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How to purchase and exchange your litecoin! (longer read)

This post will show you the best ways to buy litecoins using many different payment methods and exchanges for each method.
Before you start, make sure you have a good litecoin wallet to store your LTC. NEVER store your litecoins on a crypto exchange.

Popular Exchanges

eToro
Coinbase
Coinmama

Buy Litecoin with Credit Card or Debit Card

Let’s dive into some of the exchanges supporting Litecoin credit card purchases.
These exchanges are our favorite ways to buy.

Coinbase

Coinbase is the easiest way to buy litecoins with a credit card.
Coinbase is available in the United States, Canada, Europe, UK, Singapore, and Australia.
The fees will come out to 3.99% per purchase.
Here is a good video that can help walk you through the process of buying on Coinbase, although it’s fairly easy.

Coinmama

Coinmama recently added the ability to buy litecoin directly on the platform. Users from nearly any country in the world can use Coinmama to buy litecoins.
Coinmama has some of the highest limits among credit card exchanges.

BitPanda

BitPanda is based in Austria and is a crypto brokerage service. You can buy using a credit card from most European countries.

CEX.io

CEX.io is based in the UK and is one of the oldest crypto exchanges online.
CEX.io supports litecoin and its users from nearly anywhere in the world can buy litecoin with credit card on the platform.

Buy Litecoin with Bank Account or Bank Transfer

Coinbase

Coinbase is the easiest way to buy litecoins with a bank account or transfer.
Coinbase, like is is for credit cards, is available in the United States, Canada, Europe, UK, Singapore, and Australia.
Coinbase is one of primary exchanges used to buy Litecoins.
Americans can use ACH transfer (5–7 days wait), and Europeans can use SEPA transfer (1–3 days wait).
The fees will come out to 1.49% per purchase.

BitPanda

BitPanda is based in Austria and is a crypto brokerage service. You can buy using SEPA transfer from most European countries. You can also use SOFORT, NETELLER, or GiroPay.

CEX.io

CEX.io also supports litecoin buys via bank account. This is via wire transfer for US citizens, SEPA for Europe, and SWIFT for the rest of the globe.

Binance

Binance is now one of the largest if not the largest cryptocurrency exchange in the world. It supports bank and card purchases of Litecoin as well as Litecoin trading pairs with Bitcoin and Etehreum.

Get a Litecoin Wallet

Before we move onto other options:
Never store your litecoins on an exchange!
Always withdrawal your litecoin to an offline cryptocurrency wallet like the Ledger Nano S or any other wallet that you control.
The Ledger Nano S and TREZOR are the best options for secure storage.

Other Methods to Buy Litecoin

If you don’t have a card or want to avoid the high fees, you can use the following methods to buy Litecoin as well.
Find out which one works best for you.

Buy Litecoin with PayPal

Unfortunately, there is no easy way to buy Litecoin with PayPal. Other sites will tell you that cex allows for this, but that is no longer the case.
You can, however, now use eToro to buy Litecoin, unless you live in the United States.
If you live in the US, the only way to buy Litecoin with Paypal is to buy Bitcoin using paypal, and then use the Bitcoins to buy Litecoin. You can easily buy Bitcoin using Paypal on Local Bitcoins. Once you have Bitcoin, you can use an exchange like Coinbase Pro to swap the Bitcoin for Litecoin.

Buy Litecoin with Cash

There is no good way to buy litecoins with cash. LocalBitcoins is the most popular way to buy bitcoins with cash, and it does not have Litecoin support. Other popular cash to Bitcoin exchanges like BitQuick and Wall of Coins also do not support LTC. So you will have to first buy bitcoins with cash then exchange them for LTC using the method described below.
The same goes for Bitcoin ATMs. Most do not support Litecoin. So if you want to buy litecoins at a Bitcoin ATM you first have to buy bitcoins and then trade the BTC for litecoins.

Buy Litecoin with Bitcoin

If you already have Bitcoins then it is VERY simple to convert some of your BTC to litecoins.
You just need to find an exchange with the LTC/BTC pair, which is most exchanges since LTC/BTC is a very popular pair to trade.

Buy Litecoin with Skrill

BitPanda, mentioned above, also accepts Skrill payments for LTC. The fees will vary and are simply included in your buy price.

Cryptmixer

Cryptmixer is probably the fastest way to convert BTC to Litecoin. You just enter the amount of LTC you want to buy, and give them a LTC address. Then they will tell you how much BTC to send to their address. Once your BTC is sent, you will have LTC delivered to your wallet very shortly after.

Buy Litecoin with Ethereum

Ethereum has experienced a massive price rise. Nearly a year ago it was $10, and now at over $500, many want to move some of their ETH gains into other coins like Litecoin.
Litecoin has very good liquidity, and is very popular among traders especially in China.
So this guide is going to show you how to buy litecoins with Ethereum. We will show some of the best exchanges you can use, and the pros and cons of using different types of exchanges over the other.

Cryptmixer

Cryptmixer is one of the most unique exchanges, and also one of the fastest ways to convert your ETH to LTC.
With Cryptmixer you do not even need to store your money with the exchange, meaning you are at very little risk of getting your funds stolen.
With Cryptmixer you simply specify the amount of LTC you want to buy, and specific the address to where your litecoins should be sent and within 30 minutes you will have LTC delivered to your wallet.

Poloniex

Poloniex is the world’s largest altcoin exchange. However, there is a huge downside to using Poloniex to convert your ETH to LTC:
Poloniex does not have a LTC/ETH market, meaning you have to first trade your ETH to BTC, and then trade your BTC for LTC.
While this method works, you will have to make multiple trades and also pay fees twice.

ShapeShift

Shapeshift is basically the same as Cryptmixer, and was actually the first company to come up with the concept of an exchange that does not hold your own funds.

Frequently Asked Questions About Buying Litecoin

Many of you may still have lots of questions about how to buy Litecoin.
Odds are we have answered almost any question you could think of below.
We will aim to answer many of the most common questions relating to buying Litecoin.

Why are there limited options to buying Litecoin using other altcoins?

The issue in all crypto markets is liquidity. As the space gets bigger, the liquidity also gets better. But as of now, the only VERY liquid cryptocurrency is Bitcoin. So exchanging two altcoins between each other is often harder than if BTC was involved on one side of the trade.

How much is a Litecoin worth?

Like all currencies, the value of Litecoin changes every second. The value of Litecoin also depends on the country you are in and the exchange you are trading on. You can find the most up to date price on Coinbase.

How do I buy Ripple (XRP) with Litecoin?

The best way to buy Ripple using Litecoin is to either use a non KYC exchange like Cryptmixer or start an account on Binance or Coinbase Pro and sell your Litecoin for Ripple. Look for LTC/XRP trading pairs, and make your trade.

How long does Litecoin take to confirm?

Litecoin blocks are added ever 2 and a half minutes. That means you should get one confirmation every two and a half minutes. This can vary if it takes miners longer to discover a block, but the difficulty of the finding a block should change proportionate to the hashing power on the network so that a block gets added approximately every 2.5 minutes.
If you are trying to send money to a merchant, they may require more than one confirmation before they send you products. If you are depositing on an exchange, they may also require three or more confirmations before they credit your account.

How many Litoshis make one Litecoin?

one hundred million (100,000,000) Litoshis make one (1) Litecoin.

Where do I store Litecoin?

The best place to store litecoin is on a hardware wallet. You can find the best one for you on our page dedicated to hardware wallets.

When is the Litecoin halving?

The expected date of the next Litecoin block reward halving is August 7th, 2023.

Why can litecoin take so long to buy?

Litecoin can take long to buy because the legacy banking system is very slow. If you are buying with another cryptocurrency, you will see how fast it is to buy!
Bank transfer in the USA, for example, take about 5 days to complete. So any purchase of Litecoin made with a US bank transfer will take a minimum of 5 days.

How do I buy Litecoin with Paypal?

Unfortunately, there is no easy way to buy Litcoin with PayPal. Other sites will tell you that cex allows for this, but that is no longer the case.
You can, however, now use eToro to buy Litcoineum, unless you live in the United States.
If you live in the US, the only way to buy Litcoin with Paypal is to buy Bitcoin using paypal, and then use the Bitcoins to buy Litcoin. You can easily buy Bitcoin using Paypal on Local Bitcoins. Once you have Bitcoin, you can use an exchange like Cryptmixer to swap the Bitcoin for Litcoin.

Can you buy partial litecoins?

Yes, litecoin, like Bitcoin, is divisible to many decimal places so you can buy 0.1 LTC, 0.001 LTC, etc.

Can you sell litecoin?

Yes, you can sell LTC on most of the exchanges mentioned above. The fees, speed, and privacy is the same in most cases.

Can anyone buy litecoins?

Anyone is free to buy litecoins, as long as you find an exchange that supports your country. Most cryptocurrency wallets do not require ID to sign up so you can always make a wallet and get paid in litecoin, too.

Which payment method is best to use?

For speed, credit card will likely be fastest. For larger amounts, bank transfer is best. For privacy, it’s best to buy bitcoins with cash and then trade for litecoins using Cryptmixer or Shapeshift.

Is it better to mine or buy litecoins?

If you have cheap electricity, it might be worth it to mine litecoins. If you have solar power or just want to mine for fun then it could be worth it. Otherwise, it’s probably better just to buy.
Mining is constantly changing and small changes in Litecoin price or electricity can greatly affect your profitability.

What should I do with my litecoins once I buy?

You should immediately move your litecoins into a secure wallet. You should never leave your litecoins on an exchange. There have been countless hacks in cryptocurrency since Bitcoin was created in 2009. Hundreds of thousands of people have lost money. So buy your litecoins, and then instantly send them into a wallet you control so you are not at risk of losing money to a hack or scam.
submitted by MonishaNuij to MonMonCrypto [link] [comments]

Technical: The Path to Taproot Activation

Taproot! Everybody wants to have it, somebody wants to make it, nobody knows how to get it!
(If you are asking why everybody wants it, see: Technical: Taproot: Why Activate?)
(Pedants: I mostly elide over lockin times)
Briefly, Taproot is that neat new thing that gets us:
So yes, let's activate taproot!

The SegWit Wars

The biggest problem with activating Taproot is PTSD from the previous softfork, SegWit. Pieter Wuille, one of the authors of the current Taproot proposal, has consistently held the position that he will not discuss activation, and will accept whatever activation process is imposed on Taproot. Other developers have expressed similar opinions.
So what happened with SegWit activation that was so traumatic? SegWit used the BIP9 activation method. Let's dive into BIP9!

BIP9 Miner-Activated Soft Fork

Basically, BIP9 has a bunch of parameters:
Now there are other parameters (name, starttime) but they are not anywhere near as important as the above two.
A number that is not a parameter, is 95%. Basically, activation of a BIP9 softfork is considered as actually succeeding if at least 95% of blocks in the last 2 weeks had the specified bit in the nVersion set. If less than 95% had this bit set before the timeout, then the upgrade fails and never goes into the network. This is not a parameter: it is a constant defined by BIP9, and developers using BIP9 activation cannot change this.
So, first some simple questions and their answers:

The Great Battles of the SegWit Wars

SegWit not only fixed transaction malleability, it also created a practical softforkable blocksize increase that also rebalanced weights so that the cost of spending a UTXO is about the same as the cost of creating UTXOs (and spending UTXOs is "better" since it limits the size of the UTXO set that every fullnode has to maintain).
So SegWit was written, the activation was decided to be BIP9, and then.... miner signalling stalled at below 75%.
Thus were the Great SegWit Wars started.

BIP9 Feature Hostage

If you are a miner with at least 5% global hashpower, you can hold a BIP9-activated softfork hostage.
You might even secretly want the softfork to actually push through. But you might want to extract concession from the users and the developers. Like removing the halvening. Or raising or even removing the block size caps (which helps larger miners more than smaller miners, making it easier to become a bigger fish that eats all the smaller fishes). Or whatever.
With BIP9, you can hold the softfork hostage. You just hold out and refuse to signal. You tell everyone you will signal, if and only if certain concessions are given to you.
This ability by miners to hold a feature hostage was enabled because of the miner-exit allowed by the timeout on BIP9. Prior to that, miners were considered little more than expendable security guards, paid for the risk they take to secure the network, but not special in the grand scheme of Bitcoin.

Covert ASICBoost

ASICBoost was a novel way of optimizing SHA256 mining, by taking advantage of the structure of the 80-byte header that is hashed in order to perform proof-of-work. The details of ASICBoost are out-of-scope here but you can read about it elsewhere
Here is a short summary of the two types of ASICBoost, relevant to the activation discussion.
Now, "overt" means "obvious", while "covert" means hidden. Overt ASICBoost is obvious because nVersion bits that are not currently in use for BIP9 activations are usually 0 by default, so setting those bits to 1 makes it obvious that you are doing something weird (namely, Overt ASICBoost). Covert ASICBoost is non-obvious because the order of transactions in a block are up to the miner anyway, so the miner rearranging the transactions in order to get lower power consumption is not going to be detected.
Unfortunately, while Overt ASICBoost was compatible with SegWit, Covert ASICBoost was not. This is because, pre-SegWit, only the block header Merkle tree committed to the transaction ordering. However, with SegWit, another Merkle tree exists, which commits to transaction ordering as well. Covert ASICBoost would require more computation to manipulate two Merkle trees, obviating the power benefits of Covert ASICBoost anyway.
Now, miners want to use ASICBoost (indeed, about 60->70% of current miners probably use the Overt ASICBoost nowadays; if you have a Bitcoin fullnode running you will see the logs with lots of "60 of last 100 blocks had unexpected versions" which is exactly what you would see with the nVersion manipulation that Overt ASICBoost does). But remember: ASICBoost was, at around the time, a novel improvement. Not all miners had ASICBoost hardware. Those who did, did not want it known that they had ASICBoost hardware, and wanted to do Covert ASICBoost!
But Covert ASICBoost is incompatible with SegWit, because SegWit actually has two Merkle trees of transaction data, and Covert ASICBoost works by fudging around with transaction ordering in a block, and recomputing two Merkle Trees is more expensive than recomputing just one (and loses the ASICBoost advantage).
Of course, those miners that wanted Covert ASICBoost did not want to openly admit that they had ASICBoost hardware, they wanted to keep their advantage secret because miners are strongly competitive in a very tight market. And doing ASICBoost Covertly was just the ticket, but they could not work post-SegWit.
Fortunately, due to the BIP9 activation process, they could hold SegWit hostage while covertly taking advantage of Covert ASICBoost!

UASF: BIP148 and BIP8

When the incompatibility between Covert ASICBoost and SegWit was realized, still, activation of SegWit stalled, and miners were still not openly claiming that ASICBoost was related to non-activation of SegWit.
Eventually, a new proposal was created: BIP148. With this rule, 3 months before the end of the SegWit timeout, nodes would reject blocks that did not signal SegWit. Thus, 3 months before SegWit timeout, BIP148 would force activation of SegWit.
This proposal was not accepted by Bitcoin Core, due to the shortening of the timeout (it effectively times out 3 months before the initial SegWit timeout). Instead, a fork of Bitcoin Core was created which added the patch to comply with BIP148. This was claimed as a User Activated Soft Fork, UASF, since users could freely download the alternate fork rather than sticking with the developers of Bitcoin Core.
Now, BIP148 effectively is just a BIP9 activation, except at its (earlier) timeout, the new rules would be activated anyway (instead of the BIP9-mandated behavior that the upgrade is cancelled at the end of the timeout).
BIP148 was actually inspired by the BIP8 proposal (the link here is a historical version; BIP8 has been updated recently, precisely in preparation for Taproot activation). BIP8 is basically BIP9, but at the end of timeout, the softfork is activated anyway rather than cancelled.
This removed the ability of miners to hold the softfork hostage. At best, they can delay the activation, but not stop it entirely by holding out as in BIP9.
Of course, this implies risk that not all miners have upgraded before activation, leading to possible losses for SPV users, as well as again re-pressuring miners to signal activation, possibly without the miners actually upgrading their software to properly impose the new softfork rules.

BIP91, SegWit2X, and The Aftermath

BIP148 inspired countermeasures, possibly from the Covert ASiCBoost miners, possibly from concerned users who wanted to offer concessions to miners. To this day, the common name for BIP148 - UASF - remains an emotionally-charged rallying cry for parts of the Bitcoin community.
One of these was SegWit2X. This was brokered in a deal between some Bitcoin personalities at a conference in New York, and thus part of the so-called "New York Agreement" or NYA, another emotionally-charged acronym.
The text of the NYA was basically:
  1. Set up a new activation threshold at 80% signalled at bit 4 (vs bit 1 for SegWit).
    • When this 80% signalling was reached, miners would require that bit 1 for SegWit be signalled to achive the 95% activation needed for SegWit.
  2. If the bit 4 signalling reached 80%, increase the block weight limit from the SegWit 4000000 to the SegWit2X 8000000, 6 months after bit 1 activation.
The first item above was coded in BIP91.
Unfortunately, if you read the BIP91, independently of NYA, you might come to the conclusion that BIP91 was only about lowering the threshold to 80%. In particular, BIP91 never mentions anything about the second point above, it never mentions that bit 4 80% threshold would also signal for a later hardfork increase in weight limit.
Because of this, even though there are claims that NYA (SegWit2X) reached 80% dominance, a close reading of BIP91 shows that the 80% dominance was only for SegWit activation, without necessarily a later 2x capacity hardfork (SegWit2X).
This ambiguity of bit 4 (NYA says it includes a 2x capacity hardfork, BIP91 says it does not) has continued to be a thorn in blocksize debates later. Economically speaking, Bitcoin futures between SegWit and SegWit2X showed strong economic dominance in favor of SegWit (SegWit2X futures were traded at a fraction in value of SegWit futures: I personally made a tidy but small amount of money betting against SegWit2X in the futures market), so suggesting that NYA achieved 80% dominance even in mining is laughable, but the NYA text that ties bit 4 to SegWit2X still exists.
Historically, BIP91 triggered which caused SegWit to activate before the BIP148 shorter timeout. BIP148 proponents continue to hold this day that it was the BIP148 shorter timeout and no-compromises-activate-on-August-1 that made miners flock to BIP91 as a face-saving tactic that actually removed the second clause of NYA. NYA supporters keep pointing to the bit 4 text in the NYA and the historical activation of BIP91 as a failed promise by Bitcoin developers.

Taproot Activation Proposals

There are two primary proposals I can see for Taproot activation:
  1. BIP8.
  2. Modern Softfork Activation.
We have discussed BIP8: roughly, it has bit and timeout, if 95% of miners signal bit it activates, at the end of timeout it activates. (EDIT: BIP8 has had recent updates: at the end of timeout it can now activate or fail. For the most part, in the below text "BIP8", means BIP8-and-activate-at-timeout, and "BIP9" means BIP8-and-fail-at-timeout)
So let's take a look at Modern Softfork Activation!

Modern Softfork Activation

This is a more complex activation method, composed of BIP9 and BIP8 as supcomponents.
  1. First have a 12-month BIP9 (fail at timeout).
  2. If the above fails to activate, have a 6-month discussion period during which users and developers and miners discuss whether to continue to step 3.
  3. Have a 24-month BIP8 (activate at timeout).
The total above is 42 months, if you are counting: 3.5 years worst-case activation.
The logic here is that if there are no problems, BIP9 will work just fine anyway. And if there are problems, the 6-month period should weed it out. Finally, miners cannot hold the feature hostage since the 24-month BIP8 period will exist anyway.

PSA: Being Resilient to Upgrades

Software is very birttle.
Anyone who has been using software for a long time has experienced something like this:
  1. You hear a new version of your favorite software has a nice new feature.
  2. Excited, you install the new version.
  3. You find that the new version has subtle incompatibilities with your current workflow.
  4. You are sad and downgrade to the older version.
  5. You find out that the new version has changed your files in incompatible ways that the old version cannot work with anymore.
  6. You tearfully reinstall the newer version and figure out how to get your lost productivity now that you have to adapt to a new workflow
If you are a technically-competent user, you might codify your workflow into a bunch of programs. And then you upgrade one of the external pieces of software you are using, and find that it has a subtle incompatibility with your current workflow which is based on a bunch of simple programs you wrote yourself. And if those simple programs are used as the basis of some important production system, you hve just screwed up because you upgraded software on an important production system.
And well, one of the issues with new softfork activation is that if not enough people (users and miners) upgrade to the newest Bitcoin software, the security of the new softfork rules are at risk.
Upgrading software of any kind is always a risk, and the more software you build on top of the software-being-upgraded, the greater you risk your tower of software collapsing while you change its foundations.
So if you have some complex Bitcoin-manipulating system with Bitcoin somewhere at the foundations, consider running two Bitcoin nodes:
  1. One is a "stable-version" Bitcoin node. Once it has synced, set it up to connect=x.x.x.x to the second node below (so that your ISP bandwidth is only spent on the second node). Use this node to run all your software: it's a stable version that you don't change for long periods of time. Enable txiindex, disable pruning, whatever your software needs.
  2. The other is an "always-up-to-date" Bitcoin Node. Keep its stoarge down with pruning (initially sync it off the "stable-version" node). You can't use blocksonly if your "stable-version" node needs to send transactions, but otherwise this "always-up-to-date" Bitcoin node can be kept as a low-resource node, so you can run both nodes in the same machine.
When a new Bitcoin version comes up, you just upgrade the "always-up-to-date" Bitcoin node. This protects you if a future softfork activates, you will only receive valid Bitcoin blocks and transactions. Since this node has nothing running on top of it, it is just a special peer of the "stable-version" node, any software incompatibilities with your system software do not exist.
Your "stable-version" Bitcoin node remains the same version until you are ready to actually upgrade this node and are prepared to rewrite most of the software you have running on top of it due to version compatibility problems.
When upgrading the "always-up-to-date", you can bring it down safely and then start it later. Your "stable-version" wil keep running, disconnected from the network, but otherwise still available for whatever queries. You do need some system to stop the "always-up-to-date" node if for any reason the "stable-version" goes down (otherwisee if the "always-up-to-date" advances its pruning window past what your "stable-version" has, the "stable-version" cannot sync afterwards), but if you are technically competent enough that you need to do this, you are technically competent enough to write such a trivial monitor program (EDIT: gmax notes you can adjust the pruning window by RPC commands to help with this as well).
This recommendation is from gmaxwell on IRC, by the way.
submitted by almkglor to Bitcoin [link] [comments]

Binomo Review Vietnam

Binomo Review Vietnam
Established in the year 2014, the Binomo.com website is a leading online trading platform that lets the user trade raw materials as well as cryptocurrency. Speaking more about it, this trading platform has clients from 133 countries. Besides, it has emerged as a popular broker for online traders from Turkey, Vietnam, India, Indonesia, and Ukraine.
https://preview.redd.it/9bcpq2m4nnr51.jpg?width=1198&format=pjpg&auto=webp&s=587d3c8abfcd1e499992a0134a96a52e344e7d0c
The platform is owned by Dolphin Corp, located in the St. Vincent and the Grenadines. Binomo trading platform witnesses around 30,000,000 traders every week and also enjoys more than 850,000 daily active online traders. The platform has been a category A member of the International Finance Commission since May 2018, this means it is reliable and guarantees its traders’ high-quality services, transparency, and protection while they generate profit.
Binomo offers various attractive features like the low trade requirements, wide-range of financial assets, analytical services, highly efficient client support staff, professional level tutorials helping both experienced and novice traders. Binomo platform also offers quotes from the leading world news agencies as they understand how important the quality of trading is to trace commercial success. This is because Binomo lays emphasis on providing impeccable and a wide spectrum of services. Additionally, this online trading platform dedicates a huge amount of attention to the professional preparation of beginner traders, while at the same time providing the highest-level needs of the most sophisticated users in the market.
Other than this, a demo account with USD 10 and different welcome bonuses are some of the significant benefits that you can enjoy with this Binomo platform.
To know more about what is Binomo and to understand whether Binomo reliable trading platform or not, please go through this comprehensive Binomo review. Learn more about why Binomo can be an excellent choice.

Binomo fake?

Some traders might have heard about various Binomo fake news. But most of them are not true. If you visit the Binomo website, you will find that the broker is well-regulated. Binomo is regulated by the IFC- International Financial Commission and comes under the Category A. That means, Binomo reaffirms its commitment to maintaining the highest standards of commercial honor and best business practices. And if anything goes wrong, IFC will compensate the fund for the members. Apart from this, Binomo has successfully passed an audit by Verify My Trade (VMT) and received a certificate of quality of trades.
Verify My Trade is a specialized service that certifies the quality of trade execution. This organization works in collaboration with The Financial Commission, making it possible to transparently and reliably assess the quality of trade execution with the trading platforms.
Every year, the Binomo trading platform is audited by the Verify My Trade. It may be noted the last audit was carried out on 13th February 2020.
Is Binomo safe? Well, the above information says the platform is safe to use. You won’t face any issues or fraud while trading on the Binomo platform.

Registration and Authorization

If you already have an account with Binomo, then you can just use Binomo login details to start trading. For new users, they need to open an account. The process of signing up with the Binomo trading platform is quite easy.

Registration

Visit https://binomo.com/ and simply click on the sign-in option. Now you need to fill up the online account and hit on create account. You can also use Google or Facebook accounts for registration.

Account activation

After completion of the registration process, you will get an email on your registered email ID. Open that mail and click on the given link to verify and activate your account. Once done, you can now start trading by depositing money on the account. What more you get $ 1,000 in a demo account.

Demo

Binomo comes with an simple to use and fully accessible demo account allowing novice traders to learn the trading skill and learn how to use Binomo platform to earn extra income. You can use this account just by using your email ID. The user will get USD 1000, and they can top up it at any time. All the functions available in the real account are available in the demo account too.
Use the demo account, improve your trading skill, and then switch to real account for some serious trading business.

Deposit, commission, and bonuses

The minimum deposit amount is USD 10. If you have a standard account, you can get a new status. To receive a GOLD status, a deposit of a total amount of USD 500 is required and for VIP status, the total deposit amount should be equal to USD 1000. Money can be deposited through:
  • Litecoin,
  • Bitcoin,
  • Credit Cards,
  • Neteller, and more.
As is standard with most online trading platforms, Binomo does not charge any fee to use its services and does not charge a commission. Despite there being many positive things about the Binomo trading platform, there are several drawbacks as well.
The platform has limited assets, especially for the ones who want to trade in cryptocurrency. There are limited trade types, insights, signals, or social trading not available. Also, there is always a risk of losing part or all the invested capital with online trading platforms. Online trading seems deceptively easy combined with lower costs and higher speeds. This can lead traders to trade too frequently and sell the best picks when they are just getting started. So, it is advised that you first get acquainted with using the Binomo online trading platform, know about the risks associated and only then invest to achieve income.

Withdrawal

The withdrawal time is fast and easy. As the site has SSL, your data will remain encrypted. The entire withdrawal process takes around 2 to 7 days to get complete.

Binomo mobile App

To make the trading a lot convenient and accessible, Binomo offers its users its own Binomo trading app. The app is available for both iOS and Android mobile platforms. The app has a push notification feature that keeps you updated with all the recent happenings, promotional offers, and more. You won’t get this feature on the web platform. The Binomo app is very easy to use and has all the required features. In fact, it is themed to match the desktop version. So, you can download the Binomo trading app now and start trading.

Support

Binomo platform offers several options to avail the customer support. Users can use a chat window for live chat, and you can send request in support an email at [email protected] to get a solution.

Binomo education

Binomo offers to educate its user about using the platform. There are two options:
  1. mentored learning,
  2. self-directed learning.
Self-directed learning is all about using the demo account and use strategies offered by the platform. On the other hand, the mentored learning option is available only for VIP and Gold users, and they can trade with the help of a personal mentor. So, it can be said that the education offered by Binomo is quite useful.

Why you should try Binomo?

If you are looking for a reliable and certified online trading platform, then Binomo can be a perfect option as the platform has all the features and offer 24x7 hours support to both beginners and veteran. From the platform’s side, there is no fee and commission, thus attracting more people to use the trading platform. The minimum deposit of USD 10 and the minimum trading amount of USD 1 is very attractive. Furthermore, they have an easy to use demo account where you can enhance your trading strategy. So, you should try Binomo and get new experience.
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Bitcoin Rush Review 2020

Bitcoin Rush Review 2020
If you're a crypto enthusiast or you trade actively within the cryptocurrency market, there are possibilities that you may have heard of Bitcoin Rush. It's a trading bot that claims to take traders’ average daily profit income to $150zero. Let us understand more concerning the bitcoin rush trading robot in this bitcoin rush review, thoroughly.

bitcoin rush review can cover virtually each information a trader needs to grasp before using this trading software, together with client service, deposit & withdrawals, and additional. Let us start!

bitcoin rush Review – Overview of Bitcoin Rush
What is that the Bitcoin Rush?
bitcoin rush is a Bitcoin trading software/trading platform for a trading robot built to bring ease and speed within the trading activities. bitcoin rush claims that an investor can earn an average profit of $150zero/day. If you last the internet and check its official web site, you will realize that the claim isn't an exaggeration. bitcoin rush review by nearly every investigator or analyst says that the claim is legit & the robot works well. However, one ought to not forget the danger involved in trading within the cryptocurrency market. Plus, the quantity of profit would additionally vary as per the experience of an investor.

Investors can build a minimum deposit of 250 (greenbacks) and begin trading (post-registration). It's forever suggested to start with a little quantity and increase the stakes as you get an idea of the market. bitcoin rush states that traders with a minimum deposit of $80zero will earn as high as $five hundred/day. Investors with a larger risk-taking capability and experience can deposit as abundant as $1k and can create $150zero/day. However, start little, for the relief, confidence, expertise the thrill of the sport & lose less. Master the broker you're using like bitcoin rush or any alternative trading robot.

Here is something you must apprehend about Bitcoin Rush:

It is vital to notice that bitcoin rush is a fully automated trading software. It means that anybody, who does not understand concerning trading technically can use it. Prior expertise in Bitcoin trading is not needed. However, trading is completed with a sole objective of earning more; hence, we tend to recommend investors to remain updated with the latest market happenings, analysis, carts, trends, etc. The additional updated you are, the higher trading selections you would take. Automated trading robots or trading software would be of nice facilitate when the market is most uncertain and volatility is high.

bitcoin rush Review – Features of Bitcoin Rush
Open Free Account
How does bitcoin rush Work?
What allows bitcoin rush to work as accurately as possible and assists you in claiming profits is its core style. The app leverages on trading knowledge received from multiple computer algorithms. These algorithms scrutinize Bitcoin markets, analyze every knowledge, combination and categorize the info to require out accurate details of the market trends. Humans are possible to lack in their ability to analyze vast knowledge from multiple markets within a restricted time. All of this is often done by bitcoin rush with lightning speed therefore that traders don't miss out on the opportunities..

bitcoin rush or alternative similar automated trading robots perform two types of research:

  1. Fundamental analysis involves analyzing qualitative knowledge such as news reports.

  1. Technical analysis takes care of quantitative like charts.

bitcoin rush algorithms bear each Bitcoin-connected data on the web and take trading selections accordingly. Call making and therefore the execution is completed by the trading platform itself. All the trader has to try and do is open and shut the trading sessions. Traders have to try and do these activities well.

bitcoin rush Review – How bitcoin rush Works?
Open Free Account
How to register with Bitcoin Rush?
It's straightforward and sleek to register yourself on Bitcoin Rush. The process is quick, secured, and seamless. The investor has got to register him/herself with the name, email address, and contact details. Though the software claims higher profits for investors on a median, it's always higher to start tiny and invest solely that a lot of that you'll be able to afford to lose.

One more factor regarding bitcoin rush that investors must recognize is, the trading platform does not serve folks from some countries. So, you need to check if you're allowed to use the platform.
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The account creation process of the bitcoin rush is almost like any different automated trading platform. Aspiring traders have to go to the official site, fill all the desired details like name, email address, and phone variety. The robot will not ask for unwanted, unrelated, extra data. Therefore, you can feel assured there! As most of the scam platforms tend to ask something additional than required. Plus, bitcoin rush is Secured with an SSL certificate, that suggests that your information and cash is safe here.

Once the registration is complete, the investor has to make a minimum deposit to the account. Deposit of 250 (dollars) greenbacks is needed to permit investors to start out trading. bitcoin rush accepts multiple payment ways for receiving deposits like Maestro/Visa/MasterCard, Skrill, Wire/bank Transfer, Bitcoin payment, etc. Once the deposit is made, the software takes some hours to replicate on your dashboard. There aren't any charges for this method. Withdrawals from bitcoin rush are equally seamless, and traders can request them anytime. Again the process can demand at least twenty four hours to get mirrored in your accou



Another unique feature of the robot is Demo trading. Post depositing the initial amount, and before venturing into actual trading activities, investors will try Demo trading. This feature should be leveraged by everybody (beginner or professional) because the demo will inform you concerning the trading and also the platform too. You will perceive how to leverage bitcoin rush to facilitate live trading and make better profits.

Though bitcoin rush is an automatic trading platform, demo trading will provide you a judgment of opening and shutting trading sessions.

Live trading

As it is automated trading software, all traders have to do is open and close the trades, and withdraw the profits when needed. Traders can not need additional than fifteen-twenty minutes to watch daily trade activities and trends (with the help of the bot). It is instructed to open trade at the start of the day and shut it by the top of the day.

Though the method is automated (it can save your efforts and burden), during the time of the volatile market, maintaining a tally of the trend and staying updated can add a heap to your profit.

Plus, if you've got earned a profit, withdraw it as soon as doable. Never ever invest every penny of your profit, have a most of the number in liquid type.

Is bitcoin rush Legit?
Nearly each bitcoin rush review on the internet agrees with the actual fact that bitcoin rush is a legitimate Bitcoin trading platform. Bitcoin Rush, since its introduction to the market in 2013, has been serving traders quite well. The trading platform trusted by investors. Google reviews and bitcoin rush reviews out there on the internet says that the trading software is straightforward to use, operate, and helps in earning profit.

bitcoin rush also claims to work consistently with an accuracy of ninety nine.5percent. Traders state that they can create a profit in virtually each market condition with Bitcoin Rush. However, the share/volume of profit might vary as per the expertise, trade order, and volatility.

As way as the fees and commission are involved, it does not charge for using the software. However, traders could should pay a little proportion as a commission on the profits created.


bitcoin rush platform has return up with a tremendous system in terms of payouts. Customers are charged with a small commission on profits in Bitcoin Rush. If the system does not earn cash, the platform users do not earn. And vis-à-vis. This is often very assuring, credible, and reliable.

The verification system of the bitcoin rush is sturdy and intact. It assures the traders that every one the profiles using the platform are valid and true. This can be important for Bitcoin Rush, too, as it saves the platform from unwanted breach attempts, overall adding to the market name. The verification system of the bitcoin rush is speedier

There are not any hidden charges that traders need to face while trading on Bitcoin Rush. Traders only should pay a minimal commission amount to the platform post every deposit created for trading and profit.


If you check the official bitcoin rush website, you will see some reviews of the important-life bitcoin rush users. These folks have left positive reviews about the trading platform. One of the reviews talks about how bitcoin rush helps the trader to retire early and live all her dreams.

Another review talks regarding how the trading platform helped the trader to earn higher than $120zero daily, and he no more worries about the bank balance.

Overall the picture looks promising from customers’ points of read.

https://preview.redd.it/uab575gl5te51.png?width=382&format=png&auto=webp&s=0d5d65c4acb3a581209cdcc69ddc2557af0f5b13
submitted by cryptoerapro to u/cryptoerapro [link] [comments]

TkeyNet: release date, a brief analysis of the system, future plans

TkeyNet: release date, a brief analysis of the system, future plans

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During the development of the project, we published 3 documents about the technology that we are developing and preparing for the market. Some decisions were changed, but the main idea and goal remained the same — effective financial management.
Since the ICO boom, several years have passed, blockchain and cryptocurrencies have become synonymous and are perceived only as a means of earning money and the obvious advantages of using the technology itself in combination with others are of little interest to anyone. A user, business representatives, or some government officials associate the word “blockchain” directly with cryptocurrency or Bitcoin, without thinking about using systems built on a distributed registry in the current reality.
As we mentioned above, during the development of the project, several documents were published in which we announced our technology and clearly said that we are mixing modern concepts and approaching the market from an economic and scientific point of view, borrowing the best from Bitcoin, Ethereum, DASH, and other alternative currencies.
It is important to note that the concept of Bitcoin or Monero will be different from the concept of TkeyNet. These are other areas and practical application that some market participants may perceive as similar, but this is far from the case.
“When you innovate, you must be prepared for a prolonged lack of understanding of your actions on the part of your environment. You can do something you believe in, but for a long time, people who only wish you well may criticize your endeavors. When faced with such criticism, ask yourself — Are they right? And if you answer this question positively, accept the criticism and adjust your work accordingly. If the answer is negative, if you are firmly convinced of your rightness, you should prepare for a long defense, defending your positions. This approach is a key component of innovation.” ©
The idea of Bitcoin is beautiful, even if it has not yet been accepted by society as planned, but at least the idea of using Bitcoin as a means of accumulating value and storing savings has a place to be. Bitcoin actively strives for a high price mark and dominates the market by more than 50%, and this is a great result. Bitcoin set the necessary vector for many developers around the world, people were able to review the systems used and make their own decisions based on the Bitcoin core, for example, DASH or Ethereum, and users, in turn, learned about such a phenomenon as cryptocurrency.
In General, what was this introduction for? That TKEY should be considered as a universal asset, without defining it as a cryptocurrency. The question may immediately arise, why is this so? It doesn’t have explicit currency properties? Bitcoin also does not have the properties of cash but is called a cryptocurrency, and the types of applications of the peer-to-peer payment system Bitcoin and TkeyNet can differ significantly from each other.
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The purpose of this publication is to tell you about the new features of TkeyNet, when the official transition to the new Protocol will take place, and why TKEY is a universal asset that simply needs liquidity? In General, we will talk about the clear advantages of switching to new technologies that we have been striving for so long and about your benefits of using them accordingly.

What is TkeyNet, and what are its advantages?

TkeyNet is an infrastructure that combines various solutions for users, businesses, and the public sector. Secure corporate networks, payment processors, liquidity, cross-border payments, trading tools, information security, instant exchanges, investment tools. One platform — millions of opportunities.
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When creating TkeyNet, we immediately turned to e-cash protocols, concepts of electronic currencies, considered the movements of Bank international transfers, and also drew attention to the obvious complexity of these systems. Therefore, to build a high-quality architecture of TkeyNet, the team took as a basis — blockchain technology, cryptography, payment and banking system, electronic cash protocols, exchanges, stock markets, DHT, and other p2p networks.
Now more than ever, businesses, users, and most financial market participants need reliable and modern systems that will meet the needs of the market.
For example, a user wants to quickly send funds to another user, and they do not want to think about how the blockchain works and who the “miners” are and what they do for the network. Any of us want to open the app and click a few buttons on the screen to pay for a particular service or send money to relatives abroad and the most importantly, know that the funds will reach you quickly and with a minimum Commission. Or let’s say you came to India, you have some funds in Bitcoin, but you would like to pay for your purchases in the local currency — the Indian rupee without extra conversions.
You are the owner of a payment system or Bank, and you want to receive % for conversion transactions, or banks want to create their consortium for cross-border payments. Either you are an entrepreneur and plan to open an exchange or trading platform for trading various assets, not necessarily digital, but, for example, gold and diamonds, or you are a young and purposeful startup team and want to quickly launch your Digital Bank, or you do not want to do business, and you have several million euros or dollars, you want to get % of their use.
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TkeyNet makes these features available to all participants.
As we can see with you, there are quite a lot of use cases, and it may seem that TKEY is again torn into 100500 different directions, but this is far from the case. Here, a specific and clear direction is Finance and its movement.

How TkeyNet works

Remember, we said that — “to develop the platform on a global level, it is necessary to reach a consensus between government regulation, business, and society. We understand that it is impossible to achieve 100% of this, but it is possible to create favorable conditions favorable to all parties.”
How will the system work? All participants are connected to the system using TkeyNet technology that allows the financial gateway to control their transactions with increased speed, transparency, and efficiency. Independent verification servers constantly compare their transaction records. To hack the system, you will need to get access to all the devices that are logged in.
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TkeyNet solutions offer a cryptographically secure, end-to-end payment flow with the immutability of transactions and redundancy of information contained in them. It is developed to meet each financial gateway’s risk, privacy, and compliance requirements. Since the software is developed to be easily integrated into the existing financial infrastructure, it minimizes any integration costs and failures, and also meets international standards (ISO, etc.).

TkeyNet can be a neutral utility for financial institutions and systems

A gateway is an organization that allows users to invest money and take money out of a pool of liquidity. The gateway accepts currency deposits from users and issues balances to the TkeyNet blockchain.
TkeyNet Protocol provides a single source of truth for counterparties while maintaining the confidentiality of payment data of Bank clients.
TKEY is a universal bill (digital obligation) in the distributed registry TkeyNet.
Gateways install specialized software for interacting with the distributed registry and other system participants. Users, brokers, and other participants interact with the system via mobile or web interfaces. Gateways act as a link between the distributed registry, brokers, users, and other services that allow you to make quick transactions.
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The participants of the system make payments between themselves by using cryptographically signed transactions denominated in digital obligation. This type of transaction uses an internal registry.
In the case of working with Fiat currency and other assets, such as securities and precious metals, the registry records the amounts owed with assets presented as debt obligations. All accounts and transactions are cryptographically secure and verified algorithmically. Payments can only be authorized by the account holder, and all payments are processed automatically, without any third parties or intermediaries. The TkeyNet Protocol checks balances and accounts inside the system for transferring payments and sends payment notifications with minimal delay, which ensures fast calculations in the system.
For more specialized solutions can be created by the Central gateways and the gateways just. A Central gateway is an organization that allows users to invest money and take money out of the liquidity pool. Gateway is an organization that interacts with the Central gateway. Accepts and exchanges digital liabilities for other assets, such as securities.
TkeyNet globally reduces the number of different expenses and automates operational tasks, simplifies and reduces the cost of conducting monetary transactions, and improves traditional financial services.
We understand that it is not easy to tell all the principles of the TkeyNet system in a single publication, especially one that deals with neither one nor two issues. Therefore, you should consider this material as a basis, a base that will help you learn the information that is related to the TkeyNet Protocol most easily after the release of TkeyNet.
Moving a little away from corporate solutions, we suggest you recall some theses from our roadmap, which was published on the official website in the period from September 2018 to November 2019:
“The introduction of the exchanger in web wallets and the app will allow users to send money in one currency, and the recipient will receive it in another currency. For example, a user can buy Tkeycoin for dollars and exchange it for euros or Bitcoin or Ethereum at the current exchange rate.This functionality provides full control of funds through a single trusted and most secure source. Users no longer need to create multiple accounts on third-party resources to make an exchange into a particular currency.With the development of the network, it is possible to implement a multi-exchange that works on the principle of a payment bridge, when the user sends funds to Tkeycoin, and the recipient chooses the receiving currency, let’s say Litecoin, the funds are automatically converted” ©
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We wrote above that TKEY can in principle be used as a universal asset, acting as a digital obligation or an asset as an exchange. By the way, references to this were also published on the official website — tkeycoin.com. In simple words, using one of our web interfaces, you can access TKEYRUB or TKEYUSD or any other asset, such as TKEYGOLD.
TKEYUSD, TKEYRUB, and TKEYGOLD are symbols and can be called differently in the system, for example, TKUSD or GOLDTKEY, so now they should be considered as an example.

Why is TKEY a universal asset?

As before, you can easily and quickly send TKEY to any member of the network and TKEY will have liquidity on the exchange also, TKEY allows you to fast exchange for euros, dollars, or other currencies.
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For the interface, the applications will display functions of digital assets 1:1 to a particular currency, for example, TKEY to RUB, TKey to EUR, or TKEY to Dirhams or TKEY to the pound and vice versa, respectively.
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Therefore, as we said above, TKEY should not be regarded as a cryptocurrency, it is a universal unit inside the system TkeyNet, which may refer to transaction information as exchanges of obligations between banks and transaction TKEY -> TKEY between users, or to carry information about the exchange on the exchange or the exchange of digital assets or gold variations quite a lot, for most of the functions we describe in the release day TkeyNet.

What are the advantages for companies and developers?

First of all, we strive to open the doors for all platform participants. Only through synergy and cooperation can we accelerate the pace of development of the entire system and the introduction of new technologies in the market.
The platform will open doors for developers, who in turn can create technological solutions based on TkeyNet. A working environment will be created, and integration with the TkeyNet platform will be as easy as with the documented SDK or plug-ins. In the course of development, API documentation and ready-made SDKs for developers will be published.
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This will make it easy to use and implement TkeyNet technology in various types of applications, for example, you want to create fast exchanges, we provide you with a framework, back-end, and API, and you create a front-end and launch your service, get your Commission, and are an independent project in the market. An important point is that integration into the existing infrastructure takes place while maintaining the decentralization of the TkeyNet system so that all its internal and external operations remain confidential and verified at the same time.

What are the advantages for users?

This means getting a universal tool for working with financial markets and easily converting an asset into any other asset: euro, dollars, or gold.

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Also, TKEY owners should clearly understand that the more the system develops and there are more participants, namely the corporate segment, projects, and partners, the company will be more stable and thus the project assets will grow stronger.
The popularity of the platform and trust in it directly affects the price of assets, these are the key points of growth signs, the wider and more influential the spread of the company in various areas, the higher its performance in the market.

When will the long-awaited transition to TkeyNet take place?

What changes will be made to the products?

As you understand, everything will change, and this is for the better. At a minimum, products will become faster, lighter, safer, and more versatile.
Changes and new releases will be released as soon as they are ready. In TkeySpace, the TKEY libraries will be rewritten under TkeyNet. A web version of the wallet will appear, and eventually, an application with an exchange interface will be released for quick trading and exchange of various assets, not limited to digital ones. The Tkey Messenger will be adapted for TkeyNet and will be released for previously announced platforms: iOS, Android, Linux, macOS, Windows immediately with the ability to translate directly in the messenger. We will tell you about the messenger architecture on the release day.
All changes and releases will be published and announced after the release of TkeyNet.

What is radically new in TkeyNet?

There will be funds, the Protocol will become much more universal, as well as the TKEY itself. The Protocol will also exclude the possibility of attacks that could have been in Core 1.0, also, the principles of the platform will change. We will publish all technical specifications on the day of release.

Timeline for switching to TkeyNet

The transition to TkeyNet will not take place until August 2020. We will release news and instructions for switching to TkeyNet, so we recommend that you subscribe to the newsletter immediately: https://tkeycoin.com/en/newslette.

Listing on crypto exchanges

The liquidity of the TKEY asset is urgently needed for the development of the entire TkeyNet system, so the company will provide trading platforms for TKey trading and exchange.

Conclusion

The introduction of technologies using digital currencies will create the fastest transition of users and the corporate market to a new level.
FinTech direction makes it possible to manage finances in the most efficient and secure way, without violating the law. This system simplifies, reduces the cost of conducting monetary transactions, and actually improves traditional financial services.
The solution is interesting to everyone who works with money and is used to getting maximum efficiency from it: business, investors, traders, users of banking solutions, the corporate segment, etc. When using the system, large businesses get solutions for interacting with customers online, without using specialized points.
We, in turn, are open to various offers and cooperation on flexible terms. If you have any suggestions or interesting concepts, please contact us at [[email protected]](mailto:[email protected]).
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ArCoin from Arca: how the first tokenized US government bonds work

ArCoin from Arca: how the first tokenized US government bonds work

ArCoin from Arca: how the first tokenized US government bonds work
On July 6, digital asset manager Arca registered his private crypto fund Arca U.S. Treasury Fund at the US Securities and Exchange Commission (SEC). The fund invests most of its funds in short-term US bonds, while the fund’s shares are represented in the form of ArCoin Ethereum tokens of the new ERC1404 format, which fully comply with securities legislation.

Why SEC registration is important for Arca U.S. Treasury Fund.

Arca U.S. Treasury Fund is a closed-end hedge fund owned by the American digital asset management company Arca. It aims to combine the regulatory, legal and operational standards of the traditional financial sector with the efficiency of the blockchain. The company believes that actively managed hedge funds are the best way to address the volatility, immaturity, and rapidly changing nature of cryptocurrencies as an investment asset.
Registration with the SEC was not easy for the fund — Arca agreed on the form of its digital shares within 20 months. But now the fund’s securities comply with the 1940 Investment Companies Act, which regulates the work of investment funds, including those issuing their own securities.
For investors, SEC approval is an opportunity to receive guarantees from the traditional financial market: broker control by the regulator, independent audit and regular reporting, as well as the right to return their money in the event of a broker’s bankruptcy.
For an investment fund, registration with the SEC imposes obligations to provide information on the company’s financial position, investment policy and current operations, meet liquidity requirements, conduct an independent audit and transfer control over assets to an independent board of trustees. But this is what allowed Arca to release an institutional-grade product.

How Arca U.S. Treasury Fund works

Arca U.S. Treasury Fund invests 80% of its assets in short-term US Treasury bonds. The rest of the funds are invested in fixed income debt securities. As the fund plans to invest in low-risk assets, the ArCoin price is expected to be stable.
The fund operates just like any other fund holding US debt securities, but with the addition of blockchain to manage stocks. Investors do not invest their money directly in securities, but purchase shares of the fund — ArCoin tokens (ARCT). They were created by a special division of the company — Arca Labs. TokenSoft, a crypto startup that helps companies launch and sell tokens, has become a technical service provider.
ArCoin sets a new standard for Ethereum tokens — ERC1404. It is specifically designed to meet regulatory requirements. Unlike the universal ERC20 standard, ERC1404 is more strictly controlled: such a token can be frozen, and the addresses to which users can send it must also be predefined. This “whitelist” of permitted addresses allows the SEC to almost completely control and track their circulation and ensures that tokens are not transferred outside of regulatory oversight.
Each ArCoin grants the right to one share in the fund. The price of the coin is $1 with a minimum investment of $1000. A total of 100 million ArCoins will be available. Accrued interest is paid directly to ArCoin holders every quarter. You can buy shares directly through the website after passing the KYC / AML check. At the same time, investors can trade tokens with each other — the blockchain allows you to do without a broker.
The fund’s shares will not be available for trading on stock exchanges and for secondary trading on crypto exchanges. Notably, the prospectus filed with the SEC in April 2019 states that in the future, Arca coins “may be traded on a public decentralized or centralized electronic exchange platform that is registered with the SEC as an alternative trading system, although there is no guarantee that such systems or platforms will be available.” But, apparently, this situation did not suit the regulator, and in the latest version of the document it was changed.
The standard investor commission for fund management is 3.22%, but during the first year it will be reduced to 0.75%. Investors can keep ArCoin in their own wallets, but if the private keys from them are lost or compromised, the fund will replace the lost tokens with new ones. The digital assets are held in tokenized asset-oriented investment bank DTAC LLC, launched by TokenSoft last December.
ArCoin offers companies and investors several use cases and wide integration of the coin into the work of structures. Individuals can use ArCoin to hedge their cryptocurrency portfolio against volatility, and financial institutions and other companies can use ArCoin to clear, settle, pay and lend “more efficiently, less costly, faster and with the ability to directly track all transactions.”
The ability to pay for goods and services with tokens on US Treasury bonds is a revolutionary step that narrows the space between payment and investment funds.

Fight for a new trillion dollar market

US Treasuries, to which ArCoin is tied, are issued by the US Treasury Department and serve as a government debt financing instrument.
Traditionally, they have a credit rating equal to or close to the maximum AAA, and are considered one of the safest and most reliable assets in the world. This makes US Treasuries highly sought after by central banks, financial companies, and private investors around the world, as they act as a safe haven from volatility in stock and corporate bond markets in times of geopolitical or economic turmoil. The SEC cleared ArCoin linkage to US Treasuries makes the asset the safest and most regulated token on the market. This is a great choice in turbulent financial times.
The launch of Arca U.S. Treasury Fund is targeting one of Wall Street’s oldest outposts — investing in the US Treasury bond market.According to Brookings, its value is about $18 trillion. ArCoin is a modern alternative to existing methods of investing in Treasury securities (buying bonds from a broker or purchasing shares from an investment fund). Arca is clearly looking forward to the emergence and growth of a new market for fully regulated and SEC-approved digital shares in traditional assets. Moreover, their competitors are not other crypto funds, but traditional exchange-traded funds and ETFs.
The Arca team is made up of Wall Street veterans and knows what a product needs to be that will be successful. Blockchain aims to show investors that it simplifies, cheaper and speeds up the process compared to the traditional market. On the site, the Arca team describes ArCoin as a “blockchain-traded fund”, or BTF.
In comments to CoinDesk in February this year, CEO Ryan Steinberg said that Arca hopes to see large institutional investors as early buyers. It was for them that the company fought so long and hard to get registered with the SEC — it had to increase confidence in the products. “The answer to the question of why there are so few institutions in the crypto industry is simple: there are no institutional-grade products on the market,” Steinberg said, noting that ArCoin is just right for the needs of large investors.
“This is a huge leap forward in legitimizing securities on the blockchain.
Huge round of applause for the Arca team, great talent and domain expertise paired with great execution.” — TokenSoft CEO Mason Borda praised the Arca team.
However, the Arca team understands that success is not guaranteed. Treasury digital assets are a new and untested market. In its filing with the SEC, Arca recognizes the potential risks for investors. For example, digital asset markets may not have the liquidity that US Treasury investors currently enjoy in traditional markets. “The use of blockchain is relatively new and untested. Therefore, investors should initially expect greater price volatility in the secondary market than would be the case if the shares had greater liquidity, ”the application says. Other risks include congestion on the Ethereum network and “the possibility of breakdowns and trading stops as a result of undiscovered technological deficiencies.”

To the conclusion

SEC-registered crypto investment products are nothing new. Cryptocurrency investment fund Grayscale Investments, for example, is one of the largest bitcoin funds that is regularly audited by the SEC. But the point is, Arca offers its own cryptocurrency, not Bitcoin.
ArCoin is set to become just the first asset in the portfolio of SEC-approved financial products to be released by Arca. The increase in the number of such initiatives can convince the SEC that their launch does not carry enormous risks. For several years now, this regulator has refused to launch bitcoin ETFs, arguing this by the lack of a legal environment in the market, manipulation of asset prices, difficulties with liquidity, storage and arbitration, and non-compliance with the regulator’s rules. Now, amid the emergence of products such as ArCoin, the SEC may reconsider its opinion on Bitcoin ETFs.
The SEC approval for Arca has potentially opened the door to new and innovative blockchain-based financial products. Regulatory registration can be a challenge for many companies, but Arca has shown how to achieve it. The project has taken a pioneering and revolutionary step towards combining traditional finance with digital investments.
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submitted by Smart_Smell to Robopay [link] [comments]

10CFDS REVIEW

Overview:

The offshore broker 10CFDS is situated in Belize. It provides many trading instruments, consist of more than forty FX pairs and binary CFDs. The leverage is up to 1:200 and is provided on a web-based trading terminal. However, it's regulatory and license status is not at all promising. If any of you are willing to trade with it, make sure to read this 10CFDS review first.

About 10CFDS:

The broker 10CFDS provides all sorts of trading instruments. It involves forty-six FX pairs viz SD/HKD, USD/MXN, USD/CZK, USD/RUB, USD/SEK, USD/NOK, USD/SGD, USD/PLN, USD/ZAR, USD/TRY, and USD/DKK. It also provides CFDs on natural resources, the farm produces, twenty-four indexes, shares, and cryptocurrencies.
The leverage offered by this broker is 1:200. Many Markets Authority has decided to allow the maximum leverage of 1:30. The broker's offerings miss on the regulator’s directives. The payment can be made by cards, wire transfer, PaySafeCard, Neteller, Skrill, and Western Union. Unfortunately, the broker does not accept payment via bitcoins. To start trading with 10CFDS traders are required to deposit $250 only. This requirement is acceptable but several regulated brokers in the market accept very low initial deposits.
The SPEED SOLUTIONS Ltd is the owner of the 10CFDS trademark and is registered in Belize. The firm claims to be regulated by the local International Financial Services Commission. The client's payments are processed by the Estonian firm named SPEED PAYMENTS OU.
The IFSC does not require strict prerequisites to offer regulation. It also loosely oversees such brokers. Hence there is no guarantee for the safety of funds. All reputed regulators have banned controversial trading bonuses but the broker under consideration offers several bonuses. These bonuses are merged with uncontrolled trading practices such as the requirement of the specified trading volume. If these conditions are not fulfilled, the broker can cancel your trading account, locking invested funds.
Furthermore, the withdrawal process at 10CFDS may take up to 21 working days to be processed. This time frame is lengthy. Also, the withdrawal is charged with a 3.5% service fee, $ 1.5 is charged as a profit clearance fee, and an additional $ 20 is applicable as a monthly maintenance fee. A regulated broker does not have such practices. The provided spread of 3 pips can be seen on EURUSD FX pair while checking the web-based trading platform. This spread is high and attractive but it raises the cost of trading. For higher profit, tighter spreads are anticipated. The broker claims to offer to trade on the MT platform but in reality, it offers some web-based platform.

Is 10CFDS scam or legit?

The above discussion indicates several flaws of this broker. The regulation of this broker does not cover investment refunds. The broker is also offshore. We are convinced that the broker is hazardous to the trader's fund and can be a forex scam broker. Staying away from this broker is advised.
submitted by fraudbrokers to u/fraudbrokers [link] [comments]

A List of Sidehustle Ideas from SidehustleSchool.Com

Source: https://www.sidehustleschool.com/
[More ideas in the comments below too.]
...
  1. "Cheap Plane Tickets" Site Becomes Million-Dollar Hustle ...
  2. $10,000 Side Hustle Helps Musician Land Full-Time Job ...
  3. 13-Year-Old Australian Creates Schoolyard Lollipop Fortune ...
  4. 23-Year-Old College Student Uses “Sweatcoin” App to Earn ...
  5. 3D Printing Brings Cosplay Into 21st Century
  6. A Life of Travel Leads to a House-Designing Hustle
  7. A Packed Closet Leads to Secondhand Subscription Boxes ...
  8. Academic Advisor Creates Profitable Karaoke League
  9. Accidental Side Hustle Becomes Decorative Family Business ...
  10. Accountant Earns $233751 Reselling Items He Buys at Walmart
  11. Acrobatic Mom Jumps Through Hoops to Become High-flying ...
  12. Active “Type 1” Lifestyle Inspires Sticky, Successful Side Hustle
  13. Actress Becomes Organizational Director of Organization ...
  14. Aerospace Apprentice Soars to Seven-Figure Sales Heights ...
  15. Alcohol Fueled Idea Sells Over 1500 Shirts in Less Than a Year
  16. An Everyday Bag That Gives Back to Women in India
  17. Art Teacher Draws Her Way Into Ceramic Shop
  18. Artistic Cartographer Maps Out Successful Side Hustle
  19. Artistic Duo Sells 8000 T-Shirts in One Year
  20. Aussie Engineer Moves to Farm, Earns Passive Income
  21. Aussie Stretches Out with Online Store for Tall Women
  22. Aussie Student Starts Million-Dollar Bikini Biz
  23. Australian Hacker Creates Passive Income Anatomy Course ...
  24. Auto Employee Earns $100,000 Selling Stickers on Instagram ...
  25. Avid Travelers Turn Finding Deals Into Vacation Planning ...
  26. Bargain Hunter Designs One-of-a-Kind Flea Market
  27. Bartender Brews Up Brewpub Tour Biz
  28. Bass Player Starts BassLayerz Clothing Hustle
  29. Bean-Lover Grinds Way To $4,000/Month Family Coffee ...
  30. Bearded Man Grows $500 A Month Grooming Business
  31. Bearded Man from Finland Cashes In on Holiday Cheer
  32. Beekeepers Build Buzzing Backyard Business
  33. Birds of a Feather Flock to Your Bank Account
  34. Bitcoin YouTuber Earns Thousands in Affiliate Commissions ...
  35. Blogger Earns $140,000 from Beta Phase of Online Course ...
  36. Blogger Turns Leftover Cherries Into $5,000/Month Income ...
  37. Boy Scout Merit Badge Leads to Leatherworking Lifestyle ...
  38. Bring Your Own Cannabis to this “420-Friendly” Painting Class
  39. British Pub Manager Bakes Pork Pies for Profit
  40. Brooklyn Photographer Gets Paid to Throw Confetti at People ...
  41. Business Students Make $125,000 Selling Headphone ...
  42. Busy Marketing Professional Fills Niche with Biking Wine Tours
  43. CLASSROOM: Four Ways to Identify Moneymaking Ideas ...
  44. CLASSROOM: Goals, Agenda, and Your First Assignment ...
  45. Call Center Employee Uses Patreon to Fund LGBTQ Podcasts ...
  46. Canadian Moms Invent Baby Monitors for Active Toddlers ...
  47. Canadian Sports Enthusiast Earns $1,000/Month Selling ...
  48. Car Enthusiast Races Towards Reselling Success
  49. Cat Lover Creates Cat-tivating Portrait Series
  50. Catholic Designer Creates Stylish Apparel Line
  51. Childhood Game Master Earns $1 Million from Nerdy ...
  52. Coffee for Firefighters Brings the Heat!
  53. College Ministry Leader Starts Digital Agency
  54. Colorado Nutritionist Reworks Role to Get Paid Twice
  55. Comic Book Curator Creates Custom Crate Subscription ...
  56. Continuing Education Directory Earns Six Figures
  57. Copywriter Carves 140 Characters into $50,000 in Cash
  58. Corporate Employee Makes $350,000 Selling Mosquito ...
  59. Coupon Code Site Earns Copious Profits
  60. Crafter's Shop for Dreadlock Wearers Unlocks $3,500/Month ...
  61. Creative Illustrator Creates Creative Podcast for Creatives ...
  62. Curated Gift Boxes for Breakups and Baby Bumps
  63. Data Geek Charts Course From Analyst to Author
  64. Data Scientist Turns Teaching Frustrations Into Recurring ...
  65. Designer Earns Extra $5000/Month Posting Logos on Instagram
  66. Designer Illustrates Success with Personalized Wedding ...
  67. Designer Performs Magic, Turns Dream Into Reality
  68. Designer Turns Bad Parking Into $25,000 Per Year
  69. Detroit Women Make Jewelry for Profit and Social Good
  70. Digital Camera Blogger Snaps Into Passive Income
  71. Distracted Coach Creates Accountability Software
  72. Dog Stocking Hustle Earns Husky Payoff
  73. Dutch Personal Shopping Service for Kids Measures Up
  74. EXTENDED CUT #13: When to Let Go of Good Ideas
  75. EXTENDED CUT #14: Start a Service Business in Less Than ...
  76. EXTENDED CUT #5: How to Choose Between Multiple Ideas ...
  77. Electrical Engineer Becomes Romance Novel Cover Model ...
  78. Electrical Engineer Sells $800 Swarovski Crystal Bikinis
  79. Elementary School Teacher Pans for Gold in New Zealand ...
  80. Engineer Codes His Way To $3,700 Per Month
  81. Engineer Earns 7-Figures from “Crowd-Purchasing” Project ...
  82. Engineer Makes $64000 Selling Nerdy Playing Cards on Reddit
  83. Engineer Reprograms Herself, Finds Confidence to Start Over ...
  84. Enjoy an Ice Cold Beverage in a Mug Made from Ice
  85. Equine Lover Makes $5,000; Stables Business to Change ...
  86. Exercise App Encourages Fitness While Helping Sick Kids ...
  87. Farmer Makes “Tater Tats” for All Your Produce Tattoo Needs ...
  88. Fashion Buyer Creates Quirky Comfort Craze
  89. Father and Son Duo Produce Traveling Play
  90. Faux Taxidermy Turns Heads on Home Decor
  91. Fidget Spinner Cookie Sensation Leads to Sweet Profits
  92. Finance Guy Makes Bank With Swimsuit Line | Side Hustle ...
  93. Firefighter Uses Chainsaw for Jumbo-Sized Woodworking ...
  94. Flipping 101: The College Textbook Edition
  95. Florist & Sculpture Professor Make Presidential Lip Balm ...
  96. Foreign Correspondent Launches Career App
  97. Former NFL Player Sells Ice Shakers for $20000/Month Income
  98. Freelancer Starts New Hustle to Help Frustrated Clients
  99. Friends Foster Korean Face Mask Frenzy
  100. Friends Team Up to Deliver Compassionate Tech Support ...
  101. Friends Turn Gift Boxes into Prosperous Project
  102. Frustrated Mom Grows Hair Brush Hustle to Seven Figures ...
  103. Full-Time Mom Ships $35,000/Month in Frozen Bread on ...
  104. Gamer Levels Up Life With eBay Side Hustle
  105. German Funeral Urns Are Not a Dying Business
  106. Guitar Builder Carves Out Woodworking Moneymaker
  107. Guitar Teacher Sells Lessons on Craigslist and Makes $80/Hour
  108. Hair Salon Owner Designs Mittens for Cold Runners
  109. Hand Grippers Make for a $60,000-Strong Hustle
  110. Hand Lettering Artist Upgrades Cheesy Photo Booth Props ...
  111. Handkerchief Side Hustle Becomes Million-Dollar Blowout ...
  112. Harvard Med School Program Manager Gets Paid to Travel to ...
  113. Health Scare Inspires Adventurous Career Change
  114. High School Bootlegger Grows Up
  115. High School Teacher Spins His Way to Profits
  116. High School Teacher Turns Woodworking Hobby Into a 5 ...
  117. Honeymoon in Nepal Becomes Fashion Accessories Business
  118. Husband and Wife Team Pampers Their Way To Profit
  119. Insomniac Dreams Up Herbal Hustle
  120. Insult This! Witty Event Organizer Prepares You to Respond to ...
  121. Introvert Builds Networking Experience to Help Women
  122. Jailhouse Medic Turns House Calls Into Healthy Profits | Side ...
  123. Japanese Designer Folds Profitable Paper Wallets
  124. Jiu-Jitsu Instructor Pins Down Mobile Workout Tool
  125. Job Recruiter Helps LinkedIn Connections with Resumes ...
  126. Junk Removal Service Owner Earns $22,000 A Year From ...
  127. Kids' Books Prove To Be More Than Child's Play
  128. Kiwi Coder Makes Extra $50000/Year from Virtual Paintbrushes
  129. LA Graphic Designer Influences Influencers
  130. Lawyer Moonlights as Needle-Felt Children's Book Author ...
  131. Left-Handed Artist Creates Right-Brained Side Hustle
  132. Librarian Invents Eco-Friendly Dental Floss
  133. Lifelong Girl Scout Earns Her Side Hustle Badge (And $3,500 ...
  134. London Chocolate Tours Lead to Sweet Success
  135. London Clerk Hires Ghosts to Visit Boss, Earns Passive Income
  136. London Photographer Rents Camera Gear 1,100 Times
  137. Lost & Found: How Lost Property Helps a UK Woman Find Her ...
  138. Maine Couple Bootstraps Boutique Fitness Studio
  139. Make $4,000/Month Renting Out Cars You Don't Own
  140. Man Buys 100 Animal Skulls from Bali; Turns $10,000 Into ...
  141. Man Earns $100,000 Serving Clients on $5 Website
  142. Man Earns $85000 Promoting Mexican Avocados on Snapchat
  143. Marathon Runner Earns Full-Time Income Trying On Shoes ...
  144. Marketing Consultant Creates Private Retreats
  145. Marketing Professional Produces Giant Puppet Performances ...
  146. Marriage Inspires Theatre Captioning App & Service
  147. Mental Health Counselor By Day, Headband Artist by Night ...
  148. Millennial Invests Side Income For Passive Profits
  149. Mindful Moms Make $70,000 on Family Affirmation Cards ...
  150. Mindreading Performer Goes from Dorm Room to Paid ...
  151. Miniature Dollhouse Website Pays Full-Size Profits
  152. Mom Finds Love As Dating App Ghostwriter
  153. Money Grows on Moringa Trees
  154. Moonlighting Makeup Artist Earns Extra $25,000/Year | Side ...
  155. Movie Editor Turns 19th Century Art Into Full-Time Job
  156. Multiple-Use Plastics Take Big Bite for the Environment
  157. Museum Educator Improvises From Day Job to Side Hustle ...
  158. Music Graduate Makes Spare Change Filling Spare Rooms ...
  159. Musician Turns Drum Lessons Into Six-Figure Podcast
  160. NYC Banker Launches All-Natural, Drinkable Pickle Brine ...
  161. Nature-Loving Neighbors Create Kids Subscription Box
  162. Networking Success Is Served with a Side of Eggs
  163. New Jersey Blog Earns Six-Figure Income
  164. New Mom Recruits 3,000 Chinese Caregivers
  165. New Mom Uses Pinterest to Launch Parenting Blog
  166. New Mother Gives Life To Self-Care Coaching Business
  167. New Yorker Covers Up With Comfy Underwear Line
  168. No Guts, No Gory: The Hollywood Mom & Pop Prop Shop ...
  169. Nomad Family Cooks Up $40,000 Profit With Houseware ...
  170. Nomadic Designer Profits from Writing About Life in a Bag ...
  171. Oh Snap! Photography Site Turns Into Passive Income Hustle ...
  172. Oklahoman Spreads Light, Sells Candles, and Shares Profits ...
  173. On-the-Go Mouthwash Gets Mini-Makeover
  174. One Man's Trashed Mash is Another Man's Cash
  175. Operations Manager Manages to Make Heavy Furniture Light ...
  176. Organic Loungewear Becomes Sleeper Sensation
  177. Orthodontist Bites Off Solution to Teeth-Pulling Problem
  178. Outdoorsman Sees the Forest for the Trees, Finds Financial ...
  179. Outsource Date Night With This Sexy Side Hustle
  180. PE Teacher Makes $11,000 with Membership Site
  181. PE Teacher Resells Concert Tickets, Earns $12,000/Month ...
  182. Paralegal Takes Flight with Remote Work
  183. Paternal Twins Produce Passive Publishing Profits
  184. Pathetic Triathlete Creates $30,000 Facebook Group
  185. Pay Off Student Loans With Your Spare Change
  186. Philadelphia Foodie Toasts Competition with Sweet Treat ...
  187. Philadelphia Lover Maps Out $35,000/Year Side Hustle
  188. Photographer Visits 30 Countries, Leading Tours & Getting Paid
  189. Physical Therapist Sells 57,000 “Neck Hammocks”
  190. Physician Assistant Earns $12,000 In 10 Months Coaching ...
  191. Police Officer Funnels Frustration Into Six-Figure Hustle
  192. Policy Researcher Offers Private Tours of Nation's Capital ...
  193. Popular Instagram Account Becomes Fashionable Clothing ...
  194. Pottery Barn Commissions Art from Independent Photographer
  195. Proud Mainer Brings Whoopie Pies to the World
  196. Public Health Employee Earns Extra $2,000/Month with ...
  197. Published Author Adds Income Source; Makes Additional ...
  198. Put a Cap in It: Architect Makes the Write Choice; Starts Luxury ...
  199. Q&A: How can I inspire a “Must-Have-This” service?
  200. Q&A: How can I turn furniture repair into passive income ...
  201. Q&A: Is it still possible to profit from a blog?
  202. Q&A: What are your best tips for Etsy?
  203. Q&A: When should I start posting on social media?
  204. Rehearsal App for Actors Earns $500,000
  205. Resistance Is Futile! Brooklyn Fitness Fanatics Sell “No Days ...
  206. Role-Playing Pastor Rolls The Dice On $2800/Month Hustle ...
  207. Romance Novel Expert Teaches Proofreading for $2000/Month
  208. Sales Rep Seasons the Day with “Bad Spanish Tacos”
  209. Savvy Bride Turns Budget Wedding Into Six Figure Success ...
  210. Savvy Sleeper Pillowcases Produce Dreamy Profits for Tech ...
  211. Savvy Stationery Site Offers Cards for Divorce & Diwali
  212. Seattle Developer Takes Flight With Popular Travel Site
  213. Second Grade Teacher Earns Second Income
  214. Serial Business Builder Creates Digital Checklist Tool
  215. Should I hire a lawyer and get a patent?
  216. Side Hustle Turned Full-Time Job Disrupts Car Rental Industry ...
  217. Sisters Find Puppy Love After Launching Dating App
  218. Social Worker Bakes Cupcakes for The Walking Dead
  219. Software Engineer Scavenges For Profits
  220. South African Writer Launches Accidental Acting Career
  221. South Carolina Man Learns to Make Candles by Watching ...
  222. Speech Pathologist Sells Turkish Tea Towels By the Seashore ...
  223. Sports Writer Wins Big Gambling On His Own Book
  224. Squeaky Clean Couple Raise the Bar with Online Soap Sales ...
  225. Store Manager Makes Micro Gainz For Macro Profits
  226. Stressed-Out Mom Gives Up TV to Launch Her Hustle
  227. Student Bytes Into Lucrative Web Host Biz
  228. Student Gets Paid to Help People Rent Adventures
  229. Stylish Clothes Reseller Becomes Fashion Consultant
  230. Super Fan Scores Big in the Football Community
  231. Tailor-Made Teas Brew Steamy Steeped-In Profits
  232. Teacher Hustles to Pay Off $100,000 in Student Loans
  233. Tech Broker Moonlights as Luxury Lifestyle Artist
  234. Teenage Fitness Fan Jumpstarts Athletic Apparel Brand
  235. Tennessean Meets Nepalese Sherpa on Lyft Ride, Sells ...
  236. Texas Couple Turns Test Scores Into Treasure
  237. That's the Spot! Dog Lover's Hustle Becomes Fur-ever Biz ...
  238. The 10-Year Quest for Must-Have Mustard
  239. The Battle of the New Zealand SpeedCubers
  240. The Hero's Journal Helps You Make Progress Toward Your ...
  241. The Paleo Bagel: No Wheat, No Worries
  242. The Rise and Fall of BirdSupplies.com
  243. The Sisterhood of the Traveling Digital Nomads
  244. The Snuggle Is Real: Architect Moonlights by Selling Designer ...
  245. Think Like a Lawyer: An Underground School For Lifelong ...
  246. This Standing Desk Costs Just $37
  247. Toronto Startup Employee Bakes Custom Cakes
  248. Tote-ally Functional Bags for Women on the Go
  249. Trip to Europe Inspires Adventurous Blanket Biz
  250. Turn It Up to 11! Musical Mash-Ups Provide Passive Income ...
  251. Tuscan Vacation Inspires Leatherworking Hustle
  252. Twelve Months of Experiments Leads Coach to Clarity
  253. Two Women Create Swimwear Brand for D-Cups and Up ...
  254. Un-Tours Of Myanmar Offer Adventure and Unpredictability ...
  255. University Director Turns Draining Problem Into Profitable ...
  256. Vegan Food Lovers Sprout Plant-Based Festivals
  257. Vintage Clothing Shop Sells Retro Jeans for Modern Money ...
  258. WEEKLY RECAP: 3 Priorities to Keep You Focused
  259. WEEKLY RECAP: All the Things You Want to Do
  260. WEEKLY RECAP: Barking Up the Right Tree
  261. WEEKLY RECAP: Before Beginning, Prepare Carefully
  262. WEEKLY RECAP: Do You Have to Be Passionate About What ...
  263. WEEKLY RECAP: Does Your Idea Pass the Grandmother Test ...
  264. WEEKLY RECAP: Going from Hobby to Hustle
  265. WEEKLY RECAP: Government Shuts Down, Your Life ...
  266. WEEKLY RECAP: Health Coaches May Need to Be Certified ...
  267. WEEKLY RECAP: How to Design a Profitable Online Course ...
  268. WEEKLY RECAP: If You Ever Feel Insecure, Don't Miss This ...
  269. WEEKLY RECAP: Keeping Up With What Matters
  270. WEEKLY RECAP: Pay Attention to the Ideas In Your Head ...
  271. WEEKLY RECAP: Scavenger Hunts, Bow Ties, & Horses ...
  272. WEEKLY RECAP: The $0 Startup, Sign Hustles, and Ways to ...
  273. WEEKLY RECAP: The Conversion Problem
  274. WEEKLY RECAP: Tiny Houses, T-Shirts, and Romance Novels
  275. WEEKLY RECAP: Understand Your Ideal Working Conditions ...
  276. WEEKLY RECAP: What Prevents You From Making Progress ...
  277. WEEKLY RECAP: Why Do a Product Launch Only Twice a ...
  278. WEEKLY RECAP: Why You Should “Return Every Handshake ...
  279. Wedding App Founder Exchanges Vows for Coding Book Biz ...
  280. Wedding Bells Ring Brighter if the Bride's Not Broke
  281. Weekend “Book Registry” Site Earns Passive Income from ...
  282. Weekly Recap: All You Need Is Luck and a Million Dollars ...
  283. Weekly Recap: Don't Compete with Amazon
  284. Weekly Recap: Find a Community to Support Your Goals ...
  285. Weekly Recap: Food Trucks, YouTube Makeup, and Marijuana
  286. Weekly Recap: How to Identify Side Hustle Ideas in Your ...
  287. Weekly Recap: How to Stop Procrastinating (Really!)
  288. Weekly Recap: Making Time for What Matters
  289. Weekly Recap: Should You Ever Buy Someone Else's ...
  290. Weekly Recap: Starting a Coffee Delivery Service
  291. Weekly Recap: Starting and Ending a Seasonal Side Hustle ...
  292. Weekly Recap: Weekly Recap: Finding a “Hook” as a Dietitian ...
  293. Weekly Recap: What Kind of Profit Margin Should You Have ...
  294. Weekly Recap: Will People Pay for History Lessons?
  295. Weekly Recap: Winning the Side Hustle Lottery
  296. Weekly Recap: “This Time, It's Different”
  297. What's In the Box? Low-Carb, Low-Sugar Snacks
  298. When Fashion Flops, This Designer Follows a Shiny Object ...
  299. Yoga Enthusiast Stretches B-School Education Into Fair-Trade ...
  300. Yoga Teacher Cleans Up with Home Organizing Business ...
  301. Zombie Apocalypse Prevention Podcast Earns $200,000/Year ...
  302. “Bendy Straw” Idea Raises $1.8M on Kickstarter
  303. “Fun Guy” Becomes Spore-Adic Mushroom Farmer
  304. “Random Acts of Kindness” Project Earns Non-Random Cash ...
  305. “SwitchPod” Camera Tool Raises $415,748 on Kickstarter ...
  306. “Teachers Against Humanities” Card Deck Unites Educators ...
submitted by 1913intel to sidehustle [link] [comments]

I brought up Ripple and my parents recognised the name from Ellen, so I wrote them this email.

Ripple created a digital asset called XRP, the intention was to create an asset that could be transacted more efficiently than current global payment systems are able to do. XRP settles all payments in 4 seconds, for 0.00001 XRP (0.03c), and is far more energy efficient than the current system. XRP is transacted through the blockchain but is private and has a 0% error rate.
But none of that really matters. XRP just the asset, and like all assets, it holds value. Right now, the market value of 1 XRP is 0.2943c.
Let’s break down what the Company Ripple is doing.
Ripple has three major projects xVia, xCurrent and xRapid.
xCurrent is an end-to-end tracking and messaging system that allows banks to communicate in real-time. This is an automated process that ensures all payments are properly tracked and accounted for.
xRapid is the program that uses XRP, when banks want to send global payments xRapid sources liquidity from XRP in the first market (AUD) and then sells the XRP in the new market (USD). This lowers the cost of the transaction, increases the speed and reduces the risk of holding some currencies.
xVia, this software is what brings it all together. XVia acts like a plugin on chrome. All you have to do is install it. The Chrome interface is the same and you didn’t have to retrain or learn anything new, but you have the added functionality.
Today, Ripples’ Global Head of Strategic Accounts Marcus Treacher announced that Ripple has signed over 100 production contracts. Meaning that over 100 Banks/finical institutions are or will use Ripple technology. Some customers include MUFG, Santander, Westpac & American Express.
Earlier this year Ripples CTO left and founded Coil. Coil pays content creators like Youtubers, Authors and Bloggers for the time people spend viewing the content. Right now, it is hard to for independent content creators to earn an income from their work, but coil solves this. Coil uses XRP to pay content creators as regular payment solutions would make it uneconomical.
The programs that use XRP (xRapid and Coil) haven’t been launched yet but are expected to later this year Q3 – Q4.
On October 1st, 2018 Ripple is hosting an event called Swell and it “brings together leaders in banking and blockchain who are committed to changing the way the world moves money today”.
Swell is going to be MASSIVE.
Here are some of the key speakers at Swell (an event run by, and about Ripple)
• President Bill Clinton
• Gene Sperling
· National Economic Council Director and National Economic Advisor
· (1996-2001, 2011-2014
• Ed Metzger
· Head of Innovation at Banco Santander
§  Banco Santander is the ninth-largest financial service company
• Richard Teng
• CEO of Abu Dhabi Global Markets
Those are just the people speaking the event is going to be packed with the world’s wealthiest and influential people in the financial sector.
So why do I care about this?
The price of XRP like most assets is determined by demand. When more people want it, the price goes up. During the last Cryptocurrency explosion, Ripple reached above $3 per XRP if someone had bought 1000 XRP for $300 they would have made a profit of around $2700.
$2700 is a lot of money but why didn’t it go higher?
Here are 3 reasons
Reason 1: There wasn’t enough liquidity in the market. There simply weren’t enough platforms that allowed users to buy and sell. Brokers had to close registrations because they couldn’t handle the capacity.
Since January 2018 dozens of trading platforms and wallets have been launched. (capital is not investing like that into collapsing markets)
Reason 2: The price of XRP has been/is tied to the price of Bitcoin. This is because Bitcoin has a 54% dominance over other cryptocurrencies. Meaning the market value of Bitcoin is 54% higher than the rest of the market combined. Therefore, when the sentiment of Bitcoin falls, and people sell (decreasing demand) the demand for XRP also falls.
XRP is no longer ‘just another cryptocurrency’. This kind of innovation and implementation is unlike anything else in the space. XRP is about to completely blow up in value and it’s only a matter of time.
Reason 3: There wasn’t a strong proof of concept. The technology was their but no one new how it was going to be used or what to do with it. People wanted to buy XRP for the value, but there was no value without utilisation of the coin.
This is solved with the development of xRapid and Coil.
I wouldn’t give you investment advice because nothing is a guarantee and the price of XRP could go to 0 but if you want to know anything more about it or want help investing let me know. It’s impossible to predict how high the price of XRP is going to go but predictions range anywhere from $8 to $589 but most point to a ~$50 price.
If you invested $100 and the price went to
• $8 ~ $2600
• $50 ~ $16 600
• $580 ~ $193 300
If you invest $500 and the price went to
• $8 ~ $13 300
• $50 ~ $83 300
• $580 ~ $966 600
Would this be good to send to my parents? They know about Ripple from the appearance on Ellen so I decided to follow up and educated them on it. How many of you are trying to spread the word?
Edit:
  1. Ripple didn’t make XRP... that’s embarrassing. It’s strange how much of the XRP community believes that they did.
  2. Price predictions are dumb
submitted by MoonLandingHoax to Ripple [link] [comments]

Predictions for 2020

Predictions: 2020
The USMC will adopt Lululemon PT uniforms.
The new trend in flash mob performances will be speed metal rock and mosh pits.
“Duck face” will be required on all passport photos.
Amtrak will open new lines and reinvent itself using popular themes. All northern lines will Polar Express trains. All southern routes will be Chattanooga Choo-Choo trains. All West Coast trains will be called Orient Express. And all other lines will be called Thomas the Tank Engine routes and will include animatronic faces on the fronts of all trains that can answer passenger questions. “This is the reality of operating in Fantasyland today,” will say the Director of the Amtrak Board.

UsToo, #ThemToo and #YouToo will be the new viral social media phenomena.

TRUMP will open on Broadway.
Taylor Swift will be named Democratic Party candidate for POTUS.
Armed teachers will proliferate in rural counties and school districts across the US. So will tactical shooting schools and courses, for teachers and students. Many school districts will open and manage their own shooting ranges. Shooting teams, rifle, pistol and shotgun, precision and tactical, will become the hot new sports in rural schools.
Personal bubbles will become hot new products and services. They will sell by the millions. These will be actual bubbles that people wear when they leave the sanctuary of their homes. They will come in various sizes, colors, and several ballistic and acoustic ratings. They will offer defense not only from bullets and knives, but also from antagonistic ideas, annoying co-workers, troubling truths and mean parents.
Fortnite will unveil a “permanent residence” option, including sustenance, hygiene and employment options, allowing for users to never have to leave the game.
Robots will replace nurses in nursing homes. A majority of residents will claim the robots are better than their “biofamilies.”
The American Baptist Association will re-issue warnings to all faithful to be careful during sex, lest dancing spontaneously happen.
LeBron James will hold a press conference and ask all NBA fans, “How the hell did I become the old man of basketball?” To which Michael Jordan will tweet, “Dude…”
Trump will announce that each US citizen will be issued a firearm of their choice, any make, caliber or model, but with the stipulation that participants must prove that they do not already own any firearms. “We’re not adding to anyone’s collection,” Trump will say at a White House press conference. “We just need more good guys and good gals out there with the tools to engage the bad guys.” “Oh, fuck me,” most law enforcement officers will say to each other.
Tactical body armor with roll over the fashion industry like a ceramic plate typhoon.
Pete Buttigieg and Tulsi Gabbard will be seen leaving a hotel room early one morning after a Democratic Party debate, leading to all sorts of media questions and speculations, and to calls by the Gay and Lesbian Legitimacy Board for investigations.
The American Psychiatric Association will announce that anxiety is actually a treatment for depression.
A report from the Coalition of Conservative Scientists will claim that all existing species of animals, and also some plants, engage in rape, and so did the dinosaurs, and thus it is part of the natural order. “So, get over it.”
Scientific American, Science News and National Geographic will all publish editorials, in response, claiming that the same can be said of homosexual behavior, documented in hundreds of other animals species, in nature. “So, you first.”
Greenland will become the new Florida.
Florida will become the new Atlantis.
Gondoleer will become a hot new job opportunity in Miami, New Orleans and New York.
The entire Sackler family will have their last name legally changed to Gonzalez.
India will announce a new campaign to reform Jammu and Kashmir into the “Indian Switzerland,” complete with quaint mountain villages, lots of ski resorts and hundreds of new mountain gondolas and aerial trams. Prime Minister Modi will announce contests to select a new cheese, new beer and Hindu mountain lederhausen to support the new Jammu and Kashmir brand.
The first SETI signal will be received from aliens claiming that they have Jeffrey Epstein and that they would like to return him. But, they still want to hang onto Elvis for a while longer, if that is OK.
Boeing’s stock will rebound and surge after they rebrand the 737 Max to the 737 Maxine.
Greta Thunberg will appear in the next X-Men movie as ClimaRage and will beat down Magneto with guilt and shame.
Joe Biden will be diagnosed with Alzheimer’s, but will not pull out of the race. “Does it even matter anymore?” he will say at the press conference announcing the diagnosis.
Hong Kong will go dark and become the worlds largest abandoned mall.
Disney will announce its purchase of the Notre Dame Cathedral. The entertainment behemoth will claim that only it has the resources to successfully complete the renovation of the fire-damaged landmark, and the culture to maintain French history and tradition. Tours of the site will begin soon after and will be led by Snow White and Mickey Mouse.
Disney will also announce that it has purchased Stonehenge, the Pyramids, Machu Picchu and the Great Wall of China, and that all these new properties will be anchors for new entertainment megahubs. Disney spokespeople will claim that only Disney has the resources to maintain these historical and cultural marvels, and at the same time better leverage their tourism revenue potentials. And they also have animated feature length movies for each site, coincidentally.
A Religious Liberty bill will be signed into law reassigning all non-Christians to their new Christian denominations. Buddhists will become Baptists. Muslims will become Methodists. The Hindus will become Congregationalists. Mormons will become Presbyterians. “What about us?” the Unitarians will ask in a barely heard voice, to which the official response will be, “Go talk to the Catholics. Maybe they want you.”
Pay day loans, reverse mortgages and high frequency trading will be recognized by the SEC, FTC and Justice Department as key corruptions and cancers to capitalism. Nonetheless, they will spread and proliferate like weeds. New types and styles of snake oils and shell games will join them in the disfigurement of capitalism.
A growing number and majority of stores, restaurants and businesses in general will no longer accept cash, preferring credit cards and digital currency. Most panhandlers, prostitutes and drug dealers will also stop accepting cash and will instead require PayPal, Venmo or Bitcoin.
Surveillance will become ubiquitous as all devices in our lives - phones, doorbells, coffeemakers, tablets, speakers, watches, TVs, thermostats, crockpots, electrical plugs, litter boxes, remote controls, dog collars, security systems, vibrators, cars, weapons, (the list is growing) etc. - will harvest data about our lives and behaviors and feed that data to “data brokers” who analyze and sell that to other corporations. In response to this growing threat, personal data security companies will emerge that will require customers to register their personal data with them and will promise to protect that data. People will fall for this.
Online social influencer and personal data broker will become top paying jobs.
The first inter-species hybrid human will come to light in a gene-splicing lab somewhere in China. It will be either a pigboy or a monkeygirl. Scientific and medical authorities around the world will express their outrage. Meanwhile, millions will clamor to place orders for puppyboys and kittygirls.
The U.S. Department of Defense will officially begin planning strategies to weaponize the Internet. PornhubDoD.mil will be announced as the “nuclear option.”
The Republican and Democratic parties will assume new nicknames, the Hatfields and McCoys. “Oh, puh-lease,” will say 89-year-old Dolly Hatfield, granddaughter of “Devil” Anse Hatfield, of Possum Holler, Kentucky, to reporters from her nursing home, “we was never as bad as all them DC politicians. They’re downright crazy. We was just a mite pissed off.”
Dating apps will go the way of porn magazines as mating algorithms begin populating our phones and browsers with photos of candidates in our lane, based on various demographic variables. Amazon and Google will provide online weddings, will even provide avatars to act as bridesmaid and best-man.
Digisex will trend as the new safe alternative to physical sex.
The $15.5 trillion US corporate debt bubble, 74% of US GDP, will burst, throwing the US into economic chaos. Celebrations, by those who have dreamed of the event, will be short-lived when it is realized that no one’s phones work.
Nancy Pelosi and Bill Maher will be the first residents to check in at a luxurious new reeducation camp outside of Fairbanks. The string of new American Gulags with be a booming new industry and will provide many jobs for patriotic Alaskans.
Many US churches will begin installing security checkpoints, gun emplacements and sniper overwatch.
Many schools will implement TCPs, Traffic Control Points, manned by armed security personnel, except at rural schools, where TCPs will be manned by armed teachers and parents, and in some districts, students.
The PSC, Private Security Corporation, industry will surge and boom like a high school band at halftime at a Friday night football game.
High school bands will begin wearing tactical body armor at Friday night halftimes.
Hillary Clinton will finally reveal the location of Jimmy Hoffa’s body. “I told her not to do it!” Bill will say at her trial.
Trump will get reelected and will immediately sign an executive order establishing The Department of Truth, whose mandate will be to officially and legally determine which facts are truths and which are lies. Using the term “alternative facts” will become illegal.
The Democratic Party candidates for president will switch from debates to playing concerts as a band, during which each gets a solo spotlight, during which they have 5 minutes to play their instrument and riff on politics. Squabbles over who plays lead guitar and the drums will follow the band throughout their tour. Buttigieg will never stop complaining about having to play the flute.
A startup company will release a new product called the Emonilometer, which will measure a person’s emotional and spiritual depth and flow. Various plans ands price points will be available. Sales will soar as customers catch on that the more you pay the deeper your flow. (Note: A “nilometer” is used to measure river depth and flow, was first used by the ancient Egyptians.)
Multiple sources within the White House will claim that Trump’s favorite new phrase is “It’s good to be the king.” Sources close to Mel Brooks will claim that his favorite new phrase is, “Oy vey.”
A new extinct human species will be discovered. Homo idioticus will answer a lot of burning questions regarding the human tree of evolution, and the current state of humanity.
The collapse of the dairy industry, due to unmanageable costs and ratios, will lead scientists and farmer to look for other sources of milk, beyond almond and oat. New options will include shark milk, beetle milk, flamingo milk and even spider milk, for which demand will quickly out-strip supplies, due to consumers hoping for spider super powers.
A joint Chinese-Israeli-SpaceX project will start building a lunar station on the moon. The station will be focused on research and mining, but also will offer “Do It On the Moon” romantic get-away packages for couples.
The Labor Secretary will quip during a press conference that “retirement is for pussies.”
US Space Command will begin selecting and training its first class of Space Rangers.
LSD and psilocybin will be the new cure-all super-drugs, for everything from depression, addiction and dementia. Doctors and pharmacists will take to referring to these as Timothy Leary treatments. Members of the Leary family will demand a cut of the action.
Coach Orgeron and LSU will replace Saban and Alabama as the defining college football program, and will set new standards in 2020 when LSU becomes the first to sign a QB right out of middle school. Other schools will soon follow.
Elizabeth Warren and Bernie Sanders will make a soft porn short film together in an attempt to connect with American voters.
Copyright Jeff Forker 2020
submitted by jaforker to satire [link] [comments]

Beginner’s Guide to BitMEX

Beginner’s Guide to BitMEX

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Founded by HDR Global Trading Limited (which in turn was founded by former bankers Arthur Hayes, Samuel Reed and Ben Delo) in 2014, BitMEX is a trading platform operating around the world and registered in the Seychelles.
Meaning Bitcoin Mercantile Exchange, BitMEX is one of the largest Bitcoin trading platforms currently operating, with a daily trading volume of over 35,000 BTC and over 540,000 accesses monthly and a trading history of over $34 billion worth of Bitcoin since its inception.

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Unlike many other trading exchanges, BitMEX only accepts deposits through Bitcoin, which can then be used to purchase a variety of other cryptocurrencies. BitMEX specialises in sophisticated financial operations such as margin trading, which is trading with leverage. Like many of the exchanges that operate through cryptocurrencies, BitMEX is currently unregulated in any jurisdiction.
Visit BitMEX

How to Sign Up to BitMEX

In order to create an account on BitMEX, users first have to register with the website. Registration only requires an email address, the email address must be a genuine address as users will receive an email to confirm registration in order to verify the account. Once users are registered, there are no trading limits. Traders must be at least 18 years of age to sign up.
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However, it should be noted that BitMEX does not accept any US-based traders and will use IP checks to verify that users are not in the US. While some US users have bypassed this with the use of a VPN, it is not recommended that US individuals sign up to the BitMEX service, especially given the fact that alternative exchanges are available to service US customers that function within the US legal framework.
How to Use BitMEX
BitMEX allows users to trade cryptocurrencies against a number of fiat currencies, namely the US Dollar, the Japanese Yen and the Chinese Yuan. BitMEX allows users to trade a number of different cryptocurrencies, namely Bitcoin, Bitcoin Cash, Dash, Ethereum, Ethereum Classic, Litecoin, Monero, Ripple, Tezos and Zcash.
The trading platform on BitMEX is very intuitive and easy to use for those familiar with similar markets. However, it is not for the beginner. The interface does look a little dated when compared to newer exchanges like Binance and Kucoin’s.
Once users have signed up to the platform, they should click on Trade, and all the trading instruments will be displayed beneath.
Clicking on the particular instrument opens the orderbook, recent trades, and the order slip on the left. The order book shows three columns – the bid value for the underlying asset, the quantity of the order, and the total USD value of all orders, both short and long.
The widgets on the trading platform can be changed according to the user’s viewing preferences, allowing users to have full control on what is displayed. It also has a built in feature that provides for TradingView charting. This offers a wide range of charting tool and is considered to be an improvement on many of the offering available from many of its competitors.
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Once trades are made, all orders can be easily viewed in the trading platform interface. There are tabs where users can select their Active Orders, see the Stops that are in place, check the Orders Filled (total or partially) and the trade history. On the Active Orders and Stops tabs, traders can cancel any order, by clicking the “Cancel” button. Users also see all currently open positions, with an analysis if it is in the black or red.
BitMEX uses a method called auto-deleveraging which BitMEX uses to ensure that liquidated positions are able to be closed even in a volatile market. Auto-deleveraging means that if a position bankrupts without available liquidity, the positive side of the position deleverages, in order of profitability and leverage, the highest leveraged position first in queue. Traders are always shown where they sit in the auto-deleveraging queue, if such is needed.
Although the BitMEX platform is optimized for mobile, it only has an Android app (which is not official). There is no iOS app available at present. However, it is recommended that users use it on the desktop if possible.
BitMEX offers a variety of order types for users:
  • Limit Order (the order is fulfilled if the given price is achieved);
  • Market Order (the order is executed at current market price);
  • Stop Limit Order (like a stop order, but allows users to set the price of the Order once the Stop Price is triggered);
  • Stop Market Order (this is a stop order that does not enter the order book, remain unseen until the market reaches the trigger);
  • Trailing Stop Order (it is similar to a Stop Market order, but here users set a trailing value that is used to place the market order);
  • Take Profit Limit Order (this can be used, similarly to a Stop Order, to set a target price on a position. In this case, it is in respect of making gains, rather than cutting losses);
  • Take Profit Market Order (same as the previous type, but in this case, the order triggered will be a market order, and not a limit one)
The exchange offers margin trading in all of the cryptocurrencies displayed on the website. It also offers to trade with futures and derivatives – swaps.

Futures and Swaps

A futures contract is an agreement to buy or sell a given asset in the future at a predetermined price. On BitMEX, users can leverage up to 100x on certain contracts.
Perpetual swaps are similar to futures, except that there is no expiry date for them and no settlement. Additionally, they trade close to the underlying reference Index Price, unlike futures, which may diverge substantially from the Index Price.
BitMEX also offers Binary series contracts, which are prediction-based contracts which can only settle at either 0 or 100. In essence, the Binary series contracts are a more complicated way of making a bet on a given event.
The only Binary series betting instrument currently available is related to the next 1mb block on the Bitcoin blockchain. Binary series contracts are traded with no leverage, a 0% maker fee, a 0.25% taker fee and 0.25% settlement fee.

Bitmex Leverage

BitMEX allows its traders to leverage their position on the platform. Leverage is the ability to place orders that are bigger than the users’ existing balance. This could lead to a higher profit in comparison when placing an order with only the wallet balance. Trading in such conditions is called “Margin Trading.”
There are two types of Margin Trading: Isolated and Cross-Margin. The former allows the user to select the amount of money in their wallet that should be used to hold their position after an order is placed. However, the latter provides that all of the money in the users’ wallet can be used to hold their position, and therefore should be treated with extreme caution.
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The BitMEX platform allows users to set their leverage level by using the leverage slider. A maximum leverage of 1:100 is available (on Bitcoin and Bitcoin Cash). This is quite a high level of leverage for cryptocurrencies, with the average offered by other exchanges rarely exceeding 1:20.

BitMEX Fees

For traditional futures trading, BitMEX has a straightforward fee schedule. As noted, in terms of leverage offered, BitMEX offers up to 100% leverage, with the amount off leverage varying from product to product.
However, it should be noted that trading at the highest leverages is sophisticated and is intended for professional investors that are familiar with speculative trading. The fees and leverage are as follows:
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However, there are additional fees for hidden / iceberg orders. A hidden order pays the taker fee until the entire hidden quantity is completely executed. Then, the order will become normal, and the user will receive the maker rebate for the non-hidden amount.

Deposits and Withdrawals

BitMEX does not charge fees on deposits or withdrawals. However, when withdrawing Bitcoin, the minimum Network fee is based on blockchain load. The only costs therefore are those of the banks or the cryptocurrency networks.
As noted previously, BitMEX only accepts deposits in Bitcoin and therefore Bitcoin serves as collateral on trading contracts, regardless of whether or not the trade involves Bitcoin.
The minimum deposit is 0.001 BTC. There are no limits on withdrawals, but withdrawals can also be in Bitcoin only. To make a withdrawal, all that users need to do is insert the amount to withdraw and the wallet address to complete the transfer.
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Deposits can be made 24/7 but withdrawals are processed by hand at a recurring time once per day. The hand processed withdrawals are intended to increase the security levels of users’ funds by providing extra time (and email notice) to cancel any fraudulent withdrawal requests, as well as bypassing the use of automated systems & hot wallets which may be more prone to compromise.

Supported Currencies

BitMEX operates as a crypto to crypto exchange and makes use of a Bitcoin-in/Bitcoin-out structure. Therefore, platform users are currently unable to use fiat currencies for any payments or transfers, however, a plus side of this is that there are no limits for trading and the exchange incorporates trading pairs linked to the US Dollar (XBT), Japanese Yen (XBJ), and Chinese Yuan (XBC).
BitMEX supports the following cryptocurrencies:
  • Bitcoin (XBT)
  • Bitcoin Cash (BCH)
  • Ethereum (ETH)
  • Ethereum Classic (ETC)
  • Litecoin (LTC)
  • Ripple Token (XRP)
  • Monero (XMR)
  • Dash (DASH)
  • Zcash (ZEC)
  • Cardano (ADA)
  • Tron (TRX)
  • EOS Token (EOS)
BitMEX also offers leverage options on the following coins:
  • 5x: Zcash (ZEC)
  • 20x : Ripple (XRP),Bitcoin Cash (BCH), Cardano (ADA), EOS Token (EOS), Tron (TRX)
  • 25x: Monero (XMR)
  • 33x: Litecoin (LTC)
  • 50x: Ethereum (ETH)
  • 100x: Bitcoin (XBT), Bitcoin / Yen (XBJ), Bitcoin / Yuan (XBC)

Trading Technologies International Partnership

HDR Global Trading, the company which owns BitMEX, has recently announced a partnership with Trading Technologies International, Inc. (TT), a leading international high-performance trading software provider.
The TT platform is designed specifically for professional traders, brokers, and market-access providers, and incorporates a wide variety of trading tools and analytical indicators that allow even the most advanced traders to customize the software to suit their unique trading styles. The TT platform also provides traders with global market access and trade execution through its privately managed infrastructure and the partnership will see BitMEX users gaining access to the trading tools on all BitMEX products, including the popular XBT/USD Perpetual Swap pairing.
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The BitMEX Insurance Fund

The ability to trade on leverage is one of the exchange’s main selling points and offering leverage and providing the opportunity for traders to trade against each other may result in a situation where the winners do not receive all of their expected profits. As a result of the amounts of leverage involved, it’s possible that the losers may not have enough margin in their positions to pay the winners.
Traditional exchanges like the Chicago Mercantile Exchange (CME) offset this problem by utilizing multiple layers of protection and cryptocurrency trading platforms offering leverage cannot currently match the levels of protection provided to winning traders.
In addition, cryptocurrency exchanges offering leveraged trades propose a capped downside and unlimited upside on a highly volatile asset with the caveat being that on occasion, there may not be enough funds in the system to pay out the winners.
To help solve this problem, BitMEX has developed an insurance fund system, and when a trader has an open leveraged position, their position is forcefully closed or liquidated when their maintenance margin is too low.
Here, a trader’s profit and loss does not reflect the actual price their position was closed on the market, and with BitMEX when a trader is liquidated, their equity associated with the position drops down to zero.
In the following example, the trader has taken a 100x long position. In the event that the mark price of Bitcoin falls to $3,980 (by 0.5%), then the position gets liquidated with the 100 Bitcoin position needing to be sold on the market.
This means that it does not matter what price this trade executes at, namely if it’s $3,995 or $3,000, as from the view of the liquidated trader, regardless of the price, they lose all the equity they had in their position, and lose the entire one Bitcoin.
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Assuming there is a fully liquid market, the bid/ask spread should be tighter than the maintenance margin. Here, liquidations manifest as contributions to the insurance fund (e.g. if the maintenance margin is 50bps, but the market is 1bp wide), and the insurance fund should rise by close to the same amount as the maintenance margin when a position is liquidated. In this scenario, as long as healthy liquid markets persist, the insurance fund should continue its steady growth.
The following graphs further illustrate the example, and in the first chart, market conditions are healthy with a narrow bid/ask spread (just $2) at the time of liquidation. Here, the closing trade occurs at a higher price than the bankruptcy price (the price where the margin balance is zero) and the insurance fund benefits.
Illustrative example of an insurance contribution – Long 100x with 1 BTC collateral
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(Note: The above illustration is based on opening a 100x long position at $4,000 per BTC and 1 Bitcoin of collateral. The illustration is an oversimplification and ignores factors such as fees and other adjustments.
The bid and offer prices represent the state of the order book at the time of liquidation. The closing trade price is $3,978, representing $1 of slippage compared to the $3,979 bid price at the time of liquidation.)
The second chart shows a wide bid/ask spread at the time of liquidation, here, the closing trade takes place at a lower price than the bankruptcy price, and the insurance fund is used to make sure that winning traders receive their expected profits.
This works to stabilize the potential for returns as there is no guarantee that healthy market conditions can continue, especially during periods of heightened price volatility. During these periods, it’s actually possible that the insurance fund can be used up than it is built up.
Illustrative example of an insurance depletion – Long 100x with 1 BTC collateral
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(Notes: The above illustration is based on opening a 100x long position at $4,000 per BTC and 1 Bitcoin of collateral. The illustration is an oversimplification and ignores factors such as fees and other adjustments.
The bid and offer prices represent the state of the order book at the time of liquidation. The closing trade price is $3,800, representing $20 of slippage compared to the $3,820 bid price at the time of liquidation.)
The exchange declared in February 2019, that the BitMEX insurance fund retained close to 21,000 Bitcoin (around $70 million based on Bitcoin spot prices at the time).
This figure represents just 0.007% of BitMEX’s notional annual trading volume, which has been quoted as being approximately $1 trillion. This is higher than the insurance funds as a proportion of trading volume of the CME, and therefore, winning traders on BitMEX are exposed to much larger risks than CME traders as:
  • BitMEX does not have clearing members with large balance sheets and traders are directly exposed to each other.
  • BitMEX does not demand payments from traders with negative account balances.
  • The underlying instruments on BitMEX are more volatile than the more traditional instruments available on CME.
Therefore, with the insurance fund remaining capitalized, the system effectively with participants who get liquidated paying for liquidations, or a losers pay for losers mechanism.
This system may appear controversial as first, though some may argue that there is a degree of uniformity to it. It’s also worth noting that the exchange also makes use of Auto Deleveraging which means that on occasion, leveraged positions in profit can still be reduced during certain time periods if a liquidated order cannot be executed in the market.
More adventurous traders should note that while the insurance fund holds 21,000 Bitcoin, worth approximately 0.1% of the total Bitcoin supply, BitMEX still doesn’t offer the same level of guarantees to winning traders that are provided by more traditional leveraged trading platforms.
Given the inherent volatility of the cryptocurrency market, there remains some possibility that the fund gets drained down to zero despite its current size. This may result in more successful traders lacking confidence in the platform and choosing to limit their exposure in the event of BitMEX being unable to compensate winning traders.

How suitable is BitMEX for Beginners?

BitMEX generates high Bitcoin trading levels, and also attracts good levels of volume across other crypto-to-crypto transfers. This helps to maintain a buzz around the exchange, and BitMEX also employs relatively low trading fees, and is available round the world (except to US inhabitants).
This helps to attract the attention of people new to the process of trading on leverage and when getting started on the platform there are 5 main navigation Tabs to get used to:
  • **Trade:**The trading dashboard of BitMEX. This tab allows you to select your preferred trading instrument, and choose leverage, as well as place and cancel orders. You can also see your position information and view key information in the contract details.
  • **Account:**Here, all your account information is displayed including available Bitcoin margin balances, deposits and withdrawals, and trade history.
  • **Contracts:**This tab covers further instrument information including funding history, contract sizes; leverage offered expiry, underlying reference Price Index data, and other key features.
  • **References:**This resource centre allows you to learn about futures, perpetual contracts, position marking, and liquidation.
  • **API:**From here you can set up an API connection with BitMEX, and utilize the REST API and WebSocket API.
BitMEX also employs 24/7 customer support and the team can also be contacted on their Twitter and Reddit accounts.
In addition, BitMEX provides a variety of educational resources including an FAQ section, Futures guides, Perpetual Contracts guides, and further resources in the “References” account tab.
For users looking for more in depth analysis, the BitMEX blog produces high level descriptions of a number of subjects and has garnered a good reputation among the cryptocurrency community.
Most importantly, the exchange also maintains a testnet platform, built on top of testnet Bitcoin, which allows anyone to try out programs and strategies before moving on to the live exchange.
This is crucial as despite the wealth of resources available, BitMEX is not really suitable for beginners, and margin trading, futures contracts and swaps are best left to experienced, professional or institutional traders.
Margin trading and choosing to engage in leveraged activity are risky processes and even more advanced traders can describe the process as a high risk and high reward “game”. New entrants to the sector should spend a considerable amount of time learning about margin trading and testing out strategies before considering whether to open a live account.

Is BitMEX Safe?

BitMEX is widely considered to have strong levels of security. The platform uses multi-signature deposits and withdrawal schemes which can only be used by BitMEX partners. BitMEX also utilises Amazon Web Services to protect the servers with text messages and two-factor authentication, as well as hardware tokens.
BitMEX also has a system for risk checks, which requires that the sum of all account holdings on the website must be zero. If it’s not, all trading is immediately halted. As noted previously, withdrawals are all individually hand-checked by employees, and private keys are never stored in the cloud. Deposit addresses are externally verified to make sure that they contain matching keys. If they do not, there is an immediate system shutdown.
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In addition, the BitMEX trading platform is written in kdb+, a database and toolset popular amongst major banks in high frequency trading applications. The BitMEX engine appears to be faster and more reliable than some of its competitors, such as Poloniex and Bittrex.
They have email notifications, and PGP encryption is used for all communication.
The exchange hasn’t been hacked in the past.

How Secure is the platform?

As previously mentioned, BitMEX is considered to be a safe exchange and incorporates a number of security protocols that are becoming standard among the sector’s leading exchanges. In addition to making use of Amazon Web Services’ cloud security, all the exchange’s systems can only be accessed after passing through multiple forms of authentication, and individual systems are only able to communicate with each other across approved and monitored channels.
Communication is also further secured as the exchange provides optional PGP encryption for all automated emails, and users can insert their PGP public key into the form inside their accounts.
Once set up, BitMEX will encrypt and sign all the automated emails sent by you or to your account by the [[email protected]](mailto:[email protected]) email address. Users can also initiate secure conversations with the support team by using the email address and public key on the Technical Contact, and the team have made their automated system’s PGP key available for verification in their Security Section.
The platform’s trading engine is written in kdb+, a database and toolset used by leading financial institutions in high-frequency trading applications, and the speed and reliability of the engine is also used to perform a full risk check after every order placement, trade, settlement, deposit, and withdrawal.
All accounts in the system must consistently sum to zero, and if this does not happen then trading on the platform is immediately halted for all users.
With regards to wallet security, BitMEX makes use of a multisignature deposit and withdrawal scheme, and all exchange addresses are multisignature by default with all storage being kept offline. Private keys are not stored on any cloud servers and deep cold storage is used for the majority of funds.
Furthermore, all deposit addresses sent by the BitMEX system are verified by an external service that works to ensure that they contain the keys controlled by the founders, and in the event that the public keys differ, the system is immediately shut down and trading halted. The exchange’s security practices also see that every withdrawal is audited by hand by a minimum of two employees before being sent out.

BitMEX Customer Support

The trading platform has a 24/7 support on multiple channels, including email, ticket systems and social media. The typical response time from the customer support team is about one hour, and feedback on the customer support generally suggest that the customer service responses are helpful and are not restricted to automated responses.
https://preview.redd.it/8k81zl0a4cc41.jpg?width=808&format=pjpg&auto=webp&s=e30e5b7ca93d2931f49e2dc84025f2fda386eab1
The BitMEX also offers a knowledge base and FAQs which, although they are not necessarily always helpful, may assist and direct users towards the necessary channels to obtain assistance.
BitMEX also offers trading guides which can be accessed here

Conclusion

There would appear to be few complaints online about BitMEX, with most issues relating to technical matters or about the complexities of using the website. Older complaints also appeared to include issues relating to low liquidity, but this no longer appears to be an issue.
BitMEX is clearly not a platform that is not intended for the amateur investor. The interface is complex and therefore it can be very difficult for users to get used to the platform and to even navigate the website.
However, the platform does provide a wide range of tools and once users have experience of the platform they will appreciate the wide range of information that the platform provides.
Visit BitMEX
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