What do you think you will become? Do you wonder where your life takes you, living your dreams while making more money even without doing anything at all?
This is what this multi-level marketing company promotes. It is one of the existing companies focusing on personal development programs as products to market and sell.
If this is the right company for you, then, you are on the right page. Before we’ll go through the details, let me first remind you that more MLM members lose money than they invest. We’ll tell you why in a while.
Are you ready? Let’s dive into it. Shall we?
IM Mastery Academy Review - Quick Summary
Name: IM Mastery Academy
Founded: 2013
Founders: Christopher Terry & Isis de la Torre
Type: Multi-Level Marketing Company
Price: $225 to $325
Best for: Nobody.
Summary: IM Mastery Academy is a multi-level marketing company founded in 2013 that provides different programs about personal development, at the same time, a platform for crypto enthusiasts. Its founder, Christopher Terry, rebranded the former iMarketslive after the company restructured due to legal reasons.
Is IM Mastery Academy Recommended? No. Albeit its attractive products, it is not worth spending time and effort in this company. If you want to make a lucrative source of income, click the green button below.
I and many of my friends have used Binance crypto exchange and in this article, I am going to share everything you need to know.
I am going to tell you openly all the benefits of Binance but I will also share you a few words of warning that you should keep in mind before getting started.
Summary: Binance is a reliable crypto exchange and for that reason so many people are recommending it. The biggest benefits of Binance are also low transaction fees and availability of different coins.
You can buy many coins on Binance that aren’t available on exchanges like Coinbase, Kraken, Bitfinex or Bittrex. It’s also fast to get started on Binance which is clearly a benefit.
Is Binance Recommended? Yes. Binance is my #1 recommended cryptocurrency exchange.
Note: If you are a complete beginner with cryptocurrencies and haven't bought Bitcoin yet, you can get started with Coinbase and claim your $10 sign-up bonus. That's because Binance doesn't support fiat currencies at the moment.
Binance Exchange Tutorial
I decided to record an updated video to walk you through on how you can get started on Binance. It's as easy as 1-2-3.
Is Binance Safe And Secure Or a Scam? – Video Review
Before you run into the article, I want to offer you an opportunity to have a look at my Binance video review on YouTube.
You can always ask me questions in the comments below and share your own experiences as well. I am more than happy to help you out as always!
What Is Binance?
Binance is one of the most popular cryptocurrency exchange platforms in the world. Their name comes from words “Binary” and “Finance”. It’s originally a Chinese company but now they are operating the business from Japan which is one of the cryptocurrency friendliest countries.
Binance has also their own cryptocurrency which is called Binance Coin (BNB).
Recently it has greatly grown in value and the market cap of the Binance coin has been even over $2 billion. Notice that you don’t need to buy Binance coin at all in order to start trading on their platform. But of course, it can be a potential investment for the future as well.
The price of Binance coin raised from less than $1 per coin to over $20 per coin during 2017.
How to Get Started on Binance?
Creating an account on Binance takes probably less than 10 seconds. You just need to give your email and a password. You can create an account simply by going to Binance.com and click “Register” in the upper right corner.
Before you start trading you need to set up 2-factor authenticator. You are probably familiar with this if you have used other crypto exchanges. The most common one is probably Google Authenticator.
Another option is SMS authentication. So, when you want to log in, you get a short code to your phone that enables you to log in.That makes it almost impossible for hackers to get your account.
Once you have set up the 2-factor authentication, you can start trading and your daily withdrawal limit is set up to 2 BTC. It’s probably enough for most people but you can also get a higher withdrawal limit if you want.
It requires that you send them your ID and wait for the verification. Then your withdrawal limit is 100 BTC per day. If you want to have even higher limit, you must contact them directly.
Overall, getting started with Binance is much easier than in most other crypto exchanges. You don’t need to go through a frustrating 10-step verification process but you can get started within just a few minutes.
Binance 2-Factor Authentication
I am using Google Authenticator for 2-factor authentication on Binance. (adds security)
My personal tip to you is that keep good care of your password and 2-factor authentication. You can recover your password usually easily just by taking an email. However, recovering the 2-factor authentication isn’t always that easy.
You would need to contact their support, explain the situation and so on. The easiest way to avoid the hassle is just to keep good care of your phone (or wherever you keep your 2-factor authentication code).
I am saying this because some people were frustrated on forums and websites after losing their code and they couldn’t access their account right away. I want that you take a great care of your account details so this doesn’t happen to you. Then you can concentrate safely on making money.
Trading on Binance – User-Friendly Platform
You can start trading on Binance by clicking “Exchange” on the upper left corner. Then you will have two options, “Basic” and “Advanced”. You can use both of them based on your personal preferences.
The Basic mode is more simplistic while Advanced mode provides a few different feature and the interface is slightly different.
Don’t get confused with so many numbers scrolling on the screen. Just know what you are looking for and go for it. For example, if you want to trade Bitcoin to Cardano, just look for BTC/ADA and start trading. You don’t need to care about other currency pairs or numbers at that moment to keep it simple.
The Binance trading platform may look intimidating at first but it’s much easier than you think.
When you want to trade Ethereum to Ripple, just look for ETH/XRB. You click “ETH” in the upper right corner and you’ll immediately find ETH/XRB currency pair as well.
In the other words, the process is extremely simple when you know what to look for. If you don’t find your currency pair immediately, you can always use CTRL + F to search something specific on the screen. At least it has fastened my process to find the correct currency pairs.
Trading on Binance is as simple as 1-2-3.
Set which coins you want to trade. For example, BTC to LTC. (Bitcoin to Litecoin)
Set the price. (You can set this also automatically to the market price.
Set the amount. How many coins do you want to buy/sell?
At the moment, you can only trade with cryptocurrencies. You can’t make your deposit to Binance with fiat currencies (€/$/£) at least now. Maybe they’ll add that feature in the future.
So, what is the easiest way to start trading on Binance if you don’t have cryptocurrencies yet?
Create an account on Coinbase. (Probably the most popular Bitcoin exchange in the world)
Deposit $/£/€ to your account.
Buy Bitcoin or Ethereum.
Trade Bitcoin or Ethereum from your Coinbase account to your Binance account.
Start trading on Binance.
I know that for the first time to process may feel complicated. At least it felt a bit complex for me for the first time. But once I got familiar with how it works, there isn’t any problem. The key is just to start and take your first step. Then everything becomes more easier.
Binance.com Fees
Within any trading platform there are some kind of fees. Companies don’t usually set up crypto exchanges just for the charity!
However, trading fees on Binance are very low if you compare them to other crypto exchanges. At the moment, they charge only 0,1% fee for each trade.
So, if you trade, for example, $1,000 binance charges a $1 fee. On some other exchanges you would need to pay even tens of dollars for trading $1,000.
In addition, you can lower your fee by 50% if you are using their Binance coin (BNB) for the trading fees. Then your fee will be as low as 0,05% per trade. I haven’t seen so low fees anywhere in this industry before (at least when we are talking about big and reliable sites).
Binance takes only 0,050% fee per trade!
Binance Coin Review – Is Binance Coin (BNB) Worth Buying?
Binance has their own cryptocurrency called Binance Coin. It will give you benefits like lower fees if you are using their exchange.
In addition, you can use it as an investment vehicle to make profits. In the video below, I explain everything you need to know about the Binance Coin and how will it help you to save and earn money.
What Coins Have I Bought on Binance?
So far I have bought Tron, Cardano, IOTA and Binance coin on Binance. Based on my research, all of those projects have potential to go up in value in the future. As you probably know, I have studied various different cryptocurrencies for hundreds of hours and I am using most of my time on studying them still.
I write regularly cryptocurrency reviews and videos where I share my opinion on each coin. As always, I give my honest opinions and with some coins I have needed to say that they aren’t worth of my time and money. But those 4 that I mentioned above are interesting projects and I have invested in them.
If you have requests or questions about specific coins, you can always ask me know in the comments below. I will give you either or a short answer or (most likely) I will write a whole article and create a video for you as well. My goal is to provide the best answers for you and other readers about cryptocurrencies and that’s why I’m doing it full-time at the moment.
Binance Referral Program
You may have seen many people many people posting their Binance referral links all over the social media. It’s because Binance has a referral program that allows their members to earn some rewards for inviting new people to the exchange.
You can read the details of Binance affiliate program/referral program in the picture below:
In the other words, you can earn 20% commission just by sharing your link. If somebody pays, for example, $1,000 trading fees during his lifetime on Binance, you earn $200 from that referral. If you refer 10 friends like that, you have earned $2,000.
100 friends who spent who pay $1,000 fees and you make $20,000 in commissions. So, you can imagine that some people are making already a full-time income just by promoting Binance and other cryptocurrency platforms.
NOTE: Top-earners in the Binance affiliate program have already made more than 170 BTC which equals to more than $1,700,000.
That being said, I know as an experienced affiliate marketer that for getting referrals isn’t so easy for newbies. I highly recommend that you don’t spam your referral links to everywhere in social groups. It would just give you a bad reputation as a spammer and doesn’t even bring almost any referrals.
If you want to learn how to make big money with Binance referral program or any other affiliate program in the world, I highly recommend taking a look at this step-by-step training.
Conclusion – Is Binance Legit?
Yes, Binance is a reliable crypto exchange that has a positive reputation among the cryptocurrency experts. I also use it myself for buying cryptocurrencies that I can’t buy from other exchanges like Coinbase. I have also several friends who have used Binance and they never had any problems with the platform.
In my opinion, the greatest benefits are fast transactions, low fees and availability of various coins. Would you like to try it out yourself? It’s easy and takes only 10 seconds to create an account.
Are you looking for the best cryptocurrency exchange sites? I have tried personally more than 10 cryptocurrency exchanges and I have invested in cryptocurrencies since 2015.
I decided to create you a very comprehensive analysis of the best cryptocurrency exchange platforms to provide you the best information. I am going to present you 13 different sites and give you a word of warning of sites that you shouldn't use.
I have written comprehensive +1,500-word reviews of each of these sites and uploaded videos on YouTube as well to provide you even more information. I am 100% sure that you will find what you are looking for here.
Without further ado, let me show you the best cryptocurrency exchange platforms!
13 Best Cryptocurrency Exchange Platforms - Quick Summary
1.Coinbase
2.Binance
3.Changelly
4.Gate.io
5.Cryptopia
6.Coinmama
7.Kucoin
8.Kraken
9.Bitfinex
10.Gemini
11.SafeCrypt
12.LocalBitcoin
13.Bittrex
(Exchanges are not in an order from the best to the worst.)
Best for Complete Beginners: Coinbase (They provide also a $10 sign up bonus)
#1 Recommended Crypto Exchange: Binance (The biggest crypto exchange in the world)
Cryptocurrency exchange is a place where you can buy, sell and trade cryptocurrencies with other people. On some exchanges you can buy cryptocurrencies using fiat currencies like euro, dollar or pound while other support trading solely for cryptocurrencies.
Technically, cryptocurrency exchanges also serve as banks because you can store money there as well. However, it contains some risks that I will explain you in the end of this article.
The price of the cryptocurrency on each exchange is defined on based on the demand and supply. If people are, for example, willing to sell a Bitcoin for $10,000 per each coin, then the price is $10,000.
On bigger exchanges the price is usually better prices so that's one reason to go there. In addition, the fees tend to be smallest in the biggest exchanges as well.
1.Coinbase
Coinbase Homepage
Coinbase is probably the most famous and certainly one of the most influential cryptocurrency exchanges in the world. One (but not the only one) of the reasons for Coinbase's success is their referral program.
Everybody who joins Coinbase through a referral link gets immediately a $10 sign up bonus for the first $100 deposit. In addition, the person who invited you to Coinbase, gets also free $10.
You can also get a $10 bonus through my link. At the same time you support my blog because I get a $1o bonus for inviting you to Coinbase.
I have invited around 15 friends to Coinbase. I and my friends, all of us, had positive experiences of Coinbase. I haven't heard of anything negative when I have discussed about Coinbase with my friends.
The only downside are relatively high fees. However, I don't mind paying a little bit extra if I know that the service is reliable.
Pros & Cons of Coinbase
Pros:
More than $50 billion exchanged and +10M customers served on Coinbase (April 2018).
Binance is my #1 recommended cryptocurrency exchange. (Click the picture to try it out yourself.)
Binance is a real success story. They suddenly became the biggest crypto exchange in the world. Nobody would have expected such a fast rise from a new Chinese company. Nowadays they are considered as one of the most reliable and strongest players in the crypto world.
The Binance CEO has been active on media, he has been on the cover of the Forbes magazine and he has given numerous interviews.
One of the great benefits of Binance is that it's very easy to get started on their platform. You don't need to send them passports, bank statements or other documents for the verification. The same applies to Kucoin which is the next one that I am going to show you.
Pros & Cons of Binance
Pros:
The biggest cryptocurrency exchange in the world by the trading volume (High liquidity).
They support trading for numerous different cryptocurrencies.
The company is very transparent. The CEO offers interviews regularly.
Lowest fees in the industry (only 0,05% per trade).
Cons:
The company is still relatively new even though it's the biggest crypto exchange in the world.
Changelly Homepage. (Tap the Picture to Get Started.)
Changelly exchange gets its name from two words: Change Instantly.
That's also the idea on what kind of experience Changelly wants to provide for you as their user. They provide you an opportunity to exchange almost any crytpocurrencies instantly.
Changelly has a reputation as one of the easiest and the beginner-friendliest cryptocurrency exchange platforms in the whole industry. You can buy more then 60 different cryptocurrencies easily by using your credit card.
I don't know any other exchange where you would have currently similar features like on Changelly even though I have tried numerous different exchanges.
Pros & Cons of Changelly
Pros:
They support trading for tens of different cryptocurrencies.
You can buy numerous cryptocurrencies easily using your credit card.
Changelly is a beginner-friendly and easy-to-use exchange.
On Gate.io you can exchange more than 250 cryptocurrency pairs.
Gate.io is another cryptocurrency exchange that supports trading for numerous cryptocurrencies with low fees.
I started on Gate.io after Lympo ICO. Back then Lympo wasn't available on almost any other exchanges so I needed to create an account on Gate.io. I wanted to sell some of my earnings that I made by participating the ICO.
I quickly realized that Gate.io was a great cryptocurrency exchange. Their platform was user-friendly and I was able to exchange my LYM tokens easily. I deposited LYM tokens to Gate.io, exchanged them into BTC and withdrew my BTC away from Gate.io. That was simple and fast.
Since then I have noticed that many other people have also had positive experiences of Gate.io and that's why I can recommend it to you as well.
Pros & Cons of Gate.io
Pros:
Gate.io supports trading for hundreds of cryptocurrencies (Even for smaller ones like LYM).
Their platform is easy-to-use. I got started without watching a single tutorial.
It is a fast-growing and a reliable exchange.
Cons:
Fees are a bit higher than on Binance even though they are still competitive on Gate.io.
Cryptopia Homepage. (Click the Image Above to Get Started.)
Cryptopia is probably one of the most controversial cryptocurrency exchanges on this list. It's based in New Zealand and founded in 2014.
The biggest benefits of Cryptopia is that they provide trading for hundreds of different cryptocurrencies.
I have personally bought Luxcoin on their exchange which isn't available on bigger exchanges like Binance. I never had any problems with Cryptopia but I must admit that I have read a few negative reviews on the Internet.
Pros & Cons of Cryptopia:
Pros:
Competitive fees
Provides trading for hundreds of different cryptocurrencies (even the rare ones like Luxcoin)
Easy-to-use platform
New Zealand based company
Additional features like a forum and a marketplace
Cons:
Not very big exchange (lower liquidity than on bigger exchanges)
Lots of negative reviews on the Internet
Withdrawal fees are a bit higher compared to cheap exchanges
Coinmama is a safe way to buy Bitcoin and Ethereum. (You can click the picture to try it out yourself.)
Coinmama is quite similar cryptocurrency exchange compared to Coinbase and Gemini. They provide trading and buying for Bitcoin and Ethereum but not for other cryptocurrencies. In addition, it seems to be targeted mainly to the US audience who want just an easy way to get started with cryptocurrencies.
In the other words, if you are looking for an opportunity to make big gains with small cap coins, Coinmama isn't enough for you. You can of course buy Bitcoin on Coinmama and transfer it to another exchange where small cap coins are available.
Surprisingly, Coinmama is one of the oldest exchanges in our list because it has been founded already back in 2013. Coinmama is also recommended by some big cryptocurrency influencers who have even more than 100k subscribers on YouTube.
Pros & Cons of Coinmama
Pros:
Coinmama is available in 188 countries.
The company has operated already more than 5 years since 2013.
Competitive fees (even though for credit card purchases they are a bit higher).
Recommended by big cryptocurrency influencers.
Cons:
It doesn't support other cryptocurrencies than Bitcoin and Ethereum.
Kucoin trading platform is fast, simple and easy-to-use.
If Binance was a success story, so was Kucoin as well. It grew extremely fast and has quickly become one of the leading exchanges in the cryptocurrency world. Their exchange works in a similar way like Binance and it is also owned by Chinese people.
I started on Kucoin when I wanted to buy more rare alt coins that weren't yet available on the biggest exchanges like Binance. I quickly found out that Kucoin was much better than I had expected.
Their platform and business model is very similar to Binance.
Kucoin has several promotions regularly and they try to grow aggressively.
Support trading for a huge number of cryptocurrencies.
Easy-to-use and beginner-friendly.
Cons:
Slightly higher fees than on Binance.
They don't have a referral program anymore. I think this will affect its success partially. Companies that concentrate on their affiliate programs tend to grow faster.
Take a look at my Kucoin Video Review below:
8.Kraken
Kraken homepage is very simplistic.
When I started with cryptocurrencies in 2015, my friend introduced me to Coinbase and Kraken. I continued using Kraken a lot and for a long time I held almost all of my crypto funds there.
I need to admit afterwards that it wasn't wise to hold everything in an exchange but I hadn't studied things in detail back then. Now I have allocated my funds into numerous places and to a hardware wallet to minimize the risk.
Once in 2016 I forgot my password to Kraken and I panicked, "Have I lost all my funds now? Is there any way to recover them?" If I would have been holding my funds in a bad cryptocurrency exchange like Poloniex, I would have probably lost all the money that I had there (and we are not talking about cents.)
Fortunately, Kraken support provided me a way to get my funds back again.
At some stages, Kraken exchange was extremely slow and it took like 15 minutes to just to make a single trade. However, they had a huge update in January 2018 which fixed the problems. Since then their website has worked well and I can also recommend it to you.
Pros & Cons of Kraken
Pros:
The biggest Bitcoin-Euro-Bitcoin crypto exchange.
Responsive support team that has answered all my questions over the years.
They support also trading with fiat currencies (euro, dollar).
Their website and platform was significantly improved at the beginning of 2018.
Cons:
Kraken doesn't provide charts, only the numbers for trading which may make it a bit challenging.
Kraken doesn't have a referral/affiliate program which has been probably holding back their potential growth.
9.Bitfinex
Bitfinex is one of the oldest cryptocurrency exchanges because it has operated since 2012.
Bitfinex is one of the biggest and oldest cryptocurrency exchanges in the world. It was founded already 6 years ago back in 2012.
They have had some challenges along the way because there was a huge hack back in 2016. Lots of funds were stolen from Bitfinex. But the company recovered well from the hack and returned all the funds for their users. They didn't return potential losses or profits but all the money that were stolen in dollars.
I tried to get started on Bitfinex at the end of 2017. However, after a half a year later I am still waiting for the verification process to be finished. I have submitted all the documents to their platform and followed all the instructions.
But nothing happens. They say that normally verification takes like 6-8 weeks but for me it has taken already ~6 months.
Another thing that has annoyed small traders is that Bitfinex has often certain limits that you need to deposit at least $10,000 or something similar to get stated.
For those reasons (primarily the fact that you can't get verified and start trading) Bitfinex isn't fully recommended at the moment. It was once one of the best exchanges but, in my opinion, their quality has significantly gone down.
Pros & Cons of Bitfinex
Pros:
One of the oldest crypto exchanges
Big exchange => High liquidity
Deposits are also possible with fiat currencies (Euro, dollar, etc.)
Cons:
Bitfinex was hacked twice
The verification process seems to take more than 6 months
Gemini is probably the most well-known for its founders, Cameron and Tyler Winklevoss.
They are the guys who first became famous for suing Mark Zuckerberg for stealing their idea with Facebook. Afterwards, they have competed in the Olympic games and became even more famous by starting to invest in Bitcoin in the early stages.
Since then they have become Bitcoin billionaires because of the huge price growth of Bitcoin. Many news channels and TV hosts have interviewed them in their shows.
Winklevoss twins have decided to create a Bitcoin exchange where you can buy, sell and exchange Bitcoin and Ethereum. Gemini doesn't yet support other cryptocurrencies.
It seems that the goal of Gemini is to provide an easy way for the US people to buy Bitcoin or Ethereum. The daily trading volume of Gemini is surprisingly good so they can also offer a competitive price.
That being said, Gemini isn't my #1 recommendation because they only provide 2 cryptocurrencies at the moment.
Pros & Cons of Gemini
Pros:
Gemini has a good reputation as a reliable cryptocurrency exchange.
Low trading fee between Bitcoin and Ethereum (0,2%).
Possible to buy Bitcoin and Ethereum with your credit card.
I took this screenshot while SafeCrypt ICO. (Click the picture to read my full review of SafeCrypt.
SafeCrypt is one of the most promising cryptocurrency exchanges for the future. Their exchange is "bullet-proof" by nature because of the technology that they use.
I wanted to include this to the list as one of the rising opportunities. It also gives you an idea of cryptocurrency exchanges that provide their own coins/tokens that pay dividends for their holders.
Some other exchanges including Binance and Kucoin have their own cryptocurrency (Binance Coin and Kucoin Shares) that give benefits for token holders. You will earn a certain part of the company's revenue and on Binance you'll pay lower fees by holding BNB.
Kucoin Shares, Binance Coin and many other cryptocurrencies that are provided by exchanges have immensely grown in value. Therefore, early investors have received huge gains. SafeCrypt is still in the early stages but I believe that the early investors will make massive gains by investing in their coin. (Only my opinion, not an official investment advice.)
Pros & Cons of SafeCrypt
Pros:
SafeCrypt cryptocurrency has still a huge potential for growth in value because the project is relatively new.
They aim to solve a massive problem in the cryptocurrency exchange industry which is safety.
SafeCrypt has a very experienced team in the cryptocurrency space. They are also responsive and constantly answer messages on Telegram.
Cons:
The exchange and the project has still some risks because it's in the early stages.
LocalBitcoins connects you with local buyers/sellers and makes the trade securely.
Believe it or not but LocalBitcoins is almost the oldest company in our list of the best crypto exchanges. It was founded back in 2012 which is more than 6 years ago.
LocalBitcoins is a Finnish company that serves in 248 different countries all over the world. One of my best friends was working for a good while in this company and he said it's probably the best company where he has ever worked.
With LocalBitcoins you can find people who would locally exchange Bitcoins with you. So, you can meet somebody who is living nearby and exchange Bitcoins with him/her. It's something very unique because I haven't found similar features on other exchanges.
It's worth noting that LocalBitcoins has also been ranked among the best exchanges on BestBitcoinExchange.io.
Pros & Cons of LocalBitcoins
Pros:
This Finnish company is very reliable and they have been operating since 2012.
You can trade Bitcoins with local buyers/sellers in real life.
It has been ranked among the best Bitcoin exchanges for several years.
Cons:
Some complaints can be found online so you need to be careful when trading with people locally. Their customer support is working actively to fix all issues.
Bittrex is one of the major cryptocurrency exchanges. However, I haven't personally used it because their waiting times for the verification are often so long.In addition, Binance has lower fees and is superior compared to Bittrex in many other ways as well.
That being said, Bittrex is still a good crypto exchange because their trading fees are only 0,2% per trade and the liquidity is quite good as well.
Now because so many people have been rushing to the cryptocurrency world, the support of Bittrex hasn't always been able to handle the load. That's why they have occasionally closed the registration from new members.
My friend recently got started on Bittrex after a few weeks of waiting. Still, Binance provides lower fees, trading for a bigger number cryptocurrencies, faster verification process and other benefits.
That being said, Bittrex is still a reliable cryptocurrency exchange and they are providing value to the cryptocurrency industry. Their fees are competitive and smaller than on some other exchanges on this list. Bittrex is also the biggest exchange in the world for some individual cryptocurrencies.
Pros & Cons of Bittrex
Pros:
Reliable exchange from the US.
One of the biggest crypto exchange in the world (good liquidity).
I know that many people have been trading alt coins on Poloniex. It has been relatively popular but I think it's losing many customers for several reasons.
I have seen numerous negative reviews where people posted their bad experiences with Poloniex. Funds have been frozen or even disappeared in some instances.
In addition, everybody knows that it's pretty much impossible to reach Poloniex support. When I tried to register to Poloniex, I tried to submit my passport and bank statement 3 times but it didn't work.
Then it just gave an error. When I contacted Poloniex support, I didn't get any answer. In the other words, I was unable to register there at all.
I recommend avoiding Poloniex crypto exchange!
Actually, I was happy for that because I knew about their bad reputation. Since then many people have shared their negative experiences with Poloniex under my YouTube video. Some people have been in panic because they have mysteriously lost their money on Poloniex and the support didn't answer.
Here are 5 tips when searching for a great exchange:
Read customer reviews before starting.
Try it out with a small amount first.
Ask opinion from more experienced people. (You can always ask me anything in the comments below and I will be more than happy to help you out.)
Ask yourself, "How many people are already using this exchange? Has it operated for a long time?"
What kind of fees do they have? The lower, the better but still reliability is the #1 factor.
A Word of Warning Regarding Cryptocurrency Exchanges!
Even though these exchanges that I've listed above are reliable, you always need to remember that holding your cryptocurrencies in your own wallet is often considered to be safer. Crypto exchanges are like banks so you are giving your money to the bank so they hold them.
If somebody hacks the exchange or the company somehow goes to bankruptcy, your funds are in risk.
On the other hand, there are other risks when holding your funds in a paper- or in a hardware wallet. If you lose your private keys and the hardware wallet, you may be in trouble.
That's why I always recommend that you should allocate your cryptocurrencies in many different places.
I recommend that you should use hardware, mobile and paper wallets.
Andreas Antonopoulus, the most famous person in the cryptocurrency world says that he has never kept his money in an exchange for more than 15 minutes.
That may be a good strategy but you should also think how probable is it that a billion dollar crypto exchange would go down. I think that in sometimes the probability of losing your paper wallet is much bigger. If you think that you don't lose the paper, I recommend getting Trezor hardware wallet like I did.
They have the best liquidity because of the huge trading volume.
Lowest fees (only 0,05%)
Fast and easy to get started.
It's a reliable exchange.
Currently you can't buy cryptocurrencies on Binance with euros or dollars but it's very easy to transfer them from another exchange. I have created a simple tutorial for you on my comprehensive Binance review.
If you want to buy Bitcoin, Ethereum, Litecoin, Bitcoin Cash or just get some funds to get started on Binance, I recommend starting on Coinbase. They provide you a $10 bonus right away when you deposit your first $100.
In addition, you can buy cryptocurrencies on Coinbase easily buy using your credit card or bank account.
I hope you have found my research of the best cryptocurrencies helpful and valuable. Feel free to share this article on social media to other people as well.
Which crypto exchanges do you use?
What kind of experiences did you have
Let's discuss in the comments below! 🙂
If you have any questions regarding crypto exchanges, cryptocurrencies or making money online in general, ask me below and I'll be happy to help you out.
What is Gemini? Is Gemini Legit? How does Gemini work? What is the best cryptocurrency exchange?
If you have been looking for answers to any of these questions, you have come to the right place. In my Gemini exchange review, I am going to reveal everything you need to know about Gemini.
Gemini homepage is futuristic yet simple.
Gemini Exchange Review
Name: Gemini
Founded: 2015 by Twinklevoss twins
Type: Cryptocurrency Exchange Platform
Short Review: Gemini is a Bitcoin and Ethereum exchange but I don’t personally use it because there are better alternatives available. In addition, you can’t trade altcoins on Gemini.
I recommend buying your first Bitcoin/Ethereum on Coinbase ($10 bonus) or Changelly. Those are probably the most beginner-friendly platforms. If you want to exchange alt coins, my #1 recommendation is Binance which is the biggest cryptocurrency exchange in the world with low fees.
What Is Gemini?
If you have been following the cryptocurrency scene for a while, you must have heard of the Twinklevoss twins (Cameron and Tyler). They became famous already several years ago for suing Mark Zuckerberg claiming that he has stolen their business idea.
Since then Twinklevoss twins became probably the most famous investors in Bitcoin. They put lots of money early on Bitcoin because they saw its potential. Then they became millionaires because of the huge rise in the Bitcoin market price.
In 2015 Twinklevoss brothers decided to create a cryptocurrency exchange called Gemini. They probably saw another profitable business opportunity because the crypto exchanges have literally been “printing” money over the past years.
Their exchange seems to be mainly targeted to the US audience because they allow payments using USD but not EUR.
How Does Gemini Work?
Gemini is a pretty much cryptocurrency exchange like Coinmama. Both of them provide only Bitcoin and Ethereum but they still provide payments with bank transfer. In addition, both of them are primarily targeted to the US audience.
First, you naturally need to open an account and register on Gemini. Then fill out your profile by giving the personal details. Make a bank transfer to buy Bitcoin or Ethereum.
The process of buying Bitcoin or Ethereum should be quite easy because it’s basically the only purpose for this company: to provide trading for those two major cryptocurrencies.
How Big Is Gemini Exchange?
Gemini has around 50 employees. At the moment when I am writing this article (5/4/2018), Gemini is ranked 18. biggest cryptocurrency exchange in the world by the trading volume. (See the picture below)
Gemini is ranked 18th among the biggest cryptocurrency exchanges in the world.
As you can see, the daily trading volume is at the moment a bit less than $70 million. On Binance, which is the biggest cryptocurrency exchange in the world, the daily trading volume is around $1,8 billion.
Therefore, Gemini is far from being the biggest one. Still, it’s relatively big especially when we consider that they only provide Bitcoin and Ethereum.
The trading volume on Gate.io and Cryptopia, for example, is smaller than on Gemini even though they provide trading for hundreds of different cryptocurrencies. In my opinion, it really illustrates that the biggest masses are interested in Bitcoin and Ethereum instead of altcoins at the moment.
Gemini Support
Gemini has comprehensive FAQ (Frequently asked questions) page on their site. There you’ll find answers to most of your questions on using their exchange.
Alternatively, you can also contact their support by filling out the contact form on their website. In the next chapter, I will reveal what people are saying about Gemini support.
Gemini Reviews – What Are Other People Saying About It?
I always recommend taking a look at the reviews before you start using a cryptocurrency exchange or put your money into any other online service. Probably you already know this principle because you are reading my review right now 🙂
I read several other Gemini reviews to know what other people are saying. I found out that people are quite mixed feelings about Gemini exchange.
Gemini has received an average rating 2,7 stars out of 5 based on 74 reviews on CryptoCompare. In my opinion, it’s an OK rating considering that some bigger crypto exchanges have received even lower numbers. However, when I read Gemini reviews, I didn’t feel very excited to sign up on their site.
I found a few reviews saying that their account was locked and the support team didn’t answer requests.
That’s probabl
y the worst situation that you would want to have. However, I have read reviews on more than 10 different cryptocurrency exchanges and there is always somebody complaining about the same issue.
The same applies to all other websites where the money is involved. Always somebody complains that his money is locked and the support doesn’t help. Therefore, you need to take this kind of reviews always with a little bit of grain of salt.
Gemini vs Coinbase – Which One Is Better?
Coinbase is one of the biggest and the most popular crypto exchanges. They have served more than 10 million customers in more than 30 countries.
The company was launched already 3 years earlier than Gemini back in 2012. The founder Brian Armstrong has received also received lots of popularity on media.
One of the biggest benefits of Coinbase is that they’re very beginner-friendly and they enable payments also with PayPal or credit card.
The only drawback of Coinbase compared to Gemini is that they have a bit higher fees. However, Coinbase still offers a $10 sign up bonus which covers your fees if you are buying only a small amount. You can read my full Coinbase review here to learn more about their exchange and hear more about my experiences.
Gemini Exchange Fees
Gemini doesn’t have deposit or withdrawal fees. It means that you can put money into your Gemini account and take it away from there for free. Their trading fee is 0,25% which is relatively low compared to other cryptocurrency exchanges.
Gemini Exchange App
I noticed that many people on Google and Reddit were asking whether Gemini has a mobile app or not.
I checked out on Google Play Store and found out that there isn’t an app available for Android. The further “research” on their website revealed that they don’t have any mobile app.
The team still responded that their website is tablet/mobile-friendly which is supposed to compensate the absence of the app.
Conclusion – Is Gemini Legit?
Gemini is a legitimate website but there are complaints as well like we saw above. Personally, I would recommend using other websites for buying Bitcoin and Ethereum and trading cryptocurrencies.
If you are a beginner, I recommend starting with Coinbase. They offer a $10 sign up bonus and it’s very beginner-friendly. I have personally used Coinbase for around 3 years and everything has worked smoothly. I have mostly heard positive experiences from all my friends who have been using Coinbase as well.
Other great alternatives for getting started are Changelly and Kraken.
If you are looking a cryptocurrency exchange for trading, my #1 recommendation is Binance for several reasons. You can read more on my comprehensive Binance review. However, as I mentioned above, you can’t yet buy cryptocurrencies using USD or EUR on Binance so you first need to get them on Coinbase.
If you are just looking for ways to make money online, I recommend having a look at this step-by-step training by clicking the picture below. It has turned numerous people (including myself) from complete beginners into full-time online entrepreneurs.
The training will help you to make money with or without getting involved with cryptocurrencies.
Have you used Gemini?
What is your favorite cryptocurrency exchange platform? Binance, Coinbase, Changelly, Kraken or something else?
What is Cryptopia? Is Cryptopia Safe? Is Cryptopia a scam? How to use Cryptopia?
If you have been looking for answers to any of these questions, you have come to the right place. In my brutally honest Cryptopia review, I will answer all your questions about this cryptocurrency exchange. I will also share my own experiences when of using their platform.
I am sure you’ll find this article helpful and valuable. If you have any further questions after reading this article about Cryptopia or cryptocurrency exchanges, in general, feel free to leave them below and I will be more than happy to help you out.
Cryptopia Homepage. (Click the Image Above to Get Started.)
Founded: 2014 in New Zealand by Adam Clark and Rob Dawson
Type: Cryptocurrency Exchange Platform
Short Review: Cryptopia has operated already for +4 years and they have established their place well in the cryptocurrency space. Every single day cryptocurrencies worth of millions of dollars are exchanged on their platform and the number is growing. Personally, I have solely positive experiences of Cryptopia.
I also created a video to answer all your questions about Cryptopia. In the video, I also walk you through how you can easily start trading on this crypto exchange.
If you are interested in cryptocurrencies, don’t hesitate to subscribe to my YouTube channel where I share daily cryptocurrency videos, tips, advice, reviews and much more.
What Is Cryptopia?
Cryptopia is a cryptocurrency exchange that was founded in New Zealand by Adam Clark and Rob Dawson back in 2014. Since then it has grown fast like many other exchanges in the industry and now they have established their position in the top 50 crypto exchanges in the world.
In addition, they have probably the biggest availability for different cryptocurrencies. Personally, I don’t know other exchanges that would support as many coins as Cryptopia even though I have tried around 10 major exchanges.
3 Benefits of Cryptopia
Cryptopia has a few big benefits and in this section, I am going to show you 3 of them. Of course, there are also other benefits of using Cryptopia but I’ll just concentrate on these 3 to keep my article shorter.
1.A Huge Availability of Different Cryptocurrencies – OVER 500 DIFFERENT COINS!
Cryptopia supports hundreds of different cryptocurrencies. There are so many different ones that I don’t even close them all. Name any cryptocurrency and you will find it on Cryptopia for sure
Actually, the first time when I started using Cryptopia the reason was that I couldn’t find a specific cryptocurrency on any other exchange. I found it on Cryptopia, I registered there and bought that easily on their exchange.
You can trade hundreds of different cryptocurrencies on Cryptopia.
2.Cryptopia Is a Reliable New Zealand Based Company
I know that there have been some cryptocurrency exchange scams in the past. However, Cryptopia is certainly not one of them. They are a legitimate company that was founded already back in 2014 so they have operated for several years.
During 4 years they have served numerous clients including myself. I had solely positive experiences of Cryptopia.
3.Additional Features Like Marketplace, Forum, Etc.
Cryptopia is not only a cryptocurrency exchange but they have also various additional features on their website. One of them is a marketplace where you can buy and sell different kinds of products.
In the marketplace, there are categories like:
Cryptocurrencies
Loans
Books
Automotives
Computers
Collectables & Art
Etc.
Cryptopia Marketplace
Cryptopia has also an active forum where you can connect with tens of thousands of cryptocurrency investors and enthusiasts from all over the world. You can see in the image below that even though the forum is huge, it’s well-organized under different sections and topics.
Cryptopia provides an active forum that connects tens of thousands of cryptocurrency enthusiasts and professionals from all over the world.
How to Use Cryptopia?
Cryptoia works in a similar way like any other cryptocurrency exchange. You can easily make deposits using other cryptocurrencies.
Here are simple step-by-step instructions. If you need any further help, you can, of course, ask me in the comments below and I’ll be happy to help you out.
Go to your “Account” in the top right corner of the site.
Click “Balances” on the left side.
Search for your desired cryptocurrency.
Click “Deposit”.
Deposit funds to your Cryptopia wallet.
Start trading!
You just need to follow these simple step-by-step instructions. Actually, when I started on Cryptopia, I didn’t even need to search for any tutorials because it works in a similar way like almost all crypto exchanges that I have used.
Cryptopia Fees – Trading Fees Are Low, Withdrawal Fee a Bit Higher
Cryptopia trading fees are as low as on Gate.io but not as low as on Binance. It means that your fee for trading crypto-crypto pairs is only 0,20%. If you sell/buy some cryptocurrency worth of $100, you’ll only pay $0,20 in fees. If you exchange for $1,000, you’ll pay only a $2 fee.
In the other words, the trading fees are quite low on Cryptopia.
However, they have received some criticism because of their withdrawal fees. In general, their withdrawal fees are a bit higher compared to other exchanges. If you are withdrawing big amounts, a withdrawal fee doesn’t make a big percentage but if you are withdrawing small amounts, that may make quite a significant percentage of the whole transaction.
Fees are one reason why I am a long-term investor instead of a short-term trader. If you are trading and transferring your funds on a consistent basis, you may end up paying a huge amount of fees in the long run. As a holder, your fees won’t be so big overall.
Cryptopia Support
There are a few different ways to get in touch with Cryptopia support:
Read their FAQ / Support page to find answers to your questions.
Contact them through email.
Cryptopia Twitter page.
Cryptopia Facebook page.
On Cryptopia forum.
Cryptopia has also an active Facebook page with more than 38,000 followers. You can send them a message and they reply typically within a few hours.
Cryptopia Reviews
When writing my own reviews on YourOnlineRevenue.com I always have a look at what other people are saying about the company. I also do my own research before I even try any cryptocurrency exchange. That’s why I can always avoid scams and stay safe in the online world.
Therefore, I also took a look at Cryptopia reviews as well. Many people say that it’s a completely legitimate cryptocurrency exchange. Take a look at the example below:
Sheepshearer7 had positive experiences during 8 months when he had been using Cryptopia.
Of course, there are also some negative reviews of Cryptopia. I noticed that the most complaints were there because of the challenges with the customer support. Sometimes it responded slower than the clients would have wanted.
One of my best friends has worked in a major cryptocurrency exchange and he explained me the reason why may be many negative reviews sometimes. When a client is frustrated, he goes and writes negative reviews saying, “Scam! Scam! Scam!” Then after a little while, the issue gets resolved but the client forgets to remove it from the Internet.
That’s how most negative reviews appear on the Internet. I have noticed that there are negative reviews of all cryptocurrency exchanges because of that reason. Even one of the biggest cryptocurrency exchange in the world, Coinbase, has average ratings of 1,1 out of 5 for that reason.
Conclusion – Is Cryptopia a Scam Or Legit?
Cryptopia is a legitimate New Zealand based company that has been operating in the cryptocurrency space already for more than 4 years. They have now established their place in the cryptocurrency world and daily trading volume is usually over $15 million.
In my opinion, Cryptopia works the best for buying more rare cryptocurrencies that you can’t find on the major exchanges. My #1 recommended cryptocurrency exchange is Binance that is also the biggest exchange in the world by trading volume.
However, you can’t find all rare altcoins on Binance. That’s where Cryptopia comes to the picture. Another drawback with Binance has been that you couldn’t use fiat currencies (euro, dollar, pound, etc.) on their exchange. Recently, I heard an announcement that also Fiats would be available on Binance. But before that, you can always use Coinbase which also provides $10 sign up bonus for new members.
Personally, I have had solely positive experiences of using Cryptopia. It was easy to deposit funds and buy my desired cryptocurrency on their exchange platform.
If you have been looking for a comprehensive SafeCrypt ICO Review, you have come to the right place! In this article, I will be reviewing this interesting cryptocurrency.
I will answer all your questions and eventually evaluate the question, “Is SafeCrypt (SFC) a Good Investment?” I am 100% sure that you will find this review helpful and valuable.
SafeCrypt Presale and ICO Are Going on Now in 2018. You Can Click the Image to Participate And Get Bonuses.
SafeCrypt Review
Name: SafeCrypt
Website: www.SafeCrypt.com
Project Started: Early Developments in 2016. ICO in 2018.
Type: Cryptocurrency Exchange Platform
Short Review: SafeCrypt is one of the most promising ICOs that I have seen for a while. They are entering the market that has a potential to provide huge profits. I have invested in their ICO and I keep on following with the excitement how big profits this will generate.
That being said, I always want to remind that investing in cryptocurrencies involves risk. If you don’t want to take any risks, just follow my #1 recommendation for making money online.
SafeCrypt ICO Review – Video Version
In order to give you a more comprehensive picture of the SafeCrypt ICO, I also created a YouTube video where I explain the key details. You can take a look at it below and I am sure you will find it helpful.
What Is SafeCrypt?
SafeCrypt is building a cryptocurrency exchange that is aiming to solve a huge challenge in the industry: Safety.
Cryptocurrency exchanges are one of the fastest growing industries in the world right now. The cryptocurrency market capitalization has grown dramatically and so many new people have been flowing in which has made also huge profits for crypto exchanges.
Millionaire Mike Novogratz said, “Cryptocurrency exchanges are literally printing money. It’s so profitable business.”
However, all crypto exchanges haven’t been so safe and there have been numerous hacks over the years. Almost all of the SafeCrypt members have lost their money because of the hacks in the exchanges. One of their programmers has actually lost 125.7 BTC when the MT.Gox was hacked in 2014. Nowadays it would be worth more than $1 million.
I, personally, have been lucky because my funds have never been stolen but I have friends who have lost money when their money was in the exchanges.
SafeCrypt wants to provide the best solution for this safety problem. If it will even partially succeed, this will make huge profits for early investors.
5 Benefits of SafeCrypt
Almost Immediate Transactions. It takes only 24 seconds to receive the desired crypto assets.
Large selection of crypto assets. At the moment, there are 44 cryptocurrencies available but the number will grow into hundreds in the near future.
Risk-free cryptocurrency exchange. SafeCrypt is fail-safe by design. Investors have control over their own assets.
Absolute anonymity for users. They use Cascade data encrypting which ensures the highest security possible.
User-Friendly Design. They provide easy-to-use multifunctional user platform.
How Does SafeCrypt Work?
The picture below is taken from their whitepaper and it explains how the exchange is going to work. I know that it can feel a bit technical and overwhelming. That’s why I recommend taking a closer look at their whitepaper.
SafeCrypt Pre-Sale/ICO And Token Distribution
SafeCrypt public pre-sale has started today 26.3.2018 and I have invested there right away. Early investors receive nice bonuses for this ICO.
Sometimes people overlook the significance of ICO bonuses. Let’s say for example that you invest $2,000 in the SafeCrypt ICO and get 10% bonus. That’s $200 right away for free. Even if the token wouldn’t make any gains when it hits the exchange, you have still earned $200.
Actually, SafeCrypt provides even better bonuses than 10% for early investors. Read more details on their website and join their Telegram group.
If you invest in a “group”, you can get even 50% bonuses. You don’t need to know those people personally in order to participate in a group. You just put the same code that they put and you receive the bonuses. I found a group of Telegram and received 45% bonus during the pre-sale.
“A maximum of ~1075m SFC will be publicly available for purchase.”
As you can see in the screenshot above that’s taken from their whitepaper, you can participate in the ICO using 44 different cryptocurrencies. When their exchange will be eventually built, there will be even hundreds of available cryptocurrencies but 44 is already a great start.
In the picture below, you will find the token distribution of SFC tokens:
SafecCypt Token Distribution.
Most of the tokens (70%) are issued during the pre-sale and crowdsale phases. Some of the tokens will be later bought back to the company providing profits for the investors. I will explain this buyback program more in detail further in this article.
SafeCrypt Roadmap
The SafCcrypt project has started already in 2016. You can find all the details on their website and whitepaper. That’s also the first time when they received funding for their project and formed the core team.
The problem in the market was obvious already back then. Cryptocurrency exchanges were hacked sometimes and users lost some money. That’s why SafeCrypt wanted to provide a better solution, a safe crypto exchange, for that problem.
In the picture below you can see what is coming in the near future (Q2 2018, 2019 and onwards) in the SafeCrypt project:
SafeCrypt Roadmap for the Near Future.
As you can see in the picture, many events will be happening soon with their project. At the moment, we are still at the end of Q2 2018 and their pre-sale of tokens has started.
Those who invest early in great projects make the biggest profits. When big masses have invested, it’s impossible to make huge profits anymore. Let me explain more in the next chapter.
Is SafeCrypt (SFC) a Good Investment?
As I explained above, cryptocurrency exchanges have been extremely profitable businesses recently. They haven’t been only profitable for the founders but also for those who have invested in them.
Have you heard, for example, of two major cryptocurrency exchanges called Binance and Kucoin? Both of them are relatively new companies but they have grown extremely fast.
In addition, they have issued tokens that play a function within their exchange. If the exchange does well, token holders benefit. Those tokens can be exchanged like any other cryptocurrencies. Let me just show you what kind of profits Kucoin Shares and Binance Coin holders received in 2017.
Binance Coin literally exploded. 200 times gain in 5 months in 2017.
The price of Kucoin Shares went from $0,60 to more than $20 in 2 months. That’s +33X profits!
Can you imagine what kind of gains those crypto tokens made in just a few months? If you would have invested in Bankera coin just a measly $1,000, you would be $200,000 richer now (supposed that you sold them in dollars).
Imagine if SafeCrypt makes even a little bit similar gains like Kucoin and Binance tokens? Even though they wouldn’t achieve similar success stories like Kucoin and Binance, they still have a huge potential to grow. Big profits within a relatively short period of time are completely possible.
Actually, SafeCrypt feels almost even as good as Bankera ICO that gained huge popularity a little while ago. They raised around $150,000,000 during their ICO. The time will show how much SafeCrypt is able to raise but I believe that the amount will be quite significant.
SafeCrypt Repurchase Program
SafeCrypt team is going to buy some of the tokens back in order to stabilize the token price. That will itself provide good profits for the ICO investors. Let me show you a little glimpse of their whitepaper that explains their buyback program:
SafeCrypt is going to purchase some of the tokens back providing nice profits for early investors.
You may be wondering how they are able to “almost guarantee” profits for investors. I was also thinking about that question and I decided to ask from their team members on the Telegram chat. Have a look at our discussion in the picture below:
SafeCrypt team member explained me the idea of the repurchase program more in detail.
I like his argument, “Is safe by design cryptoexchange on the constantly growing multi billion dollar market capable of generating profits, is that the question?”
He points out that SafeCrypt is going to buy back the tokens with the money that they generate from the exchange. It’s a multi-billion dollar market and even if SafeCrypt would partially fail, they would still make big money. With a pessimistic prediction of market share of just 0.9% SafeCrypt.io will be able to generate $43000 daily on fees.
That’s why Mike Novogratz probably says that cryptocurrency exchanges are literally “printing money”.
Buyback program is actually commonly used with cryptocurrencies. For example, Binance and Sharpay use the similar system as well.
SafeCrypt Reviews – Blockchain Experts Praise This Project!
SafeCrypt has received very positive reviews on numerous cryptocurrency-related website. Let me show what ICOBench gives for SafeCrypt:
SafeCrypt ico review on ICOBench. It’s one of the highest-rated ICOs there with an average rating 4,7 out of 5.
ICOBench is only one example because ICOHolder.com and many other people have given it a great rating.
Even though you always need to take such reviews with a grain of salt, it still gives you a slight indicator whether or not this project has any potential. When it comes to SafeCrypt, we can see that it has a great potential.
Conclusion – Is SafeCrypt ICO Worth Investing?
In my opinion, yes it is. That’s why I have invested in SafeCrypt ICO. I see that it has huge potential for growing and providing profits for initial investors.
The past has shown that those who invested early in the cryptocurrency exchange tokens have made huge profits. Of course, there are risks and anything can happen along the way but in my opinion the rewards outweigh the risks in this case.
What do you think about SafeCrypt?
Are you going to invest in their ICO?
Let’s discuss in the comments below! 🙂
(DISCLAIMER: This article is not an investment advice. It only represents my personal opinion of SafeCrypt ICO. You have the full responsibility of your own investment.)
Is Bittrex safe? Is Bittrex a scam? How to get started on Bittrex? Is Bittrex a good cryptocurrency exchange? If you have been looking for answers to any of these questions, you have come to the right place!
In this Bittrex review, I am going to answer all your questions about Bittrex crypto exchange. I have personally tried around 10 different exchanges so I believe I can help you here. Let’s have a look!
Bittrex Review: Is Bittrex Safe? – Video Version
I also created a video review of Bittrex to answer your questions even in a more thorough manner. You can take a look at the video by clicking below. I am sure you will find it helpful and valuable.
If you want to see more cryptocurrency videos, don’t forget to subscribe to my YouTube channel and smash up the likes 😉
Bittrex Exchange Review
Name: Bittrex
Founded: 2014
Type: Cryptocurrency Exchange Platform
Short Review: Bittrex is a trustworthy cryptocurrency exchange. They are 8th biggest crypto exchange by the trading volume and have operated since 2014.
Even though Bittrex has many benefits, I don’t currently use it myself because Binance and Coinbase are better options, in my opinion.
Of course, cryptocurrency trading or investing always involves risks. If you prefer more guaranteed ways to earn money online, I recommend taking a look at this step-by-step training.
Bittrex homepage is futuristic yet simple-to-use
What Is Bittrex?
Bittrex is a cryptocurrency exchange from the U.S. Seattle that has been operating since 2014. During its 4 years of operation, it has become one of the trusted and most used exchanges in the industry.
They provide cryptocurrency trading for around 200 different cryptocurrency pairs.
Bittrex is 8. biggest cryptocurrency exchange by the trading volume.
5 Benefits of Bittrex
Even though Bittrex exchange is not my #1 recommendation it has still many benefits that I point out for you here.
1.Large Availability of Currency Pairs – ~200 Cryptocurrencies
Bittrex enables trading for around 200 different cryptocurrency pairs. When I was looking at their list, there were many coins that I have never even heard of. Have you heard of cryptocurrencies like Gambit, Gridcoin or Blackcoin?
A large availability of cryptocurrencies is certainly a positive thing. With some exchanges, you can trade only a handful coins which brings you challenges if you want to trade something else. Soon you need to create an account to 10 different exchanges in order to get your desired coins.
You will find all major coins and many rare coins on Bittrex. You will even find cryptocurrencies that you have never heard of on Bittrex.
Some of the BTC trading pairs on Bittrex.
2.Bittrex Has Never Been Hacked – It Is (Relatively) Safe
You probably know that another major exchange from the U.S. called Bitfinex has been hacked twice during their history. Even though they managed those situations well and they are still running strong, they left a little scar to Bitfinex’ reputation.
Bittrex has never been hacked and many people keep it as a trustworthy and a reliable crypto exchange.
3.”Easier to Use Than Other Exchanges.”
I have heard people praising Bittrex because of its ease of use. Their website is intuitive and you will easily find the things that you need to find: Wallets, Markets, Withdrawal, Deposit, etc.
This, of course, depends on the person’s preferences. I feel that almost all exchanges are easy to use once you have used them for a while. Only challenging ones are really like Etherdelta or Forkdelta.
A famous cryptocurrency influencer was comparing Bittrex and Poloniex. He preferred Bittrex for several reasons. It was easier and faster to use. Provided more options for trading and was better in other ways. I don’t recommend Poloniex in any way.
For complete beginners I recommend cryptocurrency exchanges called Coinbase or Changelly.
4.Transparent 0,25% Fee
Every exchange needs to charge fees from their customers for trading. That’s how exchange can run themselves and make money. Some exchanges charge a higher fee (and probably provide more services) while other exchanges charge very low fees.
I would say that Bittrex is “in the middle” when it comes to their fees. They are not the cheapest option but not the most expensive choice either. They charge 0,25% trading fee.
The cheapest option out there is Binance where you can trade with as low as 0,05% fees. That’s also my #1 recommendation for trading altcoins. On the other hand, if you are a “buy and hold” man like I am, 0,2% trading fee doesn’t make a big difference.
There are also many exchanges that have higher exchange fees than Bittrex. One of them is Changelly which is also a great exchange but they charge a 0,50% fee. On the other hand, they are probably the most beginner friendly and easiest to use so it makes sense that a fee is a bit higher.
Bittrex supports cryptocurrency trading also for more rare coins.
5.High Liquidity Because of the Big Trading Volume
On the smallest exchanges, you may have a challenge when trading cryptocurrencies. There are not so many people trading that if you want to make the transaction fast, you need to accept a worse price. In the other words, you lose money because there are not enough people trading with you.
On Bittrex you don’t have such problem because it’s one of the biggest crypto exchanges in the world. You can always find tons of buy and sell orders waiting in the order book. That guarantees the high liquidity and ease of exchange.
How to Get Started on Bittrex?
Getting started on Bittrex can be nowadays quite challenging. Sometimes so many new members have been flowing to their exchange that Bittrex has decided to close their exchange with new members.
Recently, my friend got started on Bittrex and the verification took a few weeks. That’s still quite okay because I have heard “horror stories” that some people were waiting for months to get verified and their funds were stuck on Bittrex exchange.
Anyway, in order to start trading on Bittrex, first, you need to create an account. After creating the account you need to get it verified and that may be a frustrating process overall.
Bittrex fees are 0,25% for trading.
Basic, Phone and Enhanced Verifications on Bittrex
There are a few levels of verification on Bittrex. The more you pass them, the higher trading limit you have.
The first phase is called basic verification. In order to get that done, you need to give your personal details like full name, date of birth, address, passport number, etc.
Phone verification means that you give them your mobile phone number, receive a message and verify that you received the message.
You can complete enhanced verification only after the first 2 verifications are done. In this stage, you need to upload a picture of your passport and a selfie that it’s really you. The purpose of the whole verification process is to secure your identity and let them know that you are really you.
However, once you have submitted all your verification documents, you may need to wait for a long time. Sometimes you mightn’t get verified at all. That’s mainly because so many new users have been flowing into Bittrex and they haven’t been able to successfully manage everything.
Now that millions of people worldwide started buying cryptocurrencies in 2017 and 2018, exchanges had big challenges to answer all support request.
One of my best friends was working in one huge cryptocurrency exchange company and he said, “Support requests just don’t end. They are endless and when you answer to one question, a client immediately asks another question.”
Naturally, people have different kinds of examples of Bittrex support. Some people have really enjoyed it while other people say they don’t respond.
Anyway, if you want to get specific answers to your questions, you can first take a look at their FAQ (Frequently Asked Questions) page. If you don’t find an answer, you can contact them by sending an email to support@bittrex.com.
Bittrex has comprehensive FAQ and support pages.
Conclusion – Is Bittrex a Scam Or Legit?
Bittrex certainly is not a scam. It’s a legitimate website and a company that provides cryptocurrency trading that has been operating already for several years.
Personally, I don’t need to use Bittrex because I have, in my opinion, better alternatives (Binance and Coinbase) that I am using.
Probably the main reason why I haven’t started with Bittrex yet is that their queue for new clients has been so long. It has taken weeks for some new members to get started. Sometimes even longer. I tried to start trading on Bitfinex but wasn’t able to do that even after 2 months of waiting and I didn’t want to waste my time with Bittrex as well.
That being said, if you are willing to wait for the verification, you can create an account there and get started after waiting.
Are you looking for a comprehensive Gate.io review? Looking for answers to questions like, “Is Gate.io Legit? How to use Gate.io? Is Gate.io safe?”
If your answer to any of these questions was “Yes”, you have come to the right place.
In this Gate.io exchange review I am going to show and explain everything you need to know about their website. I will also share my own experiences of using their services. Are you ready? Let’s get going!
Gate.io homepage (You can click the picture to get started yourself).
Short Review: Gate is a reliable cryptocurrency exchange with a large variety of different coins. They have around 250 different crypto pairs (and growing!) that you can trade with very low fees. I have had solely positive experiences of Gate.io and I can recommend it to other people as well.
Gate.io Review – Video Version
Before you go through my comprehensive Gate.io text review, I want to offer you an opportunity to take a look at my video review of Gate.io.
In the video, I weigh the pros and cons of Gate.io and I walk you through how you can easily exchange cryptocurrencies on their website. I am sure that you will find the video helpful and valuable.
(If you want to receive more cryptocurrency-related videos and want to learn how to make more money with cryptocurrencies, don’t forget to subscribe to my YouTube channel as well.)
What Is Gate.io?
Gate.io is a fast-growing cryptocurrency exchange that’s available both in English and in Chinese. They enable cryptocurrency trading for more than 250 currency pairs at the moment which means that they have one of the biggest variety of options in the industry.
I have personally had solely positive experiences with Gate.io so I can warmly recommend it to you as well. First, let me show you a few benefits of using Gate.io.
3 Benefits of Gate.io – Cheap, Safe And Fast
The picture below illustrates 3 important benefits: 1.Low withdraw and exchange fees
2.Safe
3.Fast transactions
Gate.io has extremely low fees.
Gate.io enables withdrawals even without any fee. That’s very unique because on some exchanges I have sometimes paid eve €15 ($20) for a single withdrawal. The fact Gate.io provides withdrawals for much cheaper price means that you can save lots of money over the time course.
Safety is, of course a huge factor and therefore Gate.io holds their funds in a cold storage. That’s the safest way to store cryptocurrencies and it’s basically impossible for hackers to reach them.
Gate.io also provides low exchange fees which is a good thing for your money. You’ll pay only 0,2% fees on Gate.io. For example, extremely popular exchanges like Changelly and Coinbase charge a bit higher fee. If you are looking for an exchange with the lowest fees, your choice would be probably Binance because there you can exchange with as low as 0,05% fee.
Anyway, Gate.io has one of the lowest fees in the cryptocurrency industry. In addition, you can get 10% discount for all of your fees through my special link below.
Using Gate.io is easy as 1-2-3. When I used their exchange for the first time I didn’t read any tutorial but I was still able to exchange and transfer funds conveniently. Anyway, I want to provide you a short tutorial here on how you can use their exchange as well.
1.Sign Up to Gate.io
You can sign up here and you’ll land on the following page:
Gate.io Signup Page. Fill Out Your Information to Get Started.
If you don’t yet have an account on Gate.io, you fill out the form on the left-side and click, “Create account.” They send you an email verification. Click the verification link in the email and you’re ready to go.
2.Deposit Money to Your Gate.io Wallets
At the moment, Gate.io doesn’t accept deposits with fiat currencies (euro, pound, dollar, etc.) but you can easily deposit money by using any cryptocurrency (BTC, ETH, USDT, etc.).
You go to “Wallets” on Gate.io.
Choose what currency you want to deposit.
Click, “Deposit” next to your chosen currency.
Take the address to deposit money from your other wallet.
Just copy & paste your address from Gate.io to deposit money from your wallet.
Usually your deposit happens in a short while so you don’t need to wait for it for a long time. Transferring cryptocurrencies, in general, is way more convenient than making bank transfers, for example.
You can transfer money to Gate.io for almost free and it takes just a short while. If you want to make bank transfers elsewhere, they may cost tens of dollars and take 3-5 bank days. Cryptocurrencies 1 – Government Banks 0.
3.Choose What Cryptocurrencies You Want to Trade
When you have made your deposit to Gate.io, you can start trading your desired cryptocurrency. As you can see in the picture below, there are a huge numbers of different crypto pairs that you can trade. Actually, Gate.io provides one of the largest variety of exchange pairs in the whole industry.
You can trade around 250 different crypto pairs on Gate.io.
4.Make a Trade
In this example, we want to sell Dragonchain (DRGN) into Ethereum. I have chosen that currency pair and the following window has opened to me.
Make the trade buy choosing the amount and clicking, “Sell DRGN-ETH” (in this example).
I set the amount how many DRGN I will sell and the exchange automatically shows me how many ETH I will receive with the current market price. In this case, I will be selling DRGN tokens and I will receive 1,616 ETH. Then I just click, “Sell (DRGN -> ETH)” button.
The order goes automatically to the exchange’s order book. In a short moment I will receive my ETH and my DRGN is sold. Voilá!
Overall, the process is simple and I know that anybody is able to do it. If you have any questions, you can always ask me a question below this article or contact Gate.io support.
My First Experience of Using Gate.io – Easy as 1-2-3
I used Gate.io for the first time because I wanted to sell some of my Lympo (LYM) tokens that I had bought on their ICO. LYM wasn’t listed on exchanges like Binance or Kucoin where I already had an account so I needed to get started on Gate.io.
I created an account on Gate.io and searched for my LYM address to send my tokens over there. It was quite easy for me to send the tokens to Gate because the process worked exactly in a similar way like in other exchanges.
I saw that Gate enables exchanging LYM into BTC or ETH. I decided to exchange my tokens into BTC because the rate was better than with ETH. The exchange was fast and happened in just a minute or so.
Then I wanted to send my BTC from Gate.io to my another wallet. In general, it’s not recommended to hold all your cryptocurrencies in any exchange because they may be hacked or something may happen to the exchange.
I went to my BTC address on Gate.io. Clicked, “Withdrawal”. Set up 2-factor authentication. Gave my BTC address for withdrawal and voilá!
During the whole process I didn’t even need to check out any tutorial because Gate.io website was very intuitive and straightforward.
Gate.io Support
There are many ways to get support on Gate.io.
First option is to take a look at their FAQ (Frequently Asked Questions) page. There you’ll find an answer to 90% of your questions. If you need further help, you can also easily contact the staff in many ways.
You can leave them a support ticket in English or in Chinese and they’ll come up with an answer after some time. Other options to contact the support are through their Twitter page or Telegram chat.
Gate.io Telegram group has +4,000 members and the staff is constantly answering questions.
Conclusion – Is Gate.io Legit? Do I Recommend It?
Yes, Gate.io is a legitimate website and company. Based on my information, it’s one of the fastest-growing cryptocurrency exchanges in the world. I can also personally recommend Gate.io because I only have a positive experience with their services.
Currently, I don’t hold my funds on Gate.io because I prefer holding my money on private wallet when I hold my own private keys. I keep some money on exchanges because private wallets have also their own risks (like losing your paper where you wrote the key, etc.)
One of the biggest benefits of Gate.io is their low fees. You need to pay only 0,2% fee for exchanging on their platform and 0% withdrawal fee. Usually, cryptocurrency exchanges charge much higher fees. Still there is Binance that takes even lower fees than Gate.io. I recommend also their exchange.
I have used around 10 different cryptocurrency exchanges and my experience with Gate.io was one of the best.
If you are looking for an answer to the question, “Is Coinmama a Scam Or Legit?” you have come to the right place. In this Coinmama review, I will tell you everything you need to know about this company. In addition, I will show how their website works that even complete beginners can use it.
Coinmama is a safe way to buy Bitcoin and Ethereum. (You can click the picture to try it out yourself.)
Short Review: Coinmama is a trusted cryptocurrency exchange where you can buy Bitcoin and Ethereum easily using your credit card. It’s an easy and a beginner-friendly platform.
However, their fees are a bit high why I would rather recommend using Coinbase or Changelly. Their fees are lower and they enable credit card payments as well. If a little difference in fees is not an issue for you, Coinmama is also a great platform for buying cryptocurrencies.
Is Coinmama Legit? – Coinmama Exchange Video Review
Before you run into the article, I want to give you an opportunity to have a look at my video review of Coinmama. You’ll find it extremely helpful and informative.
What Is Coinmama?
Coinmama is one of the oldest and most trusted cryptocurrency exchanges in the world. They have been operating since 2013 and have served more than one million customers from almost 200 different countries.
One of the greatest benefits of Coinmama is that you can buy cryptocurrencies easily with your credit card. Many huge exchanges like Binance or Kucoin don’t support that feature so Coinmama stands out as a better option in that sense.
6 Benefits of Coinmama Crypto Exchange
One of the most important factors when choosing a cryptocurrency exchange must be a question, “Is Coinmama reliable?” You should never use a crypto exchange that you are not sure of. Coinmama is a reliable and legitimate exchange so that’s a good choice.
A picture below shows many benefits of Coinmama:
6 Benefits of Coinmama.
1.You can easily buy with credit card. Many other crypto exchanges don’t support this feature.
2.Coinmama is safe and secure. More than 1 million users have used them during 5 years.
3.Fast-track verification. They verify your documents in one hour to increase your buying limit.
4.You can buy Bitcoin and Ethereum using euros, dollars, pounds or any other currencies you wish to use.
5.Global coverage. Coinmama works in 188 countries.
6.Coinmama support answers your questions.
How Does Coinmama Work?
Coinmama offers one of the easiest ways to buy cryptocurrencies. That’s why it’s one of the most popular ways for beginners to get started in the cryptocurrency world. The picture below illustrates the process:
Buying cryptocurrencies on Coinmama is literally as easy as 1-2-3. (Click the picture to get started.)
First, you register to Coinmama. Takes only 10 seconds.
Then you submit your details.
Buy cryptocurrency using your credit card or another payment method.
2.Insert your email address and click “Buy coins”.
(3.Click “Create an account”) If you are a new user on Coinmama.
Registering on Coinmama is easy and convenient.
4.Get your account verified.
Fill out your personal information in order to start using Coinmama.
In order to secure your identity and security, Coinmama requires that you fill out the personal details before you start trading on Coinmama. The verification is fast and effortless.
5.Choose do you want to buy Bitcoin or Ethereum.
6.Define how much do you want to buy.
Coinmama shows you how much BTC (or ETH) you will receive for your purchase. When you have decided the amount click, “Buy BTC.”
7.Make a payment, for example, with your credit card.
8.CONGRATULATIONS! You have now bought Bitcoin or Ethereum on Coinmama.
As you see above, the process of buying Bitcoin or Ethereum on Coinmama is very straightforward. You just need to follow the steps that they provide.
Coinmama Support
Coinmama provides an email support and they promise to come back to you with an answer within 24 hours. They also have an extensive FAQ (Frequently Asked Questions) section on their website. That section will answer to most of your questions but if you need further help you can always contact them by email.
You can also contact Coinmama staff on Facebook. They answer typically within a few hours.
Coinmama Exchange Fees
The only real drawback with Coinmama are their fees. It’s very easy and convenient to buy Bitcoin or Ethereum on their platform but you need to pay them for that convenience. Typical fees are 6-7% per transaction. That’s not huge if you compare to the price volatility of cryptocurrencies but compared to cheaper exchanges those are quite huge.
I have most of the time used Coinbase for buying cryptocurrencies with fiat (euro, dollar, pound) because their platform is also convenient and they have smaller fees.
What Cryptocurrencies Can I Buy on Coinmama?
At the moment, you can buy only Bitcoin and Ethereum on Coinmama. If you want to buy Bitcoin Cash or Litecoin, my #1 recommendation is Coinbase because they give you also a $10 sign up bonus as a new member.
If you want to buy smaller cryptocurrencies my highest recommendations are Binance and Kucoin. I have used them for buying and trading numerous cryptocurrencies.
Their interface is simple and easy-to-use. In addition, Binance is probably the biggest crypto exchange in the world. Both of them have a reputation as a reliable exchange.
Would I Use Coinmama?
A short answer is yes. Coinmama is a reliable crypto exchange and numerous other people are using it as well.
That being said, I personally prefer using exchanges that charge smaller fees. Therefore, I don’t personally use Coinmama as there are are better alternatives out there.
Coinmama Alternatives
If you are a complete beginner and want to buy cryptocurrencies easily, my recommendations are Coinbaseor Changelly. If you are looking for my #1 recommendation for trading cryptocurrencies, take a closer look at Binance.
Coinbase
Coinbase is probably the most well-known cryptocurrency exchange in the world. They provide a $10 sign up bonus for everyone who joins their exchange for the first time. Their platform is very simple and beginner-friendly. It’s also good for more experienced cryptocurrency investors. It’s not a coincidence that they have served already more than 10,000,000 customers worldwide.
Coinbase provides a $10 bonus for new members through my link.
Changelly
If you want to buy cryptocurrencies easily with your credit card, Changelly is one of the best choices for that. They have also served more than 1,8 million customers and have established the reputation as a highly trusted
Binance
Binance has grown fast into the biggest cryptocurrency exchange by the trading volume. They provide trading for numerous different cryptocurrencies including some rare ones. Binance has one of the smallest fees in the industry because you can trade on their platform with even as low as 0,05% fee. The only significant drawback with Binance is that you can’t use fiat currencies (euro, dollar, pound) on their platform.
Therefore, my recommendation is that you use Changelly, Coinbase or Coinmama to buy Bitcoin and Ethereum. Then transfer it to Binance where you can buy and trade smaller cryptocurrencies if you want. After you have done with the trading, I recommend transferring your funds into a hardware wallet like Trezor.
Binance provides the smallest trading fees in the industry. Even much smaller than Coinmama.
Conclusion – Is Coinmama a Scam Legit?
Coinmama is certainly a legitimate cryptocurrency exchange. They have been operating more than five years and served more than 1 million customers all over the world in ~200 countries. In my opinion, Coinmama is most suitable for beginners who want to get started and buy Bitcoin or Ethereum easily with a credit card.
The only drawback is that their fees are a bit higher than on some other exchanges. If you want to buy cryptocurrencies with your credit card/bank account I rather recommend using Changelly or Coinbase. For cryptocurrency trading my #1 recommendation is Binance.
On the other hand, if you just want to buy some Bitcoin or Ethereum fast and you don’t mind paying 1-2% extra fees you can just use Coinmama. Their website works well and the support will answer your questions if necessary.
Have you used Coinmama for buying Bitcoin or Ethereum?
What other cryptocurrency exchanges lihave you used?
