Crypto Currency

Top 10 Cryptocurrency Exchanges

When entering the Cryptocurrency market or leaving it you will at some stage have to use a Cryptocurrency Exchange. There…

When entering the Cryptocurrency market or leaving it you will at some stage have to use a Cryptocurrency Exchange. There is an ever-increasing number of exchanges available globally, with new entrants to the market appearing all the time. This short guide aims to show you what the top 10 Cryptocurrency exchanges are at present. This will allow you to make an educated choice when choosing what exchange to use to buy and sell Crypto.

Deciding which exchange to use can be difficult. There are pros and cons to each one, some are better for those living in a particular jurisdiction, others more suited to those who are holding a Cryptocurrency that is not heavily traded.

Here we go!

The Cream of the Crop

 

Poloniex – https://poloniex.com

This may seem like an interesting choice for number one but it’s a Cryptocurrency Exchange on an upward trajectory. Poloniex was one of the first exchanges to make it easy to trade Monero and Stellar Lumen. It facilitates trading in a wide range of currencies and US dollar Crypto pairs.

Its also very reliable and users of this Exchange have experienced very little downtime over the last three months, not something that can be said for every Exchange. Its daily withdrawal limits are sensible and its user interface very straightforward. Users gain access to detailed trend analysis and a lot of trading data.

The most exciting thing about Poloniex though was that it was recently acquired by Goldman Sachs backed Circle. Circle is a well-known peer to peer payments firm. Who knows what additional services the already excellent Poloniex will be able to offer over the next 12 months as the two firms are integrated.

 

Coinbase – https://www.coinbase.com

This may be number one for a lot of people. Coinbase is a huge Cryptocurrency Exchange based in the United States. It is the first point of call for many of those who are new to Crypto and its user interface makes it very easy for first-time market participants to use.

It has the advantage of allowing users to buy Crypto with a credit or debit card as well as by bank transfer. Very few Exchanges have this option. Both limits and liquidity are high, the market for Bitcoin is particularly active on this Exchange. Again, it offers a huge variety of Cryptos to choose from.

For those based in Europe, it also facilitates SEPA transfers which can be a great cost saving.

 

Bittrex – https://bittrex.com

Bittrex is another huge Crypto Exchange that is based in Las Vegas. It is similar to Coinbase with the Coinbase user interface perhaps slightly easier to use. However, for the more advanced trader Bittrex offers a really interesting feature.

Bittrex allows a certain amount of customization to facilitate users undertaking algorithmic trading. A real advance and something that is in line with the more traditional financial markets.

Supporting over 190 Cryptocurrencies, it again offers a great source of liquidity and fees which are broadly in line with the general market.

 

Kraken – https://www.kraken.com

Kraken probably would have been further up the list 12 months ago. Kraken is everything you would want from an Exchange and the technical detail available to traders is excellent. A nice user interface is complemented by reasonable fees and again it facilitates SEPA transfers.

However, it did experience some downtime at the turn of the year. During the major December 2017 trading period, it was a little slow and the promised technical upgrades were not delivered as quickly as some users may have wished.

Still an excellent option for traders and one worth having an account on.

 

ANX Pro – https://anxpro.com

Some may consider this an unusual choice for number 5. This Hong Kong based Crypto Exchange has a sizeable European user base after it took on the clients of a Norwegian Exchange some years ago. The user interface is very straightforward, the site rarely has down periods.

It may not have all the bells and whistles of other Cryptocurrency Exchanges, but the technical support is excellent. Even in the busy December period questions to this Exchange went answered within a reasonable time period, with all queries addressed.

The downside is that bank transfer fees to a lot of banks can be quite high. This company has its accounts in Hong Kong so something to consider if you are trading and withdrawing small amounts of Crypto.

 

Notable Mentions

 

Bitstamp – https://www.bitstamp.net

Bitstamp is the oldest Bitcoin Exchange out there founded in 2011. They have competitive transaction fees and a long track record for an exchange.However, the user interface is not as straightforward as other Exchanges and there are not as many payment options.

Still, a tried and trusted Exchange that has been around a long time.

 

CEX.io – https://cex.io

Established in 2013 as the first cloud mining provider, CEX.IO has become a multi-functional cryptocurrency exchange, trusted by over a million users.

The Exchange has developed a multi-level account system with an individual approach to each customer, from Bitcoin beginners to institutional traders. It offers worldwide coverage, multiple payment options, and 24/7 support.

 

Gemini – https://gemini.com

A solid Crypto Exchange with famous backers. The main downsides being it is very limited in what it does. It only accepts US dollars and you can only trade Bitcoin and Ethereum. No speculating in rare Altcoins here!

 

Cryptopia – https://www.cryptopia.co.nz

Founded in 2014 this Exchange is based in Christchurch, New Zealand. Cryptopia is notable in that the first level of verification happens very quickly, and only requires an email address for initial verification.

While Cryptopia does not support fiat money trading, it does support a large number of cryptocurrencies, over 400 to date! Not supporting fiat is clearly a big downside.

 

Revolut – https://www.revolut.com

This may seem like a strange entry, but it is one to watch. This digital bank now allows Bitcoin trading within its excellent app. The convenience and potential of the banking/crypto exchange functionality means that this option deserves a notable mention at least.

Probably one of the most interesting options in the future and potentially a very useful alternative for the casual Crypto trader.

 

That’s it!

Whilst there are a huge number of Cryptocurrency Exchanges out there this article aims to point you in the direction of some of the best.

They may not all be right for you, but this guide gives you a good grounding if you’re starting your search for a new Crypto Exchange.

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Crypto Currency

‘Fortnite’ vulnerability put millions of accounts at risk

It turns out that for the millions of people playing Fortnite, there was more than just a Victory Royale at stake.  On Jan. 16, internet security firm Check Point Research disclosed a vulnerability in the popular online video game that could have allowed malicious actors to take over practically any Fortnite account — all a…


It turns out that for the millions of people playingFortnite, there was more than just a Victory Royale at stake. 

On Jan. 16, internet security firm Check Point Research disclosed a vulnerability in the popular online video game that could have allowed malicious actors to take over practically anyFortniteaccount — all a player had to do was click a malicious link. 

“By discovering a vulnerability found in some of [Fortnite owner] Epic Games’ sub-domains, an XSS attack was permissible with the user merely needing to click on a link sent to them by the attacker,” explains the report. “Once clicked, with no need even for them to enter any login credentials, their Fortnite username and password could immediately be captured [by] the attacker.”

Epic Games confirmed the now-patc

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Crypto Currency

The sad story of a lonely alleged SIM swapper who stole millions

You probably shouldn’t feel sorry for Nicholas Truglia. It’s just that his story is so pathetic. The 21-year old Manhattan resident was arrested last November and extradited to California in December. There, he’d face 21 felony counts relating to accusations of SIM swapping his way to a million dollars worth of stolen cryptocurrency. While Truglia’s…


You probably shouldn’t feel sorry for Nicholas Truglia. It’s just that his story is so pathetic.

The 21-year old Manhattan resident was arrested last November and extradited to California in December. There, he’d face 21 felony counts relating to accusations of SIM swapping his way to a million dollars worth of stolen cryptocurrency. While Truglia’s fate remains unclear, details of his life leading up to the arrest have begun to emerge thanks to a lawsuit filled by a separate alleged victim, and oh man is it a wild ride. 

As Krebs on Security reports, a lawsuit filed by Michael Terpin — a cryptocurrency investor and self-described “thought leader” — against Truglia claims he lost over $23 million after Truglia SIM swapped him and drained his crypto accounts in January of 2018. That document, and a supporting affidavit by one of Truglia’s former friends, tells the story of a cash-flush young man who saw himself as untouchable. 

And, perhaps unsurprisingly, they also paint Truglia as kind of an asshole. 

The now-deleted Twitter profile pic of @erupts, the account allegedly once belonging to Truglia.

The now-deleted Twitter profile pic of @erupts, the account allegedly once belonging to Truglia.

Image: twitter / waybackmachine

“Nick likened himself to Robin Hood who robs from the rich but did not give to the poor,” explained Chris David, former associate of Truglia’s, in the aforementioned affidavit. 

Instead, the documents paint a picture of someone who delighted in giving to himself — in the form of a Rolex, a $6,000-a-month apartment, and a $100,000 stack of cash he kept on his credenza. But that clearly wasn’t enough for him.

According to David, Truglia operated the now-suspended Twitter account @erupts, where he lamented that his wealth didn’t bring him friends, and even bra

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Crypto Currency

Ethereum is about to get a big upgrade. Here’s what you need to know.

Ethereum, the third-largest cryptocurrency by market cap and the most popular platform for decentralized applications (dApps), is getting an upgrade on (roughly) Jan. 16.  The upgrade is called Constantinople and it makes the Ethereum network a bit more efficient, paving the way for bigger changes further ahead. It also brings some important changes for miners…


Ethereum, the third-largest cryptocurrency by market cap and the most popular platform for decentralized applications (dApps), is getting an upgrade on (roughly) Jan. 16. 

The upgrade is called Constantinople and it makes the Ethereum network a bit more efficient, paving the way for bigger changes further ahead. It also brings some important changes for miners on the network. 

Here’s an overview of what, exactly, is happening, and the steps owners of ether should undertake ahead of the fork. 

The answer to the second question is really easy: There’s no need to do anything. The upcoming upgrade, while technically a fork, will very likely be non-contentious, meaning there’s no disagreement on whether it should happen. This means Ethereum won’t split into two separate coins next Wednesday. If everything goes well — and chances are good that it will — your ether holdings will be exactly the same before and after the fork, regardless of whether your ether is located on a private wallet or an exchange. 

And no, ether holders will not be getting a new coin; if you see info about it anywhere, it’s either a scam or a mostly-irrelevant project that’s just trying to get some attention out of the confusion that surrounds every cryptocurrency fork (which is why I’m primarily calling Constantinople an upgrade and not a fork). 

Ethereum node operators and miners will have to update their software ahead of the upgrade; the links can be found here. 

Note that the January 16th date for the upgrade is approximate. The upgrade should happen when block 7,080,000 on the Ethereum blockchain is mined, which is currently approximately Wednesday, Jan, 16, 8pm UTC, but the exact time will shift a little as new blocks aren’t always found in the same amount of time. 

Paving the way for a faster future

With that out of the way, there are still a few things you should know about this upgrade. 

Constantinople consists of five Ethereum Improvement Proposals (EIPs), which are documents explaining a new feature or change in Ethereum’s code. Explaining them in detail might

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Crypto Currency

Attack on Ethereum Classic Highlights a Crypto Weakness

bitcoin is that you don't need to trust the people to whom you send or receive money, because the software makes it technically impossible for anyone to cheat the system. Instead of relying on humans and their flawed judgment, you rely on the laws of mathematics. But a recent attack on the cryptocurrency Ethereum Classic—not…


bitcoin is that you don’t need to trust the people to whom you send or receive money, because the software makes it technically impossible for anyone to cheat the system. Instead of relying on humans and their flawed judgment, you rely on the laws of mathematics. But a recent attack on the cryptocurrency Ethereum Classic—not to be confused with the original Ethereum project—shows once again how hard it is to remove human frailty from digital systems.

Like other cryptocurrencies, Ethereum Classic relies on a decentralized ledger known as a blockchain created and shared by the machines that process transactions on the network. This ledger ensures that no one can spend their virtual tokens twice. Unless, that is, someone could take over at least 51 percent of the machines in the network. That’s what appears to have happened last weekend.

Currency exchange Coinbase said Monday it had detected double spends on the Ethereum Classic platform on Saturday and that it had suspended transactions involving Ethereum Classic. Kraken, another exchange, followed suit with a similar announcement. Coinbase security engineer Mark Nesbitt wrote in a blog post that the company had spotted 12 instances of double spending Ethereum Classic tokens, involving a total value of about $1.1 million.1Ethereum Classic is not as popular as some other cryptocurrencies: It had a total market value of $553.5 million on Friday, according to CoinMarketCap; by comparison, ether, the currency created by the original Ethereum project, had a value of $16.3 billion, and bitcoin a value of $67.5 billion.

Nesbitt told WIRED that Coinbase is “very confident” that the d

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