https://localbitcoinswiki.com Crypto News Tue, 05 Jul 2022 04:21:41 +0000 en-US hourly 1 https://wordpress.org/?v=6.0

https://localbitcoinswiki.com/swiss-exchange-announces-huge-turnover/ https://localbitcoinswiki.com/swiss-exchange-announces-huge-turnover/#respond Laura Montemayor Tue, 05 Jul 2022 04:21:41 +0000 Crypto News Cryptocurrency Regulation News Exchanges and Brokers (Reviews and News) Price Analysis https://localbitcoinswiki.com/?p=999

The Swiss crypto exchange SIX announced its June 2022 trading metrics on Friday. SIX saw a drop in its trading turnover as it fell to CHF 97.8 billion. That amounted to 10.7% less than what it made in May. The...

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The Swiss crypto exchange SIX announced its June 2022 trading metrics on Friday. SIX saw a drop in its trading turnover as it fell to CHF 97.8 billion. That amounted to 10.7% less than what it made in May.

The Advantage of Quantity

The number of trades on the platform was 4,919,123. It is a 10.6% drop in comparison with activities in May. The exchange said that the highest daily turnover was on the 17 th of June.

For the first half of 2022, the exchange said it saw some marginal increase. The platform testified to seeing a 1.6% increase against the same time in 2021.

In its publication, the platform highlighted some of its strides and ebbs. It said its total turnover trade in the first half of 2022 reached CHF 705.6 billion. It amounted to more than 1.6% of what it did in 2021 first half.

The publication singled out the 17 th of June as the highest single day of turnover. That day saw trading to the tune of CHF 9.9 billion. Whereas the highest trading day was on the 16 th with 325,208.

The stock responsible for the highest turnover was NESTLE N bringing in CHF 9.7 billion. It was equally the most traded stock having 284,360 deals on it.

SIX Swiss Exchange got a new trading participant on its platform in May.  Virtu ITG Europe Limited was the new participant.

Crypto Products

The global interest in having digital assets increased sharply in the first half. In spite of the market’s decline, crypto exchanges saw a decent increase. Their overall trading volumes in the past six months

In June, SIX crypto-asset turnovers hit up to CHF 170.5 million. Overall, there were 201 products traded over 13,562 deals.

The highest turnover on record was by AETH which is an ETP on Ethereum. It earned CHF 22.4 million. AETH also recorded the most transactions with 2,745 deals.

Some other crypto exchanges have not been so lucky as they bare the heat. Exchanges have had cause to halt withdrawals on their platforms for the time being.

Since Terra’s ecosystem collapsed, funds have been unceremoniously pulled out of other exchanges. The macro economic issues associated with the woes in the crypto market are still active.

Issues like the Ukrainian war is causing energy costs to rise unbearably. Reduced industrial activities in China as a result of COVID should not also be overlooked.

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https://localbitcoinswiki.com/richest-btc-whale-spends-102m-to-accumulate/ https://localbitcoinswiki.com/richest-btc-whale-spends-102m-to-accumulate/#respond Laura Montemayor Mon, 04 Jul 2022 17:45:57 +0000 Bitcoin (BTC) News Crypto News Exchanges and Brokers (Reviews and News) Price Analysis https://localbitcoinswiki.com/?p=996

While the crypto market continues to bleed out, the rich seem to be accumulating. The richest personal Bitcoin wallet has been reported to be in such a phase. Whales Get Bigger The personal wallet in question is just third place...

The post Richest BTC Whale Spends $102m to Accumulate first appeared on Local Bitcoins Wiki .

While the crypto market continues to bleed out, the rich seem to be accumulating. The richest personal Bitcoin wallet has been reported to be in such a phase.

Whales Get Bigger

The personal wallet in question is just third place behind two exchange wallets. According to reports, it purchased 4,816 BTC in the course of the past month. The owner reportedly spent $102,000,000 on the project.

At the beginning of June, the personal Bitcoin wallet was holding 127,873 BTC. Meanwhile, in the course of the month, it made many Bitcoin purchases. The purchases were at various prices, as expected.

It was observed that there was just one withdrawal from the wallet throughout the period. That brought the total holding in the wallet to 132,189 by the end of June. The total asset worth currently stands at $2.53 billion.

At the time of this report, the wallet had made its most recent purchase. The whale wallet has purchased another 186 BTC valued at $3.58 million.

It has purchased 601 and 815 BTC in two separate deals in a few days. Both purchases were valued at $11.31 million and 16.94 million in that order. There were other purchases in June ranging from 36 to 488 BTC per deal.

The whale wallet made only one sale in the month of June. It sold 500 BTC valued at $15,062 at the time.

Smaller Wallets are not Left Out

Bitcoin sold for about $30,000 at the beginning of June. It is down to $19,222 as it lost over 5% in the last 24 hours.

Last month, IntoTheBlock reported that there has been an increase in the number of giga-whales. It said the statistics got to a new record high. Meaning that the number of wallets holding over 100,000 BTC has jumped.

It added further that more than 776,000 BTC are held by just 5 wallets. Each of them has more than 100,000 BTC in their possession. They have equally grown by more than 16% in the last 30 days.

IntoTheBlock noted further that smallholder BTC wallets are accumulating too. It said they are cumulating aggressively. Addresses with less than 1 BTC have been added to their holdings this year.

In the platform’s observation, it has been at a remarkable rate. They have added up to 113,884 BTC since the 1 st of January.

The post Richest BTC Whale Spends $102m to Accumulate first appeared on Local Bitcoins Wiki .

https://localbitcoinswiki.com/bank-of-russia-to-legalize-crypto-mining-on-a-condition/ https://localbitcoinswiki.com/bank-of-russia-to-legalize-crypto-mining-on-a-condition/#respond Laura Montemayor Mon, 04 Jul 2022 14:24:22 +0000 Crypto News Cryptocurrency Regulation News Exchanges and Brokers (Reviews and News) https://localbitcoinswiki.com/?p=994

Russia’s central bank is about to give permission to mine cryptocurrencies in the country. The proviso is that proceeds from the mining are converted into fiats currencies outside Russia. The latest development came after the bank relaxed its position on...

The post Bank of Russia to Legalize Crypto Mining on a Condition first appeared on Local Bitcoins Wiki .

Russia’s central bank is about to give permission to mine cryptocurrencies in the country. The proviso is that proceeds from the mining are converted into fiats currencies outside Russia. The latest development came after the bank relaxed its position on cryptocurrency usage.

The Central Bank Gives Its Nod to Legalizing Crypto Mining

Russian miners are now obliged to sell any coin they mine outside the country. This is the new monetary policy condition attached to crypto activities. It was announced by the Head of the Financial Technologies Department, Kirill Pronin.

The Bank of Russia is at the forefront of talks about the fate of crypto. It had once suggested a complete ban on all crypto activities early in the year. Its position is now changing due to opposition from other agencies of the Russian government.

Another important factor that influenced the bank’s shift is the international sanctions against Russia. The bank has been dealing with financial sanctions from Western countries over the Ukraine war.

The central bank’s Governor, Elvira Nabiullina gave a clue about this last month. She said there can be permission for cryptocurrency payments. The standing condition is that it does not penetrate the Russian economic system.

It was then she mentioned that currencies like Bitcoin shouldn’t be traded on Russian platforms. Her reason is that that asset class is volatile and too risky for investors.

Proper Clarity in Regulations

Pronin spoke at the St. Petersberg International Legal Forum. He stated that crypto mining is not in the purview of the central bank. Yet, it is one of the ways that the digital asset class can be acquired. It is like getting fees over validating crypto transactions carried out by miners.

He said further that the legalization of mining is up for discussion. However, some conditions must be met, Interfax quoted him.

The Director of Financial Policy at the Finance Ministry, Ivan Chebeskov, stated his view. He said some crypto miners in Russia have faced restrictions in fund withdrawal. His suggestion is for Russia to create its own exchange infrastructure to make liquidity available.

Kirill Pronin made it clear, however, that crypto minted in Russia should be sold outside. The assets are not to be accumulated within the borders. The idea is to avoid the possibility of having crypto used for domestic transactions.

The latest bill On Digital Currency is one of the ways to regulate crypto. A bill to regulate mining in Russia was sent to the Duma in April.

The lower chamber of Russia’s parliament suggested recognizing crypto mining as a business activity. It will classify it as a sector that uses Russia’s information systems and equipment.

The post Bank of Russia to Legalize Crypto Mining on a Condition first appeared on Local Bitcoins Wiki .

https://localbitcoinswiki.com/coinbase-plans-retailers-on-its-first-bitcoin-derivatives/ https://localbitcoinswiki.com/coinbase-plans-retailers-on-its-first-bitcoin-derivatives/#respond Laura Montemayor Sat, 25 Jun 2022 16:28:10 +0000 Bitcoin (BTC) News Crypto News Cryptocurrency Regulation News Exchanges and Brokers (Reviews and News) https://localbitcoinswiki.com/?p=965

The former FairX now known as Coinbase Derivative Exchange is planning its first crypto derivatives. The products are said to launch on the 27th of June. It is going to be a nano Bitcoin contract with retailers as its target....

The post Coinbase Plans Retailers on Its First Bitcoin Derivatives first appeared on Local Bitcoins Wiki .

The former FairX now known as Coinbase Derivative Exchange is planning its first crypto derivatives. The products are said to launch on the 27 th of June. It is going to be a nano Bitcoin contract with retailers as its target.

A Brighter Look into the Future

The announcement said that the firm’s BIT Futures aims to give the same benefits as future contracts. The difference here is that it has retailers as its core focus.

The token is 1/100 the size of one Bitcoin. It, therefore, needs less capital than what obtains with conservative futures. It also provides an actual opportunity for the significant growth of retail involvement.

The US market with regulated crypto futures needs such increased participation from retailers. At first, the contract will be made available to be traded by some top brokers. These brokers include Ironbeam, EdgeClear, Tradovate, Stage 5, NinjaTrader, and Optimus Futures.

Some clearing firms will also be able to provide it for trading as well. These include ADMIS, ED&F Man, ABN AMRO, Advantage Futures, Wedbush, and Ironbeam.

While all these are in motion, Coinbase also seeks to have an FCM license. The Futures Commission Merchant license will help it provide margined products straight to clients. The United States operating license will bring the firm in more direct contact with its clients.

Taking Part in the Crypto Asset’s Futures Market

Coinbase has its place as one of the top crypto exchanges in the US. Its plan to have a crypto derivative came also with its acquisition of FairX. It operates as a Designated Contract Markets Futures exchange through the beginning of this year.

The announcement added that the market around crypto derivatives is worth $3 trillion globally. The firm believes that more product introductions would open the vista to significant growth. The same effect is expected of improved accessibility to users.

There are many crypto trading platforms that provide crypto derivatives. Just a few of them operate in the United States as a result of tough regulations.

The recent announcement came on the tail of the Coinbase Pro shutdown. Coinbase Pro was the professional crypto exchange platform for Coinbase. The crypto exchange is equally battling backlash from its community due to recent layoffs.

The public stock price of Coinbase has gone down significantly since it went public. It, however, gained up by over 13% in the course of the last trading session in the US.

The post Coinbase Plans Retailers on Its First Bitcoin Derivatives first appeared on Local Bitcoins Wiki .

https://localbitcoinswiki.com/binance-u-s-introduces-zero-trading-fees-for-four-btc-pairs/ https://localbitcoinswiki.com/binance-u-s-introduces-zero-trading-fees-for-four-btc-pairs/#respond Laura Montemayor Fri, 24 Jun 2022 05:52:38 +0000 Bitcoin (BTC) News Crypto News Exchanges and Brokers (Reviews and News) Price Analysis Stablecoins News https://localbitcoinswiki.com/?p=959

Binance.US has introduced a zero-fee trading option for Americans as part of its competitive strategy. The company is following the footsteps of a popular company, Robinhood. Robinhood introduced a no-fee cryptocurrency trading option in 2018. As stated by Binance.US CEO...

The post Binance U.S. Introduces Zero-Trading Fees For Four BTC Pairs first appeared on Local Bitcoins Wiki .

Binance.US has introduced a zero-fee trading option for Americans as part of its competitive strategy. The company is following the footsteps of a popular company, Robinhood. Robinhood introduced a no-fee cryptocurrency trading option in 2018.

As stated by Binance.US CEO Brian Shroder, this move would attract more users. Also, it is the first U.S. cryptocurrency firm to remove BTC spot trading charges. Also, he noted the firm would not earn from the spread made on charges.

Meanwhile, this recent move mounts more pressure on other crypto firms in the U.S. On Wednesday, the shares of Coinbase fell by 9.71% after the news to $51.91/share.

Presently, the trading fee of Coinbase ranges from 0% to 0.50%. Kraken exchange charges between 0% and 0.26% while FTX.US, 0% to 0.20%. Usually, the charges are based on the currency pair and the trading volume.

Binance.US To Generate Revenue From Alternative Sources

On the 22nd of June, Shroder informed Bloomberg that Binance.US had decided. It would no longer earn a spread for its free-free transactions. Instead, it would generate revenue from alternative sources like its staking service.

According to Shroder, zero fees would create positive reviews and attract more customers. Also, Binance.US plans to add more tokens to the list later on.

Currently, only four BTC trading pairs offer the zero-fee trading option. American assets are free to use the zero-fee on BTC/BUSD, BTC/USD, BTC/USDC, and BTC/USDT.

Binance.US To Release A Tier Pricing Model

Additionally, the firm will be releasing a new pricing model soon. The report says that this model would launch fully in summer. This tier system would have three parts – tiers 0, 1, and 2.

Tier 0 offers free-fee trading on some digital currencies, including BTC pairs. However, tiers 1 and 2 have trading charges based on the asset type.

Furthermore, Binance.US was created in 2019. It is the U.S. arm of the crypto exchange, Binance. It caters mainly to American traders and is independent of the mother company.

It is noteworthy to say that Robinhood was among the earlier founders of zero-fee trading. After Robinhood commenced operation in 2014, this was its major strategy.

Consequently, other online brokerage firms followed suit as more users trooped to Robinhood. Meanwhile, the removal of commission on crypto trading started in 2018.

Although Robinhood does not charge fees, it receives a spread on all transactions. A spread refers to the difference between the sell and buy price for a trading pair.

The post Binance U.S. Introduces Zero-Trading Fees For Four BTC Pairs first appeared on Local Bitcoins Wiki .

https://localbitcoinswiki.com/us-sec-begins-enquiry-into-the-sale-of-binance-bnb-crypto-in-2017/ https://localbitcoinswiki.com/us-sec-begins-enquiry-into-the-sale-of-binance-bnb-crypto-in-2017/#respond Laura Montemayor Tue, 07 Jun 2022 07:27:23 +0000 Binance Coin (BNB) News Crypto News Cryptocurrency Regulation News Exchanges and Brokers (Reviews and News) https://localbitcoinswiki.com/?p=898

Haunted by the Past The BNB Coin which holds fifth place in the ranking of largest cryptocurrencies has gained the attention of the US SEC. The Security and Exchange Commission is finally launching an inquiry into Binance’s activities in 2017....

The post US SEC Begins Enquiry into the Sale of Binance BNB Crypto in 2017 first appeared on Local Bitcoins Wiki .

Haunted by the Past

The BNB Coin which holds fifth place in the ranking of largest cryptocurrencies has gained the attention of the US SEC. The Security and Exchange Commission is finally launching an inquiry into Binance’s activities in 2017. The Commission is investigating if the crypto issuer went against any law in the process of selling its BNB token five years ago.

BNB has become the second crypto asset to be so investigated by the Security Commission after XRP. The latest development might be a very troubling one for Binance. This is especially because it already has pending regulatory challenges around the world and in the US too.

The US SEC has intensified its efforts on enforcing rules on a number of ICOs. The major reason is their fund-raising methods.

Binance said to Bloomberg that it is currently not appropriate to disclose its conversations going on with regulators. Those conversations center around assistance, education, and willing answers to any requests.

The Binance platform said in addition that it will keep engaging with regulators and other authorities in the space. It also said it will keep meeting up with every requirement demanded by regulators. BNB is presently selling low by 7% at $285 with a market capitalization of $46.7 billion.

Is Binance Encountering More Troubles?

Binance as a crypto exchange has been confronting a lot of regulatory problems in the US. Apart from its case with the US SEC, it also has an investigation going on against it by the CFTC, IRS, and the Department of Justice.

Recent data reveals what might have seemed like Binance aiding a money-laundering move to the tune of $2.35 billion. With regard to the latest investigation by the US SEC, there are feeders that the company might not be sued by the Commission. Nevertheless, the company might also get tossed the ordeal of Ripple in a long-drawn trial.

A source mentioned that aside from BNB, the US SEC is equally investigating the possibility of trading misdeeds. This involves insiders in Binance who possibly fixed trades. It is also investigating if Binance.US is properly hived from its other global counterparts.

Another source also stated that the US SEC is gazing at companies that make the market and are associated with Changpeng Zhao, Binance CEO. The Security and Exchange Commission is interested in looking into ownership shares linked with Zhao in the market makers in Binance US.

The post US SEC Begins Enquiry into the Sale of Binance BNB Crypto in 2017 first appeared on Local Bitcoins Wiki .

https://localbitcoinswiki.com/bitcoin-tries-to-get-new-increase-100-sma-remains-significant/ https://localbitcoinswiki.com/bitcoin-tries-to-get-new-increase-100-sma-remains-significant/#respond Laura Montemayor Fri, 03 Jun 2022 10:52:59 +0000 Bitcoin (BTC) News Crypto News Exchanges and Brokers (Reviews and News) Price Analysis https://localbitcoinswiki.com/?p=874

Bitcoin began a recovery series from the $29,350 area. The price is currently selling at just under the $31,000 area and the 100-hour SMA. A major bearish trend line is now forming with some resistance close to $31,000 hourly. There...

The post Bitcoin Tries to Get New Increase, 100 SMA Remains Significant first appeared on Local Bitcoins Wiki .

Bitcoin began a recovery series from the $29,350 area. The price is currently selling at just under the $31,000 area and the 100-hour SMA. A major bearish trend line is now forming with some resistance close to $31,000 hourly.

There are fears that the BTC/USD decline could return. This is especially if there isn’t a clear move over the $31,000 resistance area.

Bitcoin Gets Back at $30,000

The leading asset’s price first prolonged its fall under the $30,000 support line. But the decline under $29,500 was thankfully limited. A price base was formed close to $29,350 and it began a recovery wave there.

The was, spontaneously, a move over the $30,000 resistance area. The Bitcoin price rose over the 23.6% Fibonacci retracement area of the latest fall. It took off from the $32,400 upward move down to $29,328.

The move even got over the $30,500 resistance area. However, bearish traders got their activities up close to the $31,000 area.

The world’s number one crypto is now selling under the $31,000 area. It is also under the 100-hour simple moving average. It should be noted that there is a bearish trend line coming together close to $31,000.

The bearish trend line appears on the hourly chart relating to the Bitcoin and USD pair. It is equally close to the 50% Fibonacci retracement area of the latest fall. It began from the $32,400 side up to the low point of $29,328.

The closest point of resistance on the increasing side is close to the $30,800 area. After that, the next resistance is close to $31,000 and the 100-hour simple moving average.

A decisive increase over $31,000 resistance might be the beginning of another upside. If that happens, Bitcoin’s price could get to the $32,000 resistance area. The next active point of resistance would be at $32,400.

Is Bitcoin Declining Yet Again?

If by any means, Bitcoin does not conquer the $31,000 resistance area, another fall might begin. The first line of resistance on the declining side is at $30,000.

If the fall persists, the next line of support is close to the $29,350 area. Any further break under the $29,350 line might then trigger a speedy fall. If that scenario plays out, the price of Bitcoin might then be touching the $28,250 support line.

The post Bitcoin Tries to Get New Increase, 100 SMA Remains Significant first appeared on Local Bitcoins Wiki .

https://localbitcoinswiki.com/gm-group/ https://localbitcoinswiki.com/gm-group/#respond William Cook Fri, 25 Mar 2022 04:50:28 +0000 Exchanges and Brokers (Reviews and News) https://localbitcoinswiki.com/?p=109

GM Group Review There are millions of people all over the world who are trading in the financial markets to take advantage of the opportunities they provide. If you are thinking of joining the horde, you just need to find...

The post GM Group Review – Distinguishing Features of the Broker first appeared on Local Bitcoins Wiki .

GM Group Review

There are millions of people all over the world who are trading in the financial markets to take advantage of the opportunities they provide. If you are thinking of joining the horde, you just need to find a good and dependable broker to help you get started. But, this can actually become a challenge because the market appears to be overflowing with options. You should focus on the distinguishing features of a broker to make the right choice and this will bring you to the following GM Group review.

Based in St. Vincent and the Grenadines, Kamuflaz Limited introduced this forex and CFD brokerage for catering to traders from all over the globe. The platform has developed a strong reputation in the market because of its offerings, but you need to know GM Group’s distinguishing features to make a decision. What are they? Let’s check them out:

Effective security protocols

The first feature that helps distinguish GM Group from the sea of brokers in the market are their effective security protocols. They are well-aware of the security risks associated with online trading and have taken steps to mitigate them. You will find that they protect your funds as well your data from cybercriminals.

How? The former they do by maintaining segregated accounts, which means your funds are kept separate from GM Group’s own funds. They are only used for trading activities and this keeps them safe from misappropriation. They also use 256-bit encryption for keeping all your data under wraps.

Most importantly, the KYC (Know-Your-Customer) and AML (Anti-Money Laundering) are also implemented on the GM Group platform, which adds a layer of security because it can mitigate the risk of identity theft, financial fraud, and money laundering.

Profitable trading instruments

Another feature that will help you identify GM Group easily is the range of profitable trading instruments they have added to their offerings. You will find that they have added some of the most profitable instruments from every financial market and this allows you to achieve your financial goals as quickly as possible.

You will be able to diversify your capital as well because GM Group gives you access to multiple markets that can be managed through a single trading account. You can choose instruments from forex, stock, indices, commodities, and cryptocurrencies and find instruments as per your risk tolerance.

Versatile trading platform

One of the most important offerings of a broker is their trading platform, which refers to the trading software you use for trade execution. It is one feature that should be up to the mark to offer you a good experience and you will come to know that GM Group has not made any compromises in this regard. They have developed their own trading platform, which is web-based, so it doesn’t need any downloading or installation.

This makes it easy to access it because you can use it on any device that has a browser. Moreover, the user interface is intuitive, which means you will have no trouble in navigating the trading platform. In addition, it becomes obvious that cutting-edge technology has been used by GM Group for delivering swift trade execution, allowing you to tap into all market movements.

The platform has also been integrated with top trading tools by GM Group to help traders in making smart and profitable decisions. You can use a variety of charts, trading signals, price alerts, risk management tools and get the latest market news as well.

Customer supportive environment

If you are looking for more distinguishing features of GM Group, you can just look at their customer support. It is available 24/5 via phone as well as email and their team is very friendly and professional. Plus, they also have an FAQ section on the website that can give you the answers you need.

Wrapping Up

Keeping these distinguishing features in mind, you can opt for GM Group as your broker and start trading in any financial market.

The post GM Group Review – Distinguishing Features of the Broker first appeared on Local Bitcoins Wiki .

https://localbitcoinswiki.com/greenlinepro/ https://localbitcoinswiki.com/greenlinepro/#respond Eric McGinnis Mon, 21 Mar 2022 16:51:11 +0000 Crypto News Exchanges and Brokers (Reviews and News) https://localbitcoinswiki.com/?p=709

Greenlinepro Review Being clueless about trading when you have never traded before is nothing to be embarrassed of. It does not matter which particular task you are about to perform, when you do something for the first time in life,...

The post Greenlinepro Review – This Is You How Should Be Trading Online first appeared on Local Bitcoins Wiki .

Greenlinepro Review

Being clueless about trading when you have never traded before is nothing to be embarrassed of. It does not matter which particular task you are about to perform, when you do something for the first time in life, it is okay to be unaware of things. However, what you can’t afford is taking steps in the wrong direction and making wrong decisions. These mistakes don’t happen because you don’t know about stuff, but because you are either in a hurry or not in the mood to explore the options that are available to you. So, if you want to trade online, how exactly should you be doing it?

When looking for a new service, it is best that you refer to the reviews and feedback from other people who have already tried those services. There is nothing more valuable than hearing someone else’s experience with a company to decide whether or not you want to sign up with it. That’s what I am about to do here. I am going to tell you about Greenlinepro, which is one of the hundreds of online platforms where you can trade many financial assets. This company is doing what I call justice to trading. It will give you all the opportunities to grow as a trader and achieve your financial goals.

It is not that I have been with it since forever, but whatever time I have spent trading with this company has been the best trading time of my life. Will you feel the same when you sign up with Greenlinepro? Well, let’s find out in this detailed review.

No Worries of Your Security and Safety

You don’t have to worry about your security and safety when you sign up with this firm. I do have to admit that with other companies, I was never that comfortable. Why? Well, they did not have the most obvious security measures in place that could protect me and the information that I provided to them on their websites. So, here are some security measures that you can admire from Greenlinepro.

KYC

KYC stands for Know Your Customer, and it is the responsibility of every online company to make sure that they know who their customers are. Why do they have to know their customers? Well, don’t you want to see the faces of the people who come to your store? Don’t you want to know the people who mean something in your life? What if you met everyone while their faces were hidden? You would never know if you are meeting the same person again or not. In the case of online trading, all the traders have to provide their personal identification information when they sign up.

This information is there for you to be a unique person/trader with the online company that’s providing you with trading services. Once you have provided your personal details, no one else can pretend to be you and use your stolen information on the website. Do keep in mind that the information that you have to provide on the website includes your identification card, utility bills, and the pictures of these documents.

AML

This is yet another policy that is in place only to prevent the wrong people from signing up with the broker. So, while you are doing your best to make money through legal trading, there are some people who want to use online platforms only to store the money that they have stolen from their people and nations. These people snatch money from their country’s systems and then look for places where they can hide this money. Online trading platforms can prove to be great places for them to hide all of that money unless the online company has the AML policy in place.

When the firm has AML policy in place, it requires every trader to provide their banking information in the form of pictures. In addition to that, every trader has to use the same account for depositing and withdrawing funds. Not to mention, it should only be an account that has their name on it. If you try to use an account on which there is the name of some other person, Greenlinepro will not accept it.

Encryption

Encryption comes into the pictures when you are looking for a way to protect your information. So, at this point, you definitely know that you have to provide some personal and banking information on the website when you sign up. You can’t just provide this information without worrying about it being leaked to some unauthorized persons. So, what you want to make sure is that you sign up with a trading services provider that has proper encryption in place. Encryption ensures that your data gets converted into a code that no one can understand or steal from the system.

Once the information you have provided has been encrypted, you can be sure that no one will steal it from the broker or any other platform. Just an advice for you; don’t just look for encryption on the website of online trading platforms. You should look for this particular feature no matter which website you are on. If you are required to enter your information on the website, it better have encryption in place.

Funds Segregation

This is the last part of the security that you need from the company you sign up with. I have to tell you that the segregation of funds tells you a lot about the people who you are trading with. So, think about it, if you have a company, would you mix your personal money with the money of your employees? If no, then you would not appreciate if the company that’s providing you with trading services is mixing your money with its own money. When you sign up with the right people, you don’t have to worry about this particular issue.

You have Greenlinepro putting your money into segregated accounts. These accounts are there only for you and the money that you deposit in your online trading account. The best thing is that the banks that have your deposits are some only regulated banks that really take care of your trading money well.

Many Assets and Many Markets

It is your choice to sign up with the company that you prefer. If you want to limit yourself to a particular trading asset, you can do so by signing up with a firm that provides you with the trading of that particular asset only. However, if you are like most other modern traders, you would want to be in many financial markets at the same time. That’s when I have to say you are going to love the asset index from Greenlinepro. So, let’s take a look at some of the assets that you can trade when you are signed up with Greenlinepro.

Commodities

This is the category that you are going to love the most. If you are a new trader, I highly recommend that you check out the assets that are included in this particular market. Firstly, this is the only category in which you will find many different types of assets. For example, you can find precious metals, such as gold, silver, platinum, copper, palladium, etc. when you are in this market. In addition to that, you can also take advantage of some agricultural assets, such as coffee beans, cocoa, orange juice, wheat, sugar, etc. Last but not least, this same asset category will offer you the opportunity to trade energies as well.

Indices

Over the course of time, humans have found many different ways to make money. When it comes to trading, you can trade the same assets in a variety of ways. In the case of indices, you will be trading stocks from many different companies. However, you will not be trading stocks from one company at a time. The indices that you are trading reflect the value of many different assets from many different companies. If you are interested in this format of trading, you can definitely do that when you sign up with Greenlinepro.

Stocks

Not everyone is interested in trading many different stocks at the same time. Sometimes, you just want to trade the stocks of the company that you have been following for many years. There is no doubt that the companies that you have been following for years are the easiest for you to predict, as in which direction their stocks will go. So, when it comes to trading stocks, you can access a variety of companies from many different parts of the world. If you want to trade stocks separately, you will be able to do that with Greenlinepro and get your hands on stocks from companies like Google, Microsoft, Yahoo, Amazon, Tesla, etc.

Forex Currency Pairs

These are the best assets that you can trade at any given time. I have to tell you that despite there being a variety of financial markets, none comes even close to the forex market. This is the biggest market in the world and also the most active ones out there. If you are interested in trading currency pairs, then you should be a part of this market. Of course, you have to keep in mind that these assets and all of the above that I have mentioned so are traded in the form of CFDs when you sign up with Greenlinepro.

What you are going to admire about trading forex with Greenlinepro is that you will have access to a variety of forex currency pairs. You will not be limited to only the ones that have the USD in them. If you are interested in minor and exotic currency pairs, I can’t recommend you a place better than this trading platform.

Customer Support That Really Cares

When you sign up with some company on the internet, you have to know that they have some great customer support as well. I have been with different types of trading platforms over the course of many years. You can learn from my experience of signing up with many different brokers on the internet. All I can say is one thing that if you don’t pay attention to the customer support of the company, you will regret later. Just because things are fine in the beginning does not mean they will always be fine.

Things can go wrong in a variety of ways. However, it’s when things go wrong that you are able to find out how good or bad the trading platform is. In this particular case, I am sure you will not feel that you have been deserted by the company that you signed up with for trading. Greenlinepro will provide you with all the care you need in a way that you can appreciate. Let me highlight a few great points about the customer support of this company.

Live Chat Support on the Web

You might be surprised to know this particular aspect, but it is true. I have to tell you that customer support is the most important thing that you should consider no matter what type of service or product you are about to use. There was a time when I signed up with a company that I thought was the best in the world at that time. However, I did not know when things went bad with the trading platform. Well, I have to say that the problems were not really that big. Things got worse when I was not given the support that I was looking for.

In the case of Greenlinepro, I have to tell you that the customer support that you are getting is the best in the industry. You will have customer support right on the website of the company. You will be greeted on the website by an agent who is willing to answer all your questions as soon as you ask them. This is one of the best ways of getting help on your issues. You can just land on the website and get all the help you need without being in long queues or wasting the credit on your cell phone.

24/6 Support

I am pretty sure that this point will not seem very important to you if you are new to trading. I have to bring some enlightenment here for people who think it is all good and nice in the online trading world. So, I have been with many different companies and from those experience, I have learned that you don’t always get the help you need at the right time. In the case of emails, I have seen some companies never replying to their customers. What makes things worse is that they are only available to you during the working days and working hours.

So, if you are trading at night and something goes wrong, there is no way you can get any help from the company. Even if you get help, you will get it when everything is already in its worse state. You will love the customer support from Greenlinepro because these agents are there for you at all times. Other than the Sundays, you will have them there to help you at any time of the day or night throughout the week. So, this way, you can get help when you need it and how you need it.

Expansive FAQs Section

I have never been a fan of frequently asked questions that so many companies put on their websites. There is no inherent problem with having an FAQs section on the website, but what I don’t like is the fact that some companies try to use this as the only means for their traders to get all their questions answered. That’s just not possible. What makes things worse is when these same companies keep their FAQs section short. They usually reply to only the most common questions. If you have a specific issue, you will usually not find any answer to your question.

Again, when you look at the FAQs section on this website, you will notice some difference. I will not hesitate from saying that this is the most detailed frequently asked questions section on any website that I have seen. There are many other brokers that try to cover a lot of different topics only to provide answers to all the questions their traders have. However, I have not seen any other company come even close to what Greenlinepro has to offer on this page.

Educational Material That Helps

The training material from Greenlinepro is probably the most impressive part of this deal. When I signed up with Greenlinepro, I did not consider myself a basic trader. As I have already told you, I had signed up with many other companies in the past. I was roaming on the internet to find the best company that could provide me with unmatched trading services. I have to tell you that the training material from Greenlinepro was what made me sign up with Greenlinepro. Here is what I have to admire about the education that this broker provides on the website.

Lot of Free Help

A lot of the concepts that you have to understand in trading are already there on the website. That’s something I have to admire about only this company because I have not seen any other company provide with this level of education. As soon as you land on the website, you will find a lot of information about the assets that you can trade with the trading services provider. In addition to that, you have a detailed glossary on the website that will define everything to you that is related to trading in any way. This glossary will help you in a lot of ways.

After you have gone through all the definitions that are contained in this glossary, you will be able to understand everything in your training material with ease. That’s exactly what happened to me. Before that, whenever I tried to learn something, the use of jargon and terminologies from the experts confused me. I am not confused anymore, and I think you will not be either.

Videos and Ebooks

It is not a choice from which you will have to pick one. When you sign up with Greenlinepro, you will have both these resources in your access. You can learn from ebooks if that’s the way you prefer. Ebooks can be very detailed, although they can take some time in explaining even the most basic concepts. On the other hand, you have videos that take literally no time in explaining even in the most complex ideas in trading. You have both these resources available to you for free when you sign up with Greenlinepro. Isn’t that something to admire about it?

One-on-One Training Sessions

If you ask me to name one thing that is better than online webinars, I have to name one-on-one training sessions. Before you conclude anything, I have to tell you that you will not get this feature with every online broker. In most cases, you will only learn through webinars. You will have the training material in many other forms, but there is nothing as impressive the training sessions. In these sessions, you are there to learn from only the best experts of the market. You get their personal attention so you learn everything faster than ever before. These training sessions are completely free for you once you sign up with Greenlinepro.

Final Thoughts

So, I am sure that you are clear about the type of trading you will be doing with Greenlinepro. I have seen many other brokers on the internet, but none comes close to the level of service that this company provides you with. It delivers a great performance in making things easy for you while keeping trading profitable for you. It gives you a great trading platform, many tradable assets, and some great education so you can trade just like any other professional trader out there. Do you have a reasons to not sign up with Greenlinepro?

The post Greenlinepro Review – This Is You How Should Be Trading Online first appeared on Local Bitcoins Wiki .

https://localbitcoinswiki.com/hubblebit/ https://localbitcoinswiki.com/hubblebit/#respond Eric McGinnis Fri, 25 Feb 2022 10:04:29 +0000 Exchanges and Brokers (Reviews and News) https://localbitcoinswiki.com/?p=619

HubbleBIT Review When it comes to online trading, you need a network that you can rely on for long-term investing, and that will assist you in reaching your objectives. Every organization will assure you that they will provide outstanding services,...

The post HubbleBIT Review – Is HubbleBIT a Recommended Crypto Broker? first appeared on Local Bitcoins Wiki .

HubbleBIT Review

When it comes to online trading, you need a network that you can rely on for long-term investing, and that will assist you in reaching your objectives. Every organization will assure you that they will provide outstanding services, but the truth may be very different. They may just be bragging about their services with no intention of fulfilling them in order to make money out of your investments. Therefore, rather than just accepting their phrase for it, you should do your own study, and that’s where my HubbleBIT review can help you. HubbleBIT offers many top-notch features which are absent on several brokerage firm.

Why is it so tough to choose a brokerage firm? Even if all it takes is a Google search to get a list of possibilities, you will hear individuals complain about how they perceive broker selection as a significant obstacle. It makes sense, though. It is true that you have a list of brokers to pick from, yet, not all of them are alike. Some are better than others, and picking the better one is perhaps the main challenge.

Almost immediately after the introduction of cryptocurrencies, an avalanche of internet-based dealers appeared to serve the market. It goes without saying that no one would ever turn down such a great opportunity. There are several agents to pick from, but it is vital to choose which best and the brightest among those that are available.

Because you are basically squandering your information and data, you need a middleman is someone you can put your whole faith. Your brokerage is the one who will support you and guide you through this exciting new chapter in your life. In order to make an educated decision, you must do your research. Making a bad choice in brokers is a certain prescription for catastrophe.

Apart from losing money, you may also get discouraged from participating in a marketplace that is literally brimming with opportunities to make money. For some months, I had been on the lookout for the best broker. I even invested a lot of money in a few of them and sustained a substantial loss as a result. So, the beginning of my journey was really disappointing to me. I was broken and devastated as I lost so much.

HubbleBIT was recommended to me by a colleague, and I am quite thankful to him for his assistance in this matter. Though I was hesitant to invest in it, given my past horrible experiences, HubbleBIT turned out to be a great choice for me. As a consequence of the collapse of my former riches, I was very depressed and believed that I’d never be able to return to this world.

HubbleBIT, on the other hand, definitely altered my perspective. I achieved all of my key goals as a result of this program, and it also helped me become a skilled trader who is now well-stable in the realm of currency transactions. It’s probably time for all of you to take advantage of HubbleBIT’s many advantages as well.

As previously said, there is a multitude of brokers functioning in the financial markets, and you must determine which characteristics they must possess in order for you to be able to place your faith in them. HubbleBIT is forex as well as CFD online trader that has done fairly well for itself, ignoring the fact that it is a comparatively recent entrant to the industry. However, the issue to consider is whether or not you can put your faith in this broker. Let’s see what we can find out:

Variety Of Assets

An excellent and compelling cause for you to place your faith in HubbleBIT is the wide range of instruments that they provide. Why? This is due to the fact that they do not only offer a plethora of products to entice you in but genuinely supply you with access and some of the most important marketplaces. It may be quite beneficial since it eliminates the need for you to register with several brokerage firms in order to trade in different markets.

Additionally, HubbleBIT provides you with the opportunity to broaden your holdings, which may lower your risks while increasing your rewards. You will be able to trade on the stock, indices, commodities, FX, and the most popular cryptocurrency. You will be able to choose products based on your risk threshold and investment objectives.

Some companies, on the contrary, only enable you to trade cryptocurrency only, which means you can only buy and sell cryptocurrencies with them. They have simply restricted their options to just cryptocurrencies, and as a result, anybody interested in anything other than cryptocurrencies is unable to invest in them.

When dealing with the HubbleBIT trading platform, you would be fortunate in that there are no limits on the types of assets that you may trade with it. I’m hoping you’re aware of how beneficial this element is. A varied asset index is a key selling feature since it significantly reduces your chance of losing your investments while simultaneously increasing your returns.

Consider the following scenario: You have chosen to invest your money in both CFDs and cryptocurrencies at the same time. One day, you find that the value of the CFD market has declined whilst the value of the cryptocurrency has increased.

You see, if you had solely invested in CFDs, you might have suffered catastrophic financial losses as a consequence of the devaluation, but your strategy of diversification protected you from such a fate. The opportunity to increase the size of your asset index is quite beneficial, and the broker that offers you this incredible tool is unquestionably the finest. You would get all you want from a single platform; there would be no need to invest on various sites and worry about your assets all over the place.

Because of HubbleBIT’s comprehensive asset index, you’ll be able to buy and sell cryptocurrencies, forex trading pairings, commodities, stocks, and even indices in addition to traditional financial instruments. This allows you to invest in your favourite financial system and develop your wealth in ways you have never done before. The best aspect is that you may apply for many opportunities at the same time. It does not rule out the possibility of trading indices if you are an FX trader. You have the option to trade in two utterly distinct asset indexes at the same time anytime you desire. You need to consider your risk threshold and your budget, and you are all set to trade.

Safe And Secure Trading Infrastructure

When hunting for a broker on the internet, you should always be cautious about the security measures in place to protect your personal information. For many years, the internet has been a popular target for financial scammers, and electronic retailing will be no exception. The best way to avoid becoming a victim is to only do business with reputable organizations, which includes those that have put in place appropriate safeguards to prevent their customers from being exploited by specific internet-based crimes, such as those outlined before.

Furthermore, since you are effectively rewarding your agent or broker with time and money, it is, in fact, its fundamental responsibility to protect you in each and every situation. When you sign up with an online agency, the broker’s registration application needs you to supply personal information such as your identification documents, permanent address, contact details, account information, and other essential information. If you recognize how confidential is the data that you are entering, I am confident that you understand how crucial this knowledge is and how necessary it would be for such confidential material to be protected to the fullest degree feasible.

Because you have chosen HubbleBIT as your primary and long-term big trading buddy, I believe you are making the finest possible decision regarding yourself. The primary reason why I suggest this organization is because it’s so safe and protected, as previously stated. It made sure I was never concerned about my personal information getting into the hands as it laid down so many measures to guarantee my personal safety.

All of the transactions I’ve completed so far have been secure, and there hasn’t been a single instance in which my identity has been compromised. It is outfitted with the most complicated and modern technology available, as well as the most stringent security measures, all of which are intricately integrated throughout the whole network’s design. When it comes to protecting you, HubbleBIT is well accountable and responsible, and they perform well in this respect. They very well understand that you are continually overloaded with your domestic tasks, as well as with other day-to-day commitments, and therefore, they try their best to make trading easier for you.

Because they want to ease any worries you may be having, they’ve put in place a system that is entirely safe, trustworthy, and completely free from the power of internet devils and hackers. Additionally, HubbleBIT complies with the requirements and rules set by international monetary institutions in the financial arrangements, which is very helpful to the company’s investors as they know they are in a safe zone.

As a result, the regulations and processes have been carefully selected to ensure that clients’ identities, property, and money transactions are protected. They have likewise made use of the considerably more modern SSL encrypted connections in order to ensure that communication between the brokerage and the international market remains safe, with no third-party ever gaining access to it. In this way, information and data are safeguarded from unwanted scrutiny and transmission by other organizations.

Apart from that, HubbleBIT pays close attention to its KYC and AML rules, which are among the most important security precautions. In compliance with these requirements, brokers are required to check their clients’ documentation and identification before enrolling them with the network. In hopes of preventing terrorist activities, including such cyber-attacks or asset theft, as well as many other kinds of economic manoeuvres, it is desired that these rules be implemented.

Customers will be requested to provide identification documents as well as evidence of residency when purchasing to ensure true compliance with the regulations named above. It has been shown that account separation is a successful method of securing customer funds, which is why HubbleBIT selected this method of protection too.

Customer funds are held in safe and secure locations at recognized banking institutions. Every asset is only employed for trading purposes, with none of them being used to meet the requirements of the company itself. As you’ll see, all of these precautions are in place solely for the purpose of making your life easier. After taking into consideration all of the incredible levels of safety that HubbleBIT has put in place, I believe you will realize that it is well good enough to justify all of your faith and dedication.

Adaptable Trading Platform

Another key aspect of a brokerage firm to consider is their online trading platform since this is the technology that will be utilized to execute your trading operations on the internet. Brokers are allowed to provide any platform they deem most appropriate from among the many products on the market.

They may design their own trading platform or offer one that is currently available on the market. HubbleBIT, for example, fits under the first category since it developed its trading platform specifically for its users. Yes, you read it right. This firm has specially developed a trading board for its clientele, considering their needs and demands. Purchasing an already made platform is a pretty easy thing, yet making one for your business is the real challenge, and that’s exactly what HubbleBIT has done for its valuable customers.

HubbleBIT’s trading platforms are remarkable not just for their bells and whistles but also for the fact that they provide traders with a wide range of ways through which they can trade, depending on their tastes and requirements. Users may choose between using the standard desktop brokerage account, which should be installed, or even the WebTrader, which can still be reached via a web browser and does not require any installation. Whatever works for you, pick that.

This is a significant advantage because not every brokerage will give you this level of flexibility. Trading platforms include a WebTrader that you connect via your browser, a desktop platform that you download, enabling you to trade from just about any location at any time. So, no matter if you are at home or at work, near the beaches or in the mountains, as long as your internet is working and you have your phone, you can trade.

Any investor, whether rookie or experienced, may benefit from the user-friendly characteristics of each of these systems, which enable them to trade more quickly and thoroughly while still having fun. HubbleBIT has also equipped its trading platforms with a few of the greatest and most valuable tools in order to enhance the overall experience of its consumers. They supply traders with professional advice and also real-time price data, allowing them to stay on top of any and all market swings and volatility.

Real-time visualizations and information may likewise be found on the HubbleBIT networks, together with the most sophisticated analytical tools available, such as automation processes, that would provide excellent results in a short period of time.

Investors get frequent technical indicators, and they have access to the user manager who may help them with their investments. They also provide price alerts and risk management activities on their marketplace, allowing traders to make educated decisions regarding their operations as a result of their efforts.

Due to the fact that trading is unthinkable without it, the trading system is perhaps the most significant thing a broker can supply. The fact that everything takes place because of this software makes it even vital to your trading performance, as explained above. Therefore, the platform you are provided with will have a significant influence on your overall experience. Sluggish or inadequate performance can ruin your encounter, and a competent and up-to-date foundation will be a significant asset.

They have used cutting-edge and advanced instruments in each building block to attain incredible trading speeds. Indeed, the utilization of cutting-edge infrastructure by HubbleBIT enables ultra-fast transactions that are precisely the need of an electronic trading platform. There are no delays, and no latencies-just one click and your work is done in no time.

Conclusion

To ensure that its traders get the most from their platform, HubbleBIT offers a high-tech trading environment that allows them to maximize the amount of money they make. You will get the experience you want, as well as a plethora of tools to assist you in dealing with the situation properly. You may undoubtedly benefit from the services of such a company, regardless of whether you’re a novice or an experienced trader.

It is highly recommended that you should definitely join HubbleBIT if you want to participate in a reliable and pleasant trading environment that offers a wide range of excellent advantages.

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