📈 Pricewise Andrew Strogoff

Bitcoin, Ethereum, Ripple, EOS, NEM New Local Highs Reached: Price Analysis, July 5

Pricewise
Bitcoin and its rivals make new tops on Wednesday, market sentiment is still bullish
Bitcoin, Ethereum, Ripple, EOS, NEM New Local Highs Reached: Price Analysis, July 5

The crypto market continues its uptrend as all the majors from the top 20 has reached their new highs on Wednesday. Later, Bitcoin and its rivals declined within the correction. However, there is the midterm uptrend currently as sellers have no chances to reverse it and the price goes upwards establishing new tops.

There is interesting news on Wednesday-Thursday that we would like to share with our readers. However, first some experts’ opinions. A panel from 14 experts in cryptos has issued their report on several coins including Bitcoin.

They predict bullish market for the rest of 2018 and Bitcoin price will be at least above $15,000. Another interesting news comes from Binance. This famous crypto exchange halted its activities temporarily due to Syscoin issues. There are rumors that there one bln Syscoins mined in a single block.

Bitcoin (BTC/USD) price analysis, July 5

 BTC/USD Hourly General

Bitcoin went upwards yesterday, but retreated later within a correction. The currency pair has added more than two percent in the past 24 hours. BTC price moves along the ascending trend line meaning BTC/USD still looks upwards and is promising.

BTC/USD Hourly Closer

Bitcoin has tested the resistance area at $6,718 on Wednesday as we had previously predicted, but BTC price declined towards the ascending trend line later. BTC/USD touched this trend line and seems to jump off it meaning bulls are ready to develop the uptrend in the nearest future.

We have two bullish signals in a row at the moment of writing. The first comes from the bullish engulfing candlestick pattern. The second formed when the ascending trend line rejected the price. As for targets, we think that BTC/USD is likely to retest the resistance area at $6,718 first and to move higher targeting the next resistance at $6,943. This target may be reached on Thursday-Friday.

As for the alternative scenario, the currency pair will break through the ascending trend line and move lower. The first bearish goal lies at the support area at $6,510 and the second is even lower at $6,329.

Ethereum (ETH/USD) price analysis, July 5

ETH/USD Hourly General

Ethereum went up three percent in the past 24 hours. The currency pair develops its uptrend as ETH price moves along the trend line. Our Wednesday targets were reached but ETH/USD failed to develop its progress and retreated towards the ascending trend line.

ETH/USD Hourly Closer

The currency pair touched the resistance area at $473.39 on Wednesday, but failed to jump over it and went downwards, targeting the ascending trend line. Ethereum is testing the resistance again in the moment of writing.

We have a clear bullish hammer pattern on the hourly chart, which is confirmed by the fact that the currency pair jumped off the ascending trend line. As for the targets for today, we think that Ethereum is able to resume the uptrend. The first goal for the currency pair is to break through the resistance area at $473.39.

The second (but the main) target lies higher at the next resistance at $500.36. As for bearish scenario it is less probable in this situation. Targets for sellers are the following: ETH price may reach the support area at $453.24 and if successful, it will go lower, targeting the next support at $431.42

Ripple (XRP/USD) price analysis, July 5

XRP/USD Hourly General

Ripple reached our targets on Wednesday but retreated later. The currency pair added more than three percent in the past 24 hours. XRP/USD moves along the ascending trend line meaning the uptrend is still in force and is able to develop.

XRP/USD Hourly Closer

The currency pair tested the resistance area at $0.5088 on Wednesday but failed to jump over it. XRP/USD declined towards the ascending trend line later. Sellers were unable to push Ripple lower.

We have a clear bullish hammer candlestick pattern on the hourly chart, which is confirmed by jump off the trend line. This means that Ripple is able to resume its uptrend in the nearest future. The closest target for this upside tendency will be at the closest resistance area at $0.5088.

We also think that XRP/USD will be able to move higher once the resistance is broken. The next target for Thursday-Friday is at $0.5444. As for the bearish scenario, it is less likely. However, the target for sellers lies at $0.4744.

EOS (EOS/USD) price analysis, July 5

EOS/USD Hourly General

EOS followed its rivals and reached our targets on Wednesday, but later declined towards the support. EOS/USD added more than three percent in the past 24 hours. The currency pair moves along the ascending trend line and looks bullish.

EOS/USD Hourly Closer

The currency pair tested the resistance area at $9.03 on Wednesday. However, EOS was unable to jump over it and retreated towards the ascending trend line, where it found support as sellers failed to push it lower.

There is a bullish hammer pattern currently meaning EOS/USD is able to resume its uptrend in the nearest future. We think that bullish target lies at resistance area at $9.60. This scenario looks very promising.

Bears seem to lose momentum. However, if they take force, they will push the currency pair towards the ascending trend line again and if successful there, will push it towards the next support at $8.29.

NEM (XEM/USD) price analysis, July 5

XEM/USD Hourly General

NEM looks bullish as the currency pair reached our targets on Wednesday. The currency pair more than five percent in the past 24 hours. XEM/USD still moves along the ascending trend line.

XEM/USD Hourly Closer

The currency pair reached the resistance area at $0.2002 on Wednesday but failed to jump over it. NEM reached the ascending trend line later and jumped off it. We have a doji candlestick pattern meaning bulls are able to drive the currency pair higher. The signal is confirmed by the trend line. This is the main scenario. The target for growth is at $0.2121.

As for bears, they have lost momentum, but their closest target is below the ascending trend line at the support area at $0.1873.

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Coins Guide George Shnurenko

7 Best Lisk Features

🎓 Coins Guide
Cryptocurrencies receive their value from the network on which they are based.
7 Best Lisk Features

The fundamental difference between the cryptocurrency and the usual type of money is that government agencies do not support electronic forms of payment. Money of its origin has no physical value. They can be provided with goods and gold and supported by government obligations. But in fact, the price of money is more regulated by the government, which gives out the currency than the real value.

When we use cryptotherms, it is important to understand that owning non-physical assets is unreliable and unsafe. All the capital that belongs to the user is protected only by the private key and its ciphers. Only this guarantees the safety of any operations, the protection of property.

The network that supplies the cryptocurrency determines its value. There are other factors that influence:

  1. Supply and demand. If the demand is constant, this condition will help to save the cost of electronic funds. Bitcoins should be released at a certain speed, their total number should not exceed 21 million. The inflation will not be able to change their quotation at constant demand. However, not all crypto converters use this approach.
  2. The cost of bitcoins. The cost of all other crypto conversions is tied to it. Therefore, at the moment when the bitcoin price changes, other currencies will also change their value.
  3. Energy costs for verifying transactions. Indeed, the protocols used by bitcoins consume a lot of electricity. For comparison, the delegated-share rate of Lisk, consumes significantly less, which affects prices.
  4. Degree of complexity. This indicator also affects the provision of crypto currency, like energy. And it affects the price of each token.
  5. Public attitude. Much depends on investors and on how they perceive the space of the blockbuster. It also forms a pricing policy. When media are positive about the block, prices are rising. In the event of any scandal, the prices of tokens immediately fall on the stock market.
  6. The key investors. Leading players in the market that have a significant amount of cryptocurrency on their accounts can all quickly sell it. This will lead to a sharp decline in the price of the currency. Big investors are called whales, because their property affects the entire market.
  7. Usefulness of currency. Much depends on the capabilities of the cryptocurrency. Where can it be spent? What on lets you do? All these factors affect the price of the currency, as well as the company that issued it.

Due to the impact of all these factors, the price of the crypto currency may be unstable. For this reason, some investors find it possible to earn money on fluctuations in rates. While the value of the dollar or the euro is relatively stable, this does not apply to the position of the cryptocurrency.

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Lisk is a valuable product based on JavaScript. It allows you to create applications with blocking and using the Lisk token. This token becomes a means of transactions in applications. Each token allows the user to configure access and protect the entire network. This provides the true value of the currency. Perhaps this is one of the reasons for the constant increase in the cost of LSK.

The cost of the Lisk token increased from $2 in August 2017 to almost $8 in just one month. Then the rate returned to $4 in November 2017, and in January 2018 the price of the currency was above $20. Such fluctuations are normal in the world of cryptotrade. Some analysts argue that the currency is not suitable for regular transactions. However, with a wider implementation, cryptotherms will find its stability. Now the market is in a hurry. Everyone wants to identify tokens that grow rapidly. This factor led to a huge increase in the crypto-active market.

Regardless of whether crypto conversions are a good indicator of value, this is an idea that everyone today never tires of discussing. Many doubt the value of the block without the provision of goods. But most of the world's currencies are also not provided with goods and precious metals.

In many ways, operations with crypto-currency are like buying a company's shares. It is important to acquire such detachments, which in the future can get real value. If the project is very popular, it will increase its value on the market more than any other factor. For any investment, a good analyst is needed, observing the exchange rate and serious deep research.

Cryptocurrencies receive their value from the network on which they are based. As a result, people are willing to pay for them. Cryptocurrency is still a relatively young concept of money, therefore such a status inevitably causes some volatility of the object in the market.

We can say that the idea that all cryptocurrencies are not a safe investment object is false and, perhaps, even outdated. As long as the cryptocurrency will consist of a solid, respectable project and be safely stored, it will be a good repository of value, like any other investment.

Coins Guide
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Thomas Hughes

Crypto Market Swells Overnight. Ethereum, Ripple, Bitcoin – All in the Green

For the last 24 hours, all cryptocurrencies in the top 20 by market cap have been posting gains, ranging from 5% to 12%
Crypto Market Swells Overnight. Ethereum, Ripple, Bitcoin – All in the Green

For the last 24 hours, all cryptocurrencies in the top 20 by market cap have been posting gains, ranging from 5% to 12%. This is the first such occurrence since the massive sell off that begun almost half a month ago, so the obvious question must be asked: are we dealing with a corrective rally or a full-scale reversal?

While a definitive answer is almost impossible to give, the recent surge has revitalized the market and brought a shimmer of hope to an otherwise depressed crypto community.

Chart Analysis – ETH/USD

Chart Analysis – ETH/USD

Ethereum is currently trading at $113 for an almost 10% gain over the last 24 hours, making it one of the best performing cryptocurrencies in the top 10 for said period. The rebound comes after a second failed attempt to break the $100 key handle, which created a double bottom pattern.

This type of chart formation is very bullish and can often be seen at the end of a downtrend, but before we can say that we are dealing with a full-scale reversal, the pair must create at least a higher high and a higher low. For that to happen, the pair must break the 117 mark, which acted as weak support in the past and then turned into resistance (last time it was touched, it rejected rising prices – see second circle on chart).

The Relative Strength Index is bullish without being overbought, and the Bollinger Bands are now moving sideways, which suggests that the strength of the downtrend is diminishing.

Support zone: 100

Resistance zone: 117 and the upper Bollinger Band

Most likely scenario: as long as 117 holds, we expect a drop towards 100

Alternative scenario: if 117 is broken, we expect a move towards 137

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Wikicoin Vera Thornpike

Top 5 Ripple Wallets in 2018

📚 Wikicoin
There’s no better way of securing your crypto assets than a reliable wallet: consider these top 5 choices
Top 5 Ripple Wallets in 2018

Crypto wallet is an irreplaceable part of your investment activity. But how to select a reliable and functional option? Let’s consider Top 5 Ripple wallets and find out how to pick the right one for you.

It’s been two years since cryptocurrencies started to make waves, and many altcoins grew in price as much as the leader, Bitcoin, did. There are many decent investment opportunities around, and one of them is Ripple (XRP). Having been invented as far back as 2004, it grew at a remarkable rate in 2017, and now is in the Top-10 cryptocurrencies. The coin is widely used for international transactions and is currently being tested by governmental banks, especially the ones in Asia. Despite being the third largest cryptocurrency by market cap (close to 18 billion US dollars), XRP is very cheap compared to Bitcoin and Ethereum, so right now you can still buy a handful of coins without having to take out a second mortgage on your house.

If you’re ready to jump on the Ripple bandwagon, then you need a reliable and functional wallet. Let’s observe five worthy solutions and find out why an accurate XRP wallet selection is more important than you may think.

Main vulnerabilities of cryptocurrency wallets

Like any other online product, online cryptocurrency wallets are prone to attacks and failures. These are the main five crypto wallet vulnerabilities:

Main vulnerabilities of cryptocurrency wallets

How to choose the best wallet for Ripple?

Not all Ripple wallets are created equal, as it were, so you need to perform a thorough market analysis before investing. The prime motivation for using a good wallet is the safety of your assets: without a rock-solid security, no digital solution has any real value.

So, what should be taken into consideration when picking up the best XRP wallet?

  1. Does the wallet support Ripple? This is the most essential question. The Internet offers a myriad of versatile crypto wallets, but sets of supported cryptocurrencies differ from one solution to the next.

  2. Is it secure enough? The absence of proper security measures takes away from most of a wallet’s value, which means that your virtual money could be stolen any time. Check whether the wallet provider implements a two-step authentication, cold storage, backup, and other security tools. An SSL certificate is a must-have for online services, too. An offline Ripple wallet is considered to be a safer option.

  3. What’s the fee/cost? If you’re going to handle huge amounts of cryptocurrency, investing in a hardware wallet for Ripple can be a more cost-effective solution compared to online storage.

  4. Is it compatible with mobile devices? Every self-respecting crypto wallet provider offers both desktop and mobile versions for their clients’ convenience. Make sure that your iPhone, Android, BlackBerry, or any other device supports the software.

Cold vs. hot wallet: which one is better?

Cold storage means using a hardware wallet for crypto assets. It is recommended for users who want to safeguard their coins instead of entrusting funds to third parties. This is a safer but also a less convenient option because you cannot perform cryptocurrency operations on the go. For this reason, some traders use both kinds of cryptocurrency wallets: online services for trading, as well as hardware wallets for storage only.

Now that the stage has been set, the time is ripe to actually have a look at the best Ripple wallet options.

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Binance

When talking about cryptocurrency exchanges, Binance is one of the first names that springs to mind. This crypto service is rapidly growing and now also offers its users Ripple wallets. However, it’s better suited for short-term coin storage: as a general rule, you shouldn’t store currency there for more than 1–2 days, because exchange issues may appear out of the blue.

“Why use it at all?”, you may ask. Well, Binance is perfect for instant buying and storing of XRP since you can claim a 50% discount on trading fees when you exchange Bitcoin to Ripple.

Ledger Nano S

This hardware wallet supports a number of cryptocurrencies, including Dash, BTC, ETH/ETC, Stratis, and Zcash. This crypto storage solution offers high-level security, ease of use, and portability. It looks like a USB device, so you can carry it in your pocket without having to be wary of any prying eyes. It allows you to control transactions with the help of a button and features a secure password system. You can send and receive coins and make automated account backups (there’s an individual recovery sheet applied to every device). The gadget can be ordered online: in 4–7 days, it will be delivered to your doorstep.

Ledger Nano S

Toast Wallet

But where to store Ripple for free? Try Toast, an open-source Ripple wallet which is accessible to anyone. Its salient features include:

  • Compatibility with Windows, Android, Mac, and iOS. Each application is well thought-through and fast.

  • Zero fees for both storage and transactions. Do bear in mind, however, that you need to have 20 XRP in reserve to process your transactions.

  • Toast Ripple wallet App has intuitive navigation coupled with a user-friendly interface.

Toast wallet is a bare-bones solution that will be perfect for starters to get their feet wet and learn the basics of cryptocurrency handling. It is simple enough for beginners to manage, and yet, supposedly, as safe as a Swiss bank. Another good news is that Toast is not a hosted wallet, which means you will have total control over your private keys.

Toast Wallet

Jaxx Wallet

This software was developed by the man who started investing in crypto very early on and helped to found Ethereum. In trying to figure out how to store Ripple safely and reliably, he developed Jaxx Ripple wallet. This is a multicurrency HD wallet that allows for storage of over 60 coins and lets its users control the seed and PIN. This software boasts the whole gamut of features, including:

  1. Custom fee options: high (fast transactions), average, and low (slow mining fee). The normal fee is recommended for an easy transaction confirmation.

  2. A QR scanner for better precision and accuracy of transactions.

  3. Exporting and importing of private keys.

Jaxx also provides an added bonus of the best exchange for Ripple: one coin can be converted into another in the app itself, so the investors are free to make transaction decisions right there and then.

Check out available Jaxx versions:

Android

Mobile & Tablet

iOS

Mobile & Tablet

OS X

Desktop

Chrome

Browser Extension

Windows

Ripple desktop wallet (x64) / (x86)

Linux

Ripple desktop wallet (x64) / (x86)

CoinPayments

CoinPayments is not just a desktop wallet for Ripple. As its name suggests, it is a cryptocurrency payment website where you can store currency online. It accepts over 900 altcoins, a record-breaking number for an exchange platform. CoinPayments functions like a physical bank — it allows exchanging of coins and shopping online — and has a low transaction fee of 0.5%. The fee is applicable to:

  • commercial deposits;

  • incoming payments;

  • transactions, regardless of their size.

Personal deposits and withdrawals are 100% free unless you use them for commercial items or shopping. To top it off, CoinPayments is highly convenient for online purchases: it partners with a wide range of e-commerce websites and stores, over 296,000 online vendors to be exact. Exceptional security level is achieved thanks to the BitGo multi-sig technology. So if you want a cheap and breach-proof solution for cryptocurrency storage, CoinPayments is exactly the thing.

10 ways to secure your cryptocurrency wallet

All cryptocurrency owners are potential victims of hackers. Although the aforementioned solutions are safe, you, as a user, bear the primary responsibility for the security of your assets. Here are a few professional tips:

  1. Do not install external mobile applications unless absolutely necessary.
  2. Activate a Two Factor authorization in both the app and on the web.
  3. Whenever someone sends you links, always double check them.
  4. Beware of Slack bots! Do not click on any links the bots send you. You can also protect your device against them by using Avira antivirus, Metacert, or Webroot security, as well as built-in Google Safe Browsing.
  5. When you’re engaged in a crypto trading activity, use a separate browser for the operations with crypto coins. It’s also better to choose an incognito browsing mode; in fact, ideally, you should have a separate PC or another device for crypto trading.
  6. Do not download crypto add-ons. Use antivirus for network protection.
  7. Do not perform transactions via public Wi-Fi, even if you use a VPN.
  8. Keep updating your router firmware regularly: hardware manufacturers release updates for protection against key substitution.
  9. Do not interact with websites without an HTTPS protocol.
  10. If something seems suspicious in the messages you receive, close the window and delete that letter from your inbox.

Bottom Line

Although the Blockchain is a safe technology in and of itself, it’s not immune to security breaches, which means you still need a safe place to store your cryptocurrency coins. The Internet offers a myriad of exchange platforms and crypto payment services that provide crypto wallets. These websites should be chosen wisely: some of them are prone to hacking, while the others may charge astronomical fees.

Bottom Line

So, what is better, an offline Ripple wallet or an online service? It depends on the frequency and size of your transactions. Cold storage is used for long-term investment; this feature is provided by hardware wallets. If you are going to trade actively and perform transactions on a daily basis that involve smaller amounts, then online services would be more appropriate for you. They can be used on the go, and their transaction fees are pretty low, though how low exactly would depend on the actual platform you opt for.

All of these Top-5 solutions are dependable and functional enough to meet the desired objectives of any crypto investor. So, if you’re ready to stock up on Ripple, pick up one of them and sleep soundly knowing that your assets are safe!

Wikicoin
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📈 Pricewise George Shnurenko

Bulls Seem to Take Control Over Market; BTC, LTC, XMR, NEO Move Together

Pricewise
The trend will become more clear today, as some currencies test, and others re-test downside trend lines
Bulls Seem to Take Control Over Market; BTC, LTC, XMR, NEO Move Together

Bitcoin, Litecoin, Monero and NEO seem to make peace with each other as they begin moving in the same direction. It is hard to say now whether we are seeing a deep correction or a complete reversal. The situation will be clear within the next several hours as some of the reviewed currencies test their downside trend lines while the others re-test them already.

BTC/USD

D:\Пробы пера\sergeytn\09.05\btc hourly 1.jpg

The currency pair changed its direction today as we had expected. There were two pin-bars within the support area ($9,000). There, the price reversed and bulls have finally taken the initiative in their hands. BTC/USD has broken through the resistance line ($9,200). The currency pair fluctuates higher at the time of writing.

Bitcoin has entered the Ichimoku cloud and stopped its upside tendency here for a while. There was another important event as BTC/USD crossed the downside trend line. The currency pair stays higher now. Bulls seem to change the global short and midterm scenario. We think that Bitcoin is likely to develop its upside tendency, but it needs a correction or a consolidation now. The closest target is the upper border of the Ichomoku cloud. However, in case of a correction, the price is likely to reach the support line ($9,200) or the lower border of the Ichimoku cloud.

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LTC/USD

D:\Пробы пера\sergeytn\09.05\ltc hourly 1.jpg

The currency pair follows BTC/USD but with lower volatility as usual. We have noted in today’s review that LTC/USD needs some kind of a correction, and we think it is developing now. The main difference with Bitcoin is that Litecoin is still below the downside trend line.

LTC/USD crossed the $154 area and moved towards the next resistance line ($159 area) which is still unbreakable. There was a Shooting Star recently, but the volatility is low and the price’s decline was insignificant.

What to expect from LTC/USD in the nearest hours? We think that it will make an attempt to test the resistance line and the downside trend line. If successful, Litecoin has an opportunity to change the global midterm scenario as it will break the downtrend. Otherwise, the price will likely fall towards the support area ($154).

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XMR/USD

D:\Пробы пера\sergeytn\09.05\xmr houtly 1.jpg

Bulls seem to dominate Monero market as the price went above the downside trend line and crossed the Ichimoku cloud as well. XMR/USD tests the downside trend line from the upper side and if it holds the bears’ pressure, there will be another confirmation of global midterm changes in XMR’s scenario. The downside trend line coincides here with the support area ($229).

XMR/USD may continue its upside momentum after this correction if the price will jump off the support line and the downside trend line. Otherwise, it may return below the trend line and bears will regain control over the market.

NEO/USD

D:\Пробы пера\sergeytn\09.05\neo hourly 1.jpg

The cryptocurrency follows other reviewed coins as it goes straight upwards. The price is testing the downside trend and the support line ($76 area). The results of those attempts are very important for future scenario as NEO/USD may either continue its upside momentum or reverse towards the $72 support line area.

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Andrew Strogoff

Quoine Review – My Complete Beginner’s Trading Guide

The article reviews Quoinex exchange. This exchange is the part of the Quoine – a Japanese fintech company, which provides traders and investors with some interesting too
Quoine Review – My Complete Beginner’s Trading Guide

Today we are  going to talk about Quoine – a Japanese fintech company, which provides traders and investors with some interesting tools including Quoinex exchange. However, before I start, I would like to write some words about the main company, their goals and the team, which is behind the project.

Quoine name themselves a leading fintech company, providing their clients with up to date financial services, powered by the blockchain technology. One of the main goals of Quoine is to develop financial services, accessible to all.

Team

Team

The first thing I would like you to pay attention to is the team of Quoine:

  1. The CEO of this project is Mike Kayamori. He is the co-founder of Quoine, the company, established in 2014. Mike is famous for his investor’s career. He has experience in IT and venture capital across Japan.

  2. Mario Gomez-Lozada. Co-founder and CTO of the project. He was the Japan Chief Information Officer and the Head of Fixed Income IT Asia at Credit Suisse. He has and experience in working with local regulators.

  3. Katsuya Konno. Project’s CFO has rich experience in financial branch as he worked at SoftBank Group for almost eight years. He worked on many important venture deals with the volumes that exceeded $60,000,000,000.

Main Quoine products

The company offers three main services. Here they are: Quoinex, Liquid and Qryptos. I’m going to describe briefly all of them before diving into the Quoinex exchange to provide you with full review of this interesting trading platform.

Let’s start with Liquid. This is the brand new platform aiming at creating a cutting edge trading marketplace with high liquidity. Liquid allow users to trade with both cryptos and fiat. It supports multiple currency pairs including QASH, Bitcoin, Ethereum and several other digital assets.

Liquid is a regulated marketplace meaning the platform has got a license from the FSA, Japan’s Financial Services Agency. This platform provides clients with highly secure cold storage to prevent their digital assets from being stolen from their accounts.

Finally, Liquid is made for both beginners and professional traders. Both those categories can easily access the platform with low fees. Digital assets may be traded from different devices.

Another interesting service that Quoine offers to the clients is Qryptos. This is an all-in-one trading platform with one interesting feature. You can participate in ICOs by using this service in just a couple of clicks.

Main Quoine products

Take a look at the screenshot. Here you can see the registration form to fill in in order to join the ICO. This means that you don’t need to find those ICOS somewhere else. They are all in one place. However, As far as I understand, you won’t find all ICOs there. Only those verified by the team. I think this is one of the advantages of the project as the risks of investing in scams are reduced significantly.

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Quoinex – compete guide to regulated Japanese cryptoexchange

As I have previously mentioned, this trading platform is a part of Quoine ecosystem. The main feature of this project is that all traditional financial products and transferred into blockchain system. Quoinex has a wide range of partners that operate in different branches.

How to create an account with Quoinex

Before you get access to the Quoinex platform, you need to create an account there. It is a simple procedure. The first step is to provide your country of residence. Being a regulated exchange, Quoinex is not able to accept traders from all countries all over the world.

How to create an account with Quoinex

The next step that you are to do is to fill in the blank fields with all necessary data. Here you can choose the type of account that you need. There are two of them – personal account for individuals and corporate for companies.

Then, you provide Quoinex with your email address (or email address of the company that you represent) and the password. It is to mention that the second part of registration field is done on Japanese only.

Finally, when you are done with this second step, you are to verify all the data you have input and to proceed to the email verification step. Once you do this, you will be sent a letter to your email with a special link.

By clicking on it, you will confirm the email address and will be able to use this Quoinex service in future. At this step you have created your account, but there are some other things to do in order to start trading.

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Quoinex verification procedure

There is no clear information about the difference between verified and unverified accounts. I have seen nothing about it. However, those who want to trade on the exchange, are recommended to do the verification as they will be provided with the opportunity to deposit and withdraw using credit cards.

Before you proceed with verification, I advise to learn more about the quality of document scan copies. Low quality or other issues may be the reason for the security service to reject them. You can use the following documents in order to confirm your personality – passport, ID card, PAN card etc.

You need also to verify your residence address. To do this, you can upload scan of your utility bill that you have received at least three months before the moment of verification.

How to fund your Quoinex account and withdraw money from there?

Before you start trading on Quoinex exchange, you are to deposit your account. To do this, you need to click on “Wallets” button within your trading dashboard. Japanese exchange allows you to fund your trading account with both fiat money and cryptos.

Once you have chosen your way to deposit your trading account, you can create a funding request and put in your bank account number (if you want to credit with your banking card). The next step is to fill out the amount you want to deposit. You are to remember that when depositing money into your account, you have to pay fees in some cases when they are required by the banks or other payment authorities.

Quoinex trading platform

Quoinex trading platform

Trading platform that you can see on the screenshot was made for beginner and professional traders and investors. You can find all necessary tools there including technical indicators and the others. I will describe those features later.

Quoinex interface is user friendly. You can find all the information you need within the platform Here there are volumes, statistics about your positions etc. As for the charts, Quoinex uses Tradingview platform, which is very popular among all traders.

As I have previously mentioned, there are different types of useful tools here. You can use trend indicators along with oscillators. You can also choose the chart type and different timeframes to make your strategy even more profitable.

By the way, the trading platform has two main views. You can use Basic Trade interface, which is designed for newcomers and Advanced Trade interface, created especially for professional traders and investors. The last one supports both spot and margin trading including different types of orders.

The cryptocurrency exchange offers different types of orders including market and limit ones. Market orders are designed for all types of traders and they offer the opportunity to open positions at the current market price.

As for the limit orders, they are created for those who want to catch better prices. Let’s say you want to buy Bitcoin, but you think that the main crypto’s price will decline in the nearest future. You don’t need to open your order at once as you may use a limit one, at the price that you want.

Another great feature that Quoinex offer to traders is margin trading. Here you can use a kind of a credit in order to open positions. Some think that this type of trading is similar to betting and I can agree with them at some point. However, many traders across the World use this opportunity for many years and they are happy with it as they don’t have to invest all the necessary amount in order to buy this or that crypto.

The leverage varies from X2 to X25 offering to you an opportunity to choose the most comfortable one. However, I would like to warn all the traders that this leverage trading involves risks as you need to comply with margin requirements all the time.

Quoinex trading platform

Before I start describing Quoinex fees, I would like to mention another great feature that you can benefit from using this platform. Quoinex offers mobile platform for all their users. This app allows to make analysis as well as to take trading decisions.

Quoinex trading fees

As far as you know all trading marketplaces take a commission from traders for their positions. Quoinex is not an exclusion from this rule. You need to pay once you open your trades. However, the exchange helps investors to save their money as they have zero fees for the base currency pairs.

What is the base currency? This is BTC + the official currently of your country of residence. For example, if you are coming from one of the European countries, your base currency will be BTC/EUR.

As for the other currency pairs, you need to pay fees, which vary from 0.1 to 0.25 percent depending on what crypto you trade. For ETH the fee is 0.1 percent for example.

Lending opportunities with Quoinex

As I have previously mentioned, traders can use margin feature in order to increase their funds without depositing more. Quoinex offer lending feature for all clients. Everybody can take a loan on the platform and use it for trading purposes.

All offers are different as they vary according to their interest rates (calculated on daily basis).

Lending opportunities with Quoinex

There are two status of those offers – opened and closed. The first means the loan is used by a trader. The second means the loan was paid back.

Quoinex pros and cons

Now it is time to underline all the advantages and disadvantages of this exchange. I would like to start with pros. Here they are:

  1. High security level. This factor is important as many traders have already lost their money and digital assets on different trading marketplaces, which are closed already.

  2. Beneficial rates. This aspect helps to attract new traders and investors as they can benefit from better prices. Sometimes clients come to Quoinex as they can conduct arbitrage trading there.

  3. Low fees. Quoinex offer low commissions for the traders.

  4. Professional trading platform. Quoinex offer several tools for professional technical analysis including indicators, chart types, some graphic tools.

  5. Mobile application for iOS and Android.

  6. Several fiat currencies to deposit account and to trade with. You can choose JPY, EUR, USD and some other major currencies to work with.

  7. Free demo account. Yes, Quoinex offer such an opportunity to try their trading platform before creating real account and depositing money. Demo account is fully functional offering the opportunity to train the skills of newcomers.

  8. JFSA Regulation. Quoinex has the Japanese FSA license meaning the company is reliable and works in compliance with strict regulatory requirements.

  9. Trader’s API. Allows clients to get access to the key features of the trading platform.

As for the disadvantages, they are the following:

  1. The website has only two localizations. You can use it in English or in Japanese. I don’t think that this disadvantage is crucial, but many leading trading platforms have several localizations already.

  2. Some traders say that the commission for fiat money withdrawal is huge. I would say that it is normal as those fees are naturally higher that the commissions that you have when dealing with cryptocurrencies.

  3. Lack of cryptocurrencies. Quoinex offer several major cryptos including BTC, ETH, QASH (inner cryptocurrency exchange token) and some others.

Final words

I think that Quoinex worth attention of traders. This exchange has many important and interesting features that make trading even more beneficial. Moreover, the trading platform is regulated by one of the strictest authority in the World.

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