Connect with us

Guides

The Best Cryptocurrency Exchanges in 2021

Published

on

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.

Advertisement logo
Click to comment

Leave a Reply

Guides

What is Baby AGI: A Comprehensive Guide For Beginners

Published

on

By

Artificial Intelligence (AI), an omnipresent force subtly weaving through the fabric of modern life, has ushered in a new era of innovation and automation. From virtual assistants like Siri and Alexa to the sophisticated recommendation engines driving platforms like Netflix and Amazon, AI’s impact is unmistakable. A groundbreaking stride in AI’s evolution is the emergence of Baby Artificial General Intelligence (AGI), an advancement poised to reshape our existence by automating a diverse spectrum of tasks. This article delves into the essence of Baby AGI, its mechanics, and the boundless vistas it opens for application.

Introducing Baby AGI: Pioneering Autonomy and Efficiency

Laying the foundation for an era of self-sustaining AI, Baby AGI is a groundbreaking autonomous agent meticulously crafted using the Python programming language in tandem with the OpenAI and Pinecone APIs. This innovative entity possesses the prowess to independently initiate and execute tasks, effectively revolutionizing workflow dynamics. Much akin to its human counterparts, Baby AGI demonstrates the capacity to learn, comprehend, and execute tasks spanning a myriad of domains, distinguishing itself from the narrower confines of specialized AI.

Exploring Baby AGI’s Boundless Potential

While the infancy of Baby AGI’s journey is undeniable, the scope of its applications is nothing short of prodigious. From crafting literary marvels to orchestrating intricate travel plans, Baby AGI promises the ability to undertake tasks demanding a human-like grasp of context and nuance. Crucially, it is imperative to grasp that Baby AGI doesn’t supersede human intellect; rather, it serves as an invaluable tool for task automation, driving productivity gains across domains.

Embarking on the Journey: Navigating the Prerequisites

Utilizing Baby AGI mandates a trifecta of essentials:

  1. Adequate Hardware: While specific hardware prerequisites remain nebulous, a computer boasting a minimum of 4GB RAM is advised to ensure seamless operations. Optimal hardware guarantees expedient task execution.
  2. API Key Activation: Empowering Baby AGI necessitates procuring API keys from OpenAI and Pinecone. This entails simple steps for key generation.
    • OpenAI API Key Generation:
      • Access platform.openai.com, then log in or establish an account.
      • Click the profile icon, selecting “View API Keys.”
      • Create a new secret key with a designated name.
    • Pinecone API Key Generation:
      • Visit pinecone.io and access your account or create a new one.
      • Navigate to “API Keys” on the left-hand side, then proceed to generate a new API key.
  3. Stable Connectivity: Unlike offline AI tools, Baby AGI thrives on an unwavering internet connection, underscoring the need for dependable connectivity.

A Comprehensive Guide to Harnessing Baby AGI’s Potential

The journey commences by embracing the steps outlined below:

Step 1: Python Installation

Begin by installing Python, an essential programming language requisite for executing Baby AGI. Visit python.org, acquire the latest version of Python, and follow platform-specific installation guidelines.

Step 2: Acquiring Baby AGI Files

Through your terminal (Mac/Linux) or Command Prompt (Windows), input “git clone https://github.com/yoheinakajima/babyagi.git” and press Enter. This directive triggers the download of imperative Baby AGI components from the designated GitHub repository.

Step 3: Package Installation

Within the downloaded directory, execute “pip install -r requirements.txt” in the terminal or Command Prompt. This single command orchestrates the installation of essential packages, forming the bedrock of Baby AGI’s operational architecture.

Step 4: Configuration Precision

Upon successful package installation, locate and rename the “.env.example” file to “.env”. This configuration file is instrumental in establishing the operational context for Baby AGI.

Step 5: Enabling API Integration

Edit the renamed “.env” file using a text editor to input your OpenAI and Pinecone API keys. These keys imbue Baby AGI with the prowess to interact with external services, accentuating its capabilities.

Step 6: Igniting Baby AGI

Within your terminal or Command Prompt, input “python babyagi.py” and hit Enter. This catalyst sets Baby AGI in motion, ushering in its active presence and potential for interaction.

Step 7: Catalyzing Interaction

Elevate Baby AGI’s prowess by offering input that encapsulates your AI agent’s designation, the focal domain, and the inaugural task you seek to delegate. This framework defines its mission, enabling adept execution guided by your specifications.

A Glimpse of Baby AGI in Action

Illustrating Baby AGI’s potential, envision a scenario where it functions as a cyber insurance underwriter, identifying vulnerabilities primed for cyber insurance claims. Tasked with grasping cyber insurance nuances and dissecting potential linked.com issues, Baby AGI exemplifies task automation at its zenith.

Navigating Current Usage and Future Trajectories

Though yet to infiltrate commercial applications, Baby AGI captivates researchers and pioneers. Yohei Nakajima’s Baby AGI project harnesses machine learning and reinforcement learning, mirroring human growth patterns. Foreseeing the dawn of advanced educational tools and more sophisticated chatbots, the path forward entails overcoming challenges of safety and ethics.

Concluding Remark

Baby AGI crystallizes the zenith of AI evolution, steering us towards the realization of AI agents mirroring human cognition. Pioneering the realm of task automation, this nascent marvel harbors potent potential. Though in its infancy, Baby AGI pledges to empower and reshape the landscape of productivity.

(Disclaimer: The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of Forbes.)

Continue Reading

Guides

What is Wrapped?

Published

on

By

red and white gift box with ribbon bow

Wrapped is a term used in the cryptocurrency industry to refer to a digital asset that represents another asset or currency on a different blockchain. This allows users to trade or use assets on one blockchain, while still retaining the value of the asset on its original blockchain.

For example, the Wrapped Bitcoin (WBTC) is an ERC-20 token that represents Bitcoin (BTC) on the Ethereum blockchain. When a user wraps their BTC into WBTC, they receive an equivalent amount of WBTC on the Ethereum blockchain. This allows them to use BTC in Ethereum-based decentralized applications (dapps) or trade BTC on Ethereum-based decentralized exchanges (DEXs) without needing to transfer the actual BTC to the Ethereum blockchain.

The process of wrapping an asset involves locking the original asset on its blockchain and minting an equivalent amount of the wrapped asset on another blockchain. The wrapped asset is then pegged to the original asset’s value, usually through the use of a smart contract. When a user wants to redeem their wrapped asset for the original asset, the wrapped asset is burned, and the original asset is released back to the user.

Wrapped assets are useful because they allow for interoperability between different blockchains and can increase liquidity and trading volumes for certain assets. They can also enable new use cases for assets that were previously restricted to a specific blockchain.

In addition to WBTC, there are many other wrapped assets, including Wrapped Ether (WETH), Wrapped Litecoin (WLTC), and many others.

Continue Reading

Guides

What is Wash Trading?

Published

on

By

Free person in washing machine

Wash trading is a practice that involves buying and selling a cryptocurrency asset for the purpose of creating the impression of greater market activity and trading volume than actually exists. It involves a trader simultaneously buying and selling the same asset to manipulate the price and create a false sense of demand and liquidity.

In the context of cryptocurrencies, wash trading is a fraudulent activity that can deceive investors and traders into thinking that a particular asset is more popular and valuable than it really is. This can lead to an artificial price increase, which can be exploited by the traders involved in the wash trading scheme.

Wash trading is typically used by unscrupulous traders and market manipulators who want to artificially inflate trading volumes or prices to attract other investors or traders to buy the asset. It is also sometimes used to manipulate prices to trigger stop-loss orders or liquidations, which can cause panic selling and create opportunities for the wash traders to profit.

Wash trading is illegal in traditional financial markets, and many jurisdictions have laws against it. In the crypto industry, some exchanges and regulators have taken steps to crack down on wash trading, including implementing monitoring tools to detect and prevent it.

Investors and traders should be cautious of assets with unusually high trading volumes, as they may be subject to wash trading. It’s important to do your own research and use reliable sources of information before investing in any cryptocurrency.

Continue Reading
Advertisement e here
Advertisement
Advertisement

Trending

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.