The article demonstrates the best 12 profitable staking coins List and top 5 crypto exchanges offering to stake, what minimum amount is required for staking any particular coin, its annual return, its staking rewards calculator, Binance staking, Coinbase staking, their staking rewards and much more
As cryptocurrencies are financially associated assets and demand investments so you should wisely make decisions by doing complete research when taking steps like buying cryptocurrencies, investing in IEO’s and ICO’s, choosing cryptocurrency exchanges to trade, preferring wallets to store your coins and staking these coins with crypto exchanges or buying cryptocurrencies by other methods
You should not just go and invest in any crypto coin, rather you must see what kind of service a coin is offering, just like in traditional stock trading, behind every stock, there is a company, same is the case with cryptocurrencies. Behind every coin, there is a team, a project and different services a crypto coin is offering
Before staking you must judge what team is behind a project, the reputation of a project, what services they are offering, we have compiled a list to show the best staking coins, the list will give you the amount of per annual return, minimum holding amount required and much more
VeChain was formed in June 2015 with branches in Shanghai, Paris, Hong Kong, San Francisco Singapore, Luxembourg, Tokyo
With VeChain, manufacturers can assign products with unique identifiers on the platform so that participants can track the movement and origin of products in a supply chain
It is a blockchain ecosystem that concerns business and improves supply chain management by connecting blockchain technology to the businesses through IoT integration, governance structure, and economic model
Tezos was in development since 2014 by Arthur Breitman, and Kathleen Breitman, the Company headquarter is in Switzerland. Tezos have raised $232 million in an ICO
Tezos is a platform for many purposes and supports dApps and smart contracts. The goal is to combine a self-correcting protocol and on-chain governance to manage network changes
NEO was first “AntShares” and was designed by Da Hongfei and Erik Zhan in 2014 in China then it was rebranded to “NEO” in June 2017. It’s a blockchain-based platform that gives the ability to develop new digital assets and smart contracts on its blockchain just like Ethereum
OnChain a Chinese company created Ontology in 2017. Founders of ontology are Erik Zhang and Da HongFei, they are the same founders behind the NEO blockchain
Ontology basic function is to install blockchain in traditional business without changing their ongoing systems and making it perfect software for businesses that have no real knowledge of blockchain but wanted to use blockchain technology
Cosmos (ATOM) is also known as the Internet of blockchains and try to bring together different blockchains from their platform by solving the key issues of Scalability and Interchangeability, the main purpose of cosmos is to enable blockchains to communicate with each other
Tron is a blockchain platform that aims to build a free system that will allow easy and cost-effective sharing of digital content. Tron is trying to bring closer creators of content and the users of the content by eliminating the middleman between them
Stratis is a Blockchain platform that allows firms to build their own blockchains on Stratis, which then can be integrated with main Stratis blockchain
Qtum is developed by Qtum foundation in Singapore in March 2017. They raised their funds by a campaign and sold over 15.7 million Dollar of their quantum tokens and were able to raise 11, 156 bitcoin and 77,081 Ethereum at that time
Qtum is an open-sourced blockchain platform that focuses on mobile decentralized applications. Qtum is a hybrid blockchain protocol that supports Dapps and smart contracts also
Komodo is a blockchain platform built-in 2014; Komodo is one of the pioneers of multi-chain architecture in blockchain technology. Komodo is focused on providing business with blockchain solutions
PIVX was launched on January 31, 2016 by Dash community members. PIVX is attempting to build digital means of exchange by lowering the transaction fees and time while maintaining the privacy and security of the transactions, PIVX transaction is anonymous and cannot be tracked as it is a private coin like verge and Dash.
Jed McCaleb founder of Mt. Gox and co-founder of Ripple made stellar in 2014.
Stellar can help the facilitation process of exchange between currencies that are fiat-based and also cryptocurrencies thus enabling users of different income levels to have access to low-cost financial services
An international team based in USA, China, Hong Kong, and Singapore launched TROY in August 2018
Troy has a specialization in crypto trading and crypto asset management. Troy provides services like data custody, derivatives trading, lending, spot trading, margin trading and staking to professional traders and institutional clients
Symbol: TROY
Minimum Holding: 250 TROY
Annual Return: 15-16%
Reward Coin: TROY
Top 5 Cryptocurrency Exchanges Offering Staking
Staking with cryptocurrency exchanges is becoming more popular as it is simple, easy and does not need any technical requirements or skills, you simply need to deposit any coin that you wish to stake on the exchange if its staking is being allowed by that cryptocurrency exchange and start earning rewards.
And that’s it, nothing else to do, no need to download any blockchain or any wallet, no need to do any technical stuff, simply deposit the crypto coin and start earning rewards
Remember all the coins that are kept with exchanges for staking can be traded or withdrawn at any time a user needs, but that unquestionably affects the rewards one receives
Different crypto exchanges offer different coins for staking; you should weigh the reputation of exchange before making any deposits
Coinbase is the US-based very well-known and successful crypto exchange, Coinbase staking is offering only Tezos staking, Coinbase stake Tezos on the behalf of the users and the staking rewards from the Tezos are then distributed directly into the users account after 90 days
The reward rate of Tezos staking is 5% which may vary with time, based on the staking rewards that are shared by Tezos network
All USA customer that have completed ID verification are able to participate in Tezos staking, excluding the New York and Hawaii customers
Coinbase deduct fees for its staking services from the rewards that users receive
More coins will be added to Coinbase staking over time
Kucoin has earned the good name when it comes to crypto exchanges, the birthplace of Kucoin is Hong Kong and but now it’s headquarter is in Singapore, Kucoin administers many services like future and margin trading, spot trading, lending, mining, staking services and much more
Kucoin offers the soft staking concept, in Kucoin soft staking you can receive staking rewards on a daily basis; you can trade freely on your coins and can withdraw then at any time
Okex exchange is another best crypto exchange based in Malaysia rendering its services to more than a hundred countries. Staking coin list of Okex is as under
Coin
Annual Staking Rewards
Eos Staking
5.12%
Iost Staking
7.03%
Atom Staking
6.74%
Dai Staking
9.75%
Vsys Staking
10.81%
Cro Staking
12.80%
You Staking
11.53%
Xtz Staking
6.30%
For more detail Visit
https://www.okex.com/pool/lock/index
Gate.io Staking
No doubt a good exchange for cryptocurrencies, big volume of trading and a very big variety of USDT trading pairs
Gate.io staking gives its users the capability to earn passive income by just holding cryptocurrencies
Simply deposit or buy any of the coins that Binance staking support, hold it on Binance exchange and start earning staking rewards
Does Binance charge any fees for staking?
Binance exchange does not charge any fees for staking
Can I trade the staking coins?
Yes you can surely trade the staking coins but when you trade your staking coin for another you staking balance will change and so will you staking reward for that day
What is Staking Tezos?
Staking Tezos is holding your Tezos in the wallet and earning rewards on it, you can hold Tezos in by setting up its wallet or you can hold it on exchanges. Top crypto exchanges like Binance, Coinbase, Kucoin, Okex, gate.io all provide Tezos staking
This article explains the details of Staking, Proof of Stake, Staking Pool, how staking works, how to stake Cryptocurrencies, how much Staking rewards you can earn, best-Staking coins List, and top Cryptocurrency Exchanges Offering Staking.
What is Cryptocurrency Staking?
Crypto coins that support staking mechanisms are called Proof of Stake coins.
Crypto Staking is a method of validating blocks by simply holding coins in wallets just like miners mine bitcoin or Ethereum blocks to confirm the network transactions, and in return, miners get rewards, this process of mining is known as Proof of Work (PoW)
In the Staking method, cryptocurrencies are kept in a crypto wallet to maintain a blockchain network’s operation. It is the locking of cryptocurrencies for a particular period to get rewards.
The process of staking coins depends on users engaging in blockchain by holding a minimum needed amount of that coin in its wallet for a particular time. Still, nowadays, the concept of Crypto staking through well-known crypto exchanges is becoming more popular as you don’t have to set up any wallet or technical process; instead, you have to hold your coins on exchange in a wallet and earn rewards.
The staking concept is based on Proof of Stake (PoS), and remember, not every coin gives you the option of staking. Staking coins only work on Proof of Stake mechanisms like Cardano, Tezos, Ontology, and many others.
In most easy words, crypto staking is holding your cryptocurrencies in a wallet for a certain period to get rewards; this method is very similar to how bank accounts work, and they reward account holders with interest by holding fiat currencies in their accounts for a particular period for a month or so
What is Proof of Stake?
The Proof of Stake (POS) is a process to validate block transactions depending on how many coins a user holds in a wallet. This indicates the more crypto coin a person owns, the more mining power he will have and more rewards he will get
POS is different than proof of work (POW). POW requires heavy amounts of energy and expensive devices to set up a mining process, whereas POS gives mining power to the user based on the percentage of coins held by a user
Scott Nadal and Sunny King were the first to provide the idea of Proof of Stake in 2012. They introduced Peer coin as the first PoS crypto
What is Staking Pool?
A stake pool arises when many coin holders gather their resources to validate blocks and, in return, receive rewards, just like a group of investors invests together in a shopping mall or any business and returns in shopping fares or business profits.
The staking pool’s contributors combine their commitment, resources and share the possible block rewards in proportion to their contributions.
Staking Pools are useful in networks where the technical, financial, and minimum amount of holding coin barrier is relatively high. This gives the pool with committed and long-term holding participants. For example, DASH staking requires a minimum of 1,000 Dash coins to hold, and one Dash coin is 92$ at the time of writing, so you need to invest 92000$ to start Dash staking and earn rewards.
Staking Pools often require technical setup and maintenance. That’s why many pool providers charge a fee from the bonuses distributed to pool participants.
How Does Crypto Staking Work?
The rules for staking in every PoS blockchain are different from another. Crypto Staking is used in networks that use the proof of stake, whereas PoW blockchains are based on mining to verify new blocks.
In most of the PoS, all you have to do is buy cryptocurrency coins you are interested in holding, download its wallet, install it on your PC and keep the wallet connected to the internet all the time. In the case of a small network, you need to download a copy of their entire blockchain.
In networks like ARK coin, you do not have to download the entire blockchain or keep your wallet open and connected to the internet all the time. You have to vote on a delegate if you want to receive bonuses.
Proof of Staking creates and validates new blocks by staking, and blocks are created and validated without relying on any mining hardware.
Mining requires a large investment in hardware and requires technical and programming skills to set up a miming process; Staking only requires direct investment in the Cryptocurrency that a user wants to hold. Each PoS blockchain has its Cryptocurrency.
How To Stake Cryptocurrencies?
There are many options to stake coins and get rewards.
The most profitable and easy way of Crypto staking these days is to deposit and keep holding your coin on crypto exchanges, but always remember only with reputable exchanges like Binance exchange, Coinbase, Okex, and others, you have to do nothing but to deposit and hold your coins on that exchange and get rewards, it is as easy as that. You don’t have to download any wallet, blockchain, or do any other technical stuff. Details of cryptocurrency exchanges offering Crypto staking are coming below.
You can stake crypto coins through mobile apps, apps like trust wallet owned and run by Binance exchange gives you the option of staking many cryptocurrencies from your mobile
The other purpose is to download a wallet and, if required, a blockchain of any PoS coin on your computer and deposit your coin in that wallet by making sure that the computer and the wallet keep connected to the internet 24/7
You can get included in crypto staking pools. The staking pools’ rewards are then spread to all users based on the percentage of their holdings.
You can also use online cryptocurrency staking services, but you must invest in popular platforms to avoid fraud. Some PoS coins have their staking platform, and investing in them can give you a passive monthly income. These platforms may charge a monthly fee in return for their services of maintaining wallets, providing security, and other functions.
Another option is to install a cryptocurrency wallet on a server or Raspberry Pi. The shortcoming is that users need to take the necessary steps to protect their wallets and server to avoid hacks.
How Many Staking Rewards Can I Earn?
Staking rewards or staking profits depend upon three things
First of all, how much you have invested, the more the investment, the better the repayments
What coin you will get as a reward by staking any coin, e.g., by staking Ontology (ONT), you will get ontology gas (ONG), by staking NEO, you will get NEO GAS in return as a reward, but by staking DASH, you will get DASH in return.
What is the price of the coin that you are getting in return as a reward? The price of crypto coins keeps changing, and so will be your profit; for example, you are staking DASH and getting a reward of 10 DASH coins every month; for the first-month DASH price is 90$, you will get 10×90=900$ in profit. Still, the second month Dash price is 80$, so you will get 10×8=800$ in staking profits, so your earnings depend upon the coins’ worth.
Staking with crypto exchanges is growing very attractive as it is easy and uncomplicated. You need to deposit or buy the coin on the exchange you want to stake and earn rewards. The best exchanges offering a variety of coins for staking are
The minimum quantity required for staking depends on the network; every coin network minimum requirement is different from another network. Some network has a minimum requirement of only one coin like ontology, but Dash like network requires 1000 coin as a minimum deposit to earn staking rewards.
Is there any risk involved in Cryptocurrency staking?
Financial investments are always risky. In staking, you need to take all security precautions to protect your wallet where you are keeping your coins. There are chances of hacks in staking with exchanges, and you may lose funds, but the more significant problem with crypto staking is that the crypto market is very volatile. Prices fluctuate a lot. Your return depends upon the price of coins you are making as rewards. If prices fall too much, your profits in terms of prices will fall.
What are the advantages of staking?
The main advantage of Cryptocurrency staking is that you do not have to invest in costly equipment of mining hardware; you do not need any technical skill or equipment to set up a mining process. Instead of staking, you need to keep your coins in a wallet and keep that wallet connected to the internet and earn rewards; staking guarantees your passive income and is environment-friendly.
What are the disadvantages of staking?
The main disadvantage of staking coins comes when the price of currency keeps falling. The price fall decreases the amount of your profit against the fixed quantity of coins you are getting as rewards and reduces the overall value of the asset you are holding for staking.
How to start cryptocurrency staking?
Nowadays, staking has become extremely accessible, with top cryptocurrency exchanges like Binance exchange, Coinbase, Kucoin, Okex, Gate.io providing staking. You need to store the coin you want to stake with these exchanges and receive rewards, or you can buy the coin you want to stake on that exchange and hold it there to make rewards. Staking cannot get more easygoing than that.
Is Cryptocurrency Staking Profitable?
Staking is no doubt profitable and without much risk. Mining demands expensive equipment and technical know-how, whereas cryptocurrency trading needs a lot of patience and understanding of markets and trading skills. But in staking, you need to hold and earn. The more coins you will hold, the better returns you will make.
Choosing the wrong crypto exchange can potentially lead to a road full of hacks, distractions, and unnecessary efforts.
In the search for the right cryptocurrency exchanges, one must first need to know what they want to achieve. For example, is the goal simply to invest in the longer-term or to trade on a regular basis?
Investors could look for crypto exchanges, these are platforms where you can buy and sell actual digital assets.
Cryptocurrency exchange
Spot Bitcoin Crypto (BTC) that is the actually buying bitcoin Crypto, sell, or transfer
On the other hand, traders may be interested in finding derivatives, trading in products such as futures and options based on the movement in prices of the underlying securities.
Once the trader has set his goals, it is important to consider aspects such as country-specific regulations, crypto exchanges security and a variety of other aspects.
The key points are discussed in detail after the video
Key Points when selecting cryptocurrency exchanges
The key points are:
Know Your Customer (KYC)
Different cryptocurrency exchanges are governed by different laws and regulations based on their locations, practices, and offers.
Some cryptocurrency exchanges have KYC and Anti-Money Laundering procedures where users are bound to submit their personal information during account creation.
These requirements vary from exchange to exchange. Some platforms require KYC and AML to withdraw money or lift certain restrictions.
Customers must present copies of the photo ID and sometimes proof of residence.
Many crypto exchanges today also ban customers who are located from certain countries like Iran, North Korea etc.
The reputation of cryptocurrency exchanges
Since the cryptocurrency space is still largely a new industry, it is important to know the reputation of cryptocurrency exchanges.
Many cryptocurrency exchanges were involved in criminal activities, hacks, and exit scams, leaving their users in a bad situation.
It is important to research different crypto exchanges, to search them in Google in addition to the term “fraud” and to evaluate the results.
Searching for cryptocurrency exchanges in various forms of social media can also be helpful in determining if complaints have been submitted against them.
A look at the terms and conditions of each platform can also be helpful if you find that something is alarming or inappropriate.
Coinbase, Binance, Kucoin, Kraken, Bitfinex, OKex all are the leading reputable cryptocurrency exchanges
Crypto Exchange Security Level
Every cryptocurrency exchanges have their own security methods. Verify that the exchange offers two-factor authentication (2FA). If not, the cryptocurrency exchange may not be acceptable under today’s security standards.
Also, check which 2FA type is compatible, Google Authenticator, Authy, and Yubikey are three common ways for 2FA, as they are likely to provide better security than 2FA based on a mobile text.
Every cryptocurrency exchanges also have various other security measures that may need to be reviewed, such as reserves for cold storage and custody services.
Crypto exchanges vary based on the number of participants that are using at a given time and the amount of each traded asset.
This aspect can be important as it affects how easily users can enter or leave positions while trading.
If a trader wants to sell 100 Bitcoin crypto, he is unlikely to be able to do so on a low volume crypto exchanges because there may not be enough buyers at the current market price, forcing the trader to sell at lower quotes on the market.
The volume of crypto assets on Binance exchange
Volume problems often make it difficult to buy or sell large volumes of crypto assets.
Checking the volume can sometimes be a difficult task as crypto exchanges publish fake volumes.
One method is to look at the order book on different crypto exchanges and to note what amounts of each asset are in the order book and how far the price levels are from each other.
Another way to assess the volume is to review third-party websites that offer this kind of data.
Binance exchange leads in term of the volume being traded in crypto assets making it a very attractive exchange for trading
Key Points
The most important points to keep in mind when choosing a cryptocurrency exchange are the reputation of a cryptocurrency exchange, the level of security its is providing to its customers and the volume of cryptocuurency assets being traded on that exchange
Prices of Crypto Assets
The prices of assets also vary across multiple crypto exchanges. Crypto assets may trade higher or lower on exchanges due to the location of participants, volume and other factors.
Identifying these discrepancies can play a role in choosing crypto exchanges, especially when cryptocurrencies are concerned.
The best digital assets such as Bitcoin Crypto (BTC), Ethereum Crypto (ETH), Ripple (XRP), Cardano (ADA) and Litecoin Crypto (LTC) are widely used on most cryptocurrency exchanges.
Other smaller coins and tokens may not be available on certain crypto exchanges.
Therefore, it may be important to know which crypto assets each cryptocurrency exchanges are offering and to select the appropriate options.
Fees of cryptocurrency exchanges
Most cryptocurrency exchanges charge a small fee for each trade. These fees vary by platform and are usually based on a percentage of each trade.
Binance exchange fee structure
Fees are more important to traders as compared to investors because traders buy and sell more frequently and are charged more frequently, although this depends on the size of each trade relative to the size of the investment.
Exchanges also have withdrawal fees
Binance exchange has very less trading fees
Insurance fund
Users can also note whether their crypto exchanges have an insurance fund or not. Certain crypto exchanges have the means to compensate customers under certain circumstances like hacking of a crypto exchange
Other crypto exchanges are covered by the Federal Deposit Insurance Corporation (FDIC), which can protect a certain amount of US user funds.
Fiat Crypto Exchanges
Traders and investors will likely require fiat-compatible crypto exchanges at some point in their careers, allowing them to transfer national currencies (USD, GBP, EURO, etc.) to the crypto world for trading purposes and out of it to cash the profits.
Some crypto exchanges have different Fiat options that are compatible with certain banks, others are not
Binance exchange has many options of converting your crypto assets to Dollar, Euro, GBP, and more fiat currencies
Derivatives exchanges often offer leverage. The leverage allows traders to borrow a specific amount of funds for trades based on the amount of money they hold on that exchange.
Leverage can be important for traders who want to take short-term positions with larger volumes.
Several exchanges offer leverage ranging from 1x to 100x, although different platforms may have different rules regarding liquidation levels and margin calls.
Bitmex is so far the best crypto leverage exchange, leading the crypto industry in leverage trading
Keeping in mind the above points you should do your own research as doing your own basic research is one of the most important aspects of the crypto market not just in terms of crypto exchanges, but across the entire industry.
Frequently Asked Questions
How do cryptocurrency exchanges work?
They allow you to exchange one cryptocurrency for another, buy and sell coins, and exchange fiat money for crypto.
Crypto exchanges determine the exchange rate of currencies – both coins and tokens. The cryptocurrency rate usually depends on the actions of sellers and buyers, although other factors can affect the price.
Some of the crypto exchanges are made for traders, while others are made to exchange fiat currencies to crypto
Cryptocurrency exchange also charge fees for withdrawing crypto from your accounts and charges fees on any buy or sell trades you make on them
Basically, crypto exchanges work similarly to regular exchanges that deal in stocks
Why prices vary on crypto exchanges?
The prices vary on crypto exchanges vary because each cryptocurrency exchange calculates the price of cryptocurrencies depending on its trading volume and the demand and supply of its users.
This means if it’s a top crypto exchange with a lot of users and trading volume, the more market-relevant the price will be of its crypto assets will be
What are Crypto Trading Pairs?
The cryptocurrency trading pairs are described as trade between one type of cryptocurrency with another.
Consider a trading pair of bitcoin USD
With bitcoin usd trading pair you can buy bitcoin by giving away your USD or you can sell your BTC to get usd
Can someone profit from price difference on crypto exchanges?
Yes, you can profit from price difference at different crypto exchanges. If you are an active trader you can watch the prices of different crypto assets at different cryptocurrency exchanges.
You can buy any cryptocurrency at a lower price on one crypto exchange and sell it to other exchange for a profit of some percents normally 1 to 3 percent
But you have to keep in mind the cost of withdrawal fees of an asset from one exchange to another and the trading fees of the cryptocurrency exchanges when buying or selling.
This process is little technical and requires some basic trading skills
Where Cryptocurrency can be exchanged or what are the best crypto exchanges?
The cryptocurrencies can be exchanged anywhere, there are thousands of crypto exchanges doing business, but the best crypto exchanges with a lot of features are
If you are looking to start with cryptohopper, you must first read our detailed Cryptohopper Review, the review covers the advantages and disadvantages of cryptohopper, cryptohopper settings, cryptohopper pricing, cryptohopper forums, cryptohopper profits, types of cryptohopper bots, cryptohopper Main features, Trading features, cryptohopper market places and much more.
Crypto trading bots are very popular these days. Whether the crypto trader is amateur or a professional, they came across crypto trading bot.
This is because a person cannot stay awake all day and night and can never control its emotions while trading cryptocurrency but the cryptocurrency market is active all the seven days of the week so crypto trading bot are becoming popular as they perform cryptocurrency trading without emotions and 24 hours a day.
One of the most popular trading bots used in automated crypto trading is the cryptohopper. In this review, all the important aspects of cryptohopper will be covered.
What is the Cryptohopper trading bot?
Cryptohopper is a crypto trading bot designed to simplify the cryptocurrency trading process and provide support to a crypto trader to help them maximize their profits and reduce the risk of losses.
Cryptohopper is a programmed software. It takes a certain amount of human input to function properly. Crypto trader sets up this cryptocurrency trading bot by giving the bot proper instruction to generate profits.
Cryptohopper Trading Bot is a cryptocurrency trading platform whose domain was registered in July 2017.
Two brothers from the Netherlands created cryptohopper trading bot, one was a trader and the other was a web developer, the two have brought their ideas, skills, and experience together and developed Cryptohopper.
Other than that not much information is provided online about the team behind the project. However, the cryptocurrency trading platform is owned by Cryptohopper BV based in Amsterdam the Netherlands.
Cryptohopper provides a crypto trader with an automated crypto trading platform that removes the human factor of emotions from crypto trading by providing them well-programmed trading techniques.
Users can also subscribe to external signals. The cryptohopper team has announced that they have over 180,000 registered users, 75 cryptocurrencies, and 11 major exchanges including Binance exchange, Binance Us, Coinbase Pro, and others.
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Cryptohopper pricing
In this Cryptohopper Review the pricing plans are described in detail.
Cryptohopper has four basic pricing plans, you can pay on a monthly basis or you can pay annually but you must remember that cryptohopper does not offer a refund so you must fully check cryptohopper by a pioneering plan that offers a free trial for seven days before buying any paid plans.
Cryptohopper pricing plans are as under:
Pioneer: Free trial starter package
Pioneer offers a free trial for seven days, the main features of pioneer are:
Technical analysis with 10 min interval
1 Simulated Crypto Trading Bot
80 positions maximum
Maximum 15 selected crypto coins
Maximum 2 triggers
Explorer: Starter package
The explorer plan starts from 16.58$/month, the main features of the Explorer plan are:
Technical analysis with 10 min interval
1 Simulated Crypto Trading Bot
80 positions maximum
Maximum 15 selected crypto coins
Maximum 2 triggers
Adventure: Trader plus Package
The Adventure plan starts from 41.58$/month, the main features of the Adventure plan are:
Technical analysis with a 5-minute interval
1 Simulated Crypto Trading Bot
200 positions maximum
Maximum 50 selected crypto coins
Maximum 5 triggers
Crypto Exchange arbitrage
Hero: Pro Trader Package
The Hero plan starts from 83.25$/month, the main feature of the Hero plan are:
Technical analysis with a 2-minute interval
3 Simulated Crypto Trading Bot
500 positions maximum
Maximum 75 selected crypto coins
Maximum 10 triggers
Signals for all coins
Premium indicators for all coins
Market Arbitrage
Market Making
The pricing may keep changing with time, you may see the official cryptohopper pricing page for frequent updates.
Detail features are shown in this Cryptohopper Trading Bot Review:
Data-Driven automated crypto trading: Emotions can affect your trade for the worse in many ways like Panic selling or greedy buying. Cryptohopper uses pure analysis to make its crypto trading decisions and you can apply more than 130 technical indicators.
Easy integration: Cryptohopper trading bot is for every crypto trader whether a professional or a beginner, you don’t need any coding experience to set your bot, you just need five minutes to set up a crypto trading bot.
Advanced Tracking Technology: you can track the performance of 75 coins and scan them against your profits and preferences.
24/7 Active Trading: Automated crypto trading of cryptohopper buys, tracks, and sells your cryptocurrencies while you sleep and allows you to trade 24/7 a day.
Global Crypto Exchanges: Cryptohopper allows you to connect your favorite exchanges like Binance exchange, Binance US, Coin base Pro, OKex, Kucoin, Bitvavo, Huobi, Poloniex, Kraken, Bittrex, and Bitfinex.
Zero Trading Fees: Cryptohopper does not charge any kind of trading fees while you trade on cryptohopper, cryptohopper only charges monthly based on the cryptohopper pricing plan you are using.
Safe and Secure: Cryptohopper is connected to your crypto exchange with API so cryptohopper has no control over your funds. API connectivity automatically gives limited functionality to cryptohopper to just trade on cryptocurrency exchange on your behalf and cannot withdraw any kind of funds.
Copying Top Traders: Professional crypto trader can apply to become cryptohopper signalers or sellers. Cryptohopper screened each applicant by their knowledge and experience before approving them to provide the marketplace with the best signalers to be copied.
Crypto Signals: When third party technical analysts spot a promising investment, they share their knowledge to those who have subscribed to Signals on Cryptohopper.
Cryptohopper Advanced Strategies: Cryptohopper Advanced Strategies are made up of the combination of specific indicators and technical analysis. Advanced Strategies are indicator cheat sheets they are designed and approved from professional traders and made it easy for you to buy and sell.
Cryptohopper Configuration Template: As the Indicators are coin specific so not all indicators can be set up for every market condition so the template Configuration offers templates that users can easily use with strategies to make sure that the cryptohopper perform 24/7.
Cryptohopper Performance Reports: You can evaluate the real-time performance reports for crypto signals then you can easily pick the top-performing cryptocurrency signaler for your cryptohopper trading bot.
No Experience No Worries: You can easily set up your Cryptohopper trading bot account, connect your exchange, copy signals of a successful cryptocurrency trader and start automated crypto trading, there is no experience required.
Cryptohopper apps: Cryptohopper trading bot has a mobile app for android and iOS.
We have tried to guide you on, how to use the bot in this Cryptohopper Trading Bot Review.
Using Cryptohopper trading bot is an easy task and can be done in some steps, first you need to open an account with cryptohopper.
Go to cryptohopper website and click on “Start Free Trial” on the above right corner of the screen:
A window will open as shown below:
Enter your email, username, full name, and password.
Agree to the terms and services of cryptohopper.
Click on “Get Started”.
Cryptohopper will send you a verification email on the email address you entered above, go to your email account and verify your email account.
That’s it you have created an account with cryptohopper, by signing up you will be given a 7-day free trial to check features of the cryptohopper trading bot.
To buy a plan Cryptohopper accepts payments through 70 cryptocurrencies Visa, Master Card, or Wire Transfer.
Cryptohopper Settings
Cryptohopper Settings can be done by going to the dashboard after signing up and logging in to your account.
the dashboard will look like:
Click on the plus sign as shown above and a window will open showing trading bots you want to set up.
Cryptohopper has three types of the crypto trading bot:
Arbitrage Bot
Auto trading bot
Market maker Bot
Arbitrage Bot
The arbitrage crypto trading bot profit from a price difference on crypto exchanges by simultaneously purchasing and selling any cryptocurrency.
To use this crypto trading bot you need to have an adventure or hero subscription.
Auto Trading Bot
Auto trading bot trade on your behalf on cryptocurrency exchanges. You configure your bot, provide your settings, and the bot trade on your behalf.
You can use this crypto trading bot by any active subscription.
Market Making Bot
The Market Making crypto trading bot places limit orders outside the buy and sell prices to profit from the spread between the two orders.
To use this crypto trading bot you need a hero subscription.
Connect your CryptoCurrency Exchange
After selecting the cryptohopper bot you can select the crypto exchange you want to trade-in.
You can select from
Binance exchange
Binance US
Coin base Pro
OKex
Kucoin
Bitvavo
Huobi
Poloniex
Kraken
Bittrex
Bitfinex
After selecting an exchange, connect your CryptoCurrency Exchange to the cryptohopper account by giving your API and API secret of that exchange.
Here you can also turn the feature of paper trading if you just want to check your trading strategies with cryptohopper trading bot.
Crypohopper Mirror Trading
Join the cryptohopper market place and trade like a professional trader, cryptohopper market place or in other words Crypohopper Mirror Trading is a place where you can purchase templates, trading strategies or market signals or you can get them for free and copy these strategies from professionals to do successful crypto trading.
Crypohopper Mirror trading or market place has three different categories
Templates
Strategies
Signals
Templates
As the Indicators are coin specific so not all indicators can be set up for every market condition so the template Configuration offers templates that users can easily use with strategies to make sure that the cryptohopper performs 24/7.
As the cryptocurrency market is constantly developing, the strategies you configure cannot always meet market requirements.
You need different strategies for different market conditions. For this reason, Cryptohopper offers the possibility to create templates with which the markets can be easily identified and the conditions combined with the various strategies that you can configure for each type.
The templates are free and paid as well, you can go to the market place and see the variety of templates, All you have to do is upload the template and the crypto trading bot will start trading according to the strategies configured in the template.
You can purchase strategies from the cryptohopper marketplace, or you can create your trading strategies.
By going to the strategy market place you can see the prices of the strategy being sold, the number of reviews it has, and the number of users that are currently using that strategy.
You can sort the strategies by:
Best rated
Most sales
Newest
Recently updated
You can also sort strategies by:
Free strategies
Paid Strategies
After buying the strategy you can embed that trading strategy with your crypto trading bot.
With Cryptohopper trading bot, users can purchase or use free professional external signals.
Experienced traders looking for positive signs in the crypto markets give the signaling service and are first approved and permitted by the cryptohopper team.
Both free and paid subscriptions are available, and crypto trading bots can be configured to follow signalers with just a few clicks.
On cryptohopper trading bot, it is possible to combine buy signals and technical analysis indicators at the same time and to set stop limits and trailing stops.
By going to the signals market place you can see the prices of the signals being sold, the number of reviews a signal provider have and the number of users that are currently using those signals.
You can sort the signals by
Best rated
Most subscribers
Newest
You can also sort signals by
Free Signals
Paid Signals
Cryptohopper Trading Features
Technical Indicators and Candle Patterns: you can very easily use more than 30 technical indicators and more than 90 candle patterns to read the market conditions and give instruction to your crypto trading bot.
Paper trading: if you have a new strategy for crypto trading then before applying it for real-time you can very easily backtest your trading strategy before applying it for real-time with paper trading option.
Dollar-Cost Averaging: By using the option of Dollar-Cost Averaging you can double or triple your investment that went high.
Shorting Your coin: Short sell your cryptocurrency coins if they drop suddenly and keep tracking your coins and when they show signs of recovery only then buy them back to earn maximum profits.
Market Triggers: Respond to the rise and fall of crypto markets and respond to early signs of markets moves by notifications to ensure your portfolio is safe.
Trailing Stop-Buy: Whether a crypto coin is going up or not, use cryptohopper smart trailing stop buy option to determine a strong buy trend.
Trailing Stop-Loss: Cryptohopper trading bot has a popular feature of trailing stop loss, it can track the price of any cryptocurrency coin when it goes up and only sells when it starts to come down.
Trailing Stop-Short: When any cryptocurrency you shorted start showing a sign of recovery use trailing stop short option that tells your cryptohopper trading bot to buy back your shorted coins.
Back Testing: By Backtesting you can check your trading strategies by running them against the numbers in the past and then checking the results, You can see how your crypto trading strategy would have performed by viewing exactly, when your cryptohopper trading bot would have bought and when your cryptohopper trading bot would have sold and how much profit you would have made from that strategy.
With the various advantages, there are some disadvantages. With the unique features of the Cryptohopper trading bot, you should be aware of drawbacks as this is a matter of funds.
There is a detailed story on the official website that tells the beginning of the process but there is no information about the creators of the cryptohopper bot.
There are many testimonials available on the Cryptohopper trading bot website but none of them seem to have been written by a real user and all of them are not in detail, they do not cover the topics thoroughly, the YouTube videos are also not explanatory.
A free trial of cryptohopper trading bot is available but the features of the free trial are quite limited. To unlock the full potential of the crypto trading bot, you’ll need to pay $ 99 a month which is too high.
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Frequently Asked Questions
Is Cryptohopper bot Safe for trading?
The Cryptohopper bot has limited information available about who is behind the project but on the website, it is mentioned that it’s registered as Cryptohopper BV in the Netherlands.
The cryptohopper is active on social media, you can check social media before using cryptohopper.
Also, the crypto trading bot is connected with the cryptocurrency exchanges by API keys these keys allow the trading bots to have limited access to the exchange account.
The crypto trading bot is not granted withdrawal rights and in case of any hacks on the exchange, the hackers cannot directly withdraw from your crypto funds.
Users can also set up two-factor authentication 2FA to further secure their accounts on cryptohopper.
Is Cryptohopper trading bot for beginners?
Cryptohopper trading bot offers features that can help the beginners so set up their accounts, they have an active community, video library, Discord, and telegram groups that can very help full for the new crypto traders.
In this way, a new cryptocurrency trader can chat and learn from more professional users from all over the world.
Cryptohopper trading bot also provides backtesting and paper trading so that beginners can check their settings and strategies of trading bots before applying them in real-time.
The cryptohopper trading platform does not require programming skills or any technical knowledge to set up trading bots, all can be done easily with few clicks.
How to download Cryptohopper trading bot?
There is no need to download cryptohopper trading bot, after signing in to your account all functions are available on your dashboard, you simply sign in and start using your cryptohopper bot.
What are Cryptohopper profits?
The crypto trading bot team claims to get the daily profit of almost 20% but it depends upon the strategies and configuration of your trading bots, the crypto trader and signals you are following, and other factors, a properly configure trading bot can generate you good profits.
How much time does it take to withdraw profits from Cryptohopper?
You don’t have any funds with cryptohopper, cryptohopper trades on your behalf on your desired crypto exchanges through API Keys, all profits you made will be shown in your cryptocurrency exchange wallets.
Other than those funds on cryptohopper for a monthly subscription or for buying strategies, a template or signals can be withdrawn from cryptohopper by submitting a withdrawal request.
What are your views about this cryptohopper review? please let us know in the comments.
3Commas Review is so in-depth and comprehensive, informative links and videos are gathered with such detail that you even don’t have to visit 3commas official website, After reading the review you will just need the 3commas official website to complete the signup and start doing automated crypto trading
As the world of cryptocurrencies continues to mature, more and more services are being offered to a crypto trader to simplify the crypto trading process and make gains
3Commas is a cryptocurrency trading platform that allows users to use automated trading bots and also track and copy the actions of successful crypto trader
By smart trading option of 3commas Users can also manually concurrent take Profit and stop Loss, Sell by multiple targets and take Profit and Stop Loss trailing feature
What is a 3commas crypto trading bot?
3Commas cryptocurrency trading bot is a smart crypto trading platform that uses automated bots to do the trading for its users. You can create your trading strategy or copy other user’s trading activity on multiple exchanges.
By 3Commas cryptocurrency trading platform, you can create and then implement automated crypto trading strategies.
3Commas does not charge a commission while trading with 3commas on cryptocurrency exchanges but there is a monthly based starter, Advance and Pro plans that you have to pay on a monthly or annual basis to use 3commas
3Commas also offers a free 3-day trial and they have recently launched a plan that if you create a Binance exchange account with 3Commas, you can trade for free with limited functionalities.
3Commas has over a daily crypto trading volume of $ 60 million, 100,000 registered users and 20 crypto exchanges
Overall 3Commas trading bot is a platform for managing cryptocurrency trading. On 3 commas Crypto trader copy the trading activity of successful trader while others adapt their strategies based on their risk, profit or loses
Below video explain 3 commas trading bot in detail
In this 3commas review, we will guide you with the pricing of the bot. The 3commas has four basic plans, all are explained below
Starter
Advance
Pro
Binance Exchange Trader
Starter
The started plan is starting from 22 Dollar a month if purchased for a year and the main feature of the started plan are:
Trading terminal
Concurrent Take Profit and Stop Loss
Advance
The advance plan is starting from 37 Dollar a month if purchased for a year and the main feature of the advance plan are:
Simple bots for crypto trading
Short and Long algorithms for crypto trading
View and copy bots of successful crypto trader
Trading terminal
Concurrent Take Profit and Stop Loss
Custom Signals of Trading-view
Pro
The Pro plan is starting from 75 Dollar a month if purchased for a year and the main feature of Pro plan are:
Composite bots for cryptocurrency trading
Bitmex, Binance Futures and ByBit bot for cryptocurrency trading
GRID bot for cryptocurrency trading
Custom Signals of Trading View
Simple bots for crypto trading
Short and Long algorithms
View and copy bots of successful crypto trader
Trading terminal
Concurrent Take Profit and Stop Loss
Other than the paid plans, 3 comma bot also offers three days free trial of pro version, where you can check the all the features of pro version for free for three days
Compare Plans
Binance Exchange Trader Plan:
By Binance exchange plan you first have to create an account on 3Commas with Binance exchange to trade for free
The main features are
Simple bots for crypto trading
Short and Long algorithms for crypto trading
View and copy bots of successful crypto trader
Composite bots for cryptocurrency trading
Trading terminal
Concurrent Take Profit and Stop Loss
Custom Signals of Trading View
SIGNUP TODAY
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3 Commas Crypto Trading Bot Features
The main attribute and the distinctive quality of the 3commas is the automated trading, the bots trade for you while you sleep, eat, travel or do anything else
3commas has paper trading feature that lets you test your trading techniques with a demo account before going pro
3commas lets you view Trading View Signals and Charts
You can use Trailing Take Profit and Stop Loss
You can use Concurrent Take Profit and Stop Loss which mean that a trade closes when a indicated price is reached or trade closes when the price falls below the indicated price
20 major supported exchanges, the features of 3commas crypto trading bot change with cryptocurrency exchanges, not every exchange is supported by all features, the detail is shown in the image below
You can do cryptocurrency trading 24 hour a day, the crypto markets and the 3commas bot don’t sleep
You can set multiple targets to sell and buy your crypto
3commas trading bot send you important notifications through email, telegram or mobile app
3commas has mobile app on google play and apple store, 3commas is available in English and Russian language and has a fast and responsive team
3 commas provide API functionality
3commas give you simple and composite bot, simple bot can trade one cryptocurrency pair at a time while composite bot can trade on multiples pairs at one time
You can copy the trades of successful traders and earn profits
You can use 3commas long or short algorithms according to your cryptocurrency trading strategy
How to use 3commas cryptocurrency trading bot
This 3commas review will guide you about setting up your bot. It’s easy to use 3commas crypto trading bot, we will completely guide you with the help of videos to fully understand how to use 3commas so that you don’t have to go anywhere else
Create Account
First, you need to open an account with 3commas, go to 3commas website and click on the “signup” button on the right corner of the screen
A window as shown below will open
Enter your email and password
Go to email and verify and verify your email
You can also signup with your Facebook account
By signing up you will get access to all pro features for free for three days
Signup today and get all pro features for free for three days
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Choose your Trading Bot
The 3commas has four main types of bots
Simple bot
Composite Bot
DCA Bot or also known as Advance Bot
Grid Bot
Simple bot
A simple bot is a crypto trading bot that can only trade one pair at a time.
A video below explain how to set up a simple short bot
After creating your bot you need to set up your exchange, by the free membership you will only be able to connect to Binance exchange, but if you have subscribed to the starter, Advance or Pro plan you can connect up to 20 exchanges, you can connect your exchange by your API Key of that crypto exchange
select your cryptocurrency exchange, give your API key and click on connect exchange
3commas Bot Settings
The below steps shows the 3commas bot settings
Name your Bot
It is important to give your cryptocurrency trading bot unique names to avoid confusion
Then give the exchange you want to trade and from bot, type select simple or composite as shown above
Select the Trading Pairs
Select the crypto trading pairs you want to trade, BTC/USDT will be shown as recommended trading pair, you can also choose from any other pair you want to trade
The recommended trading pairs are shown in the picture
Set Strategy and Base order size
Now select the strategy that you want to apply, whether you want o go long or short on your trades as shown in the image below
After selecting the strategy to select your base order size, the base order size is the initial amount to start a trade
Then set your safety order size, the safety order size is the size of following averaging order
Then select your order type, market or limit
Set your Deal start condition
Now select your deal start condition
You can select from
Trading view
QLF
RSI-7
ULT-7-14-28
Manually API
Trading view
Custom signal
Open new trade asap
You may select “Open new trade asap” which means open new trade as soon as possible. ASAP mean the 3 commas bot will immediately start a new trade after closing the previous one, trades one after another without a pause. The more trades the more chance of profits
Setup the take profit option
You can set up how much profit you want from a single trade, you can set a percentage of taking profit, it is recommended to set percentage profit to 0.5%, the low the percentage of the profit, the more easily the trades will be completed and the more trades you will get
The exchanges fees will be included automatically in your profit percentage
You can also select your take profit type and you can turn on or off the trailing profit option
Setup your stop loss
If you are interested in a stop loses you can set up your stop losses
From the stop-loss option, you can set the stop loss percentage
From the stop deal option, you can select close deal or close deal and stop bot
You can turn on and off stop-loss time out option
Set Safety orders
Safety orders as the name suggest are the orders that protect you from deep losses
In safety orders, you have five options
Max safety trades count: is the maximum amount of safety orders that a 3commas crypto trading bot can use for one trade
Max active safety trades count: means how many safety order 3commas will keep open on a crypto exchange at the same time
Price deviation to open safety orders: tells the 3 commas trading bot when it can start applying safety trades. Suppose it is set to 1, the 3commas bot will start buying when the price will start falling 1 percent of the initial trading price
Safety order volume scale: tell the bot that the volume of each next safety order will be multiplied to this value that you are going to give it
Safety order step scale: The volume scale will multiply a volume of each new safety order.
If you are not interested in setting up safety orders, you can give zero value to all of the options
Smart trading allows you to trade with many different options, the main option of the 3commas smart trading that make it unique from trading on crypto exchanges are
Trailing take profits
The Trailing Take Profit in simple is a feature to make maximum profit when the price starts rising
In trailing take profit you set your profit target where trailing will activate and trailing effect will try to increase your profits to maximum possible
But the drawback is that if the price starts reversal you can lose some portion of your profits
To Read in more detail on Trailing Take Profit visit
A crypto trading bot is a software that is made to examine cryptocurrency trading and place buy or sell orders on behalf of a trader
Cryptocurrency trading bots are based on predefined rules that are programmed and stored in bots. Once you’ve purchased a bot, you can customize it to suit your cryptocurrency trading requirements
Why cryptocurrency trading bots are useful?
The most important use of Cryptocurrency trading bots is that the bots are not human, so being not a human they remove fear and emotion from the trading and allowing traders to trade based on their strategies
Also, the trading bot allows you to trade 24/7, even if you are a part-time trader or you have other things to do like the job, traveling, daily life routine works, etc the bot will trade on your behalf according to your define strategies without a minute pause
How to choose a crypto trading bot?
There are several factors you must consider before selecting a bot
Security: What level of security a bot will provide, what security features it has
Profitability: It is useless to use a bot if it does not provide profitability, you must see at what ratio the bot can provide you with profits
Transparency: Check out the bot making team, the reputation of the bot, how the crypto community is taking about that bot
Ease of Use: You must see how much easy it is to set up a bot if it is too difficult, it’s not for beginners
Is 3commas safe to use?
3commas cryptocurrency trading bot is safe to use because you do not hold any funds on 3commas, you just connect your 3commas account to your cryptocurrency exchange and trade, 3commas directly cannot withdraw from your crypto exchange account
3commas is connected to your crypto exchange account with API keys, these API key have limited functionalities and does not allow any automated trading bot to withdraw from your account
Even if your account becomes compromised and hackers can take control of your API keys they still cannot withdraw your funds, but what hacker will do is that they will purchase low-value coins from your funds (hackers buy those coin that they have already purchased) and then after increasing the prices of those low-value coins they sell these coin to you leaving your account with those low-value coins
You must follow all the safety guidelines for your API keys to protect your API keys at all cost, you must use two-factor authentication and notifications from exchanges
Is 3commas for beginners?
3commas is generally very easy to set up and it suits beginners, all the help you required is given in the form of detailed videos, blogs, and step by step guides
Different features like setting up bots and connecting exchanges, copying other bots can be done by some clicks, the dashboard is easy to use and you can select your option very easily from the dashboard sidebar
On opening up every window from the dashboard there are help options that can guide you to complete your tasks
How to download 3commas trading bot?
There is no need to download 3commas, after signing in you use 3commas from your browser, all functions are available once you login to your registered account
Conclusion
Most crypto trading bots are difficult to use for new traders 3Commas solved these problems by creating a trading bot that is easy to set up, use and is secure.
3commas has integrated 20 exchanges top cryptocurrency exchanges like Binance, Bitmex, coinbase, and others
The dashboard is easy to navigate and users can choose several options with ease and traders even inexperience traders can trade 24/7 without watching the computer screen for long hours by copying the successful bots and strategies on 3commas
In this detailed article, we have covered 17 best Crypto Trading Bot with their advantages, Disadvantages, pricing plans and supported cryptocurrency exchanges, This crypto trading bot review also includes some best free crypto trading bot and free bitcoin trading bot
As the world of cryptocurrencies continues to mature, more and more services are being offered to the crypto trader to simplify the trading process and make gains
Crypto trading bot is very popular these days. Whether the crypto trader is amateur or a professional, they came across crypto trading bot
This is because a person cannot stay awake all day and night and can never control its emotions while trading cryptocurrency but cryptocurrency market is active all the seven days of the week so crypto trading bot are becoming popular as they perform cryptocurrency trading without emotions and 24 hours a day
A cryptocurrency trading bot is a software that is designed to analyze cryptocurrency trading data and place sell or buy orders on behalf of a crypto trader.
Cryptocurrency trading bots are made on predefined rules. But once you’ve purchased a bot, you can customize the trading bot according to your trading liking.
Automated Crypto Trading Is Worth Your Attention
Automated crypto trading is emerging and is it’s in early days, just like traditional stock trading, cryptocurrency trading is becoming more and more popular
Top cryptocurrency exchanges like Binance exchange, Coinbase, Kraken, Kucoin, Okex, and many others are developing themselves regularly and giving unique options like OCO orders, Stop losses, Margin and futures crypto trading and much more
To maximize your profits, take full advantages of features being offered by crypto exchanges and trading cryptocurrency 24/7, automated crypto trading is becoming more and more popular
To carry on with automated crypto trading many crypto traders face the difficult task of choosing a best crypto trading bot
The number of options is growing every day, our list of crypto trading bot will guide you thoroughly to choose the best crypto trading bot for you, the list will provide you with pro and cons of every cryptocurrency trading bot, their pricing plans, particular crypto exchanges of every trading bot can trade on and much more
So let’s begin
CryptoHopper
Cryptohopper is a crypto trading bot designed to simplify the cryptocurrency trading process and provide support to the crypto trader to help them maximize their profits and reduce the risk of losses.
Cryptohopper is a programmed software. It takes a certain amount of human input to function properly. Crypto trader sets up this cryptocurrency trading bot by giving the bot proper instruction to generate profits
Cryptohopper Trading Bot is a cryptocurrency trading platform whose domain was registered in July 2017
Two brothers from the Netherlands created cryptohopper trading bot, one was a trader and the other was a web developer, the two have brought their ideas, skills, and experience together and developed Cryptohopper
Other than that not much information is provided online about the team behind the project. However, the cryptocurrency trading platform is owned by Cryptohopper BV based in Amsterdam the Netherlands
Users can also subscribe to external signals. The cryptohopper team has announced that they have over 180,000 of registered users, 75 cryptocurrencies and 11 major exchanges including Binance exchange, Binance Us, Coinbase Pro, and others
Cryptohopper Advantages
Data-Driven automated crypto trading: Emotions can affect your trade for the worse in many ways like Panic selling or greedy buying. Cryptohopper uses pure analysis to make its crypto trading decisions and you can apply more than 130 technical indicators
24/7 Active Trading: Automated crypto trading of cryptohopper buys, tracks and sells your cryptocurrencies while you sleep and allows you to trade 24/7 a day
Global Crypto Exchanges: Cryptohopper allows you to connect you favorite exchanges like Binance exchange, Binance US, Coin base Pro, OKex, Kucoin, Bitvavo, Huobi, Poloniex, Kraken, Bittrex, and Bitfinex
Zero Trading Fees: Cryptohopper does not charge any kind of trading fees while you trade on cryptohopper, cryptohopper only charges monthly based on the cryptohopper pricing plan you are using
Safe and Secure: Cryptohopper is connected to your crypto exchange with API so cryptohopper has no control over your funds. API connectivity automatically gives limited functionality to cryptohopper to just trade on cryptocurrency exchange on your behalf and cannot withdraw any kind of funds
Copying Top Traders on Cryptohopper : Professional crypto trader can apply to become cryptohopper signalers or sellers. Cryptohopper screened each applicant by their knowledge and experience before approving them to provide the marketplace with the best signalers to be copied
Crypto Signals: When third party technical analysts spot a promising investment, they share their knowledge to those who have subscribed to Signals on Cryptohopper.
Cryptohopper Advanced Strategies: Cryptohopper Advanced Strategies are made up of the combination of specific indicators and technical analysis. Advanced Strategies are indicator cheat sheet they are designed and approved from professional traders and made it easy for you to buy and sell
Cryptohopper Performance Reports: You can evaluate the real-time performance reports for crypto signals then you can easily pick the top-performing cryptocurrency signaler for your cryptphopper trading bot.
Cryptohopper Apps: Cryptohopper trading bot has a mobile app for android and iOS
Technical Indicators and Candle Patterns: you can very easily use more than 30 technical indicators and more than 90 candle patterns to read the market conditions and give instruction to your crypto trading bot
Paper trading: if you have a new strategy for crypto trading then before applying it for real-time you can very easily backtest your trading strategy before applying it for real-time with paper trading option
Shorting Your coin: Short sell your cryptocurrency coins if they drop suddenly and keep tracking your coins and when they show signs of recovery only then buy them back to earn maximum profits
Market Triggers: Respond to the rise and fall of crypto markets and respond to early signs of markets moves by notifications to ensure your portfolio is safe
Trailing Stop-Buy: Whether a crypto coin is actually going up or not, use cryptohopper smart trailing stop buy option to determine a strong buy trend
Trailing Stop-Loss: Cryptohopper trading bot has a popular feature of trailing stop loss, it can track the price of any cryptocurrency coin when it goes up and only sells when it starts to come down
Trailing Stop-Short: When any cryptocurrency you shorted start showing a sign of recovery use trailing stop short option that tells your cryptohopper trading bot to buy back your shorted coins
Back Testing: By backtesting, you can check your trading strategies by running them against the numbers in the past and then checking the results
Cryptohopper Disadvantages
With the various advantages, there are some disadvantages. With the unique features of Cryptohopper trading bot, you should be aware of drawbacks as this is a matter of funds
There is a detailed story on the official website that tells the beginning of the process but there is no information about the creators of the cryptohopper bot
There are many testimonials available on the Cryptohopper trading bot website but none of them seem to have been written by a real user and all of them are not in detail, they do not cover the topics thoroughly, the YouTube videos are also not explanatory
A free trial of cryptohopper trading bot is available but the features of the free trial are quite limited. To unlock the full potential of the crypto trading bot, you’ll need to pay $ 99 a month which is too high
Cryptohopper pricing
Cryptohopper pricing plans are as under:
Pioneer: Free trial starter package
Pioneer offers a free trial for seven days, the main features of pioneer are
Technical analysis with 10 min interval
1 Simulated Crypto Trading Bot
80 positions maximum
Maximum 15 selected crypto coins
Maximum 2 triggers
Explorer: Starter package
The explorer plan starts from 16.58$/month, the main feature of Explorer plan is
Technical analysis with 10 min interval
1 Simulated Crypto Trading Bot
80 positions maximum
Maximum 15 selected crypto coins
Maximum 2 triggers
Adventure: Trader plus Package
The Adventure plan starts from 41.58$/month, the main feature of Adventure plan is
Technical analysis with a 5-minute interval
1 Simulated Crypto Trading Bot
200 positions maximum
Maximum 50 selected crypto coins
Maximum 5 triggers
Crypto Exchange arbitrage
Hero: Pro Trader Package
The Hero plan starts from 83.25$/month, the main feature of the Hero plan is
Technical analysis with a 2-minute interval
3 Simulated Crypto Trading Bot
500 positions maximum
Maximum 75 selected crypto coins
Maximum 10 triggers
Signals for all coins
Premium indicators for all coins
Market Arbitrage
Market Making
Cryptohopper Supported Crypto Exchanges
Cryptohopper allows you to connect you favorite exchanges like
3commas cryptocurrency trading bot is a smart crypto trading platform that uses automated bots to do the trading for its users. You can create your trading strategy or copy other users trading activity on multiple exchanges
3Commas trading bot is a cryptocurrency trading platform that makes it easy to create and implement automated trading strategies.
3Commas does not charge a commission while trading with 3commas on cryptocurrency exchanges but there is a monthly based starter, Advance, and Pro plans that you have to pay on a monthly or annual basis to use 3commas.
3Commas cryptocurrency trading bot also offers a free 3-day trial and they have recently launched a plan that if you create a Binance exchange account with 3Commas, you can trade for free with limited functionalities.
3Commas has over a daily trading volume of $ 60 million, 100,000 registered users and 20 crypto exchanges
3commas Advantages
The main attribute and the distinctive quality of the 3commas is the automated trading, the bots trade for you while you sleep, eat, travel or do anything else
3commas crypto trading bot has a paper trading feature that lets you test your trading techniques with a demo account before going pro
3commas lets you view Trading View Signals and Charts
You can use Trailing Take Profit and Stop Loss
You can use Concurrent Take Profit and Stop Loss which mean that a trade closes when an indicated price is reached or trade closes when the price falls below the indicated price
20 major supported exchanges, the features of 3commas crypto trading bot change with cryptocurrency exchanges
You can do trading 24 hours a day, the crypto markets and the 3commas cryptocurrency trading bot don’t sleep
You can set multiple targets to sell and buy your crypto
3 commas trading bot send you important notifications through email, telegram or mobile app
3commas has a mobile app on google play and apple store, 3commas is available in English and Russian language and has a fast and responsive team
3 commas provide API functionality
3commas give you simple and composite bot, the simple bot can trade one cryptocurrency pair at a time while composite bot can trade on multiples pairs at one time
You can copy the trades of successful traders and earn profits
You can use 3commas long or short algorithms according to your trading strategy
3commas Disadvantages
3commas trading bot is not very useful to an inexperienced crypto trader as setting up trading bots is technical
A free trial of 3commas trading bot is available for only three days. To unlock the full potential of the 3commas crypto trading bot, you’ll need to pay $ 75 a month which is too high
3commas Pricing
There are four basic plans of 3 commas crypto trading bot, all are explained below
Starter
Advance
Pro
Binance Exchange Trader
Starter
The started plan is starting from 22 Dollar a month if purchased for a year and the main feature of the started plan are:
Trading terminal
Concurrent Take Profit and Stop Loss
Advance
The advance plan is starting from 37 Dollar a month if purchased for a year and the main feature of the advance plan are:
Simple bots for crypto trading
Short and Long algorithms for crypto trading
View and copy bots of successful crypto trader
Trading terminal
Concurrent Take Profit and Stop Loss
Custom Signals of Trading View
Pro
The Pro plan is starting from 75 Dollar a month if purchased for a year and the main feature of Pro plan are:
Composite bots for cryptocurrency trading
Bitmex, Binance Futures and ByBit bot for cryptocurrency trading
GRID bot for cryptocurrency trading
Custom Signals of TradingView
Simple bots for crypto trading
Short and Long algorithms for crypto trading
View and copy bots of successful crypto trader
Trading terminal
Concurrent Take Profit and Stop Loss
3commas Supported crypto Exchanges
20 major supported cryptocurrency exchanges by 3commas are
Bitsgap founded by Maxim Kalmykov is a cloud-based automated crypto trading platform which is registered as Bitsgap Holding OU with Registry code: 14004763 in Estonia
Bitsgap official website has detailed information about the team of the project
Bitsgap is automated crypto trading platform with features like automated Trading, Portfolio Management, Arbitrage opportunities, Signals and strategies marketplace, Demo Bots and much more
Bitsgap support 25 major crypto exchanges which give the trading bot more ability to take gains from arbitrage opportunities which are the trading bot main feature
Bitsgap Advantages
Desktop and Mobile versions of Bitsgap are available
There is Demo Practice mode where users can test their strategies
More than 10,000+ crypto trading pairs
More than 25+ supported crypto exchanges
Arbitrage opportunities to make a profit from the price difference of crypto coins on a different exchange, this is the most unique feature of Bitsgap
No additional trading fees you just need to buy a pricing plan
Orders features include Stop Loss / Take Profit, Limit orders, Stop-Limit orders, Market orders, and Shadow orders
More than 75 technical indicators
Market place for signals and strategies
Bitsgap Disadvantages
The support team takes little extra time to respond
Bitsgap Pricing
Bitsgap comes with four basic pricing plans
A free plan comes with all standard features but gives you only a $1,000 monthly trading limit.
A Basic pricing plan cost you 19$/month and gives you $25,000 monthly trading limit and two trading bot
An Advance pricing plan cost you 44$/month and gives you $100,000 monthly trading limit and 5 trading bot
A Pro pricing plan cost you 110$/month and gives you unlimited monthly trading limit and 15 trading bot
More details are shown below
Bitsgap Supported Crypto Exchanges
There are more than 25 cryptocurrency exchanges supported by Bitsgap, major one are Binance exchange, Bitfinex, Huobi and many more
Kryii.io was launched in 2018 by a professional team lead by Luca Benelovo who is CEO and Founder of Kryll.io, The website shows the detail about the team behind the project in a comprehensive way
You can create your trading strategies with Kryll.io without any programming or advanced technical skills, If you do not want to make trading strategies you can use Kryll.io market place to buy or get free strategies
Kryll.io offers blocks feature with which you can link, market indicators, value triggers, logical operators, information blocks, technical analysis, notification blocks and much more
Kryll.io Advantages
A cloud computing automated crypto trading platform, no need to download and run on Pc’s
Visual Strategy Editor with Drag & Drop Editor, indicators, Trading View Charts and technical tools, by this function you can create your custom strategies by picking functional blocks and by making the right combination of these blocks you can make a very powerful one unique trading strategy
If you are expert in making a strategy then on the Kryll.io market place you can sell your profit-making strategies and if you are a beginner you can purchase strategies
A free Backtesting feature that allows you to test your trading strategy with 5 years of historical data of any trading pair
You can also follow up signalers on Kryll.io to make profits
Strong security and API protection measurement
A unique and reasonably easy to afford fee structure
Mobile app for android and iOS users
Kryll.io Disadvantages
Strategies and signal are expensive to use and cost you an extra amount
Only 8 supported exchanges
Kryll.io Pricing
Kryll.io has no paid subscription, its charges you fees on all the trades you made on this automated crypto trading platform
The fee structure of Kryll works in a way that If you want to create and test a strategy then you will be charged nothing
But if you want to use your strategy in real trading or someone else’s then you will be charged a fees
The fees depend on the amount of Kryll tokens you are holding, if you are holding zero amounts of Kryll tokens then you will be given a zero-fee discount
If you hold 5000+ krill token you will be given a 15% fee discount
If you hold 20,000+ krill tokens you will be given 35% fee discount and so on, the details are shown below
Kryll.io Supported Crypto Exchanges
The cryptocurrency exchanges supported by Kryll.io are
Zignaly is cryptocurrency trading platform for cryptocurrency trading on the manual, semi-automated or fully automated mode by using signals of Zignaly platform or copying the crypto trading of successful traders
Zignaly trading bot can be integrated with TradingView. TradingView API works on Binance exchange so Zignaly bot can be used to perform trading strategies directly on Binance exchange
On the official website of Zingnaly, there is detailed information about the founder and team behind Zignaly which shows the transparency of the trading bot
Zignaly Advantages
Zignaly offers 30-day free trial, use zignaly services are free for 30 days before buying a plan
There is strong growth of a community, trading volume and daily trades on Zignaly
No need to download, install and run on your systems, Zignaly is a cloud-based automated crypto trading platform
Send your signals directly from trading view by using their indicators or crypto signal finder to your bot
Do crypto trading on unlimited coins with Zignaly
Buy signals or get them for free and manage your buy and sell strategies by using the signals given by approved signals providers on Zignaly platform
Use features like trailing stop loss, Trailing Stop buy and many more
Zignaly Disadvantages
The bot is in beta version and no info of exchanges supported by zignaly is given on the website
There is just one pricing plan and no other option than that
No mobile app for android or iOS users
Zignaly pricing
There is just one pricing plan and it is “Beta Plan” which starts from 15.99$/month
Zignaly Supported Cryptocurrency Exchanges
No information is given on the official website about the supported crypto exchanges by zignaly, the website just mention that unlimited exchanges are coming soon
Margin.de is a cloud-based automated crypto trading platform, The Margin.de previous name was Leonardo and then it was acquired and changed to Margin.de by Jonathan Maycock who is the co-founder and CEO of Margin.de
Detail information about the team is given on the official website of Margin.de, which shows the transparency of the project
The Margin.de has a very friendly user interface and GUI of the bot is easy to use. The crypto trading bot was based on two trading strategies ping pong and Margin trading but you can customize any strategy according to your trading needs
Margin.de Advantages
There is a wide variety of indicators like MACD, RSI, VWAP, EMA and much more
A variety of major crypto exchanges
Drag and drop option, RSS feeds and much more in visual trading mode
Automated crypto trading made easy by quickly setting up a trading bot with some clicks
You can use Python Strategy Editor to edit the built-in trading strategies or you can make your strategies
Configure the GUI according to your needs and preferences
Advance security by only storing the Half API keys in a hashed and encrypted from
Fast and reliable customer support
Margin.de Disadvantages
The fee structure is fixed and you require a bit large investment in the beginning
Custom strategies are complex for beginners
No mobile app
Margin.de Pricing
A starter plan starts from 129$ and lets you trade on only one exchange but the good thing is its onetime payment and you do not have to pay monthly or annually
Standard plan has a payment of 259$ for a lifetime and lets you trade on all supported exchanges
The professional plan has a payment of 2999$ for a lifetime and lets you trade on all supported exchanges
Margin.de Supported Crypto Exchanges
The cryptocurrency exchanges supported by Margin.de are
Profittrailer is a new crypto trading bot which has managed to gain reputation by providing good features like the security of API keys, fast customer support and dollar-cost averaging
The bot is compatible with several popular exchanges including Binance, Binance US, Bitmex, etc but profit trailer is not available to free of cost, you can only do paper trading freely on profittrailer
The trading bot is not cloud-based and can be downloaded for Windows, Mac and Linux platform
ProfitTrailer Advantages
You can see live Demo trading bots and profittrailer GUI in action
You can combine 26 buys and sell strategies like Macd, Emagain, Lowbb, Rsi, Bandb width, etc to make your cryptocurrency trading entry/exit points
If you want to know more about Profittrailer you can use their in-depth Wiki
The VPS comes pre-installed with Operating System, Java, PM2, Node.js, and profittrailer Signals and notifications
Approved signals providers provide the signals about the buying and selling of crypto coins that can very help full in crypto trading
ProfitTrailer Disadvantages
Profittralier needs to be regularly rebooted
You need to configure your crypto trading bot, which can be a hard task
No much proof about the performance of the trading bot
ProfitTrailer Pricing
Profittrailer paper trading license is free, all other trading plans cost you money
“Single edition” cost 30 Euro/month, Basic Plan is 49 euro/ month or 799 euro for lifetime and advance package is 69 euro/month or 999 euro for the lifetime
ProfitTrailer Supported Crypto Exchanges
Profittrailer supported cryptocurrency exchanges are
TradeSanta trading bot is a cloud-based cryptocurrency trading software that trades on the behalf of the users, there is no need to download tradesanta, you can start trading by logging in to your tradesanta dashboard
Like other clouds, crypto trading bot tradesanta is connected to your cryptocurrency exchange by your API keys and start trading crypto pairs by setting up your bot
TradeSanta Advantages
The minimum pricing plan is free that gives you Up to 2 trading bots and an unlimited number of crypto trading pairs to trade on
Long and short Bot templates and strategies
By tradesanta analytics and telegram notifications, you can track your trading bot progress from anywhere
A lot of technical indicators are available to set up your trading bot
Set your target profit so that the tradesanta close the trade at the right time
A large number of a growing community
Mobile app for android and apple
TradeSanta Disadvantages
There are a little number of firsthand users and customer support is not quick
TradeSanta Pricing
The unique feature of tradesanta is that the “minimum” pricing plan is free and gives you 2 trading bot, telegram notification, general support and many trading pairs for trading
“Basic pricing Plan” cost you 10.5$/month and gives you 49 trading bot
Details of more tradesanta pricing plan are shown below
This is another popular crypto trading bot with over 8000 active crypto traders who use Gunbot crypto trading bot services daily
Compatible with multiple best crypto trading platform like Binance exchange, Binance US, Coinbase Pro, and others
It can run on your local PC. Gunbot crypto trading bot runs on Windows, macOS, Linux or ARM computer
Recommended System requirements
2GB RAM
10GB free disk space
64-bit CPU
Gunbot crypto trading bot Advantages
Unlimited trading pairs
Gunbot comes with many inbuilt trading strategies that include Bollinger Bands, MACD, Pingpong, Trailing stop / stop limit, Time series analysis, Average Directional Index, Bollinger Bands-crossover and others. Many users reported that BB is the best profitable strategy so far.
You can customize strategies according to your trading techniques
Easy to set up and use
Multiple licenses with free updates and excellent customer support
Shrimpy was founded in 2018 and has gained popularity in the cryptocurrency trading community. Much of the services are offered for free because the developers have a goal of providing the crypto trading services for free or for very little cost
Shrimpy was founded also keeping in mind the security perspective, Shrimpy cryptocurrency trading bot use hardware security modules to protect the security of the APIs
Shrimpy can be used with all the best crypto trading platform like Binance exchange, Okex, Kraken, coinbase, Kucoin, and others
Shrimpy Advantages
There is a lot of free features
Very Responsive and user-friendly interface
Even if you want to subscribe there are low subscription fees based monthly or annually
There is a built-in social network
Your portfolio can be rebalanced by using Shrimpy rebalancing strategies. Rebalancing align your portfolio with your targets and can get you more profits
You can Back-test historical data which is collected from each exchange
Top-level security of API Keys by using hardware security modules
Shrimpy Disadvantages
There is no mobile application for android or iOS
The crypto trading bot is relatively untested
Shrimpy Pricing
Shrimpy has a free package known as “Holder” package which is free and has a lot of features, then there is a “Professional” package that is 13$/month if billed annually
if you want some specific crypto trading bot, then “Enterprise” package is for you, Shrimpy will build a bot for you according to your trading needs
It is a cloud-based crypto trading bot which means that it does not require installation on a physical computer. By signing in to crypto trader you will be to use all its features depending upon the pricing plan you are using
Modifications to your trading techniques can be done in a few minutes. The modifications are simple can be done by the beginners with little guidance
CryptoTrader Advantages
Automated crypto trading in cloud base environment and it’s easy to use
Variety of pricing plans
CryptoTrader has strategy market place where you can sell your trading strategies or you can also purchase successful crypto trading strategies
You have an option of backtesting your cryptocurrency trading strategies
CryptoTrader gives you important emails alerts and SMS notifications
CryptoTrader Disadvantages
Little information about the team behind the crypto trader
No free plan to use and test crypto trader
US citizens are not supported
CryptoTrader Pricing
The first cryptotrader pricing plan “Basic” starts from 0.0019 BTC/month, which gives you 1 crypto trading bot, backtesting, and email alerts only
“Regular plan” starts from 0.0026BTC/month, “Pro Plan” starts from 0.0048BTC/month, “VIP plan” starts from 0.0091BTC/month and last “Premium” plan starts from 0.0226BTC/month
BTC Robot has a privilege of being the first crypto trading bot, the BTC Robot is not a cloud base and needs to be downloaded and installed before using, and the pricing for the MAC users is more as compared to window users
BTC Robot is not free, you need to buy any plan to use the services of BTC robot but it gives its users a 60-day money-back guarantee
BTC Robot Advantages
Offers a 60-day refund policy if you are not satisfied by BTC Robot
The BTC Robot is fully automated
The BTC robot can generate a lot of profits
BTC Robot Disadvantages
BTC robot Trades in Bitcoin, Litecoin, and Ethereum only
You need to have Meta Trader 4 broker account to use BTC robot
BTC Robot Pricing
BTC Robot has three pricing plan “silver plan” starts from 20$/month, “golden plan” starts from 40$/month and “Platinum Plan” gives you one-year membership for 400$
BTC Robot Supported Crypto Exchanges
The BTC Robot works with MT4 brokers like FX choice, OctaFX, FP markets, etc, the trading bot works with bitcoin, Ethereum and Litecoin trading pairs available at these meta trader 4 brokers
Visit BTC robot
https://btcrobot.com/
HAS A AFFILIATE PROGRAM
Zenbot Crypto
Zenbot is also an open-source crypto trading bot for crypto-traders
As an open-source project, you can download the trading bot and modify its code according to your trading cryptocurrency needs
Zenbot Advantages
Full support for multiple crypto exchanges
Fully-automated trading approach
Plugin architecture for writing new strategies
Paper trading option
Features like buy stops, trailing profit stops and sell stops
Backtesting strategies against historical data
Zenbot Disadvantages
You need technical skills to download and run the zen bot
Not for beginners
Zenbot Pricing Plan
Zen bot is an open-source crypto trading bot which means anyone can download it from Github, there is no pricing for zenbot, it’s a free crypto trading bot
Exchange Valet is not a crypto trading bot but it’s a desktop application available to Windows, Mac, and Linux users
As the Functions of cryptocurrency exchanges are limited so exchange valet has created a platform where you can use functions like stop loss, take profits, order triggers, portfolio tracking and much more so that cryptocurrency trader does not have to sit all time long in front of Pc to do trading
You can use the entire pricing plan for free for 14 days
Exchange Valet Advantages
On every single order, you can set up a take profit or stop loss. Which gives you the ability to not sit in front of your trading device all the time, your trading strategy is locked in between the stop loss or take profit command
API security protocols comply with ISO 27001, 27017 and 27018 standards
You are notified when your order triggers by SMS and email notification
Exchange Valet is Suitable for beginners
Customer support is fast and responsive
Exchange Valet Disadvantages
The main feature on Exchange Valet is that you can place take profit and stop loss on every single trade, but when the exchange will become more advance and will introduce functions like OCO orders just like Binance exchange did, the exchange valet will lose its worth
Support only two cryptocurrency exchanges, Binance exchange, and Bittrex
There are not enough details about the management team of Exchange Valet
Exchange Valet Pricing
For one month you need to pay 29$, for three months 75$ and for one year 250$
Exchange Valet Supported Cryptocurrency Exchanges
The crypto exchanges supported by Exchange Valet are
Binance
Bittrex
Visit Exchange Valet
https://exchangevalet.com/home
has an affiliate program
Autonio Crypto Trading Bot
Autonio is a UK-based organization that is nonprofit and was made in December 2018.
Its an open-source platform and no single person control it also everyone can contribute to the development of the program
Autonio is a decentralized artificial intelligent automated crypto trading platform and it is made up of three components, a trading terminal, an analysis module, and a decentralized exchange.
Autonio Advantages
Major key trading technical indicators for cryptocurrency trading
On Autonio marketplace users can buy the successful profit-making strategies and algorithms of other users
Autonio trading bot have their token known as NIO token, the token is made on the Ethereum blockchain
At NIOX Portal where users can discuss the operations, new proposals, staking rewards and much more
The back-testing feature is available on Autonio
Autonio requires no coding experience
Autonio Disadvantages
Only one pricing plan with no other option
Very less information about the team
Autonio Pricing
Autonio has a fixed pricing and You need to pay 50$/month to download Autonio trading bot, the bot can be downloaded on Windows, Linux and macOS operating systems
Autonio Supported Cryptocurrency Exchanges
The crypto exchanges supported by Autonio are
Binance
Bitfinex
BitStamp
GDEX
EasyDex
CryptoBridge
Bittrex
ETHfinex
Kraken
BitShares
CryptoBridge
Visit Autonio
https://www.autonio.foundation/en/
Crypto Trading Bot that have Stopped Services
Gekko Crypto Trading Bot
Gekko was an open-source crypto trading bot buy no longer maintained anymore, the creator of the project has stopped all his involvements in maintaining the project
The Tradewave bot is no more and discontinued, all its services are stopped
USI Tech
USI Tech was a forex trading bot and also provided services for trading cryptocurrency, but the bot was banned in USA and Canada after a court order against the company, USI Tech now does not provide any Services
Frequently Asked Questions
What is automated crypto trading?
Automated crypto trading is a set of buying and selling trading strategies that a user design and then give a command to its crypto trading bot to perform cryptocurrency trading based on these strategies on the behalf of the user, so that the user does not has to sit in front of PC’s all the time to perform crypto trading
What is a cryptocurrency trading bot?
Crypto trading bot is a piece of software that is programmed by humans to do crypto trading functions like buying, selling, Trailing Stop Buy, Trailing Stop Loss, Trailing Stop Short and many more on the behalf of human investors by removing the human emotions factors like greed and fear from trading
Can Crypto trading bots make a profit?
Crypto Trading bot do cryptocurrency trading far more quickly than human and also they do not have human emotions of fear and greed in trading, so a cryptocurrency trading bot generally make profits, but the amount of profit depends upon what kind of trading strategy you are using, what signals you are following, a properly configured bot with clear instruction of buying, selling and stop loses can generate you a lot of profit
Is crypto trading with bots legal?
cryptocurrency trading is purely legal with bots, all major crypto exchanges offer API keys for automated crypto trading with bots, in all traditional stocks exchanges the trading is ruled by bots similarly there is no abuse in trading with bots on crypto exchanges
Can free bitcoin trading bot make a profit?
Free bitcoin trading bot gives you limited feature and tools to do automated crypto trading, free trading bots do not offer you all feature of a trading platform, but still, with limited features, you can generate profits with free bitcoin trading bot by customizing your trading bot with trading strategies that work and generate profits
How to select a cryptocurrency trading bot?
Several factors need to be considered before getting started with any trading bot
Trading Bot Security: What security level a trading bot is providing, does a bot have 2FA or API keys encryption mechanism or not. Security should be the main factor to consider before using any trading bot
The reputation of a Trading bot: Does the crypto trading bot have a good reputation in the crypto community or not, see the discussion forum and social media, see customer feedback before buying any pricing plan of any trading bot
Crypto Exchanges: what cryptocurrency exchanges are supported by a crypto trading bot, Is your required exchange on the list of supported exchange by a trading bot or not
Customizable Trading strategy: What trading strategies and order types a bot can implement and with how much ease you can customize these strategies according to our needs
Easy User Interface: How well the GUI/UI/UX of the bot is designed for the crypto trader to easily understand, use and perform cryptocurrency trading, Also some trading bots come with pre-programmed trading strategies so that trader doesn’t have to design one and some platform allows you to program and implement your trading strategies, the right platform for you depends upon your cryptocurrency trading level
Speed of trading: With which speed a trading bot can properly execute orders on crypto exchanges, how much interval it takes in opening new positions
Cost of a trading bot: Some trading bot charge little per month and some are costly, some also charge a trading fee per every trade, you must see your budget and the pricing plan in detail of any bot before getting in
What are the Advantages of Using Cryptocurrency Trading Bot?
Automated crypto trading with crypto trading bots has many advantages
A crypto trading bot can analyze start and close the trade on many trading pairs and can perform hundreds of trades at a time whereas humans can only perform one trade at a time also Crypto Traders cannot perform trading 24/7, human have to sleep, eat and perform other human duties whereas bot can continue trading without any breaks for all day long, they do not get tired or get bored, they keep on trading for hours and days according to your inputs unless and until you stop them from trading
Crypto trading bot do the cryptocurrency trading without any emotion, they don’t have any fear of missing any trade nor any greed to jump into any trade without analyzing it, removing human emotions from trading is a big plus of automated crypto trading
Crypto trading bot perform trades very speedily, the human takes enough time to open or close single trade while trading bot execute multiple trades on various crypto trading pairs in no time
What are the Disadvantages of Using Crypto Trading Bot?
Crypto trading bot is not suited for beginners as all of them require traders to set up a bot with a trading strategy; you also need to understand the platform of any particular trading bot, how to use it, set it up and how to use its functions. You also need to monitor your trading bot, how well they are performing and what profit they are making. Bots do not have very high standards of security to protect users API keys, which is a big minus of trading bots.
How to trade cryptocurrency include a wide range of topics like what Cryptocurrency Trading Really Is, Main Points to Understand Before Trading Cryptocurrencies, Types and strategies of Cryptocurrency Trading and how to trade them
Cryptocurrencies started in 2009, and its pioneer is well known to all of us, the father of all cryptocurrencies The Bitcoin. Since then the digital currencies have become a famous instrument for trading because of their extremely volatile nature, making many fortunes but also destroying many more others.
There are now more than 3500 different types of digital coins available for crypto trading. But the beginners mostly want to stick with Bitcoin and Ethereum for trading cryptocurrency as they are the most well know and old cryptocurrencies to trade on with a lot of trading pairs multiple crypto exchanges
Other most common cryptocurrencies that are considered attractive for cryptocurrency trading are
Ripple
Cardano
Tezos
Litecoin
Binance Coin
Huobi Token
Kucoin
Ontology
Vechain
Matic
Stellar Lumens
Tron
Neo
Waves
Ethereum Classic
Zcash
Dash
Bitcoin Cash
Monero
EOS
Icon
Nano
Cryptocurrencies are created by a process known as mining, by mining new coins are produced and added to the circulating supply of that coin. The process of mining gives cryptocurrencies the unique feature that allows anyone to mine crypto and produce new coins making it a decentralized solution against the centralized fiat currencies where the government or state banks can produce or print fiat currencies like Dollar, Euro, etc
Crypto trading can be correlated to stock or forex trading. In stock trading, you invest in the stock of different firms like Nike, Google, Netflix and million others considering that the stock of that company will rise. In forex trading, you buy and sell fiat currencies against each other like Dollar, Japenese Yen, Euro, GBP, Chinese Yuan and hundreds of others. In the same way in trading cryptocurrencies, you trade these digital assets against each other
There are three cryptocurrencies whose trading pairs are most begged and most traded. Bitcoin, Ethereum and USDT.
Bitcoin has trading pairs like BTC/ETH, BTC/XRP, BTC/USDT, BTC/ADA and the list keep ongoing. USDT has many trading pairs like BTC/USDT, NEO/USDT, Vechain/USDT and many other and so like Ethereum
Now the thing to understand is that how that pair of BTC against any other crypto will work. Take an example of BTC/USDT pair (USDT stands for Tether USD dollar). In this trading pair when you will buy BTC you are going to give away your USDT to get BTC, At this moment if the price of BTC goes up while you are holding BTC then by selling BTC you will get back your USDT in more amount. But if the price of BTC dropped while you are holding it, selling it will give you a reduced number of USDT, against your original invested amount which shows that you have suffered from a loss.
Similarly in Bitcoin, Ethereum pair (BTC/ETH) to buy BTC against Ethereum you need to sell Ethereum to have bitcoin and vice versa
Other than the most commonly used trading pairs for cryptocurrency trading, the cryptocurrencies pairs vary from one crypto exchange to another. The pairs for Coinbase will be different form Binance Exchange and trading pairs from Binance exchange will be different from Okex Exchange. That’s why to trade your preferred crypto you need to have an account on multiple exchanges, where your needed trading pair is available
The superly volatile nature of the crypto market has allowed cryptocurrency exchanges to introduce margin and futures trading, these are the style of trading where you can use the utility of Leverage. In Leverage trading, you can multiply your profits with 1-100x of leverage but such type of cryptocurrency trading is only for advanced crypto traders, those who know how to take and manage losses in leverage trading.
Even intermediate traders show not try such type of trading because leverage trading takes no pity in completing liquidating (Abolishing) your crypto trading account in no time
Watch a video to understand how to trade crypto:
Main Points to Understand Before Trading Cryptocurrencies
Attention towards trading cryptocurrencies has been on the rise since 2017 when bitcoin crossed 19000$ mark. New and young investors are more attracted to trading.
Cryptocurrencies as crypto promise profits and loss in a very short time as compared to stocks where you have to wait for days to complete your trade-in either direction.
Happily, now top cryptocurrency exchanges like Coinbase, Binance exchange, Kucoin, Okex, Bitfinex, Kraken and some others have made buying cryptocurrencies very comfortable. They have offered methods like buying crypto with credit cards, Wire transfers, etc. Making the purchase and then trading cryptocurrencies accessible and simple for every one
However, some very common points need to be respected before you start doing trading
Market Cap and Trading Volume
The first cryptocurrency trader necessitate to think before beginning trading in any coin is the market cap and trading volume of any particular coin
More than 6000 cryptocurrencies are being traded on a list of very long crypto exchanges. So choosing your coins for trading wisely can be a difficult task. Market capitalization or market cap is the size of the company, It shows how much investment traders are willing to put in any coin.
Coin with a larger market cap determines the trust of the investors. Market cap is calculated by multiplying the price of a digital coin with its circulating supply. Coins with large circulating supply and market cap are less exposed to huge dumps and pumps and price manipulations and the price of the coins with a low market cap can very comfortably be shaped by the whales.
Crypto traders also must see what trading volume a coin has before jumping into trading. Large trading volume means that it is easy to buy any coin and then sell it, and in low trading volume, traders can struggle to buy or sell the coin. Very low trading volume is also the indicator that explains the crypto coin might be dead, crypto exchanges also delist such coin frequently.
Setting up Stop Loss and Take Profits
Cryptocurrency trader or any other market trader must not fall to emotion trading and should have a proper plan about its entry and exit points even before getting into any trade. Generous traders always stick to their trading plans, losses and profits don’t weigh that much than to stick with your trading strategy
Setting up Stop loss is a must-do thing for all the new crypto traders. As the crypto market is very volatile, the price of a coin may go up 20% in no time but it can come 30 to 60% falling like a stone in hours, so its better to take 1, 2% losses or whatever you can afford to lose than to take 40 to 50% losses, losing your capital and then keep on waiting for a long time that the price may increase to cover your losses
Stop-loss depends upon the crypto trader. How much any trader can afford to lose makes his strategy for a stop loss. The most practice is setting up a stop loss of 2-4% below your purchase price. But you must remember that in this sharp moving market of crypto, Large traders most commonly known as crypto Whales will use Stop Run and Stop Hunt strategies to drive little investors out of their trading positions
So in this fast-moving and manipulated market, it’s safer to take small losses and live to trade for a different day than to hold any coin that keeps on losing its worth over time and so you will your capital
Protecting You Digital Coin
Next, when you are set up for trading cryptocurrencies, the big step is to keep your cryptocurrencies safe, you can keep your coin protected on top crypto exchanges as these exchanges have taken very strict security measure to protect themselves from hackers but still, the most basic method is to hold your crypto on hardware wallets like Trezor, Ledger Nano S away from the internet, You can also secure your crypto in mobile, online or Desktop wallets
Financing in cryptocurrency is not complicated or unsafe. Crypto Trader just needs to have a plan of trading and one must do its research before beginning
Types of Cryptocurrency Trading
There are two basic types of crypto trading. Short term and Long term trading. Let us get into the details
Short-Term Crypto Trading
As the name shows in short term cryptocurrency trading you buy any crypto for a limited period of time hoping that the price will go up. This period of holding can be minutes, hours or for some days
Advantage
The main advantage of short term trading is that price if goes up can give you some very quick profits, unlike traditional stock markets where price move almost 1% a day, cryptocurrencies can give you fast 10 to 30% instantly
Disadvantage
As mentioned again and again the crypto is a fast-moving market o you need to check your emotions, it is very disturbing for new crypto traders if the price moves in the opposite direction of their interest.
Plus you need to investigate a lot to pick a right coin for you that can give you quick profits as there are hundreds of coins available to trade, picking a right coin with sufficient volume along with right timing can be a challenging task for any cryptocurrency trader
Point to Remember
Always apply stop loss to restrict your loses as financial markets care for none plus start to endure losses and no one is capable to make 100% profits right from the start
Long-Term Crypto Trading
The long term cryptocurrency trading is that when you purchase the digital coin and hold it for months or years, you should have heard the term “HOLD” in the crypto community which means to keep on holding your coins don’t sell them at lower prices and a day will come when you will be in profits
The style of trading is most beneficial when a market is moving upwards for a long time, like Gold that has been on the rise for more than 15 years, in the case of cryptocurrencies Bitcoin is a great example. Those who were able to acquire Bitcoin in 2011 in large size and held it till today are bitcoin millionaires now
Advantages
The main advantage of long term crypto trading is that you do not have to do a lot of technical analysis of charts and graphs, you don’t have any need to keep on checking the prices after every hour or minutes, it’s uncomplicated in the sense that once you have done buying you have to do nothing else but wait
The other benefit of this style of trading is that not a lot of investing amount is required to start with, you can grow your investment with time by buying periodically with the amount of extra money you save from your earnings
Disadvantages
The disadvantage can be you can lose some very good opportunities to make quick profits, assume a price of the coin rose over 50% in a day and then came back to its starting point after another day or two, you missed that 50% rise in price because you are holding for longterm and not selling you assets
Another limitation can be that as your ambition is to hold for the long term, you don’t pay attention to the bad news affecting your holding assets, any bad news regarding the team of your asset or government regulations can dip the price of that coin to that extent from where it may not recover again
Point to Remember
Even if you are holding coins for the long term always be in contact with the social media and crypto news to keep yourself updated to avoid complete loss of capital in case of any grieve news
Cryptocurrency Trading Strategies
Five main cryptocurrency trading strategies can be used in short and long term trading cryptocurrencies
Automated Crypto Trading
As the world of cryptocurrencies continues to mature, more and more services are being offered to a crypto trader to simplify the crypto trading process and make gains, Automated crypto trading is done by Crypto trading bot
A cryptocurrency trading bot is a software that is designed to analyze cryptocurrency trading data and place sell or buy orders on behalf of a crypto trader.
Cryptocurrency trading bots are made on predefined rules. But once you’ve purchased a bot, you can customize the trading bot according to your trading liking.
The person cannot stay awake all day and night and can never control its emotions while trading cryptocurrency but cryptocurrency market is active all the seven days of the week so crypto trading bot are becoming popular as they perform cryptocurrency trading without emotions and 24 hours a day
The most common term that is used in crypto is to Hold your coins. Some time holding is not respected as any strategy of cryptocurrency trading because you do nothing else and just hold your coins. The holding includes buying any digital coin and leaving it hoping that its price will increase in future but the opposite (the price fall of that coin) can also occur
Scalping Strategy
Crypto trader that is involved in scalping is the most active cryptocurrency traders, such type of trading require a lot of time in analyzing markets, sitting in front of the computer display for a long time to take profits from the small market movements
Scalping is a trading strategy in which crypto traders make profits from small price changes. Traders who execute this type of trading make ten to hundred trades in a single day with the hope that little moves in crypto prices are more straightforward to catch than large ones
Scalpers must take into account trading fees of the cryptocurrency exchanges, as traders make a lot of trades every day to take small profits, their gains are useless if their profits are not more after deducting the exchange fees
Scalping involves the trading time of seconds or minutes, the main ideas is to quickly book some profits before the price start a big movement again, scalping require a very strong exit strategy and strong decision-making skills to catch the price movements and remain profitable
Day Trading Cryptocurrency Strategy
Day trading cryptocurrency strategy involves a trading technique where cryptocurrency trader keeps their trades open for long hours and sometimes even for a day or two depending upon the market situation
The difference between day trading and scalping is that day trader takes a lot more time to finish their trades and in scalping trades are executed in minutes not if in seconds
Day trading crypto needs a lot of trading knowledge, Charts reading ability, Use of technical indicators, Strong decision-making skills and control of emotions. Day trading is done by active traders and most of them are full-time crypto traders that try to generate their living from day trading cryptocurrency
Swing Trading
In swing trading, the crypto trader tries to take advantage of up and down movement of the market for a few days to some weeks. Swing trading also needs a lot of fundamental and technical analysis of cryptocurrencies
Swing traders are more patient than day trading cryptocurrency as they are more measured and do not fear from small price fluctuations.
The main difference between the day trading cryptocurrency strategy and swing trading is the time factor. Day trading crypto is based on a few hours or a day or two but swing trading is for a longer period
Swing trading is considered to be the most profitable and widespread type of trading cryptocurrency strategy
Position Trading
In Position trading, the crypto trader holds a trade for a longer period of time almost for a month or year. Such traders ignore short term price movements. In position trading, most investors go long on their trades while holding for a longer period
Position trading promises very huge profits but the factor of risk cannot be ignored. Such type of trading strategy cannot be used for the option of livelihood.
Position trading demands a lot of detailed research on white paper and preceding market history of any coin before investing in it for long term
Buy The Rumour, Sell The News
That another day trading cryptocurrency strategy to buy the coins on the rumor and sell when the real news comes.
Suppose there is a rumor that some coin may soon launch on any top cryptocurrency exchanges like Binance exchange, the price of that coin will begin to increase after that rumor, that might be a great time to buy that particular coin for good profits and then selling it before the real news of launching comes in
You should sell the news because the whales in the market are far more active than you. They gather the coin, in much more numerous quantity than you and when the real good news of any crypto comes, they sell their large bags to buyers than come in much bigger numbers to buy that coin after hearing the good news
So that’s why after the real news happens, the price of already pumped coins may dump instead of going more up
How To Trade Cryptocurrency
Trading cryptocurrencies is very similar to trading forex or stocks, in trading cryptocurrencies, cryptocurrency trader must focus on using the best crypto trading platform like Binance exchange, Coinbase or others
There
Open an account on any Top Cryptocurrency Exchange
Deposit Funds to that Exchange
Start Trading
Securing your Funds in Wallets
Opening Account:
The opening of an account on any crypto exchange is the easiest task. You just need to provide your Email and password and your account is created.
After opening an account you need to verify your account if you want to increase your withdrawal limits
After trading, you can keep your funds in the exchanges but most desirable is to put them in cryptocurrency wallets
Main Types of Cryptocurrency Wallets
The main types of cryptocurrency wallets are
Desktop Wallets
A desktop wallet is installed on the user’s computer, giving complete control over funds and relative security.
There are thick desktop wallets that allow users to download network blocks and verify their authenticity, as well as independently manage their funds.
Users of thin wallets do not have to download blocks and can download them on a portable device.
The main advantage of a mobile wallet is that the user’s credit is always available. It is a very convenient method of paying for goods by scanning QR codes
One of the safest options for Bitcoin storage is to use two QR codes that are generated using a specific service.
One of them is a public key, address through which BTCs can be received.
The other is a private key that you can use to send bitcoins stored at that address.
Frequently Asked Questions
Is Trading Cryptocurrency profitable or not?
Trading cryptocurrency is no doubt profitable. But you need a lot of trading knowledge and emotionless performance. The more you are emotionless in trading cryptocurrency the better results you will generate from your trading. But you must remember that trading is not that easy that you will start earning from the first day because if that had been the case everyone would have been committed to doing trading cryptocurrency. Trading is a very intricate job that wants a lot of mixed skills of trading and analysis
How much amount is required to start trading cryptocurrency?
There is no fixed amount to start your cryptocurrency trading journey rather minimum cost depends upon the trading platform you are willing to trade, For example on Binance exchange you cannot perform any trade with less than 10$ amount
Do you need any License to start trading crypto?
You do not need any license to trade cryptocurrencies. But you may need to verify your identity after making an account on a crypto exchange. The condition for verifying your identity may vary from exchange to exchange. Binance exchange allow you trade and withdraw up to 2 bitcoin without verifying but on Coinbase you need to first verify your identity before depositing and start trading
Is Trading Cryptocurrency Legal?
Trading cryptocurrency is legal or not depends upon which country you are living in. Some countries may allow you to trade while some will put obstacles on every action related to cryptocurrency
This article discusses in detail about cryptocurrency mining, cryptocurrency mining rig, cryptocurrency mining software, and hardware, how mining work, main requirements for cryptocurrency mining, what is bitcoin mining, what are the main function of bitcoin mining, how to mine bitcoin, cryptocurrency mining impact on the environment, mining calculators and FAQ’s in the end
What is Cryptocurrency Mining?
Cryptocurrency mining is the method in which the verified transactions between the users are verified then added to the public ledger of the blockchain.
By this process of cryptocurrency mining, new coins are generated and then added to the circulating supply of that coin, for example by Bitcoin mining the newly produced Bitcoin will be added to the circulating supply of the Bitcoin network
The process of crypto mining makes cryptocurrencies unique and decentralized as there is no central authority controlling the mining process and everyone can contribute to the mining of the coins and produce new coins
One must know that all the cryptocurrencies do not rely on mining, the cryptocurrencies that are based on mining are known as Proof of Work coins and the cryptocurrencies that are not based on mining rather they rely on staking mechanism (cryptocurrency Staking) to verify their transactions are known as Proof of Stake coins
What is cryptocurrency mining? Source, Youtube: 365 Careers
What are Cryptocurrency Miners?
Fiat currencies are printed by the governments under very strict rules and policies, no one other than a state agency of any country is authorized to print its fiat currency, anyone else trying to print some fiat will find himself in prison
But in crypto, you can mine as much coin as you can. you need to have specific hardware and software for cryptocurrency mining to start doing the process.
Cryptocurrency miners are the one who uses application-specific integrated circuit (ASIC) hardware to run the mining algorithms with particular mining software like MultiMiner, EasyMiner, CGMiner to verify the blockchain transactions and then add those transactions to the blockchain public ledger and receive rewards in the form of newly created coin
Bitcoin miners will receive rewards in Bitcoins and Ehtereum miners will receive the reward in Ethereum and so on
How Cryptocurrency Mining Work
When a person send any cryptocurrency to the other user, the coins are sent safely and the transaction is recorded on the blockchain forever, this whole method works because of cryptocurrency mining
A miner is a node in the way that secures transactions and builds them in blocks. With every transaction received all network nodes checked for their validity. Later Miner nodes get those transactions from the storage pool and assemble them into the block
The first step in mining a block is to hash each transaction extracted from the storage pool individually.
To be regarded as a valid output, the block hash should be less than the certain target value, which is defined by the network protocol.
The target also realized as hashing difficulty is usually set by the protocol to guarantee that the price at which new blocks are produced prevails consistent and proportionate to the number of hashing power designated to the network.
Every moment new miners enter the network the competition rises, the hashing difficulty rises. The hashing difficulty drops when miners migrate from the network
If a valid hash is found, the founding node sends the block to the network. All other nodes check whether the hash is valid and in this case, add the block to their copy of the blockchain and continue mining the next block.
What Are The Main Requriment For Cryptocurrency Mining
The main requirements for the mining cryptocurrencies are
Cryptocurrency Wallet
You need to have a cryptocurrency wallet where you can put your coins after mining, ever crypto coin has different wallets, wallets for bitcoin will be different from the wallet of Cardano because the coins are built on a different blockchain. Coin built on similar blockchain can have same wallets, for example, You can use Ethereum wallet for all ERC20 tokens that are built on Etehereum blockchain
Cryptocurrency Mining Rig
Mining has become a complex thing. Few years before people were able to mine with their computer processing units (CPU) or graphic cards (GPU) and were able to generate profits from mining, These days you can do the same from your PC’s but the profit is not guaranteed and to be honest, it is now almost impossible to get profits from PC mining, You need to have an application-specific integrated circuit (ASIC) as your cryptocurrency mining rig.
ASIC’s are specially built for mining purpose only, these machines can mine cryptocurrencies at a very fast rate and can give you profits in mining, but on the other hand, they consume a lot of electricity and need a cooling system for proper operation
Cryptocurrency Mining Software
The software required for crypto mining will surely change according to the hardware you are utilizing for mining. The software to mine any coin on CPU will no doubt be different from the software to mine any coin on GPU or ASIC
For GPU Mining you can use EasyMiner. It also supports ASIC mining
Miners that only mine by themselves are sole miners, any reward earned by solo mining belong to that particular miner.
Nowadays mining any coin with only CPU or GPU is not worthy as mining has become more complex and advance, but you can earn some profits using ASIC hardware, or you can join a mining pool to increase your mining power
Mining pools are the pools where a group of miners is gathered and such pool gives you the ability to combine your mining power with the other members of the pool and this helps you to increase your hashing power and members get a bigger chance to win the block rewards. Any block rewards earned in a mining pool are then shared proportionally among the pool members
The other basic requirement for crypto mining is a 24/7 connected internet connection.
Cost of Electricity
Before starting any kind of mining you must fully calculate your cost of electricity. the ASIC rigs consume a lot of energy as they are working 24/7 to mine blocks, ASIC connection to the Blockchain must not be intercepted so they need a very consistent supply of electricity
Countries, where electricity is expensive mining cryptos, is not a good option because of the large number of electricity bills you will receive at the end of the month
Countries like Argentina where electricity is very cheap can be the best place to mine cryptocurrencies if governments of such countries allow you to mine cryptos
if you are using ASIC as your mining rigs you need to have some kind of cooling system to cool down these ASICs. As these mining rigs are running all day and night, they not only utilize a lot of energy but also generate a large amount of heat, it is very much essential to keep cooling your machines by any cooling method you adopt for them so that they can keep mining for you
What is Bitcoin Mining
In cryptocurrency mining the most favorite cryptocurrency to mine is Bitcoin and the process by which new bitcoins are produced by solving complex mathematical problems with the help of bitcoin mining hardware like ASIC run by bitcoin mining software like CGMiner, MultiMiner is known as bitcoin mining.
What are the Functions of Bitcoin Mining?
There are different functions of bitcoin mining, some of them are
With mining bitcoins, new bitcoins are issued, In traditional currencies Governments and Bank issues and print currencies but in the world of digital currencies, new coins are generated by mining or staking. The miners are rewarded with new bitcoins they generate every ten minutes. The reward issuance rate is permanently set in the Bitcoin mining system code so no miner can cheat it to earn extra rewards. Miner user ASIC devices to mine Bitcoin by solving the complex computational mathematical problems to produce new bitcoins
With the Bitcoin mining process, Bitcoin miners confirm the transaction in the bitcoin blockchain. When any transaction is included in the block, only then that transaction is supposed to be perfect and secure. That is because when the transaction is included in the block only then it is added to the bitcoin blockchain otherwise the transaction is considered incomplete. The more the confirmations for any payment the more secure and reliable the transaction is
In bitcoin mining, miners also secure the bitcoin network, by making it difficult for the hackers to attack, they also don’t let the exchange of transactions between the senders and receivers to stop or change. The only way by which any bitcoin transaction can be changed is by having network hah power of more than 51%. but as in the bitcoin network, hash power is shared among many different miners from different regions of the world making it almost impossible for the hackers to gain access to 51% of the hash power. This mechanism makes the bitcoin network secure and non-vulnerable to hackers
Bitcoin mining is a very broad topic, mining of bitcoin is getting difficult day by day, its not easy and nor convenient for any person to just start bitcoin mining. There are big mining firms like BitMain, F2Pool, and others that have taken almost control of bitcoin mining. However, the main steps in bitcoin mining are
You need to have bitcoin mining hardware commonly known as the application-specific integrated circuit (ASIC). The best in the industry are Bitman Antminer S9, Dragonmint T16, Avalon6, AvalonMiner 741 and many more
Then to run that hardware you need to have Bitcoin mining software that will run this hardware just like windows run your PC. The best Bitcoin mining software areCGMiner, MultiMiner, BFGMiner, BitMinter, Miner-Server, EasyMiner, Awesome Miner and many more
You need to connect to some of the mining pools that because mining pools are pools where a group of miners is gathered and such pool gives you the ability to combine your mining power with the other members of the pool and this helps you to increase your hashing power and members get a bigger chance to win the block rewards. Some of the mining pools are Poolin, F2pool, BTC.com, Antpool, ViaBTC, 1THash&58coin, Slush. BTC.top
You need to have a Bitcoin wallet so that after mining your bitcoin you can transfer your newly produced bitcoin to your wallet. the best bitcoin wallet in the form of exchanges are Coinbase and Binance exchange. Best for safety is Trezor and Ledger Nano S. Best for Desktop is Electrum and best online is blockchain.com
You need to have 24/7 Internet connection
You need to have some kind of fully functioning cooling system
You need to have a proper supply of electricity
Cryptocurrency Mining Impact on Environment
Cryptocurrencies mining harms the environment. There is a calculation that cryptocurrency mining can create 5-13 million tons of global carbon discharges.
The cryptocurrency mined produce four-time CO2 emissions as compared to the amount of energy generated by energy sources in Canada
A report by Coinshares Research Institute show that 81.4% of cryptocurrency mining plants are using electricity that is being made from renewable resources while the remaining 19.6% get their electricity from nuclear plants and fossils
The large scale miners are located in Iceland, Georgia, New York, Northern Scandinavia and Pacific Northwest, the locations that largely use renewable energy
The cryptocurrency mining produced nearly as much CO2 as 1 million cars in the identical time
According to de Vries, a single Bitcoin when mined absorbs a similar quantity of electricity required to provide a UK house for 63 days, 781,455 Visa transactions, or 62,765 minutes of video streaming at Youtube.
Cryptocurrency Mining Calculators
Before starting mining you need to calculate your profits, your profits will depend upon the hash rate you are getting from your mining hardware, the fees you are charged from your mining pool and the cost of electricity you will pay in the form of bills. Many calculators will help you to calculate your mining earning. some of them are
There are endless cryptos that you can mine, But here is the List Of best Cryptocurrencies to Mine
Bitcoin
Ethereum
Litecoin
Bitcoin Cash
Bitcoin SV
Monero
Zcash
Dash
Ethereum Classic
Komodo
Dogecoin
Bitcoin Gold
Sia Coin
Bytecoin
Verge
Grin
Beam
Syscoin
Aeon
Ravencoin
Digibyte
Frequently Asked Questions
What Is The Main Purpose of Cryptocurrency Mining?
The main purpose of the cryptocurrency mining is to produce new coins and add them to the circulating supply of that coin, to keep the coin blockchain network consistently working by validating transactions and avoiding the network from hacks and getting stagnant
Is Cryptocurrency Mining Legal in your country?
Before starting any kind of mining process, make sure that do your government allow you mine cryptocurrency. The rules of mining vary from government to government. Some countries will allow you to mine while others will not. You need to double-check your countries laws before starting mining to avoid penalties
Is Cryptocurrency Mining Profitable?
The profitability of mining will depend upon what kind of hardware you are using for mining, what kind of hash rate you are getting, the fees of the mining pool you have joined, the cost of electricity in your country and the price of the coin you are mining, to be profitable in mining you need to have multiple mining rigs and you should mine more than one cryptocurrency
How to Mine Bitcoin on Andriod and iOS?
There are apps on android and iOS that will let you mine bitcoin on your mobiles but what do you think you are going to make, a penny or little more than that in one year because the hardware of mobile is of no match in front of the specially designed ASICs machines specifically built for mining. So truly do not even think of mining bitcoin with your mobile phones, it’s of no worth at all
Can I Mine Bitcoin on My Laptop or PC?
The positive answer to this question is that you can mine bitcoin on your laptop or Pc but the negative and true answer is that mining bitcoin on your laptop or PC will earn you nothing. You cannot compete with ASICs mining hardware with the hardware of your PC or laptop. So do not waste your efforts on mining bitcoin with your PC and Laptop
Binance exchange review 2020 is a comprehensive review on Binance, the review explains the basics of Binance exchange with the help of tutorials, images, videos, and useful links, You will find Binance Exchange Key Points, How To use Binance, How to Trade on Binance, How to deposit and withdraw from Binance, Binance Fees, Binance Supported Cryptocurrencies, Binance staking, Binance Lending, Binance Launchpad, Details about Binance Projects like Binance US, Binance Dex, Binance Jersey, and Australia and much more, Its not just a review its a mini encyclopedia on Binance
Even if you haven’t bought any cryptocurrency yet, chances are you’ve learned about Binance exchange.
Binance exchange is one of the most famous crypto exchanges with 300,000 above daily active users, founded by Changpeng Zhao in 2017
The Malta-based cryptocurrency exchange is often recognized one of the best crypto trading platforms for daily trading volume and the user has access to more than a thousand crypto trading pairs being traded on Binance
Binance exchange is also increasing its scope for deposits and withdrawals with fiat currencies and the platform is only likely to continue to grow.
If you’re thinking about joining the Binance exchange read our in-depth detail review first. It is not just a review, it’s a mini-encyclopedia on Binance exchange.
We have made a step by step guide for you
What is Binance?
Binance is a crypto exchange platform that allows users to buy, sell, and trade cryptocurrencies like Bitcoin, Ethereum, Bitcoin Cash, and hundreds more.
Although the company is now headquartered on the European island of Malta, the project was founded by Chinese citizen Changpeng Zhao (CZ) in 2017 in China, but after the ban of China government on crypto projects, the exchange moved to Malta.
Binance Jersey and Binance Uganda, Binance US, Binance Australia were recently opened to enable crypto trading between Fiat and Cryptocurrencies
In less than two years after the launch of the Binance exchange, it has grown into one of the largest cryptocurrency exchanges in the industry.
The platform has more than $ 2 billion in cryptocurrency trading activity every day.
Binance was primarily just a crypto-to-crypto exchange, meaning it was not involved in deposits or withdrawals from Fiat currencies.
But the platform now offers support for bank account and credit card deposits and withdrawals
Binance exchange announced last year that the company wanted to launch the world’s first blockchain bank in Malta.
The platform also signed a memorandum of understanding with the Malta Stock Exchange to facilitate crypto trading in digital securities.
Binance Exchange Key Points
More than 1000 supported cryptocurrencies
Highest trading volume, more than 2 billion dollar a day
Binance exchange is capable of processing 1.4 million order every second
Users can access Binance Launchpad that list new cryptocurrencies projects on binance exchange and users can participate in initial exchange offering (IEO) of these new projects
On Binance Lending users can hold their cryptocurrencies to earn interest
Launch of Binance Jersey, Binance Uganda, Binance US, Binance dex and Binance Australia
Other than spot trading Binance has margin trading and future trading for its customers
Competitive crypto Trading fees and fast Support team
Signup to Binance.com and save upto 5% of Fees
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Signup to Binance.US
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How Binance exchange work
Binance exchange work like any other traditional stock exchange by allowing it users to buy and sell cryptocurrencies, due to its large volume of trading assets, high security and excellent customer support, Binance has become an attractive place for traders and investors
Not only Binance offers spot trading but Binance exchange is also offering margin and future trading of cryptocurrencies
The maximum leverage on margin trading is 1x to 5x and leverage trading on futures starts from 1x and goes as high as 125x
How to use Binance
Using Binance exchange is very simple, it has a very user-friendly interface and everyone can trade on Binance exchange easily
The whole process of how to use Binance is explained in several steps:
How to open an account on Binance exchange
How to deposit cryptocurrencies on Binance exchange
how to trade on Binance
how to withdraw from Binance
How to open an account on Binance exchange
Opening an account is extremely simple,
First, go to Binance exchange home page and click on Register
A window will appear as shown below, simply give your email and password. Verify your email by going to your email account and that’s it you have made an account on Binance exchange
Step two is setting up your account security
Binance exchange takes security very seriously as cryptocurrency exchanges are the most favorite target for hackers, Binance will ask you to set-up two-factor authentication.
This can simply be done by installing a Google Authenticator on your phone, you can also set up two-factor authentication by The YubiKey
You can also set up two-factor authentication by SMS authentication
These security measures are extremely essential for the security of your account
After setting up the two-factor authentication
The third step is to verify your identity on Binance exchange
If you want to withdraw more than 100 Bitcoin per day than you have to verify your identity but if your daily withdrawal limit is below 2 bitcoin than you do not need step 3
To verify your identity on Binance exchange first log in to your account
Then go to “Security” from the above tab
Then click on “Verify your identity” from the left sidebar
Then click on “personal” or “enterprise” as shown below
Click on “Personal” if you are an individual and then give all the required information that includes
Basic info
Require your name, residential address, country, and other basic info
ID info
To verify your identity the next step is to give your ID info
You can provide your ID card, Passport or Driver license to complete this step
After selecting an option from above you can take photo of your identity verification document or you can upload the front and back image of your proof of Identity card
Facial info:
Once your ID is submitted for approval the next and the last step is to provide your picture
To pass this step you need to take a photo of your facial image withholding an ID card, passport or driving license in your hand or you can upload your image while holding your ID
Once all the above steps are completed your Identity verification completion will take a day or two and you will be notified by email
How to deposit cryptocurrencies on Binance exchange
It’s a very easy process
You can fund your account with your credit card, bank transfer or you can simply transfer any cryptocurrency like BTC, ETH, etc from your wallet or any other crypto exchange to Binance exchange in some steps
Go to your dashboard
Click on Deposit
A window will appear as shown in the image, you can select any cryptocurrency you want to deposit in your Binance account, and in the above image, we have selected BTC
You can use the bitcoin address as shown in the image to send funds to this address from any other cryptocurrency exchange like coinbase or any other wallet you have to your Binance BTC deposit address
Simply copy your coin address and paste it on any other crypto exchange or wallet from where you are withdrawing funds to get your coins on Binance exchange
Always remember do not deposit any other Funds than BTC to your particular Bitcoin Deposit Address
Sending any other coin to your BTC address will result in the loss of that coin as every coin has its unique deposit and withdrawal address
How to trade on Binance exchange is a relatively simple question if you have any basic knowledge of cryptocurrency trading.
We will guide you with a completely with the help of images
After depositing funds in your Binance exchange account go to the “trade” option
There you will see four option
Basic
Advance
Margin
Futures
Select the “basic” first
A window, as shown above, will appear
On the right-hand side of the screen shown above, you can select a tab from BTC, BNB, ALTS or USD@
From this list you can choose any crypto pair you want to trade, whether you want to trade in BTC/USDT, BNB/ETH, OMG/ETH, etc whatever pair you want you can select from these four options
BTC have BTC pairs like BTC/ETH, BTC/ADA and much more BNB have bnb pairs like BNB/OMG, BNB/ONT and much more
You can also create a list of favorites by clicking on a star shown against any pair
Once you have selected your pair for trading like BTC/USDT, on the above image you can see that the prices in the red are the prices that people are willing to sell and prices in the green are the prices people are willing to buy. The last sale price is shown in the middle of the sell and buys prices
On the image above trade, history is shown at the right side of the screen, trade history is the list of trades that have been completed
After all the above explanation now you can place your order, the first option that is selected by default is “Exchange” its also Spot Trading
Now from the above window, you can manually enter a price you are willing to purchase or sell any crypto trading pair you want to trade, but a better way is to click a number on the buy or sell orders placed on the left side of the screen.
After selecting your order type and placing the order you will see all you open orders that are not filled in open order section and once they are completed you will see them in your order history below the open orders section
Advance:
The advanced window of Binance exchange will look like
All the features of the Binance advance are the same but the placement of these features are different; the process of making orders is the same
Margin Trading on Binance Exchange
Now after the “Exchange” section next thing you will see is that there are options for Margin and Futures as shown below
Binance exchange gives you the feature of margin trading, for margin trading you need to open a separate account within Binance exchange, which can be done with a couple of clicks
Margin trading on Binance gives you leverage to trade up to 5x but such type of cryptocurrency trading comes with bigger risk and beginners must not do margin trading unless they have a sound knowledge of cryptocurrency trading
Below video explain how to start margin trading on Binance
For Binance future trading you need to open another account within Binance exchange that will be specifically for futures trading, which is very easy to setup
Binance future trading gives you the ability to trade Binance futures with leverage up to 125x
But future trading is very risky with great profits very big significant losses can come; you must not start future trading until you are a trading professional
Binance futures fees
Binance futures fees depend upon how much amount of bitcoin you are trading on monthly basis and the amount of Binance coin (BNB) you are holding, the whole Binance futures fees schedule is shown in the image below
How to withdraw from Binance
Withdraw from Binance can be done in a number of steps
From the above tab from the “wallet” option select “Spot wallet” option
Now select “withdraw” option from the left sidebar, a window will open as shown in the image below
Now from the “coin” option select any coin you want to withdraw, on the above image we have taken BTC as an example
Now enter “Recipient BTC address”, the address of the wallet or crypto exchange to which you want to withdraw from Binance
Then enter the amount of Bitcoin cryptocurrency ( or any coin you are withdrawing)
Below the amount option, you will see the minimum amount to withdraw, transaction fee and what you will get after deduction the transaction fee
Then Click on “submit”
Then enter the two-factor authentication code that you will receive when you will click submit
Then go to your email and verify your withdrawal request
Now after this has been done you will see your withdrawal request in “Recent withdrawal History” as shown in the image below
Wait for network confirmations; normally it takes 15 minutes to 1 hour for any deposit or withdrawal transaction to be completed
Binance Main Topics
Binance Fees
Binance normally charge 0.1% fees for every single trade you make, e.g. if you buy any coin you will pay 0.1% and when you will sell that coin you will again have to pay 0.1%
But Users that hold Binance coin (BNB) or users that have a large volume of trading can become VIP members. The Higher VIP grade you have the lower Binance fees you will pay
But if users are paying their Binance fees using Binance coin buy holding BNB in their accounts they can get 25% discount on every trade
Below image fully explain the Binance fees structure
Binance Lending
Binance lending is the feature of Binance exchange where users can hold there crypto assets like BTC, BNB, USDT, etc and earn interest
Whether you are a holder of cryptocurrencies or trader that want a break from crypto trading, the Binance lending feature allows you to get gains to form your holdings, no matter how much the cryptocurrencies market moves.
Users can start using Binance Lending by going to the “Earn” section from the above tab of the Binance exchange and then clicking on “Lending”. Every cryptocurrency interest and term differs from other
Staking is a process where users can hold cryptocurrencies in their particular wallet, and as a result of holding funds in wallets you are rewarded for holding these coins
For e.g, if you hold ontology in your wallet on Binance exchange, then after every month you are paid with ONG coin
Every cryptocurrency staking reward and staking period is different from another
Which coin Binance exchange support for staking?
Currently, Binance exchange offer to stake in the following coins
NEO (NEO/GAS) Hold NEO and you will get the GAS coin
Komodo (KMD)
Algorand (ALGO)
Qtum (QTUM)
Stratis (STRAT)
Ontology (ONT/ONG) Hold ONT and you will get ONG coin
Vechain (VET/VTHO) Hold VET and you will get VTHO coin
Stellar (XLM)
How to Participate in Binance Staking?
Simply deposit any of the coins that Binance staking support, hold it on Binance exchange and start earning staking rewards
Does Binance charge any fees for staking?
Binance exchange does not charge any fees for staking
Can I trade the staking coins?
Yes you can trade the staking coins but when you trade your staking coin for another you staking balance will change and so will you staking reward for that day
Binance Supported Cryptocurrencies
What Cryptocurrencies does Binance Support
There are so many cryptocurrencies that Binance exchange support, mentioning every one of them is not possible because it’s a huge list. Major supported crypto coins by Binance exchange are Bitcoin, Ethereum, Cardano, Ripple, Litecoin, Ethereum Classic, Ontology, Vechain, Binance coin, Dodge, Tron, Stellar Lumens, Neo, Tezos, Basic attention tokens and many more
All the cryptocurrencies on Binance have trading pairs against, BTC, ETH, BNB, and USD@
You can see the complete list of Binance trading pairs by visiting Binance markets
By going to Binance markets, On the search option write the name or symbol of your coin, for example, write ontology or ONT and then see what trading pair of ONT you are interested to trade
Whether you want to trade ONT against BTC/ONT, ETH/ONT, BNB/ONT, USDT/ONT or PAX/ONT
Simply write the name of your coin and select its trading pair you want to trade
Binance exchange has everything for you
Binance Security
Security is a top priority at Binance
Binance exchange has invested unlimited hours and big resources to ensure that the Binance exchange platform is protected from bad actors by integrating big data analytics and AI technologies to prevent Hack attacks.
Binance exchange has worked with various cybersecurity and compliance companies in the blockchain space to prevent data breaches.
With an organizational level commitment to preventing unauthorized activity and increased security Binance exchange can create a more secure environment for cryptocurrency investors.
Only because of such top-level security and the large volume of trading, Binance has become most favorite of exchanges for the crypto community
How to increase the security of your Binance account
Following tips are very important to protect your binance or any other cryptocurrency exchange account
Always use 2-factor authentication, it’s a must for your account security, most preferable is google 2-factor authenticator
Always use a very strong password and try to keep changing your password over time
If using API always use necessary steps to secure your account
Install antivirus from a popular source and keep your antivirus updated
Always make sure that your internet connection is safe
Always use a secure password manager
Always use unique emails for each of your accounts on crypto exchanges
Try to identify phishing attempts and avoid them
Always check the list of devices that are authorized to access your exchange accounts
Read in detail in-depth about the security measures of your Binance account
SAFU the term most used by the Binance founder and CEO Changpeng Zhao, Binance SAFU are the Secure Asset Fund for Users (SAFU) introduced by Binance in 2018.
The SAFU is a reserve fund that if Binance experiences a hack then SAFU funds will be used to compensate Binance users.
The SAFU fund is financed with 10% of all trading fees generated by Binance.
Binance platform was hacked in May 2019. The hackers were able to withdraw 7,000 Bitcoin, which market value at that point was over $ 40 million.
The good news was that the platform used the SAFU funds to compensate its users, and as a result, Binance customers didn’t lose a single penny because of the theft.
The customers by this gesture of Binance exchange started to trust the crypto exchange more and its business grew more even after a big hack
Binance Customer Support
Binance exchange offers some very fast and reliable customer support, it’s one of the main features because of which the exchange is loved and trusted
The support team is very committed to solving customer quires as fast as they can
on Binance exchange support you can submit a request of your problem, read FAQ’s, Beginners Guide, API Documentations or join there community
Binance Exchange App
Does Binance have an app?
The answer is yes. Binance offers an app for trading
With Binance crypto app you can
Trade cryptocurrencies easily on your mobile
Strat crypto lending and crypto staking using Binance crypto app
Do margin trading from your mobile
Start leverage trading from Binance app and much more
Binance USD
What is Binance USD?
Binance USD is Binance backed stable coin that is 1:1 backed by the US dollar. Binance USD is issued with the partnership of Paxos and is approved by the New York State Department of Financial Services (NYDFS)
How do I get Binance USD?
You can get BUSD by Purchasing Binance USD with fiat currencies on Binance exchange
You can convert stable coins PAX, USDT, USDC, TUSD to BUSD
You can trade Binance USD, a variety of trading pairs are available on Binance exchange against BUSD
Just like local bitcoin, Binance has launched its P2P trading service by which consumer can directly purchase BTC, ETH, BNB, and USDT from the consumer (C2C) or business to consumer (B2C) on Binance peer to peer trading platform
Binance peer to peer currently has Vietnamese Dong (VND) Russian Ruble (RUB) & Chinese Yuan (CNY) for buying and selling Binance coin (BNB), Tether (USDT), Bitcoin (BTC) and Ethereum (ETH)
This service is currently available on Binance app and many more fiat currencies are expected to come in future
The founder and the CEO of Binance exchange Changpeng Zhao has a following of four hundred and seventy-six thousand on CZ Binance twitter and growing every day
He is a man of his words and a strong leader, leading Binance exchange perfectly
Binance US was Binance’s response to U.S. regulations that prohibit citizens in the US from trading on Binance exchange
The main points are:
Binance US has compliance with rules and regulations of US
Users can use USD to buy cryptocurrencies directly on the exchange
Binance US has a trading pair of BTC/USD, ETH/USD, XRP/USD, LINK/USD, BNB/USD, BCH/USD, USDT/USD and you can see more on https://www.binance.us/en/markets
User can link their bank accounts directly to the Binance exchange
Binance US was launched in September 2019 and supports about 20 cryptocurrencies but many more are expected to be added to the exchange in the future
Users can transfer USD from their bank accounts by their debit or credit cards to Binance Exchange account via wire transfer or ACH.
Binance US fees Schedule:
By default, the fees forever trade is 0.1% per trade but the if you hold Binance coin (BNB) in your account or you are a trader with trading with the large volume you will get discount on fees
25% discount is available to users who hold some Binance coin (BNB) and are willing to pay their trading fees in Binance coin
The complete schedule of Binance us trading fees are shown in the image below
Users from the following states are prohibited to open Binance US accounts:
Louisiana
Florida
Georgia
Hawaii
New York
Texas Vermont
Washington
Alabama
Connecticut
Idaho
North Carolina
Sign up for Binance US
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Binance Jersey
Binance Jersey is for users who are not US citizens and want to buy cryptocurrencies against Euro and GBP
The main points are:
Buying and selling cryptocurrencies with USD and Euro
The crypto trading pairs on Binance Jersey are
BTC/EUR BTC/GBP ETH/EUR ETH/GBP
BCH/EUR BCH/GBP BNB/EUR BNB/GBP
LTC/EUR LTC/GBP
Users can transfer GBP and EUR directly from their bank accounts to the Binance Jersey exchange through Faster Payment or SEPA, The list of countries with this payment feature can be seen on
Binance Jersey is available for trading in the following countries
BinanceLite Australia
Binance Lite Australia is powered by Binance exchange and it offers a very simple and most secure way to buy bitcoin and Binance coin (BNB) with Australian Dollar or with internet banking at a newsagent near you.
You can Purchase BTC and Binance coin with internet banking with the Binance lite escrow feature.
Or you can place an online order and then complete your order by going to nearest Newsagent
For detailed FAQ’s on Binance lite visit
https://www.binancelite.com/faq/
Binance Uganda
Binance Uganda is the safest place to buy bitcoin with Ugandan Shilling (UGX) is Binance Uganda
How to buy bitcoin with Binance Uganda
You can start buying BTC in three simple steps on Binance Uganda
Step 1 is to create your account on Binance Uganda
Step 2 is to link your Binance Uganda account with Mobile Money Account
Step 3 is to start buying and selling bitcoin
What cryptocurrencies does Binance Uganda support?
You can buy BTC, ETH, Binance coin BNB, BHFT, LTC, PCAT, BCH and PAX with Ugandan Shilling (UGX) on Binance Uganda
What is Binance Uganda Fees
Order fees to buy any crypto is 0.1%
Deposit fees from mobile money are 1.5%
Withdrawal fees from Mobile money are 250 UGX plus standard charges of the mobile money service provider
Detail image is given below explaining Binance Uganda fees
For more details visit:
https://www.binance.co.ug/en/fees
Binance Dex
Binance DEX is a fast and reliable decentralized cryptocurrency exchange, like ethereum, binance dex is Binance chain and has its own blockchain
The main points are:
It is a decentralized exchange, it’s a blockchain.
Due to the popularity of Binance chain, many cryptocurrencies that are built on the ethereum chain are migrating to Binance chain
According to coinmarketcap Binace dex support trading of over 80 cryptocurrencies and has a trading volume of almost 100 BTC a day
Only limited orders are accepted. The Binance decentralized exchange does not continuously match orders
Users retain custody and control over their private keys and funds.
User cannot purchase cryptocurrencies on Binance dex with fiat currencies
Binance Dex fees are variable and keep on changing, the details of the Binance dex fees are shown in the image
Binance Charity is a nonprofit organization that aim is to improve the living condition of the poor by a blockchain donation system. The aim of the organization is that in the revolution of blockchain system no one must be left behind and all poor’s should be helped by all means possible
Binance Info
Binance info is a cryptocurrency information platform that will provide you a deep analysis of cryptocurrencies by giving highly researched reports of these digital assets for users in the crypto world
Binance Labs is the venture arm of the Binance exchange that is formed to invest in and to give power to the cryptocurrency startups and communities.
The mission of Binance Labs is to help and support the cryptocurrency projects that will help grow the blockchain industry
Binance Launchpad
Binance Launchpad is a platform that lists new cryptocurrencies projects on Binance exchange by offering initial exchange offering (IEO) where users can participate in these IEO’s
Binance launchpad has been the most successful in launching some very authentic projects and also users earned sound profits by participation in initial exchange offering of these projects on Binance Launchpad
Many famous projects were launched on Binance launchpad and there initial exchange offering was completed and users earned handsome profits by IEO’s of these projects, some of them are
WazirX
Troy
Elrond
Harmony
Matic
Bittorent
How to use the Binance launchpad?
Binance offer IEO’s by a lottery and ticket claim system, Binance launchpad lottery system is explained below
Trust wallet
Trust wallet is the cryptocurrency wallet for android, apple, and IOS, it’s a multi-currency wallet that supports ERC20 and BEP2 (Binance chain) tokens
Trust wallet is owned and supported by Binance exchange, below is the list of trust wallet supported coins and blockchains, many more will be added with time
Frequently Asked Question
Is Binance safe to keep your crypto?
There are many questions is Binance safe? Is it safe to keep coins on Binance? etc the answer to all of them is that funds on Binance exchange are the safest because of the security measures Binance take to protect its users, Binance partners with large online security providers firms and data analyzing companies to keep its customers safe, Binance exchange keep on educating its users to protect their accounts. Binance has also a reserved fund known as SAFU to compensate its users in case of any hack
What is Binance SAFU?
SAFU the term most used by the Binance founder and CEO Changpeng Zhao, Binance SAFU are the Secure Asset Fund for Users (SAFU) introduced by Binance in 2018.
The SAFU is a reserve fund that if the platform experiences a hack then SAFU funds will be used to compensate Binance users. The SAFU fund is financed with 10% of all trading fees generated by Binance.
Is Binance Legal?
Being legal means that do Binance following regulation standards or not. Regulation is a broad topic and has two basic requirements that know your customer (KYC) & Anti-money laundering (AML)
KYC means the crypto exchange must know its customers. This is why Binance ask for your Identity card, address proof, and others,
AML means the cryptocurrency exchange should observe every transaction to make sure it is not related to fraud and money laundering, Binance exchange has a team of professionals and firms being outsourced to full these requirements
Binance has Binance US, Binance Singapore, Binance Jersey, Binance Uganda, Binance Australia. All of these exchanges are fully compliant with local regulations
Are US citizens able to trade on Binance exchange?
Yes definitely, Binance is not just an exchange it’s a world of cryptocurrencies. US users can trade on Binance US. Binance US has compliance with rules and regulations of US, Binance US Users can use USD to buy cryptocurrencies directly on the exchange, Binance US has a trading pair of USD to cryptocurrency that is BTC/USD, ETH/USD, XRP/USD, LINK/USD, BNB/USD, BCH/USD, USD/USDT
Where is Binance located?
Binance HQ is located in Ta’ Xbiex, Malta and offices in London, Singapore, Germany France, and 6 other locations worldwide
How to withdraw from Binance to Coinbase?
Withdraw from Binance to Coinbase can be done in a number of steps
Log in to Binance exchange and from the above tab from “wallet” option select “Spot wallet” option
Now select “withdraw” option from the left sidebar, a window will open
Now from the “coin” option select any coin you want to withdraw
Now enter Coinbase Recipient address of the coin you want to withdraw
Then enter the amount of coin you want to withdraw from Binance to Coinbase
Then Click on “submit”
Then enter the two-factor authentication code that you will receive when you will click submit
Then go to your email and verify your withdrawal request
Wait for network confirmations; normally it takes 15 minutes to and 1 hour for any deposit or withdrawal transaction to be completed
Was Binance ever hacked?
Yes, the Binance platform was hacked in May 2019. The hackers were able to withdraw 7,000 Bitcoin, which market value at that point was over $ 40 million. But Binance exchange was able to refund its customers by using its SAFU funds and by doing so Binance was able to build more trust of its users and increased its reputation among its customers
How to download the Binance app?
It’s very easy to download the Binance app
Steps 1 go to Binance exchange home page
Step 2 moves your cursor to the download icon (i.e a downward arrow) on the top right corner of the screen
By doing so you will see the three option
App store
Google Play
Andriod
If you are iPhone user click on the “App store” download and install the app from the apple store
If you are an android user you can go to “android” and download and install the app in your mobile from the android store
Conclusion
Binance exchange is the best crypto exchange at this time, it has excellent leadership, great management team, top security, and fast customer service, They are slowly but surely building every day and achieving some astonishing success in the blockchain industry in a very short period
In this, in-depth article we have discussed What is Ethereum, its history, How Ethereum works, Advantages and Disadvantages of ETH, How to buy Ethereum from different resources, How to properly store your Etherum, ETH mining and Proof of stake plus detailed FAQ’s in the end
What is Ethereum?
Ethereum is a public, open-source, blockchain-based, a distributed software platform that developers can use to build and deploy decentralized applications.
ETH is a decentralized system that uses a peer-to-peer approach.
Every single interaction takes place between the participating users is only supported by them without the involvement of a control authority.
Ethereum is based on decentralized operations, meaning it is not governed by any single power.
As a decentralized system, ETH is completely autonomous and is not controlled by anyone. It has no central source as it is run by thousands of volunteer computers around the world, which means it can never go offline.
Second, it is important to understand that although Ethereum and Bitcoin are constantly compared, they are two completely different projects with completely different goals.
Bitcoin is the first primary crypto and money transferal method based on and backed by a distributed public ledger technology
ETH used the technology behind Bitcoin and significantly expanded its capabilities.
It is an entire network with its internet browser, coding language and payment system.
Above all, users can use it to create their decentralized applications in the ETH blockchain.
These applications can either be completely new ideas or decentralized revisions of existing concepts.
The whole Ethereum operation is maintained by a system called “nodes”. Nodes are enlistees who download the complete ETH blockchain and fully reinforce all of the operation’s customs, keep the network fair, and earn rewards.
Ethereum has a lengthy, argumentative history that has had a huge impact on the design of the ETH. The white paper introduced by Vitalik at the end of 2013 was the heart of the ETH era.
As a core concept the goal was to create a distributed computing platform that fully utilized the potential of blockchain technology.
The general ambition of the project outlined in the White Paper and the technical expertise of its founder got the attention of many in the cryptocurrency space.
The platform’s core innovation, known as the Ethereum Virtual Machine (EVM), is a complete piece of software that works on the Ethereum network and enables anyone to run any program on the ETH blockchain despite any know-how of the programming language.
The result is the potential to build quality decentralized applications on an ETH platform.
Ethereum making started in 2014 with Vitalik with his modest team started through the Swiss company ETH Switzerland GmbH and the Swiss non-profit ETH Foundation.
In July 2014 ETH did a crowd sale that raised over $ 14 million. In September of the same year ETH was distributed to investors and the development team while the remaining funds went to the Ethereum Foundation.
In July 2015, the first trial main net version of ETH was released and was termed as the Frontier version. The first major upgrade to the Ethereum platform was released in March 2016 as Homestead that was considered stable and focused on gas prices, security, and transaction processing.
ETH was created with the capability to create complex contracts
With smart contracts, security means handling every possible way in which a contract can be executed with perfect accuracy to ensure that the contract does only what the author intended.
Ethereum started with the idea that “code is law”. That said, an Ethereum contract is the ultimate authority and no one can override the contract.
Users generate transactions in the form of smart contracts that operate on ETH. When a user forwards a transaction to a contract, every computer working as a node on the network run the contract code and then register the output
The whole process is performed by utilizing the ETH Virtual Machine, which transforms the smart contracts into directions the computer can read.
To update the event, the process of mining is used. Mining is performed with a Proof of Work algorithm just like Bitcoin.
The ETH contracts are completely safe from third party tampering.
All decentralized apps and DAOs included in the network cannot be controlled by anyone. This excludes the conflict of fraud and corruption and makes the network safe from any tampering.
The entire platform is decentralized, which implies there is no possible single point of failure. Therefore all apps constantly stay online and they are never switched off.
Besides, due to its decentralized nature and cryptographic security, the Ethereum network is well protected against possible hacking attacks.
Disadvantages of Ethereum
Even though smart contracts are supposed to make the network flawless, they can only be as good as the people who write the code for them.
There is always room for human error and any error in the code can be exploited. In this case, there is no direct way to stop a hacker attack or exploiting this error.
The only possible way to correct any discrepancies is by rewriting the underlying code. However, this completely contradicts the nature of the blockchain, since it is supposed to be an unchangeable ledger.
How To Buy Ethereum
Ethereum (ETH) can be bought from three main sources
Cryptocurrency brokers like Coinmama, Bitpanda, eToro, and others
Trading platforms like Coinbase, Binance, Kucoin, Okex, Bitfinex and many more
In contrast to exchanges, There is some peer to peer exchange services that enable a more direct connection between users. Local bitcoins are an example of such an exchange. After creating an account, users can post buy or sell requests for ETH, including information about payment methods and prices. The users then browse through the listings of buy and sell offers and pick the trading partners with whom they want to do business.
When practicing a web-based wallet user’s private keys are stored online on a server that is controlled by someone else and is connected to the Internet.
In this way, users can effortlessly access their credit from any device around the world.
However, there is always a risk that the server will be hacked or even the organization running the service can get control of your bitcoins
The main benefit of a mobile wallet is that the user’s credit is always available. It is a very convenient method of paying for goods by scanning QR codes
Mining is a process where new cryptocurrency coins are created and added to circulating supply.
The miners of the Ethereum are paid with newly created ETH as a reward of mining.
Mining Ethereum in this way is known as proof of work. It is called Proof of Work because the node has to prove that it has done the work by checking the transactions to get its ether reward.
The disadvantage of mining is that the application-specific integrated circuit “ASIC” used for mining ETH utilizes a lot of computing power and electricity which makes mining very expensive and complicated.
The other way is proof of staking to verify transactions and earn rewards. In proof of staking users only had to hold Ethereum in their wallets to become network validators and contribute to the Ethereum Blockchain.
Users need to hold a minimum of 32 ETH to earn 4% to 10% rewards annually, Users that are contributing to the Ethereum Proof of stake are known as Stakers or Stake Holders.
The feature that makes Etherum so precious is that you can edit the Ethereum code to build new coins on ETH Blockchain, You must notice that there are thousands of ERC20 tokens in the market, some of the well known are USDT, USDC, HuobiToken, PAX, etc all are using the Ethereum Blockchain
How New ETH Coins Are Created?
New Ethereums are produced by the process of mining. Mining is a process where you solve complex mathematical problems by mining hardware like ASIC rigs to invent new ETH. Mining demands a lot of energy and hardware specification so it is not fit for every one
How Many Ethereum Are In Market?
According to coinmarketcap at the time of writing, the circulating supply of Ethereum is 110,374,172 and it will keep rising with time as new coin are being mined and added to circulating supply
What Is Ethereum Gas?
Gas is the number of fees that users must pay to run the contracts successfully. If the gas amount is not adequate, the contracts will stop functionally accurately
The likewise is the case in Ethereum transactions. Users pay the gas amount to the miners to complete the transactions on ETH blockchain. The miners may neglect the transactions with lower gas fees or such transactions may take a lot of extra time to complete because of lower gas fees
How long It Need To Mine Ethereum Block?
Approximately it took 15-20 seconds to add a new block to the Ethereum Blockchain
Can I Modify the Ethereum Transaction?
You must double to triple check a transaction before adding it to the blockchain, you must check the quantity of ETH being sent, the address where the ETH is going, and the fees you are going to pay again and again because when the transaction is recorded on the blockchain there is no way it can be replaced or changed, So you need to be extra care full before initiating any transaction
Are The Transactions On Ethereum Private?
No, because Ethereum is not a privacy coin. All the transactions are visible publically. Though the real name of a person is not stated on the transaction, there are techniques by which the transaction can be connected to your identity
How to deposit Ethereum on Binance Exchange?
If you have ETH on any wallet or cryptocurrency exchange you can deposit it on your Binance account is some simple steps
From the coin list select Ethereum, copy the address and send your ETH to the corresponding address
Wait for the transaction confirmation, after the transaction is confirmed your Ethereum will be credited to your Binance account
How to store Ethereum on Binance Exchange?
You can store you Ethereum on Binance as it is easy and secure, You can not only trade Ethereum on Binance on hundreds of ETH trading pairs but there are alternatives methods like Staking and Lending, with which you can earn more with your ETH
How You Can withdraw Ethereum from Binance Exchange?
If you possess ETH in your Binance exchange account, you can withdraw it with some easy steps
First of all Log in to your Binance account
Click on the spot wallet and then select withdraw
Select Ethereum from the list and then select a network
Insert address of the recipient and amount you are willing to transfer and click on withdraw
A confirmation email will be sent to your email linked with your account, go to your email and confirm the transaction
Ethereum will be credited to your given address once the transaction is confirmed by the ETH Blockchain
