Ethereum/Bitcoin Trading forecasts and signals

Bitcoin jumped on Thursday by three thousand dollars in a few hours, above $41,000 - on the news that Coinbase will allow you to directly buy cryptocurrency through Apple Pay.Ethereum exceeded two-month highs by $2,800 after the news of the successful London hard fork.The American crypto exchange Coinbase on Thursday announced the expansion of the payment capabilities of its users. From now on, Coinbase customers can top up their accounts directly through Apple Pay.Previously, this option was available only to owners of their own Coinbase card when adding it to the Apple wallet.Read more: The history of the Coinbase exchange "If you already have a Visa or Mastercard debit card linked to Apple Wallet, Apple Pay will automatically appear as a payment method when buying cryptocurrency through Coinbase on an Apple Pay-enabled iOS device or in the Safari web browser," Coinbase said.In addition, Google Pay users will have the same opportunity in the fall.The planned update of London on the Ethereum network took place on Thursday, August 5 at 15:33 GMT on the block 12,965,000. After its activation, the network burns an average of 4.2 ETH (more than $10,500) every minute.Ethereum will become a "next-generation economy" and will be much more than a "narrow monetary system," said Joseph Lubin, head of ConsenSys and co-founder of the second largest cryptocurrency by capitalization.According to him, the Ethereum ecosystem, which he compared to the Internet, already surpasses bitcoin in many ways. Lubin noted that the London hard fork is an important milestone in the transition to ETH 2.0. He confirmed the words of Vitalik Buterin that the second version of the network will be 1000 times more environmentally friendly than the current ...

Bitcoin continues to trade in recent days just above the $31,000 level, dangerously close to the lows of recent months.Meanwhile, the founder of the investment company DoubleLine Capital, Jeffrey Gundlach, who is also known on Wall Street as the "king of bonds", called the bitcoin chart "frightening" and predicted a collapse of BTC to $23,000.Gundlach justified his forecast with a head-shoulders technical analysis figure with a neck line of about $29,000. If this line breaks, the decline may accelerate."I don't trust this figure, but this time everything looks quite convincing. I have a feeling that soon it will be possible to buy bitcoin below $23,000", he said.The CEO of DoubleLine predicted a "significant weakening of the dollar" in the long term due to the US trade and budget deficits. In view of this, for a longer period of time, the first cryptocurrency will be able to show better dynamics than USD.At the same time, Gundlach rejected the possibility of personal investment in cryptocurrency due to the lack of "risk tolerance".The head of DoubleLine Capital received the unspoken title of " king of bonds "from the financial markets and the media in the fall of 2014, after the former "king of bonds" Bill Gross, a former co-president of PIMCO, left the company with a scandal.Recall that at the end of June, a similar forecast for BTC was given by the American bank JPMorgan. Bitcoin may fall to $25,000 due to the possible sale of shares of the Grayscale Bitcoin Trust bitcoin fund after the six-month blocking period.The units of the Grayscale Bitcoin Trust fund have a deferred repayment mechanism. GBTC owners must keep them for six months, only then they can be sold. According to the Bybt service, about 40 thousand bitcoins purchased in January will be unblocked in July.Cryptocurrencies with their huge share of speculative capital are not characterized by periods of calm at high prices: either rapid growth or a deafening collapse with subsequent consolidation. This dramatically increases the chances that the exit from the consolidation will be down with a potential target of $10,000 at some point next ...

The price of Bitcoin fell to the level of $31500. Ethereum fell below the key support of $2000 and reached the level of 1875. The cost of XRP fell to 58 cents. The total capitalization of the cryptocurrency market has decreased to $1.28 trillion.The analytical company Glassnode reports that now users of centralized cryptocurrency exchanges withdraw 2,000 bitcoins or almost $66 million to their personal wallets every day. The latest report notes that this situation has been observed since the end of May. As a result, the volume of bitcoins on the exchanges began to gradually return to the levels of April, when the first cryptocurrency reached a record high of about $65,000. According to analysts, the growth stage of bitcoin was accompanied by a constant withdrawal of assets from exchanges. A significant part of these assets turned out to be concentrated in the Grayscale Bitcoin trust or were bought by institutional investors, whose activities provided a constant net outflow from the exchanges. The situation changed in May, when investors again began to send their coins to the exchanges for sale against the background of a reversal of the price trend.The People's Bank of China on Friday published the first white paper of its digital currency. The document explains the high-level principles of the digital yuan device, its features and the progress in the development of the project since 2014. Specific plans for further promotion of e-CNY are not given, but it is known that it will support smart contracts. As the Chinese Central Bank notes, the motivation for the creation of the digital yuan was the emergence of cryptocurrencies and the risks they pose to the existing financial system. The section describing the technical device of the e-CNY says that one of the distinctive features of the new currency will be its programmability. Without sacrificing security and legal compliance, the programmable e-CNY will allow payments to be made automatically according to the specified conditions, which will contribute to the development of commercial models. During the test of the digital yuan in Chengdu, the possibilities of its programmability were already used. For example, conditions were set that allow you to spend digital currency only when paying for a ride in the subway or on the bus. The Central Bank of China itself has patented dozens of inventions, including for tracking digital yuan transactions, which will make sure that the currency is spent for the specified purposes.The US Securities and Exchange Commission has postponed the deadline for making a decision on the application for the creation of an exchange-traded fund ETF based on bitcoin by WisdomTree until the fall. The regulator has requested additional comments from experts and the public regarding the security of bitcoin ETFs for investors and specifically the WisdomTree proposal. Currently, the SEC has more than 10 such applications. The SEC adheres to the procedure that it has practiced over the past years when considering such appeals, postponing the deadlines until the last. Subsequently, many ETF issuers themselves preferred to withdraw applications without waiting for a refusal. Recently, the decision on the application of VanEck was postponed in a similar way. Supporters of the ETF believe that the appearance of such a tool will make cryptocurrency investments more accessible to market participants, including stock managers, financial institutions and even retail investors. The latest comments of the authorities, however, indicate that these hopes are unlikely to be fulfilled in the near future.The forecast expects a further fall in the price of bitcoin to the levels of 31200, 31000, 30500, 30000 and 29000 Dollars. Ethereum will decline to the levels of 1850, 1800, 1750, 1700 and 1600 dollars, and XRP – to the price values of 56, 55, 52, 50 and 45 ...

On the penultimate day of the working week, the cryptocurrency market shows a moderate decline. Bitcoin has been losing almost 5% over the past day and is trading around $33,500. Thus, the recent price rebound was almost completely compensated. The inability to overcome the threshold $40,000 dollars results in increased bear pressure. As before, the phrase “what does not grow – falls“ is extremely relevant for the crypto market. So far, the scale of the decline is not critical for the market, and a drop up to $30,000 will not mean a reversal of the broad trend. However, if we see a decline to $29,000 and below, this situation may well provoke panic sales. However, it is worth remembering: the more panicky we see sales, the more aggressive the purchases of hunters for discounts will be.The latest episode of the sale on the cryptocurrency market during the last quarter was associated with tough actions of regulators, the emergence of concerns about the possible curtailment of the incentive policy, loud populist statements regarding the non-environmental nature of bitcoin, as well as a decrease in institutional demand for digital currencies. Although sales have somewhat stabilized, the main cryptocurrency remains squeezed in the range between $30K – $40K.The hashrate of the bitcoin network has stabilized after a long period of decline due to the relocation of miners and the shutdown of equipment. Market participants assume that the most difficult moment after the statement of the Chinese authorities about the need for miners to curtail their activities in China has passed. At the moment, the computing power of the network is far from peak values. However, no one doubts that soon the miners will turn back on their equipment and the hashrate will begin to grow. This situation will bring the crypto market a more significant diversification of computing power, the distribution of mining plants around the world, but for China, the loss of control over the computing power of Bitcoin can turn into unpleasant consequences.Nevertheless, the country's authorities should have kept the competitor as close as possible, and not created conditions for even greater global attractiveness of the asset. After all, the more decentralized Bitcoin is, the higher its value in the long term. The relevance and need for Bitcoin is only growing as financial nuts are being tightened in all economies of the world. The world economy has very quickly gone from total globalization to a virtually global trade war. The policy of central banks gave birth to Bitcoin, which has undoubtedly become one of the iconic symbols of the new era and has the potential to turn into a separate ...

The price of Bitcoin fell to the level of $33,300. Ethereum fell to the level of $2040, and the cost of XRP did not change and remained around the value of 63 cents. The total capitalization of the crypto assets market has decreased to $1.37 trillion.According to the charts provided by the analytical company Glassnode, there have been several positive events for bitcoin in recent days. The balances of miners' wallets are growing again, and the bitcoin hashrate is recovering. According to Glassnode, after a period of intense bitcoin sales in June, mining companies began to accumulate coins on their wallets again in July. This means that now there are fewer coins coming to the market for sale. The volume of bitcoins on wallets controlled by centralized exchanges is also decreasing. This probably indicates a possible decline in sales volumes. According to another Glassnode chart, the hashrate of the main cryptocurrency has begun to recover after a recent significant drop. The decline in the indicator occurred in June, when the Chinese government introduced restrictive measures against local miners, banning them from accessing energy sources. This move by the Chinese authorities forced mining companies to look for new jurisdictions, choosing more friendly regions for business, for example, Kazakhstan, Canada and the United States.Investment products based on digital assets registered a small outflow of capital totaling $4 million during the last week. Outflows from bitcoin funds amounted to 7 million. Multi-active funds were the most popular and attracted $1.2 million. Investments in them since the beginning of the year account for 16.5% of the total assets under management. Although volumes remain relatively small compared to bitcoin and Ethereum, these data suggest that investors are increasingly looking to diversify their assets into digital currencies. In general, analysts say, the last week was the quietest since October 2020 – the turnover of investment products based on cryptocurrencies amounted to only $1.58 billion. Forex trading. Cryptocurrency signals for today, July 13, 2021 The forecast assumes a decline in Bitcoin to the levels of 33000, 33500 and 32000 dollars. Ethereum will decline to the levels of 2000, 1980 and 1950 dollars, and XRP - to the price values of 60, 58 and 56 ...

Bitcoin fell sharply on Thursday after a new statement by the Central Bank of China.The first cryptocurrency fell by almost $2,500, approaching the lows for a week and a half around $32,000.Bitcoin and stablecoins have turned into speculative instruments that threaten the security of the financial system and social stability, vice Chairman of the People's Bank of China (PBOC) Fan Yifei said on Thursday.According to him, it was the threats coming from the first cryptocurrency and stablockins that caused the introduction of restrictive measures. Yifei promised that in the near future Beijing will introduce new measures against the cryptosphere.Answering questions from journalists, Fan Yifei pointed out that private digital currencies and central bank digital currencies (CBDC) should be separated. China will continue to actively promote the digital yuan and will use it during the 2022 Winter Olympics, which will begin in February.Calls for the introduction of strict restrictions on mining and crypto trading were made by the Chinese authorities in mid-May. In June, four provinces of China completely banned the mining of cryptocurrencies, and banks and other financial organizations of the People's Republic of China were banned from conducting operations related to digital assets.As a result, more than 70% of miners were forced to turn off their equipment to move to other countries. The hashrate of the first cryptocurrency has decreased by more than 50% in a month.Against this background, bitcoin has fallen by 20% in two months. Experts agree that if the Chinese authorities continue to put pressure on the market, then a further decline in bitcoin is ...

The world's largest cryptocurrency exchange Binance has recently been attacked by regulators and banks.One of the largest financial conglomerates in the world, Barclays, on Monday banned its customers in the UK from sending funds to the Binance crypto exchange.The decision is aimed at "helping to keep your money safe", according to an SMS message sent to the bank's customers who transferred money to Binance this year.Santander Bank also announced that it will reconsider its attitude to payments sent to unregulated crypto exchanges. Lloyds noted that they do not allow credit card transactions related to cryptocurrencies and check such transactions for fraud.Last week, the Securities and Exchange Commission of Thailand opened a criminal case against Binance. The regulator found that Binance provided services through its website without a corresponding license. Earlier, Binance came under pressure from regulators in Singapore and the Cayman Islands.At the end of June, the British regulator FCA warned that Binance Markets is dangerous for consumers because it operates without a license. This warning also applies to the Binance Group.Earlier, the Financial Services Agency of Japan (FSA) issued another warning to Binance for working in the country without a license. The main purpose of the notification is to protect investors. More about Binance:Binance crypto exchange is under ...

The price of Bitcoin fell to the level of $34,800. Ethereum fell to the level of $2150, and XRP-to the price value of 74 cents. The total capitalization of the cryptocurrency market fell to $1.45 trillion.The number of bitcoins in closed-end investment funds in the United States and Canada and exchange-traded funds on Friday fell to the lowest value since February 25. In the last three days alone, the decline was more than 15,000 bitcoins. On Wednesday, the Fed announced a planned increase in interest rates as early as 2023, after which cryptocurrencies were under pressure from sellers. Bloomberg at the same time reports that the volume of venture capital investments in cryptocurrency companies since the beginning of the year amounted to $ 17 billion. This is the largest investment volume for a single year, which also roughly corresponds to the total investment volume for all previous years.The authorities of the Chinese province of Sichuan, which has long served as a major mining center due to the abundance of hydroelectric power, ordered the closure of local mining farms. The order of the local authorities will directly affect 26 registered mining enterprises that tried to cooperate with the government, and were established in certain industrial zones. Such industrial parks were organized by local authorities in an attempt to attract mining farms that would consume excessive amounts of hydroelectric power during the summer rainy season, otherwise this energy would be wasted. Since 2020, dozens of bitcoin mining businesses have been allowed to operate in these industrial parks and have paid the necessary fees to get power from the state grid. But now even registered farms will be disconnected from the power grid. A detailed report on the results of the work performed will be prepared by June 25. It should be noted that the Chinese provinces began to implement such strict measures after the May meeting of the Committee on Financial Stability and Development of China, which called for a ban on mining and trading bitcoin. Forex trading. Cryptocurrency forecast for today, June 21, 2021 The forecast assumes a further decline in Bitcoin to the levels of 34500, 34000 and 33500 Dollars. Ethereum will reach the levels of 2100, 2050 and 2000 Dollars, and XRP will fall to the price values of 72, 70 and 65 ...

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, ...

WIN tokens are a cryptocurrency used on the WINk gaming platform.What is a WIN coin?WINkLink (WIN) is a token used on the WINk platform. WIN tokens allow users to place bets and make transactions on WINk.The WINk platform, which was known as TronBet until July 2019, is a blockchain-based gaming platform.The WINk token, WINkLink, was released by the creators of the platform after rebranding from TronBet to WINk.The WIN token supports two blockchain standards:TRC20 - TRON blockchainBEP-2 is the Binance blockchain.Brief information about WINKCryptocurrency: WINKLinkToken: WINMarket capitalization: 405 million USDIn circulation: 313 billionTotal amount: 994 billionThere are 313,607,571,387 in circulationHistorical maximum: 0.0029 USD (April 5, 2021)Historical minimum: 0.00004 (March 13, 2020)How does WIN work? (WINkLink)WINk's goal is to become the leading gaming platform in the blockchain industry, so that users can play, communicate and place bets in several blockchain systems.WINk's predecessor, TronBet, was the first decentralized application (DApp) launched on the TRON network.WINk claims to offer the largest library of games on the TRON blockchain, including poker, dice and slots.The WINk platform also offers developers the tools and resources to create unique gaming decentralized applications.Who invented WIN?The Binance Research report indicates that the development team consists of 12 people, three of whom have experience in games and management, and four have worked with blockchain technology.The development team, according to this information, consists of former employees of well-known corporations, including Amazon, Alibaba, Ogilvy, Tencent and Gameloft. In addition to the names, no other information is provided.There was an assumption that this secrecy is due to the fact that the developers live in China and do not want to attract the attention of local authorities to their gaming platform.Every WINk user mines tokens by playing their favorite applications on the platform. The more time a user spends playing the game, the more tokens he gets.There is also a separate function for token holders called WinDrop, which works in a more complex way.How does WinDrop work?The platform participants have a Win Power indicator.Win Power is calculated based on the number of WIN tokens available to the user. The more tokens a user has, the more Win Power he has.Every day, depending on the available amount of Win Power, the system will distribute a certain number of TRON tokens (TRX) among all holders of the WIN cryptocurrency.The amount of TRX that the user receives is proportional to his Win Power.The price of the WIN coin: how WIN mining worksThe WINk platform provides developers with tools that allow them to create applications (games) on their platform and export ready-made projects.The developers of the platform attract users with a low cost of transactions on the network.If the transaction inside the Ethereum network at the time of writing was more than $ 10, then for WIN it is enough to have a TRON wallet, for example, GuildWallet or TronLink, where there are about eight TRX tokens, or 0.59 USD.The developers claim that they can offer such a cost to users, because the platform uses its own bandwidth and electricity networks to conduct transactions.At the same time, tokens earned by users of third-party applications cannot be sold on the secondary market.Frequently Asked Questions about WINWhen was the WIN coin launched?WINkLink (WIN or WINkLink coin), the WINK token, was released by the creators of the platform after rebranding from TronBet to WINk in July 2019.Who owns the WIN coin?The full composition of the development and management team is not known. We know that Lucia Wong is the head of WINk. You can watch her speech "Why the heyday of decentralized entertainment is inevitable" at the virtual conference #LinktheFuture.How WIN Coins WorkEach WINk user earns tokens by playing their favorite applications on the platform. The more time a user spends playing the game, the more tokens he gets.How many coins are there in total WINThere are 994.7 billion WINk coins available, and there are currently 766.3 billion in circulation. Unlike Bitcoin, the offer for WIN is infinite.Price forecasts for WIN tokens. What can WIN doThe WIN coin is available as a double TRC20 or BEP2 token.TRC20 is similar to the TRC token, so it depends on TRON's TVM VMs, which are used by TRON developers and supported by the TRON network.BEP2 are tokens issued on the Binance Chain network.These tokens are used to pay commissions, and also allow you to perform any transactions on the network.WINk's decentralized gaming platforms are designed to allow users to fully control their funds, while gaming dApps generate faster and smoother transactions.Ken Park, head of WINk, said: "We sincerely believe that blockchain technologies can revolutionize the gaming industry and provide an excellent user interface."WIN Price HistoryFrom the moment of its launch in 2019 until the spring of 2021, the cost of WIN was quite insignificant and fluctuated at about 0.0008 USD.Then, in early April, the exchange rate rose sharply by 400%, and by April 7, 2021, the WIN price rose to a maximum of 0.002682 USD. This explosive growth was the result of zero transaction costs, as ETH WINk users switched to WIN.But the price fell again, and WIN was last traded at the level of 0.0004 USD, and the market capitalization of the virtual currency, having approached the $ 1 billion mark in April, fell to $ 144.6 million by mid-June.WIN Coin – is it a good investment?Cryptocurrencies are risky and very volatile instruments, and it is necessary to conduct a thorough analysis before investing.Mike Delaney of Delamere Health says that anyone who is considering investing in cryptocurrencies can become addicted. He advises:Set time and money limits. This will allow you to control how much time you spend online on websites dedicated to cryptocurrencies.Do not drink alcohol while trading. Your mind should be as clear as possible.Take frequent breaks. Delaney says: "Gambling can consume a person and leave a feeling of depression." He recommends removing or at least disabling notifications in the applications and programs that you use for trading.Don't try to earn all the money in the world. When your allotted time is up and you have reached the spending limit, do not try to increase your investment to compensate for previous losses. Delaney adds: "Sometimes you get money, and sometimes you lose it, but it's important to avoid over-investing in the hope of recovering the lost money."ReferenceWill WIN grow to 1 USD?To be honest, at the time of writing, the prospects for WIN do not look very rosy. In February 2021, the WINk website had problems. At this time, users did not have access to their accounts and, accordingly, could not place bets. Users also complained that they could not contact the support service of the WINk website.Like other cryptocurrencies, WIN is a very volatile, speculative token, and it will disappear rather than reach 1 USD.Where to buy WIN coinsWINkLink can be purchased:On the secondary market (exchanges and other users)During promotionsDuring the free distribution of tokens (the so-called Air Drops).On the secondary market, WIN can be purchased on such exchanges as Binance, Gate, io, Poloniex, Liquid, WazirX and ...

The cryptocurrency market is constantly expanding and it offers us more and more new digital coins. In this article, we will analyze about a special cryptocurrency – Dogecoin.When it was created, it was not considered a serious project at first. It was a joke or meme of Billy Marcus, a programmer who created the currency as a parody of other rapidly growing digital currencies. Billy created a meme symbol for his brainchild — the dog Shiba Inu, who smiles.If you compare the technical aspect of Dogecoin with Ethereum or Bitcoin, the creation of which is the infrastructure and billions of Dollars of investment injections, and serious opportunities, we can safely say that the structure of the coin is as simple as possible.At the same time, this currency is more environmentally friendly than Bitcoin, it does not have a limit on the issue, which makes the possibility of creating tokens less energy-intensive. In addition, this made Dogecoin even more convenient to replace the fiat currency, since the price of Dogecoin will not increase very much in the medium-term perspective.For a long time, this crypt was not noticed, but gradually it was noticed by several commercial networks, sports and medical companies. After that, the attitude towards Dogecoin changed, and the cryptocurrency itself began to be used as a payment instrument.The total value of Dogecoin in the spring of this year was more than $85 billion. For comparison, this figure is more than the cost of Gazprom and General Motors.The token has a godfather - Elon Musk. He started mentioning the coin both on social media and on various TV shows. The owner of Tesla praised Dogecoin in various ways, called its strengths, and this was the reason that the coin began to grow significantly. However, Elon Musk allowed this currency not only to grow, his messages on Twitter also influenced its fall. So, on May 9, Musk once again spoke about Dogecoin, and the coin fell by thirty percent. And, although this decline has not really changed the situation with the value of the coin, the current price continues to grow and has already exceeded more than a hundred times the value of the beginning of the year.The coin increased its value by more than twenty percent after the Coinbase cryptocurrency exchange listed it on its trading platform. The placement of Dogecoin on Coinbase Global allows many possible investors around the world to conduct token trading. Those users who have Coinbase Pro accounts can trade Dogecoin for US currency, Euro, Pound sterling, BTC, and Tether. When this became known, the value of the cryptocurrency increased from $0.31 to $0.38.Do I need to invest in DogecoinIf you bought Dogecoin for one thousand in January of this year, then now you can have about 85 thousand Dollars. This digital currency is very unpredictable, so it is not known what limit its value can reach. But it is precisely because of this volatility that it deserves special attention. If you are lucky, you can potentially make good money by investing now.Keep in mind that the hope that this meme currency will definitely be a reliable and long-term investment is very small. And if you decide to buy Dogecoin, it is better to treat this investment as an experiment. Invest as much money as you allow yourself to lose and do not expect much from this coin. For you, it should be primarily a speculative asset with potential for growth.To successfully trade this coin, you need to first subscribe to Elon Musk's tweets. Although the Tesla boss is interested in Dogecoin, the digital currency is likely to show good growth.Read more: Volatility: types, how to track and how to useWhy not invest in Dogecoin?There are two aspects that you should consider when thinking about buying this coin or be very careful when trading.In fact, it is not as strong as other coinsNow there are several types of digital currencies that are similar in structure and purpose. However, investing in Dogecoin is very different from other, established coins such as Bitcoin. Dogecoin was created in 2013, and although the coin has grown since then, it still doesn't have the same strength as other crypto assets.So, one of the reasons to invest in BTC is a small number of coins, the number of which is no more than 21 million. This limited number of bitcoins affects the growth in value. No wonder many experts called BTC "digital gold", because the asset is limited, as well as precious metals.At the same time, the brainchild of Billy Marcus has 129 billion tokens in circulation, and this automatically affects the price reduction. With so many more available coins, the value is low.In addition, there are not many businesses that accept this cryptocurrency as a means to pay for their products and services. Among all those who interact with it, they may prefer to accept bitcoin rather than Dodgecoin. Without the widespread adoption of Dogecoin, it will be difficult to achieve a steady growing result.There is also nothing special that sets Dogecoin apart from its competitors. For example, BTC has the most recognition, which makes the coin profitable in the digital currency market. Ethereum is the second digital currency after Bitcoin, and its creation technology is used for non-exchangeable coins (NFT). This allowed the use of Ethereum outside of the cryptocurrency space. As you can see, Dogecoin has no special qualities, without which this coin will be difficult to grow in the long term.Read more: What is NFT and why are they worth millions?Possible “bubble”Apart from the fact that the coin is supported by celebrities and electronic hype, there is nothing behind this meme currency that would guarantee a profit. All that we are now seeing are indirect signs that point to a bubble that will definitely burst at some point.Dogecoin is very similar to businesses such as GameStop and AMC, whose securities have soared in the blink of an eye, and their activities do not justify such an increase.As with GameStop and AMC, the increase in Dogecoin can be artificial, which is largely influenced by Elon Musk's comments that promote the coin on social media. And, as with GameStop and AMC, the fall of Dogecoin is probably only a matter of time.Buy or not?So, as the forecast shows, an increase in the price of Dogecoin is expected soon. Experts expect that in 2022, this digital currency will double to $0.72. In addition, it is possible that Dogecoin will reach a record level of $2.09.According to the short-term forecast of Digital Coin Price, in June the token will grow to $0.67. The average cost of the asset, which is expected in July, is $0.61. Dogecoin is projected to remain around $0.59-0.60 in August and ...

Decentralized applications (DApps) - more resistant to attacks and transparent applications that have become possible thanks to the blockchain. Thanks to such decentralized applications, Bitcoin and Ethereum actually appeared. Now dApps help to solve the most complex tasks within cryptocurrency projects, and without them it is already impossible to imagine an ecosystem of digital currencies. We will tell you what DApps are for and give examples of decentralized applications.ContentHow DApps workCommon features of decentralized applicationsClassification of DAppsAreas of application of DAppsAdvantages of DAppsPromising projects using DAppsHow to create DAppHow DApps workIn order to understand what DApp is, you need to refer to the definition of blockchain. This is a register of records that are stored in "blocks" that are linked by cryptographic verification. All actions are performed as a result of consensus.The register is not stored in a centralized location, it is not managed by a single organization. The block validation system leads to the irreversible addition of new transactions, and old records are saved forever and for everyone.The second important factor for understanding DApp is the difference between decentralization and distribution. A distributed system is a network consisting of autonomous computers. The components interact with each other to achieve a common goal. Decentralized computing is the allocation of resources for each individual workstation. This means that neither node informs the other what to do and how to do it. Therefore, decentralized applications — DApps are applications that run on a network of P2P computers.Read more: P2P: where peer-to-peer networks are usedCommon features of decentralized applicationsProduct decentralizationTokens are generated inside the productMaking a profit inside the systemThere are several common features of DApps. First, it is the decentralization of the product, when records are stored in an open, publicly available block chain-usually it is open source. This is followed by the cryptographic component: tokens are generated inside the product. Third, it is important to note the profit within the system, when tokens are awarded to miners or validators, as well as other community members.In addition, the application must generate tokens in accordance with a standard cryptographic algorithm that acts as proof that the nodes contribute to the application (for example, PoW or PoS).If we take the most universal definition, the first DApp is actually bitcoin itself. This is an implemented solution on the blockchain, a self-supporting public ledger that allows you to conduct effective transactions without intermediaries and centralized authorities.In turn, the most popular DApp - Ethereum, written in its own language, allows developers to create smart contracts on the Etinerum Virtual Machine (EVM). Now almost 1000 applications built on Ethereum are registered.The Ethereum platform allows everyone to write smart contracts and decentralized applications (DApps), where you can choose your own rules for the ownership of funds, the format of transactions and other functions, so applications can serve different spheres of life: from finance to healthcare. They allow you to build an interaction between two or more participants.Classification of DApps Depending on how decentralized applications (DApps) interact with the blockchain, they can be divided into three types.The main types of DApp applications:On its own blockchainBased on an existing blockchainThey have a mechanism for issuing tokensThe first type includes applications that run on their own blockchain, for example, the Ethereum platform.The second type includes applications that are developed and work on the basis of an existing blockchain. The most popular blockchain platforms for DApp of this type are Ethereum, Tron, EOS. An example of the second type of DApp is the MakerDAO protocol, which allows converting ETH cryptocurrency into DAI stablecoins. At the same time, MakerDAO is based on the Ethereum blockchain.The third type is applications that have a mechanism for issuing tokens. For example, the Augur application, which in April 2020 switched from using the Ethereum blockchain to using the MakerDAO protocol in order to reduce volatility.Let's say that your computer has an operating system — Windows, macOS or Linux. This is an analog of the first type of DApp . To access the Internet, you use a browser that is designed for a specific operating system — for example, Safari for macOS or Microsoft Edge for Windows. This is an analog of the second type of DApp . Your browser has extensions — for example, the Translate Safari translator, which is designed for a specific Safari browser. This is an analog of the third type of DApp .Read more: What are Stablecoins and how do they differ from other cryptocurrenciesAreas of application of DApps Many DApps are associated only with cryptocurrencies, but their scope of application is much wider. One of the most popular sites is the Auctionity auction. Thanks to smart contracts, online auctions become as transparent as possible, since the system automatically records the time and size of bids, excluding manipulation.In the field of online games, DApps offer users applications with built-in marketplaces, where players can already buy and sell their items using NFT technology.One of the first decentralized games was CryptoKitties, developed on the Ethereum blockchain. It caused such a stir that the number of transactions on the network reached a record, overloading the blockchain.Where DApps are used:Online auctionsOnline gamesDeFi appsDecentralized Financial Applications (DeFi) are another popular type of DApp . They simultaneously provide transparency and confidentiality of data. The distinctive features of DeFi include their accessibility: everyone who has an Internet connection can use the financial system. The most popular decentralized application from the world of DeFi is the Uniswap cryptocurrency exchange.Decentralized applications (DApps) began to appear in 2017, and the main period of growth occurred in 2019. The largest number of DApps is created on the basis of smart contracts in the Ethereum ecosystem.During the formation of the DApps' market, the question arose about the need to track, evaluate and simply search for various decentralized applications created in different blockchains.Read more: What is NFT and why are they worth millions?Advantages of DApps Stability of operationTransparencyLack of censorshipThe main advantage is the stability of the work. On the servers, regular applications may experience temporary problems or technical work. For example, you go to Instagram and see only the interface, and the images are temporarily not loaded. DApps servers are located on the devices of the users themselves, so they will work until the moment when there is at least one user on the network.The next plus of such applications, according to experts — is transparency. At any time, any user can view the open source code of the application.There are no functions hidden for the user in DApps. For example, a decentralized application cannot collect users' personal data in secret from the community. If it collects personal data, then the part of the code responsible for this will be publicly available.Another argument in favor of such applications is the lack of censorship by the state or the developer. Corporations cannot buy out a decentralized application and then change the terms of use, functionality, or close it altogether. Any changes must be confirmed by the community.If you use DApp, it will only change according to the preferences of the majority of users.Promising projects using dAppsThe VeChain project is focused on the introduction of blockchain technology into the work of corporate structures, as well as on the development of the Internet of Things (IoT). In turn, the NEO blockchain is positioned as an open network for the "smart economy". In total, 13 DApps are launched on it, of which the most popular are the gaming NEOLand and Switcheo. In September, there was a surge in activity — more than 2000 active digital wallets, but the average for the year was 250.The Waves blockchain has only recently been used to launch DApps, the number of which is 21 applications. These are mainly gaming DApps, of which the most notable are Dice Roller, Coin Flip and Ride on Waves. The maximum of active digital wallets was observed in October — more than 500 per day, and at the end of the year this figure was about 200.The WAX blockchain project was launched in December 2019 with a focus on decentralized gaming applications, and 26 DApps are already working on the network. The game application Prospects and the social network KARMA are also popular.How to create DAppPublish white papersConducting an ICO or IPOProduct developmentFirst, publish an official document on DApp with a "roadmap". As a rule, these are white papers that explain the concept, functions and technical characteristics of DApp. This step is important because it allows you to get feedback from the community.As part of the "white papers", highlight the opportunities and history of the best developers of your project in order to gain trust and reliability among the community.The second step is to conduct an ICO or IPO. ICOs are the starting point of modern startups or DApp. However, recently, the ICO is coming to naught, and an IPO is coming to replace it.It is very important to explain all aspects of your DApp here. In addition, it is worth telling interested community members whether your decentralized application will use tokens or mining. To strengthen the trust of the community, specify how much money will be spent on development, marketing and other necessary expenses.It is important to be open with the distribution of tokens, because most DApps projects have destroyed their reputation in the past due to lack of transparency. After preliminary preparation, as a rule, product development begins. At this stage of app creation, it is critical to share weekly or monthly updates on development progress in order to create an inclusive environment for community members.After the launch of the product, continue to support and change it as necessary in accordance with the roadmap, strategic vision and opinion of the community.Read more: What is an ...

The cryptocurrency market is now developing at a very fast pace, so fast that even teenagers are already in the topic of digital coins, crypto trading and free receipt of currencies through airdrop. Now digital currencies are trending, and some users earn good money on them. However, such a prevalence of this topic does not mean a high level of literacy in it. It happens that all digital coins are declared altcoins, and cryptocurrencies are called tokens. Such errors look especially awkward in the articles of the so-called "experts" and "experienced cryptocurrency traders". Let's analyze in detail the concepts of cryptocurrency and digital tokens in order to try to prevent such common mistakes. Let's consider the key characteristics of coins, the specific nuances of tokens and digital currencies.What is a cryptocurrency?Let's start with an analysis of this concept, because many began to earn on cryptocurrency, without even understanding the essence of this tool.Virtual currency is primarily understood as a unit of account with unique properties, one of which is the recording of information about the movement of digital currency on the basis of a distributed registry of a cryptographic system. In other words, all actions and information about the storage of the coin are recorded in free blocks of the blockchain or its branches-sidechains. Blocks, meanwhile, are formed by miners who earn coins on crypto farms through solo mining or conventional mining. With the help of the computing power of the devices, miners create free cells in the network database. The cells record the history of those coins that are circulated within the network space consisting of nodes (working nodes) representing users' computers.There are two main groups of cryptocurrencies – bitcoin and coins launched after bitcoin, called altcoins. Before bitcoin, there were coins that represent a separate group without a name.Altcoins are coins that are alternative to bitcoin, for example, ethereum, verge, monero, ripple and others. They are formed in the following ways:Through soft forks (the base of the slightly modified bitcoin blockchain);Through hard forks (the blockchain of bitcoin, changed greatly), which also allow you to create sidechains that give new coins additional characteristics;Through completely new blockchains, in which unique cryptocurrency parameters are created.Read more: What are AltcoinsWhat is a token?A token is another type of digital asset, completely different from a full-fledged cryptocurrency of an existing blockchain project. Only some options and involvement in virtual money combine a cryptocurrency and a token. Of course, a token is a financial instrument used by companies, project creators and users. As a rule, a token is a kind of debt obligation of the issuer to provide a service or a product. Often, inept users call a cryptocurrency a token, despite the fact that the token structure does not include a classic blockchain. The program code that forms the constructive architectonics of the token is an add-on of the blockchain block chain, borrowed from the basic virtual cryptocurrency system. In other words, the token is a cryptomonets application.At the moment, digital tokens are widely used due to the fact that there is a gradual introduction of blockchain technologies into everyday life. For example, blockchain technologies are used in logistics, healthcare, finance, and so on. Thus, tokens can be created to solve various local problems. Most often, tokens are mentioned in conjunction with a specific unfinished blockchain project, the system coin of which does not function without launching the network. The token, which acts as a superstructure of the cryptocurrency, performs some of its functions, later reuniting with the blockchain and broadcasting all the recorded information.History of Token CreationThe tokens were created in 2013, when the first ICO of cryptocurrencies was made when creating a new blockchain project.At that time, specialists created an intermediate link with specific functionality that allows bringing investors and developers of the blockchain system closer together. Thus, a token was formed with certain conditions of cooperation, which allows you to receive investors ' deposits in a simpler form. So, even an unfinished, completely new blockchain project with its own cryptocurrency can receive the necessary funding at the final stage of development. Meanwhile, investors receive internal tokens, which are later transformed into cryptocurrency. Of course, there are also not so successful results of investing in a digital currency. More than 75% of ICO cryptocurrencies with tokens are failed or fraudulent. However, this is a completely different story.To sum up, the token is only a temporary similarity of the share of the main blockchain. The development of such a mechanism was initiated by the emergence of the Ethereum platform, the capabilities of which allow you to create new tokens. Now tokens are being developed in other places as well.Read more: What is an ICO?Why do I need tokens?The scope of application of tokens is very wide and becomes even wider with the spread of blockchain technologies. A token, unlike a cryptocurrency, can:Used to pay for services or goods;Demonstrate the share of users in a joint-stock company;It can be used as an internal currency that is traded only within a closed cryptosystem;Be used as a valuable reward for specific actions, for example, in social networks, on gaming sites, etc.;Act as a tool that demonstrates certain values (for example, the amount of free GB for installation, etc.).Read more: What is a spread in trading Forex and stocks Types of tokensDepending on the specifics of the role, there are tokens:Currency ones. Such tokens perform part of the functions of a digital currency, they can be paid, rewarded or used to save capital. There are no intermediaries in this case.Stock (tokenized securities). Such tokens are a complete copy of the share in the share capital, which gives the holder certain powers.Application tokens. They are called user or service ones. Such tokens are a kind of key that allows its owner to access a certain amount of the company's services or its goods. In other words, it is a digital obligation that restricts the provision of something valid, real.Tokens are assets that are translated into the blockchain code format and are equal to a set of physical values. Thus, some types of gold reserves are converted into tokens, since it is much more convenient to exchange digital assets online without actually transferring a material instrument.Reward tokens and reputation units.At the moment, the most popular type of tokens is the one that demonstrates professionalism, activity level and rank of the participant on the platform. They allow you to purchase artifacts in games, improve heroes and their skills.Read more: Blockchain technology: how it works and where it is usedHow are tokens similar to cryptocurrency?Despite the fact that many people try to call the token a cryptocurrency and vice versa, these assets are almost completely different. There are only four similarities identified by experts:Cryptographic encoding protects the structure of both the token and the cryptocurrency;Both assets perform the functions of electronic money, and therefore they can be stored in wallets;Transactions with currencies and tokens occur quickly and with small commissions;There is an opportunity to earn on both assets.On the contrary, there are a lot of differences between a cryptocurrency and a token. It is important to note the following:The issue of tokens is not only decentralized, unlike the issue of cryptocurrencies. Tokens are also issued in a centralized way using the management of the organizer of the blockchain project. In addition, tokens are issued all at once, and the cryptocurrency is in the process of mining;The exchange rate value of tokens depends not only on market factors of supply and demand. In addition, the amount of remuneration, compliance with the real asset and the rules of issue affect;Operations with tokens are easily processed centrally;The token does not have its own blockchain or sidechain, unlike cryptocurrency. It functions on the basis of an already created platform;The basic functions of a cryptocurrency and a token differ. So, tokens are a kind of" coupon " that allows you to get services, goods or a share in the project. Cryptocurrencies also create a convenient space for the interaction of participants in transactions – a comfortable exchange of value values;The token is tied to a specific project and acts as a means of payment in a specific blockchain, the basis of which is cryptocurrency. A token cannot function without a cryptocurrency, and a cryptocurrency without a token is safe;The token can be used more widely. At the same time, the cryptocurrency is a larger-scale tool, since it is used not within the project, but throughout the digital economy.Thus, there is a strong difference between tokens and cryptocurrencies on the face. The specifics of a particular blockchain project affect the functions of the internal token: whether it will serve as a share, a reward tool, a currency, a valuable asset or perform a service function. At the same time, cryptocurrency acts as a means of payment and a carrier of financial information. Moreover, an investor can earn money on a token only in the case of investing in an ICO or resale, which can not be said about cryptocurrency. Before working with a token, it is worth carefully analyzing the blockchain system in which it "lives", its prospects as a cryptocurrency in the ...