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Why Did Vantage FX Win The Best Broker Award?

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Vantage FX

Vantage FX has won the Best Broker Award because of its superior offering to clients. This offering relates not just to its exceptional trading platforms, transparency, true ECN spreads, educational package, but also its excellent client service.

Platforms

By far the most popular Forex trading platform in the world is MetaTrader 4. Vantage FX offers its clients a range of platforms, including MetaTrader 4 and MetaTrader 5. However, they also realise and understand that MetaTrader might not be for everyone. Therefore, this retail broker also provides a range of alternative web or mobile platforms in order to provide flexibility and choice for its clients.

These platforms have been designed to a high specification and are particularly user-friendly. Furthermore, they are stable, making for a very positive trading experience. There is a platform for everyone regardless of whether you are new to trading or a seasoned professional. Time and time again Vantage FX clients rate the platforms, offered by this Australian Broker, first rate.

Transparency & Spreads

Vantage FXAs a trader, you want to be able to trust that your broker is providing you with fast, accurate pricing. Vantage FX is an ECN broker. ECN stands for Electronic Communications Network. This means that, through the use of advanced technology, you, the trader have direct access to other market participants. Put simply, you have direct access to Tier 1 liquidity providers, which are major banks. This eliminates price manipulation.

Furthermore, ECN technology means that you get the tightest spreads possible when you trade. That is to say that you get the smallest difference between the bid and ask price. Tight spreads mean low trading costs. These tight spreads are possible because the ECN pulls bid / ask prices from several liquidity providers, making it possible to provide tighter spreads than any single liquidity provider can on their own.

Educational Package

If you are new to trading, you could take advantage of Vantage FX’s internationally renowned educational package. This package, which is free of charge for clients, covers the essentials for beginners to understand and learn to trade; but also provides education for more advanced traders, who wish to develop and hone their skills.

Support

The friendly and informative client services team are on hand 24 hours a day Monday to Friday to help with any account or trading queries and questions. The client services team can be contacted via phone, email or via live chat. They have a wealth of knowledge, which they are ready to share in a friendly, professional manner.

These are just to name but a few of the reasons why so many voted for Vantage FX to win the Best Broker Award. Why don’t you judge for yourself?

Visit their website at www.vantagefx.com and apply for an account online.

 

*This is a sponsored post. Readers should do their own due diligence before taking any actions related to the promoted company, product or service. Bitcoin Africa Ltd. is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in the sponsored post.*

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How to Deposit Money Into Your Betway Account

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betway
Images by Betway

Betway is one of the leading sports betting sites in the world. The world of sports gambling has been growing for the past years. Betway has designed various methods that ensure that the whole market is satisfied.  So, wondering how to get started and how to deposit money into your Betway account?

The Top Methods to Deposit Money to Your Betway Account

BetwayRegardless of what country you are in, Betway has provided numerous options which you can deposit money. Here is a look at some of them, be sure to let us know which one is your favourite.

1. Debit or credit card

The use of Debit cards is very popular and convenient method to deposit funds into your Betway account. You can  opt to use either:

  • MasterCard
  • Visa
  • Electron.

How to deposit money using your debit card:

  • Click on the Betway banking option.
  • Select the option deposit funds via debit card.
  • Enter your personal details.
  • Enter the amount you would like to deposit.
  • Click Confirm.

Benefits:

  • Gives you instant access to your funds.
  • The Betway deposit charges will be added to your account.

On the other hand, you may decide to use a credit card. You can fund your credit card either through

  • MasterCard
  • Visa

How to deposit funds using your credit card:

  • Click the deposit button.
  • Select the credit card button.
  • Enter your credit card details.
  • Enter the amount you would like to deposit.

Advantages

  • You can access your funds instantly.
  • No fees will be charged on the credit card.

2. Neteller

Everything is done on the internet these days. Thus it is not a surprise when one has an e-wallet with them. Neteller is one of the go-to e-wallet options.

How to deposit funds using Neteller:

  • Select Neteller from the list of deposit options.
  • Enter your 12 digit Neteller account number.
  • Enter your 6 digit Neteller security number.
  • Enter your Betway password.
  • Select the amount you would like to deposit.
  • Click Confirm.

Benefits:

  • Funds are available instantly.
  • There are no fee charges while depositing.

3. Skrill

Skrill is also a wallet option. You can deposit funds directly from your  Skrill account to either your credit card, debit card or bank account.

How to deposit funds using Skrill:

  • Select the Skrill option.
  • Enter the amount you would like to deposit.
  • Enter you Betway password.
  • Your browser will direct you to your Skrill’s account.
  • Enter you Skrill’s account details.
  • Confirm your Betway deposits.

Benefits:

  • You have instant access to funds.
  • There is no fee charged once you deposit the funds.

4. PayPal

PayPal is one of the most popular wallets in the world. When it comes to using it you have options to deposit funds either to your credit card, debit card or bank account.

How to deposit funds using Paypal:

  • Click the deposit option and select Betway Paypal.
  • Enter the amount you would like to deposit.
  • Enter your Betway password.
  • Your browser will direct you to PayPal.
  • Enter your PayPal account details.
  • Click to confirm the amount to be deposited to your Betway account.

Benefits:

  • Instant access to funds.
  • No fees are charged when you deposit.
Disclaimer: This is a sponsored post. Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this sponsored post.

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Will Bitcoin Remain a Dominant Cryptocurrency?

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Bitcoin Remain dominant

A Forecast for the Next Decade of Crypto

Cryptocurrency is young. Thursday — October 31, 2018 — will mark its first anniversary, 10 years since Satoshi Nakamoto’s fateful email. It wasn’t until January 2009 that the first Bitcoin block had been mined, and March 2010 that Bitcoin was first assigned a monetary value. Simple math shows that the anniversaries of those dates are still in the future.

Yet it’s time to think about what this future will be like. Bitcoin has dominated the whole industry since its birth, dictating the trends on the market. However, now Ripple, Bitcoin Cash, and Ethereum are challenging the king. It’s too early to say, but we might be heading towards a more competitive cryptocurrency market.

In this article we will:

  • Explain why Bitcoin was a dominant force on the market;
  • Review the significant alternative cryptocurrencies and their impact;
  • Predict the next 10 years of crypto, based on the current data.

Why Bitcoin Holds The Market Hostage

Satoshi Nakamoto was not the first to propose the idea of a privacy-focused value transaction system. He was standing on the shoulders of David Chaum, Douglas Jackson and Barry Dowey, Adam Back, as well as many other cypherpunk idealists.

And yet, the general public remembers only Nakamoto and Bitcoin. The absolute majority of the newcomers to crypto purchases Bitcoin and ignores the other currencies. This only increases the importance and influence of Bitcoin and leads more investors towards it.

According to CoinMarketCap, right now Bitcoin is claiming mind-boggling 52% of the total market capitalisation. Ethereum, which led to an ICO craze of late 2017, has less than 10%. Ripple has less than 9%. And it’s not a good thing. Compare these three charts:

Bitcoin Chart

A Bitcoin capitalisation-over-time chart. Note the shape of the graph starting from 2017.

Market Cap

A cryptocurrency market capitalisation-over-time chart. Note the similar shape of the graph.

Market Cap Chart

A capitalisation-over-time chart with Bitcoin removed. The shape of the graph is exactly the same.

The first two charts should be similar — after all, Bitcoin dominates the market. However, the last chart proves that Bitcoin has a significant influence on the value of the other currencies too. This situation is not healthy for the economy and makes the altcoins hostages to the Bitcoin.

Imagine if Apple had that much clout on the stock market. Imagine that everyone’s stock would rise and fall in value according to Apple’s decisions, news, and press releases. This situation would crush the businesses worldwide — but it will never happen. Apple’s leadership is constantly challenged by other companies like Amazon, Microsoft, and Alphabet. In fact, Amazon might take over the next quarter, if the reports are accurate.

And yet, nothing even remotely similar ever happened on the cryptocurrency market. Which begs a question — will the next 10 years of cryptocurrency be equally dominated by Bitcoin?

What Can Challenge Bitcoin?

Bitcoin has 2070 competitors. However, even combined, they do not represent a proper competition. Take a look at the combined capitalisation-over-time chart:

Market Cap

However, the situation is slowly getting better. While back in 2013 Bitcoin controlled almost 90% of the market, it is “only” 52% right now. Moreover, some of the currencies begin to ignore the trends set by Bitcoin, becoming more and more independent. Let’s review three of those currencies in more detail.

Ethereum (ETH)

Ethereum, released in 2015, was the first altcoin to register in the public mind. Just like Bitcoin, it wasn’t the first overall — LiteCoin has been around since 2011. However, Ethereum offered something unique — smart contracts for everyone with minimal effort.

What followed was an ICO craze that propelled Ethereum far beyond the initial expectations. You can see the exact moment this happened on the chart above. It’s marked as Jul ‘17 and represents the only moment when Bitcoin’s dominance was threatened.

Unfortunately for the ETH holders, the ICO bubble burst in late 2017. Right now Ethereum is barely trucking on, continually losing the market volume and capitalisation. However, Vitalik Buterin, the founder of the Ether project, thinks that a comeback is more than possible.

Ripple (XRP)

Ripple is not a cryptocurrency in the narrow sense of the word. It is centralized and not really that transparent. However, it is still a private and a secure digital payment network that is based on a blockchain, so most cryptocurrency enthusiasts let it slide. Mainly since it now controls almost 9% of the market capitalization.

The best feature of Ripple is its ease of use. Due to a highly efficient system, Ripple allows for fast transactions with a standard fee of 0.00001 XRP. As a reference, Bitcoin’s standard fee on October 29 was 1356 Satoshi or 0.19050295 XRP.

Such accessibility led to the creation of multiple gateways — official or semi-official exchange points between Ripple and other currencies, both fiat and crypto. Right now, Ripple is not only a transaction network, but also a favourite medium for transactions made in different currencies.

XRP took a couple of hits along the way due to controversial management decisions and the lack of trust from the cryptocurrency community. However, right now it is feeling better than ever and is, for the first time, ready to challenge Ethereum.

Bitcoin Cash (BCH)

Bitcoin Cash came to be due to a schism between Bitcoin Core developers. One group wanted to increase the size of a block in the chain. Others insisted that the issues with the transaction cost should be solved with less intrusive methods. In 2017, the “rogue” developers split and created a new currency — identical to Bitcoin, but with larger block size.

Despite controlling almost 5% of the cryptocurrency market capitalisation, Bitcoin Cash does not have great prospects. In 2018 the mainline Bitcoin introduced a Lightning Network, which is a different, yet a more conventional solution to the transaction cost issues. Since then, BCH is a just another altcoin, although a particularly popular one.

What Will The Next Decade of Crypto Look Like

The world of cryptocurrency changes daily, so making any kind of a forecast is impossible. However, some recent trends promise a better, more healthy tomorrow.

We reached out to Igor Afa, a financial analyst at Forex broker JustForex, and asked to share his vision of the next cryptocurrency decade. Here are his points:

  • Bitcoin will remain a dominant currency, yet it will lose some market value to its competitors.
  • Ripple and Ethereum will grow and start challenging Bitcoin’s dominance. Neither will come as close as Ethereum in June 2017.
  • Bitcoin Cash will not advance from its positions, but likely won’t fade away either. A large number of users acquired during the split will keep it afloat.
  • Should Tether, Petro and other stablecoins succeed, they will take over a niche market segment.

Of course, this doesn’t take into account things that are impossible to predict. For example, cryptocurrencies might be banned. Or Vitalik Buterin will take that job at Google and run Ethereum into the ground. Or maybe an entirely new cryptocurrency will appear, with a completely unique offering, and take over the market.

Overall, the market will become a little healthier. It still won’t be anywhere near normal, but at the very least we won’t have a whole market living and dying on a single entity. Which, all things considered, is already a huge win.

Disclaimer: Readers should do their own due diligence before taking any actions related to any company, product or service mentioned in this article. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this sponsored post.

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JustForex – the Best Cryptocurrency Broker for New Traders

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JustForex

Cryptocurrency is not a viable alternative to cash. There definitely was an attempt, but for the most part, it’s not there yet. On the other hand, it did create a volatile market that is ripe for the taking. With no regulations or oversight, cryptocurrency is pretty much trading heaven.

JustForex Price Chart

Image by CoinDesk

Reasons to Trade Cryptocurrency With a Broker

While cryptocurrency is free and knows no borders, it’s really hard to get into. Unless you are a citizen of the USA and have access to Coinbase, you will have to find an indirect way to buy and sell crypto. And that’s a death sentence on the market where the speed of execution is crucial.

Coinbase

Image by Coinbase

However, you’ll find that the major cryptocurrency exchanges are not quite friendly towards the traders. They do not provide many of the features you are used to with Forex — delayed orders, TakeProfit and StopLoss modifiers. Trading on such exchanges is definitely possible, but there is a better way — cryptocurrency brokers.

With brokers, cryptocurrency trading is very straightforward. Just like with Forex, brokers handle all the processing issues — for a small commission. And while you don’t get to keep the actual cryptocurrency, you get to keep the profits made with it. And that’s all the majority of cryptocurrency owners want anyway.

Benefits of Trading Cryptocurrency with JustForex

You may know JustForex as a Forex broker — after all, it’s in the name. However, we are also very passionate about cryptocurrency trading. And here’s what makes JustForex the best cryptocurrency broker.

  • No Minimal Deposits. It’s not easy to risk hundreds of dollars on a new endeavour. And with JustForex, you don’t have to. You can start trading with whatever money you can spare — even if it’s just 1 USD.
  • 1:3 Leverage. Leverage is a very useful tool for the Forex brokers, and now we are bringing it to the cryptocurrency market. With JustForex leverage, you can easily open a deal with cryptos and then triple the rewards from your strategy.
  • Spreads from 0 pips. Cryptocurrency market is young, but we wish for it to expand and become more popular. That’s why, for now, we offer ultra-tight spreads on all cryptocurrency accounts.
  • 39 trading instruments. Forget about 4 major currency pairs on Forex — the cryptocurrency market offers more options and strategies for dedicated traders.

Conclusion

JustForexCryptocurrency trading is still in its infancy but it has a lot of prospects. With more and more brokers and traders discovering the market, it might rival the actual Forex. But even as it is, the cryptocurrency market is viable, interesting and ripe for the taking.

With JustForex, trading cryptocurrency is just as easy as trading on Forex. If you want to take a shot at crypto — sign up right now.

Disclaimer: Readers should do their own due diligence before taking any actions related to the company, product or service. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product or service mentioned in this sponsored post.

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