Trading

What is Bittrex crypto exchange? Bittrex is a crypto exchange based in the United States that offers trading in a wide range of digital assets, including Bitcoin, Ethereum, and Litecoin. The platform is known for its security, reliability, and fast trade execution. Bittrex supports over 350 trading pairs and is a popular choice among traders due to its user-friendly interface and advanced trading features such as a stop loss order. However, the exchange has faced criticism in the past for its lack of transparency and customer support. Bittrex is a solid choice for trading digital assets, but users should be aware of its limitations and do their own research before using the platform. So, we made an investigation of the platform for you and tell you all the details about its functions, prices, registration process, and advantages. History of Creation Bittrex was founded in 2013 by Bill Shihara, a security expert with over 20 years of experience in the technology industry. Shihara and his co-founders, Richie Lai and Ryan Hentz, were motivated to create a secure and reliable platform for trading digital assets, as they saw a need for a better alternative to the existing exchanges at the time. The company is based in Seattle, Washington and it began operations in February 2014. The exchange quickly gained popularity among traders and investors, thanks to its focus on security and its wide range of trading pairs. In 2017, Bittrex introduced the USD trading pairs to attract investors, which allowed them to provide crypto trading directly with US dollars. Bittrex continued to expand its platform and services, adding new coins, fiat pairs, and features to the platform. Today Bittrex is one of the largest crypto exchanges in terms of trading volume and it’s considered one of the most secure platforms in the market. Bittrex Crypto trading terminal The Bittrex trading terminal is a crypto trading tool with a simple interface. It offers a wide range of features and tools to help traders manage their portfolio and execute trades effectively. TradingView charts and tools provide a wealth of information and make navigation easy and accessible to traders of all experience levels. The trading terminal is divided into several sections, including the order book, the trade history, and the charting tools. Order book: The order book displays all the buy and sell orders for a particular trading pair, allowing traders to see current market trends and make informed trading decisions. Trade history: The trade history section displays all the recent trades that have been executed on the platform, including the price, the quantity, and the time of the trade. Charting tools: Bittrex offers a variety of charting tools to help traders analyze the market to help make informed trading decisions, drawing tools, and other advanced charting features. The charts can be customized to display different time frames, indicators, and other technical analysis tools. Balance and order section: The balance and order section is where traders can manage their portfolio and see their current balance, open orders, and trade history. Stop Loss, Take Profit, and Trailing Stop: Bittrex allows traders to set stop loss and take profit orders to limit their losses and lock in their profits. Mobile App: Bittrex also offers a mobile application for iOS and Android devices, which allows users to access their accounts and trade on the go. Bittrex Services Bittrex offers several types of crypto trading options for its users. Some of the main types of trading available on the platform include: Spot trading: This is the most common type of trading on Bittrex, where users can buy and sell cryptocurrencies at their current market prices. Users can place limit and market orders to buy or sell digital assets. Margin trading: Bittrex offers margin trading for select trading pairs, allowing users to trade with leverage. This means that users can trade with more funds than they have in their account, which can amplify their gains but also increases the risk of losses. Staking: Bittrex offers a staking service for some of the supported coins, which allows users to earn rewards for holding and supporting the network of a specific coin. Lending: Bittrex allows users to lend their digital assets to margin traders and earn interest on their lending. OTC (Over-the-counter) trading: Bittrex also offers OTC trading for large volume trades, where users can trade large amounts of digital assets directly with other users without having to go through the order book. Note that not all of these types of trading may be available for all trading pairs, and the availability and terms of these services may change over time. It’s always good to check the Bittrex website for the latest information and updates. Advantages of Bittrex As we have already mentioned, Bittrex is a cryptocurrency exchange that offers a wide range of features for traders and investors. Some of the key features of the platform include: Wide range of trading pairs: Bittrex supports over 850 trading pairs, including popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin, as well as lesser-known digital assets. Advanced trading features: Bittrex offers advanced trading features such as stop loss orders and limit orders, which allow traders to manage their risk and execute trades more effectively. Security: Bittrex places a strong emphasis on security, using a combination of hot and cold wallets to store customer funds, as well as two-factor authentication for added protection. Reliability: Bittrex is known for its fast trade execution and minimal downtime, making it a reliable choice for traders. User-friendly interface: Bittrex has a user-friendly interface that is easy to navigate, making it accessible to traders of all experience levels. USD trading pairs: Bittrex allows trading with USD (Fiat trading) which makes it more accessible for institutional and accredited investors. Staking and earning rewards: Bittrex also offers staking services for some of the supported coins, this allows users to earn rewards for holding and supporting the network of a specific coin. Mobile App: Bittrex also offers a mobile application for iOS

Best Crypto APIs for Trading Security is a crucial factor in crypto trading. Today, when choosing a platform, traders pay attention not only to the number of instruments for trading or top cryptocurrency exchanges but also to the storage of API keys. In most cases, users want to be sure that their accounts will not be hacked and that their API keys are not available to third parties. Indeed, the crypto industry is very attractive to hackers who are in pursuit of profit. For example, a recent case with the 3Commas platform made users think about their safety while trading on various crypto platforms. A database, containing 3Commas users’ personal information, including exchange API keys, has been hacked. The company does not store user funds; they “only” store the client keys that allow the user’s trading bots to connect to the exchanges via APIs (Application Programming Interfaces).  To avoid such situations and take full advantage of trading in the cryptocurrency market, you must consider all the conditions for storing the exchange APIs. We will talk about the basics of the API and how to use these tools to secure yourself in the crypto market. What are Exchange APIs? API keys are used to authenticate users and determine which account an automated program is accessing. There are two important elements in an API key: a public key and a private key. When a trader requests access to his account, the program will use a secret key to sign requests. This tells the exchange that the program has permission to access the traders’ exchange account and execute transactions that are supported by the API key. API keys allow traders to automatically access their exchange account so they can open orders without logging into a crypto exchange. Crypto traders can use third-party services to trade, manage their assets, store information about their accounts, and implement complex trading strategies with API keys. It is worth noting that each crypto exchange has unique API keys that give traders the ability to manage their accounts in different ways. The most common exchange API functions include placing orders, collecting account information, and accessing market data. How to connect to exchange APIs? Many exchanges have a process for connecting an account to third-party software solutions. Subject to certain exceptions, all crypto exchanges allow users to create API keys and connect those keys to the crypto platform. To connect your exchange account to another platform, you need to log into your account and determine where the exchange provides access to the “API Management” functions. Sometimes this section is under the security and profile sections or exchange account control settings. Once you have found the section to create API keys, follow the process of generating new API keys on the crypto exchange account. Then, the exchange will provide you with public and private API keys. These keys should be kept in a safe place that only you can access. Note. Some crypto exchanges only display the private key once. After that, the exchange will never provide this information again. This implies that if you lose your private key, you will have to start the process from scratch and create new exchange APIs. When prompted to choose permissions for your API keys, you must select all options for reading information from your account. If you also want to trade via the API, you must enable trading permissions as well. Typically, exchanges break permissions into three main categories: Data – With this permission, the API keys gain access to your account information such as your balances, trade history, and open orders. These operations are intended for read-only. This implies API keys cannot modify your account. Crypto trading – With this permission, API keys can open and close orders. These are write operations. Basically, the program can amend your account. Withdrawal – With this permission, the API keys can withdraw money from your account. So, the program will be able to transfer your funds without your approval. Do not allow anybody to withdraw your funds. You must remember that legal crypto trading platforms never ask for permission to withdraw your money using the exchange’s APIs. If they do, we highly recommend not using this trading service. On the contrary, you can lose your money forever. What is the most secure crypto trading platform? One of the best and most secure crypto trading platforms is considered Cryptorobotics. This cryptocurrency platform allows its users to use not only a wide range of tools for trading cryptocurrency on the largest exchanges but also to securely create and store their own API keys. Let’s take a look at the process of creating and storing exchange APIs. Why is it safe to use and store API keys on the Cryptorobotics platform? After the user adds an API key to the platform, it is immediately transferred to the server and removed from the interface. The server divides the API and Secret key into several parts. All parts of the API key are encrypted using 256-bit hash encryption. All encrypted parts of the API key are placed in different stores in the database. The data is transmitted via an encrypted protocol of interaction with the exchange. The key is collected together and decrypted by the system only at the time of the transaction. The decryption algorithm is in a binary file that is not open source. The Cryptorobotics cryptocurrency platform allows its users to trade on the best crypto exchanges such as Binance, Bybit, OKX (OKEX), Kraken, KuCoin, Huobi, Gateio, EXMO, etc. Let’s take a closer look at how to create an API key to integrate into the Cryptorobotics platform and start trading on the best crypto exchanges through a single interface. How to Integrate Exchange Account into Cryptorobotics with API Keys? Create an account on the Cryptorobotics platform. Create an account on the crypto exchange for which you will trade. Generate API Keys (More detailed instructions on how to create API keys for each exchange available on the

Open your own crypto platform with Cryptorobotics The crypto industry is developing so dynamically that every year there are many opportunities for earning. Mining, staking, crypto trading, and holding are in special demand. And all these types of earnings are offered on crypto exchanges or special crypto platforms. It is worth noting that, not only investors and traders earn money in this young and rapidly changing market, but also the owners of crypto businesses receive high incomes. Sometimes these amounts exceed millions or even billions of dollars. However, how to start not just investing in the market, but creating your own platform and launching your own crypto business? In this article, we will describe in detail the ways to launch your platform from scratch. Creation of a crypto platform from scratch If you do not have programming experience or your own team of professionals, in this case, you can turn to the services of developers to help you create a platform. If everything goes well, you will be able to see the beta version of your platform in 6–8 months, and in 9–18 months you will be able to get your mid-level crypto platform written in high-performance programming languages ​​such as C, Rust, etc. However, it is necessary to take into account the risks here, because ordering a cryptocurrency platform from scratch from third-party developers may carry certain risks. For example, you will be able to see your platform in a “raw”, unfinished form no earlier than six months. And the effectiveness and quality of the platform can only be assessed by the end of the project development. The main risk here is that it is undesirable to lose touch with this development team after the launch of the cryptocurrency platform, which, like any other developing project, will need improvements and changes. In fact, it may turn out that your project is not the main focus of the development team, and in the future, it will no longer be a priority. Accordingly, you will encounter delays in the implementation of current tasks and plans. In addition, the usual problems of outsourcing can arise, such as late completion of tasks, recalculation of the cost of services in a large direction, etc. In general, if you still decide to create your platform with the help of outsourced developers, then you should require them to confirm their competencies and examples of finished projects. White Label Solution If you do not want to pay money for an unpredictable result and get a guarantee that your platform will be of high quality, then White Label is the solution for you. White Label is a type of cooperation that is implemented by providing services under the brand of a company that manufactures goods, and another sells them under its own brand. “White Label” crypto platform is software with which you can quickly and inexpensively launch your own cryptocurrency platform with your own design and under your own brand. White Label crypto trading platform advantages The ability to evaluate the platform, and its functionality and make sure it works; The cost of launching the platform is known in advance since all conditions are agreed upon before the start of work The cost of the White Label crypto platform is several times lower than the cost of developing a crypto exchange from scratch. With the White Label solution, you can quickly launch your cryptocurrency platform within 3–14 days. The White Label developers are only engaged in the development of the basic platform, so all improvements and additions will improve your crypto platform. Your current tasks and plans for the development of the trading platform will always correspond to the main direction of the development team. Step-by-step instructions on how to launch White Label crypto platform Study information about the project that provides the White Label service. Check the functionality and performance of the platform. Choose a package that will include all the necessary functionality of the platform. Sign the contract and pay for the services of the company. Deployment and launch of the cryptocurrency platform. If necessary, modify the functionality. How to buy White Label Cryptorobotics? Cryptorobotics is the best crypto platform that allows traders not only to trade manually but also to automate the process of crypto trading with the help of crypto bots, crypto signals, copy trading, and robots with artificial intelligence. But in addition to trading on the platform, you can also order a White Label solution to launch your business. White Label Cryptorobotics is a copy of our cryptocurrency platform with modification or reduction of functions, as well as the creation of a brand at the request of the client. Advantages of buying White Label Cryptorobotics Infrastructure Deployment Integration of the platform interface and robots for the client’s site Serving your users 2-3 successful robots Robot setup training and weekly adjustments Access to the crypto signals function Possibility of complete redemption and transfer of infrastructure Cost of White Label crypto platform on Cryptorobotics   Services Package name Economy  Bussiness Premium Development of crypto bot market interface  from 10 000 $ Copying of the platform for crypto bots 50 000 $ Finalization of the crypto platform according to the individual request of the client from 10 000 $ Development of individual strategies for bot from 5 000 $ Annual maintenance of cryptocurrency bots and information support for trading on Cryptorobotics servers (per month) $5.00  $7.00 $10.00 Transferring the platform to the client’s servers (licensed copy) 120 000 $ Maintenance of crypto bots and information support of crypto traiding  on the client’s servers (per year) $10.00  $20.00 $40.00   The company also charges an additional fee for customer service.   Package Services Price ECONOMY 2-3 crypto bots for trading with different market trends $60/year (per user) BUSINESS from 2 to 3 crypto bots that trade during different market trends.  Access to training videos on setting up cryptocurrency bots Video recording of crypto bot’s trades every week $84/year (per user) PREMIUM 2-3 crypto bots that successfully

How to trade on EXMO EXMO is one of the leading cryptocurrency trading platforms in Eastern Europe, where users trade both cryptocurrencies and fiat. The headquarters of the exchange is located in Estonia. The crypto exchange offers users a simple interface and a variety of options for depositing/withdrawing fiat currencies: VISA, Mastercard, SEPA, Wire Transfer, Payeer, Advcash, and Qiwi. More than 2 million users are registered on the EXMO cryptocurrency exchange, and the number of active traders exceeds 20,000. The reason for such popularity was the simplicity and convenience of working with the exchange: after registration, it is not necessary to pass KYC to trade on the platform. Making investments and trading crypto assets available to every user in the world is EXMO’s top priority. The History of EXMO The starting point was the ExMoney cryptocurrency exchanger, which was founded by entrepreneurs from the CIS — Pavel Lerner and Ivan Petukhovsky. The name of the exchanger is an acronym for exchange and money. In 2013, there were few services that provided cryptocurrency exchange services, especially in the CIS. This became the main driver of ExMoney’s growth, as a result of which the company expanded and the founders registered a new trading platform in the UK in 2014  — EXMO. They decided to keep the name similar, removing only the last three characters, but the meaning remained the same. The EXMO platform began to gain popularity in 2015, becoming one of the top ten crypto exchanges in Eastern Europe, and retains a high rating to this day. In 2017, the BTC Awards CIS recognized EXMO as the leading crypto exchange of the year, and the number of platform users exceeded 1 million for the first time: an increase of more than 250% in one year. But in the same year, the cryptocurrency exchange faced a wave of negativity due to the fact that the support service could not cope with the influx of users’ tickets. The reason was the rapid growth in the popularity of cryptocurrencies and, as a result, the demand for crypto exchange services. The crypto exchange was unjustifiably accused of fraud due to the long processing time of tickets. Since then, the support staff has been increased more than fourfold, and the ticket processing time, according to representatives of the exchange, is 15 minutes on average. In 2019, the exchange team issued its own EXMO Coin (EXM) token and conducted an IEO on its own platform. The EXM token provides users with various bonuses: Discounts on trading fees and discounts on margin loans Access to the IEO platform and discounts on tokensales VIP support Increased rates for the affiliate program The crypto exchange currently has a daily trading volume of $49,005,317 and offers its users 192 cryptocurrency pairs for trading on the platform, including both crypto and fiat currencies. EXMO’s offices are located in London, Istanbul, Barcelona, Kyiv, and Moscow. EXMO Crypto Exchange Interface The EXMO exchange provides basic functions for crypto trading, which makes the platform accessible to beginners. The interface has a minimalistic design: it is not overloaded with unnecessary elements, but there are all the necessary functions for professionals to trade cryptocurrencies. The interface can be customized by switching between night and day mode and changing the grid type. And there are also sound notifications that are triggered when orders are executed. Market, limit and stop orders are available on the EXMO exchange – this is enough for most trading and investment strategies, whether for beginners or even seasoned traders. The exchange supports both spot and margin trading with leverage, as well as a quick purchase of cryptocurrencies through a fiat gateway — this is the simplest way to top up your account. EXMO Crypto Exchange Features Staking In addition to trading, EXMO supports staking with a floating interest rate. Staking is somewhat similar to deposits, only users do not transfer their cryptocurrency to third parties, but block it in a smart contract while retaining the right of ownership. Centralized exchanges like EXMO, Binance, and OKX act as staking providers — intermediaries between users and smart contracts. The advantage of this approach is fees and convenience. In addition, funds can be withdrawn at any time, unlike self-staking in a wallet: coins are blocked for 2-3 weeks after a request to unlock assets is made. Staking of four assets is available on EXMO: EXMO Coin (EXM), Cosmos (ATOM), Polkadot (DOT), and Tezos (XTZ). The yield varies depending on the amount of EXM on the balance: the larger it is, the higher the accrued interest. There are three staking packages available: Basic Staking — no EXM required on the balance Standard Staking — at least 30,000 EXM on the balance Advanced Staking — at least 40,000 EXM on the balance For example, if there is 0 EXM on the user’s balance, then the ATOM staking yield will be 9% per annum, and if they hold 40,000 EXM — 13%. Margin trading For experienced traders, leverage of up to 30x and 36 contracts are available, including BTC/USD, ETH/USD, EXM/USD, ETH/BTC, XRP/BTC, and others. On EXMO, the taker fee is 0.05%, and the maker fee is 0%, regardless of the subscription level. Fiat Gateway Provides instant purchase of crypto assets for fiat, including EUR, PLN, RUB, and UAH directly from the EXMO provider in just a couple of clicks. Choose a currency and a crypto asset, enter the amount and pay for the purchase — that’s it. The feature is available only after passing the account verification procedure. Registration on EXMO The functionality of the platform is available immediately after simple registration on the official EXMO website. To register an account, it is enough for the user to specify a login, email, and phone number and set a password. The process will take less than two minutes. Then you can top up your account, trade, and stake crypto assets. But the deposit and withdrawal of funds in fiat currency, as well as the purchase through the fiat gateway

What is Bitcoin? The cryptocurrency market is considered one of the most promising and no longer causes skepticism and mistrust. The explosive growth of this market has led to the development of a wide variety of digital coins to choose from. Despite the fact that at the time of this writing, the Bitcoin price has dropped to $16,565,08, this coin is the most famous and popular cryptocurrency in the whole world. Moreover, according to the forecasts of many experts, interest in Bitcoin will grow in the future, as will its value. Let’s see why this digital coin attracts attention, and whether it is worth investing in Bitcoin. Definition of Bitcoin Bitcoin (BTC) is the first cryptocurrency that is analogous to fiat money and gold. Unlike regular currency, bitcoin is not controlled by government authorities and the central bank. Instead, Bitcoin’s financial system is governed by thousands of computers located around the world. Thus, everyone can take part in the ecosystem of this cryptocurrency. To do this, you need to install the required open-source software. Bitcoin is not subject to censorship, and payments can be made at any time of the day, wherever you are. Of course, all these advantages of bitcoin make it a very attractive cryptocurrency to invest in. The history of the creation of Bitcoin Bitcoin was launched in 2009. There is no exact information regarding the founders of this digital coin. Bitcoin was supposedly created by a person or group of people under the pseudonym Satoshi Nakamoto. There is also no reliable information on where the founders of BTC are. Despite the fact that the name of this person is Japanese, he has a very high level of English. Therefore, many people have speculated that he may be from an English-speaking country. How does Bitcoin work? Bitcoin operates on blockchain. Blockchain is a continuous chain of blocks that stores all information about transactions made in a certain period of time. This information is arranged in chronological order. Thanks to blockchain technology, personal information, and a crypto wallet are reliably protected from hacking and theft. Thus, users can fully control the sending of BTC from their bitcoin addresses, and the authenticity of any transaction can be confirmed using a digital signature that correlates with the sender’s address. In addition, users can process transactions using specialized computer hardware resources, in return they will receive bitcoins as a reward. This process is called mining. What are alternatives to Bitcoin? After Bitcoin began to have success, many other digital coins appeared. Today, there are more than 5,000 types of cryptocurrencies, which indicates a high demand for digital currency. In addition to BTC, the following types of digital coins can be distinguished: Altcoins This is a type of cryptocurrency that was created as an analog of BTC. Today, there are over 500 types of such digital coins. Here are some examples of altcoins: Cardano (ADA) Chainlink (LINK) Cosmos (ATOM) EOS Ethereum (ETH) Litecoin (LTC) NEO Ripple (XRP) Tron (TRX)  yEarn.Finance (YFI) Tokens These coins are analog to “securities” in the digital world.  That is, in other words, these are digital assets. Tokens differ from Bitcoin and Altcoin in that they do not have their own blockchain. Therefore, tokens are created on the blockchain of other digital currencies, such as Omni, Tron, Ethereum, Neo. It is worth noting that most of the tokens work on the Ethereum blockchain. Stablecoins This is a type of cryptocurrency, the value of which is tied to the value of traditional currencies or the value of goods. Here are several examples of stablecoins: Tether (USDT), True USD (TUSD), Paxos Standard (PAX), etc. How to get Bitcoin? There are various ways to acquire BTC. The most common among them are: Buying Bitcoin for fiat money or another cryptocurrency; Receiving rewards in the form of Bitcoins for completing various tasks; Mining. Advantages and Disadvantages of Bitcoin Advantages Small fees for BTC transfers (sometimes fees may be completely absent, but in this case, transfers may take longer). Anonymity. Decentralization. Deflationary nature of BTC. Transactions can be made from anywhere in the world at any time of the day. A simple procedure for creating a Bitcoin wallet, which does not require users to provide their personal data. Reliable system. It is not possible to cancel transactions (depending on the situation, this fact is also considered a disadvantage). Disadvantages The risk of illegal transactions. Volatility. Potential tightening of cryptocurrency regulation by government agencies. Slow transfers. Sometimes, card-to-card transfers in banks can be carried out faster than bitcoin transfers. It all depends on the amount of money and the size of the fees. Conclusion Summing up, we can say that Bitcoin was created in order to provide users with safer and more profitable conditions for conducting various transactions. Despite all the shortcomings of this cryptocurrency, it is gradually gaining recognition and is being used in various fields of activity since many countries of the world have already created laws that regulate this cryptocurrency and imposed taxation. All these facts indicate that BTC is one of the promising cryptocurrencies that will not cease to be in great demand among investors for a long time. READ MORE: How to use a stop-limit order on the Cryptorobotics platform?

What is a stop-limit order? Although the cryptocurrency market can generate high profits, it comes with certain risks due to its high volatility. Therefore, traders use stop-limit orders in trading, which help them solve a number of tactical decisions. With stop-limit orders, traders set the minimum amount of profit they want or the maximum amount they are willing to lose. A stop-limit order is a kind of order that consists of two components: a stop price and a limit order. Let’s take a closer look at what a stop-limit order is and how it works. What does a stop-limit order mean? A stop-limit order is a pending order until a certain price of a particular asset is reached. As we have already said, a stop-limit order includes a stop price and a limit order. Stop-limit orders provide traders with the ability to set the minimum amount of profit they want or the maximum amount of funds they are ready to lose during a trade. In the event that the market reaches the specified price, a stop-limit order will be automatically placed for sale even if the trader is logged out or offline. Stop-limit orders can be placed strategically based on support and resistance levels, as well as the volatility of the digital coin. Why do you need a stop-limit order? A stop-limit order is designed to sell or buy a cryptocurrency at a set price by a trader, and it also helps to maintain control over the order after entering the market. That is, a trader who opens a new order to purchase or sell digital coins can set up trading parameters and manage risks. You can also change order parameters such as execution time and more. Unlike simple market orders, a stop-limit order opens up more trading opportunities. Understanding how this order works is very important in crypto trading. How does a stop-limit order work? If you want to know how a stop-limit order works, you should distinguish it into 2 parts: the stop price and the limit price. The stop price is responsible for placing a limit order if the asset reaches a certain value. The limit price is the predetermined price at which the limit order will be executed. Thus, in case the stop price is reached in the market, a limit order is created automatically with a custom price (limit price). The limit price and the stop price can be the same, but it doesn’t have to be. However, it is safer for a sell order to set the stop price (trigger price) a little higher than the limit price, and for a buy order – a little lower. This increases the likelihood that a limit order will be implemented after the trigger is fired. What do you need to know before placing stop-limit orders? Another important point to pay attention to is the choice of strategy. The right choice of strategy will increase the efficiency of order execution and avoid some negative phenomena. But in order to choose the necessary crypto trading strategy, you need to pay attention to the following parameters: The volatility of the asset on which the crypto trader places a stop-limit order. The liquidity of the asset that the trader is going to trade. Using technical analysis to determine the value of a digital coin. Advantages and disadvantages of a stop-limit order Advantages The stop-limit order allows traders to: Set up and plan deals. Set a suitable amount for fixing profit. Disadvantages There is no guarantee that this order will be carried out. How to place a stop-limit order in the Cryptorobotics terminal? To place a  buy or sell stop-limit order in the Cryptorobotics trading terminal, you need to follow these steps: Follow this link and go through the registration process. Create an account on one of the crypto exchanges that are integrated into the terminal. Link the account of the exchange of your choice to the terminal using the API key. Replenish the exchange wallet (in case the funds are absent in the balance). Click on the “Trade” button. Choose a crypto exchange. Choose a crypto pair. In order not to search for the selected crypto pair for a long time, you can add it to the “Favorites” section by clicking on the heart. After that, you can place a buy or sell stop-limit order. To do this, you must do the following: Select Stop Limit. Then a settings window will open where you will need to specify the following options. The stop price at which a stop-limit order will be sent to purchase or sell a coin when the specified trigger price is reached. The price at which the coin will be bought or sold (depending on whether the given order is issued for sale or for purchase). The amount of the purchased coin. After all the parameters are specified, you must click on the “Buy” or “Sell” button, and the stop-limit order will automatically go into work. If you plan to place a smart order, then select the “Smart Order” button or the “Buy” / “Sell” button. In a smart order, you can set a Take Profit, Stop Loss, and Trailing. Take Profit specifies the price at which the order will be closed in profit (as a percentage). Take Profit can also be set by moving the level on the chart. To activate Trailing Take Profit, you must check the box and specify the distance in %. When setting Stop Loss, the trader needs to indicate the loss (in percentage) that he is ready to lose if the asset price falls. When this value is reached, the order will be closed automatically. Stop Loss can also be set by moving its level on the chart. As for Trailing Stop Loss, it is also activated by adding a checkmark. We advise you to use Trailing Stop Loss only in a rising market. During other stages of the flat market, this feature may reduce your profit. After all the

What is Huobi crypto exchange? Huobi is a Chinese crypto exchange with high liquidity founded in 2013. Since its inception, this exchange has become the most popular and largest crypto trading platform due to its high trading volumes. Traders also have a wide range of digital coins to trade on this platform. Now there are about 970 crypto pairs. In addition, the exchange supports margin trading and P2P transactions. Huobi is constantly evolving, adding new features and cryptocurrencies. Thanks to this, the platform attracts more and more new users. History of Huobi The Huobi crypto exchange was developed in 2013. At first, the platform was intended for trading simulations, but after the project team received investments, the service began to gain momentum again. In 2016, the platform will already function as a full-fledged crypto exchange. In 2017, the policy of the Chinese government was directed against the crypto market and Huobi, like other cryptocurrency exchanges, was forced to leave China. After that, the exchange officially moved to Singapore and opened its offices worldwide. Huobi Global is now one of the top 20 crypto exchanges in terms of the daily trading volume. The daily trading volume of the exchange is $478,327,935. Crypto trading on Huobi Spot trading The Huobi crypto exchange allows users to trade in the spot market. To do this, they need to select the “Spot trading” tab and then click on the “Trades” button. The procedure for opening an order to buy and sell is the same as on other crypto exchanges. Users only need to specify a few parameters to start spot trading: Crypto pairs. Place an order (limit, market, or stop-limit order). Specify the amount, volume, stop price, etc. Click Buy/Sell. Margin trading Margin trading is also available on the exchange, platform users can trade both using their own and borrowed funds. To start margin trading, the user must select Spot Trading and then Margin. Traders can choose the leverage up to X5 on the Huobi crypto exchange. Thus, they can increase their income five times. Trading bot The exchange also allows you to trade cryptocurrencies using algorithmic functions, namely a bot for trading cryptocurrencies. To use this tool, the user must navigate to the Spot Trading tab and then click on Trading Bot. Brokerage (ОТС) Users with the help of brokerage, traders can make transactions without the participation of intermediaries. To use this feature, the user must be verified. Types of orders on the Huobi exchange Platform users can use 4 order types for their trading: A limit order is an order to buy or sell that is executed instantly at the current market price. Stop limit order – This type of order is only executed at a pre-set price. A limit order allows users to manage risk and limit financial losses. When placing an order, the user specifies a stop price and a limit price in the settings. The stop price is responsible for placing a limit order (a digital coin reaches a certain price point). The limit price is the price of the limit order at which it will be executed. Trigger order – this order is executed only under certain conditions. The user sets the order value and contract volume. The order is executed if the price of the asset reaches the trigger. Additional earning opportunities on Huobi Staking Staking is a type of earning by storing tokens on the PoS (Proof of Stake) algorithm. Thus, the user of the exchange ensures the operability of the blockchain and receives income for this. Primepool Primepool is a service that is designed to lock up digital coins in order to receive new tokens during airdrops. Huobi Earn This is a product that allows users of the exchange to earn by storing digital assets. Users are allowed to convert a portion of their retention funds into flexible and fixed income, which adds up to annual income. Please note that this feature is only available to verified users. ETH 2.0 In 2020, the exchange introduced a new feature  ETH 2.0 in one click designed to support ETH 2.0 staking. The user deposits ETH as BETH with a single click and participates in mining ETH 2.0 with proof of staking. Beacon ETH (BETH) is a coin that is created to reward validators for confirming transactions in the blockchain. This token can also be purchased with ETH. Crypto loans The exchange allows the use of the crypto-loans feature. With this feature, users can loan their funds to other users. Users can borrow thirty and more digital coins for 30 – 90 days. Education Huobi also has a separate platform of knowledge base that allows users to learn about digital coin operation, cryptocurrency investing, and blockchain. Referral program  Each user of the crypto exchange can take part in the Huobi referral program and become a partner of the cryptocurrency exchange. Participants of the referral program receive up to 40% of commissions when trading in the spot market and 30% of trading in the futures market. How to register on the Huobi cryptocurrency exchange? The procedure for registering on the Huobi is no different from registering on other crypto exchanges. To register on Huobi, the user needs to follow the steps below: Click the Register button. Fill out the registration form (indicate phone number and email address). Confirm user agreement. Click the Register button. Then the user will receive a code to confirm registration by email or phone number (depending on the selected registration method). The user must enter this code to complete registration. Account Verification Huobi does not require users to complete identity verification. That is, users can trade anonymously. However, keep in mind that users who have verified their identity can withdraw more funds and secure their accounts. To pass verification, the user must: Go to your personal account. Click on the profile icon. Select verification, and specify the country and type of document. Then you must specify the document number and personal data (first and last

What is Kraken? Kraken is the oldest and the largest crypto exchange in the world, which ranks 4th in terms of trading volume, and the number of exchange users reaches more than 9 million people. Kraken has become the best crypto exchange for acquiring digital assets because the platform allows users to invest in cryptocurrencies with different start-up finance capital.  Investors and traders can buy more than 185 cryptocurrencies from over 190 countries.  In addition, Kraken crypto exchange offers various solutions including OTC, margin, and futures trading. Let’s take a closer look at Kraken’s features, fees, mobile app, and other opportunities provided by this platform. History of the Kraken Crypto Exchange The Kraken exchange was founded in the USA in 2011 by Jesse Powell. The main office of the company is located in California, San Francisco. At first, the work of the crypto exchange was almost imperceptible, however, in 2014 the situation changed and the popularity of the exchange began to grow. At that time, the MtGox exchange, which had a certain influence on the crypto market, went bankrupt and most investors and traders began to invest and trade on Kraken, which offered good and favorable conditions for trading. In 2017, the platform was subjected to hacker attacks, as a result of which the platform did not work for several days. On September 22, 2022, the CEO and co-founder of the crypto exchange, Jesse Powell, resigned. According to information provided by the exchange itself, the current COO David Ripley has become the new CEO. Powell himself, as the largest shareholder, retained the chairman of the board of directors. Registration and Crypto Exchange Interface The interface of the Kraken cryptocurrency exchange is intuitive for users and even beginners can use it. The exchange also supports 13 languages. The user can change the language in the Language tab, which is located at the bottom of the site. Users are allowed to register 4 types of accounts: Starter. This type of account allows users to trade on the margin market, deposit and withdraw funds in crypto, buy, sell and exchange cryptocurrency). Express. Availability of such an account allows users to deposit cash – $9k lifetime limit, withdraw cash – $9k monthly limit, and exchange funds – unlimited. Intermediate. This type of account includes all the features of the basic account, as well as buying, selling, exchanging regular money, withdrawing, trading crypto futures, depositing and withdrawing funds in fiat, and high transfer limits. Pro. Everything is included as in an average account plus individual transfer limits, trading with the largest leverage in the margin market, high API limits, and OTC trading. The following tabs are available in the user’s account: Settings Security History Verification Withdrawing funds The user will see the following tabs on the trading page: Order. Orders (new, open, and closed). Positions (open and closed). Trades. Kraken allows you to create simple, medium, and complex orders. The personal account also displays the user’s trading balances and his current and next commission (depending on the total trading volume). The registration process on the Kraken crypto exchange is not particularly different from other crypto exchanges. To register, the user must: Go to the official website of the crypto exchange. Then click create an account in the upper right corner or start. Next, you need to fill out the registration form, in which the user specifies an email address, a name that will be used as a login, and come up with a password. Specify a location. Click the Create account button. Next, an activation code will be sent to your email, which you must enter. Also, the user can confirm the registration by simply clicking on the link in the email. Confirm that the user is not a robot and click the Activate account button. After the account is activated, the user can go to the personal account and proceed with the settings. Verification on the Kraken cryptocurrency exchange To conduct any transactions with cryptocurrency, the user must pass identity verification. To pass verification, a user needs to go to the Verification tab, select the type of account, click on the Verification button and enter personal data. Requirements for Starter account verification: First and last name E-mail address Address of residence Phone number Requirements for verification of express account: Email Full name Date of birth Phone number Physical address Requirements for intermediate account verification: First and last name E-mail address Address of residence Phone number Identification Email verification Photo Occupation Requirements for Pro account verification: First and last name E-mail address Address of residence Phone number Identification Email verification A photo Occupation Financial statements AML check. Verification allows users to expand the functionality of the crypto exchange and increase the limits on deposits and withdrawals. Two-factor authentication To maximize the security of your account on the Kraken crypto exchange, the user can set up two-factor authentication. To do this, the user will need to select the Security tab, then select the following 2AF methods: Static password. In this case, the user’s password remains unchanged. Authenticator App. A mobile app like Google Authenticator generates a one-time 6-8 digit password. Yubikey. An authentication device that issues one-time passwords when pressed or touched. After the user selects the 2FA method, he must connect it. Fees The most important action on any crypto exchange is the replenishment of the balance. There are no fees for a deposit on the Kraken cryptocurrency exchange, but when withdrawing funds, the fee rate depends on the withdrawal currency.  When placing an order to buy, sell or convert through the Buy Crypto widget, the Kraken transaction fee is 1.5%. If you buy a stablecoin with another stablecoin (USDT, DAI, or USDC) or buy them with USD, the transaction fee is 0.9%. The exchange also charges a fee for processing payments: Payment card transactions – 3.75% + $0.25 Digital wallet payment transactions – 3.75% + $0.25 Internet banking/ACH transactions – 0.5% Kraken trading fees are directly dependent on the volume: the more a

What is Decentraland (MANA)? Decentraland is a platform of virtual reality or virtual world operated by the Ethereum blockchain. Users investigate the metaverse of the project and fill it with content. In Decentraland, users create different interactive objects and artifacts. Items and land are non-fungible tokens in this virtual world. They are traded on the internal marketplace. The platform uses MANA and LAND coins. Non-fungible LAND tokens are plots of land, and MANA is used for settlement and management. The Decentraland Metaverse is run by a Decentralized Autonomous Organization (DAO). What are LAND and MANA? As already mentioned, MANA is an internal digital coin on the Decentraland platform. However, this cryptocurrency does not just work as a digital currency. MANA also grants each of its owners the right to vote in the DAO of the Decentraland platform. To participate in the governance of the DAO, users convert their MANA tokens into packaged MANA tokens (wMANA) and commit them to the DAO. Each wMANA token represents one vote in governance proposals. You can purchase MANA on the exchanges or re-sell collectibles on the Decentraland Marketplace. The DAO also has its own MANA treasury for funding its own decisions and operations. LAND is a non-fungible token representing pieces of land owned by community players. Like MANA, it is part of the Decentraland governance protocol and provides voting rights. However, LAND does not need to be fixed in the DAO. In addition, each LAND token provides two thousand votes. Players holding multiple parcels of land can link them together into a single Estate token with voting rights equal to the value of the parcels linked to it. History of Decentraland (MANA) Decentraland was launched after the Initial Coin Offering (ICO) which was held in 2017. The team project could attract investments of $24 million. The virtual world was released as a closed beta in 2019 and released to the public eye in February 2020, including LAND sections, interactive games, extensive 3D scenes, and many other interactive features. The platform has its own coins – MANA and LAND. LAND are non-fungible tokens that represent land. These tokens can be purchased or sold on the Decentraland Marketplace trading platform. In turn, MANA is used to pay for internal platform services such as avatars, wearables, names, etc. Who are the founders of Decentraland? Decentraland was founded by Ari Meilich and Esteban Ordano who have retired from their core positions in the project but still operate together with Decentraland as advisors. Ari Meilich previously served as Project Manager at Decentraland between 2017 and 2020 and is an entrepreneur who has launched several other projects such as an online translation agency and a CRM platform. He also operated as an analyst at Charles River Ventures, a renowned venture capital firm in Silicon Valley. On the other side, Esteban Ordano is the former CTO of Decentraland, a software engineer at BitPay, Inc., who had worked in the cryptocurrency area for a long time. Besides, he was an advisor to the Matic Network (MATIC), and for a while managed his own smart contract development company, Smart Contract Solutions. Esteban is credited as the co-founder of Zeppelin Solutions, a blockchain technology infrastructure company. What does Decentraland make unique? Decentraland is designed for individuals, content creators, and businesses, searching for a new artistic environment, business opportunity, or source of entertainment. In total, the Decentraland game world, referred to as the “Metaverse”, is divided into 90,601 separate parcels of land (LAND), each of which is represented by a non-fungible ERC-721 token. Each LAND is 16m x 16m (100 square meters) in size and can be found by the determination of coordinates in the Metaverse. While LAND owners are free to develop their parcels of land how they want, most of the Metaverse as a whole is divided into several districts, each of different sizes and themes. These districts were created through individual MANA tokens crowdsales, and LAND parcels in these districts can’t be sold. As of January 2021, cyberpunk-themed Aetheria is the largest area with a total of 8008 LANDs. Decentraland is also one of a growing number of projects using the Decentralized Autonomous Organization (DAO) structure to make management decisions. As a result, MANA token holders control the behavior of the Decentraland world by suggesting and voting on policy updates, the peculiarities of upcoming LAND auctions, and the content types allowed in the Metaverse. In addition to being creative, many Decentraland users are currently monetizing their LAND through rentals, advertising, and paid services. Similarly, other users earn money by making and selling items for MANA tokens on the Decentraland marketplace. How many Decentraland (MANA) tokens are in circulation? As of August 2022, there are 1,852,422,297 MANA tokens in circulation. The initial total offer was identified at 2.8 billion MANA, but this has since declined as more than 600 million MANA tokens burned as a consequence of LAND auctions. There are also a number of additional burn mechanisms for further reductions in the circulating MANA supply, including burning 2.5% of MANA in transactions on the Decentraland marketplace. Initially, MANA was designed for 8 percent inflation in the first year, which contributed to reducing inflation. But inflation is currently disabled. According to Decentraland’s glossary, there are no plans to initiate this inflation “before it is necessary.” A total of 40% of the MANA was sold during the Initial Coin Offering (ICO) in 2017. Additionally, 20% was got for community incentives, 20% went to the development team and other early contributors, and the remaining 20% ​​is owned by Decentraland. Lead Project Tokens are no longer transferable. Decentraland Network Security Developers of Decentraland use code TypeScript to create scenes in a registry called metaverse2. The protocol secures the system that hosts the VR ecosystem and is being built to support a growing number of participants. Additional security is provided through the support of Ethereum. User ownership of LAND is secured at the first level of the system as the system monitors and records purchases of

CEX.IO: Best Crypto Exchange CEX.io is a crypto exchange that offers a fast exchange of digital assets, cryptocurrency trading in the spot market, and CFD trading. On this platform, traders can trade Bitcoin, Ethereum, Litecoin, Tether, Cardano, Binance Coin, Bitcoin Cash, and dozens of other cryptocurrencies. In addition, trading in fiat currencies is available on the exchange, such as the dollar, euro, British pound, etc. The purchase/sale of cryptocurrency is carried out directly from a bank card. The exchange allows simplified investment in cryptocurrencies, lending, and a one-level referral program. Users can trade on the crypto exchange through the web version of the site or the mobile app. The amount of trading commissions depends on the volume of trades. History Crypto exchange СEX.IO was developed in London in 2013 and is the first provider of cloud mining. The exchange was the owner of one of the largest mining pools in the world, which was called GHash.IO. After some time on the platform, it became possible to exchange digital assets for ordinary money, and the CEX.IO team decided to develop the platform as a full-fledged cryptocurrency exchange that provides all the necessary conditions for crypto trading. In January 2015, the platform stopped providing cloud mining services and the exchange began to position itself as a full-fledged trading platform. The exchange began to use fiat currencies. So, for example, in 2014, the dollar was added to the exchange, and in September of the same year, the euro was added. In 2016, the CEX.IO cryptocurrency exchange received a PCI DSS Level 2 certification, which allowed it to interact with the most popular payment systems. In 2015, the exchange team also developed a mobile application. In 2016, the exchange’s users had access to the margin trading service and the affiliate program. In the second half of 2017, there were 1 million users on the exchange. Now CEX.IO is one of the most popular and multifunctional crypto exchanges, which provides its services in almost all countries of the world. The platform is officially registered in the UK and has MSB status with FinCEN in the US. CEX.IO is considered a legal platform that provides its services for trading and exchanging cryptocurrencies. Registration on CEX.IO The registration process on the exchange is very simple and does not require the user to specify additional information. All you need to provide is an email address and a unique password to secure your account. Users can also register on the exchange through social media. However, it is not recommended to link the platform account where the user will store his funds to social networks for security reasons. To register on the exchange, the user needs to click on the registration button in the upper right corner, fill out the registration form, accept the terms of the agreement, click the checkmark in the captcha “I’m not a robot”, and confirm the email. The exchange will then prompt the user to verify their identity using two-factor authentication. To pass verification, the user must perform the following steps: Provide a document that confirms the identity (passport, driver’s license, etc.). Take a photo with a document that identifies the person. Provide a document that confirms the user’s residential address (utility bills, bank statement, etc.) Important! All copies of documents must be of good quality and made no more than 3 months ago. Verification of documents takes about a day. Two-factor authentication The user can enable two-factor authentication to secure his account on the crypto exchange. To do this, he needs to choose one of the ways to get a temporary password to access his account: Google Authenticator  SMS The most reliable way to protect your account on the CEX.IO exchange is Google Authenticator. But if the user does not want to set up additional account protection, he can postpone the setting for a while or completely abandon it by clicking on Keep 2FA disabled. How to replenish the balance on the CEX.IO exchange? To work with the exchange, the user needs to replenish his balance. As we said earlier, the exchange works with both fiat money and cryptocurrency. You can replenish the balance on the exchange as follows: Bank cards Visa/MasterCard. SEPA/SWIFT. Replenish the balance with any digital coin that is supported on the exchange. The list of payment systems to which the user has access may vary depending on the level of verification. To deposit funds to your balance, the user must go to his personal account in the Finance section, then go to the Balance tab and click Deposit. It is worth noting that the minimum deposit amount is set for each coin separately. Here the funds on the exchange are carried out without commission. However, users need to keep in mind that banks through which the user replenishes their balance may charge transaction fees. Therefore, we strongly recommend that you familiarize yourself with the conditions and commissions of the bank through which the user replenishes his balance on the exchange. How to withdraw money from the CEX.IO exchange? To withdraw funds from CEX.IO fiat accounts, you need to pass two-factor authentication. Then the user can use the same payment methods for withdrawing funds as for replenishing the balance: USD can be withdrawn to Visa, Mastercard, bank transfer, or ACH payment system. The minimum withdrawal amount is $20. Withdrawal of funds in EUR is carried out using Visa, Mastercard, bank transfer, or SEPA. The minimum amount that can be withdrawn is 20€. Payment systems for withdrawing funds in GBP: Visa, Mastercard, bank transfer, and Faster Payments. The minimum withdrawal amount is £15. RUB can only be withdrawn using Visa / Mastercard, and the minimum amount that can be withdrawn from the exchange account is 1200 rubles. To withdraw digital assets, the user needs to specify the address of the crypto wallet and the transfer amount. The minimum withdrawal amount depends on the digital asset: Bitcoin – 0.01 BTC Ethereum – 0.01 ETH Litecoin – 0.1 LTC Bitcoin Cash – 0.01

Top cryptocurrencies 2022: Bitcoin, Altcoins, and Tokens Today, there are more than 5,000 types of cryptocurrencies, which indicates the vast popularity and demand for digital currency. Cryptocurrencies are conventionally divided into bitcoin, altcoins (among them stablecoins), and tokens (including DeFi tokens). Each of these digital currencies has its own characteristics. Many people think that bitcoins and altcoins are money. But, there is not so. Bitcoins and altcoins are complex digital products that have their own crypto code and encrypted record. And, in order to obtain the status of an electronic currency, they go through a very complex mechanism of processing and transformation using special technologies. In this article, we will take a closer look at the meaning of cryptocurrency, the types of cryptocurrencies, and their features. What is cryptocurrency? Cryptocurrency is a digital currency that is not regulated by the state. No government in the world can influence the release and transfer of this currency since all data is encrypted. There are many types of cryptocurrencies today. Among them are the most popular ones: Bitcoin, Litecoin, Ether, Bitcoin Cash, Ripple, etc. Advantages of cryptocurrency Lack of intermediaries Safety Reliability Decentralization Anonymity Cryptocurrency is not subject to inflation Disadvantages of cryptocurrencies  Risk of being banned by government authorities Volatility Liquidity Types of cryptocurrencies Bitcoin (BTC) This cryptocurrency appeared the first and today remains the leading electronic coin.  Bitcoin is a decentralized electronic payment system that provides the ability to make transactions without the participation of a bank or other financial institution.  This cryptocurrency is considered a digital alternative to fiat money and gold.  Bitcoin, like many other currencies, has its own risks that should be kept in mind by all users of this currency:  – significant cost fluctuations of BTC during trading; – the external risk of how this cryptocurrency will be regulated. Altcoins  After Bitcoin was successfully launched in 2008, many other cryptocurrencies began to appear, which are considered an alternative to Bitcoin and are called Altcoins. Types of Altcoins Litecoin (LTC) This currency was created by Charlie Lee in 2011. Litecoin is one of the first cryptocurrencies to emerge after Bitcoin. This cryptocurrency was created as an analog of bitcoin. Litecoin is known for generating new blocks more quickly, which allows making transactions faster. Ethereum (ETH)  Ethereum was created in 2015; its tasks are significantly different from those of Bitcoin.  Ethereum is a kind of cryptocurrency and blockchain program that allows developers to create and run applications (DApps) and smart contracts. Ripple (XRP) Ripple (XRP) was launched in 2012. Ripple is a network that provides users with fast payments and charges minimal fees. Ripple’s goal is to provide the ability to send money from different parts of the world. This advantage has made this cryptocurrency especially attractive for banks looking to settle international transactions. Unlike bitcoins and other altcoins, Ripple uses less processing power as it does not require mining. These cryptocurrencies are considered one of the most famous of the altcoins, but there are other types of altcoins. New altcoins are also emerging very often today. Like Bitcoin, all kinds of altcoins can operate independently on their own networks through the use of distributed ledger technology (DLT). The most popular type of DLT is blockchain technology. Altcoin becomes unique due to variations in the base code of each protocol. Tokens This type of crypto does not have its own blockchain, so it cannot exist on its own like bitcoin and altcoin. Therefore, tokens are installed on the blockchain of another cryptocurrency. Tokens are installed on blockchains of such cryptocurrencies as:  Ethereum Omni Neo Tron Most demanded tokens such as Chainlink, UNUS SED LEO, Huobi Token, and Maker are placed on the Ethereum blockchain. What cryptocurrency to invest in 2022? Based on the res earch of analysts and professional traders of Cryptorobotics, we have compiled a list of digital assets worth investing in 2022. Bitcoin (BTC) Ethereum (ETH) Cosmos (ATOM) Solana (SOL) Polkadot (DOT) Binance (BNB) Cardano (ADA) Conclusion Cryptocurrency has entered our daily life and is one of the most convenient ways to make transactions. Electronic currency is gaining more and more popularity, especially during a pandemic and economic crisis. Moreover, it is not only profitable and convenient to make purchases with cryptocurrency, but also to invest in it. Today, there are different types of electronic currencies, and it is important to choose a cryptocurrency for use that is more reliable and stable. Thus, you will have the opportunity to make a profitable investment and get huge profits from it. READ MORE: Investing in cryptocurrency: how to start and reduce risks

Liquidity Pools in DeFi and How Do They Work? Liquidity is considered one of the essential factors in the traditional and cryptocurrency markets. This factor strongly affects asset prices. Meaning of liquidity pools In DeFi, liquidity pools are tokens blocked into a smart contract to contribute to effective asset trading while giving an opportunity to investors to make an income from holdings of cryptocurrency.  A liquidity pool is not that other than an automated market maker that enables liquidity for preventing assets price from large price fluctuations. Usual exchanges operate using an order book model. It works well if there are enough buyers and sellers in the market. But if the situation is another, tokens lack liquidity because of low volume or percentage. For this reason, it becomes difficult to buy and sell tokens. These illiquid tokens can cause unpredictable fluctuations in the price for a few large individual transactions. Thus, tokens that have high price volatility and inefficient conversions will not attract investors. Liquidity pools vs. Order books To get more information about how liquidity pools differ, we will consider the fundamental e-commerce building block, known as the order book. In simple terms, an order book is several open orders for this market. A system that compares orders with each other is named a matching engine.  Alongside the matching engine, the order book is considered the core of any centralized exchange (CEX). This working model is intended to make easily efficient exchanges and provide an opportunity to develop complex financial markets. However, DeFi trading involves the execution of tradings within the network without a centralized party that owns the funds. This creates a problem for the order book. Each interaction with the order book obligates users to pay a gas fee, making the trades much more expensive. Besides, it also makes the work of market makers, traders who ensure liquidity for trading pairs, very expensive. Nevertheless, most blockchains cannot provide the necessary bandwidth for the daily trading of billions of dollars. This means that in a blockchain such as Ethereum, exchanging the on-chain order book is virtually impossible. You can use sidechain or layer-two solutions that are already in development. However, the network cannot handle bandwidth in its current form. It should be noted that there are DEXes operating well with on-chain order books. Binance DEX is based on Binance Chain, and it’s specially created for fast and cheap trading. Another example is Project Serum which is based on the Solana blockchain. Still, as most digital assets are in Ethereum, you can’t trade them on other networks if you don’t use a cross-chain bridge.  How do Liquidity Pools function? Automated market makers (AMM) is an innovation that provides on-chain trading without the necessity to use an order book. Since no direct counterparty is required to complete trades, traders can enter and exit positions on token pairs that are likely not highly liquid on order book exchanges. Therefore, when you trade on an AMM, you’re executing the trade against the liquidity in the liquidity pool. If the buyer wants to make a purchase, the seller is not required in this case. What the buyer needs for buying a token is sufficient liquidity in the pool. What are liquidity pools used for? One of the kinds of use of the pool of liquidity is yield farming or liquidity mining. Liquidity pools are based on automated yield-generating platforms, where users can make investments by adding their funds to pools. After that, investors use them for generating yield. The distribution of new coins to the right people is considered problematic for cryptocurrency projects. Liquidity mining is one of the more successful ways to do it. In fact, The distribution of tokens among users is algorithmic, and only those users who add their tokens to the liquidity pool receive tokens. Thus, the newly created tokens are distributed in proportion to each user’s share in the pool., You should remember that these tokens can even be from other liquidity pools, which are called pool tokens. For instance, if you’re ensuring liquidity to Uniswap or lending funds to Compound, you’ll receive tokens that provide your share in the pool. You have the opportunity to deposit those coins into another pool and make a profit.  These chains can get quite complex since protocols integrate other pool tokens of the protocol into their products, etc. We can also consider governance as an option to use. If you want to make a formal governance proposal, you need a very high threshold of token votes. If the funds are pooled instead, users will be able to maintain the common cause that they consider essential to the protocol. One more emerging sector of DeFi is smart contract risk insurance. Many of these implementations are also supported by liquidity pools. An even more advanced use of liquidity pools is called tranching. This concept was borrowed from the traditional financial system, which divides financial products according to their risks and profits. Consequently, these products provide LP to choose individual risk and return profiles. Synthetic assets of minting that are based on the blockchain also depend on liquidity pools. To get a synthetic token that’s connected to any asset you’d like, you should do the following actions:  Put some collateral into the liquidity pool;  Turn it on to a reliable blockchain oracle.   Risks of liquidity pools Impermanent loss.  Impermanent loss can appear when you hold your coins in a liquidity pool instead of holding them onto a digital wallet or exchange. The liquidity pool’s value must always remain balanced. The volatility and fluctuations can lead to imbalances in the pool and an exit from the liquidity pool with more or fewer tokens than when depositing. The new ratio of tokens you exit with may cost less than if you kept the original ratio you entered with. Smart contract. When you add your coins to a liquidity pool, they are held in the pool. Although there are technically no intermediaries who store your funds,

What Is Bybit? Bybit is a crypto exchange for trading derivatives, where traders can open trades with up to 100x leverage on a certain number of assets. But that’s not all that can be traded. You can even trade quarterly futures contracts on this platform. These contracts expire according to their calendar cycle and converge to the spot price. One of the key benefits is that users no longer need to pay any funding fees. In this article, we will talk in detail about registration on the exchange, interface, opportunities, mobile application, account replenishment, NFT, various bonus, affiliate and referral programs, cryptocurrency trading, and other types of earnings on Bybit. History of Bybit Bybit was created in 2018 by Ben Zhou in Singapore. The crypto exchange is run by Bybit Fintech Limited, registered in the British Virgin Islands. Besides the founder, Tencent, Morgan Stanley, and other well-known names in the field of forex, blockchain, and banking also took part in creating the cryptocurrency ecosystem. Bybit currently has over 250 employees and more than 5 million registered users. Now Bybit is a user-friendly platform for newbies and experienced traders. Here they are engaged in derivatives and spot trading, purchasing and selling NFTs, and also depositing funds to receive passive income (Bybit Earn). An important part of the ecosystem has become the ability to invest in new coins at the stage of development. Bybit Exchange – Opportunities and Trading Spot Trading Spot trading is available on the Trade page. Users are offered a list of pairs, the obligatory participant of which is USDT, BTC, or USDC. You can limit your search to one of these cryptocurrencies. There is also a “Favorites” option that allows you to see the most popular pairs. Opposite each offer, the price of the last transaction and the percentage of its increase/decrease are displayed. The exchange offers three types of orders: limit orders market orders conditional orders Margin Trading The following margin trading options are available in the Derivatives section: Perpetual inverse; Perpetual USDT; Inverse futures. Promotions and Bonuses From ByBit The bonus program of the exchange provides incentives for both beginners and regular customers. To receive the first gift, you need to make a deposit in cryptocurrency. There can be several deposits, and 7 days are allotted for this. All participants in the Newbies Lucky promotion receive a 10% APY booster that allows you to increase your ByFi investment income for 3 days (USDT flexible staking, maximum bonus coupon income is limited to 20 USDT). If the monthly trading volume reaches $10,000, the client will receive a bonus in the form of their share of the 100,000 USDT prize pool. In addition, depending on the amount of the first replenishment, the company gives discount coupons: Minimum deposit                                 Reward $200                                                           $5 $1,000                                                       $10 $5,000                                                       $25 $10,000                                                    $40 Upon reaching a monthly turnover of $300 on spot or $10,000 on margin trading, beginners are entitled to $5 coupons. The same ones are provided when concluding transactions for 3 consecutive days and for subscribing to the exchange page on social media. Coupons cannot be cashed out, they are intended solely for paying commissions (except for those established when withdrawing funds). Bonuses only go towards margin calculation when trading futures and perpetual contracts. When submitting any withdrawal request, the promotion immediately terminates with the annulment of the results. Referral, Affiliate, and VIP Programs All gifts from ByBit are displayed in your account in the “My Rewards” section. The amount of the bonus or coupon is determined at the exchange rate in effect at the time of calculation. For example, with a reward of $40 and a current price of $40,000 per bitcoin, the client will receive 0.001 BTC. In addition to rewards for deposits and activities, you can also receive gifts for off-exchange activities. To do this, just register in a local referral program. Basic provisions: a beginner who registers using a referral code, replenishes the balance by an amount of $10 or more, and reaches a turnover of $2,000 on spots or $10,000 on derivatives, receives a bonus of $20; the same reward is paid to the user of ByBit who invited him; the number of referrals is not limited; paid advertising mentioning the name of the exchange is prohibited; when the referral’s turnover reaches a certain level, the invitee is given a special card with additional seasonal bonuses (up to $500 in USDT). The crypto exchange also allows users to participate in an affiliate program. Payments there can reach 30% of the turnover of the attracted client. Owners of their own Internet resources are invited to participate. Users whose total monthly turnover reached $10 million or $1 million on spots, as well as owners of capital from $250,000 in their account, can apply for participation in the VIP program. The status can also be obtained automatically if the user has previously earned a similar privilege on another exchange. VIP clients are entitled to a personal ambassador, round-the-clock premium service, exclusive bonuses, gifts, and discounts. Registration on the Bybit Exchange The registration process on the exchange takes less than a minute. The button to open the form is in the upper right corner. Registration on the ByBit exchange can be done using an email address or a

What Is Bybit? Bybit is a crypto exchange for trading derivatives, where traders can open trades with up to 100x leverage on a certain number of assets. But that’s not all that can be traded. You can even trade quarterly futures contracts on this platform. These contracts expire according to their calendar cycle and converge to the spot price. One of the key benefits is that users no longer need to pay any funding fees. In this article, we will talk in detail about registration on the exchange, interface, opportunities, mobile application, account replenishment, NFT, various bonus, affiliate and referral programs, cryptocurrency trading, and other types of earnings on Bybit. History of Bybit Bybit was created in 2018 by Ben Zhou in Singapore. The crypto exchange is run by Bybit Fintech Limited, registered in the British Virgin Islands. Besides the founder, Tencent, Morgan Stanley, and other well-known names in the field of forex, blockchain, and banking also took part in creating the cryptocurrency ecosystem. Bybit currently has over 250 employees and more than 5 million registered users. Now Bybit is a user-friendly platform for newbies and experienced traders. Here they are engaged in derivatives and spot trading, purchasing and selling NFTs, and also depositing funds to receive passive income (Bybit Earn). An important part of the ecosystem has become the ability to invest in new coins at the stage of development. Bybit Exchange – Opportunities and Trading Spot Trading Spot trading is available on the Trade page. Users are offered a list of pairs, the obligatory participant of which is USDT, BTC, or USDC. You can limit your search to one of these cryptocurrencies. There is also a “Favorites” option that allows you to see the most popular pairs. Opposite each offer, the price of the last transaction and the percentage of its increase/decrease are displayed. The exchange offers three types of orders: limit orders market orders conditional orders Margin Trading The following margin trading options are available in the Derivatives section: Perpetual inverse; Perpetual USDT; Inverse futures. Promotions and Bonuses From ByBit The bonus program of the exchange provides incentives for both beginners and regular customers. To receive the first gift, you need to make a deposit in cryptocurrency. There can be several deposits, and 7 days are allotted for this. All participants in the Newbies Lucky promotion receive a 10% APY booster that allows you to increase your ByFi investment income for 3 days (USDT flexible staking, maximum bonus coupon income is limited to 20 USDT). If the monthly trading volume reaches $10,000, the client will receive a bonus in the form of their share of the 100,000 USDT prize pool. In addition, depending on the amount of the first replenishment, the company gives discount coupons: Minimum deposit                                 Reward $200                                                           $5 $1,000                                                       $10 $5,000                                                       $25 $10,000                                                    $40 Upon reaching a monthly turnover of $300 on spot or $10,000 on margin trading, beginners are entitled to $5 coupons. The same ones are provided when concluding transactions for 3 consecutive days and for subscribing to the exchange page on social media. Coupons cannot be cashed out, they are intended solely for paying commissions (except for those established when withdrawing funds). Bonuses only go towards margin calculation when trading futures and perpetual contracts. When submitting any withdrawal request, the promotion immediately terminates with the annulment of the results. Referral, Affiliate, and VIP Programs All gifts from ByBit are displayed in your account in the “My Rewards” section. The amount of the bonus or coupon is determined at the exchange rate in effect at the time of calculation. For example, with a reward of $40 and a current price of $40,000 per bitcoin, the client will receive 0.001 BTC. In addition to rewards for deposits and activities, you can also receive gifts for off-exchange activities. To do this, just register in a local referral program. Basic provisions: a beginner who registers using a referral code, replenishes the balance by an amount of $10 or more, and reaches a turnover of $2,000 on spots or $10,000 on derivatives, receives a bonus of $20; the same reward is paid to the user of ByBit who invited him; the number of referrals is not limited; paid advertising mentioning the name of the exchange is prohibited; when the referral’s turnover reaches a certain level, the invitee is given a special card with additional seasonal bonuses (up to $500 in USDT). The crypto exchange also allows users to participate in an affiliate program. Payments there can reach 30% of the turnover of the attracted client. Owners of their own Internet resources are invited to participate. Users whose total monthly turnover reached $10 million or $1 million on spots, as well as owners of capital from $250,000 in their account, can apply for participation in the VIP program. The status can also be obtained automatically if the user has previously earned a similar privilege on another exchange. VIP clients are entitled to a personal ambassador, round-the-clock premium service, exclusive bonuses, gifts, and discounts. Registration on the Bybit Exchange The registration process on the exchange takes less than a minute. The button to open the form is in the upper right corner. Registration on the ByBit exchange can be done using an email address or a

What is Gate.io? Gate.io is a crypto trading platform. In terms of trading volume, it is among the TOP 10 largest cryptocurrency exchanges, as the simplicity of the interface and high security allow it to remain on the list of the best trading platforms. History of the Gate.io exchange Gate.io is one of the largest Chinese crypto exchanges, founded in 2013 by Lin Han. In 2015, the exchange was hacked, and as a result of which there were stolen 7,000 BTC from users’ cold wallets. Until 2017, the exchange was known as Bter.com. However, the service was forced to rebrand and become Gate.io when the Chinese government banned buying crypto for fiat in 2017. The resource closed its old domain, abandoned fiat-cryptocurrency trading pairs, and switched its focus to crypto-to-crypto trades and OTC trading of the Chinese Yuan. In 2019, Gate.io received $64 million in crypto for launching its own cryptocurrency and blockchain with help of an IEO (initial exchange offering). Currently, Gate.io is an exchange where trading volume and liquidity are not regulated in any way. The average trading volume on the platform is $797,247,188 per day.  This exchange is not available for work in: Cuba Iran Washington (USA) New York (USA) North Korea Pakistan Venezuela Crimea Sudan Syria Products of Gate.io Strategy Bot Copy Trading Crypto Loan Margin Borrowing Liquidity Mining Lending & Single-Asset Vault Cloud Mining Slot Auctions ETF Crypto trading on Gate.io Spot trading  When trading cryptocurrencies, your first experience will probably be a trade in the spot market. The Spot Trading section is presented in two versions: classic and professional. The classic version offers a standard set of tools (chart, coin price, order book, etc.) The professional version contains more functionality for trading and data analysis (a set of indicators, charting tools, etc.). Margin trading When a user plans to capitalize on an increase in value, he starts trading long. Starting trading with leverage, additional funds become available to the client of the service. In the BTC/USDT pair, funds can be increased by 10 times. This means that if a trader has 2 BTC, then the exchange will be able to provide him with 20 BTC at his disposal. This will make the user’s assets liquid. But if the trades are unsuccessful, then the losses will increase. Traders can open both short and long positions during margin trading on the exchange. If the user has chosen a pair of BTC/USDT and is sure that the value of bitcoin will increase, then he takes leverage in USDT and buys bitcoins at a bargain price. After that, he will sell BTC at a higher price. This is called a long position. If the trader assumes a further decrease in the price of BTC, then he takes leverage in BTC in order to resell it at a high price and then buy it at a low one. This is called a short position. Futures trading  On the exchange, 22 pairs of currencies are available to users. Like futures, contracts can go up or down. But they don’t have an expiration date. In 2019, Gate.io launched the trading of BitTorrent Token contracts. For most currencies, contracts are traded with a leverage of 20 or more. The exception is BTC/USD – 100, and ETH/USD – 50. When a transaction is made, a commission of 0.075% for the taker and 0.025% for the maker must be paid. The available number of contracts is 1 million. Gate.io Mobile Application The crypto exchange has its own mobile application for Android and iOS.  It offers the trader the same set of functions as the platform’s desktop site. Downloading the software is absolutely free. Since the trading platform is not subject to Google restrictions, you can download the Gate.io app for Android directly from the Play Market. To do this, you need to enter the name of the exchange in the search bar of the store, open the program page, and then click the “Install” button. Downloading the app for the iPhone is also carried out in a standard way. You need to open the App Store, enter the name of the service, and click “Download” on the software page. Gate.io Fees Like most crypto exchanges, Gate.io charges fees for certain services. For example, if you decide to trade on this platform, you will not pay commissions for making deposits, but you will have to pay 0.2% for spot trading and margin trading. There is also a small fee for withdrawing funds, which varies depending on the cryptocurrency. Security Gate.io Gate.io uses various methods to protect user funds: Two-factor authentication (2FA) with Google Authenticator. SMS 2FA. User verification. Additional password for withdrawal of funds. Anti-phishing code. Unfortunately, the platform does not use Universal 2nd Factor (U2F) protection, which is considered the most secure way to protect against unauthorized access to your account. In addition, Gate.io secures user funds using both hot and cold wallets and other security methods. It is known that accounts with a large deposit must go through an extensive verification procedure (KYC&KYC2) in order to process withdrawals immediately. Despite mandatory KYC verification, Gate.io is still an unregulated exchange and its legal status and obligations to customers are still unclear.  However, Gate.io has taken note of past mistakes and is now ranked as the second most secure platform according to CER’s top 100 exchanges in terms of cybersecurity. What Cryptorobotics tools can be used on Gate.io exchange? Nowadays, Cryptorobotics is the best free trading platform that gives various ways to trade on the 15 best crypto exchanges including Gate.io.  The Cryptorobotics team has created algorithmic and manual trading tools that enable traders to effectively manage their portfolios, increase profits, and limit losses. All tools are suitable for both beginners and experienced traders. Let us consider in more detail what opportunities the Cryptorobotics trading platform provides to traders. Users of the platform can freely use manual trading, stop-limit orders, technical analysis, enter trades on 15 cryptocurrency exchanges, etc.  In order to use more

Binance crypto exchange Binance is the largest crypto exchange with the largest number of trading pairs. Binance operates worldwide, offering various crypto trading tools for buying cryptocurrencies with fiat money and quickly withdrawing income to a card. Binance provides its users with access to 40 languages so they can choose any language on the exchange as well as trade their favorite currency, including fiat. As the largest exchange, Binance offers the most options for its users. Users can use the professional interface of the exchange with a huge number of features, including analytics from TradingView, or switch the interface to “Lite” mode, which is understandable even for beginners. The History of the Creation of the Binance Exchange  The Binance crypto exchange is registered in Malta and is owned by a Chinese large company, Beijing Technology. The company is run by Changpeng Zhao, who previously headed the blockchain development department and was also one of the owners and CTO of the Chinese crypto exchange called OKCoin. While working for OKCoin as a chief technology officer, the future creator of Binance began to think about his own crypto exchange. He decided to launch the crypto exchange in 2017 when the boom of ICO projects covered the crypto industry. During the crowdsale, the CEO of Binance collected the necessary $15 million in just a month.  Initially, the platform had about 20 thousand users. The number of users of the crypto exchange grew dynamically, and at the beginning of 2018, the team of the platform decided to update the site to improve performance. This crypto exchange became the largest platform worldwide in terms of trading volume in January 2018. Since 2020, the average daily turnover of funds has exceeded 3 billion dollars and continues to grow.  Nowadays, trading volume on Binance is $11,790,101,729. The name of the founder of Binance is constantly in the public eye. He was on the cover of Forbes and continues to enhance his empire. And the rest of the team are professionals with successful experience on Wall Street in the field of crypto, and the result of the team’s work speaks for itself. Own Cryptocurrencies Binance has two internal tokens – BNB and BUSD. The BNB coin is designed to support the platform ecosystem and has many use cases. For example, it can be used to:  receive  up to 50% discount on transaction fees; purchases of tokens in the Launchpad section; use staking and receive dividends through Launchpool; use as a gas in BNB Chain transactions; pay for goods and trading services on the exchange. BUSD is a stablecoin from Binance, pegged to the dollar at a ratio of 1:1. The coin can be used for trading, while transactions will have a zero fee for a maker. There is also no fee if you want to convert BUSD to other stablecoins or buy the coin with fiat. Products Exchange Academy Binance Live Card Charity Labs Trust Wallet NFT Launchpad Research Binance Pay Binance Gift Card, etc. Mobile and Desktop Application For the convenience of users, the exchange team has developed a mobile and desktop application. You can install the mobile application from the official GooglePlay and App Store, as well as on the “Downloads” page on the official website of the exchange. In the same section, you can find the desktop version of the application for macOS and Windows. Fees on Binance An important advantage of the site is the low fees, which are obtained due to unusually high trading volumes for 24 hours. The basic trading fee on Binance is 0.1%, which is one of the lowest fees in the crypto market. At the same time, the rate can be reduced if there is a certain amount of BNB in ​​the account.  But it is important to note that the rate on the Binance crypto exchange is floating, which means that each cryptocurrency is calculated separately. It is possible to get to know more about the fee rate on the crypto you are interested in at the link. What features of Cryptorobotics can users use on the Binance exchange? Binance trading bots Binance trading bots are software developed to buy and sell cryptocurrencies at the correct time and price. The purpose of this tool is to maximize profits, minimize risks, limit losses across multiple exchanges, and more. Cryptorobotics offers its users five types of trading bots for Binance: Optimus Cyberbot  Trade Holder Channeler AI Crypto Future Copytrading Copytrading is a type of algotrading tool owing to which trades are copied from one account to another. This tool ideally works for beginners in the crypto market. If a trader does not know the market trends and doesn’t have an idea of how the market works, Copytrading helps him get the necessary knowledge and experience. In addition, many experienced traders also use this tool to create a new trading strategy or save time to study the market more deeply. Autofollowing Autofollowing is a completely automatic function. This function works as follows: The bot gets the signals from analysts and processes them. After that, it starts to open orders. Autofollowing is suitable for both experienced and inexperienced traders and allows them to get a passive income by monitoring statistics. Crypto Signals Crypto signals are ideas from professional traders to buy or sell crypto at a certain price or time. Crypto trading signals are based on some factors, including technical analysis, current market trends, and news. This function is capable of bringing to traders a high profit and improving their trading strategy. Smart Ladder Orders Smart ladder orders allow you to implement grid trading. This is a type of quantitative trading strategy where a function allows traders to automatically buy and sell cryptocurrencies in the spot market. It places orders at specified intervals and price ranges. During grid trading, orders are placed above and below a set price, creating a grid of orders with progressively higher and lower prices. As a result, a trading grid is created. Besides, every user can

What is swing trading and how to trade it? Swing trading is a widely used trading strategy that can be ideal for experienced traders. Swing traders work in different financial markets such as cryptos, forex, and stocks.  But is swing trading suitable for you? Should you start day trading or swing trading? In this article, we will tell you what you need to know about swing trading cryptocurrencies and help you decide if it is worth using this strategy in your trading. What is swing trading? Swing trading is a trading strategy that includes trying to fix the price fluctuations that occur over short to medium time frames. In other words, the idea of ​​swing trading is to catch market swings that occur from a few days to a few weeks. The swing trading strategy works best in trending markets. If there is a strong trend in the higher timeframe, traders can take advantage of larger price swings and receive a good profit. In contrast, swing trading can be more difficult in a consolidating market. After all, if the market experiences a flat trend, it’s harder to catch big price changes. How do swing traders make money? As already mentioned, swing traders seek to capture price fluctuations that occur from a few days to a few weeks. Thus, swing traders will hold positions longer than day traders but less than investors who buy and hold crypto. Basically, swing traders usually use both technical and fundamental analysis to analyze the market. To determine trading positions, traders use the following types of technical analysis: candlestick charts, support and resistance levels, price movement, and technical indicators. Among the most common indicators for swing traders are moving averages, the Bollinger Bands, Relative Strength Index (RSI), and Fibonacci Bands. Swing traders usually use medium and long timeframes since the start of strong uptrends or downtrends can be identified over a longer timeframe. Also, swing traders can use intraday charts such as hourly, 4-hour, or 12-hour charts to determine entry and exit points when analyzing the market. For example, these points can be a breakout or a pullback in a shorter period of time. In addition, if a trader needs to allocate the most important period of time for swing trading, then it is necessary to use a daily chart. As for fundamental analysis, it is also necessary for swing trading since the news background and statistics may be the impetus for a new trend. Swing Trading vs. Day Trading Swing Trading Day Trading Swing traders profit from larger movements in the market. Day traders benefit from short-term market movements. This strategy doesn’t require constant monitoring of open positions. It is an active trading strategy as traders should often control the market. Swing traders typically use a combination of technical analysis and fundamental analysis, usually with more emphasis on technical aspects. During day trading, traders mostly use technical analysis. Swing traders leave open positions for more than one day. Day traders do not leave open positions for more than one day. How to start swing trading cryptocurrency on the Cryptorobotics platform? As we have already said, in order to start using a swing trading strategy, traders need to analyze the market using various crypto trading tools for tech analysis. With help of these crypto trading tools, traders can make the trading process more efficient and profitable. All this is provided to its users by the Cryptorobotics trading platform. This platform has all the necessary tools for both swing trading and day trading. Among them are various algorithmic tools and tools for manual trading. Traders can set stop loss and take profit to reduce the risk of losing funds and increase the chances of making a profit as well as turn on alerts to get instant messages when the price of a digital coin has been reached. To start using all the necessary tools for swing trading on the Cryptorobotics platform, you need to follow these steps: Go to this link. Register on the Cryptorobotics platform. Click on the “Trade” button. Create an account on one of the fifteen exchanges available on the Cryptorobotics platform. Link created exchange account to the platform. Select crypto pair. Customize the necessary trading tools. Start swing trading. Conclusion Swing trading is a widely used trading strategy in cryptocurrency and other financial markets. Swing traders usually stay in positions for several days or weeks, depending on the individual trading setup. Should you use swing trading or day trading? The easiest way to figure out the most suitable trading strategy for you is to try both swing and day trading. It can also be helpful to learn how to manage risk using stop loss, take profit as well as proper position sizing techniques before you start crypto trading. READ MORE: Investing in cryptocurrency: how to start and reduce risks

OKX: How Does a Crypto Exchange Work? OKX (OKEx) is one of the largest cryptocurrency exchanges in the world. It features more than 485 instruments, as well as about 30 fiat currencies. History The OKX cryptocurrency exchange opened in Hong Kong in 2014 under the name OKEx. It is included in the same group as one of the oldest platforms on the OkCoin market. In 2018, the platform officially moved to Malta. More than 485 trading instruments are presented on OKX for market players, as well as about 30 fiat currencies. At the same time, the platform offers not only crypto trading, but also trade futures using bitcoin, ether, litecoin, XRP, and some other virtual assets. In January 2022, OKEx officially announced its name change to OKX and rebranding of the company. As a result of the rebranding, the design of the crypto exchange has changed, and plans for the future development of the brand have been revised. The company also indicated that it has made significant progress in 2021. There is now a single account on the exchange, currency conversion has become possible, and an NFT platform has appeared, with which you can create your own token. “We are building something much more than a centralized exchange. Now is the time to develop our brand to reflect what we are striving for,” the company said in the press release. According to the company, they decided to remove the combination “Ex” from the name, which meant “exchange” as the resource has already gone beyond the standard trading platform. “We are pushing the boundaries of the classic concept of the exchange and its capabilities by offering a wide range of services based on blockchain technology, including spot and margin trading, options, perpetual swaps, DeFi, NFT, staking, mining, and lending,” the official OKX’s statement says. The exchange noted that the project has come a long way from a cryptocurrency trading platform to a real ecosystem. Registration on OKX In order to conduct transactions on the OKX exchange, users need to undergo mandatory verification. To withdraw funds, the first level of verification is required. Clients of the site must provide the following data: their first and last name, citizenship, as well as the number of an identity document. To work with fiat currencies, the user needs to pass a more advanced verification. At the end of December 2021, OKX introduced updated conditions for becoming a VIP client of the platform. The changes are aimed at facilitating verification as a unique site user with extended privileges, as well as reducing commission fees. Tools for Crypto Trading on OKX The OKX exchange offers trading in over 200 cryptocurrencies. It provides an opportunity to buy the digital assets presented on it with the help of 30 fiat currencies. To carry out the operation, the user needs to choose which cryptocurrency he wants to purchase, place an order, and confirm the payment card details. In addition, the platform has a spot market with the possibility of margin trading, a futures market, and perpetual swaps. The last ones are divided into two subspecies – cryptocurrency and USDT. The maximum leverage for margin trading in the spot market is x10, and it is x125 for futures and swaps. There are two modes for margin trading on the crypto exchange: cross margin and isolated margin. Similar modes are intended for futures and swaps trading. Products of the OKX exchange Earn Loan Staking Mining Jumpstart Slot auction Learn OKX Pool Bridge Depositing and withdrawing funds on OKX The OKX crypto exchange does not imply any restrictions on account replenishment. There is a minimum threshold for each cryptocurrency: Bitcoin – 0.00005 BTC; Ethereum – 0.01 ETH. For the withdrawal of each digital coin, a commission is fixed: for Bitcoin – 0.0005 BTC, for Ethereum – 0.004 ETH. The withdrawal limit depends on the verification level. Commissions are calculated using the maker/taker system. The platform has created a special system for each type of market: spot, futures, swaps, and options. Rewards The exchange offers users to receive free bitcoins by completing certain tasks (starter or advanced). You can also compete for awards from your mobile device by downloading the OKX apps. OKX referral program To take advantage of the OKX referral program, the user needs to send an affiliate link to the addressee. As soon as the referral passes verification on the exchange and buys cryptocurrency or replenishes the account, the user who referred him receives 15 USDT as a discount on the commission. When an exchange client brings 5 ​​referrals to the site, he can become an OKX partner and start earning interest on commissions. Details can be found on the crypto exchange website. Affiliates Any user can join the affiliate program and earn commissions, and promote OKX. Affiliates receive up to 60% commission every time the users they invite make transactions on the exchange. If your referral becomes an OKX partner, you can earn 10% from the rewards of a sub-partner. OKX Broker Another option for additional income on OKX is to receive commissions from users of the exchange as a broker. By becoming a broker, the user can attract new users to the platform and receive a percentage of their commissions for this. The percentage of commissions is unlimited. It is calculated separately for each broker depending on its trading volume. Advantages Large international crypto exchange with trading volumes. The exchange has been operating in the market since 2013. Not required verification. Possibility of anonymous trading. Supporting 20 languages. A large list of supported cryptocurrencies. Supporting fiat. Deposit without commission. Available markets: spot, futures, perpetual swaps, options. Quick purchase of cryptocurrencies. P2P transactions. Reduced fees for VIP users and OKB token holders. Different types of orders. High security. Mobile application for iOS and Android. How to start trading on the OKX exchange via the Cryptorobotics platform? To start trading on OKX through the Cryptorobotics platform and use not only OKX, but also Cryptorobotics trading tools, users need to: Create

Top 3 Crypto Exchanges for 2022 Today, crypto exchanges are one of the ways to trade cryptocurrencies. Such platforms allow traders to buy and sell various digital coins and enter the cryptocurrency market with ease. Cryptocurrency exchanges do not have relatively large fees and users can use them from anywhere in the world. In addition, most cryptocurrency exchanges allow their users to use advanced features through which traders can quickly and efficiently enter and exit trades as well as store their assets in a secure crypto wallet. Therefore, an important step in crypto trading is the choice of a cryptocurrency exchange. We have selected for you the top 3 best crypto wallets. Best crypto exchanges Each cryptocurrency exchange in this list has its own characteristics, and we will try to give each of them a detailed description so that users can choose the most suitable option for themselves. Let’s find out which of these exchanges is best for you. Binance Binance is the world’s leading centralized cryptocurrency trading platform founded in 2017 by Changpeng Zhao, who has experience in developing solutions for the Tokyo Stock Exchange. The mission of the Binance cryptocurrency exchange is to provide infrastructure services for the ecosystem. And they are successfully fulfilling their mission by allowing traders to trade hundreds of popular digital coins on Binance, including Bitcoin, Litecoin, and Ethereum. It is worth noting that users do not have the opportunity to trade with regular money, they can only work with cryptocurrencies on Binance. Binance has gained huge popularity due to its low commissions, high liquidity functions, airdrops, and a number of discounts that can be used when using the exchange’s internal cryptocurrency – BNB (Binance Coin). Binance processes approximately 1.4 million orders per second and has over 15 million users worldwide. Therefore, in the short time, the exchange has existed, it has become a leader among other cryptocurrency exchanges. Like any other exchange, Binance provides its users with 24/7 cryptocurrency trading, fundraising, listing, and deposit/withdrawal services. In order to trade, the user must first go through the required registration and verification process, after which, the user will be able to access his account. If users have difficulty registering on the exchange, they can create a Binance sub-account on the Cryptorobotics platform and access all the services of the exchange. More detailed information can be found here. Main features Binance Pool Staking Farming Binance Crypto Loans Fees on the Binance cryptocurrency exchange User status        Spot trading          Futures trading           Fee rate                Fee rate Maker   Taker Maker    Taker Regular user 0.1000%  0.1000% 0.0200% 0.0400% VIP 1 0.0900%  0.1000% 0.0160% 0.0400% VIP 2 0.0800% 0.1000% 0.0140% 0.0350% VIP 3 0.0700% 0.1000% 0.0120% 0.0320% VIP 4 0.0200% 0.0400% 0.0100% 0.0300% VIP  5 0.0200% 0.0400% 0.0080% 0.0270% VIP 6 0.0200% 0.0400% 0.0060% 0.0250% VIP 7 0.0200% 0.0400% 0.0040% 0.0220% VIP 8 0.0200% 0.0400% 0.0020% 0.0200% VIP 9 0.0200% 0.0400% 0.0000% 0.0170% As we have already said, Binance differs from other exchanges with low fees and tempting offers. The fees on the Binance cryptocurrency exchange depend on whether the user is a maker or a taker, the status of the user (regular user or VIP user), and the type of trading (margin, futures, or spot). So, for example, the fixed rate of an ordinary user is 0.1%, and this is certainly attractive for any trader. If you use the Binance Futures platform, you will receive even lower fees. They start at 0.02% for makers and 0.04% for takers, which is very beneficial especially if the trader is making large trades. Withdrawal fees are updated frequently, and you can find new fee information here. Pros Wide range of services and features Impeccable reputation among users Wide range of cryptocurrencies Low fees Cons Complicated registration process Need to improve customer support Limited access in the USA Kraken Kraken is one of the largest cryptocurrency exchanges, which appeared two years after the launch of bitcoin as a means of payment. This platform was founded in 2011 by Jesse Powell, who has been working in the crypto industry since 2001. Kraken is known for its low transaction fees, user-friendly user interface, variety of features, high liquidity, 24/7 trading, and advanced security measures. The company claims that 100% of user funds are held securely in reserves and that they conduct audits to verify that all funds are stored correctly from a cryptographic point of view. After Mt.Gox was hacked causing the well-known exchange to lose nearly a million bitcoins, Kraken helped resolve the dispute. The exchange is currently available in the USA (except New York), Canada, the European Union, and Japan. The main mission of Kraken is to do everything possible to promote and adopt cryptocurrencies, and all users can benefit financially from it. Main Features Advanced features for trading Dark Pools (order book) OTC Staking Cryptowatch Fees on the Kraken exchange One of the main advantages of the Kraken exchange is the lack of fees that other platforms have. However, the user will still have to pay for some services. Below is a table with the services and fees of the crypto exchange.         Service name                                 Fees Buying stablecoins (USDT, USDC, or DAI) with USD or other stablecoins                                   0.9% Buying stablecoins with any other digital coins                                    1,5% Replenishment of balance in   cryptocurrency There is no fee if users have a minimum amount of 0.0001 BTC in their account or the same amount of funds in another digital currency. Replenishment of the balance with regular currency The amount of the commission can be from $0 to $10, depending on the partner

What is a Ladder Smart Order? Ladder smart orders are a type of smart orders that allow traders to open several trades in the form of ladders at once, as well as set ladder Take Profits and Stop Losses for them. The aim of this function helps traders implement a grid trading strategy. Ladder smart orders are an advanced way of placing orders. This type of order is available on both spot and futures exchanges. Ladder orders can be placed by opening a limit, market, or stop-limit order. Possibilities of ladder smart orders in the Cryptorobotics terminal Creating parameters of ladder smart orders: Smart ladder order to buy a coin with entry price averaging Goals in the form of a ladder for selling coins with partial closure on each goal. Goals in the form of a ladder for sale with the “target trailing” function (swap the Stop Loss level when the goals are reached) Trailing the last target at a given level. Standard Stop Loss or Candle Closing. Trailing Stop Loss. Move the Stop Loss level to breakeven when the specified parameter is reached In case of a change in the average entry price, you can set the calculation method for Take Profit and Stop Loss Setting the conditions of the sale, which determines the order of purchases and sales in the presence of ladders. Editing parameters of ladder smart orders: Monitor trade execution, average entry price, and current income. Adding buy orders or canceling outstanding orders. The ability to add targets for sale or delete/edit unfulfilled targets. Enable or disable such take profit parameters in the settings as a trailing ladder, and trailing distance. Enable/disable Stop loss parameters: trailing, breakeven. Editing the Trailing Stop Loss level. Changing the Stop Loss type: Standard, Candle closing. Possibility to cancel outstanding orders and sell all purchased volume using the Close all by market function. Cancellation of all outstanding orders is carried out using the Cancel function. Changing the Calculation method parameter (there are restrictions, not always available). Changing the sales condition setting (there are restrictions, not always available). Advantages of ladder smart orders Management of risks Ability to open short and long positions User-friendly interface An order can be opened on both futures and spot crypto exchanges Opportunity to earn high profits How to start using ladder smart orders in the Cryptorobotics trading terminal? Follow this link. Complete the registration process. Select the Trade tab. Select a trading pair. Select order type. Set the entry price and the number of digital assets for the first order. Click on the +Add order button and repeat the previous step (as many times as you want to divide your buy for). Specify leverage (if it is a futures exchange). Set up Take Profit. Click on the +Add target button and repeat the previous step (as many times as you want to divide your sell for). Customize two additional parameters – trailing targets and trailing distance (optionally). Select TP Calculation Method – Price or TP%. Set the Stop Loss level. Choose one of two Stop Loss modes. Set the Trailing parameter and Transfer to breakeven (optionally). Select the SL Calculation Method option. Select the Closing Conditions option. Set the Cancel smart order if the price is at the SL or TP level before the order is opened (optionally). Press the Buy/Long or Buy/Short button. You can get more information about ladder smart orders here. READ MORE: Staking: what is it and how does it work?

Top 6 crypto to invest in August 2022 The unstable economic situation in the world has forced many investors to reconsider the way they invest. Most investors are reluctant to invest in fiat currency because it is no longer a reliable investment. Their course is influenced by many different factors, for example, various geopolitical changes. This is why cryptocurrencies have become so popular. They are more stable, not controlled by the authorities, and political events have little effect on rate fluctuations. The crypto market provides a wide range of digital coins, which is why many investors have doubts about which option to give preference to. Let’s take a closer look at which crypto to invest in August 2022. What is a cryptocurrency? Cryptocurrency is an electronic currency that is analogous to ordinary money and gold. To date, there are more than 5,000 digital coins, including such as bitcoin, altcoins (Litecoin, Etherium), tokens (Uniswap), and stablecoins (Tether). Digital coins differ from ordinary money in that they are protected and encrypted with special cryptographic algorithms. The main advantage of cryptocurrency is its decentralization and independence from a single control center. This means that cryptocurrency cannot be controlled by either central or government authorities. That is, no one can manage digital coins and influence transactions made within the system since the process data is stored on several devices at the same time. All this is facilitated by blockchain technology, thanks to which cryptocurrency functions and transactions are carried out. What is blockchain? Blockchain is a continuous sequential chain of blocks containing data on all transactions made over a certain period of time and arranged in chronological order. This technology helps users avoid fraud, hacker attacks, and theft and also reliably protects personal data and an electronic wallet. What does the blockchain transaction process look like? Transaction ⇩  Verification ⇩  Recording ⇩ Identification ⇩ Storage Best crypto to invest in August 2022 Bitcoin (BTC) Bitcoin has been and remains the leading cryptocurrency in the market. This digital coin was released in 2009 and is considered one of the most reliable cryptocurrencies to invest in. Even a drawdown in the value of BTC is considered by investors and traders as an opportunity to enter the cryptocurrency market. You can buy and work with Bitcoin on any of the crypto exchanges. Buying and selling Bitcoin has the high liquidity that allows this coin to make a profit regardless of the state of the market. Many investors and analysts say that in the next five years, the value of Bitcoin could reach $100,000. Therefore, Bitcoin can be considered a long-term investment.  Cost: $21,942.70 Market cap: $420,575,635,917 Daily trading volume: $45,900,148,879 Ethereum (ETH) Ethereum is a cryptocurrency that ranks second in terms of capitalization and is considered the only competitor to Bitcoin. Technologically, this coin offers users different ways to use it. The main function that it performs is the automation of the exchange using smart contracts. Ethereum smart contracts allow users to make fast and secure money transactions without intermediaries. The Ethereum team is constantly working on creating new business models and decentralized applications, which makes this digital coin a promising investment. Ethereum price growth is expected to continue due to the reliability of the project, a good roadmap for 2022, and the transition to an updated version of Ethereum 2.0 in the current year. According to many experts, the value of Ethereum could rise to $8,000–$10,000 by the end of 2022. Cost: $1,524.47 Market cap: $186,315,428,033 Daily trading volume: $30,391,298,294 Solana (SOL) Solana is a relatively new cryptocurrency that was launched on the market in 2020. Nevertheless, it is one of the most promising coins for investment. Solana attracts investors with some of its features: fast transaction processing and low commissions. Solana was developed to support decentralized finance, decentralized applications, and smart contracts. The platform uses the Proof of Stake (PoS) and Proof of History (PoH) protocols, through which transaction confirmation is fast and secure. SOL is the native token of the Solana platform. The cost of the SOL token began to grow from the moment the project participated in the initial coin offering (ICO) in 2018. Then the project managed to get 1.76 million dollars. With the help of SOL tokens, platform users can access the Solana blockchain, which allows the creation of decentralized programs (Dapps). It is worth noting that Solana processes transactions much faster than Ethereum. The number of transactions processed on the Solana network is approximately 3,187 – 65,000 transactions per second, while Ethereum processes only 15 transactions per second and Bitcoin – from 5 to 7. Accordingly, the commission in the Solana network is much lower than in the Ethereum network since the size of the commission depends on the speed of work. Thus, the commission for Solana is less than one cent per transaction, for Ethereum it is $25-53, depending on the cost of electricity. In August 2021, the value of the token increased by more than 500%. In September, the quotes for the coin reached $215 per token. The potential of this coin is very high, so investing in Solana is more than justified. Cost: $43.57 Market cap: $15,086,753,168 Daily trading volume: $2,146,350,281 Polkadot (DOT) Polkadot (DOT) is one of the most popular platforms that provides a variety of solutions through the efficient use of multiple blockchains from the same network, called parachains. With the help of parachains, the platform provides its users with the necessary level of anonymity. A feature of the system is that transactions can be executed at once and be apportioned between blockchains. The project has its own DOT token, which is responsible for merging all connected blockchains. The investment in Polkadot is expected to pay off in the coming months, as this project is developing at a tremendous pace and could have the same impact on the cryptocurrency market as Ethereum in the future. According to many experts, the cost of the token can rise to $40-60. Cost: $7.68 Market cap: $7,554,292,865 Daily

Overview of the most eco-friendly cryptocurrency for investment Many international companies are trying to maintain the ecology of the environment. In particular, the business aims to reduce carbon emissions into the atmosphere. This trend has also affected the cryptocurrency industry. For example, in May 2021, the electric car manufacturer Tesla suspended the sale of cars for bitcoin due to the negative impact of cryptocurrency mining on the environment. Following large companies, investors also began to pay more attention to the compliance of digital coins with “green” standards. We decided to find out which coins are the least harmful to the environment and compiled a list of the most environmentally friendly cryptocurrencies. How to determine the environmental friendliness of a cryptocurrency? The safety of digital coins for the environment depends on the algorithm. From a technical point of view, all digital assets are divided into two types: Proof-of-work. Proof-of-stake. Proof-of-work (PoW) is designed to solve complex mathematical problems using the technical equipment of the miner. Miners are rewarded in the form of cryptocurrency for adding each verified block (information about completed transactions) to the general chain, which is called the blockchain. This process is complex and requires significant computing power. The more powerful the miner’s equipment, the more he can make a profit. Mining is the extraction of cryptocurrency with the help of special equipment. The essence of mining is to add blocks (newly completed transactions) to the blockchain. Miners are people who do this work and get rewarded for it. Unfortunately, mining equipment consumes a lot of electricity, the production of which has a negative impact on the environment. Also, the production of equipment also harms the environment. At the same time, PoW involves a gradual increase in the complexity of cryptocurrency mining. The process provokes market participants to periodically increase the amount of computing power connected to the network. As a result, electricity consumption is growing, which increases the negative impact of mining on the environment. Proof-of-stake (PoS) is similar to PoW and is used for staking. However, unlike PoW, the essence of how PoS works does not depend on the equipment’s computing power, but on the amount of cryptocurrency investment. In other words, the goal of proof-of-stake is to lock up as many digital assets as possible in the liquidity pool in order to increase your income level. PoS does not require powerful computing hardware. Thus, this system is not so energy-consuming and harmful to the environment. Let’s move on to the list of the most eco-friendly cryptocurrencies that an investor needs to pay attention to. Rating of the most environmentally friendly cryptocurrencies This list contains the most environmentally friendly digital coins. Let’s take a closer look at each of them. Nano (NANO) This green cryptocurrency operates on the basis of the Open Representative Voting (ORV) algorithm. Thus, the Nano platform is based on a voting system instead of using energy-consuming hardware to confirm transactions. This means that platform users must vote on transactions. The project developers position their product as an eco-friendly alternative to PoW. ORV makes the Nano extremely energy efficient. Thanks to this algorithm, the digital coin managed to top the ranking of the safest cryptocurrencies for the environment. Cardano (ADA) Cardano (ADA) is an eco-friendly cryptocurrency that runs on a PoS algorithm called Ouroboros. The Cardano network processes about 1,000 transactions per second. This is significantly more than many PoW competitors. For example, Bitcoin processes 7 transactions per second. This network transmission capacity of the Cardano makes ADA one of the safest coins for the environment. Stellar (XLM) Stellar is a fork of the popular Ripple project. The Stellar technology actually has the same capabilities as the Ripple network. Initially, the Stellar platform functioned on the same protocol as Ripple, but in 2015 it switched to using its own code while retaining all the functionality of Ripple. The main difference with Stellar is that anyone can run their own node to keep the network running. This approach allowed the developers to speed up the system and make it energy efficient. The high speed of the systems and low energy consumption made the project in demand. Today, many large companies (such as IBM and Deloitte) use Stellar developments. IOTA (MIOTA) IOTA is a green cryptocurrency that differs from other rating digital coins in that it does not operate on a blockchain but on a special distributed ledger technology. This approach has helped developers move away from energy-intensive consensus algorithms in favor of more energy-efficient tools. The IOTA team plans to continue working on reducing energy costs when working with MIOTA. Such prospects make the project one of the most environmentally friendly in the market. EOS (EOS) The project developers are working on speeding up transactions on the EOS network so that the system can process a million transactions per second. The project operates on the basis of the PoS subtype—Delegated Proof of Stake (DPoS). This technology, unlike proof-of-stake, allows for a high level of platform decentralization. Also, DPoS makes the project environmentally friendly. Therefore, EOS is on the list of the most environmentally friendly cryptocurrencies today. Ripple (XRP) XRP is a cryptocurrency whose network is supported by a limited number of validators and does not require mining. Among the list of validators, we can distinguish companies such as Ripple Labs and other nodes approved by it, which are owned by crypto exchanges, banks, and other financial partners. Due to the limited number of validators and the absence of mining, the Ripple network can process more than 1500 operations per second, which makes it the greenest cryptocurrency. Algorand (ALGO) The project works on the basis of the PoS algorithm. According to the official website of the project, the Algorand team wants to make it the first carbon-neutral blockchain network. Algorand developers plan to achieve results through cooperation with the ClimateTrade eco-project. How much do cryptocurrency transactions consume electricity? It is also necessary to pay attention to the cost of conducting operations with cryptocurrencies. According to

What is Impermanent Loss in DeFi? If you have ever worked with DeFi, you must have come across the concept of Impermanent Loss. An Impermanent Loss occurs when you provide liquidity to a pool and the price of your locked coin changes relative to another one since it was deposited. The larger this change, the more you are exposed to Impermanent Losses. In this case, the excessive volatility of the tokens deposited in the pool can lead to losses in dollar terms when withdrawing funds. What is an Impermanent Loss? At the moment, many DeFi projects are experiencing a period of explosive growth. We are talking, for example, about such projects as Uniswap, SushiSwap, or PancakeSwap. With their help, anyone who has the funds can become a  market maker and earn commissions by locking their assets into the liquidity pool. It does not require any specific knowledge, special equipment, or even large sums of money. However, this process has some advantages and disadvantages. One of them is impermanent losses. Impermanent Loss (IL) is a temporary loss of funds sometimes experienced by liquidity providers for AMM due to the volatility of a trading pair. This indicator is expressed in dollars and shows the loss relative to the amount of the actual withdrawal, compared to the fact that the investor simply holds his assets. Many people often interpret IL incorrectly, adding fees, spreads, and slippage to this value. But in fact, none of this affects IL. The impermanent loss is calculated using a well-defined formula and does not include incremental costs. What is AMM? AMM is an autonomous decentralized exchange managed by software. The prices of assets held in AMM liquidity pools are controlled by an underlying algorithm. Liquidity is provided by liquidity providers (LPs), who usually contribute equal amounts of two assets to the pool. For example, it is ETH and DAI. AMM was first described on Reddit by the founder of the Ethereum platform, Vitalik Buterin, as a way to simplify the creation of a market on smart contracts. In 2017, the first AMM Bancor appeared, and a year later, Uniswap appeared, which is currently considered the market leader. Using automated exchanges, investors can deposit their coins into liquidity pools and in return receive rewards (in the form of fees charged from traders), which are calculated in proportion to the shares of the investment. Usually, LPs are also awarded project tokens, which give them the right to vote on decisions to make key changes to the protocol and act as a kind of project shares. Thus, liquidity providers are interested in placing their assets in AMM, as they receive remuneration in the form of a commission from traders and project tokens. However, they may encounter Impermanent Loss, which poses a significant risk to their income. Why does Impermanent Loss occur? The AMM protocols are managed by a mathematical algorithm that automatically balances the 50:50 asset ratio in the pool and thus determines their value. The formula X x Y = K is used as a pricing mechanism, where X and Y are different digital coins, and K is a constant value that should not change before and after the transaction. This algorithm of operation allows the market to function autonomously, creates an opportunity for arbitrage, but also causes Impermanent Loss in DeFi. The key reason for the occurrence of an Impermanent Loss can be called the discrepancy between the value of coins in the liquidity pool of the real market situation. How to prevent Impermanent Loss? One of the simplest and most effective ways to mitigate Impermanent Losses is to maintain liquidity in low volatility pairs. First of all, preference should be given to older and larger projects that already have their own formed price and are less subject to volatility. These include cryptocurrencies from the TOP-20 rating by capitalization. Secondly, you need to choose pairs where the value of one asset relative to another remains relatively stable. For example, it can be paired with stablecoins. Another thing is that this option for investing is limited in terms of potential price growth. There are also special tools and platforms that allow liquidity providers to mitigate Impermanent Losses. For example, the AMM Balancer protocol allows you to set individual proportions for liquidity pools with different pairs. Thus, liquidity providers can try to anticipate market movements and mitigate their potential Impermanent Losses if asset values ​​change. It is better to start investing in AMM in small amounts. Especially if you are just getting to know the market or trading pair. Small investments will help, with minimal risks, to assess in which direction the value can move and what real losses can be incurred. Be sure to find a reliable and proven AMM platform. The DeFi space is now at its peak and anyone can fork an existing project, adding only minor changes to it. This can cause errors in the operation of the protocol and lead not to temporary, but to quite real losses. Conclusion Impermanent Loss is one of the main terms that liquidity providers should be familiar with. Many of the most popular AMMs, such as Uniswap, PancakeSwap, and others, have focused on ease of use without providing any mechanism to prevent Impermanent Losses. Therefore, investors should have a good understanding of what LP is, how losses are formed and how they can be prevented. READ MORE: Staking: what is it and how does it work?

How to create a Binance sub-account on the Cryptorobotics platform? Today, the Binance exchange occupies a leading position among other crypto exchanges in terms of trading volume. This exchange allows users from all over the world to buy and sell cryptocurrency 24/7, perform P2P transactions and use various crypto trading tools. But there are some restrictions for residents of some countries that prevent them from accessing the services of the exchange, including deposits in cryptocurrencies, entering transactions, and withdrawing funds. To avoid restrictions, crypto exchange users can create a Binance sub-account on the Cryptorobotics trading platform. Let’s figure out how to create a sub-account and start trading on Binance without restrictions. What Is a Binance Sub-Account? Cryptorobotics has recently implemented an additional feature that allows you to create a sub-account for trading cryptocurrency on the Binance exchange. A sub-account is a division of one account of the platform into several additional accounts of users. Sub-accounts on the Binance exchange are a support feature for traders that allows them to diversify their risks, implement different trading strategies on each sub-account, bypass restrictions in different countries, and have full control over their funds. Users can create up to 2 sub-accounts on the Binance and Binance Futures exchanges. Profit, loss, and balance are displayed for each sub-account separately. Let’s take a closer look at what opportunities sub-accounts have on the Binance exchange. Binance Sub-Account Features Sub-Accounts allow users to: Easily and quickly create an account on the Binance exchange without restrictions. Create accounts in countries where there are problems with avoiding restrictions and accessing popular functions for cryptocurrency trading. Create a sub-account if you have a main account to split the balance for different trading instruments. Use various features of the Binance exchange and the Cryptorobotics platform to trade cryptocurrencies. Deposit and withdraw money from crypto wallets. Track the history of all logins to sub-accounts. What Cryptorobotics Features Are Available for a Binance Sub-Account? The Cryptorobotics trading platform provides various tools for trading cryptocurrencies on Binance. Let’s look at them in more detail. Cryptocurrency trading bots. Cryptocurrency trading bots are software designed to buy and sell digital assets. The purpose of this tool is to maximize profits and minimize risks and losses. Cryptorobotics allows its users to use five types of bots to trade crypto using a sub-account on the Binance and Binance Futures exchanges: Optimus, Cyberbot, and The One bot (Binance). Crypto Future, Channeler AI (Binance Futures). Crypto signals. Crypto signals are an algorithmic tool used to detect according to the analytics prediction, which is implemented on the data obtained during the analysis. The essence of the tool is that the analyst gives the trader information about possible profitable transactions on cryptocurrency exchanges. All orders are executed automatically according to the parameters set by the analyst. Copytrading. Copytrading is an algorithmic trading tool that allows platform users to copy the trades of experienced traders. Using this feature, trading beginners do not just blindly copy trades but receive a ready-made profitable strategy from a professional trader. Autofollowing. Autofollowing is a fully automatic feature that works with the help of a bot. The bot receives signals from analysts and then processes them. After the bot processes the received signal, it starts to enter the trade. Autofollowing allows traders to earn passive income and is suitable for both experienced and newcomers to trading. OCOs, or smart orders. This order type includes Stop Loss, Take Profit, and Trailing. This feature is designed to minimize the risks and loss of traders’ funds, as well as increase profits. Ladder smart order. Ladder smart orders are a feature that is designed to execute orders in the form of a ladder. This type of order allows you to place additional buy/sell limit orders in the book order. And instead of buying or selling a coin at a single price, a trader buys a coin when the price falls and sells it when the price rises. This is done with the aim of entering a trade at the average (more profitable) value of the asset, and then exiting it in parts (by placing several Take Profits). Advantages Fast registration on the Binance exchange. Access to various trading instruments without restrictions. Ability to implement various trading strategies. Carrying out fast and uninterrupted transactions. Security. Only the owner of the sub-account has access to the deposit and withdrawal of all digital assets. How to Start Trading on Binance Without Restrictions? To create a sub-account and start trading cryptocurrency on Binance without restrictions, the user needs to follow these steps: Go to the Cryptorobotics platform. Complete the registration process (if the user does not have an account on the platform yet). A Binance sub-account can be accessed through an account created by a user on the Cryptorobotics platform. Go to the “Account” tab. Click on the “Add Binance Sub-Account” button. Then API keys are automatically generated and added to the Binance exchange. To add API keys for Binance Futures, the user needs to switch the corresponding slider and set the name of the sub-account. After reading the rules, click on the “Create a subaccount” button. Replenish the personal crypto wallet of the sub-account. After completing the above steps, Binance Sub-Accounts will be available in the Exchange Accounts section for the Binance and Binance Futures exchanges. How to Fund a Spot Wallet of Binance Sub-Account on the Cryptrobotics Platform? To fund their main (spot) wallet, the user must return to the Binance sub-accounts tab and click on the “Deposit” button. Choose cryptocurrency and crypto wallet. Then you need to click on the “Get an address” button. Next, you need to transfer funds to the wallet address. How to Fund the Futures Wallet of a Binance Sub-Account on the Cryptrobotics Platform? To replenish the future wallet, the user needs to transfer money from the spot wallet. To fund a futures wallet, the user must follow these steps: Go to the Binance Sub-Accounts tab. Click on the “Transfer” button. Select the accounts between which you plan

What is a grid trading strategy? Grid trading is an automated cryptocurrency trading strategy that allows placing buy and sell orders at preset intervals around a fixed cost of an asset. Visually, this way of trading resembles a grid, hence the name. Grid Trading works well in volatile and competitive markets such as the crypto market. Grid trading provides profitability every time the sell price exceeds the buy price during a flat movement in the market by automatically executing low buy orders that lead to high sell orders. This fact eliminates the need for market forecasting. However, a number of important factors must be taken into account for this strategy to work effectively and make a profit in the cryptocurrency market. For example, a good choice for this type of trading is a cryptocurrency pair, the rate of which is characterized by frequent and significant rises and falls. Why is it worth using a grid trading strategy? Reliably. Grid trading has been around for a long time and is considered a proven and profitable strategy. A huge number of successful traders have been using this method of trading in various markets over the years. Conveniently. The grid trading strategy is easy to understand and use because it does not require complex calculations, observations, or market data research. This method can be used even by inexperienced traders in the cryptocurrency market. Flexible tactics. Grid trading uses the most fundamental trading concept (buy low, sell high, and profit from rate movements), so it can be applied to almost any market and make a profit, regardless of the trend or market behavior. Risk management. This strategy allows the trader to manage risks more effectively by adjusting the risk/profit ratio. You can use a grid strategy to make consistent small profits with minimal risk by choosing a stablecoin pair such as BUSD/USDT or use riskier strategies to generate potentially high profits by choosing a coin with a low market cap and with big fluctuations. Suitable for automated trading. Grid trading is ideal for automation due to the fact that all its actions are predetermined and are not related to market behavior. This is one of the best methods for traders wishing to take their first steps towards automation as it can work in almost any market, under any conditions, and can be set to almost any time frame. How to start using a grid trading strategy via the Cryptorobotics platform? Today, users can implement various trading strategies on the Cryptorobotics platform, including grid trading. This is all thanks to various trading instruments available on the platform. To use the grid strategy, users can set up ladder smart orders. Ladder smart orders is a trading tool that is designed to open orders in the form of a ladder. This type of order helps to open additional buy/sell limit orders. And instead of buying or selling a coin at a single price, a trader buys a crypto asset when it falls and sells it when the value rises. The goal of a ladder smart order is to enter a trade at the average price of a digital coin, which is more profitable, and then exit it in parts by placing several Take Profits. Possibilities of ladder smart orders: Open a ladder smart order to purchase a digital asset by averaging the entry price. Set targets in the form of a ladder to sell a digital asset with partial closing on each target. Customize goals in the form of a ladder for sale with the “target trailing” function (rearrangement of the Stop Loss level when the targets are reached). Trailing the last target at a given level. Select Standard Stop Loss or close by a candle. Customization of Trailing Stop Loss. Moving the Stop Loss level to breakeven when the specified parameter is reached. In case of a change in the average entry price, you can set the method for calculating Take Profit and Stop Loss Setting the conditions of sale, which determines the order of purchases and sales in the presence of ladders. How to start using ladder smart orders in the Cryptorobotics trading terminal? Complete the registration process on the Cryptorobotics platform. Go to the “Trade” tab. Select a crypto pair. Select order type Customize the entry price and the number of digital assets for the first order. Click on the +Add order button and repeat the previous step (as many times as you want to divide the purchase into parts). Set leverage (if it is a futures exchange). Set Take Profit. Configure two additional settings – trailing targets and trailing distance (optional).  Choose the Calculation method (TP price or TP in %). Customize the Stop Loss level. Select the Stop Loss mode. Set the Trailing and breakeven parameters (optional). Select the Calculation Method option of Stop Loss.  Choose the Closing Conditions option. Set the Cancel smart order if the price is at the SL or TP level before the order is opened (optional). Press the Buy/Long or Buy/Short button. Start grid trading. READ MORE: Staking: what is it and how does it work?

What Is a Bitcoin Wallet? Cryptocurrency is a completely virtual currency that does not have a physical form, so when you buy a cryptocurrency, you need to store it in a bitcoin wallet. Nowadays, there is a wide range of bitcoin wallets and it is quite difficult to make the right choice. Let’s see what a bitcoin wallet is, how to use it and which one to choose? Definition of Bitcoin Wallet A bitcoin wallet is a program that is necessary to work with cryptocurrencies and store coins in them through the blockchain. When dealing with it, you do not depend on the banking systems, can quickly transfer funds around the world at any time, and remain anonymous. Despite the name, a bitcoin wallet is designed to store and operate a variety of cryptocurrencies, not just bitcoin (BTC). Each wallet has a public key and a private key. The first is the wallet address, a set of characters that is visible to everyone who sends funds to it, whether it be replenishment or transfers. The private key is generated from random numbers, is closed from outsiders, and is used to sign transactions. The seed phrase will help you recover your private key if it is lost. It is the same random sequence of words. What Are the Types of Bitcoin Wallets? There are several types of wallets that can be roughly divided into two groups: Hot wallet – This group includes wallets that work on devices connected to the Internet. They can store coins but in small quantities. They allow you to quickly and conveniently send and receive cryptocurrency. Cold wallet – These kinds of wallets work offline. Due to this, they are characterized by a high level of security but are less convenient in everyday use. Types of Cold Wallets Hardware Wallets Hardware wallets are considered one of the safest types of bitcoin wallets as it doesn’t require an internet connection. Therefore, a hardware wallet is reliably secured against hacker attacks. Anyway, the owners of hardware wallets should store their devices in a safe place to avoid device theft by intruders. Desktop Wallets Such bitcoin wallets are installed on a computer, which allows their users to completely control their funds and private keys. Desktop wallets function as an address via which users have the opportunity to send or receive digital coins. Paper Wallets A paper wallet is a piece of paper with a private key and a public address printed on it. Among all types of cold wallets, paper crypto wallets are considered the most insecure. You can get the paper wet, accidentally throw it away or drop it on the street, and then you will lose access to your funds. However, it must be admitted that malware does not threaten such a cold wallet. Your private keys are printed on paper, so they are protected from viruses and hackers, but you should take care to store them in a safe place. If you lose your paper wallet and someone finds it, then most likely you will lose your funds. Types of Hot Wallets Hot wallets are considered the most popular among other bitcoin wallets. These wallets are used via the internet and can be accessed online or from a mobile device. Their popularity is because they can be acquired relatively inexpensively or even for free. Mobile Wallets These bitcoin wallets are installed on a smartphone and suit those who use cryptocurrency for peer-to-peer transactions, online shopping, bill payments, money transfers, etc. However, since hot wallets are used online, they can be hacked, so users should be very careful when choosing such a wallet. It is recommended to choose highly secure bitcoin wallets that use two-factor authentication (2FA) and multi-signature technology. When selecting such a type of wallet, it is necessary to pay attention to its level of protection and its provider’s reputation. Web Wallets Hot wallets also include browser-based solutions. Their big advantage is wide accessibility. You can use it through a web browser or a mobile phone. The disadvantage is the presence of a “third party”, an operator that controls the platform. Theoretically, he could have access to your key. Therefore, browser wallets should be selected with extreme caution. Best Bitcoin Wallets Binance EXMO MetaMask MathWallet Coinbase Trust Wallet Binance Chain Wallet Bitcoin Wallet Samourai Wallet Mycelium BitPay Trezor Exodus Trustee Wallet Electrum Conclusion Both cold and hot wallets have their advantages and disadvantages. All of them are intended to store your digital coins, and the choice of a particular wallet depends on your requirements and needs. Users should decide for themselves how much they are ready to pay for a bitcoin wallet and what protection level and accessibility they need. If you are looking for a low-cost or free wallet with instant access for paying bills, money transfers, online shopping,  and other similar operations, then hot wallets with an Internet connection will be suitable for you. If you wish to store private keys and digital coins in a safe place, you can use cold wallets. To sum it up, it is worth saying that every user has to select the bitcoin wallet that best suits their needs. However, regardless of your choice, you should always be careful when giving information to wallet providers and protect your wallet with backups and strong passwords, as well as make sure no one else has access to your bitcoin wallet. Thus, you can protect yourself from risks and store your funds in a safe place. READ MORE: Staking: what is it and how does it work?

What is staking? Staking is an alternative to mining and is considered one of the best investments in the cryptocurrency market. Let’s take a closer look at what staking is, how you can make money on it, and what risks an investor may face. What is staking crypto? Staking is the process of locking a certain number of digital coins in a cryptocurrency wallet in order to ensure the operation of the blockchain in exchange for receiving a reward.  In many cases, this process depends on the users who take part in the transactions on the blockchain using a personal cryptocurrency wallet. The staking process uses the Proof of Stake (PoS) algorithm – proof of ownership. This method of confirming transactions is used in various blockchains running on PoS or one of its variants. The main feature of staking is that it is considered a complete replacement for mining. Staking allows investors to earn on cryptocurrency without the need to purchase specialized equipment. Staking vs. mining Mining is the process of processing transactions on a blockchain using the Proof of Work (PoW) algorithm, designed to keep the network running. In turn, the miners are participants in this process. They generate the blocks needed to store account and transaction data. In order to get a new block, the user needs to perform certain calculations and find a secret combination of symbols. Let’s see what is the difference between staking and mining. Staking Mining Transaction processing is carried out using Proof of Stake. Transaction processing is carried out using Proof of Work. To mine blocks, investors need to buy and hold tokens. Mining blocks requires powerful equipment. An eco-friendly way to create a chain of blocks in the blockchain that does not require additional costs. It requires a lot of energy and is harmful to the environment. The staking process is simplified and considered more open to members of the blockchain community. Mining requires more involvement in the process. It does not require technical knowledge and skills. To make money on mining, you need to be well versed in technology. Types of staking The principle of operation of staking is similar to a bank deposit – the user transfers funds to the account, stores them, and receives passive income for this. The more funds are deposited into the account, the more income the user will receive. In addition to the basic principle of how staking works, each individual blockchain system may have its own terms and conditions. Today there are three types of staking: locked, flexible, and DeFi staking. Let’s take a closer look at each of them. Locked Staking Locked staking is for users who want to make big profits. It specifies in advance how long the funds will be frozen. That is, investors themselves can choose the period of storage of their tokens. It can be a week, a month, or a year. Please note that funds will not be available for trading or withdrawal during the selected time. Naturally, the investor can buy them back without waiting for the end of the period, but in this case, he will be able to return only his invested funds, without additional interest. It is also worth noting that the percentage of income for fixed contracts is higher than for other types of staking. Flexible Staking Unlike locked staking, flexible staking does not have an end date for storing coins and the investor can stop participating in the validation process at will. As a rule, interest begins to accrue within 24 hours after the funds are deposited, and rewards are paid every 30 days. It should be noted that interest will be accrued until the user withdraws the coins. Flexible staking is suitable for those who are not ready to freeze their funds for a long time. Coins are stored in a spot wallet, where investors are rewarded for holding their funds. DeFi staking DeFi (decentralized finance) is a set of services that operate on the basis of the blockchain. They include features such as lending, insurance, forecasting, and more. DeFi projects are based on the use of smart contracts. Their advantage lies in the fact that they provide automatic execution of transactions in compliance with predetermined conditions for their conduct. DeFi staking differs from conventional staking in that third parties are involved in the process. For example, it can be organizations or individual users who take cryptocurrency from another user on credit. The system is designed to control the execution of transactions. But in any case, it is necessary to check the level of efficiency of an individual smart contract, because theoretically, it can have vulnerabilities. DeFi staking is considered one of the attractive types of investment for several reasons: The ability to immediately withdraw earned interest during the day. The income can be 100% per annum and higher (depending on the chosen coin and the period of its storage). Working with conventional blockchains that use PoS, it is difficult to get more than 10% per year. Users are protected from fraud by smart contracts.   Staking risks The possible drop in the value of a digital coin. The lower the coin rate, the lower the reward amount (in fiat). Therefore, it is necessary to choose tokens with a low level of volatility, which demonstrate dynamic or stable growth. Investing in digital coins that have a high level of volatility can lead to loss of funds, especially with fixed staking. In the event of a strong drop in the value of the coin, the user will not be able to sell it. The risk of losing an account in online service or on a crypto exchange. Therefore, all passwords and logins should be stored in a safe place. Fraud risk. If the validator asks to send him money, this is a clear sign of fraud. Such requests must be ignored. How to choose a coin to stake? When choosing a cryptocurrency, it is necessary to take into account the volatility

How to invest in bitcoin and cryptocurrencies? Despite the volatility, cryptocurrency is considered one of the most popular types of investments, and thanks to its rapid growth, many investors have a chance to make good money. The value of cryptocurrencies like Bitcoin and Ethereum can fall and then rise again. Thus, experienced investors and traders speculate on the value of cryptocurrencies and make high profits, but what if you are a beginner and you do not have enough experience in the crypto market? In this article, we will tell you in detail how to invest in cryptocurrency and what you need to pay attention to. What is a cryptocurrency? Cryptocurrency is digital coins that are created and transferred using cryptographic methods. This type of currency is developed mainly on blockchain technology. Blockchain is a decentralized database that is simultaneously stored on various computers connected to each other on the Internet. Digital coins are issued by performing mathematical calculations. In other words, a cryptocurrency is an analog of real money, which has an official rate. Types of cryptocurrencies All digital coins can be divided into different categories. Bitcoin is the first digital coin, so it is separated from other digital coins. The remaining blockchain projects are divided into several types. Let’s take a closer look at each. Altcoins Altcoins are a type of cryptocurrency that operates on its own blockchain and was developed as an alternative to Bitcoin. The first altcoins were issued in 2011. The purpose of creating such digital coins was to eliminate such disadvantages of bitcoin as long transactions, lack of anonymity, expensive mining, and much more. Among the most popular altcoins can be highlighted the following: Ethereum, Litecoin, Dash, Ripple, etc. Tokens Tokens are digital assets that, unlike bitcoins and altcoins, do not have their own blockchain. Thus, the tokens function on the blockchains of other digital coins, such as Ethereum or Tron. Companies issue such coins to raise funds for the development of their projects or to ensure the performance of their products. For investors, this is a guarantee that the company will fulfill its obligations to them. Stablecoins Stablecoins are digital coins whose value is pegged to real money, gold, oil, etc. The rate of BTC and other cryptocurrencies can change within an hour, day, week, or month. The cost of stablecoins, on the contrary, is extremely stable. There may be fluctuations in the value of this coin, but they are insignificant compared to other cryptocurrencies. Stablecoins are suitable for those who intend to invest in digital assets with minimal risk. NFT NFT – this abbreviation stands for a non-fungible token or it is also called a unique token. This token cannot be replaced, counterfeited, or exchanged. Owing to blockchain technology, the owner of such a token has the right to own this unique asset. Any object can become a non-fungible token, for example, works of art, music, a computer game, etc. NFTs are especially popular in the collector community. The most promising cryptocurrencies to invest in 2022 Bitcoin (BTC) Ethereum (ETH) Cosmos (ATOM) Solana (SOL) Polkadot (DOT) Binance (BNB) Cardano (ADA) Fundamental and technical analysis Before investing in cryptocurrency, every investor needs to study the market well. This will help you avoid certain risks and invest in the right asset. In this case, investors need to conduct technical or fundamental analysis. Any investment decision requires deep analysis as you need to understand the state of the market and which digital asset to invest in. The type of analysis depends on the type of investment in cryptocurrency. For example, if you are going to buy and hold a coin for some time, you do not need information about short-term and medium-term changes in the value of the asset. Therefore, in this case, you need to use fundamental analysis. With the help of fundamental analysis (FA), investors can assess the potential of an asset based on the project as a whole, including its utility, team, white paper, development, marketing, management, reputation, long-term goals, and other factors. Technical analysis (TA) allows studying of the previous data on prices and trading volumes, thus the investor receives information about the future price movement. All of this data can be obtained using candlestick charts and TA indicators such as moving averages and trend lines. What should you know before investing in cryptocurrency? If an investor invests his funds, he must study in detail the digital asset in which he is going to invest. When choosing a digital asset, it is important to understand its perspective and how reliable this digital asset is. Today there are a huge number of digital coins, however, if you are still new to the cryptocurrency market, you are better to invest in a cryptocurrency that has established itself as a reliable asset and has been on the market for a long time. To obtain a stable income, crypto investors need to pay attention to the following factors before investing their funds in a particular asset: White Paper. Before investing in a digital asset, it is necessary to check if there is a white paper on the development of the cryptocurrency, platform, or another asset that is being offered for investment. Team. Here you should pay attention to the developers, whether they are real people, the experience of the team, and the resources that the project has. There are cases when the whole project turns out to be fraudulent, and the whole team is non-existent. Roadmap. It is also very important that the project has its own development plan, which would describe what exactly and when the developers are planning to implement, what actions they will perform to increase the value of their cryptocurrency. Asset volatility. If a digital coin has too high volatility, then, investors shouldn’t invest in such a coin. It is better to choose a less volatile digital asset that has stable growth to avoid possible risks. Technical specification of the project. When choosing a cryptocurrency for investment, it is necessary to

Top 7 promising cryptocurrencies in 2022 Despite the fact that by the end of last year the cost of the main cryptocurrency dropped, 2021 as a whole turned out to be successful for the crypto market. During this time, Bitcoin has grown by 64%. At the same time, the coin set a historical maximum value at $69,000, and the capitalization of the entire sector for the first time exceeded $2 trillion in November. But does this mean that digital assets will continue to grow in value compared to fiat money this year? What dynamics to expect from the crypto market this year, and which crypto to invest in. Bitcoin (BTC) Despite the drawdown of Bitcoin at the end of 2021, this digital coin remains the leader in the world of cryptocurrencies. Bitcoin has existed in the crypto market since 2009 and has already proven its worth. It is one of the reliable cryptos to invest in. It is no longer possible to buy this cryptocurrency at a low price, so any drawdown in the value of BTC can be considered by investors as an opportunity to buy this digital coin at a lower price. BTC is currently valued at $43,914.39, Bitcoin’s market cap is $828,005,485,118, and the trading volume is $27,993,754,952 during 24 hours. Ethereum (ETH) Ethereum is one of the best cryptos to invest in and the second cryptocurrency in terms of capitalization after Bitcoin. The market cap of this digital coin is $377,855,502,904 and the trading volume is $28,207,246,654. Technologically, this cryptocurrency offers a wide range of applications. The main function is to automate the exchange. Ethereum smart contracts allow two parties to make a fast and secure transaction without intermediaries and also limit bureaucracy as much as possible. With this contract, you can both buy real estate and pay for dinner at a restaurant. The creation of new business models and decentralized applications further strengthens the long-term growth potential of this cryptocurrency. It is noted that due to the fundamental nature of the project and the excellent roadmap for 2022, as well as the important update of Ethereum to version 2.0, growth will continue next year. According to experts, the forecast values ​​of the Ethereum cryptocurrency by the end of 2022 could be $8,000–10,000. Cosmos (ATOM) If you want to invest in crypto, Cosmos (ATOM) is considered one of the reasonable solutions. This blockchain is rightfully called “blockchain 3.0”. Cosmos is a cross-chain solution that allows all blockchains launched in the Cosmos ecosystem to interact both with each other and with external networks like Ethereum and Bitcoin. Today, the project is in the top 50, and its capitalization is more than $5 billion. More than 250 decentralized applications have already been launched on the Cosmos network. The capitalization of these applications exceeds $70 billion. Its infrastructure is used by Binance Smart Chain, Qredo, OKExChain. The Cosmos cryptocurrency has no analogs, so it cannot be compared with anything else. The closest exception is Polkadot, which offers the creation of parachains on its own. Experts believe that this ecosystem has excellent growth in the future, as the leading cryptocurrencies are already using this technology offered by the Cosmos project. Until the end of 2022, the price is projected to rise to the range of $40–50. Solana (SOL) Solana was designed to maintain the DeFi, Dapps as well as smart contracts. Solana runs on a unique hybrid proof of stake (PoS) and proof of history (PoH) protocols that simplify the entire process of transactions and make them fast and secure. SOL is a token that was created to operate on Solana’s platform. The growth in the value of SOL began after participating in the first initial offering of coins (IСO) of the project in 2018. Then, Solana sold almost 80 million tokens. One token cost 4 cents. Now the value of the coin is $117.39. The market cap is $38,010,676,434 and trading volume is $2,500,219,132 for 24 hours. SOL tokens give access to the Solana blockchain, which allows you to create decentralized programs – the so-called Dapps. Solana is faster than its well-known competitor Ethereum. It processes about 3187 transactions per second, and during peak periods – more than 65,000. Ethereum processes only 15 transactions per second, Bitcoin – five to seven. Solana creates one block of information in the network in 0.4 seconds, Ethereum in 10 seconds, and Bitcoin in 10 minutes. The commission that miners pay depends on the speed of work. Solana has a much lower price – less than one cent per transaction, Ethereum – $25-53, depending on the price of electricity. On Solana’s blockchain, developers built the Audius streaming service, the DeFi Land simulation game, the Saber cryptocurrency exchange, and about 900 other programs. There are almost 3,000 such programs in Ethereum, according to the State of the Dapps tracker. Polkadot (DOT) Polka (DOT) is considered one of the promising cryptos to invest in 2022. It became popular due to providing different solutions to investors by using several blockchains from a single network efficiently. It is estimated that crypto investors can obtain higher returns from Polkadot as a huge number of experts believe that with the consistent launch of parachains, the value of the Polkadot cryptocurrency will increase significantly. An achievable target for 2022 is a price range of $40-60. The cost of DOT is $22.73, its market capitalization – $22,536,546,667 and the trading volume – $1,529,062,811 during 24 hours. Binance (BNB) Binance Coin is used worldwide and is developed for minimizing trading fees and providing its users with fast and safe transactions. Many experts predict that users who purchase this token now, will receive a huge profit as the price of the coin can reach $1000 in 2022. Binance is a popular cryptocurrency exchange where Binance Coin is designed to pay fees for its services. The market cap of BNB is $70,972,186,832. Its price was just $0.10 in 2017. It grew to $428.63 on February 9, 2022. So, if you want to invest

What is VeChain(VET)? VeChain is a project that provides blockchain solutions to various companies. It allows companies to develop and run decentralized applications to ensure the quality and authenticity of their products. Therefore, VeChain’s goal is to ensure better electronic consensus involving enterprises by providing them with new tools for efficient data transfer and supply chain management. This fact helps eliminate fakes and counterfeit products. Let’s take a closer look at what VeChain is and how it works. What is VeChain? VeChain is a blockchain-based governance platform. It digitizes real people, products, or events by linking the API to the application layer of the system, connecting the blockchain with real information. The project focuses on supply chain management and combating the counterfeiting of luxury goods by recording components in a tamper-proof distributed ledger.  VeChain is based on smart contracts focused on real production operations.  Thus, VeChain is creating a completely new and fair business model that provides reliable services to all customers and companies. History of creation and team Work on the VeChain project started in 2015, and the official release came in June 2016. The creator of VeChain is Sunny Lu, who previously served as CIO of Louis Vuitton China. Sunny Lu is well-known in the cryptocurrency industry, owing largely to bringing attention to the ability of blockchain technology to solve the problem of transparency. The second co-founder of VeChain is Jay Zhang. He leads the global corporate structure, management, and finance of the project. Zhang previously worked for companies such as Deloitte and PriceWaterhouseCoopers in finance and risk management. VeChain was originally aimed at the development of the logistics supply chain, but over time it has evolved into a full-fledged platform for dApps (decentralized applications). Nowadays, VeChain is one of the oldest blockchain platforms providing logistics services. How does VeChain (VET) work? VeChain runs on its own public blockchain that is called  VeChainThor.  The VeChainThor blockchain operates like other blockchain platforms that focus on business. Companies use VeChain’s full-featured Blockchain-as-a-Service (BaaS) product referred to as ToolChain to build their blockchain solutions. VeChainThor also supports smart contracts. Each transaction on the VeChainThor blockchain can perform multiple tasks. In addition, VeChain’s users do not need to hold a cryptocurrency to complete transactions. It is held by the owners of the application to make the user experience even more convenient. The VeChainThor blockchain utilizes Proof of Authority (PoA) consensus which transfers the power to certain nodes on the blockchain to validate transactions. This means that it only transmits transaction blocks via governance masternodes, which must hold at least 25,000,000 VET. What are VET and VTHO? VET and VTHO are the own tokens of VeChain. VET (VeChain Token) is intended for financial transactions on the VeChainThor blockchain as well as for market speculation. VTHO (VeThor Token) is an “energy token” that is designed to carry out transactions on the VeChainThor blockchain. VET holders can create VTHO for utilization on the VeChainThor blockchain. How to store VeChain (VET)? You can store VET and VTHO, as well as several other crypto assets, in the official VeChainThor wallet on iOS or Android. The company also offers a VeChain Sync desktop wallet that can be used with Ledger for cold storage. In addition, VET and VTHO can be stored in the following crypto wallets: Trust Wallet, Ellipal, Atomic Wallet, MySafeWallet, Cobo Wallet, Arkane Wallet, Guarda Wallet, and Exodus. In what areas can VeChain(VET) be used? Let’s take a look at some of the most common use cases for VeChain technology. Although, this is not a list. More examples can be found in the Dapps VechainWorld library. Food safety Blockchain-based solutions can result in a more transparent food economy worldwide. Internet of Things (IoT) devices with VeChain support can be deployed across the supply chain – products, vehicles, etc. Then, the environment and location data from these devices are downloaded, verified, and stored in a decentralized manner on the VeChainThor blockchain. Similar solutions are already in place at several companies, including Shenzhen Yuhongtai Foods. Fight against counterfeit products Counterfeits are a major problem in the luxury goods market. Owners can be assured of the authenticity of items due to using the encrypted chip along with the chip to register and track logistics, warehousing, maintenance, and resale. This method has already been used to track expensive wines for Shanghai Waigaoqiao Direct Imported Goods, as well as parts of Renault cars as part of testing. Health records Existing health records systems are outdated. Instead of using inefficient and insecure systems for recording lab results, this data can be stored on the blockchain and only patients and authorized individuals can access it.  Tracking carbon emissions This solution allows customers to participate in reducing carbon emissions into the atmosphere.  If smart devices such as cars or appliances detect that the owner emits less carbon, they can be rewarded for use in energy services. BYD, a Chinese electric vehicle brand, is already using this Vechain solution. What big companies use VeChain? Here is a list of companies that have already used the  VeChain solution: Bayer China, Shanghai Gas, BYD Auto, PICC, H&M Group, BMW, LVMH, Walmart China, FoodGates, Reebonz, etc. Conclusion VeChain is a highly ambitious company with an already strong presence in the Chinese market. Due to the projects for large companies that have switched to the VeChainThor blockchain, the company has proven the effectiveness of its products in creating blockchain applications. READ MORE: How to short crypto 2022?

Cryptocurrency trading has become so popular that developers decide to simplify the trading process by creating different tools for algorithmic trading. Thus, traders who even have no experience can get income from this type of activity. One of the best algorithmic trading tools is considered crypto signals. The aim of this function is to make crypto trading more effective and help traders enter the trades while minimizing risk.

Cryptocurrency trading has become so popular that developers decide to simplify the trading process by creating different tools for algorithmic trading. Thus, traders who even have no experience can get income from this type of activity. One of the best algorithmic trading tools is considered crypto signals. The aim of this function is to make crypto trading more effective and help traders enter the trades while minimizing risk.

Cryptocurrency trading has become so popular that developers decide to simplify the trading process by creating different tools for algorithmic trading. Thus, traders who even have no experience can get income from this type of activity. One of the best algorithmic trading tools is considered crypto signals. The aim of this function is to make crypto trading more effective and help traders enter the trades while minimizing risk.

Cryptocurrency trading has become so popular that developers decide to simplify the trading process by creating different tools for algorithmic trading. Thus, traders who even have no experience can get income from this type of activity. One of the best algorithmic trading tools is considered crypto signals. The aim of this function is to make crypto trading more effective and help traders enter the trades while minimizing risk.

What is PancakeSwap? PancakeSwap is a decentralized cryptocurrency exchange (DEX) that is developed on the Binance Smart Chain (BSC) and is designed for exchange, Yield Farming using digital assets of the BEP-20 standard. This platform acts as an alternative to exchanges that operate on the Ethereum blockchain. Unlike crypto exchanges that are based on the Ethereum blockchain, PancakeSwap provides users with faster transactions and lower fees. In order to service trading operations, the exchange uses an automated market maker (AMM) model. This means that PancakeSwap lacks the order book that most cryptocurrency exchanges have. Instead, trading on this exchange is carried out using a liquidity pool that is filled with user funds. In return, they receive a reward in the form of liquidity provider (LP) tokens, which are designed to profit from trading fees, farming, and other types of cryptocurrency trading. The exchange has its own internal CAKE token, which bears similarities to Uniswap and SushiSwap. With this token, users can pay fees and receive rewards from the exchange. History of the creation of PancakeSwap The platform was launched on 20 September 2020, with the support of Binance. The founders of the project are still unknown. In February 2021, PancakeSwap became one of the largest crypto exchanges in the DeFi sector in terms of trading volume. In March 2021, it surpassed the Uniswap trading exchange by more than $1 billion on the total number of coins locked (TVL). According to Coinmarketcap, PancakeSwap is ranked 2nd in terms of trading volume, which is $988,680,276. How to use PancakeSwap? In order to start using the exchange, you should connect a Web3 wallet. To do this, the user needs to follow these steps: Go to the official website of PancakeSwap. Press the Connect icon. Then, a drop-down menu will open, where you will have to select one of the crypto wallets. Currently, the following wallets are available on the PancakeSwap exchange: TokenPocket, MetaMask, MathWallet, Binance Chain Wallet, TrustWallet, SafePal Wallet, WalletConnect, and Coin98 Wallet. After you select the wallet, another window will appear where it is necessary to confirm authorization. What features does PancakeSwap provide? PancakeSwap exchange allows its users to make a profit using various tools and ways of earning money. Let’s take a closer look at each of them. Exchange. To purchase and trade digital coins on the platform, you need to use BNB. These tokens can be purchased on PancakeSwap or Binance, and then transferred to your crypto wallet. You can start trading digital coins on the exchange in the Trade section of the Exchange tab. There are more than 1000 crypto trading pairs available on the PancakeSwap exchange.  It is worth noting that when trading tokens, traders should pay 0.25% fees per transaction. These fees are distributed in the following manner: 0.03% is intended to grow the fund, 0.17% is divided among liquidity providers, and 0.05% is burned. Liquidity. In the Trade section, you can also get LP tokens and become a liquidity provider. In this case, you need to click on the Trade button, and then Liquidity and Add Liquidity. When the window appears, you must select two digital coins to fund the corresponding liquidity pool. But before that, it is recommended to study what Impermanent Loss is to be aware of the potential risks. Farms. Farms on PancakeSwap are liquidity pools through which exchange and trading operations are carried out. In order to start making money on farming, users need to purchase LP tokens. These tokens can be invested in one of the farms to get a percentage of income. To start farming, the user must go to the Farms section and select the farm that corresponds to his LP tokens in the Liquidity section. For example, if you have selected CAKE-BNB LP trading pairs, then you need to select the CAKE-BNB farm. After completing these steps, you will be able to start the yield farming and receive rewards in the CAKE token. It is possible to get this token whenever by clicking the Harvest button. Pools. In this section, users have an opportunity to invest CAKE in syrup pools and in a manner to receive staking income. The staking reward will be the cryptocurrency of the project, in the pool of which you will invest your funds. For example, if you invest in the Earn SPS pool, you will receive the SPS digital asset accordingly. Users can get the reward after paying the transaction fee. Prediction. You can use this feature in the beta version. It allows receiving income by predicting the BNB / USDT rate. In practice, this type of earnings is analogous to binary options with a round of 5 minutes. Predictions are a very risky investment since it is quite difficult to accurately predict the future value of a digital asset in such a short period. Before placing a bet, the user must carefully study the rules and instructions. Lottery. The PancakeSwap also allows its users to earn money by participating in the lottery, which takes place every 6 hours. If you want to participate in it, then you need to go to the Lottery section and purchase a ticket for 10 CAKE tokens. Then, you will receive a combination of four random numbers from 1 to 14. In order to win the jackpot (50% of the whole lottery pool), all 4 numbers on your lottery ticket must match four numbers in the same sequence as in the winning ticket.  If you only match 3 or 2 numbers, you will also receive a reward: You will receive a reward if you can match the following numbers: 4 numbers in exact order (get a prize or divide 50% of the pot if there are several winners). 3 numbers in exact order (get a prize or divide 20% of the pot if there are several winners). 2 numbers in exact order (get a prize or divide 10% of the pot if there are several winners). Please note: if none of the participants can guess

What is NFT? NFT is a fairly new phenomenon that has made a splash in the cryptocurrency world and often appears in news headlines. In 2021, the Hermitage was planning to hold an exhibition of NFT collections. Prior to that, Twitter co-founder Jack Dorsey managed to sell his first NFT tweet for $2.9 million, and artist Mike Winkelmann sold his NFT picture for a record $69 million. Let’s see what does NFT stand for and why is everyone talking about it?  An NFT or non-fungible token is a unique digital item whose originality can be proven using blockchain technology. Each NFT token is authentic. Unlike bitcoin, which is divided into satoshi, non-fungible tokens cannot be faked or replaced with another coin of the same value. Usually, you can buy or sell NFT through the Ethereum blockchain cryptocurrency. Like other tokens, NFTs are also created on the blockchain system, which is the database storing all transaction information. The blockchain is responsible for the uniqueness of non-fungible tokens. In other words, any user can check the origin and history of a specific NFT token through blockchain technology. When buying an NFT token, the user purchases a certificate for the work. In this case, the work itself is stored in IPFS. This certificate is a line of code that proves the owner of the original digital artwork. NFTs are created and issued based on the ERC-20 standard, as well as ERC-223, ERC-721, ERC-777, and ERC-1155. Each new standard improves, becomes faster and safer to use, and also allows users to utilize new functions. History of the creation of NFT Work on the development of NFT tokens has been carried out since 2010. In 2012, there were experiments with Colored Coins. Colored Coins are the base units of bitcoins that were used as coupons, company assets, access tokens, or just collectibles. In 2017, NFT smart contracts were created on the Ethereum blockchain, and the first NFT projects were presented, including the CryptoPunks pixel art. What can become an NFT token? Almost any digital item can become an NFT token. This can be a picture, music, photography, animated GIF, movie, and various virtual game items. Such digital artworks are unique and exist in a single copy, therefore they are valuable for collectors.  How does NFT work? NFT can work on the Ethereum, Harmony ONE, Polygon, Solana, BNB Smart Chain, Near, Tron, Cardano, PolkaDot blockchains, and many others. All the necessary information of NFT is stored in the blockchain. With this information, these tokens can take the form of images, music, videos, and other digital items that users save in JPEG, MP3, or GIF format. Like any kind of art, NFT has value. Therefore, the people who purchase these tokens can resell them at a higher price and receive financial gain. NFT price depends on the demand of the user and the market. As with any other art market, you can find copies of NFT. But they don’t have value. For example, if you find a sold NFT picture on the net and decide just to save a JPG image to the disk, it will not allow you to become the owner of that digital item. Since this type of file will not contain information that you are the owner of this token. You can only become the owner of an NFT token if you buy this token on one of the special NFT art marketplaces. Where can people buy NFT? Among NFT collectors, the OpenSea site is most in demand. On the site, users can purchase rights to real estate, a domain name, some collectibles, programs, and even crypto cats. Transactions are carried out in digital coins using the MetaMask crypto wallet. Also, there are other sites. For example, one of these sites is SuperRare, where you can buy the most expensive and original digital artwork.   Among the active platforms, in turn, one can single out Rarible, which is aimed at fans of virtual art. On this platform, you can purchase digital artworks from over 20,000 creators. If one of the users has a desire to create virtual artwork on their own, they can use the Async Art platform.  We can also note the Nifty Gateway site, which is currently gaining popularity and is considered one of the most promising for the sale of NFT. The owners of this platform are representatives of the well-known crypto exchange Gemini. In addition to all of the above trading platforms, users can also purchase NFT collections directly on the websites of the developers of these projects. The Best NFT collections According to CoinMarketCap, the top 10 best NFT collections include the following projects: Advantages and Disadvantages of NFT  Advantage The most important advantage of NFT is the tokenization of various types of tangible and intangible assets. This token is non-fungible and safe thanks to the blockchain. It is blockchain technologies that guarantee the owners of NFT tokens the right to own unique assets, including their sale for fiat money. Users have the ability to create an NFT by themselves, reliably linking it to a unique item. The use of this type of token is absolutely safe since the personal data of their owners are reliably protected. Thus, users can digitize any important information. It is also worth noting that copyright remains with the creator. Disadvantages  As for the shortcomings, the following points can be highlighted:  Risk of buying a digital item that is not valuable. Low liquidity of collectible items. The high threshold to enter the market, as the initial cost of these digital art collections can be started at thousands and millions of dollars. What’s coming next for NFT?  At the moment, it is very difficult to predict the future of NFT, since it appeared relatively recently. However, it is safe to say that NFTs are spreading rather quickly in various spheres of activity, including the gaming industry. Social networks are also interested in NFT technology. There was news recently that Instagram is looking at the

What is Yearn.Finance (YFI) in DeFi and how does it work? Today, digital currencies and various blockchain projects are becoming more and more popular among users. One such project is Yearn.Finance that better known as YFI. Yearn.Finance is one of the ERC-20 tokens that cost approximately $20,226. Despite the fact that the project was launched relatively recently, it is in great demand. The high cost of the token also speaks of its popularity. Let’s take a look at what Yearn.Finance is and why this project is attracting the attention of investors. What is Yearn.Finance? Yearn.Finance is a protocol that runs on the Ethereum blockchain and is designed to use decentralized financial services (DeFi), including lending, interest earnings, and trading. The goal of the decentralized ecosystem of the platform is to maximize the invested funds of investors due to the fact that the main protocol of the ecosystem automatically moves investors’ digital coins between credit pools (Dydx, Aave, Compound). Yearn is currently considered one of the most sought-after decentralized projects in the DeFi world. YFI is an internal token of Yearn.Finance that has a self-contained protocol. This means that investors can vote on the platform for the protocol direction that best suits their goals. Today, the YFI crypto is one of the largest digital assets based on the Ethereum blockchain, the priority of which is yield farming. The History of creation of Yearn.Finance Yearn.Finance was created by Andre Cronje in 2020 and was a protocol based on Ethereum. The purpose of this protocol was to give users the opportunity to increase profits from deposits of ether, stablecoins, and altcoins. Andre Cronje is a South African IT developer of financial technology who made the decision to develop the Yearn.Finance platform after noticing a mismatch in the yield of different DeFi applications. It was hacked, soon after the protocol was launched. Then, it was significantly improved to provide users with the opportunity to use new, more quality products of the platform. Yearn.Finance Products Yearn.Finance is considered one of the fastest-growing DeFi projects that uses only code to deliver their services, completely eliminating the need for intermediaries like a bank. To that end, an automated reward system was created on the platform, which is based on the own cryptocurrency of the YFI platform. Yearn.Finance platform includes several products: APY is a data table that shows interest rates for different lending protocols. Earn – provides information to users about the highest interest rates they can earn by borrowing a digital asset. To do this, it interacts with protocols such as Compound, Dydx, Aave and allows users to receive passive income from stablecoins (sUSD, USDT, DAI, USDC, TUSD) and wBTC. Vaults are a series of investment strategies that are used to maximize profits from other DeFi projects. Zap – provides users with the ability to make multiple investments with a single click of the computer mouse, saves the user time, and minimizes opportunity costs and transaction fees. Basically, all these Yearn.Finance’s services were developed so that users can borrow a coin or use their funds in trading. Thus, the project made investing in DeFi and yield farming more accessible to users. How does Yearn.Finance work? As we mentioned above, Yearn.Finance operates through the autonomous movement of investors’ funds to the most profitable projects. That is, it finds the protocol that offers the best Annual Percentage Return (APR). This platform is considered a very profitable solution in the DeFi sector, as it allows its users to generate high income by blocking ERC-20 stablecoins (USDT, DAI, USDC, TUSD, or SUSD) in the protocol. In return, investors receive an equal amount of yToken. Thus, the YFI coin is no different from any other ERC-20 digital asset from a technical point of view. The Yearn.Finance platform automatically switches deposited digital assets to the protocol with the highest profitability to maximize investor returns. Unlike other tokens, YFI has better automation and flexibility that has never been seen in blockchain before. Another notable advantage of using Yearn.Finance is that the network collects a small fee that was contributed to the platform’s pool. Then, it is distributed among holders of YFI token as dividends. Where can you buy a YFI token? There are various ways to purchase YFI crypto. Let’s take a closer look at each of them: One of the easiest ways to get a YFI token is by purchasing it on exchanges such as Binance, OKEx, FTX, Huobi Global, and LocalTrade. The next way is to put the yCRV token into the yGov pool. This strategy is considered one of the easiest and fastest. More advanced users can obtain a YFI token by depositing tokens in the balancer protocol in exchange for digital assets BPT or BAL, and then depositing these tokens in yGov in exchange for YFI. How can you purchase Yearn.Finance through the Cryptorobotics platform? If you want to buy YFI through the Cryptorobotics trading terminal, you need to follow these steps: Go to the trading terminal. Go through the registration process. Create an account on one of the available crypto exchanges in the terminal. Link your account to the Cryptorobotics terminal (you can find all detailed instructions here). After you complete this procedure, you can buy YFI. Is it worth buying Yearn.Finance in 2022? Despite the popularity and all the advantages of the project, investing in a management token carries certain risks, since Yearn.Finance price has shown both a sharp rise and a rapid decline. On the other hand, this fact also makes this cryptocurrency interesting for traders who can use various strategies in their trading. In the long term, Yearn.Finance may become a profitable investment for investors if the project continues to gain popularity. READ MORE: How to create passive income using crypto trading bots in 2022?

What are CryptoPunks and why is everyone talking about it? CryptoPunks is a notable project, which is considered one of the most popular and expensive NFT collections, and also occupies the first position in sales. Initially, CryptoPunks was available for free – buyers only paid the transaction fees in the Ethereum network, which was $0.11 in mid-2017. Today, the cheapest lot can cost about several thousand dollars for fans of digital art. Why is this NFT token in such demand and how does it impact digital art? What are CryptoPunks? CryptoPunks is the first collection of NFT tokens based on the Ethereum blockchain. If you own at least one of these tokens, you can purchase anything – from a small apartment to a huge mansion. However, it should be noted that the number of these pictures is limited. This collection includes 10,000 eight-bit pictures of punks. Each of these NFT tokens has its own unique features: skin color, eyes color, race, accessories, etc. The collection consists of 3,840 female and 6,039 male characters. All characters are divided into categories: women, men, zombies, monkeys, aliens. It is worth noting that only punks who are people have gender attributes, while monkeys, aliens, and zombies do not have these ones. As one of the first and most famous NFT projects, CryptoPunks not only inspired digital artists to be creative but also led to the development of the ERC-721 token standard for digital art collections. The project gained particular popularity in 2021 after several CryptoPunks were sold for millions of dollars, which made them one of the most expensive NFTs.  Who was the CryptoPunks project founded? CryptoPunks were created by New York-based company Larva Labs in 2017. The founders of this project are Matthew Hall and John Watkins. The CryptoPunks project was launched with the aim of experimenting to combine the possibilities of non-fungible tokens and art. As a result, we got such a concept as crypto art or digital art. Nevertheless, nobody should forget that NFT is also a type of cryptocurrency. However, it is very different from Bitcoin or BNB. As we mentioned above, each of the 10,000 punks is unique, and the combination of various attributes guarantees the uniqueness of all NFT tokens. Some attributes are more common, others are less common. The more rare attributes an NFT has, the higher its value is and, accordingly, the cost. We have provided some examples of attributes: Race: zombie, alien, monkey; Gender: man, woman; Chains, hats, necklaces, caps, earrings, etc.; The eyes, skin, and hair color, hairstyle, lipstick color, etc. Each NFT can include from 0 to 7 attributes. The name of Genesis punks has carried those punks, which have 0 attributes. There are 8 of them. All these NFTs can be seen on the CryptoPunks’ website. They are in the “Attribute Counts” section at the bottom of the page. CryptoPunks # 8348 is the only NFT that has all 7 attributes.  Among his attributes are a beard, sharp teeth, a cigarette, a mole, a top hat, and an earring in his ear as well as being dressed in classic style. The attributes of each NFT are included in the metadata. Thus, a collector wishing to purchase a specific NFT can sort the lots by attributes. For example, he can find lots with glasses, a beard, or a matching set of accessories. Some attributes may be more common, others are less common. For example, earrings are the most common accessory, and the cost of lots with them is much lower than lots with a beanie, which is the rarest attribute. However, there are also exceptions to the rule. For example, 286 punks have 3D glasses, and 148 punks have green clown hair. At the same time, the cost of lots with 3D glasses is much higher than that of green clown hair. Therefore, the cost of lots is determined not only by the uniqueness of the attributes but also by the preferences of buyers. Most NFT collections like Apymon or Artvatars have metrics so-called “rarity level”. Using this metric, you can calculate the total uniqueness of the lot. But CryptoPunks doesn’t have an automatically calculated “rarity level”. The uniqueness of this NFT can only be recognized by the total number of rare attributes that punk has. Where to buy CryptoPunks? Since all CryptoPunks have already been purchased, people can acquire them in the secondary market. They are currently available on many trading platforms such as Christie’s and the NFT marketplace OpenSea. CryptoPunks can be bought in two collections CryptoPunks and Wrapped CryptoPunks on OpenSea. NFT Wrapped CryptoPunks cannot be purchased anywhere else, as they are only available on the OpenSea platform. Sellers sometimes offer buyers to purchase CryptoPunks mini-collections that include multiple tokens. You can also buy CryptoPunks on the official website of the project.  Basically, in order to acquire this NFT, you will need Ethereum coins. The cost of punks from the CryptoPunks collection does not differ on the official website and OpenSea and can vary from 16.5 to 4.2 thousand ETH (from $67 thousand to $17 million). As for the Wrapped CryptoPunks collection, their cost can start from 25 to 66 ETH, or from $102 thousand to $268 thousand. Most expensive CryptoPunks CryptoPunks the collection is considered one of the most expensive in the market. The rise in the value of this NFT occurred amid the growing popularity of non-fungible tokens. Here are some digital arts that were sold at high prices in 2021: Type of CryptoPunks Price Date of sale #2890 605 ETH (it was about $762 thousand at the time of the transaction). January 2021 #6965 800 ETH (it was about $1.54 million, at the time of the transaction) February 2021 #7804 4200 ETH (it was about $7.57 million at the time of the transaction). March 2021 #3100 4,200 ETH (it was about $7.58 million at the time of the transaction). March 2021 #7523 $11.8 million June 2021 Today, the total sales of CryptoPunks amounted to more than

How to generate a high profit with Cryptorobotics? The cryptocurrency market is known for its high volatility, with the cost of digital coins fluctuating even in a few minutes. Also, cryptocurrency trading is a very dynamic process that requires investors to participate in the cryptocurrency trading process continuously.  Collectively, all these aspects prevent traders from effective cryptocurrency trading. First, in many instances, traders don’t have the opportunity to respond promptly enough to price movement to get successful and profitable trades. The deceleration of exchanges and transactions time militates against this even further. Second, traders don’t have enough time to give due attention to cryptocurrency trading for obtaining the best results in it. As to do so, it would be necessary to monitor crypto exchanges 24 hours a day. Thankfully, a huge number of traders can solve these problems due to automated tools that start trades and execute transactions instead of real traders. One of such solutions is crypto trading bots. Trading bots provide traders with automated buying and selling cryptocurrency that is based on key technical indicators. Bots are capable of implementing different crypto trading strategies and bringing to traders a high percentage from profitable trades. This guide enables you to find out more information about algorithmic trading and introduce you to the best crypto trading bots currently available in the Cryptorobotics terminal. What are trading bots? A crypto trading bot is a software that interacts directly with crypto exchanges and places buy or sell orders on your behalf based on market data. Bots make these decisions by tracking price movements in the market and reacting according to a set of predefined and preprogrammed rules. Typically, a trading bot analyzes market actions such as volume, orders, price, and time. Moreover, they can be programmed according to your taste and preferences. Types of the crypto trading bots   Nowadays, a huge number of cryptocurrency trading platforms provide traders with a wide range of crypto trading bots that can ensure an efficient trading process. Let’s take a closer look at the types of bots and their features. Trading bots. It is the simplest type of bot. They earn money by buying and selling cryptocurrencies. In order to make a decision, these types of bots use indicators of technical analysis such as SMA, RSI, MACD, etc.    Advanced crypto trading bots. Such bots are intended for advanced users, and they don’t have an established strategy. Advanced bots can be configured from scratch on their own according to your requirements. Market-making bots. Market making bot is an automated tool that implements an investment strategy and is used to ensure liquidity due to filling up the order book with buy and sell orders. This helps market participants execute their orders at any time.  Crypto signal bots. This type of crypto trading bot helps collect predictions from TradingView, social networks, blogs, media, Telegram channels, and other sources. They send signals about changes in the market or create trading recommendations that are based on the received data.  Arbitration bots. They make money on the difference in prices between a certain pair or different pairs on the same exchange. They also make money on rate fluctuations between exchanges.  Crypto bots with the support of statistical arbitrage. The main task of the system is to identify the price correlation between coins. Each coin is assigned a rating and depending on whether it is low or high, the currency is either shorting or longing. It is worth noting that there is no perfect bot that does everything for you. A deep understanding of the cryptocurrency trading bot’s actions is required and the ability to configure it correctly. Therefore, it is better for you to initially try to trade with the robot in Demo or Test mode on the trading platform in order to understand its functioning and whether it is worth using it. Advantages and disadvantages of the cryptocurrency trading bots Advantages of the Crypto Bots The speed of decision-making. Even experienced traders take some time to analyze the market situation. Beginners do it even more slowly. As a result, a trading opportunity may be missed. In order to avoid such situations, many traders prefer to use crypto trading bots. They analyze everything much faster and make decisions faster than real traders. The ability to analyze an unlimited number of crypto pairs. If we compare a bot with a human in this parameter, the advantage is again on the side of the first. A person is simply not able to analyze a large number of assets and make a reasonable decision. Therefore, a lot of traders are trying to provide this task to bots, using only ready-made results from the work. No errors in the algorithm. A person in the process of market analysis can make mistakes. This is due not only to the level of training but also to the psychological state of the trader. Crypto bots work well within the algorithm. If there is a signal, he will use it. 24-hour trading. A person needs rest. Many people cannot devote more than two hours a day to trading. The crypto trading bot, on the contrary, works around the clock, which ensures a continuous process of cryptocurrency trading on exchanges. Lack of emotion. A person is subject to various psychological states. He is adventurous, may feel fearful or depressed. This affects the trading results. The cryptocurrency trading bot does not feel any emotion. He is not characterized by excitement. It works only within the framework of its own algorithm. Discipline. Traders often make one serious mistake. They do not know how to manage capital properly. A bot for the cryptocurrency market will operate according to an algorithm pre-installed in it. For example, if you set a $10 trade size limit, the bot will never change it on its own. Disadvantages of Crypto Bots While cryptocurrency trading bots are very useful for the trading process, they are not suitable for everyone. Some of the disadvantages associated with using these

The Cryptorobotics trading terminal has expanded its list of crypto exchanges At the moment, one more well-known exchange is available on the platform, which is called KuCoin. KuCoin is one of the new and most popular exchanges among users. After launching the platform in 2017, this project was able to take the first position among other crypto trading exchanges in a few months. In this review, we will find out why this platform is so popular and how users can start trading on the exchange through the Cryptorobotics trading terminal. How does KuCoin work? KuCoin is a platform for exchanging and trading cryptocurrencies that offers margin, futures, and spot trading. Today, traders and investors have access to a wide selection of digital coins, since dozens of cryptocurrencies are represented on the crypto exchange, including BTC, ETH, USDT. KuCoin has its own trading terminal with various tools needed to trade cryptocurrency. The terminal contains basic analytics, charts, and indicators. Users can use both the web version of the terminal and the mobile version for Android and iOS devices. In order to replenish the account balance and withdraw funds, users can use debit cards, crypto wallets, and electronic wallets. The platform also offers an affiliate program (payments for referrals) and contests with cash prizes. History of creation The KuCoin crypto exchange was created by specialists who previously had experience working with projects such as Ant Financial, iBox PAY, and other large projects in this field of activity. The goal of the launch of this project was to develop a simple and secure platform using modern technologies for users around the world. The project development team was fully formed only in May 2017, and the platform was launched in August 2017. After that, users have been presented with the KuCoin app for Android and iOS smartphones. Since its inception, the platform has boasted an impeccable reputation for making the platform as secure as possible. The proof of the reliability of the KuCoin exchange is that it has never been hacked. The KuCoin exchange also has its own token called KuCoin Shares (KCS). Any registered user can purchase this digital coin. Buying this digital coin gives you an opportunity to pay a low fee. At the moment, KuCoin is one of the best cryptocurrency trading tools. The platform supports various languages such as Russian, English, German, French, Spanish, Portuguese, and some Asian languages. Registration and verification The registration process on KuCoin does not require complex activities. To register on the exchange, users just need to follow these steps: Go to the official website of the KuCoin exchange. Choose a language. Click on the “Register” button. Enter your email address and password (2 times). Click “Next”. To confirm registration, the user needs to follow the link that will come in the letter to the mailbox specified by the user. This completes the process of creating an account. The exchange does not require identity verification, so users do not need to send passport details, etc. In order to connect two-factor authentication, you will need to connect to the Google Authenticator system. Features of KuCoin crypto exchange Low fees. Ease of use. Support for many languages. A wide selection of cryptocurrencies. Security (KuCoin exchange has never been hacked). Lack of identity verification. Anonymous trading. What Cryptorobotics’ tools can be used to trade on the KuCoin exchange? As we said, KuCoin is now available in the Cryptorobotics trading terminal. To trade on this exchange, users can use all the tools of the Cryptorobotics platform, including algorithmic functions (Trading bots, Signal trading, Autofollowing, OCOs, or smart orders). Let’s take a closer look at each of them. OCOs, or smart orders – this function allows users to simultaneously place limit and stop-limit ask or bid orders along with Stop Loss, Take Profit, Trailing. This tool allows traders to increase the chances of making a profit and minimize the risks of losing funds. Trading bots are software that has been developed to buy and sell cryptocurrencies on various exchanges. The main goal of this development is to increase income and protect traders from losing funds. Signal trading is an algorithmic function that is designed to enter trades based on the signals received from analysts, created as a result of the analysis. The essence of this function is that the analyst informs the trader about possible profitable trades on cryptocurrency exchanges. Orders can be executed automatically, by setting all parameters in accordance with the analyst’s forecast, or you can change the setting depending on your preferences. Autofollowing is a fully automatic feature that makes cryptocurrency trading much easier and more efficient. This function works as follows: the bot receives signals from analysts, processes them, and then it starts to enter trades. You set up the Autofollowing tool only once, and then all you have to do is monitor the effectiveness of the signal execution. Besides algorithmic tools, you can also use all manual trading tools and set up additional features such as market orders, limit, and stop-limit orders. How to buy crypto on KuCoin through the Cryptorobotics platform? In order to start buying the crypto on the KuCoin exchange through the Cryptorobotics trading platform, you need to follow these steps: 1). Register. 2). Create an account on the KuCoin exchange. 3). Link your account to the Cryptorobotics trading terminal using API keys. 4). If there are no funds on the crypto exchange, then you need to transfer funds to the exchange wallet (you can find all the necessary instructions on the Cryptorobotics platform). After registration is complete, you can start manual or algorithmic trading using OCOs, or smart orders, Trading bots, Signal trading, or Autofollowing. Conclusion Summing up, it should be noted that the KuCoin platform is a successful project, the functionality of which is built on modern technologies. This platform allows users to use various trading tools. The platform also offers a wide selection of digital coins, including the most famous tokens and stablecoins. All these facts indicate that KuCoin

Cryptorobotics trading terminal added KuCoin to the list of its cryptocurrency exchanges Today, the KuСoin crypto exchange has appeared in the Cryptorobotics trading terminal. Now, traders can use various algorithmic tools presented on the Cryptorobotics platform to trade on this exchange. These tools include Smart orders, Trading bots, Signal trading, and Autofollowing. It is worth noting that in addition to algorithmic functions, users can also use manual trading tools to trade on KuСoin and set up additional functions such as market orders, limit, and stop-limit orders. It should be reminded that there are also available other crypto exchanges in the terminal such as Binance, Binance.US, Bittrex, CEX, Bitfinex, EXMO, Huobi, Kraken, OKEX, Gate.io, P2PB2B, Poloniex, ByBit, Binance Futures, and Bybit Inverse. When was the KuCoin crypto exchange created? KuCoin was founded in August 2017 in Hong Kong by a team that previously worked on projects such as Ant Financial and iBox PAY. After the launch of the platform, a mobile application was released for Android and iOS smartphones. The purpose of creating this platform was to provide users with security, as well as to make this crypto exchange as easy to use as possible. Today, the platform really boasts excellent security functions as it has never been hacked since its inception. According to Coinmarketcap data, the KuCoin exchange ranks 5th in the list of the largest crypto exchanges in terms of trade volumes. KuCoin also has its own internal token called KuCoin Shares (KCS). This coin is developed on the Ethereum blockchain and is an ERC-20 token. KCS can be stored not only on the exchange but also in the Ethereum wallet. The purchase of this token gives users the ability to receive dividends, pay low withdrawal fees, and access to all the tools on the platform. Also, it should be noted that a wide selection of languages ​​is currently available in the KuCoin exchange such as English, French, German, Portuguese, Russian, and some Asian languages, which allows users from all over the world to use this platform. READ MORE: KuCoin REVIEW

What is DeFi? DeFi, also known as decentralized finance, is a relatively new trend in the cryptocurrency industry, which showed rapid growth in users’ interest in 2019-2020.  According to Binance Research, the decentralized finance market experienced growth in 2019, expanding both its customer base and infrastructure. In 2020, there was huge excitement around this area, as in 2017 around the ICO. To date, DeFi tokens are considered the most profitable. Previously, the DeFi sector was relatively small compared to the scale of the cryptocurrency market, but in 2021 it gained significant growth and attracted many traders and investors with its capabilities. What has sparked this interest and what are the prospects for DeFi in 2022? What does DeFi mean? DeFi is a financial tool created on the blockchain. The primary objective of decentralized finance is to become an alternative to the banking sector and change the traditional technologies of the current financial system with open-source protocols. That is, it is open to a large number of people to access decentralized lending and new investment platforms, as well as allow them to get passive income from digital assets. The majority of existing DeFi projects are designed on the Ethereum blockchain, and many new applications in the area of decentralized finance are constantly increasing.  The pioneer of DeFi applications that gained widespread popularity was the MakerDAO platform, launched in late 2017. Since then, the total amount of funds allocated in the DeFi protocols (TVL, Total Value Locked) has been constantly growing, and faster and faster. So, in May 2018, TVL was $150 million, in May 2019 — $500 million, in May 2020 — $950 million, and in November 2021 the figure reached a record $236 billion. Concerning the most demanded products in this field are lending, decentralized stablecoins, decentralized exchanges (DEX), and token issuance services.  A new proprietary financial system occurs in the crypto market, superior in quality to the traditional one. A characteristic of DeFi products is the absence of centralized management and a huge number of the traditional financial system’s drawbacks, such as the lack of fast transactions, intermediaries, the necessity to confirm identity, and revenue sources.  The attitudes through decentralized finance are based on smart contracts. It is a particular algorithm in the blockchain that is responsible for the parties’ compliance with the terms of the contract. Smart contracts almost eliminate human error.   How to invest in DeFi? Yield farming Yield farming is a kind of investment in DeFi that enables liquidity providers (LP) to lock their crypto in a smart contract (liquidity pool). The returns can be generated as a percentage of transaction fees, interest from loans, or a governance token. The profits are provided as an annual percentage yield (APY).Since many investors add their digital assets to the proper liquidity pool, it leads to the mitigation of issued income. Also, you should keep in mind that adding your crypto to liquidity pools may cause an impermanent loss. Impermanent loss is a temporary loss of money that arises during providing liquidity to a pool. The greater the volatility of the coin is in the pool, the more chances to lose it. An impermanent loss can be recouped due to the profit (for fees) you get from providing liquidity. In the beginning, many investors select the famous stablecoins (DAI, USDC, and USDT). But, this situation has changed owing to the most popular DeFi protocols currently operating on the Ethereum network and providing governance tokens that are also referred to as liquidity mining. Digital coins are held in these liquidity pools in exchange for providing liquidity to decentralized exchanges. The essence of Liquidity mining is when yield farming participants get a reward in the form of digital coins. Liquidity farming became widespread after Compound started issuing its management token COMP, which has shown huge growth. Staking Staking is an investment method that allows storing digital coins in a special wallet that supports the blockchain network of the Proof-of-Stake (PoS). That is, staking functions like a deposit on which a certain amount of funds is locked in order to generate passive income from it. Lending & Lending Protocol Lending & Lending Protocol is a type of earnings that allows generating income through P2P lending. In this case, Lenders and borrowers cooperate via the blockchain. The borrower gets a loan in crypto against interest, leaving a deposit also in digital currency. As far as the lender is concerned, so he invests his crypto in a common pool and makes money on interest. P2P lending platforms can provide every user with loans and don’t require borrowers to provide their credit history and ID. The only requirement is to provide a deposit. Mostly, it is approximately 150% of the loan amount. In the meantime, the smart contract provides assurance that the lender will bring back his investments with interest even if cryptocurrencies will decrease in price or the borrower doesn’t return the loan. Margin trading Margin trading (leveraged trading) on DEX is a means of trading on an exchange utilizing leveraged funds. Owing to leverage, a trader has the ability to utilize in the process amounts which exceed the available ones. Thus, the trader borrows a digital coin from decentralized credit protocols in order to open larger orders and increase your profits. Smart contracts regulate the possible risks of losing funds. Investing in DeFi crypto Investing in DeFi crypto is the usual acquire of digital coins when they raise in price. The attraction of this way of investing in crypto is that within hours of the issuance of the DeFi token, its price can grow by thousands of percent. However, there is also a weakness – the high volatility of new tokens. Thus, you must consider the fact that you can not only make money but run the risk of losing it. Advantages and disadvantages of investing in DeFi crypto Advantages Fast and simple transactions. Decentralized Finance (DeFi) offers investors and traders a better, simpler, and more productive method of making financial

Japanese Candlesticks in Crypto Trading: A Complete Guide and Examples For many new crypto traders, one of the biggest challenges is understanding and reading charts. Therefore, some traders rely on their intuition, and they are guided by it during trading or investing. This strategy can work when it is a bull market, but it is not suitable for a long-term investment.  Therefore, traders often use candlestick charts to analyze price patterns of market behavior. This is a fairly old method of analysis that helps investigate and predict future price movement. Japanese candlesticks have gained the trust of market participants due to their inherent informativeness and visual presentation of data about the trading process.  Candlesticks are an advanced tool for predicting the behavior of price charts that help to reveal the market sentiment. What are candlestick charts? The Japanese candlestick chart is a type of chart that is used to analyze the price of an asset over a certain period of time. This chart consists of candles that represent the same timeframe. The duration of this period can range from a few seconds to several months, or even several years. Varieties of such charts were created in the 17th century. These tools are believed to have been created by a Japanese rice merchant named Homa, and it was his ideas that formed the basis of modern candlestick charts.  Since then, candlestick charts have been refined and significantly improved. Despite the fact that with the help of candles, it is possible to carry out analysis to obtain various data, their main purpose is to study the price dynamics of movement in the financial markets. Thus, thanks to this research, traders and investors can accurately assess possible price fluctuations and create their own ideas based on the data obtained from the analysis.  How do Japanese candlestick patterns work? Each of the candles includes several points that reflect the fluctuations in the price of an asset over a specific period of time: Open. It is the starting price of an asset for a certain period. High. It is the highest value of an asset for a certain period. Low. It is the lowest value of an asset for a certain period. Close. It is the last recorded value of an asset for a certain period. These meanings are called Open-high-low-close (OHLC) charts. Each candlestick shows the history of the market by using its color and shape. For instance, if candles have a green color, their closing price is higher than the opening price. In case the closing cost of the coin is lower than the opening one, the candlestick is colored red. The shape of the candle is divided into two types: the body and the wick. Body means the distance between the opening and closing prices of an asset. A wick is a line marked on a candlestick chart that is intended to indicate where the cost of a cryptocurrency is fluctuating according to its opening and closing prices. Wicks may also be called shadows. The candle’s range means the distance between the high and low prices. How to read Japanese candlesticks? Most traders consider that candlestick charts are much easier to read than line charts or conventional bars. Despite the fact that all of these graphs provide the same information, candlesticks help get more understandable data about the price movement in the market. Candlesticks show the bulls’ and bears’ resistance within a specific timeframe. Generally, the longer the body, the stronger the buying or selling pressure was. Short wicks at the candlestick indicate the high (or low) price of a certain period of time that it was near to the closing. The color and settings may differ depending on the charting tools, but in general, if the body is green, then the asset’s closing price was higher than the opening price. Red means that the price moved down during the timeframe, and the candle closed below the opening price. Some traders prefer black and white representation. In this case, instead of using green and red charts, they represent upward movements in the form of hollow candles and downward movements in the form of completely black candles. The essence of candlestick pattern analysis boils down to one goal — finding some similar candlestick combinations that are periodically found on price charts. Such combinations are called Japanese candlestick patterns, which can be represented by 1–3 candles or more.  There are a lot of such patterns, and each of them has an original name: “Evening Star”, “Abandoned Baby”, “Hammer”, “Harami”, and others. Each pattern has its own special meaning and signals the trader about certain market changes that can be used to open trades. Japanese candlestick patterns are divided into two types according to the nature of the signals: Reversal patterns. Continuation patterns. The names of these types of models speak for themselves. It should be kept in mind that the vast majority of patterns are reversal patterns. How to use candlestick patterns? There are a huge number of candlestick patterns in order to determine an area of interest for a certain period in the graph.  They are intended for opening long-term positions, day trades, trading on fluctuations in the value of a coin. Some patterns allow traders to understand the balance between buyers and sellers, while others are able to figure out a trend reversal in the market, continuation (consolidation), or indecision of market participants.  Every trader or investor needs to understand that candlestick patterns do not give a direct signal to sell or buy a certain cryptocurrency. Instead, they provide a way to look more deeply at the structure of the market and the potential signals of possibilities in the near future. Anyway, it is desirable to become familiar with such patterns in their respective contexts. This could be the context of the technical pattern on the chart, as well as the broader market environment and many other factors. Candlestick patterns work well when it is combined with other types of analysis

Best ways to start shorting crypto Shorting crypto – is one of the popular methods of investment that helps you to receive profit from drops in the price of a certain asset. The cryptocurrency market is considered one of the most volatile. On the one hand, this is a disadvantage for investors, and on the other hand, traders generate money in this way. There are a huge number of ways to make a profit in the cryptocurrency market. Some cryptocurrency investors or traders use technical analysis, while others will make an investment in companies and projects by using fundamental analysis. Thus, as a trader or investor, you also have many different options for creating a profitable trading strategy. Shorting cryptocurrency is one of the popular methods of investment that helps you to receive profit As is the case with stock exchanges, the most popular and common behavior model among cryptocurrency traders is buying coins at a low price. This is how most traders act. Surely it is easier and less costly to buy a currency at a low price and wait for its growth. But no single coin has shown only an increase without a fall, so a cryptocurrency trader must know how to enter a short position. Thus, we decided to provide you with information on how to short crypto and make money on it, as well as what you should pay attention to. What does shorting cryptocurrency mean? Shorting crypto is a strategy that a trader uses with the aim to get a profit from the falling prices in the market, and this strategy of crypto trading is called “short”. The main feature of this trading strategy is its fast expiration. Market participants who open trades of this type are called “bears”. They got this name due to the fact that they begin to short cryptocurrency during the bear market. Bear market means dropping prices in the crypto market. In other words, a short position is a short and fast leveraged trade. The implementation of this trading strategy is general for any digital coin and looks like this: The trader conducts a fundamental analysis of the cryptocurrency market and chooses the digital coin, the price of which should fall in the near future. The reasons for the falling price of cryptocurrency may be different: negative news, a problematic situation around this type of digital coin, or а general economic situation. Then the trader gets a loan from the exchange for a certain value of the coin that will be suitable for him. After a trader has borrowed the cryptocurrency, he must pay fees to exchanges for their services.   The trader sells the coin while its cost is still at its peak. After that, it is necessary to wait until the price of certain cryptocurrencies declines and purchase it back, but significantly cheaper. The next step will be to repay the exchange and earn profits from the difference. How does short-selling in cryptocurrency work? As we have already mentioned above, In order to enter a short position, it is necessary to borrow the digital currency and sell it on exchange at the current market price. After the declining price, the trader purchases the digital coin at a lower price, returns the borrowed funds, and receives income on the difference between the purchase and sale costs. You can get a loan from other traders, who are rewarded in the form of interest income. The percentage of a borrower’s income depends on the length of the loan term that he provides to another participant in the cryptocurrency market. Today, there are a huge number of trading platforms and exchanges, such as Bitfinex, Kraken, KuCoin, and others, that offer traders to use the services of margin trading. Therefore, they provide funds at relatively high-interest rates to increase their leverage. This leads to the whole process of lending funds for shortening cryptocurrency becoming automated and configured by default. What Is Longing? Traders open long positions to get profits when they buy digital coins at a low price in anticipation of market growth and sell them at a rising price. The difference between buying and selling is the trader’s net income. When holding great trades, the investor has to risk a huge amount of assets and take into account the amplitude of the market movement on long timeframes. How To Long Cryptocurrencies?  Opening long positions to sell cryptocurrency at a higher price is the simple investment strategy. In this case, you invest in cryptocurrency because its value can grow over time. It entails trading cryptocurrency, which guarantees that you have funds and that the profit is calculated on the basis of the market value of your cryptocurrencies. This is the traditional approach is based on low-buy and high-selling. How to Short Crypto? If the trader wants to short crypto, it is necessary to have the skills and willingness to analyze and predict the results. Thus, not every trader is capable of coping with the dropping market.  Professional traders are aware of when they will start shorting crypto. They investigate the market to know when it is worth selling and buying crypto. They wait for a certain period to start the process of “compression”. Due to compression, traders can receive a high profit from the created pressure on the market orders. If you don’t have enough experience and knowledge of the crypto market, you shouldn’t enter the short positions during the falling market, but instead, wait for a growing crypto market and open long positions. This strategy will help you prevent your losses. Before you start shorting a cryptocurrency, you need to choose the coin, the value of which should decrease in the future. Next, you need to determine the moment of entering the market, take a loan and place an order. The success of the operation and its profitability depend on the correctness of the decisions taken. If you decide to short a cryptocurrency, you need to consider a few points: Market