CEO Behind GAW Miners, PayCoin Ponzi Scheme Sentenced to 21 Months in Prison 2107

Homero Joshua Garza, the CEO of the now-defunct U.S. crypto firm GAW Miners, has been sentenced to 21 months in prison for defrauding investors, local news agency Hartford Business reports Thursday, September 13.

Garza received the verdict in the Hartford federal court, following his guilty plea to a wire fraud charge related to creating and selling a scamcoin dubbed PayCoin (XPY).

Instead of serving the original 20 year sentence, Garza will report to prison on January 4, 2019 and be jailed until 2021, with an additional three years of supervised release, including six months in home detention.

In addition to prison time, the former CEO of GAW Miners will have to repay a $9.2 million restitution to investors, which is the approximate amount of financial damage wrought by the nine-month crypto scam.

Founded in 2014, Bloomfield-based GAW Miners was a firm that specialized in manufacturing, supplying and selling special hardware for crypto mining. The company was shut down in 2015 following allegations of operating as a Ponzi scheme, which was followed by a lawsuit in 2016.

Created by GAW Miners developers, the PayCoin cloud mining cryptocurrency was launched in 2014. The digital currency was based on the SHA-256 algorithm and both proof-of-work (PoW) and proof-of-stake (PoS) protocols.

While GAW Miners had reportedly “guaranteed” investors a $20 floor price for PayCoin, the highest XPY price was $15.92 instead, according to CoinMarketCap.

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Pastel Network Announces the Listing of PSL on the Bitcoin.com Exchange 9039

Pastel Network, the first truly decentralized and scalable blockchain project designed specifically for rare digital art, has officially announced its pending listing on Bitcoin.com, scheduled for March 5, 2021. Pastel Network is a blockchain for rare digital art (also known as “NFTs”) that is built on the secure, battle-tested codebases of the Bitcoin, Dash, and ZCash cryptocurrency projects. Pastel introduces several important innovations to the world of blockchain art, such as the decentralized storage of art image files natively in the network, as well as a decentralized validation process for registering new artworks that prevents near-duplicate images from being added to the system. Pastel’s novel near-duplicate detection algorithm is based on robust image fingerprints that are generated using state-of-the-art deep learning image models and introduces a new form of digital scarcity which makes pixel patterns themselves “rare.”

Pastel takes a different technological approach than competing digital art blockchain projects, which are primarily built on top of the Ethereum platform. Because Pastel is an integrated platform specifically designed for the application of rare digital art, it has its own native Bitcoin-like currency (called the PSL coin). Having a native currency token makes the Pastel Network’s fees for registering, storing, and trading rare artwork very low, which makes it affordable to artists and collectors all over the world. Furthermore, the system includes a native mechanism based on changes in the mining difficulty of Pastel’s proof-of-work algorithm for maintaining these fees at affordable levels long into the future — even if PSL appreciates significantly in value. This is in stark contrast to Ethereum-based art projects, where the cost to create new artworks is currently hundreds of dollars, creating unnecessary financial risks for artists and making these other platforms out of reach for all but the wealthiest artists and the most expensive digital artworks. Even if an artist can afford to pay these egregious fees, the cost of simply transferring the artworks to users is prohibitively high. Pastel offers digital artists a secure and robust environment for registering their rare digital artworks with very low transactional costs, making digital art accessible to artists from anywhere in the world, and allowing a different business model for artists where they can sell larger numbers of their limited-edition digital art “prints” at a price point of under $5, while still making a healthy profit margin.

At the same time, Pastel allows art collectors and fans to purchase rare digital artworks directly from their favorite artists — with most of the value going to the artist instead of being wasted on unproductive network fees and overhead. This allows fans to participate in the long-term success of their favorite artists, creating a reciprocal relationship that transforms an artist’s fans into partners that have a financial stake in promoting the artist’s work. Furthermore, buyers of rare artworks on Pastel are able to trade their owned artworks with other Pastel users in a decentralized exchange that is native to the platform, all while paying modest trading commissions and transaction fees that are closer to the ~2% charged by payment processors such as Paypal and Stripe than the 15% or more charged by art dealers and auction houses, and other NFT platforms. Pastel Network’s low trading fees will lead to a much more dynamic and liquid marketplace for rare digital artwork that has the potential to radically transform the way art is created and collected. Best of all, the trading fees are sent by buyers and sellers to an unspendable PSL address, thus, “burning” them and removing them permanently from circulation. Over time, this natural deflation will offset the new PSL created through the mining process, making PSL scarcer and more valuable.

As Pastel Network’s founder Jeff Emanuel explains, “Today marks an exciting milestone for our project, which has been under continuous development since 2018 with the singular mission of serving the world’s artistic community. We have created an open platform that frees artists from the restrictions of the traditional art market, with its outrageous commissions and dealer fees, as well as its elitist ‘gatekeeping’ mentality that excludes the vast majority of talented artists around the world from earning a living as an artist. With the listing of Pastel on the Bitcoin.com exchange, as well as the public launch of our wallet software for artists and collectors in the next months, Pastel is now poised to disrupt the NFT space with a radically better network design that solves the high transactional fees and scalability issues that plague existing Ethereum-based NFT marketplaces and platforms.”

Pastel Network originated as a fork of the Animecoin blockchain project originally introduced in 2014. Animecoin was based on a modified version of the Bitcoin code and was fairly distributed with zero “pre-mine” to thousands of users around the world. After the fork, the Pastel team raised over $3 million from Innovating Capital and other blockchain investors to fund the development of the Pastel software and to further the goals of the project through community engagement and exchange listings, culminating in Pastel’s pending listing on Bitcoin.com.

Bitcoin SV support introduced at Beaxy Exchange in partnership with Fabriik Markets 16540

Beaxy Exchange, the popular Chicago-based digital asset exchange, today announces that it has introduced trading support for Bitcoin SV [BSV] on its platform. With immediate effect, BSV/USD and BSV/BTC trading pairs are listed and available for use. The introduction of Bitcoin SV comes as a result of a partnership between Beaxy Exchange and Fabriik Markets, a leading digital asset market-maker and liquidity provider. Fabriik Markets will provide market-making services to Beaxy Exchange for BSV-based trading pairs.

The move to launch BSV-based trading on Beaxy Exchange comes as demand for the digital asset continues to grow globally, with the utility of its massively scaling blockchain driving expansion of data use cases across many industry sectors. BSV also functions as a powerful payments network for both businesses and consumers, with its fast transaction times, low fees (sending a BSV payment costs less than 1/100 of a U.S. cent), and regulation-friendly approach providing an ideal payments platform.

As a U.S. Money Services Business [MSB] registered with the Financial Crimes Enforcement Network [FinCEN], Beaxy Exchange offers a safe, compliant, and protected service for its customers. All digital assets on Beaxy Exchange are secured by Curv Institutional Custody, with USD deposits insured by the Federal Deposit Insurance Corporation [FDIC] up to $250,000.

Beaxy Exchange services customers in 42 U.S. states, in addition to serving an active global customer base in many international markets. Fiat currency on-ramps are offered by wire transfer in USD, EUR, GBP, JPY, CAD and AUD, as well as credit/debit card on-ramps offered through Simplex in USD, EUR, GBP, ILS, TRY, CAD, CHF, KRW, JPY, RUB, AUD, CZK, NOK, DKK, NZD, SEK, ZAR, HUF, and PLN.

Speaking on today’s announcement, Bay Abbott, Director and Co-President of Beaxy Exchange, said:

“There have been very limited options for those in the United States to buy or sell BSV safely and with convenience. For that reason, along with all of the interest we’ve seen from our community, Beaxy Exchange is thrilled to offer new markets for BSV that were otherwise inaccessible to a large portion of the total crypto market. This is a great opportunity for the global audience as well, as Beaxy will provide fiat on and off-ramps for traders using the USD, EUR, GBP, JPT, CAD, and AUD.”

Also commenting, Steven Walt, General Manager of Fabriik Markets, said:

“We are excited to partner with Beaxy to support their customers’ needs around BSV liquidity. Beaxy is an established and well-respected brand within the digital asset space, and we look forward to leveraging our technology and liquidity to support their growth.”

Also speaking on today’s announcement, Jimmy Nguyen, Founding President of Bitcoin Association, the Switzerland-based global industry organisation that supports Bitcoin SV, commented:

“Bitcoin Association welcomes the addition of BSV support by digital asset businesses that comply with applicable regulations and prioritise operating in a transparent manner, demonstrable qualities of both Beaxy Exchange and Fabriik Markets. With a U.S. base of operations and a strong international reach, Beaxy Exchange are an ideal partner to work with Fabriik Markets to expand the fiat on-ramps for and accessibility of BSV in the U.S. and around the world. I wish both businesses well for the future of their partnership and look forward to their contributions to the ongoing Bitcoin SV growth story and to advancing a more lawful digital currency industry.”

PrimeXBT: A bitcoin-based margin trading platform with a lot to offer (2020 review) 15774

PrimeXBT

PrimeXBT is a Bitcoin-based multi-asset margin trading platform that, while built on the foundations of the traditional market, is geared towards diversifying advanced trading tools, instruments and products. The platform allows its users to operate with more than 50 trading pairs, with leverages that can reach 100x in Cryptocurrencies and up to 1000x in other trading instruments, 24 hours a day.

This large number of trading instruments, as well as its high leverage, makes it stand out from many similar platforms with more time in the market such as Binance or Bitmex. It is important to note that, when choosing a trading platform like this, there are many variables that we must take into account, since not only the variety or quantity of products and instruments guarantee their quality and effectiveness.

Next, we will review this platform and discuss the advantages and disadvantages of trading with it.

PrimeXBT Overview

PrimeXBT is a margin trading and trading platform, founded in 2018 in the Seychelles Islands, which also has offices in Saint Vincent and the Grenadines and Switzerland. It enables its users to trade with leverage in Bitcoin, other cryptocurrencies, and a wide variety of traditional financial instruments ranging from currency markets to precious metals.

In addition, it offers its users other elements including its friendly interface, a simple registration process (not KYC) that only requires an email, multiple languages ​​(including Spanish), high levels of security, very low commissions and a great liquidity.

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Recently PrimeXBT was voted the best Bitcoin margin trading platform in the ADVFN International Financial Awards 2020, it was also awarded as the best cryptocurrency trading application and the best Forex and Cryptocurrency broker.

Trading tools

PrimeXBT has a set of trading tools and features that make it a high-level and competitive option, supported by elements such as high leverage, risk management tools, and much more.

The platform offers 100X leverage on Cryptocurrency trading pairs such as Bitcoin, Ethereum, Litecoin, Ripple, and EOS, as well as up to 1000X leverage for the currency markets (Forex), stock indices, and commodities.

Additionally, the platform allows you to place advanced Stop Loss, Take Profit and OCO orders, to adjust our trading strategies and at the same time manage risks without neglecting profits.

It also features charting tools such as trend lines, support, and resistance, multiple technical analysis indicators such as the Relative Strength Index, Ichimoku Cloud, MACD, and Williams Alligator, and integrated charting software.

The fact that the platform allows the opening of both long and short positions makes it possible for its users to obtain profits regardless of whether the market is high or low.

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Instruments

While the central focus of the platform is Cryptocurrency trading, it also offers its users the ability to trade a varied list of traditional assets such as currencies, commodities, and stock indices.

These are the instruments and trading pairs that can be traded on PrimeXBT:

Cryptocurrencies
Bitcoin, Ethereum, Waves, Litecoin, EOS, and Ripple.

Pairs: BTC / USD, ETH / USD, ETH / BTC, LTC / USD, LTC / BTC, XRP / USD, XRP / BTC, EOS / USD, EOS / BTC

Currency markets
US Dollar, Euro, Gold, Silver, Australian Dollar, Canadian Dollar, British Pound, Japanese Yen, Turkish Lira, New Zealand Dollar, Singapore Dollar and Russian Ruble.

Pairs: AUD / CAD, AUD / CHF, AUD / JPY, AUD / NZD, AUD / USD, CAD / CHF, CAD / JPY, CHF / JPY, EUR / AUD, EUR / CAD, EUR / CHF, EUR / GBP, EUR / JPY, EUR / NZD, EUR / SGD, EUR / USD, GBP / AUD, GBP / CAD, GBP / CHF, GBP / JPY, GBP / NZD, GBP / SGD, GBP / USD, NZD / CAD, NZD / CHF, NZD / JPY, NZD / SGD, NZD / USD, USD / CAD, USD / CHF, USD / JPY, USD / RUB, USD / SGD, USD / TRY, XAG / USD, XAU / USD

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Commodities
WTI Crude Oil, Brent Oil and Natural Gas.

Stock indices
Dow Jones, Germany 30, Europe 30, NASDAQ, France 40, Spain 35, S & p 500, Nikkei 225 and Australia 200.

This great diversity of instruments reflects a point in favor of PrimeXBT over its closest competitors such as ByBit or Binance, which despite managing multiple instruments do not have a variety of options to trade as diverse as this, despite the fact that in the section cryptocurrency exchange Binance has more pairs to trade.

Deposits and Withdrawals

The PrimeXBT platform is based on Bitcoin, so all deposits are made with this currency and can be from 0.001 BTC. This makes the deposit process much easier by only requiring you to send the funds to the platform’s wallet, where with two confirmations you will already credit the amount.

Likewise, the withdrawal process is quite simple due to the use of BTC and only the address of the wallet that will receive the funds must be entered. The platform allows you to make a withdrawal per day, which is processed from 12 to 01 pm GMT and its commission is 0.0005 BTC.

Any withdrawal requested before 12 pm GMT is processed that same day. Likewise, any withdrawal request made after 12pm GMT will be processed the next day.

Since PrimeXBT uses hot wallets for immediate withdrawals, withdrawals for large amounts may take some time, as they may not have the amount in them and must withdraw from their cold wallets to complete the operation.

Commissions, Fees and Limits

The platform handles only two types of commission, per operation and overnight financing. The latter is applicable to leveraged operations that are kept open at night. Thus, if a user opens and closes a position with leverage during the day, he would only have to pay the commission per operation.

The fees for operations with Cryptocurrencies are 0.05%. Those of other instruments such as stock indices, raw materials or metals are 0.01% and those of currency markets or FOREX are 0.001%. The daily financing interest rates for Long or Short position are shown in the following table.

Regarding the limit of operations, PrimeXBT establishes a restriction on the size of the positions that a user can open, depending on elements such as the liquidity of the instrument, its volatility and other market conditions. The platform will not allow users to place orders that exceed the limit if they are executed.

In margin trading, PrimeXBT will lower the leverage limits for those traders who have more exposure to the market. Leverage limits based on position size. As you can see, larger positions will require more margin and thus reduce your exposure and consequently risk.

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Privacy & Security

PrimeXBT has banking-level security protocols that guarantee the security of its users’ funds. It uses Cloudflare to protect against DDoS attacks, SSL encryption that encrypts all information sent to the platform, two-factor authentication, and address whitelisting.

To store user passwords, Prime XBT claims it uses the “Bcrypt” algorithm, which prevents reading them even if a hacker had access to the exchange’s servers.

The vast majority of the platform’s funds are stored in cold wallets, which because they are offline represent an additional security measure. The hot wallets used by PrimeXBT are used for withdrawal operations and immediate payments, so the funds in them are limited.

On the other hand, in case of moving funds from a cold portfolio to a hot one, the authorization of several people will be needed, since they have a multi-signature access system.

Because the platform is non-KYC and does not require detailed personal information in its registration process, there is no risk of exposing the identity of users of the platform.

PrimeXBT Turbo

Recently PrimeXBT launched a new trading option called PrimeXBT Turbo, a Bitcoin contract that offers a binary options-like experience with greater speed and simplicity.

This product allows users to choose between upload or download contracts, with durations of 30 seconds, one minute and five minutes. While this option allows the profits of its users to multiply quickly, it also offers a high potential risk of loss.

Users can try PrimeXBT Turbo through the use of a demo account with 1 BTC, to trade without any risk and put this new product to the test.

Covesting Module

Another of the most recent PrimeXBT innovations is its new Covesting module, a product that is the result of the partnership between the financial software company Covesting and PrimeXBT that allows copy trading.

Copy trading allows inexperienced users to connect with experienced traders as followers. Then, they can copy the strategies and operations carried out by the expert traders, creating a kind of beneficial synergy for both, since the expert trader will get a percentage of the profits from his followers.

Followers will be able to trade with any experienced trader and strategy of their choice, based on the statistics supplied daily by PrimeXBT and even get a percentage of the profits generated by the creator of the strategy.

It should be noted that even an expert trader can generate losses, so it is important to be careful and attentive to the use of risk management tools when trading.

Aplicación Móvil

For users who want to review and carry out their operations from anywhere without depending on their computer, PrimeXBT developed its mobile application for Android and IOS.

This application offers functionality very similar to that offered in its traditional version of a web browser. It allows a comfortable management of the accounts and an easy execution of the operations. However, the first and most comfortable option to operate is the web version of the platform.

Support and Customer Service

PrimeXBT has a customer service and support system that is available 24 hours a day, 7 days a week. Here, users can access multiple options such as live chat, email, and help desk.

It also has an extensive library of tutorials, video tutorials and trading guides, an innovative Telegram Bot that allows its users to get up-to-date information without having to log into their accounts.

Referral program

PrimeXBT has a four-level referral system that allows its users to obtain additional income from the commissions generated by the trading of their referrals. In addition, it has created a CPA referral program where people with high influence and followers, youtubers, influencers or webmasters can obtain even greater benefits.

Interested users have an easy-to-share reference link and allusive material to promote the process.

Advantages and Disadvantages
Among the main advantages of using PrimeXBT are:

  • Wide range of financial instruments. Being able to trade both crypto and traditional markets with a wide variety of instruments is definitely PrimeXBT’s main distinction.
  • Anonymous accounts. The simple registration process without KYC protects the privacy of users.
  • Security of funds. The platform provides strong banking-level security procedures to its users.
  • 100x leverage in crypto. While leverage enhances profits, it also does so with losses, so caution in its use is highly recommended.
  • Tools for trading. A robust offering of graphical and risk management tools makes trading easy for newbies and professionals.The main disadvantages of the platform are:
  • Recent creation. Despite its good reputation in the market, it has only been in operation for two years.
  • No client for PC. This prevents your users from operating without using the web browser.
  • No API functionality. Prevents users from programming their own bots or algorithms for automated trading.
  • Restrictions on use. It cannot operate in some countries such as the United States, Canada, Israel, Japan, Algeria, Ecuador, Iran, North Korea, Sudan, and Syria.

Conclusion

PrimeXBT is a solid and very complete platform that offers a wide variety of instruments to trade. It allows its users to diversify their operations, hand in hand with an easy-to-use interface, offering advanced and even professional tools.

Its high leverage and competitive rates, added to its advantages outlined above, make it an excellent option for any user, whether novice or professional, and these in turn make it stand out from its closest competitors.

How One Crypto Player’s Winnings have Reached $275k at CryptoSlots in Two Years 18797

CryptoSlots

Ever wonder if players really do get lucky from crypto casinos? Maybe not all, but we found one CryptoSlots casino player whose winnings have added up to a substantial $275k in wins in just two years of playing ($276,200 to be exact). David C is from California, and wisely started investing in Bitcoin in 2016 – in 2018 he decided to play at Bitcoin casinos with some of his savings, and the rest is history. Read our interview with him below.

Bonus code COINAD100 is valid for 100% match on deposits $25 – $500 until Dec 31st, 2020.

Do you have a strategy?
I only put in what I got out of crypto investing, I don’t play for hours on end – you have to be smart. I won a few thousand on the Jackpot game early on, got a huge win on Olympus High Limit version at one point. With bigger wins I like that I always set the money aside. Quit when you’re ahead.

But a lot of it as learning how the games work. I count the medium wins rather than hold out for bigger ones. And, at CryptoSlots, save up Jackpot Tokens and then play Jackpot Trigger for longer all in one go.

Have you always played online? 
I’ve played slots online a lot before – only been to two actual casinos in my life to be honest with you. You have more control over what you’re doing when you’re online.

What do you like about playing with Bitcoin?
When playing at btc casinos, I don’t have to get my bank involved or wait for payments to come through – I know exactly where my money is at all times.

Last but not least, what do you spend your winnings on?
Well some of it goes back into playing, some I keep in crypto, some I spend. Last year we did a trip around Asia. We went jungle trekking in Malaysia, I got my diving certificate in Indonesia, stayed a few days in Singapore. It was out of this world, such a vacation. We were planning on heading to Norway this winter to see the Northern Lights but, unfortunately, that will have to wait thanks to this coronavirus.

When asked about his favorites among Cryptoslots’ Provably Fair casino games, David said he largely alternates between the slots to diversify his crypto bets. So we took a look at his top ten games over the last six months and analyzed his payback ratio on each:

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Interestingly, the High Limit games seem at a glance to be most volatile – offering the lowest payback ratio (Vegas Vibes High Limit at 72.5%) and the highest (Blazing Wilds High Limit at 179.1%). His standard video slot play produced more reliable wins but less chance of huge paybacks (e.g. Coin Rush at 105.8% and Vegas Twin at 99%).

Of course, it all depends on how much is bet and for how long the game is played. David bet the least on both Jacks or Better and Pyramid Plunder High Limit – maybe his inclinations warned him that luck was lurking elsewhere, maybe he quit too soon and longer gameplay would have increased his payback ratio! A significant win can make the world of difference.

We always ask our players if they believe in luck, and just like David, most of them tell us it depends on the day. For now, it seems his strategies are literally paying off.

If you’re fan of bitcoin casino games, check out Cryptoslots and take advantage of the 100% match using bonus code OURBTCNOV now.

World’s first tradable carbon token is set to democratize access to the most important new asset class for generations 16802

The Universal Protocol Alliance (UPA), a coalition of leading blockchain companies including Bittrex Global, Ledger, CertiK, InfiniGold and Uphold, today launches Universal Carbon [UPCO2], the world’s first tradable carbon token on a public blockchain that can be bought and held as an investment, or burnt to offset an individual’s carbon footprint. With demand for carbon credits outstripping supply by a factor of 4 to 1 in 2020, according to the World Bank, the UPCO2 Token is set to democratize an important new asset class, which could lead to the establishment of a global clearing price for carbon (as today exists for such commodities as oil and gold) and more resources going directly into environmental projects.

Each UPCO2 Token represents one year-ton of CO2 pollution averted by a certified REDD+ project preventing rainforest loss or degradation. Every Token is backed by a Voluntary Carbon Unit [VCU], a digital certificate issued by Verra and other international standards agencies, which allows certified projects to turn their greenhouse gas (GHG) reductions into tradable carbon credits.

“The projects we support through carbon credit purchases prevent deforestation in the Amazon, Congo Basin and Indonesia as well as other threatened rainforests”‘ explained UP Alliance Chairman, Matthew Le Merle. “For a new generation of investors looking for more than mere financial return, UPCO2 offers attractive social, economic and environmental benefits. At a key moment for climate change, UPCO2 allows people worldwide to do good for the planet and potentially do well for themselves.”

Powerful macroeconomic forces underpin the Voluntary Carbon Credit market and, according to some commentators, could drive up prices significantly as more countries introduce regulated CO2 markets, forcing companies to compensate for their pollution. Additionally, a growing number of firms and individuals are choosing to offset their carbon footprints voluntarily.

As with all commodities, prices for carbon credits are likely to fluctuate, but human emissions have grown from 25 billion tons to 55 billion tons between 2008 and 2018, while the supply of voluntary credits has remained broadly flat.

According to the World Bank, in 2020, humanity compensates for just 22% of global emissions through the purchase and retirement of carbon credits, and yet the proportion of countries operating regulated carbon markets has risen from 40 percent of global GDP in 2016 to 70 percent in 2020. The result is a wall of demand that may far outstrip the production of new carbon credits, which is constrained by the slow and expensive process of Voluntary Carbon Project certification.

“This year may go down as the key inflection point for climate change,” said JP Thieriot, Co-Founder of the UP Alliance and CEO of Uphold. “The year it went from far-off issue enshrined in distant accords like Kyoto and Paris, to a palpable threat affecting the lives of tens of millions of people. In recent months, we’ve seen Australia and California on fire, ever more powerful hurricanes, the U.S. president-elect Joe Biden announcing a Climate Administration, and companies such as Apple, Microsoft, and Nike voluntarily committing to carbon neutrality.

“Combating climate cancer is likely to become the dominant economic issue of the next 20 years. The UPCO2 Token allows people everywhere to participate in this hugely important – and potentially lucrative – new market, as well as do the right thing for the planet.”

Voluntary carbon credits, which back all UPCO2 Tokens, offer major economic advantages compared with regulated credits. As dollar-denominated, globally-recognized, fungible and perennial assets, voluntary credits last forever, maintaining option value, until consumed or retired by a company or an individual seeking to compensate for carbon footprint.

“It’s astonishing that there is no single global clearing price for carbon emissions,” said Le Merle. “A non-deliverable, digitally-tradable commodity that’s essential for human activity shouldn’t be traded bilaterally on OTC markets, as carbon credits are today.

“One year-ton of carbon means the same everywhere. As a globally-recognized asset, defined by international standards, a Voluntary Carbon Credit should eventually fetch the same price anywhere.” Mr. Le Merle said, “We believe that the UPCO2 token has an important role to play in democratizing access to carbon credits, which could eliminate price arbitrage and produce a single global price. This was a light bulb going on for me. Combine a digital asset with a rainforest carbon offset and give everyone in the world access. How could that not be a great idea?”

LH-Crypto: the Difference between a Crypto Broker and a Crypto Exchange 20054

Bitcoin

There has been over two years since LH-Crypto, the first crypto broker, entered the market. Before and after that, there have been launched many crypto exchanges that enable people to trade with different digital currencies, so what’s the point of creating a crypto broker? And what’s the difference between it and a normal crypto exchange? We have studied this question and we can share our insights with you.

Let’s start with trading instruments. On a crypto exchange, one can obtain crypto currency and different tokens based on such currencies. LH-Crypto broker has a much wider choice of everything one might need: stocks, crypto, commodities, metals, currency pairs. All of it one can buy or sell from one account, no need to open a special account for every type of assets.

Replenishment and withdrawal

On a crypto exchange, one can operate with only cryptocurrencies, while with LH-Crypto broker, one can open an account and use it for operations with crypto and Euro at the same time. Therefore, one can replenish his or her account not only from a crypto wallet, but also with a bank wire or just a card transaction. And the broker does not charge anything for that. Moreover, if a bank charges a commission for card transactions, LH-Crypto compensates it, so the account is replenished with the full amount charged from the client.

Withdrawal is also available for both a crypto wallet and a bank account. But there is one little thing – one should always use the same method for withdrawal as the one he or she used for replenishment. For example, if one opens an account in Bitcoins, replenishes it from his or her Bitcoin wallet, then it’s not possible for him or her to withdraw funds to a credit card.

Also, it is important to note that there are two ways to withdraw funds from an LH-Crypto account: manual and automated. Automated withdrawal is fast and convenient. A client just needs to fill in a form in their Client Area on the site, and the funds are withdrawn instantly. The only drawback is that the daily limit is 500$. For a larger amount of money, one will need to fill in a paper request, sign it with his or her own hand, upload a scanned copy to their Client Area; in a couple of days the request is checked and approved by the Finances Department: this is when the client finally gets the funds. This is done solely for the safety purposes, so there is no objection to this policy of LH-Crypto.

Verification

Exchanges have rather strict policies in verifications of their new clients. For registration, one normally needs to go through a time-consuming procedure, which includes but may not limit to providing personal documents, uploading special photos or videos with the client’s face and other peculiar requirements from different exchanges. After all the manipulations have been finished, one still needs to wait till his or her account is verified, which may take up to several days.     

LH-Crypto exchange enables a client to register without providing any personal data, only an e-mail. However, that only works for crypto accounts and for one service type – Start. A Euro account or more advanced tariffs – Standard or PRO, which have lower commissions and higher daily limits for withdrawal, – will demand going through a KYC procedure. Know Your Client is a verification system that includes checking basic documents – a passport or any other ID that has a photo and a special number on the same page, like a driving license. Verification will not take much, just up to 48 hours.

Leverage

The broker provides much higher leverage than exchanges. It makes trading more easily accessible for everyone. The higher is the leverage, the less are the funds that a client needs to invest at first. But higher leverage also means higher risks; to control them, one needs to make sure if there are enough funds on the account. To lower potential risks, LH-Crypto broker adjusts the leverage automatically, so that the leverage level was perfect for every account size and every service type.

Shorting

Another peculiar feature that makes a broker stand out. All exchanges are designed so that only its clients can buy or sell assets there. Usually, there are not too many clients, so if an unpopular coin loses liquidity and its price goes down, it can be hard to find a buyer. Meanwhile, brokers provide a purely speculative income, so it is possible and even simple to earn not only from growth, but from falling prices as well.

Moreover, the technologies used by brokers allow one to turn on special programmes to influence his or her trading, like trading advisors or robots that analyse the technical data and help find the best moments for coming into the market and opening an order.

To conclude, it is also important to mention another nice feature of LH-Crypto broker – it often offers different bonus programmes with up to +200% as a gift for opening or replenishing an account. And even though at this particular moment this offer is not active, LH-Crypto announced that soon it will start other bonus programmes.