Crypto Market Rollercoaster: Unraveling the Volatility, Flash Crashes, and Institutional Influence

Crypto News

In recent days, the crypto market has seen some of its most volatile price action in months. At the center of this turbulence were rumors suggesting that Mount Gox creditors and the U.S. government were preparing to sell substantial amounts of Bitcoin (BTC), leading to a flash crash of almost 10 percent. As it turns out, leveraged traders were the actual cause of this dramatic downturn, with around $200 million worth of longs and shorts being liquidated. In this article, we explore the various factors that contributed to the crypto market’s recovery, as well as the unique circumstances that led to its surprisingly static price action over the weekend.

 

Unraveling the Flash Crash

Initially, it seemed as though the BTC flash crash was fueled by rumors that Mount Gox creditors and the U.S. government were about to sell significant amounts of Bitcoin. However, upon closer examination, it became clear that leveraged traders were primarily responsible for the crash. An estimated $200 million worth of long and short positions were liquidated, resulting in the frenzied price action witnessed during this period.

 

Crypto Market Recovery: Big Tech Earnings and More

The crypto market’s recovery can be attributed to several factors, including impressive big tech earnings (which we’ll discuss later). Interestingly, crypto prices remained relatively stable over the weekend, displaying an eerily similar pattern to what occurred following the shutdown of the Silvergate Exchange Network (SEN).

For context, the SEN was utilized by institutional investors to transfer funds in and out of crypto 24/7. When Signature Bank’s Signet platform was subsequently shut down, institutional investors found themselves grappling with a shortage of reliable on and off ramps for crypto. Consequently, many turned to investing in crypto indirectly through cash-settled futures on traditional exchanges, such as the Chicago Mercantile Exchange (CME). This shift in investment strategies also impacted stablecoin issuers.

 

The Circle, USDC, and Cross Riverbank Saga

If you recall, Circle, the company behind the USDC stablecoin, faced challenges when its banking partner, Signature Bank, shut down its Signet platform. Circle quickly secured a partnership with Cross Riverbank, which offered a real-time payment system (RTP) for 24/7 payments. As anticipated, Cross Riverbank has now come under regulatory scrutiny as well.

It appears that RTP systems like the SEN, Signet, and Cross Riverbank’s offering are viewed as competitors to the Federal Reserve’s FEDNow system. Interestingly, crypto prices began to move sideways shortly after Cross Riverbank received a warning from the Federal Deposit Insurance Corporation (FDIC). This development suggests that the FDIC may have pressured Cross Riverbank to either shut down its RTP or cease providing services to crypto clients like Circle.

 

The Impact of Regulatory Pressure on the Crypto Market

The pressure exerted by regulatory agencies on financial institutions and payment systems has had a noticeable impact on the crypto market. With fewer reliable on and off ramps available to institutional investors, these entities have been forced to adjust their investment strategies. This has led to a shift toward cash-settled futures on traditional exchanges and an increased demand for stablecoins.

As the regulatory environment continues to evolve, it’s crucial for stakeholders within the crypto ecosystem to remain informed and vigilant. Increased scrutiny on financial institutions and payment systems may lead to further restrictions on crypto-related services, potentially stifling innovation and market growth.

 

The Role of Big Tech Earnings in Crypto Market Recovery

One of the key factors contributing to the crypto market’s recovery was the positive Q1 earnings reports from major tech companies, such as Meta, Microsoft, Google, and Amazon. These better-than-expected earnings helped to boost overall investor confidence and provided some stability to the turbulent crypto market. The big tech rebound serves as a reminder that the cryptocurrency market is not entirely detached from the broader economy, and developments in other sectors can have a significant impact on crypto prices.

Preparing for Future Volatility and Regulatory Changes

As the crypto market continues to mature, it’s essential for investors and enthusiasts alike to be prepared for ongoing volatility and regulatory shifts. By staying informed about market trends, industry news, and the actions of regulatory agencies, individuals can make more informed decisions and better navigate the complex world of digital assets.

It’s also crucial for the crypto community to engage with regulators and policymakers proactively. By fostering open dialogue and collaboration, the industry can work toward developing regulations that balance the need for consumer protection and financial stability with the desire for innovation and growth.

Conclusion: Navigating the Ever-Changing Crypto Landscape

The recent market volatility and the impact of regulatory pressure on financial institutions and payment systems serve as stark reminders of the dynamic nature of the cryptocurrency market. As the industry continues to evolve, investors and enthusiasts must stay informed and be prepared to adapt to new challenges and opportunities.

By understanding the factors that contribute to market fluctuations, such as rumors, leveraged trading, big tech earnings, and regulatory pressure, individuals can make more informed decisions when it comes to their crypto investments. Additionally, fostering open dialogue and collaboration between the crypto community and regulators can help create a more stable and supportive environment for the continued growth and development of the cryptocurrency ecosystem.

Ultimately, the future of the crypto market is uncertain, and it remains to be seen how various factors, including regulatory changes, technological advancements, and global economic trends, will shape its trajectory. However, one thing is clear: those who stay informed and engaged in this rapidly evolving industry will be best positioned to navigate its complexities and capitalize on the exciting opportunities it presents.

How to Easily Exchange SOL to BTC: A Step-by-Step Guide

Articles, Edicational Reading, Exchanges, Reviews

Cryptocurrency enthusiasts have been flocking to decentralized finance (DeFi) platforms for various reasons, including faster transactions, lower fees, and better privacy. One of the most popular DeFi platforms is Binance, which supports various cryptocurrencies, including Solana (SOL) and Bitcoin (BTC). In this article, we will guide you through the process of exchanging SOL to BTC using Binance.

Step 1: Choose a Reliable Cryptocurrency Exchange

Before you can exchange your SOL for BTC, you need to find a reliable cryptocurrency exchange that supports both SOL and BTC. One of the best options is Binance, which is one of the largest and most trusted cryptocurrency exchanges in the world. To start trading on Binance, you will need to create an account and complete the KYC (know-your-customer) verification process.

Step 2: Transfer SOL to Your Binance Wallet

Once you have created an account on Binance, you need to transfer your SOL tokens from your current wallet to your Binance wallet. To do this, go to the “Deposit” page on Binance and select SOL as the cryptocurrency you want to deposit. Binance will provide you with a unique SOL deposit address that you can use to send your SOL tokens from your current wallet to your Binance wallet.

Step 3: Convert SOL to BTC

After your SOL tokens have been deposited into your Binance wallet, you can convert them to BTC. To do this, go to the “Exchange” page on Binance and select the “Classic” view. Then, select the SOL/BTC trading pair and enter the amount of SOL you want to convert to BTC. You can choose to use the market order, limit order, or stop-limit order to complete your trade.

Step 4: Withdraw BTC to Your Wallet

Once your SOL tokens have been converted to BTC, you can withdraw your BTC tokens to your wallet. To do this, go to the “Withdraw” page on Binance and select BTC as the cryptocurrency you want to withdraw. Then, enter the amount of BTC you want to withdraw and your wallet address. Binance will process your withdrawal request, and you will receive your BTC tokens in your wallet shortly.

In Conclusion

Exchanging SOL to BTC is a straightforward process that can be completed in just a few steps. By using a reliable cryptocurrency exchange like Binance, you can ensure that your transaction is safe and secure. Additionally, Binance offers fast and cheap transactions, making it an ideal platform for exchanging cryptocurrencies. Whether you are a seasoned cryptocurrency trader or a newcomer to the world of DeFi, exchanging SOL to BTC is a great way to diversify your portfolio and take advantage of the many benefits of DeFi.

What is USDC vs USDT?

Articles

The world of cryptocurrency is becoming increasingly complex, with a wide range of digital currency options available for investors. Two of the most widely used currencies in the crypto sphere what is USDC vs USDT – but what is the difference between them? In this article, we will go over the essential information about USDC and USDT to help you make an informed decision when it comes to investing.

USDC, or “USD Coin”, is a stablecoin developed by Circle and Coinbase. It was created as a bridge between traditional fiat currency and cryptocurrencies, providing users with more reliable ways to store value without being exposed to market volatility. The coin is backed by actual dollar reserves held in specialized accounts, making it highly secure and stable in terms of price fluctuations.

USDT, or “Tether”, was created by Tether Limited and Bitfinex in 2014. It has since become one of the most popular stablecoins on the market, used heavily in trading pairs across exchanges. Unlike USDC which is backed by actual dollars reserves, USDT is a tokenized version of fiat currencies such as US Dollars and Euros that can be exchanged on blockchain networks. This means that it does not represent any actual physical money but rather a digital representation of dollars that are only worth what people are willing to pay for them.

The two coins share many similarities; however there are some key differences between them which should be noted before deciding which one to invest in:

1) Backing – As mentioned above, USDC is backed by an underlying reserve of dollars whereas USDT relies on its own internal ledger system for stability. This means that if something were to happen to either company – such as bankruptcy or legal issues – then your investment could be at risk depending on which coin you have chosen to invest in.

2) Fees – Another major difference between USDC and USDT lies within their fee structures; while USDC charges comparatively low transaction fees (0-2%), USDT fees can vary widely depending on the exchange platform used with them (upwards of 6%).

3) Platforms – One advantage that USDT holds over USDC is its availability across numerous platforms; while both coins can be traded on Coinbase Pro, USDT also supports more than 20 other exchanges including Binance, Kraken, Bitfinex and Huobi Global amongst others.

4) Security – Lastly, when it comes to security both coins offer different levels; USDC offers higher levels given its backing from actual dollar reserves whereas USDT relies solely on its own internal ledger system for stability (therefore subjecting users’ investments to greater risks).

In conclusion then it appears clear from our analysis that each coin has their own merits when considered separately; whether you choose USDC or USDT ultimately depends upon your individual preferences but make sure you understand all the differences between them before deciding which one is right for you! With these insights into mind we hope you now have enough information about these two coins so that you can make an informed decision regarding your investments going forward.

How to Buy Crypto Instantly with a Debit Card

Buy Crypto, Edicational Reading, Reviews

Introduction:

Cryptocurrencies have become an increasingly popular investment opportunity for those interested in blockchain technology and digital assets. If you’re looking to buy cryptocurrencies instantly with a debit card, this article will provide you with a beginner’s guide on how to do it, as well as some tips and best practices for buying and storing cryptocurrencies securely.

How to Buy Crypto Instantly with a Debit Card:

There are several exchanges and platforms that support the buying of cryptocurrencies instantly with a debit card, including:

  1. Coinmama
    Coinmama is a cryptocurrency exchange that supports the buying of cryptocurrencies instantly with a debit card. Coinmama offers low fees, high liquidity, and a user-friendly interface.
  2. Binance
    Binance is one of the largest cryptocurrency exchanges in the world and supports the buying of cryptocurrencies instantly with a debit card. Binance offers low fees, high liquidity, and advanced trading features such as margin trading and futures trading.
  3. Coinbase
    Coinbase is a popular cryptocurrency exchange that supports the buying of cryptocurrencies instantly with a debit card. Coinbase is known for its user-friendly interface, high security standards, and convenient mobile app.
  4. ChangeHero
    ChangeHerois a cryptocurrency exchange that supports the buying of cryptocurrencies instantly with a debit card. ChangeHero offers low fees, high liquidity, and a wide range of digital assets.
  5. Crypto.com
    Crypto.com is a cryptocurrency exchange that supports the buying of cryptocurrencies instantly with a debit card. Crypto.com offers low fees, high liquidity, and a user-friendly interface.

These are just a few of the many exchanges and platforms that support the buying of cryptocurrencies instantly with a debit card. When choosing an exchange or platform, it’s important to consider factors such as the platform’s reputation, security, liquidity, fees, and user interface. You should also check if the platform supports the payment methods you prefer, such as bank transfers, credit/debit cards, or PayPal.

Tips and Best Practices for Buying Crypto Instantly with a Debit Card:

  1. Only invest what you can afford to lose: Cryptocurrencies are highly volatile and risky investments, and you should only invest what you can afford to lose. Don’t invest your life savings or money that you need for your daily expenses.
  2. Do your research: Before buying cryptocurrencies, do your research and understand the market conditions, trends, and factors that can impact the price of cryptocurrencies. This will help you make informed trading decisions and minimize the risks of losing money.
  3. Keep your private keys safe: Your private keys are the key to your cryptocurrency holdings, and you should keep them safe and secure at all times. Don’t share your private keys with anyone and store them in a safe place, such as a hardware wallet.
  4. Be patient: Cryptocurrencies are not get-rich-quick schemes, and it takes time and patience to make profits from trading. Don’t panic sell or buy based on emotions or market hype, and stick to your trading strategy and long-term goals.
  5. Check the fees and limits: When buying cryptocurrencies instantly with a debit card, there are usually fees and limits that you should be aware of. Check the fees and limits of the platform or exchange you’re using, and make sure you’re comfortable with the fees and limits before making a purchase.

Conclusion:

Buying cryptocurrencies instantly with a debit card can be a convenient and easy way to get started with cryptocurrency investing. With the growing adoption and use cases of cryptocurrencies, they’re becoming an increasingly valuable digital asset that can provide high returns for investors. By choosing a reputable and secure exchange or platform, following the tips and best practices outlined in this article, and storing cryptocurrencies in a wallet that you control, you can buy cryptocurrencies easily and securely and participate in the exciting world of cryptocurrency and decentralized finance. Always stay informed and up-to-date with the latest news and analysis on the cryptocurrency market and the factors that can impact the price of cryptocurrencies. With the right approach and mindset, you can become a successful cryptocurrency investor and participate in the emerging trend of blockchain and digital assets.

How to Buy Tether with a Credit Card Quickly and Easily – Say Goodbye to Hassles!

Buy Crypto, Exchanges

Cryptocurrency has been gaining popularity among investors and traders in recent years. It is a virtual currency that can be used to make payments, purchase goods, or invest in assets without the need for traditional banking methods. One of the most popular cryptocurrencies is Tether (USDT), which offers users a secure and reliable way to trade digital assets on blockchain-based networks. In this article, we’ll explain how you can buy Tether (USDT) with a credit card.

First of all, it’s important to understand what Tether is and why it’s become so popular. Tether (USDT) is a cryptocurrency that is pegged to the US dollar. This means that one USDT will always be worth one US dollar. This makes USDT an attractive option for traders who want to maintain the value of their investments by keeping them tied to the value of the US dollar. As such, many exchanges allow users to exchange other cryptocurrencies for USDT if they wish to maintain more stable prices for their investments.

If you want to buy Tether (USDT) using your credit card, then you will need to find an exchange or broker that accepts credit card payments. There are several exchanges and brokers out there that accept credit cards as payment options, but it’s important to make sure that you are choosing a reputable service with low fees and secure transactions before proceeding with any purchase.

Once you have found an exchange or broker that accepts credit cards as payment options for buying Tether (USDT), then the next step is signing up for an account on the platform in order to get started. Some exchanges will require additional verification steps before allowing you access their services, so make sure you read through all of their terms and conditions carefully before proceeding with your purchase.

After signing up for an account on the chosen exchange or broker platform, then you will need to add funds into your wallet using your credit card in order to buy Tether (USDT). It is important that you double check all details provided when entering your card information as incorrect information may cause delays or even result in failed transactions due to security reasons. Once your wallet has been funded successfully, then you can proceed with buying Tether (USDT).

The final step is placing an order on the exchange or broker platform in order to buy your desired amount of USDT tokens with your deposited funds via credit card. You should always pay attention when entering details such as price limits and trading amounts during this process since these parameters may influence the success rate of your orders depending on market conditions at any given moment. After submitting your order request, it should be processed within a few minutes if everything was entered correctly, after which time USDT tokens should appear in your wallet ready for use!

Now that we’ve discussed how to buy Tether (USDT) with a credit card using an exchange or broker platform, let’s take a look at some of the advantages associated with this method:

1) Convenience – using a credit card allows users more flexibility when making purchases quickly without having multiple accounts linked together;

2) Security – since most exchanges use secure encryption protocols when processing payments via credit cards this provides users with added peace of mind regarding fraud prevention;

3) Low Fees – compared to other payment methods such as bank transfers or wire transfers typically involve higher fees when compared against those charged by exchanges/brokers accepting credit cards;

4) Faster Payments – typically payments processed via credit cards are much faster than those made via bank accounts meaning users have access faster access times and less delays in receiving the tokens they wish o purchase;

5) Flexibility – since purchases made via credit cards do not require linking multiple accounts together it gives customers greater freedom over how they manage their finances;

6) Wide Acceptance – most cryptocurrency exchanges/brokers now accept payments made through major debit /credit cards allowing customers more choices available when selecting which service best suits their individual needs;

7) Easy To Use -cryptocurrency trading platforms accepting payments via debit/credit generally have user-friendly interfaces making it easier for newcomers who are just getting started investing in cryptocurrencies like USDT swiftly learn how everything works and start trading right away!

In conclusion, purchasing USDT tokens using a debit/credit card provides users with convenience, security, low fees & wide acceptance which makes it one of most popular methods used by investors & traders looking gain exposure into crypto markets today! Whether you’re new investor looking get involved cryptocurrency trading or experienced trader looking diversify portfolio -using debit/credit reliable option choose from range benefits mentioned above!

Find Out How Little it Costs to Upgrade Your Litecoin to Bitcoin!

Exchanges

Swapping Litecoin to Bitcoin is a popular way for cryptocurrency users to diversify their portfolio and benefit from the unique benefits of both coins. The cost of swapping one coin for another is not fixed, but depends on several factors including network fees, exchange rates, and the total amount being swapped.

The first step in any Litecoin-to-Bitcoin swap is to set up an account with a reputable cryptocurrency exchange. The most popular exchanges used for this purpose include Coinbase, Binance, Changehero, and Bitstamp. All of these exchanges have a variety of trading tools that allow users to buy or sell cryptocurrencies as well as swap one coin for another. Once an account has been set up with one of these exchanges, users can then use it to initiate a Litecoin-to-Bitcoin swap.

When initiating a Litecoin-to-Bitcoin swap, users must first decide how much they want to trade. This amount will be based on their personal needs and preferences, and the exchange rate will determine how much Bitcoin they receive in return for their Litecoin. The exchange rate is subject to change constantly and should be monitored closely before initiating a trade.

In addition to the exchange rate, users need to also consider any fees associated with the transaction when assessing how much it costs them to swap Litecoin to Bitcoin. Most exchanges charge a fee based on the total amount being traded, while some may charge per transaction or as a percentage of the total amount being swapped. These fees can vary significantly between different exchanges so it’s important for users to compare them before initiating any trades.

Network fees are also an important factor when considering how much it costs to swap Litecoin for Bitcoin. Network fees are paid directly by miners who are required by law to verify all transactions taking place on the blockchain; this ensures that transactions remain secure and immutable. Network fees typically range from $0-$2 USD per transaction but can be higher depending upon network congestion levels at any given time; this means that network fees should always be taken into consideration when assessing how much it costs someone to swap Litecoin for Bitcoin as it can add significantly onto the cost of doing so if there is high demand on the blockchain at any given time.

Overall, there is no definitive answer as to how much it costs someone when they wish to initiate a Litecoin-to-Bitcoin swap due in part because the exchange rate will fluctuate over time and because network fees may also increase depending upon current network demand levels at any given time; however, by carefully monitoring these factors before initiating a trade user should be able to accurately assess how much they will need in order successfully complete such a swap without incurring significant additional costs beyond those already mentioned above (i.e., exchange rate and network fee).

How to buy BTC with credit card?

Edicational Reading

One of the most popular and convenient ways to buy Bitcoin is with a credit card. With a credit card, you can purchase Bitcoin quickly and easily without having to go through a lengthy process or wait for the funds to clear. In this article, we’ll look at how you can buy Bitcoin with a credit card, what to consider before you do so, and some of the best methods available today.

Before diving into buying Bitcoin with a credit card, there are several factors that should be taken into consideration. Firstly, it’s important to understand that buying Bitcoin with a credit card carries additional risks such as potential fraud and chargebacks. Additionally, it typically carries higher fees than other methods such as bank transfers or e-wallets. Therefore, you should always make sure you’re aware of all applicable fees before making a purchase. It’s also worth noting that certain countries may not allow purchasing Bitcoin by using a credit card due to government regulations or other factors.

When purchasing Bitcoin with a credit card, the most common option available is through cryptocurrency exchanges. These platforms offer access to multiple coins including Bitcoin and Ethereum and facilitate transactions in fiat currency (e.g., USD). The exchanges will typically ask users for personal information in order to comply with local regulations and anti-money laundering laws. Once your account has been verified (which can take up to 24 hours), you can then add your payment method which is usually either debit or credit cards – once done you’ll be able to buy cryptocurrency immediately after submitting the payment form.

It’s also possible to purchase Bitcoin using services like PayPal but this method is often discouraged due to its high fees and long waiting times for payments (upwards of 10 days). However, if you don’t have access to an exchange or don’t want to wait for your funds to be verified on one then this could be an alternative option for you – just keep in mind that it’s more expensive than using an exchange directly.

Additionally, there are peer-to-peer marketplaces where users can connect directly with each other in order to buy and sell crypto assets without having to use an exchange platform at all – this is often seen as the most secure way of trading cryptocurrencies since there is no middleman involved who could potentially cause issues down the line. P2P marketplaces also typically offer more competitive rates than those found on exchanges since they don’t have any built-in fees associated with them – however, they require users to have some technical knowledge in order to set up trades correctly (in addition providing evidence of identity before being accepted as peers).

Finally, it’s worth mentioning that ATM machines are becoming increasingly popular when it comes buying cryptocurrencies such as Bitcoin with cash – these allow users who don’t have access to traditional banking services or online exchanges (or simply wish remain anonymous) the ability purchase cryptos from physical locations in their local area without having jump through any hoops at all (just remember that these machines will most likely charge higher fees than other methods mentioned here).

In conclusion, buying Bitcoins using a credit cards is becoming increasingly popular amongst investors due its convenience and relatively low costs but always make sure you’re aware of all applicable fees beforehand – if possible try sticking exchangers directly or using P2P marketplaces which usually offer lower rates than those on traditional exchanges thanks lack of middlemen involved in the transaction process itself . Regardless of which option choose always remember follow security protocols closely order protect yourself against potential fraudsters out there looking exploit unsuspecting buyers hoping get some easy money!

Binance Exchange Review

Reviews

Binance is one of the leading crypto exchanges on the market, offering low commissions, fast transactions, fast order execution, etc.

The cryptocurrency exchange Binance is one of the new platforms for working with digital coins, which is quite successful and active in the market since 2017. Today, it is considered one of the leaders in terms of average daily trading volume, entering the top 5 among the crypto exchanges.

Still, is Binance a scam, a scammer and a dubious resource or a safe platform that guarantees stable cryptocurrency trading, decent income, as well as instant transactions? These are the questions we are ready to to answer these questions in today’s review.

Why Binance?

Binance is a very popular exchange like EXMO, Paxful, CEX.IO and ByBit. It is a young but promising marketplace, this is due to the fact that the creation of the resource involved a strong team of developers. The ICO project of the exchange attracted the attention of a large number of crypto-enthusiasts and blockchain evangelists (for example, Matt Roszak and Roger Ver), allowed to raise about $15 million, to get support from major organizations: “Morgan Stanley, Nomura, SBI Group, etc. The company is headquartered in Shanghai and led by Changpeng Zhao, who previously worked on the development of OKCoin and Blockchain.info platforms, and was the head of Bloomberg’s technical department.

Low commissions, high performance, ability to work with professional trading tools for advanced technical market analysis, no mandatory verification if the user withdraw no more than 2 BTC per day, the ability to withdraw up to 100 BTC per day with verification, a convenient mobile version of the terminal (Android, iOS) – all this favorably distinguishes the official website binance from competitive resources, all this allowed him to break far ahead.

The platform is also distinguished by the low trading fees in the market (0.1%) and instantaneous transaction processing (about 1.4 million orders are processed per second due to the innovative technology). Customers of binance (official website here) offers a large number of cryptocurrencies (the whole truth about cryptocurrency here), especially popular pairs GAS/BTC, NEO/BTC, ETH/BTC and BNB/BTC, for each currency there is a cryptocurrency wallet. Part of of investors prefer to work with binance.com, because there are rare coins which are absent at other crypto exchanges (for example, Bicoin Gold, IOTA, Walton Coin). The site also has its own digital BNB (Binance Coin), issued to raise capital through ICOs. Its owners receive additional discounts and bonuses, thanks to the coin can be reduced from 0.1% to 0.05%.

To work with the exchange as a source of information about the markets, the user does not need to register, but to make transactions, it is necessary to create an account. The official site of exchange Binance supports popular languages (English, Chinese, Japanese, Korean, Spanish, French), making it much more convenient to be here. There is also a Russian version of binance, and although its translation is of poor quality, it is still comfortably to work.

It publishes current market news, has drawings, the opportunity to buy free currencies. All trading is done in the Trading Center tab: a trader can choose the currency pairs and charts, Trading Center: choice of currency pairs, charts of currencies, orders stack, stop-losses, orders panel, currency pairs trading statistics, 2 types of trading terminals: Basic and Advanced. Advanced terminal is more convenient for professional investors.

There are plenty of trading tools, indicators, types of charts, which will allow conducting a high-quality technical analysis.

How to exchange cryptocurrency on the Binance platform?

To make a trading operation, you first need to click on the “Exchange” button on the Binance exchange website, select the appropriate mode of operation and go directly to the exchange platform. Before you start trading,

you need to decide on a trading pair. Several types of coins are available:

  • Binancecoin (BNB);
  • Bitcoin (BTC);
  • Ethereum (ETH);
  • Riple (XRP);
  • Cryptocurrencies tied to the U.S. dollar (USDT, USDC, TUSD, PAX).

After selecting the market and currency pair, the client will see detailed information about quotes, the price chart and other important information. For beginners it is better to use Market order, because orders of this type are executed immediately after they are created for newbies, it is better to use Market order because orders of this type are executed immediately after creation at the current price of cryptocurrency. There are two trading platforms on the exchange – Basik and Advanced.

Verification on the platform binance.com

To gain access to all of the project’s functionality, you need to go through the verification process at binance.com. Identity verification will be required to expand your withdrawal limit, as well as to be able to to buy cryptocurrency for fiat. Without verification, the limit is up to 0.06 BTC, and after going through the process, the limit is up to 100 BTC. A higher limit can be obtained after an individual agreement with the exchange. It is impossible to withdraw fiat without verification.

To verify your account, go to your profile and fill in personal information: first name, last name, patronymic, date of birth, and place of residence. After this step, you should choose one of the documents, that can prove your identity (passport, license or ID card). You can upload either a photo or a color scan of the document. The user also needs to take a picture of his or her face.

Requirements for the documents:

  • high resolution;
  • Good lighting, so you can see and read every detail;
  • JPEG or PNG format;
  • the photo must be in color;
  • the document must be an original, not a copy;
  • there must be one person in the picture;
  • no glasses or hat are allowed.

The application is reviewed within 1-3 days. If rejected, you can try again in 24 hours.

Deposit and withdrawal

Cryptocurrency exchange Binance supports both fiat money, and cryptocurrency (how to earn on the cryptocurrency? find out here). Traders recommend using the English-language version of the site, because the Russian-language is poorly executed, and you will need to spend time to understand the features and functionality of the resource. To deposit with cryptocurrency, you need to hover your mouse cursor over the “Asset” tab, select the menu item “Withdraw cash from the deposit” (here are the capital deposit/withdrawal points), you can deposit with any cryptocurrency of your choice. There are no deposit fees, the withdrawal fees are some of the lowest in the market, which contributed to the rapid growth in popularity of the site.

Commission of the cryptocurrency exchange

The Binance platform has a commission on trading, which is 0.1%. Discounts are provided for BNB token holders. Thus, clients receive a certain rating. The higher the position – the less commission is charged by the service. There are 9 levels in total:

  • Level 0 – commission of 0.1% (maker) and 0.1% (taker);
  • Level 1 – fee 0,09% (maker) and 0,1% (taker);
  • 2 level – commission 0,08% (maker) and 0,1% (taker);
  • 3 level – commission 0,07% (maker) and 0,1% (taker);
  • 4 level – commission 0,07% (maker) and 0,09% (taker);
  • 5 level – commission of 0,06% (maker) and 0,08% (taker);
  • 6th level – commission of 0,05% (maker) and 0,07% (taker);
  • 7 level – commission of 0,04% (maker) and 0,06% (taker);
  • 8th level – commission of 0,03% (maker) and 0,05% (taker);
  • 9 level – 0,02% (maker) and 0,04% (taker) commission.

How do I get a discount on commissions?

You can get a 20% discount on the commissions of the cryptocurrency exchange binance.com. When you click on the link, the promo code will be inserted automatically.

20% Discount on Commissions (code will be inserted automatically: K30MTGC4) – Get

Withdrawal fees

The service also charges an additional fee for the withdrawal of earnings. For users who passed the basic verification the commission is 0.06 BTC. Previously, the commission of the exchange was 2 BTC. For users who were already in the system, the update will take place step by step from August 8 to August 23, 2021.

 

Commission discount

You can get a 20 or 10% discount on the commissions of the cryptocurrency exchange binance.com. When you click on the link, the promo code will be inserted automatically.

20% Commission Discount (code will be inserted automatically: K30MTGC4)
10% Discount on Commissions (the code will be inserted automatically: U5XKLJY7)

Mystery Box up to $500

To open a Mystery Box worth up to $500 each, you need to register, deposit and trade. The total reward will be $600,000. Start completing the challenges now!

$10 Bonus

To get a $10 bonus, a user needs to register on binance.com, trade at least 0.1 BTS or other cryptocurrency equivalent of 0.1 BTS and send the email address, which was specified during registration on info-binance.com.

Cashback

In this case, cashback is a portion of the refunded commission, which is charged to users when they trade. In order to receive cashback, you will also need to register on the exchange, make a deposit and start trading, and then send an email address to receive the bonus. VTS, ETN and BNB coins participate in the promotion.

Regulation of Binance Crypto Exchange

Binance Limited, which owns the Binance cryptocurrency exchange, is legally registered in China and operates under the laws of that country. The organization does not has a license to operate with cryptocurrencies, but does everything possible to ensure maximum security of work on the site.

Binance Exchange guarantees the confidentiality of users’ information, undertakes not to provide it to third parties, recommends, for security purposes, not to show anyone information about the work on the exchange (logins, passwords, etc.). Clients of the site should be aware of the risks of trading and possible loss of funds, are responsible for all actions on the site, the company is not responsible for the loss of funds as a result of trading.

In case of violation of the rules of the exchange, user accounts can be blocked. In order to provide personalized service, the exchange site uses cookies which clients can disable.

Conclusion

The Binance cryptocurrency exchange has very quickly become a leading cryptocurrency trading platform, leaving its competitors behind. Binance site was able to take a strong leading position thanks to its successful ico project, which attracted a large capital, the support of large companies. The exchange is popular with users primarily due to low commissions, fast execution of orders, a simple trading terminal, a large selection of of virtual coins, rare currencies. It is profitable to trade here, you can store coins in cryptocurrencies, transactions are very fast.

Binance website offers traders a lot of useful material (current market events, currency drawings, transaction history, etc.). Traders evaluate the site positively and recommend it for work. After studying possibilities of the cryptocurrency exchange, we will not draw conclusions that Binance is a scam and a scammer. But still, recommendations of the resource’s clients can warn against possible problems of the exchange, will influence its rating on our website.

Get started with XRP today

Edicational Reading

XRP is a cryptocurrency that Ripple uses as its native token. Like other cryptocurrencies available, XRP has a currency code similar to Ethereum’s Ether (ETH).

The Ripple team introduced the XRP ledger in 2012, which included the native token XRP. The main objective of XRP is to streamline global financial transfers and currency exchanges.

Although XRP is frequently called Ripple, it’s crucial to understand that XRP is an open-source digital asset not related to Ripple, which is a technology company. Given its efficient speed, reliability, and carbon neutrality, XRP delivers fast results and helps customers stay compliant– making it the perfect choice for technology company Ripple’s solutions.

XRP is a cryptocurrency that operates on its own blockchain, which is known as the XRP ledger. Transactions are facilitated by the Ripple transaction protocol. One special thing about XRP compared to other cryptocurrencies is that it doesn’t need to be mined because it’s premined- meaning there’s a maximum supply of 100 billion tokens. The token’s total supply was distributed in two different ways:

 

–   80 billion XRP tokens were initially allocated to Ripple, the parent company. Of those, 55 were locked in an escrow account to ensure a stable supply would be met.

–   The remaining 20 billion XRP was then distributed to Ripple’s co-founders and core team.

 

Ripple is a centralized financial technology company that focuses on global payment solutions through its remittance system, payment settlement, and exchange. It was founded by software developer Ryan Fugger in 2004 as Ripplepay. This was before Bitcoin became the world’s leading cryptocurrency. In 2012, Chris Larsen and Jed McCaleb co-founded Ripple.

The goal of Ripple was similar to that of Bitcoin’s creator Satoshi Nakamoto: they both wanted to make it easier and faster to conduct transactions globally, but without sacrificing security. The downside to using Ripplepay was that, because it was centralized, it didn’t utilize the blockchain technology.

The XRP ledger was developed in 2011 by McCaleb, David Schwartz, and Arthur Britto as an answer to Bitcoin’s many limitations. To help with its function, the native token XRP was incorporated upon the ledger’s launch in 2012. This team of engineers was later joined by Larsen who is now Ripple’s executive chairman and co-founder.

Ripple has undergone several name changes since 2012. First, it was changed from Newcoin to OpenCoin in 2012. Then, in 2013, Ripple Labs took over the name. Finally, in 2015, after rebranding, it is now known as Ripple- a title more familiar to many today.

The original intention behind XRP was to have a secure peer-to-peer network. Ripple claims that XRP is a more efficient digital asset than some other cryptocurrencies because it can process transactions quickly and uses less energy.

XRP is most commonly used as a settlement layer to facilitate transactions with the Ripple network. It can be traded as a cryptocurrency on multiple exchanges, including futures and options exchange, spot exchanges, custodian exchanges, and non-custodian exchanges.

With XRP positioned as an alternative to bitcoin, it has gained massive adoption over the years from various communities, causing its prices to soar.

XRP reached an all-time high of $3.40 in early 2018, a 51,709% jump from its original price at the beginning of 2017. Since then, it has experienced an exponential decline, yet it remains a significant coin with a large market capitalization. It currently sits at seventh position on the cap table.

Unlike most cryptocurrencies, XRP transactions don’t come with a transaction fee. Instead, the sender burns a minuscule amount of XRP, making it what some people call a deflationary asset.

XRP deflationary asset’s primary benefit is that it will eventually run out, which could take up to 70,000 years. To prevent this issue, validators can manipulate the transaction cost and prices through a voting system as long if all requirements are met.

Is Crypto Really Dead?

Articles

Is crypto really dead after the FTX collapse and high trading volumes? Read this story to find out what’s really going on.

The FTX contagion had quickly spread to most other crypto exchanges, with investors opting more and more for self-custody solutions. This caused massive outflows of both Bitcoin and stablecoins from exchanges following the fall of FTX.

According to our research, the speed of Bitcoins exiting exchanges is currently so high that all BTC deposited into exchanges since 2018 has now been withdrawn. The ongoing demand for self-custodial and spot-driven Bitcoin markets continues to grow rapidly. Although Bitcoin economics have historically seen several bear markets, this current trend appears to be unprecedented.

Stablecoins such as BUSD and USDC have been rapidly leaving exchanges in preferance of self-custody over the past week, with Bitcoin following close behind. In a report by on-chain data provider Santiment, they wrote:

 

The start of the year was rather positive as we saw constant inflow of major stables (USDC, BUSD, USDT) into the cryptomarket, suggesting that new money is coming to perhaps buy the dip (as prices were falling). Major stables’ marketcap eventually peaked out at $134.07 Bn around the same time as the BTC and ETH topped out this year. Since then, it has been a downward slope, accelerated by FED’s first 75 bps hike announcement in June.

 

Since Binance announced they would convert USDC stablecoins to BUSD, there has been a massive reshuffle in the stablecoin holdings. “If there’s one major lesson the recent events have taught us, it’s self-custody,” notes Santiment. “We saw huge spikes in Supply outside of Exchanges for USDC and BUSD recently, which shows that the market is learning fast.”

The FTX contagion has hit the crypto world hard, with many players feeling the brunt of its effects. Multcoin Capital, a venture fund focused on cryptocurrency, lost around a billion dollars when it held its assets on FTX.

Recently, the crypto market took a sharp turn downward, leading investors to wonder if cryptos are really shutting down for good. However, we’ve seen similar situations in the past with exchanges like Mt. Gox going under suddenly.

The recent market trend of people self-custodying their crypto instead of selling it demonstrates that people still believe in good crypto projects, blockchain technology, and decentralization. However, there have been some significant challenges recently, like institutional players selling BTC after the FTX collapse. It’s too soon to say if crypto is dead at this stage; with a $800 billion market value, it’s still sizeable.