Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Coinmerce Cryptocurrency Exchange – Trade Crypto From Anywhere
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Today, roughly 5.4 billion people, or 60% of the global population, are digitally connected, and this connection is happening mainly via the internet through mobile devices. The digital world rapidly shifts from desktop/laptop to mobile transactions. Projects that can leverage this change will create huge opportunities in days to come. In our endeavor to find projects exploring this space, we came across a project that envisions leveraging future mobile-based digital storage, transactions, and trading, thus creating a decentralized community-driven eco-system: Coinmerce.
How Does Coinmerce Stand Out
Based in Amsterdam and less than two years since its launch, Coinmerce has already become a leading trading platform and is gradually spreading its wings across Europe and subsequently across the globe. Coinmerce created a decentralized trading platform where users worldwide can exchange their cryptocurrencies in a borderless transaction in seconds. This platform’s biggest feature allows conversion from cryptocurrency to Fiat currency directly into the customer’s chosen account and vice-versa without using multiple platforms and exchanges. This helps users save time and transaction fees and substantially reduces the hassle. The platform currently has six payment methods available on its platform: EPS, GiroPay, Soford, iDeal, Bancontact, and SEPA.
Here Are a Few Reasons Why Coinmerce Is Unique
Manage on mobile: Most business analysts feel mobile is the next device for most shopping and financial transactions. Coinmerce is well placed to leverage this domain. They have created apps for both iOS and Playstore. The app acts as both wallet and a trading platform, making it very convenient for the users. This makes trading very convenient, as users can log into the app from anywhere and execute their trade.
Store of wealth: With thousands of projects around, it becomes challenging to manage a diversified portfolio requiring different wallets. With Coinmerce, users don’t need to download and manage multiple wallets, as all their digital assets can be stored in a single application. This makes it very convenient for the users to build and manage a diversified portfolio and make better decision-making as the complete holding portfolio is available in a single view.
Helps pick the right Assets: Eventually, wealth is what everyone aspires for; however, with more than 4000 coins, it is difficult to pick which will survive the test of time and which one will disappear into oblivion. The ongoing bear market has been a litmus test, which main coins have failed to pass. The challenge is to identify coins backed by a working product, have limited supply, have a distribution plan well spread out – control inflation, and, most importantly, have future growth opportunities. The in-house expert team of Coinmerce does extensive due diligence before listing a coin on its platform. Thus, you can be confident that the coins they find on the platform are relatively safe compared to fly-by-the-night projects that have duped many investors.
Ease of use: As with the vision of Coinmerce, ‘To make it possible for everyone to trade in cryptocurrencies,’ the process is super easy to understand and execute. One doesn’t need to be a blockchain expert to use the platform. This important aspect will eventually help in spreading crypto mass adoption. A new user can create an account free in just a minute or so. The platform has three levels of verification to meet the salutatory AML guidelines. A higher level of KYC allows users greater daily and weekly trading limits.
Range of Coins: The coins available on the platform are increasing by the day. There are 117 coins available on the exchange, which is expected to increase further in weeks to come.
Knowledge: In its endeavor to spread mass adoption, the Coinmerce team has a focused approach toward spreading free knowledge and awareness for its community. From the basics of blockchain to coin-specific information, all are available in its repository and are constantly shared with the community through mailers and articles. Also, a comprehensive FAQ section on the portal covers various aspects of the complete industry.
Notifications: In the world of trading, timely information is critical. You can set customized triggers and receive instant updates through push notifications on the app, thus enabling them in timely decision-making. In addition, the platform provides multiple communication modes, including Whatsapp, Telegram, Twitter, Facebook, email, etc., for instant query resolution.
Security: Security is one of the most important aspects of storing or trading digital currencies. Coinmerce has deployed the latest prevention systems to protect assets from external attacks. Further, users can enable mail verification and 2FA to strengthen the security of their assets.
To top it off, there is also an in-house stable coin – Coinmerce Coin- backed by 1:1 Euro, thus providing further stability to the platform.
Closing Thoughts
Btc
Bitcoin
$62.547
price
price
0.84959%
price change
The platform is perfectly positioned to leverage mobile penetration in internet growth. The faster they can reach the masses, the faster they record growth. So the future holds huge potential to grow.
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Debasish Das
@deba
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