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What is Gemini?
The exchange is located in the United States and began its operations in 2015 after it was approved by the State Department of Financial Services of New York. The owners of the site – brothers Cameron and Tyler Winklevoss immediately set a goal to make it a fully regulated global digital asset exchange. Initially, the exchange aimed mainly at attracting institutional investors. Later, she began to express interest and private traders. The site interface is made exclusively in English since the site team is interested in large players from highly developed countries. Gemini is considered to be one of the most reliable cryptocurrency exchanges, as it works with individual investors and investment funds in full compliance with the requirements of the law.
Supported Coins on Gemini
For a long time, the Gemini cryptocurrency exchange traded only Bitcoin, Etherium and USD. Recently, a digital coin Zcash was connected to the exchange. Total on-site trading is possible for 6 trading pairs: BTC / USD, ETH / USD, ETH / BTC, ZEC / USD, ZEC / BTC and ZEC / ETH. The leading position with a large margin in daily turnover is occupied by a pair of BTC / USD, i.e. the one for which, first of all, the exchange was created. The turnover of the pair is 30 million dollars per day. The second place is occupied by ETH / USD with a large lag in turnover, its volume is equal to six million dollars a day.
Commission Fees on Gemini
The commission on the Gemini exchange is at an acceptable level for trading. Restrictions on cryptocurrency crediting are completely absent. When crediting a deposit in US dollars, the user can deposit no more than $ 500 per day on his personal wallet. And, accordingly, up to $ 15 thousand per month. There is also a limit on the withdrawal of funds for a dollar account, which is equal to $ 100 thousand per day. There are no restrictions on withdrawal of funds in cryptocurrency. Gemini does not take commissions for input and output, which is a very positive thing for traders. The site allows you to directly deposit and withdraw dollars. To enter funds, during the registration of a new user, you need to bind the account in the bank to the account on the exchange. Do not forget that each bank can charge transactions
Security Measures
The implementation of a qualitative level of security is the most important direction for the operation of any cryptocurrency exchange. Gemini is responsible for this issue. A well-known face was involved in the work on defense – Than Paya. This person is known for the successful organization of the Airbnb security service, as well as his participation in building Google Wallet.
Gemini is one of the most popular cryptocurrency exchanges in the world. There is no official statement about hacking the exchange. The site has an impeccable reputation in the cryptocurrency market. Gemini specialists are making great efforts to implement a quality level of security. That is why on the site you can find a large number of clients and larger organizations with a solid size of the investment portfolio. The site operates under the control and in strict accordance with the requirements of the Financial Services Department of New York, which gives a certain level of confidence in the quality of the Gemini protection level.
In general, the security level of Gemini users is at a high level, as evidenced by the high level of site demand among cryptocurrency traders.
How Ethereum Works
Only the best developments survived and continued to develop, those that were able to offer consumers new, interesting ways of working, wide application possibilities and attractive prospects for the future. One of these “stars” is undoubtedly the cryptocurrency Ethereum, here we call Ethereum or simply Ether. Despite the fact that you cannot call it new, investors have not yet lost interest in it, its popularity is growing day by day, and some experts (and there are quite a lot of them) are sure that Aether is able to compete on equal terms with Bitcoin and even select the last palm.
Branching Ether
In the history of Ethereum was not without the “black” pages. The year of 2016 turned out to be unfortunate, when hackers broke into The Dao (a venture fund based on Ether) and stole, as much as 64 million USD. Naturally, the crypt was stolen, we just brought its equivalent in dollars. In order to somehow get out of the predicament and compensate the losses to the affected users, the currency was divided into 2 independent branches – Ethereum (ETH) and Ethereum Classic (ETC). The separation, along with the burglary, markedly lowered the coining course, it took a long time to recover. But after all these twists and turns, the value of the currency began to grow, and both branches added to the price.
What is Ethereum
Technical details and specific nuances are unlikely to be of interest to the masses, so we will try to explain everything simpler. Ethereum is an open-source crypto platform operating on the blockchain technology. In other words, this is the base on which developers can build and deploy decentralized applications.
Buying and selling Ethereum
In addition to the above ways to get coins of Ether, you can also buy them. Since the currency has reached a fairly high level, it is represented on many stock exchanges and exchange offices. From well-known services, we can recommend Cex, Poloniex, Livecoin, Bitfinex. These are the largest and most reliable converters for Ethereum.
The exchanges are good because there is access to news and quotes, there is also the possibility of exchanging information with colleagues, and it is still possible to put coins on different wallets.
Is Ether trustable?
The question is not idle, and he cares about many. After all, it’s very difficult to predict what will happen to one or another digital currency in the future, and nobody wants to lose their money. Investing is generally a risky business, and if cryptocurrency is the object of investment, then even more so. After all, this market is quite specific.
But if there is no accurate data that gives confidence in the answer, then it is necessary to analyze the available information and on the basis of this analysis build more or less plausible assumptions about further developments.
What sways Ethereum, then after such an analysis, its future seems quite encouraging, although not without problematic moments. The project is young enough and, of course, not without risks. However, even if the worst happens and the platform ceases to exist, no global catastrophe will happen. Naturally, there will be losses, but not critical. But in the event of further development of the coin in an uptrend, investors can create fortunes over time.
What is BitMEX?
BitMEX Cryptocurrency Exchange is one of the leading platforms in terms of daily trading volume. Every day more than 3 billion dollars are traded here. The main audience of the founders of the exchange sees professional traders. It will be difficult for a newcomer to the cryptocurrency world to understand here. But after all, nothing is impossible! In this review, we will look at the advantages and disadvantages of BitMEX, and also describe how to go through all the stages of work on the stock exchange.
The website of the exchange contains not only information about the team, but also many other useful information. There are instructions on margin trading, a guide to contracts, a section with frequently asked questions, a comparison of Bitmex with competitors. The OKCoin and Bitfinex platforms are listed as competitors. You can learn more about BitMEX and other news of the crypto world in this blog. Almost every day there are fresh recordings of various subjects. Pretty informative!
Supported Coins on BitMEX
Listing of this exchange is not the widest. Here you can sell and buy a total of 12 varieties of digital coins. The exchange does not support any fiat currency. For many traders, this is a significant drawback. Trading on the stock exchange is possible for a number of pairs, one of which you can choose in the top menu of the page. The relevant fields indicate the leverage and data on the contract. The user also sees the analytical and reference information, with a schedule of changes in price movements and a list of user orders. All settings are quite flexible and easy to change.
Transactions are carried out through smart contracts when trading is carried out not by the coins themselves, but by their derivatives. As mentioned above, BitMEX supports margin trading, but caution should be exercised with leverage…
Commission Fees on BitMEX
It is important to note that the input and output of funds to the Bitmex crypto-exchange is carried out only through one Bitcoin cryptocurrency. The term of transfer of funds to your balance depends on the degree of congestion of the PTS network, but usually, the funds arrive within 20-30 minutes. As for commissions, for each operation on the Bitmex exchange, certain commission fees are provided. Moreover, these payments differ depending on whether a participant is considered to be a baker or market maker. Another commission depends on the specific digital coins, which are traded. The exchange offers a completely unique instrument called “fair price”. As a result, when marking contracts, the last price is replaced by a fair price. This avoids unnecessary liquidations at high volatility of the course, not depending on the value of the index.
Security Measures
The preservation of currency on the account is the minimum that BitMEX can guarantee. Here, MultiSig cold wallet is used to store the crypt. This is a bitcoin wallet that stores coins offline and requires signatures of several individuals to access. Bitmex allows you to withdraw money from the deposit only after confirmation of this operation by two of the three partners. This is a guarantee that the account is not hacked and the money is not scammers. The resource also uses multi-deposits, Amazon Web Services to protect text messaging servers. For additional security, you can enable two-factor authentication using YubiKey or Google Authenticator.
How To Buy Litecoin
Litecoin is not the most expensive and popular cryptocurrency, but despite this, it is considered one of the most promising and investment attractive. Along with the top-end bitcoin, litecoin was especially popular in 2017, and it does not seem that the creators of this digital currency plan to slow down. For quite a long time, it confidently holds in the top ten of the most successful cryptocurrency projects and is currently ranked 6th. It is noteworthy that the “silver cryptocurrency”, as Litecoin is often called, is of particular interest to representatives of the millennial generation, who now constitute the most active core of the population. On the question of which cryptocurrency they would invest in, the majority of Millennial investors preferred three coins: BTC, ETH, and LTC.
Buying Litecoin on exchange
Chinese Binance Exchange, which was launched just over a year ago, is now considered one of the leaders of the cryptocurrency world: the daily trading volume on the platform is $ 1.6 billion. Here we will buy litecoin. However, it is worth considering that you can buy Litecoin on this exchange exclusively for cryptocurrency, and if you only have a fiat currency, then you need to exchange it for bitcoins first and buy litecoin on exchange already for BTC coins. This information may scare you, especially if you are new to the field, but believe that there is nothing difficult in this scheme. On the contrary, having done these simple manipulations, you will save your money, thereby earning even more on cryptocurrency.
“Pitfalls” when buying Litecoins
Knowing how to buy Litecoin, a newbie will be able to avoid problems and accidental loss of money. But we must not forget that such transactions involve certain risks, which must be remembered:
When conducting transactions, it is important to cooperate only with trusted sites (exchanges, exchange points). The network employs thousands of scammers who are tasked with stealing funds from cryptocurrency users. This condition applies to individuals who offer a direct exchange. When choosing a candidate for such a transaction, it is important to be attentive and read reviews. In the case of fraud to make claims will not work. You should not “be” on the first advantageous offer.
When buying Litecoins, you can come across a restriction of the exchange office. In this way, they fight against intruders. For example, on the first day, the exchange is available for up to $ 100, and with increasing trust in the client, the limit increases.
When trading Litecoin on the stock exchange, you should not rush into selling or buying a virtual coin at the first rate change. It is worth waiting for the right moment, after which the operation.
The number of exchanges that work with Litecoin is limited, but their number is growing every year. The disadvantage is that the choice of available destinations is also small.
When working on the stock exchange much depends on the location of the client. For example, the British have the right to purchase Litecoin from the BitBargain exchange directly, but in other countries, there is no such option. An Australian resident can carry out exchange operations from dollars to Litecoin and back with the help of CoinSpot.
Conclusion
In conclusion, we note that to buy Litecoins you should start by creating your wallet and exploring options for conducting such transactions. In this case, it is not necessary to buy 1 Litecoin – for a start, you can purchase an available number of losses (for a sample). The best way to buy Litecoin for newbies is the exchange office or direct transfer, and for more experienced investors, the preferred exchange.