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Trade.io 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 Trade.io review will outline everything you need…

The post Trade.io review: a beginners guide 2019 appeared first on Cryptocoindude.com.

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Are you looking for a crypto exchange with attractively low transaction fees? Do you want to earn interest from your crypto coins? This Trade.io review will outline everything you need to know about the platform, and in doing so, discuss why it could be your exchange of choice.

Trade.io 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 Trade.io

Setting up an account

Setting up on Trade.io is easy as 1-2-3. Click here to get started with a Trade.io account. All you need to register is an email address, a username and a password. Trade.io 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 Trade.io may not the platform for you.


Funding your account

One of the best features of Trade.io 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 Trade.io
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.

Trade.io 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 Trade.io

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 Trade.io account using your credit card.

Using credit card

You can also deposit funds to your Trade.io 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.

Trade.io 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 Trade.io

Trading on Trade.io 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. Trade.io offers a variety of trading pairs including BTC/USDT, BCH/BTC, BCH/ETH. LTC/ETH, among others

Choosing trading pairs on Trade.io

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 Trade.io

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 Trade.io

Do you want to earn a passive income from your crypto? If yes,
Trade.io 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 (Trade.io 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. Trade.io 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

Trade.io 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.


Trade.io 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.

Trade.io review – full features of the platform

Trade.io review – wrapped up

Based on our Trade.io review evaluation, Trade.io 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 Trade.io out today.

Source: https://cryptocoindude.com/trade-io-review/?utm_source=rss&utm_medium=rss&utm_campaign=trade-io-review

Blockchain

Indian government cautious about crypto-adoption, CBDC is a possibility

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Indian traders and exchanges might be bullish about the crypto market, but the Indian  government doesn’t seem keen on rushing into the scene. At least, not until studying its homegrown fintech industry and the anti-Bitcoin protests in El Salvador.

Tracking global news

Indian finance minister Nirmala Sitharaman in a recent interview with Hindustan Times explained why the country seemed to be falling behind when it came to crypto adoption.

Though she admitted, El Salvador wasn’t “the best example,” Sitharaman said,

“You’d think common people don’t care about digital currency; but the public took to the streets against the move. It’s not a question of literacy or understanding – it’s also a question of to what extent this is a transparent currency; is it going to be a currency available for everyone?”

Sitharaman referred to CBDCs as a “legitimate” cryptocurrency and admitted there could be a “possibility,” in hat regard. She noted that India held the “strength of the technology” and acknowledged the need to formulate a Cabinet note. However, Sitharaman wondered if India was ready to follow El Salvador’s way.

Facts on the ground

Though accessibility is a pressing concern, more Indians have discovered crypto than perhaps expected.

Nischal Shetty, CEO of the Indian crypto exchange WazirX – a subsidiary of Binance Holdings – has stated that WazirX sign-ups from India’s tier-two and tier-three cities overtook those from tier-one cities this year. Even so, sign-ups from tier-one cities themselves saw a 2,375% rise. Furthermore, WazirX added one million users in April 2021 alone.

Adding to this, the cost of electricity and Internet data in India are relatively cheaper, which could boost both crypto trading and mining in the future. However, at the last count, there was only one Bitcoin ATM in the whole country.

As per data by Useful Tulips, which combined data from Paxful and LocalBitcoins, India saw transfers worth around $4,502,369 in the last two weeks.

Could anti-Bitcoin protests happen in India?

There is evidence to support both sides. India has a strong history of mass protests, with the farmers’ protests against the government’s agricultural laws being one such example. The 2016 demonetization of part of the country’s paper currency still haunts many, and Internet penetration is yet to cross 50%.

However, India also has the largest diaspora in the world, with approximately 18 million people living outside the country. Crypto innovation could lead to hundreds of millions of dollars being saved on remittance charges as money is sent across borders.

But for the time being, it seems India’s urban residents are more bullish about crypto than its government.

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Source: https://ambcrypto.com/indian-government-cautious-about-crypto-adoption-cbdc-is-a-possibility

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A Deep Dive Into The Bitcoin Wallets Of U.S Congress Members, And Why Bitcoiners Are Strongly Against Them

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A Deep Dive Into The Bitcoin Wallets Of U.S Congress Members, And Why Bitcoiners Are Strongly Against Them

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Key takeaways

  • U.S. Congress’ split disposition towards cryptocurrencies raises concerns among market participants.
  • Bitcoin proponent, James Loop goes digging into the financial disclosures of Congress members.
  • His findings revealed only three Congress members have ever disclosed that they hold Bitcoin.

The United States is a key base for innovation and adoption in the cryptocurrency industry. According to data from Crunchbase, there are at least 1,135 organizations founded in the U.S. that provide various cryptocurrency-related services.

Despite the broad adoption of the asset class by the country’s citizens, the government is still divided on opinions about the growing cryptocurrency industry. This can be seen in the U.S. Congress where members of Congress are split between those who support and those who do not support Bitcoin, the most prominent cryptocurrency.

This polarised disposition of Congress has been a pain point for Bitcoiners. Bitcoin market participants have pointed out several issues that emanate from the fact that there are still members of Congress who have not shown themselves to fully understand Bitcoin.

The sentiment is that Congress members who do not fully understand the asset, having not used it, should not be responsible for making laws about it. Additionally, market participants also think it will be a conflict of interest if members of Congress who oppose Bitcoin are found to be holding Bitcoin or if those who support it do not own any. 

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Jameson Lopp, the co-founder, and chief technology officer of Casa – a leading provider of Bitcoin self custody solutions, has gone digging into the United States Senate Financial Disclosures portal. The investigation was carried out to identify Congress members who have declared holdings of cryptocurrencies, and Bitcoin in particular, in their portfolios. 

His findings paint a dismal picture as the majority of the members of Congress who have been vocal in supporting Bitcoin have not held the asset at all according to their financial disclosures for the year ending 2020.

According to his findings, only 3 Congress members have disclosed that they own Bitcoin. The now-retired Representative Bob Goodlatte of Virginia was the first Congressman to disclose the ownership of Bitcoin, doing so in 2017 even before laws were passed to make disclosure mandatory. According to his disclosure, he owned between $1,000 and $15,000 of Bitcoin at the time.

Among currently seated Congress members, only Senators Cynthia Lummis and Pat Toomey have reported Bitcoin holdings in their portfolios in 2020. Senator  Lummis reported owning $100,000 – $250,000 of bitcoin in 2020 making up between 0.6% and 2.75% of her net worth. Similarly, Senator Pat Toomey reported purchasing $1,001 – $15,000 of GBTC in June 2021. The GBTC investment is between 0.01% and 0.7% of his net worth.

The sleuth however concedes that he did not have the time and resources to go through the financial disclosures of all 535 congressional members. Nonetheless, it is telling that of the ones he checked, even members of caucuses in Congress that are affiliated to cryptocurrency and members that have drafted bills that will provide clarity for the industry do not hold Bitcoin or other cryptocurrencies as their financial disclosures show.

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Source: https://zycrypto.com/a-deep-dive-into-the-bitcoin-wallets-of-u-s-congress-members-and-why-bitcoiners-are-strongly-against-them/

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China Again? — Why The Crypto Market Lost Over $300 Billion In Hours And What To Expect

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China Reemphasizes It's Not Yet Done With Clamping Down On Bitcoin

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Key takeaways:

  • Crypto-market records over s$1 billion worth of Crypto liquidations in hours. 
  • Liquidated long positions significantly surpass shorts.
  • Fundamental factors pose serious threat to the market, but the road to recovery is near.

The crypto market has been hit with yet another massive liquidation. Within the last 24hrs, a whopping $1.03 billion worth of long and short positions have been liquidated, as reported by the aggregate derivative exchange platform ByBt.

When traders are long on a particular asset, they are simply gaining exposure to the cryptocurrency in question, in hopes that prices will surge significantly at a later time. It appears that a lot of investors were bullish on crypto for the most part, as long positions were significantly higher than shorts. Precisely $946.10 million worth of crypto was liquidated, while $6.56 million short positions were liquidated.

Liquidations usually take place in the crypto market when a trader’s leveraged position is forcefully sealed by an exchange when the trader’s initial margin is partially or totally lost. Futures and margin trading is usually where liquidation is common.

Many market pundits have warned against over-leverage, which they point to as the case of repeated liquidation. However, despite cryptocurrencies being high-risk due to the intense volatility, leveraging provides an opportunity for investors to generate significant profit. For this reason, liquidations are imminent.

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On a larger spectrum, the question at hand is how the market will be affected going forward. Although no one can accurately predict, recent events hint that the dip could go even deeper, no thanks to fundamental factors like the ongoing Evergrande crisis.

“The Hong Kong stock market plummeted, triggering a decline in global markets and cryptocurrencies. The main reason is Evergrande, China’s largest real estate company with nearly 2 trillion debts.” wrote Chinese journalist Colin Wu.

Thus far, leading assets like Bitcoin, Ether, Solana, Cardano, and many others have dropped in price value and are, at this time, still going downwards. Bitcoin has plummeted to $42,928. While losing more than 7% in value today. Ether, XRP, SOL, DOGE, and Cardano are likewise seeing an extensive decline.

In response to the dip, analysts have responded to their previous sentiments on Bitcoin especially, saying that the expected floor price for this month remains at $42,000 and that a bounce will follow a while later. Altcoin analysts are also keeping their fingers crossed to see how the next 24hrs play out before predicting the market’s trajectory.

PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

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Source: https://zycrypto.com/china-again-why-the-crypto-market-lost-over-300-billion-in-hours-and-what-to-expect/

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