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buy5starshop66 · 1 year
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Buy Verified Coinbase Account
Buy Verified Coinbase Account
If you have a Coinbase Pro account, then you can buy and sell cryptocurrency. The Coinbase Pro platform has an easy design that makes it easy to use. It also allows users to buy and sell Bitcoin, Ethereum, Litecoin and other cryptocurrencies through their app or website using the same account they use for trading cryptocurrencies on exchanges like Binance or Hudoba.
Coinbase Pro takes security very seriously so they have implemented several measures in order to ensure that your funds remain safe while using their platform: Buy Verified Coinbase Account
Buy US Verified Coinbase Accounts :
Buy Verified Coinbase Account. Buying or selling cryptocurrencies through Coinbase requires a personal account address in one of the supported countries and valid bank account or other payment method. If you live in a country where Coinbase is not available, we recommend purchasing Ethereum Coin (ETH) directly from an exchange site. For selling your Ethereum Coin to us, you can use any supported cryptocurrency such as Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH) or Binance Coin (BNB). You may also make cash deposits at thousands of MoneyGram locations worldwide using dollars only. Buy Verified Coinbase Account
Use this method if you are a coin base pro trader. It is not recommended for everyday traders because it may get banned from coinbase.
What kind of us verified coinbase accounts buy from you?
Coinbase Pro (formerly called “Coinbase Vault”) — This is the most popular option. It lets you buy and sell bitcoins and other cryptocurrencies, but not other digital assets like bitcoin cash or ethereum classic. Buy Verified Coinbase Account
Coinbase Prime — A version of the above, which adds more advanced features and security measures to your account. You can also use this service if you’re an institution or hedge fund wanting to trade large amounts of crypto at low fees — the minimum investment per trade is $10 million worth of coins or tokens.
Coinbase Institutional Accounts — For institutions such as banks and brokerages who want to set up their own cryptocurrency trading desk with access to high-liquidity pools that pool together all currencies being traded on Poloniex exchange; these accounts are unavailable through traditional means (i.e., via a software install) but can be obtained through one of two methods: either signing up for an invitation only program run by select partners who have partnered with reputable firms in this space; OR going through one of these partners directly themselves Buy Verified Coinbase Account
How do you fully verify crypto?
There is no surefire way to fully verify crypto, as the underlying technology is still in its early stages of development. However, there are a few things you can do to ensure that your investment is as safe as possible:
1. Do your research. Make sure you understand the technology behind the crypto you’re interested in, and the potential risks involved. Buy Verified Coinbase Account
2. Use a reputable exchange. Choose an exchange that has a good reputation and is well-regulated.
3. Store your crypto in a secure wallet. This will help protect your investment from hackers and other risks.
How do you get a verified coinbase account?
To get a verified Coinbase account, you will need to provide the following information: Buy Verified Coinbase Account
A verified phone number. This is the only way that Coinbase can confirm your identity and ensure that you are who you say you are.
A verified address. If your name is not on an item (such as a check or credit card), then it’s important for them to have an address so they can send money back out of their account if necessary.
An email address associated with this account (this should be a working one; otherwise, they’ll just send emails back). If something goes wrong with this one at some point in time, it could cause problems down the road when trying to get refunds or help from customer service agents at Coinbase themselves! A good rule of thumb here would be: “If I don’t need my identity verified by someone else before handing over sensitive documents like passports,” then why bother doing so?” Buy Verified Coinbase Account
get verified coinbase account
If you are looking to buy a verified Coinbase account, then this is the perfect place for you. We have been in business since 2017 and we have helped thousands of people buy their first cryptocurrency with usa Verified Coinbase accounts are important for all businesses because they give the impression of legitimacy which increases trust in their brand. This makes it easier for people who know about cryptocurrency to buy from you instead of shopping elsewhere where they might be less informed or skeptical about the merchant’s background or reputation. Buy Verified Coinbase Account
The best part about buying verified coinbase accounts is that they will have a positive impact on your bottom line by increasing sales conversion rates (the percentage of visitors who convert into paying customers).
You can have 2 verified Coinbase accounts at the same time.
For example, if you have an account with verified Coinbase Pros, then it’s possible for you to add another verified account from them and link them together as a team. However, this is not possible with regular accounts as there is no way of linking two regular accounts together (you will only be able to link one).
Yes, you can have 2 verified coinbase accounts. You can have a personal and a business account. Even better, you will be able to use these 2 accounts with the same name!! Buy Verified Coinbase Account
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best5starshopusait · 2 years
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Buy Verified Coinbase Account
Buy US Verified Coinbase Accounts
Buy Verified Coinbase Account. Buying or selling cryptocurrencies through Coinbase requires a personal account address in one of the supported countries and valid bank account or other payment method. If you live in a country where Coinbase is not available, we recommend purchasing Ethereum Coin (ETH) directly from an exchange site. For selling your Ethereum Coin to us, you can use any supported cryptocurrency such as Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH) or Binance Coin (BNB). You may also make cash deposits at thousands of MoneyGram locations worldwide using dollars only.
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There are three main types of verified Coinbase accounts:
Coinbase Pro (formerly called “Coinbase Vault”) — This is the most popular option. It lets you buy and sell bitcoins and other cryptocurrencies, but not other digital assets like bitcoin cash or ethereum classic.
Coinbase Prime — A version of the above, which adds more advanced features and security measures to your account. You can also use this service if you’re an institution or hedge fund wanting to trade large amounts of crypto at low fees—the minimum investment per trade is $10 million worth of coins or tokens.
Coinbase Institutional Accounts—For institutions such as banks and brokerages who want to set up their own cryptocurrency trading desk with access to high-liquidity pools that pool together all currencies being traded on Poloniex exchange; these accounts are unavailable through traditional means (i.e., via a software install) but can be obtained through one of two methods: either signing up for an invitation only program run by select partners who have partnered with reputable firms in this space; OR going through one of these partners directly themselves
Buy Coinbase pro accounts
If you have a Coinbase Pro account, then you can buy and sell cryptocurrency. The Coinbase Pro platform has an easy design that makes it easy to use. It also allows users to buy and sell Bitcoin, Ethereum, Litecoin and other cryptocurrencies through their app or website using the same account they use for trading cryptocurrencies on exchanges like Binance or Hudoba.
Coinbase Pro takes security very seriously so they have implemented several measures in order to ensure that your funds remain safe while using their platform:
No physical access required: You don’t need any special permissions from anyone when sending money through this service because all transactions are done over the internet securely via SSL connections (https://). This means that nobody can see what happens between both parties unless they’re able-bodied enough
How do you fully verify crypto?
There is no surefire way to fully verify crypto, as the underlying technology is still in its early stages of development. However, there are a few things you can do to ensure that your investment is as safe as possible:
1. Do your research. Make sure you understand the technology behind the crypto you’re interested in, and the potential risks involved.
2. Use a reputable exchange. Choose an exchange that has a good reputation and is well-regulated.
3. Store your crypto in a secure wallet. This will help protect your investment from hackers and other risks.
How do you get a verified coinbase account?
To get a verified Coinbase account, you will need to provide the following information:
A verified phone number. This is the only way that Coinbase can confirm your identity and ensure that you are who you say you are.
A verified address. If your name is not on an item (such as a check or credit card), then it’s important for them to have an address so they can send money back out of their account if necessary.
An email address associated with this account (this should be a working one; otherwise, they’ll just send emails back). If something goes wrong with this one at some point in time, it could cause problems down the road when trying to get refunds or help from customer service agents at Coinbase themselves! A good rule of thumb here would be: “If I don’t need my identity verified by someone else before handing over sensitive documents like passports,” then why bother doing so?”
Our service gives-
 100% consumer satisfaction  Coinbase Email and password.  Verified Phone: Any Countrys Phone Verify.  Personal and business accounts  100% phone verified USA, UK and other countries  Real gmail used USA, Uk and other countries  100% full document verified  SNN code and Router number  Driving license (Front and back)  Passport number or passport card  Replacement guaranteed within short time  Money back guarantee 100%
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Ready-made crypto exchange clone - Pulsehyip
Create your Peer to Peer crypto exchange clone with our Ready-Made clone business model. Pulsehyip is the Leading crypto exchange service providers in this IT field. We launch an N number of business solution for many industries and startups. Our well-grounded developers provide the best business journey for those who are eager to Start a crypto exchange model with clone websites script.
Are you the one who willing to start the business with exchange clone script, then this is the right platform for your crypto exchange business package development. We provide the end to end customized solution with bug-free support. We can develop a clone script business model for the crypto exchange-listed below.
What is Crypto Exchange Clone Script?
Cryptocurrency Exchange Clone script is generally inspired from an existing website of their unique design, features, and performance. The clone concept getting the overall idea from the existing system which has been already lived in online, By improving with some added features and designs the improved version of our work will be handover to the client.
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By preferring Clone script it helps us to save a decent amount from our investment and reduce the time with cost-effective manner. Therefore clone script is the perfect solution for a new startup, it helps you to save the amount from your investment and maximize the scope of success. Want to know more about the types of business clone for crypto exchange. Then, Check out the benefits and the work types of these crypto exchange clone scripts.
Binance Clone Script
Binance is the largest cryptocurrency exchange platform, over 4 million active users are available for per day. This trading system supports multi-languages and more than 50 cryptocurrency coins for the transaction. In recent time binance gain more traffic as it allows the user to pay a quite amount for their transaction fees.
For this cost-effective terms, Binance gains huge user follow-ups for the crypto trading business. This exchange system based on Japan and Tokyo country. Also, Binance accepts global exchange transaction in a real-time manner. Read more about Binance clone script
Localbitcoins Clone Script
LocalBitcoins is one of the most famous bitcoins marketplace that permits users to publish ads or submit their requests to buy or sell bitcoins.
A user can buy a cryptocurrency by mentioning the price and the amount of cryptocurrency they are willing to purchase and pay for a unit that helps to choose and buy whether from nearby people or from anyone all over the world via internet without considering geographical limitations. Read more about Localbitcoins clone script
Paxful Clone Script
Paxful is a well known Bitcoin marketplace which facilitates the peer to peer connectivity between the buyers and the sellers.
Its success was accelerated by the various provisions provided by the platform. Its unique “multiple payment options” for its users to trade with anyone and other options to buy bitcoins easily without any hasty business are some specified reasons. Read more about Paxful clone script
Wazirx Clone Script
Wazirx is the trusted and popular exchange which allows peer to peer exchange of cryptocurrencies like Bitcoin, Ethereum, Litecoin etc.
Wazirx has the feature such as live open order book, system of trading and charting along with simple user interface. Read more about Wazirx clone script
OKEX Clone Script
OKEX is the trusted exchange platform, which allows the professionals to trade tokens with fiat currency conveniently. It is the world largest crypto exchange solution, which is planning to build it with blockchain decentralized manner.
Okex specialty is the trader can trade 100 types of a token in one order. These leading platforms work through to customer to customer exchange services, which allows users to buy and sell the cryptocurrencies or digital assets. Read more about Okex clone script
CoinBase Clone Script
Coinbase is the powerful cryptocurrency exchange script which supports both Fiat to crypto and crypto to Fiat, with simple and elegant design platform. It has a wide range of exchange and trading features; it supports most popular digital currencies.
It is one of the best crypto exchange with the highest volume on trader density. In this wallets, private keys are stored by using AES-256 encryption method. The main reason to choose coinbase is simplicity and user-friendly. Also, it is too flexible for a centralized and decentralized system. Read more about Coinbase clone script
Poloniex Clone Script
Poloniex is the pure centralized exchange platform in this crypto market. It is developed with advanced trading options with a top-notch security system for traders. This is one of the top most searched clone script from traders.
In this Poloniex exchange system, traders can only exchange through crypto to a crypto transaction; Fiat money to cryptocurrency won't support by this clone script. It accepts a global exchange transaction, that anyone can transact their currency from any country for trading. It doesn't have any laws against the cryptocurrency trading. Read more about Poloniex clone script
Remitano Clone Script
Remitano is a p2p cryptocurrency exchange platform launched from 2016 with Seychelles based crypto exchange in buying and selling of digital assets.
Remitano works with an escrow services system in which the seller can perform their selling to trade bitcoin. It is directly sent to the Escrow wallet in which cryptocurrencies undergone in the Remitano exchange aid the customers in countries like united states, united kingdom, Malaysia, India and a lot more. Read more aboutRemitano Clone Script
Bitfinex Clone Script
Bitfinex is the Peer to Peer trading solution, which it accepts multiple cryptocurrencies and fiat money transaction. In this clone script, users can allow trading cryptocurrencies against cryptocurrencies and Crypto to Fiat currencies. In order to these types, Bitfinex trading system gets occur.
Nearly 75 currencies listed in Bitfinex, with this advance features traders can visualize the price range orders. Read more about Bitfinex Clone Script
Bitstamp Clone Script
Bitstamp clone script is the user-friendly crypto trading system, it is especially popular in European countries. It is one of the safest bitcoin exchange platforms for buyer and seller. While comparing to other crypto exchanges Bitstamp exchange stays top with notable success.
The reasons why users preferring Bitstamp is, because of its trustworthy, trading speed, secure transaction Bitstamp sustain at the top on the cryptocurrency market. The competitors for Bitstamp are CoinBase, Kraken, Bitfinex.
Why Hire us?
We are here to develop the extraordinary exchange clone scripts for your business models. Pulsehyip had satisfied our client needs on building crypto exchange solution. Our latest and advanced features simplify the process of managing your crypto business. We also provide free online clone script software demo to make the informed decision before you buy. Pulsehyip provides everything you’ll need and make sure you stand out from the competitor.
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Rating for FatBTC
Trust  9.6/10 
FatBTC exchange has a great reputation online although the community is still growing.
 Fees 9.8/10
The exchange’s 0.2% trading fee is attractive and below average.
 Customer Support 9.2/10
The exchange answers to inquiries fast and professionally.
 Ease of Use 9.5/10
It is easy to trade on FatBTC with the exchange's currencies.
 Overall rating:
The true user experience of FatBTC will be evaluated as the community grows. Its liquidity grows high, making it easy for traders to feel attracted to the exchange.
 Is FatBTC reliable? - Full Exchange Review
 Quick inner navigation:
What is FatBTC?
FatBTC Fees
FatBTC Verification
Special Features
How to use FatBTC?
Although there are over a dozen cryptocurrency exchanges with high reviews, traders are always looking for new trading platforms to experiment with. Coinmarketcap.com lists 212 exchanges, some with 24 hours trading volumes of more than $700000. FatBTC, a global exchange, ranks 22th with a daily trading volume of $17 million. The biggest exchange based on daily trading volume is BitMex, an exchange most notable for trading Bitcoins against US dollars. The largest cryptocurrency to cryptocurrency exchange is Binance, with a 24-hour trading volume of $1.84 billion. Bitfinex comes in third and popular US-based exchange, GDAX, ranks eighth.
 FatBTC ranks at number 8, has gained a lot of popularity since December 2017. The company claims to now have more than 100,000 daily traders. The following FatBTC exchange review explores all the important aspects of the trading platform.
 What is FatBTC?
Launched in 2014,  FatBTC targeted global traders. The official language on the website is now available in multiple languages, such as English, Chinese(Trading), Chinese (Simplified), Portuguese, Spanish,Russian and etc. It lists more than 100 cryptocurrencies, both popular and less popular cryptocurrencies. The exchange offers four main services:
► Purchase of Bitcoins can use USD, EUR, VND through bank transfer
► An online cryptocurrency wallet
► Purchase and selling of cryptocurrencies
► Speculative investment exchange, Fatcoin 
The platform has been open and welcoming to traders from all parts of the world.
 There are currently no limits to buying or selling any of the cryptocurrencies listed on the exchange. The average daily trading volume for Ethereum against Bitcoins, for example, is $36,800. With such a trading volume, an investor who purchases ether coins worth $10,000 and above will have trouble buying or selling the coins.
 Buying Payment Method
As a market, FatBTC facilitates buying of the following cryptocurrencies using USD, EUR, VND via bank transfer: Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Ripple, DogeCoin, EOS, Dent, Dragon Coin, Kin Coin.
If you live outside China, you can fund your account using Bitcoins or Ethereum coins. You also have the option to add funds using popular altcoins Like Bitcoin Cash and Ripple.
 Selling Payment Methods
FatBTC pairs most cryptocurrencies with Bitcoin, Ethereum.You can sell any cryptocurrencies, or receive Bitcoins or ether coins. According to the website’s daily trading volume, most traders sell their cryptocurrencies in either Bitcoins.
 Available Cryptocurrencies
At the time of writing, FatBTC Lists 24 cryptocurrencies. Most of the coins on the exchange contribute Less than 5% of daily trading volumes. In fact, Bitcoin, Ethereum and Bitcoin Cash contribute 84% of the exchange’s daily trading volume.63.35% of all trading involves Chinese Yuan and Bitcoins. The top 13 cryptocurrencies contribute less than 1% of daily trading volumes. Bitcoin, Bitcoin Cash, Litecoin, and EOS are the top most popular cryptocurrencies on FatBTC.Less popular but rising cryptocurrencies on the exchange include TRON, Electra, and Dogecoin. 
 FatBTC Fees 
With fixed 0.2% trading fees, the FatBTC exchange has Lower fees than most exchanges. FatBTC exchange has lower fees than most exchanges. The average trading fee is 0.25%, with a few exchanges offering up to 1%. Here is how FatBTC fares regarding fees compared to popular cryptocurrency exchanges. Some exchanges charge a maker versus taker fee, whereby sellers, who provide Liquidity to the coin, are makers. Takers are traders buying the coins. Some exchanges charge a fixed trading fee irrespective of whether you are buying or selling a cryptocurrency. 
 Exchange Maker Taker Fixed fee
GDAX 0% 0.25%
Bitfinex 0.1% 0.2%
HitBTC 0.1%
Binance 0.1%
Poloniex 0.15% 0.25%
Kraken 0.16% 0.26%
 As you can see above, only Binance and HitBTC beat FatBTC in fees. However, FatBTC does not charge deposit fees, while some exchanges that purport to charge low or no trading fees do. The exchange does, however, charge a slightly high withdrawal fee of 0.5% Bitcoins.
 FatBTC Verification
Creating an account on the trading platform is fast and easy. To register, the exchange asks for your email address where they send a verification code. Once you enter the code, you can create a password and log in immediately. No additional details are requested.
 FatBTC Special Features
► Bonus Giveaways
To attract more traders to the platform, FatBTC is constantly offering bonuses and gifts to their traders. When promoting the introduction of Newifi Gold, for example, the exchange promised to giveaway a Tesla electric car, a tour, Apple devices, and bonuses to the top 10 traders.
► Live Announcements
The trading platform has an announcement tab on the left corner where news and important information is regularly updated. On top of that, there is a live chatbox where you can ask for assistance 24/7.
  ► Customer Support
The exchange has three main ways mode of communication with traders:
► A live chatbox.
► A ticket system where traders can submit their messages.
► Social media on Telegram, email, and Twitter.
So far, there have been no significant complaints about the exchange's customer support. If anything, most traders appreciate the exchange’s quick customer care.
  How to use FatBTC?
The trading platform has a fairly easy user interface. You can access any of the services on FatBTC by following these steps:
 Step 1: Create an Account
As already mentioned, creating an account on the exchange only requires a genuine email address. Through the email address, the exchange provides a verification code which helps you create an account. Verification to log in on the exchange is your email address and a password.
 Step 2: Fund your Account
Except for Chinese traders who can fund their accounts using the local currency, most traders will have to fund their accounts using Bitcoins or Ethereum.FatBTC provides a deposit address unique to each cryptocurrency. Fund your account with a minimum of 0.05Bitcoins, and you can begin trading on the exchange.
 Step 3: Trade
This exchange is a little bit unique. The website separates trading into four:
► Bitcoin Market
► Ethereum Market
► Fatcoin Market
 Step 4: Withdraw Funds
As already mentioned, the minimum coin withdrawal amount is an equivalent of 0.05 Bitcoins. There is a fixed withdrawal fee of 0.005 Bitcoins. The Deposit and Withdrawal tab can be accessed on the far right corner of your screen. When depositing coins, you lock them with a unique password that you also use when withdrawing them.
 In a Nutshell
FatBTC is fast-growing, thanks to a user-friendly, responsive website and good customer support It’s fast-growing, thanks to a user-friendly, responsive website and good customer support. 
 Thank you for reading our FatBTC review above. Hopefully, it will help you make an informed decision of whether to trade on the platform or not.
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yvesonionsus-blog · 5 years
Text
Rating for FatBTC
Trust  9.6/10 
FatBTC exchange has a great reputation online although the community is still growing.
 Fees 9.8/10
The exchange’s 0.2% trading fee is attractive and below average.
 Customer Support 9.2/10
The exchange answers to inquiries fast and professionally.
 Ease of Use 9.5/10
It is easy to trade on FatBTC with the exchange's currencies.
 Overall rating:
The true user experience of FatBTC will be evaluated as the community grows. Its liquidity grows high, making it easy for traders to feel attracted to the exchange.
 Is FatBTC reliable? - Full Exchange Review
 Quick inner navigation:
What is FatBTC?
FatBTC Fees
FatBTC Verification
Special Features
How to use FatBTC?
Although there are over a dozen cryptocurrency exchanges with high reviews, traders are always looking for new trading platforms to experiment with. Coinmarketcap.com lists 212 exchanges, some with 24 hours trading volumes of more than $700000. FatBTC, a global exchange, ranks 22th with a daily trading volume of $17 million. The biggest exchange based on daily trading volume is BitMex, an exchange most notable for trading Bitcoins against US dollars. The largest cryptocurrency to cryptocurrency exchange is Binance, with a 24-hour trading volume of $1.84 billion. Bitfinex comes in third and popular US-based exchange, GDAX, ranks eighth.
 FatBTC ranks at number 8, has gained a lot of popularity since December 2017. The company claims to now have more than 100,000 daily traders. The following FatBTC exchange review explores all the important aspects of the trading platform.
 What is FatBTC?
Launched in 2014,  FatBTC targeted global traders. The official language on the website is now available in multiple languages, such as English, Chinese(Trading), Chinese (Simplified), Portuguese, Spanish,Russian and etc. It lists more than 100 cryptocurrencies, both popular and less popular cryptocurrencies. The exchange offers four main services:
► Purchase of Bitcoins can use USD, EUR, VND through bank transfer
► An online cryptocurrency wallet
► Purchase and selling of cryptocurrencies
► Speculative investment exchange, Fatcoin 
The platform has been open and welcoming to traders from all parts of the world.
 There are currently no limits to buying or selling any of the cryptocurrencies listed on the exchange. The average daily trading volume for Ethereum against Bitcoins, for example, is $36,800. With such a trading volume, an investor who purchases ether coins worth $10,000 and above will have trouble buying or selling the coins.
 Buying Payment Method
As a market, FatBTC facilitates buying of the following cryptocurrencies using USD, EUR, VND via bank transfer: Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Ripple, DogeCoin, EOS, Dent, Dragon Coin, Kin Coin.
If you live outside China, you can fund your account using Bitcoins or Ethereum coins. You also have the option to add funds using popular altcoins Like Bitcoin Cash and Ripple.
 Selling Payment Methods
FatBTC pairs most cryptocurrencies with Bitcoin, Ethereum.You can sell any cryptocurrencies, or receive Bitcoins or ether coins. According to the website’s daily trading volume, most traders sell their cryptocurrencies in either Bitcoins.
 Available Cryptocurrencies
At the time of writing, FatBTC Lists 24 cryptocurrencies. Most of the coins on the exchange contribute Less than 5% of daily trading volumes. In fact, Bitcoin, Ethereum and Bitcoin Cash contribute 84% of the exchange’s daily trading volume.63.35% of all trading involves Chinese Yuan and Bitcoins. The top 13 cryptocurrencies contribute less than 1% of daily trading volumes. Bitcoin, Bitcoin Cash, Litecoin, and EOS are the top most popular cryptocurrencies on FatBTC.Less popular but rising cryptocurrencies on the exchange include TRON, Electra, and Dogecoin. 
 FatBTC Fees 
With fixed 0.2% trading fees, the FatBTC exchange has Lower fees than most exchanges. FatBTC exchange has lower fees than most exchanges. The average trading fee is 0.25%, with a few exchanges offering up to 1%. Here is how FatBTC fares regarding fees compared to popular cryptocurrency exchanges. Some exchanges charge a maker versus taker fee, whereby sellers, who provide Liquidity to the coin, are makers. Takers are traders buying the coins. Some exchanges charge a fixed trading fee irrespective of whether you are buying or selling a cryptocurrency. 
 Exchange Maker Taker Fixed fee
GDAX 0% 0.25%
Bitfinex 0.1% 0.2%
HitBTC 0.1%
Binance 0.1%
Poloniex 0.15% 0.25%
Kraken 0.16% 0.26%
 As you can see above, only Binance and HitBTC beat FatBTC in fees. However, FatBTC does not charge deposit fees, while some exchanges that purport to charge low or no trading fees do. The exchange does, however, charge a slightly high withdrawal fee of 0.5% Bitcoins.
 FatBTC Verification
Creating an account on the trading platform is fast and easy. To register, the exchange asks for your email address where they send a verification code. Once you enter the code, you can create a password and log in immediately. No additional details are requested.
 FatBTC Special Features
► Bonus Giveaways
To attract more traders to the platform, FatBTC is constantly offering bonuses and gifts to their traders. When promoting the introduction of Newifi Gold, for example, the exchange promised to giveaway a Tesla electric car, a tour, Apple devices, and bonuses to the top 10 traders.
► Live Announcements
The trading platform has an announcement tab on the left corner where news and important information is regularly updated. On top of that, there is a live chatbox where you can ask for assistance 24/7.
  ► Customer Support
The exchange has three main ways mode of communication with traders:
► A live chatbox.
► A ticket system where traders can submit their messages.
► Social media on Telegram, email, and Twitter.
So far, there have been no significant complaints about the exchange's customer support. If anything, most traders appreciate the exchange’s quick customer care.
  How to use FatBTC?
The trading platform has a fairly easy user interface. You can access any of the services on FatBTC by following these steps:
 Step 1: Create an Account
As already mentioned, creating an account on the exchange only requires a genuine email address. Through the email address, the exchange provides a verification code which helps you create an account. Verification to log in on the exchange is your email address and a password.
 Step 2: Fund your Account
Except for Chinese traders who can fund their accounts using the local currency, most traders will have to fund their accounts using Bitcoins or Ethereum.FatBTC provides a deposit address unique to each cryptocurrency. Fund your account with a minimum of 0.05Bitcoins, and you can begin trading on the exchange.
 Step 3: Trade
This exchange is a little bit unique. The website separates trading into four:
► Bitcoin Market
► Ethereum Market
► Fatcoin Market
 Step 4: Withdraw Funds
As already mentioned, the minimum coin withdrawal amount is an equivalent of 0.05 Bitcoins. There is a fixed withdrawal fee of 0.005 Bitcoins. The Deposit and Withdrawal tab can be accessed on the far right corner of your screen. When depositing coins, you lock them with a unique password that you also use when withdrawing them.
 In a Nutshell
FatBTC is fast-growing, thanks to a user-friendly, responsive website and good customer support It’s fast-growing, thanks to a user-friendly, responsive website and good customer support. 
 Thank you for reading our FatBTC review above. Hopefully, it will help you make an informed decision of whether to trade on the platform or not.
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tradingbotbinance · 5 years
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Information On Kraken Trading Bot
When you would like to excite your crypto trading, gunbot is a perfect choice. It grants you to full business hours. Gunbot is not a cloud service as several other bots. It gathers no information at all of the businesses users make because gunbot is perhaps the most isolation-friendly exchanging bot out there. Your businesses are something inside your exchange and you. Bitmex, Binance, Bittrex, Bitfinex, Kukoin, Coinbase Pro, Cex.io, Poloniex, Huobi and Kraken these are presently supported exchanges. They are continually struggling to add new transactions to make sure that the bot runs on the most famous trades and the ones with an enormous volume. The other trade to continue is Bitmex, and after that, add comfort to get some new prominent trades that have highly requested. Visit the following website, if you are searching for more information about crypto trading bot.
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Gunbot can indulge in various markets at the same time. The most crucial information for you will be to maintain the most crucial quality standards for help. Gunbot gives comfort through email, Telegram group, Skype and Whatsapp. By using gunbot, many business goals are to keep on attaching special characteristics, exchanging plans and receive the very best bot potential. The most dependable crypto trading automation software is gunbot. Gunbot is capable of performing popular business plans such as Ping pong, Emaspread, BBTA, ATRTS, ADX, Gain, Ichimoku, SMACROSS, MACD, MACDH, Bollinger Bands, Stepgain, TSA and TSSL. You can join these exchanging plans and indeed completely customize the exchanging design to your own desires. Just choose your trading plan and the pairs that you wish to exchange with, and Gunbot will implement the full trades hours on your behalf. There is no limit to the number of currencies gunbot can actively buy. You determine whether you would like to exchange just one or businesses together. Gunbot provides unlimited trading pairs.
In gunbot, there is not any limit and restrictions to the many active business pair. It also provides a powerful browser interface. There are in-built browser interface comes from gunbot. Gunbot becomes emerged heavily after its first release. Nowadays, the software is entirely located on community data. You may securely enter the collaborate on the community device, or open access of the net. The work is progress for portable devices, helps two-factor authentication. By the port using, you can run your exchanging plans, allow them to swap pairs and make alterations on the bug. The control panel displays each new companies also folder scales. Moreover, you can observe specific plans developed with the information Gunbot collects from the market like companies are exhibited in specific projects. That determination of your activities makes it simple to boost your exchanging procedures. During the event, you do not wish to last for the bot to put an application. You can set standard forms straight in the Gunbot interface. This further concedes for guide equalising down, as Gunbot works together with the standard cost given for property – despite if Gunbot assigned an application of one did by there own.
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bowsetter · 5 years
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Circle Drops Poloniex Leaving US Crypto Traders High and Dry
According to a blog post published by Circle, the cryptocurrency firm is releasing its subsidiary exchange Poloniex which is now owned by an “Asian investment group.” The trading platform will become an independent company called Polo Digital Assets, Ltd., and after November 1, 2019, U.S. residents will no longer be able to use the platform.
Also read: Ethereum Name Service Adds Infrastructure for Multi-Currency Support
Circle Spins Out Poloniex
Circle, which specializes in digital assets and over-the-counter swaps, has decided to sell the cryptocurrency exchange Poloniex. The terms of the deal are unknown, but Circle paid roughly $400 million for the trading platform in February 2018. In a message to the public, Circle cofounders Sean Neville and Jeremy Allaire disclosed that the exchange will be its own entity known as Polo Digital Assets, Ltd., and it is now backed by an investment agency located in Asia. Circle’s blog post disclosed that Poloniex will be performing “aggressive hiring” and the new entity will spend $100 million on operations management. On October 21, Polo is offering 0% trading fees until the end of the year but U.S. customers received some bad news.
The crypto firm Circle purchased Poloniex in 2018 for $400 million and less than two years later the company announced it was spinning out Poloniex.
“This transition will mean some significant changes for existing U.S. customers of Poloniex,” Circle’s blog post underlines. “As detailed in a separate announcement from the Poloniex team, U.S. customers will no longer be able to trade on the exchange starting on November 1, 2019.” Neville and Allaire’s announcement further details:
U.S. customers will continue to be able to access and use their wallets and withdraw funds through wallet and custody services operated by Circle until at least December 15, 2019.
US Regulations Stifle Digital Currency Businesses
The cofounders mentioned that it was “bittersweet” for the company to release the firm, but also highlighted that Circle “faced challenges as a U.S. company growing a competitive international exchange.” On social media and forums, U.S. residents were flabbergasted by Circle’s announcement. One person wrote that he was “getting really sick of losing access to crypto markets due to being a U.S. citizen.” “Someone needs to put up an easy how-to guide on how to set up an offshore corporation U.S. citizens can put their assets into, and then how to use a VPN to access exchanges,” the individual continued on the Reddit forum r/cryptocurrency.
Is @justinsuntron buying Poloniex?
— Ran NeuNer (@cryptomanran) October 18, 2019
Additionally, the cryptocurrency community discussed the Asian investment group that allegedly purchased Poloniex. Celia Wan and Frank Chaparro from The Block assert “Tron founder Justin Sun is behind Poloniex’s spin-off.” The founder of Digibyte, Jared Tate, remarked that it was “sad to see Poloniex is kicking all U.S. customers off their platform.” Tate added:
One major step backward for crypto in the USA.
U.S. residents have been at a loss when it comes to cryptocurrency exchanges that offer a large assortment of digital currencies. Recently Binance shut down operations in the U.S. for a while and when it returned, the number of tradeable coins was far less. Bitfinex explained that it would “be discontinuing services to our existing U.S. individual customers” in 2017. Last summer Bittrex banned 32 cryptocurrencies from American citizens including QTUM, STORJ, and BCTP.
Poloniex is moving out of the US to focus on international markets.
They won’t even let US customers use their products moving forward.
This will become the norm if the US continues to create an overbearing and/or uncertain regulatory environment.
We must get it right.
— Pomp 🌪 (@APompliano) October 18, 2019
Since 2017, interest in cryptocurrencies has surged and many U.S. states have implemented regulations toward digital currency trading platforms and money transmitters. There are certain states in the U.S. exchanges won’t go near like New York due to the strict Bitlicense guidelines. New York’s measure of regulations and guidelines consists of a 44-page document and lots of upfront fees. When the Bitlicense was enacted into law, cryptocurrency startups like Shapeshift, Poloniex, and Xapo left the state and never returned.
What do you think about Circle parting ways with Poloniex? What do you think about U.S. residents losing more access to cryptocurrency exchanges? Let us know what you think about this subject in the comments section below.
Image credits: Shutterstock, Twitter, Circle, Poloniex, and Pixabay.
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The post Circle Drops Poloniex Leaving US Crypto Traders High and Dry appeared first on Bitcoin News.
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TOP 10 EXCHANGES THAT SUPPORT BITRAGE
The Gunbot community has requested for more market integrations. Be it the top markets or the small markets. Recently, however, Gunbot has been integrated with more than 136 Exchange markets. It has also been known that there would be more than 136 Exchange markets for Bitrage and Gunbot. It has only been possible because of the CryptoCurrency eXchange Trading Library. It has been responsible for making both Gunbot and Bitrange getting equipped with all those numerous integrated cryptocurrency exchanges.
According to the CryptoCurrency Exchange Trading Library, it has been used to not only connect but also trade with the cryptocurrency exchanges as well as payment processing services all over the world. It makes sure to provide rapid access to the market data to analyze, store, and visualize. Apart from that, it also provides algorithmic trading, indicator development, bot programming, strategy backtesting, and even related to software engineering.
TOP 10 EXCHANGES THAT SUPPORT BITRAGE
There are both Supported Cryptocurrency Exchange Markets as well as Certified Cryptocurrency Exchanges for Bitrage and Gunbot. The top ten Exchanges that support Bitrage are given below-
Binance - It provides a platform for trading more than 100 cryptocurrencies.
Coinbase Pro - It makes it easy to buy, sell as well as store cryptocurrencies like Bitcoin, Ethereum, and many more.
Poloniex- This exchange offers maximum security and also advanced trading features.
Kraken - it is considered to be the best cryptocurrency exchange to buy, sell, and trade bitcoins.
Cexio - It is the leading cryptocurrency exchange that offers Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, and many more.
Cryptopia - It is a New Zealand based cryptocurrency exchange.
Bitfinex - It is the largest and most advanced cryptocurrency exchange.
KuCoin - It provides a modern and secure platform to trade between cryptocurrencies.
Bittrex - It is one of the larger cryptos to crypto exchanges that offers a large number of trading pairs into bitcoin, including NeuCoin and Ethereum.
Huobi - It provides the most secure, stable, and reliable digital asset trading and asset management.
Conclusion
Bitrage is trending in the cryptocurrency market with each passing day. People are liking the benefits it is providing to the customers. The article has detailed you on the top 10 stock exchanges that support the use of this trading bot.
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trippydsolutions · 2 years
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Cryptohopper Review: Cryptocurrency Trading Bot Guide
Cryptohopper is a cryptocurrency trading robot designed to help simplify the cryptocurrency trading process and help traders of all experience levels take advantage of their trading opportunities, increase their profits and reduce their chances of losing. Although a number of cryptocurrency robots are available today, such as 3commas, Cryptohopper seeks to empower traders by providing an easy-to-use and fully functional service that allows users to quickly trade multiple cryptocurrencies while addressing their human vulnerabilities. process. The semi-automatic shoe guarantees no profit and simply allows traders to execute smarter trades based on algorithmically programmed trading methods and external signals.
Cryptohopper Overview
The Cryptohopper website states that the project was started by two brothers: Ruud Feltkamp and Pim Feltkamp, ​​one soap opera actor became a successful businessman and the other a good web developer. The two combine their ideas, skills and experience to create a robot that automatically trades for users, operates 24 hours a day, 7 days a week and trades different currencies, while also being compatible with multiple cryptocurrency exchanges through a single application programming interface (API). ). ). The platform is owned and operated by Cryptohopper BV based in Amsterdam in the Netherlands and the domain cryptohopper.com was registered in July 2017. The official site sets up a semi-automatic trading shoe that allows traders to remove human tendencies and emotions from the trading process and instead rely on technically based trading algorithms and programmed methods. Users can also subscribe to external signals, and the manipulative trading solution is targeted at cryptocurrency traders of all levels of experience and informed the team that they have more than 75,000 users. Cryptohopper is compatible with up to 75 cryptocurrencies and nine major exchanges including Binance, Bitfinex, Bittrex, Coinbase Pro, Cryptopia, Huobi, Kraken, Kucoin and Poloniex.
Cryptohopper Features
Functionality - Cryptohopper works as a web solution and has an easy-to-use and intuitive user interface that includes a wide range of features. Users can configure the robot to operate automatically 24/7 and use algorithmic and social marketing. Business strategies can be obtained according to various technical guidelines or according to the activities of third-party marketing experts. Semi-automated trading technology takes place through the integration of APIs with various cryptocurrency exchanges, and the service can be used on any device connected to the Internet, such as a desktop computer, laptop, tablet or mobile phone. Range of tools - The platform offers a good range of trading tools and includes features such as shoe back testing tools, configurable and storable templates, end stops and customizable technical indicators. Users can also rely on indicators such as Stoch, RSI, Bollinger Bands and MACD. Exchange Integration - Cryptohopper is now compatible with nine exchanges including Binance, Bitfinex, Bittrex, Coinbase Pro, Cryptopia, Huobi, Kraken, Kucoin and Poloniex. Support for BitFlyer, Bitstamp, CEX.IO, Cobinhood and HitBTC is coming soon. Customer Support - The platform includes a support team that can be used to resolve any issues. Users can contact the team by sending a support ticket in the support section and can also be contacted via their Twitter account, Telegram group and Facebook. help users navigate the platform. In addition, the team also created the Cryptohopper Academy video library.
How Beginner Friendly is Cryptohopper?
While many trading robots are best suited for more experienced traders, Cryptohopper includes many features aimed at beginners. It includes Hopper Academy, accessible to all members, and gives everyone access to a video library that explains how Cryptohopper works and how best to use the service. Cryptohopper has also created an active community and it should be very useful for new participants in the cryptocurrency trade. There are active Discord and Telegram groups, plus a special forum for members available in English, French, Spanish, Dutch and Portuguese. As a result, new users will be able to communicate and learn from more experienced users around the world and constantly learn. The platform is also designed to be easy to use and does not require any professional programming experience or advanced technical knowledge or skills. In addition, Cryptohopper allows extensive back-testing, and beginners can easily verify that their configurations are working properly by playing and testing settings. Users can see how much they once earned and customize their robots to better understand how everyone works while still learning the ropes.
Is Cryptohopper Safe?
The project is very active on social networks and has many users, and new members can also browse Reddit's posts to communicate with previous users and measure general sentiment to the project. . However, there is limited information on who supports the project, even if the company publishes information about the Dutch company and is registered as Cryptohopper BV, Johan van Hasseltweg 18A 1022 WV, Amsterdam, The Netherlands.As with all trading bots, users do not have to transfer money to an account managed by bot developers, because bots normally work through an API that allows them to trade on the appropriate exchanges. You must provide your API keys to your preferred exchanges, and these keys give the robot limited access to your account for trading purposes.In addition, robots will not gain the right to choose, and if data is hacked or compromised, bad actors will not have direct access to your resources. The Cryptohopper team has also established working relationships with some of the industry's leading exchanges, and users can also set up two-factor authentication (2FA) to better secure their accounts. .
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polojoin01-blog · 6 years
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Income Bitcoin ABC And SK Money Bitcoin In comparison Which Is Greater?
The fourth-premier marketplace price of Bitcoin Cash Encryption Currency (Bitcoin Cash ABC Wallet) will be witnessed on Wednesday, November fifteen following the Ecu Local community Centre is divided into two opposite places, looking at its currency, known as Provo. 1st, BitCoin ABC Roger actively defended the evangelist Ecu E two, BitCoin SV, and promoted Craig and Ernest Satoshi to Nakamoto.
Is The Fork As well Difficult? The blockchain divides the functions of the sector into the background of the very same thread as all the objects stored in the network, ie the new transcribed string. The video cable can't go all the material common to a single facet of the department. The cryptocurrency updates the trader. The recently up-to-date blockchain is still the successor to the authentic blockchain, and the outdated principles are now configured to be compatible. If there is no settlement, the developer's modernization, who can determine to split the break up portion, divide the total tale, it can be available. This is the circumstance for other forks, bitcoin funds (collector BCHAC). How To Get A New Currency? Encrypted Forex Trade (Easy Technique) The easiest way is to change two cryptocurrencies into your money, and bitcoin (BCH) in trade for two chains, which is split. The value is very good, despite the fact that not absolutely everyone has the capacity to adjust the climate (not the personal crucial), but the non-technological approach performs properly for the user. Use the aged blacksmith's experience that must be taken care of in this way, all technical exchanges and steps, ie folks, don't know what they are undertaking. It will be launched after in a even though, it is mentioned that it is challenging to trade a massive amount of help, although other individuals are other folks Coinbase - support for fork Binance - fork help OKEx - Fork BitForex - fork assistance The final customer - fork assist Bitfinex - Front fork bracket - for handling break up control forks Bittrex - fork assist Poloniex - fork support - prior permission for fork split Upbit - I will not know if these two are compatible channels Even if you transfer all of BitCoin BitCoin ABC collybo's cash to the SV Portfolio and transfer it to anything new, it will offer some thing new. Make sure you notice that it is not only compatible with the deletion of the excellent music (BitCoin SVS/ Bitcoin Funds ABC Wallet) added to the portfolio. Use wallet (specialized) If the fund level of the personal learn plan is planned to be composite (personal important), then the two new variations of the forex essential for the fork staff improvement can be initiated. General accounting When the hardware supplier's portfolio plan sales opportunities, BitCoin will gather income from the forex (BCHAC Wallet). And individuals say that they cannot wait around to see all the ledgers established to be linked from the nature of the BCH and engineering utilized in the transaction, as well as the Finance Committee's business office, if you are standing in the eyes of the Lord is not steady, preserve. Trezor This is the purpose for the broker, BitCoin Trez, ABC was informed the dial, and the other component of the fault was soon after the fork, but its position was substantial and straight. Even so, just before he can defeat the glory, people's conscience will not be the user who promises your merchandise. Safety and repetition. On the opposite, even if the propagator's pulse propagation is utilized, there is no unfairness because the bitcoin of the user's community is matter to funds. Recurrent? When repeating the yarn, the new fight duplicate activity in the forked thread. Suppose you have to fork 10, ABC Bitcoin, you will get the same retailer, BitCoin Nothing at all. Now, if you ship your friend Bob ABCs five, the identical BitCoin introduced in the exact same transaction could maliciously use SVS 5, BitCoin information. Even so, measures can be taken to stop assaults. In order to safeguard by yourself, BitCoin ABC (50 % of the BitCoin package deal) have to be despatched to the new branch following the ABC Bitcoin deal with ahead of implementing for a new order. In this way, the handle, when the SV and the fork are not provided, is tough, and the Bitcoin ABC bitcoin is not threatened. As a precautionary evaluate, consumers are strongly recommended not to trade for a number of days prior to and after capturing. To guarantee the stability of the developer. bitcoin abc price
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kudalek34love · 3 years
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TOP 7 CRYPTO SIGNAL TELEGRAM CHANNELS AND GROUPS IN 2021
If you’re bent on making the most out of crypto trading, it’s beyond doubt that you need “smart ideas” from expert traders.
Technically described as “signals”, these smart ideas are required for identifying critical things such as when to sell/buy specific cryptocurrencies and the price at which you should trade. Undeniably, the crypto market is so volatile that any decision by a rookie trader to sell/buy without considering expert-provided ideas may spell huge doom.
Broadly, the need for expert trading ideas by lots of crypto traders necessitates the existence and proliferation of Telegram crypto signal channels and groups. While there are myriads of Telegram crypto signal groups/channels out there, it’s certainly not all of these groups/channels that are worth being selected. As a shrewd trader willing to choose a Telegram crypto signal group, you may want to know if the group offers such perks as technical analysis, reliable signals and market news. To save you the task of having to search here and there, we have come up with a list of the top 15 Telegram crypto signal channels and groups in 2021. Topic 15 1.Learn2Trade  2.MyCryptoParadise 3.BeinCryptoCommunity 4.Fat Pig Signals5.Telegram Signals
   1.Learn2Trade
Learn2Trade is a widely acclaimed provider of crypto signals. Quite interestingly, it is a UK-based platform that goes beyond the mere offering of crypto signals.
Admittedly, Learn2Trade further provides Forex signals, making it a versatile platform for trading and investment. This versatility; implying the offering of both Forex and telegram cryptocurrency channels
; is a capability you barely find in majority of the other Telegram crypto signal groups out there.
While it broadly concerns itself with the provision of investment and trading education, Learn2Trade does boast a good deal of benefits. Here are some of the benefits you’re likely to derive from the platform:
A zero-charge crypto signal group –This is described as Learn2Trade’s free signal group. Despite being a free medium, the group provides members with the weekly benefit of three premium signals. This is damn exciting because even as they aren’t subscribed to the premium group, members in this (free) group are sure of getting three premium signals freely every week.
A value-adding VIP group –Learn2Trade’s VIP group offers the exclusive benefit of technical analysis that subscribers can access on a daily basis. Prettily, the analysis cuts across Ethereum, Bitcoin and several other preferred cyptos.
cription –This comes as a subscription plan, available at a fee of £250 and which offers life-time access.
2.MyCryptoParadise
MyCryptoParadise provides a great avenue for investors to leverage on cryptocurrencies in their quest for achieving financial freedom. This is why MyCryptoParadise not only provides guidance but also signals for trading in a broad range of crypto assets.
MyCryptoParadise is excellently run by a team of four crypto experts who boast considerable experience in fundamental and technical analysis. Below are some of the perks of the Telegram crypto signal provider:
Comprehensive account management –This offering is exclusively available to the Platinum VIP members of MyCryptoParadise
Provision of credible testimonials –MyCryptoParadise offers authentic evidence of successes. This evidence comes as reviews and testimonials made by both VIP subscribers and the free-group members.
Provision of monthly reports –The monthly report provided by MyCryptoParadise is a clear proof of how transparent the trades on the platform are. Through the report, members get to see the list of both successful and less successful trades in both free and VIP groups
Availability of free Telegram channels –MyCryptoParadise’s free Telegram channels let you see beneficial market analysis in addition to the provision of free signals. Also, these free channels let you trade on popular exchanges such as Bitmex, ByBit and Binance.
3.BeinCryptoCommunity
This crypto community is an offshoot of BeInCrypto.com which constitutes the world’s most-visited platforms for crypto news. BeinCryptoCommunity is distinguished for a number of benefits which include educational content (in the form of tutorials), trade setups and real-time news.
Through its combined offering of project reviews, live streams and educational material, BeinCryptoCommunity is committed to developing its members into professional traders. Courtesy of the live streams offered, members of this Telegram crypto community are able to access weekly market reports which summarize market forecasts and key events.
All of BeinCryptoCommunity’s offerings (including signals and educational content) are provided by a team of trading experts. Besides being a Telegram crypto platform offering free access, BeinCryptoCommunity provides members with updates on relevant news, crypto prices and expert analysis. These updates, which come from the community’s parent site BeInCrypto News, are certain to keep members abreast of trends.
4.Fat Pig Signals
Besides being a widely known Telegram group for crypto signals, Fat Pig Signals is a trusted crypto provider managed by industry experts. Fat Pig Signals offers both free and VIP Telegram groups.
With an estimated user base of 8,000 members, Fat Pig Signals’ VIP channel provides subscribers with well-analyzed signals coupled with a good deal of customized services. The experience with Fat Pig Signals’ free channel is never as great as that of the VIP channel. However, the free channel provides members with few VIP signals, market updates and vital market news.
Some of Fat Pig Signals’ other perks are compatibility with auto trading, an always-responsive customer support service and provision of signal varieties: short-term, mid-term and long-term signals.
Fat Pig Signals’ ancillary offerings further include portfolio management (for long and medium-term goals), ByBit/Bitmex signals (for margin trading) and Binance signals with risk management. Essentially, Fat Pig Signals prides on its impressive accuracy record which stands at over 75% accuracy.
5.Telegram Signals
This Telegram crypto signal platform generously provides professional trading advice as well as technical analysis relating to trading pairs and the markets. Importantly, Telegram Signals’ advice is considered well-thought-out recommendations based upon expert analysis of market developments and research. This, certainly, is why Telegram Signals is well suited for the crypto needs of all platforms and brokers.
Here’s a rundown of the services/features provided by Telegram Signals:
Access to popular and altcoin signals –The VIP channel of Telegram Signals guarantees access to signals for both popular cryptos (such as Bitcoin, Ripple, Bitcoin Cash, Litecoin, Ethereum) and alternative cryptos.
Compatibility with auto trading
Provision of a crypto trading bot
Availability of signal varieties –These signals include short-term, mid-term and long-term crypto signals.
6.Pro Crypto Signals
This is a highly operative crypto signal provider with an impressive record of more than 2,000 crypto signals since it began operation in 2018. If you really prioritize frequency of signal release, Pro Crypto Signals is certainly one of the Telegram crypto groups you should consider.
In terms of consistency, Pro Crypto Signals serves its subscribers well enough, owing to its monthly supply of not less than 100 signals. Also, there’s a guarantee of numerous signals for traders of different sorts.
The subscription service of Pro Crypto Signals incorporates four plans notably the annual plan (which costs $2,000), the six-month plan (which costs $1,000), the 3-month plan (which costs $500) and the monthly plan (which costs $222).Pro Crypto Signals is compatible with auto trading –a feature lacking in majority of the other crypto signal providers. While Pro Crypto Signals further offers short, mid and long term signals, a noticeable downside of the signal provider is restriction of its Telegram crypto signals to only three of the world’s biggest crypto exchanges. The exchanges are notably Binance, Poloniex and Bittrex.
7.CoinSignals
Success rate is one of the qualities crypto traders should prioritize in any attempt to choose a Telegram crypto signal provider. Excellently, CoinSignals boasts an 89% success rate, giving the assurance that its signals are very reliable.
CoinSignals, which began operation in 2019, offers short and medium-term signals as well as three main signal varieties: USDT-based pairs, USD-based pairs and BTC-based pairs. Just like that of Pro Crypto Signals, the signal offering of CoinSignals is restricted to three popular exchanges namely Binance, Bittrex and BitMEX. This means only Binance, Bittrex and BitMEX signals are offered by CoinSignals.
The free-to-access Telegram channel offered by CoinSignals provides you with accurate signals. However, the downside here is that most of the time, the channel is exclusively concerned with Bitcoin signals. With a subscription to the premium version, however, a member’s access to signals on other altcoins is guaranteed.
CoinSignals’ subscription service comprises three plans notably the one-year plan (at a cost of 0.1 BTC), the three-month plan (at a cost of 0.03 BTC) and the thirty-day plan (at a cost of 0.01 BTC). In terms of consistency, CoinSignals performs quite excellently with its release of 100+ signals monthly.
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coinprojects · 3 years
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New Post has been published on https://coinprojects.net/powers-on-broker-disintermediation-and-unregulated-crypto-exchanges-cause-major-concerns/
Powers On... Broker disintermediation and unregulated crypto exchanges cause major concerns
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Powers On… is a monthly opinion column from Marc Powers, who spent much of his 40-year legal career working with complex securities-related cases in the United States after a stint with the SEC. He is now an adjunct professor at Florida International University College of Law, where he teaches the course “Blockchain, Crypto and Regulatory Considerations.”
More and more, governments are fearing that they will lose control over aspects of their respective legitimate financial systems, including capital raising and trading, to the hundreds of unlicensed, unregulated centralized and decentralized crypto exchanges worldwide.
There is a clear rising chorus of alarm in statements by government regulators in the United States, England, China, Southeast Asia and elsewhere, which are focused now more than ever on the unregulated exchanges that offer trading of derivatives and spot markets in numerous cryptocurrencies. These efforts follow regulators having tamped down on the rampant initial public offering of cryptocurrencies in the form of initial coin offerings, simple agreements for token contracts, and security token offerings during the 2016–2020 period.
Some of the cryptocurrencies trading on exchanges such as Binance, Poloniex, Coinbase, KuCoin and Kraken — to name a few — are, indeed, currencies in the form of stablecoins. Others are likely securities as defined by United States federal securities laws, under the expansive interpretation of “investment contracts” by U.S. courts and the SEC. Other cryptocurrencies are commodities, such as Bitcoin (BTC) and Ether (ETH). Their futures are one of the few cryptocurrencies traded on licensed U.S. exchanges such as the Chicago Mercantile Exchange and Bakkt.
Related: It is time for the US to create a ‘Ripple test’ for crypto
In some measure, these fears are justified — to the extent that investor protection is compromised by allowing unacceptable risks to investors who may not understand or appreciate the downside of their trading activities. An example of this is margin trading that allows significant leverage based upon only a small deposit of funds or tokens in an account. Binance, until recently, allowed 125x leverage on futures purchases of Bitcoin. (It reportedly reduced leverage down to 20x in July, presumably due to pressure from various international regulators.) In other words, if you had $10,000 in assets in your account, you could purchase up to $1.25 million worth of cryptocurrencies! That is insane leverage, filled with potential problems for both the exchange and the customer.
Given the extreme volatility in the prices of various cryptocurrencies, this could be a major problem for the customer if prices drop and they are forced to come up with adequate reserves for their account. If they do not have the funds, their positions will be liquidated by the exchange, which will likely result in substantial losses for the account. There might be a large debit balance created in the account.
Broker-dealers, disintermediation and the securities laws
The exchange has to fulfill the trades ordered by customers, and even with liquidations, it might be stuck with the customer’s losses if they do not have the funds. In periods of market disarray, this can have a cascading effect on various exchanges worldwide. All one has to do is remember the 2008–2009 financial crisis, which was brought about in part by the failure of Lehman Brothers. Here in the U.S., most retail customers can not leverage more than 60% to 75% of their account’s value. That’s not even 1x. The U.S. Federal Reserve’s Regulation T and Financial Industry Regulatory Authority’s margin rules require licensed brokers to monitor the extent of customer leverage to ensure it does not exceed a certain level.
Related: Broker licensing for US blockchain developers threatens jobs and diversity
There are also net capital rules for brokers, known technically as “broker-dealers” under securities laws, which require them to maintain a certain level of capital representative of the asset value of their customer account. These rules seek to ensure that they maintain minimum levels of liquid assets and are set forth in Rule 15c3-1 promulgated under the Securities Exchange Act of 1934. If the SEC-registered broker-dealer holding the customer’s assets in an account goes out of business, there is up to $500,000 in Securities Investor Protection Corporation, or SIPC, insurance to protect the customer’s account. Worse, there are continuous efforts by criminals to hack these platforms and steal investor funds.
Moreover, some exchanges — not likely the ones mentioned above — may unknowingly allow market participants to engage in trading patterns or activities that are manipulative. Many such manipulative practices are defined and prohibited by statute, in Sections 9(a)(2) and 10(b) of the Exchange Act. These include spoofing, front-running and insider trading.
What is fascinating to me about all this is the fact that blockchain “disintermediation,” the mantra of crypto enthusiasts and supporters, is here — at least for the brokerage community. The buying and selling of crypto are occurring directly by the customer with the exchange, with no broker in between to facilitate the trade. The middleman has been cut out of the process. There is no broker to check on the suitability of the trading activity — no broker to be there to hold and protect the digital assets. These digital assets are held directly with the exchange where one trades or delivered out to a personal digital wallet of the investor. If the exchange fails, the investors could lose everything. There is no SIPC to reimburse the investor. Nor, as of now, is there any federal or countrywide regulator to examine the books and records of the exchange, to receive reports on the financial health and activities of the firm, or to ensure liquidity and that it is not allowing what most people consider bad behavior, such as market manipulation and insider trading.
Yes, Coinbase and Gemini have BitLicenses issued by the New York State Department of Financial Services to operate a crypto exchange, and other licenses by regulators for the various businesses of their subsidiaries and affiliates. And that state agency’s crypto group has supervisory and examination rights. but the size of that group of maybe a dozen or two dozen people pales in comparison to the size of a federal regulator like the SEC, which has over 4,500 employees. Also, many other centralized and decentralized exchanges are not regulated. Thus, many of the safeguards for our financial system and investors, which have been the responsibility of the brokers, are now missing. Nor do the exchanges have any single country of globally consistent requirements like net capital rules, anti-manipulative prohibitions, margin rules and suitability rules to protect investors. Organizations like Global Digital Finance is one organization, of which I am a member, which is seeking to establish these protocols and rules globally working with regulators in over 30 jurisdictions. And yes, these exchanges also may have Know Your Customer and Anti-Money Laundering compliance efforts on their own, but that is more to comply with the Bank Secrecy Act and the Financial Crimes Enforcement Network to stop criminal money laundering and terrorism, not to protect investors on their platforms.
Related: DeFi regulation must not kill the values behind decentralization
Crypto exchanges are under close watch
It is no wonder, then, that Binance has been the target of the Financial Conduct Authority (FCA) in the United Kingdom and of other countries in Europe and Asia — or that the new SEC chairman, Gary Gensler, is voicing concerns. Back in late June, the FCA ruled that Binance was operating an unregistered exchange for U.K. citizens. Following that announcement, a number of British banks stopped allowing their client accounts to send funds to Binance or buy crypto using credit cards.
Related: Binance in the crosshairs: Are regulators paying attention to crypto?
According to May reports, the exchange is also under investigation by the U.S. Justice Department and IRS, which may be looking into money laundering violations and tax offenses. It is also an ominous sign that the former acting comptroller of the currency, Brian Brooks, resigned from his position as CEO of Binance.US after only four months. Knowing Brooks, I speculate that his departure arose because he was not willing to put his reputation on the line for an organization that he found beyond redemption and that flouted numerous rules and regulations of various countries.
Related: DEXs could see demand boost as regulators target centralized exchanges
Another centralized exchange, BitMex, was sued by the U.S. Commodity Futures Trading Commission and FinCen last year in federal court for allegedly operating an unregistered derivatives exchange from 2014 through October 2020 that allowed American residents to trade crypto futures. According to an Aug. 10 press release, BitMEX has agreed to settle the charges and pay a $100 million civil monetary penalty.
On Aug. 9, the SEC announced it had commenced and simultaneously settled an administrative proceeding against the centralized exchange Poloniex, which agreed to pay over $10 million in disgorgement, interest and civil penalties. The settlement order alleges that Poloniex’s trading platform met the definition of “exchange” under federal securities laws and its failure to register as a “national securities exchange” was in violation of Section 5 of the Exchange Act (not to be confused with Section 5 of the Securities Act of 1933, which involves unregistered offerings of securities). Of note in the order is that Poloniex followed the industry practice of seeking out a legal memorandum from a third-party law firm analyzing whether any of the tokens seeking to list on the exchange were “investment contracts” or securities, and even delisted some tokens in 2018 that seemed to pass the Howey test. In addition, SEC Commissioner Hester Peirce wrote, effectively, a public dissent, noting the slow pace and lack of clarity with which the commission has moved in determining how entities can interact with crypto.
Also this month, the SEC went after a purportedly decentralized exchange called DeFi Money Market, which used smart contracts and issued two kinds of tokens. One of the tokens, issued by the company Blockchain Credit Partners, promised interest payments, and the other promised voting rights and a portion of the profits from the exchange’s activities. Fraud charges were based upon the company and its principals allegedly misrepresenting what assets would be used to pay the promised yield. In settling the action on Aug. 6, the SEC stated: “Here, the labeling of the offering as decentralized and the securities as governance tokens did not hinder us from ensuring that DeFi Money Market was immediately shut down and that investors were paid back.”
While it seems that DeFi Money Market did not operate in the same way as many decentralized exchanges out there, it might be advisable that any platforms that solicit U.S. investors do a thorough analysis with their counsel of any potential registration issues — among them, registration as an exchange, broker-dealer, investment adviser, custodian, money transmitter or issuer under various laws. Otherwise, one may find themself in the crosshairs of governments and their regulatory bodies — or worse, criminal authorities. In this regard, it would be worth reviewing the first SEC case against a crypto exchange, EtherDelta, from November 2018.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Marc Powers is currently an adjunct professor at Florida International University College of Law, where he is teaching “Blockchain, Crypto and Regulatory Considerations” and “Fintech Law.” He recently retired from practicing at an Am Law 100 law firm, where he built both its national securities litigation and regulatory enforcement practice team and its hedge fund industry practice. Marc started his legal career in the SEC’s Enforcement Division. During his 40 years in law, he was involved in representations including the Bernie Madoff Ponzi scheme, a recent presidential pardon and the Martha Stewart insider trading trial.
The opinions expressed are the author’s alone and do not necessarily reflect the views of Cointelegraph nor Florida International University College of Law or its affiliates. This article is for general information purposes and is not intended to be and should not be taken as legal advice.
Source link By Cointelegraph By Marc Powers
#Altcoin #Binance #Bitcoin #BlockChain #BlockchainNews #BNB #Crypto #CryptoExchange #ETH #Etherium #Kucoin #RippleNetwork #XRP
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digitalconvo · 4 years
Text
Crypto-Currency and Cyber-Currency Market Robust Pace of Industry
The phenomenal popularity that cryptocurrency garnered worldwide has drawn intense regulatory scrutiny. Cryptocurrencies may be emerging as an entirely new asset class. Standards vary from country to country and have been shaping the evolving contours of the global cryptocurrency and cyber-currency market. The most evident impact is the changing pricing of such digital currencies, notably bitcoin.
Regulations are increasingly stringent to the level of being called harsh in numerous emerging economies. A case in point is China, which has banned domestic cryptocurrency exchanges. However, in recent months less prohibitive regulations have emerged in a few countries, which might pave way to their mainstreaming in the financial sector industry. The increasing recognition of cryptocurrency as utility token has opened an exciting paradigm for stakeholders in the global market.
However, despite the rising efforts to preserve the financial viability of cryptocurrency and cyber-currencies, the paucity of clear regulations has been a potential setback to the market. Nevertheless, efforts have begun by legislators of developed nations on how to improve regulations of these digital currencies. A recent regulation pertains to setting up offshore operations in cryptocurrency exchanges. Furthermore, they have focused more on better market manipulation control. Meanwhile, emerging benefits of virtual currencies that ride on the back of blockchain to new consumer segments are likely to fuel the expansion of the market. For example, Ethereum is proving to be some value to content creators, artists, and journalists. The rising adoption of blockchain-driven platforms in these consumer sections will bolster the expansion of the market.
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Crypto-Currency and Cyber-Currency Market: Overview
Today cryptocurrencies have turned into a worldwide marvel known to the majority of population. While still in some way or another unclear and not comprehended by the banks, people, governments and numerous organizations know about its significance.
Scarcely any individuals know, however cryptocurrencies developed as a side result of another innovation. Satoshi Nakamoto, the innovator of Bitcoin, the first and still most essential cryptocurrency, never planned to develop a currency.
In his declaration of Bitcoin in2008, Satoshi said he built up “A Peer-to-Peer Electronic Cash System.” His objective was to develop something, which numerous individuals neglected to make before digital money.
The absolute most imperative piece of Satoshi’s development was that he figured out how to assemble a decentralized computerized money framework. In the nineties, there have been numerous endeavors to make digital cash, however they all fizzled.
Crypto-Currency and Cyber-Currency Market: Trends and Opportunities
The estimation of Bitcoin is extremely unstable. The quantity of installments that can be handled is low. So for what reason does the cybercurrency hold attractions and have a high market value? The reason is that the individuals can utilize it to move cash around in un-usual ways. This has an incentive to a few people. The cyber-monetary standards are estimated to additionally evolve, bringing down the expense of bank repayments and giving individuals access to modest overall payment frameworks.
Bitcoin faces scaling issues that should be settled for it’s a long-term investment – explicitly, speed, exchange handling costs, and energy necessities needs to be look for.
Global markets are ready to accomplish proceeding with development as the benefits of advanced currency move far from the criminals and drug dealers to standard activities like IoT communications and supply chain management. Cyber currency is helpful for branding and marketing.
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Crypto-Currency and Cyber-Currency Market: Market Analysis
While the image of the cryptocurrency market looks sluggish and stagnant, not every person has given up about the situation in the area. Blockchain engineers, ICOs and those from all around financed associations such as the TRON Foundation, the Ethereum Foundation, and the Litecoin Foundation, understand that to achieve genuine change and enhancement utilizing crypto innovation, additional efforts and time needs to be given on building strong ventures that don’t just produce theoretical results and to the moon valuations. Or maybe, blockchain and crypto-ventures need to give helpful solutions that can be effortlessly connected to regular day to day existence. Rather than taking part in blame game and accusing people and tasks in the business, time must be better spent making or supporting projects which deliver real-time solutions.
Crypto-Currency and Cyber-Currency Market: Regional Analysis
Cryptocurrencies are expected to prevail in the market for a long time, despite its not so strong acceptance globally. Individuals everywhere throughout the world purchase Bitcoin to ensure themselves against the degrading of their national currency. For the most part in Asia, a clear market for Bitcoin settlement has developed, and the Bitcoin utilizing darknets of cybercrime are thriving. An ever increasing number of organizations find the intensity of Smart Contracts or token on Ethereum, the main real-time application of blockchain technologies develop.
Crypto-Currency and Cyber-Currency Market: Competitive landscape
Exchanges such as poloniex, or Okcoin, or shapeshift helps the business of cryptocurrencies. Their regular trade volume increases the major stock exchanges in Europe. The key cryptocurrency exchanges include capital.com, eToro, 24option.com, coinmama, markets.com., luno., cex.io., and coinbase.
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brettzjacksonblog · 4 years
Text
Justin Sun Responds Over Steemit Hardfork: Vows to Get Crypto Funds Back
In February this year, Justin Sun’s Tron Foundation purchased social media crypto DApp Steemit. Following that, Sun and the Steem leaders were at loggerheads over who would lead the community. Ultimately, a month later, this resulted in community members hard forking the Steemit protocol to relaunch as “Hive.” Today, Sun made a lengthy response to this fiasco in which he attacks Ethereum co-founder, Vitilik Buterin, as well as the role of the “misleading media” in reporting the story. Sun then went on to accuse the Hive witnesses of theft of millions in crypto funds, which he promises to get back on behalf of the Steem community. Source: twitter.com Sun Recruits Major Crypto Exchanges If ever there was an example of things not working out as expected in crypto, Sun’s reported takeover of Steemit is it. The entire saga has been a drawn-out and hostile affair in which some have called out Sun’s authoritarian approach. First, it began with allegations that Sun enlisted the help of major crypto exchanges to vote yes to his new leadership. Delegated Proof-of-Stake (DPoS) systems, as operated by Steem, function by way of a voting system where stakeholders can vote for delegates that will secure the network on their behalf. The voting power is proportional to the number of coins held by each user. It follows that Binance, Huobi, and Poloniex staked Steem tokens they controlled in order to vote in favor of Sun. CC @mdudas @TheBlock__ @coindesk @fintechfrank @lawmaster @Dogetoshi This is an unprecedented attack. Exchanges working together to use customer deposits (in a DPoS system) to influence the blockchain governance. pic.twitter.com/KpiuHqDq2x — jeffjagoe (@jeffjagoe) March 2, 2020 Changpeng Zhao and Binance Apologise For Their Involvement Following this, and the resultant outcry from the crypto community, in what can only be described as exploitation of Steem’s DPoS protocol, Binance CEO, Changpeng Zhao stated that he mistakenly authorized the move. Expanding on this, he said: “STEEM thread. I was hoping not to be involved, but alas, doesn’t seem to be possible. I did approve the vote from Binance, thinking (wrongly) it was a regular upgrade/fork. For that, I apologize. Guess it is only fair that I get involved until the issue is resolved.“ Source: twitter.com Later, Binance pens a letter to the Steem crypto community in which they apologize for what had happened. The letter states Binance is a neutral party that has no interest in influencing the governance of other crypto projects. It ends with screen grabs showing the withdrawal of their voting tokens. “We sincerely apologize for the recent situation involving STEEM, which stemmed from miscommunication about the specifics of the blockchain’s upgrade/hard fork. After receiving the feedback from the STEEM community, we have unvoted.” It Just Got Real Sun’s tweet, in which he responds to the Steem hard fork, coincides with news that Steem will hard fork today in order to shut down accounts that criticize Sun’s leadership. Steem witnesses (voted in by @justinsuntron) are about to take 600k USD worth of Steem away from me. They are going several dozen accounts with a hardfork due for release on the 20th.https://ift.tt/36hIOOj @CiaraHuobi @richiela @upbitglobal @BithumbOfficial — They Call Me Dan (@TheycallmeDan_) May 19, 2020 According to blockchain programmer, Andrew Chaney, hard fork 23 as it is known, is not available for a review of the code. An unusual move in what is supposed to be an open-source network. What’s more, Chaney then goes on to say contacts have informed him that seed nodes are also getting updated. “Exchanges that are supporting Steem and their private, closed source fork, are directly going against the true meaning of DPoS. There is no chance for users to make an informed voting decision when the code changes remain ..“ This will result in the seizure of 23.6 million Steem from dissenting users – which equates to around $5 million in monetary value. On that note, a Steem Consensus Witness Statement contends hard fork 23 is justified on the grounds of the actions of dissident users since Sun’s takeover in February. The statement claims some users were sending spam transactions, uploading recycled content to interfere with the rewards system, and attacking and doxxing other users. from CryptoCracken SMFeed https://ift.tt/3e44wbf via IFTTT
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Text
Justin Sun Responds Over Steemit Hardfork: Vows to Get Crypto Funds Back
In February this year, Justin Sun’s Tron Foundation purchased social media crypto DApp Steemit. Following that, Sun and the Steem leaders were at loggerheads over who would lead the community. Ultimately, a month later, this resulted in community members hard forking the Steemit protocol to relaunch as “Hive.” Today, Sun made a lengthy response to this fiasco in which he attacks Ethereum co-founder, Vitilik Buterin, as well as the role of the “misleading media” in reporting the story. Sun then went on to accuse the Hive witnesses of theft of millions in crypto funds, which he promises to get back on behalf of the Steem community. Source: twitter.com Sun Recruits Major Crypto Exchanges If ever there was an example of things not working out as expected in crypto, Sun’s reported takeover of Steemit is it. The entire saga has been a drawn-out and hostile affair in which some have called out Sun’s authoritarian approach. First, it began with allegations that Sun enlisted the help of major crypto exchanges to vote yes to his new leadership. Delegated Proof-of-Stake (DPoS) systems, as operated by Steem, function by way of a voting system where stakeholders can vote for delegates that will secure the network on their behalf. The voting power is proportional to the number of coins held by each user. It follows that Binance, Huobi, and Poloniex staked Steem tokens they controlled in order to vote in favor of Sun. CC @mdudas @TheBlock__ @coindesk @fintechfrank @lawmaster @Dogetoshi This is an unprecedented attack. Exchanges working together to use customer deposits (in a DPoS system) to influence the blockchain governance. pic.twitter.com/KpiuHqDq2x — jeffjagoe (@jeffjagoe) March 2, 2020 Changpeng Zhao and Binance Apologise For Their Involvement Following this, and the resultant outcry from the crypto community, in what can only be described as exploitation of Steem’s DPoS protocol, Binance CEO, Changpeng Zhao stated that he mistakenly authorized the move. Expanding on this, he said: “STEEM thread. I was hoping not to be involved, but alas, doesn’t seem to be possible. I did approve the vote from Binance, thinking (wrongly) it was a regular upgrade/fork. For that, I apologize. Guess it is only fair that I get involved until the issue is resolved.“ Source: twitter.com Later, Binance pens a letter to the Steem crypto community in which they apologize for what had happened. The letter states Binance is a neutral party that has no interest in influencing the governance of other crypto projects. It ends with screen grabs showing the withdrawal of their voting tokens. “We sincerely apologize for the recent situation involving STEEM, which stemmed from miscommunication about the specifics of the blockchain’s upgrade/hard fork. After receiving the feedback from the STEEM community, we have unvoted.” It Just Got Real Sun’s tweet, in which he responds to the Steem hard fork, coincides with news that Steem will hard fork today in order to shut down accounts that criticize Sun’s leadership. Steem witnesses (voted in by @justinsuntron) are about to take 600k USD worth of Steem away from me. They are going several dozen accounts with a hardfork due for release on the 20th.https://ift.tt/36hIOOj @CiaraHuobi @richiela @upbitglobal @BithumbOfficial — They Call Me Dan (@TheycallmeDan_) May 19, 2020 According to blockchain programmer, Andrew Chaney, hard fork 23 as it is known, is not available for a review of the code. An unusual move in what is supposed to be an open-source network. What’s more, Chaney then goes on to say contacts have informed him that seed nodes are also getting updated. “Exchanges that are supporting Steem and their private, closed source fork, are directly going against the true meaning of DPoS. There is no chance for users to make an informed voting decision when the code changes remain ..“ This will result in the seizure of 23.6 million Steem from dissenting users – which equates to around $5 million in monetary value. On that note, a Steem Consensus Witness Statement contends hard fork 23 is justified on the grounds of the actions of dissident users since Sun’s takeover in February. The statement claims some users were sending spam transactions, uploading recycled content to interfere with the rewards system, and attacking and doxxing other users. from Cryptocracken WP https://ift.tt/3e44wbf via IFTTT
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joshuajacksonlyblog · 4 years
Text
Justin Sun Responds Over Steemit Hardfork: Vows to Get Crypto Funds Back
In February this year, Justin Sun’s Tron Foundation purchased social media crypto DApp Steemit. Following that, Sun and the Steem leaders were at loggerheads over who would lead the community. Ultimately, a month later, this resulted in community members hard forking the Steemit protocol to relaunch as “Hive.” Today, Sun made a lengthy response to this fiasco in which he attacks Ethereum co-founder, Vitilik Buterin, as well as the role of the “misleading media” in reporting the story. Sun then went on to accuse the Hive witnesses of theft of millions in crypto funds, which he promises to get back on behalf of the Steem community. Source: twitter.com Sun Recruits Major Crypto Exchanges If ever there was an example of things not working out as expected in crypto, Sun’s reported takeover of Steemit is it. The entire saga has been a drawn-out and hostile affair in which some have called out Sun’s authoritarian approach. First, it began with allegations that Sun enlisted the help of major crypto exchanges to vote yes to his new leadership. Delegated Proof-of-Stake (DPoS) systems, as operated by Steem, function by way of a voting system where stakeholders can vote for delegates that will secure the network on their behalf. The voting power is proportional to the number of coins held by each user. It follows that Binance, Huobi, and Poloniex staked Steem tokens they controlled in order to vote in favor of Sun. CC @mdudas @TheBlock__ @coindesk @fintechfrank @lawmaster @Dogetoshi This is an unprecedented attack. Exchanges working together to use customer deposits (in a DPoS system) to influence the blockchain governance. pic.twitter.com/KpiuHqDq2x — jeffjagoe (@jeffjagoe) March 2, 2020 Changpeng Zhao and Binance Apologise For Their Involvement Following this, and the resultant outcry from the crypto community, in what can only be described as exploitation of Steem’s DPoS protocol, Binance CEO, Changpeng Zhao stated that he mistakenly authorized the move. Expanding on this, he said: “STEEM thread. I was hoping not to be involved, but alas, doesn’t seem to be possible. I did approve the vote from Binance, thinking (wrongly) it was a regular upgrade/fork. For that, I apologize. Guess it is only fair that I get involved until the issue is resolved.“ Source: twitter.com Later, Binance pens a letter to the Steem crypto community in which they apologize for what had happened. The letter states Binance is a neutral party that has no interest in influencing the governance of other crypto projects. It ends with screen grabs showing the withdrawal of their voting tokens. “We sincerely apologize for the recent situation involving STEEM, which stemmed from miscommunication about the specifics of the blockchain’s upgrade/hard fork. After receiving the feedback from the STEEM community, we have unvoted.” It Just Got Real Sun’s tweet, in which he responds to the Steem hard fork, coincides with news that Steem will hard fork today in order to shut down accounts that criticize Sun’s leadership. Steem witnesses (voted in by @justinsuntron) are about to take 600k USD worth of Steem away from me. They are going several dozen accounts with a hardfork due for release on the 20th.https://ift.tt/36hIOOj @CiaraHuobi @richiela @upbitglobal @BithumbOfficial — They Call Me Dan (@TheycallmeDan_) May 19, 2020 According to blockchain programmer, Andrew Chaney, hard fork 23 as it is known, is not available for a review of the code. An unusual move in what is supposed to be an open-source network. What’s more, Chaney then goes on to say contacts have informed him that seed nodes are also getting updated. “Exchanges that are supporting Steem and their private, closed source fork, are directly going against the true meaning of DPoS. There is no chance for users to make an informed voting decision when the code changes remain ..“ This will result in the seizure of 23.6 million Steem from dissenting users – which equates to around $5 million in monetary value. On that note, a Steem Consensus Witness Statement contends hard fork 23 is justified on the grounds of the actions of dissident users since Sun’s takeover in February. The statement claims some users were sending spam transactions, uploading recycled content to interfere with the rewards system, and attacking and doxxing other users. from Cryptocracken Tumblr https://ift.tt/3e44wbf via IFTTT
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