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10 Bitcoin Platforms you Need to Try This Year

Bitcoin is a creative payment network and a new kind of money. Peer-to-peer technology is used by Bitcoin to run. There is no central authority or banks.

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Bitcoin is a creative payment network and a new kind of money. Peer-to-peer technology is used by Bitcoin to run. There is no central authority or banks. Doing transactions and the issuing of bitcoins is supported collectively by the network exclusively. Bitcoin is open-source. The design of Bitcoin is public; nobody possesses or regulates Bitcoin, and anyone can take part. Through most of its unique properties, Bitcoin allows fascinating uses that could not be covered by any previous payment system. If you’re going to start with Bitcoin, there are some essential things you should know. Bitcoin allows you to exchange money and transact in a separate way than you usually do. Due to these reasons, you must take time to gather information about various aspects of Bitcoin before using Bitcoin for any serious transaction. Bitcoin should be handled with the same care as your regular wallet, and they need even more responsibility in some cases. The main points you have to keep at the back of your mind every time you do a transaction are:

  • Bitcoin price is volatile
  • Bitcoin payments are irreversible
  • Bitcoin is not anonymous
  • Unconfirmed transactions aren’t secure
  • Bitcoin is still experimental

With those being said now we will be focussing on the top platforms where you can buy or sell Bitcoins.

Binance: Binance is a swiftly growing exchange that finished its ICO a few months back. It is based in China, but you can access it from almost all over the world, making it one of the most loved Bitcoin exchange platforms. To get registered in Binance, you need your email ID, and the process is straightforward and fast. Also, you will get 1 QTUM coin as a kind gesture for registering which is for the first 10,000 QTUM coins buyers.

Bittrex: The clean design and its easy usability make it a personal favorite for many. The exchange is based in the USA and offers you the opportunity to trade more than 190 cryptocurrencies at a time. The security of this platform is also very high. The registration process is straightforward, but you will need KYC and phone numbers to withdraw funds. But the good thing about Bittrex is that the process does not take long to get approved.

Poloniex: If you need the trust trading volume and supported cryptocurrencies, you are on the right track with Poloniex. The easiest of all the platforms as you can deposit with any cryptocurrency and even with tether dollars and start your trading thing right away. The best cryptocurrency exchange in this platform, in my opinion, is Altcoins.

HADAX: Hadax is an exchange launched by Huobi pro. Huobi Pro is one of the ruling global digital asset exchanges serving global traders since 2013. Named as the world’s first autonomous token listing exchange, they have introduced HT tokens to make themselves a decentralized governed platform. HADAX stands for ‘Huobi Autonomous Digital Asset Exchange.’

Kraken: One of the largest Bitcoin exchanges in the USA based in San Francisco. With the help of Kraken, you can trade other cryptocurrencies like Etherium & Zcash. Getting started is very easy and typically takes about 1-2 days for verification. The first wire transfer will take many days which can be strenuous for new users. But once the first deposit is made successfully, things will become a lot smoother.

Bitstamp: Another popular Bitcoin exchange that assures to be the first fully licensed exchange. Users can buy bitcoins using their credit or debit card on this platform. They also have a pretty interface with iOS and Android apps that help users to maintain their accounts from phones. Bitstamp is greatest for traders who are looking for an advanced exchange for buying/selling bitcoins to make a profit. Some other features of Bitstamp are Sub-accounts, SMS price alerts, High security, 8% fees for credit card purchasing.

Gemini: Gemini is a New York City-based exchange that also operates in Europe, North America, and Asia. They offer two types of accounts, individual accounts, and institutional accounts. Their price is pretty competitive, and their interface is easy for beginners’ use. If you are looking to open a corporate account for Bitcoin trading in the USA, Gemini is a great option.

OKCoin: OKCoin is another China-based Bitcoin exchange platform. They allow you to use USD for trading purpose. They also have an easy interface and great support. It will take not more than two days to verify your details and get you started. Once you get all set, you can start trading your money. The transfer fees they charge are 0% that makes it a great platform to work. They also offer a dedicated account manager.

Coinbase (GDAX): The most popular platform to exchange Bitcoins in America. They provide you with iOS and Android apps to handle the exchanges from your phone. They also have the neatest interface. Coinbase lets you buy and sell Bitcoins, but for trading purposes, you have to get GDAX for their official exchange. They also offer you a USD 10 for the first transaction of USD 100.

Here I have mentioned the top Bitcoin exchange platforms, but as I have mentioned earlier Bitcoin market is volatile, and so are the exchange platforms. That means soon some other will overtake this or some new will come in the race. But a warning for all the Bitcoin users that is fine to use these platforms for trading but to use as wallets you need to switch to something like LedgerWallet, Coinomi or Trezor.

Source: https://cryptoworldseo.com/news/10-bitcoin-platforms-you-need-to-try-this-year/

Blockchain

Bitcoin HODL Waves Suggest Bull Run Has Barely Started

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Analyzing Bitcoin HODL Waves from previous bull runs as led crypto YouTuber and analyst Lark Davis to the conclusion that this cycle is still in its infancy.

He added that we are just now past the first major price wave, “get ready for wave 2”.

The chart depicts three distinct price waves for every market cycle back to 2011. The current cycle shows just one wave cresting at Bitcoin’s recent all-time high of $58,250 on Feb. 21. This indicates that, if history rhymes, there could be two larger ones to come especially if corporate giants keep buying it.

Bitcoin Being Hodled

HODL Waves are a visualization pioneered by Unchained Capital which shows the cross-section of Bitcoin held in wallets grouped by the age since they last moved. The Bitcoin financial services company explained;

“By comparing the age of bitcoin sitting in addresses to the current US dollar prices, we can make some interesting conjectures about the bitcoin economy and the sentiment of HODLers.”

Glassnode has extrapolated the short-term HODL waves and overlaid them on the logarithmic scale price chart. Using these metrics it does appear that there is a lot more to go with this bull run, but there are many other on-chain and fundamental factors to consider.

One of them is them is the central bank money printing narrative which could drive wild inflation and devalue global currencies. Trillions of new dollars have been printed for stimulus purposes in the U.S. alone since the Covid-19 pandemic put the economy into shutdown mode in early 2020.

Vice President of digital asset strategy at Fundstrat Global Advisor, Leeor Shimron, compared Bitcoin to M1 money stock – the country’s basic money supply that is used as a medium of exchange. He also thinks this cycle could “get very wild” in the face of unprecedented money printing.

BTC Price Outlook

At the time of press, BTC was trading at $49,250, down from its recent weekly high of $52,580 hit in late trading on March 3 according to Tradingview.com.

Momentum is still bullish from a weekend swing low to $43,300 but the asset needs to break above resistance at $55,250 to push towards a new all-time high.

March has traditionally been a bearish month for Bitcoin and crypto markets so this move may come later in the year.

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Source: https://cryptopotato.com/bitcoin-hodl-waves-suggest-bull-run-as-barely-started/

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Blockchain

Ripple CEO files motion to dismiss SEC complaint citing ‘abuse of prosecutorial discretion’

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Ripple CEO Brad Garlinghouse has filed a motion to dismiss the SEC’s amended complaint against him, calling it “regulatory overreach.”

The exec took to Twitter to announce his position on the SEC’s charges against him and Ripple Labs Inc. by sharing a link to the letter filed on his behalf, saying that “it speaks for itself.” According to the said letter, the SEC’s allegations against Garlinghouse fail on account of a number of reasons.

The same, addressed to U.S District Court Judge Analisa Torres, claimed,

“First, the SEC fails to recognize the economic realities of Defendants’ transactions in XRP, the XRP market, and Ripple’s business, each of which exhibits none of the traditional characteristics of an investment contract.”

The motion to dismiss, filed by Cleary Gottlieb Steen and Hamilton, also commented on the SEC’s amended complaint, while also expanding on the regulatory agency personally targeting Garlinghouse for the alleged violation of securities laws.

“Straining to impose personal liability on an executive like Mr. Garlinghouse for simply doing his job where he reasonably understood that his actions complied with the law represents an abuse of prosecutorial discretion that has sent a dangerous signal to entrepreneurs and will chill innovation.”

Garlinghouse was reported to have sold over 60% of his XRP holdings for approximately $159 million at the time of those transactions, leaving him with 200 million XRP tokens. While holding 200 million XRP tokens is a considerably long position, some members of the community feel that Garlinghouse selling a majority of his XRP is disingenuous on his part.

In fact, Ripple’s lawyers have argued that the SEC’s allegations with respect to Garlinghouse’s XRP sales are “vague,” with no particular reference to any of these transactions occurring within the United States.

“The truth is that the vast majority of Mr. Garlinghouse’s XRP sales were made on foreign exchanges, and those transactions do not and cannot violate the federal securities laws,” they asserted.

XRP was trading at $0.4660 at press time, down by over 25% from a high of $0.6338 in February.


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Source: https://ambcrypto.com/ripple-ceo-files-motion-to-dismiss-sec-complaint-citing-abuse-of-prosecutorial-discretion

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OKEx Lists Chiliz, Enables CHZ/USDT and CHZ/BTC Spot Trading

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The blockchain-based fan engagement platform Socios.com received a huge boost after its native asset Chiliz (CHZ) was listed on OKEx – a leading global crypto exchange and derivatives trading platform. The popular digital currency for the sporting and entertainment industries, CHZ became available for spot trading against USDT and BTC at 10 AM UTC on March 3, 2021.

The CHZ blockchain’s Socios.com allows sporting teams and clubs to create Fan Tokens to connect and engage with their fans. These Fan Tokens will act as membership cards, providing its holders with the privilege to participate in various decision-making processes of their favorite teams. In addition, fan token holders will also be eligible for exclusive access to team events, merchandise and other rewards. Socios.com has already partnered with some of the biggest sporting teams and clubs including the likes of AC Milan, FC Barcelona, Juventus, UFC and more.

According to Chiliz, their Fan Token model has also helped sporting organizations unlock new revenue streams, enabling them to overcome losses in the form of poor ticket sales, lost sponsorship deals etc., during the pandemic.

Acknowledging the role of Chiliz in promoting blockchain technology, CEO of OKEx Jay Hao said, “Chiliz has uncovered another key use case for blockchain technology showing how the sports and entertainment industries can adapt to an increasingly digital world and create new revenue streams beyond traditional sources. As more and more fans begin to engage with clubs and teams through fan tokens, the use of cryptocurrencies becomes continuously more mainstream. OKEx couldn’t be happier to support this important initiative.”

Celebrating the new listing, OKEx is distributing $150,000 worth of Fan Tokens to the CHZ community members through lucky draw. Users depositing or trading CHZ on OKEx until March 10, 2021, will be eligible for the giveaway program. Up to $10,000 worth of Fan Tokens is earmarked for referral rewards.

OKEx will be activating CHZ withdrawals on the platform starting 10 AM UTC on March 4, 2021.

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Source: https://www.newsbtc.com/news/company/okex-lists-chiliz-enables-chz-usdt-and-chz-btc-spot-trading/

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