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6 best Kraken alternatives to use in 2020

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Top Kraken alternatives to use in 2020

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Kraken is one of the most popular cryptocurrency exchanges amongst many traders across the world. Many who use Kraken today are looking for a secure exchange, that is easy to use and have a decent selection of cryptos.

And Kraken also has Fiat onramp and offramp to its platform. Which attracts lot of traders to them.

But if you wanted to branch out, and see if there are other Kraken alternatives that you could use. With similar features, but perhaps with other cryptocurrencies, or more available. Or perhaps with larger liquidity and trading volume than Kraken?

If you are then I thought I could share with you all some of my favourite cryptocurrency exchanges of 2020. Exchanges that are similar to Kraken but can also offer something new, or different.

And hopefully a couple of these listed here could be of interest for you to try out.

6 best Kraken alternatives list

Let’s get to it. To navigate the list of more than 200+ cryptocurrency exchanges and brokers out there I had to have some type of requirements with me when evaluating and selecting a top list of the best alternatives for Kraken.

I have based my current decisions on the following:

  1. Does it have a Fiat currency on- & off-ramp?
  2. Is the site and or app easy to use, for trading, depositing, withdrawing, etc?
  3. Can I trust this exchange? Would I say that it is in the top 10% percentile of exchanges based on this?

And based on these three areas, and my own past experience of course.

1 ) Coinbase + Coinbase Pro

Coinbase exchange photo

Pros

  • It is very easy to use and beginner-friendly
  • It is available in most countries in the world
  • They have many different payment methods available (credit card, debit card, bank transfer, PayPal)
  • It is one of the most secure cryptocurrency brokers in the world and used and trusted by millions
  • High liquidity limits
  • The option to combine Coinbase with Coinbase Pro to save on fees
Cons

  • High fees when buying with a card
  • They take out a spread and have less positive conversion rates (reduce this by buying at Coinbase Pro)
  • They can give away your information to national tax agencies
  • Reports of being down during important market times

Ok, first out on this list of my favourite alternatives to Kraken is Coinbase.

Both Coinbase and Kraken are U.S based exchanges, or crypto brokers perhaps is a better word for Coinbase.

What stands out for both Coinbase and Kraken is that they are top of the line in terms of user-friendliness and UX. In other words they are easy to use, to trade, buy, sell, etc.

The other thing that attracts millions of users is the range of payment methods available at Coinbase:

  • Bank transfer
  • Credit card and debit card
  • PayPal

Not all payment methods are available in every country (read more here about it here)

Get $10 for free when joining Coinbase and buying for at least $10

So I am including Coinbase, which is more of a crypto broker. Where you can buy and sell cryptocurrencies directly from Coinbase.

And then also Coinbase Pro, which is the exchange version of Coinbase. Where you can trade cryptocurrencies with other users and more specifically set your trades.

2 ) Binance

Binance cryptocurrency exchange photo

Pros

  • One of the world’s most popular exchanges
  • Have one of the best selections of cryptos (BTC, LTC, XRP, ETH, etc)
  • Great trading liquidity and volume
  • Lots of payment options (card purchases, bank transfer)
  • Very safe exchange with a user reimbursement fund
  • Cheap trading fees, with additional BNB discounts
Cons

  • Reports of Binance wallets being offline for long times, delaying withdrawals
  • They have been hacked before (but reimbursed the users)
  • Their customer support has had some complaints in the past

Second out on this list is a favourite crypto exchange of mine, Binance.

It is today one of the largest exchanges, based on trading volume and number of cryptocurrencies available on its platform.

Binance is an all-round exchange that kinda excels a bit in every field. From features, to payments, UX and security.

Binance is definitely one the most feature-rich exchanges out there, some examples are:

  • Payment methods – Fiat onramp & offramp + credit/debit card
  • Security features like the SAFU (fund to reimburse users)
  • Trading (margin trading, futures, OTC desk, spot trading, etc)

And besides that it has one of the best liquidation pools. So if you are looking for a consistent exchange where you can easily sell or buy cryptos quickly Binance is your best bet!

If you want more guidance on how to buy, sell and trade on Binance read this one.

3 ) OKEx

OKEx mobile screen

Pros

  • Good selection of cryptos
  • Decent fees (0.100% fee & 0.150% taker fee downwards)
  • Has fiat (card purchases) + crypto
  • Fairly easy to use
Cons

  • Problems with fake trading volume
  • Reports of issues with its support
  • Not as good liquidity as Binance and others

Now, this is an exchange that might not catch the limelight always, at least not ahead of Binance. But in truth OKEx is a top exchange.

It has one of the best trading volumes, number of cryptos available, and for being an all-round top trading platform.

It has anything a seasoned or novice crypto trader would need.

So if you are looking for an alternative to Kraken that is easy to use, great trading volume, has Fiat onramp (credit card or debit card) and full of exciting cryptocurrencies to buy then I think you should check out OKEx.

Get $10 for free when joining OKEx and buying for at least $10

4 ) Bitpanda

Buy cryptos at Bitpanda

Pros of a p2p marketplace

  • Most payment options available by all sites (cash, bank transfer, card payment, vouchers, PayPal, Skrill, Neteller, Swish, etc)
  • Trusted by lots of users
  • Escrow service
  • Opportunity to buy anonymously
Cons of a p2p marketplace

  • Limited amount of cryptos available
  • Can be pricier than at exchanges
  • Not as beginner-friendly as others (Coinbase for example)

Now, this is a new favourite of mine, and it like Coinbase is not a traditional cryptocurrency exchange. But a crypto broker, Bitpanda.

So on here you buy from liquidation pools supplied by Bitpanda, and not from other traders.

So why should you pick Bitpanda as your main alternative to Kraken? Well because it has a lot of good things going for it.

For example:

  • It has a great selection of cryptocurrencies available. One of the best of all crypto brokerage sites
  • It has one of the best options for payment methods. From bank transfer to credit/debit card, Skrill, Neteller, Sofort, etc
  • It is really easy to use

So if you are looking for a place where it is really easy to buy cryptocurrencies then I think you should look into using Bitpanda from now on.

5 ) Gemini

Gemini cryptocurrency exchange and an US-based alternative to Kraken

Pros of a p2p marketplace

  • Fiat gateway – bank transfer in and out (ACH, SEPA, Wire, etc)
  • A nice-looking and user-friendly app and site
  • Decent trading volume and liquidity
  • Very secure and reputable exchange and fully compliant with regulations in the US
  • Good trading interface
Cons of a p2p marketplace

  • Long registration and KYC process
  • Limited crypto support (compared to Binance and others)
  • Slightly higher trading fees than the industry average

Fifth out and also a U.S based alternative is Gemini.

It has some famous crypto-founders in the Winklevoss twins. You know the guys with the Facebook-background. These guys are hardcore crypto fans and entreprenuers.

And not only have they bought lots of Bitcoin themselves, but also invested in creating a secure and easy to use platform for trading Bitcoin and other cryptocurrencies.

Gemini like the others on this list has done lots of work to improve the look and feel of the site, and invest in a secure and really easy to use app.

Gemini also has fiat gateways, so you can deposit funds from your bank account and then start trading on Gemini. Doing this can help save lots in fees when first entering, or for that matter exiting the crypto market.

6 ) Bittrex

Bittrex website

Pros of a p2p marketplace

  • Fairly easy to use and beginner-friendly
  • Lots of cryptocurrencies supported
  • Fiat gateway (bank transfers)
  • Very secure and reliable
  • Lots of trading features available
  • Decent trading volumes
Cons of a p2p marketplace

  • No margin and leverage trading
  • Slightly higer trading fees than for the highest paying fee tier

And last on this list is another U.S based cryptocurrency exchange. For me, Bittrex and Kraken is very similar in lots of ways.

Both U.S based, both are part of the oldest remaining cryptocurrency exchanges, both have fiat deposits and withdrawals and being part of also a group of crypto exchanges that are the most trusted and secure ones I’d say.

Neither has really been affected by any serious hacks in the past. And for Bittrex security is part of their DNA. Bittrex was founded by three security experts that knows the importance of securing users, their funds and data.

What sets Bittrex apart from Kraken is their increased range of available cryptocurrecies.

It almost has as good, or even better availability of cryptocurrencies as Binance. It doesn’t reach Binance’s liquidity and trading volumes (few do). But if you are not trading large volumes of obscure altcoins that shouldn’t be a problem for you anyway.

So if you are looking for a reputable, secure and US-friendly exchange then Bittrex should be your choice.

Conclusion

That’s the end of this guide to in my eyes the best Kraken alternatives to use. These are exchanges with similar features like Kraken but all with some different useful features.

Of course there are plenty of other good exchanges or brokers to use. But these exchanges/brokers all tops various top lists and are ones I’ve used and enjoyed.

That being great UX, ties to the U.S, fiat gateways, great selection of cryptos, and much more!

If you want to find more top crypto exchanges click here.

Which is your favourite?

Some final tips from me to you guys is that you should never leave your cryptocurrencies on an exchange for too long.

Even though they are super trusted and haven’t been succesfully hacked in the past. It to me is not worth the risk.

So that means investing in your own cryptocurrency wallet. Now you don’t need to buy one, but I would recommend that you do buy a secure hardware wallet. They are the most secure types of cryptocurrency wallets.

Like the Ledger Nano X or the Trezor Model T! You will definitely (like I do) sleep better at night. Knowing that you have done your part in securing your cryptocurrencies.

More popular guides:

  1. How to invest in Bitcoin the beginner guide
  2. Bittrex vs Binance comparison
  3. How to Sell Bitcoin for cash – ‘cash out BTC’
  4. Best Stellar wallets to use
  5. 16 Proven Ways of Making Money from Crypto
  6. Best sites to buy ETH with PayPal

Written by:

Per Englund – Founder of Go CryptoWise a cryptocurrency and tech fan that want to see better and smarter products and services that make our lives better and easier

Source: https://gocryptowise.com/blog/best-kraken-alternatives/

Blockchain

Here’s how Viberate plans to tokenize live performances

You might remember Viberate as the music tech startup with an incredibly successful 2017 ICO when they sold out their VIB tokens (available on Binance, Bittrex, OKEx, and Uniswap) in under five minute

The post Here’s how Viberate plans to tokenize live performances appeared first on AMBCrypto.

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You might remember Viberate as the music tech startup with an incredibly successful 2017 ICO when they sold out their VIB tokens (available on Binance, Bittrex, OKEx, and Uniswap) in under five minutes. Today, they’ve grown into full blockchain-based music research and analytics platform and have just announced another ambitious project: launching the first-ever live performance NFT.

With World’s first “live gig NFT”, Viberate will explore new ways for music artists to trade their work.

Teaming up with the Blockparty marketplace, Viberate plans to drop special NFTs featuring exclusive content by one of the company’s co-founders, world-renowned Techno DJ, and producer UMEK. Besides three original remixes of his track “Lanicor”, bidding will also be open on his live performance.

If the concept proves to be successful and gains traction in the industry, Viberate plans on providing the option of gig token minting to nearly half a million music artists in its database, along with minting artist ID NFTs through a secure verification process. These ID NFTs will then act as a certificate of authenticity, reassuring the buyer that the contents indeed come from a verified artist.

Matej Gregorcic, Viberate co-founder and CEO, explains their plan: “What we’re testing out is quite straightforward. Any artist in the Viberate database will have the chance to offer the right to their live performance in the form of an NFT. People, be it organizers or fans, then bid on that token. The highest bidder will be able to decide between cashing in the token, meaning that the artist will play at their event, or reselling the token.

The collected funds are held in escrow until the day of the show. Once the event starts and the artist goes on stage, the token holder burns the token. This way, with the help of blockchain, both parties are secured and payments can be handled safely and transparently. We believe that the opportunity to handle bookings through NFTs comes at a great time, as the live music industry was hit extremely hard during the pandemic, so all the artists out there are looking for new ways to make sure there’s a gig waiting for them once live events return.”

To mint their own gig NFT or create a verified ID NFT, a music artist will first need to create and claim their profile on Viberate. For each NFT minted, they will need to lock VIB tokens into a smart contract and set the terms of the performance together with the initial price. Once the NFT is sold, the VIBs will be burned. Should an artist burn their NFT themselves, their VIBs will be returned to them.

Viberate and UMEK’s NFT drop will launch on Blockparty on Thursday, April 29, 2021, at 8:00 pm GMT+1 (3:00 pm EST).

Disclaimer: This is a paid post and should not be treated as news/advice.


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Source: https://ambcrypto.com/heres-how-viberate-plans-to-tokenize-live-performances

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CLS Group Posts Uptick in March FX Volumes as Markets Remain Active

FX swap demand last month even crossed the record achieved by the company in March 2020.

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CLS Group, a major foreign exchange settlement provider, reported positive growth in trading activities in March across all offered forex instruments. The company posted an average daily traded volume of $1.977 trillion for the month, which is 1.8 percent higher than February’s numbers.

The increase in the demand can be seen across forward, swap, and spot FX markets, where the company is operating. The demand for FX swaps leaped the highest last month with around a 3 percent jump to $1.377 trillion from February’s $1.353 trillion. It was even higher than what the company recorded in March 2020 when the entire financial market saw extreme volatility due to the Coronavirus breakout.

Looking Forward to Meeting You at iFX EXPO Dubai May 2021 – Making It Happen!

The forward and spot FX market also jumped higher by 2 percent each to $0.117 trillion and $0.483, respectively. However, the overall monthly figures remained lower than what the FX settlement provider reported a year ago.

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Following the Industry Trend

“In the first quarter of 2021, we witnessed record average daily traded volumes of USD1.95 trillion, demonstrating a consistent increase of FX market activity year-on-year,” said Keith Tippell, CLS’s global head of product. “This was despite a 10% decrease in overall volumes in the month of March 2021 compared to the record highs in March 2020, driven by the extreme market volatility relating to the COVID-19 pandemic.”

Tippell further elaborated that a significant portion of the FX demand was generated by two currency pairs, USD/JPY and USD/HKD, as both recorded a monthly uptick of 15 percent and 38 percent, respectively.

Meanwhile, the company is expanding its industry footprint with more and more partnerships. In the past few months, Capitolis and BGC Group tapped CLS to enhance their FX services.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.financemagnates.com/institutional-forex/execution/cls-group-posts-uptick-in-march-fx-volumes-as-markets-remain-active/

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Blockchain

CLS Group Posts Uptick in March FX Volumes as Markets Remain Active

FX swap demand last month even crossed the record achieved by the company in March 2020.

Avatar

Published

on

CLS Group, a major foreign exchange settlement provider, reported positive growth in trading activities in March across all offered forex instruments. The company posted an average daily traded volume of $1.977 trillion for the month, which is 1.8 percent higher than February’s numbers.

The increase in the demand can be seen across forward, swap, and spot FX markets, where the company is operating. The demand for FX swaps leaped the highest last month with around a 3 percent jump to $1.377 trillion from February’s $1.353 trillion. It was even higher than what the company recorded in March 2020 when the entire financial market saw extreme volatility due to the Coronavirus breakout.

Looking Forward to Meeting You at iFX EXPO Dubai May 2021 – Making It Happen!

The forward and spot FX market also jumped higher by 2 percent each to $0.117 trillion and $0.483, respectively. However, the overall monthly figures remained lower than what the FX settlement provider reported a year ago.

Suggested articles

FBS Broker Updates its Trading Platform for Excellent PerformanceGo to article >>

Following the Industry Trend

“In the first quarter of 2021, we witnessed record average daily traded volumes of USD1.95 trillion, demonstrating a consistent increase of FX market activity year-on-year,” said Keith Tippell, CLS’s global head of product. “This was despite a 10% decrease in overall volumes in the month of March 2021 compared to the record highs in March 2020, driven by the extreme market volatility relating to the COVID-19 pandemic.”

Tippell further elaborated that a significant portion of the FX demand was generated by two currency pairs, USD/JPY and USD/HKD, as both recorded a monthly uptick of 15 percent and 38 percent, respectively.

Meanwhile, the company is expanding its industry footprint with more and more partnerships. In the past few months, Capitolis and BGC Group tapped CLS to enhance their FX services.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.financemagnates.com/institutional-forex/execution/cls-group-posts-uptick-in-march-fx-volumes-as-markets-remain-active/

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Chinese Police Confiscated $3.8 Million in Crypto After Arresting EOS Gambling dApp Team

$3.8 million in bitcoin and EOS seized in China from a team of developers operating a decentralized gambling platform built on the EOS blockchain.

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Chinese police officers have confiscated nearly $4 million in various cryptocurrencies after a raid against several developers that operated a decentralized gambling app built on the EOS blockchain.

$3.8 Million in Crypto Seized

After receiving tips of suspected illegal activity involving the developers of the dApp called Biggame, the Jiangsu police department opened an investigation. Ultimately, this led to the arrest of 15 people.

During the raid, the authorities found and seized 1.3 million units of EOS and BTC. Converted in fiat currencies, this amount equals 26 million yuan or $3.8 million.

According to the report, this is the first criminal case the police solved in connection with illegal online gambling inside China.

The dApp’s structure allowed it to attract players to games such as Dice and Texas Hold’em. The customers placed their bets using EOS smart contracts.


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The Chinese officials reported that in the period between June 2018 and December 2020, the group behind the dApp allegedly gained profits from the operations with crypto assets worth 60 million yuan or about $10 million.

It’s not the first time Chinese police go after fraud related to blockchain-based applications and platforms. As reported last year, the authorities arrested 109 people connected with the cryptocurrency pyramid scheme PlusToken. The well-known Ponzi scheme has defrauded investors of more than $5.7 billion.

”Internet Cleansing Movement”

The biggest economy in Asia – China – appears to be one of the leading countries regarding cryptocurrency mining and distribution but has also had tons of experience with illicit activities coming within its borders.

The arrest in Jiangsu highlights the Chinese law enforcement’s goal to neutralize any illegal online activities – from gambling and telecommunication fraud to money laundering. The mission was referred to as ”Internet cleansing movement.”

Furthermore, the end of last year saw an increasing number of court rulings in this field. According to the officials, nearly 100 individuals have been convicted for laundering money via crypto deals that involved more than $30 million worth of the most widely utilized stablecoin – Tether (USDT).

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Source: https://cryptopotato.com/chinese-police-confiscated-3-8-million-in-crypto-after-arresting-eos-gambling-dapp-team/

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