Bitcoin Vs Bitcoin Cash- A war between two crypto titans!
Since its inception, there have been umpteen questions surrounding BTC’s ability to scale effectively. Bitcoin is the original cryptocurrency that exists within a network of computers, within the blockchain. But, did you know that on August 1st, 2017, the Bitcoin Network experienced a fork that led to the creation of new crypto called Bitcoin Cash? And today, almost all best crypto coin exchange platforms have listed BCH.
What is BCH?
Bitcoin Cash (BCH) is a cryptocurrency developed via a fork of the Bitcoin network. This means that user who helps BTC at the time of the fork now has an equivalent amount of BCH on the forked Bitcoin Cash blockchain.
Now, the main question is- how is BCH is different than BTC?
At the time of writing, both the BCH and BTC acquired the position of top 10 coins in terms of market capitalization. However, the two are different in valuation- BTC is about 30x more expensive than BCH in terms of practical use.
Below, we explain some of the specific difference between the two by exploring the advantages of each to trade, invest, and shop.
Shopping: The ball is in the court of Bitcoin Cash
Bitcoin is the gold in the crypto world. It holds value well and is universally adopted by other crypto projects. But unfortunately, BTC is quite slow. Transactions usually require two confirmations, each of them can easily take 30 minutes. This makes Bitcoin an erroneous choice for shopping. As nobody wants to wait for an hour each time when they want to buy something. Right?
BCH does a better here. Not only it is faster (transactions take 10 minutes) but its blockchain has processed more transactions per second that PayPal.
So, BCH is a winner here.
Trading: A tie between BTC and BCH
Virtually there is no difference between these two crypto titans in an exchange setting. However, there are two things to keep in mind while trading with BTC or BCH:
- BTC tends to have more coin pairs than BCH.
- BTC tends to have more volume and liquidity. But this does not affect on the BCH traders as Bitcoin Cash is also very liquid.
So, the result here is a firm tie with neither coin coming out on the top of other.
Investing: BTC wins
Next, we have an investment. Between BTC and BCH, which is more likely to retain in volume as time goes on?
As we are aware of the fact that crypto market is extremely volatile. Due to this, the prices of these two crypto coins have actually been instep. During 2017’s crypto boom, both skyrocketed in price. During the 2018’s bear run, the prices dropped very low.
The main difference between them is that Bitcoin has retained its value super fast as compared to BCH.
By and large, both Bitcoin and Bitcoin Cash are excellent options for investing- but, BTC is a little better for its market cap, popularity, high retention rate.
Where you can buy BTC and BCH?
Now as you know that when to use BTC or BCH, start building your crypto trading portfolio with ZedXe! We provide crypto-to-crypto or fiat-to-crypto exchange services on our all in the platform. Here you can use your credit or debit card for trading. To know more about how to buy BTC with credit card, feel free to call our expert.
ZedXe is enriching its portfolio of services by integrating PayOp in its cryptocurrency exchange platform. Now, every use case is taken care of as multiple payment modes are available such as:
As an incubator and leading advocate of blockchain technology, ZedXe is committed to providing a user-friendly, fortified, and scalable crypto exchange site to fueling the future of business. ZedXe’s key advantage is an agreement with a payment system called PayOp that permits it to manage fiat transactions in addition to offering its users competitive fees. Other advantages include a 0 percent deposit fees, 0.01% trading fees, fast verification, user-friendly dashboard, trading view graph, 2 factor authentication, and live support.
Delivering a range of coins on one platform
Operating out of Estonia, the cryptocurrency users can trade on an exchange are Bitcoin, Ethereum, True USD and Zuflo. These cryptocurrencies are also paired with other blockchain-based currencies including, Litecoin, Bitcoin Cash, and Zcash with more to be added in the future. ZedXe promised to reward its first 10,000 registered users with extra ZFL tokens after completing the KYC process.
Earlier, users can only trade on ZedXe with BTC, ETH, TUSD, and ZFL, but now you can also buy and sell digital currency via debit/credit card. You can start your trading on ZedXe with a minimum order size of just 1 ZFL. All the trading operations are secure and easy to carry put both neophytes and crypto pro as we offer cold storage to keep your currency safe.
A Secure Solution to Store & Exchange Cryptocurrency
We provide a secure crypto wallet, which serves a secure place to store your digital currency for future use or transfer the currency to any external wallet. Our crypto wallets are foolproof, convenient, and handy. ZedXe offers zero deposit fee and minimal withdrawn fee when it comes to withdrawing crypto coins from the wallet.
ZedXe believes PayOp will be a major driving force of increasing cryptocurrency trading in the global market.
The marketplace is filled with numerous crypto exchanges where you can buy or sell digital assets and choosing a reliable and esteemed one is a hard nut to crack. To help you to find the best crypto coin exchange, it is important to understand the questions that you should ask them.
Question: Which Cryptocurrencies you want to trade in?
Answer: Do you already know which cryptocurrency you want to invest in? In this fast-paced world, everything is changing so rapidly. Every day new coins are created however not all exchanges have the same digital coins. At ZedXe, we deal in four major market BTC, ETH, TUSD, and ZFL via them you can buy any of your coveted currency.
Question: Can I exchange crypto-to-fiat or vice versa?
Answer: Fortunately, recently we have joined the hands with PayOP. This platform provides the facility of different payment mode such as Credit Cards, Debit Cards, etc. To buy cryptocurrencies. Now, traders can easily exchange fiat-to-crypto or vice versa at ZedXe.
Question: What payment methods you are using?
Answer: This is another vital issue. Some best coin exchange platforms let you use a platform like PayPal to deposit or withdrawal from your account. Some use bank transfers, credit card, debit card, and other payment methods.
Question: How secure is your crypto exchange?
Answer: The level and type of security mechanisms employed by an exchange are vital in ensuring that your coins are safe. Which security practice you are involving in your exchange- 2-factor authentication, cold storage, email encryption, and verification?
Question: What fees do you charge?
Answer: Low transaction fees on trading cryptocurrency would relatively secure your margins to be eaten away. The figure can vary between exchanges. It is important to look at the fees of your exchange, to see if it is relatively comparable to other exchanges.
Question: Do you provide a mobile app?
Answer: It is becoming crucial for crypto investors to use their mobile devices to move money across the globe. In such case, you need an exchange which provides its own crypto mobile app or a mobile-optimized site.
Question: Is there any transaction limit in your exchange?
Answer: Are you planning to spend a lot of money into your desired cryptocurrency? Some crypto exchanges provide you relatively small limits that make it impossible to do big transactions. Whether you want to spend in ETH, BTC, or XRP, you need to find out the best crypto coin exchange that fulfills your requirement.
Question: Is it necessary to have a separate wallet?
Answer: Is it purely an exchange or can you store your coins here too? There are different ways of working in this respect, so be sure what you are looking for before you get started.
By getting these answers to the aforementioned questions, you will be ready to choose your reliable and reputable crypto exchange. Enjoy Trading!
Over a period of time, token sales have standardized into a set structure that makes participation in an Initial Coin Offering more predictable and credible. One of these standardizations has been the overview of Know your Customer (KYC) and Anti-Money Laundering (AML) systems for verifying the identity of investors prior to allowing them to participate in a token sale.
There are plenty of precautions any best crypto exchange or ICO must consider regarding KYC and AML. But, the regulations and requirements completely vary for each situation and country. If you are considering building an exchange or ICO, we suggest you hire a lawyer to help you navigate the global regulations. Let’s have a look at what big ICOs (Initial Coin Offerings) have done to make sure their compliant:
Backlash from Investors
KYC regulations are an excellent thing for an ICO. They prevented access to U.S. citizens, but on the opposite side, they share a lot of personal data about other investors in your company. The investor data can go a long way towards future reselling, marketing and advertising targeting. It allows companies to take a control of lot of investor data. This is one of those issues that Blockchain was meant to address. Blockchain was supposed to build trust between strangers so that private information is not shared. Executing KYC practices are going against the decentralized nature of the blockchain. To protect the company’s assets from seizure and its founders from criminal allegations, blockchain startups need to comply with the letter of the law.
Private Data Security
Sharing private information is not a trivial problem as we have seen in the wake of Facebook’s Cambridge Analytic a debacle. Many of these Initial Coin Offerings that are collecting information on their investors don’t possess any experience handling and securing sensitive information. If you are planning on developing an exchange, acquiring KYC data is not enough at all.It is also crucial that enterprises invest in data security to protect leaks of sensitive data like passport scans and other identifying data.
Regulations on Exchanges
The important step in exchange regulation is any best crypto coin exchange that accepts fiat will require to give complete reporting on their regulatory compliance. On the other hand, an exchange that is the only crypto to crypto will have less regulatory difficulties. It gets a little difficult to make broad generalizations about the types of regulations that govern exchanges as each country has its own set of rules. But, it’s true that KYC and AML laws will play a lot important role in any fiat exchange. Also,it’s true that most fiat cryptocurrency exchanges require Government approval before they can begin accepting deposits.
Know your Customer (KYC) may not be really popular with the digital freedom wing of the blockchain community. But, these laws exist to prevent fraud and criminal money transfers. They serve an important purpose and Governments can’t just turn a head when it comes to crypto.
Henceforth, any corporation that wants to participate in the crypto-economy and build the best crypto coin exchange would do well to follow the regulations in its native country and the countries of its investors. KYC and AML will remain the key stone of regulatory compliance.
Cryptocurrency is growing at the rapid speed with traders across the globe drawn to crypto markets by the exciting prospects of the technology. In 2018, the online coin trading market has shaken a lot of people out of the market. While some people haveutilized this opportunity to learn more about what this new emerging industry is all about. Now we are moving towards a rising term of cryptocurrency “HODL” that means to do something to grow and develop the blockchain ecosystem.
Institutional entities both private and the public have helped to release the break of the crypto trend, which they had largely been unable to do in the last few years. However, regulations also help to define the path of the cryptocurrency in the future- and it is worthwhile.
In 2019, we will see that the best crypto exchange will use the latest online coin trading trends in crypto regulation. These trends will provide a more rose-colored lens through which to view the market when compared with 2018.
Here are the top 6 coin trading developing trends in 2019. Take a look.
SEC is going to introduce a new digital currency regulation
The U.S Securities and Exchange Commission (SEC) has been investigating illegal securities offerings and frauds in the ICO market.
There are some crypto experts suggest that most of the ICOs can be considered as security offerings. In order to avoid this calcification, some ICO adopts the term security token. There are numerous major efforts on both the national and international level to reach a consensus on how to define and deal with the new world of digital currencies. Expect active working groups to publish supportive white label that leads to a global consensus.
ETF will allow the traditional institution and large investors to enter the crypto market without significant risks. If this will apply correctly, then there will be no more talk about Ponzi schemes and bubbles as even government structures will use crypto. With ETF acceptance, the institutional investors and enterprises will join the crypto community, as well.
Decentralized crypto exchange required adequate marketplaces. However, the marketplace is filled with lots of DEXs, but they are limited due to poor usability and expensive development.
Decentralized App Development (DApps)
Decentralized Apps are the main purpose of the Ethereum network. The team of decentralized app developers has introduced this technology through a funny game called CryptoKitties where users can buy digital pets. The idea behind this game is outstanding and smart contracts have the power to disrupt practically any industry, the project has revealed the scalability of the Ethereum’s blockchain.
Adoption of Security Tokens
This type of token represents shared ownership of a digital resource. Computing power, processing power, and file storage capacity, these are some of the examples of digital commodities that can be purchased & sold on a decentralized market due to their discovery. Whereas security tokens represent ownership in a real-world asset: debt, equity, or even real estate.
Ripple Maybe the New Bitcoin
Many institutional investors expect that Ripple will gain the highest level of confidence among cryptocurrency. They predict that Ripple will see massive growth value due to the sheer size of global markets and this real-world application.
In other words, Ripple is the only enterprise blockchain solution in the world. This is the only unique cryptocurrency that facilitates global payments, digital asset exchanges, connect bank and payment providers. This is an easily accessible cryptocurrency, with the simplest and most accessible transaction system.
To Sum Up
Considering that all cryptocurrencies are extremely volatile and the situation with regulations is yet to be stabilized, it is extremely hard to determine the likelihood of some trends being lasting and powerful. While 2018 has been tough for cryptos, 2019 may boost the market.
Cryptos introduced new technology and unexpected approaches to the world that might enhance numerous industries. So, if you want to become a crypto expert, in digital market keep up-to-date, do regular research and try to join the best crypto exchange to learn more about how digital currency float in the market.
Over the past few days, we have seen a sudden rise in the cryptocoin market by more than $4 billion, with Bitcoin put front as it moved $3,700. There are many other cryptocurrencies in the online coin trading market such as Ethereum and Ripple which also showed large gains as each rose by more than 3% against BTC.
Even if we continue to see that the price of bitcoin, Ethereum, and any other digital currencies decline, there are some crypto experts who expect that the market will assuredly recover in a big way before the end of 2019. And according to the latest news from the crypto world, the bitcoin price surged and broke the $3,720 and $3,880 resistance levels against the US dollar.
Here are some of the reasons why the price of bitcoin turns bullish:
Transactions Approaching All-Time High
The total number of transactions on the Bitcoin network has been approaching its all-time high while confirmed transactions have been constantly moving upwards since May 2018.
Latest Bitcoin Protocol
2019 will get numerous latest bitcoin protocols such as Taproot and Schnorr Signatures. Taproot would increase the smart contract flexibility of Bitcoin while offering high-level security.
Schnorr is a signature scheme that supports mini signatures. This protocol is extremely fast, easy to verify, and offers a strong level of accuracy.
Real-World Bitcoin Adoption
Maybe not completely legal but bitcoin is certainly not banned in over 110 countries around the world. Recently, Indonesia has announced that it legally accepts bitcoin as a commodity while Wyoming has become the first US state to protect bitcoin and digital currency ownership via property rights.
These are the certain reasons which are responsible to raise the bitcoin prices. If you are planning to trade in the crypto market, this is the best time. To keep yourself updated, it is good to join the best crypto coin exchange, their expert team will guide you with the perfect time to buy or sell your cryptocurrency.