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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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A Safer and More Secure Alternative to Paxful to Buy Bitcoin In Nigeria CoinCola

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CoinCola

Bitcoin trading has become a phenomenon in the financial landscape since the creation of the cryptocurrency in 2008. Due to the potentials of Bitcoin as a currency and an investment, the cryptocurrency has gained popularity in Nigeria.

However, due to the problems that the country has faced in the past regarding cybercrime, it is difficult to get Bitcoin directly from local currency on most central crypto exchanges. This has given rise to decentralised exchanges where buyers and sellers meet to transact in Bitcoins and other digital assets.

Paxful is the most popular platform for Nigerians

The most popularly used platform for purchasing cryptocurrency is Paxful. The platform which was launched in 2015 provides an environment for buyers and sellers to interact and make transactions.

Paxful

Paxful has Become a Haven for Scams

Although Paxful provides a simple and easy platform for trading, it has gained a tainted reputation in the past few years. 

One major problem that Paxful has suffered in recent years is the accusations of scam by users on the platform. Paxful does not do much on its security as the platform has become overrun with scammers.

Paxful forum is filled with several comments from users about how funds have been missing from users wallets with no reason offered by Paxful. There have been accusations of buyers using chargeback scams whereby transactions would be made via PayPal.

When the Bitcoin or Gift card purchase is made, the buyer will open a dispute on PayPal reversing the transaction, thereby robbing the seller of his money and also stealing the digital asset on offer. These problems keep up mounting, but Nigerians have continued to transact on the platform due to lack of a viable alternative.

However, this is set to end with the arrival of Hong Kong-based Bitcoin trading platform CoinCola. The reputable exchange platform has rolled out its services to Nigerians as it looks to take a major share of the market.

CoinCola

How Does CoinCola Compare with Paxful?

CoinCola implements similar features with Paxful as it is an OTC (Over the Counter) exchange that allows buyers to sellers. Sellers can also exchange digital assets such as gift cards for Bitcoins and vice versa. Users can also buy Bitcoins from other sellers on the platform.

This looks similar to Paxful, but where CoinCola stands out is in terms of security. The HongKong bases platform takes the security of users seriously and is considered as one of the safest OTC exchange platforms.

There are little to no cases of scams on the platform with several positive reviews about CoinCola regarding its services.

CoinCola Uses Real Name System to Prevent Scams

CoinCola utilises a unique Real Name System for traders to avoid scams; with this system, the trader would have to fill his/her entire information to be able to receive payments.

This way, it becomes difficult for a seller to scam a buyer because if a dispute is filed, the seller would be unable to access funds.

CoinCola

Coincola Has An Excellent Customer Support System

CoinCola has a responsive customer support system which provides quick solutions in the cases of disputes. Some randy sellers have also been removed from the platform due to the proactive intervention from customer support.

CoinCola Escrow Prevents Chargeback Scams

Also, CoinCola escrow system is designed in a way that buyers are unable to use chargeback scams on sellers. This is because the funds deposited via escrow cannot be returned to the buyer unless there is a case of a dispute.

Conclusion

CoinCola a perfect alternative to Paxful for Nigerians. With this platform, you can buy bitcoin safely in Nigeria without worrying about scams. 

BONUS: Buy Bitcoin in Nigeria and Get 0.0001 Bitcoin Bonus Instantly!

CoinCola Bonus

Disclaimer: This is a paid sponsored post. 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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Digital Asset Evolution – the Long Hard Road to Stablecoins

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Digital Asset Evolution

You may often hear about cryptocurrency rates rise and fall, changing rates sharply within a single day. Lack of reliability and trust are the main reasons why digital assets have not yet come to worldwide adoption. Stablecoins has been developed to change this situation.

Obviously, cryptocurrencies had been invented and designed to ensure fairness, transparency, and decentralisation, to protect users from unfair regulation and interference by financial institutions, which makes financial transactions costly and burdensome.

That’s why the idea and forthcoming decision of creating special digital assets, that would be free of the burden of price fluctuations, being tied to more reliable assets have long been in the air.

The Key to Stability?

Stablecoin volatility is much lower than other cryptocurrencies since their price is directly dependent on the rate of the real asset. This creates new opportunities in the development of the cryptocurrency industry and digital assets.

Moreover, stablecoin has a real chance to be used as a global currency that can’t be influenced by the government or the banking system’ actions.

An ideal stablecoin must withstand significant market volatility, should not be extremely costly to support, have decent scalability, support privacy, and decentralisation, and be transparent for trading and arbitrage transactions. Such features can ensure maximum acceptance of stablecoin in the real world.

How Do Stablecoins Work?

1xBitThe stablecoins role in the market is just almost the same as in fiat currencies case. They can serve as a means of exchange, calculation or storage of capital. Their value is tied to traditional assets in a 1:1 ratio.

ST’s are divided into 3 main groups according to the method of rate stabilising. It can be:

  • Fiat-collateralised (pegged to fiat currency);
  • Crypto-collateralised (pegged to crypto);
  • Non-collateralised (the stablecoin rely on an algorithm generated mechanically which can change the supply volume if needs be so as to maintain the stablecoin’s price which is pegged to an asset).

However, what cons and pros define the stablecoin and it’s worldwide hot topics?

Stablecoin Benefits

  • Always stable

The main and known advantage of stablecoins is what it looks like from the asset group name – stability. The rate fluctuations of such coins are not significant.

For example, Tether or USDT rate during last years ranged only between $0.92 and $1.05. Occasional drops were associated with strong crypto market fluctuations.

  • Rate dependence

When using the stablecoins, a user can be sure that the goods purchased or sold to them for cryptocurrency will not radically change in price due to the rate volatility, which may well occur during operations with conventional cryptocurrency.

  • Low volatility

Stablecoin is several orders of magnitude lower than that of other cryptocurrencies since their price directly depends on the rate of the real asset. This turns their tokens into a means of payment that can be used to make payments in everyday life. Besides, their reliability is an additional incentive to spend them, and not keep them in the piggy bank.

Stablecoin Disadvantages

  • Dependence on digital assets

In some cases, stablecoin can be tied to other crypto assets. This may create severe issues due to the fact that all other digital assets can be volatile, thus – not reliable for different purposes.

  • Third party presence

Truth is, the very essence of stablecoin does not correspond to the philosophy of cryptocurrency, which lies in full anonymity and decentralisation since it depends on the traditional financial institutions of countries whose currencies are secured.

There are some more minor cons present, but the numerous advantages greatly outweigh it.

Stablecoin Projects Nowadays

BitcoinDuring the years passed since the first stablecoin was accepted by the cryptocurrency market, many similar assets appeared. At the moment, there had been many projects, aimed to create perfect stablecoin. The most popular nowadays are Tether (USDT), which holds 9th place in market cap with $3 billion, USD Coin (USDC), TrueUSD (TUSD), Paxos Standard Token (PAX), Gemini Dollar (GUSD), DAI MakerDao (DAI), STASIS EURS (EURS), Digix Gold (DGX) and others.

Stablecoin acceptance is growing steadily and in different fields – money transfers, means of payments for goods & services – that also goes for platforms, which provide sport betting services. One of such platforms, known for its reliability and convenience – is 1xBit.

The popular service provides many features: professional and quick client feedback, double checking of winnings and bets using 20 crypto assets. Now platform also supports most popular stablecoins –  Tether, USD Coin, True USD, and PAXOS Standard Token, which have been carefully chosen by 1xBit to be utilised on the gambling platform for users convenience and overall reliability.

Betting with stablecoins, one can play and be sure that his prize will not go down in rate over time.

Disclaimer: This is a paid sponsored post. 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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A Secure Cryptocurrency Wallet for Your Smartphone

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Totalcoin wallet

TotalcoinTotalcoin is a secure cryptocurrency wallet, that combines features of a Bitcoin exchange and a Bitcoin wallet, which makes it an extremely useful app for digital currency users. This app allows people from Africa to safely store and transfer their cryptocurrency, buy and sell Bitcoin for cash using multiple payment methods as well.

Key Features of the App:

  • Wallet — Deposit and withdraw various cryptocurrencies. Totalcoin charges no fees for cryptocurrency transactions. All you have to pay is a blockchain fee, that is calculated automatically and depends on the current congestion of the Bitcoin blockchain.
  • Trade — Buy BTC with cash and gift cards or sell Bitcoin. Totalcoin charges a 1% fee for any transaction.
  • Exchange — Exchange Bitcoin for various popular cryptocurrencies and vice versa. Totalcoin charges a 1% fee for any transaction.
  • Cryptocurrency charts, technical analysis tools;
  • Instant transactions between Totalcoin wallets;
  • Detailed transaction history;
  • USDC and USDT stablecoins, that can protect you from Bitcoin price drops;
  • Support for Nigerian naira and other African currencies.
  • Integrated customer support service.

Which cryptocurrencies does Totalcoin support?

As of May 2019, Totalcoin supports the following cryptocurrencies:

  • Bitcoin
  • Ethereum
  • Ripple
  • Bitcoin Cash ABC
  • Litecoin
  • Tether
  • USD Coin
  • And many other popular cryptocurrencies.

The list is regularly updated with new cryptocurrencies in line with demand from users. Developers plan to add support for ERC-20 tokens, which would make Totalcoin a way much popular and useful app.

Buy and sell Bitcoin on Totalcoin:

You can buy and sell Bitcoin using various popular partner payment methods:

  • Zenith Bank, First Bank of Nigeria, Access Bank and other popular African banks;
  • iTunes, Google, and Amazon gift cards;
  • Western Union.
  • Moneygram;
  • Other methods;

How to buy BTC on Totalcoin:

  1. Go to the «Trade» section and find available offers.
  2. Choose an ad. By tapping an ad you can find all necessary information, such as user rating and terms of the deal.
  3. Send money using payment details provided to you by the seller. If the deal is through gift cards, you must send the claim code of your card or a picture of it.
  4. Confirm your payment by tapping the button. If your payment is valid, you will receive Bitcoin to your Totalcoin wallet.

totalcoinEvery deal has a chat, where parties can discuss any problems and questions. You can open a dispute if you did not receive Bitcoin or money. Totalcoin moderators solve disputes in a fair manner.

To summarise, Totalcoin is a valuable mobile app for cryptocurrency users. This app is useful for newish digital currency users and for experienced traders. Totalcoin is a versatile app, that combines features of a cryptocurrency trading platform, Bitcoin exchange, and a multi-currency wallet.

You can download the app on Google Play and App Store or visit the official Totalcoin website.

Disclaimer: This is a paid sponsored post. 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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