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Tag: cryptocurrency

What is Binance?

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Binance is a cryptocurrency exchange

Binance is a popular Chinese cryptocurrency exchange, which is popular for its crypto to crypto exchange services. In the short duration of 5 months, it has reached the 10th position among the top volume cryptocurrency exchanges. Binance has become so popular due to some of the factors such as availability in multiple languages, very neat user interface, and it also enables processing the orders at an extremely high speed. Binance exchange is available only for trading cryptocurrencies, hence, it is not available for any FIAT wired deposits.

Binance is growing at a very fast rate, and if it will keep growing, it will soon become the biggest crypto exchange worldwide for trading altcoins says Andrews investment consultant from Bluebird Contractor Calculator

Binance is growing at a very fast rate, and if it will keep growing, it will soon become the biggest crypto exchange worldwide for trading altcoins. Many newly launch coins and tokens are getting listed on Binance as compared with the other major exchanges (Poloniex and Bittrex). If you have missed some of the ICOs, you can look for a some of them on Binance.

Register now at Binance

Register now at Binance

What is Marcopolobot?

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Marcopolobot is a crypto funding bot

Marcopolobot enables you to generate interest on your Bitcoin, Ethereum and other cryptocurrencies by automating the lending process on the Poloniex and Bitfinex exchange.

On exchanges like Poloniex and Bitfinex you can earn interest by lending to margin traders. Margin traders are people who speculate with borrowed funds so they can increase their exposure. They need people to provide them loans and as such, there is a market for loans.

We place loan offers for your account on the exchange. By activating our service, your funds will be automatically loaned out in return for interest. By disabling trading and withdrawal access on the API, we can only place loan orders for your account. We (or hackers) therefore don’t have the option to withdraw or trade funds from your account.

You could also do it yourself, however it is very time consuming; you would need to check on a very regular basis whether loans have returned so you can replace them again. Also, you would need to determine the interest rate for the loans. If the interest rate goes up after you’ve loaned out your funds, you could have potentially made more. We use an algorithm based on statistical analysis and current order book data to determine optimal interest rates.

Borrowers don’t have the option to not repay the loan. The systems on Poloniex and Bitfinex enforce this. Margin traders cannot withdraw borrowed funds from the exchange. By engaging in margin trading they essentially create a ‘contract’ where they are exposed to the price fluctuations. The loan never takes longer than the approved upon time. Margin traders can return the loan before the end of the loan.

You can now start a free trial for 14 days with MarcoPoloBot

https://www.youtube.com/watch?v=0lapzMfA9BU

You can now start a free trial for 14 days with MarcoPoloBot

What is Changelly?

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Changelly is a cryptocurrency exchange service between digital currencies. The service offers a wide range of digital currencies to buy and sell but does not provide conversion to or from traditional currencies. Changelly aggregates and suggests the best currency rates among the largest crypto trading platforms. The primary object of Changelly is to remove technical barriers between customers and the cryptocurrency ecosystem.

What is cryptocurrency?

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A cryptocurrency (or crypto currency) is a digital asset

Cryptocurrency is designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency

Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies.

Bitcoin became the first decentralized cryptocurrency in 2009. Since then, numerous cryptocurrencies have been created. These are frequently called altcoins, as a blend of bitcoin alternative. Bitcoin and its derivatives use decentralized control as opposed to centralized electronic money/centralized banking systems. The decentralized control is related to the use of bitcoins blockchain transaction database in the role of a distributed ledger.

Source: Wikipedia

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