Bitcoin Wallet Market Analysis Key Players Xapo, ANXPRO

About trading bitcoin for GBP...

I’ve noticed the same questions begin asked in BitcoinUK/ again and again. I’ve some experience of trading cryptos in the uk, so here’s a brain dump of what I’ve learned.
BE WARNED: things change quickly and this stuff will be out of date before long. I’m writing in August 2017, by November it’ll all be different
BE WARNED: don’t take any of the below as fact - it is opinion, my opinion, and you don’t know me, I could be a crazy person. Check your shit before you do anything.
ok.
Transferring funds to an exchange
The cheapest (and sometimes only) way to transfer funds to an exchange is via an international bank transfer (sometimes called bank wire). Each exchange has its own quirks, you need to do a bit of research before you begin. Most exchanges that have GBP markets will not have UK bank accounts (none possibly), even if they’re based in the UK. I’m not sure why - some are UK registered companies and are based in London, but still don’t have UK bank accounts. It seems weird but it’s quite common. I can only assume the crappy UK banking system refused them business. Don’t be afraid of international bank transfers, they aren’t necessarily difficult or expensive.
So, some things to check for you start transferring your hard earned cash…
Be patient. What you will find is that the 1st international payment you make to any one exchange takes a long time. If they say something like “up to 5 working days”, it will be at least 5 working days. After that first one is out of the way payments can arrive same day, within a couple of hours sometimes. However, note that the international banking system shuts down for the weekend. From experience, if you need to make a payment on Friday, make sure you make it before 10am on friday morning else it’ll be stuck until monday. I think the bankers basically go to the pub for lunch on Friday, forget their way back, and just stumble into another pub.
If you want to make a payment via a debit card, thats also possible on some exchanges. Same set of warnings apply as above; make sure you understand the fees, the exchange rates and the timescales. They almost all have a link from their homepage to their fees page. If an exchange isn’t clear about their fees don’t use them, simple as that.
If you’ve found an exchange that doesn’t seem to have a KYC (Know Your Customer) policy and will let you transfer funds without any sort of ID check, don’t do it. Don’t be tempted to use them because it feels like an easy option. STAY AWAY. Similarly if they don’t offer 2FA, don’t use them. Make sure you activate 2FA immediately, like the very first thing you do after registering. I believe the current advice is not to use Authy, but to use Google Authenticator (despite how shit it is). Also, turn on email login notifications (despite how annoying they are).
The Non-banks (Transferwsie, Revolute etc)
As far as I know exchanges will typically not accept payments from these “non-bank” entities. It’s due to their KYC and AML (Anti Money Laundering) policies. The problem is that the money you transfer will go to (or come from) a bank account that isn’t in your name, which just isn’t allowed any more, and for good reason.
I know that Transferwise now offers a personal EURO account which comes with it’s own IBAN. And I think Revolute offers both personal GBP and EURO accounts (although the euro IBAN just doesn’t work at all). But I don’t know if those accounts are in your name and the banking level, I suspect not. I’d be really interested to know if anyone has successfully transferred funds to or from an exchange to one of these “non-banks”. I know that some exchanges have explicit policies against these organisations and say that they will reject your payment, which will cost you time and no doubt money.
Interestingly, Revolute is becoming a crypto currency exchange soon. More on that another day maybe.
Transferring funds from an exchange
Same principals as above really - do your research first; check the fees, check the exchange rates and expect the first ever payment to be VERY, VERY slow, like super slow, more than 5 working days, weeks maybe (i’m not joking). I’ve noticed that payments from an exchange to my bank account will almost always take longer than payments from my bank account to an exchange do. Also, an intermediary bank may be involved (what ever that is), and they’ll help yourself to some of your money on its way through, so don’t necessarily expect it all to turn up. How much do they take? No one seems to know - check the small print, or don’t bother because it won’t say.
After your first withdrawal from an exchange, international bank payments to and from some exchanges can happen same day.
The Non-banks
Making a payment from an exchange to something other than a bank isn’t something I can comment on. I am trialling Crypto Capital, on the surface it seems like a good service, but will refrain from giving my opinion just yet.
The exchanges
I’ll limit this bit to those exchanges I’ve found that have GBP/crypto markets…
** ANXPRO - rating: 3/10 Based in HongKong. In summary - expensive, slow, a bit crap, but sometimes with good prices.
From time to time good prices can be found on ANX for selling BTC for GBP. You can’t deposit funds though, you can only withdraw. So for buying BTC with GBP you might as well forget them, but for selling it can be worth while.
The BTC/GBP market is not very liquid as you might expect for a Honk Hong market trading GBPs and the large spread can sometimes mean crappy prices. I have seen good prices here, but not often.
Withdrawing funds typically takes exactly 5 working days (occasionally it’s 2 but that’s rare). Often a bit of money disappears on its way (12GBP last time I checked) due to those pesky “intermediary banks”. Their withdrawal fee’s are high but are easy to understand and calculate.
The trading fee is I think the highest I’ve seen (0.6% last time I checked) for market takers, but less for market makers. I guess they’re trying to encourage market making… although their market maker fee isn’t great either. And there are no discounts available for high volume traders.
They have a reasonable API, and the exchange doesn’t seem to suffer from many planned or unplanned outages.
Their support is also reasonable, they usually reply within a couple of days which is WAY better than most.
My confidence in the exchange in general isn’t high at all. Sometimes crypto deposits simply don’t arrive (I’m not joking). If you’re a busy trader making lots of crypto funds movements, make sure you check that each and every transfer has arrived. If funds don’t arrive you have to raise a support ticket, maybe include a link to show the crypto network transaction taking place, and some days later your funds will appear. Red flag? You bet.
Their AML processes were ok as I recall.
** Kraken - rating 2/10 Based in Japan. In summary - a bit pointless.
Possibly I shouldn’t have included Kraken here as they’ve just delisted their GBP markets (temporarily maybe). Interestingly they did this by giving ZERO notice to their customers which is a bit unforgivable.
Their technology is clearly appalling. The website is crazy slow, sometimes unreachable, weirdly designed (IMO) and just not that easy to use - mostly because it’s so slow. They have an ok API but it’s completely unresponsive at times. It’s not uncommon to get errors when placing orders so you’ve no idea if the order was placed or not, same goes for cancelling orders, order books can take minutes down download and are basically fictional. Red flag? Oh yes.
GBP deposits are cheap (10GBP last time i checked), and from memory quite fast, I think I’ve had them arrive same day. Maybe the Japanese banking system actually works? Withdrawals aren’t so cheap though (60GBP I think) and not very fast, certainly not same day.
Support is not great, but ok I guess. I feel like responses come in 3 to 5 days, and they actually attempt to answer your question.
Their KYC/AML process is very thorough. There are 4 levels of verification, it like a shit game.
Their trading fees are reasonable and they do have discounts for high volume traders.
** CEX.IO - rating 7/10 Based in the UK I think. In summary - the best place to buy crypto currencies with GBP (IMO!).
GBP bank transfers to the exchange are free, and they support Crypto Capital which is also free for inbound transfers. You can also deposit GBP via a VISA or master card, although it’s very expensive (I wouldn’t bother personally) but I assume much faster than a bank transfer. Their bank isn’t UK based so its another international transfer and takes the usual amount of time (i.e. some days).
GBP bank withdrawals are also cheap (30GBP), they even offer a withdrawal to a VISA debit card for only 2.90GBP. They do have strict limits on what can be withdrawn though, so if you’re a big trader it may not be suitable, (I think its suitable only for small time traders). Strangely they charge 1% for crypto capital withdrawals which makes no sense. I’ve checked the Crypto Capital fees page and can’t fathom why CEX have chosen to add this fee, it seems crazy.
As mentioned above, your first withdrawal to a bank account (or other payment provider) will take FOREVER, like two weeks or more. They don’t really explain this adequately in my opinion.
They have a small number of markets (BTC, BCH and ETH) but are expanding these slowly. And you can trade with other FIAT currencies as well.
Support is bad. Slow to reply, and you’ll get a stock response. Almost no effort is made to answer your question. Time between replies is several days if you get one at all.
The API is good, the website is fairly easy to understand, responsive and uptime is excellent.
Their KYC/AML process is very thorough. Weirdly I’ve had to do it twice, the second time was via email which didn’t feel at all secure. Why are the exchanges still using email for this stuff?
Their trading fees are reasonable but they don’t have any sort of discounts for high volume traders.
*** Coinbank - rating 5/10 Based in… well that’s unclear - Scotland? Belize? In summary - crazy high fees.
Deposit fees for GBP are actually zero, but withdrawal fees are way too high for both FIAT and crypto currencies. Any exchange that charges percentages for withdrawal fees (as opposed to a fixed value) should be treated with great caution. Trading fee’s are also very high.
As usual, their bank isn’t UK based so you’re looking at days to make a deposit, and many days to make a withdrawal, but as you’ve probably realised by now that seems to be the norm.
Their API is ok (the order book appears to be partly fictional) and the last time I checked the API was changing - maybe they’re still building it. The website is fine I guess. It’s quick enough and doesn’t seem to suffer from that much of planned or unplanned downtime. I don’t like dark backgrounds though and I don’t think you can change it, but that’s just me.
They don’t have many markets but do support most major crypto currencies. Interestingly they have some pure FIAT/FIAT markets which is something I’m beginning to see more of. The GBP markets aren’t very liquid either, so sometimes the spread is high which means the prices are pretty uncompetitive. Occasionally though someone comes in with a massive order so you’ll maybe get lucky and get a good deal.
It’s a while since I used their support (i’ve stopped trading because of the fees), but I recall it wasn’t great. My last ticket ended with something like ”a member of the tech team will get back to you”, and that’s the last I heard from them.
They appeared to have adequate KCY/AML procedures. They don’t offer any discounts for high volume traders.
** Coinfloor - rating 6/10
Based in the UK (but you guessed it, with an overseas bank account). In summary - a good all round exchange!
I think they pride them selves on their security and suitability for being regulated (and I hope the succeed). I like coinfloor.
They have a slightly unusual business model in my opinion. They charge a deposit fee and a withdrawal fee, but they don’t charge a trading fee. It didn’t used to be the case, and I guess may not be in the future. The fee’s are competitive though, certainly not high.
Support is excellent, probably the best I’ve encountered. Someone usually responds same day and they even read your question and attempt to be helpful with their answer. Amazing.
The website is a pretty basic no frills affair. It certainly won’t make your laptop sound like a hovercraft unlike some. One thing to mention is that you can only withdraw crypto funds to a single wallet (per currency) and that wallet must be a personal wallet and not one on another exchange. I doubt they can enforce where that wallet is, but it certainly against their usage policy.
Until recently you could only trade BTC here, but they’ve now added support for more currencies. They didn’t do it very well though, you can’t withdraw the new currencies, and they aren’t supported by the API.
The website has suffered from some long outages which were definitely unplanned. The API is mostly good though, stable, reliable and easy to use.
They do have discounts for high volume traders and their KYC/AML procedures were good as I recall.
** GDAX (aka Coinbase) - rating 5/10
I wasn’t going to mention GDAX because GBP deposits aren’t an option. However, as it’s such a large exchange it’s worth mentioning. In summary - good but a bit pointless.
GDAX does have one GBP market but getting into it isn’t very easy. You can’t deposit GBP funds into the exchange but you can sell BTC for GBP, sometimes at good prices too. You can register a UK bank account but using it is complicated - better to look at their docs rather than have me do an bad explanation. Ultimately, if you send them GBPs I think you’ll be credited with EUROs.
The fee’s are ok (but complicated), their technology is good. I don’t recall their KYC/AML procedures.
They have 2 websites confusingly; GDAX is aimed at traders and Coinbase is aimed at people who want to occasionally buy and sell. I guess Coinbase is just a simple front end for GDAX. The API is the best I’ve seen.
They have discounts for high volume traders.
In summary
I’m sure there are other GBP markets out there, and I’ll update this post when I have an opinion on them. For now though, if you want to buy crypto currencies for GBP, you best bet in my opinion is cex.io. You’ll find good prices, good market depth, a small spread and enough currencies to get you started. Support is crap (but that’s the norm), but both deposits and withdrawals are cheap and reliable, you just need to be patient. If you aren’t patient however they at least have an expensive & fast option for you and that is to buy with your debit card.
submitted by fakeyfaky to BitcoinUK [link] [comments]

A call to end gatekeeping in Asia’s crypto community

A call to end gatekeeping in Asia’s crypto community

https://preview.redd.it/9yzwv59fhco11.png?width=690&format=png&auto=webp&s=a8310c5d28b80eefb7223dddf49b0873fc0f85df

The crypto community is just not a friendly bunch; We like playing the guard at the gate

There’s a contradiction at the heart of Asia’s cryptocurrency community that few people have acknowledged, much less addressed: While cryptocurrency enthusiasts want digital currencies to succeed, their behavior toward beginners — the people needed for any coin to reach critical mass and adoption — is generally apathetic, if not outright hostile.
You can witness this gate-keeping on any online forum, first-hand if you so dare. Pose any question that a beginner might ask — such as where you can buy Bitcoin, whether X coin is a sound investment, or how to safely store your digital currencies — and you’re sure to receive an avalanche of answers, most unhelpful and many sarcastic.
Some might argue that such a response is well-deserved, since the vast majority of these inquiries can be answered with a simple Google search. But the same could be said of any intro-level questions related to most tech fields, and many of them still boast of online boards, forums, and communities that are beginner-friendly, as experts understand that many novices like getting information directly from trusted peers rather than search results. There is thus no other way to put it: The crypto community is just not a friendly bunch. We like playing the guard at the gate.
Gatekeeping is crypto is problematic because the tech still has such a long way to go. To this end, a study by Invest in Blockchain found that 64% of cryptocurrency projects do not have a working product, while less than 1% of people in the world own any cryptocurrency. Crypto, in short, is at this stage more still an idea than it is an actual innovation. For companies to succeed in creating viable coins and crypto products, and for consumers to use and adopt them, the community, as it stands now, needs to change its orientation toward beginners.
We need to be more welcoming toward anyone who has an interest in crypto, operating under the understanding that people who have little-to-no understanding now may grow to become key stakeholders. The developers new to blockchain and crypto tech may one day create an important industry innovation. The consumers who want to invest in a digital currency today may one day be the largest backer of another coin in the future. The individuals still learning how to store their coins now may one day be important power users and ambassadors tomorrow. And even more important than the individual contributions that newcomers will inevitably make, as a whole, a rapidly growing community will show that crypto will indeed change the world.
Also read: For crypto and blockchain to get mainstream appeal, we need to look beyond our own closed communities
A community, of course, cannot change overnight. How we act, speak, and teach beginners — or “newbs” as they are still often disparagingly referred to — is deeply ingrained. What we can do now is take the time to introduce anyone in our own personal social network with an interest in crypto through a virtual and real-world tour of its imprint in Asia. This ask is at least easier than helping strangers online, as we have an immediate connection and a vested interest in winning them over. It would be akin to a Googler showing a friend around the Googleplex in Mountain View: You want them to believe.
Fortunately, Asia’s cryptocurrency community is thriving: There are many successes you can point to in order to orient an interested friend and persuade them to actively participate in the community. For starters, you can help them open a digital wallet and purchase crypto, choosing from the numerous reputable providers and marketplaces there are in Asia, such as ANXPRO (Hong Kong), Coinhako (Singapore), BitoEx (Taiwan), BitBit (Philippines), Bitcoin Cambodia, and many others.
After you help them purchase their first crypto, you can take a step back – much like how the first imperative of the aspiring filmmaker is to hear director commentary or go-behind-the-scenes of an actual production – by showing them how crypto is mined. If you have connections, you might be able to take them to one of the industrial mining operations that dot Asia, most of which are in rural China where electricity is cheap. But you’ll most likely have to show them someone who has a small-scale mining rig, often using miner’s from China’s Bitmain. The sight of miners mining crypto in someone’s living room or bedroom will explain the power of decentralization better than anything else: Cryptocurrency really does portend major changes in how currency is created and maintained.
But the biggest way to ease friends into the cryptocurrency world is by demonstrating that it can be used to transact in the real world. CoinMap provides an overview of places that accept cryptocurrency, but many of these transactions are done manually and are thus clunky. A better bet is to take them to any venue that accepts crypto via a PundiXPOS, which is manufactured by the company of the same name out of Indonesia. They are currently deploying 100,000 of these devices across the world, including FAMA Group eateries in Hong Kong and even Ultra Taiwan 2018.
Also read: How Pundi X plans to help Indonesians buy Bitcoin “as easy as buying a bottled water”
Pundi’s XPOS devices are a strong statement in favor of cryptocurrency because of their ease of use, as they operate much like a normal credit card reader or POS terminal. Consumers just use their XPASS card at the XPOS, and then they’re free to use their crypto to pay for goods or services. This kind of demonstration is important for beginners, as the heart of cryptocurrency, after all, is currency. People are more likely to believe in crypto once they see its utility as a means of payment.

The takeaway

Is it idealistic to expect crypto enthusiasts to help along interested friends or colleagues in their social network? I hope not. The cumulative effect of patiently exposing peers to every part of the industry, from mining, purchasing crypto, and even transacting is substantial. It may win over more people to the community, combat the negativity that our online community often tends to exhibit, and ultimately add value to your own digital currencies as more people adopt and use them. The act of patiently introducing friends to crypto may be one situation, then, where the saying “pay it forward” make take on a literal meaning.
full article: https://sg.news.yahoo.com/call-end-gatekeeping-asia-crypto-community-072239662.html
submitted by crypt0hodl1 to PundiX [link] [comments]

Requiring assistance pls

Hey peeps, I'm trying to get my brother like €10 worth of DC for Christmas (now late but whatever) because crypto is topical and we both enjoy an occasional meme, so it will be funny. Neither of us are particularly technophilic, and it will be my first venture into cryptocurrencies, a good excuse to get to grips with it a bit. We can laugh about it, he can sit on it, and maybe when he remembers it, it will have +50%-ed in value or something. Or not. Main thing, it'll be a nice, thought-through gift.
I'm immediately coming up against the problem that the few main sites recommended by the stickied post and dogecoin.com (ANXPRO, anycoindirect, litebit) are not taking new signups, probably due to the bitcoin blowup of the last 2 months.
Can anyone help out? Is there a list of other places that I could purchase some coins from? (I'm EU if that helps).
submitted by helpusdogetogether to dogecoin [link] [comments]

To raise the price of doge we need to use it! (List of stores/exchanges that will accept doge!)

While I love donating and tipping, doge needs to be spent on goods and services to gain value.
Now I'm not saying we should stop tipping and donating, but we should also spend some more on goods and services! Let the doge flow!
And in the light of doge4water being funded I think we should give ourselves a little present too!! So it's time to buy with doge!
Note: I am not responsible for any experiences or transactions in any of these exchanges or stores. Nor am I affiliated with any of them.
Exchanges:
If you know of any others just PM me them and I will add them as soon as I can
Stores/Donation Sites:
This list is not comprehensive, if I missed anything PM me and I can add it.
Directory/Sites like Ebay or Craigslist:
Again this list is not comprehensive. If you have any more suggestions please PM me
(Some of the stores aren't listed but are on the directories and some sites are listed and on the directories, by the way)
And finally a video for you guys :).
To the moon fellow shibes!
submitted by Moon_Ahoy to dogecoin [link] [comments]

ANXPRO on Bitcoin Cash

Received this email from them:
Dear Valued Customers,
ANX would like to announce that should UAHF choose to increase the Bitcoin block size on August 1, the ANXPRO and ANXPRO customer platform will not support the new blockchain or coin on that date. Due to technical complexities, time and quality assurance needed to implement a second bitcoin ruleset and blockchain we will not be able to meet the date of Aug 1st.
ANXPRO customers who wish to gain access to the UAHF coin should withdraw their bitcoin from ANXPRO by July 30th. Although we will not support additional blockchains at this time, ANXPRO is keen to stay at the forefront of new developments and if there is sufficient market interest in the short term we will consider expanding our coverage at a later stage.”
In addition, as per our mail last week, during the potential fork, ANXPRO will suspend all deposits, withdrawals and trades from the July 31st at GMT 00:01. The service will resume after the potential fork.
Customers that need to access their Bitcoin funds during this outage period should withdraw their Bitcoin funds from our service before July 31st GMT00:01.
Further information on the potential network disruption is available at: https://bitcoin.org/en/alert/2017-07-12-potential-split
We will continue to monitor the situation and provide updates as they come in.
If you have any questions please feel free to reply to this email.
Thanks and Regards,
ANXPRO www.anxpro.com
submitted by xjunda to btc [link] [comments]

Email from ANXPRO: IMPORTANT NOTICE: Potential Bitcoin Network Disruption August 1, 2017

Below is the email I got a few minutes back. Should I withdraw my funds from Bitstamp and Coinbase also?
Dear Valued Customers, There is a potential for Bitcoin network disruption on or around 1st August 2017. As a precaution to protect customer funds, we will cease to process all Bitcoin deposits, withdrawals, and Bitcoin trades from July 31st at GMT00:01, for at least 48 hours. All unmatched Bitcoin orders will be cancelled from Bitcoin order books before trading resumes. In the event a disruption or fork occurs within the Bitcoin network, this outage may be extended to allow appropriate changes to be incorporated into our service offering. Whilst there is some political division in the community, our highest priority is protecting customer​ funds. Customers that need to access their Bitcoin funds during this outage period should withdraw their Bitcoin funds from our service before July 31st GMT00:001. Further information on the potential network disruption is available at: https://bitcoin.org/en/alert/2017-07-12-potential-split We will continue to monitor the situation and provide updates as they come in. If you have any questions please feel free to reply to this email. Thanks and Regards, ANXPRO www.anxpro.com
submitted by hasansaleem to Bitcoin [link] [comments]

Bitcoins Value Proposition by Tone Vays Bitcoin Price Predicted to 2021 260 TIP. Bitcoin Math & Value with Plan B Bitcoin's Real Value After Eleven Years- Is This a Pump and Dump Scam? Full Detailed Review Of ANXPRO Crypto Currency

ANXPRO.COM offers an easy, secure, and affordable platform to buy and sell the Bitcoin crypto-currency. ANXPRO.COM offers a 24 hour online exchange that provides the automated matching of orders “Global Bitcoin Wallet Market”, offers comprehensive analysis into-the key players, size-share, development trends, challenges, opportunities and consumer behavior’s. It provides insight into the growth of value players, as well as looking at new entrants to the market and their growth prospects. Bitcoin Wallet Bitcoin Wallet Market Size, Status, Business Future Scenarios and Brief Analysis 2020-2026 The “Global Bitcoin Wallet Market Report 2026”offers a clear understanding of the subject matter.The report has been gathered using principal and subordinate research methodologies. Both these methods are directed towards cooperating accurate and meticulous data concerning the market Bitcoin Wallet Market 2020 Business Scenario – Xapo, ANXPRO, Wirex, Blockchain, CEX.IO, General Bytes, ItBit, Circle, Airbitz tanmay March 9, 2020 The Bitcoin Wallet Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants ANXPRO carefully assesses security threats, like social engineering, phishing, and remote zero day exploits. “We are looking forward to offering the Aten “Black Gold” Coin for trade on ANXPRO.

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Bitcoins Value Proposition by Tone Vays

Today I take a walk through my price predictions for Bitcoin – not just through 2018, but extending all the way through to 2021. I also give my predictions on the cryptocurrency space as a whole. Established in 2013, ANX is a leading edge financial technology company specializing in crypto-currencies, most noticeably Bitcoin. ANX was one of the first ... Bitcoin Math & Value with Plan B Preston Pysh. ... Plan B. Plan B has become a rising star in the Bitcoin community due to his statistical work he has performed on the stock to flow analysis of ... Bitcoins Value Proposition by Tone Vays 👉 Subscribe so you don't miss the next one: http://bit.ly/2QKVDdV ️ Watching on replay? Watch my latest video here: ... BTC Bitcoin technical analysis and price prediction 2020, 2021, 2022, 2023, 2024, 2025. Where to buy cryptocurrency btc, how to buy cryptocurrency bitcoin? B...

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