Crypto coin trading platforms

Etoro, a multi-asset and social trading brokerage, has registered offices in israel, the UK and cyprus.

Top forex bonus list

Crypto coin trading platforms, crypto coin trading platforms.

The brokerage has a worldwide reach and is regulated in all the markets. It is easy to open an account on the avatrade’s platform and you can be up and trading in a matter of minutes. The greatest advantage of working with avatrade is that the broker provides a large amount of educational material, especially to those who are not very conversant with trading. The online forex broker offers more than 250 trading instruments, including fiat currency, cryptocurrency, bonds, and cfds.

Fxdailyreport.Com

The prices of cryptocurrencies have zoomed this year and many investors have started focusing on these digital assets. Investors have a couple of options to trade in cryptocurrencies. The first option is to use the cryptocurrency exchanges which allow traders to swap fiat currency such as dollar and euro for the digital currency, or digital currency for digital currency. Another option is to use the online forex brokers’ platforms for trading cryptocurrency cfds or pairs such as USD/BTC, EUR/BTC, etc. The aim of this post is to list out the top 10 cryptocurrency trading platforms.

Best cryptocurrency trading platforms 2021

Etoro, a multi-asset and social trading brokerage, has registered offices in israel, the UK and cyprus. The brokerage has a worldwide reach and is regulated in all the markets.

Retailfx came into existence in 2006 in tel aviv. Etoro openbook was set up in 2010 with the copy trading feature as a social investment platform, enabling traders to follow, view, and replicate the trades of top investors in the network.

Etoro boasts of more than four million active users and allows individuals to trade in forex, stock cfds, and cryptocurrencies.

IQ option may not be most well-known or the biggest platform, but it is growing very fast. The platform offers trading in all of the popular assets and up to 25 percent leverage. In addition, IQ option provides a multi-chart layout, historical quotes, and technical analysis across multiple platforms, including desktop, mobile, and tablet. The brokerage also offers excellent support which includes volatility alerts, stock screeners, calendars, newsletters, and market updates.

Founded in 2007, instaforex has more than 7,000,000 clients and is a well-established investment firm. Instaforex provides support services in more than 27 languages and the platform can be used by newbies and professional traders. The online forex trading platform provider makes available 7 asset classes, 16 platforms, and more than 300 instruments for trading. Clients can trade forex, commodities, precious metals, equity indices, individual stocks, energies, and cryptocurrencies. Instaforex has its registered office in russia and is regulated by RAFMM; and cysec, cyprus.

The hong kong-based cryptocurrency exchange binance charges very low fees of just 0.1 percent per trade. This platform does not only support several coins but also provides services in multiple languages, including chinese, english, korean, japanese, russian, french, and spanish. Binance primarily focuses on the china market and chinese coins. To fund the development of the exchange, it created the binance token (BNB) during the initial coin offering (ICO) event.

Coinmama, an exchange located in israel, specializes in enabling the purchase of bitcoin using credit/debit cards. The services offered by this bitcoin exchange are available in many countries around the world. The buying limit set by the exchange is higher compared to other exchanges. Bitcoins can be purchased for cash and on payments through the western union. However, the fee charged by the exchange is slightly on the higher side.

The bitcoin exchange cex.Io allows users to buy the cryptocurrency for low fees using credit cards. Purchases can also be made for free through bank transfers. The services offered by this exchange are available in many countries around the world, except a few specified by the platform provider. On the basis of verification, cex.Io offers four account levels with different buying limits. This bitcoin exchange operates as a registered company in all of the districts in which it is present.

Cex.Io combines crypto to crypto exchanges, fiat to bitcoin exchange, and a mining pool. The company also offers trades in mining contracts or bitcoin mining equipment rights for a specified period of time. In addition, the exchange offers USD/BTC and EUR/BTC pairs along with several crypto/crypto pairs.

Coinbase is the best option for first-time cryptocurrency buyers. The exchange’s interface is very user-friendly and this makes it easy for anyone to buy bitcoin, ethereum, or litecoin. Most cryptocurrencies have to be bought with bitcoin. Therefore, coinbase provides a good entry point for buying bitcoin or other cryptocurrencies. Coinbase allows clients from canada, the UK, the USA, europe, australia, and singapore to buy bitcoin, litecoin, and ether using either a bank account or credit card. A fee of 3.99 percent is charged when buying using a credit card and 1.49 percent when buying through bank transfer.

In forex trading, avatrade is by far the most recognized online currency trading platform provider. The regulated forex broker is dedicated to providing customized trading solutions to its clients irrespective of their prior knowledge or experience.

It is easy to open an account on the avatrade’s platform and you can be up and trading in a matter of minutes. The greatest advantage of working with avatrade is that the broker provides a large amount of educational material, especially to those who are not very conversant with trading. The online forex broker offers more than 250 trading instruments, including fiat currency, cryptocurrency, bonds, and cfds.

Yobit.Net was founded in russia and introduced through a forum in 2015. It caters to russian, english, and chinese traders. The bitcoin exchange accepts payments only in the fiat currency USD. In order to purchase bitcoins, the client should transfer funds in USD to his/her the account. Yobit.Net offers a wide range of cryptocurrencies such as BTC, ETH, DASH, XBY, and DOGE, among others. Trading on this platform is very easy, even for those who are new to cryptocurrencies.

Cryptopia limited, a well-known name in the market, offers free wallet and a spot trading platform with a lot of features for trading cryptocurrencies like bitcoin, ethereum, litecoin, dogecoin, cannabiscoin (CANN), electroneum (ETN), verge (XVG), digibyte (DGB), and many more (totals 1644 markets in CRYPTOPIA). The trading fee on cryptopia is 0.20% of the total BTC or crypto currency traded.

Kucoin is one of best multi-cryptocurrency exchange and trading platform with service centers based in hongkong. Kucoin exchange offers pairs for trading such as raiblocks (XRB/BTC), red pulse (RPX/BTC), canya (CAN/BTC), BTC/ETH, NEO/BTC, BTC/LTC, UTRUST (UTK/BTC), ethlend (LEND/BTC), bitcoin cash (BCH/BTC), etc (more than 69 BTC pairs). Kucoin charges a flat fee of 0.1% per trade, it also provides users with a mobile app available for android and ios.

Dominant trading platforms charge traders up to 13 times more than CPH crypto

Recent calculations clearly document that the dominant crypto trading platforms are up to 13 times more expensive for active crypto traders to use than the new scandinavian exchange CPH crypto.

16th december 2020, copenhagen, denmark - every swing trader, day trader and scalper in the crypto market knows the importance of trading fees and how those fees often make it extremely difficult to pursue trading strategies based on high-frequency trading. It’s commonly known among traders that cost simply kills profit.

Lack of competition and transparency prevents traders to profit. The problem is simple: up until now, the competition on fees in the crypto trading market has been virtually absent, and the dominant trading platforms have been able to charge exorbitant transaction fees and get away with opaque pricing structures, which has made it extremely difficult for customers to figure out what they are actually paying in total for the services they are using.

The reason for the problem is immaturity in the crypto market. Going back twenty years, the traditional stock, bond and FX market was on the same stage of development as the crypto market is today, and similar to the crypto market, the traditional market was dominated by few very big players that were able to charge very high prices because of lack of competition and transparency.

Immediate disruption of fee structures

“eventually new players entered the market and started to disrupt the dominant players’ pricing models and drive down prices. And today, trading fees on traditional products are only fractions of the level we see in the current crypto market,”

Says CEO jan andersen, CPH crypto, and continues:

“our team knows this because we have our roots in the old trading world. And our declared mission is to disrupt the dominant crypto players by offering our clients fees that are way below the fees of these players. The history evidently repeats itself, only this time traders should not have to wait twenty years before the fees are down to a reasonable level. CPH crypto has decided to drive down the fees immediately.”

Watch out for hidden fees

To obtain a complete view of a particular broker’s or exchange’s trading fees, you need to take both commissions and spread into consideration. Traders tend to forget the impact of the spread on the total costs, even though the spread is often where the most significant part of the total fees is hidden, especially when trading on so-called commission-free brokers or exchanges.

Typically these brokers/exchanges tend to compensate for the lack of fee on commission by heavily increasing the spread - the difference between the bid price and the sales price - which enables them to earn their margin on the spread instead. On top of this, traders should not forget that high fees on money management - like deposits and withdrawal - is also added to the total costs.

Extreme price differences up to 1,249%

In order to prove the extreme differences in fees between CPH crypto and four globally dominant trading platforms, CPH crypto has conducted a line of price comparison based on concrete examples. Four major platforms are binance, kraken, coinbase pro and etoro, and the examples are based on one month of crypto trading volume of respectively 1,000 USD, 10,000 USD, 200,000 USD and 500,000 USD. In summary the results of the comparisons are:

By 1,000 USD per month

Cheapest platform: CPH crypto with fees in total: 0.6 USD

Most expensive platform: coinbase pro with fees in total: 5.0 USD

Difference 4.4 USD / 733%

By 10,000 USD per month

Cheapest platform: CPH crypto with fees in total: 6 USD

Most expensive platform: etoro with fees in total: 37.5 USD

Difference: 31.5 USD / 525%

By 200,000 USD per month

Cheapest platform: CPH crypto with fees in total: 79 USD

Most expensive platform: etoro with fees in total: 750 USD

Difference: 671 USD / 849%

By 500,000 USD per month

Cheapest platform: CPH crypto with fees in total: 139 USD

Most expensive platform: etoro with fees in total: 1,875 USD

Difference 1,736 USD / 1,249%

(numbers collected in Q2, 2020. Please see this page for more information)

“all-in-one” fixed fee. Unlimited trading for 39 USD/month

According to CPH crypto’s philosophy, traders should only have to focus on their strategy and not on the costs when they trade. That is why CPH crypto goes against the trend of high trading fees on the crypto market and offers a deep-discount fixed “all-in-one” fee of only 39 USD/month for unlimited trading or a commission of only 0.04 pct. Per transaction for single trading.

To learn more, visit the CPH crypto website: https://cphcrypto.Com/
media contact details
contact name: jan andersen
contact number: +45 4060 3239
contact email: jan@cphcrypto.Com

Disclaimer. CPH crypto is the source of this content. This press release is for informational purposes only and should not be viewed as an endorsement by coinidol. We take no responsibility and give no guarantees, warranties or representations, implied or otherwise, for the content or accuracy. Readers should do their own research before investing funds in any company.

What is crypto.Com? Is it safe to use?

In this crypto.Com review we will answer the simple question, what is crypto.Com?

Also, we will finish the article with a crypto.Com security review to answer the question, is it safe to use crypto.Com?

We will go through all services offered by crypto.Com, including CRO VISA card and referral code for $50 which is one of the best bitcoin bonuses available in the market.

Is important to understand that crypto.Com consist of an mobile app, an online desktop exchange, MCO/CRO VISA card, an invest product, a credit product, a payment application and an earn product.

In this article, we will focus on the complete ecosystem. However, we have a crypto.Com review focusing on only the crypto.Com exchange review and referral code .

Crypto.Com review - intro

Crypto.Com is a complete ecosystem for cryptocurrencies ready for mainstream adoption. They are offering all the common financial solutions you can be looking for including an exchange, an app, CRO VISA card, earn and credit (lend and borrow), investment products and payment solutions. Also, they have merchant solutions and invoices.

You can get $50 for free with our referral code if you sign up and stake at least 1.000 CRO for the VISA card. On top of this, you can get another $50 for free if you sign up with the crypto.Com exchange and stake another 5.000 CRO in the exchange.

Some people might be confused by their two native tokens, MCO and CRO. However, MCO is about to close down and crypto.Com urges all their customers to exchange their MCO holdings into CRO.

On top of that, they offer a CRO staked VISA card with up to 8 % cashback, free netflix, free amazon prime and free spotify, free airport lounge. Also, their earn product deliver up to 18% APY. Further, the investment product gives you the opportunity to invest your BTC into quantitative trading.

What else can you ask for? Or is it too good to be true?

Let’s break all these applications and offers down, one-by-one.

How to get $50 FREE?

1. Click on our referral link

2. Complete signup and pass KYC

3. Buy at least 1000 CRO and stake for the VISA card

4. Referral code: mcmk7qgbhh

Code: mcmk7qgbhh

CRO VISA card rewards: free spotify, free netflix, free amazon prime, up to 5% cashback, free airport lounge access and MORE!

What is the crypto.Com long-term goals?

The crypto.Com app consists of two native cryptocurrencies, MCO and CRO. They are used to provide great discount and bonuses. Crypto.Com have four different phases to go through to meet their long-term goals, according to the team.

Let merchants integrate with crypto.Com pay APO seamlessly.

Let new cryptocurrency project adopt to the crypto.Com ecosystem.

Launch of the mainnet and bring on-chain transaction settlement.

Introduce entities that can replace crypto.Com settlement agents.

What is the background of the crypto.Com team?

The team consists of kris marszalek, gary or, bobby bao, and rafael melo. This team started the MCO ICO in 2016 and the same team remain even after the rebranding in 2018 to crypto.Com.

Kris marszalek is the CEO, gary or is the CTO (cheif technology officer), rafael melo is the CFO and bobby bao is the head of corporate development.

Kris marssalek has been CEO at ensogo, COO at ibuy group limited, CEO at beecrazy and CEO at yiyi hongkong limited. This is track record gives kris the necessary experience needed to run a company like crypto.Com.

Bobby bao has been the head of corporate development at ensogo before joinig crypto.Com

Rafael melo has long experience from finance, deep understanding of risk, compliance and mobile payments ecosystem in asia. He was CFO at ensogo and led the fundraising process there securing strategic investment from VIPSHOP (NYSE:VIPS) and raising over A$50m from blue chip institutions like fidelity, goldman sachs and blackrock.

What is CRO cryptocurrency by crypto.Com?

Crypto.Com chain is yet another project launched by the hong kong-based payment and cryptocurrency platform company crypto.Com (also known as “CRO protocol labs”). The chain has its own crypto.Com chain (CRO) token which is supposed to allow the users to make cryptocurrency payments to as many globally available merchants as possible.

This is to be done by making the CRO an intermediary currency which will allow for the conversion of cryptocurrencies to their fiat counterparts at much reduced cost. By this, the crypto.Com team hopes to combine the token’s global ambition with the adoption support inspired by real-life use cases.

The CRO token function to pay transaction fees, convert assets and create new nodes. Its an intermediary token tasked with supporting cross-asset settlement and improving interoperability between cryptocurrencies and fiat-based payments. With the CRO token you can get 20% – 100% trading fee rebate when you pay fees in CRO.

How to get $50 FREE?

1. Click on our referral link

2. Complete signup and pass KYC

3. Buy at least 1000 CRO and stake for the VISA card

4. Referral code: mcmk7qgbhh

Code: mcmk7qgbhh

CRO VISA card rewards: free spotify, free netflix, free amazon prime, up to 5% cashback, free airport lounge access and MORE!

What is the MCO cryptocurrency of the crypto.Com?

Crypto.Com was created from a project that was initially named monaco with its native token MCO. Monaco was created in 2016 by a group hong kong cryptocurrency specialists with the main goal to make cryptocurrency a massive and convenient means of payment. The ICO crowdsale for MCO tokens lasted from may 18 through june 18, 2017. The event managed to raise about USD 26,700,000 worth of ETH, with 9,476,400 MCO tokens being sold on the same occasion.

MCO is about to close and crypto.Com urges all their customers to exchange their MCO holdings into CRO.

MCO and CRO - why does crypto.Com has 2 tokens?

Nowadays, crypto.Com only support 1 native token and that is CRO. They will not support the MCO token in the future and the MCO visa card is now a CRO visa card.

MCO is centered on the MCO visa cards, the most widespread crypto cards in the world. In order for someone to acquire a metal MCO visa card and receive all its benefits, such as cashback up to 5% in MCO and free netflix, spotify and amazon prime accounts, they will need to stake MCO for at least 6 months.

In order to continue receiving the rewards, the MCO needs to remain staked. As such, MCO offers utility for acquiring MCO visa cards and receiving their lucrative benefits. All this contributes to decreasing the circulating supply of MCO, which in theory can provide positive price development.

Trading platforms

Welcome to our top bitcoin trading section. Here, we list the only the best crypto trading sites and you only want to trade with the best exchanges. You must avoid all the scams and bad trading platforms that do exist. We only list a few of the very best companies that we have used ourselves and we know them very well.

Bybit guide and review 2020 with sign up bonus

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Staking on binance with locked staking, flexible staking or defi staking

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Best cryptocurrency trading platform 2021

Which is the best cryptocurrency trading platform in the UK? Our seasoned traders have, in december 2020, tried out all the major platforms for cryptocurrency trading in the UK and we’ll give you all the answers. Also in this article, how does cryptocurrency trading work? Where can I trade cryptocurrency? How do I trade cryptocurrency for cash? And how will cryptocurrencies and their unique features revolutionize the ways we exchange value and minimize trust?

Best cryptocurrency trading platforms in the UK in 2021

How to choose the best cryptocurrency trading platform?

The cryptocurrency trading market

Is cryptocurrency trading a hype?

How to buy cryptocurrency?

The difference between buying and trading cryptocurrencies

What is a cryptocurrency and how does it work?

What does trust minimization/censorship resistance mean?

Why is bitcoin the biggest cryptocurrency and why is it likely to retain that title?

The ups and downs of bitcoin

The 5 best cryptocurrency trading platforms in the UK are:

Etoro cryptocurrency trading platform

Pepperstone cryptocurrency trading platform

Plus500 cryptocurrency trading platform

Octafx cryptocurrency trading platform

NSB cryptocurrency trading platform

Best cryptocurrency trading platforms in the UK 2021

Here you have the answer to where you, as a UK trader, can trade cryptocurrency. The following are solid brokers, that can be trusted and offer trading in both bitcoins and other major cryptocurrencies such as ethereum and litecoin. Take into account the quick facts of each broker in the top list and then read a more in-depth review of the broker and trading platform by clicking on the “read review” link:

- offers 17 crypto assets such as bitcoin, ethereum, litecoin etc.
- largest in cryptocurrency trading.
- market open 24/7
- spread as low as 0.75%
- leverage 1:2

75% of retail investor accounts lose money when trading cfds with this provider.

- leverage 1:2
- no commission fees
- hedge on single account
- trade BTC, litecoin, ethereum, dash bitcoin cash

74-89% of retail investor accounts lose money when trading cfds with this provider.

- availability subject to regulations. Not applicable to retail clients
- leverage 1:2
- trade all major cryptocurrencies
- trade 24/7

76.4% of retail investor accounts lose money when trading cfds with this provider.

- offers trading in bitcoin, litecoin and ethereum
- 1:2 leverage
- $100 min. Deposit
- 24/7 cryptocurrency trading

- leverage 1:2
- trade all major cryptocurrencies
- long and short trading

74% of retail investor accounts lose money

How to choose the best cryptocurrency trading platform?

Our first recommendation is that you choose a trading platform that is regulated. You have to feel safe with your investment. The best crypto platforms in the UK are regulated in different jurisdictions as you can see in the top list above. The second important criteria you should look at is what cryptocurrencies are offered by the trading platform. And the third and very important criterion is how much it will cost you to trade on that crypto trading platform and how you can withdraw your money if you want to let go of your investment.

The cryptocurrency trading market

Cryptocurrencies surprised many people in 2015-2017, through the massive price-explosion many of them have gone through. Bitcoin is obviously the foremost exponent of the crypto industry and its price evolution has been the most spectacular thus far, see the ups and downs of bitcoin below. Volatility has always been a sort of natural accessory of the cryptocurrency markets, and it, coupled with the unprecedented gains registered by the market as a whole, has turned cryptocurrencies into extremely attractive potential investment vehicles.

Is cryptocurrency trading a hype?

More and more people are interested in purchasing cryptos as an investment and more and more people are worked up about trading various crypto-based financial products. The hype is understandable: while other asset classes yield absolute maximums around the 30% mark per year, with bitcoin and its ilk, we’re talking about growth in the neighborhood of 1,000%. Above and beyond the cries of “bubble” it elicited, this ridiculous accrual of value has caught the attention of hedge fund and mutual fund managers, who now see in cryptos a very attractive way of expanding their investment portfolios.

How to buy cryptocurrency?

The most rudimentary form of cryptocurrency trading is about purchasing and holding the currencies. Crypto exchanges provide the backdrop for this type of trading, which is essentially just a newer take on the age-old buy-low-and-sell-high angle. Such investors thrive under extreme volatility and the fact that by nature, bitcoin is a deflationary currency (there’s a limited number of btcs that will ever exist), gives them a nice theoretical safety-cushion.

The difference between buying and trading cryptocurrency

Based on the above-said, it is hardly a surprise that existing online forex/CFD brokerages have already gotten in on the ground-floor of cryptocurrency trading. Though most such operators advertise that they support the trading of bitcoin, what they offer are in fact bitcoin-based cfds (contracts for difference). Cfds are financial derivatives, which means that when trading them, traders don’t actually get to own any cryptocurrency. Instead, they work with the difference between the exit- and entry-prices of their trades. With cfds, the amount by which the underlying asset price goes up (or down) is crucial, as it determines the actual profits (or losses) traders will incur.

Such crypto cfds are featured by scores of brokers. In fact, the setup has become a sort of fad among online brokers, and all those who fancy themselves cutting edge, have pinned them to their product selection, as you can see above in our top list.

What is a cryptocurrency and how does it work?

A cryptocurrency is a virtual/digital cash, payment, and settlement system, that is double spend- and counterfeit-proof. Most cryptocurrencies use a blockchain to achieve double-spend protection. The ones that are decentralized offer several other features, such as:

Trust minimization.

Censorship resistance.

Permission-less nature.

How does a cryptocurrency work?

Cryptocurrencies are virtual coins/tokens that people exchange online in a peer-to-peer manner, without an intermediary. The value of a crypto coin is defined by the market. More precisely, by what people are willing to pay for it.

On a deeper level, the value of a cryptocurrency also hinges on its utility. Scalability and transfer speeds are variables in the value equation as well.

Every cryptocurrency resides on a network. This network may be a decentralized or centralized one. In the case of bitcoin, we are talking about decentralization. The more people mine or stake a given cryptocurrency, the more decentralized its network becomes.

That raises the question: what is cryptocurrency mining?

Crypto miners are the backbone of pow (proof of work) cryptocurrency ecosystems, such as bitcoin’s. Mining consists of the painstaking churning of data with the help of specialized hardware. In addition to solving complex mathematical problems, miners also verify and add transactions to the blockchain ledger. They transmit and log transactions. They also verify and maintain the ledger. Miners get newly minted coins as a reward for their efforts and the energy they expend through computing power.

Pos (proof of stake) networks require participants to keep set amounts of digital coins in special wallets. The proof of stake method does not require computing power and it does not use up any energy to that end.

What does trust minimization/censorship resistance mean?

According to some, bitcoin is trustless. What this means is that A can pay B without the need for a third party to provide trust. According to nick szabo, one of the fathers of the cypherpunk movement, bitcoin is trust-minimized. It is as close to being trustless as possible, but it is not completely trustless.

From trust minimization stem some other attractive features. Bitcoin is permission-less. Meaning that it can be transferred from one person to another, across the globe if needed, without the permission of a third party.

As such, the cryptocurrency is also censorship-resistant. There is no trust-providing intermediary involved in transfers, which could censor certain payments. Bitcoin is a lot like cash: as long as A wants to hand it to B, there is nothing anyone can do to prevent the transfer.

Why is bitcoin the biggest cryptocurrency and why is it likely to retain that title?

As the first widely-known cryptocurrency, bitcoin enjoys something called “the first-mover advantage”. It has been around for more than ten years now. By simply being around, it has proven its feasibility to some degree. This is more than other cryptocurrencies can boast.

Furthermore, despite being somewhat clunky and cumbersome, bitcoin is not an inflexible contraption. It is programmable money. It enjoys the backing of some of the brightest minds in the industry. Bitcoin can change and incorporate changes necessary for its survival in the future. It could theoretically even adopt a pos consensus model instead of the currently used pow, although such a move is not likely.

Given these attributes, some say it is futile to search for the “better bitcoin”. Bitcoin itself is capable of changing and improving, thus becoming the better version of itself.

The ups and downs of bitcoin

Over its decade-long existence, bitcoin has been a highly volatile digital asset. It went through several boom-and-bust cycles. After each such cycle, however, it managed to hold on to some of its gains.

Interestingly, these boom-and-bust cycles have coincided with bitcoin’s halving. Every four years or so, the mining reward for bitcoin is cut in half. Currently, miners earn 12.5 bitcoins every 10 minutes in the shape of block rewards. After may 2020, this reward will be just 6.25 bitcoins every 10 minutes.

The increasing scarcity of the digital asset explains these cycles up to a point. Beyond that, human greed and emotions step up and run away with the price.

Analysts have worked out predictions regarding BTC’s post-halving price, based on past data. Such exercises are hardly exact (or reliable), however. They predict massive price gains and another parabolic bull run, sometime after the halving.

Thus far, we have had three such cycles. The latest one, that of december 2017, took the price of one bitcoin to almost $20,000. If you want to trade bitcoin you can use one of the best crypto trading platforms in the UK above. For further reading, you can see our reviews of the overall best trading platforms in the UK here.

Best cryptocurrency brokers

Luke jacobi

Contributor, benzinga

Want to jump straight to the answer? The best crypto platform for most people is definitely etoro.

Many people believe that cryptocurrencies are the future of finance. When you’re ready to leap into crypto, choosing a broker to trade or invest in cryptocurrencies is one of the most important steps to your success in the crypto market.

Get started now with benzinga’s picks for the best cryptocurrency brokers to choose the right one for you.

Best crypto brokers and trading platforms:

Best for social trading: etoro

Best for ease-of-use: gemini

Best for new investors: coinbase

Best for gold investments: itrustcapital

Best for high volume forex traders: cryptorocket

Best for accessibility: altrady

Best for multiple exchanges: voyager

Best crypto brokers

Since different brokers have different strengths, you need to figure out what kind of broker best suits your cryptocurrency interests. Some brokers provide a social trading platform where you copy other cryptocurrency traders’ trades in your own account. Others can offer the ability to make transactions in a broader selection of altcoins.

Choosing the best crypto broker depends largely on addressing your needs as an investor or trader. The following list crypto brokers been selected for different reasons to meet the needs of differing cryptocurrency trading and investing styles.

Commissions

Account minimum

Etoro fundamentally changed the way many people trade and invest with its social trading platform. Social trading involves mirroring another trader or investor’s transactions in a special social trading account. While you make the same amount proportionally as the trader you’re copying, you also take the same percentage of losses the trader takes in their account.

In addition to its regular crypto trading platform, etoro offers an advanced cryptocurrency exchange platform called etorox. This platform is designed for algorithmic traders and institutional grade investors. It offers traders access to tight-dealing spreads, and its algox application programming interface (API) can be used to create custom automated trading tools.

Commissions

Account minimum

2. Best for ease-of-use: gemini

Stay on top of market trends, build your crypto portfolio and execute your trading strategy with gemini’s easy-to-use tools. The gemini app is available on all the major app stores, and it puts the industry’s best crypto exchange and wallet in your hands.

Gemini’s app is easy to use. You can track asset prices and real-time market prices and set price alerts so you can act fast on price movements for individual assets. You can also schedule recurring buys on bitcoin and other cryptocurrencies.

Invest with peace of mind with gemini’s solid cybersecurity and custody solutions. Create a free account and make your 1st buy in as little as 3 minutes.

Commissions

Account minimum

3. Best for new investors: coinbase

Coinbase is 1 of the largest and oldest cryptocurrency exchanges. It currently services 35 million customers worldwide. Coinbase has extensive educational resources and an intuitive interface ideal for new traders and investors.

The exchange also provides clients with a hosted wallet and offers global customer support. Coinbase is an excellent choice for those new to the cryptocurrency market who do not wish to use social trading services.

Commissions

Account minimum

4. Best for gold investments: itrustcapital

Itrustcapital is 1 of the few cryptocurrency brokers that lets you trade and hold physical gold in your individual retirement account (IRA). You can also trade bitcoin (BTC), ethereum (ETH), litecoin (LTC) and bitcoin cash (BTH) in your IRA. Itrustcapital provides you with a personal wallet by curv for your crypto transactions.

While itrustcapital has no minimum trade or account size, the company charges account holders a flat fee of $29.95 per month. This amount includes all IRA fees, asset custody charges and access to its trading platform, although all cryptocurrency trades carry an additional 1% transaction charge based on the trade size.

If you’re planning for your retirement and want to add physical gold to your cryptocurrency portfolio as an inflation hedge, then itrustcapital is a solid choice.

5. Best for high volume forex traders: cryptorocket

Cryptorocket offers straight through processing (STP) to its trading clients. This means you deal directly with the crypto and forex markets and not through intermediaries or market makers. This broker model is ideal for high volume forex traders who tend to be sensitive to dealing spreads.

In addition to the 35 crypto pairs offered, you can trade 55 fiat currency pairs, 64 major stocks and 11 indices. If you are based in a jurisdiction with relatively lax retail forex trading regulatory oversight, you may even be able to take advantage of cryptorocket’s 500:1 maximum leverage ratio for forex trades.

Cryptorocket also supports the popular 3rd-party metatrader4 trading platform.

6. Best for accessibility: altrady

Altrady is built by crypto traders for crypto traders. It makes cryptocurrency trading accessible for beginner, intermediate and advanced traders.

You can get the tools that professional crypto traders use without the expensive price tag. Altrady’s platform is intuitive and easy-to-use. Its crypto trading software platform adapts to your needs.

It combines 10 connected exchanges. It also offers immediate price alerts, portfolio manager, break-even calculator, and customizable trading pages by allowing traders to manipulate widgets to create preferred layout in order to trade comfortably, limit ladder order, gain quick access to market tabs, and integrated market scanners.

Commissions

Account minimum

7. Best for multiple exchanges: voyager

Voyager connects to more than a dozen of the most trusted and secure crypto exchanges so you have access to the largest crypto trading market available anywhere. Voyager gives you faster, more reliable execution, plus:

Access to multiple exchanges: voyager partnered with over a dozen of the most trusted and secure crypto exchanges and liquidity providers. Voyager’s exchange connectivity offers you competitive prices on your trades and faster, more reliable execution.

Commission-free trading: voyager operates commission free to save you money. You save money on trades through its extensive crypto market and best execution technology. Voyager achieves price improvement on over 90% of customer orders.

Start trading at a better price today! Download the voyager app today.

Crypto advantages vs. Disadvantages

Trading and investing in cryptocurrencies often carry a considerable degree of risk, as you may have observed given the volatility of bitcoin and some other digital currencies. Despite the disadvantages currently associated with cryptos versus fiat currencies (like lower liquidity and minimal payment options), the advantages of holding cryptocurrencies will increase as they become a more common form of payment.

Here’s a quick shot of crypto advantages and disadvantages.

Advantages

Security. Technology advances typically lead to increased intrusion into your privacy. In contrast, all identities and transactions are strictly secured in the digital currency environment. While most cryptocurrency transactions are very secure, you still could be vulnerable to cybercriminal actions, like hacking.

Low transaction fees. Because of the elimination of intermediaries like financial institutions, cryptocurrency transaction fees are generally quite low.

Decentralized. The lack of a central exchange or authority overseeing cryptocurrencies is one of their defining characteristics. Many people consider this among the biggest advantages of cryptocurrencies and blockchain technology.

High potential returns. You only have to look at a long-term bitcoin price chart to get an idea of the returns you can make investing wisely in digital currencies. The crypto world is still developing and expanding, so investing in the right digital currency now could translate into considerable returns in the future.

Disadvantages

Acceptance. Because digital currencies have not yet become mainstream, most businesses will not accept them as payment for goods or services. This situation will eventually change as public perception makes digital currencies more acceptable as forms of payment. For example, paypal has recently allowed customers to hold bitcoin balances and has plans to allow payments using that cryptocurrency by early 2021.

Volatility. The market volatility observed in some digital currencies can lead to large gains or large losses. Trading and investing in crypto is not for everyone, especially those with a low pain threshold or aversion to risk.

Taxes. The internal revenue service (IRS) states on its official website that “virtual currency transactions are taxable by law just like transactions in any other property.” that IRS web page also links to a guide about how existing general tax principles apply to transactions made using digital currencies.

Illegal activities. Due to the fact that digital currency transactions generally provide identity security, many people operating outside the law are thought to use digital currency for illegal activities. These activities could include money laundering, “dark web” transactions, and drug and human trafficking.

Cryptocurrency vocabulary

Like many other financial markets, the cryptocurrency market has evolved its own jargon. Some of the key terms used by market operators are defined below.

Block. A collection of transactions permanently recorded on a digital ledger that occur regularly in every time period on a blockchain.

Blockchain. A constantly growing list of blocks in a peer-to-peer network that records transactions.

Cryptocurrency exchanges. Also called digital currency exchanges, these generally consist of online businesses that allow customers to exchange cryptocurrencies for fiat currencies or other cryptocurrencies.

Cryptocurrency wallet. A secure digital account used to send, receive and store digital currencies. Crypto wallets can either be cold wallets that are used for storing cryptos in an offline environment or hosted wallets that are hosted by 3rd parties. Hosted wallets store your private keys and provide security for your digital currency balances.

Distributed ledger. A network of decentralized nodes or computers that connect to a network where transaction data is stored. Distributed ledgers do not have to involve cryptocurrencies and can be either private or permissioned.

Fork. Also known as a “chain split,” a fork is a split that creates an alternate version of a blockchain that then leaves 2 blockchains running simultaneously. For example, bitcoin and bitcoin cash came about due to a fork in the original bitcoin blockchain. Another type of fork is known as a “project” or “software fork.” this occurs when cryptocurrency developers take the source code of an existing altcoin project and create a new project. For example, litecoin is a project fork of bitcoin.

ICO. An initial coin offering (ICO) occurs when a new digital currency or token is sold, typically at a discount, to its first set of investors. An ICO lets issuing cryptocurrency companies raise funds from the public to support their coin’s development and maintenance.

Mining. A computationally-intensive process performed within a cryptocurrency network where blocks are added to the blockchain by verifying transactions on its distributed ledger. Miners are rewarded with digital coins as compensation for their successful computational efforts.

Are you ready for the future?

Digital currency and the blockchain appear to be the future of finance. Despite their current typical volatility and lack of widespread acceptance as a payment method, cryptocurrencies seem destined to become increasingly used for online payments. They could therefore make an interesting long-term investment, especially if you have a strong appetite for risk.

Where we will be in 20 years is anyone’s guess, but cryptocurrencies and blockchain technology show growing promise as forces to be reckoned with in the financial world. Get started today with 1 of our recommended crypto brokers.

Try gemini

Gemini builds crypto products to help you buy, sell, and store your bitcoin and cryptocurrency. You can buy bitcoin and crypto instantly and access all the tools you need to understand the crypto market and start investing, all through one clear, attractive interface. Gemini crypto platform offers excellent account management options. You can manage your account at a glance, view your account balance 24-hour changes and percent changes. Get started with gemini now.

XRP delisted on more platforms following SEC's ripple complaint

Thomas trutschel/getty images

The cryptocurrency exchanges crypto.Com, coinbase, and okcoin said this week that they were suspending trading of the XRP token following a securities and exchange commission complaint against its developer, ripple labs.

XRP dropped 31% on tuesday but had climbed back roughly 23% as of thursday.

XRP, the coin, "is one foot in the grave," phil liu, the chief legal officer at arca, told business insider. "ripple, the company, may be insolvent by the end of 2021 if it can't raise money by selling XRP and its other products aren't profitable."

The SEC's lawsuit is against ripple, not XRP. Techcrunch founder michael arrington said that "whatever happens to ripple, XRP will continue to exist," because it's "independent of the company."

Visit business insider's homepage for more stories.

Several cryptocurrency exchanges have delisted trading of the XRP token this week following the securities and exchange commission's complaint against its developer, ripple labs.

Exchanges and finance platforms including crypto.Com, coinbase, and okcoin said they were suspending trading of the XRP token. Wirex, a crypto-payments firm, and ziglu, an app, followed suit, according to the block.

The SEC complaint accused ripple of effectively running a $1.3 billion unregistered offering with its sales of XRP, which the regulator deemed a security and not a cryptocurrency.

"we have been closely monitoring the news surrounding the december 22nd SEC lawsuit against ripple, the company behind XRP, and two of its key executives," okcoin said in a statement on monday. "as the lawsuit proceedings take place, we have determined it is the best course of action to suspend XRP trading and deposits on okcoin effective january 4, 2021."

Coinbase said that "in light of the SEC's lawsuit against ripple labs, inc, we have made the decision to suspend the XRP trading pairs on our platform."

XRP dropped 31% on tuesday, losing 75% in value since hitting a two-year high in early november, when investors took advantage of a weaker US dollar to pile into cryptocurrencies.

As of thursday, the coin has gained roughly 23% since its tuesday low.

Phil liu, the chief legal officer at arca, said the SEC lawsuit was a risk for the XRP token and a more serious one for ripple.

XRP, the coin, "is one foot in the grave," liu told business insider. "ripple, the company, may be insolvent by the end of 2021 if it can't raise money by selling XRP and its other products aren't profitable.

"I don't see a viable alternative to replace XRP sales except to move out of the US and exclude US investors from buying XRP. They would have to start from scratch, because all XRP profits would be disgorged since they all occurred when ripple was a US-based company."

However, michael arrington, the founder of techcrunch and a partner at arrington XRP capital, said XRP would still be a viable token, as ripple doesn't own all of XRP. The SEC lawsuit is against ripple, not the XRP token.

"whatever happens to ripple, XRP will continue to exist. It exists independent of the company. It exists on a distributed ledger," arrington said.

Arrington said he believed the SEC wanted to bring the case to court to establish clearer guidance about cryptocurrencies.

He also said it was unclear whether the rest of the SEC or the justice department felt the same way about ripple as outgoing SEC chairman jay clayton did.

Chris lavigne, a partner at the law firm withers, said it was hard to say what clayton's suit means for the future of cryptocurrency regulation.

"this suit was filed just before a change in administration. It is a surprising action in that respect," lavigne told business insider. "there was clearly no immediate need for an enforcement action, and it is unclear how the new administration will view the lawsuit or the commission's general enforcement agenda in this area."

Top 5 trading platforms for cryptocurrency in the philippines: best exchanges

Philippines is the country which actively develops DLT and crypto coins. The technology’s position is strengthened by numerous DLT-based startups and the country’s welcoming regulatory environment.

In june 2018, the philippines’ cagayan economic zone authority (CEZA) has announced that 25 trading platforms would get licenses to work in the country.

The authorities of the country have already presented licenses for legal operation in the country to 19 companies. The licenses have been prepared by the cagayan economic zone authority (CEZA). Now the authority is considering if licensing eight more firms.

Best platforms where to trade and invest in crypto coins in the philippines are presented in the article.

How to choose the trading platform?

To choose the suitable service, it is crucial to pay attention at certain elements.

Available currencies

Most of the times, BTC and USD are the currencies widely accessible but if the other cryto coin or fiat is needed, the platform with the standard pair will not be suitable.

Trading elements

Trading elements play an important role as crypto buyers and sellers have to consider hedging, stop loss features and other options which can give more control over trading.

Support and comments

Before joining this or that platform for trading crypto, users have to make sure the project is not a scam. To check if the platform is trustworthy or not, it is necessary to pay attention at the working customers’ support and the evaluations of the service by other users.

Best philippine trading platforms for crypto

Coins.Pro

Coins.Pro is the first crypto coins’ trading platform in the philippines. It is a part of coins.Ph – the digital wallet which has gained a lot of trust among the country’s citizens.

The trading on coins.Pro is only accessible to the registered users of coins.Ph, so, it is important to start an account there. The account is needed to transfer funds, and it is possible to send PHP, BTC, ETH, BCH, LTC or XRP.

Coins.Pro trading platform’s goal is to make the crypto trading cheap and fast, as well as to reduce the costs.

The philippine digital asset exchange (PDAX) is the trading platform which has been licensed in september 2018.

The platform enables filipinos to trade digital coins, utility tokens and various digital assets. Such coins as BTC, BCH, ETH, LTC and XRP are available for trading with the fiat currency of the country – PHP.

The platform guarantees competitive prices and availability of assets. The amount of fees depends on how actively users trade and can be as low as 0.05% per transaction.

Coinage

Coinage is the BTC trading platform which guarantees its users that they can trade safely and easily.

The head office of the company is located in california, however, it is only possible to trade PHP-BTC. As stated by company, the platform was established to help filipinos and people from other countries to trade PHP.

Abra is the app which allows users to buy, sell and hold 28 cryptocurrencies and 50 fiat currencies. The platform provides several options for adding money to the wallet, depending on clients’ location.

Using the credit cards is possible everywhere, bank accounts transfers are available in the U.S., europe and philippines, while making deposits into the wallet with cash is only available in the philippines.

In the BTC-based digital currency wallet, it is possible to have PHP balance, BTC balance, and an ETH balance.

Using the bank account, users can add money to PHP balance. When the balance is loaded, customers can trade PHP to BTC or ETH. Clients have an opportunity to withdraw the fiat currency and btcs, sending them to different crypto wallets.

Etoro

Etoro is the BTC trading platform authorized and regulated by the cyprus securities exchange commission (cysec). It is available and used in the philippines, as it guarantees the risk management tools to protect customers’ positions.

At the platform, it is possible to invest in currency, commodity, index, stock and ETF cfds.

Digital coins and DLT will be discussed by crypto experts at the blockchain & bitcoin conference philippines.

XRP delisted on more platforms following SEC's ripple complaint

Thomas trutschel/getty images

The cryptocurrency exchanges crypto.Com, coinbase, and okcoin said this week that they were suspending trading of the XRP token following a securities and exchange commission complaint against its developer, ripple labs.

XRP dropped 31% on tuesday but had climbed back roughly 23% as of thursday.

XRP, the coin, "is one foot in the grave," phil liu, the chief legal officer at arca, told business insider. "ripple, the company, may be insolvent by the end of 2021 if it can't raise money by selling XRP and its other products aren't profitable."

The SEC's lawsuit is against ripple, not XRP. Techcrunch founder michael arrington said that "whatever happens to ripple, XRP will continue to exist," because it's "independent of the company."

Visit business insider's homepage for more stories.