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Showing posts with the label how to trade forex

YouHodler Review: Earn Interest & Take Out Loans on Cryptocurrency Holdings

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  Cryptocurrencies are often viewed as a potential challenger to traditional fiat money. However, newbie investors are often put off by the ultra-volatile nature of the space. The key for success here, much like any other market, is to hold onto your assets through ineluctable market fluctuations. With that said, this is certainly easier said than done. The ever-changing performance of cryptocurrencies makes it tough to ‘HODL’ — especially when you need unrestricted access to your assets. YouHodler was launched as the ideal solution for this dilemma. The platform allows investors to hold on to their cryptocurrencies while having the option to leverage it for loans. To no surprise, the platform has been an instant hit with the digital currency community, subsequently expanding its ventures to become a multi-faceted crypto-fiat financial service. In this article, we provide a detailed and comprehensive review of YouHodler, and how crypto investors can take advantage of its services....

Xcoins Review

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  Not to be mistaken for Xcoins.com, Xcoins.io is an interesting Bitcoin seller, which provides near instant access to new Bitcoins, as well as the opportunity to borrow and lend for Bitcoins. There are few places on the web we’re aware of that introduce this lending feature. We’ll go into much great detail throughout the rest of this Xcoins.io review. Register at XCoins Is There an Xcoins.io Scam? If you search for Xcoins.io on Google, you’ll quickly come across a number of people who talk about a Xcoins.io scam. And while it’s easy to throw around accusations about interesting economic models in the Bitcoin exchange universe, we find Xcoins.io legit claims to be credible. In short, there doesn’t seem to be a reason to think this Xcoins.io scam is real. Xcoins simply does what it says it does. How Does the Xcoins.io Bitcoin Buying Process Work? XCoins.io’s Bitcoin buying process couldn’t be any simpler. For one, all they sell is Bitcoin. No Ethereum, no Dash, no ZCash,...

Crypto exchange OKEx to add support for Bitcoin's Lightning Network

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  Quick Take Crypto exchange OKEx is adding support for Bitcoin’s Lightning Network in the coming weeks. The move is aimed at enabling cheaper and faster bitcoin transactions for users. Cryptocurrency exchange OKEx is adding support for Bitcoin’s Lightning Network in the coming weeks. Revealing the news exclusively to The Block on Tuesday, OKEx said the move is aimed at enabling cheaper and faster transactions for users. Specifically, bitcoin deposits and withdrawals will get cheaper, said the exchange. The current average cost of one bitcoin transaction is about $11, and its average confirmation time is between 10–30 minutes. “This is impractical as more users join the network,” OKEx CEO Jay Hao told The Block. With Bitcoin’s Lightning Network, a Layer-2 scaling solution, the average cost will come down to “less than 0.01 cents,” and the average confirmation time will reduce to “1–3 seconds,” said Hao. That would be a huge benefit, but there are certain limitations of the Light...

Bitfinex Review - Bitfinex Handles 400,000 Per Second

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  Bitfinex , a state-of-the-art digital token trading platform, successfully managed 400,000 ‘trading events’ per second yesterday amid a frenzy of speculation on bitcoin after Elon Musk’s Tesla bought US$1.5 billion of the world’s biggest cryptocurrency. Bitfinex cemented its preeminent position, delivering a high-performance trading experience while rival exchanges suffered downtime amid soaring website traffic as the bitcoin price spiked to US$48,000. Bitfinex handled approximately 400,000 events, or connections, per second from a global customer base between 1pm and 5pm UTC on February 8th. These connections were composed of crypto investors seeking to trade or obtain a price for digital tokens. “The high-level performance of the Bitfinex platform is a reflection of both the dedication of our technology team and the integrity of the exchange,” said Paolo Ardoino, CTO at Bitfinex. “We always strive to deliver an optimal trading performance regardless of market conditions. It is ...

Paxful Review

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  Paxful  is a peer-to-peer (P2P) bitcoin exchange. It’s actually one of the oldest in operation today, so you’re in good hands if you decide to go with Paxful. You’ll do the majority of your stuff via Paxful’s exchange and then, once you’re done with the nitty-gritty stuff, you can manage all your crypto via the Paxful iPhone app. Available for iPhone and Android, Paxful i s  the easiest and coolest platform for getting into Bitcoin for beginners. If you’re brand new to the concept of bitcoin investing, Paxful is the perfect place to start. You can buy, sell, and trade bitcoin and you even get a free bitcoin wallet as part of your membership. The platform is easy to use, supports over 300 payment methods, and is available in the UK, US, and Europe, as well as most other regions, save for those under communist rule. With Paxful installed, you can quickly buy bitcoin and then securely store it inside your wallet. It’s as simple as entering the amount to want to buy and the...

Global Prime Review

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Global Prime , an Australian-based online trading provider, has revealed exclusively to  Finance Magnates  that it has partnered with BidFX in order to expand and centralise its interbank funding market. BidFX is an institutional foreign exchange solutions provider. Under the partnership announced today, Global Prime has selected BidFX’s solution to streamline direct access to tier-1 banks who make up the interbank market. This is done via the BidFX workflow architecture. According to the statement seen by  Finance Magnates,  the solution has reduced overnight funding rates (swaps) for the Australian firm’s retail and institutional clients by more than 50 per cent. The partnership has been driven by increasingly fragile liquidity in the funding markets, which has resulted in volatility in swap points. Because of this, both retail and institutional traders are having to deal with more expensive funding of overnight exposures. Under the agreement, through BidFX’s solut...

AvaTrade Review

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  AvaTrade   was founded in 2006 in Ireland. They still maintain a strong presence there but have since grown to become one of the top forex brokers in the sector offering services around the world. A low minimum deposit requirement of just $100 across most of the available account types, coupled with respected regulation from a number of bodies worldwide, make AvaTrade a popular choice for new and experienced traders alike. The broker offers an extensive range of assets to trade in which includes more than 60 currency pairs, and other markets for trading stocks, ETFs, crypto, and more. AvaTrade users can also avail of a very strong range of educational content with insightful material to fit all level of traders.  Pros Very well-regulated worldwide Excellent range of available markets include forex, CFDs, and cryptocurrency Wide range of top trading platforms available An extensive education section  Cons Demo account is limited to 21-days High inactivity fees Trust...