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Why Peer-to-Peer Platforms is the Future of Crypto Trading

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Why Peer-to-Peer Platforms is the Future of Crypto Trading
Source: Remitano

For the first time in history, cryptocurrency has given people the ability to perform financial transactions seamlessly and anonymously. The technology behind cryptocurrency – Blockchain, reduces dependency on the traditional banking sector significantly and in theory, can allow for quicker and cheaper financial transactions.

There are a growing number of crypto trading and exchange platforms today, however converting/depositing fiat currencies to cryptocurrencies is very slow and cumbersome, if not said nearly impossible because the banks are not familiar with Bitcoin in many countries and the transactions cross different banks are not instant, that discourages new traders from entering the market.

Peer-to-peer decentralized platform + centralized exchange as a way forward

What is the solution? Enter, Remitano, one of the fastest growing peer-to-peer trading platforms on the web. Unlike a conventional cryptocurrency exchange, Remitano acts more like a decentralized platform that operates without the need for a banking partner. It is also invulnerable to financial regulatory bodies.

The platform allows users to buy or sell cryptocurrencies among themselves for fiat currencies while being charged a small fee in this industry, which also allows leveraged trading like other crypto exchanges.

The platform also offers an e-wallet service that can be used to transfer funds internationally, either within Remitano’s community or other crypto wallets outside of the platform as well.

Remitano aims to build a powerful and seamless trading platform that bridges the worlds of fiat and crypto by providing P2P to trade with fiat currencies and swap [centralized exchange] for cryptocurrencies.

How secure is Remitano?

Remitano offers escrow trading, which gives both buyers and sellers an added layer of security and fraud protection. That in itself differentiates itself from the large majority of its peers in the industry.

The platform has a reputation system that displays the trading history of each trader to expose fraudsters. Second, the platform has an Escrow Service that holds a seller’s Bitcoin until the payment has been confirmed by the seller.

  • The buyer can only receive Bitcoin from Escrow after the payment has been confirmed. The Escrow Service is meant to protect both the buyer and the seller from fraud.
  • Remitano has a factor authentication system that is meant to prevent unauthorized access to a user’s account.
  • The fraud filters are researched and implemented throughout the platform to detect and prevent as much as fraudulent activities.
  • The platform simplifies the login process with a Password-less technique without losing user’s security but increasing convenience and security for user’s funds.
  • Remitano has a 24/7 friendly support team and resolution team that helps to resolve any dispute between sellers and buyers as soon as possible. From this point, Remitano is proud to be one of the fastest P2P exchanges to resolve disputed trades.

Which countries support Remitano?

Source: Remitano

Source: Remitano

Remitano is supported in many countries including; South Africa, Zimbabwe, Vietnam, United States, Uganda, Thailand, Tanzania, Taiwan, Sweden, Singapore, Russia, Qatar, Poland, Pakistan, Philippines, Oman, New Zealand, Norway, United Kingdom, Spain, Denmark, Colombia, China, Cote de Voire, Canada, Cambodia, Belarus, Bangladesh, Australia, Nigeria, Namibia, Malaysia, Mexico, Kenya, Japan, Italy, India, Israel, Indonesia, and Ghana.

The advantages of Remitano’s peer-to-peer platform

The platform’s UI is simple, efficient and makes for a user-friendly exchange. It also boasts high processing speeds for deposits and withdrawals, while charging lower fees than most other exchanges. Whenever users have any issues, Remitano provides a team of responsive and friendly customer support staffs.

The online support is available 24/7 to resolve conflicts between sellers and buyers and at the same time respond to customer questions.

There are no limitations for buying and selling amounts, thus making the exchange open to all types of traders, be it small time buyers and sellers or high net worth active traders. Remitano’s platform is secure, requiring users to submit their government ID for verification before being allowed to trade.

For both buying and selling payments, users are able to do so via bank wire transfers and cash deposits. With an active account, Remitano users are able to trade a number of cryptocurrencies, including Bitcoin, Bitcoin Cash, Tether, Ethereum, and Ripple.

Remitano supports multiple pairs of popular cryptocurrencies, and offer ZERO Trading Fees cryptocurrency exchange with a vision to maximize traders’ profits.

Guidelines on staying safe on Remitano

Whether you are new to cryptocurrency or a seasoned investor, Remitano’s simple and straightforward interface creates an hassle-free experience to buy and sell cryptocurrencies. But despite its ease-of-use, security is the platform’s number one concern. Before beginning trading on Remitano, it will be useful to keep these pointers in mind:

  1. Select your country of choice [from the drop-down menu]
  2. All sellers’ reputation is displayed in their profile, so it’s best to choose a more reputable seller when trading
  3. Find out the seller’s transaction history to learn more about their past transactions
  4. Some sellers’ qualifications for a positive reputation include:
    1. Verified identity
    2. Minimum of 30 trades
    3. 98% positive feedback score [from a minimum of 10 persons]
    4. At least 2 months of active trading
    5. Acceptable delivery time.

The platform has a buy/sell Bitcoin button that users are expected to click when they want to make a transaction.

It is only advisable to select verified merchants.

For more information, click here.



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Ripple

David Schwartz of Ripple projects views on tribal behavior of crypto-industry

Priyamvada Singh

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David Schwartz of Ripple projects views on tribal behavior of crypto-industry
Source: Pixabay

In a recent podcast by Internet History Podcast, the Chief Technology Officer at Ripple, David Schwartz discussed the tribal nature that surrounds the cryptocurrency and blockchain space. Here, he addressed the issue as unfortunate and stated that the members of the space must understand that working together and in sync is significant to moving forward. In his words:

“They’re very much like religious battles. You have influential people who are committed to a position that like one digital asset is the best and they can’t acknowledge any of the strengths of others or the weaknesses of their own, which makes it difficult for people to make good decisions about you know which assets to use or what to use them for.”

He switched the subject to the workings of Ripple, wherein he explained that the company is focused on the use case of global payments but is also excited to see innovation in the space. Furthermore, he stated that he expects to see the XRP ledger be used in different sectors of innovation, moving beyond payments.

About tribalism, he said that there are certain social media platforms that fuel the trait, such as Twitter, mentioning the trend as hostile. He also said:

“Tribalism, it’s chasing a lot of people out of the space because of some platforms, particularly Twitter, is just extremely hostile and I think we need to fix that. Again, if the crypto markets are sending us any signals is that we’re all in this together and we need to work together to grow.”

The tribalism that he is referring to is evident in the space as the maximalists continue to promote their respective choice of coin while dissing every other token. This has also been observed in the Bitcoin ecosystem, wherein maximalists like Roger Ver and Tone Vays are involved.

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Altcoins

Tron [TRX] energy cost to be reduced from 20 sun to 10 sun

Priya

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Tron [TRX] energy cost to be reduced from 20 sun to 10 sun
Source: Unsplash

The whole cryptocurrency market has been witnessing a steep downward trend for the past couple of weeks. Even the major cryptocurrency like Bitcoin [BTC], Ethereum [ETH] and XRP, have lost the battle against the ice king. This negative trend has broken down most of the new projects in the market, especially the investors’ sentiments. There are also a few projects and team that are finding it hard to continue their operations because of the bear’s ever-growing presence.

Despite this, Tron [TRX], the tenth-largest cryptocurrency by market cap, continues to make advancements in terms of network development. Justin Sun, the founder and CEO of Tron Foundation presented the second proposal, Proposal 9, has been approved by 2/3rd of the governing body. The proposal is aimed at making the network a developer friendly environment by reducing the energy cost from 20 sun to 10 sun, which, in turn, reduces the cost of smart contact.

Justin Sun's tweet on the proposal | Source: Twitter

Justin Sun’s tweet on the proposal | Source: Twitter

At the time of writing, the proposal had received 22 approvals and no disapprovals. The representatives who voted for the proposal includes Justin Sun Tron, Tron Society, BitGuild, Tron One, Lianjinshu, uTorrent, Crypto Guy in ZA, Infinity Stones, Alle Exchange, Tron Alliance, TronWalletMe, Raybo Tron, BitTorrent, Blockchain Org, CryptoChain, Sesameseed, callmeSR, DApp House, Tron Spark, TRX Market, Sky people, and Tron Europe.

The first proposal of the month was related to maximizing the energy limit of the network, which was also aimed at supporting the developers of the ecosystem. The proposal was approved by all 28 Super Representatives of the network. Super Representative are the representatives of the community and validators of the node who are elected by the token holders. These representatives are given the power to vote for the activation of the features of the Tron Virtual Machine, with the focus on the betterment of the entire community.

Earlier today, the CEO of the Foundation spoke about how Tron surpassed Stellar Lumens, the fourth largest cryptocurrency by market cap. He said on Twitter:

“According to @CoinMarketCap, there are 159 trading pairs of #TRON which already surpassed 157 trading pairs of Stellar. #TRX was already listed on more than 100 exchanges, including Crypto/Crypto & Crypto/ Fiat trading pairs”

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