INTRODUCING SMART-MINING.COM – INNOVATIONS ARE ALREADY HERE !
INTRODUCING SMART-MINING.COM (http://smart-mining.com/ – INNOVATIONS ARE ALREADY HERE !
The main feature of this projects that it is used an innovational method for mining Bitcoin, which based on deep daily analysis and control of all financial and technical indicators
So, due to this fact, marketing department is possible to calculate and provide the most favourable prices in the whole cloud mining field.
Also, a huge part that influence on the packages prices is equipment.
It is almost do not used a brand-new equipment to avoid big expenses on it.
Today, Hash-Rates geographically is much wider, more than 20% of it is outside of China and it continues its dynamic growth.
INNOVATIONS IN COOLING FIELD
Through numerous experiments and long years of testing, the team of engineers was able to achieve significant results and continues to improve the technology for cooling equipment, allowing on the basis of serial chips to obtain a significant increase in performance.
To achieve this result, innovative technologies were used for mining.
Namely, the CRYOGENIC BLOCKS , which are an integral part of the cooling system, allow to maintain the required temperature of the processors with absolute accuracy to maintain their high performance.
Also a significant role in the cooling system is played by software, the so-called
© Smart-Cooling System. It allows you to analyze and adjust the degree of cooling of the chips. This system completely eliminates the possibility of overheating or excessive cooling of equipment.
INNOVATIONS IN BOOSTING FIELD
Also, an important role in the mining process is played by hardware overclocking software.
© Smart Boost System analyzes the overclocking capabilities of certain components and calculates the safest methods, since the equipment resource is a priority in the process of overclocking it to peak values.
Thus, with the help of a Smart-Boost System system in conjunction with a Smart-Cooling System , it is possible to achieve an increase in performance of up to 60%.
However, this value is systemically limited to 45% in order to maintain stable and uninterrupted operation of the equipment
AS A RESULT, Smart-Cooling System TOGETHER WITH A Smart-Boost System ALLOWS YOU TO :
-Increase chip performance up to 60%.
– Extend working capacity of the equipment
– Reduce the ability to stop equipment due to overheating to almost zero.
What does the client get from this ?:
-Most favorable tariffs for packages in the field of cloud mining.
– A full guarantee of the operability of equipment and mining from it.
Have you ever experienced that utmost fun of casino games and betting? It is unforgettable to feel how blood runs through the veins when you get closer to your next impressive winning. Keen players got used to betting fiat money but modern gambling can be much more exciting if you play for cryptocurrency. One of the platforms which have made this way of entertainment available to everyone is 1xBit. It is a popular gambling platform where holders of different crypto coins can try their luck playing a variety of games and betting on sports events. You will agree that every person desires to get a big prize having fun online.
One of the biggest cryptocurrency casinos on the market 1xBit announced the launch of two branded tables. The first table is in collaboration with a leading casino content developer Ezugi, while the second one is in partnership with the world-leading live dealer gaming – Evolution. In order to mark this wonderful occasion, 1xBit initiates a special tournament with the total prize fund of 100 mBTC.
Thanks God, it’s Thursday!
For all card games lovers 1xBit jointly with Evolution carried out a regular promotion “Blackjack on Thursdays”. It is a weekly promotion with simple and easy-to-follow rules, holding every Thursday. For every 2 mBTC wagered the participant will get one point. Three participants who accumulate 200 points first will win the following prizes:
1st place – 50 mBTC;
2nd place – 30 mBTC;
3rd place – 20 mBTC.
To take part in the tournament a user has to register at 1xBit and plays at exclusive Bit BlackJack table. The registration is required no personal data and operated by One-click way, what takes seconds to become a player at 1xBit.
1xBit is a cryptocurrency multifaceted gambling platform, where
users can deposit and withdraw funds in Bitcoin, Ethereum, Litecoin, Dash and nearly a dozen other cryptocurrencies. The use of crypto ensures the swiftness, anonymity, and cost-effectiveness of all transactions.
Keep in mind that 1xBit also offers a generous welcome package up to 7 BTC for all registered users, both for newcomers and old ones
Among other things, 1xBit suggests a wide range of slots from over a hundred providers for every taste to fit. Moreover, the platform is adapted to 60 languages, what means that users all over the world can easily enjoy casino along with betting opportunities.
Don’t miss a chance to reap all the benefits while playing at 1xBit casino and get a lot of bonuses and prizes here and now!
Do you look for a Bitcoin bank in Denmark? Unfortunately, their list is quite short since several banks refused to sell Bitcoin despite the fact that they used to do that earlier.
You will agree that only a small percentage of banks all around the world deal with cryptocurrency and BitCoin, in particular. Denmark is not an exception.
Look: this article will focus on both bitcoin friendly and not friendly banks in Denmark so that customers could know where they can buy and convert cryptocurrency.
Banks that Accept Bitcoin in Denmark
Despite the fact that BitCoin wallets are anonymous, it is possible to learn the number of people owning BitCoin in Denmark looking at their tax reports. In 2018, a Tax Agency of Denmark confirmed that 2,700 people have reported about gains from BitCoin trading. Since this number is official, it is possible to suppose that the number of people holding cryptocurrency in their e-wallets is twice or even thrice bigger. It means that soon some of these people will turn to the Danish banks in search of the institutions accepting crypto. However, not all banks in Denmark are friendly to BitCoin and other cryptocurrencies. In fact, only one bank allows trading cryptocurrency in Denmark.
Founded in 1992 by Kim Fournais and Lars Seier Christensen, this is a Danish investment bank which specializes in online trading and investment. Its headquarters are located in Copenhagen but its clients are residents of 180 countries.
Saxo bank offers its clients to trade BitCoin and Ethereum through exchange traded notes. There is no need to open an exchange account while the use of ETN has a number of benefits including simplicity, security, lower risk, and smaller trades. If you want to buy or trade crypto, it is necessary to register an ordinary account, add funds to it from a credit card or by bank transfer, and access asset classes you are interested in. There are over 35,000 trading instruments offered.
What Banks are Not Friendly to Bitcoin Anymore?
There are situations when a BitCoin-friendly bank stops being so because of some reasons. Since digital currencies are recognized not in all countries and have no legal grounds underneath, many financial institutions face troubles accepting cryptocurrency. As a result, the following banks which once used to offer crypto services to their clients have stopped doing that.
It is the largest commercial bank on the territory of Denmark and one of the largest in Europe. It serves more than 5 million clients and is listed in the global ratings of several companies.
According to the official website of the bank, its approach towards cryptocurrency is negative. It does not recommend customers to invest in tokens because of the insufficient transparency level. All the crypto transactions should comply with current regulation and anti-money laundering procedures. Moreover, it was involved into $235B money-laundering scandal and this amount is bigger than the entire cryptocurrency market cap combined.
Moreover, this bank used to trade cryptocurrency but banned it in March 2018. Earlier, clients of the bank could not only trade BitCoin through this financial institution but also buy financial instruments such as derivatives through cryptocurrencies.
Being the third largest Danish bank, its headquarters are located in Silkeborg. The bank has subsidiaries in Denmark, Germany, and Gibraltar and offers different types of investment but not cryptocurrency. Even the cooperation with another Danish company in launching a new asset exchange was connected only with fiat money.
Norsea Group is the largest financial group in Northern Europe which is represented as Nordea Bank in Denmark too. Its headquarters are located in Helsinki, Finland but it serves customers of several European countries.
The bank used to accept BitCoin but banned this activity in January. The prohibition was connected not only with clients of the bank but also its employees who were not allowed to trade BitCoin because of its unregulated nature. Lack of such regulation may lead to utilizing digital assets to launder money. However, the bank agrees to cooperate with other banks on the establishment of industry standard regulatory framework in regards to cryptocurrencies.
One of the oldest banks in Denmark founded in 1970 is known as Syd Bank. Its headquarters are located in Aabenraa, Denmark and it is one of thriving Danish banks with over 100 branches and 1,500 employees. The bank’s attitude to cryptocurrency is far from being positive and its clients are not allowed to perform different operations with it through the bank.
Alternatives for Buying Bitcoin in Denmark
Do you live in Denmark and look for a reliable way to invest in cryptocurrency? Local banks are a great solution but only two of them are Bitcoin-friendly. However, there are other online destinations where Danish population can purchase or trade cryptocurrency.
It is a popular exchange platform which allows buying BitCoin and Ethereum in Denmark.
This is a peer-to-peer exchange platform operating in over 180 countries all over the world. There are different token available and all the limits are set by the people who trade there.
One more trusted exchange platform with over 80 tokens is always open to crypto holders.
Other exchange platforms which offer to trade BitCoin in Denmark are Coinmama, CEX.IO, Terrex, CoinSwitch, Luno, and others.
In addition to popular exchange platforms, it is possible to buy BitCoin through brokerage companies. Ones which operate in Denmark include Uphold, eToro, BC Bitcoin and others.
It can be a challenge for bank clients to buy BitCoin or any other cryptocurrency in the bank since only one of them is still friendly to crypto assets. However, despite the fact that so many Danish banks banned crypto purchase services, there are other alternative ways to obtain BitCoin. They are safe and fast enough since used by many people all over the globe so there is no sense to count only on banks in such an important question.
Are there any Bitcoin friendly banks in Canada? If you are a Canadian, who has appreciated the possibility to trade cryptocurrency and looks for official financial institutions in the country, you should know that there are banks which maintain relationships with crypto market.
You will also agree that not all Canadian banks manage to regulate and monitor cryptocurrency and some of them refuse from providing the following services. (more…)
Do you evaluate your BitCoin amount as a large one? Probably you are a lucky guy who can join the list of the world’s wealthiest people. However, you can make the most of the money earned only after you convert your crypto to fiat money. Despite a big number of exchanges to do that, only some of them agree to cash out large amounts of Bitcoin.
You will agree that most of the popular crypto cash out methods have limits and it is an obstacle for holders of large amounts.
Good news: this article will offer you 6 reliable ways how to convert or exchange large amounts of BitCoin and how much it will cost to do that.
What is the Difference Between Cashing Out Small and Large Amounts Of Bitcoin?
Despite the fact that BitCoin has been a leading cryptocurrency for over a dozen years already, there are still some issues connected with it. One of them is challenges crypto holders may face cashing out large amounts of the coin. Though it may seem that there is no difference between converting small and large BitCoin amounts, in fact, these processes have much in common but do differ from each other in the following way too.
When a person converts a small amount of crypto to fiat, he or she is aware of the risks involved and supposes that this money may not be delivered to the final destination because of some reasons. Dealing with large sums, the level of responsibility grows significantly since big sums of cash are usually meant not only for the crypto holder but also for his family and relatives. The plans for such sums are also more extensive, so their cash out process requires more attention.
Every exchange, broker, or even person who sells or buys Bitcoin has a maximum limit of the daily transactions. These sums can vary from hundreds to hundreds of thousand coins. Therefore, it is important to remember that exceeding any limit you must be ready that you might be deprived of the opportunity to take the excess or even a full amount out, so consideration of withdrawal or exchange limits is very important.
Frozen bank accounts
It often happens that clients should provide explanations about the source of their additional income, especially if these amounts are large. Otherwise, a bank can freeze customer’s accounts. Moreover, it is worth noting that income from crypto trading is not considered to be a legal source of revenue in some countries so you cannot mention it too. You need to decide what to tell bank representatives in advance not to lose money deposited.
It goes without saying that taxes must be paid both from cashing out small and large amounts of tokens, but what is more interesting, taxes from large crypto amounts are higher and may take a good deal of your crypto earnings. That is why it would be reasonable to speak to a lawyer for tax and legal purposes to find out how to get the lowest rates possible.
Fees and commissions
Withdrawal of small and large crypto amounts differs in the amount of the commission paid. Most often, exchanges make discounts to users who trade larger sums, so it may be more profitable to cash out large amounts than do that multiple times with small ones.
How to Sell Large Amounts of Bitcoin
The most usual options to cash out cryptocurrency are limited to 3 methods:
- Crypto exchanges;
- OTC Brokers;
- Peer-to-peer sales.
All these ways of cashing out BitCoin can be used for dealing with large amounts, but the most convenient and secure one is selling BitCoin on reputable cryptocurrency exchanges. Every user can connect his or her bank account with the exchange and receive funds directly to the account. It is one of the fastest and most comfortable withdrawal methods for large amounts since there is no need to look for a broker or another person to deal with and people can exchange crypto without leaving the comfort of your home. It is difficult to name the only best exchange to sell large amounts of Bitcoin, so look through the top 6 and select the one suitable personally for you.
This crypto exchange was established in 2013 and is considered considered be one of the oldest ones accepting BitCoin and other cryptocurrencies and making it possible to exchange them for fiat money including the US dollar, the British pound, Euro, and Ruble. If you need to withdraw large BitCoin amounts via this platform, you should know that you may do that only if you own one of four accounts: Identity, Address, Enhanced, and Corporate one. There are unlimited daily and monthly withdrawals in BTC with the commission of 0.0005 BitCoin. As for fiat money, Identity account has a daily limit of $1,000 and a monthly limit of $3,000 not supporting Swift and SEPA payment methods. All other accounts have no withdrawal limits and support such payment methods as Visa, MasterCard, Swift and SEPA. According to the terms of the exchange, it is forbidden to withdraw money within 48 hours after the account registration.
Coinbase is a trusted exchange, a platform available in 30 countries for selling, buying, and storing multiple cryptocurrencies including BitCoin. Registered users can both trade crypto on this service and store it in the wallet which can be created.
Coinbase withdrawals are unlimited only if you transfer funds to the wallet created on the platform. Users can withdraw funds to the bank account only after you sell crypto to your wallet. In this case, withdrawal limits depend on the type of account possessed on the platform. The maximum daily withdrawal amount is equal to $10,000 for individuals and up to $50,000 for businesses. Regarding withdrawal fees, an ordinary Coinbase account will have to pay up 3.99% fee on credit/debit card transfers and a 1.49% fee on bank transfers in addition to the standard BTC transaction fee of $0.10. Coinbase Pro fees are much lower ranging from 0.1% to 0.25% for take traders only.
This platform is a peer-to-peer one and it supports BitCoin next to other crypto coins. Its headquarters have been located in Helsinki, Finland since 2012 and now this platform works successfully in 248 countries. The main goal of this service is to connect people who want to buy and sell cryptocurrency on the terms suitable for both parties. There is no maximum withdrawal limit there since every seller provides his own minimum and maximum amount. Every transaction made through the platform will cost a seller 1% of the total amount.
If to consider payment methods suitable for getting funds, their list is quite extensive, but every seller suggests those methods which are suitable for him.
One more reliable brokerage company appreciated by many traders is Coinmama. It was established in 2013 and operates in 188 countries now. This service is suitable for withdrawing large BitCoin amounts, but the withdrawal limits depend on three important factors: state regulations, payment method, and account verification level.
There are 3 verification levels on Coinmama. All of them feature overall account spending limit, daily and monthly limits and numbers of transactions allowed. Level 1 features the overall account and monthly spending limit of $15,000, while a daily spending limit is $5,000 for credit cards and $12,000 for bank transfers. The highest limits are offered in Level 3, where the overall spending limit is $1,000,000, while a daily spending limit is $7,500 for credit cards and $30,000 for bank transfers. The fee taken by the platform is counted on the basis of the XBX Index, plus a 5.90% fee. There is an additional 5.00% processing fee for credit and debit card transactions.
The title of the world’s longest-standing exchange was given to Bitstamp platform and it is not occasionally. It is located in Luxemburg and supports several basic cryptocurrencies and fiat money.
Bitstamp is a perfect solution for cashing out large BitCoin amounts since it is one of a limited number of platforms that have no limits for verified users. It is a great solution but only for those users who have completed the verification process. Moreover, it is necessary to pay a certain fee for BTC cash out which depends on the type of withdrawal preferred. If it is SEPA withdrawal, there is a fixed €0.90 fee for converting funds to EUR (if necessary). International withdrawals via International Wire Transfer are charged a 0.09% fee and the minimum fee is $15.00.
It is a crypto exchange which is famous for trading the largest Euro trading volume despite the fact that it is located in the US. However, Kraken is also one of the most experienced platforms founded in 2011. Today, it is a leading crypto exchange that supports fiat money as well and allows users to exchange large amounts of Bitcoin to USD and other currencies.
Withdrawal limits of the platform both for fiat and cryptocurrency depend on the verification level. There are three basic types of accounts distinguished and each of them has a certain daily limit for crypto withdrawal: Starter – $5,000, Intermediate – $500,000, and Pro – $10,000,000. Monthly withdrawals are unlimited for all accounts. Fiat withdrawals are available only for Intermediate and Pro accounts and the daily limits are $100,000 and $10,000,000 respectively. There are also exclusive limits for the US residents to look through at the official website.
Kraken transaction fees depend on the currency chosen for withdrawal and payment method and start from €0.09 and can reach 35 GBP + 0.125%.
How to Stay Safe While Selling Millions in Bitcoin
If your crypto asset value is worth millions, it is of utmost importance to think twice about the safety of your funds or you may lose everything in a matter of seconds. There are several things you can do planning a huge sale:
- Select exchanges with several levels of verification since they are more secure.
- Inform the exchange of your plans to convert a big BitCoin amount beforehand to prevent any issues.
- Don’t exchange the whole sum, break it into smaller portions to avoid losing all your savings.
- Report your taxes not to be caught and punished in the future. Even if you do that anonymously, your bank can provide information to the government.
- Don’t hurry and check the information you enter to prevent life-changing mistakes.
Everyone dreams to be a holder of large BitCoin amounts, but only risky people invest in digital assets and feel more confident withdrawing their earnings. It has become clear from the article that large BitCoin amounts must be cashed out on trusted exchange platforms. However, it is necessary to remember about possible limits, so experts advise breaking them in smaller portions when you withdraw them.
Have you ever paid with cryptocurrency for any goods or services? If yes, did you know that the recipient of your payment can easily trace the history of your transactions knowing only your wallet address? All the transactions in cryptocurrency are recorded in the blockchain open-source software, but there is a possibility to leave no trace using SmartMixer platform.
Did you know that you can earn cryptocurrency playing Bitcoin games and withdraw them to your wallet? Though it sounds unbelievable but modern games are created not only for entertainment but also for earning digital coins.
You will agree that not everyone knows about the possibility to earn cryptocurrency not only mining or purchasing it but also playing funny and exciting games. (more…)
Have you achieved success on Bitcoin trading or you one of those lucky guys who purchased crypto when it cost only several dollars? Now it is time to harvest a crop and use the money earned, and it can be done if you transfer Bitcoin to a bank account.
You will agree that it is possible to use BTC to pay for services and goods, but, unfortunately, the number of platforms accepting crypto is still rather limited while paying with fiat money has no restrictions. Moreover, it would be reasonable to convert BTC for fiat money when a crypto market is in decline and you want to prevent losses.
- ✅Binance supports more than 40+ fiat currencies for buying and selling crypto with Visa/MasterCard and third-party payments
- ✅Considered to be the largest crypto exchange platform on the planet
- ✅The list of altcoins on the platform has exceeded 140, while transaction fees are ones of the lowest being only 0.1%
- ⛔Do do not open accounts for U.S. residents.
Look: this article will tell you about the most popular and secure ways of withdrawing Bitcoin to the bank account and how this process is performed.
Can You Withdraw Bitcoin to Your Bank Account
It goes without saying that every Bitcoin holder can exchange cryptocurrency for fiat money and transfer it to the bank account in a matter of minutes. In fact, there are 4 ways to do that:
- Sell Bitcoin on the crypto exchange and get money directly to the bank account. There are many trusted crypto exchanges operating on the Internet nowadays and many of them are not limited to crypto-to-crypto trading but also provide with an opportunity to send exchanged money directly to the bank account.
- Make use of Bitcoin ATM. There are over 2,200 ATMs accepting Bitcoin on the planet, so if you are lucky to live next to one of them, you can easily get fiat money for Bitcoin in it.
- Obtain a Bitcoin debit card. There are online services offering to get a prepaid debit card for selling BTC and use money kept on it.
- Sell Bitcoin to someone you know. If one of your friends, relatives, or their acquaintances wants to buy crypto and you plan to sell it, you can help each other and get cash for the crypto which must be transferred to another wallet.
All these ways can be used for getting fiat money onto your bank account, but the most popular way is still the use of exchange services. It is not difficult to find a trusted crypto exchange with reasonable fees and get money to your bank account quickly and without putting much effort. That is why lower you will find 7 platforms where every person can sell BTC in exchange for money to land on the bank account.
How to Transfer Bitcoin to Your Bank Account
There is no need to have any trading experience to convert money on third-party exchange platforms. In fact, even a child will easily cope with the task set since it is enough to fill out some information in the blank spaces and deposit Bitcoin to the exchange in order to request the withdrawal of fiat money then. The most widely accepted way to do that is to prefer an exchange that accepts bank wire transfers, and experts advise asking for fiat money to be sent to the same bank account where they were transferred from too. Usually, it takes from 1 to 5 days to get money to your account. However, there is also an opportunity to use the Peer-to-Peer approach or turn to a broker too.
Now it is time to analyze the offer of the best platforms to convert BTC and choose the most suitable one.
- ✅The only larger exchange with native support for credit cards Visa/MasterCard and SWIFT
- ✅Works as bitcoin dealer as well as marketplace, also supports basic margin trading (all-in-one)
- ⛔Significally higher fees (0.25% for Taker and 0.15% for Maker)
This London exchange established in 2013 offers to withdraw cryptocurrency only for registered and verified users. Residents of different countries can transfer Bitcoin to their bank accounts using this service. EU residents can opt for the SEPA method supported, while US citizens prefer the ACH method. When it comes to citizens of other countries, it is possible to ask for a debit card withdrawal or do that in ATM too. Users of the platform say about quite high commissions for the withdrawal which can reach 3% for credit cards. At the same time, there are several benefits of the platform too including round the clock customer support, several payment methods supported, and fast money transfers.
- ✅Bank Account (ACH) and Wire Transfer payment methods are available for withdrawal your money.
- ✅Coinbase can also be a software wallet that can help you store, buy, and sell BTC. There is also a feature where you can request money, either in USD or BTC
- ✅The most compliant BTC exchange for U.S. account holders.
Being a leading Bitcoin trading platform Coinbase allows its users to withdraw Bitcoin to bank accounts too. Residents of both EU and the US can receive money for selling BTC to their bank accounts, but it is performed using two different methods: SEPA for EU (takes up to 2 days), and ACH transfer for the US (takes up to 5 days). It is possible to speed up the transaction if you own MasterCard or Visa. The cost of withdrawal also depends on the country and can vary from several dollars to several cents.
The process of cashing out Bitcoin on Coinbase looks as follows:
- Open an account on the platform, link your bank account to it, and make the first deposit by buying or sending some amount of Bitcoin from another address;
- When Bitcoin is delivered to your account, click Buy/Sell button at the top of the page and choose ‘Sell’;
- You will be offered to sell from your Bitcoin wallet and deposit it to the default currency wallet you have selected;
- The withdrawal process begins only after you exchange BTC to the local currency;
- Click ‘Sell Bitcoin Instantly’ and get money on your fist currency wallet;
- Withdraw money from your fiat currency wallet to your bank account.
This peer-to-peer platform was founded in 2012 and its headquarters are located in Helsinki, Finland. It is a decentralized platform aimed at matching people who want to sell or buy cryptocurrency. Users of the platform can negotiate to trade on the platform by answering ads created and meet in person or transfer money to the bank account or wallet. There are over 40 payment methods on the service and bank wire transfer is among them too.
If you want to cash out Bitcoin using this P2P platform, it is necessary to follow this procedure:
- Create an account on the platform or enter the existing one;
- After logging in, find ‘Sell Bitcoins’ button at the top of the page;
- Enter the amount of cryptocurrency to be sold and the country you are located in and then press ‘Search’;
- Look through the list of offers including the name of the trader (in brackets, you will see the number of trades made and the rating), payment method preferred, price of the coin and its limits;
- Select one suitable for you and indicate the BTC amount to be sold;
- Click ‘Send Trade Request’ and wait for a buyer to approve it;
- Send BTC to the escrow of the platform and this amount will be delivered to the buyer only when you confirm the receipt of payment.
The main benefit of this platform is the security of the transactions made and the possibility to sell Bitcoin for a higher price depending on the payment method preferred.
Being another old trading platform Coinmama was established in 2013 and now offers one of the most comfortable ways to convert BTC to cash. European residents of 37 countries can sell Bitcoin on the platform using SEPA (Single Euro Payments Area). These accounts can accept Bitcoin equal to $12,000 without extra fees.
The process of selling Bitcoin and getting money to the bank account using Coinmama is very simple:
- Register and log in the account.
- Select ‘Sell’ option.
- Indicate the BTC amount to be sold.
- Enter your bank details.
- Send coins to the wallet address provided.
When the platform receives Bitcoin to its wallet, it will immediately send funds via SEPA transfer and it usually takes 1-2 days to deliver them.
This platform specializes in crypto trading on the territory of the EU and is one of the most reputable exchanges known today. Founded in 2014, it offers one of the cheapest ways to buy and sell Bitcoin via bank transfer or SEPA. The platform offers to buy, trade, save, back up cryptocurrency as well as sell it. The transaction fee for selling crypto on Bitpanda is 1.29%. There are withdrawal limits but verified users can convert up to €500k every day due to SEPA transfers.
Residents of Europe can convert Bitcoin via SEPA, while citizens of other countries can use Neteller for this purpose. To be able to buy or sell BTC, you must be a verified user. The withdrawal process can be performed at any time of the day only in Euro using one of four methods suggested:
- SEPA (the same day);
- Amazon.de Voucher Code (up to 30 minutes);
- NETELLER (10 to 30 minutes);
- Skrill (10 to 30 minutes).
It means that people from different countries can easily get money to their bank accounts if they have one of these e-wallets or live in Europe. Some sources also mention the support of Online Bank Transfer and SOFORT too.
This is the world’s long-standing crypto exchange founded in 2011 and serving over 3 million people from different corners of the world. Residents of Europe can transfer Bitcoin to their bank accounts using SEPA, while citizens of other countries can take advantage of bank wire transfers though they are more expensive ones. It is also possible to buy a credit card from the platform but the fee is between 5% and 8% there. In general, withdrawal fees are quite reasonable being only 0.25% which can decrease to 0.1% for making build withdrawals.
The selling process is similar to other ones since a user must register on the platform and log it in, pass through the verification process, and enter the ‘Buy/Sell’ tab in the upper part of the page.
What is interesting, every user can perform trading in five different ways: Instant order, limit order, market order, stop order, and credit card payout. The withdrawal button is located in the same tab as the previous one and it is necessary to enter the amount of Bitcoin to cash out as well as choose one of 2 methods available: digital wallet or bank account.
This exchange has the title of the largest Euro-denominated platform operating in the market and is a perfect choice for people who make a transfer to the bank of the Euro currency. In fact, the withdrawal options suggested on Kraken are very different since people living not only in Europe but also in the US, Canada, Japan, and others can cash out money using it. According to the official website of the platform, it is indicated that each of the withdrawal methods involves ‘ some form of bank or wire transfer’. The most popular methods look as follows:
- SEPA for EU citizens (1-5 business days);
- SWIFT for US residents and worldwide (1-5 business days);
- FedWire, the US only (1-3 business days);
- EFT, Interfin for the Canadians (2-5 business days and 0-10 min respectively).
Another benefit of Kraken is quite low transaction fees ranging between 0.15 to 0.25%. Only registered users can withdraw cryptocurrency and they should navigate to the ‘Funding’ menu (‘Withdrawal’ page) to do that.
Things to Remember about Converting Bitcoin to Cash.
It does not matter whether you convert BTC to fiat money for the first time or do that regularly, there are several things to remember for this process to be smooth:
- Use only reliable and checked platforms for withdrawal.
- Always check the information about a bank account, wallet address, or any other significant data twice before submitting the payment.
- Find out if it is possible to withdraw BTC without making the first deposit.
- Be ready to sign up for the platform and go through the verification process to be able to cash out Bitcoin.
- Most of the platforms send emails about the transaction started and completed.
- Compare withdrawal fees on several platforms to save.
- Don’t worry if it takes several days to deliver cash to your bank account since it is a natural process.
Though it may seem that transferring Bitcoin to a bank account is challenging, in fact, it takes only several minutes usually. Every platform which offers this service has its own procedure of withdrawing funds but each of them can be easily understood and performed quickly. If you plan to cash out Bitcoin, look through the offers of these popular platforms, and choose the one most suitable for you.
CryptoRobotics platform allows you to manage your crypto assets more effectively, increasing profits and minimizing losses at negative market trend.
Here in the terminal, you will have all tools for manual and automated trading which are suitable both for experienced traders and those who are beginning to invest.
CryptoRobotics terminal works with the most popular exchanges such as: Binance, Bittrex, Bitfinex, Huobi, HitBTC, Okex, Kraken, Exmo, Poloniex, Gate.io, Livecoin.
The user can connect an unlimited number of accounts for each exchange and use robots and order bots to automate trading.
This platform is available on any devices: PC, tablets and mobile version.
CryptoRobotics trading tools overview
Analytics Dashboard significantly simplifies analysis of results of trading for all accounts and the tools involved in managing them. All trading data is transferred to the dashboard and displayed in the form of charts and graphical visualizations that are easy to read.
Now users can find all the necessary data in one place and manage these indicators to adjust their trading strategies.
The dashboard shows detailed information of the portfolio and any changes made in the selected period.
The user can also view detailed statistics for each specific account (API key) and analyze the effectiveness of both manual and robot trading.
Algorithmic robots are developed to automate trading strategies and will execute orders 24/7 even when the user is not logged in to the terminal.
Robots enter transactions on positive price fluctuations and exit them according to the algorithm pre-set by either CryptoRobotics or the algorithm specified by the user in the settings console.
The bots are fully automated, the user only needs to specify a few basic parameters before launching them and robots will begin to open and close transactions on the selected exchange.
It is also possible to manually close the robot’s trades and adjust its settings while in trading mode.
There are two modes: demo and real trading.
In demo mode the user can test various settings without using his balance. Trading goes in real time according to signals to buy and sell that are identical to signals for real trading. A trader can test various settings of the robot, select which is most profitable and run the robot on his balance in real trading.
Manual trading and smart orders
In order to begin trading the user needs to connect an API key of one or several exchanges from the list: Binance, Bittrex, Bitfinex, Huobi, HitBTC, Okex, Kraken, Exmo, Poloniex, Gate.io, Livecoin.
After API key integration it’s possible to place various types of orders (limit, stop-limit, smart-order) and monitor their execution.
The terminal has a smart orders feature that allows to simultaneously place ask or bid order together with Stop Loss, Take Profit, Trailing stop.
This functionality allows you to automate and increase the profitability of each transaction, along with avoiding losses during negative market movements.
When placing smart ask orders the terminal does not reserve the number of coins, like any cryptocurrency exchange. Therefore the user can place an unlimited number of smart orders per asset. When reaching any of the conditions the bot will begin to execute transactions. Which is then possible to place on the so-called ladder of ask or bid orders.
In the CryptoRobotics terminal, the user can utilize all the necessary tools for graphical analysis and apply an unlimited number of indicators and oscillators to the chart.
After the analysis, the user can save their best practices in the templates for later use.
Roadmap for the second half of 2019
By the end of 2019 CryptoRobotics company will be ready to release a new set of products.
Automated signals, August. No manual settings anymore. To follow the signal, just click the Buy button – the bots will do the rest.
Marketplace, September. Here users will be able to purchase latest developments from CryptoRobotics partners. With the Marketplace everyone will be able to choose their own way: to be a trader, a professional analyst-strategist or a software developer.
Auto-following, October. Users will be able to choose a particular analyst trader to automatically follow signals of their trading and choose the level of complexity of the strategy, set and control risks.
This feature allows to fully automate profit which is most useful to inexperienced users.
Robot Constructor, November. The user will be able to create trading robots without specific programming knowledge. It is enough to set a number of indicators (indicators, oscillators, price ranges, pivot points, channel boundaries, etc.), and the user will be able to test new trading strategies.
Users will be able to sell ready-to-use robots on the marketplace to increase profit margin.
This was a brief overview of CryptoRobotics functionality. To start using the terminal go to the site https://cryptorobotics.io and register for free.