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The Complete Beginner’s Guide to CoinMetro Review 2019 – Is it Safe?

Currently, the crypto market place is filled with many different options to exchange digital assets. Choosing the right exchange can, therefore, be a challenge. CoinMetro is a great option for…

The post The Complete Beginner’s Guide to CoinMetro Review 2019 – Is it Safe? appeared first on Cryptocoindude.com.

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Currently, the crypto market place is filled with many different options to exchange digital assets. Choosing the right exchange can, therefore, be a challenge. CoinMetro is a great option for your trading needs. It’s safe, regulated and is on a growth curve to becoming one of the go-to exchanges for all traders. This CoinMetro beginner’s guide will outline why this exchange is one that you really need to visit.


CoinMetro – why it’s different

One of the most significant features of CoinMetro is that every trader is catered for. Whether you’re a beginner or pro, the platform will suit your needs. How’s this achieved?

The exchange is differentiated into three areas depending on how much information you need. Let’s take a deeper look how this works.


An exchange for all needs

The beginner

For beginner traders, CoinMetro has a simple dashboard. This makes the process of buying and selling your favourite crypto super easy. For example, crypto can be bought and sold in three easy steps!

  1. Select the currency you want to buy
  2. Select the currency you want to pay with
  3. Check and confirm the transaction… that’s it!

Here’s the user interface (UI) below:

CoinMetro simple dashboard

How to buy bitcoin with CoinMetro

Here’s a helpful video on buying your first bitcoin on CoinMetro’s simple exchange:

If you’re a new trader and keen to jump in sign up here. If not, read on for more for the full review.

The intermediate trader

Need more detail for your trades? Then CoinMetro have you covered. The intermediate platform is slick, razor-sharp and packed full of information that you’ll need. Check out the UI below:

CoinMetrointermediate dashboard

The pro trader

Professional trader? CoinMetro has you covered too. Advanced charting, analytics and investment tools are at your disposal through the pro trader dashboard.

CoinMetro pro dashboard

It’s a great question? With so much competition, why does this one deserve your attention? After using the service, I’d say there are 3 key reasons.

24/7 support

Gone are the days where support tickets can sit idly on an exchange’s systems while you get increasingly frustrated that your digital assets are lost in cyberspace. CoinMetro support service, as we have tested over a number of months, is second to none. They have full support in English, Spanish, French and Russian. All of our issues were responded to in under 5 minutes (now that’s some customer service!)

Someone famous once said that a good reputation takes years to create and only a few seconds to destroy. CoinMetro is positioning themselves to be the number one provider of outstanding customer experience from buying an asset to trading and selling it.

This is the type of service that the crypto space needs.

Compliance

In the crypto industry, bad actors with limited regard for regulation are being rooted out. This will continue to increase as compliance becomes increasingly important. Why should we care? The huge danger is that if the crypto exchange, where we store our funds, goes into liquidation, then we lose all of our assets and gains we’ve accrued.

That’s why we need exchanges like CoinMetro:

We are not a crypto company, we are a traditional financial institution that understands the complexities and benefits of blockchain and crypto. We are actively working with regulators in a number of jurisdictions to further improve the industry’s regulatory framework.

In this regard, you are taking the best bet to make sure that you safeguard yourself against the pitfalls that have beset other exchanges.

With the safety of CoinMetro, there’s a responsibility from the user in relation to meeting the requirement for personal verification. The Know Your Customer (KYC) procedures are robust. I never had an issue due to having access to plenty of personal documents to verify my identity. If KYC procedures are something that you struggle with, then CoinMetro may not be the best platform for you.

CoinMetro Community

From the top to the bottom, CoinMetro is awesome. The guy leading the show (Kevin Murcko) really knows his potatoes.

You really get a sense that this guy doesn’t just see the surface of the pond, but right down the bottom and back up. I really think he can deliver something special. Here’s the background on Kevin Murcko, CEO.

A Crypto Enthusiast before the term was even a “thing”, Kevin brought transparency to Forex via his unique FXPIG brand and he continually pushes to close the profit gap between institutional and retail traders. FXPIG is not the largest FX broker, but that is by design based on his vision. It was created to change the industry, and it did just that. FXPIG brought transparency to the forefront and it started a growing trend of client-centric shops that actually focus on their client’s profitability rather than their losses. While FXPIG is still very unique in the FX space, it is proud to see the change it helped foster as it pushes through the industry. Kevin has always been a supporter of in-house tech development and FXPIG remains one of the few companies in FX to develop and trade on their own technology. This mantra is at the core of the CoinMetro philosophy as well. With his sights now set on blockchain, Kevin is ready to guide CoinMetro down a similar path; one that will eventually change the way this market operates.

The community, over on Telegram, are backing Kevin big time. There’s a really unique vibe over on Telegram and within the CoinMetro community. It’s like a beating drum and the tempo is speeding up.

Beyond the compliance…the support…the range of trading tools… it’s the community which is one of the most exciting aspects of CoinMetro.

It’s like an early Binance flavour, but with greater compliance to the changing landscape of FinTech.


CoinMetro’s fee structure

CoinMetro fee structure

Cryptocurrency margin trading with CoinMetro

In June 2019, CoinMetro rolled out margin trading on the platform. If you’re not a professional trader, margin trading is trading on account using ‘leverage’ from a brokerage company or a crypto exchange. These funds are used to amplify your position and make bigger gains.

For example, if we had an open position at 2X leverage with $100 of your own money, we would also trade with another $100 from a “lender” off the platform totalling $200.

Using margin trading can lead to impressive gains however, it should be noted that losses can also be amplified by the same measure.

If you want to dig deeper into cryptocurrency margin trading click here What is crypto margin trading?

I personally have used margin trading on CoinMetro as this is something I have used to good effect on the NASDAQ100. If you approach it sensibly, it’s a great tool.

CoinMetro beginner’s guide – wrapped up

It doesn’t stop there; CoinMetro has several development features in the pipeline: Electronically Traded Crypto Funds (ETCF’s), margin lending and Tokenised Asset Management (TAM). This one’s here to stay. Keep checking back on this post and we’ll continue to keep you updated how the exchange is evolving. We hope you’ve enjoyed our CoinMetro beginner’s guide. If you’d like to get involved, then feel free to check it out here.

CoinMetro’s official site

Source: https://cryptocoindude.com/coinmetro-beginners-guide/?utm_source=rss&utm_medium=rss&utm_campaign=coinmetro-beginners-guide

Blockchain

Binance to cease these crypto-derivative offerings in Australia

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Once upon a time, regulators around the world weren’t confident about handling the crypto-ecosystem. This attitude, however, has changed of late thanks to the industry’s growth and the interest it has seen from traditional institutions and major investors.

The aforementioned change isn’t universal, alas, with some crypto-entities still coming under a lot of regulatory fire. Binance is a case in point. The platform has come under increased scrutiny from a growing number of regulators worldwide, including regulatory authorities from the U.K, the U.S, the Netherlands, and Canada.

Australia too has now been added to this ignominious list.

According to an official announcement made by the exchange, Binance will no longer offer Futures and Options trading in Australia. It read,

“As Binance constantly evaluates its product and service offerings to comply with local regulations, we will cease offering the following products to existing Australian users: Futures, Options, Leveraged Tokens”

Moreover, it revealed that ‘existing Australian users will have 90 days to reduce and close their positions for these products.’ Post 23 December, users will no longer be able to manually reduce their positions, and all remaining open positions will cease.

What does this mean for Binance and its executives?

Well, the aforementioned step is in alignment with its executives’ aim – To create a sustainable ecosystem around blockchain technology and digital assets. In fact, according to one of its executives,

“Binance welcomes developments to our industry’s regulatory framework as they pose opportunities for the market players to have greater collaboration with the regulators. We are committed to working constructively in policy-making that seeks to benefit every user.”

This move followed last month’s restrictions on Options, margin products, and leveraged tokens (New accounts were barred from engaging in).

And the “nightmare” continues… 

Binance took a similar hit in a different part of the world less than two weeks ago. It discontinued support for trading pairs in the Singapore dollar (SGD), again due to regulatory crackdown(s).
Binance found itself in troubled waters earlier this year, with regulators around the world zeroing in on the top exchange. The regulatory pressure forced the leading crypto-company to adopt a proactive approach to compliance. That being said, the jury is still out on whether these steps have been making any difference?
Moreover, US authorities are probing possible insider trading and market manipulation allegations involving Binance. The exchange, for its part, has denied these speculations. Binance has a “zero-tolerance policy for insider trading,” a statement said.
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Source: https://ambcrypto.com/binance-to-cease-crypto-derivative-offerings-in-australia

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Blockchain

Robinhood Testing New Cryptocurrency Wallet as Demand Rises

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The millennial-focused trading portal is edging closer to launching a long-awaited app that will enable its growing user-base to send and receive cryptocurrencies.

A beta version of Robinhood’s iPhone app showed the company’s latest upgrades on the new digital asset features, according to Bloomberg.

There is a hidden image showing a waiting list for users eager to get their hands on the app and code referring to crypto transfers, it added.

Delving Deeper into Crypto

Robinhood users can already buy and sell cryptocurrencies on the platform but they need to convert them to and from USD. With a native app, users will be able to send crypto assets to each other directly and set up two-factor authentication for additional security.

Robinhood Chief Executive Officer Vlad Tenev stated that adding crypto wallets is a priority for the company’s developers and they are actively working on such.


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“The ability to deposit and withdraw cryptocurrencies is tricky to do with scale, and we want to make sure it’s done correctly and properly.”

He did not specify a launch date, but the beta app leak suggests it is not too far away. Users of the new functions will need to activate crypto sending and receiving and the registration page will require an identity check, the report added.

On Sept. 11, CryptoPotato reported that Robinhood had launched incentives to promote longer-term cryptocurrency investing. The zero-fee recurring purchase feature enables users to schedule digital asset purchases for regular intervals with buys as low as a dollar.

This will encourage customers to build their cryptocurrency portfolios over time and “become a whole coiner,” stated Robinhood.

Robinhood Users Hungry For Crypto

Cryptocurrency trading has been one of the biggest drivers of revenue for Robinhood this year. Dogecoin has been the crown jewel, according to the company. It reported that 62% of its $233 million in second-quarter crypto income came from DOGE trading.

It added that more than half of all transaction-based revenue on the platform came from digital asset trading. The firm did warn that Q3 would not be as prosperous due to “seasonal headwinds and lower trading activity across the industry.”

Robinhood share prices have already fallen 43% since their all-time high of a little over $70 in early August. They are currently trading down 1.68% since Monday’s open at $40.70 according to Yahoo! Finance.

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Source: https://cryptopotato.com/robinhood-testing-new-cryptocurrency-wallet-as-demand-rises/

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Blockchain

Snoop Dogg Reveals His Connection With Twitter Account on NFTs

Snoop Dogg Twitter

Rate this post American rapper Snoop Dogg tweeted on Monday that he’s the owner of a Twitter account that talks about nonfungible tokens (NFTs). The account, named @CozomoMedici, shares “insights and tales from the wild world of NFTs” and has 27.7K followers at the moment. Snoop Dog Claims to Be Popular NFT Advocate on Twitter Snoop Dogg left the crypto community stunned this week after he revealed himself as the owner of a Twitter account dedicated to NFTs.  The account Cozomo de’ Medici, named after an Italian banker, is only a month old. However, it has already garnered attention from industry watchers and even a mention from crypto-focused news outlet The Block.   According to The Verge, the person behind the Medici account had been creating hype around their real identity for “at least a few days” and even conducted a poll for their followers to take a guess. The poll featured Democratic congresswoman Alexandria Ocasio-Cortez and Matt Bellamy, the lead singer of the rock band Muse. Snoop, however, was not mentioned in the poll. On September 20, @CozomoMedici tweeted that they were about to reveal their identity from their account. Shortly after, Snoop Dogg tweeted “I am @CozomoMedici.”   Interestingly, after making this revelation, the Medici account bought two weed-themed collectibles from an artist named NyanDogg, The Verge reported. Additionally, Snoop’s alleged OpenSea account has been sent  “a cloud of blunt and Snoop-themed NFTs” following the reveal. Is Medici Account an Elaborate Prank? The Medici account could likely turn out to be an elaborate prank, one that Snoop might have engineered himself or just participated in. Many reactions to Medici’s reveal have also expressed skepticism about Snoop’s involvement. “I have a hard time accepting that this account is Snoop Dogg. Like seriously Snoop Dogg muted his live stream for a week (?) by accident. And he is that deep into NFTs out here owning crypto punks… Owning Eth using OpenSea. Would love that to be true but I can’t believe it,” Twitter user @Brandolf485 wrote in the comments. Nonetheless, the crypto community will have to continue looking for concrete proof till Snoop’s involvement with the account is confirmed. 

The post Snoop Dogg Reveals His Connection With Twitter Account on NFTs appeared first on Cryptoknowmics-Crypto News and Media Platform.

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American rapper Snoop Dogg tweeted on Monday that he’s the owner of a Twitter account that talks about nonfungible tokens (NFTs). The account, named @CozomoMedici, shares “insights and tales from the wild world of NFTs” and has 27.7K followers at the moment.

Snoop Dog Claims to Be Popular NFT Advocate on Twitter

Snoop Dogg left the crypto community stunned this week after he revealed himself as the owner of a Twitter account dedicated to NFTs. 

The account Cozomo de’ Medici, named after an Italian banker, is only a month old. However, it has already garnered attention from industry watchers and even a mention from crypto-focused news outlet The Block.  

According to The Verge, the person behind the Medici account had been creating hype around their real identity for “at least a few days” and even conducted a poll for their followers to take a guess. The poll featured Democratic congresswoman Alexandria Ocasio-Cortez and Matt Bellamy, the lead singer of the rock band Muse. Snoop, however, was not mentioned in the poll.

On September 20, @CozomoMedici tweeted that they were about to reveal their identity from their account. Shortly after, Snoop Dogg tweeted “I am @CozomoMedici.”

Interestingly, after making this revelation, the Medici account bought two weed-themed collectibles from an artist named NyanDogg, The Verge reported. Additionally, Snoop’s alleged OpenSea account has been sent  “a cloud of blunt and Snoop-themed NFTs” following the reveal.

Is Medici Account an Elaborate Prank?

The Medici account could likely turn out to be an elaborate prank, one that Snoop might have engineered himself or just participated in. Many reactions to Medici’s reveal have also expressed skepticism about Snoop’s involvement.

“I have a hard time accepting that this account is Snoop Dogg. Like seriously Snoop Dogg muted his live stream for a week (?) by accident. And he is that deep into NFTs out here owning crypto punks… Owning Eth using OpenSea. Would love that to be true but I can’t believe it,” Twitter user @Brandolf485 wrote in the comments.

Nonetheless, the crypto community will have to continue looking for concrete proof till Snoop’s involvement with the account is confirmed. 

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Source: https://www.cryptoknowmics.com/news/snoop-dogg-reveals-his-connection-with-twitter-account-on-nfts/

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