[Bittrex filed for insolvency ](https://www.reuters.com/markets/deals/cr)on 8 May, 2023, after the exchange was charged by the US SEC (Securities and Exchange Commission) in April 2023 for allegedly operating as an unregistered securities platform. 

All operations ceased in the US on the last day of April. The company disclosed that its worldwide arm, Bittrex Global, which provides services to customers exclusive of the US, would not be affected by bankruptcy protection. 

## Why did the SEC charge Bittrex?  

Over the past two years, as Bitcoin ([BTC](/news/article/marathon-digital-sustainable-mining)) and Ethereum (ETH) neared $70,000 and $5,000, respectively, which made the decentralized finance (DeFi) sector a trillion-dollar economy, the SEC set its sights on many digital assets, labelling several as securities. 

On 17 April, the SEC charged Bittrex Inc., Bittrex Global GmbH, and William Shihara, former Chief Executive Officer (CEO) and co-founder, for operating what it called a clearing agency, brokerage, and securities exchange. 

The SEC called the Bittrex exchange out because it believes the platform has earned a minimum of $1.3 billion in revenue, including money from US investors. 

Gary Gensler, the chair of the SEC, disclosed that the action of the agency shows that the emerging market does not suffer from a lack of regulatory clarity but a lack of regulatory compliance.    

## Bittrex Global GmbH CEO says the firm will contest SEC charges 

Oliver Linch, CEO of the Bittrex global arm, [told Coindesk](https://www.coindesk.com/policy/2023/04/26/bittrex-global-ceo-says-firm-will-fight-sec-charges-did-not-serve-us-customers/) during a phone interview on 26 April that they never served US customers and will do anything to defend their position. 

Like many others in the industry, Linch believes the agency is not showing signs of being interested in providing a clear[ regulatory](/news/article/is-crypto-regulated-across-the-globe) framework by which industry stakeholders would abide. 

Instead, many agree that it is more interested in regulation by enforcement. The latest act has made many US-based exchanges dissatisfied with the SEC consider quitting the country and moving headquarters to other countries working towards regulation. 

## Bittrex is not the only aggrieved US-based crypto exchange 

Many of the pioneer cryptocurrency companies are based in the US. Coinbase is the country's largest exchange by trading volume, while Ripple is the most recognizable cross-border [crypto](/news/article/is-crypto-dead)-backed technology globally. Ripple's native asset XRP is an integral On-Demand Liquidity (ODL) source that settles thousands of transactions daily. Ripple and Coinbase have felt the enforcing rather than the regulatory hand of the SEC. 

Brian Armstrong, the CEO of Coinbase, has labelled the SEC as a lone crusader when it comes to its crypto policies, which he flagged as stringent. 

While he believes Gary Gensler has changed his position on the sector due to pressure from Wall Street and the US Government, which sees crypto as a threat to the stability of the centralized financial system, [Armstrong retweeted](https://twitter.com/EleanorTerrett/status/1661518275921018881) a message from pro-crypto Florida governor DeSantis who has launched a 2024 White House Presidential Bid. DeSantis believes policies could be made to disrupt the use of BTC in the next four years, but he would do everything to protect the numerous benefits of cryptocurrency. 

In March, Coinbase received a formal warning from the SEC about a possible enforcement action that could be made against the exchange.            

Ripple continues to be embroiled in a case with the SEC. In December 2020, the regulatory body charged representatives of the project for raising more than [$1.3 billion](https://www.sec.gov/news/press-release/2020-338) via an unregistered, ongoing digital asset securities offering. According to executive Bradley Garlinghouse, there is a huge chance that Ripple could spend around $200 million before its lawsuit with the regulatory agency comes to an end - money that could have been injected into the operational needs of the company looking at the damaging effects of crypto winter over the past year. 

## Crypto regulation 

While the US has failed to lead the world in regulations, the European Union's Markets-In Crypto Asset (MiCA) is scheduled to take effect in 2024. 

On 23 May, [IOSCO ](https://www.reuters.com/business/watchdog-proposes-first-set-global-rules-crypto-sector-2023-05-23/#:~:text=The%20watchdog%20aims%20to%20finalise,off%20regulators%20against%20each%20other.)(International Organization of Securities Commission), an organization that regulates the futures and securities market, unveiled what has been described by many news outlets, like Reuters, as the pioneer global approach to bringing some form of regulation to the digital currency and crypto asset market. 

IOSCO’s proposed standards cover custody of crypto assets, treatment of retail customers, market manipulation, operational risks, conflicts of interests, and cross-border regulatory cooperation. 

red iamge of dial indicating cash flow at 0

Bittrex insolvent after SEC charge 

With the increased interest and activity in [crypto trading](/news/article/guide-to-cryptocurrency-trading) and the different arrays of decentralized finance (DeFi) platforms available to investors, users need to keep track of their assets. The need for a reliable crypto tracking tool - like Live Coin Watch - to help monitor and manage your cryptocurrency portfolio is high. 

A [cryptocurrency tracker](https://www.investopedia.com/cryptocurrency%20tracker) is software or an online platform that helps traders and investors to monitor digital trends and the value of digital currencies and tokens by comparing the performance of these assets. 

## What is Live Coin Watch? 

The virtual currency tracker is one of the world’s leading, real-time crypto coin web applications. The coin tracker gives users market prices, charts, and market capitalizations to help them make better trading decisions. 

More than 10,703 tokens can be tracked on the coin price tracker. Some of these digital tokens can be traded on 338 exchanges. 

Founded in 2017, the platform offers a beautiful user interface to navigate and explore the functions of the application easily. 

## How does it work? 

The digital currency web application collects data from different cryptocurrency exchanges, blockchains, and data providers and makes it available to users, delivering a comprehensive update of the crypto market conditions. 

The tracking platform helps traders and investors track their portfolios when they have manually or automatically imported their portfolios into the system. 

Other web application features include sorting the cryptocurrency assets based on their wins and losses, newness, and trending metrics. 

In addition, the website collates and curates news from other sources and information on ICOs (initial coin offerings) and airdrops. 

## Final note 

The platform aims to be one of the leading tracking platforms keeping users informed, especially in this volatile market and with the issues around cryptocurrency regulations. 


licecoinwatch logo on blue image of blockchain

What is Live Coin Watch and how does it work? 

It is threatening to have one of the biggest assets in the world be left unregulated. Having said that, it is true that any amount of regulation would label cryptocurrencies under the "centralized" territory, and it can be extremely difficult for the entire space to agree on how much centralization is acceptable to maintain crypto's decentralized nature. Amid this conundrum, the [European Commission proposed ](https://www.europarl.europa.eu/news/en/press-room/20230414IPR80133/crypto-assets-green-light-to-new-rules-for-tracing-transfers-in-the-eu)the European MiCA (Markets in crypto assets) in 2020. In April 2023, the European Parliament adopted European MiCA regulation. Let’s go into further detail. 

## What is MiCA (Markets in Crypto Assets)? 

To understand MiCA, we must first distinguish between some of the asset classes within the crypto spectrum. MiCA defines a crypto asset as a digital portrayal of value or "rights" that can be traded using [DLT ](https://allesovercrypto.nl/blog/distributed-ledger-technology-dlt)(Distributive Ledger Technology). MiCA regulation also differentiates between conventional cryptocurrency and derived "tokens". 

MiCA crypto, as the name suggests, is a name given to categorize the markets within the [crypto space](/news/article/marscoin-project-2023). This distinction is necessary as it helps regulatory bodies understand what sort of regulations suit what kind of asset classes. The European MiCA regulation is an attempt to jumpstart the initiative of regulating a high-demand asset class to bring more of it under the umbrella of control and scrutiny. 

Although the MiCA crypto regulation is only a step towards regulating a massively valued industry, the European Commission thinks it will serve as a stepping stone towards greater and better-directed regulation in the future. The European Commission believes so because the European MiCA Regulation is the first regulatory body of its kind. 

Even though the European Union has always believed in the utility of crypto assets, it was sceptical of the legal frameworks in and around the technology. The rampant security failures that kept popping up within crypto only reinforced the EU's stance on crypto. To understand the potential impact of the MiCA regulation, read up [on our site](/news/article/euroc). 

The European MiCA Regulation provides the bedrock upon which a crypto ecosystem can be built, with sustainability and scrutiny in mind. This regulation could effectively allow the industry to grow at the rate at which enthusiasts have always wished while at the same time ensuring that there are safeguards in place. Countries like Japan [are following suit](/news/article/japanese-crypto-regulation-call-made) in the regulatory space. 

## How does MiCA crypto regulation work? 

The MiCA regulation extends to three major crypto asset classes: 1) Asset-Referenced Tokens (ARTs), 2) Electronic Money Tokens (EMTs), and 3) Crypto Assets that are neither ARTs nor EMTs. 

ARTs are crypto assets backed by [legal tender](https://www.law.cornell.edu/wex/legal_tender#:~:text=Legal%20Tender%20refers%20to%20all,or%20services%20that%20were%20rendered.) or a combination of real assets. These can be fiat currencies, the gold standard, or commodities. This domain pretty much includes almost all assets that are not EMTs. As a result, these crypto assets are relatively more secure and stable, and one could argue that they are susceptible to a degree of centralization. 

Conversely, EMTs may also be backed by legal tender, but at most, for one fiat currency only. This is the biggest difference between ARTs and EMTs. ARTs diversify risk by depending on a basket of commodities/assets, whereas EMTs rely on single asset classes, behaving more like electronic tokens. 

Lastly, the MiCA regulation also extends to utility crypto tokens. These include all derived tokens for Metaverses, blockchains, etc., with their own local exchange tokens. These differ from the electronic security tokens, as is also reflected by the fact that they do not come under the securities' framework in most countries. 

It is essential to note that the MiCA regulation does not provide for NFTs or other DeFi elements. This is mainly because these DeFi assets, by nature, are decentralized and go through their own regulatory protocols. Passing these assets through a centralized regulatory framework would pretty much take away their main point of differentiation. 

## Authority 

The European MiCA crypto regulation distinguishes between crypto asset Issuers and [crypto Asset Service Providers](https://www.esma.europa.eu/qa-topics/crypto-asset-service-provider-casp#:~:text=Crypto-Asset%20Service%20Provider%20(CASP,European%20Securities%20and%20Markets%20Authority&text=Is%20a%20DLT%20MI%20operator,without%20an%20additional%20MiCA%20licence%3F) (CASPs). The MiCA crypto regulation would have considerable authority and oversight over these two major stakeholders within the forces in crypto-asset markets. Issuers must provide authentic, transparent, and continuous details of the products they are dealing in. Service Providers need to certify their merit, undergo registration processes, and even implement anti-money laundering protocols. Only after these providers have ascertained the MiCA regulation of their merit would they be allowed to operate under the European MiCA framework. The MiCA framework would also have complete control over demanding a transparent paper/money trail whenever they see fit. 

The MiCA crypto regulation would also oversee the environmental footprint of issuers and service providers under its umbrella. This will help crypto regain the goodwill lost due to unsustainably high-power consumption mining routines. 

## Cross-border cooperation 

Since the European MiCA regulation is the first of its kind, it has to fulfil a cross-border responsibility of trust and cooperation with other countries looking to build similar frameworks around crypto. This first-mover aspect will offer the MiCA regulation a solid reputation and could help establish it as the focal point of global crypto regulation. 

## Conclusion 

Although MiCA crypto regulation seems to be building toward a product offering that the larger market has been demanding for some time now, it would be interesting to see how crypto enthusiasts worldwide respond to this kind of regulatory oversight. Would they welcome this whiff of centralization in their decentralized product, or will they lash out and reject the muddying of their founding principles? 


MiCA: Responding to the crypto market’s call 

[The Fear and Greed Index](/news/article/fear-and-greed-index-crypto) was developed by CNN Money, a business, financial, and personal finance news website which is part of CNN Business in 2012 to measure the stock market's performance. 

Originally, the index was measured using seven data points: safe-haven demand, market volatility, junk bond demand, put and call options, stock price breadth, stock price strength, and market momentum. 

From a [study](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4459684#:~:text=CNN%20Money%20developed%20the%20original,to%20measure%20stock%20market%20performance.) published in May 2023 titled The Relationship between CNN Money’s US Stock Market Fear and Greed Index and US Stock Indices, the authors concluded that five stock indices which included Dow Jones Composite, New York Stock Exchange (NYSE) Composite, S&P 500, and NASDAQ showed a positive relationship at the Greed level.  

This means that many potential investors have the right technical indicators in their favour should they wish to add more stock to their investment portfolios.  

Since the financial market downturn in March 2020, when the coronavirus pandemic (COVID-19) led to a global lockdown that negatively impacted centralized and decentralized investment assets, the index has become more relevant in the crypto space. 

While many crypto traders continue to monitor the tool, few have an extensive understanding of what it represents and how it could influence their trading patterns positively.  

## The Fear and Greed Index and crypto 

The index uses market trends and social signals to determine the general sentiment of the entire decentralized finance market with Bitcoin (BTC) and other large-cap assets (those with more than $10 billion as market value) as the primary focus on measurement.  

Like the tool developed by CNN for the stock market, this is also an index because it sources data from multiple sources and analyzes them into a single figure.  

The [crypto fear and greed index](https://www.investopedia.com/articles/investing/082914/basics-buying-and-investing-bitcoin.asp) has been dissected into four categories: 

- EXTREME FEAR comes in orange and is rated from 0 to 24. 

- FEAR is represented by amber and yellow and rated from 25 to 49). 

- GREED is shown in light green and can be found from 50 to 74. 

- EXTREME GREED is graded from 75 to 100. 

FEAR normally shows signs of bearishness, while GREED indicates signs of bullishness. 

## Crypto Fear and Greed Index: How is it calculated? 

While the index for the stock market is derived from seven data points, crypto is weighed using five key signals: search engine trends, dominance, social media, volatility, and market momentum/volume. 

For simplicity and educational purposes, we are going to settle on the largest [digital asset ](/news/article/is-crypto-regulated-across-the-globe)by market capitalization [BTC ](https://coinmarketcap.com/currencies/bitcoin/)in explaining and understanding the five signals.  

Search Engine Trends: Bitcoin is the most popular cryptocurrency across the globe. 

Data is sourced from search engines such as Google, Yahoo, Bing, and others to use trends as an indicator for the index. 

A good example can be attributed to Google Trends, where the most searched terms are stored for a given period. 

With BTC, it is not uncommon to come across searches for terms such as Bitcoin Price Prediction, Is Bitcoin a Good Investment in 2023, How High Will BTC Go In 2023, Will Bitcoin Hit $100,000 in 2023, and Bitcoin Price Manipulation.  

While the first four are signs of bullishness, the search by millions on whether the value of BTC is being manipulated is a fearful signal, which is taken into account in deriving a single figure for the overall sentiment around the flagship digital currency. 

Market Momentum/Volume: As one of the vital factors in technical analysis, the volume shows the total liquidity being poured into a particular cryptocurrency. 

Take BTC, for instance, which was exchanging hands for around $27,000 in May 2023. The minimum daily volume was $7 billion, while the maximum daily volume hovered around $20 billion. 

Within the same period in 2022, BTC traded for about $30,000 and the lowest and biggest daily trading volumes were $17 and $70 billion, respectively. 

In May 2021, BTC was trading above $50,000 and within the fifth month of the greatest year in the trading history of cryptocurrencies, daily trading volume reached a peak of $126 billion.  

From the statistics presented, it is clear that volume has gone down in 2023, and this exhibits signs of fear on the part of many traders to risk their hard-earned money on the first blockchain-backed digital asset.  

Social Media: This has become a powerful tool for measuring greed and fear among investors. If the hashtag (Bitcoin, BTC, bitcoin, or btc) trends on social media platforms like Twitter, it means there is growing interest in buying the coin. 

If the same momentum is not felt across the platforms, sentiment for the crypto asset has diminished, reflecting in relatively lower trading volumes.  

Volatility: According to Oxford Dictionary, volatility is where something is liable to rapid and unpredictable changes, especially with adverse effects. Crypto is highly volatile, and the rapid fluctuations in the value of BTC and other cryptocurrencies are normally seen as FEAR (bearishness) for most market participants. 

Dominance: Bitcoin dominates the crypto market. As of 11:00 UTC on 2 June, 2023, it commanded [45.9% ](https://coinmarketcap.com/charts/)of the industry's total market cap and was followed in second place by ETH with 19.9%.  

Within the same period, the index was at 50 (Neutral) because BTC does not have a huge hand in the market (it has less than 50% of the overall market). 

Should things change for BTC to command more than half of the sector’s value, the index will fall into FEAR since many traders will be moving all their assets into what is deemed a safer asset.  

On the other hand, if BTC loses its dominance further and other assets rise, the index turns into GREED since traders are turning into speculative assets (more altcoins). 

Does the Fear and Greed Index improve crypto trading?  

The index has played an integral role in the trading patterns of many traders. This will continue, especially in times when numerous centralized financial bodies have started introducing regulations for the crypto economy. 

fear and greed indesx visual. One man looking scared and another looking greedy holding a bitcoin

Does the Fear and Greed Index improve crypto trading? 

A [crypto wallet](/news/article/crypto-wallet-multiple-currencies) is among the first things a crypto investor needs to set up in order to invest in cryptocurrencies. There is much information out there, so many investors are left unsure which digital asset wallet to use. Trust Wallet is an excellent choice if you are looking for a secure and intuitive all-in-one experience. 

This article reviews one of the best crypto wallets currently available. 

## What is Trust Wallet 

Trust Wallet is a decentralised mobile-based multi-cryptocurrency wallet that offers self-custodial services for digital currencies and non-fungible tokens (NFTs). 

The wallet supports [more than 4.5 million assets](https://trustwallet.com/assets) across 70+ blockchains and allows users to earn interest by staking their crypto. 

Launched as a mobile wallet in 2017, it originally supported Ethereum-based ERC-20 and ERC-223 tokens. It was designed to address the needs of mobile-first crypto adopters, allowing them to access and safely interact with decentralised applications (DApps) across supported blockchains. 

The wallet enables users to buy, store, receive, send, stake, and trade cryptocurrencies, as well as managing their NFT collection, in a single app. 

It also has an in-built Web3 browser through which users can buy cryptocurrencies using the native decentralised exchange (DEX) on the Kyber Network. 

It is a hot wallet, meaning it is only accessible when there is internet connection. This is opposed to a cold wallet that can be accessed offline and is only connected to the internet when needed. 

## Key features of Trust Wallet 

The wallet offers users the following features: 

- Multi-cryptocurrency support: Unlike most centralised wallets that support a particular type of assets, Trust Wallet supports multiple cryptos. 

- NFT support: It also supports NFTs, allowing users to buy, sell, store, and trade their digital art collectibles. It supports BEP-721 and BEP-1155 NFTs on the Binance Smart Chain (BSC) in addition to ERC-721 and ERC-1155 NFTs on Ethereum. 

- Allows staking: The wallet enables users to stake several leading digital assets and earn rewards. The digital wallet currently supports Binance Coin (BNB), Cosmos (ATOM), Kava (KAVA), VeChain (VET), and Algorand (ALGO), among others. 

- Easy inter-wallet and inter-blockchain transfers: Users can easily move assets from other wallets across different blockchains to their Trust Wallet using private keys, a secret recovery phrase or a keystore file. 

- Security and privacy features: The mobile wallet uses industry-leading security measures, such as pin code or fingerprint scanners, to ensure the safety of user funds. It also conducts regular audits through Stateful, a leading security firm. 

## How Trust Wallet works 

The mobile wallet acts as a link between blockchains and their associated nodes. Note that every blockchain has a unique set of public addresses, where digital assets are encoded and secured. 

The wallet does not hold or control users’ assets because it is decentralised and non-custodial. It operates entirely on mobile devices, granting users ready access to every blockchain the app supports. 

To ensure privacy, Trust Wallet claims it does not store user information or share it with third parties. All contact information is accessible to transacting parties. 

![screenshot of trustwallet website](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_06_07_at_12_12_02_c3dc9ebdb8.png)

It has an in-built DApp browser that provides access to BSC-based and Ethereum-based applications. Users can use these DApps directly using the app without registering for each DApp. Supported DApps include OpenSea, Uniswap, and PancakeSwap. 

## How to get started with Trust Wallet 

Trust Wallet is easy to use and available for Android and iOS users. It can also be installed across multiple phones or tablets. Here are three basic steps for setting up your wallet. 

### Step1: Download and install the wallet 

The app is available from sources including Google Play and Apple App stores, or through the [Trust Wallet website](https://trustwallet.com/download). Always ensure that you are downloading the official app to ensure the safety of your funds. 

![screenshot of Trust app on app store 2023](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_06_07_at_12_12_16_f0ee8ba5bd.png)

### Step 2: Create an account 

After installing the app, select “Create New Wallet” and confirm if you are in agreement with the Terms of Service and Privacy Policy to set up an account. 

Next, create a six-digit password – this serves as your secret security code for accessing the wallet. Keep this code in a secure place and never share it with anyone else. 

![screenshot of wallet screen ](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_06_07_at_12_12_38_4439282722.png)

Next, you are required to back up your wallet using a 12-word secret phrase that you need to note down and keep it safe. You must then enter the 12-word secret phrase in the correct order. Your wallet is ready to use! 

### Step 3: Fund your account 

To do this, select a crypto from the Buy Menu on the main wallet screen. This will connect you to a third-party provider. Verify the transaction fees and tap "Confirm". Wait for funds to appear in the wallet. 

## Conclusion 

One of the biggest challenges of crypto adoption is the complexity of dealing with wallets, smart contracts, and DApps for first-time users. 

Trust Wallet provides a simple way to access, manage and interact with crypto assets making it enjoyable for new and old users. 


blue image of trust lock with tech overlay

Trust Wallet – The ultimate user guide 

In February 2023, the Bank of England (BoE) and HM Treasury, a department of the UK Government, issued a consultation paper for the potential launch of a retail CBDC. 

It discusses the rapidly evolving payment system and proposes that the Digital Pound might be the future solution for households and businesses. 

A CBDC (Central Bank Digital Currency) is best explained as a digital fiat currency that can be used for everyday needs. The consultation paper suggests that the UK Government believes in and supports the idea of CBDC. The government is currently preparing for the launch of CBDC by evaluating the policy framework and the technology. However, the final decision on its launch is expected in 2025. 

Let's explore the Digital Pound and why the government is so keen to launch it in the country. 

## CBDC UK: Government preparing to launch Digital Pound 

The HM Treasury and the BoE have mentioned in the consultation paper that the CBDC UK is "likely to be needed". It explains that payment systems have become more digitised, and cash usage has dropped significantly in the past decade.  

Additionally, crypto assets have become increasingly popular for investments and cross-border money transfers. It poses a potential threat to the Pound Sterling in the future. Therefore, the government has started to prepare for the launch of CBDCs.  

Many people call the Digital Pound a Britcoin or a digital Sterling. This virtual currency’s main task would be facilitating payments for households and businesses. It will be designed to provide a secure payment method to consumers for their day-to-day tasks.  

However, the [HM Treasury and BoE](/news/article/cbdc-uk) have yet to decide to launch Britcoin. Currently, they are evaluating the technological requirements and other resources that will be necessary to deploy a CBDC in the country. The report says that in the next couple of years, their goal would be to observe innovations in this field while preparing for its launch. We can expect a final decision about its introduction by 2025.  

## How would a Digital Pound work? 

The virtual Sterling will be issued by the UK's central bank, the BoE. You can easily store it on your smartphone wallet and use it for various transactions. There can be further innovations for its usage, like a smart card that could store the value just like a debit or credit card. It may create further ease for consumers as swiping cards would be more convenient. 

Although CBDCs and cryptocurrencies are quite different assets, they both use a core distributed ledger. Users would have to set up their wallets with a wallet operator. Then the wallet operators can use BoE infrastructure through the distributed ledger and offer the digital pounds to the users. 

There are many concerns regarding the state surveillance of user data through CBDCs. The consultation paper addresses these concerns and states that the BoE will act as the centralised authority for the virtual currency. 

However, the paper emphasises that the BoE will not have access to user data. Instead, the responsibility of handling and securely storing data will be entrusted to wallet operators. 

## Why do we need a Digital Pound? 

The consultation paper for the virtual pound has enumerated various reasons why a CBDC has become necessary. Some of them include: 

- The increasing use of cards and digital payments instead of cash. 

- The rising popularity of cryptocurrencies.  

- The high cost of cross-border payments. 

- Ensuring the sovereignty of the central bank and Pound Sterling. 

- Promoting innovation and efficiency in the financial sector. 

These reasons for introducing a virtual currency are valid but mostly reflect the government’s perspective. However, a CBDC can also benefit consumers in various ways. 

- It will make payments more convenient for consumers. 

- It can significantly reduce the cost of money transfers. 

- It may improve financial inclusion by making it easier for people to access and use financial services. 

- Instant money transfer to other countries.  

## What is the CBDC UK Government timescale? 

Central banks globally have been exploring the idea of CBDCs for a long time. The BoE is among one those that started early and completed its initial research in 2022. However, it has announced three phases for a possible launch of its Britcoin. 

In February 2023, it published two papers; The Digital Pound: a [New Form of Money ](https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1160409/CBDC_WEB_PDF_-_1_JUNE_2023_4.20pm.pdf)for Households and Businesses? Consultation Paper and The Digital Pound: [Technology Working Paper.](https://www.bankofengland.co.uk/-/media/boe/files/paper/2023/the-digital-pound-technology-working-paper.pdf) 

This marked the first phase of the Digital Pound roadmap, which has initiated discussions on how CBDC UK can be implemented. Meanwhile, the consultation deadline is 7 June, 2023. 

![chart showing phases of UK CBDC](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_06_06_at_13_15_08_f993c1e5c0.png)

For the second phase, the BoE has given an estimated period of 2023 to 2025. Most of the work on its design and infrastructure will take place in this phase. Finally, the development of prototypes will be done in the last phase, which is expected to be completed by early 2025.  

Only after going through these phases will the HM treasury and BoE decide on the CBDC's launch. So, a retail [CBDC UK Government launch](/news/article/cbdc-bank-of-england) would take several years and is unlikely in the first half of this decade, just as John Glen predicted in 2021.  

## Potential risks of Digital Pound 

Although there are many benefits of CBDC, it poses several risks too. To deploy an infrastructure of CBDC, the UK government needs to overcome the following challenges: 

- State surveillance: It is the most important challenge for the government as it has to ensure consumers the safety of their data and complete control over their funds. 

- Cyber crimes: Distributed ledgers are secure and transparent but can be vulnerable to cyberattacks. Therefore, the government must have a robust CBDC infrastructure.   

- Offline payments: It is another critical area, as internet access is limited in some places, which may cause limitations for consumers. 

- Economic instability: If the Digital Pound became a widely accepted payment method, private banks and firms may suffer financially, which could cause financial instability.  

From reducing money exchange costs to more financial inclusion - a Digital Pound may have many benefits for household and business usage. However, the UK Government must consider potential risks to design a secure CBDC that protects people's privacy. 

UK government building with cbdc coins in foreground and yellow filter

CBDC UK: Government gearing up for Digital Pound 

Cryptocurrency has revolutionized how we think about money, and it's no surprise that scammers have been hopping on board. With cryptocurrencies, fraudsters can operate crypto scams with near anonymity and tap unsuspecting victims for large sums of money – faster than ever before. Despite the hype surrounding crypto investment opportunities, it's essential to remember that investing isn't without risk. 

If you're not careful when navigating this new international economy, then there's a strong chance you could become a victim of crypto scams. That's why understanding cryptocurrency is so essential – knowledge is power! 

Join us as we dive into common schemes criminals use against unwary crypto investors, how to identify potential traps ahead of time, and ways to protect yourself today! 

## What are crypto scams? 

Crypto scams are [increasingly prevalent.](https://time.com/personal-finance/article/popular-crypto-scams/) These scams often involve fraudulent schemes designed to trick individuals into buying fake or fraudulent cryptocurrency. It's essential to be aware of crypto scams as they can result in serious financial losses for those who fall victim to them. 

Common crypto scams include phishing, Ponzi schemes, and fake cryptocurrencies. By staying informed and cautious, you can protect yourself from falling victim to those who seek to take advantage of unsuspecting individuals in cryptocurrency. So be sure always to conduct thorough research and exercise caution before making any investments in the crypto space. 

## Common types of crypto scams 

As crypto continues to surge in popularity, so too do the number of scams that attempt to take advantage of unsuspecting investors. 

Phishing scams involve impersonating a legitimate company or individual to obtain personal information. 

Fake ICOs (initial coin offerings) make promises of huge returns on investment that never materialize. Ponzi schemes rely on new investors to pay existing investors, eventually collapsing when there are no longer enough new investors to sustain the scheme. 

Fake wallets or exchanges trick users into depositing money or crypto into a fraudulent account. 

By understanding the warning signs of these scams, investors can better protect themselves from falling victim. 

## How to protect yourself from crypto scams 

With the growth in crypto popularity has come [a surge of crypto scams](/news/article/isreal-crypto-scamming-network-targets-auusies). In 2022, more than $4 billion was estimated to have been lost to crypto scams. That is expected to rise in 2023. 

As the popularity of cryptocurrencies rises, so do opportunistic scammers looking to take advantage of unsuspecting investors. Protecting yourself from crypto scams can seem overwhelming, but it's crucial to safeguard your investments and financial information. 

An effective way to prevent scams is education. Familiarize yourself with common tactics scammers use, such as phishing emails or unsolicited investment offers. Additionally, research potential investments thoroughly before committing any funds. Ensure the company has a reputable history; don't hesitate to ask questions. 

Finally, be cautious of promises of high returns or quick profits. By staying informed and vigilant, you can protect yourself from scams and safely navigate the exciting world of cryptocurrency investment. 

## Red flags to look out for 

Navigating the cryptocurrency world can be daunting, especially for those new to the game. While many investors have made significant gains, exercising caution and vigilance is essential. 

There are several red flags that buyers and traders should look out for, such as scammers promising instant riches or unverified exchanges offering deals too good to be true. Researching potential investments thoroughly and utilizing reputable platforms is essential to avoid falling victim to fraudulent schemes. 

Individuals should be wary of investments that lack transparency or have anonymous developers with no established track record. By staying informed and aware of potential red flags, investors can adopt a proactive approach and safeguard their investments in the digital currency space. 

The world of cryptocurrency has become a money maker for many, but, unfortunately, the same opportunity has been used by scammers to perpetrate fraud. As demand for digital currencies grows, so does the number of fraudsters looking to exploit unsuspecting victims. 

## What if you become a victim? 

The cryptocurrency world can be exciting and risky, especially with the prevalence of scams. If you become a victim, there are essential steps to take. 

First, gather all evidence of the scam, including transactions, communications, and other documentation. Then, report the scam immediately to the relevant authorities, like the Securities and Exchange Commission. 

Contact your credit card company or bank to report fraudulent transactions and freeze your accounts if necessary. Remember to stay vigilant and educate yourself on the warning signs of crypto scams to prevent future incidents. 

## Resources available for victims 

It's important to know that if you've fallen victim to a crypto scam, resources are available to you. 

Some organizations can support and assist victims of crypto scams. The National Cyber-Forensics and Training Alliance is one such organization offering resources and guidance to victims. 

It's also important to be vigilant and educated about scams in the crypto world, so you can better protect yourself and your investments. Remember, help is available if you become a victim of a crypto scam. 

It is imperative to understand that [crypto scams are not always easy to spot](/news/article/infinox-forex-broker-scam-uncovered); however, with the proper information and understanding of the common types of crypto scams, how to protect yourself, and red flags to be aware of, your chances of becoming a victim can be reduced. 

Remember that awareness is key in protecting yourself from these increasingly sophisticated schemes, and finding ways to invest your hard-earned money wisely should always be at the forefront of your mind! 

It is essential to remember that crypto scams could rise in 2023. With the ever-growing popularity of cryptocurrencies, it is crucial to be aware of scams and always take precautions. 

Always check the service provider's legitimacy, research the project before investing, and never share your private keys or passwords with anyone. Lastly, stay informed about the latest news and developments in the crypto world to ensure you are not falling victim to a crypto scam. 

man coding crypto scam stock photo with red filter

Avoid becoming a victim of crypto scams 

Crypto investing for beginners in the UK is becoming increasingly popular among UK investors looking to capitalize on newfound opportunities in the digital asset space. With planning and consideration, it can be easy to unlock the secrets of crypto investment in the UK. 

## Unlocking the secrets of crypto investing for beginners in the UK 

Are you curious to learn more about cryptocurrency and want to explore the potential of investing in this digital asset? If so, you're not alone. A recent survey said that more than 30% of UK adults are either interested or very interested in learning more about cryptocurrency investments. 

[Cryptocurrency is becoming increasingly popular worldwide](https://www.koody.co/cryptocurrency/how-to-invest-in-cryptocurrency-uk#:~:text=Coinbase%20is%20highly%20regarded%20as,of%20them%20in%20one%20place.); however, as with any investment opportunity, specific risks and considerations must be considered. By balancing expenses against future profits while staying on top of the latest news developments, anyone can confidently venture into cryptocurrencies as an investment option. 

## Crypto Investing for Beginners UK 

Cryptocurrency investment has been making waves worldwide because of its unique approach to finance. The UK has embraced this modern currency investment practice. But what is it? And how does it work? 

Cryptocurrency investment involves buying digital tokens to receive high returns on investment. These tokens can be bought in exchange for fiat currency or other cryptocurrencies. These tokens are traded through digital wallets, which act as safe storage for your investments. 

As the market value of these tokens fluctuates, you can sell them. Understanding how cryptocurrency investment works requires a bit of research and understanding. However, the potential returns on investment make it an attractive option despite the risks. 

## Understanding the different types of crypto available 

As cryptocurrency popularity continues to rise, more and more investors are seeking to add them to their portfolios. However, with so many different types of cryptocurrencies available, it cannot be easy to understand their differences and know which ones are worth investing in. 

From Bitcoin to Ethereum, Ripple, and Litecoin, each cryptocurrency has unique features and potential risks that investors [must consider before deciding](/news/article/crypto-invest-strategy). 

Understanding the different types of cryptocurrencies available and their underlying technologies is crucial for any investor looking to add them to their portfolio. 

Investors can make informed decisions by taking the time to research and learn about each cryptocurrency. 

## Exploring the benefits of investing in cryptocurrencies 

Investing in cryptocurrencies has become an attractive option for many people. These digital tokens offer a decentralized currency free from government regulations and market fluctuations. 

With the rise of mainstream acceptance, more businesses are accepting crypto as payment. 

Additionally, cryptocurrencies can provide a hedge against inflation and a store of value. Investors can benefit from the potential growth and diversification that comes with investing in cryptocurrencies. While risks are involved, thorough research and a long-term approach can mitigate those risks and potentially lead to significant returns. Overall, the benefits of investing in cryptocurrencies are undoubtedly worth exploring for those looking to diversify their portfolio and participate in the digital revolution. 

## Crypto investing for Beginners UK choices 

With so many different cryptocurrencies available, deciding which one to invest in can be overwhelming. There are crucial tips to consider when deciding. 

First, do your research and understand the technology behind the cryptocurrency. Look into the project team and its track record. 

Additionally, consider the market demand for the cryptocurrency and its level of adoption. Finally, diversify your investments and not put all your eggs in one basket. These tips will help you to make well-informed decisions about choosing the right cryptocurrency. 

## Researching potential returns before you invest 

Investing can be an exciting way to put your money to work, but knowing what you're getting into is essential. Before you jump into any investment opportunity, take the time to research potential returns. 

Not all investments are created equal. You must understand the risks and rewards before you invest. Look at historical performance data and analyze trends. Also, consider diversifying your investments across various assets to reduce risk. 

Lastly, stay up to date on the latest economic news and market trends. Remember, making wise investment choices takes time and effort, but it's worth the effort to reap the benefits of long-term growth potential. 

## Crypto investing for Beginners UK critical risks 

As cryptocurrencies continue to rise in popularity, more and more investors are getting involved in this exciting new market. But as with any investment, critical risks must be considered to ensure a successful outcome. 

A significant risk of investing in cryptocurrencies is that the market is highly volatile, with prices fluctuating rapidly and unpredictably. The risks of fraud and hacking can result in significant financial losses. 

Additionally, the regulatory landscape surrounding cryptocurrencies is uncertain, which can create added complexity for investors. While investing in cryptocurrencies can be incredibly rewarding, it is crucial to carefully evaluate and manage these risks to make informed investment decisions. 

Digital asset investment can be a great way to diversify and capitalize on the growth potential of this exciting new asset class. Some risks must be considered. 

Before making any decisions, investors should thoroughly [research different types of crypto coins ](/news/article/blackrock-investing)available for purchase, understand the associated risks and rewards, and familiarize themselves with the key features of each one. 

Additionally, cautionary consideration should be taken before investing large sums of money, as price fluctuations can happen rapidly in this ever-evolving market. Taking these necessary steps to understand a crypto investment before jumping into it is ultimately the best pathway to success for those wanting to take advantage of the profits that could be made from crypto investments within the UK. 

man investing while sat at his desk with blue filter

Tips for crypto investing for beginners in the UK 

[Gate.io](https://www.gate.io/) - sometimes searched for as Gateio - is a centralised cryptocurrency exchange that provides users with an extensive selection of crypto coins and tokens for trading purposes. 

With support for more than 1,400 cryptocurrencies and more than 2,500 trading pairs, this platform holds a prominent position in terms of trading volume, exceeding $3.54 billion daily. 

It facilitates spot and margin trading and has expanded its services to include options, futures, and derivatives for investors. 

Established in 2013, Gate.io emphasises its stability and reliability. It offers a user-friendly interface, round-the-clock customer support, and a robust mobile application. However, this[ exchange ](https://coinmarketcap.com/exchanges/gate-io/)operates with relatively less regulation and does not permit fiat withdrawals. 

Users must undergo a mandatory KYC (Know Your Customer) process to withdraw funds or deposit cryptocurrencies. 

## Gate.io product ecosystem 

Gate.io, or Gateio as it is sometimes referred to in searches, offers a convenient platform for buying/selling various cryptocurrencies, including BTC, [ETH](/news/article/eth-shanghai-upgrade-postponed), EOS, and many others. Users can also take advantage of ETFs. 

With such perpetual futures, users can utilise Hedge Mode and access leverage of up to 100X. This allows them to enhance their earnings by going either long or short. 

This platform provides a seamless experience for buying and selling cryptocurrencies. Users can instantly and securely trade with over 20 fiat currencies using bank transfers or credit/debit cards. 

It also offers a range of options for those interested in quantitative strategies. Additionally, users can copy the strategies of the top earners featured on the leaderboard. 

'Gate.io Earn' is a comprehensive solution for flexible, high-yield financial and asset management services. These include options such as HODL and Earn and Crypto Lending. 

## How to start using the platform 

In just four simple steps you can kickstart your crypto journey with Gate.io by following these steps. 

### Step 1: Create a Gate.io Account 

First, find Gate.io, possibly by Googling gateio. Then, sign up for an account. As a bonus, you'll receive $100 Points and a $5500 trial fund to help you begin your crypto investments. 

### Step 2: Make a Deposit 

After creating your account, it's time to fund it. This exchange supports multiple payment methods, allowing you to conveniently deposit funds. 

### Step 3: Complete KYC 

The exchange prioritises compliance, so completing the KYC process is necessary. By verifying your identity, you'll have a compliant account, ensuring a secure and regulated environment. 

### Step 4: Start Trading 

With your account funded and verified, you're ready to dive into cryptocurrency buying and selling. Sell, buy, or even copy trade cryptocurrencies on Gate.io's platform. 

Once users have successfully verified their accounts and deposited the necessary funds, they can immediately engage in trading digital assets on the platform. The platform offers two distinct trading interfaces, the Standard and the Professional, allowing users to select the one that suits their preferences. 

The Standard interface caters to new traders and provides several useful features, including multiple trading charts, an order profile list, an order entry box, and a trading history. It offers a straightforward and user-friendly experience for those new to trading. 

The Professional interface is designed for experienced traders who seek advanced functionalities. This interface enables traders to conduct in-depth technical analysis of cryptocurrency markets using various tools available on the platform. It empowers experienced traders with enhanced capabilities to make informed decisions based on research. 

## What makes Gate.io a safe and stable platform for you? 

The exchange's comprehensive fund protection, efficient trading services, long-standing stability, and commitment to compliance make it a reliable choice for cryptocurrency traders. 

The platform ensures comprehensive protection for the funds through centralised and decentralised security measures. It offers efficient [trading ](/news/article/altcoin-trading-tips)and instant deposit/withdrawal services. As an established exchange, they provide a seamless and convenient trading system that enables swift transactions and access to your funds. 

Gate.io logo on image of two mwn shaking hands

Gateio: A Comprehensive Guide

Those pushing for better Crypto.com card alternatives have their reasons. These mostly focus on the costs of using existing options and the emerging lack of convenience with existing card options. 

Crypto.com issues the Crypto.com card to a section of its users. The card is meant to be an easier way to access crypto assets and spend these on merchant websites and other point-of-sales terminals that accept compatible cryptocurrencies. This card is part of an emerging trend of cards issued by exchanges to enable users to gain e-commerce capabilities with their crypto assets. 

One of the main issues confronting crypto users is the problem of convertibility between fiat cash and cryptos. Many banks and regulators across the world frown at fiat-crypto transactions. 

So, even if a crypto trader makes money via trading or investing in cryptos, there are few channels for converting these crypto funds to fiat cash for offline use. 

Furthermore, the channels are getting fewer and more banks that had pre-existing relationships with centralized crypto exchanges are cutting them, narrowing the options even further. Issuing a prepaid debit card to enable exchange users to convert their crypto funds to fiat funds in card format is a handy solution to the problem. 
[The Crypto.com card ](https://www.forbes.com/advisor/credit-cards/reviews/crypto-com-rewards-visa/#:~:text=The%20Crypto.com%20Visa%20Card*%E2%80%8B%E2%80%8B%20allows%20cardmembers%20to,actually%20a%20series%20of%20cards.)was meant to be the solution to allow holders to use their crypto funds as though they were using cash. 

Cardholders also get other perks, such as cashback at specific retail shops, airport lounge access, free ATM withdrawals, and cashback when used with the Dosh app. However, there are some other requirements that Crypto.com cardholders must fulfill to enjoy some of these perks and, in some cases, even to qualify to keep using the card. 

Some users have found some of these requirements unbearable and are now searching for viable Crypto.com card alternatives. 

## What is driving the search for Crypto.com card alternatives? 

One of the perks users of the higher-tier versions of the card enjoyed was that they would get reimbursement of up to 100% monthly on Amazon Prime, Spotify, and Netflix subscriptions. This has been stopped. 

In addition, top-up fees (fees charged for loading the card with crypto funds) have increased in the last year. 

Getting the Crypto.com card requires the user to stake some amount of money in CRO tokens, the native token of the Crypto.com exchange. Since the staking is in the native CRO token, it is subject to price fluctuation risks as it is not a stablecoin. 

Following on from the last point, the price fluctuations of the crypto market in which the CRO token trades have proven to be a risk factor many card users cannot bear. 

If you have followed the market in the last two years, you will find that the value of the CRO token has dropped from just under $1 to a little above 6 cents. That's a massive 95% drop. 

If you had staked the minimum of €400 in CRO tokens as required, the value of your staked tokens would probably be less than €2.50. This considerable drop has proven to be a significant disincentive to new users. 

There is much talk about unresponsive customer support service, with users waiting long to respond to their questions and inquiries. This adds to the frustration many users are feeling. 

## What makes a crypto card a viable alternative? 

For cards to qualify as viable Crypto.com card alternatives, they should have the following characteristics: 

- It must have very low ATM withdrawal fees or even none at all. 

- It must boast similar perks to the card to be replaced or even better. Cashback on purchases appears to be the dominant value-added product on most crypto debit cards. 

- Ability to use both a physical and virtual card option. 

- Seamless integration to Apple Pay or Google Pay, the e-commerce payment portals of the dominant companies in the smartphone market, allows the user to make payments across thousands of compatible websites. 

- If it comes from an exchange that requires staking, the token to be staked should have some resilience against steep price depreciation. For instance, you should have the option to convert the crypto holdings on the card to an interest-earning stablecoin until such a time when the funds are to be used. 

- The staked amount, if any, should not be too high so as not to expose the user to extreme price fluctuation risks. 

- Any usage fees should be minimal and should ideally not exceed what is paid for regular fiat credit/debit card usage. 

- Any additional perks, such as using the funds in the card as collateral for taking crypto loans, would be an added advantage. 

- It would also help if the company issuing the crypto debit card had a customer support desk that responds promptly to client requests, even though delayed responses from customer support seems to be a common denominator across the crypto world. 

With these factors in view, here are a few potential candidates that can serve as Crypto.com card alternatives. 

## Some Crypto.com card alternatives 

Nexo card: The Nexo card supports at least 20 cryptocurrencies and provides 2% cashback on all card purchases. In addition, you can convert the funds on your card to a stablecoin and use the same as collateral to collect crypto loans from the Nexo exchange. Clients can access both the physical and virtual versions of the card, and both integrate with Google Pay and Apple Pay. Users do not pay any inactivity fees. 

Gemini card: The Gemini crypto card provides specific cashback on retail purchases, with 3% cashback on dining outings, 2% on groceries, and 1% on all other retail purchases. It is one of the few cards available to US citizens and residents. Cashback is given in BTC or Ethereum, with no exchange or foreign transaction fees. Support is provided for 40 cryptos, and all rewards are paid instantly. 

Ledger Wallet Card: [Ledger wallet crypto cards](/news/article/ledger-crypto-wallet) were launched in 2021. The card, named the Crypto Life (CL) card, is available to EU and US customers, and is linked to the user's Ledger wallets. 

## Conclusion 

Crypto.com card alternatives have emerged due to the desire for better cashback offers, lower fees, and other perks not found with the existing solution. 

However, challenges remain due to the stiff opposition from regulators on crypto-fiat exchange solutions, thus limiting the scope of usage and general accessibility of these cards. 

It is hoped that the passage of time will lead to changes in the crypto card industry that will widen the scope of access to this product. 

cryptocurrency cards in wallet with blue filter

The search for Crypto.com card alternatives 

According to [a report by CoinDesk](https://www.coindesk.com/tech/2023/02/14/avalanche-blockchain-saw-1500-transactional-growth-in-2022-nansen/), the crypto news service, Avalanche Blockchain enjoyed a massive 1,500% transactional growth in 2022 (despite the bear market) compared to 2021. 

For a product that first showed in the market in 2020, AVAX has demonstrated immense resilience, growing close to $5 billion in [market capitalization](https://www.coingecko.com/en/coins/avalanche) and a market cap rank of #17. 

Fortunately, the traction of avalanche crypto isn't stopping there. 

![avalanche crypto website screenshot](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_05_31_at_15_53_31_864a01cb09.png)

## Understanding Avalanche crypto 

The Avalanche crypto technology aims to restructure the blockchain industry by facilitating enhanced scalability and performance. Leveraging its cutting-edge [Avalanche consensus](https://docs.avax.network/learn/avalanche/avalanche-consensus#:~:text=Consensus%20is%20the%20task%20of,low%20latency%20and%20high%20throughput.) protocol, the technology goes against traditional consensus mechanisms to deliver efficient transactional speeds without compromising network security. 

In context, Avalanche can process 4,500 transactions per second, while Ethereum can only do 14 transactions per second. 

Unsurprisingly, the platform has been lauded as a viable alternative to Ethereum and Solana. 

The technology, founded by a research and engineering team led by Emin Gun Sirer, exhibits seamless compatibility with the [Ethereum Virtual Machine](https://www.quicknode.com/guides/ethereum-development/getting-started/what-is-the-ethereum-virtual-machine-evm/#:~:text=What%20is%20the%20EVM%3F,run%20a%20node%20on%20Ethereum.) (EVM). This interoperability is responsible for the ease with which Ethereum-based projects are ported to the Avalanche ecosystem. 

Also, third-party developers can develop custom virtual machines on the technology, resulting in a rapidly growing world of decentralized applications (DApps). So far, there are 354 DApps on the platform, and the list looks like it will keep growing. 

The powerful blockchain technology, interoperability, versatility, and native utility token, are responsible for the massive jumps and impressive numbers Avalanche is pulling despite the world’s current [crypto winter](https://www.nerdwallet.com/article/investing/crypto-winter). 

And with recent developments around the platform, the avalanche bull run isn't ending anytime soon. 

## Signs of a better future for the Avalanche crypto ecosystem 

By the close of November 2020, the price of [AVAX](/news/article/avax-vs-solana)  was around $3.60 per unit. However, AVAX currently trades at $14.36, which indicates an increase of ~211%. However, the $14.36 figure is a massive drop compared to the all-time high price of $134.87. But a price drop between 2022 and 2023 was expected in the wake of a bear market. 

### Before the 2022 bear market: 

The development and public presence of Avalanche crypto began with the launch of the Avalanche Mainnet on 21 September, 2020. Users got access and were soon greeted by further launches like the Avalanche-X Grants Program (October 2020) to foster innovation and attract developers. The impressive run continued with the Avalanche Rush Incentive Program of December 2020, which focused on incentivizing users. 

2021 was also an eventful year, during which the [Avalanche bridge to Ethereum ](https://www.datawallet.com/crypto/ethereum-avalanche-bridge)(February 2021) was made possible. The Avalanche Rush Hackathon (March 2021) promptly followed the interoperability achievement, bringing further development and engagement in the ecosystem. 

Soon, a host of interoperable integrations and partnerships began to spring up. Other milestones in the year included the Avalanche Improvement Proposals, designed by community members to improve experience and security on the platform. 

As proof of the next-gen technology underlying Avalanche, decentralized applications like Benqi (DeFi platform), Snowball (Yield optimizer), and Pangolin (DEX) have surfaced. 

The success recorded by AVAX in its first years resulted from the credible attention the team paid to different facets of its spectrum - developers, users, investors, and institutions. Fortunately, this also set the base that made the blockchain platform resilient to the 2022 crypto winter. 

## Between 2022 and the present: 

Between the last months of 2021 and the start of 2022, the entire digital world was abuzz with talks of DeFi, NFTs, Yield farming, and Proof of Stake, amongst other concepts. 

But following the dramatic end to the industry 'hype' between April and May 2022, several projects have been weeded out. 

Avalanche crypto isn't one of them. 

The platform has become a yardstick against which newer projects measure success. It has become a major competitor for Ethereum. 

AVAX partnered with [Alibaba](https://dailyhodl.com/2023/05/06/ethereum-competitor-avalanche-avax-partners-with-chinese-tech-giant-alibaba-cloud-on-new-cloudverse-project/) to expand the ecosystem to deliver a new ‘Cloudverse’ project. Avalanche has recently launched two new marketplaces, Superchief Gallery NFT and Zeroone. Furthermore, a strategic partnership with [Legitimate](https://www.legitimate.tech/) indicates Avalanche’s commitment to closing the digital and physical worlds gap. 

## Conclusion 

Avalanche is leaning in on collaborative endeavours to build a more robust and competent user ecosystem. Over the past year, the Avalanche crypto ecosystem has welcomed more users, and according to [predictions,](https://seekingalpha.com/article/4582718-avalanche-avax-follow-the-user-growth) AVAX trading price is on course to potentially reach $200. 

Avalanche Crypto logo on blue image of man trading with a smile

The Growing Traction of Avalanche Crypto 

Bitcoin (BTC) is at its highest price since the beginning of 2023, and veterans believe we could be in for a new [crypto bull run](/news/article/bull-and-bear-markets). As most people consider crypto trading an ingenious way to earn passive income, many new investors are looking for an alternative investment and considering joining the ranks. Considering the growing popularity of speculative crypto trade, our guide describes the best crypto app UK for beginners.  

## Getting started trading crypto 

If you already understand cryptocurrencies and how they work, there’s every chance you already know that you need a platform, either an exchange or a crypto app, to trade from. 

While there are many ways you can manage, trade, invest and earn from your cryptocurrencies, cryptocurrency apps are among the best ways to remove the complexities involved in crypto trade. As a result, picking the best crypto app in the UK is a positive way to learn and enhance your [trading experience](/news/article/simple-cryptocurrency-trading).  

As people’s knowledge on the subject increases, adding crypto to investment portfolios is no longer considered something for only select individuals. Once you decide to buy or sell cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Litecoin (LTC), choose an app that best suits your interests. We've reviewed several crypto apps to help you decide which is most helpful. 

## What is a crypto app? 

A crypto app is an Android or iPhone-based application that enables investors to buy or sell cryptocurrencies on the go. Also called crypto exchange apps, these applications can trade crypto from both centralized and decentralized crypto exchanges. 

Centralized exchanges operate like stock exchanges where market makers buy tokens when a sell order appears and sell them when there's a buy order. In contrast, decentralized ones use algorithms to match buyers and sellers automatically.  

## Choosing the best crypto app UK 

The best apps for trading crypto have numerous things in common. These include security, simplicity, and frequency of updates - all of which you must consider when choosing the best crypto app UK.   

## Security 

Security ranks as the highest factor worth consideration, as everyone must ensure they can keep their crypto securely in their wallet. The ability to keep crypto relatively safe is why many people have been attracted, and adoption is growing. Among the key features you want to check in any app include the presence of two-factor authentication (2FA), withdrawal confirmation methods, multi-signature algorithms, and the ability to transfer funds to cold wallets.   

## Beginner friendliness 

If you're a complete greenhorn, you want an app that's easy to use and understand as you dip your toes into the volatile but relatively lucrative world of the crypto trade. 

It's important to avoid an app whose interface is overly complicated since the crypto market is already stressful enough. The best crypto app has a straightforward interface offering multi-language support and the least amount of technical migraines to deal with.   

## Fees 

The abundance of crypto apps means there’s enough competition in the space. As they fight to win over customers, users are likely to benefit from the lower fees offered. 

As a new user, it's your responsibility to do research and double-check to ensure that the provider you choose will offer you the most competitive rates without compromising on quality and security. While some fees are unavoidable when you use any crypto app, you shouldn't pay an arm and a leg to access the services.   

## Investment targets 

There’s every chance you have already set your strategic investment target as an aspiring crypto trader. It is, therefore, only fair to consider an app that enables you to set investment targets for a crypto investment portfolio. 

If that's available, you can always refer back to it to remember your long-term strategy of holding specific crypto assets for a specified period instead of actively participating in all markets. Ultimately, ensure that you try an app with a small amount of crypto before you decide to make a bigger deposit after confirming that it's the right one for you.  

## The best crypto apps 

### eToro 

[eToro](https://www.etoro.com/) is popular and perhaps the best crypto app in the UK because it makes trading 75 crypto coins at home or on the go a simple exercise. The app offers among the lowest fees among crypto brokers at a flat rate besides offering high-level investor protection. [eToro](/news/article/etoro-uk-review) offers users a social trading experience through its intuitive interface that shows trending coins and their technical analysis, as well as the ability to copy other users trading suggestions on your app or desktop. The broker charges traders a 1% fee, included in the price displayed for buying or selling crypto. 

## Binance 

With over 30 million users and trading over 350 different cryptocurrencies, [Binance](https://www.binance.com/en) ranks as the world's leading cryptocurrency exchange, offering services including crypto loans, derivative markets, and staking. The Binance app has a "Lite" version that only displays basics and is best for beginners. With advanced features, the "Regular" one is best for experienced traders. While Binance offers free trading for Bitcoin (BTC), the app charges a 0.1% fee for all other trades, and Binance coin (BNB) holders enjoy a 25% discount on all fees. Moreover, there are no deposit fees, but withdrawals are charged variously depending on the coin. 

## Coinbase 

[Coinbase](https://www.coinbase.com/) is a leading crypto trading platform offering more than 170 coins and a secure wallet, alongside automatic staking rewards for holders of over ten coins via Coinbase Earn. The Coinbase app is renowned for safety and offers insurance for balances of up to $250,000. Trading fees range from 0.6% and become lower for higher trading volumes. Users enjoy free wallet-to-wallet crypt transactions, no bank transfer deposits and withdrawals, but pay 25% for staking services. 

##vOKX 

With the flexible and adaptable [OKX](https://www.okx.com/) crypto app, users can choose three versions based on their trading preferences. The versions include the beginner-friendly “Lite” version, the “Pro” version with its myriad of trading tools, and the new “Web3” version meant for NFT traders. Whether you’re using the app or the desktop version, you can choose from over 350 cryptocurrencies and select from several simple payment methods. Regular users are charged a 0.1% fee for spot trades, while holders of the OKB crypto enjoy a 0.02% discount on over 2,000 coins.     

## Kraken 

[Kraken](/news/article/kraken-review) is a well-established cryptocurrency exchange, and its crypto trading app offers a selection of more than 65 cryptocurrencies: BTC and ETH being the most popular ones, with some DeFi coins also offered. Moreover, the exchange's popularity is related to its layer-2 scaling solution for the lightning network and Polygon. This enables users to seamlessly conduct instant and virtual free withdrawals and skip the cumbersome network fees of regular transfers. The [Kraken app](https://www.kraken.com/)'s fee structure includes a maker and taker fee and a spread. For instance, the Bitcoin trading fee is 0.16% for the maker and 0.26% for the taker. 

## Best crypto app UK conclusion 

Once you choose the best crypto app UK according to your needs, starting to invest in cryptocurrencies ceases to become rocket science. 

However, since cryptocurrencies are a new niche in finance, crypto is still volatile, and, as a result, the rule of thumb is always to invest as much as you're comfortable losing if things go south and learn as much as you can about crypto trading. 

  

Choosing the Best Crypto App for UK Beginners

Donald Trump NFTs created a buzz at the intersection of politics and digital collectibles, effectively launching a new political fundraising era. 

Over a year ago, you weren't cool if you didn’t own an NFT. Unfortunately, when the [crypto winter ](https://www.nerdwallet.com/article/investing/crypto-winter)began towards the middle of 2022, only real degens persisted with the 'NFT craze'. 

People just trying out NFTs due to FOMO or simply being fascinated by the concept forgot about non-fungible tokens and rolled back to their various status quo. 

In the same vein, some projects packed their bags. Interestingly, amidst the chaos of the blockchain industry, former US President [Donald Trump launched](https://collecttrumpcards.com/) his brand new non-fungible token (NFT) trading cards on 15 December, 2022. 

Before now, we have seen NFTs find use cases in different industries, but this was the first of its kind in politics. This begs the question of whether the Trump NFTs are the start of a new era of political fundraising or a fad. 

![screenshot of trump NFT collectible website](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Screenshot_2023_05_30_at_09_33_27_bbe124eb47.png)

## A closer look at the Trump NFTs 

The first batch of the NFTs cost just $99 per unit, and according to a statement by Trump, the NFTs are "amazing artworks from my life and career". 

The special edition cards resemble baseball cards. Some potential perks of owning the card may include spending a "wonderful evening in Miami for a special dinner organized by Trump" or simply meeting with Donald Trump for an hour of golf. 

As expected, the launch of the new NFTs [raised speculation](/news/article/trump-nft-collection-raises-eyebrows), especially based on the circumstances surrounding the digital presence of the 45th American President. What made the NFT project stand out is that it was a political fundraising measure. 

The idea behind the Trump NFTs is to be a means to raise money for the former President’s 2024 re-election bid. So, 45,000 units of the first batch of the NFTs were designed by illustrator Clark Mitchell, and all are issued on the Polygon chain. Users can easily purchase the units they want with a credit card or WETH. 

As the first to announce his candidacy for the 2024 elections, Trump has quickly tapped into leveraging his huge followership through these NFTs. 

According to reports, the first batch [quickly sold out ](https://www.coindesk.com/web3/2022/12/16/trump-nft-collection-sells-out-price-surges/)just a day after the launch. Due to the massive demand for the NFTs, their prices rapidly increased from $99 to about $230, with rarer ones selling for about $24,000. 

These numbers for the NFT launch are impressive, especially because the crypto industry had initially suffered massive setbacks that made some elite NFTs lose about 80% of their value. 

In response to the sell-out of the first series, Donald Trump[ launched a second batch](https://www.analyticsinsight.net/donald-trump-has-launched-a-second-batch-of-nfts/) of his NFTs for the same initial price of $99. The second batch had 47,000 units, featuring limited one-of-one NFTs and autographed cards. 

While the NFT cards launched by Trump did well on primary sales, the secondary market realities continually journey[ far from impressive](https://opensea.io/collection/trump-digital-trading-cards?search[sortAscending]=false), with floor price tapering. While the Trump NFTs aren’t the first to hit the market from a politician, they have made paying attention to the politics-NFT intersection crucial. 

## Potential of NFTs in political fundraising: Facts and questions 

NFTs thrive on attention, buzz, and funding; on closer look, politicians are the same. This reality makes both entities a perfect fit.[ Politicians](https://www.bloomberg.com/news/articles/2022-01-10/nfts-offered-by-candidates-as-crypto-creeps-into-u-s-politics#xj4y7vzkg%5D), namely Andrew Yang, Jared Polis, Blake Masters, and Donald Trump use digital blockchain assets to raise funds and build digital communities. 

This is such a novel use case; there are questions and facts to note. However, before looking at the questions, here are some factual use cases that can result from political NFTs: 

- Direct engagement with supporters. 

- Grassroot fundraising. 

- Cultivating a passionate collector base. 

- Revenue generation 

While the Trump NFTs have tapped into these use cases and benefits since launch, the general questions that plagued the last generation of NFTs before the 2022 crypto winter persist. 

- Will the NFTs’ value continue to rely on Trump’s personal brand? 

- How tangible are the reward systems of the NFTs for all users? 

## Conclusion 

Uncertainties remain with Trump NFTs. The future for political NFTs is unclear. So far, it's been a year since political NFTs hit the timeline. Hence, it's too early to judge whether we're witnessing a new era of political fundraising or a mere fad. 

red brick wall with Trump and NFT graffiti on it

Trump NFTs: A New Era of Political Fundraising? 

[Cryptohopper](https://www.cryptohopper.com/) is a versatile automated cryptocurrency trading bot that streamlines the management of all exchange accounts in one centralised location. 

This bot has various functions, including copying traders, market-making, exchange/market arbitrage, and the ability to simulate or backtest trading strategies. With Cryptohopper, investors can expect rapid automated investing and efficient portfolio management for more than 100 cryptocurrencies, including Bitcoin, [Ethereum](/news/article/ethereum-mining-operation), and Litecoin, on the world's leading crypto exchanges. 

## Features of Cryptohopper 

It offers a range of features for cryptocurrency traders: 

Portfolio Management: Connect and manage all your exchange accounts in one place using the free terminal. 

Trailing features: Automatically buy or sell based on price movements, with options for trailing stop-loss and take-profit orders. 

Trading Bots: Choose from pre-built strategies or create your own, and use AI to automate your trades. 

Pro Tools: Access advanced tools like dollar-cost averaging (DCA), market-making, and arbitrage, as well as free charting software. 

## Take your crypto investing a step ahead with Cryptohopper 

Trading Options: This bot offers a variety of trading options to its users, including long and short positions, limit and market orders, and stop loss orders, among others. This allows traders to customise their strategies to their risk tolerance and market outlook. 

Automated Trading: With this bot, users can automate [trading strategies ](/news/article/trading-212-guide)to allow them to take advantage of market opportunities 24/7. The platform offers a range of customizable bots tailored to different market conditions and user preferences. 

Copy Trading: For users who prefer to follow the trades of more experienced traders, Cryptohopper's copy trading feature allows them to do just that. Users can browse and select from various successful traders to copy and adjust their settings to match their risk and investment goals. 

Strategies: It also offers a range of pre-built strategies that users can utilise or customise to suit their needs. These include strategies based on technical indicators, market trends, and other factors. 

Pro Tools: It provides pro tools for advanced traders, including market-making, arbitrage, and dollar-cost averaging (DCA) tools. These tools can help traders to optimise their trades and minimise risks. 

Positions: [Cryptohopper](https://www.crunchbase.com/organization/cryptohopper) lets users view and manage their positions in real-time, including open orders, trades, and portfolios. Users can also track their performance and adjust their strategies as needed. 

Trading Features: Besides the above, it also offers a range of other features, such as backtesting tools, trailing stop-loss orders, and order execution notifications. These features help users stay on the market and make informed decisions. 

## How does Cryptohopper work? 

Cryptohopper functions by automatically executing trades on a linked trading account. 

To link an exchange account to your Cryptohopper account, you'll need to enter the API key, which can be found in the exchange account settings. Although the linking process may vary between exchanges, Cryptohopper offers comprehensive tutorials on linking accounts to various exchanges. 

Once your exchange account is connected to the Cryptohopper bot, it will perform trades based on the applied settings. The bot will conduct technical analysis based on market conditions and then buy or sell your cryptocurrencies according to the pre-set trading strategies. 

One of the advantages of using Cryptohopper is that it is supported on most major exchanges, making it a versatile tool for traders. Additionally, it is easy to set up and use, which is particularly beneficial for novice traders who may need more support with complex trading platforms. It also provides users with good tutorial resources, which can help simplify the platform's process. 

cryptohopper logo on blue image of crypto mining cart full of cryptourrencies

Cryptohopper: Automated crypto trading bot 

Discover what's driving the growth of the cryptocurrency world with an in-depth look at Coin MarketCap. 

This article explains the ins and outs of this powerful tool, from tracking the market trends of different coins to its user-friendly interface. 

In our in-depth review, we discuss what it is, its features and benefits, how to use it effectively, and much more. 

## What is Coin MarketCap and how does it work? 

[Coin MarketCap is a platform that provides comprehensive data](https://cointelegraph.com/tags/coinmarketcap) on cryptocurrencies. It functions as a market intelligence hub, allowing individuals to keep track of the latest trends and insights in the digital currency market. 

The platform offers a variety of tools to help users understand the performance of cryptocurrencies, such as real-time price and market cap data. The platform also provides a range of other features, like the ability to track prices over time, view trading volumes, and see the top gainers and losers of the day. It is an essential tool for anyone involved in cryptocurrency. 

## Understanding the different metrics 

As cryptocurrency evolves, it's essential to understand the various metrics used to track price changes. Each metric provides valuable insights into the cryptocurrency market's health and overall performance, from market capitalization to trading volume. Understanding these metrics can help investors guide investment decisions and identify growth opportunities. 

However, it's important to note that no metric tells the entire story. Investors should use a combination of metrics to gain a comprehensive understanding of the cryptocurrency market. By staying informed and knowledgeable about these different metrics, investors can make informed decisions and navigate the ever-changing landscape of cryptocurrencies. 

## Exploring Coin MarketCap features 

As cryptocurrency becomes increasingly relevant in today's financial landscape, tools like this platform are becoming essential for investors looking to[ track the price](/news/article/coinbase-review-uk), market capitalization, and other critical data of various cryptocurrencies. 

The platform offers a user-friendly and intuitive interface that allows users to explore a variety of features, including the coin page, which provides detailed information about individual cryptocurrencies; the price chart, which displays price trends over time; and the market capitalization feature, which shows the total value of a particular cryptocurrency. With its robust features, this is an essential tool for anyone looking to stay current on cryptocurrency. 

## Analyzing data from Coin MarketCap 

As the cryptocurrency market fluctuates, making informed investment decisions is more important than ever. By analyzing data from reputable sources such as Coin MarketCap, investors can gain valuable insights into market trends and make more strategic investments. 

This requires professionalism and attention to detail when sifting through large amounts of data, but the potential rewards can be significant. 

With the correct information, investors can capitalize on emerging trends and avoid costly mistakes. Whether you're experienced or just starting, a professional approach to cryptocurrency investing can help you achieve your financial goals. 

## Comparison with other platforms 

When comparing cryptocurrency platforms, Coin MarketCap stands out as a reliable reference point for investors in the digital currency market. It provides an updated real-time overview of the top cryptocurrencies, their prices, and market trends. 

However, many other platforms have emerged, offering various services and investment opportunities. While some cater to novice traders, others target experienced investors with advanced trading tools and strategies. 

Therefore, before selecting a platform, investors must consider the features and services and determine which suits their investment goals and strategies. 

## The benefits of using Coin MarketCap 

Coin MarketCap is a valuable tool for crypto traders who want to stay ahead. With real-time pricing, market capitalizations, and historical data, Coin MarketCap provides a comprehensive overview of the crypto market. 

This information helps traders make informed investment decisions and reduces trading risks. The platform offers a wealth of resources, such as educational articles and market analysis, to support traders in their journey. 

Overall, it is a must-use tool for any serious crypto trader looking to maximize their profits. 

Several helpful analytics pages allow users to measure various aspects of cryptocurrency performance. Additionally, Coin MarketCap is free to use and enables users to compare. Mastering the basics of using the platform can help crypto traders understand the market better and better prepare themselves for success in their trading endeavours. 

coin marketcap logo on blue image of stock graph

An in-depth analysis of Coin MarketCap 

Formerly known as OKEX, [OKX](https://www.okx.com/) is a leading cryptocurrency exchange known for its exceptional services and low fees. It rebranded to OKX exchange in 2022. 

Launched in 2017, OKX exchange is one of the oldest cryptocurrency exchanges. Over the years, it has grown its user base to more than 50 million global users (according to its site) in more than 100 countries. It, however, does not operate in the US and therefore does not accept users from the country. 

## Pros and Cons 

### Pros 
- Low trading fees 
- Accepts multiple payment methods, including using a card and bank account. 
- Supports more than 350 cryptocurrencies and 500 trading pairs. 
- Highly secure and easy to use. 

### Cons 
- Not available to users in the US. 
- Low liquidity for some currencies. 

## Services 

OKX exchange offers a place where users can do more than buy, sell, and trade cryptocurrencies. Its other services include; 

- [Earn](https://www.okx.com/earn): The service allows users to generate passive income from their digital assets through multiple investment options, including Simple Earn, Loan, and On-Chain Earn. On-Chain Earn, for example, allows you to participate in on-chain earning opportunities like Proof of Stake (PoS) staking and Defi protocols. 
- [Wallet](https://www.okx.com/web3): A highly secure non-custodial decentralized Web3 wallet that allows users to transfer assets, swap cryptocurrencies, trade NFTs, earn yields, and more. It supports more than 50 decentralized networks, including major blockchains like Bitcoin, Ethereum, BNB Chain, Solana, and Polygon. 
- Jumpstart: A platform that helps new projects to launch and grow their communities. It offers users easy and early access to new and highly cryptocurrency projects, allowing them to invest in new crypto by staking their OKB tokens. OKB tokens are the native tokens of OKX. 
- [NFT Marketplace](https://www.okx.com/web3/nft): A place where users can create, collect, and trade NFTs across different blockchains and platforms, including Ethereum, Solana, Polygon, BNB chain, and Avalanche C. 

The OKX exchange also offers crypto-collateralized loans and allows users to connect trading platforms like TradingView. Furthermore, it has a native blockchain where builders and developers can build and deploy decentralized applications (DApps) and use infrastructure like OKX Oracle. 

## Supported cryptocurrencies 

OKX exchange supports more than 350 cryptocurrencies. Listed cryptocurrencies include Bitcoin, Ethereum, Solana, OKB, Terra, TRON, [Polygon,](/coins/matic) Dogecoin, Shibu Inu, Polkadot, Avalanche, and XRP. 

Security 

The exchange operates a secure hot and cold wallet security procedure. 95% of its funds are stored offline. It uses a robust cold wallet storage system that operates on at least two authorized personnel to access. 

The remaining 5% of funds are stored in hot environments to meet the demand for quick withdrawals and deposits. 

User security is enhanced with two-factor authentication for phone app users and an anti-phishing code that helps users quickly recognize emails sent from the exchange. 

It is worth noting that since it came into operation, OKX has not suffered any security hack. The exchange stands out with its security protocols. 

## Trading on the OKX exchange 

The platform caters to all levels of traders, beginners and advanced. It allows crypto-to-crypto trading and fiat-to-crypto trading. 

Traders can participate in crypto-to-crypto trading by first funding their trading accounts on the exchange. To fund your account, you will first need to create a user account. 

The process is straightforward. Click the Sign Up tab on the exchange's official site and fill in the required information. 

After registering, you will receive a code in the email that you will need to use to confirm your registration. 

OKX is one of a few exchanges that allow users to operate with KYC unverified accounts. There are, however, limitations to using KYC unverified accounts on the platform. 

After creating your account, you can fund it with crypto or fiat. The platform allows users to fund their accounts with fiat through bank wire, bank transfers, debit or credit card, ApplePay, SEPA, Advcash, or iDEAL. Users can also transfer crypto from other exchanges. 

Although [OKX](/news/article/okx-partners-manchester-city) supports trading with fiat and crypto, it only allows cryptocurrencies to deposit funds into a trader's account. Once the account is funded, you can begin to trade. 

The platform allows multiple trading options like spot, margin, futures, and perpetual swaps. Each option has its own platform. 

To trade Futures, for example, you must first activate your futures account. The process will require you to complete a few questions to ensure you know how to trade futures. With your futures account set up and funded, you can start to trade. 

## Fees 

The platform’s trading fees vary depending on if you are a regular or VIP user. 

Regular users are classified into tiers based on their total OKB holdings. VIP users are classified by 30-day trading volumes and daily asset balances. 

Fees also vary based on regular users' tier level and VIP level. They, again, vary based on the instruments you trade. 

For example, the spot trading taker fee for a level 1 regular user is 0.100%, while the maker fee is 0.80%. A level 1 regular user holds less than 500 OKB tokens. The spot trading taker fee of a tier 1 VIP is 0.080%, while the maker fee is 0.060%. 

Maker and taker fees are two trading fees charged by most crypto exchanges. Exchanges that do not charge maker and taker fees charge flat fees. 

Compared to other crypto exchanges, [OKX fees](https://www.okx.com/fees) are quite low, making it one of the best fee-friendly crypto exchanges. 

## Conclusion 

OKX exchange stands out as one of the best cryptocurrency exchanges in the market. It is highly secure, easy to use, has low fees, supports plenty of cryptocurrencies, and caters to traders of all levels. 

It has enough trading tools to help anyone transition into crypto trading effortlessly. 

The exchange offers more than a place where users can buy, sell, and trade crypto. The platform is looking to dominate all sectors of the decentralized space, including the NFT and Defi space. 

OKX Exchange Review

Keeping track of numerous coins and their market price can become overwhelming as the crypto industry continues to expand and diversify. That's where WorldCoinIndex comes in. 

Listing more than 1,500 cryptocurrencies, [WorldCoinIndex allows individuals to compare different coins](https://www.crunchbase.com/organization/worldcoinindex) while being connected to over 100 cryptocurrency exchanges and 7,000-plus cryptocurrency markets. 

In addition to price information, this platform supports quick access to key information on particular cryptocurrencies, like their website, block explorer, forum, Twitter, and Reddit feeds. 

## Tracking cryptocurrency with WorldCoinIndex 

At WorldCoinIndex, users can view the most up-to-date and accurate data on cryptocurrency prices and market capitalization statistics. 

The platform's graphical charting system provides real-time rate tracking and market analysis. Also, the easy-to-use interface makes it simple to search for a specific coin, navigate through the marketplace, and assess market trends that align with the current market demand. 

Furthermore, [WorldCoinIndex offers features](https://www.worldcoinindex.com/) like the Portfolio Tracker, that enables users to add a cryptocurrency or ICO investment portfolio to be viewed at a glance. This tool provides a comprehensive portfolio breakdown, including the percentage of your investments in each coin. You can keep track of your coin's price movements within a specified period. 

The WorldCoinIndex platform also includes an ICO Calendar, which shows the dates of upcoming Initial Coin Offerings. You will receive a notice of the date and the target fundraising amount. 

Users can also access information on newly released coins, coin summaries, a cryptocurrency calculator, and the best cryptocurrency apps. 

One powerful advantage of the platform is its customizability; users can configure personal notifications to specific events, including significant market changes, price increases, and news. 

They can also filter and sort data by variables like the price, circulating supply, trading volume, and market cap, marking the platform a comprehensive cryptocurrency gateway. 

The platform stands out from cryptocurrency competitors by providing up-to-date market analysis, real-time rate tracking, comprehensive coin data, a customizable interface, and an easy-to-use system that [makes cryptocurrency investments simple](/news/article/what-is-market-cap-in-crypto). 

WorldCoinIndex takes a step further from merely providing market prices. It also includes news articles regarding cryptocurrency, predictions, and analysis of the cryptocurrency markets. With WorldCoinIndex, cryptocurrency investors can quickly discover and monitor investments and ICO opportunities. 

worldcoinindex logo over image of man trading

WorldCoinIndex: The comprehensive crypto platform 

As cryptocurrency becomes increasingly significant in the financial world, it's essential to have trading platforms that prioritize fairness, governance, and innovation. EQONEX, a cryptocurrency exchange that is part of the EQONEX Group, is the first Nasdaq-listed company focusing on crypto. 

EQONEX aims to tackle some[ problems plaguing cryptocurrency exchanges](https://twitter.com/eqonex?lang=en), such as high fees, opaque pricing, and security concerns. By prioritizing fairness, governance, and innovation, the platform is positioning itself to be a leading player in cryptocurrency trading. 

## EQONEX's solution to cryptocurrency trading woes 

Fairness: One of the main problems with many cryptocurrency exchanges is that they lack transparency and fairness. Many exchanges charge high fees, making trading unaffordable for regular investors. The exchange solves this problem by using a maker-taker fee structure. 

This structure rewards traders who provide liquidity to the order book with lower fees. Traders who take liquidity pay higher fees. EQONEX also uses a price-time priority system to prevent market manipulation and ensure that all traders have an equal chance of executing their orders. 

Governance: Another key issue in cryptocurrency trading is governance. Many exchanges lack oversight, making them vulnerable to hacks and fraud. The platform has taken steps to ensure that it operates transparently, securely, and compliant. 

For instance, it has a robust Know Your Customer (KYC) policy, which requires all traders to complete an identity verification process. EQONEX also uses a third-party custodian to hold users' funds, providing an extra security layer. Finally, it is committed to complying with relevant regulations and laws, including anti-money laundering (AML) and counter-terrorism financing (CTF) laws. 

Innovation: Cryptocurrency is a rapidly evolving field, and trading platforms must stay ahead of the curve. EQONEX has several innovative features that set it apart from other exchanges. For example, it offers a unique perpetual futures contract, called the EQO perpetual, which allows traders to take positions on the price of Bitcoin without worrying about the contract expiring. 

The platform also offers a sophisticated matching engine, which can handle one million transactions per second. This speed and efficiency allow traders to execute their orders quickly and accurately. 

EQONEX is an exciting development in the [world of cryptocurrency trading](/news/article/coinbase-review-uk). By prioritizing fairness, governance, and innovation, it's positioned to become a leading player. 

eqonex logo on blue image of person holding cryptocurrency

EQONEX: Fairness, governance, and innovation in crypto? 