Many investors and speculators have turned their attention towards cryptocurrency mainly because of Bitcoin. Do you know why? The latest value of 1 BTC is close to 17,000 USD when compared with the value of 1000 USD in January 2017. Now, you can understand why people are crazy towards bitcoin and other cryptocurrencies as the growth is more than 1000% within a year. As the cryptocurrency transactions are done using the transparent public ledger based on the blockchain technology, it does not need your identity or any kind of documentation. That’s also one of the main reason behind the popularity of cryptocurrencies like Bitcoin.
What is the use of cryptocurrency? Obviously, you cannot compare any cryptocurrency with fiat currency because it is unregulated and accepted as payments only in certain countries. But, you can do trading or exchange of cryptocurrencies. There are many online exchanges available which can be used to buy/sell cryptocurrencies using your credit/debit card or by exchanging other cryptocurrencies. Coinbase is one of the trusted and largest bitcoin exchange since its creation in 2011. Recently, it announced that it will be trading Bitcoin Cash (BCC) on its platform. Great !
Currently, any cryptocurrency is mainly used for the following reasons given below.
Trading - Like stock market, cryptocurrency based asset can be traded even though it is not regulated by any financial board or similar organization. Futures are the best option for trading cryptocurrencies like bitcoins.
Exchange - You can buy 1 BTC or a fraction of BTC, store it in your Bitcoin wallet. When the price shoots up, you can sell the bitcoins. In this way, you can make a good passive income without doing much work.
ICO (Initial Coin Offering) – ICO is basically crowdfunding based on cryptocurrency which is used for the development of startup companies. The company will organize an initial token sale to sell their new cryptocurrency or utility tokens based on the existing cryptocurrencies like Ether or BTC. Usually, these tokens are the only way to access the services of the company. Investors can buy these tokens by exchanging any fiat currency or using their cryptocurrency wallets.
Instead of using three different platforms for all the above transactions, why don't you get everything in one place? That's exactly the objective of CoinMetro which is developed by the reputed online Forex broker named FXPIG. FXPIG is known for its transparency approach in the Forex Trading since its creation in 2011. CoimMetro is an innovative fintech platform that provides all the services related to cryptocurrencies mentioned below:
- Buy / Sell
- Cashout / Withdrawal
- Trading/Investment
For getting more information about the features and technology behind CoinMetro, please visit https://coinmetro.com/wp-content/uploads/coinmetro-wp-newspaper.pdf. To access the services of the CoinMetro platform, you need to hold a special type of token called COIN which will be sold by the company during their token sale. To get the latest information about the price, availability and sale terms of COIN, please visit https://coinmetro.com/.
We have some exchanges like kraken, bitfinex but all of them are working heavy. Kraken is loading very slow for a long time. This kind of platforms are welcome...
Yeah, i used to use Kraken b/c it has CAD. It's way too slow though. I've been on binance which is pretty good... but no CAD :s.
Honestly, I don't even try to have "one exchange platform to buy everything". I got Bitstamp for the big players (BTC/LTC/ETH), Binance for a few Altcoins (it's really good for this), and Bitgrail for XRB (that I couldn't find in a lot of places at the time).
I also used to buy on coinfloor but the instant purchase fees were so big I had to change
That coinmetro seems attractive as it include ICO thing as well. Normally we don't have this option in exchanges or other crypto platforms. Lets see how it progress in coming days, I hope it will do good.
this is a small introductory instruction on crypto-currencies. I'm sure it will remain relevant for a long time, because we are a diva at an amazing time and it is right before our very eyes to create a story, we see what kind of ups and downs take place in the criterias, they are doing the impossible (as they thought). Thanks, it's interesting
Very helpful post, coinmetro will offer a reliable alternative platform to the already existing ones. Competition can drive up quality of services rendered. Thanks @danizaharie for sharing
You got a 20.01% upvote from @postpromoter courtesy of @danizaharie!
I am agree for Trading, Thanks to you very helpful post for me.
CoimMetro i will definitely try
Make sure you are careful with ICO's some of them are scams, there are a few good projects that are associated with ICO's - successful ICO's include projects like NXT and Ethereum.
Some speculations say that cryptocurrencies do not comunicate with fiat currencies due to the big difference existing betwee. When wee look at the values, we expect it to be normally not to compare. But i am wondering on one simple question : is BTC going to be the most powerful coin in the future?
It seems attractive. And with the problems from Kraken I think that the platform could gain user easely.
great post and so valuable ....useful information thanks for sharing @danizaharie
If you want to know the history of bitcoin, visite my blog about the wonderful history https://steemit.com/cryptocurrency/@aek081969/bitcoin-currency-that-will-make-history 🌺
yes thats exactly what cryptocurriences are made for.!
I think you forget to write about the bitcoin or altcoin faucets in your article because their also alot amount of free satoshies are given and that too had an impact on the overall market too and we can see its expression in the btc and altcoins prize too
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Nice post @danizaharie. Thanks for information provided.
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28.90% @pushup from @danizaharie
It is true because Bitcoin raised up
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Thanks for the valuable information😍
This is good
Bitfinex offers 1 Exchange and 2 Trading, Binance offers 1 Exchange and now with the icoPad also 3 ICO. If coinmetro integrates those 3 things in one platform It will be a success.
Free to win the bitcoin http://link.tl/1f0sj
So... Who is "upmyvote" and why is he promoting you, @danizaharie?
You make enough good original content that you don't need that kind of stuff.
By using it you're kind of undermining the platform that helps you make money with your work.
All of us, really.
Thanks for the info of Cryptocurrency @danizaharie
Work in the blockchain portfolio
The fact of the wallet is very good and also fast and has great protection against fraud and theft
Its only drawbacks are that its fees are a bit high