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KickEX Adds Buying Crypto For Fiat With Bank Cards

[PRESS RELEASE – Please Read Disclaimer] The long-awaited ability to exchange fiat for crypto using bank cards is now available on the KickEX exchange. Many Kick Ecosystem users used to have difficulties buying cryptocurrency via third-party services, so the KickEX team made it possible to buy digital assets for fiat with just a few clicks. […]

The post KickEX Adds Buying Crypto For Fiat With Bank Cards appeared first on CryptoPotato.

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[PRESS RELEASE – Please Read Disclaimer]

The long-awaited ability to exchange fiat for crypto using bank cards is now available on the KickEX exchange.

Many Kick Ecosystem users used to have difficulties buying cryptocurrency via third-party services, so the KickEX team made it possible to buy digital assets for fiat with just a few clicks. Now it is convenient and simple, even for those who have never bought cryptocurrency and do not know even how to start.

To trade on the exchange, you no longer need to look for third-party services and worry about the legality and reliability of exchanging your money. The fees for the conversion are the most optimal, so users do not lose money when exchanging. This is especially topical recently when the fees for the usual transfer of Etherium or tokens reached huge amounts of $15-20 per transaction, which, in principle, contradicts the concept of cryptocurrencies and cheap transactions.

Immediately after purchase, users no longer need to transfer cryptocurrency anywhere and create a separate crypto wallet. The purchased cryptocurrency is automatically transferred to the user’s KickEX exchange account. Soon, you KikEX users will be able to store the cryptocurrency in the KickMobile crypto wallet, which is expected to be released this fall. The cold mosaic wallet technology used in the ecosystem ensures the maximum safety of users’ funds. Thus, after a purchase, users no longer need to look for a wallet where they can safely store their funds.

5 steps to buy cryptocurrency with fiat on KickEX:

  1. Go to the “Funds” section on the KickEX exchange, then go to the “Buy Crypto” tab;
  2. Select the desired fiat currency and cryptocurrency from the list. Enter the required amount and currency of fiat money in the converter.
  3. Below, click on the blue button “Buy Crypto”, you will be redirected to the page of our partner Mercuryo;
  4. Enter your phone number and agree to the terms of service to complete the payment. After that, you need to confirm the phone number using the SMS code. Then fill in your personal information, indicate your mail, and confirm it by clicking on the link in the email you received.
  5. In the window that opens, you need to fill in the credit card data. After completing the payment, you will be redirected back to the KickEX exchange to confirm that the process was successful. Immediately after that, the purchased tokens will be credited to the KickEX exchange account.

There are currently 4 cryptocurrencies available for purchase:

  • BTC
  • ETH
  • USDT
  • BCH

Six fiat currencies are supported:

RUB (₽) — ruble

EUR (€) — euro

USD ($) — US dollar

GBP (£) — British pound

UAH (₴) — Ukrainian hryvnia

TRY (₺) — Turkish lira

Important: to exchange cryptocurrency for fiat through bank cards, all users must go through the KYC procedure in the Kick Ecosystem.

Unfortunately, at the moment, users from these countries — even if they successfully completed KYC on KickEX — will not be able to buy cryptocurrencies for fiat:

Bangladesh, Bolivia, Burundi, Central African Republic, China, Colombia, Cuba, Democratic Republic of Congo, Ecuador, Iran, Iraq, Kyrgyzstan, Lebanon, Libya, Mali, Morocco, Nepal, Nicaragua, Pakistan, North Korea, Saudi Arabia, Somalia, Sudan and Darfur, South Sudan, Syria, United States of America, Vietnam, Venezuela, Yemen, Zimbabwe.

The types of bank cards can be used to purchase crypto:

Visa and MasterCard are accepted — virtual, prepaid, debit and credit cards. Maestro and PayPal cards are not accepted. Bank transfers such as SEPA, WIRE, SWIFT, ACH are not supported.

Fees and limits:

There is a purchase commission of 3.95%. The minimum transaction amount is 0.002 BTC / 0.03 ETH / 5 USDT.

Purchase limits for users who have passed KYC:

  • Maximum purchase amount at one time: 4000 EUR
  • Daily account limit: 10,000 EUR
  • Weekly account limit: 25,000 EUR
  • Monthly account limit: 25,000 EUR
  • Number of card transactions per day: 15
  • Operation limit for one card per month: 25,000 EUR

Kick Ecosystem mission is to open cryptocurrency to the whole world and make digital asset trading available to every user, regardless of skill level.

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Source: https://cryptopotato.com/kickex-adds-buying-crypto-for-fiat-with-bank-cards/

Blockchain

Binance Coin, XRP, Dogecoin Price Analysis: 16 May

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Binance Coin headed south towards $500-$510 support – a region bolstered by the 50-SMA (yellow). XRP jumped by 16% on strong volumes but its technicals were yet to reflect a strengthening bullish trend. Finally, Dogecoin could see further dips before a rise above $0.569-resistance.

Binance Coin [BNB]

Source: BNB/USD, TradingView

On the 1-day chart, Binance Coin slipped below $600 and its 20-SMA (blue) and headed towards $500-$510 support – an area that clashed with the 50-SMA (yellow). With large-cap alts trading largely in the red after bearish cues from the market leaders, BNB was no exception. Warning signals came in the form of a bearish twin peak setup on Awesome Oscillator.

Furthermore, bearish divergence on RSI indicated weakening prior to BNB’s dip. At the time of writing, RSI traded in neutral 50-territory. On the 4-hour chart, BNB moved below its 200-SMA and although traders could go long at the current price level, a further pullback towards $500 could be on the cards depending on broader market cues.

XRP

Source: XRP/USD, TradingView

XRP bashed away multiple bearish signs and jumped by 16% in the last 24 hours. Bullish sentiment may have stemmed from Ripple’s response to the SEC’s request of an informal conference to discuss all legal advice that Ripple has solicited during the past.

A series of successive green candlesticks were spotted on XRP’s daily chart and underscored buying resurgence. According to XRP’s technicals, bulls were yet to fully assert control. MACD was close to a bullish crossover, while RSI headed towards the 60-mark. A break above $1.75-resistance could spur some additional buying, while $1.31-$1.22 would provide support in case of further pullbacks.

Dogecoin [DOGE]

Source: DOGE/USD, TradingView

Even though Dogecoin was slightly bullish, the price remained below a key resistance level at $0.569. In fact, Squeeze Momentun Indicator noted weakening buying pressure and it seemed unlikely that $0.569 would be toppled over the coming days – barring any social media anomalies. Support marks stood at $0.37 and $0.44.

MACD line remained below the Signal line- underlining recent woes for DOGE. On the lower timeframe, a degree of equilibrium was noted between the buyers and sellers. If this continued over the coming hours, some consolidation can be expected before the next upswing.


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Source: https://ambcrypto.com/binance-coin-xrp-dogecoin-price-analysis-16-may

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Facebook’s Diem Unveils Its Latest Stablecoin Plans and Strategic Move to the United States

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Diem, the cryptocurrency project headed by Facebook originally known as Libra, recently announced its plans to launch a stablecoin with its focus scaled back to the United States. 

The company stated earlier this year that it would be relocating its primary operations from Switzerland back to the United States, and would withdraw its payment system license application from Switzerland’s financial regulators. “Diem is simplifying its plans for [its] USD stablecoin issuance by shifting its main operations from Switzerland to the United States,” they said.

This decision was later confirmed by the Swiss Financial Market Supervisory Authority. 

Stablecoins are digital currencies pegged to a fiat currency, with Tether (USDT) and USD Coin (USDC) being two prominent examples. California-based Silvergate Bank will become the sole issuer of the Diem USD, while also managing its dollar reserves. 

Diem to Launch Wholly New Subsidiary Diem Networks US Alongside Crypto Bank Silvergate

In a strategic partnership, the two firms have created a new subsidiary called Diem Networks US — which will run the Diem Payment Network (DPN) to facilitate transactions of Diem stablecoins within its network. 

“Silvergate is a leader in financial innovation and an ideal partner for Diem as we move forward with a blockchain-based payment system that protects consumers and enhances the integrity of the financial system,” said Stuart Levey, chief executive officer of Diem.

“We are committed to a payment system that is safe for consumers and businesses, makes payments faster and cheaper, and takes advantage of blockchain technology to bring the benefits of the financial system to more people around the world. We look forward to working with Silvergate to realize this shared vision.” 

Diem’s strategic shift to the United States comes at a time of a rapidly evolving regulatory environment for cryptocurrencies and blockchain technology. 

Some municipalities and states such as Miami and Wisconsin have embraced the recent innovation, whereas regulators such as the newly-appointed SEC Chair Gary Gensler have critiqued the autonomy of the crypto industry. 

With crypto ETFs and related financial products under intense scrutiny by the SEC, it remains to be seen whether Diem’s decision to relocate back to the United States will bear any fruit.

Featured image from ShutterStock

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://bitcoinist.com/facebooks-diem-unveils-its-latest-stablecoin-plans-and-strategic-move-to-the-united-states/?utm_source=rss&utm_medium=rss&utm_campaign=facebooks-diem-unveils-its-latest-stablecoin-plans-and-strategic-move-to-the-united-states

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Crypto Research Firm Delphi Digital Launches Latest NFT Fund

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Delphi Digital, a New York-based crypto research and venture firm, recently launched its latest on-chain fund to invest in non-fungible token (NFT) projects. 

The fund, referred to as Delphi InfiNFT, is based on decentralized finance (DeFi) investing protocol Syndicate. “It will enable automation of deposits, cap table, distributions, fund management, reporting, etc.” said Anil Lulla, co-founder of Delphi Digital. 

“NFT’s are changing digital ownership rights, as well as how creators are interacting with their communities. Along with the growth of the NFT space, there is supporting infrastructure that needs to be built alongside it. The goal of this fund is to find the protocols that are moving the NFT space forward and building the infrastructure that is needed.”

Delphi Digital has partnered with NFT investor Gmoney for its NFT fund, who famously purchased a CryptoPunk NFT for a record price of 140 Ethereum worth approximately $180,000 at the time. Gmoney and Delphi will co-manage the fund together. 

According to their website, the fund will look to create an investment portfolio consisting of 20 protocols through InfiNFT. “We plan to deploy at least 80% of the fund’s capital in the first 6 – 9 months as we find protocols that fit with our thesis,” the team report read. 

“We will identify and select leading NFT networks through our networks and communities. We’ll be working directly with the teams we invest in to help them become a core piece of the NFT ecosystem long-term.

Delphi’s InfiNFT is backed by IDEO CoLab Ventures, Divergence Ventures, Axie Infinity, Compound Finance, and Fractional, among others. 

The recent steep Ethereum selloff led to massive losses in market cap across the NFT markets. According to NFT Valuations, Cryptopunks’ total market valuation dropped $600 million this past week — representing over a 66% loss. In spite of the recent volatility, investors like Delphi Digital appear to be confident in the long-term prospects of the non-fungible token space.

Ethereum (ETH/USD), alongside the broader crypto market, suffered week-long losses following the news of Tesla cutting its Bitcoin payments. At press time, Ethereum is down 9.3% in the past week. Source: Tradingview.com
Featured image from UnSplash 

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://bitcoinist.com/crypto-research-firm-delphi-digital-launches-latest-nft-fund/?utm_source=rss&utm_medium=rss&utm_campaign=crypto-research-firm-delphi-digital-launches-latest-nft-fund

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