Poloniex Crypto Exchange | The Active Digital Exchange

Poloniex is one of the biggest exchange and is among top 10 exchanges according to Coinmarketcap in terms of volume. Based in US, the exchange provides trade pairs among different cryptocurrencies and tokens, majority of them ranking in top 50.  Poloniex offers a secure trading environment and provides advanced charts to its customers for assisting them.

Poloniex is one of best exchange for  beginners and newbies who are entering into the market due to the fact that it has biggest volume and you can expect your order to be filled relatively quickly. Furthermore this exchange has an edge on others because of its "Stop Loss" order. It is a unique kind of order placement where your buy/sell order will be filled if the price reaches the desired position whether high or low.

Pros of Poloniex that it boasts about

1- No compromise on security by keeping hackers out and securing your funds in cold wallet
2- You can get live movement of prices without any delay
3- You never trade on fractional reserves
4- High trading volume
5- Large number of traders
6- Mobile friendly website
7- Bitcoin and Altcoin Lending Options
8- Stop limit order
9- Supports Margin trading

However, there are some cons of using Poloniex as well

1- Can be slow and lagging. Users have reported to face lagging and slow loading issues due to big traffic
2- Crashes. In the past Poloniex has been down several times specially at times of significant price changes.
3- Accused of insider trading in 2017 when it delisted dozens of Altcoins shortly after they were pumped
4- Slow Support response. Sometimes your account verification or ticket can take more than a week.
5- Hardly list a new token or Cryptocurrency at time of writing this post.

Have an experience with Poloniex? Share in comments

1

Bittrex Exchange | U.S Based Crypto Exchange

Bittrex is one of reputable crypto currency exchange offering trading pairs in Bitcoin, Ethereum and USDT. It is based in USA, and boast itself as the first exchange to apply for New York Bitlicense's allowing the exchange to serve users in New York. For Bittrex security is one of the main important feature. It claims itself as a robust exchange and also offers a corporate account for those willing to have one.

Registering on Bittrex

Registering on the exchange is quite easy and takes few seconds

• Go to the site here
• Register with your desired login credentials and confirm your account
• All set. Now you are ready to start trading on Bittrex

Pros

- Easy sign up process
- Very helpful support staff
- Very low trading fees
- Host dozens of crypto currencies pair to diversify your portfolio
- Ability to request paper copies of your trading history
- Hardly hangs or freezes
- On price graph you can use several trading tools and studies before making an investment
- House one the biggest Ethereum markets
- Have own slack community


Cons

- You can not make a withdrawal without verifying your account
- High withdrawal fees on several coins, that usually affects small traders even though transactions are send in batches
- Sometimes get slow due to heavy traffic
- Even though support staff is helpful, your query might take a week to be answered
- Some trading pairs might be shutdown for an unannounced maintenance.
- Is known for disabling User's account and locking their fund that lead mass Crypto outflow from exchange.

However despite its various cons, Bittrex ranks among the top 10 cryptocurrency exchange in terms of 24 hour volume.

Join Bittrex

0

Can Cryptocurrencies Take Over Foreign Remittance In Future?

Since the invention of Bitcoin there had been several startups such as Tenx Pay Token pursuing to develop cryptocurrencies in a way that can be use in daily life without the need of fiats. In case you don't know what Tenx Pay Token is, it is an startup that issue Visa based Debit card filled with cryptocurrencies instead of fiat. This helps the holder to cash out their Bitcoins or other popular Altcoins anywhere in the world where Visa services are used. So why and how would such events would overtake remittance industry in future?The digital currencies posed a severe threat to remittance industry as they are decentralized and not own by Government. Further taxing remittance received from Bitcoin would be major problem in case people are using peer to peer exchange such as Local Bitcoins. Not only this but crypto currencies give power to people instead of third parties to control their funds as money is delivered within few minutes after transaction. Let us analyse points in detail about how would digital currencies crush the remittance industry.

1. Faster transaction
The transaction in Digital currencies are quick, at least faster than banks. If you have to send money in emergency in your home country will you opt to send money through bank or Bitcoin which will be accessible with in few minutes? With currencies such as Bitcoin you can send money to your home country the day you receive your salary.

2. Authority on your money
When you transact money through your bank, it is the bank that would decide when to send your money and it usually takes 2-3 business days. Just imagine sending money on Friday and it will reach the destination country on Wednesday? Yes, Wednesday since Saturday and Sunday are weekend and your money is stuck and you are not in control of your own money. Bitcoin eliminates this, with digital assets you can send money to your home country when you want there is no restriction and you don't have to wait for those two crappy holidays sitting idle.

3. Avoiding taxes and charges
Governments and banks puts a charge on your money that you earned by putting effort. Why would somebody banks for sending money when they can easily use Bitcoin to do the same thing with a low cost? Similarly, taxing Bitcoin is not an easy task since the money is decentralized it is not in control of anyone and anyone can use peer to peer exchanges to avoid any extra charges.To add a concerning point for companies providing remittance services it is to be noted that many Indians and Filipinos have already opted for Bitcoin for sending remittance payment and the number continues to grow. India and Philippine are among the top foreign remittance countries.

Note : This is an personal opinion

0

Bytecoin

Bytecoin is the private untraceable cryptocurrency launched in 2012. It is an open decentralized cryptocurrency such as Bitcoin. Anyone interested can join Bytecoin network and take part in currency development. As well as the Internet, Bytecoin is international by its nature.

Wallets Availability
Windoes
OS X
Linux

Bytecoin global rank
Ranked 32 as of 2 May with a Market cap of $41,961,463

Specifications 
Algorithm: CryptoNight
Block time: 120 seconds (2 minutes)
Difficulty Re targets : Each block
Divisible up to: 10^8 units

Block Rewards
Block reward retarget: each block according to the formula:
BaseReward = (MSupply - A)/218 where MSupply = (264 - 1) atomic units and,
'A' is amount of already generated coins

Best Mining Pool (Mobile Mining Available)
Minergate

Exchanges 
Poleniex
HitBTC

Best Use
Micro Transactions

0

Bittrex Exchange Review

Bittrex is a crypto currency exchange based in US and is ranked among the top ten exchanges. To know more about Bittrex click here. This is an unbiased Bittrex exchange review and is neither in favour or in support of exchange but highlights the experience of using Bittrex exchange.

Bittrex is a very easy to use exchange offering hundreds of trading pairs. Lets start with its edging features which is providing Ethereum markets. Bittrex host dozens of Ethereum market this means that users on Bittrex doesn't have to go through Bitcoin to exchange their Altcoins but can also take advantage of Ethereum markets. This helps to avoid some losses during Bitcoin price fluctuations.

Another key feature on Bittrex is the availability of trading tools on its exchange. Although many users don't know how to use them they still comes handy to a lot of technical experts or people having knowledge of these tools such as RSI, Bollinger Bands, etc. Besides Bittrex provides charts for various time difference from 1 Minute price charts to 30 Minutes and more. If you wish to learn about these tools you can see Sideways trend and Head and Shoulder pattern

Like coins, Bittrex has its own Slack community that is very active. Things that doesn't looks right are always being reported in their. Their admins are also part of Bittrex slack channel so if anything goes wrong or you are not being replied on your support ticket you can always message Bittrex admins on Slack. I have personally been in their Slack group for months and it has been a good experience.

Also See : Poloniex Exchange Review

Besides Bittrex only charges 0.25% fee on every trade that users make and also allow users to get a hard copy of their fees and other activities if needed. Having such attracts dozens of new investor to Bittrex daily which might sprouts some new problems.

Sometimes Bittrex is faced with lagging and hanging problem where users are unable to login or create orders this usually happens when a lot of people are trying to access Bittrex, such as during a fall or increase in Bitcoin price for example here. However, the management of Bittrex is trying hard to resolve such issues and it continues to get better.

Some users are also reported to face a lot of problem while logging into their accounts and this includes me too. The problem occurs in captcha bug where the captcha is unable to load and you just have to refresh page waiting for the moment it loads. Once it took me five minutes to login into my own account. I have posted the picture of bug here

Recently, Bittrex has also changed its withdrawal policy and you can not withdraw your own coins unless you provide your phone number and verify your account in case your account is created after 8 January 2017. Although Bittrex support staff is available on Slack and is very helpful on resolving the issue on Support it can take a week or more for your query to be responded because of the influx of hundreds of request daily.

I am using Bittrex since months and have listed my experience with it. Overall I recommend this exchange probably because of its ability to provide trading tools to its users and a user friendly GUI

Click Here To Register On Bittrex Today

Are you a Bittrex user?

Kindly comment with your experience

0

Nxt

Specification
Symbol : NXT
Launched on : November 2013
Max Coin Supply : 1 Billion
Divisible into : 8 Decimals
Algorithm : SHA-256
Block time : 1 Minute
Transaction per single block : 256 transactions
Block Reward : Only mining fees
Based on : Proof of Stake
Best known for : Built in asset exchange and voting system

Explorer
Nxt Block Explorer One
Nxt Block Explorer Two

Wallets Available In
Windows
Mac
Linux
Android

Exchanges
Poloniex
Bittrex
HitBTC
and several others

Join the Community
Nxt Telegram
Nxt Slack
Nxt Twitter
Nxt Facebook
Nxt Reddit

Official Website
Nxt Platform

Have me missed something? Let us know in comments.

0

Coinomi Wallet Review

Coinomi is an Android based wallet that supports multiple currencies. You can view more about Coinomi wallet specifications here.

An Unbiased Coinomi Wallet Review

I have used Coinomi wallet and talked to other people using it and the answer to the question by users were much diversified. Some encourage to use it after the latest updates but other advised to avoid it.

Moving on, Coinomi wallet is one of the unique wallet on Android because of supporting the storage of popular ERC 20 tokens. Besides it also allows user to store several top Altcoins besides Bitcoins. Coinomi becomes more useful when you want to exchange your coin because it is integrated with Shapeshift and Changelly. Users can also do normal trading between Bitcoins and Altcoins using this feature. However there are some problems regarding the wallet.

Sometime while exchanging the coins, your coins can get stucked in exchange after you have made payment for them and Coinomi can not refund them because the exchange is not own by them but by third parties. This leads users into frustration and to contact support. But here comes more stress for Coinomi users. The support staff of Coinomi users hardly replies to E-mail sometimes you can't even get a reply for weeks.

Also See : Coinomi Multi Currency Wallet

Even though Coinomi provides a way to store popular ERC20 token on your Android it still lacks supporting popular Altcoins such as IOTA, Siacoin, Ripple and others. However Coinomi is an amazing wallet because of its active development team as it seeks to integrate more new Altcoins.

Coinomi is also helpful to help you analyse the total worth of your Cryptos. On the home page you can see your total holdings in Crypto currencies. Another edge for Coinomi wallet is being the only wallet for some cryptos such as Parkbyte, Reddcoin, Asiacoin, etc.

Even though having this edge some users are reported to face problems while sending their coins as sometimes Coinomi wallet is faced with downtime or blockchain connection might break leading users in frustration. Even though this is a rare case but it can happen with popular Altcoins such as DASH and Litecoin as well.

However, the best part of this wallet is getting your own private keys. This works as a charm since only few third party wallets provide this feature. You can have your own private key for any wallet here and export them. Having own private keys means that your funds will be in your control all the time.

I have tried my best to explain you all the features regarding Coinomi  wallet and I recommend it as a fine third party wallet equipped with extra ordinary features. However, it is still advised not put a lot of funds in any third party wallet.

Download Coinomi Wallet From Playstore

You Might Also Like
Monero (XMR) Android Wallet
Dogecoin Android Wallet
Bytecoin Android Wallet

0

Coinomi Multi Currency Wallet

Coinomi is an Android based wallet that supports multiple currencies. If you have several Altcoins wallets on your Android device then it is the time that you clean some of your phone storage by downloading this handy app. You can also visit Official Coinomi Website to see latest developments.

Pros
- Multi Currency supports
- Can also store ERC20 tokens
- Built in exchange to convert your coins
- Can be backed up and restored to any device
- Active development
- Supports multiple languages
- You have access to private keys
- For some currencies such as Reddcoin it is the only wallet available on Android

Also See : Altcoin Wallets

Cons
- Support staff is not friendly and sometimes doesn't even reply to tickets
- Your coins can get stuck in an exchange and Coinomi is not responsible for it
- While using built in exchange you might not receive coins but you would find your balance deducted
- If you loose your passphrase you will loose all your coins
- Can show error stating that coin network is down while you are sending a transaction

Also See : Coinomi Wallet Review

Conclusion
I have listed all the good and bad about Coinomi wallet but still if you are wondering whether to use it or not then do check the Coinomi wallet review here. In case you decide to use Coinomi Wallet already then it is better not to put a lot of your funds in it as a precaution.

Download Coinomi From Playstore

Any comment or suggestion or wish to report a misinformation?
Comment with your response

0

Local Bitcoins

LocalBitcoins was founded in 2012 to help people buy and sell Bitcoins in their locality. Since then it has become a large trading platform where an estimated 1200-1400 Bitcoins are traded daily. You can buy Bitcoins using this platform very easily. To buy Bitcoins first you need to register with LocalBitcoins website. The sign up process is simple and you only need to provide your desired Username, Email and password. After signing up a confirmation link will be send to you. You need to confirm this in order to buy and sell Bitcoins on platform so don't forget to.

After signing up you need to look for Sellers in your country to buy Bitcoins or you can create your own ad on the network at your desired buy to buy Bitcoins. While selecting the person to trade with you really need to be cautious since there may be fraudsters or scammers. A good way to check a person is by looking at his profile age and trust ratings and feedback score. Additionally all trades are secured by escrow.

Once you have decided from which seller you want to buy. Just click on "Buy" and pay using the desired method. LocalBitcoins support several payment options depending on your region. Send the payment to the seller and wait for him to return it to you in Bitcoins. LocalBitcoins is one the easiest way to buy Bitcoins.

Pros
- P2P Exchange
- Escrow Protection
- Only option to buy Bitcoins in some country
- Several Payment methods
- Low fees
- No Buy/Sell Limits from LocalBitcoins
- Quick and Active Support
- One of Oldest Exchange
- Global users
- Built in Bitcoin Wallet

Cons
- Sellers can place limits
- Transfer of Bitcoin depends entirely on seller can take a hour
- Not an anonymous exchange (Phone and ID and Passport verification might be required)
- Possibility of scammers

LocalBitcoin Community
Local Bitcoin Twitter
Local Bitcoin Reddit
LocalBitcoins Facebook

Buy Bitcoins From LcoalBitcoins Now

0

Decred (DCR)

Decred Decred is an open and progressive cryptocurrency with a system of community-based governance. As of now it is ranked among top 50 crypto currency.

Specifications
Max Supply : 6,183,162 DCR
Algorithm : Blake-256

Wallets Available In
Windows
Mac OS
Linux
Web Wallet

Join the Community
Decred Reddit
Decred Twitter
Decred Slack
Official Forum

Exchanges
Poloniex
Bittrex
Cryptopia
Bluetrade
Yobit

Explorer
Decred Blockchain

Announcement
Decred Announcement

0

Syscoin (SYS)

Syscoin (SYS) ranked among top 100 crypto currencies as of now and attracts many investors daily due to active development and a strong community.

Specifications
Maximum Supply : 888.000,000 Syscoins
ICO price : 0.00000518 BTC
Algorithm : SHA256 (Merge Mining Available)
Block time : 60 seconds
Known for : World's first decentralized marketplace

Wallets
Windows
Mac
Android (Third Party)

Join the Community
Syscoin Twitter
Syscoin Slack
Syscoin Telegram
Syscoin Reddit
Official Website

Announcement
Syscoin Announcement

Exchanges
Bittrex
Poloniex
and Others

Explorer
Syscoin Explorer

Faucets
Chainz Explorer
CoinPayments Explorer

0

DASH

DASH is an open source peer to peer Digital currency that enable users to send payments just like Bitcoin but with advanced capabilities. As of now DASH is ranked among top 7 Crypto currency

Specification
Previous Name : DarkCoin
Launched : January 2014
Algorithm : X11
Block Generates In : 2.5 Minutes
Max Number of Coins : 19 Million
Block Reward : Emitted using the formula 2222222/(((Difficulty+2600)/9)^2)
Best known for : First decentralized autonomous organization

Wallets Available In
Windows
Linux
OSX
Android
iOS

Hardware Wallets Available
Ledger Nano S
Trezor
KeepyKey Hardware Wallet

Exchanges
Kraken
Bittrex
Poloniex
Bitfiniex
Several Other

Join the Community
DASH Reddit
DASH Twitter
DASH Facebook
DASH Forum
DASH Slack
Official Website

Blockchain
DASH Blockchain Explorer

Faucets (100+)
DASH Faucets at Faucethub
DASH Direct Faucet

1