Altcoins Crypto Exchanges: complete insights. Published 8 months ago on July 13, 2018 By Coinnounce - Coin Announcements Share Tweet Understanding the centralized as well as decentralized exchanges along with trading. Introduction Crypto exchanges have been proved to provide enough liquidity and maturity to the overall cryptocurrency market though 90% of all the Crypto exchanges are centralized in nature. This centralization of cryptocurrency exchanges is against the decentralization concept of the cryptocurrencies. Centralized exchanges are ones where all the authority is vested with a single person and is highly vulnerable to cyber attacks and hacks. A user needs to comply with a number of Identity verification process by providing the required documents and in turn, provides lesser privacy. In case of a centralized cryptocurrency exchange, there is already been a witness that they are open to a number of hacks and might face server downtimes due to high traffic inflow. The exchanges support conversion of cryptocurrencies into Fiat currency and even have trading pairs between them. Additional features like a digital wallet, crypto Debit cards, etc are available. Decentralized exchanges are nothing but peer-to-peer exchanges where the authority is distributed among its participants with no single point of failure hence are lesser are safer when compared Centralised Crypto exchange but the decentralized crypto exchanges are not that popular. The user usually need not provide any personal documents since the exchange provides high levels of anonymity. A decentralized cryptocurrency exchange has either of no hack experienced till now along with no server downtimes. The trading pairs are only between cryptocurrencies, no fiat trading is possible. Its features are limited to only a handful of them. Trading pairs A trading pair generally refers to the seamless trades that one can undertake between two currencies. The currencies can either be cryptocurrencies or fiat currencies. BTC/LTC, ETH/BCH, etc are some of the examples of cryptocurrency trading pairs. Whereas ETH/ USD, BTC/EUR, LTC/INR, etc are some of the popular fiats with crypto trading pairs. Centralised exchanges support both Fiat currencies and cryptocurrencies for the trading pairs but in case of decentralized exchanges, conversion is possible only between the cryptocurrencies. Different trading prices for exchanges The most prominent reason that can be quoted for the difference in the prices of the trading pairs on different exchanges is the real-time demand and supply of that particular cryptocurrency. As the cryptocurrencies are not related to a single exchange the value of cross different exchanges with respect to any other currency keeps fluctuating due to the demand and supply in that particular region at that particular time. This discrepancy in the values of the trading pairs can be taken advantage of, by a daily trader in order to gain some profits. Gain profits through this difference in price Arbitrage is the precise term used for the process of gaining profits through the difference in the prices on different cryptocurrency exchanges. user sells his cryptocurrency on the exchange where the value is higher and buys the same amount of cryptocurrency on another exchange where the price is lower, hence has the same amount of cryptocurrency but has made some profits due to the differences in the prices on different exchanges. Triangular arbitrage is a higher level of making advantages in price discrepancies among three currencies rather than two. Here the transaction time must be instantaneous, in order to avoid price slippage. If cryptocurrency exchange takes a long time to confirm the transaction then this method might not prove to be profitable, as the prices might have consolidated. Start trading In order to start trading with a cryptocurrency, a user needs to register himself on the exchange by providing the necessary details and also enabling the two-factor authentication. Post which the user needs to deposit some funds through bank transfer. Once the funds are available on the account the user can start trading and the basic trading principal says, buy low, sell high. It is highly advised to move all your cryptocurrencies out of the exchange once the trading is done as they are highly vulnerable to cyber attacks. Top Centralised exchanges Coinbase Poloniex Binance Bittrex Simplefx Bittrex CEX BTC-E Top decentralized exchanges Blockonix Bitsquare NVO BlackHalo Coinffeine Blocknet Related Topics:Arbitragebitcoin exchangebitcoin priceBITCOIN PROFITbitcoin tradingBlockchainbtcCENTRALIZEDCENTRALIZED BITCOIN EXCHANGECENTRALIZED CRYPTO EXCHANGECENTRALIZED EXCHANGECENTRALIZED EXCHANGEScrypto exchangeCRYPTO PRICECRYPTO PRICE DIFFERENCEcrypto tradingcryptocurrency exchangeCYBER ATTACKCYBER ATTACKSDECENTRALIZEDecentralizedDECENTRALIZED CRYPTO EXCHANGEdecentralized exchangeDECENTRALIZED EXCHANGESethEthereumEthereum Blockchainethereum tradingexchangeEXCHANGE CYBER ATTACKEXCHANGE HACKEXCHANGE WORKINGHACKINGLitecoinLTCPROFITTOP CENTRALIZED EXCHANGESTOP DECENTRALIZED EXCHANGEStradingTRADING PAIRS Up Next Cardano Price Analysis ADA/USD might approach $0.1340, 13 July. Don't Miss Ripple Price Analysis XRP/USD Recovery Pattern, 13 July. Continue Reading You may like German’s Giant Derivatives Exchange to launch BTC, ETH and XRP futures. STO: Thailand set to legalize Security Token Offerings Bakkt: How will it affect Bitcoin Price? BTC to the moon? Alert: CME Bitcoin Futures Experiencing Record Breaking Volumes Guide: How to get started with Ethereum? Brief: How do smart contracts work? 7 Comments 7 Comments Pingback: Crypto Exchanges: complete insights. – Btc News Magazine Pingback: Crypto Exchanges: complete insights. – The Coinage Times Pingback: $200,000 worth of EOS stolen from EOSBet Dapp. - Crypto currency news and trading tips Pingback: Trade with anonymity. Top Crypto Exchanges with no verification. – Coinance: Bitcoin, Ethereum, Blockchain & Cryptocurrency News Pingback: XLM vs ADA: Stellar vs Cardano Analysis – Coins News Update Pingback: Why bytecoin will definitely rise this year. Full Analysis – BTC Crypto News Pingback: Panic selling of BCN going on. Best time to buy Bytecoin – BTC News Paper Leave a Reply Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website Altcoins Best Tools to track Cryptocurrency Markets: CryptoCompare, CoinMarketApp, CoinGecko Published 1 month ago on January 16, 2019 By Janet F. Sanchez The cryptocurrency market includes the prices and market capitalizations of different Cryptocurrencies like Bitcoin, Ethereum, Stellar and many others. Currently, there are thousands of cryptocurrencies, markets are 16084 and market capitalization is about $124,123,711,224. There are different websites and mobile applications designed to keep the track of cryptocurrency market, we cover the Top 3 of these: CryptoCompare.com Known for its high-end API and real-time tick data, CryptoCompare has been serving the cryptocurrency space from 2014. Founders: Charles Hayter & Vlad Cealicu CryptoCompare shows real-time data for more than 5300 Coins and 240k trading pairs, enough for an entire overview of the market. Users can see live Order books, historical data, reports, social data and reviews on all cryptocurrencies. The website is very easy to use and is free for everyone. CoinGecko.com We love CoinGecko because it focuses on tracking community growth, events hosted by teams and open-source code development apart from the usual price tracking, market capitalization and volume traded. It was also founded in 2014. Founders: TM Lee, Bobby Ong & others CoinGecko’s team is very dynamic and is very active on social media like Twitter, Telegram & Facebook. They cover more than 260 exchanges with live data and have more than 3300 cryptocurrencies. They are free for everyone to use. CoinMarketApp (Mobile Application) When it comes to easily track the live prices and your portfolio on your mobile, CoinMarketApp is the preferred choice for most. With live alerts on more than 1400 Cryptocurrencies, the app saves your time and alerts you on every move. Download on Android Download on iOS Apart from cryptocurrency prices, the app lets you manage your portfolio, mining pools, new contracts and the latest news from the crypto industry. Continue Reading Altcoins Cryptocurrency Market Updates: Bitcoin May fall further Published 3 months ago on November 24, 2018 By Layla Harding The cryptocurrency market is still facing the same bullish trend today, yet again. Bitcoin price recovered a little with trading around $4300 to $4400. Yesterday the price of bitcoin fell up to $4190. Ethereum is still trading at a year and a half low of $125. Apart from ethereum, most altcoins are showing small corrections. Bitcoin Cash moved 3% upwards while Monero has moved 4% upwards in the last 24 hours. Bitcoin Gold and Bitcoin Diamond have had good gains for the day with 8% and 16% rise. IOTA is trading at around $0.32 which shows a 6% improvement from yesterday’s price. NEO is up by 5%. However, the small gains are nothing in front of the massive downtrend these altcoins went through in the past couple of days. Cryptocurrency Market Capitalization Improved The total cryptocurrency market cap yesterday came down up to $136 billion which was the lowest of 2018. In the last 24 hours, cryptocurrency market has managed to add $4 billion in the market capitalization adding to $140 billion. Over the last week, the cryptocurrency market had lost over $40 billion and over the last month, around $70 billion have been erased from the cryptocurrency market capitalization which is yet to be recovered. Bearish predictions for bitcoin While the market cap is trying to recover the price predictions for bitcoin still remain bearish as many cryptocurrency analysts have predicted that the only support after the current significant support of $4000 is at $3000. So if the price drops below $4000, it will definitely reach down to $3000 after which the price is expected to recover. The overall situation of the market is still harsh as there is no major recovery from the massive losses that occurred in the past few days. What do you think about the bitcoin predictions being made by crypto analysts? Tell us in the comments section below. Continue Reading #Bitcoin Bitcoin Cash Hard fork screwed the whole cryptocurrency market Published 3 months ago on November 19, 2018 By Layla Harding The original Bitcoin Cash split into Bitcoin ABC and Bitcoin SV during the hard fork but no one is sure to weather BCHSV or BCHABC will survive in the market as the hash wars still continue. The hard fork has lead to an uncertain future of Bitcoin Cash and also screwed the whole cryptocurrency market. The Price of both the new coins is on a continues decrease where Bitcoin Cash ABC values at around $226 and Bitcoin Cash SV values at around $76. Cryptocurrency Market Crash The whole cryptocurrency market is suffering because of the continues wars going on between the two teams which have created a bad reputation of the crypto space to the newbies. At this time when more and more institutional investors were entering into the cryptocurrency space, the hard fork has created a feeling of Fear, Uncertainty and Doubt amongst them. BTCUSD yearly chart As the hard fork started, the entire cryptocurrency market faced a downfall where all major cryptos are on a 6 month low with bitcoin trading around $5200 that is a yearly low for the most dominant cryptocurrency. The decline is the price has created fear in the minds of investors who are now talking about capitulation. Should Craig Wright be blamed? Craig Wright who claims to be the real Satoshi Nakamoto and the founder of the original bitcoin has been funding his side of the war using BTC. Cryptocurrency enthusiasts around the world are criticizing Craig Wright and also calling him a lier. To all BTC miners… If you switch to mine BCH, we may need to fund this with BTC, if we do, we sell for USD and, well… we think BTC market has no room… it tanks. Think about it. We will sell A Lot! Consider that…. And, have a nice day (BTC to 1000 does not phase me) pic.twitter.com/oUScEahtWc — Dr Craig S Wright (@ProfFaustus) November 14, 2018 Oh. And @JihanWu and @rogerkver selling… they will also have to sell BTC to pay rented hash. If this is a long war… expect 2014 prices in BTC… think what that does… Have a nice day — Dr Craig S Wright (@ProfFaustus) November 14, 2018 The local media’s role The real reason behind the rise of cryptocurrency and blockchain was the mass adoption by people who heard about it through local media. At that time, the local media described bitcoin and other cryptocurrencies as the future of money explaining the decentralized nature of such currencies, but now due to the wars within the cryptocurrency ecosystem, the local media has started to criticize cryptos and people have started to lose faith in the crypto market. If the amount of money being used in such hash wars would have instead been used for the development of the crypto ecosystem with advancements such as lightning network, the market could still be flourishing rather than being on the verge of getting sunk. 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