Blockonomics

Blockonomics has gradually become synonymous with the use of [cryptocurrencies](/news/article/impact-of-cryptocurrency-on-society) in electronic commerce (e-commerce) stores. Millions of people in today's world are open to the use of cryptocurrencies due to the possibilities of their underlying infrastructure in the form of blockchain technology. Unfortunately, many mainstream companies have yet to welcome the potential of cryptocurrencies, continuing to see cracks in the emerging asset class. 

To those still skeptical about e-commerce companies that support cryptocurrencies, Blockonomics has entered the crypto finance industry. It has the essential features to make decentralized finance transactions relatively easier for businesses and their customers.

## Blockonomics explained

As a Bitcoin payment service, [Blockonomics](https://www.blockonomics.co/merchants#/) enables its users to use its tools to accept and track Bitcoin payments. The service was launched in December 2014 when its Bitcoin wallet watcher was made available to the Bitcoin Talk Community.

Due to the project's uniqueness, around 5,000 people became registered users of the platform in January 2017. To bring mileage to the project, Blockonomics co-sponsored WordCamp Prague 2020 and saw more than 4,000 active WordPress installations. After overcoming the bears brought forth by the pandemic, which led the financial markets to their knees, the organization announced PrestaShop, an open-source e-commerce platform, as its official partner in April 2021. In July 2022, when the crypto market was healing from the bloodbath created by the collapse of the Terra ecosystem, Blockonomics became the most rated and used Bitcoin WHMCS plugin.  

The company is attuned to the current developments in the job environment and has a fully remote team distributed across several locations in Asia, Europe, and North America. 

As a payment gateway, Blockonomics has the necessary plugins that could be employed by online merchants that want to activate Bitcoin payments on their websites. Online merchants that settle on Blockonomics will see payments go directly to their wallets.

Due to the company's strong belief in decentralization, it has freed its clients from the essential element in centralized finance called Know Your Customer (KYC). The firm does not demand any documents from its customers, since the essence of blockchain technology, cryptocurrency, and Web3 is to decentralize all aspects of our lives. With no document reviews, online merchants set up accounts in less than five minutes using the company's technology.

Merchants can accept Bitcoin by connecting their accounts to popular e-commerce services such as Easy Digital Downloads, Prestashop, Opencart, Squarespace, Shopify, WordPress, WIX, and WHMCS. 

According to the official website of Blockonomics, payment links can be shared through email, social networks, and instant messaging to receive payment in Bitcoin. In addition, payment buttons can also be embedded on custom websites. 

## Does Blockonomics accept other cryptocurrencies?

Aside from the largest cryptocurrency exchange by trading volume in the form of BTC, the firm allows merchants to accept Bitcoin Cash (BCH). BCH is the native asset of Bitcoin Cash, a blockchain forked out of the original Bitcoin blockchain. BCH is primarily seen as the digital asset that performs the transactional attributes of [Bitcoin](/news/article/bitcoin-prime-review), while BTC is seen by many as a store of value. 

BCH remains a top 30 digital asset by market value despite shedding more than 90% of its all-time high (ATH) of [$4,355.62](https://coinmarketcap.com/currencies/bitcoin-cash/) in December 2017. Many people may ask why BCH was chosen ahead of others, such as Ethereum, and it's because BCH processes more transactions than BTC and ETH. ETH will be processing more transactions when its Proof-of-Stake (PoS) transition reaches full functionality. Also, BCH has a relatively lower processing (transaction) fee.

To contribute to the mission of Satoshi Nakamoto in reducing the reliance on centralized finance, Blockonomics does not charge fees for the first 20 payments received by merchants. After the 20th payment clears, the Bitcoin payment gateway charges a 1% fee for each transaction.

## Are there alternatives to Blockonomics? 

Like every product in the market today, this service has many competitors. Among them, Coinbase Commerce by Coinbase Global Inc., which runs the largest cryptocurrency exchange by trading volume in the US, is one of the biggest competitors.

This is because Coinbase Commerce is backed by a crypto exchange that houses many cryptocurrencies, giving customers options in crypto assets from which to choose. Aside from Coinbase, other alternatives include, but are not limited to, UberPay Multicoin Wallet, CoinGate, Coinomi, Mycelium Gear, Cryptopay, GoUril.io, GoCoin, OpenNode, Paytomat wallet, Plisio, Stampery, Flyp.me, Bitcompare, B2BinPay, CoinRemitter, PrivacyGate, WAGSI, Binocs, Payid19, Sendfy, and Confirmo. 

## Conclusion

Although Blockonomics may not be the best Bitcoin payment gateway in the current crypto environment, where more projects are added to the industry daily, it is one of the top gateways.

Online merchants do not have to deal with any middlemen, and there are no rules, regulations, or compliance requirements. Aside from that, even novice merchants can set up an account within minutes. The service also supports most wallets that can facilitate access to the Bitcoin network and store [BTC](/coins/btc), such as Ledger, Trezor, and Exodus.

Blockonomics operates within areas where malicious programs continue to prey on vulnerable applications. As a result, the company has the necessary security encryptions to safeguard the safety of transactions.


Blockonomics Explained

[FXPro CopyTrade](https://fxprocopytrade.com/) is one of the most reliable platforms for Forex trading in the United Kingdom, according to FXPro review articles. It offers unique investment instruments like CFD and spread betting, making trade more accessible for everyone. 

The platform extends its services for digital assets as well. It is the reason it has also gained popularity among [crypto investors](/news/tag/investing-tag). With its variety of financial products and support for numerous cryptocurrencies, it promises to be a complete platform. 

If you are unsure whether this crypto broker would be an ideal choice in the UK, read this FXPro [review](/news/tag/reviews). Here we have discussed its strong points and some trade-offs to help you make an informed decision. 

## FXPro review: The upsides of using the platform

1.	It is an FCA-approved broker

[Crypto regulations](/news/article/uk-crypto-license) in the UK are pretty strict for virtual asset service providers. Even so, FXPro has secured the approval of Britain’s regulatory authority. The Financial Conduct Authority ([FCA](https://www.fca.org.uk/)) has authorised a subsidiary of this platform known as FXPro UK Ltd. This ensures crypto traders the security of their funds. 

Meanwhile, the broker is also part of the Financial Services Compensation Scheme ([FSCS](https://www.fscs.org.uk/)). This allows traders to get compensation in case the platform goes bankrupt. 

Moreover, it has the authorisation of the regulators of the Republic of Cyprus, CySEC. Other regulators with which it is registered are [SCB](https://www.sc.com/) and [FSCA](https://www.fsca.co.za/Pages/Default.aspx). Besides, it has earned [several awards](https://www.fxpro.com/awards) for its transparency and performance, which speaks for its credibility. 

2.	Account choices

On this brokerage, you will find four major options for your account. It can support accounts of the following automated trading platforms:

•	MetaTrader 4.

•	MetaTrader 5.

•	cTrader.

•	ProEdge.

On these platforms, you can enjoy spread betting and contract for difference (CFD). The least amount you can deposit in these accounts is $100. Meanwhile, the tightest spread is available on cTrader. However, you have to pay an additional fee of $9 per lot. In comparison, other platforms include the trading costs within the spreads.  

3.	Payment options and supported currencies

FXPro also offers you plenty of payment options, which allow easy deposits and withdrawals. It ensures that the deposits are swift and instant via most options. However, bank transfers may take longer processing time. For withdrawals, it usually takes one day. But there might be delays in payment reaching your account. 

## The available payment options are: 

•	Bank transfer.

•	Paypal.

•	Visa.
	
•	Skrill.

•	Mastercard.

•	Neteller.

•	Unionpay.
	 
You can also deal with up to eight fiat currencies on these platforms, including USD, GBP, EUR, JPY, AUD, ZAR, CHF, and PLN. Other than [Mastercard](/news/article/crypto-trading-services-mastercard), all other options support all eight currencies. The withdrawal fees range for most of these payment methods is 2% to 2.6%. Besides, the platform supports more than 30 cryptocurrencies, on which you can gain a 2:1 leverage.

4.	Trading tools

The brokerage also offers a suite packed with various helpful trading tools. Firstly, there is a Trading Central through which you can get in-depth technical analysis. Its professional guidance can help you gain better knowledge of the trends and put you in a position to make better profits. 

Secondly, there is an economic calendar through which you can schedule trades, mark important events, and forecast. Apart from that, there is a virtual private server (VPS) and trading calculator to estimate your gains and losses. 
However, it is quite limited compared to some of the top-rated brokers like [eToro](/news/article/etoro-uk-review), PepperStone, or AvaTrade. 

5.	Ease of use and interactivity

An FXPro review also shows that it is an easy-to-operate platform, allowing its clients convenience. You can manage its accounts either online, on your desktop, or on your smartphone. So, you can carry on with your trades without any limitations.

The ProEdge app is particularly impressive in this regard. It offers various CFD asset classes, more than 50 indicators, charts, and other widgets. Also, you can choose from six types of charts along with some level of layout customisability.

6.	Beginner-friendly platform

You can easily get started with this broker if you are a beginner. It offers a demo account, allowing beginners to understand the working of its tools. Also, you can learn to make actual trades. Besides, there is appropriate guidance on FXPro CopyTrader. It has introductory courses for understanding the concepts of spread betting and CFD. 

Additionally, there is customer support available in multiple languages. You can ask your queries via a toll-free number if you are from the UK, Germany, UAE, Russia, or France. Support is accessible from Monday to Friday throughout the day. 

## FXPro review: The drawbacks

Below are a few drawbacks we found while doing the FXPro review.

1.	Trading fees

Its trading fee is one of the most significant trade-offs. The deposit and withdrawal fees on FXPro CopyTrade are comparatively higher than other brokerages. The fee on deposits usually depends on the platform the sender uses. It is the same for withdrawals too. 

However, some payment options like Skrill and Neteller may charge an additional fee of up to 2.6%. According to the criteria, if you have not traded before requesting the withdrawal, you will be charged 2% on Neteller and 2.6% on Skrill.

2.	No crypto CFD trades for UK retail clients

Another drawback of the FXPro is the lack of support for trading cryptocurrency CFDs in the UK. Currently, it does not extend support for CFD trading for UK retail customers. 

3.	Lack of advanced educational material

It is a beginner-friendly platform that offers good basics of trading. But it does not provide advanced content to help the traders grow. There are no blogs or other educational sources which explain the concepts of CFD and forex. 

## FXPro review: Final verdict

Our review of the FXPro found that it is indeed one of the most credible brokers in the UK. It has secured the approval of several regulators, including the [FCA](/news/article/cryptocurrency-investment-uk). Meanwhile, it offers a range of financial products, analytical tools, and account choices which gives it an edge. However, its trading fee is comparatively higher and does not allow UK retailers to make CFD trades.



FXPro Review - UK Crypto Broker

Are you a hardcore crypto believer or a greenhorn getting your feet wet in Web3? Regardless of what stage you are on your blockchain journey, sooner or later you'll create and receive value in the form of cryptocurrency. When you do, you'll [need a wallet to store them](/news/article/crypto-wallet-multiple-currencies), and Trezor is an option.

In this article, we'll examine three reasons to go for the [Trezor Wallet](https://trezor.io/).

•	Security

•	Anonymity

•	User experience

## Security

When it comes to security, there are no 100% guarantees, but the Trezor team pushes the boundaries towards perfection with the procedures and features they have in place to protect the assets of their customers.

One feature that comes to mind would be the capability of on-device interactions like passphrase and PIN. With the Trezor Model T's touchscreen display, the above on-device interactions increase the security of your assets when your wallet is connected to another device. It's got great cryptography courtesy of features such as SLIP-39 Shamir on the Model T and BIP-39 passphrase.

## Anonymity

You can always go one step further in securing your crypto assets with Trezor wallets. It's one thing to have the technical ability to wade off hackers, but what if you hide your stash so they don't even know what to look for?

Switching to a Tor browser for your Trezor wallet can protect two vital pieces of data about you. They're your IP address and extended public key (xpub). Your IP address reveals your ISP and country, while your xpub data shows how many coins are stored in your wallet. If hackers get their hands on such an IP address, they'll try to find funds associated with it.

And no one wants criminals selling such information on the black market or going for your physical address. Using a Tor browser severs the public link with your Trezor xpub so that even if the Trezor database is hacked, they won't get to your IP address.

## User Experience

With Trezor, you get seamless onboarding regardless of your experience with Web3. Once you get your hardware, Model T or Trezor One, download the Trezor suite and install it. In just a few minutes, you'll be through with the entire setup.

Onboarding aside, your day-to-day use of your Trezor wallet is made easy with the touchscreen display. It's an OLED display with 128×64 pixels for the Trezor One and a 240×240 pixel LCD for the Trezor Model T. 

Regardless of your choice, the displays are easy to read and interact with because they emit vibrant colors and show legible text. Despite the small screens, accessing information through clicking and reading is near error-free.

## Wrapping Up

With the recent events unfolding in the crypto industry, it's important to have a secure place to keep your cryptocurrencies. All that chaos with crypto platforms like the [liquidity crunch at FTX](https://techcrunch-com.cdn.ampproject.org/v/s/techcrunch.com/2022/11/08/binance-signs-letter-of-intent-to-acquire-ftx/amp/?amp_gsa=1&amp_js_v=a9&usqp=mq331AQKKAFQArABIIACAw%3D%3D#amp_tf=From%20%251%24s&aoh=16679837828856&referrer=https%3A%2F%2Fwww.google.com&ampshare=https%3A%2F%2Ftechcrunch.com%2F2022%2F11%2F08%2Fbinance-signs-letter-of-intent-to-acquire-ftx%2F) and, formerly, hardcore [Dogecoin](/coins/doge) speculators suing [Elon Musk lends credit to the skepticism of Bill Gates](https://news.sky.com/story/elon-musk-sued-for-258bn-over-claims-he-ran-a-pyramid-scheme-to-promote-dogecoin-12635334).


Why Consider a Trezor Wallet?

[Bitcoin Prime](https://www.business2community.com/cryptocurrency/bitcoin-robots/bitcoin-prime-review) is a cryptocurrency bot. It is a trading service that automatically analyses the cryptocurrency markets for trading opportunities. Read on for a Bitcoin Prime review.

Bitcoin Prime executes trades on users' behalf when it discovers potentially profitable situations. According to the website, up to 90% of their deals are profitable under favourable market circumstances. 

The platform's performance is shown by its AI system, which detects and responds to price trends. While it does not disclose the intricacies of its algorithm, it searches for many of the tried and proven technical patterns that traders worldwide use to earn money.

It is available for free. All users need to begin is a $250 down payment. The platform generates revenue by charging a 2% fee on successful accounts. However, investors will not pay a commission until their trading account earns money.

## Bitcoin Prime review - How the platform works 

The [platform](https://bitcoinprimeapp.com/) monitors price changes in 14 major cryptocurrencies, including Bitcoin, BTC Cash, Ethereum, Litecoin, Bitcoin Gold, ZCash, Dash, Ethereum Classic, [Cardano](/news/article/cardano-hard-fork), IOTA, EOS, NEO, Binance Coin, and Ripple.
 
Bitcoin Prime initiates a transaction when the algorithm identifies a price pattern. Furthermore, it will place an order in the user's [brokerage](/news/article/genesis-crypto-claim) account and track the deal as it progresses. When the time comes to close the position, it will issue the order, and all money, including any gains, will be refunded to their account (minus a 2% commission for profitable accounts). The algorithm also learns from successful and unsuccessful transactions to trade more consistently and successfully in the future.

[Bitcoin](/news/article/bitcoin-dropping-price-us-news) Prime promises to be open for business every hour of every day. While trading on the system requires little effort, users need to tweak the algorithm's settings to be effective in different market circumstances. One of the good features of the platform is that it offers a plethora of instructional resources and a sample account to allow you to understand how the algorithm works.

Most importantly, investors' monies are in third-party broker accounts. It can issue trading orders using the funds in your account but cannot directly access your cash. Because only you have access to your money, this might give some security when utilising this service. Users can withdraw funds at any moment and receive a payment within a few hours. 

## Bitcoin Prime - Is it worth the investment?

Bitcoin Prime is legitimate and has received positive feedback from sites such as Trustpilot and testimonials.

However, we highly advise potential investors to do their homework and weigh the possible hazards before joining up and depositing money into the platform.


Bitcoin Prime Review - Fraud or Legit?

Biticodes is a crypto trading bot marketed as the most accurate AI auto-trading software in the crypto industry. Its site further states that it is designed to give users the best trading experience and apply the most sophisticated trading strategies.

Is all this just marketing lingo, or does the bot deliver?

## How it works

[Biticodes](https://biticodes.com/) uses high-speed artificial intelligence algorithms to look for trading opportunities and place trades on behalf of users. Users only have to monitor its performance once in a while to ensure everything is working well.

It is also not entirely autonomous. Biticodes can be customized to a user's needs. It can, for example, be tweaked to trade based on a trader's strategy and risk tolerance.

## Key features

There are a few notable features that enable the Biticodes bot to stand out.

•	Speed: It is powered by the Biticodes quantum machine designed to make quicker and more efficient trading decisions. It is faster than any human trader.

•	Multi-asset platform: Users can trade many digital assets, including the most popular cryptocurrencies like Bitcoin, [Ethereum](/coins/eth), Solana, Cardano, and XRP.

•	Demo account: There is a demo account for investors who wish to test its capabilities before committing any funds.

•	Personal account manager: Each user, after registration, gets a dedicated personal account manager to help with any inquiries or when they get stuck.

It also features high security, advanced risk management tools, and 24/7 customer support.  

Users must part with a minimum of $250 to access the platform. There aren’t any other charges. Members can withdraw funds at any time. There are many withdrawal options.

According to its site, it is compatible with all devices, including desktops, mobile, and tablets.

## Is it a scam or a legit bot?

There are many things to like about Biticodes. However, there are a few things that raise concerns about its legitimacy. Some of them include;

## The promise of high returns

According to its site, it claims 96% proven accuracy. Also, 94% of its users have seen instant profits. Users see a profit of $500 to $1,500 daily, depending on how much time they spend on their accounts. Its claimed high success rate is a red flag.

The crypto market does not guarantee any returns, let alone high returns. The market is highly volatile, making it highly unpredictable.

## Questionable legitimacy

Most of the articles that review the platform question its legitimacy. There are a few positive reviews on its site, but some reviewers have quickly pointed out that they may be fake. The platform is best approached with a lot of caution.

## Final word

Biticodes appears to be a good crypto trading bot, considering all it offers. However, its exaggerated high success rate and proven rate of accuracy are things about which to worry. The platform requires extensive research before considering using it. Its demo account should be the first destination for anyone who wants to test its capabilities without spending any money.



Biticodes Review: Legit or Scam?

Among 500 registered crypto exchanges globally, [Bitforex](https://www.bitforex.com/) is one of the best known for its customer experience.

Along with a wide range of trading tools like spot, margin and future trading, BitForex Earn, [NFT marketplace](/news/article/solanart-nft-marketplace), and Crypto Loans, the exchange has very low fees, high liquidity, and multiple layers of security.

It launched in 2017 and has more than six million users across 200 nations. The exchange even helps new projects to gain exposure. Recently, it became the first crypto exchange to [support IOTA's Shimmer Network Token](https://www.newsfilecorp.com/release/139998/BitForex-Becomes-the-First-Exchange-to-Support-IOTAs-Shimmer-Network-Token).

## Who runs Bitforex crypto exchange?

With its head office in Hong Kong, [Bitforex](https://www.bitforex.com/) is led by Jason Luo and is becoming one of the fastest-growing crypto exchanges due to its high security and variety of trading tools. The exchange provides token and margin trading, BitForex Earn, NFT marketplace, and futures contracts with leverage up to 100x.

The crypto exchange raised more than $20 million in the funding round from famous VCs like Crypto Capital, TRON, Genesis Capital, and Block VC.

## Geographical presence

Registered in the Republic of Seychelles, the exchange is maintained and run by an international team who resides in different corners of the world, such as Germany, Singapore, Malaysia, Estonia, and the Philippines.

## Features of this crypto exchange

•	Deposit: The users can deposit funds into their Bitforex account using multiple methods such as Wire transfers, cryptos from other exchanges, credit and debit cards, cash, and bank account transfer.

•	Web presence: The platform can be accessed via the web and mobile app on Android and iOs.

•	Even the mobile web version of this exchange is user-friendly.

•	The trading system is capable of handling more than 1.6 million trading orders per second.

•	Bitforex has 163 listed major cryptocurrencies in 360 trading pairs.

•	It gives its users a vast variety of virtual assets to trade, such as the assets with top market cap, DeFi tokens, NFT coins, [meme tokens](/news/article/meme-coin-invest), etc.

•	It does not charge any deposit fee and the withdrawal fee depends on the network.

•	Bitforex also has a decentralized token mechanism for ERC-20 tokens known as EasySwap, which has no gas fee, very low slippage cost, and offers more than 980 ERC-20 tokens for trading.

## Are funds safe?

The team at Bitforex is concerned about the security of their user's funds, hence they have the following security features.

•	Only 0.5% of the total funds are kept in hot wallets to ensure easy withdrawals and security.

•	The exchange has multi-factor authentications like 2FA, SMS verification, and insurance security coverage to safeguard the funds.

•	To add further protection for the safety of its user's funds, the exchange keeps 98% of the funds in different multi-sign offline cold wallets across various locations.

## Final word

There is no surprise, given how interactive and innovative the platform is with the wide selection of products, that BitForex appears all around a good platform despite being a newcomer to the cryptocurrency exchange market.



What is Bitforex Crypto Exchange?

This [Gemini](https://www.gemini.com/) crypto review will look at a regulated cryptocurrency trading platform, wallet, and custodian that makes buying bitcoin, ether, and other cryptocurrencies simple and secure.

Created by Cameron and Tyler Winklevoss, the platform is among the most popular exchanges. The most significant advantage is its security - all funds are stored in cold storage, and two-factor authentication is required for all transactions.

A Gemini crypto review shows that the exchange makes it easy to buy cryptocurrencies with a bank account or debit card. It is also possible on this platform for you to trade cryptocurrencies.

[The exchange](https://www.gemini.com/) offers a tier-based service with distinct interfaces and fee structures for casual investors and experienced traders.

It has its currency, the Gemini dollar, a mobile app, and a payment app. The Gemini dollar, unlike most cryptocurrencies, is a "stablecoin" tied to the US dollar.

## Gemini crypto services

Gemini offers a variety of services apart from trading cryptos. The primary services provided are:
Gemini Exchange: Here, you can buy, sell, and store cryptocurrencies.

Gemini Earn: This is a lending service where you can lend your crypto to institutional borrowers to earn interest. With this, you can get up to 8.05% interest on your cryptocurrencies. This is available only in the US, Singapore, and Hong Kong.

[Gemini Credit Card](https://www.gemini.com/credit-card): It is possible to receive up to 3% rewards in crypto on your purchases using this card. This card is available only in the US.

The platform also includes more advanced services like an active trader, staking, Gemini dollar, Gemini Custody, Gemini Clearing, and Gemini Wallet.

## How to use Gemini

Continuing our Gemini crypto review, we look at the mobile app and [website](https://www.gemini.com/). These are the two main places where you can buy and sell cryptocurrency on this exchange platform.

The steps to buying cryptocurrencies on the exchange are: 

### Firstly, create an account on the exchange platform.

To buy cryptocurrency, you'll need to fund your account after you've opened one and been verified. You can add funds to your account in various ways, including a debit card, a wire or bank transfer, and Apple Pay or Google Pay. After you've verified your account and linked a funding source, you'll be able to start buying cryptocurrency on the website in just a few steps.

Choose the cryptocurrency you want to purchase. After logging into the [Gemini website](https://www.gemini.com/), you'll be taken to the homepage. Navigate to the ‘Market’ tab to browse the 70+ cryptocurrencies available for purchase and sale. Choose ‘view details’ on the cryptocurrency you want to purchase.

Make your order. When you get to the page of the cryptocurrency you want to buy, you'll see much information about it. Begin filling out the fields under 'Make a Trade' on the right-side panel of the page. 

Determine whether you want to place a one-time or recurring order and how much you want to purchase. You may, depending on your jurisdiction, be able to immediately transfer crypto you purchase directly into Gemini Earn by toggling 'Transfer to Earn' if the crypto is supported in Earn.

### Select a payment method.

### Double-check your order and click Confirm.

Choose one from the Market tab or your portfolio to sell your cryptocurrency on the exchange website. When you're on the price page for a cryptocurrency, you can toggle the sell order type on the right-side panel, enter the amount you want to sell, and click confirm.

## Gemini [trading charges](https://www.gemini.com/fees)

When you buy or sell crypto on Gemini, you'll be charged convenience and transaction fees. These fees apply whether you purchase through Gemini's online store or the mobile app. Both will be displayed as your "quoted price" before you complete your purchase.

## Convenience fee

The convenience fee for a given trade is approximately 0.5% of the Gemini market price. However, this can vary depending on the market. This fee is also reflected in the cryptocurrency you purchase. For example, if bitcoin (BTC) currently trades at $30,000 per unit, you'd pay $30,150 for one, including the fee.

## Transaction fee

A transaction fee based on your trade payment will be added to the convenience fee. This fee is standard for crypto conversions, such as trading bitcoin for [litecoin](/news/article/litecoin-price-gbp). The fee for buying and selling cryptocurrency varies depending on the currency used. It ranges from a flat fee for less pricey orders to a percentage of more expensive transactions.

## Pros and Cons

### Pros

More than 60 countries have access to the platform. It is also available to users in all 50 states and the District of Columbia.

### Cons

Gemini charges relatively high fees in comparison to its competitors. Some investors may be confused by the platform's layered fee structure, and high prices can reduce investors' returns.

## Security features and safety

Unlike money in a bank account, money in cryptocurrency is not FDIC-insured. However, [Gemini](/news/article/gemini-crypto-exchange) protects users' digital assets with multi-layered security measures highlighted on its website.

According to the exchange, the "majority" of your cryptocurrency is stored in an offline, cold storage system - the safest way to safeguard cryptocurrency from hackers. However, a small portion is kept in an online hot [wallet](/news/article/best-crypto-wallet) protected from theft due to a security breach, hack, fraudulent transfer, or employee theft.

The policy does not protect against losses caused by unauthorised access to your account. Within Gemini, you can create a list of approved addresses that restricts who can withdraw from your account (along with other account security features like two-factor authentication). Still, if your identity is stolen or your password is compromised, you may be unable to recover any funds lost.

## Conclusion

Gemini crypto exchange is a regulated exchange platform, and that's a big plus. It means you can have greater faith that your funds are safe and secure. The exchange platform has more than 70 selections of cryptocurrencies. It is a solid choice for those looking for a safe and secure place to buy crypto or earn interest on their crypto investments.

Also, if you want a simple platform with a great mobile app for buying, storing, and selling cryptocurrencies, then the exchange could be the right place for you.



Gemini Crypto Review

[ByBit](https://www.bybit.com/en-US/) is a cryptocurrency exchange platform for derivatives established in 2018. By offering a reliable exchange service, ByBit has become one of the top three crypto exchanges in the world. It functions in most countries, except the UK and a few other locations where services are restricted:

-	Singapore.
-	Crimea.
-	Sudan.
-	United States. 
-	North Korea. 
-	Quebec (Canada). 
-	Mainland China. 
-	Cuba. 
-	Iran. 
-	Sevastopool.
-	Syria.
-	Luhansk.
-	Donetsk.

ByBit exchange provides a [wide range of services](https://www.bybit.com/en-us/promo/global/aboutus/), but what gives the platform an edge over competitors is the features. From having the largest transaction capacity, at 100,000 transactions per second, to providing a safe, risk-free environment for new traders, ByBit corners the market on developing helpful features.

Let's look at a few of them.

## Features of the ByBit Platform

### Security of Users Funds

ByBit ensures the security of funds by enabling the hierarchical deterministic (HD) cold wallet that provides a second layer of privacy and security for users' funds. The HD wallet changes receiving wallet addresses after use, thereby protecting the true value of the funds in the address.

### User-Friendly Platform

ByBit has an interactive and user-friendly platform that makes it easy for users to understand and navigate. This is especially important for beginners who aren't very familiar with the particulars of trading.

### Supports Multiple Currencies

ByBit users can withdraw, deposit, or open positions in multiple currencies – BTC, ETH, EOS, XRP, and USDT. Before using this feature, check for any added caveats. In addition, users can use the internal asset feature to convert from one cryptocurrency to the other.

### Anonymity

Unlike some other platforms, ByBit does not have any KYC requirements. You only need an email address and a phone number to open an account.

### Around-the-Clock Customer Service

24/7 customer service ensures that users can access timely help around the clock.
 
### 100x Leverage on Margin Trading

Bitcoin users on ByBit can get as much as 100x leverage on margin and futures trading. For other currencies, the leverage is 50x. A similar feature allows customers to insure against loss by taking out short-term loans.

## Pros of ByBit

The pros of using ByBit include the following:

•	Very low chances of server downtime. ByBit's system can process 100,000 transactions in a second.

•	24/7 customer service.

•	Offers 100x leverage for Bitcoin and 50x for other cryptocurrencies on margins and futures trading.

•	Affiliate reward program.

•	Easy-to-use platform.

## Cons of ByBit

•	No KYC means no ID verification.

•	Limited spot trading pairs.

•	There is no ByBit UK access.

## What happened to ByBit UK?

In the first quarter of 2021, the Financial Conduct Authority (FCA) in the UK banned the sale of derivatives citing [high risk](/news/article/fca-crypto-investments-risky) as the reason.

In response to this ban, ByBit UK [services](https://www.coindesk.com/markets/2021/03/05/bybit-to-suspend-services-for-uk-customers-after-fca-crypto-derivatives-ban/) were withdrawn. On 31 March, ByBit ended services for UK customers after sending out a missive asking them to close all open positions and withdraw their account balances.



ByBit UK; Features, Pros, and Cons

The cryptocurrency market is expanding, with various companies providing related financial products. In particular, automated [trading bots](/news/article/bitcoin-motion-trading-bot-scam) have gained much popularity. However, they are also one of the most significant sources of [crypto scams](/news/article/crypto-hacks-peaking-october). That’s why investors are always doubtful about trusting one with their assets, and rightly so.

One emerging name among the automated trading platforms is [Bitcoin Storm](https://bitcoin-storm.app/). Like many similar platforms, it also faces questions about its legitimacy. To answer these questions, here is a thorough review of the program.

## A quick overview of Bitcoin Storm

Bitcoin Storm is a crypto trading platform, similar to [eToro](/news/article/etoro-uk-review), that has eased the trading process for investors. It introduces an automated system to help you decide when to buy or sell crypto. In simpler words, it is an analytical bot that can read or predict market behaviour. 

Through its analytics, you do not have to constantly track the price charts and the news to make investment decisions. It also offers brokerage services. So, you can get [BTCs](/coins/btc) or altcoins at lower prices without requiring substantial upfront investments. And then, by leveraging its market analysis, you can sell them to earn profits.  

## What services and features does it offer?

1.   Automated market analytical tool
One of the platform's best services is providing crypto trading signals. It uses an automated market analytical tool built on advanced technology. It eases and assists the buying and selling decisions by offering deeper market analysis.
Based on these signals, you can also develop an investment strategy. It is also suited for all investors, whether experienced or novice.

2.    Multiple cryptocurrencies and payment options
Though its name might suggest that it only supports BTC, you will have numerous other options too. It is compatible with popular coins like [ETH](/coins/eth), [BNB](/news/article/bnb-chain-security-system), and others. It also allows multiple payment options. These include both credit/debit cards and bank transfers. 

3.    Instant registration
Instant registration is another feature of the platform. It only demands basic personal details such as your name, phone number, and email address. You must also provide your bank details, and you will be all set to use the platform. The entire procedure hardly takes 30 minutes.

4.     Affiliated brokers
Various regulated brokers are affiliated with this platform. They monitor the trade activities on the platform and ensure transparency.

5.     Efficient and low-cost trading
Where it makes crypto trades effortless, it also proves to be a low-cost and efficient option. It only charges 0.01% fees as commission. Additionally, there is no registration fee or other hidden charges. In fact, it is 0.01 sec faster than its counterparts.

## Is Bitcoin Storm legit?

This trading bot assists you in making trade decisions. It charges minimal fees and maintains transparency. Moreover, it offers an accuracy of 99.4%, which assures that it can be a trustworthy platform. The platform also has an award from the [US Trading Association](https://www.taforum.org/) in the category of trade software. 

These indicators speak volumes about whether you can trust your assets with this app or not. However, conducting your research and investing according to your risk tolerance is advisable.



Bitcoin Storm Review: Is it Legit?

The [CoinSmart cryptocurrency exchange](https://www.cryptovantage.com/best-crypto-exchanges/) came into existence because the founders found it challenging to fund and obtain verification on existing exchanges. They intended to develop a dependable, user-friendly exchange for beginners and easily accessible to Canadians. 

The result is a crypto exchange with rapid verification, a user-friendly interface, bank-grade security, and several financing possibilities in various fiat currencies. They also provide more complex choices for experienced traders with bigger volumes.

Although [CoinSmart](https://crypto.coinsmart.com/register) began as a Canadian-only exchange, it has recently extended to several other countries worldwide. That means more people have benefited from its outstanding UI and simple onboarding procedure. The United Kingdom, Germany, France, Italy, Spain, Portugal, Sweden, Norway, Turkey, Poland, Ireland, the Netherlands, Georgia, and Estonia are all represented.

It offers a limited variety of digital currencies for purchase, sale, and trading. The most popular cryptocurrencies are: [Bitcoin (BTC)](https://www.cryptovantage.com/buying-crypto/bitcoin/), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Cardano (ADA), Stellar (XLM), Bitcoin Cash (BCH), EOS, NEO, Dash (DASH), and QCAD.

## Is CoinSmart secure? 

CoinSmart is a trustworthy cryptocurrency exchange that takes security seriously. They are a FINTRAC-registered Money Service Business, which means they comply with regulatory criteria and produce documents to retain their licensing status. A recognised Canadian bank also backs them.

CoinSmart Canada prevents fraud by utilising a sophisticated identity verification procedure that detects bogus addresses and dates of birth by using a database provided by data-gathering companies. CoinSmart can authenticate a person's identification while keeping personal user information protected by using these agencies.

The organisation also allows customers to use a two-factor authentication mechanism (2FA). Users must provide a password generated on their phones when attempting to log in. They must then input the freshly produced code and their account details.

CoinSmart also provides consumers with a cold digital wallet for each coin available on the market. Whether a user acquires a particular cryptocurrency or not, a cold wallet is accessible. This wallet uses industry-standard techniques and processes.

## Fees with Coinsmart 

CoinSmart charges reasonable fees for fiat deposits and withdrawals, and cryptocurrency withdrawal fees are common. Their costs follow industry standards, but they are not a compelling reason to use the exchange. 

There are no fees for Canadian Dollar deposits made through bank transfers or drafts. However, both methods need a minimum deposit of $10,000 and $500, respectively.

If users deposit via an Interac e-Transfer, there are no costs if their deposit $2,000 or more, but there is a [1.5% fee](/news/article/etoro-fees) if you deposit less. The 1.5% charge is standard; investors can find it on the neighbouring Canadian [exchange](/news/article/best-exchanges-for-crypto-uk) [Bitbuy](https://www.cryptovantage.com/best-crypto-exchanges/bitbuy/). Credit and debit card funding costs are the highest, with some fees reaching as high as 6%.

Meanwhile, bank wire and electronic funds transfer options have a 1% fee with a $15 minimum for Canadian Dollar withdrawals. Crypto withdrawals are subject to a fixed charge that varies according to the asset. The Bitcoin withdrawal charge, for example, is 0.0005 BTC, whereas the Cardano withdrawal fee is 0.3 ADA.

## Key Features at CoinSmart
 
CoinSmart offers a few unique features that distinguish it from the competition.

The first is that it is a beginner-friendly platform, making it an excellent starting point for novice crypto users. The site has an exemplary user interface that makes depositing simple.

CoinSmart is also the only exchange that provides the SmartGuarantee, which offers the following advantages: 

•	All deposits are credited to users' accounts the same day they are received. 

•	Every account is confirmed the same day, and all fiat withdrawals are made within five days. 

•	CoinSmart has a good referral programme in which customers may suggest friends and get $15 if they invest at least $100.

## How users can set up their CoinSmart account

Setting up an account with CoinSmart is simple, and they provide fast verification using Equifax, so users may be verified and trading within minutes of signing up. To open a CoinSmart account, follow these steps:

•	Navigate to the [CoinSmart webpage](https://www.coinsmart.com/) 

[![Coinsmart1.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Coinsmart1_cc9f4818b1.png)](https://imp.i246982.net/c/3491845/794942/11346?subId1=nl&trafsrc=Impact)
  
•	Insert the respective email address and press "[Get Started](https://crypto.coinsmart.com/register)." 
 
[![Coinsmart2.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Coinsmart2_605e9c8553.png)](https://imp.i246982.net/c/3491845/794942/11346?subId1=nl&trafsrc=Impact)
  
•	On the next page, choose the name, choose a password, and press "Sign Up."

[![Coinsmart3.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Coinsmart3_d0af1cc0bf.png)](https://imp.i246982.net/c/3491845/794942/11346?subId1=nl&trafsrc=Impact)
  
•	Verify email through email sent to the user's email address

•	Enter the user's phone number and verify through the code sent to the number

•	Enter users’ information, including full name, date of birth, and address

If they can instantly verify investors, they are ready to deposit and start trading!

If they are unable to verify the user's identity instantly, they must provide the following information:  

•	Easy-to-read copies of the front and back of their government-issued ID

•	A selfie with users holding the same ID and a piece of paper with the word "CoinSmart" written with today's date.

•	A recent copy of their utility bill with their name and address.

After the respective users enter this information, the site will personally verify their identity before allowing them to fund their account and begin trading.


CoinSmart - A Guide for Beginners

This Kraken review will zero in on margin trading with the US-based cryptocurrency exchange.

[Margin trading](https://cryptopotato.com/kraken-margin-trading-beginners-guide-everything-you-need-to-know/) allows customers to leverage their bets using funds they do not own. The advantage of this trading strategy is that it can significantly improve profits while putting less money at risk.

However, it is also worth mentioning that it has the potential to amplify losses rapidly. Leveraged trading enables investors to open more leveraged positions than their current balance. Kraken advances funds over what the investor currently has in their account.

To start a margin account, the user's broker is legally obligated to acquire their permission. The margin account may be included in the usual account opening agreement or it may be a separate agreement.

Margin trading is also more versatile than other sorts of lending. There may be no set repayment timeline, and the user's broker's maintenance margin requirements may be straightforward or automated. Most margin accounts are open until the securities are sold. At this point, final payments are often due to the borrower.

## Kraken review: How margin trading works

To margin trade on [Kraken](https://www.kraken.com/en-gb/features/margin-trading), users must go through several order types based on where they believe the market will move. The buyer can open long or short trades and close them using opposite orders or settling commands.

## Kraken review: What cryptocurrencies can users trade

One detail that needs to be known is which cryptocurrencies [Kraken](https://r.kraken.com/4e7yWG) supports for margin trading and the leverage levels at which customers will be allowed to deal. 

Kraken offers varying amounts of leverage depending on the cryptocurrency the investor wants to trade.

As a result, the allowable leverage varies depending on the base and quoted currencies. The following table lists all of the cryptocurrencies currently accessible for this type of trading and the leverage levels that are available for each one:

[![Kraken1.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Kraken1_0ef841b41d.png)](https://www.kraken.com/features/margin-trading)
  
## Kraken Review: How to open a margin position

When a user opens a position, they receive advance cash (the margin) to assist them in executing a leveraged trade. 

In general, positions can be opened in two ways, depending on whether the investor wants to go long or short. 

If users want to open a long trade for ETH/EUR, the Kraken exchange will advance EUR to buy ETH. 

If the customer wants to open short trade, they will advance ETH so that the user can sell it for EUR. 

To enable margin trading, the user must log into the account, navigate to the "New Order" page, and select "Intermediate." 
 
[![Kraken2.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Kraken2_bc3aa130fc.png)](https://www.kraken.com/features/margin-trading)

[![Kraken3.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Kraken3_24e15de6a4.png)](https://r.kraken.com/4e7yWG)
  
The above screenshot illustrates that the [user](/news/article/kraken-exchange-under-investigation) can purchase or sell using the specified leverage on the right. For example, if the consumer selects to employ a leverage amount of 3, which is 3:1, tripling their purchasing power. 

If the user wants to go long, they must first place a buy order, as described above. 

The user must next configure the Order Type. If they choose the market, they must select "market" from the two options. If they wish to execute the deal when the price reaches a specified limit, they must select "limit".

## Kraken review: How to close a position

As previously stated, when users use leveraged margin positions, trades are conducted with an advance funded by [Kraken](/news/article/kraken-ceo). 

Users must return all the monies advanced to the exchange to close a trade. To close a trade, the user must create an order inverse of the opened order they wish to complete.

[![Kraken4.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Kraken4_375fee55f5.png)](https://r.kraken.com/4e7yWG)
 
There is a long open position for Bitcoin in the previous screenshot. It indicates that the order type is "buy/market," indicating that the position is long. It selects the best available market order rather than aiming for a specific price limit on the order book. 

The investor would have to create the opposite transaction to close that position. 
 
[![Kraken5.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Kraken5_2d9039dc05.png)](https://r.kraken.com/4e7yWG)

Since the position that needs to be closed is a "Buy," the user must select the "Sell" option on this screen. They also must choose leverage; otherwise, their funds will be sold at the best market price. 

After picking leverage, all the user has to do is click the Sell XBT for EUR button, and the trade will be closed, adding or discounting their balance with the profit or loss made on that transaction.

## Kraken review: How to settle a position 

Margin trading, as previously stated, is carried out through Kraken advances. As previously mentioned, one method for closing positions is to execute an opposite transaction. 

The second method is for the trader to return the advanced funds immediately from his account without engaging in a trade, known as a position settlement. 

For example, here's what you need to do to settle a long position. 
 
[![Kraken6.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Kraken6_d124eb7445.png)](https://r.kraken.com/4e7yWG)

The user must pick the advanced option from the top menu to generate a Buy settle position order.

The user then chooses the amount to settle and the level of leverage. The order type should be "Settle Position".

The number of cryptocurrencies settled will be purchased using the chosen currency from the user's account at the price at which the position opened.

## Kraken Review: Types of fees

Regarding margin trading on Kraken, the user must be aware of two types of costs. These are the "opening fees" for creating a new position and the "rollover fees" for keeping an existing position open.

Both depend on the base and quote currencies. The initial cost ranges between 0.01% and 0.02%. 

The rollover cost, on the other hand, is payable every four hours and varies depending on the cryptocurrency trading pair selected by the customer. It ranges from 0.01% to 0.02% every four hours.

Margin trading on Kraken can be advantageous, allowing users to increase their profits if the right trade occurs. The platform has several advantages, but users must also note that losses might multiply.

It's vital to remember that [margin trading](https://www.investopedia.com/terms/m/margin.asp) is considered high-risk, with significant losses possible if the trade doesn't go as planned. As a result, it's critical to recognise the risks of this form of trading and act cautiously.


Kraken Review: All You Need to Know

The number of crypto trading platforms is ever-growing as the market continues to expand. But, often, it gets confusing to choose which one is right for you, especially if you are a beginner. So, to assist you in that, we are doing a [Coinmama](https://go.coinmama.com/visit/?bta=67954&nci=5360&afp=article) review, which is an excellent option for crypto newbies. 

Coinmama is a Dublin-based cryptocurrency exchange operating in the industry for almost a decade. It was set up in 2013 to offer financial services in the simplest ways. 

Its mission is to be the world's friendliest exchange that offers the best customer support. 

## Benefits of using the platform

In this [Coinmama review](https://go.coinmama.com/visit/?bta=67954&nci=5360&afp=article), we look at the platform's best features that make it a good choice for traders. 

1. Single window trading
One of the factors that makes it an ideal choice is that it does not complicate things for the traders. Unlike many other brokerages, it does not allow trades between buyers and sellers, which can confuse a novice trader. So instead, on this platform, all the transactions are between you and the exchange.

The platform has an inventory of all the cryptocurrencies it offers. However, it does not provide a digital asset wallet. So, if you purchase crypto from this exchange, you must have a separate wallet like [MetaMask](/news/article/what-is-metamask).

2. Interactive interface
The [Coinmama app](https://go.coinmama.com/visit/?bta=67954&nci=5360&afp=article) features an easy-to-use and highly interactive platform, which allows you to manage your crypto trades from your phone. With this seamless app, you can quickly get started with crypto trading. All you need to do is install and sign up with the app, instantly verify your ID, and you will be all set to trade!

Besides, you can access it from almost anywhere worldwide as it is available in 188 countries. However, it only supports Android, so if you are an iOS user, you won't be able to access it. 

[![coinmama 1.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/coinmama_1_2222cba695.png)](https://go.coinmama.com/visit/?bta=67954&nci=5360&afp=article)
  
3. Swift verification process
The time-consuming verification procedure is a problem for many exchanges. Fortunately, this is not the case with Coinmama. This platform offers an instant verification process. You can swiftly sign up and start selling or purchasing crypto. The entire procedure takes only 15 to 30 minutes. 

[![coinmama 2.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/coinmama_2_55402f2107.png)](https://go.coinmama.com/visit/?bta=67954&nci=5360&afp=article)
  
4. Coinmama payment methods
The Coinmama review also shows that it offers various payment methods. One of the best things about it is that you can make crypto deals from your credit or debit cards. It supports the following payment methods:

·        Apple Pay

·        Google Pay

·        Visa

·        [Mastercard](/news/article/mastercard-crypto-asia)

·        Skrill

·        SEPA and SWIFT Bank transfers

5. Security and authorisation
The exchange is based in Ireland and authorised by the country's regulatory body. It also ensures the complete safety of your crypto funds. It maintains two procedures to ensure security. It does not save user data when transactions are made through credit or debit cards. Secondly, it has a 2FA (two-factor authentication) procedure for logins. This restricts unauthorised entities from accessing your account.

What is noteworthy, it only operates as an exchange. So it does not keep your funds. It only requires your crypto wallet address when you are buying cryptocurrencies. That's why your crypto's security depends on your third-party wallet.

Check out which is the [best wallet to store crypto](/news/article/best-crypto-wallet). 

6. Supported cryptos and fiat currencies
As of now, this cryptocurrency exchange gives you access to over 15 different tokens. These include most of all popular tokens in the market. You will find Bitcoin, Ethereum, wrapped Bitcoin, Bitcoin Cash, Dogecoin, and others. Though it supports limited options, its inventory may expand in the future. And you can also request a particular cryptocurrency from its customer support. 

![coinmama 3.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/coinmama_3_85721f4634.png)
 
On the other hand, the fiat currencies it supports for transactions are five. These include the US dollar (USD), British Pound (GBP), Canadian dollar (CAD), Australian dollar (AUD), and Euro (EUR). You can also find crypto to fiat or fiat to crypto conversions through the [Coinmama crypto calculator](https://www.coinmama.com/crypto-calculator). 

[![coinmama 4.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/coinmama_4_9b26b70d90.png)](https://www.coinmama.com/crypto-calculator)

## Trading fees

The trading fees of the Coinmama exchange are on the higher side. It charges commissions on each sale and purchase transaction. In comparison to most exchanges, the trading fees are much higher. On selling transactions, the platform's commission will be 0.9%. Meanwhile, you will also have to pay 3.81% if you purchase from the platform.

However, it offers discounts through its [loyalty program](https://support.coinmama.com/hc/en-us/articles/360012588820?_ga=2.27021630.209146710.1664231336-1389372584.1664231336). It has three levels that require different amounts to be spent for 90 days. At the curious level, you would not get any discounts. But at the Enthusiast and Believer levels, you will get a waiver of 12.5% and 25%, respectively.

![coinmama 5.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/coinmama_5_e905027150.png)

## Coinmama registration: How do I get started?

The Coinmama registration is a reasonably straightforward procedure. You can quickly get a verified account on the platform by following these four easy steps:

1. Firstly, go to [coinmama.com](https://go.coinmama.com/visit/?bta=67954&nci=5360&afp=article) and set up your account. You can also create an account through the app. It only requires your email, a strong password, and the country of your residence.

[![coinmama 6.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/coinmama_6_e876cb13de.png)](https://go.coinmama.com/visit/?bta=67954&nci=5360&afp=article)

2. Secondly, you must provide personal details like full name, phone number, date of birth, city name, etc.

[![coinmama 7.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/coinmama_7_9aba169fce.png)](https://go.coinmama.com/visit/?bta=67954&nci=5360&afp=article)
 
3. Next up, upload a document that confirms your government-issued ID. This can be your ID card, driving licence, residence permit, or passport. US citizens can also use their non-driver's ID. Take the front and back pictures of the card and upload them. 

[![coinmama 8.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/coinmama_8_814e6b6c25.png)](https://go.coinmama.com/visit/?bta=67954&nci=5360&afp=article)

4. Finally, take a piece of paper and write 'Coinmama' and the registration date. Then, holding the piece of paper and your ID document, take a picture of yourself and upload it. 

Once you've completed these steps, the website will send an application to the exchange team. Your application will be approved after they verify your details.  

[![coinmama9.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/coinmama9_b32b539dcf.png)](https://go.coinmama.com/visit/?bta=67954&nci=5360&afp=article)
 
## Coinmama Review: Final take

Coinmama is a basic, user-friendly platform ideal for novice crypto investors. It allows secure and swift crypto trading to help manage day-to-day trades while being a relatively expensive option. You can also find various alternatives that offer more options at low prices.

Though Coinmama does not support a wide range of cryptocurrencies and fiat currencies, it gives most of the popular options. All in all, it is a good option if you are looking to manage small portfolios.



Coinmama Review: The beginner-friendly platform

[Swapit.io](https://swapit.io/) is a one of a kind DeFi platform that brings in the unique features of gameFi and NFTs with it. It also introduces a mobile application that allows users easy access to its services. Besides, the platform's [GameFi](/news/article/what-is-gamefi) involves social gaming features, which can shape a dynamic community. 

Moreover, the roadmap for this project hints toward a possible NFT distribution service. It also aims to introduce Ethereum-like protocols and interoperable standards. Indeed, the features of this [DeFi](/articles/learn-moni/what-is-a-defi-token) platform sound promising. But due to a lack of clarity in its roadmap, it faces questions about its legitimacy. 

## How does Swapit.io work?

Before we discuss whether or not Swapit.io is legit, it's essential to know how it works. The games on the platform have the swap and win mechanism. There is a random number generator or RNG algorithm behind it. It generates randomised numbers that trigger a particular event in the game. It may result in getting a rare collectable or landing a hit. 

The platform introduces 980,000,020 cards as tokens. RNG score decides the items you will get for a game. The Joker card is the rarest, and if you submit it to the community pool, an NFT will be auctioned. To trade these NFTs, you will need SWIT tokens. 

## Swapit.io trustworthiness

The project combines three different elements on the [blockchain](/articles/learn-moni/what-is-blockchain). These are; Play-to-earn games, NFTs, and a tokenised DeFi ecosystem. It is a decent project built on a highly trusted network of [Binance smart chains](/news/article/bnb-price). Moreover, it has sophisticated SWIT tokeonomics with a total supply of 1,000,000,000. 

Besides, one prominent feature that makes it trustworthy is that the project is audited by Automated Security Audit System (ASAS). This ensures that no overpaying happens by maintaining weekly payouts at 80%. Along with that, its roadmap suggests that NFT distribution and interoperable protocols can be introduced later. 

However, one thing that still leaves some doubts is the lack of information about the project's founders. But, all the other signs indicate that Swapit.io is a legit company. 

This review is based on the information provided on the company website and other available resources. There is always risk involved in crypto-related services and products. That's why it's wise to conduct your research before investing.
 



Swapit.io Review

[FIREPIN](https://firepin.io/) strives to be a decentralised platform supported by an enthusiastic community, with the congregation taking precedence. It believes in bringing people from all walks of life together to create the best crypto community possible. With the power of the people and the features already laid out for FIREPIN, the only way for such an ecosystem to grow is up and to the right, which means wealth for everyone who adopts FRPN tokens.

The ecosystem incorporates future web elements such as the [Metaverse](/news/tag/metaverse), NFTs gaming, and an NFTs marketplace. It also includes a platform for exchanging FRPN and other crypto assets, an instant rewards programme, staking and yield farming and a token protection protocol.

The ecosystem includes an NFTs marketplace where you can add an NFT for trading. When you add an NFT to the ecosystem, the NFT Vault generates a token address based on your network configuration (Ethereum ERC-20, BEP-20, or Polygon ERC-20). 

You can build a flexible and efficient market to trade children's NFTs by using FIREPIN's Proactive Market Maker (PMM) algorithm. Using FIREPIN's SmartTrade and liquidity aggregation services, they can be swapped with any desired wrapped tokens within the same issued network at the best price.

The ecosystem aims to be the leading Metaverse NFT game development company for those seeking to purchase, sell, and exchange virtual goods in 3D space on Metaverse's NFT Gaming Platform. The user base for NFT gaming is expanding, and FIREPIN will position itself as the go-to platform for everything NFT gaming.

## What is the Firepin Token?

FIREPIN token (FRPN) is a new Metaverse token that runs a DAO (Decentralized Autonomous Organization), allowing users to access multiple blockchain networks. FRPN employs an algorithmic reserve currency mechanism backed by decentralised assets to ensure price stability.

The FRPN token aims to revolutionise online gaming by providing practical and low-cost solutions to issues that arise. It enables the creation of community-led protocols for NFT marketplaces, [metaverse-based gaming](/news/article/farming-games-in-metaverse), and standard virtual reality technology advancement. Players will profit the most from the ecosystem if they list the products they win in-game on the market.

FIREPIN (FRPN) will offer stake and farming options in addition to capitalising on the Metaverse and play-to-earn (P2E) games. Long-term FRPN token investors can earn passive income by being rewarded in the airdrop pool.

## Is Firepin a promising investment?

FIREPIN Token (FRPN), the next cryptocurrency sensation, was created as a "Metaverse world" currency that allows users to trade on its highly efficient blockchain. The token aims to restructure and transform the world of online gaming and NFT trading by developing efficient and cutting-edge 3D technologies.

It has proven to be a reliable investment for prospective cryptocurrency investors worldwide. It is safe to say that the token (FRPN) will make its investors wealthy shortly based on what it has to offer. Please note this is not financial advice and must instead be interpreted as the author's opinions.
 



Firepin Token: A comprehensive review

Considering getting into cryptocurrency? You might want to look at AKITA. It started on Uniswap and is now available on other decentralised exchanges, such as MXC, HotBit, Poloniex, and BKEX. Its price is expected to reach $0.10 by 2022-2023. This cryptocurrency is a fork of the popular Olympus coin and is entirely decentralised.

## Walletinvestor predicts the price of AKITA to reach $0.10 in 2022

New crypto coins are listed all the time, but it is risky to invest in them. [Akita Inu is one such new coin that has gained attention lately](https://www.akita.network/). Currently, the price of this currency is $0.0000001574, down over 4% from its launch price. While the coin has not yet reached $1, Walletinvestor thinks it will reach that price by 2022 and 10 cents by 2025.

The price of AKITA has fallen since it ran in 2021, and some token holders are calling for a price of $0.01 per coin. However, for the token to reach such a level, it must undergo significant innovation.

## It is a meme coin

Akita Inu (AKITA) is a meme coin that aims to bond with like-minded people. Its token value has risen considerably in the last 24 hours thanks to its loyal following. According to CoinMarketCap, 50% of its token supply was sent to [Ethereum](/coins/eth) co-founder Vitalik Buterin, and the rest was transferred to UniSwap for liquidity.

The coin is undergoing a rapid upward trend, with [AKITA currently trading at $0.000000158](https://coinmarketcap.com/currencies/akita-inu/). However, there are risks associated with investing in any cryptocurrency, and the market is highly volatile.

It has over 100,000 holders, 12,000 members on the subreddit, and almost 20,000 Telegram users. In addition, it has listings on a variety of popular exchanges. It was created as a social experiment by the AKITA network, which wanted to see if a meme coin could survive in the long term. Ultimately, they were successful.

## It is a fork of Olympus

The Akita Inu (AKITA) cryptocurrency is an offshoot of the Olympus network DAO. It is a decentralised autonomous organisation that uses blockchain technology to make decisions. This fork of Olympus already has a reserve currency protocol on Avalanche and its governance token, the gAKITA token. While this project is still in the early stages, it already has over 15,000 investors and has been added to several exchanges.

The coin is a decentralised ERC-20 token on the Ethereum blockchain network. It was launched without an official core team but has since developed a strong community of investors and community members. The project aims to turn AKITA into a real-world currency with actual use cases.

## It is 100% decentralised

Akita Inu is a meme-based coin on the Ethereum blockchain. Its total supply is 100,000,000,000,000 AKITA. However, 50% of this supply is locked in Uniswap pools. 

The AKITA network was formed as a social experiment utilising tokenomics. It brought together people who shared similar interests and wanted to invest in a shared experience. They do so through anonymous social networks. Using this network, visionaries will gain access to organisations and suppliers.

## It has a strong community

One of the biggest strengths of a crypto project is a strong community. The project has a very active community and has grown rapidly. 

Over 100K holders from 60 countries have already joined. This community has helped the project grow without external funding. 

The coin has a large community and a strong supply, influencing its price. The coin has high volatility, which day traders favour.



Akita Inu Coin Review

RoboForex has been in business since 2009, and the Financial Services Commission regulates it in Belize under the [license number 000138/210](https://chartiran.com/en/34/roboforex-review/). This allows it to operate in most countries. It has a profit share bonus and offers negative balance protection. It also provides a variety of trading platforms and leverage levels.

## Profit-share bonus

The Profit share bonus at RoboForex is available to all lMetaTrader4 (MT4) and MetaTrader5 (MT5) account types that use USD and EUR as their base currency. The profit share bonus is based on a small commission of $20 for every million USD in turnover. For scalping, RoboForex is a good choice. The commission is low, and the trading conditions are excellent.

The Profit Share bonus can be used during a drawdown. This will reduce your losses. The profit share bonus can be received on a MetaTrader4 or MetaTrader5 account of either the Fix or Pro-type. The ECN accounts are not eligible for the Profit Share Bonus program.

## Trading platforms

Roboforex trading platforms are available in different types. The most popular one is the RoboForex account. It features optimal trading conditions, a minimum deposit of just 10 USD, and commission-free trading. The spreads and leverage levels are as low as 1.3 pips. There are six different types of orders available on this platform, and it supports MT4 and cTrader.

RoboForex provides [access to over 12 thousand markets](/news/article/crypto-impact). With a minimum deposit of 10 USD, the Prime and ECN Accounts have low commissions. These accounts also allow traders to trade using MT4 and c-Trader, as well as its proprietary platform, R-Trader. This trading platform also supports scalping, hedging, and netting. In addition, it supports multiple asset classes and offers floating spreads.

## Leverage levels

RoboForex is a global company that provides brokerage services to clients from many countries. It has recently increased the leverage levels for clients trading in cryptocurrencies. As of September 1, customers can trade up to 1:50 leverage. This will give them more flexibility in their trading and make it more convenient. 

## Negative balance protection

Negative balance protection is a feature that many retail forex brokers offer. This feature reassures newcomers that the service provider will protect their money if they incur a negative balance. This feature is a guaranteed margin call and has become an industry buzzword.

Most retail forex brokers in Australia, the UK, and Europe offer this feature. It applies to leveraged products such as forex and CFD trading. The service is available only for retail clients and is not offered to professional traders. The concept came to light in 2011 when the Swiss National Bank decided to stop holding the franc against the EUR, and traders who were shorting it ended up with massive negative balances and lost more money than they had in their accounts.

## Minimum deposit

If you are looking for a trading website with a low minimum deposit, you've come to the right place. RoboForex offers many accounts, and the minimum deposit for first-grade accounts is only USD 10. If you're more experienced, you can choose a higher-grade account. This type of account will allow you to deposit larger amounts, but the downside is the risk involved.

RoboForex offers a variety of bonuses, including a Profit Share Bonus, which increases your first deposit by 60%. It also offers a Classic Bonus of up to 120%. It also has a birthday promotion that gives you a chance to win $1,100,000. For added security, RoboForex provides support in eleven languages, and a green chat button lets you contact a live customer service representative.

## Customer service
RoboForex customer service offers a wide variety of options for customer support. They can be reached via phone, email, live chat, and social media. Support representatives are available around the clock and can help in many languages. You can also get in touch with them via social media, like Twitter or Facebook.

RoboForex offers multiple deposit and withdrawal options, including Islamic accounts. The majority of these methods do not charge any fees. 

The company also claims to process withdrawal requests within two business days. RoboForex claims it follows all anti-money laundering rules and follows KYC protocols. You can also receive fast and detailed replies in multiple languages.



RoboForex Review

The exciting crypto gambling dApp BetFury casino aims to provide a transparent and provably fair dApp in addition to an interactive crypto casino with over 5000 different games, including live dealers, slot, table, and jackpot games, from some of the best software providers in the gambling industry as well as internally developed games. Universe B. Games B.V. operates the crypto gambling platform. The platform is licenced in Curacao, making it a safe platform for players worldwide. The project was designed to provide new games, a BFG utility token, and the chance to win real money prizes.

BetFury went live in 2019, and the platform has grown in popularity in the [cryptocurrency](/news/article/what-is-market-cap-cryptocurrency) gambling industry since then. It enables users to fund their BFG account with some of the best digital wallets, such as Tron wallet or Binance wallet, and to store BTC and ETH in their MetaMask account. Aside from the extensive game lobby, it also includes sports betting options, which allow users to stake their money and win big.

## Types of games that BetFury casino offers

BetFury is not your typical casino; it not only sources exciting games from leading software providers but also holds a valid licence from leading licence providers. This platform is well-known for its in-house developed games. BetFury's games include slots, tables, jackpots and live casino games.

With such a diverse gaming portfolio, BetFury has repeatedly proven to be the most competitive casino in the crypto gambling industry, outperforming other non-decentralized casinos.

## BetFury: Review

BetFury can be summed up by saying that the website is well-known gambling or betting venue, and users worldwide have multiple accounts. Players enjoy playing at this online casino because of the bonus boxes, exclusive sign-up bonus, first deposit bonus, tournaments, deposit-free spins, provably fair in-house games, promotions, and an overall regulated platform. The platform also claims to offer all registered users one of the best security measures and exciting bonus features.

The website has a significant social media presence. It offers exceptional welcome bonuses that give away free BTC to anyone who wagers their deposit, demonstrating the casino's strong financial stability. Based on the VIP level, this casino offers a clear cashback percentage reward.

Despite its growing popularity, this online casino is still in its early stage and has the potential to become one of the biggest crypto casinos ever.
 



Betfury: The crypto gambling dApp

E-Toro is a multi-asset online trading platform regulated by the UK's FCA Financial Conduct Authority (FCA). It is also regulated by the ASIC of Australia, CySec of Cyprus, GFSC of Gibraltar, and FinCen and FINRA of the United States of America (USA). 

Founded in 2007 by David Ring, Ronen Assia and Yoni Assia, E-Toro began as a forex trading platform before adding more assets, including crypto, in 2017. It quickly became one of the best trading platforms in existence. It currently serves over 200 million users in 140 countries worldwide. 


Among the many reasons E-Toro is liked and used by many traders and investors are its transparent fee structure, active community of users, and social features. One is Crypto Trader, a function that enables users to copy trades of experienced traders. 

 

This E-Toro UK review looks at what makes the trading platform worthwhile. 

## Why E-Toro Is a Great Trading Platform 

### 1. A multi-asset platform 

 

The platform allows users to trade over 2,000 financial assets, including stocks, commodities, indices, currencies, ETFs, and cryptocurrencies. A plus is that the assets can be invested with or without leverage, and traders can trade multiple purchases with a single account. 

 

### 2. Low fees 

 

Its service fees vary depending on the invested asset. However, they are pretty low. Opening a user account on the platform is free. There is no deposit or management fee even when traders copy other traders and invest in portfolios. There is no commission fee when investing in stocks. 

The platform, however, charges a 1% fee for crypto buyers and sellers. There is also a $5 withdrawal fee and a $10 monthly inactivity fee. 

 

### 3. Educational resources 

Users of the Israel-based platform also benefit from plenty of educational resources. The educational section is divided into News and Analysis, E-Toro Academy, E-Toro Plus, and The Bull Club. 

 

The News and Analysis section contains insightful investment information and the latest market news. The E-Toro Plus section lets users catch up on the latest market trends. The Bull Club section lets users gain investment knowledge from some of the world's most successful investors and financial leaders. 

 

The E-Toro Academy section provides investment resources to traders of all levels. There are resources ranging from beginner to advanced level investing. The area is divided into courses, topics, levels, and types. 

 

The types section allows users to learn about investing through guides, podcasts, webinars, and videos. They don't have to settle on one way of consuming content. Users also have the benefit of getting informed about upcoming webinars. Educational content is constantly getting updated. 

 

### 4. Social Trading 

 

Another plus for the platform is its social trading features. They include; 

 

Copy Trader: The function allows traders to copy the trading moves of top-performing traders in real time. There are plenty of top traders to choose from, and users can easily view valuable information about the trader's asset picks they wish to copy to ensure they are the best choice. 

Popular Investor Program: The program rewards traders for being copied. The more people copy a particular trader, the bigger their reward. The rewards are given on top of profits from trading and can reach as high as 2% of the copied trader's total AUC (assets under copy). 

Social News Feed: The feature enables users to follow financial instruments and traders they like, interact with other community members and participate in open discussions, and more. Users can post updates, share, and comment on other users' posts 

 

## How to Use E-Toro 

Go to https://www.etoro.com/ and create a user account. Click the highlighted "Start Investing" button to be taken to the sign-up page. You can create a user account with Google, Facebook, or your email. Remember to tick the acknowledgement boxes before clicking the "Create Account" button. 

 [![EtoroPicture1](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Etoro_Picture1_6f3c4a46e8.png)](https://med.etoro.com/B19665_A115115_Tclick_SArticle.aspx)

## Verify your account to start investing. 

Once you've verified your account, you can deposit funds to start investing or switch to a virtual version. The virtual account allows you to practice your trading skills without the risk of losing real money. $100,000 of demo money is available in your virtual account for practice. 

[ ![EtoroPicture2](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Etoro_Picture2_632e2f533d.png)](https://med.etoro.com/B19665_A115115_Tclick_SArticle.aspx)

The minimum you can deposit on the platform varies depending on your region and country's regulations. It can be between $10 and $10,000. Once you've funded your account, you can choose which asset to invest in or trade. It is worth noting that E-Toro only operates in USD. 

You can choose from close to invest or trade in 80 cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Dash (DASH), and Litecoin (LTC). 

 [![EtoroPicture3](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Etoro_Picture3_5ac5b4b306.png)](https://med.etoro.com/B19665_A115115_Tclick_SArticle.aspx)

Click on the cryptocurrency you wish to invest in or trade; let's use Bitcoin (BTC) as an example for this E-Toro UK review. Once you click on the BTC icon, you'll be directed to a page with all the necessary information about BTC. 

 [![EtoroPicture4](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Etoro_Picture4_bcb280f1ba.png)](https://med.etoro.com/B19665_A115115_Tclick_SArticle.aspx)

When you click on the highlighted Trade button, a pop-up page will appear with the options to "Buy or Sell" BTC. The page also has a "Trade" button with a drop-down menu that will enable you to choose to place an "Order." 

[![EtoroPicture5](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/Etoro_Picture5_f4b6729f28.png)](https://med.etoro.com/B19665_A115115_Tclick_SArticle.aspx)

## How to Start Trading 

E-Toro is an easy-to-use online trading platform. There is a "Help" section for anyone stuck using it. When you click the "Help" button, you'll get several guides to assist you when stuck. There is a search tab to type in your question for quick assistance. 

Some helpful guides to start with include: 

·     [How to verify your account ](https://www.etoro.com/customer-service/account-verification/)

·     [How to Deposit ](https://www.etoro.com/customer-service/deposit-faq/)

·     [How to Withdraw](https://www.etoro.com/customer-service/withdraw-faq/) 

·     [About Copy Trader ](https://www.etoro.com/customer-service/account-verification/)

 

The "Help" section also links to the [E-Toro Academy](https://www.etoro.com/academy/), where you can get more resources to help you learn about the platform and other investing and trading functions. 

 

## Bottom Line 

E-Toro is a great multi-asset social trading platform designed to cater to traders and investors of all levels, beginners and advanced. It is easy to use, has plenty of features, charges low fees, and has plenty of educational resources to help trade and invest in various assets. 





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