For all those people who are heading towards bitcoin trading, it’s important to pick the most reputed or reliable platform. There are various reasons present behind choosing a popular trading platform, such as you get better trading services, acceptance of all cryptocurrencies and charges or fees, etc. Apart from the same, there are plenty of things that beginners should ponder when it’s their time to pick the best trading platform. They should check the legality, check out the customer requires, and things like facilities it provides to the traders.

All individuals need to fix the thing in their mind that for becoming a successful trader, it’s important crucial to make a deal with safe or reliable platforms. After then, they need to know some effective tips or strategies that help them in bitcoin trading. As there are thousands of platforms, present allowing people to bitcoin trading, but among them, only a few are the best. Among all these, the most used and preferable by traders is trustpedia review of bitcoin prime. It’s because here they get top-notch services and it helps them a lot to make good money.

Given below are the main ways that help everyone in selecting the most popular trading platform. After then, all traders, whether they are new or experts, easily perform trading and get plenty of chances to make huge profits. They only require enough knowledge and good skills to get all results on their side.

Now, all traders should know by choosing a good platform, trading is not performed. For getting success in it, they require good knowledge and all essential tips or strategies that provide them with positive results. They need to learn how to make technical or fundamental analysis or how to know everything to make perfect decisions in trading.

Finally, the golden advice for beginners or experts is to use only that money in BTC trading, which they can easily afford. Also, as the entire trading process is risky, so they have to keep a good amount of money as savings aside to meet all their requirements. It’s the best way for them to make a deal with as to play safe and earn a lot. If they use all their money in trading, then it can be risky for them, and they get more chances to lose in some cases. The only key to get success in bitcoin trading is to stay updated with all market trends, information about bitcoin’s price, or news.

Coinbase will stop XRP trading due to the lawusit between Ripple and United States Securities and Exchange Commission (SEC). Coinbase published a blog post about the issue and announced it would suspend XRP trading on January 19, 10 am PST. The announcement explains that the suspension won’t affect the Spark token airdrop which is expected to be delivered to holders of the XRP cryptocurrency.

According to the announcement, customers can deposit and withdraw XRP after the suspension, and it won’t affect Coinbase’s XRP wallet functionality.

The SEC’s lawsuit against Ripple is prompting cryptocurrency exchanges to take action regarding XRP

SEC has charged Ripple, as well as Brad Garlinghouse and Chris Larsen for allegedly selling unregistered securities. Essentially, the SEC is arguing that XRP is a security issued by Ripple, but hasn’t been registered as such, giving the company the benefits of issuing a security without any of the obligations.

Coinbase is one of the biggest players in the cryptocurrency industry, and the other businesses will undoubtedly be influenced by its action. Offering the trading of assets that could potentially be deemed as unregistered securities could result in a lot of risk for cryptocurrency exchanges.

Other exchanges like OKCoin and Bitstamp have also announced similar actions, and they will either limit or completely suspend XRP trading on their platforms.

After the news, the XRP price dropped dramatically, and briefly even fell below $0.20. The XRP cryptocurrency has been suffering negative price action ever since the SEC’s lawsuit against Ripple was announced, losing more than 50% of its value.

The future of XRP is now very uncertain, and it’s hard to predict what will happen to it until the court actually makes its decision or the SEC and Ripple reach a settlement. The litigation could continue for an extended period of time, and we certainly shouldn’t expect it to be resolved overnight.

With more exchanges either delisting XRP or suspending trading, the cryptocurrency will be affected by lower liquidity and will be much harder to access for cryptocurrency investors.

The recent developments regarding XRP show that there’s plenty of different risks when it comes to investing in cryptocurrencies. XRP enjoyed a bull run before the lawsuit was announced, and there was plenty of bullish sentiment surrounding the coin. But all the equations changed suddenly due to an intervention by regulators, and XRP is now in a very unfavorable position.

Andrew is a writer that does most of his work on cryptocurrency-related topics. While he’s primarily interested in Bitcoin, he also follows major altcoins and the innovative ideas that new cryptocurrency and blockchain projects are bringing to the table.

MyCointainer is a staking platform that is the easiest and safest way to stake and earn Proof-of-Stake cryptocurrency. The service is a simple one-in-all platform where people can choose the best PoS coins and get staking rewards from multiple crypto assets at once. Advanced automatic Masternode staking is also available for selected altcoins as well, so customers can be sure they will get the most of their invested money. 

MyCointainer leverages the proof-of-stake technology and allows users to make a profit through staking. On top of being a staking platform, it offers exchange of coins using fiat money or Bitcoin. MyCointainer Exchange is utilizing multiple API points to always get the lowest price from different exchanges. Some of the other benefits of MyCointainer platform are:

MyCointainer platform built an easy to navigate interface that lets the user feel comfortable and have a quick familiarization on the basic functions of the website. People from different professions are gathered here to experience first hand the simplest way to stake and earn rewards. 

Do these steps to begin your staking activity:  

MyCointainer does collect a staking fee based only on the earned profits. The platform offers the lowest fees among the industry to attract more members. Users have the option to skip the fees completely thanks to MyCointainer subscription service.

MyCointainer POWER is a subscription service which introduces cryptocurrency enthusiasts to new, interesting ways of earning money. Users receive the best staking deal, have access to limited Masternodes hosted, and will earn 100% staking rewards.

MyCointainer is offering a wide range of cryptocurrencies (over 100, number still growing) and with new assets added every week, MyCointainer could cover the whole PoS staking spectrum. Customers can surely find their favorite coins here with competitive reward deals. List of currently available assets can be found here. 

One of the main priorities of MyCointainer is to safeguard all deposits made by the users. A way to prevent unauthorized transactions is placing all the coins offline using a cold wallet to which MyCointainer fully implements. Another method the platform applies to protect user’s interest is the SAFU (Secure Asset Fund for Users) as a means of emergency reserve.        

MyCointainer is a regulated financial institution. Recently renewed License No. FVT000255 given by the Estonian Financial Intelligence Unit serves as an access to operate business and a provider of wallet and cryptocurrency exchange services. 

MyCointainer is rapidly growing in reference to the number of coins listed and the increase of members using the platform. The rewards from staking the coins are subject to compounding interest that makes it worth the while. A licensed institution that can legally function as a wallet provider and FIAT-cryptocurrency exchange.   

Watch this user-friendly platform expand its services and reach new heights.  

FTX is one of the newest cryptocurrency exchanges that has gained so much popularity quickly. This article reviews the FTX exchange, looks at how it works, and why you may want to use it over other cryptocurrency exchanges.

FTX exchange is a cryptocurrency derivatives exchange built by Alameda research, a group of professional traders. FTX offers different trading options from spot to unique derivatives, exclusive to the platform.

The trading platform has become very popular due to its unique yet simple design and very low trading fees.

The exchange launched in 2019, built by CEO, Sam Bankmam-Fried and CTO, Gary Wang. The idea behind FTX is to give users access to a platform” built by traders for traders.” FTX provides cryptocurrency traders with a similar experience, like major traditional trading sites.

A big name behind FTX is Alameda Research, a major liquidity provider that manages over $100 million in digital assets and over $600 million in trades across several products every day.

FTX exchange lets you trade spot, perpetual futures, leveraged tokens, options, and MOVE. Each product is unique and gives traders a wide range of options to make profits.

Here is a quick break down of the derivative products on FTX:

Spot: This is the most popular type of trading on crypto exchanges. It’s a market where orders are matched for assets.

Perpetual futures: Futures contracts allow traders to speculate on the price of an asset.

Leveraged tokens: These are unique tokens that give traders a leveraged exposure to crypto markets without opening leveraged positions.

Options: Options are used to protect against market volatility. They are special futures contracts that allow you to sell at a future strike price.

MOVE: A set of contracts based on the absolute change in value or price of a cryptocurrency over a weekly or quarterly period.

FTX has the broadest range of derivative products with massive liquidity. These derivatives are financial products that derive value from an underlying asset such as bitcoin and ethereum. FTX allows you to trade with high leverage of up to 101x.

You need to sign up on FTX.com to get started. (By using our FTX link, you get a 5% discount on trading fees).

After signing up, you are immediately asked to set up two-factor authentication (2FA) to add another layer of protection to your account. It’s not compulsory to set up 2FA. However, it is best practice to avoid a breach of your account.

KYC verification is not required. You can withdraw only $1,000 without verification. To increase your withdrawal limit, you will need to verify your identity.

Here are the three levels of verification on FTX exchange:

Go to your wallet on FTX to deposit crypto or fiat. Find the currency you want to deposit and send it to the address on your FTX exchange wallet. 

You can deposit USD by sending stablecoins like USDC, PAX, HUSD, and TUSD to your wallet. Other traditional currencies supported include TRY, AUD, GBP, EUR, and HKD.

Further, you can buy bitcoin via credit card via Simplex. You can only do this if you have passed KYC verification level 2.

After making deposits, you can now start trading.

FTX exchange charges some of the lowest trading fees among the crypto trading platforms. Market takers pay a 0.07% fee, and market markers pay a 0.0% fee (For the rest of 2020). 

The exchange has a 6 tier trading fee structure. Traders with a higher trading volume in the last 30 days are charged lesser trading fees.

What’s more, you can get up to a 60% discount on trading fees by using FTX Token (FTT). FTT is the native token of the FTX trading platform that comes with special utility.

Leverage trading increases trading fees. For instance, 100x leverage increases fees by 0.03%. Further, leverage token creation and redemption comes with a 0.01% fee. Traders are charged a 0.03% daily fee to manage leveraged positions.

FTX charges no deposit and withdrawal fees.

FTX is keeping up with the trends as Decentralized Finance (DeFi) becomes the hottest thing. FTX is one of the exchanges that adds DeFi coins quickly. You can trade DeFi coins like balancer (BAL), sushi (Sushi), UNI (UNI), binance coin (BNB), Maker (MKR), and many more.

What’s more, FTX offers DeFi derivatives. The DeFi Index Perpetual Futures that tracks the price of a basket of DeFi coins. This product gives traders exposure to DeFi tokens through a single futures contract.

*Sign up on FTX – Use our link to get a 5% discount on trading fees.

FTX has political futures, a trading product built around monumental events. With the USA 2020 elections drawing closer, you can speculate on the winner. For instance, the TRUMP-2020 (TRUMP) contract will expire at $1 if Donald Trump wins the election or $0 if he loses. You can trade other contracts for other candidates too.

FTX has a very detailed FAQ that is available in different languages. Also, the support team is always available on Telegram to provide support in 8 different groups and languages.

What are FTX Bitcoin BEAR / BULL tokens?

Bitcoin BULL and BEAR tokens are unique leveraged tokens that have a 3X leverage to bitcoin. Bull tokens make traders profit when the price increases while Bear tokens are profitable when the price decreases. For instance, by buying a Bull token, a 1% increase in bitcoin price gives you a 3% increase.

What leveraged tokens are available on FTX?

There are leveraged tokens available at on FTX exchange for the following coins: BTC, BSV, XTZ, LINK, ALGO, XRP, BCH, EOS, BNB, ETC, HT, DOGE, DRGN, BTMX, ADA, EXCH, PAX, LEO, PRIV, XAUT, ATOM, ETH, OKB, LTC, SHIT, ALT, MATIC, TOMO, MID, MIDB, HTBE, TRYB, LEOB, USDT.

Where can I use FTX?

FTX is available in most places. However, FTT is not available to traders in Crimea, Cuba, Iran, Syria, North Korea, Antigua or Barbuda, and Sevastopol.

US citizens have to use FTX.us, a different version of the exchange.

FTX has a positive security record. It has built a strong reputation in the cryptocurrency space, led by a highly respected team. Despite the quick rise to prominence, it’s still early to pronounce a verdict on FTX.

Regardless, FTX exchange is a great trading platform for people looking to trade a variety of cryptocurrency derivative products with lower trading fees.

The post FTX Exchange Review – The Next Best Trading Platform? appeared first on BlockNewsAfrica.

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Popular trading platform EToro is possibly running out of crypto due to the overwhelming amount of users jumping on the Crypto Craze!  I know I have told friends about EToro and have even put up a few links to join EToro so we can both be rewarded FREE crypto.  Anyone who uses Etoro, you might want to exchange your coins to somewhere else just in case.

Well I would like to reverse that invitation. Etoro sent out A Caution email to all users:

 “possible limitations to crypto BUY orders” and that “spreads on crypto assets may also be much wider than usual.”

“The unprecedented demand for crypto, coupled with limited liquidity, presents challenges to our ability to support BUY orders over the weekend.”

   from: cryptorandgroup.

EToro might not be the only platform that will have to limit trading.  You may have noticed some of your platforms have been working extremely slow, to the point where you can't even see all the volatility going on because it's so hard to keep up with that many trades and people online.  We might just melt down the internet soon.. lol..  Well at least China will benefit and other countries because USA actually has one of the slowest Internet speeds in the world.  Yeah, I found that weird as well, but it's no secret.  We have been behind on Faster networks than other countries for years. With everyone being stuck at home doing more researching on the internet on how to live and make money, on-line gaming, Streaming movies, stock trading, and crypto trading.  I wouldn't be surprised if Networks all over the world are getting bogged down.

Be careful out there and keep an eye on your Platforms, ask questions, research to see if there is any other current news about the platforms in question.  Especially right now with Wall Street getting people all excited about it.   People reading the news.  Every headline has the word Crypto in it.

If any of yall find out information of other platforms you trade on having problems, please let me know, let us all know.  I am debating to take money out of Coinbase just because they are just so slow, and trading on there is not reliable with true prices.  They can't keep up with the traffic.

Thanks For Reading!

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Written by: LeftOfCenter, this article thanks Ryan Tian, ​​co-founder and CFO of the on-chain option agreement FinNexus, for his feedback and insights.

Providing financial products and services similar to traditional financial markets for the crypto world is essential to the health and success of the crypto market. SynLev’s goal is to provide leveraged ETFs similar to traditional finance for the crypto world, initially supporting crypto assets, and expanding to stocks, indices, and commodity assets in the future.

The highlight of SynLev is to allow cryptocurrency users to freely create leveraged positions based on specific assets, without margin and without liquidation risk. In order to maintain the stability of the system, SynLev has launched liquid mining rewards and adopted a unique and creative adaptive leverage mechanism and a “purchase reward and sell penalty” mechanism. So, is SynLev worth participating? What are the risks? Please read today’s five-minute series of chain smells.

SynLev is a decentralized leveraged token platform based on Ethereum. It provides an encrypted version of leveraged ETF financial instruments, allowing cryptocurrency traders to go long or short ETH with a leverage of 1.5 to 4.5 times.

Similar to FTX’s leveraged token mechanism , SynLev currently allows users to freely create a default leveraged position of 3 times based on specific encrypted assets, without margin, and there is no liquidation risk. For example, users can use ETH as collateral to cast a BULL token (3X BULL ETH/USD) that is three times longer than ETH. If ETH rises by 1%, ETHBULL will rise by 3%. For every 1% drop in ETH, ETHBULL will fall by 3 %.

However, unlike FTX, SynLev is censorship-resistant, transparent, license-free, and KYC. Compared with spot transactions, this feature is more important for financial derivatives, because the latter involves leveraged delivery, the amount of funds involved The risk is often magnified several times, and once a centralized fraud event occurs, the loss will be even greater.

In addition to decentralization, an important feature of SynLev is that no margin is required, and there is no common leveraged liquidation risk.

How does SynLev achieve these two points?

According to SynLev’s official article, this is mainly achieved through a non-continuous price calculation. The asset price will be synchronized with the latest price update of Chainlink, which will obtain a time delay to readjust the leverage ratio and maintain the leverage ratio at 1.5 to 4.5 times Therefore, even if the price fluctuates sharply, there is no need for margin call and no risk of liquidation to zero.

So, how does SynLev’s unique and creative adaptive lever mechanism work?

SynLev Adaptive Leverage Mechanism <br/>In SynLev, the target leverage (L) refers to the expected leverage of the asset pair, usually 3 times, and the actual leverage (the actual leverage (La) ) may be based on different assets and The specific situation is automatically adjusted, and the actual leverage La depends on the change of the equity ratio K value.

At any time, the actual leverage of a 3 times leveraged token asset will never be higher than 4.5 times, nor will it be lower than 1.5 times.

In order to reduce the pressure on the price of any leveraged asset to zero, SynLev has implemented a loss limit , which stipulates that in any given price cycle, the price of an asset cannot fall by more than 90%.

Purchase reward and selling penalty <br/>In order to improve stability and ensure that the actual leverage (La) is as close as possible to the target leverage (L), the system can adjust the loss limit. In addition, another adjustable parameter is net assets Equity ratio K value, SynLev uses the “Buy Bonuses and Sell Penalties” mechanism to encourage the actual leverage to be equal to the target leverage, so as to ensure that the k value is as close to 1 as possible.

The principle of this mechanism is as follows: When a leveraged token asset is sold and destroyed, resulting in a K value greater than 1, the system will trigger the sell penalty mechanism , and the fine is defined by the following equation 3. All penalties for selling are transferred to an Ebal, which is used for purchase rewards. The selling penalties can vary, and the hard cap is 15%.

In order to obtain these fine rewards, traders will buy and mint the leveraged token assets, thereby pushing the K value back to 1, and the rewards for the buyer are determined by the following equation 4. The amount of buy-in rewards depends on the amount of selling penalties generated.

In other words, the more the equity ratio K of leveraged tokens deviates from the target value 1, the more fines will be generated. At this time, sufficient motivation will be generated to attract traders to buy, thereby reducing the K value Return to the target value of 1.

SynLev allows traders to choose any supported trading pair to deposit ETH to create virtual BULL and BEAR tokens to become liquidity providers. These virtual tokens are deposited in the vault contract to stabilize specific asset pairs. In order to ensure that the liquidity provider will never be bullish or bearish on price trends, whenever liquidity is added or reduced in the pool, the pool will perform a rebalance to maintain the equity ratio of BULL or BEAR tokens at 1:1.

In return, the liquidity provider obtains the corresponding LP share based on the amount of ETH deposited. This share represents the share of the liquidity provider in the total virtual BULL and BEAR tokens. The LP share certificate can be obtained This transaction generates half of the cost of buying and selling transactions, and the earned fees can be withdrawn at any time without eliminating liquidity from the asset pair, as well as 0.2% of all SynLev transaction fees.

The advantage of this is obvious, that is, a single counterparty is not required for leveraged transactions in SynLev. In fact, the counterparty of the BEAR token of a specific asset is the BULL token of the asset plus all the assets of the liquidity provider Net worth, which can greatly reduce the counterparty risk. In addition, the trading pairs of each specific asset are separated, so severe price fluctuations will not affect the liquidity of the entire system.

However , the biggest risk taker in the SynLev system is actually the liquidity provider. Since all liquidity providers share the price of LP shares, once a certain asset fluctuates too much, the amount of bullish and bearish deviates greatly, and the leverage on both sides is different, which will cause the leverage of BULL tokens and BEAR tokens to be different , Which ultimately affects the decline in the price of LP shares, which means that the liquidity provider who acts as a balance bears systematic risks in disguise.

Just like the case demonstration presented by SynLev in the article “SynLev Liquidity Working Principle” , if there are more outstanding Bull Tokens than outstanding Bear Tokens in the market, and the price of ETH increases, the price of LP shares will fall.

In this case, the market sentiment is bullish, and traders will mint more Bull Tokens through SynLev. For example, there are currently 100 ETH outstanding Bull Tokens, 50 ETH outstanding Bear Tokens and 400 ETH liquidity (balanced at a ratio of 1:1 to 200 ETH “Bull Virtual Tokens” and 200 ETH “Bear Virtual Tokens”). At this time, under the Bear Token leverage ratio of 3.3 times, if the price of ETH increases by 1%, the net value of Bear Token will fall by 3.3% (8.25 ETH). At this time, through the leverage mechanism automatically adjusted by SynLev, the net value of Bull tokens increased to 102.75 ETH, the net worth of Bear tokens decreased to 48.35 ETH, and the net value of liquidity decreased to 398.9 ETH (including 206.6 205.5 ETH Bull virtual tokens and 193.4 ETH Bear Virtual tokens). As a result, the price of LP’s equity share fell by 0.275%.

In SynLev, the main function of the liquidity pool is to help real Bull token and Bear token holders stabilize risks and improve their ability to cash out. Although it is a liquidity pool, the LP actually does not participate in the transaction. Bear most of the risks in the system. Once the market’s bullish and bearish sentiments deviate too much, they will passively assume unilateral risks.

At present, only handling fees and mining incentives are far from enough. Only by increasing sufficient incentives, encouraging more traders to participate in liquidity mining, and expanding the asset pool, can this risk be minimized. Probably low.

Singapore, January 14, /em>  In today’s modern world, most of us have heard about cryptocurrency. For those who are unaware of it, here’s a simple definition; a cryptocurrency is a form of digital currency which involves verified transactions, the records of which are kept by a decentralized system through the use of cryptography. There is no centralized authority overseeing cryptocurrency transactions.

Cryptocurrency is a technology. Its transactions are entirely digitalized and have changed the business model of how currency was used in the past. A person can send cryptocurrency to another person without an intermediary such as a bank. There are various cryptocurrencies available in the market but Bitcoin is the one with the highest marketcap. Since 2017, trading cryptocurrencies have received a lot of attention from old and new investors alike. Put simply, cryptocurrency trading includes conjecturing on future value developments within the crypto market. In its most straightforward structure, trading requires the purchasing and selling of cryptocurrencies to produce beneficial results for the trader. To achieve this undertaking, you need to have a solid handle of what cryptocurrencies are and what influences their market developments. It’s important to note that fundamentals won’t necessarily affect crypto prices as they do with traditional stock prices.

When it comes to cryptocurrency trading, there are several risks involved. The digital nature of the currency means there’s no physical form of cryptocurrency; therefore you cannot physically hold or touch it. In addition, the technology is decentralized thus no central entity has control over the cryptocurrency network. If cryptocurrency is mishandled or hacked, very little can be done by authorities to help get your funds back. Because of this, it is important to understand how to properly handle and store your cryptocurrency. Also, the value of the cryptocurrency fluctuates greatly making prices very volatile. What may be worth thousands today may not be worth but a few dollars tomorrow. But in contrast, what may be worth few dollars today may be worth many times tomorrow.

It is necessary to choose a dependable cryptocurrency exchange, a trading website for cryptocurrencies. One website that has been gaining attention and receiving positive reviews is BiONE Exchange (www.bione.me). It is a Singapore based cryptocurrency exchange founded in May of 2018. It has offices in the US, Canada, China, and Taiwan. Registration on BiONE is easy and doesn’t require KYC (Know Your Customer), which makes the process a quick one. Once registered, newbies to crypto can purchase their initial crypto using their credit card. From there, they can trade in over 300+ different crypto trading pairs. For those that already own cryptocurrencies, they can deposit their funds directly into BiONE wallets for free.

There are a few benefits of being a registered user of BiONE:

Many professional cryptocurrency traders prefer to trade on desktops however with today’s “always-on-the-run lifestyle” a considerable number of people may prefer doing cryptocurrency trading on their smartphones. BiONE has mobile apps to allow for that. The app is available on both the AppStore and Google Play or you can download it directly from Bione Website

Different exchanges have different trading views making it difficult to say which is the best for anyone, as these things are subjective. Typically, trading views show the request book data, a value outline of the selected cryptocurrency, and the request history. There should also be buy and sell data. Before trading, try to examine the trading view so you can see if it has all these necessary components and what feels right for you. This is the trading view at BiONE which I found complete and very user-friendly. Feel free to check it out for yourself Here.

All trades on exchanges take place between the maker and taker. The maker’s order exists in the request book before the transaction occurs. The maker “makes” the order in which it hopes to transact. The taker puts in an order that matches (or “takes”) the maker’s order. The maker-taker model is beneficial for traders and exchanges. By giving the makers a discounted transaction fee, makers are incentivized to create more liquidity on the market.

The trading fees on BiONE are lower than the global industry average, which is a good thing. Takers fees are 0.2% while, maker fees are 0.1%, considerably less than other exchanges around the world. So overall, fees are very low on BiONE and a huge advantage for BiONE users as active users can save considerable money from transaction fees.

As an example, BiONE also has lower than global average BTC withdrawal rates at 0.0005 BTC compared the industry average of 0.000812 BTC per BTC withdrawal.

BiONE is a partial on-ramp exchange meaning users can buy crypto directly on the website using their Visa or MasterCard. Fees for this service are higher than if one was to link their bank account and transfer fiat onto their crypto exchange, however it may be more convenient as it can be done in minutes vs. days. The fee is 1.99% credit card fee plus a 5% market spread. Below is the buy interface when utilizing credit cards to buy crypto:

Clients can also make free deposits to their BiONE crypto wallets from outside the exchange. Once deposits are made, users can begin trading right away without needing to pass KYC requirements making the process quick and hassle free.

BiONE is an up and coming mainstream crypto exchange and already comes highly recommended by many of its users. If you are looking for a new exchange or are a first time crypto investor, register on BiONE and begin experiencing a smooth and powerful trading platform that’s secure and easy to use. Register.

Media Contact: Avijit Dutta [email protected] https://mediax.agency

With Trove adding cryptocurrencies to its platforms, expect an increase in the adoption of Bitcoin and other cryptocurrencies.

On Monday Nigeria’s first micro-investing platform, Trove, announced that it has added cryptocurrencies to its platform. This means Trove users will be able to buy and sell major cryptocurrencies like Bitcoin, Ethereum, Litecoin, Ripple, Tron, and Dash directly via the Trove app, in addition to its existing local and foreign stocks, ETFs, and bonds already on the Trove platform.

According to Oluwatomi Solanke, CEO & CO-Founder of Trove Finance, “what we have built is a real-time cryptocurrency trading platform designed with a user-first approach and is optimized for speed and security. We are excited about the possibilities that this opportunity opens up for our users.”

READ: Computers might steal Satoshi Nakamoto’s Bitcoin fortune

With Trove adding cryptocurrencies to its platforms, we can expect an increase in the adoption of Bitcoin and other cryptocurrencies. According to a report from Quartz Africa in December, Nigeria became the second-largest Bitcoin market in the world. Also, last week Bitcoin hit an all-time price of $40,000.

According to Trove, their platform is built with users in mind, and will enable users to place market and limit orders for the different cryptocurrencies now available on the platform. Trove’s CEO, Oluwatomi, also commented that additional crypto-specific features will be available in the near future.

READ: Only 2.43 million Bitcoins left for mining

Trove Finance is Nigeria’s first micro-investing platform that allows users to trade Nigerian, Chinese and U.S. Stocks, ETF, Bonds and Cryptocurrencies. The best part is that you can trade with as low as ₦1,000, for Nigerian stocks and cryptocurrencies, and as low as $10 for foreign stocks.

To Download the Trove App on the Playstore, Click Here

To Download the Trove App on the Appstore, Click Here

NM Partners represent articles published in paid partnerships with corporate organisations. They include press releases, targeted content, and other forms of corporate communications on behalf of our Paid Partners.

I just rushed to download the app, but I can’t find any info on cryptocurrency. Are they going to add or have added it?

With Pay Yourself, you are able to decide when you receive your salary via USSD between the ‘official’ payday and the last day of the month.

The concept of payday either brings with it hopeful anticipation of needs being met on the one hand, and on the other hand, the apprehension that the money wouldn’t be received in time to settle overdue needs.

Have you ever thought to yourself – ‘what if I could pay my salary myself?’

With the new product offering from Fidelity Bank called Pay Yourself, you are able to decide when you receive your salary via USSD between the ‘official’ payday and the last day of the month.

So whether you would like to start using your salary from your actual payday or prefer to receive it on the last day of the month, the choice is yours as you pay yourself whenever you want.

If you would like to know more about this revolutionary new product from Fidelity Bank, contact @fidelitybankplc on social media for more information.

The FirstBank Virtual Payment Card is a safe, convenient, and easy way of making e-commerce payments amongst other functionalities.

First Bank of Nigeria Limited, Nigeria’s leading financial inclusion services provider has launched the Virtual Payment card, a Naira denominated debit card and digital representation of the plastic debit card. The card is designed to be linked to either a customer’s operative account or wallet account.

The FirstBank Virtual Payment Card is a suitable alternative to the use of cash and cheques, with its wide-range features which include the ability of cardholders to protect his/her card using the block and unblock capabilities; PIN Reset; Change PIN as well as view statement at one’s convenience. It also enables diaspora customers to spend from his/her FirstBank account within the spend limit advised by the bank without the need for a physical card.

The Virtual Payment Card can be created via the Bank’s leading digital channels; FirstMobile or Firstmonie Wallet applications. Customers can download the card, activate the card and consummate transactions all at once from the comfort of their homes/offices. No branch visit is required. Customers are advised to update their mobile application to the latest version, then select Card Services on the FirstMobile App and My Virtual Card application to create a Virtual Card at the cost of N215 (VAT Inclusive).

Speaking on the launch, Mr. Gbenga Shobo, Deputy Managing Director, First Bank of Nigeria Limited said ‘the launch of our Virtual Payment Card is yet another secure and seamless way we promote electronic banking, whilst enabling customers to carry-out their transactions on the web”

“The Virtual Payment Card is also designed to guard against the spread of the COVID-19 as it does not require physical interaction between the customer and FirstBank Branches. We enjoin our customers to download the application and stay ahead in modern banking,” he concluded.

Similarly, FirstBank recently launched the FAST Track ATM, the next-generation ATM and first of its kind in Africa, designed to promote financial activities on the ATM without any form of physical interaction with the machine.

For more information on the Virtual Payment Card, kindly click here for the Frequently Asked Questions (FAQs).

First Bank of Nigeria Limited (FirstBank) is the premier Bank in West Africa and the leading financial inclusion services provider in Nigeria for over 126 years.

With over 750 business locations and over 86,300 Banking Agents spread across 99% of the 774 Local Government Areas in Nigeria, FirstBank provides a comprehensive range of retail and corporate financial services to serve its over 30 million customers. The Bank has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank in the Republic of Congo, Ghana, The Gambia, Guinea, Sierra-Leone and Senegal, as well as a Representative Office in Beijing.

The Bank has been handy at promoting digital payment in the country and has issued over 10million cards, the first bank to achieve such a milestone in the country. FirstBank’s cashless transaction drive extends to having more than 10million people on its USSD Quick Banking service through the nationally renowned *894# Banking code and over 4.5 million people on FirstMobile platform.

Since its establishment in 1894, FirstBank has consistently built relationships with customers focusing on the fundamentals of good corporate governance, strong liquidity, optimised risk management and leadership. Over the years, the Bank has led the financing of private investment in infrastructure development in the Nigerian economy by playing key roles in the Federal Government’s privatisation and commercialisation schemes. With its global reach, FirstBank provides prospective investors wishing to explore the vast business opportunities that are available in Nigeria, an internationally competitive world-class brand and a credible financial partner.

FirstBank has been named “Most Valuable Bank Brand in Nigeria” six times in a row (2011 – 2016) by the globally renowned “The Banker Magazine” of the Financial Times Group; “Best Retail Bank in Nigeria” for seven consecutive years (2011 – 2017) by the Asian Banker International Excellence in Retail Financial Services Awards and “Best Bank in Nigeria” by Global Finance for 15 years. Our brand purpose is always to put customers, partners and stakeholders at the heart of our business, even as we standardise customer experience and excellence in financial solutions across sub-Saharan Africa, in consonance with our brand vision “To be the partner of the first choice in building your future”. Our brand promise is always to deliver the ultimate “gold standard” of value and excellence. This commitment is anchored on our inherent values of passion, partnership and people, to position You First in every respect.

It is believed that Nigerian forex traders trade positions worth at least $1.25 million on average every day.

The foreign exchange market is more commonly known as the forex market. It is the financial market involved with the trading of currencies. It is the largest financial market in the world where trading volumes of more than $5 trillion occur daily.

These trades are executed over the counter, more commonly referred to as OTC. This means that transactions are executed around the world through online computer networks. In addition to being the largest market, the forex market is also the most liquid and volatile.

Liquidity refers to the ease with which an asset or a security can be converted into cash without it affecting its market price. Market volatility refers to the velocity of price changes which occur in any market.

Pro Tip: View the 26 Best Forex Brokers that accepts Nigerian traders.

The liquidity and volatility of the market is as a result of the significant amount of forex trades which occur daily and higher liquidity also results in lower transaction costs, a benefit for all traders.

Nigerian traders have access to the forex market 24 hours a day, 5 days a week, with the added benefit that trading can be done despite the trader’s time zone. This due to the fact once one market closes, another will open while some are open due to the overlap in time zones.

When considering forex trading specifically in Nigeria, forex trading has become easier in the country. The past decade reflects substantial economic growth as well as an increase in disposable income.

Nigeria is one of the most prosperous countries in Africa and it is believed that Nigerian forex traders trade positions worth at least $1.25 million on average every day.

There are also more brokers that are welcoming Nigerian traders in registering an account on their platform, allowing beginners and experts to connect to global markets.

Open A free Trading Account – Click Here

Education

One of the most common mistakes that beginner traders make often is not ensuring that they have adequate forex trading knowledge. Before approaching the forex market, Nigerian beginner traders must ensure that they consult adequate educational resources to build up their knowledge.

One of the most basic areas to begin is learning common forex terms and their definitions. This will help Nigerian traders understand the forex ‘jargon’ that they will be exposed to from the get-go when they start trading.

READ: How artificial intelligence is changing the narrative in Forex and crypto trading

Some of the terms that traders are more likely to see include the following:

In addition to this, another imperative educational tool is a demo account. Numerous brokers offer them to traders. A demo account provides a risk-free platform to traders where they can practice trading in an environment which mimics live trading conditions, without risking actual capital.

All traders who intend to be successful have a trading plan. It consists of a set of rules and guidelines that shapes and defines the trading behaviour of a trader.

Nigerian beginner traders must ensure that they evaluate their needs, goals, and limitations before they start trading. This will ensure that they do not give in to emotional or chaotic trading and ensures that they have a clear goal and objective in mind.

Trading plans also help traders manage their risks more effectively.

READ: How the Coronavirus has impacted Forex trading

Once Nigerian beginner traders have a better idea of what they want to achieve through their forex trading and what they are limited to, they can start looking at the different forex trading strategies to use when trading, or they can develop their own.

The trading strategy must be chosen according to the trading style of the trader and it must be in line with the trader’s trading plan. One of the main considerations when choosing a trading strategy is the personality of the trader.

This is because it will be assessed by performance as well as quality of historical data, and the implementation of the strategy. Factors such as time management, dedication, commitment, patience, and others are imperative when choosing a strategy.

You might like: Latest Africa Forex Trading Stats ( 2020 )

When Nigerian traders start considering a broker to facilitate their trades, there are key factors to consider, including:

When traders start out, they must realize that there are factors that drive the prices and exchange rates in the forex market. These include, but is not limited to:

By staying up to date with news and other reports, traders can more effectively begin to anticipate what the market may do while making extensive use of both fundamental and technical analysis to assist them in trading decisions.

Bitcoinist | Jan 13, 2021 | 17:17

In 2020, crypto derivatives trading replaced spot trading as the most popular digital assets exchange segment. To meet the increased requirements of sophisticated and retail traders, Huobi Futures – the derivatives arm of Huobi Global crypto exchange ecosystem – introduces new instruments.

Launched in December 2018, Huobi Futures is a crypto derivatives ecosystem of Huobi Global, one of the oldest digital assets exchanges. Huobi Futures delivers the services of contracts and options trading on multiple currencies: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Huobi Token (HT), Filecoin (FIL) and so on.

To guarantee all customers an advanced level of trading experience, Huobi Futures introduces daily settlements and stop-loss/take-profit instruments.

Starting from Jan. 7, 2021 (GMT+8), Huobi Futures implements daily settlements for coin-margined futures. This option allows traders to build a much more flexible strategy since they can withdraw realized profits promptly after daily settlement at 16:00.

Therefore, there is no need to wait for Friday: trading strategies can be adjusted daily and clients can spend money more effectively.

Initially, the service is offered on a trial basis until June 30, 2021 (GMT+8).

Major risk management instruments – namely, stop-losses and take-profits – should be referred to as the position-closing orders with preset trigger conditions (trigger price of take-profit or stop-loss order) and price.

Setting stop-losses and take-profits eliminates the need for traders to control price moves manually and place ordinary market buy/sell orders.

To allow traders to get the most out of a fluctuating market during the bullish rally, Huobi Futures implements stop-losses and take-profits features for coin-margined futures, coin-margined swaps and USDT-margined swaps in the web interface and API version of the trading engine.

New instruments have been available since Jan. 7, 2021 (GMT+8).

Stop-losses and take-profits can be settled for both existing and new positions. Users can set a take-profit order or stop-loss order for a certain position, or set them both at the same time. To illustrate the way that stop-losses and take-profits work, Huobi Futures summarized examples of the behavior of new and existing positions with these instruments activated.

Both types of orders work for closing positions only. Once the position opening (limit) order is fully or partially filled, corresponding stop-loss and take-profits orders go to ” placed” status. Simultaneously placed take-profit and stop-loss orders are interrelated: once the first one is triggered, another is canceled immediately.

Stop-losses and take-profits can be placed for existing and new positions, so risk adjustment can be done simultaneously with the opening of trade or after it.

Trader Alice treats 17,000 USDT as a reliable level of support amidst a falling Bitcoin (BTC) price. Meanwhile, a brutal correction may follow if bears manage to suppress BTC below 16,800 USDT. But the 18,000 USDT level is most likely the closest resistance, so it would be interesting to take profits at this level.

As a result, Alice decides to enter the trade at 17,000 USDT, set the stop-loss at 16,800 USDT and the take-profit at 18,000 USDT.

To realize this strategy, she needs to set one limit order, SL and TP. Thus, she needs to choose “Limit order” – “Stop-limit” options and customize the order conditions:

Once the order is set, Alice needs to push “Open Long (Buy)” to make it active. The status of stop-losses and take-profits can be checked in the “Open Orders-Limit Orders” menu.

Once one order is triggered by price moves (either SL or TP, whichever comes first), another one becomes invalid automatically.

Setting SL and TP for a position that is already opened looks slightly easier. If trader Bob is in a long position from 17,000 USDT/BTC and the price of the king coin inches closer to 18,000 USDT, he may be ready to take profits. He can do it in two ways: by USDT-denominated price and by profit rate.

Choosing the “By Price” method, Tom is able to set 18,500 USDT as a “take-profit” price and 17,500 USDT as a “stop-loss” price. Once two orders are active, they act similarly to Alice’s.

Also, Bob can choose the “By profit rate” mode and decide which profit would be sufficient for his long in this particular market situation.

Bitcoin Futures should be referred to as speculative contracts that provide traders with exposure to crypto markets without buying tokens directly. Huobi Futures is a reliable vendor of Bitcoin (BTC) futures trading services.

To ensure maximum trading efficiency, its team introduced daily settlement of futures (instead of weekly), as well as stop-loss and take-profit instruments for coin-margined and USDT-margined positions.

Trade on Huobi Futures: /HuobiFutures_

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In this article, we will review TrailingCrypto, a cloud-based platform where you can access a wide range of order types on all exchanges. Besides, TrailingCrypto doesn’t lock your funds. Therefore, you can place multiple orders using the same funds, and funds will be used by orders which executed first.  The highly specialized nature of the TrailingCrypto platform suggests that it is more suited for intermediate to professional traders. The platform warrants one to have a decent understanding of the trading landscape. There are several reasons to choose TrailingCrypto. Let’s see some of the features offered by TrailingCrypto. Using the pull-down menu, you can select your preferred exchange or switch to different exchanges without having to leave the TrailingCrypto interface. You can access some of the major exchanges such as Binance, BitMex, Bittrex, Cex.io, and many others. This means that you do not have to exit the platform to access different exchanges. On the left side of the crypto-trading platform is the order section where you can select your preferred order type. There are different types of order types such as market buy, market sell, limit buy, limit sell, take profit, and stop-loss, among others. Once you have selected your preferred order type, you can fill in the quantity you would like to purchase and also switch between different cryptocurrency pairs. Once you are done with the details, you can then submit your order. The TrailingCrypto platform also has a helpful and comprehensive chart section where you can access charts for different cryptocurrency pairs. It gives traders a view of what is happening in the market. The charts are customizable and also accompanied by a variety of tools.  Traders can also use their preferred indicators to fine-tune their trading strategy. Any trader with a crypto exchange account can use TrailingCrypto.  TrailingCrypto supports multiple crypto exchanges. It also provides the advanced order types on all exchanges. Besides, TrailingCrypto does not lock users’ funds while creating orders. TrailingCrypto has been designed to offer a premium trading experience. Traders have access to a variety of useful trading tools such as technical indicators and charts, which help traders to make sense of the market performance. It also features multiple order types that traders can execute.  It also supports dark mode in the trading space for users which can be enabled from settings. TrailingCrypto has also focused intensively on making sure traders are protected from hacking or theft of their wealth. It has thus invested heavily in making sure that the crypto-trading platform is not compromised. One such measure is the use of API keys when switching from one exchange to another to authenticate the trader’s identity with their accounts in the exchanges. Another noteworthy security feature is the two-factor authentication (2FA), which provides an extra layer of security, making it difficult for any unauthorized entry or use of another person’s account.  TrailingCrypto has a competitive and reasonable price. It has a freemium plan for beginners. But, if you have been trading for a while, then I will suggest you go for the premium account subscription, which will cost you around USD 8.34/mo. TrailingCrypto also offers a substantial discount of 30% on an annual subscription, 20% on half-yearly, and 10% on a quarterly subscription.  TrailingCrypto provides an advanced crypto trading bot and unified trading platform to enable users to trade on multiple cryptocurrency exchanges from a single interface.  With its wide range of features like provision of using advanced order types on multiple exchanges, integration of all popular crypto exchanges, no lock-in of funds, etc. TrailingCrypto is a must-try for all beginners to professional crypto traders. Let us know what you think about our TrailingCrypto review in the comment section.

TRIBTC is the world’s first platform offering Bitcoin settled, peer-to-peer binary options trading for cryptocurrency pairs. In, this article, we will review TRIBTC. TRIBTC differentiates from the troubled classic binary trading systems by offering a peer-to-peer, fair, and transparent trading system. It allows users to trade binary options against each other, either by directly placing trades on the platform or by match trades other users place. The team started the project motivated by the idea of bringing together the emerging space of Bitcoin and cryptocurrencies with the well-known binary options trading system. TRIBTC doesn’t bet against customers. It lets you share your trades on social media and invite your friends or challenge other traders to join your trades. Call/Put trades are the simplest in binary options trading. They are the best entry-level option for traders who are new in the world of binary options trading. By placing a Call trade, it means that the trader is predicting that the asset’s price will go up before the expiration time chosen by the trader. If the asset’s price is higher than the entry price when the time expires, the trader collects the profit. A Call trade is lost if the asset’s price is lower than the entry price when the trade time expires. By placing a Put trade, it means that the trader is predicting that the asset’s price will go down before the expiration time chosen by the trader. If the asset’s price is lower than the entry price when the time expires, the trader collects the profit. A Put trade is lost if the asset’s price is higher than the entry price when the trade time expires. Touch / No Touch trading allows predictions on whether or not an asset’s price chosen by the trader will be reached before the trade expires. This order type is particularly useful during times of market volatility, or for certain styles of technical analysis. In simple words, you are betting on a trader’s call/put trade. A Touch order is placed on the assumption that the asset’s price will reach a certain level before the trade time expires. If the asset’s price touches the predicted price before the time expires, the trader will collect the profit. No Touch is the exact opposite of the Touch Method. A No Touch order is placed on the assumption that the asset’s price will not reach a certain level before the trade time expires. If the asset’s price doesn’t touch the predicted price before the time expires, the trader will collect the profit. Price indexes are sourced and averaged from the Bitfinex and Binance exchanges. Customer’s funds are stored in multi-sig cold wallets, while the withdrawals are manually checked and processed every 24 hours. The minimum trade amount is 0.0005 BTC. Winning trades receive a 90% payout from the total amount of trade. There are no deposit fees. A flat withdrawal fee of 0.0005 BTC is applied at each withdrawal. The minimum deposit amount is 0.0005 BTC. User accounts are protected with 2FA, as well as other internal security features designed to provide a more secure trading environment. There is also a demo platform available, where traders can test the platform’s features, before joining the live environment. One testnet BTC is automatically credited to all accounts registered on the demo platform so that traders can test their strategies, or new users can learn how peer-to-peer binary options trading works on TRIBTC. Let us know what you think about our TRIBTC review in the comment section.

CryptoAltum, a multi-asset trading environment, offers exposure to cryptocurrencies, indices, forex positions and precious metals contracts. Why is this approach useful? And how can even newbie traders benefit from such a powerful vehicle? The CryptoAltum platform offers many lucrative trading opportunities. Forex and cryptocurrency markets are the most important and popular among traders all around the world. Forex (FX, or foreign exchange) is a worldwide decentralized exchange market designed for peer-to-peer currency trading. It operates 24/7 and provides exposure to unmatched liquidity. The overall net volume of forex trading surpasses $5 trillion per day. The United States Dollar (USD), British Pound (GBP), Euro (EUR), Australian Dollar (AUD), Japanese Yen (JPY) and Chinese Yuan (CNY) are the most transacted assets on this market. This segment of trading has gained huge popularity due to unprecedented liquidity, a very low entry barrier and 24/7 worldwide online availability. Forex trading is seamless and easy-to-start since forex traders are not obliged to own and store currencies physically nor via bank accounts. Cryptocurrency trading started massive adoption in 2017 with an insane rally of Bitcoin (BTC), Ethereum (ETH) and a number of ICO-funded altcoins. Crypto trading is characterized by extremely high volatility due to rapid crypto price fluctuations. With a proper strategy, cryptocurrency trading can be very profitable. Since the cryptocurrency segment is completely decentralized, a minimal amount of data is required to start trading. Mostly, crypto behemoths (top-demanded coins) such as Bitcoin (BTC), Ethereum (ETH), XRP, Bitcoin Cash (BCH) and others are based on permissionless decentralized payment systems (blockchains) and, therefore, are not subject to classic trading manipulations. The CryptoAltum multi-asset trading platform was launched in 2019. It is registered in the Republic of the Marshall Islands. Its interface is perfectly designed for trading on cryptocurrency, forex, indices and Gold (XAU) markets. Image via CryptoAltum Its cryptocurrency trading interface offers one-click access to all blockchain accounts. Image by CryptoAltum The toolkit of its forex global exchange also guarantees exposure to a wide range of currencies. Every currency is available with a low minimum lot size and ultra-high leverage of 1:500. Image by CryptoAltum Indices traders can enjoy the opportunity to benefit from upmoves and downmoves in the top industrial indexes, the DOW 30 (top American stocks from the New York Stock Exchange) and Nikkei 225 (Japanese industrial giant stocks listed on the Tokyo Stock Exchange). Image by CryptoAltum Also, Gold positions trading (XAU) is available with 1:100 leverage. ‘Safe Asset’ traders can find the perfect contemporary opportunity to earn some gains off of the yellow metal price swings. Image by CryptoAltum Sophisticated traders can natively download and use every instrument of the MetaTrader5 trading terminal. Applications for desktop computers, iOS and Android devices are available in a couple of clicks. Image by CryptoAltum The first striking difference between CryptoAltum and its competitors is the diversity of the types of assets available on the platform.  Every asset of top-level blockchains, i.e. Bitcoin (BTC), Ethereum (ETH), XRP, Dash (DASH), Litecoin (LTC), Bitcoin Cash (BCH), Monero (XMR), Bitcoin SV (BSV) and EOS can be traded with 1:500 leverage. Also, the positions can be opened with native coins of new-gen high-technology products, such as Cardano (ADA), Binance Coin (BNB) and Tron (TRX). The United States Dollar Tether (USDT) stablecoin can be utilized as a settlement currency. The fiat trading toolkit includes the U.S. Dollar, Euro (EUR) and Japanese Yen (JPY). The opportunity to trade cryptocurrencies against each other (e.g. LTCXRP, BSVXMR contracts) is a unique feature of this platform. Foreign currency trading on CryptoAltum amazes traders with its wide menu of assets. The U.S. Dollar, Euro, Japanese Yen, Chinese Yuan, Swiss Franc and British Pound can be utilized as both basic and quote assets. Furthermore, some currencies that are very rare on mainstream platforms, such as the New Zealand Dollar, Canadian Dollar and Australian Dollar can easily be traded against each other as well as against world reserve currencies. While building the platform, the CryptoAltum product team thoroughly reviewed all of the best practices in this realm. This research allowed them to roll-out a number of interesting features. From day one, CryptoAltum has been focused on offering highly attractive pricing on all of their products, both fair and transparent. For instance, their average spread on Bitcoin (BTC) positions is $3, which is about 1/4 that of the main competitors. To start trading on CryptoAltum, a user only needs to enter his/her first and last name and validate their e-mail address. This measure targets preventing floods and DDoS-attacks. No ID scans, photos, nor proof of income is required to trade on this platform. CryptoAltum is KYC-agnostic by design and therefore doesn’t process nor store sensitive user data. Even SIM-cards and mobile phone numbers are not necessary for account registration. Thus, all preliminary operations take only a few seconds. The maximum leverage on crypto and FX pairs with CryptoAltum is 1:500, which is significantly higher than on competitor derivatives platforms. For other instruments 1:100, 1:50 and 1:20 leverages are offered. These leverages provide highly-profitable trading opportunities even for traders with low deposits. However, CryptoAltum offers unlimited deposits and withdrawals with zero fees. This option makes the trading process on CryptoAltum lucrative for both newbies and institutional traders. Every new user of CryptoAltum is eligible for a 100% welcome bonus. The maximum amount of welcome bonus is close to $1,000 equivalent (0.1 BTC, 4 ETH, etc.) The second deposit is eligible for a 50% bonus. The bonuses are rewarded once the trader deposits their money to the MT5 terminal. The CryptoAltum partners program invites all traders to benefit from referrals. Platform users can invite their friends to test its performance and earn from their operational fees. For Money Managers, CryptoAltum also offers MAM accounts. Without a doubt, the CryptoAltum team has managed to build a cutting-edge trading ecosystem for all generations of crypto and forex traders.  The intuitive interface accompanied by low pricing, unmatched leverage and zero deposit/withdrawal fees allows CryptoAltum to offer far more lucrative trading solutions than their average competitor does. Subscribe to U.Today on Twitter and get involved in all top daily crypto news, stories and price predictions! Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain. Worked in independent analysis as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

If you want to hedge your crypto portfolio or take a view on bitcoin using leverage, you have the opportunity to do so using bitcoin options. In this guide, you will discover an in-depth review of the best bitcoin options trading platforms that you can use to trade these bitcoin derivatives in 2019.Options are financial derivatives that give the holder the right but not the obligation to buy or sell a specific asset at a predetermined price at some point in the future.For example, you could buy a bitcoin call option with a strike price of $5,000 and a maturity of three months. Should the price of bitcoin (BTC) exceed the $5,000 strike price, then your call option would be “in-the-money” and you would make a profit. Should the price of BTC not hit the strike price, then the option will expire and become worthless. At that point, however, you only lose the initial investment that went into buying the option.Options provide a great way to hedge financial risk against unexpected events or to bet on the volatility of financial assets, such as cryptocurrencies. However, it is something for professional traders who have experience in derivatives trading. Beginners should avoid trading bitcoin derivatives.BitMEX is a leading bitcoin derivatives exchange. Launched in 2014, the Hong Kong-based exchange was one of the first exchanges to offer bitcoin futures.BitMEX allows you to trade ten different digital assets in the futures markets including bitcoin (BTC), ether (ETH), Dash (DASH), monero (XMR) and more. The platform has a simple fee structure that includes:While BitMEX is mainly recognised as a futures exchange, you are still able to structure a ‘synthetic’ option from a futures contract. In the case of BitMEX, the platform offers a special futures contract called the ‘limited loss’ contract. This is a futures contract that has a set maximum loss that the trader will incur before their position is immediately liquidated. This deviates from traditional futures markets where instead of a liquidation, you will receive a margin call. In that case, if you are unable to meet your margin call you are still responsible for losses. Therefore, options are a less risky proposition than standard futures contracts.When you are trading on the platform, you will need to establish an initial margin for the position. The margin can be considered parallel to the option premium that you put up on a “traditional” bitcoin option. However, should the price of the futures contract drop then the BitMEX liquidation engine will terminate your position before it wipes out your capital.BitMEX has a daily volume of close to $1 billion with more BTC/USD liquidity than any other platform, according to CoinMarketCap. Still, while these futures contracts may appear like an attractive instrument, they are not pure option instruments. Consequently, they may not react well to volatility adjustments and other market conditions compared to traditional options.Deribit is an Amsterdam-based bitcoin futures and options exchange. The platform was founded in 2016 by John Jansen a former trader on the Amsterdam futures exchange.Deribit has a simple user interface that displays a variety of bitcoin options, including expiry dates and strike prices. Moreover, Deribit is one of the only exchanges that have standardized bitcoin options making it a go-to platform for cryptocurrency options traders.The platform charges a 0.04 percent fee on the option being traded of the underlying or 0.0004 BTC/option contract. There are no minimum deposit requirements since the size of the contracts are determined by the market. You can view a complete fee structure on the site.Having said that, even though the volumes are a bit sparse, Deribit option order books should suffice for most traders.LedgerX is the only US regulated spot and options exchange for bitcoin.LedgerX is able to structure an option for you and find a counterparty to trade on the market. Also, it will facilitate the transaction and ensure that the option writer has enough money in their account to cover the position. The platform offers a range of strikes from $2,000 up to $50,000 for terms that expire in 2020.The site charges a $10 fee for USD withdrawals and 0.005 BTC for bitcoin withdrawals. The  trading fees vary depending on the contracts and expiry dates.LedgerX is a CFTC registered Swap Execution Facility (SEF) and Derivatives Clearing House (DCO), and therefore, to trade you need to be an eligible swap candidate. To achieve this you have to meet a few requirements including having a minimum of $1 million in investable assets (digital or otherwise).Quedex is a bitcoin futures and options exchange. Launched in 2017, the Gilbratar-based exchange offers options wholly compatible with inverse futures standard. Quedex allows you to trade and hedge both sides utilising a number of options strategies.In terms of fees, the platform allows you to earn 0.02 percent for each maker trade while paying 0.03 percent on a taker trade on BTC options and futures. This makes it one of the most affordable bitcoin options platform out there. In addition, you can undertake margin trading with up to 10x leverage on bitcoin options and 25x leverage on bitcoin futures.This bitcoin options trading platform is easy to navigate and provides cold storage for your bitcoin funds. However, it is important to note that Quedex is currently still running in beta mode.If you want to get involved in investing in digital assets, check out our guide of the best cryptocurrency exchanges in 2019. Additionally, if you want to learn more about bitcoin and how to invest in it, check out our review of the best bitcoin courses that you can take online.

SPONSORED POST Cryptogeek is a review platform focused on cryptocurrency and blockchain-related brands. The website was launched in 2019 by an international team of financial journalists and cryptocurrency enthusiasts. “All you need to know about cryptocurrency companies” reads the motto on the homepage of the Cryptogeek website. Indeed, the platform provides much information pulled from numerous sources in several languages. Currently, the information on the website is available in English, French, German, Italian, Russian, Portuguese, and Spanish languages. It’s fair to say that the richest knowledge base is available in English. We have mentioned that the information on Cryptogeek originates from several sources. First off, the platform provides objective expert reviews about numerous cryptocurrency-related platforms (exchanges, wallets, mining pools, etc). These texts are written by Cryptogeeks authors and include a thorough description of the brand (its history, features, advantages, shortcomings, security measures, reputation, and so on). Moreover, the same authors write the analytic articles and guides for the Blog section of the Cryptogeek website. Another source of information is user reviews. This feature is special because the visitors of Cryptogeek can quickly get the impression of the brand from the first hand. Users write short reviews under the expert review and rate the brands given them 1 to 5 stars. Besides the reviews and ratings made by the Cryptogeek authors and visitors, there is an automated rating of exchanges based on the sophisticated algorithm. It is called TrustScore. It estimates the rating based on numerous parameters associated with the brand. The underlying mechanism is given on the website so everyone can decide if it’s fair enough. Currently, there are over 700 brands presented at Cryptogeek. To date, not all of them have full-length descriptions but the company is working on providing each brand with a detailed review. The platform users are active, too. The employees of the crypto-businesses can request the addition of their company through filling the short form on the website. In the upper part of the website, there is a menu with a search field, Categories menu, Compare Exchanges tab, Blog tab, language switcher, and the Add Company button. The search field helps to find the brand by entering its name (partial or full name). In the Categories, pop-up menu one can choose between types of brands for further search. There are the following options: Exchanges, Projects (ICOs), Wallets, Media (Informational platforms), Coins, Tools (cryptocurrency-related software such as bots, etc), Mining, Games, Software (the companies developing the blockchain-related or blockchain-based software), and Ecosystems. Obviously, such diversity means that Cryptogeeks are going to cover as much information about the cryptocurrency market as possible. Compare Exchanges tab provides a tool of snap comparison of the exchanges by certain parameters. It’s understood that it is possible to compare only the exchanges featured on Cryptogeeks (but there are lots of them already). The parameters include the following information: founding date, country, core type (centralized/decentralized), supported languages, mobile platforms, trading volume, the number of trading pairs, the number of supported coins, the number of supported fiat currencies, deposit fee, trading fees, support for margin trading, support for 2fa, the legal status of the exchange, TrustPilot rating, TrustScore rating, Cryptogeek user rating, number of followers on social media, and contact data. For many potential users comparison by these parameters can be enough to decide to not use one of the platforms and prefer to try the other one. All these data are delivered in one click. That’s a convenient tool although it’s better to combine it with reading the user reviews. Blog tab takes a visitor to the Cryptogeek blog where it’s possible to read guides, analytic articles, and further useful info on different topics associated with the world of cryptocurrencies. Among the latest headlines, there are “CoronaCoin: Price is human lives”, “Jaxx vs Coinomi – Which One To Use?”, “John McAfee Net Worth 2020”, “Top 14 Litecoin Mining Pools – Which One To Use?”, and others. As you can see, the range of topics is quite wide. Also, the blog contains the price forecasts of several cryptocurrencies. Those who want to add their company to the website should fill out a short form consisting of the following blocks: company name, a short company description (location, main features, and so on), the requester’s name, and her/his email address. Cryptogeek encourages the representatives of featured companies to request the platform for updates of info about brands and correct found inaccuracies. In general, this young platform is quite ambitious and content-rich. The main feature of Cryptogeek is its practical purpose. The platform is interactive so the crypto-community can use it to share the experience while the companies featured on the website can control the relevancy of the presented information about their features. !function(f,b,e,v,n,t,s) (document, 'script', 'facebook-jssdk')); Source: d>review/