Trading signals and online forecasts

Online trading signals with results in real time on the financial markets from professional traders


The total turnover of bitcoins has reached record levels
The total turnover of bitcoins has reached record levels Bitcoin is trading near the $48,000 resistance level. Ethereum rose to the level of $3,600, and the price of XRP fell to the support of $1.1. The total capitalization of the crypto assets market amounted to $2.18 trillion.Bitcoin's breakthrough of the key resistance is accompanied by a resumption of the interest of large investors, according to blockchain data. According to IntoTheBlock, the total turnover of bitcoins in transactions over $100,000 has reached a record $ 480 billion. In bitcoin, the volume of large transactions has reached a two-year high. Analysts conclude from this that institutional activity in the bitcoin market is gaining momentum. Although each such transaction by itself does not imply the purchase of bitcoin by institutions, together with the stable growth of the exchange rate since the beginning of August and an increase in the balance of large wallets, they can really indicate a resumption of investor interest. Based on these observations and finding bitcoin above the 200-day moving average, analysts conclude that the path of least resistance lies upwards. Jurgen Schaaf, adviser on the development of market infrastructure and payments at the ECB, said that research on the possibilities of the digital euro does not guarantee its launch at all. In the next two years, the European Central Bank will continue to experiment with the digital euro. However, the final decision on the launch of the Central Bank's digital currency will be made if its advantages outweigh the possible risks. Earlier, ECB analysts concluded that central banks need to launch their own digital currencies as soon as possible, otherwise it will be difficult for them to compete with technology giants. In addition, according to Bison Trails, about 80% of central banks are already studying scenarios for using state-owned stablecoins.The forecast assumes a decline in bitcoin to the levels of 47750, 47500 and 47000 dollars. The cost of Ethereum will decrease to the levels of 3550, 3500 and 3400 dollars, and XRP will reach the price values of 1.09, 1.07 and 1.05 ...
Forex trading. Cryptocurrency forecast for today, September 16, 2021
Forex trading. Cryptocurrency forecast for today, September 16, 2021 The price of bitcoin rose to the level of $48,100. Ethereum reached the $3,500 mark, and XRP reached the price value of $1.12. The total capitalization of the digital currency market has increased to $2.18 trillion.On Tuesday evening, the Ethereum blockchain was attacked. Unknown miners published their own chain of 550 blocks, but the vast majority of nodes rejected them as faulty. Most Ethereum nodes, after determining an incorrect confirmation, rejected alternative blocks. But a small proportion of the nodes on which the Nethermind client is installed switched to a fake chain. However, very soon the length of the main Ethereum chain exceeded the indicator of the alternative one, and customers independently switched to the correct version of the blockchain. At the same time, the hackers were unable to take advantage of the situation in their favor. September 14 was the day of mass attacks and errors in blockchains ― the developers of the Ethereum scaling solution Arbitrum reported about the problems. In addition, the main network of the Solana cryptocurrency did not function for more than 15 hours. The Central Bank of Turkey has begun to develop a platform for testing and subsequent implementation of the digital Turkish lira in the country's existing payment infrastructure. Together with private companies, the Central Bank will work on creating a prototype of a blockchain-based platform, with the help of which research will be conducted on the potential advantages of the digital currency. The Turkish Central Bank announced the completion of testing the proof of concept of the digital lira and the transition to the next stage, which will involve technology partners. If the upcoming testing stage is successful, new participants will be attracted to the platform in the future. In the future, the Central Bank of Turkey plans to conduct tests to determine how effectively the digital lira can be used in payment systems. However, the regulator explained that the final decision on the launch of the state stablecoin has not yet been made, and the results of the initial stage of the pilot project will be known in 2022.The forecast expects a decline in the price of bitcoin to the levels of 48000, 47500 and 47000 dollars. Ethereum will decline to the levels of 3400, 3300 and 3200 dollars, and XRP - to the price values of 1.10, 1.08 and 1.05 ...
Forex trading. Cryptocurrency forecast for today, September 15, 2021
Forex trading. Cryptocurrency forecast for today, September 15, 2021 Bitcoin rose in price to the level of $46,600. The price of Ethereum strengthened to the level of $3375, and the price of XRP reached $1.08. The total capitalization of the digital currency market was $2.11 trillion.Long-term holders continue to increase their share in the total volume of bitcoins amid renewed market volatility. To separate short-term and long-term holders, Glassnode analysts focused on the 155-day mark. In mid-April, bitcoin was trading around $60,000. In other words, coins purchased after the highs are considered as belonging to short-term investors, and before — to long-term investors. The share of bitcoins in the wallets of long-term investors has reached 79.5%. The indicator was at similar levels in October before the start of the uptrend. In absolute terms, the number of coins in the wallets of long-term holders is now the maximum for the entire existence of bitcoin and is 12.97 million. The peaks of the indicator usually correspond to the late stages of the descending market and foreshadow the beginning of an ascending cycle. Two large cryptocurrency networks immediately failed due to malfunctions this Tuesday. Transactions were not added to the Solana network for more than three hours. A similar problem with resources was already observed a week ago. The fixes were included in a new update that the developers did not have time to release before the failures began. Thus, the network should be stabilized after the patch is installed by the validators. While the situation with Solana was being resolved, problems arose in the Arbitrum network used for scaling Ethereum. According to the blockchain browser, the release of blocks also stopped in the Arbitrum network, but the break was only 5 minutes. The developers have confirmed the troubleshooting, but the reasons for what happened are unknown.The forecast assumes a decline in the price of bitcoin to the levels of 46300, 46000 and 45000 dollars. The price of Ethereum will fall to the supports of $3350, $3325 and $3300, and XRP will fall to the levels of $1.06,1.05 and ...
Forex trading. Cryptocurrency forecast for today, September 14, 2021
Forex trading. Cryptocurrency forecast for today, September 14, 2021 Bitcoin declined to the level of $44550. Ethereum fell to the level of $3,200, and XRP - to $1.06. The total capitalization of the digital currency market was $2.03 trillion.The Alonzo update was activated in the Cardano project, which for the first time allowed the deployment of Plutus smart contracts in the main network. The Alonzo update will bring long-awaited opportunities due to the integration of scripts into the blockchain. This will allow implementing smart contracts on the network and for the first time using many new scenarios for decentralized applications. At the same time, the developers noted that a lot of time will pass before the mass use of applications. They recalled that the Ethereum blockchain project launched in July 2015, the first application that gained real popularity among users, appeared only after more than two years. Against the background of a successful update, the price of the ADA token fell by more than 10%, from levels around 2.7 to 2.4 dollars. The largest financial holding company in Singapore, DBS Group, will continue to develop trading in crypto assets and plans to double the number of users of the Digital Exchange by the end of the year. The interest of institutional investors in crypto assets continues to grow, and this does not escape the attention of large financial organizations. DBS Digital Exchange is positioned as the only digital exchange in the world supported by banks, offering cryptocurrency trading, asset tokenization and custodial services. In June, DBS Bank issued digital bonds for 15 million Singapore dollars as part of the initial placement of tokens-shares through the Digital Exchange. According to the company's plans, by the end of 2022, at least six share tokens should appear in the exchange's listing, and the number of institutional investors on the site will double-up to 1000 clients. In the next three years, the number of users will grow by 20-30% annually.The forecast expects a further decline in bitcoin to the levels of 44200, 44000 and 43000 dollars. Ethereum will decline to the levels of $ 3150, $ 3100 and $ 3000, and XRP will fall to the price values of $ 1.05, 1.03 and $ ...

Articles about financial markets

How to gift a cryptocurrency
How to gift a cryptocurrency What should I give to a person who has everything? The most obvious solution is money. But a more original option is a cryptocurrency: ether, a share of bitcoin or a meme token. You can get a gift remotely, and watching the growth and fall of the crypt will turn into a new hobby.  We tell you what methods of giving exist and which digital currencies to choose as a gift.ContentTo gift a virtual crypto walletTo gift a cold wallet with cryptocurrencyTo gift a voucher for cryptocurrencyDonate cryptocurrency to charityWhich cryptocurrencies to choose as a giftTo gift a virtual crypto walletIf the recipient of the gift already has a cryptocurrency wallet, the issue is solved: it is enough to find out the account number (or by email address) and transfer the necessary amount from their own crypto wallet to the account. Such operations are absolutely legal — individuals in Belarus can buy, sell, exchange, store and send any cryptocurrencies using crypto wallets, exchanges and exchangers. At the same time, the cryptocurrency received as a gift and the income on it is not taxed until 2023.If a friend does not have an account, then you can create a new account, transfer cryptocurrency there and transfer access to it to the recipient.Many popular crypto wallets, for example, exodus or mycelium, do not require an email address when registering — it is easier to transfer such an account, because it is not tied to your personal data. The role of the access key is performed by a code phrase (a mnemonic phrase, a phrase or a seed) — a set of 12-24 words that must be entered in a certain order to gain access to the wallet. This key must be passed to the recipient — for example, to rewrite the phrase in a greeting card.There are three important nuances in this method of giving cryptocurrency:Don't forget to warn the recipient that the passphrase is extremely important. If the owner loses it, he will lose access to the crypto wallet and will not be able to restore it.You cannot change the passphrase or generate a new one for an existing wallet — the text key always remains unchanged. Therefore, in theory, the donor can use it after a while, which creates risks. The best option is to give a friend a temporary wallet (temporary wallet), from which he will transfer money to a personal account. Whether a friend wants to carry out all these manipulations is another question. And it is better to make sure in advance that a person is interested in the crypto market and trading — otherwise the gift is unlikely to please him.Regional restrictions. Many American and European services are not yet available in Belarus, Russia and Ukraine. For example, Coinbase does not officially work in these countries. Sometimes restrictions can be circumvented using a VPN, but the method does not always work. Therefore, you will have to choose from a limited number of services. In Belarus, it will not be possible to buy cryptocurrency without providing personal data, since crypto exchanges are required to verify each client — and this usually requires a passport scan. By the way, you can use not only wallets, but also exchanges for donation — in this case, you give access to an account that already has tokens stored on its account.Read more: What is Bitcoin Core? A simple guideTo gift a cold wallet with cryptocurrencyA cold wallet is a hardware device for storing crypto currency, which is something like a flash drive. This is the safest, but not the most convenient option. If you forget the password or lose the carrier itself, the cryptocurrency will be lost forever. For example, an American Stefan Thomas forgot the password from a flash drive that stores more than 7000 bitcoins, and lost access to crypto accumulations — and this is not the only case. In total, about $140 billion is stored in bitcoin wallets with forgotten passwords.When donating, the risks are about the same as in the case of an electronic wallet. When registering, you will need to create and remember a PIN code-a code and a phrase for restoring access (a phrase for restoring).You can order a wallet only on large marketplaces: the price for the most popular models (for example, Ledger and Trezor) varies from $60 to $260. It depends on how many different accounts the device allows you to have (for example, the Ledger nano c model supports 5-6 accounts, while the Ledger nano x supports up to 100), whether the device has an information display and a battery, whether it supports Bluetooth, and so on. In any case, such a gift will cost more than a virtual wallet with cryptocurrency.Top hardware wallets for cryptocurrenciesLedger Nano SLedger Nano X TresorTrezor Model T Read more: Crypto wallet: the most important & practical tipsTo gift a voucher for cryptocurrencyA voucher is a kind of gift certificate for the purchase of a crypt. You buy a voucher for a certain amount (for example, 50 euros) and specify the email address of the gift recipient. A special code will be specified in the voucher that will be sent to the post office. The recipient must enter it on the website where the voucher was purchased and specify the wallet address to which the amount in cryptocurrency equivalent to the value of this voucher will be transferred.One of the disadvantages of such a gift is that its recipient will eventually have to deal with the registration of the wallet himself in order to receive cryptocurrency. Also, vouchers are usually available only for the most common cryptocurrencies: Bitcoin, Ethereum, Litecoin. But this is the easiest way to give a cryptocurrency.Where to buy cryptocurrency vouchers:CryptovucherRechargeBit4coinBitnovoCoinsbyDonate cryptocurrency to charityCryptocurrencies can not only be given, but also donated to a charitable foundation. Therefore, if there is a desire to share ether or bitcoin with an NGO or a human rights organization, there are several options:Human Rights FoundationSave the childrenMATTERRainforest FoundationThe Water ProjectTor ProjectAnother option with the support of charity is the creation of an NFT token and its subsequent sale on platforms, for example, Rare. But in this case, you need to create a digital object and find a specialist who knows how to work with NFT platforms. You can attract 500-1000 dollars to Ethereum, even if you do not invest in promotion. And you can transfer the collected money to the fund, if it accepts the crypt, or convert it into fiat and credit it to the organization's account.Read more: What is NFT and why are they worth millions?Which cryptocurrencies to choose as a giftGiving cryptocurrency remotely resembles a long-standing trend in the United States, when people began to give shares of large companies to their loved ones. But the crypto market is not yet so popular among the mass audience. People have heard about it, but they don't quite understand how it works and what principles it works on. With this in mind, even bitcoin is still an unusual and original gift. If you look with an eye to the future, then a good gift option is Ethereum. Another popular project is the Polkado. He has revolutionary prospects and grandiose plans that are being implemented at the same time, which is rare for crypto projects. If a person understands the topic, you can give him an NFT token: for example, a picture or a meme registered as an NFT. But we must be prepared that NFT tokens are very ...
Overview of the Huobi Global Exchange
Overview of the Huobi Global Exchange Brief description of Huobi GlobalFounded in 2013, the Huobi Global Exchange is a centralized platform. According to the Coingecko resource, the exchange has an average (8) reliability rating. As of September 2021, 0 cryptocurrencies are traded on the exchange, the most active trading pair is ETH/USDT. The maximum trading volume for the last 30 days was reached on August 7 in the amount of 161,756 BTC.Verification: OptionalTelegram /huobiglobalofficialFaceBook /huobiglobalofficialTwitter /HuobiGlobalDetailed review of the Huobi Global ExchangeHuobi is a cryptocurrency exchange founded in China in 2013. It is registered in the Seychelles. Link to the official website of the exchange — Huobi.com. It provides opportunities for spot, margin, futures (perpetual contracts, options) and OTC trading. Confidently enters the top-3 in terms of trading volume (turnover-over two billion dollars in 24 hours). It exists both in the web version, and in the form of desktop and mobile applications.Read more: What are futures: types, features, advantages and risksWe offer a detailed overview of the functionality of the Huobi exchange, its advantages and disadvantages.ContentGeneral descriptionTeamFunctionalHow to trade on HuobiVerificationHow to trade on the Huobi exchangeMoney managementHT Token - description of the cryptocurrency from HuobiHuobi WalletHuobi Input and OutputCommissionsSafetyTech. Huobi supportComparison with other top exchangesAPI HuobiHuobi ReviewsAdvantages and disadvantagesConclusionGeneral descriptionRegistration on the platform is available to users from more than 130 countries of the world - wherever transactions with cryptocurrencies are not prohibited by law. Huobi is a multilingual platform that supports such languages as Chinese, English, French; German, Turkish, Portuguese, Spanish.TeamThe founder and CEO of the Huobi Group is Leon Lee. Previously, he worked as a computer engineer at Oracle. He graduated from the Department of Automation of Tsinghua University and became a successful entrepreneur in the field of financial technologies.Other team members:The Chief Operating Officer (COO) is Robin Zhu. He has experience in the field of corporate governance and practical data analysis. He also worked at Oracle at one time. Initially, he was deeply interested in the blockchain industry and Big Data.The head of the Security Department (CSO) is Simon Wu. He is responsible for risk management, previously worked in international consulting firms and government agencies, dealing with business security and management issues.The technical director is Roy Zhu. He was a technical expert at Alibaba, a partner and senior vice president of Jinshan Cloud, and also held a management position at Taobao. Is responsible for the research and development of new functionality.FunctionalHow to trade on HuobiThe Huobi exchange is designed to manage cryptocurrency assets in the following ways:Spot trading. Trading with instant settlement, when funds are transferred between the buyer and the seller here and now, based on the current market value of the asset.Futures trading. Trading contracts containing information about the value of the currency and the time of sale. By entering into such a contract, the buyer and the seller undertake to transfer funds at a specific rate and at a specific time. An effective tool for hedging risks.Margin trading. Trading with leverage — the user takes a certain amount of credit funds secured by the assets available to him and thereby can use a larger amount in trading than he has. This increases the potential profit, but also the risks. The available leverage level is individual for each currency.OTC. A P2P exchange platform that connects fiat money and digital assets. It is intended for institutional investors who make large transactions and want to do it completely in the legal field.The index is HB10. It includes 10 top cryptocurrencies, works in conjunction with an investment product that helps to invest funds in the entire basket of promising assets at once.Fiat. Quick purchase or sale of cryptocurrency for fiat money. Supported payment methods: VISA/Mastercard bank cards, Western Union, e-wallets.Huobi Global currently works with 286 coins (770 trading pairs).Read more: P2P: where peer-to-peer networks are usedVerificationTo start trading, you do not need to verify your identity, but you can pass it to expand the withdrawal limits and get access to additional functions. Go to the "Verification" section and enter the necessary information — passport or driver's license number, first name, last name, upload a scanned passport in JPG or PNG.Verification on the exchange is not required, but it gives additional advantages when using the platformThe information is manually confirmed by the exchange's employees, usually it takes no more than two days.How to trade on the Huobi exchangeLet's look at how to trade cryptocurrencies and tokens using the Huobi platform.In the central part of the screen, under the chart, there is a section for creating buy or sell orders. Huobi supports the following main types of orders:Market. The user specifies only the desired amount of cryptocurrency. The transaction is made instantly and at the market price that is at that moment.Limit. The user specifies both the amount and the cost of the cryptocurrency. As soon as a counteroffer appears, the order is automatically executed. All created limit orders are located in the so-called glass (or orderbook).Stop limit. A subspecies of a limit order. While a regular limit order is executed when the specified price is reached or better, the stop limit is executed at the specified price or worse.Trigger-an order (by limit or by market).Advanced tool-creates an order that is executed automatically immediately after the execution of another order. In the right part of the trading terminal interface, there is a history of all completed orders — date, volume and price. And at the very bottom — information about active and completed transactions of a particular trader.Money managementHuobi Global includes a number of opportunities for managing funds for investors. After entering the exchange, the following tools are available:Blocking and mining HT. Holders of the exchange token (HT) can participate in the airdrop. To do this, they need to block at least 100 HT on their account for a period of 7 to 90 days. After the expiration of the period, a bonus is awarded in the form of a certain amount of Huobi Pool Token (HPT).Landing page. Investment of USDT or BTC at interest for 10, 20, 30 days. The interest rate can be entered manually (from 0.01 to 0.09% per day) or set the optimal one. Other users then select suitable options from the entire pool of available offers.Storage of assets. Professional asset storage services for companies and institutions. Clearing and detailed reports are included in the price.Asset management. A digital asset service platform for professional users. There is a choice of three investment strategies with different levels of risk and profitability.Savings (available only after verification). A deposit account with an interest income. The interest is periodically adjusted, at the moment it is 7.28% per annum for USDT and 3.5% for BTC.A new Pool Savings section was also recently opened. This is a tool for working with DeFi tokens. It includes profitable farming of new and promising tokens.HT Token - description of the cryptocurrency from HuobiHT is a token, a cryptocurrency officially launched by the Huobi exchange in 2018. Functional purpose and why it is needed:Discounts from 10% to 95.15% on trading fees (depending on the number of tokens held).Participation in events and events held by Huobi.Farming of the HPT token.VIP status.Use as a guaranteed asset with a cross-margin.Deflationary burning scheme to maintain the value of the asset:Asset allocation schemeToday, there are HT holders in more than 180 countries around the world. It is traded, in addition to Huobi, on the Bibox, Bitforex, Coinsbit, HitBTC, MXC, etc. exchanges.Huobi WalletThe universal multi-currency wallet from Huobi Global can be downloaded from the links:For Android - https://play.google.com/store/apps/details?id=com.huobionchainwallet.gpFor iOS - https://itunes.apple.com/cn/app/id1433883012?mt=8The application supports most major cryptocurrencies (BTC,ETH, XRP, LTC, BCH, etc.), stablecoins (USDT, USDC, TUSD, DAI, PAX), most tokens on the Ethereum, Ontology, TRON, EOS blockchains.The main features of the crypto wallet include independent management of private keys, personal control over assets, data encryption, support for multi-signature and the ability to organize joint asset management. The simple interface allows you to perform operations in one click.Read more: What are Stablecoins and how do they differ from other cryptocurrenciesHuobi Input and OutputTo deposit funds to the Huobi Global exchange, you need to go to the Currency Account section, select the cryptocurrency of interest, for example, Bitcoin, and click Deposit.Copy the address and transfer the cryptocurrency to it from an external wallet (you can use a QR code for a quick transfer from a mobile application).The funds are credited to the exchange account after one confirmation by the miners, and after two confirmations they will be available for withdrawal.The minimum deposit amount is 0.001 BTC. The deposit address does not change every time, but only sometimes, the exchange notifies about this by email.To withdraw cryptocurrency, you need to go to the same section, but this time select the Withdraw button.Specify the address to which the coins should be transferred, and the required amount. The commission is indicated in the same window and covers the transaction costs, providing a quick transfer.The minimum withdrawal amount is also 0.001 BTC.Read more When Bitcoin appeared: telling the story of BTCCommissionsType of operation Commission feeSpot trading 0.2% maker and 0.2% takerMargin interest 0.098%OTC trades 0.1-0.2% maker (depending on the currency), 0% takerContract trades 0.02% maker, 0.04% takerEntry without commissionThe withdrawal is individual for each coin, indicated at the time of withdrawal (for example, for BTC — 0.0005 BTC).The table shows the standard indicators. Holders of HT tokens can reduce them. With a deduction, the fees look like this:SafetyThe Huobi exchange uses cold wallets, secure connection and data encryption to protect user funds. In addition, the user can independently increase the security level of the account if he performs the following actions:It will enable two-factor authentication — a simple and effective way to confirm login using the Google Authenticator application.It will link the phone number and confirm the email address.Associates accounts in other networks (Google, Facebook, Apple) with the Huobi account.It will set a complex password and an anti-phishing code.Read more: Network security. 2FA - two-factor identification methodsTech. Huobi supportYou can contact Huobi technical support via an online chat on the website. Other contacts and social networks of the project:Telegram https://t.me/huobiglobalofficialFacebook https://www.facebook.com/huobiglobalofficialTwitter https://twitter.com/HuobiGlobalBlog on Medium https://medium.com/@huobiglobalInstargam https://www.instagram.com/huobiglobalofficial/YouTube https://www.youtube.com/HuobiGlobalAPI HuobiThe Huobi Exchange provides documentation for developers (API) for free. It can be found at https://huobiapi.github.io/docs/spot/v1/en/#change-logIn the top menu, you can switch to another type of trading (spot, futures, options, margin swaps). Information on all categories is constantly updated. The developer can subscribe to email notifications to keep everyone up to date with the latest changes.Huobi ReviewsThe site has both positive and negative reviews, there are about the same number of them. Users complain about high commissions, problems with the NEM cryptocurrency, as well as insufficient functionality — despite the fact that the platform keeps up with the times and regularly introduces new features, it is not yet possible to work only with it without resorting to the help of other large trading platforms.Nevertheless, trading volumes show that most users consider the platform to be the best option for exchanging certain currency pairs (the most popular is BTC/USDT).Advantages and disadvantagesAdvantages:The exchange is in the top in terms of trading volume and liquidityOwn functional tokenDeveloping functionalityPositive feedbackOptional verificationA large selection of trading pairsMobile and desktop walletsReferral programDisadvantages:Some functionality has been cut for popular cryptocurrencies. For example Bitcoin and USDTConclusionThe Huobi cryptocurrency exchange is actively developing and tracking current trends, such as earnings on DeFi tokens. A strong team, the introduction of new options, adequate commissions-all this speaks in favor of the site and adds respectability to it. Now there is such a time in the cryptosphere that it is impossible to keep up with trends, otherwise the project will instantly lose part of the market.Read more: What is decentralized finance ...
The illusion of money. Top 5 largest cryptocurrency thefts in history
The illusion of money. Top 5 largest cryptocurrency thefts in history The alleged theft of cryptocurrency on the Africrypt platform has become the most expensive in history. Any hacking of the exchange negatively affects the value of the cryptocurrency, but hackers arrange attacks not only for the sake of stealing money. Many thus reduce its course. Fierce competition in the market over time only increases the likelihood of such hacks. We calculated how much the most expensive hacks in history cost investors.Binance: $40 millionHacking Binance — the most popular exchange in 2019 cost 7 thousand bitcoins. At the time of the hack, it cost about $40 million. "We discovered a major security breach today, May 7, 2019, at 17: 15: 24. Hackers managed to obtain a large number of user API keys, 2FA codes and, possibly, other information," the report says.The exchange announced that hackers used various methods, including phishing, viruses and other attacks. "During the hacking, hackers were able to gain access to the "hot" Binance wallet, which, at the time of the attack, had about 2% of the funds. In just 44 transactions, the attackers managed to withdraw 7074 BTC, " said Changpeng Zhao, CEO of the exchange. By "other information", the company meant the theft of personal data of customers, which negatively affected the trust in the platform.The exchange announced that it will cover all the lost funds from its funds, and no user will be affected by this hacking. Binance representatives reported that the losses will be covered at the expense of the previously created SAFU fund (user asset Security fund). Previously, 10% of the platform's commission fees were sent to his address.Nicehash: $80 millionOne of the largest thefts can be called the story of the Slovenian company Nicehash, which occurred in 2017. In fact, Nicehash is not an exchange — it is a cryptocurrency miner with an integrated market. Users leased their computing power to those who mined cryptocurrency without investing in equipment. Hackers could easily get new coins.Nicehash has published an official comment: "It is important to note that our payment system was hacked, and the contents of the NiceHash bitcoin wallet were emptied. We are working to verify the exact number of stolen BTC. It is clear that this is a matter of deep concern, and we are working hard to correct this in the coming days. In addition to conducting our own investigation, the incident was reported to the relevant law enforcement agencies, and we are cooperating with them as a matter of urgency."As a result of the investigation, it turned out that hackers stole 4,700 bitcoins, which is approximately $80 million. The company announced the return of 60% of the stolen coins, and in 2019 it froze the payment program for victims of hacking. NiceHash claimed that it reimburses users for funds received from commissions, thereby reducing the platform's profit, and promised to resume refunds in the future.Mt.Gox: $390 millionAnother Japanese exchange, Mt.Gox, suffered in 2013. At that time, the platform handled 70% of all global bitcoin traffic. For unclear reasons, bitcoins worth about $390 million went missing. It turned out that for two years the hacker stole bitcoins from users ' wallets, but the platform recognized the expenses as deposits and charged some users up to 40 thousand additional bitcoins.After that, the head of the exchange, Mark Karpeles, announced that he was resigning from the board of the Bitcoin Foundation. At the same time, an official document of the administration leaked to the network, which showed the deplorable state of the platform. It followed from the text that unknown attackers stole about 744 thousand bitcoins, and the exchange administration is not able to pay off its users, since the stolen amount is huge. Karpeles was arrested and charged with embezzlement.In February 2014, it declared bankruptcy, when the company's debt reached $63.6 million, and the number of creditors exceeded 127 thousand people. In addition, it turned out that the platform itself was affected - 120 thousand of its own bitcoins were stolen from the exchange. At that time, experts predicted the collapse of the entire cryptosphere, since the theft affected approximately 6% of the issue of all bitcoins in circulation.CoinCheck: $533 millionAnother major hack occurred in CoinCheck - on the leading Japanese cryptocurrency platform. In January 2018, hackers outside the country infected the exchange's internal network with a virus that was transmitted by email. This allowed attackers to steal users ' private keys. As a result, 523 million NEM coins worth $533 million were stolen.This amount was in a cold wallet, which is safer from possible attacks or theft than hot wallets. The company itself has acknowledged problems and failures in the management of the cold portfolio: the theft occurred due to the neglect of the storage of this cryptocurrency. The CoinCheck exchange did not use smart contracts with multiple signatures, so all coins were stored on the same wallet.However, such a large theft did not lead to the collapse of the cryptocurrency market. CoinCheck does not have such a systemic importance as Mt.Gox and other exchanges had at the dawn of the crypto market development. Its total value at the time of the theft was less than 0.25% of the value of the entire cryptocurrency, and the options for buying and selling crypto assets are very different today. The quick reaction of CoinCheck allowed to reassure investors, who were reimbursed in full.Africrypt: $3.6 billionThe founders of the investment platform Africrypt, two brothers Amir and Race Keiji are suspected of stealing about 69 thousand bitcoins, which is equivalent to $3.6 billion at the current exchange rate. In April 2021, they announced that the platform had been hacked and the funds stolen. Users were asked not to contact law enforcement agencies, because, according to Amir, this would make it difficult to return the cryptocurrency.However, the investors did not listen to the advice and turned to the law firm Hanekom Attorneys, which initiated an investigation. It turned out that the employees of Africrypt lost access to the site a week before the founders announced the hacking of the platform. Now the case is being investigated by the South African police, law enforcement officers have contacted crypto exchanges to prevent attackers from selling the stolen cryptocurrency.It will not be easy to track it, since special services that confuse transactions were used when sending bitcoins. The site of the site is currently unavailable. Africrypt was launched in 2019, the Keiji brothers promised investors high profits - a huge yield of up to 10% per day. According to Bloomberg, this story can become the largest scam in the field of cryptocurrencies, if the fact of theft is confirmed. Now the court has temporarily liquidated the brothers ' company, they have been given until July 19, 2021 to respond to the court ...
WhiteBit Exchange - registration, commissions. Overview of 2021
WhiteBit Exchange - registration, commissions. Overview of 2021 WhiteBit is one of the few relatively new cryptocurrency exchanges that has won the trust of traders and at the same time offers high-quality services. A distinctive feature of the platform is that it offers not only modern tools for making money on cryptocurrencies, but also opportunities for hedging risks.In this review, we will take a detailed look at what the WhiteBit cryptocurrency exchange is, what its advantages and disadvantages are, what the reviews of 2021 say, and we will conclude whether it is worth considering it as a tool for earning money on the cryptocurrency market.  What is WhiteBit?Exchange interfaceRegistration on WhiteBitVerification on WhiteBitHow to trade on WhiteBitTrading interfaceMargin trading on WhiteBitCryptocurrencies and ordersDeposit and withdrawal of fundsDepositing fundsWithdrawal of fundsCommissionsAdditional featuresSMART-stakingTrading tournamentsReferral programWhiteBit codesSafetyTwo-factor Authentication (2FA)Anti-PhishingSupport ServiceAdvantages and disadvantagesAdvantagesDisadvantagesWhat is WhiteBit?WhiteBit is a cryptocurrency exchange founded in 2018. It is registered in Estonia and has a license from the European regulator. It offers trading in 137 pairs, both for fiat and cryptocurrencies, margin trading is also available.The platform's mission is to build a simple and secure platform that will expand the recognition and application of blockchain technology. According to the exchange, more than 300,000 users from 190 countries of the world are registered on the site.Verification on the WhiteBit exchange is not mandatory, however, without passing KYC, you can use the platform only in a limited mode. In particular, operations with fiat will be unavailable, and this is one of the significant advantages of the exchange.Read more: What is KYC & the registration procedure on the cryptocurrency exchangeExchange interfaceAt first glance, the interface of the WhiteBit exchange may seem complicated, but in fact, its initial development will take no more than a few minutes. In the header of the site there are links to the basic functions of the site:Trading is the main function of the platform, which allows you to earn money on speculation with the cryptocurrency exchange rate.There are four sections available in the tab:Basic - trading in the basic interface on the spot market;Spot - trading on the spot market in an advanced interface;Margin - trading with leverage;Exchange - the ability to quickly exchange one asset for another (the funds must be on the platform's account).Smart staking — earning on staking your deposit. Interest on investments is immediately credited to the exchange account.AML - a form for sending a verification request.  Cryptobazar is a p2p platform for buying and selling cryptocurrencies, it works on the principle of LocalBitcoins.Read more: P2P: where peer-to-peer networks are usedTournament  is a trading tournament in which you can win a prize pool in a certain token.DEX is a decentralized WhiteSwap bank that allows you to earn on liquidity, vote for decision-making and trade without KYC and centralization.Help — contact the support service and the F. A. Q., which contains answers to basic questions.More — additional functions that allow you to send a request for a token listing, find out information about the company, commissions on the platform, the user agreement, etc.Login — log in to a pre-created profile.Registration — registration of a new profile.The next window contains three important sections:KYC - description of the verification levels and the opportunities they provide;Margin trading - trading pairs for trading with leverage and a link to a direct transition to the interface;Bitcoin Global is a peer-to-peer platform for buying and selling cryptocurrencies.Next, the user sees a running line of quotes for popular trading pairs, just below are the latest posts from the exchange's blog, and then-the trading volume and changes for the most popular pairs:On the main page, you can also immediately download the exchange application for Android and iPhone via a QR code, an app store or a direct link:Despite the relatively short working time, the exchange has already managed to conclude cooperation with well-known companies and services, including CoinMarketCap, Cointelegraph, CoinGecko and others:WhiteBit has accounts in well-known media, which you can join and become part of the community.Registration on WhiteBitHow to register on WhiteBit:Go to the "Registration" tab.Enter your personal data to create an account.Confirm your account using the link from the email.Registration is completed.The first step is to go to the "Registration" tab on the main page of the site.Registration is very simple and requires the provision of standard information: email, a complex password, a referral link (optional). You must also agree to the terms of use and privacy policy, as well as confirm that you are not a resident of the countries from the specified list.After clicking on the "Register" button, the exchange will send an email about the successful creation of the account and will offer to click on the link to confirm it.After clicking on the link, the system will offer to notify you via emails about the completion of transactions - you need to click OK if this function is important to you.This completes the registration on WhiteBit and you can start trading.    Verification on WhiteBitHow to pass verification on the WhiteBit exchange:Go to the "Not verified" section.Fill in personal data.Upload a photo or a scan of an identity document.Upload a selfie.Please note that verification on WhiteBit is mandatory for working with fiat, without it, the limit for withdrawal only in cryptocurrency is 2 BTC per day, i.e. it will not work fully.Passing verification allows you to work on the fiat markets and increase the withdrawal limit to 100 BTC per day.To pass verification on WhiteBit, click on the profile icon in the upper-right corner and go to the "Not verified" section.  The verification process on WhiteBit consists of three stages:Information about the user.Uploading identity documents.Selfie.At the first stage, you need to specify personal data:Full name;Date of birth;Residential address.Please note that the user must be at least 18 years old.The next step is downloading identity documents. It can be:  Passport.ID card.Driver's license.The third and last stage of verification is uploading a selfie with a passport and a sheet of paper on which the current date and domain of the exchange.After sending all the data, the site will need some time for verification (according to the information on the official website from 1 hour to a day), the user will be notified about the completion of which via e-mail.Unlike many other exchanges, verification on WhiteBit is quite simple and does not require documents to confirm the address.  How to trade on WhiteBitHow to trade on WhiteBit:Choose the desired type of trading (spot or margin).Select the order type and select a trading pair.Set the amount.Wait for the order to be executed.Get a profit and repeat.To start trading on WhiteBit, you need to click on the "Trade" tab in the upper panel of the interface and select the desired type of trading (spot or margin).Trading interfaceLet's consider an example of the WhiteBit trading interface using the example of "Basic" trading, since the interface is designed specifically for beginners.  At the top of the page there is a chart of the selected cryptocurrency, which the developers implemented from the well-known trading service Tradingview. This is very convenient, since its functionality has a wide range of tools.The interface of spot trading is almost no different from the "Basic" one, the differences are in color, a more compact arrangement of windows and a simple switch to margin trading:Margin trading on WhiteBit    Only one leverage is available on WhiteBit for margin trading - x5, and transactions can be made with three pairs: BTC/USDT, ETH/USDT and ETH/BTC.The margin trading interface is located in the "Trade" - "Margin" tab.Please note that the "Margin x5" tab is selected, after which you can trade short or long.Cryptocurrencies and orders75 cryptocurrencies and 137 trading pairs are available on the WhiteBit exchange. Almost 900,000 users visit the exchange every week.Spot trading on WhiteBit is available in nine markets, four of which are spot markets:BTC;ETH;USDT;USDC;TUSDT;USD;EUR.Most of the trading volume (77.5%) is accounted for by only three pairs, with all three to the Tether stablecoin:BTC/USDT (46,44%);ETH/USDT (20,81%);BNB/USDT (10,26%).The system of orders on the exchange is suitable for both beginners and advanced users, as it includes not only a market and limit order, but also some other types that allow you to minimize losses:Market - a market order that allows you to perform operations with an asset (purchase/sale) at the price "at the moment". Such orders differ in 100% execution, but they do not allow you to predict the price movement, which is why a lost profit is possible;Limit - a limit order that allows you to set the desired price for buying/selling in advance. The order is executed only when the market price reaches the set level. The disadvantage is that the amount is immediately reserved and cannot be used for other operations;Stop-market - executed when the market price reaches the set level. The main purpose is to prevent losses in the event of sharp price fluctuations;Stop-limit - allows you to set a stop price and a limit price. The order is activated when the market price reaches the level of the set stop price and is executed when the set limit price is reached. It is also used to prevent losses in conditions of volatility;Conditional - they work on the same principle as stop-limit orders, with the only difference that the conditions (stop price and limit price) are set on a "guide pair", for example, BTC/USDT. This type of order is used when the volatility of one pair is tied to the behavior of a certain cryptocurrency (in most cases, bitcoin).Read more: What are Stablecoins and how do they differ from other cryptocurrenciesDeposit and withdrawal of fundsDepositing fundsHow to make a deposit to a WhiteBit account in cryptocurrency:Go to the "Balance" - "Spot" section.Choose the cryptocurrency/stablecoin that you need to deposit.Select a network (blockchain for translation).Check that the address is correct.Transfer cryptocurrency to the copied address or via a QR code.Please note that without passing verification (KYC), the limit for depositing and withdrawing funds is 2 BTC (the equivalent in any cryptocurrency) per day.First of all, you need to go to the "Balance" section and select the spot market. Then click "Top up" next to the cryptocurrency of interest.A window opens from which you need to copy the address to which you want to transfer funds, or immediately scan the QR code if the funds are sent from a mobile wallet. After processing the transaction, the funds will appear on the WhiteBit balance. Also note that there are minimum limits on the deposit of funds on the exchange. For bitcoin, it is, for example, 0.0005 BTC.When transferring stablecoins, for example, USDT, you additionally need to select a network.How to make a deposit to a WhiteBit account in fiat:Go to the section "Balance" - "Spot" - "Fiat".Select the fiat currency that you want to deposit.Select a payment system.Enter the amount.Click on "Request".Please note that for depositing funds in fiat currencies, verification is required.As in working with cryptocurrencies, you need to go to the "Balance" section and select the spot market, then click on the "Fiat" section. Next to the desired cryptocurrency, select "Top up". It is also possible to quickly deposit funds using a credit card.Next, a window will open in which you will need to select a payment system, enter the deposit amount and click on the "Request" button.After that, the system will automatically redirect you to the payment system page to complete the transfer. The funds are credited to the account within a few minutes.Withdrawal of fundsThe withdrawal of funds from WhiteBit is made in the same section as the deposit. it is important that the daily limit for the withdrawal of cryptocurrency is the equivalent of 2 BTC. Verification is mandatory for the withdrawal of fiat.    How to withdraw cryptocurrency from WhiteBit:Go to the "Balance" - "Spot" section.Select the cryptocurrency/stablecoin that you want to withdraw.Select a network (blockchain for translation).Enter the withdrawal address and the amount.Confirm the operation.Below is a detailed instruction on how to withdraw cryptocurrency from WhiteBit.First of all, you need to go to the "Balance" section and click on "Withdraw" opposite the desired cryptocurrency.Next, you need to select a network (if you withdraw stablecoins), enter the wallet address and the required amount. The final step is to confirm the withdrawal by clicking on the "Request for withdrawal of funds" button. After processing the transaction, the funds will be transferred to the user's address.How to withdraw fiat from WhiteBit:Go to the section "Balance" - "Spot" — "Fiat".Select the fiat currency to withdraw.Select a payment system.Enter your payment details.Enter the amount.Click on the "Withdrawal Request".After that, a withdrawal request form will appear on the screen, in which you need to select a payment system, enter payment data, specify the withdrawal amount and send a withdrawal request.The request for the withdrawal of fiat currencies lasts from 1 minute to an hour-it depends on the network load.CommissionsThe commission for the maker and taker on WhiteBit is 0.1% of the transaction amount.The exchange also notes that for some pairs it may be lower and its exact amount can be seen directly when making a transaction.When using borrowed funds for margin trading, the daily commission is 0.098% of the amount.Commissions for deposits and withdrawals depend on the type of assets. So, when depositing funds in cryptocurrency, there is no commission, when withdrawing it depends on a specific cryptocurrency. For example, for bitcoin, it is 0.0004 BTC, for Ethereum — 0.004 ETH.When withdrawing and depositing fiat funds, the commissions are on average higher and directly depend on the amount.We also advise you to look at the WhiteBit review and see in practice how trading takes place on this site:Additional featuresSMART stackingSMART staking is an additional WhiteBit feature that allows you to earn interest on deposits. The exchange offers several plans, which depend on the staking period, for different cryptocurrencies. According to the information on the website, you can earn up to 30% of the deposit amount in a year by simply storing funds on the balance.Trading tournamentsRegistered users can take part in trading tournaments that the exchange conducts in partnership with issuers of cryptocurrencies (mainly new tokens). As a reward, the winner receives a certain number of tokens, which, as a rule, do not have a high price yet, but in the future they can bring "X". The winner is selected based on trading volume data, and the leaderboard can be seen on the tournament page.  Referral programWhiteBit has a very attractive referral program that allows you to earn 40% of the transactions of each user who has registered using a referral link.The earned percentage of the commission is credited to the main balance for the past month at the beginning of the next month in the currency in which the referral made transactions.WhiteBit codesThe WhiteBit code is a tool that allows you to quickly and conveniently transfer funds from one exchange account to another. The creation is available from the main account. One code is used to transfer one cryptocurrency. In order to create a code, you need to go to the "Profile" - "Codes".    SafetyAccording to WhiteBit, the security of funds and the reliability of trading is the main priority of the exchange. More than 96% of assets are located on "cold" wallets, in addition, WAF technology has been introduced, which allows you to detect and instantly block an attempt of a hacker attack.    Two-factor Authentication (2FA)This option allows you to provide an additional level of protection for your account. Thus, even if someone knows the password from the profile, they will not be able to log in without an additional security code from the authentication application.  Setting up 2FA on WhiteBit, in addition to security, opens access to additional functions:Connecting API keys;Increasing the withdrawal limit.Anti-PhishingThe Anti-Phishing system allows you to protect your account from a phishing attack. The bottom line is that the user creates a phrase that is sent in each WhiteBit email. This allows you to be sure that the messages come from the official website, and not from scammers.You can configure Anti-Phishing in the "Security" section.      Support ServiceThe support service is available 24 hours a day and can communicate with users in seven languages (English, Chinese (Mandarin), Indonesian, Spanish, German, Russian and Korean).Advantages and disadvantagesAdvantagesThe WhiteBit exchange has very important advantages, and it should be noted that there are many more of them than there are minuses:Reliable storage of funds — according to the exchange, 96% of funds are stored on "cold wallets".Flexible interface — simple configuration allows you to adapt the interface for both beginners and advanced users. In addition, you can configure the interface for working with margin trading separately.Several levels of security — the account can be additionally protected with 2F authentication, anti-phishing attacks, as well as create a "white" list for withdrawals of funds.High platform performance — according to the developers, the platform processes 10,000 orders per second and supports 1,000,000 TCP connections.The ability to connect the API — the exchange can be used through trading bots and through platforms for automated trading.Low trading commissions — the commission for the maker and taker is 0.1% of the transaction amount, which is significantly lower than on popular exchanges.Trading to fiat - on WhiteBit, you can trade to fiat currencies, this option can be found only on several exchanges.Transparency of work — the exchange is officially registered through the Estonian regulator and has the appropriate licenses for conducting activities.Additional earnings — you can earn on WhiteBit not only on trading, but also on staking, which can become a passive income.DisadvantagesThere are few disadvantages of this site, but they still exist:The need to pass verification — to increase the withdrawal limits and to trade on the fiat markets, it is necessary to pass verification.Limited set of trading pairs for margin trading with leverage — with x5 leverage, you can only trade on three pairs (BTC/USDT, ETH/USDT, ...
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