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Showing posts from January, 2021

What is LocalBitcoins?

  LocalBitcoins is the world's leading peer-to-peer Bitcoin exchange where users trade Bitcoins directly from each other eliminating the third party.  LocalBitcoins is started in Helsinki, Finland, in June 2012. LocalBitcoins is one of the oldest Bitcoin exchanges and as of August 2016, LocalBitcoins has more than 1 350 000 registered users from 249 various nations trading $14 000 000 value of BTC every week. The exchange posted annual revenue of €26,2 million, a rise of 10 percent from 2018, and an annual operating income of €17,6 million. The LocalBitcoins has extended its anti-money laundering and know-your-customer (KYC) regulations", in 2019.    The growth of LocalBitcoins in the year 2019 LocalBitcoins has 1,46 million new traders on the exchange platform LocalBitcoins has a trade value of €2,48 billion worth of trades on the exchange platform. The volume of 15,6 million trades There were 913 thousand active traders on the LocalBitcoins exchange platform. The cryptocurre

Why begin exchange like paxful?

Paxful Exchange Overview Paxful started by Ray Youssef, and Artur Schaback was named as EasyBitz in 2014. Following it was named Paxful in 2015, and the purpose of paxful exchange is to ease the convenience of bitcoins for all sorts of personalities. The paxful exchange is one of the trusted and popular crypto exchanges enabled with an escrow system. What makes so special in Paxful exchange? Paxful reported its bitcoin trading volumes escalated 35% to $1.1 billion during the first half-yearly of 2020 related to $817 million in 2019. More than $182 million worth of bitcoin (BTC), on average, was traded on the platform, it stated. Nigeria, U.S., Ghana, India, and Kenya led the growth, with emerging markets rising fastest. Presently Paxful has accumulated 4.5 million users and reached a total $4.6 billion trading volume for BTC as it started services in 2015. The average trading volume five years ago was $45 and presently having twice that trading volume varying at $102.  Starting a P2P c

What is Unique in Uniswap Exchange?

  Centralized exchanges are the backbone of the cryptocurrency business. Centralized exchanges allow fast pay times, high trading volume, and improved liquidity. Still, there’s a laterally new type of market built in the form of trustless protocols. Decentralized exchanges (DEX) need no agents or escorts to help with trading. More Blockchain developers are involved in building a decentralized exchange alternate to the centralized exchange. The Uniswap is one of the popular decentralized exchange protocols.   What is Uniswap? Uniswap is open-source software. Uniswap is a decentralized exchange developed on Ethereum Blockchain. Uniswap has an  automated liquidity protocol, and  no order book or any centralized party is required to execute trades. Uniswap allows users to trade without delegates, with a high degree of decentralization. Uniswap runs with a model that involves liquidity providers creating liquidity pools. This system provides a decentralized pricing mechanism that truly sm

Why start a Peer Peer Cryptocurrency Exchange?

  In the current scenario, the Bitcoin price is increasing extensively and it paves the way to the substantial emergence of Cryptocurrency Exchanges globally. Launching a cryptocurrency exchange would be a futuristic business plan in 2021 What is P2P Cryptocurrency Exchange? Peer to Peer cryptocurrency exchange is a platform where the users can exchange their cryptocurrencies without any third party interference on their transaction.   The user can decide who they want to exchange their cryptos with price values. Why to start Cryptocurrency Exchange? In January 2021, the Bitcoin market cap reached a high and had grown by over 400 billion U.S. dollars. The market capitalization currently sits at more than 600 billion U.S. dollars. The exponential increase in demand for cryptocurrency has paved for crypto exchange emergence.  Cryptocurrency is a virtual currency that allows users to trade their currencies in a decentralized manner by eliminating the dependency on organizations like bank