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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

Crypto Exchange Binance Under Investigation by Department of Justice and IRS

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Crypto exchange giant Binance is allegedly under investigation by the U.S. Internal Revenue Service (IRS), as well as the Department of Justice (DOJ) for money laundering and tax evasion.

According to Bloomberg, the federal probe is confidential, with both the DOJ and IRS having “sought information from individuals with insight into Binance’s business.” The report accused Binance of succeeding without strong government oversight, with its lack of corporate headquarters and incorporation in the Cayman Islands — which levies no taxes and offers more lenient business practices. 

“We take our legal obligations very seriously and engage with regulators and law enforcement in a collaborative fashion. We have worked hard to build a robust compliance program that incorporates anti-money laundering principles and tools used by financial institutions to detect and address suspicious activity,” said a Binance spokesperson in response to the recent probe. 

Binance and Crypto Markets Continue to Face Regulatory Scrutiny

One of the biggest criticisms of Bitcoin and the crypto space at large has been their use for criminal activity. Back in January, Treasury Secretary Janet Yellen raised concerns over cryptocurrencies being used in terrorist and illegal financing, with other major financial figures like Charlie Munger associating the industry with “kidnappers” and “extortionists.” 

Chainalysis, a blockchain-based data analytics firm used by U.S. federal agencies, reported in 2019 that Binance saw more funds tied to criminal activity than any other exchanges based on the transactions that it had analyzed.

Binance and Huobi, which are two of the largest cryptocurrency exchanges in the world by volume, saw over 51% of total illicit transactions in the space. Source: Chainalysis Blog

“Binance and Huobi lead all exchanges in illicit Bitcoin received by a significant margin. That may come as a surprise given that Binance and Huobi are two of the largest exchanges operating, and are subject to KYC regulations. How can they be receiving so much Bitcoin from criminal sources? Let’s start by looking at the specific accounts receiving illicit funds at both exchanges.”

This is certainly not the first time Binance has been embroiled in legal troubles. Recently, the exchange’s venture into tradable stock tokens landed the company under the scrutiny of European regulators, including the U.K’s Financial Conduct Authority (FCA) and Germany’s BaFin. In March, Binance hired former U.S. senator Max Baucus as a regulatory advisor. 

Binance Coin (BNB) on Tradingview.com
Featured image from UnSplash 

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://bitcoinist.com/crypto-exchange-binance-under-investigation-by-irs-and-doj/?utm_source=rss&utm_medium=rss&utm_campaign=crypto-exchange-binance-under-investigation-by-irs-and-doj

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Blockchain

Kraken Daily Market Report for May 14 2021

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Overview


  • Total spot trading volume at $3.17 billion, 5.3% higher than the 30-day average of $3.01 billion.
  • Total futures notional at $638.8 million.
  • The top five traded coins were, respectively, Ethereum (+2.3%), Bitcoin (-1.4%), Tether (0%), Dogecoin (12%), and Polkadot (-0.6%).
  • Strong returns from Dogecoin (+12%) and Synthetix (8.5%).

May 14, 2021 
 $3.17B traded across all markets today
 Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD 
ETH 
$3796.7 
↑2.3% 
$825.8M
XBT 
$48974. 
↓1.4% 
$779.3M
USDT 
$1.0009 
↑0.08% 
$508.9M
XDG 
$0.5503 
↑12% 
$407.6M
DOT 
$39.663 
↓0.6% 
$165.0M
ADA 
$1.8208 
↓6.1% 
$154.1M
USDC 
$1.0 
↑0.01% 
$95.7M
XRP 
$1.3287 
↓2.5% 
$79.3M
LTC 
$312.26 
↓1.4% 
$52.4M
ETC 
$88.401 
↓0.4% 
$51.6M
EOS 
$10.559 
↓0.07% 
$34.0M
BCH 
$1232.1 
↓1.5% 
$34.0M
LINK 
$43.633 
↑1.2% 
$33.6M
XLM 
$0.6651 
↑1.4% 
$30.2M
NANO 
$10.933 
↓5.4% 
$28.7M
AAVE 
$532.69 
↑4.9% 
$23.0M
KSM 
$510.58 
↓3.3% 
$19.2M
FIL 
$116.34 
↓0.9% 
$14.4M
SC 
$0.0307 
↑0.7% 
$13.3M
YFI 
$67698. 
↑2.6% 
$10.4M
TRX 
$0.1212 
↓0.19% 
$9.58M
ATOM 
$23.629 
↑0.7% 
$8.93M
SNX 
$19.964 
↑8.5% 
$8.79M
ALGO 
$1.3422 
↓0.6% 
$8.75M
XMR 
$398.66 
↓0.9% 
$8.7M
XTZ 
$6.0497 
↓0.9% 
$8.06M
ZEC 
$288.35 
↓2.5% 
$7.03M
UNI 
$37.991 
↑1.8% 
$6.93M
FLOW 
$24.679 
↑2.2% 
$6.27M
DASH 
$357.46 
↑0.18% 
$5.15M
DAI 
$1.0002 
↓0.01% 
$5.09M
OMG 
$9.7649 
↑1.4% 
$4.35M
OCEAN 
$1.1936 
↓0.3% 
$4.12M
KAVA 
$5.3777 
↑0.5% 
$3.99M
EWT 
$15.814 
↓4.4% 
$3.78M
QTUM 
$20.106 
↓3.0% 
$3.46M
CRV 
$3.3409 
↓0.4% 
$3.04M
WAVES 
$30.683 
↓3.4% 
$2.88M
MANA 
$1.2435 
↓0.5% 
$2.75M
GRT 
$1.2896 
↓1.7% 
$2.63M
ICX 
$2.0734 
↓0.8% 
$2.48M
PAXG 
$1852.2 
↓0.12% 
$2.45M
COMP 
$774.63 
↑1.1% 
$2.31M
BAT 
$1.1887 
↓0.12% 
$2.23M
KEEP 
$0.5042 
↑0.5% 
$2.19M
REPV2 
$36.097 
↓0.4% 
$2.06M
LSK 
$6.7568 
↓5.2% 
$1.98M
STORJ 
$1.6898 
↓0.4% 
$1.89M
KNC 
$2.9788 
↓0.21% 
$1.26M
OXT 
$0.5575 
↑1.7% 
$1.05M
BAL 
$60.560 
↑1.2% 
$979K
GNO 
$250.55 
↑3.0% 
$883K
ANT 
$8.0996 
↓0.8% 
$867K
MLN 
$105.13 
↑1.2% 
$864K
REP 
$39.528 
↑1.6% 
$423K
TBTC 
$50620. 
↓1.8% 
$95.5K



#####################. Trading Volume by Asset. ##########################################

Trading Volume by Asset


The figures below break down the trading volume of the largest, mid-size, and smallest assets. Cryptos are in purple, fiats are in blue. For each asset, the chart contains the daily trading volume in USD, and the percentage of the total trading volume. The percentages for fiats and cryptos are treated separately, so that they both add up to 100%.

Figure 1: Largest trading assets: trading volume (measured in USD) and its percentage of the total trading volume (May 14 2021)



Figure 2: Mid-size trading assets: (measured in USD) (May 14 2021)



Figure 3: Smallest trading assets: (measured in USD) (May 14 2021)



#####################. Spread %. ##########################################

Spread %


Spread percentage is the width of the bid/ask spread divided by the bid/ask midpoint. The values are generated by taking the median spread percentage over each minute, then the average of the medians over the day.

Figure 4: Average spread % by pair (May 14 2021)



.


#########. Returns and Volume ############################################

Returns and Volume


Figure 5: Returns of the four highest volume pairs (May 14 2021)


Figure 6: Volume of the major currencies and an average line that fits the data to a sinusoidal curve to show the daily volume highs and lows (May 14 2021)



###########. Daily Returns. #################################################

Daily Returns %


Figure 7: Returns over USD and XBT. Relative volume and return size is indicated by the size of the font. (May 14 2021)



###########. Disclaimer #################################################

The values generated in this report are from public market data distributed from Kraken WebSockets api. The total volumes and returns are calculated over the reporting day using UTC time.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://blog.kraken.com/post/9130/kraken-daily-market-report-for-may-14-2021/

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Blockchain

Ternoa Blockchain’s NFT-based data transmission project gets LVT Capital as a partner

Republished by Plato

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Ternoa Blockchain has found a new partner as it introduces its NFT-based data transmission service to the market.

The company received an investment from Australia-based private equity firm LVT Capital to form a strategic partnership aimed at enhancing the sustainability, innovation, competitiveness, and dependability of Ternoa’s services that allow users to build time capsules for safely transmitting their memories and important data to their descendants even after death.

Building on LVT’s Expertise

With its focus on blockchain, crypto, and tech projects, LVT Capital has already proven its expertise in these areas with its numerous collaborations and investments. The company has already made investments in more than 40 top-caliber crypto, real estate, finance, education, and cybersecurity firms with 200 more under evaluation for potential collaborations.

LVT Capital has the market and technology expertise as well as the resources to enhance Ternoa’s unique service and promote it to boost the company’s competitiveness. For instance, LVT Capital has its own media & marketing services and an online publishing arm focused on blockchain, technology, and business, which makes the firm a perfect fit for Ternoa.

Ternoa Blockchain Offers Customizable Time Capsules

Ternoa Blockchain found a new way to use NFT and blockchain technologies to help people handle their data storage and transmission needs, which is one of the reasons for LVT Capital’s decision to invest in its business. With its Polkadot-powered, NFT-based customizable time capsules, people can securely transmit their memories such as photos, videos, and other important data to future generations or simply use the platform as a secure storage solution.

Ternoa’s platform is flexible enough and gives users several options on how they wish their data to be retrieved by their intended recipients. The available transmission protocols are Safe Protocol, Consent Protocol, Death Protocol, D-day Protocol, and Countdown Protocol.

  • Safe Protocol – Data owners can retrieve data at any time, which makes use of Ternoa as a secure and portable storage solution.
  • Consent Protocol – Recipients can access the time capsule as long as the original owner does not use his veto option.
  • Death Protocol – The time capsule will be delivered to the beneficiaries upon the death of the creator based on local death registries APIs.
  • Countdown Protocol – Introduces a countdown feature which can be set to1 month, 1 year, or 10 years. The time capsule will be delivered to the recipient if the countdown reaches the limit. The creator can reset the countdown at any time.
  • D-day Protocol – Time capsule can only be accessed on a specific date, which is set by the creator.

While the loss of data is always an issue for other data storage solutions, Ternoa eliminated this risk by making copies of the files inside the time capsule, which are stored in other dex storage blockchains. At the moment, Ternoa sends these copies to Aerweave, Sia, and Storj while keeping the original version in its network. To learn more about the project, click here.

IMPORTANT NOTE: This is a paid press release, which BitcoinerX has posted as part of a commercial agreement. BitcoinerX is not responsible for producing this content and does not endorse the products or services mentioned. It is the responsibility of the company posting the press release to ensure the material is credible and accurate. BitcoinerX is not responsible for any damage or loss caused to anyone who chooses to use the company, product or services mentioned in the press release. BitcoinerX does not recommend using the information in the press release to form the sole basis of investment decisions.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://bitcoinerx.com/blockchain/ternoa-blockchains-nft-based-data-transmission-project-gets-lvt-capital-as-a-partner/

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