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Bitzlato: One of the Most Convenient and Reliable P2P Crypto Exchangers in the World Launches in Kenya

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It is no longer a secret that Africa accounts for a huge amount of share of the p2p crypto trading market. This norm is now creating avenues for different players to penetrate the market. 

Hong-Kong-based p2p Crypto trading platform Bitzlato has launched in Africa with Kenya being its first market. The company was built in 2015 by a group of crypto enthusiasts who wanted to create a simpler and more convenient way to buy and sell cryptocurrency.

In 2015, the engineers created a Telegram bot for P2P crypto trading which attracted lots of users while the web version was created in 2018.  The P2P platform is now a leader in the ruble cryptocurrency exchange market. 

Bitzlato unites several products with an audience that has exceeded 2 Million users. The daily turner of the peer-to-peer platform is over $1,500,000 with approximately 9k transactions per day. 

The main feature of the Bitzlato cryptocurrency exchange resource is the P2P opportunity. Peer-to-peer is a decentralized network which works on a person to person principles. In the case of the platform, P2P means that the exchange occurs between two individuals registered on the platform. 

Bitzlato provides traders with a convenient way to buy and sell bitcoin using either their web version or Telegram Bot version. 

What are the Advantages of Using the Trading Platform?

The platform protects users. The seller’s deposit is blocked for the duration of the exchange on an escrow and if there is a dispute between the seller and buyer then the support service will check and review the transaction and send the coins to the party that has honestly fulfilled all the conditions. 

If the seller does not complete the transaction, arbitration helps the buyer get the cryptocurrency.

Lack of mandatory user verification

A trader does not need to pass verification on the platform in order to trade. Users are however advised to verify their accounts in order to be trustworthy from the perspective of the clients. 

0% fees for trading

Bitzlato charges one of the lowest fees in the market. 0% if you respond to another user’s advert and 0.5% if somebody responds to you add. 

Affiliate Program

As a trader, you will receive up to 100% of the commissions that are paid by your affiliates. You receive a reward every time the person you invited makes transactions in the service/platform. The reward for affiliate program is 0.04% from the trade that your affiliate who has created an add and 0.16% if your affiliate has responded to an ad. For example: if your subscriber made a deal worth 5 BTC, you will get 0.008BTC dividends. 

Besides that, Bitzlato runs promotions during which your reward may be doubled. Bitzlato also offers special conditions to traders on new markets who are willing to cooperate that allow them to get 100% of charged fees from their affiliates. 

Weekly & Weekend Promotions

The platform runs promotions for its users on Wednesday where any user that completes any transaction are given a voucher for free withdrawal. 

During the weekends, traders are offered to trade with no fees on Saturdays and Sundays if you start a deal through web version.  

The two interfaces

Bitzlato allows its users to choose between Telegram bot and web-version to buy and sell coins. Users also have the chance to merge two interfaces which can be completed within few minutes.

If you as a trader want fast alternative, then Telegram Bot will meet your needs. 

The process is simple; as a user you simply launch TG bot. Make sure that username of the bot is @BTC_CHANGE_BOT. Sometimes scammers write this in the description of the profile so it can lead to misunderstanding. ALWAYS MAKE SURE THAT THE USERNAME IS WRITTEN AS FOLLOWS -@BTC_CHANGE_BOT.  

Step 1: We will consider the buying and selling of Bitcoin using Mpesa on the service. Go to the BTC banker bot and then click menu “Exchange BTC/KES.”

Step 2: In the message received, Select “My adverts”. The following message will show up

Step 3: Assuming you want to buy BTC, you will simply click on “You want to buy BTC”. A dialog will appear where you will quickly choose “Electronic Payments” and then this menu will appear.

Since you are in Kenya and you are seeking to buy BTC, you can then choose Mpesa as a method of payment. 

Step 4: The next step is to simply choose the rate at which you would want to buy the BTC with i.e. 0%, 0.5% 4%,6% etc. You will then write a min. and a max limit in KES on the bot.

Step 5: To see the ad, you have created Click “Exchange BTC/KES” and you will see your advert and to make it active click “start trading” and your advert will be running. 

If there are active traders on the service selling BTC, you will quickly get an offer from an of them who is interested.

This same process can be repeated and used when selling BTC using the Telegram Bot version. 

After the funds are credited or sent to your Mobile Money wallet (Mpesa). You can the release the coins by clicking “Release coins to the buyer” and then confirming your decision in response to the Bots question.

WEB VERSION

Creating and Viewing Ads

The web-version of the platform has a more precise design. The following a simple way that you can use to create ads to either buy or sell btc from the marketplace.  

Step 1: Simply click on “Creating Advert” to buy or sell bitcoin. This is what will appear on the interface whether you are using your phone or PC to access the web version.

This is how to Create Advert: –

  1. Click Advert Type and choose either “selling” or “purchasing”.
  2. You then choose the currency you want i.e. BTC, ETH etc.
  3. You then choose the currency in Kenya-KES
  4. Click on the Payment Method and choose “Mpesa.”
  5. You then move to set a floating rate or a specific rate.
  6. Then set a minimal currency amount & Maximal currency rate and the lastly create and Ad. 

Remember that you can also merge the two version: the web version & the Telegram version. But make sure that you follow all the instructions and NEVER pass given code for merging the accounts to third parties even if “support team” asks you to do so.

The management team believes that its entrance into the African market will give cryptocurrency traders a chance to not only trade but also facilitating borderless remittances to wallet-holders to send money anywhere in the world

Bitzlato is keen in expanding to new markets in Africa while also looking for partnerships with traders in Africa who will make Bitzlato their market place. Trades can reach out to the Community Manager in Kenya through t.me/Reggie_Bitzlato on Telegram.

Disclaimer: This post is a paid press release. Readers should do their due diligence before taking any actions related to the promoted company or its affiliates or services.

Source: https://blocknewsafrica.com/bitzlato-one-of-the-most-convenient-and-reliable-p2p-crypto-exchangers-in-the-world-launches-in-kenya/

Blockchain

How Does the Future Look for Cryptocurrencies in the Financial Market?

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The trading share of cryptocurrencies in the financial markets is getting bigger by the day, as professional and occasional investors redirect their funds from traditional assets to crypto coins. Billions of dollars, euros, pounds, and of other fiat currencies are used by traders, for the opening of new crypto trading positions, increasing crypto coin values, reputation, and market share. This is also one of the reasons, why new cryptocurrencies are regularly being launched. However, the supply of investment funds is not without limit, and on many occasions, it feels like a number of these new crypto coins are doomed for failure.

Today, cryptocurrency development stretches beyond its original creational limits, as even regulated institutions are investing in the creation of digital coins. These coins are generated to achieve collective wallet digitalization and consequently to gradually eliminate the need for cash. This, of course, is not something for which traders and investors care about, as their primary concern is how these assets will perform in the financial market. That being said, if a crypto asset is trusted and respected in the real world, then this will reflect on its performance in the world of finance. The problem is that for a cryptocurrency to earn the respect of the real economy, it will need to have enough time to mature.

 

Crypto Trading and Investment Challenges

Trading cryptocurrencies is not an easy task. There is a lot of research required, and there is a lot of work that needs to be done before opening a trading position. Experienced traders know that it is not something as fun and as easy as taking a spin on penny roulette, but those with less experience in crypto trading can end up facing heavy losses, just because they have not invested enough time to prepare for the worst-case scenario. Even though we have not seen any signs of a new cryptocurrency bubble burst for a long time, it does not mean that the threat is not there. This applies both to new cryptocurrencies as well as to those which the market categorizes as established.

Where Do We Go from There?

With a higher demand for digital monetary alternatives, it is only natural that countries, unions of nations, and Central Banks are looking towards finally regulating the crypto market. The regulation of such assets will set new standards for commerce and revolutionize the flow of money. It will, however, limit the profit potential of crypto coins, as it will no longer be possible for a cryptocurrency – whether it is new or old – to go from being worth peanuts to being worth as much as gold in a matter of hours.

👉Not being able to become rich overnight is bad news for those who dream of becoming wealthy through cryptocurrency trading, but it also comes with benefits. A regulated cryptocurrency market will discourage “dodgy trader” activity and reduce the risk of seeing toxicity forming in the crypto market. This will allow for the growth of crypto assets in a positively-charged environment, which will give them the time and stability they need to get to the same level of trust as that of traditional trading assets.

 

Source: Plato

 

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Blockchain

How Blockchain Can Help Your Business Grow

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Ever since the introduction of Bitcoin in 2009, the world has changed the way it views fiat currencies and digital security. People were excited that they could finally transfer digital currency anywhere in the world without exaggerated banking fees or long hours.

The technology, however, proved so versatile that it has found its way into other uses as well. In 2020, there are so many businesses that use blockchain that we simply don’t have the time to enumerate them all in a single short article. But we will do our best to give you examples of ways the blockchain could potentially help you.

 

More Security

Hackers rarely sleep. That’s one statement that Sony forgot back in 2011. While it is unclear whether they now use the blockchain or not, many other companies have started implementing it with great results.

The encryption technology that the blockchain employs requires transactions and other processes to go through multiple nodes connected to the blockchain to get approval. This way, if a hacker attempts to do something malicious, the multiple nodes will eventually realize that fraud’s at stake and stop the transaction in its tracks.

More Payment Methods

People often think that the blockchain is meant solely for cryptocurrencies. That’s not true, at least not anymore. Banks all over the world have started implementing this tech to ease transaction times and lower processing fees.

Moreover, businesses that implement blockchain can use this technology to offer their customers multiple payment methods with seemingly endless currency options. One non-banking company that has proved the efficiency of this method is BetConstruct, offering more than 400 payment methods.

 

 

AI Integration

Through the blockchain, you can set up a reliable network of chatbots that can help out your customers.

With the help of the blockchain, these AI bots can easily communicate with one another and learn from each other based on what users respond, how they rate their satisfaction with the chat, and how customer support agents respond to users once the chatbot sends them their way.

 

Hire Better Employees

Small companies often don’t have the time or necessary resources to double-check the information in a CV. But with the help of the blockchain, you won’t need any of that.

Even today, there are still a lot of people seeking a job who ungracefully lie in their resumes. The blockchain can process all the data in a resume and send you the verified information to see if it’s legitimate.

Not only does this save you time, but it also means you’ll have hired the right person for your future projects. And we all know what having the right person can mean if you want your company to be successful.

 

Improve Your Marketing Campaigns

You’re probably aware of the usual marketing techniques like social media, video ads, billboards, SEO, SEM, and more. Look, you won’t need the blockchain to implement those tactics.

However, Blockchain can be used by marketers to keep track of client information and consumer behavior. With this data, skilled marketers can craft clever campaigns that bring greater ROI. You can also use the blockchain to track any changes made to your campaigns. If only David Ogilvy has had this tech at his disposal, who knows what he would’ve been able to craft.

 

👉🔥The Bottom Line

The blockchain has revolutionized businesses all around the globe the same way it has revolutionized the way people view money.

Implementing this technology for your business will net you tons of long-term benefits for an otherwise small investment considering all the things you’ll be getting.

Source: Plato

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Blockchain

Charted: Ripple (XRP) Technicals Suggest a Crucial Breakdown Below $0.24

Ripple started a steady decline and traded below the $0.2500 support against the US Dollar. XRP price is showing bearish signs and it might slide further below $0.2375. Ripple failed to stay above the $0.2500 support and extended its decline against the US dollar. The price is now trading below the $0.2450 support and the […]

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Ripple started a steady decline and traded below the $0.2500 support against the US Dollar. XRP price is showing bearish signs and it might slide further below $0.2375.

  • Ripple failed to stay above the $0.2500 support and extended its decline against the US dollar.
  • The price is now trading below the $0.2450 support and the 100 hourly simple moving average.
  • There was a break below a key contracting triangle with support at $0.2415 on the hourly chart of the XRP/USD pair (data source from Kraken).
  • The pair is likely to continue lower towards the $0.2350 support or even $0.2320.

Ripple Price Turns Red

This past week, we saw a sharp rejection in ripple near the $0.2600 area. XRP price topped near the $0.2595-$0.2600 resistance zone and started a fresh decline. It broke many important supports near $0.2500 to move into a bearish zone.

The decline was such that the price settled below the $0.2450 level and the 100 hourly simple moving average. It spiked below the $0.2400 support and traded as low as $0.2379. Recently, there was a short-term upside correction above the $0.2420 level.

Ripple recovered above the 23.6% Fib retracement level of the main decline from the $0.2503 high to $0.2379 low. However, the bulls failed to clear the $0.2450 resistance and the 100 hourly simple moving average.

Ripple Price

Source: XRPUSD on TradingView.com

It was also rejected near the 50% Fib retracement level of the main decline from the $0.2503 high to $0.2379 low. As a result, there was a fresh decline below the $0.2420 level. There was also a break below a key contracting triangle with support at $0.2415 on the hourly chart of the XRP/USD pair.

The pair is now showing bearish signs and approaching the $0.2400 level. The next support is near the $0.2380 and $0.2375 levels. A clear break below the recent low could lead the price towards $0.2350 or even $0.2320 in the near term.

Chances of an Upside Break in XRP?

An initial resistance for ripple is near the $0.2420 level. The first key resistance is near the $0.2425 level and the 100 hourly simple moving average.

A successful break above the 100 hourly SMA and then a follow up move above the $0.2450 resistance might open the doors for a fresh increase in the near term. The next major resistance is near the $0.2500 level.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is currently well below the 50 level.

Major Support Levels – $0.2400, $0.2380 and $0.2350.

Major Resistance Levels – $0.2420, $0.2450 and $0.2500.

Source: https://www.newsbtc.com/analysis/xrp/ripple-xrp-crucial-breakdown-below-024/

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