Examples – Kraken

What Makes a Crypto Trading Platform Trustworthy?

What Makes a Crypto Trading Platform Trustworthy?

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One thing that all of the major cryptocurrency trading platforms at the top of the industry have in common is the trust that the users and the community as a whole places in them.
This is also something that clearly differentiates the best platforms in the cryptocurrency market from the rest, with the most trusted exchanges and brokerages building a loyal fan base and respect within the industry.
We’re breaking down what makes a crypto trading platform trustworthy in 2020, and taking a look at a few examples of some of the most trusted cryptocurrency trading platforms.
Hacking is Still a Big Concern in 2020
Far from being something of the past, hacking within the cryptocurrency industry is still a significant concern and a big problem for both trading platforms and users alike.
As recently as this year and 2019, some of the largest cryptocurrency trading platforms have suffered hacks in the range of tens or hundreds of millions of dollars.
Hacking is still one of the top concerns for anybody that interacts with the cryptocurrency market, and instead of the prevalence of hackers diminishing over the past years, if anything it has increased.
Many of the Top Platforms Hacked Recently
Far from it being only small training platforms that get hacked, some of the largest cryptocurrency trading platforms in the industry have been hacked over the past couple of years.
Binance is one of the most prominent cryptocurrency exchanges, and was hacked in early 2019 with the platform suffering a loss of more than $40 million of their users’ funds in the process.
Coinbene is another large cryptocurrency trading platform that has fallen afoul of hackers in the past two years, with it suffering a $160 million loss in 2019 as well.
Platforms Implement Advanced Security
There are however a number of examples of platforms that have implemented advanced security features and systems in order to remain hack-free and to protect the funds of their users.
PrimeXBT is the world's leading multi-asset margin trading platform, and implements a wide range of bank-grade security features such as the mandatory Bitcoin address whitelisting and cold storage of digital assets with multi-signature technology.
Because of this, PrimeXBT has ensured that in its years of its operation, it has never been hacked and has never been breached by hackers in any way, ensuring that users’ funds remain safe.
Traders Select Platforms with Clean Security Track Records
Traders and investors in the cryptocurrency space will always gravitate towards platforms that have never been hacked, being that it is the most sure fire way of being assured of the safety of a platform in comparison to others.
Platforms such as PrimeXBT which have never been hacked, as well as others such as Kraken, have built a large and loyal following based on the understanding that users are safe to interact with the cooked a currency market on these platforms.
As time goes on platforms that have never been hacked become rarer, as there is a continual stream of multi-million dollar hacks that we hear about, and this only works in the favor of those platforms that have effective security implemented.
In Summary
While there are a number of reasons that traders and investors select certain platforms to trade at, one of the most important considerations is the security of each platform.
Even though generating profit is important, there is no point generating profit at a platform if it will just be lost to hackers, and therefore traders often pay particular attention to the track record of each platform with regards to security.
PrimeXBT and Kraken are two examples of platforms that have never been hacked and that implement effective security measures in order to protect the funds of their users
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Yield Farming in DeFi — the Evolution outcome of the Crypto Industry

Yield Farming in DeFi — the Evolution outcome of the Crypto Industry

Yield Farming in DeFi — the Evolution outcome of the Crypto Industry
Yield Farming (income farming) is one of the key trends actively developing in DeFi. Thanks to this earnings strategy, the Compound project has recently taken off, ranking first in terms of the number of user funds blocked in the protocol.
The Yield Farming investment strategy, or income pharming, is to generate income from the placement of cryptocurrencies on various DeFi-platforms for crypto-lending. Before Yield Farming, the main trend in DeFi was conventional cryptocurrency deposits, bringing in 4–10% returns. However, Yield Farming can generate up to 100% annualized income.

Yield Farming is the main driver of the DeFi sector

The number of cryptocurrencies locked in DeFi (Total Value Locked — TVL) is now $2.29 billion. At the same time, over the past month, the capitalization of funds in DeFi has more than doubled, largely due to the popularity of income pharming. At the same time, the top five DeFi protocols attracted $2.1 billion in crypto assets, or 91.7% of the total TVL volume.
• Compound — $690.8 million
• MakerDAO — $644.7 million
• Synthetix — $396 million
• Aave — $192.4 million
• Balancer — $178.2 million
And the total number of users of these projects was about 230,000.
The sharp rise in interest in Yield Farming is associated with one of the new protocols on the market — Compound. Users of this platform can provide loans or take out loans in nine different cryptocurrencies, for which they receive COMP project tokens. With these tokens, Compund users can make decisions about its future development. In other words, conditional “shares” of the Compound project are distributed to those who provide liquidity to the platform, as well as to those who take loans on it. This largely corresponds to the concept of SAFG (“a simple agreement on the possibility of obtaining the right to control in the future”) as a logical development of other principles of distribution of tokens — SAFE and SAFT.

COMP for BAT

Issued daily at 2880 COMP, which is equivalent to $518,688 at a token price of $180.1. Half goes to liquidity providers, half to borrowers. At the same time, distribution is carried out to each of nine markets (BAT, ETH, USDC, USDT, Dai, REP, 0x and Sai) — to everyone who borrows or takes loans from Compound, in proportion to the interest rate, as well as to their payments for interest or income. The higher the rates for a loan or loan, the more COMP tokens are paid.
At the same time, Compound is constantly updating its token distribution rules. So, according to the latest update from July 2, COMP payments begin to be made based not on interest rates, but on the dollar value of the funds in the transaction. This should eventually lead to more use of stablecoins. For them, borrowing rates can be less than 1%, which is ten times less than for the most volatile asset in DeFi — the BAT token.
It is worth noting that until recently, Compound users received the maximum number of COMP tokens for transactions with BAT. As a result, for the period from June 19 to July 2, the volume of transactions with this asset reached $931 million, which exceeded the total turnover of Ethereum and DAI for the same period. However, another change in the rules sharply increased the volumes of DAI and USDC.

Yield Farming: Borrowing Is Better Than Lending

The changes did not affect the main advantage of Compound — the COMP tokens received by users still cover the cost of borrowing in cryptocurrencies. In other words, Compound users find it more profitable to borrow than borrow (as noted, for example, with the Tether stablecoin). Payments of COMP tokens to borrowers look like a cryptocurrency cashback for participation in the platform — this can be viewed as if, for example, American Express bank shared a small share in the share capital with users for each transaction.
This Compound policy has led to a sharp increase in loans, as well as increased income for those providing liquidity, as they also receive COMP tokens for participating in the platform. Moreover, this cashback is a plus to the interest earned on borrowed cryptocurrencies. Moreover, since borrowers receive payments on loans, liquidity providers can use their own assets to borrow more funds. As a result, their income increases and they again provide liquidity to Compound.

Not only Compound

Compound was not the only one that played an important role in popularizing Yield Farming. So, Aave makes it possible to borrow cryptocurrencies at a fixed rate, and then place them in order to generate income. Aave’s fixed rate is usually higher than Compound’s variable, which means Aave gives more income to those who provide crypto loans. There are also liquidity pools, such as Uniswap, which offer large returns (sometimes at 100% annualized rate), but with higher risks.
While the price of СOMP shows a clear downward trend (research of the Delta Exchange platform claims that this token is five times overvalued), Compound is overgrown with competitors. So, on June 22, the COMP token cost $327.82 (on the day of listing on Coinbase Pro, June 23, at the moment the cost even rose to $427), and on July 12 it was already $180.1. The fall of СOMP is noticeable, but it is worth noting that at the beginning of its emission the token cost only $16. Moreover, about 80% of COMP tokens are distributed among the top 10 addresses in Compound, and the volume of tokens in free circulation is $686 million, which corresponds to a free-float indicator of 38%. It is not high, and this will contribute to the strong volatility of COMP.
Against the background of a decrease in the cost of COMP, the Balancer platform, which provides crypto lending services from a pool of various ERC20 tokens, began distributing 145,000 native BAL tokens to liquidity providers every week. These tokens, like COMP, provide the right to participate in the management of the platform. Of the maximum possible issue of BAL 100 million, 65% will go towards payments.

Risks of Yield Farming

Despite the popularity of Yield Farming among DeFi players, this trend is not without its pitfalls. For example, Ethereum co-founder Vitalik Buterin continues to criticize DeFi, stating that “interest rates that are significantly higher than you can get when working in the field of traditional finance are either an opportunity for temporary arbitrage or are obtained at the expense of not publicly disclosed risks.”
Indeed, when using Yield Farming, the following risks should be borne in mind:
• Cryptocurrencies can be stolen from the platform they are hosted on.
• The participant may borrow too much funds in relation to the crypto deposit placed by him (trading with high leverage), as a result of which the collateral may be lost.
• The collapse of cryptocurrency rates. This factor can be realized if, for example, it turns out that some stablecoins in reality do not have the declared 1:1 collateral.
• The Compound platform will no longer reward borrowers and lenders with COMP tokens. According to the statements of the project team, the program will operate over the next four years — during this time 42% of the total token emission will be distributed. However, the site has the right to change the rules.
• Systemic risk, within which even small changes in the core principles of Yield Farming can provoke a very strong transformation of this strategy and affect its popularity.
• Scam tokens. Due to the simple asset listing system on the Uniswap site, assets such as a copy of the Balancer token, fake coins of the Curve Finance project, the DYDX token, which can be confused with dYdX, and the Uniswap Community Token, which is not related to the platform itself, appeared on it. As a result, the site issued a warning about an increase in the number of fake ERC20 tokens.

Yield Farming gives hope for the growth of cryptocurrency quotes

But how does Yield Farming affect the crypto market in general? Over the last week of June and the first ten days of July, an additional 2,430 bitcoins were added to Compound, in addition to the 170 already available at that time. The Balancer platform during the same time saw an influx of bitcoins from 126 to 1787. In total, for the implementation of Yield Farming, DeFi protocols are now more than 12,000 BTC. Potentially, an increase in the inflow of bitcoins into this sector of the cryptocurrency market can play a positive role in relation to the dynamics of the growth of quotations of the first cryptocurrency. After all, the growing popularity of Yield Farming supports interest in BTC, which is especially important given that in July, the turnover of this cryptocurrency trade fell by 31% compared to June.
Since most of the DeFi projects are based on the Ethereum blockchain and use the assets of this ecosystem, ether can potentially get an incentive for strong growth. Although the example of XRP and the development of innovations from Ripple shows that such market success is not guaranteed. It is also symbolic that the total capitalization of ERC20 tokens has reached $33 billion, exceeding the total capitalization of ether ($26.6 billion). Messari analyst Ryan Watkins, commenting on this data, said that ether has shown a very modest growth over the past two months, only 20%.
The continued growth in interest in stablecoins and the increase in trading volume with them is also driven by their popularity at Yield Farming. Along with this, stablecoins, which have long become a “bridge” between the world of classical finance and the cryptosphere, also contribute to the rapid emergence of various CBDCs on the market.

Yield Farming meets institutional investors

Yield Farming has become a natural stage in the evolution of the cryptocurrency ecosystem. However, its further destiny, like all DeFi areas, is directly related to ensuring reliable cybersecurity. This is also important from the point of view of investors who invest in infrastructure: it’s a shame, for example, that the dForce platform faced the theft of $24 million in assets, having received $1.5 million in funding from investors a few days earlier.
In this connection, venture funds from Silicon Valley are being invested in the development of infrastructure for Yield Farming. So, ParaFi is investing $4.5 million in Aave, supporting a platform that offers instant cryptocurrency loans without collateral. These are high-risk transactions for the borrower, but it is important that Aave develops further. So, it has service integration with Uniswap. Moreover, Aave became the first DeFi protocol to work with the Tether stablecoin. Plus, the platform now offers a new product — credit delegation, when a depositor can lend their assets to a specific member of the platform in a collateral-free scheme. Both parties enter into a loan agreement, which, thanks to the integration of Aave with OpenLaw, allows such a contract to be securely stored on the blockchain. In fact, this is a real exit for DeFi with Yield Farming to the classic financial market, to work with institutional investors as well.
There is also a trend towards the integration of various platforms into DeFi, which thereby help each other grow. Thus, internal tokens and “synthetic” tokens (cTokens) Compound began to be used in Uniswap. And three projects at once — Synthetix, Curve and Ren — launched a joint pool providing liquidity in the form of tokenized bitcoins.
Also in a short period of time, insurance products targeted at Yield Farming members, such as Nexus Mutual, began to appear on the market. Now the Nexus Mutual team has insured assets in the amount of $8.5 million. Curve Finance is most interested in this opportunity ($1.6 million of assets are insured). Cryptocurrencies for an average of $700,000 are also insured on the Balancer, Compound, Aave and 1inch.exchange platforms.
Yield Farming, along with decentralized insurance products, confirms the opinion of analyst Chris Burniske, who emphasized that DeFi recreates all the elements that are found in classic finance, but on a new, innovative basis. So it cannot be said that Yield Farming is a short-term trend. This segment of the cryptosphere will continue to evolve despite the decline in net margin in it, as seen in the example of Compound.
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Crypto Banking Wars: Will Coinbase or Binance Become The Bank of The Future?

Crypto Banking Wars: Will Coinbase or Binance Become The Bank of The Future?
Can the early success of major crypto exchanges propel them to winning the broader consumer finance market?
https://reddit.com/link/i48t4q/video/v4eo10gom7f51/player
This is the first part of Crypto Banking Wars — a new series that examines what crypto-native company is most likely to become the bank of the future. Who is best positioned to reach mainstream adoption in consumer finance?
While crypto allows the world to get rid of banks, a bank will still very much be necessary for this powerful technology to reach the masses. We believe a crypto-native company, like Genesis Block, will become the bank of the future.
In an earlier series, Crypto-Powered, we laid out arguments for why crypto-native companies have a huge edge in the market. When you consider both the broad spectrum of financial use-cases and the enormous value unlocked through these DeFi protocols, you can see just how big of an unfair advantage blockchain tech becomes for companies who truly understand and leverage it. Traditional banks and fintech unicorns simply won’t be able to keep up.
The power players of consumer finance in the 21st century will be crypto-native companies who build with blockchain technology at their core.
The crypto landscape is still nascent. We’re still very much in the fragmented, unbundled phase of the industry lifecycle. Beyond what Genesis Block is doing, there are signs of other companies slowly starting to bundle financial services into what could be an all-in-one bank replacement.
So the key question that this series hopes to answer:
Which crypto-native company will successfully become the bank of the future?
We obviously think Genesis Block is well-positioned to win. But we certainly aren’t the only game in town. In this series, we’ll be doing an analysis of who is most capable of thwarting our efforts. We’ll look at categories like crypto exchanges, crypto wallets, centralized lending & borrowing services, and crypto debit card companies. Each category will have its own dedicated post.
Today we’re analyzing big crypto exchanges. The two companies we’ll focus on today are Coinbase (biggest American exchange) and Binance (biggest global exchange). They are the top two exchanges in terms of Bitcoin trading volume. They are in pole position to winning this market — they have a huge existing userbase and strong financial resources.
Will Coinbase or Binance become the bank of the future? Can their early success propel them to winning the broader consumer finance market? Is their growth too far ahead for anyone else to catch up? Let’s dive in.
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Binance

The most formidable exchange on the global stage is Binance (Crunchbase). All signs suggest they have significantly more users and a stronger balance sheet than Coinbase. No other exchange is executing as aggressively and relentlessly as Binance is. The cadence at which they are shipping and launching new products is nothing short of impressive. As Tushar Jain from Multicoin argues, Binance is Blitzscaling.
Here are some of the products that they’ve launched in the last 18 months. Only a few are announced but still pre-launch.
Binance is well-positioned to become the crypto-powered, all-in-one, bundled solution for financial services. They already have so many of the pieces. But the key question is:
Can they create a cohesive & united product experience?

Binance Weaknesses

Binance is strong, but they do have a few major weaknesses that could slow them down.
  1. Traders & Speculators Binance is currently very geared for speculators, traders, and financial professionals. Their bread-and-butter is trading (spot, margin, options, futures). Their UI is littered with depth charts, order books, candlesticks, and other financial concepts that are beyond the reach of most normal consumers. Their product today is not at all tailored for the broader consumer market. Given Binance’s popularity and strength among the pro audience, it’s unlikely that they will dumb down or simplify their product any time soon. That would jeopardize their core business. Binance will likely need an entirely new product/brand to go beyond the pro user crowd. That will take time (or an acquisition). So the question remains, is Binance even interested in the broader consumer market? Or will they continue to focus on their core product, the one-stop-shop for pro crypto traders?
  2. Controversies & Hot Water Binance has had a number of controversies. No one seems to know where they are based — so what regulatory agencies can hold them accountable? Last year, some sensitive, private user data got leaked. When they announced their debit card program, they had to remove mentions of Visa quickly after. And though the “police raid” story proved to be untrue, there are still a lot of questions about what happened with their Shanghai office shut down (where there is smoke, there is fire). If any company has had a “move fast and break things” attitude, it is Binance. That attitude has served them well so far but as they try to do business in more regulated countries like America, this will make their road much more difficult — especially in the consumer market where trust takes a long time to earn, but can be destroyed in an instant. This is perhaps why the Binance US product is an empty shell when compared to their main global product.
  3. Disjointed Product Experience Because Binance has so many different teams launching so many different services, their core product is increasingly feeling disjointed and disconnected. Many of the new features are sloppily integrated with each other. There’s no cohesive product experience. This is one of the downsides of executing and shipping at their relentless pace. For example, users don’t have a single wallet that shows their balances. Depending on if the user wants to do spot trading, margin, futures, or savings… the user needs to constantly be transferring their assets from one wallet to another. It’s not a unified, frictionless, simple user experience. This is one major downside of the “move fast and break things” approach.
  4. BNB token Binance raised $15M in a 2017 ICO by selling their $BNB token. The current market cap of $BNB is worth more than $2.6B. Financially this token has served them well. However, given how BNB works (for example, their token burn), there are a lot of open questions as to how BNB will be treated with US security laws. Their Binance US product so far is treading very lightly with its use of BNB. Their token could become a liability for Binance as it enters more regulated markets. Whether the crypto community likes it or not, until regulators get caught up and understand the power of decentralized technology, tokens will still be a regulatory burden — especially for anything that touches consumers.
  5. Binance Chain & Smart Contract Platform Binance is launching its own smart contract platform soon. Based on compatibility choices, they have their sights aimed at the Ethereum developer community. It’s unclear how easy it’ll be to convince developers to move to Binance chain. Most of the current developer energy and momentum around smart contracts is with Ethereum. Because Binance now has their own horse in the race, it’s unlikely they will ever decide to leverage Ethereum’s DeFi protocols. This could likely be a major strategic mistake — and hubris that goes a step too far. Binance will be pushing and promoting protocols on their own platform. The major risk of being all-in on their own platform is that they miss having a seat on the Ethereum rocket ship — specifically the growth of DeFi use-cases and the enormous value that can be unlocked. Integrating with Ethereum’s protocols would be either admitting defeat of their own platform or competing directly against themselves.

Binance Wrap Up

I don’t believe Binance is likely to succeed with a homegrown product aimed at the consumer finance market. Their current product — which is focused heavily on professional traders and speculators — is unlikely to become the bank of the future. If they wanted to enter the broader consumer market, I believe it’s much more likely that they will acquire a company that is getting early traction. They are not afraid to make acquisitions (Trust, JEX, WazirX, DappReview, BxB, CoinMarketCap, Swipe).
However, never count CZ out. He is a hustler. Binance is executing so aggressively and relentlessly that they will always be on the shortlist of major contenders.
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Coinbase

The crypto-native company that I believe is more likely to become the bank of the future is Coinbase (crunchbase). Their dominance in America could serve as a springboard to winning the West (Binance has a stronger foothold in Asia). Coinbase has more than 30M users. Their exchange business is a money-printing machine. They have a solid reputation as it relates to compliance and working with regulators. Their CEO is a longtime member of the crypto community. They are rumored to be going public soon.

Coinbase Strengths

Let’s look at what makes them strong and a likely contender for winning the broader consumer finance market.
  1. Different Audience, Different Experience Coinbase has been smart to create a unique product experience for each audience — the pro speculator crowd and the common retail user. Their simple consumer version is at Coinbase.com. That’s the default. Their product for the more sophisticated traders and speculators is at Coinbase Pro (formerly GDAX). Unlike Binance, Coinbase can slowly build out the bank of the future for the broad consumer market while still having a home for their hardcore crypto traders. They aren’t afraid to have different experiences for different audiences.
  2. Brand & Design Coinbase has a strong product design team. Their brand is capable of going beyond the male-dominated crypto audience. Their product is clean and simple — much more consumer-friendly than Binance. It’s clear they spend a lot of time thinking about their user experience. Interacting directly with crypto can sometimes be rough and raw (especially for n00bs). When I was at Mainframe we hosted a panel about Crypto UX challenges at the DevCon4 Dapp Awards. Connie Yang (Head of Design at Coinbase) was on the panel. She was impressive. Some of their design philosophies will bode well as they push to reach the broader consumer finance market.
  3. USDC Stablecoin Coinbase (along with Circle) launched USDC. We’ve shared some stats about its impressive growth when we discussed DeFi use-cases. USDC is quickly becoming integrated with most DeFi protocols. As a result, Coinbase is getting a front-row seat at some of the most exciting things happening in decentralized finance. As Coinbase builds its knowledge and networks around these protocols, it could put them in a favorable position to unlock incredible value for their users.
  4. Early Signs of Bundling Though Coinbase has nowhere near as many products & services as Binance, they are slowly starting to add more financial services that may appeal to the broader market. They are now letting depositors earn interest on USDC (also DAI & Tezos). In the UK they are piloting a debit card. Users can now invest in crypto with dollar-cost-averaging. It’s not much, but it’s a start. You can start to see hints of a more bundled solution around financial services.

Coinbase Weaknesses

Let’s now look at some things that could hold them back.
  1. Slow Cadence In the fast-paced world of crypto, and especially when compared to Binance, Coinbase does not ship very many new products very often. This is perhaps their greatest weakness. Smaller, more nimble startups may run circles around them. They were smart to launch Coinbase Ventures where tey invest in early-stage startups. They can now keep an ear to the ground on innovation. Perhaps their cadence is normal for a company of their size — but the Binance pace creates quite the contrast.
  2. Lack of Innovation When you consider the previous point (slow cadence), it’s unclear if Coinbase is capable of building and launching new products that are built internally. Most of their new products have come through acquisitions. Their Earn.com acquisition is what led to their Earn educational product. Their acquisition of Xapo helped bolster their institutional custody offering. They acqui-hired a team to help launch their staking infrastructure. Their acquisition of Cipher Browser became an important part of Coinbase Wallet. And recently, they acquired Tagomi — a crypto prime brokerage. Perhaps most of Coinbase’s team is just focused on improving their golden goose, their exchange business. It’s unclear. But the jury is still out on if they can successfully innovate internally and launch any homegrown products.
  3. Talent Exodus There have been numerous reports of executive turmoil at Coinbase. It raises a lot of questions about company culture and vision. Some of the executives who departed include COO Asiff Hirji, CTO Balaji Srinivasan, VP & GM Adam White, VP Eng Tim Wagner, VP Product Jeremy Henrickson, Sr Dir of Eng Namrata Ganatra, VP of Intl Biz Dan Romero, Dir of Inst Sales Christine Sandler, Head of Trading Hunter Merghart, Dir Data Science Soups Ranjan, Policy Lead Mike Lempres, Sr Compliance Vaishali Mehta. Many of these folks didn’t stay with Coinbase very long. We don’t know exactly why it’s happening —but when you consider a few of my first points (slow cadence, lack of innovation), you have to wonder if it’s all related.
  4. Institutional Focus As a company, we are a Coinbase client. We love their institutional offering. It’s clear they’ve been investing a lot in this area. A recent Coinbase blog post made it clear that this has been a focus: “Over the past 12 months, Coinbase has been laser-focused on building out the types of features and services that our institutional customers need.” Their Tagomi acquisition only re-enforced this focus. Perhaps this is why their consumer product has felt so neglected. They’ve been heavily investing in their institutional services since May 2018. For a company that’s getting very close to an IPO, it makes sense that they’d focus on areas that present strong revenue opportunities — as they do with institutional clients. Even for big companies like Coinbase, it’s hard to have a split focus. If they are “laser-focused” on the institutional audience, it’s unlikely they’ll be launching any major consumer products anytime soon.

Coinbase Wrap Up

At Genesis Block, we‘re proud to be working with Coinbase. They are a fantastic company. However, I don’t believe that they’ll succeed in building their own product for the broader consumer finance market. While they have incredible design, there are no signs that they are focused on or capable of internally building this type of product.
Similar to Binance, I think it’s far more likely that Coinbase acquires a promising young startup with strong growth.

Honorable Mentions

Other US-based exchanges worth mentioning are Kraken, Gemini, and Bittrex. So far we’ve seen very few signs that any of them will aggressively attack broader consumer finance. Most are going in the way of Binance — listing more assets and adding more pro tools like margin and futures trading. And many, like Coinbase, are trying to attract more institutional customers. For example, Gemini with their custody product.

Wrap Up

Coinbase and Binance have huge war chests and massive reach. For that alone, they should always be considered threats to Genesis Block. However, their products are very, very different than the product we’re building. And their approach is very different as well. They are trying to educate and onboard people into crypto. At Genesis Block, we believe the masses shouldn’t need to know or care about it. We did an entire series about this, Spreading Crypto.
Most everyone needs banking — whether it be to borrow, spend, invest, earn interest, etc. Not everyone needs a crypto exchange. For non-crypto consumers (the mass market), the differences between a bank and a crypto exchange are immense. Companies like Binance and Coinbase make a lot of money on their crypto exchange business. It would be really difficult, gutsy, and risky for any of them to completely change their narrative, messaging, and product to focus on the broader consumer market. I don’t believe they would ever risk biting the hand that feeds them.
In summary, as it relates to a digital bank aimed at the mass market, I believe both Coinbase and Binance are much more likely to acquire a startup in this space than they are to build it themselves. And I think they would want to keep the brand/product distinct and separate from their core crypto exchange business.
So back to the original question, is Coinbase and Binance a threat to Genesis Block? Not really. Not today. But they could be, and for that, we want to stay close to them.
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Can't wait days for your deposit to be available for trading? Margin buy can help!

Let's say today I see bitcoin dropping, and I want to stack some sats!!!
But a bank transfer takes 3 to 5 days.
How do I gain exposure to the exchange rate right now?
Well, some exchanges, such as Gemini, will let me buy bitcoin without waiting for the bank transfer. I can't withdraw that bitcoin, but I at least I can get exposure to the BTC/USD exchange rate immediately.
Or I can buy immediately at some overpriced online store, or bitcoin ATM even, and get the coins today. But paying an 8% premium means even if the bitcoin exchange rate rebounds, rising by 6% by tomorrow, I am still underwater on that purchase.
Nope -- that's not ideal either.
Bu you cant, if you have the ability and willingness to expose yourself to a little risk, use margin trading to grab the BTC at the price where it is today, and then later when your fiat transaction clears, close or settle that margin long position and end up with BTC itself that you can then withdraw.
Here's an example. Today I have an account on Kraken and have margin trading enabled. I have a balance of $100 USD. I could then buy a 0.055 BTC position on margin (~$500 USD), which puts me in the position of 5:1 leverage. My $100 USD gave me $500 of buying power (5:1 can also be referred to as 5x leverage).
Then I begin my deposit of $500 to Kraken. When that's available later, I then "settle" the position. The $500 I deposited is used to settle, and I can then withdraw the 0.055 BTC (less some small fees). If if the BTC/USD price rose to $20,000 two days later, I could still settle to receive the 0.055 BTC with just the ~$500 that arrived.
The risk in doing this, of course, is that what if the exchange rate were to have a flash crash, ... e.g., down to $7,000? Well, then my margin position would have been insufficient for such an occasion, and my position would be liquidated and I would lose my $100 USD that was used as collateral.
So I'm sharing this in case it is useful to others -- especially those struggling with slow deposits using funds from their bank.
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As the 4th Bitcoin Gaining Cycle Comes, How to Maximize Your Profit and Avoid the Risks?

Background:
By reviewing the bitcoin market movements last month, the bitcoin price on Nov. 1st was $9,054. When the end of Nov came, the bitcoin price dropped to $7,318.
As the historical trend of bitcoin has gone, the bitcoin price has been through 3 cycles of gaining:

  1. From 2009.01 to 2013.04, the bitcoin price rose from $0 to $198. At the initial point of the 1st period, the bitcoin had no price, and its value was defined by Satoshi Nakamoto and other early miners. At that time, bitcoins had nowhere to trade, the early miners only could hold it. It is one of the reasons why the bitcoin price pumps or dumps sharply because the early holders can choose anytime to sell it and quit. In the middle of 2010, the first bitcoin exchanges such as Mt.Gox launched. And as exchanges like Bitstamp, Kraken and Coinbase started operating, the era of “Bitcoin Online Trading” came, and the bitcoin price had soared to $198.
  2. As the bitcoin price firstly touched $198, some of the early miners started selling the bitcoins they hold for arbitrage. When the date past 2013.07, the bitcoin price fell to $69. Then, the bitcoin price boomed to $1,000 when some of the institutions with a traditional financial background and some personal investors injected capital into the bitcoin market in the second half of 2013.
  3. In early 2014, the biggest heist of bitcoin on Mt.Gox happened urged the bitcoin price to slump. the bitcoin price did not go back to $1,000 until Feb 2017. And as the ICO projects got popular and the fork of bitcoin happened, the trading volume of bitcoins reached the peak and the price of bitcoin also reach the peak of $20,000.
After reviewing the gaining cycles of the bitcoin price until now, the corollary that we are now going through the fourth cycle.
Just as the financial history repeats itself, the percentage of holding bitcoin more than 12 months has decreased to 40%, which is similar to the situation that the last time the bitcoin price boomed to $1,000. We can easily draw a conclusion that the decentralization of bitcoin holding means that the trading demand of bitcoin is increasing. And when the bitcoin trading becomes diversified with the bitcoin finance derivatives became more and more robust, more and more financial institutions and personal investors will enter the bitcoin market. Thus, in the next period, the bitcoin price will present an uptrend in total.
So, how to achieve the benefit maximization and avoid the risk when the fluctuations happen in this period?

Hedging is definitely an important part you should plan for your bitcoin trading. With hedging work for your trading, you will avoid the risk of holding a bitcoin but the price drops in some time.
For example, 3 weeks ago, the bitcoin price decreased from $8,150 to $6,665, if you hold 1 bitcoin, then you would lose $1,485 during this decline. However, if you chose bitcoin derivatives such as futures or options to buy a contract for BTC Short, then you will save $1,458 loss when the bitcoin price dropped.
Here are two solutions I’ve mentioned above: Futures&Swap, Options.
  1. In futures trading, you can open leveraged BTC Short contracts with the principal, margins and fees. If you hold 1 bitcoin at that time, and you select the leverage in 20X, to save the loss of $1,485, you will need the principal in $400, and the margins at least 0.00024 BTC (but usually you will need to input more to prevent from liquidation). It is a useful way for you to hedge the risk of holding 1 bitcoin.
  2. In options trading, for example, if you open a 7-days put contract on BitOffer Bitcoin Options, usually it only needs around $200. Moreover, it does not request any margin and any fees.
Here is how it works:
When you hold a 7-days put contract, if bitcoin price drops from $8,000 to $7,000, you will earn $1,000 profit, and in total, your loss of the bitcoin you hold will be hedged because you earn $1,000 from BitOffer Bitcoin Options.
What if the bitcoin price rises from $8,000 to $9,000?
You will lose $200 with the 7-days put contracts you buy, but you still earn $1,000 with the bitcoin you hold.
BitOffer Bitcoin Options, the best hedging tool ever, is now the easiest and cheapest hedging solutions you can see in the market.
Ending:
With an effective hedging strategy, I deeply trust you all should be able to maximize your profit and avoid the risk even the bitcoin market fluctuates acutely like always.
submitted by SorosLamfer to u/SorosLamfer [link] [comments]

Derivative Market Landscape: Daily Trading Volume Over $20 billion and Leveraged ETF Becoming New Growth Point

Exchanges are always in the front line of innovative products. There have emerged such new products and playing methods as IEO, delivery contract, margin trading, futures, leveraged ETF, staking service, etc. since 2019, which injects vitality to the crypto-market and becomes the powerhouse for the innovative development of the blockchain industry.
Compared to the marketing/operation methods with short period effect, derivatives in cryptocurrency market is the most potent weapons that will last a long period. The derivatives are going to a higher level as its trading volume increases day by day. Therefore, the derivatives are becoming another main battlefield that every exchange want to conquer.
PAData analyzed the trading data of the top 5 exchanges with largest market shares on contracts and the 2 exchanges that first rolled out leveraged ETF, to have a look at the performance of derivatives among different exchanges, as well as the product iteration logics in crypto-market.
01
Crypto-market Mimics the Traditional Financial Market
First, the top-layer design of supervision policy makes the crypto-market similar to traditional financial market. Regulators often formulate relevant supervision policies for crypto market based on the rules for traditional financial assets and financial risks as the crypto-market is a newly born behind the traditional finance market, “For example, the licenses for the digital-asset industry often evolve from the traditional ones and become the specific supervision licenses for the industry.” said by an entrepreneur in crypto world with traditional finance background.
Second, the roles of participants in crypto market is also similar to traditional financial market. Except for the different exchanges that take up the lion share of the market, the professional broker, custody institution, loan/lending platform, dark pool, etc. have all emerged.
Third, what crypto market learns most from the traditional market is the product design. The new project subscription, futures, leveraged ETF, contract in the newly-born crypto market are all coming from traditional market. Take leveraged ETF on MXC Exchange as an example. Learned from the ETF mechanism in traditional market, MXC leveraged ETF tracks the daily movement of the crypto underlying asset with 3 times leverage. For instance, if the underlying asset rises 1%, the corresponding ETF products will rise/fall 3%. Essentially, investing on leveraged ETF is similar to purchasing futures fund with leverage. At the moment, MXC launched 3x leveraged ETF products for BTC, ETH, BSV, BNB and other top market cap coins.
Last but not the least, the derivatives, like IEO, ILO, perpetual contract are also coming from traditional market. Are these derivatives suitable for the crypto market? What are their trading volumes?
02
Differential Competitive Edge Among Exchanges
Presently, the main derivative in crypto market is contract, including delivery contract, perpetual contract and some futures contract. Besides, ETF (1x leverage) and leveraged ETF are catching up, taking up some market shares. PAData, based on the ranking list of CoinGekco, picked the top 10 exchanges with largest trading volumes on derivatives to analyze their advantages.
According to stats, 8 among 10 exchanges have business on perpetual contract. FTX, a derivative exchange, has the largest number of perpetual contracts of 30, followed by Gate.io and Binance with 23 and 18 respectively. 7 exchanges roll out delivery contract where OKEx has a total of 135, more than two times of the second place – FTX’s 60 delivery contracts. In addition, Kraken and Huobi DM also launch some delivery contracts.
As an emerging product, only 2 exchanges involve business on leveraged ETF, but the total number of leveraged ETF products has exceeded that of the perpetual contracts. FTX launched 111 ETF pairs, while MXC listed 30 as of December last year. MXC Exchange is famous for “Efficient and Fast”. It can be predicted that more leveraged ETF products will be listed in the near future.
From the allocation of derivatives among exchanges, we can see the differential competitive edge for derivatives has shaped. OKEx is robust on delivery contract, Huobi lays focus on delivery contract, Binance aims for perpetual contract, and MXC seeks development on leveraged ETF.
03
Daily Trading Volume for Contract Over $20 billion
According to the sectional static data of CoinGekco on February 12, OKEx, Huobi, BitMEX, Binance and Deribit are the top 5 exchanges with largest amount of open positions in 24 hours. The total opening positions on OKEx ranked first with amount reaching $1.846 billion. Huobi and BitMEX closely followed with amount over $1 billion respectively. These three exchanges take lions share in the contract market. While the 24h opening position amount on Binance and Deribit is about $400 million respectively, far lower than the top 3 exchanges.
The total amount of opening position for contract is one of the criteria to judge the activeness and liquidity of the contract market, the other is the daily trading volume. According to stats, the 24h nominal trading volume among 25 exchanges breaks the mark of $27.533 billion, among which the trading volume on OKEx, Huobi, BitMEX, Binance and Deribit accounts for 73%, taking most of the contract market.
Though the stats for the 24h opening position amount and the trading volume includes the margin trading, we still can learn that the contract trading volume on some exchanges is very close to that of the spot trading. It fully indicates how popular the contract trading is.
04
Maximum leveraged ETF yields up to 2000%
Although futures trading is very popular, but they are not very friendly to investors. Investors need to master some practical skills, and once the position is closed-out, the losses will be quite tragic. For example, on the evening of February 13, when BTC dropped from about $ 10,200 to about $ 10,100, according to the statistics of the contract emperor, there were a total of 13,400 accounts went close out in just 24 hours, and the total amount of positions in 1 hour reached 82.31 million. Futures have become a weapon for the capitals and make most of us look like a fool.
The high operating threshold and high risk of cryptocurrency investment have always been an important factor hindering cryptocurrencies to enter the mainstream market. In order to find new increments, the exchange has been exploring low-operation threshold, low-risk, high-yield products, this is the inherent logic and motivation for the development of cryptocurrency derivatives. For example, the leveraged ETF launched by MXC is in line with this trend. Investors can buy leveraged ETFs on MXC just as they would for spots, without paying a deposit, and without having to take the risk of liquidation. They can also receive compound interest returns. MXC also incorporates 100% of fee income into its monthly plan to repurchase and burn MX tokens, forming positive investment feedback for the exchange's internal product system.
At present, there are only two exchanges that launch leveraged ETF products on the market: FTX and MXC. According to CoinGekco's statistics, the 24-hour estimated total transaction value (USD) of the two exchanges is close to 4 million US dollars. The single-day estimated total transaction amount of each leveraged ETF product is approximately $ 3.7843 million, and the single-day estimated total transaction amount of 111 leveraged ETF products listed on FTX is approximately $ 3.9346 million.
The average daily trading volume of the top 10 trading pairs on MXC ETF product is approximately $ 320,500, with the highest daily trading volume being 3 times long BSV leverage ETF, reaching $ 529,300. The average daily trading volume of the top 10 trading pairs on FTX ETF product is approximately $ 173,900, with the highest daily trading volume being 3 times long BTC leveraged ETF, which reached $ 326,500. Excluding the impact of the number of products, the estimated daily trading volume of a single leveraged ETF product on MXC is definitely higher.
It can be found that the trading volume of a leveraged ETF with a 3x long position is much higher than that of a leveraged ETF with a 3x short position. The 10 trading pairs with the most trading volume on MXC are all 3x long trading pairs. 9 out of 10 the trading pairs on FTX are also all 3 times long trading pairs, which shows that the current market sentiment is mainly bullish.
In addition, the top ten trading pairs on MXC with the largest trading volume are mainly production reduction tokens and platform tokens, which are more consistent with the current mainstream capital flows. This reflects the best applicable scenario of leveraged ETF, that is, in unilateral or trend markets, the performance and advantages of leveraged ETF will be very obvious, and investors often can receive returns higher than the leverage multiple.
According to statistics, the highest average return [1] of the ten leveraged ETF trading pairs with the highest trading volume on MXC is 611.14%, the lowest average return is -25.8%, and the current average return is 428.96%. Among them, the 3 times long BSV has the highest return to 1998.60% on USV3L / USDT trading pair .
However, FTX's leveraged ETF returns are much lower. The highest average return of the top ten trading pairs is 141.94%, the lowest average return is -90.07%, and the current average return is -2.98%. Among them, the highest return is 3 time short BSV trading pair BSVBEAR / USD yields about 591.38%.

The leveraged ETF products of the two exchanges have huge differences in returns. In addition to currency differences, the factors that affect the returns also include the exchange's risk control system and team configuration. According to the publicly disclosed data of MXC, the leveraged ETF of MXC is managed by the platform or a fund manager recognized by the platform, and the platform announces the fund's net value in real time in order to maintain a high degree of transparency and control risks.
05
The traceability of leveraged ETF’s target has a lot of room to grow
According to statistics, the average daily trading volume of all leveraged ETF trading pairs on the two exchanges is about 21% of the spot [2] single-day trading volume, MXC is around 22.44%, and FTX [3] is around 19.96% . Although the leveraged ETF has not been available for a very long time, its market share are already become significant.
At present, the asset tracked by the leveraged ETF is still a single token. However, in the traditional financial field, the underlying assets tracked by ETF already include stock indexes, style indexes, industry indexes, commodity indexes, currencies, commodities and more. In the future, the innovation of leveraged ETF in the cryptocurrency market can be used in many assets. For instance, only at the underlying level of assets, indexes and currency combinations will all be included.
Competition between exchanges is very fierce. In this case, each exchange must not only compete for products, services, and marketing, but also for updating speed, especially for product innovation and iteration speed. For example, MXC is faster than FTX to launch some much more popular investment targets like reduced production tokens and platform tokens. In addition, in terms of the current competitive situation, first come, first served may become the norm in the market, such as the advantages of OKEx in the futures field and the advantages of MXC in the leveraged ETF field.
Data Explanation:
[1] Here the highest income refers to the instantaneous return from the daily opening price to the highest price, the lowest income refers to the instantaneous return from the daily opening price to the lowest instant price, and the current income refers to the opening price from the daily level to the closing price on February 12. Instantaneous return. Revenue statistics are for reference only and do not constitute investment advice.
[2] Although FTX is a derivative exchange, according to CoinGekco's statistics, ETFs, leveraged ETFs, and other trading pairs (non-futures contracts) are recorded as spot, so the "spot" statistical caliber here is the transactions of non-futures in CoinGekco Correct.
[3] The statistics of FTX leveraged ETFs here excludes 1x leveraged trading pairs.
submitted by SimonZhu666 to MXCexchange [link] [comments]

Margin trading on Kraken: exactly what does opening and closing a leveraged position do?

Got a question regarding leveraged (margin) trading on Kraken. Suppose the current Bitcoin price is $5000 and I have $2500 on my account. I could just buy 0.5 BTC, but instead I would like to open a long margin position with 3x leverage.
So I do New Order, Intermediate, set Leverage to 3, and I buy 0.5 BTC. What happens now? Is the $2500 reduced from my account balance, and 0.5 BTC added, and the trade remains in my 'Positions' tab? Or is it something else, to reflect that my 0.5 BTC is 'locked' in this margin trade while the position is open?
Then suppose the Bitcoin price goes up by $500. Am I correct in thinking that my (unrealized) profit is now $750, because my position is 0.5 BTC at 3x leverage?
Now suppose at this point I want to close the trade i.e. take profit. From what I understand I have then to do a counter trade, i.e. do a margin trade in the opposite direction. So in this case I margin sell 0.5 BTC (regardless of what leverage) and then what? Am I now left with $3250 and no BTC in my account, and no remaining open positions?
PS. not taking trading fees into account here, obviously the actual numbers would be slightly less. And for simplicity I'm assuming market or limit orders here that are filled at the given example prices.
submitted by Crypto_Joey to Bitcoin [link] [comments]

Kraken Support Number ///////////////////////////{+1(888)-780-0222}////////////////Get Help Now ////////////////////////

Kraken Support Number.US !!!!!!!!!!+1(888)-780-0222 !!!!!!!!!! Get Help Nwow Toll Free [email protected]#$%&

📷
Founded in 2011, Kraken is a cryptocurrency exchange based in San Francisco, California.
Kraken.com has quickly become one of the world’s leading cryptocurrency exchanges and is #1 when it comes to Euro liquidity and volume. Kraken offers Bitcoin (BTC) and Ethereum trading for its users.
While Kraken is the leader amongst cryptocurrency exchanges that deal in Euros, Kraken also trades in other fiat currencies such as United States Dollars, British Pounds, Japanese Yen, and Canadian Dollars.
This platform allows Kraken customers to utilize margin trading, which as an opening fee of 0.01% and a rollover fee of 0.01% per four hours. For users wishing to open an advanced account, extra criteria must be met. If you are a United States citizen, you’ll need to provide your SSN. If you’re a citizen of Germany or Japan, your account will require additional ID authentication.
Given that the exchange is so popular, it’s only natural that users want to know how to contact Kraken’s customer service team.
Like other exchanges, Kraken has seen a recent surge in new users, which has left their customer support struggling to keep up with increased user inquiries.
As of April 6, 2018, Kraken users can contact the customer support team by submitting a request, using Twitter, or referencing the Kraken support database or frequently asked questions (FAQ) page.
Submit a Request
Users who wish to contact Kraken can submit a request here.
Users select from a list of types of issues, which include the following:
Once selecting an issue type, users have to fill out a number of fields.
For example, for login issues, users have to submit the following:
  1. Their email address
  2. Subject
  3. Explanation of the problem
  4. Kraken account ID or email of the account that the user can’t access
  5. Reason for lost access (Lost Two-factor Authentication – 2FA – Device/Forgot 2FA Password, Can’t Reset Password, Locked Account Accidentally, Unsure)
  6. Approximate date of last successful login
  7. Approximate Kraken account balances
  8. Whether the Kraken account is an individual or business account
  9. CAPTCHA anti-spam box
submitted by Crafty-Builder to u/Crafty-Builder [link] [comments]

Kraken Support Number.US !!!!!!!!!!+1(888)-780-0222 !!!!!!!!!! Get Help Nwow Toll Free [email protected]#$%^&

Founded in 2011, Kraken is a cryptocurrency exchange based in San Francisco, California.
Kraken.com has quickly become one of the world’s leading cryptocurrency exchanges and is #1 when it comes to Euro liquidity and volume. Kraken offers Bitcoin (BTC) and Ethereum trading for its users.
While Kraken is the leader amongst cryptocurrency exchanges that deal in Euros, Kraken also trades in other fiat currencies such as United States Dollars, British Pounds, Japanese Yen, and Canadian Dollars.
This platform allows Kraken customers to utilize margin trading, which as an opening fee of 0.01% and a rollover fee of 0.01% per four hours. For users wishing to open an advanced account, extra criteria must be met. If you are a United States citizen, you’ll need to provide your SSN. If you’re a citizen of Germany or Japan, your account will require additional ID authentication.
Given that the exchange is so popular, it’s only natural that users want to know how to contact Kraken’s customer service team.
Like other exchanges, Kraken has seen a recent surge in new users, which has left their customer support struggling to keep up with increased user inquiries.
As of April 6, 2018, Kraken users can contact the customer support team by submitting a request, using Twitter, or referencing the Kraken support database or frequently asked questions (FAQ) page.

Submit a Request

Users who wish to contact Kraken can submit a request here.
Users select from a list of types of issues, which include the following:

Once selecting an issue type, users have to fill out a number of fields.
For example, for login issues, users have to submit the following:

  1. Their email address
  2. Subject
  3. Explanation of the problem
  4. Kraken account ID or email of the account that the user can’t access
  5. Reason for lost access (Lost Two-factor Authentication – 2FA – Device/Forgot 2FA Password, Can’t Reset Password, Locked Account Accidentally, Unsure)
  6. Approximate date of last successful login
  7. Approximate Kraken account balances
  8. Whether the Kraken account is an individual or business account
  9. CAPTCHA anti-spam box
submitted by UnitedLoss to u/UnitedLoss [link] [comments]

Do Coinbase take a Margin?

So I want to trade bitcoin on coinbase and coinbase pro.
Why is the 5% fee so high on coinbase pro compared to other exchanges such as Kraken and CEX?
Also if you change between BTC and USDC on normal Coinbase what price is used? As for example I trade $1000 for BTC, they give me a price with a 5-10% margin?
submitted by iDeanoo to CoinBase [link] [comments]

BitOffer Institute: Parse of Bitcoin Options by Lucian, Chief Analyst

BitOffer Institute: Parse of Bitcoin Options by Lucian, Chief Analyst

https://preview.redd.it/97g8khceloh41.png?width=1501&format=png&auto=webp&s=2949f176163b5559dd487efe77891a6877fbe0d2
The last October, BitOffer officially launched Bitcoin Options, which was the first intraday Bitcoin Options that requires 0 fees, 0 margins, and no exercise, and be able to reach 2,000X leverage. The most significant feature of BitOffer Bitcoin Options is that the investors are enabled to earn a thousand times payoff whether the bull market or bear market. The purpose of launching Bitcoin Options is to provide investors an accurate hedge tool and an extra trading product. It is worth mentioning the price index of BitOffer Bitcoin Options is a weighted average of bitcoin prices from selected exchanges( Including:Kraken,Bitstamp,Coinbase,Bitfinex,Huobi,Binance,OKEX) with significant trading volumes, which makes it fair and transparent.
Q: What is Bitcoin Options?
Lucian: Bitcoin Options is a prediction of the movement of Bitcoins in the future. Essentially, it operates like the spot trading, but it allows the investors to buy call or put: Call when the investors expect the market to be bullish, Put when the investors expect the market to be bearish. Its profit formula is the same as that of the spot trading: Within the Options contract period, the investors would earn the price spread if the investors choose the correct direction. In short, BitOffer Bitcoin Options allows the investors to use a small budget to bet the change of the Bitcoins in the future and earn a considerable profit.
Q: How do we trade Bitcoin Options?
Lucian: BitOffer Bitcoin Options supports 2-mins, 5-mins, 1-hour, 4-hours, 12-hours, 1-day and 7-day contract period for investors to choose.
For example, the Bitcoin price now is $10,000, and you hold the view that the Bitcoin price will rise in an hour, then you buy a 1-hour call options contract with $10. After then, the Bitcoin price rises by $500 in an hour, you will earn $500 as profit when the contract settled, which means that you will earn a 50 times payoff as a return.
Q: Is Bitcoin Options the best hedge tool ever?
Lucian: BitOffer Bitcoin Options, the most innovative Bitcoin Options, is the best hedge tool ever for Bitcoin trading on the spot trading.
Then, how do the investors hedge their Bitcoin trading from the risk of the Bitcoin prices decreases?
For example, now the Bitcoin price is $10,000. When it rises to $11,000, the profit will be $1,000.
However, what if it falls to $9,000? If you do not hedge your Bitcoin trading, you would directly lose $1,000.
If you hedge your Bitcoin trading by buying a put options contract with $10, when the Bitcoin price drops from $10,000 to $9,000, you would earn $1,000 from the put options contract. Thus, your $1,000 loss on the spot trading would be hedged. This is how Bitcoin Options attracts investors.
Q: Which exchanges offer Bitcoin Options?
Lucian: There are few exchanges that offer Bitcoin Options now. Only BAKKT, CME, BitOffer, Binance JEX, OKEx, etc. do, but except BitOffer, the Bitcoin Options offered by the others belong to European Options, which means investors need to buy a whole Bitcoin, otherwise, they will only be able to give it up and lose the options premium. However, BitOffer Bitcoin Options is much simpler due to its features of 0 margins, 0 fees, and no exercise requirement.
Q: For newbies, which is much more suitable? Options trading or spot trading?
Lucian: The essences of Bitcoin Options and the spot trading are the same because a Bitcoin Options contract equals to the right of holding a Bitcoin.
We can make a simple comparison of Bitcoin Options and the spot trading:
When the Bitcoin price is $10,000,
  1. Buying a Bitcoin needs $10,000;
  2. Buying a Bitcoin Options contract needs a minimum of $5.
If the Bitcoin price rises from $10,000 to $10,500, you would earn $500 in both.
The payoff of these two is the same, but the budgets have a 200-fold difference.
On the contrary, when the Bitcoin price falls, if you predict the wrong direction, your largest loss in Bitcoin Options will only be the premium of your Bitcoin Options contract, which means you will only lose $5. The payoffs of the spot trading and Bitcoin Options are the same, but the budget of investing in Bitcoin Options is much lower, which makes the risk become lower.
Q: Are investors able to experience Bitcoin Options for free?
Lucian: For now, BitOffer is holding campaigns for Bitcoin Options, the date of the campaign now is 2020.2.14 09:00 to 2020.2.28 09:00 (UTC+8). In this period, new registrations on BitOffer will receive 50 USDT on their bonus account to experience Bitcoin Options for free. Moreover, the 50 USDT for experiencing Bitcoin Options is allowed to withdraw after applying.

https://preview.redd.it/q4vo83ikloh41.png?width=1456&format=png&auto=webp&s=4f5a686240a954b61f9e605f3c814a988c74ab9d
submitted by Bitoffer_Official to BitOffer_Official [link] [comments]

The Impending Meta Shift & Patch Thoughts

Alright, there's been a lot of complaints and people's two cents regarding the new update, but I figured I might help out and give some helpful insight if it's worth anything.

The new update's matchmaking:
"Improved Faction War Matchmaking"
"...produce more meaningful and informed matchups".
Is it more meaningful? Hell no. Is it informed? That's up to you to figure out by yourself. What I learned from that itty-bitty of information is that: no, the "fairness" hasn't been fixed entirely, but there have been improvements.
For example, you don't nearly get as much FX60 + 2 level 10s when you have a balanced team.
But wait, literally, that's all that has changed. Is it fixed? Not really. If you field a team of 3 F0 50s, you'll most likely be matched up against some F2-F4 50s, which makes absolutely no sense. However, if you take a look at equipment, you'll realize they play a major factor in the new matchmaking, similar to how they boost quest success %. What I mean is, if you go about a balanced team without equipment, that's most likely going to have a fair matchup. If you have decent gear equipped, you'll get bare opponents that have better stats, or another balanced team with similar equipment.
I don't fully agree with this, as a bare F4 50 is far better than a simple F0 50 with decent gear. Is it better than coming across the douchebag with a FX 60 Jade and 2 level 1s? Yes, but marginally.
Why?
"New AI"
As daunting as that sounds, the new AI actually gives matches a sense of challenge. Before, with decent team pairings or one great solo card, you could tap away and grind through FW or any ladder for that matter. Now, you actually have to focus. That's not so bad for players who have gotten bored with simply tapping.
But, that's now a new issue for the older players. We have been tapping away blindly for months, and now we have to "block". That's not so bad as re-learning the game fundamentals to become a better player if this game really was PVP.
That being said, it's not so simple as re-learning some tricks. It's far more annoying.
The new AI literally is optimized to attack before your combos, and their SPs have a higher priority of activating than yours. No matter what you do, you can't play against an AI that attacks at the millisecond between your chains or the gambit when you proc your SP, but they somehow get theirs off first.
Now, this is where I am talking about a new meta.
Previously, if "meta" held any meaning in MKMobile, would be OP cards and that's about it. Maybe smarter players will concoct good team synergies, but that's pretty rare. Now, the meta is shifting to beating down the AI in a different way.

What I mean by that is, before, a decent solo kard gets you pretty damn far, but not anymore. Even if you have a card that has a far higher level or fusion level, it won't be enough to curb stomp that FX 60 Injustice Scorpion. Now, you really need a kard that focuses on a few things:
  1. Tag-in effects such as stun
  2. Block-breaking basics (stun, or just block break)
  3. Block-breaking SPs
  4. Nuke SP1s
  5. Higher combo-ender chance, or a combo that "pushes" the opponent away.
Let me explain why I came to these conclusions:
  1. As soon as you tag in, the AI is relentless. There's a window of lag between your tag-in and the first basic you get off. And don't even think about pulling off an SP the second you land either. Your odds are worse than a coin flip to get that off before they get their's off
  2. Block breaking gear has always been amazing, and it's even more valuable now. AIs were notorious for blocking nearly all the damn time, but now, there's almost little to no window to get off a successful SP without block breaking gear or them being stunned.
  3. If there's no block-breaking gear available for you, or you simply can't wait for the 20% chance of unblockable basics, a kard with block-breaking SPs is great. Get those SPs off ASAP you can. Don't hesitate in this current meta.
  4. With how many power-drain kards there are, it is unlikely you'll build up successfully to a SP2, let alone a Fatal/X-ray. On the other hand, you will probably be chained to oblivion before you get there either. Therefore, some kard with a high-dmg SP1 will be your bread and butter.
  5. This is one of the frustrating things I came across. Kards that end their combo, or their combo-ender without "pushing" away the opponent a little, are completely open to counters at the end of their combos. Not to mention, they were probably blocking the whole time, so this "combo trade" is definitely NOT in your favor.

Alright, and I know I'm going to get flak for this, but let me explain some kards I found...interestingly powerful or devastatingly disappointing.
The Good:

The Bad:

These are just some insights I found playing an entire day into this game. Several hours of completing those godforsaken Elder God challenges, and I'm sure I've gotten a hang of it. It's still hard to adjust to losing maybe 1 out of 5 matches in FW, but I'm sure I'll get the hang of it.
Before we had free reign to synergize kards based on passives, but now we're limited to how much they can actually do, aside from just "sounding good" on paper. And, for those dickwads who still think they're able to get away with 1 or 2 strong kards in their team and 1 shitty kard, you really can't.
On another note, I'm more or less neutral about this patch. I don't love or hate the AI, but it's certainly a curveball. On the bright side, FW rubies have become easier to obtain, and we did get a new level for challenges. Also, new background and improved graphics are always appreciated.
Since Kabal hasn't actually arrived, I'm not going to speculate whether he's a great addition or not.
Overall, the patch wasn't nearly as disappointing as the last patch, and I do feel the game devs are actually trying to improve the game, but probably just not in the right direction...yet? *fingers crossed*
submitted by mirururuku to mkxmobile [link] [comments]

As the 4th Bitcoin Gaining Cycle Comes, How to Maximize Your Profit and Avoid the Risks?

As the 4th Bitcoin Gaining Cycle Comes, How to Maximize Your Profit and Avoid the Risks?


Background:
By reviewing the bitcoin market movements last month, the bitcoin price on Nov. 1st was $9,054. When the end of Nov came, the bitcoin price dropped to $7,318.
As the historical trend of bitcoin has gone, the bitcoin price has been through 3 cycles of gaining:


  1. From 2009.01 to 2013.04, the bitcoin price rose from $0 to $198. At the initial point of the 1st period, the bitcoin had no price, and its value was defined by Satoshi Nakamoto and other early miners. At that time, bitcoins had nowhere to trade, the early miners only could hold it. It is one of the reasons why the bitcoin price pumps or dumps sharply because the early holders can choose anytime to sell it and quit. In the middle of 2010, the first bitcoin exchanges such as Mt.Gox launched. And as exchanges like Bitstamp, Kraken and Coinbase started operating, the era of “Bitcoin Online Trading” came, and the bitcoin price had soared to $198.
  2. As the bitcoin price firstly touched $198, some of the early miners started selling the bitcoins they hold for arbitrage. When the date past 2013.07, the bitcoin price fell to $69. Then, the bitcoin price boomed to $1,000 when some of the institutions with a traditional financial background and some personal investors injected capital into the bitcoin market in the second half of 2013.
  3. In early 2014, the biggest heist of bitcoin on Mt.Gox happened urged the bitcoin price to slump. the bitcoin price did not go back to $1,000 until Feb 2017. And as the ICO projects got popular and the fork of bitcoin happened, the trading volume of bitcoins reached the peak and the price of bitcoin also reach the peak of $20,000.
After reviewing the gaining cycles of the bitcoin price until now, the corollary that we are now going through the fourth cycle.
Just as the financial history repeats itself, the percentage of holding bitcoin more than 12 months has decreased to 40%, which is similar to the situation that the last time the bitcoin price boomed to $1,000. We can easily draw a conclusion that the decentralization of bitcoin holding means that the trading demand of bitcoin is increasing. And when the bitcoin trading becomes diversified with the bitcoin finance derivatives became more and more robust, more and more financial institutions and personal investors will enter the bitcoin market. Thus, in the next period, the bitcoin price will present an uptrend in total.
So, how to achieve the benefit maximization and avoid the risk when the fluctuations happen in this period?


Hedging is definitely an important part you should plan for your bitcoin trading. With hedging work for your trading, you will avoid the risk of holding a bitcoin but the price drops in some time.
For example, 3 weeks ago, the bitcoin price decreased from $8,150 to $6,665, if you hold 1 bitcoin, then you would lose $1,485 during this decline. However, if you chose bitcoin derivatives such as futures or options to buy a contract for BTC Short, then you will save $1,458 loss when the bitcoin price dropped.
Here are two solutions I’ve mentioned above: Futures&Swap, Options.
  1. In futures trading, you can open leveraged BTC Short contracts with the principal, margins and fees. If you hold 1 bitcoin at that time, and you select the leverage in 20X, to save the loss of $1,485, you will need the principal in $400, and the margins at least 0.00024 BTC (but usually you will need to input more to prevent from liquidation). It is a useful way for you to hedge the risk of holding 1 bitcoin.
  2. In options trading, for example, if you open a 7-days put contract on BitOffer Bitcoin Options, usually it only needs around $200. Moreover, it does not request any margin and any fees.
Here is how it works:
When you hold a 7-days put contract, if bitcoin price drops from $8,000 to $7,000, you will earn $1,000 profit, and in total, your loss of the bitcoin you hold will be hedged because you earn $1,000 from BitOffer Bitcoin Options.
What if the bitcoin price rises from $8,000 to $9,000?
You will lose $200 with the 7-days put contracts you buy, but you still earn $1,000 with the bitcoin you hold.
BitOffer Bitcoin Options, the best hedging tool ever, is now the easiest and cheapest hedging solutions you can see in the market.
Ending:
With an effective hedging strategy, I deeply trust you all should be able to maximize your profit and avoid the risk even the bitcoin market fluctuates acutely like always.
submitted by Bitoffer_Official to BitOffer_Official [link] [comments]

Master List of Discount Gift Card Retailers

Master List of Discount Gift Card Retailers
This link-packed ebook is intended for people looking for the best-kept secrets on the web for buying bulk Amazon, Walmart, Best Buy and other national brand gift cards at the highest discounts—accounting for speed, quality, volume and risk.
Executive Summary
  1. Buy gift cards on marketplaces
  2. Buy gift cards with bitcoin
  3. Fill out online surveys for gift cards
  4. Buy directly with people online
  5. Buy directly with people offline
  6. Arbitrage gift cards on Amazon
  7. Swap other gift cards for Amazon
  8. Buy gift cards from retail stores
  9. Earn gift cards for online work
  10. Daily deals websites
Bonus Knowledge

Executive Summary

This article covers some of the many ways to buy discount gift cards. We focus a lot of attention on Amazon gift cards since they are the largest retailer in the world and has the 2nd most gift cards in circulation. We have either purchased or researched in depth most of the sites on this list to come up with some conclusions about the fastest, safest and cheapest places to buy discount gift cards. Please remember, there is no one best place to find gift cards, the goal is to give you options.
The lowest-risk gift cards with the lowest discounts are directly from that brand and at grocery stores and other retail locations (CVS, Safeway, Walgreens, etc). You will also find these 0% offers from 3rd party e-code generators like eGifter and BitPay. You can usually buy instantly and they are guaranteed forever.
Slightly higher risk are the old-school secondhand gift card exchanges like CardCash, CardPool, Raise and others. They offer very small savings up to 5% off the top brands. You can pay with a credit card and they guarantee the card for up to a full year so you can gift them as gifts much easily.
The highest discounted gift cards are on peer-to-peer bitcoin marketplaces with users from many different countries, like Paxful and LocalBitcoins. This also comes with the most risk and the highest amount of work. These platforms have lower regulation and majority of the trades are conducted in non-USD currency.
Finally, there is an emerging category of crypto gift card exchanges that also use bitcoin to offer the same discounts as peer-to-peer marketplaces, but they have more advanced protections in place for buyers and sellers. Sites like Redeeem and Purse.io fall into this category because they can offer larger discounts on gift cards and other products but they use technology to cut out the negotiating. Cards are guaranteed for minutes, hours or days here, so this isn’t the best for gifting.
Your savings (and profit margins) will depend largely on your risk tolerance, length of time you are willing to get paid, country where you are located, capital available, ability to buy alternative forms of currency (like bitcoin), the ability/willingness to ship physical products, overall time commitment, and many other factors.

1. Buy gift cards on marketplaces

Redeeem. Save 15% or more on bulk Amazon, Walmart and Best Buy gift cards with auction-style pricing buying with bitcoin. They have great support and great reviews.
CardPool. Save 3-5% on hundreds of brands, including Best Buy, Target, iTunes and Lowe’s. They send the card directly to your email inbox or via USPS in 3-7 days.
CardCash. Gift card marketplace that buys unwanted gift cards for less than their value and resells them at a discount to savvy shoppers across the country. Save 3-5% on hundreds of brands, very similar to CardPool.
Gift Card Granny. This is a nice resource because they link to the sites that have the best deals, unfortunately they don’t index many of the bulk discount sites.
Raise. One of the biggest in terms of volume. Discounted gift cards to hundreds of national brands such as Target, Southwest, Uber, Home Depot, etc. However, discounts are minimal here, ranging from 0-3%.
CardCookie. A great site with great potential—currently offering 5-10% discounts but not very high volume yet. Keep them bookmarked.

2. Buy gift cards with bitcoin

Redeeem. Redeeem is a great option for buying Amazon gift cards at 20% discount or higher using bitcoin. Unlike Paxful or LocalBitcoins, they manually validate and guarantee every gift card sold on the platform and have an easier buying experience. But you will have to trade during market hours (they are only open 8 hours a day).
BitPay. Raised over $72 million from investors, they’re the largest bitcoin payment processor. Download the app to buy Amazon e-codes fast at 0% discount.
Paxful. With 300+ currencies to trade, Paxful’s peer-to-peer platform with millions of users in Africa offers likely the best discounts for gift cards, but there are a lot of scammers (and yelling) so be careful. You may find yourself with a lot of stolen/invalid cards and trade disputes with money at risk.
LocalBitcoins. LocalBitcoins lets you buy and sell bitcoin in over 248 countries. Like Paxful, this comes with high risk and high reward. Every trade starts with a listing, similar to Craigslist, and the platform is strictly peer-to-peer.
Purse. Save 10% or more on Amazon when you pay with bitcoin, or dropship products (including gift cards) to people to earn bitcoin.
CardBazaar. An online secondhand gift card marketplace where you can buy and sell unwanted gift cards for cash or bitcoin.
Bidali. A bitcoin payment processor that competes with BitPay and offers full-priced e-codes from Amazon and other retailers.
eGifter. One of the best way to buy eGift cards quickly for friends, family and yourself without hassle. Choose from hundreds of top national brands. You can personalize your gift with an animated greeting card, photo or video greeting.

3. Fill out online surveys for gift cards

Survey Junkie. offers a massive inventory of paid surveys. Each survey is assigned a point value (most between 100-200 points) and estimated completion time. Once you accrue 1,000 points (around $10) you can cash out with a gift card.
Beer Money on Reddit. This a Reddit group dedicated to making some cash on the side. Don’t know much about it.
PointClub Surveys. You can earn points for completing paid online surveys. When you have enough points, you can redeem them for cash or the gift card of your choice. Gift cards can either be digital or real cards sent to you. It's that easy!
OpinionOutpost. You can earn cash and rewards for the time you spend taking online surveys with points you can redeem for cash or gift vouchers to popular brands.

4. Buy directly with people online

Reddit. Reddit is used by a ton of gift card traders, but you have to be familiar with the platform and have some karma on there before using it seriously. Otherwise, your listings will just get filtered out by their algorithms. If you go in there moving quickly without reading their rules carefully you will likely get banned.

5. Buy directly from people offline

Craigslist. As you probably know, you can get anything on Craigslist. But like Paxful and LocalBitcoins, it requires a lot of negotiating and there are scammers galore. The only deals worth doing are small volume with trusted local partners.
Facebook Marketplace. Although this wouldn’t be my first choice due to the randomness, there are a lot of gift cards on Facebook Marketplace—a growing platform.
eBay. Older than time itself, eBay earns millions of dollars a day in gift card volume. They are fairly warm to buying and selling physical gift cards but they are cracking down on e-codes. The downsides here are shipping costs and eBay/PayPal fees which add up to over 10%. There are also a lot of international buyers on eBay taking advantage of currency exchanges, which inflates prices of gift cards above their face value. It’s an expensive place to find gift cards—but always there.

6. Arbitrage gift cards on Amazon

Amazon is unique in a lot of ways. One way in particular is that they let you buy other brands of physical gift cards with your Amazon credit balance—such as Nordstrom, Southwest, Nike, Starbucks, Google Play, iTunes, Best Buy, Lowe’s, Sephora, Hotels.com and dozens more.
This opens the door for people to buy gift cards on Amazon and then sell them to CardCash, CardPool, Raise, Paxful, Reddit, LocalBitcoins, Redeeem, etc. The risk, believe it or not, is that Amazon loves shutting down people’s accounts with gift card balances frozen inside. So don't let your balances get too high and try to mimic normal behavior that doesn’t make you look like a large dropshipping business (e.g. ship to yourself, buy other products too, have a real phone number and billing address on file, etc). There are also hard quantity limits on how many gift cards you can buy for each SKU on Amazon.
Your profit margin will depend on how you get Amazon credits, your ability to keep your Amazon accounts in good health, and the rate at which you sell your cards to gift card marketplaces (some let you choose your own rate, others have fixed rates), and the speed and method you want to get paid (check, ACH, bitcoin, PayPal, etc).

7. Swap other gift cards for Amazon

CardCash Amazon Exchange. This is a cool resource that CardCash built alongside Amazon to allow customers to swap out other national brands for Amazon e-codes for a small fee. The rates are comparable to what they have on the main CardCash website and the e-codes are delivered within 24 hours. It’s a cool way to jump from one brand to another if you want Amazon gift cards in particular and have another.

8. Buy gift cards from retail stores

Retail Stores. There are hundreds of physical retail store locations where you can buy physical gift cards in person (the link points to Amazon retail locations). You pay full retail price but it’s fast, safe and reliable—and you can earn 3-5% cash back with certain credit cards like Amazon Prime card.

9. Earn gift cards for online work

Mechanical Turks. Amazon Mechanical Turk (MTurk) is a crowdsourcing marketplace that makes it easier for individuals and businesses to outsource their processes and jobs. This will require a lot of work, but you can get paid in Amazon gift cards.
Swagbucks. You can redeem a Amazon Gift Cards by using the Swagbucks you earn through playing, searching, discovering, answering, watching or shopping on websites that are trying to sell you things. Not very profitable but can be fun.

10. Daily deals websites

Groupon. Although not as popular as when it first launched in 2009, Groupon is still used by millions of people to get discounts on stores, experiences and even gift cards like Amazon, Walmart and Best Buy. There is also a gift certificate category that has similar offers (sorry, we couldn’t find anything similar on Living Social).
Amazon Daily Deals. Amazon has daily deals on many categories of products as high as 20% discount. On some occasions they will slash prices on gift cards. Amazon Treasure Truck. Amazon has a Treasure Truck that they drive around many of their Whole Foods locations they use to promote Amazon Video shows and offer 10% discount deals on food, clothing and tech.
Gift Cards.me. Simple app, good reviews, worth a try. The discounts aren’t very spectacular, but they claim to have fast gift card delivery.
Nimble Commerce. Not sure how long they’ll be around, but worth a shot.

Bonus Knowledge

On the back of your gift cards, check all the stores where that brand is accepted. For example, gift cards for Gap also work at Old Navy, Banana Republic, Athleta and Piper Lime. Walmart gift cards work at Sam’s Club, Amazon gift cards work at Whole Foods, and Albertsons gift cards work at Safeway, Vons and a dozen other grocery store chains in the same family. Make sure you know these sister-company store policies before you buy a brand.
One limitation you may find with many stores like Amazon, Walmart and Best Buy is that they have per-product purchase limits. Obviously you can create new accounts or ask friends and family to buy products for you, but some products have gift cards under many different SKU numbers—like a Christmas and Birthday version. There are also limits set for each of these individual items, not the gift card category as a whole.
Finally, based on the U.S. government regulations, the maximum amount of gift cards that can be purchased in a 24 hour period by a single person $10,000. So please keep this in mind when you are out there shopping.
Good luck, be honest, and happy trading!
Bonus Resources

https://preview.redd.it/k4k2l6aa0du31.png?width=543&format=png&auto=webp&s=203b7485b312ae7a693e10222b93eba723586918
submitted by levi_d-19 to Redeeem [link] [comments]

Local.Bitcoin.com Aims to Spread Economic Freedom Through P2P Exchange of BCH

On June 4, Bitcoin.com is launching a peer-to-peer marketplace called Local.Bitcoin.com that will allow users from around the world to buy and sell bitcoin cash (BCH). Now crypto enthusiasts and traders can create a pre-launch account to explore the trading platform and create orders on the exchange in advance.
Also read: Bitcoin.com Celebrates 4 Million Wallets Created Local.Bitcoin.com: Creating a Pre-Launch Account and Experimenting With the P2P Marketplace
At Bitcoin.com we believe that the Bitcoin Cash (BCH) network will revolutionize the world of money and give global citizens the true taste of economic freedom. BCH is a decentralized system that allows anyone to transact in a permissionless fashion for less than a fraction of a U.S. penny in fees. In order to add more accessibility and liquidity to the BCH ecosystem, Bitcoin.com is launching the peer-to-peer marketplace Local.Bitcoin.com. The trading platform will allow individuals to purchase and sell bitcoin cash (BCH) either locally or internationally. This week we’ve decided to open pre-launch accounts so users can sign up and test the platform’s features.
To create a pre-launch account in readiness for the official peer-to-peer BCH marketplace to open, sign up here. You’ll be asked for a username and password and then informed that the web browser will generate a private key offline. The interface then encrypts it using AES256-CBC to a PBKDF2-stretched version of your password. This means that Bitcoin.com staff cannot access the wallet and you will need to keep your password secure. Due to the nature of client-side encryption, there is absolutely no way for Local.Bitcoin.com staff to recover a lost password. After the username and password are entered, the platform will send a confirmation email and then grant you access to the exchange dashboard.
Right now Local.Bitcoin.com will provide access to your profile settings, the BCH wallet which allows for sending and receiving, and the ability to create a sell offer. In the profile section, you can edit your username, add a blurb about yourself, change email, edit two-factor authentication settings, and add a mobile phone number. You can also begin by creating an offer and having it all set up for the official opening day on June 4, 2019. The interface will ask if you want to buy or sell BCH whereupon you can select the appropriate option. From here, Local.Bitcoin.com will request a display location, providing an array of local choices or the option to add a custom region. Then you simply choose a payment method from the various choices available. Payment methods for Local.Bitcoin.com include cash (in person trades), bank transfers, bank deposits, Paypal, Moneygram, international wire, Western Union, gift cards, Payeer, Venmo, Skrill, and Transferwise.
After choosing a payment method, you can select a local currency, so if you’re located in the U.S. you’ll probably be choosing USD. From here, you can set the exchange rate, which could be a ‘dynamic market price’ or a more complex ‘custom equation.’ With the ‘dynamic market price’ choice, you can pick a percentage margin above or below the market price of bitcoin cash. For example, you can set the price of 1 BCH and sell it for 2% less than the current market price. Or with the ‘custom equation’ setting, you can customize the exchange rate by pulling data from an array of well known exchanges. An example of this equation would be selling for the highest bid for 1 BCH on Coinbase or Kraken with a custom floor. After the price is set, Local.Bitcoin.com will then ask you to confirm the selling price and make sure the settings are acceptable. A Custom Trading Experience, Blind Escrow System, Bulk Trades, and Finding the Best Margin
Following confirmation, you can then set a limit or a minimum trade size in your local fiat currency. You can also create an offer headline and write a few terms of the trade offer in any manner you desire. Traders can set the offer so anyone can trade with them or they can decide to deal with people who have verified their phone number. After selecting either anyone or just users with a verified mobile number, the platform will ask you to confirm all the terms of the trade. Everything previously selected will be shown above the confirmation tab and you can change any of the settings if there was a mistake along the way. After confirming that everything was correct, simply hit the yellow confirmation button and the offer will be located on the main trade board and the accountholder’s dashboard. You can view the offer, pause it, and edit the trade again even after it was submitted. In addition to this, all trades are safeguarded by our blind escrow, a system that allows for a secure trading environment.
Using Local.Bitcoin.com is a breeze and it takes only a few minutes to set up a trade offer. At Bitcoin.com, we’re thrilled to be able to give people the ability to buy and sell bitcoin cash which will, in turn, bolster the decentralized currency’s infrastructure. Moreover, the peer-to-peer marketplace allows people to trade with each other on a more personal level, rather than dealing with a cold third party exchange. Often times traders can purchase BCH cheaper using an over-the-counter market, which allows users to buy digital assets in bulk and find the best margins available. Unlike with large exchanges, users don’t have to share intimate personal details and traders can begin swapping BCH instantly. So if you are interested in a peer-to-peer platform that allows anyone in the world to buy and sell bitcoin cash, check out Local.Bitcoin.com today and create a pre-launch account now.
submitted by fintube2020 to Bitcoincash [link] [comments]

Differences Between CBOE and CME Futures Contracts (Simplified)

Bitcoin Futures Example
CBOE Bitcoin Futures
CME Bitcoin Futures
Main Differences
Errors
Edit
submitted by amansaggu26 to Bitcoin [link] [comments]

Best Crypto Trading Bots 2019

Best Crypto Trading Bots 2019
WolfpackBOT - The World's Fastest Crypto Trading Bot

https://preview.redd.it/s5j8hgsgsi131.png?width=799&format=png&auto=webp&s=e0e5597fa32aa74f78fcfbb5cc08d143f8b8ca3b
There are basically two different ways you can make mazuma from digital currencies. You can purchase a couple of coins currently, hold them for an extensive period and offer them after the esteem has risen significantly or you can get started with exchanging digital forms of money, here once more, you can exchange physically or run with the best crypto exchanging bots. While holding cryptographic money for a more drawn out term has turned out to be fulfilling, it takes a bounty of time and tolerance for you to optically observe the estimation of your speculation increase.If you are somebody, who does not have the persistence to hang tight for so long, at that point digital currency trading provides you with the immaculate chance to make some mazuma. Numerous prosperous digital currency dealers do recommend you purchase low and sell high. In any case, this is easier verbalized than done.
Digital currencies have been cosmically unpredictable since the earliest reference point. They are the main tradable resources whose esteem shifts in twofold digit rates every day. The cost does not generally go up either. Along these lines, timing the market is the way to turning into a prosperous cryptographic money merchant.
Exchanging digital money isn't any advanced science. All you require is a record on a digital money trade and some cryptographic money in your wallet. This would have been the situation, had you started exchanging these computerized resources route in 2010.
Presently, on the off chance that you try to put in any limitation request on any famous cryptographic money trade, you will outwardly see another application set appropriate above you're, putting forth a superior arrangement. Hence, you are constrained to put orders at market esteem.
The way that a superior offer quickly negated your offer does not assign that somebody is continually crushing before the PC. You just set off crypto exchanging bot when you submitted your request. The best bitcoin exchanging bots have surmounted the whole cryptographic money exchanging biological system, and this is primarily because of the way that they are more effective than people, particularly when it comes down to exchanging.
Presently that you ken that bots have surmounted the crypto exchanging market, you more likely than not understood as of now that the chances of making mazuma when piled facing a great many bots are cosmically svelte.
You could ace all the distinctive specialized investigation strategies and exceed the bots. In any case, in addition to the fact that this is tedious withal very tedious. So instead of investing more energy finding out about the specialized investigation, you can set up the crypto exchanging bots all alone. By the end of this article, not exclusively will you ken probably the most profitably rewarding cryptographic money exchanging bots out there, yet moreover will be enabled with the intelligence of winnowing your very own exchanging bot later on.
Variables to Look for When Culling the Best Crypto Trading Bots
  1. Dependability
A standout amongst the most vital viewpoints to consider is the dependability of an exchanging bot. You would not operate to lose on a brilliant open door because your crypto bot went disconnected or stopped working for quite a while.
You may contend that there is no real way to make sure about the dependability of a specific exchanging bot. Notwithstanding, you aren't the just a single using a bot. Scan for what alternate clients who have used a particular bot need to verbally express about its consistent quality or basically allude to our rundown of the best bitcoin exchanging bots underneath.
  1. Security
With regards to cryptographic forms of money, you can't inculpate anybody yet yourself if there should be an occurrence of a hack. When you initiate using an exchanging bot, you are giving the bot access to your mazuma. This can be very jeopardous, particularly if the exchanging bot is beginning in the field.
There is no telling how secure a specific bot is. In this way, while separating an exchanging bot, complete quintessential research and winnow a bot that has been broadly extolled for its security.
  1. Productivity
Everything comes down to this fundamental part. Is the bot profitably worthwhile or not? An inquiry for which it is elusive an answer. The primary reason you chose to run with an exchanging bot is to benefit over its exchanging ability. There is no influential pertinence in using a bot that isn't profitably rewarding. In this way, discover the productivity of a bot up to you put both your time and mazuma into it.
  1. Straightforwardness
The fundamental motivation behind why digital currency rose to acclaim is that the entire system is plenarily straightforward. There is the wrong spot for any injustice. The equivalent ought average even from the exchanging bot that you choose to run with.
Attempt to winnow a bot whose engineers are unmistakable for their work in the network. Straightforwardness benefits to fabricate trust as well as also profits you to connect with the ideal individuals to adjust any issue.
  1. Simplicity of profit
The entire cogency of running with a robotized bitcoin exchanging is to make the whole procedure of transferring cryptographic forms of money simple for everybody. A bot which accompanies a simple to use interface is the one that is exceptionally well known. Having the capacity to control the bots with only a couple of snaps of the mouse is something you should pay individual mind to, in the bot that you choose to use.
Considering every one of the variables we have arranged a rundown of the best ten digital currency exchanging bots in 2019, the review will be unendingly refreshed with the goal that data remains apropos.
Top 10 Best Crypto Trading Bots in 2019
  1. Cryptohopper
This may be a new bot in the crypto exchanging market. In any case, this newcomer has figured out how to blow some people's minds because of the comprehensive exhibit of highlights that this bot gives. One of the defeats of most exchanging bots is that they kept running on your neighborhood machine. This betokens they run just when you have turned on your PC.
With the lift in enthusiasm for cloud-predicated advancements, Cryptohopper uses cloud innovation to keep the bot running day in and day out. By running the bot on a cloud, clients will most likely put in exchange requests notwithstanding amid the night. In this manner, no open door is missed.
Another critical reason that prompted the lift in the notoriety of Cryptohopper is its simplicity of usage, particularly for the tyro. The bot has incorporated with an outside exchanging signaller. This assigns anybody can initiate using this bot by running it on autopilot. This is a help to the nascent dealers, who need not stress over setting exchanging signals for their bot. The bot withal gives progressively experienced clients a chance to mess around and set their own exchanging signals. Along these lines, it is satisfying the desiderata of both. Aside from this, the bot is incidentally outfitted with highlights, for example, trailing stops, specialized examination, formats, and backtesting. Formats benefit you to design a nascent setting for your bot quickly, and specialized investigation sanctions you to redo and arrange your own settings.
Like every extraordinary thing, the crypto container comes with a sticker price fastened to it. The cost starts from $19 every month for the fundamental arrangement and goes up to $99 per month if you operate their most extravagant arrangement. When you buy into any of the organizations, you can start using the bot on prominent trades like Binance, Huboi, Kucoin, Bittrex, Coinbase, Poloniex, Kraken, Cryptopia, and Bitfinex. On the off chance that you are slanted to spend the additional buck on an exchanging bot, at that point Cryptohopper is an extraordinary separate.
  1. 3Commas
Even though 3Commas bot is nascent to the exchanging bot scene, it could give its clients huge increases, notwithstanding amid the crypto bear showcase.
The new element that dissevers this bot from other bots is its workforce to trail any crypto advertise. This authorizes the bot to close the exchange at the most profitably excellent position, yet the objective addition set by the utilizer had just been come to. This element benefits enormously amid the crypto bull run. Additionally, the bot adventitiously endorses clients to exchange numerous cryptographic forms of money simultaneously. In this manner, it is not passing up any great exchanging opportunity that goes along the way. The bot is set up on the cloud and is available through the site. This betokens the bot runs 24X7. The bot can be designed with Binance and Bittrex at this moment and increasingly legitimate trades, for example, BitFinex, Poloniex, KuCoin, and so forth will be coordinated anon.
The 3Commas comes with a sticker price appended to it. The starter plan will cost you $24, and the most luxurious genius pack would set you back by $82. On the off chance that you operate to give crypto bot exchanging a go, at that point, you could use the 3Commas starter plan and later peregrinate to the more rich schemes.
  1. Gunbot
This is another mainstream exchanging bot with more than 6000 dynamic merchants using its lodging on a quotidian substructure. Good with a few exchanging stages including Binance and GDAX, it very well may be kept running on your nearby PC. This can keep running on Windows, Linus, and the Mac stages, so running on your neighborhood machine would not be a bind.
The bot has 32 diverse pre-arranged exchanging systems which give clients a wide cluster of choices to induce some automated revenue. Among these techniques, the three most well-known ones are the Bollinger band, step addition, and ping pong. Numerous clients have detailed having made a bounty of benefits with the BB procedures. Gunbot isn't in freedom to use and accompanies a one-time level rate running from 0.1BTC to 0.3BTC, contingent upon the highlights that you would savor to optically observe in the bot. Aside from this, the bot supplementally comes as a Lite rendition that has encircled highlights yet can be habituated to test around with the lesser measure of mazuma.
The post-buy support given by the organization is truly surprising. Clients get their issues settled in less than multi-day. The main pickle with regards to this bot is that you ought to in every case reliably outwardly look at the present market state. If the instability of the crypto advertise is high, at that point you ought to most likely turn the bot off to shun any misfortune
  1. Gekko
This is the most diverse digital money exchanging bot in subsistence at present. For any individual who needs to gain proficiency with some things about exchanging bots and not spend any mazuma getting one, at that point Gekko is the bot for you. The Gekko trading bot is an open source bitcoin exchanging bot venture that is accessible for anybody to use for nothing. The way that it is in freedom to use is the fundamental purpose behind its wide prevalence. Like some other open-source ventures, Gekko is free of for all intents and purposes all bugs and even the ones the pop are fixed up at lightning speeds. The Gekko bot can collaborate with a few trades, including Bitfinex, Polonix, and BitStamp. The bot uses a web interface to associate with the clients and can keep running on a neighborhood machine with Windows, Linux, or the Mac OS.
The bot comes pre-designed with some exchanging system. You can initiate using the bot on autopilot as anon as you introduce and design it with a trade. In any case, if you would savor to use your very own exchanging system, the bot withal endorses you to design it to your savoring. While the present design is respectable for trying different things with the bot, there are a few other exchanging techniques accessible online that would benefit you make an all the more profitably worthwhile wager. The bot will withal send you a notice at whatever point it executes a specific exchange. This is finished by incorporating it with the Telegram envoy. Consequently, you will dependably ken how well your bot is performing.
The main drawback to the Gekko exchanging bot is that it isn't very utilizer-heartfelt. There are a few aides in the digital world that direct you through the underlying setup process. Be that as it may, this procedure isn't extremely direct and you would presumably hit a barricade at any rate once amid the underlying setup.
  1. Zenbot
Another allowed to use digital currency exchanging bot, Zenbot can be considered as a further developed form of the Gekko exchanging bot. Nonetheless, as Gekko has been around for a more extended time, it is all the more generally used. Much the same as Gekko, Zenbot programming can be downloaded from Github and introduced on your neighborhood PC. The product is perfect with Windows, Mac just as the Linux working frameworks. The bot comes pre-arranged with an entirely nice exchanging system. In any case, its real potential can be opened only when you initiate executing your exchanging order. The primary bind with the allowed to use bots is that they are frequently not very utilizer-genial. In any case, this isn't the situation with Zenbot. The entire setup process is extremely effortless, and you can have the bot fully operational in all respects speedily. The bot chips away at all prevalent trades, for example, Bitfinex, Poloniex, Bittrex, and so on.
As it is an open source venture, it is without now of a few bugs, and regardless of whether one springs up, it will be adjusted all around speedily. The Zenbot can effortlessly actualize with a few informing stages, for example, slack, Telegram, and so on to give you the updates of any exchange that was executed.
Adventitiously, the Zenbot withal braces high-recurrence exchanging. This is a component that outlined the personnel of the Gekko bot. The Zenbot is being refreshed, and more highlights are being incorporated traditionally. Hence, making it a bot for you to reliably outwardly analyze.
  1. WolfpackBOT: WolfpackBOT is a cryptographic money exchanging programming application that has been created with the most developed highlights of any robotized exchanging programming of its sort. The WolfpackBOT has been intended to execute exchanging directions with the usage of restrictive numerical calculations, and specialized investigation bespeakers predicated on the client's predefined assignments.
The cryptographic money advertise as of now bearish, and many exchanging bots easily miss the scarcest vacillations. WolfpackBOT has been built to execute trading directions at a lightning speed and is fit for making up to a large number of exchanges every day, relying upon the states of the market.
WolfpackBOT is among the few cryptographic money exchanging bots that give crypto aficionados full self-governance, security, and control of their exchanging bot and its related API keys. A large portion of the crypto trading bots out there are cloud-predicated stages that are constrained by outsider frameworks. While these stages guarantee dealers of outright wellbeing and security, insightful brokers ken that in the crypto space, outsider frameworks like trades and other cloud-predicated steps are hacked proximately consistently. Since WolfpackBOT programming and your related API keys are put away individually PC or devoted VPS, WolfpackBOT can sidestep a significant number of the security issues related to cloud-predicated frameworks.
WolfpackBOT has been created for the whole crypto network, from experienced merchants to novices, with three in all respects reasonably valued membership levels. WolfpackBOT accompanies a few membership bundles that authorize clients to exchange with a wide scope of chances predicated on their favored membership.
  1. CryptoTrader
cryptotrader_reviewAlmost all digital money merchants would have aurally seen about the crypto dealer exchanging bot. The across the board fame of this bot is because it was one of the absolute first bots to be kept running on the cloud and accessible to the clients day in and day out.
The crypto broker bot is plenarily web-predicated and in this manner, open from anyplace you can associate with the digital world. The bot can be easily designed with a few well-known trades, for example, Poloniex, Bittrex, Kraken, and so on. This bot does not come for nothing out of pocket. You can operate from the few organizations accessible. The valuing initiates with 0.003BTC every month for the most simple arrangement and this goes up to 0.0472 BTC every month for their excellent arrangement.
While all plans do offer clients support for programmed exchanging, the early highlights and as far as possible for the more indulgent plans is higher than that given the basic arrangement. Any early component that is caused is most readily accessible on the higher bundle designs and are later accessible on the basic plans. On the off chance that you would simply savor to exchange on a solitary trade and with exceptionally delineated mazuma, at that point the basic arrangement will get the job done. Be that as it may, on the off chance that you are outwardly looking at the higher volume of exchanges, at that point run with the higher bundle.
This bot additionally sustains algorithmic exchanging. In this manner, I am making it effortless for clients to execute their very own arrangements. The bot can be effortlessly modified. In this manner, I am making it a broadly utilized cryptographic money exchanging bot.
  1. Bitcoin Robot
btcrobotWe simply needed to incorporate the pioneer of digital currency exchanging bots on our rundown of the best crypto exchanging bots. The Bitcoin robot started as a Bitcoin exchanging bot. In any case, it can now withal be designed to exchange different digital currencies, for example, Ethereum and Litecoin. The bot is accessible as a product and should be downloaded and keep running on your neighborhood machine. This betokens the exchanges will be executed just as long as you keep your PC turned on. The bot can effortlessly work with a few digital money trades and is by and large broadly utilized even today. The bot isn't accessible free of expense and costs you a premium. The cost of the bot ranges from $19.99 every month for the principal plan. In any case, clients usually buy the platinum plan that costs just $399 one time charge and offers utilizer unlimited access to every one of the highlights.
The benefits made by individuals using this bot verbalizes for itself. Supplementally, they do offer a 60-days mazuma back assurance. Along these lines, you should look at them once.
  1. USI Tech
This can't be considered as a bot. In any case, the USI tech BTC settlement promises mechanized benefits for your BTC speculations. The USI Tech was at first intended for Forex exchanging. In any case, after the raise of the ubiquity of Bitcoin, they additionally offer BTC bundles. Not at all like some other BTC exchanging bot where you require to give the API key of your trade account to execute exchanges, on USI Tech, you will require to winnow from among the few BTC master exchanges. At that point, you will begin accepting your segment of benefits at whatever point exchange is made.
The USI Tech stage basically ensures extraordinary comes back to your speculations. The entire procedure of purchasing your absolute first BTC bundle is withal simple and pellucidly elucidated on their site. You can explore different avenues regarding the benefits that you gain. In any case, the number of bundles you purchase, the more dominant will be your benefit
  1. Margin.De (Leonardo Bot)
Edge LeonardobotThis is a cryptographic money exchanging bot with the most utilizer-genial interface. The GUI of the bot is easy to use, and the highlights gave are extremely puissant. The bot was structured with two exchanging techniques ping pong and Margin exchanging actualized into it. In any case, you can withal modify it with your very own custom settings. This bot lays incredible complement on the visual parts of exchanging. The specialized examination done by the bot is immensely simple to break down. What more? The bot has an astonishing component called visual exchanging. This interface feels rich smooth to use and offers clients the most extreme authority over the exchanges.
The bot was at first evaluated at 0.5 BTC consistently. Notwithstanding, presently, it is accessible at a one-time cost extending from $89 to $1999 with the most elevated arrangement offering a bigger number of highlights than th
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How Leverage Can Help With Bitcoin’s Price Discovery

How Leverage Can Help With Bitcoin’s Price Discovery


Article by Coindesk: Sebastian Sinclair
Bitcoin (BTC) is like any other asset class in that it captures value through organic price discovery conducted via trading activity on global exchanges.
Yet leverage and margin trading, in general, can help “turbo-charge” demand for an asset. They can also free up capital, thus increasing liquidity within a given market as traders look to use their capital elsewhere.
It’s an investment strategy of using borrowed money for the use of various financial tools to increase the potential return of an investment.
It’s also an efficient use of trading capital, valued by professionals because it allows them to trade large positions without committing 100 percent of their capital to a risky spot position.
For example, a trader that wanted to buy a thousand tokens at $1 apiece would only require a $100 of trading capital, depending on the leverage used, thereby leaving the remaining $900 available for additional trades.

Why leverage matters for bitcoin

Often touted as the most liquid cryptocurrency asset available, BTC benefits from leverage and margin trading activity by allowing investors and traders to lock in a position while maintaining a portfolio of other cryptos. It also provides professionals and retail investors with additional tools to capture value in the crypto market. In effect, greater demand on the asset class vastly improves the potential for more accurate value capture through organic price discovery.
Participating in a live panel discussion at Invest: ASIA in Singapore, Lennix Lai, financial market director at OKEx told Coindesk:
“If you can only buy or sell particular underlying tokens of bitcoin and you don’t have the capability to short, basically speculate in another direction, then the market would be a lot more volatile because it would be entirely driven by sentiment.”
“For example, you can view bitcoin as being much more volatile before CME Futures were introduced … so we should have more financial instruments like options to assist further in the price discovery process in relation to volatility,” he said.
Greater access to capital means greater liquidity, without actually increasing the number of traders in a given market. It provides a means for increasing capital inflow without attracting any new money.
And while the total market capitalization of the crypto market has been on the slide alongside declining total volume, the pressures from a bear market can be offset through leverage and margin trading.

What’s the risk?

Of course, the rewards don’t come without inherent risks, as a loss can lead to the liquidation of a trader’s capital and force spot prices lower. Such an event recently took place in BTC’s futures market on Sept. 24 triggering a “long squeeze“.
If the cryptocurrency underlying a trade moves in the opposite direction to what was expected, leverage can greatly amplify the potential losses. To manage the risk associated, traders usually implement a strict trading style that includes the use of stop orders and limit orders designed to curb potential losses.
Also speaking on the panel in Singapore, Sunny Ray, head of global business development at the Kraken crypto exchange, explained how exchanges protect themselves from that risk:
“If there’s a lot of volatility in the market, if the value of the asset drops below 20 or 30 percent, there is something called a margin call that takes place where a company will actually liquidate the customer’s assets to cover some of those losses.”
There are currently eight major exchanges that offer the ability to leverage crypto, with several others offering margin trading accounts such as Kraken, Binance and Deribitm, while Bakkt’s release of its futures product on Sept. 23 adds to the opportunities for more authentic price discoveries.
Disclosure: The author holds no cryptocurrency at the time of writing.
Bitcoin image via Shutterstock
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FREE Crypto Tax Reporting with CryptoTax International

We have launched CryptoTax International to make tax reporting easier for the users in any country of the world!
So far CryptoTax was available for the taxpayers in Germany and Switzerland as a country-specific crypto tax reporting solution developed and certified by KPMG, one of the “Big 4” major accounting firms. However we see a need for tax reporting in other countries, where we do not offer country specific tax reporting yet. Therefore we have launched a comprehensive tax reporting solution for the users in any country in the world!
The best is that we offer FREE Early Access to CryptoTax International, for which you can sign-up here.

Tax reports

Our goal is to assist our users in all situations arising from any activity related to cryptos. Hence our solution covers every transaction you could have as a crypto investor, trader or user:
What you get is a comprehensive set of reports with categorized summaries and transaction statements.
You can find an example report here.

Data import

We feel the pain in getting in all the data, trading is much more fun than tracking, right? Hence we make the import process as easy as possible, while preserving high data quality required for tax reporting.
With CryptoTax you can directly import your data from 20+ exchanges including:
We also continuously add new exchanges and you can use our template to add transactions from any source.

Report in your local currency

We partner with CoinMarketCap to provide the most comprehensive and reliable set of exchange rates for 8.000+ crypto assets.
CryptoTax also support 30+ fiat currencies for automated conversion and reporting in your local currency:

Our goal is to make the tax reporting of cryptos easy and let you focus on things that make more fun!

Your CryptoTax Team
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Use Cases of Ferrum Network

As a DAG-based network designed for superfast high throughput and low cost transactions, Ferrum Network is set to provide and/or support the following services and functions:
Ferrum Network enables direct OTC trade between two parties known to each other via the UniFyre wallet without hassle. This provides decentralization of value exchange of various cryptocurrencies. The OTC trade function eliminates the trust issues of orthodox centralized (intermediary) OTC exchange. A unique feature of this functionality is that both parties must accept the transaction before it can be executed. Unlike traditional OTC trades where the middleman charges a relatively high fees, OTC transactions on Ferrum Network are done at a very low fee.
Ferrum's Infinity DEX is a truly decentralized exchange that operates like centralized exchanges but without taking custodial of users assets. The exchange runs on Ferrum Network and it boasts of optimized and advanced trading features such as matching makers and takers, stop orders, limit orders, margin trading, etc. An additional tool that can be leveraged by traders on Ferrum DEX is the investor's AI assistant which will enable traders make informed decisions.
Ferrum Network plans to make every financial opportunities and tools available for its users. Ferrum wallet will allow users to access and transact fiat money by partnering with local financial services institutions (banks) in various countries. For example Kudi exchange is an exchange purposely built for the Nigerian market for users to seamlessly transact Bitcoin and local fiat like Naira. Ferrum Network intends to actualize this function through various options (models) such as using ripple (XRP) as intermediary currency for conversion of fiat to other crypto and back via existing fiat gateways like Kraken; direct partnership with established fiat gateways in various locations,and; in the long term obtaining licenses to operate Ferrum fiat gateway directly.
There are hundreds of blockchains but dearth of cross-chain solutions. This limits users from exchanging value and information among various blockchains. Ferrum Network is creating the transaction layer for the Internet of Value for a high-speed highly scalable transfer of value from. One blockchain to another.
Existing and new DEX will be able to leverage Ferrum Network as their settlement layer for various digital assets. Having solved the issue of speed, scalability and high transaction charges, Ferrum Network will facilitate instant p2p trades on decentralized exchanges at low fees. Ferrum’s Infinity DEX will operate on this same settlement layer.
Ferrum Network will serve as platform for developers to issue their own native tokens that can be transacted either through smart contract or normal account just like it is done on blockchains like Ethereum but with higher speed, scalability, ease, and low cost.
Developers will be able to build and run their decentralized applications on Ferrum Network using any programming language of their choice (Java, Python etc). Developers will also be able to contribute computing resources to the network and get rewarded in FRM tokens (the native token of the Ferrum Network).
Ferrum Network provides support for side networks which makes it adaptable for deployment in private environments. Organizations may adopt and customize the platform for smaller decentralized applications and operation management. This will enable these institutions to leverage blockchain capabilities and benefit from its features.
This is indeed a revolution in the blockchain space as Ferrum Network propels blockchain towards maturation and widespread adoption.
Learn more about Ferrum Network:
Website: https://ferrum.network
Telegram Group: https://t.me/ferrum_network
Author's Bounty0x Username: Mexite
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Margin Trading Bitcoin on Kraken How to use Kraken: Tutorial An Introduction to Margin Trading on Kraken  The Moloko Margin Trading on Kraken Bitcoin Exchange.mp4 MARGIN TRADING ON KRAKEN  'Shorting' bitcoin XBT/EUR  5:1 Leverage  + ETC/USD is UP!!

Suppose in our example that you open a $20,000 position instead of $10,000 (again with 5:1 leverage). Your margin for this position is $4,000. Your starting margin level is ($5,000 ÷ $4,000)×100 = 125%. If this position has an unrealized loss of 10% ($2,000), this would put you at margin call (margin level of 75% - check this yourself). What are the fees for margin trading on kraken? In addition to the normal trade fees, there are margin specific fees for opening and rolling over a position. For example, for bitcoin, the opening fee is 0.01% (% of the total value of the order) and the rollover fee every 4 hours is 0.01%. The margin in your account is the amount of funds that are currently available to be used — “free margin” — or the funds currently used by a position — “used margin”. Margin is not deducted from your balance, but once margin is tied to a position it is not available for opening other positions, spot trading, or withdrawal. Kraken is one of the first US-based exchanges. It was launched in September 2013, and its margin trading option was delivered in late December 2018. Margin trading allows users to leverage their positions backed by funds that users don’t really possess. The benefit of this type of trading approach is that it can substantially increase Margin trading lets you amplify your gains from market swings, allowing you to execute more complex, active trading strategies. With the power of Kraken’s advanced trading engine, you can use leverage to go long or short on a variety of cryptocurrencies by up to 5x -- you’ll have five times the earning potential compared to a regular spot

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Margin Trading Bitcoin on Kraken

⚡️ Welcome Welcome Group "Margin Trading" Gather a Closed group, and while out instructions and deals ===== Ký Advertising sign: BingBon: https://bit.ly/bingbon0 (Transactional copy floor ... This is a quick tutorial on how to use the Kraken cryptocurrency exchange. It's my personal recommendation and one of the cheapest and easiest to use, with the least amount of restrictions and hassle! Learn how to Margin Trade Bitcoin on Kraken. Robert Kiyosaki: Market Crash is COMING!! How To Get Rich + Buy Gold and Silver Rich Dad Poor Dad - Duration: 51:52. I LOVE PROSPERITY 253,436 views A quick tutorial on how to use Kraken's trading interface to trade with leverage. Kraken is a top 3 centralized cryptocurrency exchange located in the United States with 10 Trust Score. # World Wide Pump Community Start Welcome to Telegram channel, specially devoted to pumps on cryptocurrency market and the whole nine yards. https://t.me/wwpco We will organize pumps (and dumps ...

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