agree, however, that medium length trades are the most prudent. This is due to the fact that these intervals tend to work well regardless of the market situation. With these, you can benefit from the release of new information as well as prevent your funds from being unnecessarily tied up.

Balancing Risk with Payout

So, if medium trade lengths are the easiest to predict why are they not more popular? The answer to this is simple – the payout rate. The payout rates for mid-range intervals are a great deal smaller than with short term trades. Therefore, they are less likely to appeal to traders. As there is a greater amount of risk with short term trades, the payouts are often excellent. Long term trades, much like the medium term trades, have lower payout rates. It is important to realize that regardless of what you choose, you are trading one aspect for another. Thus, you need to decide which is more important to you.

Expiry Times and Assets

Now, what most traders fail to take into consideration is the correlation between asset type and expiry time. Asset types are quite different to one another and as such behave differently. This includes how much their value fluctuates given a certain time period. Take commodities, for instance. Unless there is a particularly volatile market situation, it is unlikely that the price is going to change quickly. Therefore, you will have better luck with short term trades.

Conversely, with stocks, you are typically only able to discern any real changes over a longer period of time. This is why long term trades are more appropriate in such a situation. With currencies, you will find yourself being more successful in medium to long trades as the currencies tend to fluctuate minutely over short periods of time.

The Deciding Factor

To start off with, you may experiment with a variety of expiration times. After all, it is only with practice and experience that you can truly decide what is best for you. You may find yourself being more comfortable with one expiry time over another. This is fine as long as you conduct the proper analysis before deciding on an expiry time. This is because what will work in one market condition will not prove to be successful in a contrary situation. This means that you should not begin to automatically rely upon one interval over another.

All of this information will help you with how to choose a trade expiry time. Remember to always base your decision on fact and research rather than intuition or ease of method.

Forex Trading Strategy

Larry Newman Leave a comment

Getting a forex trading account is really not far off from signing up for an equity account. There is one very real difference. And that is with a Forex account, you will need to sign an agreement that specifies that the funds you are trading with are lent to you by your broker that therefore retains the right to interfere with a trade to prevent any losses on its part.

A Basic strategy for Forex trading

Coming up with strategy for Forex trading can be a part of two kinds: technical analysis and fundamental analysis. It is worth noting that with Forex markets, technical analysis appears to be the more prevalent type of strategy used by traders. Nevertheless, it is helpful to understand both in some measurable detail regarding how they affect Forex trades.

Technical analysis

Similar to equity markets, technical analysis has a lot to do with price trends in Forex markets. However, unlike equity markets, Forex markets function 24 hours a day so some elements of the methods of technical analysis would invariably require some tweaking and adjusting. We have listed some of the most popular forms of technical analysis below.

  • Parabolic SAR
  • Fibonacci studies
  • Pivot points
  • The Elliot Waves

Such studies are combined by technical analysts to draw out sharp predictions regarding the market.

Fundamental analysis

If you have ever undertaken fundamental analysis, you might get why technical analysis is usually the more preferable strategy with Forex Trading. Fundamental analysis here is a lot more complicated but getting it right enables you to see clearly into long term trends. There are several different indicators of currency values. We have listed a few of them below.

  • Durable goods
  • Consumer Price Index
  • Non-farm Payrolls
  • Purchasing Managers Index
  • Retail sales

Aside from the aforementioned reports, other factors such as commentary from meetings can have a similar influence on the market. The meetings in question are often prompted by a need to talk about matters that deal with currency values such as inflation and interest rates. We would humbly remind the chairman of the Federal Reserve that with great power comes great responsibility.

So what is your strategy?

The truth is your strategy is bound to be as unique as you are. Pretty much any successful forex trader has been working on their trading strategy overtime and perfecting it as they go along. Experts suggest employing elements of both technical and fundamental analysis so that traders have an accurate idea of long-term happenings as well. As far as we are concerned though, there is no greater teacher here than the simple trial and error method. Only you as a trader can truly know which strategy will best serve your interests.

Just be careful to consider the following.

  1. Start off with a demo account work with it until you are confident enough to trade with real funds. That leverage potential is always intimidating enough for you to hold off yur real funds until you have gotten enough practice.
  2. Remember that facts do not care about your feelings. If you make a move based on how you feel instead what is logically valid, you just increased you chances of making a loss. Stay sober about reality and make your trades about little else except cold hard math.
  3. Always keep a watchful eye on the trends. There is no good reason to swim upstream here. Going with the trend almost always gives you a much higher success rate.

Conclusion

And that is just about all you need to know about coming up with your ideal Forex trading strategy.

How to Choose a Forex Broker

Larry Newman Leave a comment

If you want to be involved in forex trading, one of the first things that you will need to do is to find yourself a broker. Now, these types of brokers are a dime of dozen. What you need to focus on is how to choose a forex broker that is right for you.

How to Choose a Forex Broker That is Right for You

By employing a broker that is compatible with your needs and expertise level, you are much likely to be able to trade more successfully. Here are some of the tips you can follow for finding your best possible option:

Is the Broker Regulated?

As mentioned, you will find no shortage of brokers on the internet. This can make deciding between the legitimate ones and the scams quite difficult. If you want to be assured that you are making the right decision, then it is best to opt for a broker that is regulated by an authoritative agency.

Each country has a regulatory association that is responsible for forex brokers within their borders. For the United States, this is the National Futures Association and the U.S. Commodity Futures Trading Commission, while in the UK it is the Financial Conduct Authority and the Prudential Regulation Authority.Australian brokers are managed by the Australian Securities and Investment Commission whereas the Swiss brokers have to be regulated by the Swiss Federal Banking Commission.

In Germany, there is the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) while France and Canada adhere to rules set by the Autorité des Marchés Financiers.

What are the Account Offerings Like?

Each broker is going to make various promises regarding the leverage and margin, commissions and spreads, as well as the minimum initial deposit. It is a good idea to make comparisons between the brokers to decide which one is making the best offerings for you.

Each broker is going to have different accounts and then ask for varying minimal deposits. It is always a good idea to stick with an account that you can afford so that you don’t run out of cash too quickly.

If the leverage that is offered is competitive, then you can significantly increase on your initial deposit. However, to avoid falling into debt, you should remember to limit how you use the leverage.

There are two ways that brokers make money – commissions and spreads. Those that are involved in commissions generally charge a certain percentage of the spread. The brokers that don’t charge commissions, though, and make money from wide spreads. As such, it is best to stick with more popular currency pairs with these type of brokers.

What Currency Pairs are Offered?

There are some currency pairs that are known as majors. These include the EUR/USD, USD/JPY, GBP/USD, and USD/CHF. If you are interested in trading with these or others that are similarly popular, you are in luck as almost every broker is offering these. If you want something more exotic, though, you will have to first ascertain that a broker that you are interested in actually offers these pairings.

What is the Trading Platform Like?

If you aren’t able to use a particular trade properly, there is a good chance that you will make numerous mistakes with your trades. As a result, you can lose a lot of money. To avoid this, you will need to find a trading platform that you are comfortable using. All of the controls and features must be easy to use and you should have no problem entering or exiting a trade. Similarly, it should offer you a lot of trading tools to choose from. Trading alerts and automated trading options can also help you a great deal when trading.

How Easy it to Deposit and Withdraw Money?

To make quick trades, you are going to need to deposit money into your account quite quickly. So, in addition to bank transfers and checks, you should also be able to place money into your account via credit cards and PayPal for faster options. Now, you should also look at the methods as well as the terms and conditions surrounding your withdrawal options. These tend to be tricky so you should ensure that you can take your money out with minimal hassle and cost to you.

This is how to choose a forex broker that is right for you. With some research and due diligence, you should be able to decide on one that is reliable as well as profitable.