{[{item.pair.split("_")[0]}]} ${[{item.price.toFixed(4)}]}
{[{item.change24}]}%
{[{item.change24}]}%
+ Become a member of Interactive Crypto
+ Create a FREE Interactive Crypto Account to Access Premium Content
We’re sorry, but the content you are trying to access is for members only.
CREATE ACCOUNT
May 19, 2020 |
Dan Mitchell | 0 Comments|3453 Views
Get Into Cryptocurrency Trading Today
There has been an exponential increase in the number of cryptocurrencies as well as exchange platforms over the past year. Whilst this indicative of a healthy and booming industry, it presents problems to retail investors. We believe these problems can be resolved through the use of aggregate trading platforms such as CoinSwitch.
It is estimated that there are over 5000 different available cryptocurrencies actively being traded at present: so many that popular data aggregate tool CoinMarketCap only lists the top 100 tokens at any one time for a handful of metrics.
Furthermore, there are more than 500 different exchanges worldwide (341 of which are listed on CoinMarketCap) through which investors can purchase tokens for fiat, or trade crypto-to-crypto. This is more than double the number of exchanges reported to have been active around this same time last year, June 2019 (approximately 190).
The large volume of cryptocurrencies and exchanges makes digital asset trading difficult for newcomers to fathom, and even those with experience are likely to have some issues with the current state of the market.
Each individual exchange only offers a small fraction of the all cryptocurrencies and trading pairs on the market This means that, to get access to the largest possible spread of tokens and pairs, an investor will have to sign up to multiple different exchanges; and this comes with its own setbacks.
When you sign up to most major exchanges, investors are required to submit personal identification information to satisfy regulatory ‘know your customer’ (KYC) verification; and if purchasing with fiat, they may also be required to divulge payment details also.
Most exchanges, by default, store user funds (as well as aforementioned personal details) in so-called ‘hot wallets’. This means that funds are kept on cryptocurrency wallets whose information is accessible from a central server / authority: operated by the exchange itself.
Exchanges are popular targets for hacks, with a recent example being orchestrated by the North Korea-linked Lazarusgroup. The more places your information is stored: the greater the number of opportunities for them to be accessed illicit by internal or external bad actors.
CoinSwitch is a cryptocurrency exchange aggregator which provides access to several leading exchanges from one place, and it claims to be larger than any individual cryptocurrency exchange. Crypto exchange partners whose platforms are supported include: Huobi, KuCoin, Binance, HitBTC, IDEX, ETHFinex, Changelly, and Bittrex.
A single sign-up is all that is required to gain access to trade over 300 cryptocurrencies and over 45,000 trading pairs. CoinSwitch removes the need for investors to undertake the laborious process of signing up to multiple exchanges. It also provides the option of purchasing cryptocurrencies via fiat using a credit card (Mastercard or Visa only).
The platform offers the purchase of cryptocurrencies using fiat currencies, in addition to crypto-to-crypto trades. Transaction fees are 0% to 0.49% on each transaction on top of any fees instilled by the original platform, which varies depending on the exchange.
Once crypto is purchased it is sent directly to a private custody wallet registered and (expectedly owned and operated) by the customer, rather than an on-exchange platform’s hot-wallet.
Non-exchange partners of CoinSwitch include:
Earlier this month (May 6, 2020) CoinSwitch launched a new app specifically directed at the India market called ‘CoinSwitch Kuber’, with the aim of increasing cryptocurrency adoption within the country. The release comes after significant regulatory pressure from authorities in the country, such as the Indian Supreme Court.
Crypto trading companies are banned in India, but CoinSwitch is not itself a trading exchange but an aggregate. As it rather facilitates integrated access to a multitude of international platforms in one place, CoinSwitch managed to skirt scrutiny under these rules.
All COINS
TRENDING
WATCHLIST
Market Cap {[{ marketcap }]}
Symbol
Price
Change
Chart
Trade
{[{ item.pair.split('_')[0] }]}
${[{ item.price }]}
{[{ item.change24 }]}
{[{ item.change24 }]}
Market Cap {[{ marketcap }]}
Symbol
Price
Change
Chart
Trade
{[{ item.pair.split('_')[0] }]}
${[{ item.price }]}
{[{ item.change24 }]}
{[{ item.change24 }]}
CoinSwitch, The Aggregator Enabling Users To Find, Buy And Exchange Cryptos
There has been an exponential increase in the number of cryptocurrencies as well as exchange...
How many Bitcoins are left?
In many ways, bitcoins are like gold. They have monetary value, are a store of value, and come...
Does Alibaba accept Bitcoin?
Cryptocurrency payment solutions offer businesses various benefits. Such companies have systems...
Which is the safest crypto wallet?
Cryptocurrencies are a risky investment. Not only are they highly volatile, but their investors...
Crypto Debit Card Debuts in Europe
Crypto users in the European Union now have an additional option of spending their crypto...
1 DOGE to USD | What is Dogecoin, Exchange Rates?
Dogecoin (DOGE) is, according to the official website, a decentralized and “open-source...
Plus500
Risk warning: 80.5% of retail investor accounts lose money when trading CFDs with this...
Free & Fast BTC Mining
The more Bitcoin becomes popular, the more miners it attracts. Mining the coin comes with...
EOS Price Soars by 30% as eosDAC Release Date Approaches
While cryptocurrencies have seen a severe slump in their values during last few months, against...
Best 10 Cryptos to Invest in 2020
Investing in crypto takes time. Besides being a new medium of exchange, several coins available...
How secure is the Coinbase app?
Which is the safest crypto wallet?
How do I start mining bitcoins?
Does Alibaba accept Bitcoin?
How many Bitcoins are left?
Is Ripple The Cryptocurrency of 2018? - In Depth Review of Ripple XRP
What Is Ripple? / DefinitionRipple is a name for a cryptocurrency denoted by Ripple XRP and it's als...
Is IOTA Going to Overtake Bitcoin and Other Cryptocurrencies? - IOTA (MIOTA)Review
Verge Review
Binance Review
Dogecoin Review
LegacyFX
Many forms of cryptocurrency and altcoin trading are available in today’s financial markets. A...
Excentral
Risk warning: CFDs are complex financial products. They have a speculative character. Trading in...
EagleFX
EagleFX is one of the latest forex trading brokerages to join the sector. It got founded back in...
Vantagefx
VantageFX is a leading Australian forex broker that specializes in ensuring the complete and ful...
Xtrade
Xtrade is one of the most popular financial trading sites in the world. Started over a decade ago, t...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
Cryptopay.me
Updated, Apr 04, 2020 Cryptopay is a revolution for Bitcoin users. This platform offers its custo...
Mycelium
MyCelium is an application for Mobile that offers many possibilities of security and confidentiality...
COMMENTS
0 Comments
Like this article