ELI5 : How crypto exchanges work
2017-10-23 13:40:32 Discuss Exchanges are online markets where one can trade cryptos. It is where all the "pumping and dumping" you keep hearing about happens. (In contrast with real world stock exchanges, pumping and dumping is not illegal in cryptocurrencies, in fact it is a fairly common practice.) Newcomers to cryptocurrencies often ask how these exchanges work, what risks are involved and other beginner questions. In this article we try to introduce you crypto exchanges and give a general view of how they work. Virtual Wallet... Continue reading.
Proof Of Keys Event Is Approaching, And Cryptocurrency Exchange HitBTC Freezes Clients Funds
January 02, 2019 3:47 PM Discuss According to multiple sources, the famous cryptocurrency exchange HitBTC freezes its customer's accounts ahead of the event. Today, January 3rd marks the tenth anniversary of the Bitcoin genesis block creation. Tracy Mayer, famous investors, try to launch a new tradition which is called proof of keys. It officially begins in a couple of hours according to the website. Mayer is encouraging people to withdraw all their bitcoins and cryptocurrencies from a third-party cryptocurrency exchange. The reasoning behind the event is that investors can prove their ownership of cryptocurrencies and see if the exchanges hold all the bitcoins they say they do. However, according to several sources, the exchange HitBTC freezes customers funds before the event. A user accused them of suspending his withdrawal request. Redditor PEDXS stated in a post that he had passed know-your-customer (KYC) after waiting six months to access his account. Now, before the event, they froze his account once again.
Share this content on social media: Browse toshitimes.com to find more similar content.
Huobi to Launch EOS-Based Cryptocurrency Exchange
January 02, 2019 10:01 AM Discuss Singapore-based cryptocurrency exchange Huobi has announced that it will launch a crypto exchange based on the EOS Distributed Proof-of-Stake protocol. The exchange's mining team Huobi Pool will be behind the launch of the exchange, which is expected in the first quarter of 2019. CEO of Huobi Pool, Cao Fei, said of the development: As an EOS super node, Huobi Pool has placed its ecological development high on its list of priorities. Launching this EOS exchange is simply the next logical step in our support. The exchange will let users trade EOS for other tokens. Huobi Pool has also released a series of animated videos called EOS 20 Questions, where they educate users on the benefits of the EOS cryptocurrency.
Share this content on social media: Browse www.investinblockchain.com for more from this source.
13 Top Best Bitcoin/Cryptocurrency Exchanges (2018 Reviews)
December 27, 2018 5:38 PM Discuss Your first step into the cryptocurrency world will most likely occur through an exchange. There are two main types of exchanges that we will discuss in this guide. The first type of exchange is what most people call a fiat exchange. This an exchange that allows the direct transfer of US Dollars, Euros, and most government-backed currencies to be traded for cryptocurrency. The second type of exchange are cryptocurrency to cryptocurrency exchanges (C2C), that allow cryptocurrencies to be traded with each other. The most common pairings on these exchanges are Bitcoin and Ethereum. Crypto to crypto exchanges will be covered more in-depth on the second half of this page.
Share this content on social media: You may want to visit www.bitpremier.com for more.
Hong Kong Crypto Exchange to Shut Down Its BTCC Pool Limited Mining Business
December 22, 2018 9:11 AM Discuss BTCC, the Hong Kong-based crypto exchange, has decided to shut its mining pool business for now. This means that BTCC Pool Limited, after being operational for four years, has decided to stop its operations. The company has decided to shut down its business because of business adjustments reasons. According to the latest statement of the company, all mining servers will be shut down on November 15 and the operations will be finished for good up until November 30. All miners were asked to switch their hash power until November 15. While this was a respectable pool, it was not a very important one. It accounted for only 1.1 percent of the Bitcoin hashing power in June, so it was far from being a big player in the industry. However, the company has been facing a crisis of sorts lately as the business was declining.
Share this content on social media: Have a look at bitcoinexchangeguide.com for more.
Binance Dominates Crypto Platform Rankings as Korean Exchanges Spike in Trading Volumes
December 22, 2018 9:11 AM Discuss Cryptocurrency exchanges are becoming critical elements to the entire crypto ecosystem as they are the initial point of entry for a majority of the users and investors in digital assets. As such cryptocurrency exchanges are big business and the boom of Bitcoin has made them fiercely competitive. The Blockchain Transparency Institute recently took to rank the cryptocurrency platforms and surprisingly Binance turned out to be top with a trading volume of $1 billion within 24 hours. In comparison, OKEx, once ranked first, came in second with a daily trading volume of $700 million from a mere 30,000 users. The report further indicated Binance also surpassed OKEx regarding active users, web visitors, mobile volume and its API volume. Binance leads with over 160 web users, and 152,000 mobile users.
Share this content on social media: Check out bitcoinexchangeguide.com to find more similar content.
Bitcoin Exchanges In The United States Review - Buy, Sell & Trade With USD
December 22, 2018 8:33 AM Discuss It's easy to buy Bitcoin in the United States. In fact, most of the world's Bitcoin companies are headquartered in America. Today, it's easy to buy BTC in the USA whether you're buying with cash, bank transfer, or credit/debit card. Coinbase is one of the most popular Bitcoin exchanges in the United States. Like all other exchanges on this list, it charges a small fee for all transactions. For Coinbase, that fee is 3.99% for credit and debit card purchases. One thing to like about Coinbase is that you get access to your Bitcoins immediately. A 3.99% fee is certainly high, but other methods on this list charge fees as high as 5 or 10%.
Share this content on social media: Have a look at bitcoinexchangeguide.com for more similar content.
Aggregated news and features about crypto exchanges Titles, images and descriptions not entered by Crypto.BI are Copyright(C) their original authors, all rights reserved.
Work & Learn