This crypto exchange lets you make fiat and crypto investments in seconds

The cryptocurrency industry saw the worst first three months of 2018 when the market capitalization fell from $830 billion in January to under $300 billion at the beginning of February.



Yet, despite the issues regarding regulatory concerns, the potential threat of money laundering, and cryptocurrency exchange hacks, it doesn’t appear to be denting enthusiasm from investors. So much so, that aside from traders putting money into the more popular digital currencies — Bitcoin, Ethereum, and Litecoin — they are now turning their attention to other coins to broaden out their portfolios.

And now there may be a solution for investors that makes it easier to do so.

Creating a platform that combines fiat and tokens

Cryptology.com is a next-generation cryptocurrency exchange that makes fiat and cryptocurrency trading easy and secure. Its user-friendly web platform provides attractive conditions for professionals and offers an option of a mobile app for those wanting to trade on the go.

A basic web version has gone live this month. An advanced professional version of the trading platform with margin trading is planned to be launched in Q3 2018. The official launch of the iOS and Android app took place in March and users can now trade cryptocurrency wherever they are. According to this blog, ‘it’s the first cryptocurrency exchange to combine tokens with easy fiat transactions’ such as Visa and Mastercard deposit options. Wire transfers for Europe are also on allowing for easy and secure trading.

Combining tokens and fiat transactions at the same time, Cryptology’s aim is to provide a user-friendly platform where newbies and experienced traders can use a credit card. Some of the problems that the team are striving to solve include the complexity of fiat transactions, hard-to-get rare tokens, high commissions, sluggish and complicated account verification, inactive customer support, lack of security, and cluttered interfaces, to name a few.

“We strive to create a single platform bringing together fiat transactions and a variety of tokens,” the exchange said. “Complex procedures will become a thing of the past, as users will be able to buy tokens with fiat currencies. Everything you need will be available on a single platform. You won’t have to deal with high commissions on fiat transactions, difficult KYC [Know-Your-Customer] procedures and slow support.”

Cryptology’s key advantage is an agreement with a payment system that permits it to manage fiat transactions in addition to offering its users competitive service fees. Other advantages include a 0 percent token withdrawal fee, 0 percent maker fee for token pairs, fast verification (just 30 seconds), and live support.

The web version is comfortable to use and absolutely intuitive. All the trading operations are secure and easy to carry out both for experts and newbies. Verification is quick and not complicated with support team on 24/7 to immediately handle any issue occurred. Trading with a minimum order size of just 0.01 EUR is open with 100% secure and quick transactions on cryptology.com.

Crypto withdrawals fees for Bitcoin, Bitcoin Cash and Litecoin are charged at 0.0005 and 0.002 for Ethereum. A maker fee will be listed at 0.15 percent and a taker fee at 0.25 percent. There are no minimum deposits and no withdrawal limits. The minimum order size is as low as 0.01 in fiat currency or the equivalent of $0.01 in cryptocurrency.

Delivering a range of tokens on one platform

Operating out of Singapore, the digital currencies users can trade on the exchange are bitcoin, ethereum, bitcoin cash and litecoin. These cryptocurrencies are also paired with the USD, Euro and USDT with more to be added in the future.

Several ERC20 tokens are also available on the exchange for trading, depositing, and withdrawal, with many more to be added. The goal is to offer a wide variety of tokens on a single minimalistic platform in a portfolio that is easy to manage.

With offices being opened in different parts of the globe Cryptology are working at building a truly international exchange. Services will first be offered to users in Europe, with plans to expand to the Japanese and US markets.

As the cryptocurrency market continues to grow, with new investors putting money into the industry, knowing where to go to expand a user’s portfolio is somewhat limited. Cryptology is aiming to fill this gap with their exchange that intends to provide mass access to the space that is fast and easy through a marketplace that caters to their every need.


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

Source
Author Rebecca Campbell 
Image Credit 

Don’t forget to join our Telegram channel for Crypto, Business & Technology news delivered to you daily

Bittrex Exchange Will Let Investors Swap Their Dollars For Cryptocurrency

  • A U.S.-based crypto exchange lets investors buy coins using U.S. dollars.
  • In the past, the majority of alt coins could only be purchased by first converting dollars into bitcoin.
  • Working with U.S. agencies to help solve the “regulatory puzzle” of cryptocurrencies will help unlock capital, says Bittrex Founder and CEO Bill Shihara.

Join in the fun and play on the world’s First Hybrid on-line Casino with BTC and Fiat currency payments. Check on-line for latest promotions.

Investors now have a new way to purchase cryptocurrencies using U.S. dollars.

Bittrex, a Seattle-based cryptocurrency exchange, has struck an agreement that allows investors to buy digital coins with American dollars. In the past, only coins traded on Coinbase, a digital currency exchange in California, could be bought with dollars. That is a fraction of the approximately 1500 digital coins floating around the universe of cryptocurrenices.

To buy any of the other coins, investors had to convert their money to bitcoin first. Now they have Bittrex.

Founder and CEO Bill Shihara told CNBC that the goal is to “expand out to as many markets as possible on Bittrex,” he said on “Fast Money” Friday.

“As well as expand it so that every customer on Bittrex will be able to have access to U.S. dollar trading,” he said.

The exchange might even help move the market. Since so many alt coins could only be purchased by way of bitcoin, the value of bitcoin and many other digital currencies were closely correlated. The value of those crypto units may now begin to decouple from bitcoin, Shihara said, as more investors transact in dollars.

Currently, nearly 200 different digital coins can be traded on Bittrex. The CEO said that a “small, select number of launch partners” are working with the exchange to pay in dollars.

“In this phase, we’re stress-testing our system,” he said. “We’re working with the banks very closely to ensure that they can process the FIAT deposits and withdrawals. Also, the engine itself that we use to trade, is going to be able to properly handle the load.”

Cryptocurrency is still largely unregulated in the United States, which has led many financial institutions and investors to be cautious of the coins, amid a landscape of widespread fraud and fake ICOs. Other traders have sought out foreign markets to invest in digital assets like bitcoin.

But Shihara said working with U.S. regulatory agencies on better ways to use cryptocurrency will add value to the space.

“We think that solving the regulatory puzzle in the United States really unlocks a lot of capital that really can’t trade on a foreign exchange that doesn’t have proper [anti-money laundering] controls or proper compliance,” Shihara said.


Here at Dollar Destruction, we endeavor to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

Source
Author: Kellie Ell
Image Credit