Tips: How to choose best crypto converter

Tips: How to choose best crypto converter

There are many ways to buy cryptocurrency now. This is mining, buying on an exchange, or purchasing directly from other owners. Sooner or later, the moment comes when it becomes necessary to use cryptocurrency exchangers to exchange fiduciary money – the usual rubles, euros or dollars.

This is primarily due to the fact that world currencies have the greatest liquidity.

Anonymous Cryptocurrency exchangers are online services that convert currencies in a given direction. Their priority over other methods of “cashing out” virtual money is simplicity and efficiency. In most cases, users do not need to verify their identity or even register to perform a transaction. They can also exchange currency at any time of the day.
Various types of cryptocurrencies are converted into money on the account of a particular bank, electronic payment system, and even cash. However, all cryptocurrency exchangers take a certain share of the payment as a reward for the transaction – a commission. Now there is a huge selection of exchangers, including those that work with virtual money.

How to exchange cryptocurrency for money on the Internet
The main methods of selling and buying cryptocurrencies include:

• Exchangers. Services offering a wide range of payment directions, including cryptocurrencies, bank cards, electronic payment systems, mobile operators and, in some cases, even cash. They work without verification and do not impose practically any requirements on the user.

Anonymous Cryptocurrency exchange. They can be centralized and decentralized, but only the former support withdrawal to fiat. The downside is that to work with cards and payment systems, cryptocurrency exchanges usually require identity verification, so this option may not be suitable for those who want to trade anonymously.

Peer-to-peer exchange sites. p2p exchanges provide an opportunity to buy and sell anonymously and without intermediaries. Users exchange assets directly with each other, and in order to make the transaction safe, the sites support a special escrow mechanism. He keeps the cryptocurrency in a separate escrow account until the application is paid.

Of the most popular monitoring services (free, of course), the following can be distinguished:

• KursEkspert – large monitoring with a large base of exchangers.

• BestChange is the oldest monitoring service.

• OkChanger is also a fairly large monitoring service, though not as popular as the first one. However, it will allow it to be supplemented very cool to obtain more or less balanced information. The principle of operation is very similar to the previous service.

The above monitoring services differ from their other competitors in the completeness and more or less high reliability of information. Once again, I draw your attention to the fact that it is better not to rely on one of them, but to monitor all three.

Advantages and disadvantages of exchangers
Anonymous Cryptocurrency exchangers are a fairly fast and secure way to exchange cryptocurrencies for real money or vice versa.

For example, let’s take one promoted exchanger called “xchange”. In general, this is an even less sparing exchanger, compared to some others. Let’s start with the pros of xchange (fortunately there are):

1. Huge selection of payment systems for exchange. You can directly transfer money to a Sberbank card, or qiwi.

Relative convenience, to exchange cryptocurrency, you need to use almost only one service (in our case, it is xchange).

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The Best Trader in the World

The Best Trader in the World

“Life itself is a risky enterprise. Sometimes we fly high, enjoying great success. But then suddenly we fall into deep disappointments and the haunting reality of a failure, leaving our hearts wondering if there is anything worth looking forward to.” – Joe Stowell

There are super traders all around the world. If you don’t know them, I know some of them. They earn their livelihood by trading and they’re financially free. Now the question is: Who’s the best trader in the world? Indeed, the best trader exists. Now, I won’t mention names, but I’ll tell you how the best trader trades.

The best trader doesn’t argue with the markets – he always admits his mistakes. Most people tend to feel they’re right, even if facts prove them wrong. Extremely terrible speculators don’t accept their errors. It’s really a psychological condition that makes a person refuse to think he’s made a mistake, even if reality shows otherwise. Being overconfident in riding a position that’s determinedly negative is definitely not a good thing. Top traders always acknowledge their mistakes.

Likewise, the best trader may use any kind of positive expectancy system including fundamental strategies and anticipate that the market will move in a certain direction. If the price movement or fundamental figures happen to be against his expectation, he’ll smooth all his positions immediately. No arguments, no hope. Financial markets have no mercy upon anybody. If things go against you, then get out of the market without wasting time. Every good speculator I’ve studied is really good at cutting positions that seem to go determinedly against them. Yet, whenever the market proves them right, they run their gains for a considerable amount of time.

The greatest trader accepts the uncertainty that can affect any open orders; they even do this before they open the orders. Uncertainty remains our ally, since speculation is a game in its own right. Negativity is also included in the game. The best trader doesn’t feel sad when a trade goes negative, nor does he feel too happy when a trade goes positive.
Using a System Profitably is Conditional
Are you a successful trader? Did you like the results you produced as a trader in the previous year? If not, what errors did you make and how can you improve your results henceforth? You may need a trading system that takes care of some cogent factors contributing to profitable trading. Do you have these factors in mind? Please consider some of them:

1. Do I have a rule to follow in my speculative activities? A trading strategy should be approached with the level of seriousness and enthusiasm with which one would approach any high level endeavor or business. The entry, exit, position sizing and other rules of this strategy must be followed to the letter.

2. Do I have a worst-case emergency plan? A good system should have a rule (or rules) that can deal with any adverse movements that can affect an open trade, as well as a rule that makes you exit quickly if things are no longer going in your favour.

3. Do I have a positive expectancy system that can enable me to survive the current type of market? A good system ought to make money in good market conditions and make as little drawdowns as possible in bad markets conditions. It should have positive expectancy incorporated into it, which means that at least, two dollars should be expected for each dollar that is being risked. In other word, you should be profitable on a long-term basis even with only 30% accuracy.

4. Do I have a technique that will continue working even if the market conditions change without warning? Yes, a good trading system ought to survive all market conditions. A good trading system can work well in bull or bear markets. But maybe you should stay out of extremely consolidating markets! You just need to stick to its rules.

5. Do I even recognize the current type of market? It helps to be aware of the type of the market one is trading and the current prevailing condition of the market. This can help you make informed trading decisions.

6. Do I constantly condition my mindset in a way that makes me execute my trades flawlessly? You need to work on yourself. There are traders who use position sizing that is far bigger than the one recommended. Some enter additional trades based on analysis that is completely different from the rules of the system. Some do not even use stops at all – contrary to the system rule! A trader using a good system should learn how to control herself/himself and do the right things in the markets rather than doing things that would satisfy human emotions.

If you answered no to any of those questions, you have clues about why your results in the past have been undesirable. These, by the way, are only a few of the questions you could ask yourself. If you could take the factors above into consideration and work on them successfully, then you may find that trading can indeed be profitable.

Conclusion
When the markets go in our favour, we feel like a champion. We assume that we are a super trader and that we’re smarter than other traders. In most cases, only traders who have experienced the good and the ugly sides of the markets and survived them all are those who are really qualified to be our mentors. You need to forget about your past and look forward to a brighter future. It’s important that you overlook your past failures and press forward.

This chapter concludes with the quotes below:

“Stephen Covey says – ‘Live out of your imagination, not your history’. Look forward, not in your rear view mirror – or you’re sure to crash. It’s not what happens to you, it’s how you handle it that counts. Your mistakes are completely separate from who you are as a person. Take pride that you’re moving one step closer towards your goals. Don’t cripple your future growth by shooting yourself in the foot because you made a screw up.” – Louise Bedford

“One of the main issues that new traders have is that they have expectations of huge rewards in a short period of time. ‘I’ll take my $5,000 trading account and turn it into a million dollars in a year, and tell my boss where he can go!’ That rate of return is a bit unrealistic. By increasing your account size just a couple of percentage points a month, the power of compound interest will make you wealthy, but over a long period of time. Trading as a career is a marathon, not sprint. Those who try to make too much too fast often over-leverage their account and take on unnecessary risks by doing so. One or two large losses can wipe out a few weeks or months of good gains! If you do that you have ‘worked for free’ as your account takes these major drawdowns. Does anyone want to work for free? I know I don’t.” – Rick Wright (Online Trading Academy)

 

This text is taken from the book “Unlock Your Potential with the Realities of Trading”


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Coinbase Acquires Data Analytics Company; Allows Crypto Purchases Through PayPal

Coinbase Acquires Data Analytics Company; Allows Crypto Purchases Through PayPal

Coinbase, the largest cryptocurrency in the US, has announced that users can now buy digital assets on the platform via debit cards and bank accounts linked to PayPal and Venmo. However, this service only allows a limited amount of crypto purchases for now.

Normally, ACH and wire transfers take a long while to process. However, with a PayPal account, users can start carrying out transactions on Coinbase instantly. The user does not have to provide a bank account linked to Coinbase.

To purchase cryptocurrency using PayPal, it has to be selected as the payment method. Subsequently, you have to add a debit card to a bank account linked to the PayPal account and make a purchase, and is applicable only for $25,000 a day.

The PayPal crypto purchase option on Coinbase is only available to a few countries, including the US, Canada, the EU, and the UK.

Coinbase Acquires Skew
Meanwhile, Coinbase has just announced the acquisition of data analytics platform Skew, which would allow the company to deliver real-time actionable data analytics to institutions and traders.

 

This acquisition will help the company cater to more than 7,000 financial institutions and boost its prime offering. That said, Coinbase’s acquisition is subject to traditional closing conditions and is expected to close in the second quarter.

Skew, a London-based company was founded in 2018 and serves over 100 customers, including One River Asset Management and Susquehanna International Group.

Earlier this month, Coinbase became a publicly listed enterprise, with its share price hitting a peak of $430. At press time, COIN is trading at $294.77.

 

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Veteran US Investor: Cryptocurrency-Economy is the Next Multi-Trillion-Dollar Opportunity

Veteran US Investor: Cryptocurrency-Economy is the Next Multi-Trillion-Dollar Opportunity

Big-shot investor Ron Conway in an interview with CNBC on Wednesday discussed his very optimistic view of the cryptocurrency industry and its future. Conway, also known as a Silicon Valley “super angel,” has compared Coinbase to Google, in which he is an early investor.

The American venture capitalist, regarded as the Godfather of Silicon Valley, has reportedly participated in more seed funding rounds for many tech startups than anyone else. Conway was an early investor in big tech names like Google, Facebook, Twitter, Reddit, Airbnb, Square, Pinterest, among many others.

The veteran investor spoke highly of the crypto market, noting that:

“If you start at the very top of the funnel. Look at the market size for the crypto economy. Last year, it was $778 billion, headed to over a trillion. And the crypto economy is in its infancy.”

He also affirmed that the crypto-economy could become the next multi-trillion-dollar innovation opportunity.

Ron Conway on Coinbase
When quizzed about Coinbase, which IPOed last week and has a larger valuation than the company it is trading on, Conway stated that:

“If people look at the size of the opportunity, then the market cap of these companies looks a little more reasonable.”

Coinbase shot up to a whopping $100 billion in valuation immediately after its public debut.

Ron Conway.

The super angel added that:

“We are in an inflated market no matter what, so all companies are worth a pretty high price today. When you look at the size of the market of crypto, I think they are analogous.”

Coinbase (NASDAQ: COIN), a US-based cryptocurrency exchange operator, went public via a direct listing on Nasdaq on April 14. According to Vandatrick, a data analytics company that monitors retail activities in over 9,000 individual stocks and ETFs in the US, retail investors poured more than $57 million into Coinbase on its debut day. The analytics firm noted that Coinbase’s IPO was the fifth-largest based on retail buying for the past four years.

 

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Coinbase Finally Debuts on Nasdaq, Surges 50 Percent Immediately

Coinbase Finally Debuts on Nasdaq, Surges 50 Percent Immediately

Coinbase has made history today, following its initial public offering (IPO) on the Nasdaq. The exchange’s stock price (NASDAQ: COIN) saw a massive spike immediately after its debut on the stock exchange.

The stock price surged by 52.4% to $380 per share, as its highly-anticipated listing kicked off on the tech-heavy exchange this afternoon.

The rally sent the firm’s market capitalization to $99.6 billion, exceeding its estimated valuation by $34.6 billion. This price activity seen in COIN is on par with the debuts of tech giants like Facebook and Airbnb.

The company noted that it opted to be directly listed, which means that no new shares will be issued, with shares made available for existing investors at a quoted of $250 per share.

Record-Breaking Revenue Report
The US-based cryptocurrency exchange is the first cryptocurrency company to go public amid a booming appetite for inflation-proof assets during the global economic crisis.

The cryptocurrency exchange generates its revenue from charging fees on trades on cryptocurrency trades, making volatile markets particularly profitable for the company.

In its most recent quarterly report, Coinbase noted that its revenue target for Q1 2021 was between $730 and $800 million. The company ended up reporting $1.8 billion in revenue in the first three months of its fiscal year. The company now boasts more than 56 million verified users.

Meanwhile, the founding and managing partner of Eden Block, Lior Messika, noted that:

“The company’s aggressive growth, underpinned by an increasingly dominant presence in the West, has laid the groundwork for what will surely be one of the most important listings in tech and a complete game-changer for the crypto industry.”

 

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Bitcoin Breaks New All-Time High Ahead of the Coinbase Nasdaq Listing

Bitcoin Breaks New All-Time High Ahead of the Coinbase Nasdaq Listing

With Coinbase getting set to launch its public listing on the Nasdaq tomorrow, investors are on the edge of their seats for what they hope could be a massive milestone for the adoption of Bitcoin (BTC) and cryptocurrencies in general. This event would be the first time in history a cryptocurrency exchange as big as Coinbase carried out this undertaking.

Coinbase has recorded significant growth over the past year leading up to its IPO, including reporting a $1.8 billion revenue for Q1 of 2021 alone. For context, the whole of 2020 saw just about $1.3 billion in revenue for the company.

The goodish revenue reports in Coinbase occurred alongside a spike above the crucial $60k mark for the primary cryptocurrency.

That said, with the recent launch of the crypto lobby group Crypto Council for Innovation by Fidelity, Square, Coinbase, and Paradigm, hopes have gotten ignited that new regulations would be more industry-friendly and could create a new target price for Bitcoin.

Matt Blom, the Head of Sales at Nasdaq-listed asset company Diginex, recently noted that:

“$70,000 is the new target for the bulls. Every month this year has so far registered a new all-time high.”

Key BTC Levels to Watch — April 13
Bitcoin has finally cleared the $60k mark in an unprecedented rally, ahead of the Coinbase listing. The bullish momentum accelerated following the break above the $61 mark, which saw the cryptocurrency secure a 4.6% climb today.

BTCUSD – Hourly Chart

That said, the rally seems to still be in its beginning phase, as bulls set their eyes on the $65,000 level. Based on our MACD indicator, BTC is still far from overheating conditions meaning that a bullish continuation will likely resume following the current consolidation below the $63,727 area (the new all-time high).

Meanwhile, our resistance levels are at $63,727, $64,000, and $65,000, and our key support levels are at $63,000, $62,550, and $62,000.

Total Market Capitalization: $2.19 trillion

Bitcoin Market Capitalization: $1.18 trillion

Bitcoin Dominance: 53.9%

 

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Coinbase Officially Sets April 14 as Date for Its Nasdaq Listing

Coinbase Officially Sets April 14 as Date for Its Nasdaq Listing

The largest cryptocurrency exchange in the United States, Coinbase, has just announced that the date for its long-awaited direct listing on the stock market has been fixed. Following approval from the US Securities and Exchange Commission, the exchange reported that it would get listed on the Nasdaq on April 14.

According to a blog post published on April 1, Coinbase noted that its Class A common stock would get directly listed on the Nasdaq Global Select Market in twelve days from today, under the ticker symbol “COIN.”

Before the recent development, the behemoth exchange planned to go public in March but decided to hold off on the listing until April, likely because of its previous regulatory crisis with the CFTC.

The Commodity Futures Trading Commission (CFTC) recently accused Coinbase of carrying out illegal wash trading practices for three years. However, shortly afterward, the exchange agreed to settle the $6.5 million fine imposed by the regulatory body.

Should the listing go according to plan, Coinbase would become the first cryptocurrency exchange to get listed on the Nasdaq, which would mark a significant milestone for the entire cryptocurrency industry.

Pivot from IPO to Public Listing
Initially, the US-based cryptocurrency exchange announced in December 2020 that it would go public via an initial public offering (IPO). However, Coinbase changed its plans and opted for a direct listing instead.

In its recent statement, Coinbase noted that:

“This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.”

Meanwhile, congratulatory messages have started to roll in from prominent industry players. Shortly after the announcement, MicroStrategy CEO Michael Saylor stated that:

“Congratulations to the entire team at Coinbase. This listing will accelerate institutional adoption of bitcoin and catalyze a host of complimentary industry initiatives.”

 

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Coinbase Announces Expansion to India Despite Regulatory Uncertainty in the Country

Coinbase Announces Expansion to India Despite Regulatory Uncertainty in the Country

World-renowned cryptocurrency exchange operator, Coinbase, has recently announced that it will be expanding its operations into India. The company also announced several job openings for its Indian expansion despite indications that the government plans on banning cryptocurrency use.

Coinbase noted in its official announcement that:

“We’re happy to announce that Coinbase is establishing a business presence in India. By housing some IT services, including engineering, software development, and customer support operations in India, we will benefit from its huge pool of world-class engineering talent.”

The announcement added that:

“India has long been known as a hub for engineering and technology innovation, and we look forward to finding that world-class talent to help the Coinbase group develop new ways for our customers to interact with the crypto economy,” the announcement continues.”

Coinbase also stated that it “expects to open a physical office, initially in Hyderabad, for Indian employees as Covid-related conditions allow.”

Meanwhile, the company also posted several job openings on Linkedin, including 15 postings for open job positions in India. Aside from that, Coinbase has announced job openings for other countries, including the US, the UK, Japan, Singapore, Canada, and the Philippines. Furthermore, the company has invested in a local cryptocurrency exchange in India.

In other news, Coinbase is preparing to get publicly listed on the Nasdaq via an initial public offering (IPO). However, this IPO has gotten placed on hold following a $6.5 million fine from the US Commodity Futures Trading Commission (CFTC).

Cryptocurrency Ban in India
Coinbase’s decision to expand its operations into India comes amid a shaky future for cryptocurrencies in the country, as the government has recently announced its plans to ban cryptocurrency use in the country.

Already, a cryptocurrency bill was supposed to get introduced during the Budget session of the Indian parliament. However, the session has ended without the bill getting introduced.

Indian finance minister Nirmala Sitharaman.

The Indian Financial Minister, Nirmala Sitharaman, the cryptocurrency bill is still undergoing finishing touches and will get introduced once completed. However, she asserted that the government would not issue a total ban across the country but would take a “calibrated approach to cryptocurrency legislation.”

 

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Bitcoin SV Takes Center Stage at Dubai Investment Summit

Bitcoin SV Takes Center Stage at Dubai Investment Summit

The original Bitcoin takes center stage at Sir Anthony Ritossa’s 13th Global Family Office Investment Summit in Dubai as Jimmy Nguyen, founding president of Bitcoin Association, gave a keynote presentation and hosted a panel discussion and other Bitcoin SV proponents and clients presented testaments as to how it can be used in various business platforms.



Bitcoin SV’s presence at this prestigious event attended by Royal Families, Sheikhs, prominent family offices, private investors and market leaders from more than 30 countries just shows how far its native token and blockchain technology have come in just two years.

After successfully restoring the original Bitcoin protocol, unlocking unbounded scalability of its blockchain, enhancing its security system and promoting a regulation-friendly mindset in February 2020 through the Genesis Upgrade, Bitcoin SV is now ready for global adoption.



“Bitcoin SV is the only Bitcoin project and blockchain that best understands and realizes what Bitcoin was created to be. Bit-data and coin-money, together. Bitcoin is really the fusion of data and money. We deliver on the promise of what Bitcoin was always meant to be,” Nguyen stated.

Of course, this statement does not come without proof of the benefits of blockchain technology. EHR Data Chief Scientist Ron Austring presented their current project of creating a global healthcare database, which will provide stakeholders real-time access to the same data to fight the opioid crisis. Veridat founder Philip Runyan also spoke about using the Bitcoin SV blockchain to ensure integrity and hygiene of clinical research data.

Imagine if systems like these are in place now, delays in giving the public updates on the coronavirus pandemic will be minimized because crucial healthcare information can be easily accessible. Physicians do not have to rely too much on patients’ memories when asking about patient history because they already have it in their hands. Transparency regarding the COVID-19 vaccine will be available to the public and help reduce confusion and increase confidence.

With limitless potential in use cases, which is not limited to the healthcare industry, the Bitcoin SV blockchain is more than ready for various applications to be developed and built on it. This is why Ritossa believes the original Bitcoin will serve to benefit Dubai’s leading industries.
Sir Anthony Ritossa and Jimmy Nguyen

“This event’s core value is uniting together to build a better world. And this marries up perfectly with the driving ambition of Bitcoin SV, to make the world better with data. We’re in the perfect place for combining these two missions, with the UAE perfectly primed to take blockchain to the next level,” Ritossa said during a CoinGeek interview.

After this year-end Dubai summit, the original Bitcoin heads to Zurich, the financial capital of Switzerland, for its first conference of 2021.

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Technical Analysis: ZAP Surges to $0.3098, Chainlink Uninspired to $32 Amid Ethereum’s Lack of Momentum to $2,000

Technical Analysis: ZAP Surges to $0.3098, Chainlink Uninspired to $32 Amid Ethereum’s Lack of Momentum to $2,000

ZAPUSD Price Analysis
ZAP price stole the crypto spotlight after rising to a new all-time high of $0.3853 suggesting that it is enjoying stability in the market. Meanwhile, price action has not been progressive above $0.30, which continues to delay the uptrend to new all-time highs above $0.35. However, ZAP seems to have stalled roughly above $0.3 during today’s session, thus delaying the uptrend.

The natural tendency of this formation is to yield a downside break. Therefore, the sellers return to take control, although they need to find a strong foothold below the moving average 13 now at $28.20.

ETHUSD Price Analysis
Ethereum has remained bullish in the long-term despite the recent sell-off to $1200. The digital asset is currently trading at $1.822 after a significant rebound from key horizontal support formed on the daily chart.

ETHUSD price defended a key support trendline and bounced from $1660 to $1859. Additionally, bulls have also managed to push ETH above the moving average 13 support level which has been a strong point since Dec. 31, 2020. Acceptance under the moving average of 13 could trigger a sharp sell-off towards the $1350 mark, where the pattern target coincides.
The Relative Strength Index (RSI) is ranging, above the midline, suggesting that there is a scope for additional consolidation.

LINKUSD Price Analysis
Chainlink consolidates recent gains around $30, declining for the first time in three days, during late Tuesday. In doing so, the altcoin takes a U-turn from the two weeks’ highest level, also declining before the key $33 resistance area.

Now, LINK faces a blockade at $33 that could prevent its market value from appreciating. Hence, a pullback towards the immediate demand levels seems likely as this would provide the bulls a respite needed to continue their ascent. If bears want to come back, they will need to push ChainLink below the key support level at $27.50. A breakdown below this point should drive LINK towards the psychological level of $21.

Conclusion
ZAP is finding life just below $0.30 a lot harder than it appeared it would. While I still have little doubt it will break through this psychological barrier and probably explosively so, it seems we may be made to wait a little longer for it. Volatility has very much returned and even during this consolidation period of recent weeks, there’s been some serious whipsaw action.

A constant reminder of how wild a ride these cryptocurrencies are. I don’t think we’ll have to wait long for another reminder of the scale of moves they can produce in very little time, with that move looking more likely to come above $0.30 than below $0.25. The latter would arguably be more interesting but much less likely at the moment.

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