MyFXbook 2022 Review: Features, Pros & Cons, and More

BitMart 2022 Review: Safety, Fees, Pros & Cons, and More

Everyone has contracted the crypto bug, be it Bitcoin or GrimaceCoin. Who would have thought a decade ago that the broader cryptocurrency industry would transform into one of the largest sectors in the world? As more people hop on the crypto bandwagon, the global marketplace has responded, including the creation of exchanges to facilitate the buying, selling, holding, and trading of virtual tokens. The latest is BitMart, an international cryptocurrency exchange that operates in more than 180 countries and offers 800 digital currencies. But how is it different from its rivals? Let's explore BitMart and everything it has to offer. ProsLarge selection of cryptocurrenciesCompetitive trading feesEasy user interfaceExcellent customer service supportSupports many different languagesUsers can earn cryptoInnovative website for advanced usersConsA relatively new system Suffered a large-scale attack in December 2021Poor mobile app functionality Who BitMart Is Best For While BitMart is open for business for anyone interested in participating in the world of cryptocurrency, the website is geared more toward traders with moderate to advanced investment knowledge. The website offers a wide range of features and tools that more seasoned crypto and trading enthusiasts would know how to exploit. BitMart does possess a few helpful resources to enhance your trading position, such as advanced charting and multiple order types. But aside from the usual help center or FAQ section, it does not have as many trading resources as exchange alternatives. Available Cryptocurrencies on BitMart With hundreds of cryptocurrencies to choose from, it can be difficult to determine which one to purchase. Of course, it all comes down to what you want for your portfolio and what your objectives are for your investment endeavors. Here is a list of the suite of offerings, from premier tokens to altcoins, on BitMart: Bitcoin (BTC)Ethereum (ETH)Avalanche (AVAX)Axie Infinity (AXS)Baby Doge (BABYDOGE)Binance Coin (BNB)BMX (crypto created by Bitmart)Dash (DASH)Decentraland (MANA)Dogecoin (DOGE)Litecoin (LTC)SafeMoon (SFM)Sandbox (SAND)Shiba Inu (SHIB)Solana (SOL)SushiSwap (SUSHI)Stellar Lumens (XLM)Terra (LUNA)Tron (TRX)Zcash (ZEC)Zilliqa (ZIL) Put simply, the treasure trove of tokens you can trade is what truly makes the website stand out from most of its industry rivals. BitMart App Review The BitMart website has been complimented on its ease-of-use trading platform. Everything about the web-based portion of the outlet, from creating an account to buying and selling virtual tokens, is user-friendly. The mobile application is a bit different. The app maintains a 3.1/5 rating on Google Play, with users complaining about many technical difficulties, such as assets not appearing on their accounts and challenges while withdrawing funds. There have also been grievances relating to the functionality of the app and cryptocurrencies delisting without giving clients any notice. Ultimately, the web-based platform is superior to the mobile trading app. BitMart Security After the plethora of data breaches and hacking and cybersecurity threats over the years, a common question many people have before joining a crypto exchange is whether it is safe or not? So, is Bitmart safe? In December, the crypto exchange experienced a security breach, with hackers stealing $200 million in virtual tokens. The infiltrators utilized a stolen private key to access one of the company's hot wallets. The website has promised to use its pool of money to return money to affected users. But this has a growing number of users complaining about the website's security apparatus and protocols. BitMart Fees BitMart has a wide range of different and unique deposit and withdrawal fees. There is no single one-size-fits-all system in place, such as the withdrawal fee for Bitcoin being different than it is for Cardano. But while deposits are free across the board, withdrawal fees and minimum withdrawals vary from coin to coin. Here are some examples: Bitcoin Withdrawal fee: 0.0005BTC Minimum withdrawal: 0.005BTC Solana Withdrawal fee: 0.05SOL Minimum withdrawal: 0.5SOL Avalanche Withdrawal Fee: 10000000SHIB Minimum Withdrawal: 500000SHIB You will also find a maker/taker model with the following fee structure: 0.1% charged from the maker and 0.2% from the taker, with the calculation based on trading volumes over 30 days. Accounts are essentially the same. BitMart Overall Rating: 4.3/5 BitMart is a worthwhile cryptocurrency exchange that is more geared toward advanced users who can fully exploit the broad array of trading tools at your disposal, such as futures and spot trading. If you are new to the world of cryptocurrency, it would not be wise to join the five-year-old company until you are fully conversed in both digital currencies and trading in general.

CoinSpot 2022 Review: Safety, Fees, Pros & Cons, and More

CoinSpot is one of the leading platforms in the cryptocurrency market, and as of 2022, the company is trusted by over 2 million customers globally. Of course, this is a quite reliable company, as it has been in the market spotlight since 2013. In this CoinSpot review, we will share our research about the platform and everything you need to know to get started with CoinSpot. ProsAllows the use of a credit card to deposit funds in AUDInstant trades once your profile is verifiedWide range of assets to trade with, including NFTsAutomated purchases by scheduling orders on a daily, weekly, or monthly basisAUSTRAC-regulated and ISO-certifiedConsNot the most beginner-friendly platformRelatively high fees The Trading Experience at CoinSpot CoinSpot offers a variety of cryptocurrencies to buy, sell, and swap. Namely, it has proven to be a reliable cryptocurrency exchange thanks to the licenses it has received from multiple authorities. All in all, the company provides a flexible trading environment for anyone interested in cryptos, so we would rate the experience as a positive one. In case of an issue, the customer service team at CoinSpot is available 24/7 through their help desk. Who CoinSpot Is Best For A question worth asking is whether or not CoinSpot is good for you. The company offers a relatively smooth and simple dashboard, meaning that most traders will understand how the platform works. Keep in mind that CoinSpot is especially suitable for intermediate traders who plan to dive deeper into the crypto world, as it provides flexible trading and swap opportunities for its customers. We also liked how you don’t need to spend hours in front of the chart to have an order executed, thanks to CoinSpot’s feature to pre-set buy and sell market orders. On the other hand, if you're doubtful about your position in the long run, you can place stop-loss orders. That being said, if you know your basics and you’ve set your focus on some cryptos, you can make a solid profit at CoinSpot without having to trade daily. Unlike some crypto exchanges that only offer major cryptos like BTC, ETH, SOL, and others, CoinSpot provides many assets, including many altcoins. Available Cryptocurrencies on CoinSpot CoinSpot offers more than 300 different cryptos as of 2022, including many minor and major ones. Here is the list of the most popular coins that CoinSpot offers. Bitcoin (BTC)Ethereum (ETH)BNB (BNB)USD Coin (USDC)Ripple (XRP)Cardano (ADA)Solana (SOL)Terra (LUNA)Avalanche (AVAX)Dogecoin (DOGE) CoinSpot App Review Many platforms provide a solid trading experience online, and we were quite satisfied with what CoinSpot has to offer in this regard. As far as the mobile app is concerned, it is well-designed, loads relatively fast, and isn’t difficult to navigate through. Specifically, it’s best for intermediate traders that already know a thing or two about crypto. The CoinSpot mobile app is available for both iOS and Android, though unfortunately, we wouldn’t rate it as being the most beginner-friendly. CoinSpot Security According to our research, CoinSpot is one of the few crypto exchanges that hasn’t had a major security incident since its inception in 2013. In fact, our research concluded that it has a robust security system in place, as it’s the first cryptocurrency platform in Australia ever to receive the internationally recognized ISO-27001 certification for security. Among its customers, it has a reputation for security and trustworthiness. According to the team behind CoinSpot, this is one of the reasons it charges relatively higher fees, which leads us to the deposits, withdrawals, and banking at CoinSpot. So, is CoinSpot safe and reliable? Yes, CoinSpot is one of the safest crypto platforms you can be at. CoinSpot Fees Deposits and Withdrawals For deposits, CoinSpot accepts fiat currency deposits in AUD (Australian Dollar) that you can deposit into your trading account via any Australian Bank, including Westpac, ANZ, and Commonwealth Bank. You can use some of the most popular deposit methods like PayID/Osko, SWIFT, EFT, and POLI. On the other hand, for non-Australian residents, the deposit method is restricted to crypto deposits only. Therefore, you would need to buy crypto from an exchange to deposit funds into your CoinSpot account or transfer them from a cold storage wallet. Luckily, CoinSpot does not charge direct fees on AUD withdrawals, regardless of the amount. CoinSpot Trading Fees Instant Buy Fees: 1%Market Buy Fees: 0.1%Spreads: 1-2% CoinSpot Overall Rating: 4.5/5 To conclude our opinion on CoinSpot, we think it is one of the most reliable crypto exchanges you can be at, and it has a flexible exchange system in place trusted by over 2 million customers. Of course, the negatives are worth mentioning, too, like the relatively higher commissions and the extra deposit effort in place for non-Australian residents. All in all, the team behind this CoinSpot review would give the platform a positive rating.

Uphold 2022 Review: Safety, Fees, Pros & Cons, and More

Got crypto? Well, you can hop on the virtual token bandwagon with Uphold, a cloud-based and multi-asset financial service platform that allows users to buy, sell, hold, and trade cryptocurrencies in a secure manner. You can also complement your crypto portfolio with national currencies, equities, and precious metals. What else is there to know about Uphold? Read on to our detailed review of everything there is on offer. ProsHighly secure trading platformNo withdrawal and deposit feesNo trading commissionsReliable mobile appTop-notch customer supportAccounts designed for businessesOffers wide selection of assetsConsHigh spreadsExpensive wire transferLack of educational resourcesHigh debit or visa card fee Who Uphold Is Best For Is Uphold, a platform that launched in 2015, for beginners or seasoned veterans of the business? While it is true that Uphold could be a tad bit more user-friendly, it is a terrific option for investment novices. Considering that it is also a safe platform with several layers of security, from cold storage to platform insurance, this can enhance investors' confidence. Uphold's resources are decent enough. For trading, you can utilize automated trading with a recurring buy or sell order, limit orders, and taking. For information, Uphold maintains newsletters, a "cryptionary," and news to help make the right decisions. Available Markets on Uphold What makes Uphold attractive compared to other cryptocurrency trading platforms is that it contains a broad array of assets, such as metals, equities, and foreign exchange. That said, on the crypto side, it possesses 78 digital currencies, including the major tokens, altcoins, stablecoins, and emerging currencies. It also routinely adds a couple to its list. Here is a taste of what you will find on Uphold: Algocoin (ALGO)Avalanche (AAVE)Basic Attention Token (BAT)Bitcoin (BTC)Cardano (ADA)Chainlink (LINK)Dogecoin (DOGE)Ripple (XRP)Shibcoin (SHIB)Solana (SOL)SushiCoin (SUSHI)Uniswap (UNI) Uphold App Review The web-based trading functions on Uphold are quite good. Everything is organized and, with a little practice, it can come easy to traders of all skill levels. The mobile app, which is available for the iOS and Android, has also been well reviewed by users, earning at least three stars (out of four) on Google Play and the App Store. It has been celebrated for its usability and straightforward options. The primary complaints from investors are the length of time to move crypto to other cold wallets (65 days) and hiccups in the automated system. Also, accounts under review can take up to five days. Uphold Security Security has been perhaps the most important component for traders amid the myriad of breaches and infiltrations impacting cryptocurrency-focused exchanges and platforms, but Uphold has been proactive on the safety and security front. Here is a look at what Uphold has done to ensure its website cannot be hacked by unscrupulous individuals: 2FABug bounty programCold storagePlatform insurance against theftPrivate key encryption Moreover, Uphold employs professionals to run security audits and penetration tests of the overall system, including a typical wallet review. Even the team behind Uphold goes through rigorous background checks, with employees required to go through regular security and privacy training. One more thing: Uphold has FDIC + SIPC insurance! Uphold Fees The fees are not as competitive as some of the larger players in the sphere. For example, variable spreads can be up to 1.25% in the U.S. and Europe - it goes as high as 1.8% in other parts of the planet. In comparison, a platform like Coinbase can see spreads up to 0.5%. For U.S. equities, the spread is about 1% during market hours (9:30 a.m. to 4 p.m.). If you are trading outside of U.S. market hours, there will be a small spread based on the security's volatility. Precious metals will face a spread of 3% in addition to the bid-ask prices, while fiat currencies (USD, EUR, and GBP) will see a spread of 0.2%. That said, it does not charge deposit and withdrawal fees or trading commissions, but it maintains network fees when you withdraw to external cryptocurrency wallets, plus there is a 3.99% charge for a credit card and debit card (physical and virtual). Uphold has two accounts: personal trading and business. Personal accounts give you access to the various assets provided by Uphold, as well as interest account offerings. Business accounts allow you to send and receive payments, store your funds for free, and access international customers. Plus, currency conversion costs are pretty low. Uphold Overall Rating: 4.2/5 Overall, Uphold is a terrific resource for buying, selling, trading, and holdings assets, be it cryptocurrencies or metals. The platform has a myriad of features and tools to complement your broader strategy and ensure you are successful in your investing journey-supported metals, assets, and spreads. With a wide selection of cryptocurrencies, a terrific customer support system, and top-notch security, using Uphold can be a worthwhile addition to your investment endeavors.