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The Best Cryptocurrency Exchanges in 2021

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You’ll need to use a cryptocurrency exchange if you want to purchase or sell cryptocurrencies. These online services are comparable to stockbrokers in that they allow you to purchase and sell digital currencies such as bitcoin, ethereum, and dogecoin. With minimal costs and solid security features, the top cryptocurrency exchanges make it simple to purchase and sell the currencies you desire.

In this article we will see 4 cryptocurrency exchanges which have their own best parts.

  • Coinbase and Coinbase Pro
  • Cash App
  • Binance
  • FTX

Coinbase and Coinbase Pro: In general the best

Coinbase and Coinbase Pro

Number of currencies that can be traded: 107

Transaction fees range from $0.99 to $2.99 (Coinbase), with a maximum of 0.50% (Coinbase Pro)

Wallet : Available

Why is it the best in general?

Because Coinbase makes purchasing and selling cryptocurrencies simple and secure, with transparent pricing. Coinbase also offers Coinbase Pro, which has a cheaper price structure and much more charting and indicator tools.

Advantages and disadvantages

ADVANTAGES  (+)          

  • There’s a good selection of altcoins to choose from. 
  • The user interface is really simple.
  • Extremely high liquidity

DISADVANTAGES (-)

  • When you don’t use Coinbase Pro, you’ll pay a lot of money.
  • The wallet keys are not under the hands of the user.

About Coinbase

Coinbase has generally avoided any scandal in the cryptocurrency market, which has been plagued by counterfeit coins and fishy exchanges. Coinbase provides an incredibly user-friendly exchange, lowering the barrier to entry for cryptocurrency investment, which is often perceived as complex and troubling.

Cash App: For begginners, the best

Number of currencies that can be traded: 1

Fees for transactions vary

Wallet : Available

Why is it the best for beginners?

Cash App is the best for the beginners because it is simple to use and offers a variety of withdrawal choices to other bitcoin wallets.

ADVANTAGES  (+)      

  • It has peer-to-peer money transaction features similar to Venmo or Zelle.
  • Bitcoin withdrawals are possible.
  • The user interface is also quite simple.

DISADVANTAGES (-)

  • The only cryptocurrency that is available is bitcoin. There is nothing else
  • There is a fee that you have to pay when you want to transfer money via credit card.
  • Withdrawal limits apply on a daily and weekly basis.

About Cash App

Cash App, like Venmo, is a peer-to-peer money transfer service. Users can use Cash App to divide food, pay rent to a roommate, and even shop online at stores that accept Cash App. Users can have their own Cash App debit cards and utilize Cash App like a bank account.

Cash App allows users to invest in equities, exchange traded funds (ETFs), and bitcoin. This exchange’s mobile-first interface is simple to understand and operate, making it perfect for first-time investors.

Binance: If you are more interested in altcoins

Number of currencies that can be traded: More than hundreds

Fees for transactions range from 0.015% to 0.1%.

Wallet : Available

Why is it the best for altcoin enthusiasts?

Since it offers a diverse range of currencies in addition to the most popular crypto coins.

ADVANTAGES  (+)      

  • Fees are lower than those charged by other widely preferred exchangers.
  • A wide range of cryptocurrencies and trading pairs are available.
  • More enhanced charting is available.

DISADVANTAGES (-)

  • Designed for more experienced users
  • The US edition of Binance has fewer trading alternatives than the international version.
  • Binance is not available in all states.

About Binance in general

Binance is a cryptocurrency exchange that was established in 2017 with a focus mainly on altcoin trading. Binance has approximately 100 distinct trading pairs available between various cryptocurrencies. It also has a variety of fiat-cryptocurrency pairs.

FTX: Admin’s choice

Number of currencies that can be traded: More than 180

Transaction Fees:

Maker-> 0.020% – 0%

Taker-> 0.070% – 0.040%

Wallet : Available

ADVANTAGES  (+)

  • This platform’s KYC process is simple and aids in increasing trading limits.
  • The platform focuses on trading crypto derivatives.
  • FTX also ensures that all of its users have access to liquidity.
  • All of FTX’s tradable products and services require affordable fees.
  • Through the Simplex gateway, the platform also supports credit card purchases of cryptocurrencies.

DISADVANTAGES (-)

  • On FTX, leveraged tokens are unsafe investments.
  • In the crypto world, FTX is a pretty recent platform.

About FTX in general

FTX is a cryptocurrency and crypto derivatives online digital exchange. It is created to let you trade Bitcoin options and other popular crypto derivatives. FTX allows fund transfers via cash and stable cryptocurrencies like Ethereum, Bitcoin, and Litecoin, as well as access to the best spot trading practices. It works with a limited number of stablecoins and altcoins.

FTX helps consumers and institutional traders diversify their crypto trading portfolios with its trading services. Multiple trading products and options are available on the platform. FTX services are also designed to cater to the needs of professional traders in the market. To put it another way, the platform caters to expert traders.

In conclusion

If you want to start trading or investing in cryptocurrencies, it’s critical to find the optimal exchange for your needs.

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Interesting Knowledges About Satoshi Nakamoto’s Identity

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silhouette of man
  • Who is Satoshi Nakamoto? Satoshi Nakamoto is the pseudonym used by the unknown person or group of people who created Bitcoin, the world’s first and most widely used decentralized digital currency. Nakamoto’s true identity has never been revealed, and the individual or group behind the pseudonym has remained anonymous.
  • Hal Finney, Nick Szabo, and Adam Back as potential candidates for the identity of Satoshi Nakamoto Hal Finney, Nick Szabo, and Adam Back have all been suggested as potential candidates for the identity of Satoshi Nakamoto, the pseudonym used by the creator of Bitcoin. However, none of these claims have been independently verified and the true identity of Nakamoto remains unknown.
  • How to determine the identity of Satoshi Nakamoto If one were trying to determine the identity of Satoshi Nakamoto, they might consider using a variety of investigative techniques and tools, such as analyzing the writing style and language used in written materials attributed to Nakamoto, examining the technical expertise required to create Bitcoin, analyzing the timing of the release of the Bitcoin white paper and the first block, and examining the online activity of potential candidates.
  • Is there any secret message on the nickname “Satoshi Nakamoto”? There is no evidence to suggest that the pseudonym “Satoshi Nakamoto” has any hidden or secret meaning. The name was chosen by the individual or group behind the pseudonym as a way to remain anonymous while publishing the Bitcoin white paper and creating the Bitcoin network.
  • Relationships between Satoshi Okamoto, the cypherpunk movement, Hal Finney, Dorian Nakamoto, and Bitcoin Satoshi Okamoto is a Japanese philosopher and economist who is not known to have any direct connection to the development of Bitcoin or the cypherpunk movement. Hal Finney was a computer scientist and cryptographer who was an early adopter of Bitcoin and is known to have had a close relationship with the individual or group behind the pseudonym “Satoshi Nakamoto.” Dorian Nakamoto is a person who was incorrectly identified in a 2014 article as being the creator of Bitcoin. Dorian Nakamoto has no known connection to the development of the cryptocurrency or the cypherpunk movement.
  • Is Dorian Nakamoto’s real name Satoshi Nakamoto? Yes, Dorian Nakamoto is the real name of the person who was incorrectly identified in a 2014 article as being the creator of Bitcoin. Dorian Nakamoto’s name is often written as “Dorian Prentice Satoshi Nakamoto.” Despite being incorrectly identified as the creator of Bitcoin, Dorian Nakamoto has no known connection to the development of the cryptocurrency.

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How to create token on Avalanche?

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To create a token on Avalanche, you will need to have an Avalanche wallet and some AVAX, the native token of the Avalanche network. AVAX is used to pay for transaction fees and other services on the Avalanche network.

Here is a brief overview of the steps involved in creating a token on Avalanche:

  1. First, you will need to choose a name and a symbol for your token. The name and symbol should be unique and should not be already in use by another token on the Avalanche network.
  2. Next, you will need to decide on the total supply of your token. This is the total number of tokens that will be created and minted on the Avalanche network.
  3. Once you have chosen a name, symbol, and total supply for your token, you can use the Avalanche blockchain to create your token. This involves submitting a “minting transaction” to the Avalanche network, which will create your token and add it to the Avalanche blockchain.
  4. After your token has been created, you can use it for a variety of purposes, such as creating a decentralized application (dApp) or running a crowdfunding campaign. You can also trade your token on decentralized exchanges that support trading on the Avalanche network.

If you want to create a token on Avalanche using a smart contract, you will need to write the code for your smart contract. Avalanche supports the use of smart contracts written in a variety of languages, including Solidity and JavaScript. Here is an example of a simple smart contract written in Solidity that could be used to create a token on Avalanche:

pragma solidity ^0.7.0;

// This is a simple ERC-20 compatible token contract
contract MyToken {
  // The name of the token
  string public name;

  // The symbol of the token
  string public symbol;

  // The total supply of the token
  uint256 public totalSupply;

  // The balance of each address that holds the token
  mapping(address => uint256) public balanceOf;

  // The constructor of the contract, which sets the name, symbol, and total supply
  constructor(string memory _name, string memory _symbol, uint256 _totalSupply) public {
    name = _name;
    symbol = _symbol;
    totalSupply = _totalSupply;
    balanceOf[msg.sender] = totalSupply;
  }

  // A function that allows the owner of the contract to mint new tokens
  function mint(uint256 _amount) public {
    require(msg.sender == owner);
    totalSupply += _amount;
    balanceOf[msg.sender] += _amount;
  }

  // A function that allows users to transfer tokens to other addresses
  function transfer(address _to, uint256 _amount) public {
    require(balanceOf[msg.sender] >= _amount);
    balanceOf[msg.sender] -= _amount;
    balanceOf[_to] += _amount;
  }
}
  }

  // A function that allows users to transfer tokens to other addresses
  function transfer(address _to, uint256 _amount) public {
    require(balanceOf[msg.sender] >= _amount);
    balanceOf[msg.sender] -= _amount;
    balanceOf[_to] += _amount;
  }
}

This smart contract defines a simple ERC-20 compatible token that has a name, symbol, and total supply. It also includes functions for minting new tokens and transferring tokens to other addresses.

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How to create your own token on Solana?

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To create a token on the Solana blockchain, you will need to have a Solana wallet and some SOL, the native token of the Solana network. SOL is used to pay for transaction fees and other services on the Solana network.

Here is a brief overview of the steps involved in creating a token on Solana:

  1. First, you will need to choose a name and a symbol for your token. The name and symbol should be unique and should not be already in use by another token on the Solana network.
  2. Next, you will need to decide on the total supply of your token. This is the total number of tokens that will be created and minted on the Solana network.
  3. Once you have chosen a name, symbol, and total supply for your token, you can use the Solana blockchain to create your token. This involves submitting a “minting transaction” to the Solana network, which will create your token and add it to the Solana blockchain.
  4. After your token has been created, you can use it for a variety of purposes, such as creating a decentralized application (dApp) or running a crowdfunding campaign. You can also trade your token on decentralized exchanges that support trading on the Solana network.

If you want to create a token on Solana using a smart contract, you will need to write the code for your smart contract. Solana supports the use of smart contracts written in the Rust programming language. Here is an example of a simple smart contract written in Rust that could be used to create a token on Solana:

use solana_sdk::{
    account::Account,
    instruction::{Instruction, InstructionError},
    pubkey::Pubkey,
};

#[derive(Debug, PartialEq)]
enum Error {
    WrongInstruction,
    WrongArgumentLength,
    NotEnoughFunds,
}

impl From<Error> for InstructionError {
    fn from(e: Error) -> Self {
        match e {
            Error::WrongInstruction => InstructionError::InvalidInstructionData,
            Error::WrongArgumentLength => InstructionError::InvalidArgument,
            Error::NotEnoughFunds => InstructionError::AccountBalanceInsufficient,
        }
    }
}

#[derive(Debug, PartialEq)]
struct Mint {
    pub mint_account: Pubkey,
    pub recipient_account: Pubkey,
    pub amount: u64,
}

impl Instruction for Mint {
    fn account_keys(&self) -> Vec<Pubkey> {
        vec![self.mint_account, self.recipient_account]
    }

    fn execute(
        &self,
        accounts: &[Account],
        _data: &[u8],
    ) -> Result<(), InstructionError> {
        let mint_account = &accounts[0];
        let recipient_account = &accounts[1];

        if mint_account.executable {
            return Err(Error::WrongInstruction.into());
        }

        if mint_account.lamports < self.amount {
            return Err(Error::NotEnoughFunds.into());
        }

        let mut new_mint_account = *mint_account;
        new_mint_account.lamports -= self.amount;

        let mut new_recipient_account = *recipient_account;
        new_recipient_account.lamports += self.amount;

        Ok(())
    }
}

This smart contract defines a “mint” instruction that can be used to create new tokens and transfer them to a specified recipient account on the Solana blockchain. It includes checks to ensure that the minting account has enough funds to mint the specified number of tokens, and that the instruction is not being executed from an executable account.

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Disclaimer: ATHCrypto's content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.