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Blockchain review: a beginners guide 2019

Are you looking for a crypto exchange with attractively low transaction fees? Do you want to earn interest from your crypto coins? This review will outline everything you need…

The post review: a beginners guide 2019 appeared first on

Republished by Plato



Are you looking for a crypto exchange with attractively low transaction fees? Do you want to earn interest from your crypto coins? This review will outline everything you need to know about the platform, and in doing so, discuss why it could be your exchange of choice. is an easy to use cryptocurrency trading platform built for both novice and veteran traders. It’s a centralized crypto exchange that launched in January 2018. The crypto exchange has its headquarters in Hong Kong and has been quickly gaining global popularity as a go-to platform for crypto-to-crypto trading.

Getting started at

Setting up an account

Setting up on is easy as 1-2-3. Click here to get started with a account. All you need to register is an email address, a username and a password. will first need to confirm your email before continuing with the verification process.

To ensure compliance with regulations, the platform requires that users provide identification documents before any withdrawals are made.

If you feel uncomfortable providing these Know Your Customer (KYC) documents, then may not the platform for you.

Funding your account

One of the best features of is that it allows users to fund their accounts using credit or debit cards. Everyone loves a fiat gateway! New traders often find the onboarding process complicated. The use of credit cards on the platform helps to reduce this barrier.

To buy crypto with your credit card, log in to your
account and visit the “Balance” page. Find the cryptocurrency you wish to buy,
and click on the credit card logo or the deposit button next to your selected
coin, which results in a pop-up screen appearing in the screen.

How to crypto with your credit card

This pop-up screen allows you to choose the number of dollars
or Euros you wish to deposit and gives a quote of coins equivalent to your
chosen amount. When using your credit card, the minimum deposit amount is 50
USD, while the maximum is 20,000 USD. gives its users the choice of four popular cryptocurrencies such as:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Bitcoin Cash (BCH)

To proceed with the transaction, click continue and you will be redirected to the Simplex website, where you are required to fill in some personal information which includes your email address, phone number and billing address. After completing this process, you will receive a verification email and a 4-digit verification code on your phone.

Buy crypto with your credit card on

After verifying both your phone number and email, you’ll then be required to enter your credit card information, after which you are redirected to the purchase page. From here all you need to do is enter your password, and congratulations, you have now funded your account using your credit card.

Using credit card

You can also deposit funds to your account directly
from your crypto wallet. After clicking on the deposit button, choose “Wallet,”
and then enter your wallet address, as well as the amount you wish to deposit. provides very helpful videos on how to deposit funds to your account. However, the platform is so easy to navigate that we did not need to use the videos – always good to have a backup though!

Now that you’ve funded your account, let’s see how to make
money on the platform.

How to trade on

Trading on is a straight-forward process. Once the funds
are deposited in your account, select “Trade” to load the trading screen.

On the right-hand side of the trading screen, select your trading pairs. offers a variety of trading pairs including BTC/USDT, BCH/BTC, BCH/ETH. LTC/ETH, among others

Choosing trading pairs on

To place a buy order, click on the green “Buy” on the top of
the trading screen, and a pop-up window will appear in the middle of the
screen. Click on the 25%, 50%, 75% or 100% buttons at the bottom of the pop-up
screen to select the amount of currency you wish to purchase.

Placing a buy order on

The amount of your chosen cryptocurrency (In this case BTC) is
automatically filled in. Click on the buy button and your order will show on
the order list at the bottom of the screen.

Why Choose

Do you want to earn a passive income from your crypto? If yes, is the crypto exchange for you.

One of the unique features and perhaps the most exciting option in the platform is the Liquidity Pool. The liquidity pool allows users to earn daily interest on TIO tokens ( native token). Users who hold more than 2500 TIOx’s are assured of a daily interest paid directly to their wallets. The more Tiox’s you have – the more interest you earn! You can withdraw your coins from the liquidity pool at anytime without loosing gains.

Low Transaction Fees

Some crypto trading platforms charge excessive fees which eat into your hard-earned profits. understands the importance of lowering trading costs, which is why the platform does not charge deposits, nor does it apply a maker fee. The platform only charges a 0.1% taker fee and some withdrawal fees which are not as high as other crypto exchanges.

Diversity in trading options offers a wide variety of coins for trade, including
BCH, LTC, ETH, ATOM, XEM, GAS, ZRX, XLM, BAT, and ETH among others. These coins
are traded against the TIOx, BTC, USDT, and ETH. The platform also recently
added an option for fiat trading. and a user-friendly Interface

One of the best features of the platform is its simple and intuitive web platform. We were able to easily navigate through the site and make trades in a very short time.

The platform offers simple charts, cool widgets and has tutorial videos to help you out in case you get stuck. review – full features of the platform review – wrapped up

Based on our review evaluation, is undoubtedly an accessible and user-friendly cryptocurrency exchange for both newbie and veteran traders. It offers great fees, a diverse selection of digital currencies to trade from and a chance to earn passively from your crypto tokens.

Keep checking back on this post, and we’ll continue to keep you updated on how the exchange is evolving.

If you’re interested in giving this one a try, head over there on the link below:

Check out today.



TA: Bitcoin Price Back Below 100 SMA, Why BTC Could Retest $45K

Republished by Plato



Bitcoin price failed to stay above $50,000 and $49,000 against the US Dollar. BTC is now below the 100 hourly SMA and it is likely to continue lower towards $45,000

  • Bitcoin started a fresh decline below the $50,000 and $49,000 support levels.
  • The price is now trading well below $50,000 and the 100 hourly simple moving average.
  • There is a connecting bearish trend line forming with resistance near $49,000 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could extend its decline towards $45,000 as long as it is below $50,000.

Bitcoin Price Turns Red

After forming a short-term top near the $52,600 level, bitcoin started a fresh decline. BTC traded below the $51,200 and $50,000 support levels to move back into a negative zone.

There was also a break below a major bullish trend line with support near $49,500 on the hourly chart of the BTC/USD pair. The pair even broke the $48,000 support level. There was a clear break below the 50% Fib retracement level of the upward wave from the $43,050 swing low to $52,650 high.

It is now trading well below $50,000 and the 100 hourly simple moving average. It seems like the bulls are trying to protect the 61.8% Fib retracement level of the upward wave from the $43,050 swing low to $52,650 high.

Bitcoin Price

Source: BTCUSD on

If they fail and the price trades below $46,500, there are chances of more losses. The next key support is near the $45,000 level, below which the bears might aim a test of the $43,000 support zone.

Fresh Increase in BTC?

If bitcoin stays above $46,500, it could correct higher. An initial resistance on the upside is near the $48,000 level. The first major resistance is near the $49,000 level and the 100 hourly simple moving average.

There is also a connecting bearish trend line forming with resistance near $49,000 on the same chart. To move into a positive zone, the price must clear the trend line resistance and then gain pace above the $50,000 barrier.

Technical indicators:

Hourly MACD – The MACD is now gaining momentum in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now well below the 50 level.

Major Support Levels – $46,500, followed by $45,000.

Major Resistance Levels – $48,000, $49,000 and $50,000.

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Analyst tells Tesla to dump Bitcoin for buybacks as shares plunge alongside MSTR’s

Republished by Plato



A former equities CIO of Goldman Sachs drew an strong response on Twitter after suggesting Tesla should sell its Bitcoin and buy back company shares.

The price of TSLA shares have fallen 28% from $863.42 to $621.44, since news broke on Feb. 8 that Tesla had made a $1.5 billion BTC acquisition.

MicroStrategy’s shares have fared even worse in the short term. The company, which is headed by Bitcoin bull Michael Saylor and just completed its latest acquisition of $15 million in BTC on Mar. 3, is now down 50% from its all-time high of $1,315 from Feb. 9.

Tesla’s share market woes are likely due to a number of factors. In early February, it was reported that Tesla had been reprimanded by the Chinese government over quality control issues after receiving consumer complaints. The broader stock market has also experienced volatility, with the S&P 500 down 4.1% in the last 30 days. 

But the tweet from longtime Tesla analyst Gary Black, who has several decades of financial management experience, sparked a debate on whether Tesla’s purchase of $1.5 billion in Bitcoin last month had benefited investors.

“I don’t want them buying back stock,” said Twitter user Techgnostik. “I want them investing in growth, and making another billion on their BTC position.”

Black countered by suggesting TSLA would also draw inclusion by more fund managers with a share buyback program, considering it of greater value to the investor than buying BTC “with excess cash.”

Some users on Twitter agreed that a stock buyback seemed to be a more appropriate use of funds, while others felt too much attention was being paid to what Tesla did with 8% of their cash reserves.

It’s not easy to ascertain the impact buying Bitcoin has had on a company’s bottom line. While MicroStrategy’s share price has halved in a month, shares of MSTR are still up 340%, (from $146.63 to $645.66), since the company announced its first purchase of 21,454 BTC on Aug. 11, 2020. The price of BTC is currently up 310% from the same date.

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Experts divided on BTC predictions: Bullish or super bullish?

Republished by Plato



Despite the current battle between Bitcoin bulls and bears around the $50,000 price mark — and an 8.7% pullback over the past 24 hours — a raft of analysts and commentators have got out their crystal balls to tip a glittering future for Bitcoin prices.

On Mar. 4, Senior Commodity Strategist for Bloomberg Intelligence Mike McGlone pointed to historical data to suggest that Bitcoin is on the way to $100,000.

McGlone’s logic revolves around the growing discount for shares in the Grayscale Bitcoin Trust which is at the same level as last year’s Black Thursday collapse. The discount refers to when shares in the Grayscale Bitcoin Trust trade for less than the value of the underlying Bitcoin (normally they trade at a premium).

Looking at historical data, said that

Twitter user “Lee Hendricks” wasn’t convinced, suggesting the catalyst for Grayscale’s discount could be the result of pressure from upcoming ETFs and other crypto funds. (Although that’s arguably bullish too.)

The Bloomberg strategist isn’t the only expert with high expectations for BTC, with influencer and YouTuber Lark Davis stating on Mar. 4 that “we are just now past the first major price wave,” with two more, larger waves to come.

On March 2, technical analyst Kaleo posted a chart predicting BTC will hit $100,000 near the start of April this year.

It’s a follow-up on his “Bitcoin Halving Reward Era Price” analysis chart two years ago predicting the price would reach $200,000 around mid-2021. He tweeted two weeks ago that he still has faith in it:

“It is by far the most accurate, long-term chart prediction I’ve ever seen for Bitcoin… $BTC will hit $200K+ this cycle.”

Another analyst who goes by the Twitter name MasterChangz, told his 10,000 followers he believes Bitcoin will hit the $200,000 mark even earlier than mid-2021, potentially at the start of April. The next rise, he said, is to $77,000 over the next two weeks.

Other predictions are even bolder with Kraken CEO Jesse Powell stating the cryptocurrency could reach $1 million or even “infinity” in a Bloomberg television interview on Mar. 4, adding that it will eventually become the world’s currency.

“We can only speculate, but when you measure it in terms of dollars, you have to think it’s going to infinity,” he said. “The true believers will tell you that it’s going all the way to the moon, to Mars and eventually, will be the world’s currency.”

Kraken Head of Growth Dan Held, echoed this prediction on Mar. 5, claiming on Twitter that:

“Bitcoin is more likely to hit $1,000,000 than $0.”

Even past Bitcoin skeptics are becoming crypto converts with investment firm Sanders Morris Harris CEO George Ball admitting to Yahoo Finance on Mar. 4 that he believes cryptocurrencies are now “attractive” as a “small part” of any portfolio.

“With the cryptocurrencies, I think there is a fundamental hydra-headed shift that makes them attractive as a part, a small part, of almost any portfolio,” Ball said.

Despite this wave of optimism, history also suggests March could be a bloody month, with Bitcoin’s price falling across the month in six of the past nine years by an average of 5.8%. The most recent of these occurred last year on Black Thursday when the price plunged by 50%. That said, the second-biggest monthly candle in BTC history happened in March 2013, when the price shot up 179%.

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