Connect with us

Cryptocurrencies

5 of the Best Crypto Swapping Services

Published

on

Creating an exchange account, signing in and placing an order every time you want to switch cryptos is like using a sledgehammer to crack a walnut. It’s an incredibly inefficient way to jump between cryptos, and given that no exchange has all the coins, it necessitates creating multiple accounts, with the added verification and security risks this entails. Crypto-swapping platforms promise to do the hard work for you, plugging into exchange APIs and exchanging coins on your behalf.

Swapy

Swapy claims to offer the best exchange rate possible without the need to manually place buy/sell orders. It manages this by combining over 10 exchanges to give users more low-cap and low liquidity tokens at spot price. Currently, you can swap BTC, ETH and USDT into over 70 different tokens, from XEM and REM to BCH and DASH. All of the exchange flows to your wallet can be tracked on-screen.

5 of the Best Crypto Swapping Services

What’s nifty about Swapy is that it charges a fee only on the amount users will save relative to competitor services. In other words, Swapy only gets a cut of what you save on a swap, doing away with a flat fee entirely. Holders of REM tokens can further increase their discount level by up to 90%. Account registration is necessary with Swapy, but only if you’re looking to claim the maximum available discount.

Changenow

Ch

angenow only entered the marketplace last year, but has captured a significant share of the market already. The fact that it enables purchases to be made with credit card is a useful feature that’s unusual to see with crypto-swapping services. The platform enforces AML/KYC: if a transaction is marked as suspicious, the exchange is paused and the customer is asked to confirm their identity. Changenow imposes no limits on exchanges and more than 170 coins can be converted, from BTC and ETH to BCH, LTC and more niche altcoins. All transactions take under 15 minutes to complete, and a fee of 0.5% is incorporated into the exchange rate you pay.

5 of the Best Crypto Swapping Services
Changenow

Changelly

Changelly is one of the best-known platforms, delivering a fixed-rate mechanism that protects against the risk of market fluctuations when tokens are being swapped. Changelly claims the stability is assured by integrating a small reserve inside the exchange rate when the final quote is given to the user. This month, the platform launched an iOS app as well as a second version of its Android app, making it even easier for users to convert coins on the go.

5 of the Best Crypto Swapping Services
Changelly

Changelly was founded in 2015 and supports over 150 cryptocurrencies, taking a 0.25% fee for all swaps. You’ll need an email address to use the service though, and Changelly reserves the right to apply AML/KYC to certain users, addresses and particular transactions, which may deter privacy absolutists. Like Changenow, Changelly enables credit card purchases of crypto thanks to a partnership with Simplex.

Shapeshift

Speaking of KYC, Shapeshift caught flak when it announced that it would adopt a fully verified model, disincentivizing the same users who raised an eyebrow to Changelly’s policy. Citing pressure from regulators, the non-custodial exchange admitted that the move provoked the departure of many valuable API partners – but nonetheless, it remains a viable service for some.

5 of the Best Crypto Swapping Services

Shapeshift offers a unique exchange rate for each coin that changes every 30 seconds according to market conditions, but its typical ‘miner’ fee is in the ballpark of 0.5%. Support is provided for 29 cryptocurrencies including BTC, BCH and DAI, and boasts one of the nicest interfaces on the market.

Flyp.me

“Simple, fast and private. No registration” is the strapline you see when alighting on flyp.me, and for users troubled by KYC, it’s music to the ears. With flyp.me, you can exchange over 30 cryptocurrencies instantly including BTC, DASH, LTC, and a bunch of other altcoins while retaining full privacy. You also retain at least a measure of control over the exchange rate: when you hit the ‘Flyp now’ button, the rate is locked in for the next few minutes. Flyp.me promises to leverage several trading platforms to secure the best exchange, analyzing the market depth and liquidity of the currency in question and taking a 0.5% cut while they’re at it.

Cryptocurrencies

EOS, Ethereum and Ripple’s XRP – Daily Tech Analysis – 24/01/20

Published

on

EOS

EOS slid by 2.01% on Thursday. Following on from a 0.13% decline on Wednesday, EOS ended the day at $3.5749.

It was a bearish start to the day. EOS slid from an early morning intraday high $3.6481 to an early afternoon intraday low $3.4948.

Steering clear of the major resistance levels, EOS fell through the first major support level at $3.5697.

EOS fell back through the first major support level at $3.5697 to $3.51 levels before late support kicked in.

At the time of writing, EOS was down by 3.59% to $3.4465. A bearish start to the day saw EOS fall from an early morning high $3.5740 to a low $3.4051.

EOS fell through the first major support level at $3.4971 and the second major support level at $3.4193 early on.

For the day ahead

EOS would need to break back through the first major support level and move through to $3.57 levels to support a run at the first major resistance level at $3.6504.

Support from the broader market would be needed for EOS to break back through to $3.50 levels.

Barring a broad-based crypto rebound, however, EOS would likely fall well short of $3.60 levels on the day.

Failure to move through to $3.57 levels could see EOS struggle throughout the day.

A fall back through the second major support level at $3.4193 would bring sub-$3.40 levels into play.

We would expect EOS to steer well clear of the third major support level at $3.2660, however.

Looking at the Technical Indicators

Major Support Level: $3.4971

Major Resistance Level: $3.6504

23.6% FIB Retracement Level: $6.62

38% FIB Retracement Level: $9.76

62% FIB Retracement Level: $14.82

Ethereum

Ethereum slid by 3.18% on Thursday. Following on from a 0.95% fall on Wednesday, Ethereum ended the day at $162.4.

Bearish through the day, Ethereum fell from an early morning intraday high $167.79 to a late afternoon intraday low $158.44.

Ethereum fell through the first major support level at $165.20 and the second major support level at 162.73.

Finding late support, Ethereum moved back through to $162 levels to limit the loss on the day.

At the time of writing, Ethereum was down by 2.38% to $158.54. A bearish start to the day saw Ethereum fall from an early morning high $163.00 to a low $157.55.

Ethereum fell through the first major support level at $157.99 before moving back through to $158 levels.

Story continues

For the day ahead

Ethereum would need to move through to

$163 levels to support a run at the first major resistance level at $167.31.

Support from the broader market would be needed, however, for Ethereum to break back through to $160 levels.

Barring a broad-based crypto rebound, Ethereum will likely fall well short of $165 levels on the day.

In the event of a rebound, the first major resistance at $167.31 and Thursday high $167.79 would likely limit any upside.

Failure to move back through to $163 levels could see Ethereum spend the day in the red.

A fall through the first major support level at $157.96 would bring $155 levels into play before any recovery.

Barring an extended sell-off, however, Ethereum should steer clear of the second major support level at $153.53.

Looking at the Technical Indicators

Major Support Level: $157.96

Major Resistance Level: $167.31

23.6% FIB Retracement Level: $257

38.2% FIB Retracement Level: $367

62% FIB Retracement Level: $543

Ripple’s XRP

Ripple’s XRP slid by 4.71% on Thursday. Following on from a 0.12% decline on Wednesday, Ripple’s XRP ended the day at $0.22583.

Tracking the broader market, Ripple’s XRP slid from an early morning intraday high $0.23725 to a late intraday low $0.22077.

Ripple’s XRP fell through the first major support level at $0.2327 and the second major support level at $0.2285.

Finding support at the third major support level at $0.2206, Ripple’s XRP recovered to $0.2260 levels before easing back.

Ripple’s XRP failed to break back through the major support levels late on.

At the time of writing, Ripple’s XRP was down by 1.96% to $0.22141. A mixed start to the day saw Ripple’s XRP rise to an early high $0.22628 before sliding to a low $0.21771.

Ripple’s XRP fell through the first major support level at $0.2187 before recovering to $0.22 levels.

For the day ahead

Ripple’s XRP will need to move through to $0.2280 levels to support a run at the first major resistance level at $0.2351.

Support from the broader market would be needed, however, for Ripple’s XRP to break back through to $0.23 levels.

Barring a broad-based crypto rebound, Ripple’s XRP would likely fall well short of the first major resistance level and Wednesday’s high $0.23725.

Failure to move back through to $0.2280 levels could see Ripple’s XRP struggle throughout the day.

A fall back through the first major support level at $0.2187 would bring the second major support level at $0.2115 into play.

Barring a crypto meltdown, however, Ripple’s XRP should steer of sub-$0.21 levels.

Looking at the Technical Indicators

Major Support Level: $0.2187

Major Resistance Level: $0.2351

23.6% FIB Retracement Level: $0.3638

38.2% FIB Retracement Level: $0.4800

62% FIB Retracement Level: $0.6678

Thanks, Bob

This article was originally posted on FX Empire

More From FXEMPIRE:

News Source

Continue Reading

Cryptocurrencies

Cryptocurrencies price prediction: Bitcoin, Ripple & Bitcoin Cash – European Wrap – 23 January

Published

on

Bitcoin Price Prediction: BTC/USD in lock-step trading as $9,000 becomes a mirage – Confluence Detector

The market is deep in the red, starting with Bitcoin’s 1.92% loss on the day. Altcoins are also trimming the gains accrued from last weekend led by Ethereum Classic’s 5.42% dive, IOTA’s 5.39% decline and Bitcoin Golds 4.67% loss.

XRP transactions cannot be blocked, Ripple’s CTO explains why

Ripple’s XRP, now the third-largest digital asset with the current market value of $10.0 billion has

lost 3% in recent 24 hours. The coin bottomed at $0.2280 during early Asian hours and recovered to $0.2300 by the time of writing. The coin has been moving in sync with the global cryptocurrency market, driven by strong bearish sentiments amid growing volatility.


Bitcoin Cash miners told to donate 12.5% of their revenues to support the ecosystem

Bitcoin Cash, the fourth largest digital asset with the current market value of $6.1 billion has lost 2.5% in the recent 24 hours amid global correction on the cryptocurrency market. At the time of writing, BCH/USD is changing hands at $335, off the recent high registered at $404.

News :source

Continue Reading

Cryptocurrencies

Cryptocurrencies price prediction: Bitcoin, Ethereum & Litecoin – European Wrap – 22 January

Published

on

ata-ad-slot="6695423991" data-ad-format="auto" data-full-width-responsive="true">

Bitcoin Price Prediction: BTC/USD technicals align for another assault at $9,200 – Confluence Detector

Following an incredible week of bullish performance that saw Bitcoin correct upwards from $7,700 to $9,200, consolidation is setting in as traders get ready for another attack on $9,200. The recovery, not unique to Bitcoin, pushed most altcoins significantly upwards. Some like Bitcoin Cash, Bitcoin SV, Dash and Ethereum Classic, corrected above key descending trendline resistances. The growth among the altcoins has led to a decrease in Bitcoin’s dominance in the market.

fxsoriginal

Ethereum Price Analysis: ETH/USD moves within short-term upside channel

Ethereum, the second-largest digital asset with the current market value of $18.5 billion, bottomed out at $161.11 on January 20 and has been gaining ground ever since. The coin has gained over 1% on a day-to-day basis and stayed mostly unchanged since the beginning of Wednesday. ETH/USD attempted a rise above $171.00, but the move proved to be unsustainable and the coin slipped back below $170.00 level.

Litecoin price analysis: LTC/USD bulls desperate to push the price above $60.00
Litecoin, the 7th largest digital coin with the current market value of $3.6 billion, hit the intraday high at $59.14 and retreated below $58.00 by the time of writing, LTC/USD is changing hands at $57.95, mostly unchanged both on a day-to-day basis and since the beginning of Wednesday.
The coin has been range-bound with bullish bias since it hit $55.34 on January 19.  Litecoin’s price movements are affected mostly by speculative sentiments and technical factors.
 

 

News :source

Continue Reading
Open

Close