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CoinMate.io Bitcoin Exchange Review

Our experience buying and selling bitcoins on the CoinMate.io Exchange – Note this is a partner post. Find out more in our editorial policy. Please  note: This review is based on selling a relatively small amount of bitcoin into euro. The stats outlined in this review may not apply to larger traders. This review is part of our series of bitcoin exchanges. Last updated: May 2019 We recently had some bitcoin earnings from work  mining efforts as we we conduct our mining pool reviews. As we’re in Ireland, we generally focus on European exchanges to buy and sell our bitcoin. In this particular case, we

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Our experience buying and selling bitcoins on the CoinMate.io Exchange – Note this is a partner post. Find out more in our editorial policy.

Please  note: This review is based on selling a relatively small amount of bitcoin into euro. The stats outlined in this review may not apply to larger traders. This review is part of our series of bitcoin exchanges. Last updated: May 2019

We recently had some bitcoin earnings from work  mining efforts as we we conduct our mining pool reviews. As we’re in Ireland, we generally focus on European exchanges to buy and sell our bitcoin. In this particular case, we had over the course of a few weeks both requirements to sell bitcoin, and buy it, so we looked at the CoinMate.io exchange.

Registered in London, UK, CoinMate are a brand new exchange that offers European users the ability to buy and sell bitcoin, bitcoin cash, ripple, dash, etherum and litecoin. While the market price is denominated in dollar, the exchange supports SEPA Euro transfers, Czech Koruna, as well as Moneypolo.

So here’s our experience getting registered, lodging bitcoin, and selling it for real money, and vice versa.

CoinMate.io is a bitcoin exchange that can be accessed through a web browser, or API for more advanced traders. Like other exchanges, they have a manual verification system for trading in money which require you to give two photo id and a utility bill. In our case, we’re a company, so we needed some further verification to show that we were directors of the company, and in our case our entry on duedil.com was sufficient as well as our certificate of incorporation. It should be noted they do not accept traders from the USA.

Once that was out of the way, I proceeded to lodge bitcoin onto my exchange account, and within three confirmations my coins were available for me to trade. Selling bitcoin is straightforward. If you just want bitcoin and aren’t price conscious, their quick buy option will take the orders from the cheapest up to fill your order. You can also put in prices you want to sell at, and see if the market would take it. There isn’t as much volume as some of the more established exchanges, but I was able to sell relatively quickly, and the fees were 0.2% on all trades (this has changed in the interim to a Maker/Taker Model. BTC Maker 0% – 0.05%, BTC Taker 0.1% – 0.35% fee). They have a referral system too which passes on 50% of fees for 48 months, and they have charts which they distribute a portion of fees to their fees with their top traders. They also have a chat room for people to talk.

An example trade is that I sold  0.12054028 bitcoin at a price of $212.22 for $25.58. CoinMate.io took a $0.05 fee and I received $25.52 of this. There’s minor rounding at this trade size. The minimum withdrawal in dollars is $20.00 and in bitcoin it’s 0.001btc.

Once the funds were in my account, I could then choose to withdraw this into my bank account. My balance was in euro, and I set this to transfer. CoinMate uses the XE.com exchange rate plus a 0.5% spread, and this amount was then wire transferred to my account. I did a couple of trades over the course of a few weeks, and this took one or two working days in all cases for it to hit my bank account.

Later, I had need to buy some bitcoin, so I thought I’d try the other way around. In this case, I send the wire transfer to the exchange, and the next day, I had the funds in my account. I then bought these, traded a little as the price was volatile at the time, and then withdrew the coins, entering my bitcoin address and then checking my email to enter the code. Within a minute or two, the coins flashed into my wallet, confirming away.

Securitywise, they send you a security code to be entered at any major points, and they also nag you to enable two factor authentication using Google Authenticator. The exchange also holds funds in cold storage, and employs Trezor multi-sig wallets.

So CoinMate is a fairly intuitive exchange to use, that really focuses on making it straightforward to quickly buy and sell bitcoin, litecoin, bitcoin cash, ethereum, rupple and dash. Verification was straightforward and done promptly, with the rest of the experience was pretty good. So I had a good overall experience with them, and if you’re in Europe with a SEPA account and looking to buy or sell bitcoin within the EU, they’re worth checking out. Alternatively, you can visit our Buy Bitcoin page to get bitcoin right now with a credit or debit card.

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Source: https://bitcoinsinireland.com/coinmate-bitcoin-exchange-review/

Blockchain

EOS, BAT, Dogecoin Price Analysis: 16 January

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EOS‘s market noted some bearish presence, with the same likely to push the crypto’s price slightly south towards $2.6. Basic Attention Token appeared to break out of a range backed by significant trading volume, while Dogecoin was in a phase of consolidation and traded sideways on the charts with no strong momentum.

EOS

EOS, BAT, Dogecoin Price Analysis: 16 January

Source: EOS/USDT on TradingView

The RSI floated just under the neutral 50 value, unable to rise above and likely indicative of a downtrend to come. The price, more importantly, flipped the $2.73-level to support recently and attempted a surge towards the next level of resistance at $3.

This session (cyan) saw the market’s bulls drive prices as high as $2.93, but the bears stepped in and pushed the price down to test the support at $2.6. This highlighted a lack of bullish strength.

Their presence in the market is poised to be highlighted once more. It can be expected that EOS would slowly descend towards $2.6 once more. If it does not hold as support, the price could drop to $2.44 in the coming days.

In other news, Arca CIO Jeff Dorman tweeted that EOS could be undervalued due to its massive BTC holdings.

Basic Attention Token [BAT]

EOS, BAT, Dogecoin Price Analysis: 16 January

Source: BAT/USD on TradingView

The range between $0.27 and $0.2 is one that BAT has traded within since late November. On the 6-hour charts, it appeared that BAT was headed for a breakout above this range. The trading volume for the most recent session before press time was extraordinary, pointing towards market conviction.

The MACD formed a bullish crossover and rose above zero to highlight bullish momentum. However, the $0.292-mark continued to be a thorn in the side of bulls and can be expected to stall the rise of BAT’s price.

Another rejection at $0.292 could see BAT tumble sharply back within the range it was trading within.

Dogecoin [DOGE]

EOS, BAT, Dogecoin Price Analysis: 16 January

Source: DOGE/USDT on TradingView

After its explosive move from $0.0045 to $0.01, DOGE spent the past few weeks in a phase of consolidation. Using the swing high and low of this phase for DOGE, and Gann’s rule of eight, some potential levels of support and resistance (yellow) can be plotted on the charts.

It can be seen that DOGE has respected these levels. The Awesome Oscillator showed a lack of definitive momentum in either direction for DOGE.

Source: https://ambcrypto.com/eos-bat-dogecoin-price-analysis-16-january

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Blockchain

Demand for Ethereum hits rooftop, price could quadruple within 90 days

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Upcoming ETH Futures And Increased Interest From Institutional Investors Will See Ethereum Hit $10K - Pundit Predicts

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Bitcoin bulls are calling $50,000 for the next rally. Ethereum bulls are also just as optimistic, as fundamental indicators are looking as promising as technical indicators. These key signals imply that a bullish rally, despite price stagnation is imminent and includes the sky-high demand for Ethereum’s ETH, which analysts claim will unseat supply in the coming weeks. To get the point across, analysts noted how Bitcoin’s price quadrupled within a three months period (November 2020 to January 2021) when demand toppled supply.

In the last 48 hours, Ethereum has sustained losses of 8.5%. The drop in prices was triggered by whale activities, reflected in the exit of ETH worth $2.4 billion from the Bitfinex exchange.

DeFi still remains one of Ethereum’s most promising ventures. At press time, locked in value has hit $23.22 billion. But Ethereum’s DeFi industry is still in its early stages, hence market maturation is still at its beginning state. “The DeFi market is still severely undervalued,” says analyst Joseph Young. Making up a large fraction of the entire digital currency market, he touches on DeFi’s astounding market cap.

“The total market cap of all DeFi tokens (even including Chainlink) is $25.7 billion. XRP and LTC and ADA will result in $31 billion.” 

Decentralized futures, still in the early stages but just as bullish is already processing millions of dollars in daily transactions. Young noted this in a preceding tweet as quoted below ;

“Decentralized futures exchanges on Ethereum are also seeing fast growth. Perpetual Protocol, for instance, is processing $50 million PER DAY.”

Meanwhile, on the technical charts, Ethereum seems to be replenishing its 7 days losses with reverse daily gains of 12% at the time of this report. However, the second most valued digital asset may need more to break above the $1,350 resistance level. Within the last few days, it has become evident that the strong price rejection around said resistance is still ongoing. 

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Demand for Ethereum hits rooftop, price could quadruple within 90 days
ETHUSD Chart By TradingView

Ethereum bulls have been knocked back down on several occasions. And the bearish momentum had successfully managed to suppress ETH to a low of $994. At press time price of $1,209, ETH bulls will need to build enough momentum to retest $1,350 resistance or risk testing $880 support levels.

A bullish price reversal is still being anticipated by analysts who opine that LINK, DOT, and ETH will pioneer the altcoin season.


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The views expressed in the article are wholly those of the author and do not represent those of, nor should they be attributed to, ZyCrypto. This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available.

Source: https://zycrypto.com/demand-for-ethereum-hits-rooftop-price-could-quadruple-within-90-days/

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Blockchain

Polkadot surpasses XRP to grab the 4th slot

TL; DR Breakdown Polkadot (DOT) is now the 4th largest crypto by market cap XRP could suffer a catastrophic blow if ruled a security The crypto market is shifting again, and this time, the charts are re-arranging as Polkadot moves up by one position. The top 10 largest cryptos (by market cap) have always been […]

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TL; DR Breakdown

  • Polkadot (DOT) is now the 4th largest crypto by market cap
  • XRP could suffer a catastrophic blow if ruled a security

The crypto market is shifting again, and this time, the charts are re-arranging as Polkadot moves up by one position. The top 10 largest cryptos (by market cap) have always been a good point of reference when it comes to market movements. Now, it seems like XRP is getting stripped of its position, a spot now occupied by Polkadot (DOT).

The last few days have been a huge challenge for XRP as it battles the negative effects resulting from the current lawsuit facing its creator company, Ripple. A quick glance at the running market placements reveals that XRP price has been losing ground while other cryptos like Polkadot have been scoring gains each day.

Polkadot (DOT) has been thriving

In the past 7 days, Polkadot has surged by over 64%, putting the price at around $15 – according to information on CoinMarketCap. Over the same period, XRP has dropped by 10% to put the price at around $0.28. As a result, Polkadot has been gaining traction both in popularity and relative acceptance as an interoperability protocol designed to facilitate multi-chain operations. The network uses DOT as its native crypto token which users can use to vote on issues concerning the network’s governance.  

Polkadot surpasses XRP to grab the 4th slot 1
Polkadot

Currently, DOT has posted an impressive Market Cap totaling $13.4 billion as opposed to XRP’s $12.7 billion, effectively making it the 4th largest crypto by market cap. That’s after Tether (3rd place at $24.29 billion), Ethereum (second place at $135.3 billion), and Bitcoin (first place at $681.6 billion).

XRP facing an existential threat

For some years, Ripple has been lobbying to get XRP ratified as a cryptocurrency as opposed to the views of some who see it as a security. These efforts seem to have somehow back-fired as the US SEC moved to file a suit against Ripple and its top management back in December 2020. According to SEC, Ripple has been illegally transacting with XRP, which SEC sees as a security. The accused include Ripple’s CEO Brad Garlinghouse, co-founder and Executive Chairman Chris Larsen, and Ripple Labs itself.

The suit has led to investors like Grayscale ditching XRP. Some crypto exchanges suspending XRP from their trading platforms, while others have moved to delist it altogether. The latest to take action is Kraken.

These developments are in no way in favor of XRP, and they could cause a lasting effect on its market standings. If XRP is ruled a security, it will cease to exist as a crypto and ultimately end its streak as one of the most popular digital tokens backed by the might of a global company.

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