Connect with us

Don't Miss

It’s About Time Cryptocurrencies Had a Proper Meta-Exchange

Published

on

READ LATER - DOWNLOAD THIS POST AS PDF

Eduardo Tió Gómez

There are many culprits to the cryptocurrencies current bearish season. From fork shenanigans to controversial stablecoins, everyone seems to have an explanation. However, one factor both experts and enthusiasts agree upon is that the cryptocurrency space is not user-friendly enough for mass adoption. It’s filled with clumsy interactions on too many different services with steep learning curves.

Better options are already available. Since last year, a new cryptocurrency exchange aggregator named CoinSwitch is helping users convert more than 400 currencies across 45,000 pairings. It may well be one of the first components of what is now called Web 3.0: A layer of blockchain-powered applications that make all the complicated blockchain infrastructure easy and accessible to everyday users.

For Everyday Users

Most people lack the time to get familiar with every separate service or cumbersome platform. It’s easy to feel uneasy when using an unknown exchange for the first time. Some have uncomfortable policies or become inconveniently glitchy when it’s time to withdraw funds. To say nothing about liquidity issues.

CoinSwitch lays the whole market at its users’ feet. They can count on it as a meta-exchange where they find the best deals on the market in a single place. The top-rated service scrapes data from every major exchange to give users the widest set of options for their transactions. These include IDEX, Bittrex, Bitfinex, Okex, KuCoin, and Cryptopia.

There is also no need to trust a third-party wallet service. CoinSwitch allows anyone to convert their holdings directly and anonymously from the safety of their own wallets. They don’t even need an account. Users only need to use a seamless conversion transaction that works even from hardware wallets like Trezor.

CoinSwitch’s service is free of charge on most transactions. Over three-quarters of the listed exchanges do not charge CoinSwitch users anything extra. Others only collect a minimal 0.49% fee, at most.

For Businesses

Everyday users are not the only ones who benefit from using CoinSwitch. Besides hardware wallet integrations, the service’s API is already used by countless other blockchain projects. Gaming sites like Stake.com and Bearescape.io use it to offer users an easy and secure way to recharge their accounts. Likewise, CoinSwitch is launching a payment gateway where merchants can accept over 300 cryptocurrencies.

Already influential in the APAC region, the Bangalore-based startup has attracted funding from prestigious firms such as Silicon Valley’s Sequoia Capital. CoinSwitch is founded by a team of professionals stemming from Amazon, Microsoft, and Zynga, who succeeded in building the cryptocurrency exchange aggregator that serves the highest number of daily transactions.

For the Blockchain Community

The startup is also engaged with the community of blockchain entrepreneurs and developers at large. CoinSwitch offers a customized cryptocurrency exchange that can be quickly embedded in any website, with no need to code a single line. Projects like Skycoin, Gobyte, Komodo, and Reddcoin have already taken advantage of this feature.

Services like CoinSwitch are providing the foundation for a more accessible and user-friendly cryptosphere. One that is ready for mass adoption.

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Don't Miss

Neteller to Launch a Crypto Exchange

Published

on

Neteller
READ LATER - DOWNLOAD THIS POST AS PDF

The way to make sure that the cryptocurrency momentum continues and that cryptocurrency credibility occurs is when big companies begin offering services based around cryptocurrency and other features of blockchain. This was certainly the case when Neteller recently announced it will offer a cryptocurrency exchange service in addition to its digital wallet services. The company announced that the 28 currencies compatible with the fiat wallet were able to buy, sell, and hold cryptocurrencies – including Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, and Litecoin. It makes sense to begin with Bitcoin and Ethereum as they are seen as the originators of what cryptocurrency and blockchain can do and also the future of how blockchain can be used, despite news that Ripple may be set to topple them all. Neteller’s move into cryptocurrency shows it has its sights set on a bright future of cryptocurrency and making it more accessible. But where do they stand now?

Neteller and Cryptocurrency

Neteller are optimistic about the exchange features of the digital wallet, claiming that they plan to add more cryptocurrencies in the near future. Neteller’s benefit is the ease at which one can begin their cryptocurrency trading journey. Not only do a range of banks offer services to fund the wallets and exchanges, but so do a variety of online payment options. This helps remove the barrier to entry that exists in…

Continue Reading

Altcoins

MGO Will Likely Generate Substantial Gains During 2019

Published

on

MGO
READ LATER - DOWNLOAD THIS POST AS PDF

My new year’s resolution is to put the past year behind me and start fresh.  This means to stop worrying about past losses and focus on all the exciting projects that blockchain technology has made possible.  When analyzing new projects, I tend to look for projects that have 2 advantages; growing industry and lack of competition.  Companies with these advantages have always done well in the equity markets and there is no reason to believe they won’t do well in the crypto markets.  MobileGo (MGO) is one such project that will be one of the biggest winners during the next 12 months.

MobileGo’s currency, MGO, performed better than nearly every other token during the past 12 months.  While most altcoins were plunging by more than 90%, MGO is only down about 50%.  And, since September, the MGO token has exploded by more than 200%.  These trading gains can be attributed to increasing adoption rates of the MGO token, most notably on the Xsolla platform.

Xsolla is a global powerhouse within the gaming industry.  It’s a gaming platform that provides developers with critically important services such as marketing, billing, distribution, payment processing, and fraud prevention.  Xsolla’s pay station allows for every developer in the world to monetize by providing 700+ payment types.  The company also has a global presence that is unmatched by reaching 200+ geographies, utilizing…

Continue Reading

Don't Miss

BlockchainDefender Reports on a Lack of Trust in the Crypto Industry

Published

on

BlockchainDefender
READ LATER - DOWNLOAD THIS POST AS PDF

The cryptocurrency industry reached its peak market capitalisation in January 2018, nearly reaching $800 billion. However, even with such a large market capitalisation the industry faces a lack of trust.

BlockchainDefender recently released a report examining this lack of trust.

Questions Answered in the Report

Within the report, BlockchainDefender clearly outlines its goals. The first question to answer lines up with the title of the report and asks how market sentiment affects the market capitalisation of a cryptocurrency. The report also aims to determine which digital currencies have the best and worst online reputations, spot variations in digital currencies’ reputations by countries, and see where the online negativity most frequently gets published. The second section of the report compares the online reputation of traditional trading exchanges with crypto exchanges, and the final section explores the impact of a crisis on a cryptocurrency’s price.

Market Sentiment, Trends, and Capitalisation: Study One

The first study of the BlockchainDefender report begins by confirming that the number of searches for cryptocurrency and the online sentiment regarding digital currencies correlate with the global market capitalisation of the crypto market. This is confirmed via ups and downs in all values from January 2017 to July 2018, all clearly displayed on an easy-to-read graph.

To examine differences in online sentiment towards cryptocurrency in various countries, BlockchainDefender used search results and analysis in each country’s native language.…

Continue Reading

Elite