ONI DEX, a trailblazing decentralized exchange, is proud to announce its launch on multiple blockchains, including GALA Chain, Binance Smart Chain (BSC), and Ethereum. The platform aims to revolutionize the DeFi space by offering a comprehensive ecosystem that includes launchpads, unique earning opportunities, and a dedicated gaming category. Multi-Chain Support and GALA Chain Debut ONI […]
Bitcoin News
Binance Launches High-Yield USDT Earning Program Amid Fierce Market Competition
This week, Binance, the world’s leading crypto exchange by trading volume, announced the introduction of a tether (USDT) earning program with up to a 13% annual percentage yield (APR). Binance’s USDT earn product joins a slew of other digital currency trading platforms offering yield services for stablecoin assets.
Binance Adds New Tether Earning Option With Potential 13% Annual Yield
Binance is offering investors a chance to earn as much as 13% APY with its newest program. But the offer is available for a limited time. The promotion began November 7 and ends November 13, 2023.
“Back by popular demand… you can now earn up to 13% APR with USDT on Binance Earn,” the exchange announced. It emphasized the offer’s “real-time APR,” with rewards accruing and adding up in the user’s Earn wallet every minute.
A variety of exchanges and cryptocurrency businesses have provided rewards on crypto assets for the past three years. Stablecoins such as USDT and USDC are in higher demand than traditional cryptocurrencies like bitcoin (BTC) or ethereum (ETH) and usually offer better rewards.
Recent statistics show Nexo offers a 16% APY for USDT holdings, Youhodler has a 12% yield, and Crypto.com offers up to 6.5% APY for tether. In June, Coinbase announced that customers could receive up to 4% APR from USDC rewards.
The decentralized finance (defi) platform Aave reportedly gives an 8.09% yield on USDT, while Compound has a reported yield of about 5.17%. In addition to the latest USDT earn program, Binance recently introduced rewards for locked TAI and DAI on the Binance Simple Earn platform. Lock-in periods range from 15 to 120 days, but users can choose an early redemption process if needed.
Binance’s Earn service, crypto exchange, and various wallets are valued at about .71 billion at current cryptocurrency exchange rates. USDT comprises 27.87% of Binance’s portfolio, indicating the company holds approximately .75 billion of the leading stablecoin, according to the latest nansen.ai statistics. This means, that out of the 85.73 billion tether in circulation, Binance commands 20.70% of the entire supply.
What do you think about Binance’s latest rewards offering associated with tether? Share your thoughts and opinions about this subject in the comments section below.
Effortless Crypto Earning: How GoMining is Changing the Game
GoMining, a prominent bitcoin mining venture with six years of industry expertise, is commemorating its second anniversary with a significant rebranding. The venture, which oversees substantial bitcoin mining rigs across nine data centers in diverse countries, has been offering reliable and effortless mining infrastructure to users for stable bitcoin profits through its native token and revolutionary NFTs. By prioritizing transparency, GoMining has launched an updated website and mobile app that offers comprehensive details on their products, all with the aim of transforming the entire blockchain industry.
Two Years of Effortless Bitcoin Mining
GoMining, a leading bitcoin mining project with over six years’ experience in the industry, is marking its second anniversary by rebranding its infrastructure. The project, which is run by a team of experts with extensive knowledge of mining, owns and operates large bitcoin mining rigs across nine data centers located in countries such as Kazakhstan, Norway, and the UAE.
For two years now, GoMining has been providing a reliable and hassle-free mining infrastructure that has brought satisfaction and stable bitcoin profits to its customers through two core products: a native token featuring decentralized staking, and aesthetically pleasing bitcoin-mining NFTs.
GoMining (previously known as GMT) has undergone a renaming process to create a more recognizable brand umbrella for all of its projects. According to company CEO Mark Zalan, the new name better reflects the essence of its token and NFT products and helps to avoid confusion with other ventures. “We firmly believe that the blockchain community worldwide needs more clarity and transparency. It has been a core value in all of my previous experiences, and I’m dedicated to maintaining the highest level of openness for GoMining. We understand that our users and stakeholders expect and deserve clear and honest communication, and we’re committed to meeting that expectation,” says Zalan. “We created a brand that is scalable and adaptable to future expansion and developments by the project,” he adds. As per Zalan, leveraging many years of experience in the crypto mining industry has enabled GoMining to develop a vast level of expertise and knowledge of the market, allowing it to provide clients with high-quality services at the lowest costs possible. “We have a proven track record of providing top-notch services to our clients and we’ll continue to use our experience to build trust among our users,’’ he says.
What’s New?
As per Zalan, the primary goal is to emphasize the importance of transparency in their infrastructure. To achieve this, they have launched an updated version of their website and mobile app that provides detailed information on their team’s background, data centers, and products.
Buying NFTs on the marketplace is quick and easy, with just one click using popular payment options like Apple Pay or Google Pay. Once the transaction is completed, the NFTs are automatically sent to your virtual wallet. Customers can also select their preferred payment method based on the available options in their region or country.
GoMining has taken user convenience to the next level by providing a staking reward calculator that automatically calculates profitability based on the amount of funds and the type of staking. This eliminates the need for users to manually calculate their rewards, making it easier than ever to participate in staking programs.
GoMining Token
GoMining Token, the core offering of the project, provides users with two different decentralized staking options: fixed and flexible staking. These staking options offer several reward choices to users, either in Bitcoin or GoMining tokens.
Fixed Staking
Users can freeze their tokens for 3 months at 20% APR and earn rewards in native tokens. They can withdraw or relock their blocked tokens. Fixed staking is the most predictable product for both the company and holders. GMT Token accruals ensure obligation fulfillment even under unfavorable circumstances.
Flexible Staking
Users’ tokens are blocked for 3 months, and they receive daily bitcoin rewards at a floating percentage.
A daily profit in BTC is generated for users throughout the entire staking period after their initial investment. Flexible staking interest rates are subject to various factors, including market conditions for cryptocurrencies, mining equipment market conditions, mining complexity, and the price of Bitcoin.
In order to begin staking, users are required to open and close their own position on the GoMining Staking page to earn staking rewards. Flexible staking carries considerable risks, but it also presents the opportunity for significant rewards.
By staking tokens, holders have the opportunity to both secure and lock their assets. The distribution of staking rewards is guaranteed by the smart contract code of GoMining Staking. The company uses staked tokens as collateral to purchase new equipment, generate mining yields, and pay staking rewards.
GoMining tokens are not only tradable on various exchanges, but also serve as a payment method for purchasing NFTs, game mechanics, and goods on online stores.
NFT
GoMining has launched an innovative NFT project called “NFT by GoMining” that features unique images of mining rigs supported by computing power, setting it apart from other NFT collections. One of the project’s most distinctive features is the opportunity it offers users to mine Bitcoin, which provides a significant advantage over traditional mining methods.
This NFT project additionally eliminates the usual hassles associated with mining, such as the need to buy expensive equipment and pay for high electricity bills, allowing users to enjoy a headache-free mining experience.
GoMining’s infrastructure provides users with two distinct ways to earn rewards.
Solo Mining
Users receive a stable daily mining reward by holding GoMining NFT.
When using solo mining mode, users can earn daily mining rewards by holding onto GoMining NFT. additionally have the opportunity to build their own mining farm, starting with just one mining device and gradually scaling up to more advanced equipment such as storage shelves, immersion baths, containers, and even large data centers. As they progress, users can transition from being a novice miner to the head of a successful mining empire.
Pool Mining
Pool mining is an exciting feature offered by GoMining that allows users to join a unique game based on real pool mining. This game enables users to mine in pools, create communities, and receive additional perks with mining reward multipliers of up to 256x. The game provides a platform for users to come together and collaborate, increasing their chances of earning rewards while having fun.
By participating in pool mining, users can create a community with other players, and the combined mining power of the community will generate more Bitcoin than if they were mining individually.
Overall, the pool mining feature offered by GoMining provides users with a unique and exciting way to participate in bitcoin mining, while also creating a community and earning rewards.
Celebrity Collaborations
GoMining has received support from such notable public figures as undefeated MMA star Khabib Nurmagomedov. The champion has collaborated with the company on a special series of NFTs called the Khabib Collection. This unique collection features images designed with various items associated with Nurmagomedov’s career, such as quotes and other features related to the legend. All of the NFTs in the Khabib Collection are backed by a symbolic 29 TH/s, representing the same number of victories Khabib achieved during his illustrious MMA career.
Holders of Khabib Collection NFTs can potentially gain access to private events hosted by Khabib several times a year or entry into his exclusive club, providing a once-in-a-lifetime opportunity for fans of the MMA superstar. The collaboration between Khabib and GoMining highlights the company’s commitment to working with high-profile individuals and expanding its offerings beyond just traditional mining and staking options.
Bottom Line
GoMining is a company that offers various hassle-free services to its clients, leveraging their vast expertise in the blockchain industry. With a vision of changing the industry and increasing the number of tokens in circulation, the project has made significant progress.
The initial issue of 100,000,000 tokens has risen to 432,936,022 and is planned to reach 10 trillion. The company has paid out 1,610 BTC to its holders, issued 10,000 NFTs, and increased its overall hash power from 100,000 TH/s to 1,252,467.37 TH/s. The primary objective is the mass adoption of their products and changing the perception of the blockchain industry, making it more transparent and accessible. GoMining is poised to make a significant impact in the world of Web3. As they continue to strive for success, their goal is to get listed on top exchanges and build a community of outstanding people and projects in the Web3 world.
As per Zalan, the company’s plan for the next two years is not only to attract as many users as possible, but also to create a strong community of individuals who are interested in blockchain technology. “Our primary objective is to make bitcoin mining simple, and to change the perception of blockchain technology worldwide. We aim to educate and raise awareness about the benefits and use of this technology to create a positive impact on the industry and society as a whole.”
Website available here.
This is a sponsored post. Learn how to reach our audience here. Read disclaimer below.
TC Mediacoin: A Blockchain-based Crypto Economy Where Content Creators Are Offered Freedom, Control & Unlimited Earning Potential
We all know that when it comes to freedom of expression, platforms like YouTube, Instagram, Twitter and alike haven’t always lived up to their promises. The landscape for creators is constantly changing with regard to what can and can’t be expressed, monetizing their content, and adhering to guidelines and rules policed by, well, who really knows?
Therefore, artists, vloggers, influencers and entertainers have much to consider before creating and publishing their work to avoid being demonetized at best, or at worst, banned from a platform altogether, and all that hard work is simply thrown in the trash.
One company led by crypto visionary, Sergey Sevantsyan, believes it has created the perfect platform where creators and influencers are truly free, and able to combine traditional ways of publishing and generating income with new opportunities like earning income from NFTs and crypto investments.
Empowering content creators
TC Mediacoin is a blockchain-based platform that empowers content creators by offering them complete freedom of expression and providing a multitude of ways to earn income rather than trying to control content creators. Here creators choose which content they want to monetize, are free to sell files, videos, create and sell NFTs, earn through coin farming and learn to trade in cryptocurrency.
If you don’t know anything about NFTs, no problem, the company offers a turnkey service to help you create your own and sell them. And, unlike mainstream platforms, here there are no community guidelines, no moderators, and for audiences and followers in particular, no annoying popups or advertising on the platform whatsoever.
The mission
According to the company’s CEO, TC Mediacoin wants to unite the real world with the crypto world and take the fear out of investing in cryptocurrency. To achieve this the company has created its own mini crypto economy based on the already established MC coin, which everything else revolves around.
To ensure this happens it has developed a range of useful products and tools to power this crypto economy, including a debit card program with payment available in both fiat and crypto, a marketplace for products and services, an NFT marketplace, and a soon to be launched crypto exchange.
Education and training
Although content creators can earn on the platform by doing what they do best, the company wants them to maximize their earning potential and also explore new opportunities. So, to help with this, Mediacoin offers free masterclasses on the basics of crypto investing and how to effectively use the platform’s tools and features to their full potential.
After learning the basics, individuals can choose to pay for more advanced lessons offered at the company’s crypto school, taught by industry professionals. In addition, the company offers open presentations and talks about crypto and TC Mediacoin between 2-6 times per week in English, Russian and Spanish languages.
How investing works
Unlike other cryptocurrencies, individuals cannot mine or mint Mediacoin. MC coins can only be obtained through “staking”, which means an individual buying a coin. However, it is possible to invest in the company’s coin farming process and be rewarded for your investment according to tokenomics.
Investing in this process takes time, with it taking between 5-8 years to create a new coin. Remember, this is a long-term investment, you’re buying a stake in the business – therefore, if you want to withdraw your investment early, expect a penalty of around 28%.
However, on the upside, investors in the mining process can expect to receive 10% interest per month on their investment until the mining period is over. And, over this time, the coin’s value should have increased considerably.
The Mediaverse
Mediacoin plans to launch its own web version metaverse by June 2022, where people can learn, earn money and generally hang out and relax. Stars, influencers and followers can all interact together offering creators the opportunity to show off and sell their NFTs. Although June’s version will be in 2D format, a virtual reality version where glasses can be used won’t be far behind.
To help raise awareness and promote everything that’s happening within the platform, TC Mediacoin has introduced an ambassador program, in which individuals can apply to receive a budget for promotional activities. The company hopes to build on its growing community by harnessing the power of its celebrity and influencer investors to maximum effect.
The future?
TC Mediacoin has taken a different approach to build a crypto economy which seems to be gaining a lot of traction. As long as humans are on this planet there will always be demand for content, thus, the company has a firm foundation to build on, unlike many other crypto projects.
Genius Assets Offers Innovative Way Of Earning Passive Income Through Its Platform
One of the most popular ways to earn additional money nowadays is through passive income. This is the type of income that may be made automatically and requires little to no effort to achieve or keep. When the earner puts forth minimal effort to increase their income, this is referred to as progressive passive income. Also, although cryptocurrencies may be thought of as volatile and unpredictable, there is a reason why so many people are actively taking part in this burgeoning industry and why even top companies like Samsung and Nike have gotten involved with innovative topics like the metaverse.
As such, Genius Assets wants everyone to know that by investing in their project, users will be given a great opportunity to benefit and earn passive income. This can be done by expanding the users’ portfolio of assets on which they have chosen to invest, as a larger portfolio would usually increase one’s chances of earning more money.
What is Genius Assets anyway?
As per the whitepaper, Genius Assets may best be understood as a platform that provides access to all kinds of different asset classes. In this industry, many traders wish to diversify their portfolios as much as possible through either their own research or by usually relying on a broker. Genius Assets functions similarly in the sense that it actively assists cryptocurrency enthusiasts in investing in a variety of non-crypto alternatives. The GeniuX token (IUX), which represents a fraction of the value of a user’s investment, underpins the whole ecosystem.
Furthermore, any project would need a capable and determined team spanning several sectors such as crypto, marketing and management, and the Genius Assets team is thus highly experienced and qualified in this regard. Everyone involved with the creation of this platform shares the same goal as other crypto enthusiasts, namely to build a revenue-generating ecosystem for the long run.
Why should anyone care?
Genius Assets has been making a lot of progress and the team has already developed a marketplace, and connected with the blockchain. Not only that, but the platform will also function in a way similar to that of Amazon in terms of real-world assets which are digitally placed inside the blockchain and tokenized and fragmented. Many more developments are expected as the year progresses.
In a nutshell, this could very well be the first time that everyone would be allowed to invest, transact and buy different types of assets at a fraction of the price. To that end, the team is utilizing the most advanced and cutting-edge technology with regard to the platform. In addition, any and all dApps (decentralized applications) which will be developed internally (such as the staking program) will similarly be developed using this kind of advanced technology and sophisticated techniques.
In this way, investors will be given the chance to earn rewards in the form of passive income, secured and guaranteed. They will also be able to have rights on a real-world asset for the first time and own a fraction of it as well.
What about partnerships, achievements and future goals?
Of course, every viable project in this space must establish key strategic collaborations. Genius Assets is no exception to this, as Chainlink is a prominent name that the team is happy to work with come the end of this year and the start of 2023, and the CCIP technology will be useful as Genius Assets can use the data verification model to place their offline (real data) into the blockchain.
In terms of past accomplishments, the team successfully switched from a white-label platform to that of an in-house constructed platform that also features automatized processes. Additionally, they were able to list the first Fractional Ownership Project on the platform with no problems whatsoever.
Regarding goals for the next 12 months, the Genius team will focus on launching their utility token and listing it on various reputable centralized and decentralized exchanges, launching the staking program, selling the Fractional Ownership Project, onboarding institutional clients, forming a framework for asset sellers to successfully be able to list their respective assets on the platform and sell them via the community, establishing a partnership with Chainlink as previously mentioned in order to move the IUX token (which is the unique payments method for the marketplace and is used for participation in Fractional Ownership Projects and serves as payment of the rewards which are in the form of dividends) from Ethereum to Chainlink’s network, and finally launching the official Genius Assets app.
Needless to say, there is plenty to look forward to as far as Genius Assets is concerned.
Three Emerging NFT Platforms That Offer Yield Earning Programs
Non-Fungible Tokens (NFTs) have taken over the web3 space. Their popularity is second to none, as web3 enthusiasts have created an industry that has taken the world by storm. Use-cases have shifted from purely digital art marketplaces to certificates and even yield earnings. Digital art still dominates NFT uses. That will change. The Decentralized Finance (DeFi) space has figured out that NFTs have many product use-cases within the industry.
NFTs get used as assets on several DeFi platforms. Before now, fungible tokens, stablecoins, and other digital assets reigned supreme. The entrée of NFTs has changed the game because of their unique nature.
Here are a few yield-earning NFT platforms that will rock 2022 and beyond.
Drops Offers Permissionless NFT Lending Pools And More
Recently launched NFT lending pool Drops has taken things up a notch and created permissionless lending pools. The basic idea behind Drops is to allow DeFi token and NFT holders to gain access to liquidity rather than for NFTs to sit idly in user wallets. Different NFTs used for collateral range from collectibles, gaming NFTs to financial NFTs. The NFT space goes through illiquid phases because of sales pressure. It has led to bubble-like behavior in the NFT space that occurs periodically.
As a result, many users get stuck with their NFTs without selling them at their desired timelines. Drops provides a way out for collectible and financial NFT owners by giving them access to permissionless yield pools where they offer their NFTs as collateral.
The great thing about this feature is there is no approval process required for getting access to the loans. The Drop token (DOP) enables governance within the Drop’s Decentralized Autonomous Organization (DAO). Access to the pool yields occurs once users connect to the DApp.
Izumi Finance Solves Issues With Uniswap’s V3 Finance NFTs
Izumi Finance, the multi-protocol programmable liquidity finance “Liquidity as a Service” (LaaS) platform, enables DeFi users to deposit their Uniswap LP NFTs on the Izumi protocol.
The Izumi Finance ecosystem enables liquidity mining from different chains and increases yield optimization. It allows users to increase the returns on their LP NFTs efficiently while allowing users the flexibility of earning on Uniswap v3. As the first protocol that supports Uniswap V3, Izumi Finance has taken the bull by the horns and created a new paradigm of operations for liquidity mining in the DeFi space.
Izumi Finance deploys the use of its iZi tokens to improve marketplace efficiency. By connecting providers (DeFi projects) with liquidity providers, Izumi Finance enables an environment where the ordered distribution of yields is available to liquidity providers. This approach, for LP NFTs, has raised the bar and created a new perspective on liquidity mining. Izumi Finance takes things to a whole new level and solves the problem of impermanent loss.
Uniswap V3 Allows Users to Stake LP NFTs
Uniswap V3 launched last year, but with a twist. Rather than allow users to deploy their DeFi tokens to gain yields, LP NFTs get minted, and yields get earned on each minted NFT. Users deploy the LP NFTs to access pools available within the Uniswap V3 D’App.
Although Uniswap V2 is still available, users piqued by the idea of having a yield-generating financial NFT have flocked to the platform and staked their Uniswap LP NFTs. As the cryptocurrency space increases in value and prices of Smart Contract capable blockchains like Ethereum rise, yields shall improve with efficient models gaining ground.
Will Yield-Earning NFTs Gain Adoption in 2022 and Beyond?
With a renewed interest in financial NFTs, many DeFi users wonder if yield-earning NFTs will become popular. Skeptics think these kinds of financial NFTs are complicated and present many problems.
Because of the unique nature of NFTs, the DeFi space will see new NFT platforms that offer yield generation at fair or even increased rates. The rarity of each NFT determines the value generated and the potential yields.
It shall become another niche product that produces higher yields as each unique circumstance governing every minted NFT determines the outcome yield-wise.
The new products made possible by these platforms will spur further adoption of web3 technologies. It is one more plus for the industry.
Image: Source
CAKEnergy.finance – The Best Game With the Possibility of Earning Money on Binance Smart Chain
The emergence of cryptocurrencies has given a lot of opportunities for people, uniting populations all over the world, helping people to create communities, to interact with each other, and at the same time to earn money.
Cryptocurrencies have been widely used and distributed around the world, acting as an alternative to the existing monetary system. Now digital assets are actively applied in all spheres of activity.
They did not bypass the gaming sphere either. Games already have large user communities, and the opportunity to earn money makes games not only interesting and exciting but also profitable.
Such a game was created by CAKEnergy.finance, providing users with not only an interesting but also a very profitable product.
POWER is the in-game currency of the platform, which brings profit to all participants. By exchanging CAKE for POWER, players get resources for their factory, increasing their daily profit. Your earnings depend only on you and on the strategy you choose.
The game economy allows players to develop their own earning strategy in order to overtake other participants and to achieve the best results. But that’s not all. There are various incentive measures that will help you to earn even more money.
For those who want to increase their income, a VIP account is provided. It gives players premium status, accelerates their achievements in the game and allows users to increase the capacity of their factories in the shortest possible time. The price of a VIP account depends on the total capacity of the factory.
To increase your income CAKEnergy.finance has created a lottery. For each of their actions, players receive additional points that are used in the lottery. Once every 6 hours, 1 winner is selected, who receives 90% of the lottery pot. The more points you have, the higher the chance of winning.
CAKEnergy.finance uses the Binance Smart Chain blockchain to ensure the greatest transparency of the game and increase user confidence in the economy of the gameplay.
The presence of a blockchain allows for full transparency in the organization of the lottery and the publication of its results. Everything is fair and transparent.
For those who want to earn more by promoting the benefits of the CAKEnergy.finance game around the world, a multi-level referral system is provided. It allows you to receive 5% – 2.5% – 0.5% from deposits of your partners
For CAKEnergy.finance, safety is of paramount importance. The platform of the game is absolutely safe and has passed all checks and audits.
The main project, BNBEnergy.finance has been audited by hazesecurity (https://hazecrypto.net/audit/bnbenergy) and CertiK (https://www.certik.com/projects/bnb-energy).
The team has created a game not only interesting and exciting but also profitable and honest, where everyone can earn depending on the chosen game strategy, being sure that everything on the platform is honest and transparent.
Join CAKEnergy.finance to earn money on modern technologies and use all the opportunities they offer.
Earning Interest on Crypto & Fiat Has Never Been Easier as Nexo Offers Passive Income of up to 12%
Nexo, the trusted digital assets institution that was the first to introduce lending services to the crypto sector has surpassed many traditional investment instruments by also offering high yield returns in the form of daily interest payouts. Offering up to 12% passive income on its Earn on Crypto & Fiat product, Nexo has proven that the crypto sector is not only catching up to mainstream finance but also outperforming it.
The consistently poor yields of traditional financial instruments don’t come as a surprise. In recent times, as the world attempts to recover from the economic slowdown, resulting from the COVID-19 pandemic, interest rates are at an all-time low. Even treasury bonds – once a guarantee for stable returns – are now faltering.
The shifting trend hasn’t gone unnoticed and was recently pointed out by billionaire investor Warren Buffett. Calling the returns on 10-year Treasury bonds “pathetic”, Buffett said that low yields, combined with negative interest rates set by the central banks of some of the leading economies are pushing investors towards risky behavior by encouraging them to shift their purchases to bonds backed by shaky borrowers.
His words from Berkshire Hathaway’s annual letter to shareholders were quoted by leading news publications saying, “Risky loans, however, are not the answer to inadequate interest rates. Three decades ago, the once-mighty savings and loan industry destroyed itself, partly by ignoring that maxim,” Further adding, “Fixed-income investors worldwide – whether pension funds, insurance companies or retirees – face a bleak future.”
Earn up to 12% Interest, Effortlessly
Nexo is among a handful of platforms to have successfully bridged the gap between crypto and fiat economies. The platform offers a range of instruments to enable the efficient use of funds by its million-strong user base. Fueled by the native NEXO Token, the platform offers a full-fledged suite of financial services, including an exchange with more than 100 crypto and fiat currency pairs, a secure wallet with 5m insurance on custodial assets, crypto-backed credit cards, and a lending platform capable of issuing loans at attractive interest rates in under 3 minutes. The similarities between a conventional banking and crypto platform are not complete without passive income accounts, which is where the Earn on Crypto & Fiat suite comes into play.
Earn on Crypto & Fiat allows users to enjoy returns on their digital and fiat assets. This account type provides users with two different options – Flex Terms and Fixed Terms. While the Flex Terms option offers much greater flexibility by allowing users to deposit and withdraw at any time to earn an interest of up to 8%, the Fixed Terms option offers a higher interest rate of 8% on crypto and up to 12% on fiat and stablecoins.
To get started, all one must do is transfer any supported cryptocurrencies, EUR or GBP from an exchange, wallet, or bank account to the Nexo platform and select Fixed Terms for the duration of one or three months. Following the completion of these steps, the platform will start generating returns on the funds, to be paid out in bulk at the end of the term. By holding 10% of their portfolio value in NEXO Tokens, users can get the maximum yield of 12% interest per year as well as other Loyalty Program perks.
Forget Interest, Just Holding NEXO is Enough for Great Returns
The success of Nexo as a fintech platform is reflected in the rising value of the NEXO Token. While the whole world was focused on Bitcoin’s bull run that witnessed around 444% appreciation in value over the past six months, NEXO has outperformed most digital assets available in the market to position itself as the 7th best performing altcoin during the period. Trading at around .132 at the beginning of September 2020, NEXO has recorded steady gains to register a price of .75 by the end of March 2021 – a whopping 2000% rise in value. Anyone buying 00 worth of NEXO in September last year would be sitting on a small fortune worth around ,000, something which is unimaginable in a traditional setting.
The value of NEXO is expected to increase further as the platform continues to break barriers and create new milestones in the fintech space. Recently, Nexo hinted about an upcoming fiat integration that is currently in beta testing. Meanwhile, the company continues to contribute towards research and development in the crypto space – a commitment that was reinforced by a 0,000 grant for open-source Bitcoin development.
Nexo has positioned itself as a secure, high-yield investment platform that offers stiff competition to traditional institutions. The regulated platform has over billion in assets under management and caters to more than 1 million users. It implements state-of-the-art security features and never lends on an under-collateralized basis to ensure user privacy and the safety of the funds on the platform. At the current rate of progress, it is poised to influence a much broader community to adopt cryptocurrencies alongside fiat assets for a financially secure future.
Earn Cryptocurrency – Comparing Various Passive and Active Earning Crypto Ways
How to Earn Cryptocurrency in 2021: 5 Popular Ways Compared
Are you looking to earn cryptocurrency in 2021?
You are in the perfect place!
2020 has been an excellent year for crypto, and the industry has been booming in 2021 as well, reaching an almost trillion market cap by the end of January.
Since the space has gone through major changes recently, users can earn digital assets in numerous ways in 2021.
In this article, we have selected and compared the best methods to earn bitcoin this year and completed our calculations to determine the most profitable ones.
As a result, you will be able to pick the right method by the time you reach the end of this guide.
Let’s dive in!
Disclaimer: All our tests are theoretical and based on historical and projected market data. For all our examples, we will use a ,000 investment and calculate how much we can make off it with each method.
What Is the Best Way to Earn Crypto in 2021?
Based on our tests, the most profitable methods to earn crypto rank in the following order:
- Hodling: 1900% ROI with moderate risks and easy difficulty
- Staking: 124.79% ROI with moderate risks and easy difficulty
- Trading: 16.19% ROI with low risks and moderate difficulty
- Lending: 6.98% ROI with low risks and easy difficulty
- Mining: -11.11% ROI with moderate risks and high difficulty
If you are willing to take some risks, holding cryptocurrency for longer periods is an excellent choice, along with staking. As it’s easy to get started, both staking and crypto hodling are beginner-friendly ways to earn digital assets.
For those looking for decreased risks, cryptocurrency trading – without risking too much capital and using stop orders to protect their positions (like in our example) – and lending are excellent strategies.
On the other hand, Bitcoin mining is only worth considering for those with access to cheap electricity or the necessary capital to set up a mining farm.
Based on our results, we believe that holding coins, lending on DeFi platforms, as well as digital asset trading – with a shift to social- and copy-trading, and simplification – will experience increased popularity in 2021.
While staking will remain a favorable option to earn cryptocurrency among users, we expect it to become less popular in the future.
On the other hand, due to the negative and very limited potential for profits as well as the high difficulty to get started, cryptocurrency mining won’t be so popular as before in 2021 and beyond.
In the meantime, we recommend taking a look at Nominex to get started with cryptocurrency trading, holding NMX coins, and digital asset staking.
1. Bitcoin Mining
Risks: Medium
Earning Potential: Very low
Difficulty: Hard
Bitcoin mining is one of the oldest ways to earn crypto.
Cryptocurrencies based on the Proof-of-Work (PoW) consensus mechanism use decentralized blockchain networks in which miners leverage their computing power to maintain the ecosystem.
In exchange for verifying transactions and adding new blocks to the chain, Bitcoin miners receive block rewards and a share of transfer fees.
Bitcoin mining has been a lucrative business model to earn crypto in the past, but its profitability has decreased significantly in recent years.
The mining space has been dominated by large farms that have access to cheap electricity and loans to bulk-order new generation hardware.
Furthermore, the BTC hashrate has been hitting record-high levels lately (which indicates an intense competition between miners), while May’s halvening decreased the rewards from each newly mined block from 12.5 BTC to 6.25 BTC.
For that reason, Bitcoin mining has moderate risks while it can be difficult to get started for new users (as they have to learn how to set up and operate their equipment).
With that said, let’s see how much you can earn from mining Bitcoin in a year.
How to start mining?
To start out, we need to cover some upfront costs to purchase mining hardware. For our example, we will use Bitmain’s Antminer S19 Pro ASIC miner, which has a 110 TH/s hashrate, consumes 3,250 W, and costs ,684 at the current market price.
Based on our budget of ,000, we could buy nearly four S19 Pro miners.
Since that would cost ,736, which exceeds our budget, we will adjust the hashrate and the power consumption to reflect the ,000 investment (the last rig will have a hashrate of 80 TH/s while consuming 2,360 W for ,948).
In addition to our rig, we also have to take the following expenses into account:
- Electricity costs: The costs of the electricity the mining equipment uses when running. We will use the world average of .14/kWh for our example.
- Mining pool fees: The fees mining pools charge for their service. We will use a 2% fee here, which we will deduct from our total revenue.
For our example, we will use BTC.com’s mining calculator.
As a side note, we will utilize the current Bitcoin price to calculate our projected earnings and a difficulty increase of 2% every two weeks.
We used the average for all our rigs’ statistics and inputted them in the calculator (e.g., one miner costs ,500 on average).
As you can see, we only made .95 in 365 days without even deducting the mining pool’s fees, which will provide us with a $-280.5 (,571.2 – 851.70) result.
Furthermore, we didn’t take our mining rig’s costs into account. As new hardware models appear on the market every day, our equipment’s value will decrease over time. Let’s say we are lucky and we can sell each for ,500 (,000 in total) after a year of use.
As a result, our mining operation would provide us with a ,572 loss and a Return on Investment (ROI) of -11.11% (,571 revenue vs. ,143 expense).
However, if we could operate our mining farm from a place with cheap electricity prices, our business could potentially become profitable. For example, with electricity costing .08/kWh, we could make a ,793 profit (,571 revenue vs. ,778 expense) with a 22.6% ROI.
Earn crypto with Trading
Risks: Varies (low in the case of our example)
Earning Potential: Medium
Difficulty: Medium
Cryptocurrency trading refers to the practice in which traders enter into quick, short-term positions to profit on digital asset price movements.
Crypto trading has been around since the industry’s early stages, with excellent products and services built over the years to benefit traders.
As a result, there are plenty of cryptocurrency exchanges where users can trade digital assets.
With that said, we recommend checking out the cryptocurrency trading platform Nominex that allows both beginner and veteran traders to make (potential) profits on the rising digital asset market.
The platform offers demo accounts where users can test their skills and expand their knowledge of the cryptocurrency market, while also providing 10 beginner-friendly video lessons in the Cryptotrading Camp.
Furthermore, users can earn a total of 1,120 USDT and 109 NMX tokens each day by participating in demo trading tournaments without any risks.
The risk level for cryptocurrency trading is based on the strategy users utilize. In our test, we will use only a small part of our capital for each position with stop orders in place to limit our risks. Also, we will only trade on the spot market without any leverage.
Since it’s very hard to predict the ROI of cryptocurrency trading, we will use a fixed model to calculate how much we can earn while trading crypto. For that reason, we have to take the following into account:
- Win/loss ratio: The proportion of trades we win. In this example, we will win 50% and lose the other half of our trades.
- Risk/reward ratio: It shows the potential rewards for every dollar we risk. Here, we will use a 3:1 ratio, meaning that we will gain for every we risk. With every winning trade, we will make 3% and lose 1% for every position where our strategies didn’t work out as expected (before deducting exchange fees).
- Exchange fees: The fees the cryptocurrency exchange charges for each trade we make on the platform. It’s important to note that service providers deduct this cost instantly after entering into a position or exiting one.
- Trading frequency: This refers to how often we make trades. Let’s place 30 trades a month (360 a year).
- Average position size: The average amount we use to enter into a position. Let’s keep this at 0 (5% of our initial capital).
With the above factors, we can calculate our average profits and losses, as well as our total revenue, expenses, and ROI.
Comparing trading fees on exchanges
Compared throughout three different crypto exchanges (Nominex, Binance, Huobi), you can see the results in the following table:
Nominex | Binance | Huobi | |
Trading fees (taker) | 0.1% | 0.1% | 0.2% |
Average trading fees per winning trade | .015 | .015 | .03 |
Average trading fees per lost trade | .995 | .995 | .99 |
Average profits per winning trade | .985 | .985 | .97 |
Average losses per lost trade | .995 | .995 | .99 |
Total income | ,517.3 | ,517.3 | ,334.6 |
Total expense | ,079.1 | ,079.1 | ,258.2 |
Total profit | ,438.2 | ,438.2 | ,076.4 |
ROI | 14.38% | 14.38% | 10.76% |
Trading the native tokens of exchanges
Now let’s see how much we would make when holding the native tokens of each exchange (NMX, BNB, HT) and using them to cover our trading fees (for Huobi, we will hold 500 HT).
Nominex | Binance | Huobi | |
Trading fees (taker) | 0.050% | 0.075% | 0.12% |
Average trading fees per winning trade | .5075 | .7612 | .218 |
Average trading fees per lost trade | .4975 | .7462 | .194 |
Average profits per winning trade | .4925 | .2388 | .782 |
Average losses per lost trade | .4975 | .7462 | .194 |
Total income | ,608.65 | ,562.98 | ,480.76 |
Total expense | 9.55 | ,034.32 | ,114.92 |
Total profit | ,619.1 | ,528.66 | ,365.84 |
ROI | 16.19% | 15.29% | 13.66% |
As you can see, while Huobi provided us the most discounts (since their fees are the highest among the three exchanges), we generated the most profits and the best ROI on Nominex.
Also if you obtain partner level ‘MAX’, Nominex grants the opportunity to trade with 0 commission, which means that ROI will increase even further.
To predict future earnings more precisely as well as expand your skills and knowledge, we recommend testing and implementing multiple trading strategies with Nominex’s demo account.
Since you can use up to 10,000 virtual USDT to trade cryptocurrencies, there are no risks involved.
If you are up for the challenge, be sure to participate in either a demo or a real trading tournament to win USDT and NMX tokens every day.
Hodling Crypto
Risks: Medium
Earning Potential: High
Difficulty: Easy
Similar to the previous methods, “holding” crypto is among the oldest and most popular ways to earn digital assets.
While cryptocurrency trading refers to quick, frequent, and short-term buys and sells, holding or investing in digital assets means a longer commitment for users (ranging from a few months to several years).
With this method, you purchase a cryptocurrency and hold it inside your wallet for moderate to longer periods before selling it.
It’s important to mention that digital assets can be subject to intensive price swings, which can increase the volatility and the risks for investors.
As we can’t provide a precise prediction on future digital asset prices, we will take the historical values of the cryptocurrencies we analyze into account.
In this section, we will show potential earnings (,000 investment) for Bitcoin (BTC) and two exchange tokens: Binance Coin (BNB) and Huobi Token (HT).
As a bonus, we will also show some example calculations for Nominex’s native NMX token, which is being distributed to investors and traders at the moment.
Bitcoin | Binance Coin | Huobi Token | |
Initial price (December 2, 2019) | ,303 | .23 | .88 |
Final price (December 2, 2020) | ,180 | .65 | .03 |
ROI | 162.63% | 101.25% | 39.93% |
Total profits | ,263 | ,124 | ,993 |
The table above clearly shows excellent profits for all three coins, with Bitcoin taking the lead and BNB and HT closely following the cryptocurrency in terms of earnings.
Now let’s see how NMX has performed for early investors in terms of price.
Nominex started the official distribution of NMX in February with an initial value of 0.1 USDT. By now, the cryptocurrency’s price has increased to around 2 USDT, which means a 1900% ROI and 0 000 in profits for early adopters who invested ,000 in the coin in the beginning.
As a result, NMX’s gains outrank the other three cryptocurrencies we have analyzed earlier (in terms of investing).
To learn more about the rewards and potential earnings for holding NMX, we recommend taking a look at the following page on Nominex’s website.
Staking
Risks: Medium
Earning Potential: High
Difficulty: Easy
The Proof-of-Stake (PoS) consensus mechanism is becoming increasingly popular among cryptocurrency projects, especially with the launch of Ethereum 2.0.
Unlike the PoW model, PoS and its variants don’t require validators to leverage their computational power via mining rigs to maintain the blockchain.
Instead, validators lock up a specific amount of their tokens to verify transactions and add new blocks to the chain in a process called staking.
In exchange, stakeholders get rewards on their coins, which allows them to make a passive income (similar to DeFi lending) with the cryptocurrency they hold.
To maximize their chances, stakeholders can join staking pools and services where users combine their tokens to share the profits.
However, contrary to lending stablecoins, staking comes with higher risks for investors as the cryptocurrencies they lock up can be subject to increased price swings and inflation.
For the same reason, crypto enthusiasts have more earning potential with staking as their coins could increase in value while they are locked up.
In our example, we will use TRX for staking, the native token of the highly-scalable, DPoS-based (Delegated Proof-of-Stake) TRON crypto project, which has been widely popular among stakeholders.
Compare staking efficiency
We will compare earnings from TRX staking across three platforms: Nominex, Atomic Wallet, and Staked.
To calculate the projected profits from staking, we have to take the following factors into account:
- APY: The annual interest stakeholders earn on the coins they lock up. This is 9% for Nominex (based on our results from the calculator on the crypto exchange’s website), 5% for Atomic, and 7.9% for Staked.
- Price movements: The increase or decrease in the value of the digital assets users stake. We will base this one on the TRON price changes between December 2, 2019 and December 2, 2020.
- Pool fees: Pools usually charge a percentage-based fee, which they deduct from the profits stakeholders earn. While there are no fees for staking on Atomic, Staked charges a 10% fee, and Nominex uses tiered commissions for its staking service based on the number of NMX coins users hold. For Nominex, we will compare three different fee rates, Starter (10%), Pro (6%), and VIP (3%).
Now let’s see the results!
Staked | Atomic | Nominex Starter | Nominex Pro | Nominex VIP | |
Fees | 10% | 0% | 10% | 6% | 3% |
APY | 7.9% | 5% | 9% | 9% | 9% |
TRX price change (one year) | +100% | +100% | +100% | +100% | +100% |
Total profit | ,422 | ,000 | ,620 | ,692 | ,746 |
Staking ROI | 114.22% | 110% | 116.2% | 116.92% | 117.46% |
As you can see in the above table, despite that it charges no fees for staking TRX, Atomic ranks at the last place in terms of profitability.
On the other hand, Staked secures a second place among service providers, while Nominex offers the best ROI for stakeholders, especially for VIP users.
In addition to all that, Nominex users can obtain rewards for team farming in the referral program and rewards for providing liquidity to the pool by staking NMX LP.
DeFi Lending
Risks: Low
Earning Potential: High
Difficulty: Easy
With the rise of the DeFi industry, cryptocurrency lending has become a reality.
By lending digital assets on DeFi services, users provide liquidity to the platform. In exchange, lenders generate a passive income on the coins they lend.
DeFi lending has gained widespread popularity in the crypto space due to the fact that it comes with minimal risks (especially if one lends stablecoins) while offering much better interests than traditional finance solutions (e.g., savings accounts, government bonds).
In our example, we will compare crypto lending on Compound, Aave, and dYdX for the DAI and USDC stablecoins, using the 30-day average of lending rates to predict our earnings for a one-year investment.
To predict how much we can earn, we have to look at the Annual Percentage Yield (APY) for each coin we lend, which indicates the real rate of return on our investment (ROI).
Compound | Aave | dYdX | |
APY/ROI (DAI) | 3.05% | 4.23% | 6.86% |
APY/ROI (USDC) | 3.67% | 4.87% | 6.98% |
Total profits (DAI) | 5 | 3 | 6 |
Total profits (USDC) | 7 | 7 | 8 |
Providing a nearly 7% ROI to investors, dYdX is the clear winner for both DAI and USDC lending while Aave secures second place and Compound ranks third.
Disclaimer: We would like to emphasize that our examples and tests included in this article are based on simple predictions, and real-world strategies might provide different results. For that reason, we recommend everyone to do their own diligence and keep their risks at a minimum to earn crypto successfully in 2021 and beyond.
Passive ways to earn cryptocurrency in 2021!
Cryptocurrency technology invented several new roles and technical positions such as master nodes, lightning nodes, and even mining nodes that are capable of earning cryptocurrency passively and have an almost regular income. Additionally, in recent years several types of affiliate programs are introduced that users can join to monetize their funds passively, like lending or staking, which are discussed above.
In this section passive ways by which cryptocurrency investors can earn crypto and have a regular income would be introduced. These ways include:
– Mining (discussed above in detail)
– Staking (also discussed above)
– Lending (also discussed above)
– Running a Lightning Node
– Affiliate programs
– Running Masternode
– Taking advantages of forks
– Developing trading bots
Running a lightning network
In recent years several solutions are introduced for the problem of scalability in Bitcoin, Ethereum, and other major cryptocurrencies. Lightning networks include networks of transactions that are not directly applied to the main blockchain, so they are way faster than regular transactions. These networks provide bidirectional channels by which regular daily transactions could be accomplished faster than ordinary payments because they are stored on blockchain layer 2, and not mainnet.
However, this is a technical opportunity for people to run a network of transactions on another layer of blockchain, which provides liquidity as well as receiving transaction fees. What is amazing about this type of earn cryptocurrency is that you don’t even need to look at market news to make money from cryptocurrencies by occupying this status.
Affiliate Programs
Another technical event that offered new opportunities to earn cryptocurrency passively in recent years was the development of new major cryptocurrency exchanges. These enterprises have to manage to join a highly competitive market in which their competitors offered several types of advantages and technical improvements in advance. So new cryptocurrency exchanges try to offer affiliate programs by which they accelerate their growth in various regions of the world. People, social network influencers, and cryptocurrency content networks and communities are potential partners of these exchanges which are targeted by their affiliate programs.
While traders and those who are playing with their funds in the cryptocurrency market should have an active situation against market news and fall or peak of price, cryptocurrency exchanges and individuals joined to their affiliate programs can earn cryptocurrency without directly being under the effects of price changes. Users in these programs are only required to add some new users to the exchange network. However, in many cases, other requirements are having a network of cryptocurrency users with more than 2,000 users and/or being an influencer on social media networks with at least 5,000 followers/subscribers.
However, affiliate programs help those people who are active in various crypto forums and groups to make money by adding new members to a certain exchange customer database. Some of these programs, unlike what you can find on major exchanges like Binance and OKEx, are designed to be easy. While OKEx requires at least 0 purchase from all 10 invited persons to activate an affiliate program for a user, and Binance requires an already existing subscribers channel, Nominex users with only 30USDT can enjoy its affiliate program and earn cryptocurrency passively.
Running Masternode
Decentralized networks require some nodes that act somehow like a server: providing access to the network. These nodes are known as masternodes and are incentivized by various cryptocurrency networks to earn cryptocurrency passively only by providing technical resources for the network’s activity. However, to run a masternode users need to have a large technical investment.
However, with the development of cryptocurrency networks and the emergence of large technical facilities, the masternodes market is becoming harder and harder to join. Since it requires large technical investment and deep knowledge about crypto networks, it is not recommended for all users, particularly newcomers and beginners.
Taking Advantage of Forks
When a hard fork occurs in a traditional cryptocurrency network, users of the old blockchain receive identical amounts of cryptocurrency on the new blockchain. This passive earn cryptocurrency only occurs once in a few years but could provide a relatively large amount of passive income. As you might know, in recent years Bitcoin Cash hard fork provides such an opportunity for Bitcoin users.
To take advantage of this type of event, users should have large amounts of cryptocurrency on the old network before the hard fork takes place. That means only users with enough funds in the right time and place can make the most out of this type of passive earn cryptocurrency. But just consider those whales with thousands of Bitcoins in their wallets when they realized that luckily they own the same amount of Bitcoin Cash to understand how this type of passive income could be sweet!
Developing Trading Bots
Another type of providing passive income that is used by large firms and financial institutions includes developing trading bots that take advantage of many events in the cryptocurrency market. However, it requires a deep knowledge of both technical analysis and financial market mechanisms as well as programming and computer science, which are very unlikely to be found in a single person. Trading bots are simply online software that monitors the market and finds trading opportunities and executes trades according to profitable algorithms. While they sound just like a great opportunity for many programmers and technical analysts to employ such trading bots, their technical details are not so easy and they remain almost exclusively in the hands of large firms with professional technical teams.
However, trading bots are capable of making frequent trades and algorithmic trades with low profits, since they are capable of making more than hundreds and thousands of profitable trades in a single day.
Closing Thoughts
The cryptocurrency market is a new financial market that in the recent decade showed it is not a temporary trend and could be considered as a technical development that will develop in the course of time. Like any other market, the cryptocurrency market provides trading opportunities by which users can earn cryptocurrency and make profits. But it is not the end of the story as several types of roles and statuses are required to run cryptocurrency networks that are incentivized by earning cryptocurrency passively, without the need to participate in market tradings.
In this article of Nominex various types of earning cryptocurrency are explained in detail and evaluated by their different factors. Nominex is a new cryptocurrency exchange platform that provides many opportunities to earn cryptocurrency for its users in different forms. Users can join different types of affiliate programs to enjoy earning cryptocurrency passively.
Image by Miloslav Hamřík from Pixabay
ArbiSmart Wallet: Earning Bitcoin Safely, up to 45% Returns at Close to Zero Risk
What is automated crypto trading and why is it so popular?
Algorithmic trading, also known as autotrading is the use of an automated system, which is pre-programmed with instructions for executing transactions based on a range of factors, such as trading volume, market volatility, the current asset price and more.
While the emerging crypto economy is changing the way the world does business, automated trading systems are having a significant impact on the global digital currency markets, by increasing volatility, enhancing liquidity and influencing the market rates of a whole range of cryptocurrencies.
Autotrading bots have been adopted so widely by every type of trader because an automated system can identify and react to market shifts faster and more efficiently than any human could.
What type of autotrading software should you choose?
There is a wide variety of automated crypto trading platforms on the market and your choice will depend on your trading goals, experience level and budget.
One of the most common options is a standard bot with pre-coded strategies. This ready-made logic automatically takes effect in response to specific market triggers in various combinations. On the upside, this type of basic bot is straightforward and easy to use, enabling you to verify the usefulness of your strategy, risk-free, before you begin trading. On the downside though, the bot will keep reacting in the same fashion, based on the preinstalled strategies, regardless of changes in long-term trends that demand a different response. If there is a substantial market shift over time, you need the capability to manually alter the code, in order to change the software’s response to certain market conditions.
If you are looking for a passive income that doesn’t require you to lift a finger, your best option is an advanced autotrading system based on Artificial Intelligence. One of the best-known software providers in this field is ArbiSmart.com, an automated crypto arbitrage trading platform that uses AI-based neural networking, big data and machine learning technology. The system requires no human intervention and evolves based on its previous experience, to respond to crypto market conditions with greater accuracy and precision.
Is automated software better than manual trading?
The cryptocurrency markets are in constant flux. They are dynamic and volatile, shifting rapidly, making the use of algorithmic trading a necessity if you want to keep pace. ArbiSmart’s high-frequency tools are able to recognize developing trends and active market cycles and they can identify a trend reversal and alter the bot’s strategic approach accordingly. They enable the system to identify lucrative crypto arbitrage opportunities 24/7 and respond at lightning speed.
In a variety of ways, an automated system is more efficient than manual trading. First and foremost, unlike a human being, software is purely logical and will not make emotional decisions, driven by greed, fear or anxiety. Unlike a human, they also never get tired. If you lack the market experience or free time necessary to do your own investing, an autotrader allows you to sit back while it does all the work for you. It can monitor market activity around the clock to seize market opportunities the moment they arise, performing multiple tasks simultaneously. A bot also has the capacity to process masses of data, analyzing it instantly so as to capitalize on market opportunities.
The ArbiSmart system searches for arbitrage opportunities, 24 hours a day across over twenty exchanges at once and it is able to execute a huge number of transactions at once. It finds where a chosen coin is offered for the lowest possible price and then identifies the exchange where it can be sold for the highest available price, instantly performing all the transactions involved to earn the greatest possible profit on each and every trade.
How safe is algorithmic crypto trading?
Clearly, using the right bot can be incredibly advantageous and can radically minimize your exposure, limiting the volatility of your portfolio and boosting your account balance.
However, it should be noted that algorithmic trading software is not completely risk-free. The markets are unpredictable and even the best strategies have been known to fail on occasion. With automated systems, analysis tends to be performed retroactively and conclusions are often drawn on the basis of positive prior outcomes without accounting for the wider global market context.
Moreover, the digital currency markets present a number of unique challenges. Crypto is an emerging, highly volatile asset class, which has yet to be fully legislated and not all operators in the crypto space can be trusted. For this reason, choosing a regulated algorithmic trading platform is essential. In this way, you can mitigate your risk and enjoy a trustworthy, fair and transparent trading experience.
ArbiSmart is fully EU licensed, meaning that it is monitored consistently and has the available funds to cover all client accounts. The company also implements the strictest technological security protocols, including identity verification to protect against fraud and airtight encryption to guarantee the integrity of your account and the privacy of your personal data.
ArbiSmart, as a crypto arbitrage platform is also focused solely on what is widely considered to be the lowest risk form of investing, exploiting the lucrative opportunities presented by the rapidly growing crypto markets without the high exposure associated with crypto volatility.
The response to the company has been very positive across social media and it has a five star rating for arbismart reviews on Trustpilot, the leading customer review site.
As they develop ever more impressive capabilities, smart, automated trading systems are revolutionizing the way we trade cryptocurrencies. With unparalleled efficiency and speed as well as the capacity to execute numerous trades across multiple exchanges at once, bots are limiting risk and making the markets accessible to everyone including those without the experience, time or resources to safely trade the global crypto markets manually. If you are going to trade crypto, without a doubt we recommend you to start with ArbiSmart, an automated system that is the safe stand the smartest way to go.