Each time cryptocurrencies seem to start to weaken, they eventually hit back at the market’s expectations and reach new highs. That’s been the case for the past several months and plenty of short-term trading opportunities emerged in the meantime. To take advantage of them, using a cryptocurrency trading platform like Coinlife might be the best way. Today we take a look at this brand and see whether it’s worth your attention.
First and foremost, the Coinlife platform deserves special attention, considering it will be the main gateway between the trader and the cryptocurrency market. Believing that the art of trading is not a reserved one, this brand has designed a new solution for traders that want to benefit from the full potential of crypto.
Equipped with cutting-edge and innovative tools, this web-based trading solution is top-performing and able to execute trades accurately, even in challenging conditions. A proactive learning environment awaits everyone willing to put in the hard work and develop rules-based systems to find optimal trading opportunities.
Cryptocurrency Instruments Covered
On top of providing the opportunity to join a welcoming community of crypto enthusiasts, Coinlife is also a place where cryptocurrency coverage has been taken to a different level. Holding an account with this brand means getting access to a broad range of tokens, other than the “usual suspects” like Bitcoin, Ether, or XRP.
Alongside these tokens, altcoins like Neo, Cardano, Tron, Stellar, Polkadot, or Uniswap are also worth noting. Investors are diversifying with altcoins due to their higher upside potential and the variety of interesting projects that can have an application in the real economy.
Coinlife Main Benefits
Speaking of Coinlife’s main benefits, it should be highlighted that opening a live account is affordable for anyone due to the low initial deposit requirements. If you want to fund an account fast with fiat currency, a credit or debit card will be the fastest option available.
It is also possible to choose a wire transfer, but in that case, it could take longer until funds will be visible in our account. Based on Coinlife’s withdrawal policy, the same things can be said about withdrawals, as the minimum amounts are low and high security is granted, since a representative will review and approve all requests.
The customer support is available 24/6 via live chat and email, which means you can get in touch with an assistant anytime there is an urgent issue to solve.
Who Should Use the Coinlife Services?
Considering the focus is only on crypto, the services offered by Coinlife are designed for retail traders living around the world wanting to trade a unique selection of cryptocurrencies. Those who want to diversify with other asset classes won’t be able to do that when working with this brand.
Pros and Cons
· Coinlife is an optimized place for crypto enthusiasts only
· The platform integrates numerous tools and features
· Trades are executed fast and accurately
· You can’t trade other assets with Coinlife
· Phone customer support not available
· Limited account funding options available
After analyzing in greater detail each of the benefits Coinlife has to offer, the conclusion is that trading crypto with this provider comes in hand with features and tools not seen very often. Thanks to its customer-oriented approach and the belief crypto is part of the future, the company manages to optimize an offer suited for traders wanting to take advantage of the full benefits of the crypto market. Regardless of the outcome for the cryptocurrency market, traders working with Coinlife don’t necessarily have only an upside exposure. They can get involved even when valuations are falling.
More Crypto Gains, Less Carbon Emissions: Platform Plants Trees for Every Trader
By now you’ve probably already heard the scary headlines…
“Bitcoin is killing the polar bears!” – anon
Heads Up: If you aren’t ready to save the world, skip to the end of this article to get yourself access to some awesome trading signals and tools for free.
According to the Cambridge Center for Alternative Finance (CCAF), Bitcoin sucks up around 147 Terawatt Hours per year — 0.68% of global electricity production. In more easy to understand terms that’s around the same power usage as the entire country of Sweden, or Poland.
But is it that simple? No.
The reality is that yes the cryptocurrency industry is eating up a lot of power. But the same can be said for almost anything.
If you don’t enjoy Formula 1 racing, you might be tempted to say that it’s a total waste of time, money and a pointless contributor towards rising sea levels and climate change.
Whether or not Bitcoin is worth the environmental/energy cost is up for debate in much the same way.
Why care? Underwater trading is not fun!
Let’s go ahead and say we agree with scientific consensus that global warming is bringing us towards a period of extreme climate change and rising sea levels. Many island nations and countries with coastline are at risk including the densely populated cities such as London, UK.
If you already lose sleep over trades that are sat underwater for a few hours, it’s probably safe to assume that you aren’t going to have a good time if you need scuba gear to degen long your favourite alts a few years from now!
How you can save the world and make better trades
The ProfitFarmers platform is built from the ground up to be your Crypto Co-Pilot. Including expert level signals, copy-trade technology and advanced trading terminals and tools!
So, Scuba Diver or Astronaut?
It matters not to us, our signal algorithms have been helping our users surf the WAVES…
And take interstellar voyages to VENUS…
Great gains are awesome, but we wanted to help traders all around the world reduce their carbon footprint without needing compromise on their trading performance.
We’ve decided to team up with One Tree Planted in an effort to stem the Earth’s bleeding.
Here’s the bottom line: For every user on our platform, every month we will be planting one Tree!Check out our blog post to find out how you can improve your trading game, make some great gains and start planting some trees now!
Want to get your toes wet for FREE?
If you aren’t ready to save the world just yet (or join us here at ProfitFarmers) then don’t worry. We’ve got something for you that can still help you make more gains from your crypto trading adventure.
We recently created the ‘ProfitFarmers Moon Bag’, free for serious traders. It’s a selection of our advanced tools and scanners as well as market intel and premium signals.
If you have Telegram you can dive straight in by using this link to join the party. Just don’t forget to get access to the tools and education afterwards!
All we ask is that you donate some of your trading gains to environmental causes.
Yep signals just like this for free!
Source :- Plato
Chinese officials warn about risks associated with crypto trading.
Chinese officials warned the public about the risks associated with trading cryptocurrencies. The authorities pointed out three major considerations which might harm investors – false transactions, security breaches, and illegal and criminal activities involving cryptocurrencies. According to the China Financial Stability Report, investors should be extra vigilant when operating with bitcoin and other cryptocurrencies. Officials from China Securities Journal have called for better regulation and pointed out major risks involving crypto trading.
“Cryptocurrencies lack supervision and legal protection.”
Cryptocurrencies are highly decentralized, which means they lack supervision and legal protection. According to the journal, this is a huge disadvantage and can cause price manipulation and false transactions. Another concern that Chinese officials expressed is that the price of most cryptocurrencies, including bitcoin, can easily become an instrument for speculation and can go through sharp declines.’ The report also noted that the movement of funds on blockchain technology is difficult to be observed. This can create an excellent environment for money laundering. Additionally, illegal and criminal activities can also thrive with these conditions as lawbreakers have the opportunity to make drugs or gun transactions using cryptocurrencies.
“There are no legal crypto trading venues in the country and no regulatory protections.”
The Chinese authorities advised that the crypto community must stay alert to prevent these hazards due to these factors. Furthermore, China Securities Journal reminded that there are no legal crypto trading venues in the country and no regulatory protections.” Once you encounter risks, you can only bear the consequences. In short, speculation in coins is risky, and you need to be cautious when entering the market,” the report noted. However, despite the Chinese government’s stance, the leading cryptocurrency bitcoin is highly popular in China – there’s a high number of miners situated in the large Asian nation.
China Securities Journal Says Cryptocurrency Trading Is Risky and Calls for Strict Supervision
Chinese officials warned the public about the risks associated with trading with digital assets. The authorities pointed out three major considerations which might harm investors – false transactions, security breaches, and illegal and criminal activities involving cryptocurrencies.
Tighter Regulations on Crypto Trading
According to the China Financial Stability Report, investors should be extra vigilant when operating with bitcoin and other crypto assets. Officials from China Securities Journal have called for better regulation and pointed out three major risks that trading with digital assets may carry.
First, digital assets are highly decentralized, which means they lack supervision and legal protection. According to the journal, this is a huge disadvantage and can cause price manipulation and false transactions.
Second, the price of most cryptocurrencies, including bitcoin, can easily become an instrument for speculation and can go through sharp declines.’
Third, the movement of funds on blockchain technology is difficult to be observed. This can create an excellent environment for money laundering. Additionally, illegal and criminal activities can also thrive with these conditions as lawbreakers have the opportunity to make drugs or gun transactions using cryptocurrencies.
The Chinese authorities advised that due to these factors, the crypto community must stay alert to prevent these hazards. Furthermore, China Securities Journal reminded that there are no legal crypto trading venues in the country and no regulatory protections:
”Once you encounter risks, you can only bear the consequences. In short, speculation in coins is risky, and you need to be cautious when entering the market.”
China and BTC
Despite the government’s stance, the primary cryptocurrency is highly popular in China – there’s a high number of miners situated in the large Asian nation.
Recently, the country’s central bank announced that it was looking into bitcoin as an alternative investment. Zhou Xiaochuan, former governor of PBoC, outlined the potential of digital assets and their future implementation. However, he ascertained that whatever the case may be, cryptocurrencies must not be used for illicit activities such as drug or weapon trafficking, gambling, or money laundering:
”We believe that crypto assets should play a major role in the future, either as an investment tool or as an alternative investment. Many countries, including China, are also studying it as an investment tool.”
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