Advantages of cryptocurrency trading with UXOOL
- Support 24 hours a day, 5 days a week
- Choice of long or short position depending on market conditions
- Narrow spreads and complete absence of requotes
- Highly liquid investment instrument
What is cryptocurrency
Cryptocurrency is a special kind of financial and payment asset designed to revolutionize the financial sphere based on cryptography technology, that is, data encryption. It does not have a physical appearance, and exists only in electronic form. Its main features are anonymity, decentralization and security.
Cryptocurrency circulation within the system occurs directly (P2P) - without the participation of a third party. Each of the participants is absolutely equal. No one has any privileges, regardless of his social and financial status. The basis of this virtual money is a decentralized open database – blockchain.
Most cryptocurrencies have an emission ceiling (release into the circulation of new coins). So in Bitcoin it is 21 million "coins". And in such PPC and NVC currencies there are no restrictions on emissions.
Bitcoin and other cryptocurrency are considered as an investment asset due to fluctuations in the rate and general growth of popularity. Moreover, cryptocurrency is suitable for both short-term earnings through trading on the stock exchange, and for long-term, as the course shows a tendency to increase.
- Global and speed
- Transaction irreversibility
Most popular cryptocurrencies
Bitcoin – is the first, most popular and expensive cryptocurrency. It has the unofficial status of "crypto gold". For the first few years, all new currencies were based on the bitcoin blockchain. That is, they were a fork (a branch) of the world's first cryptocurrency. All cryptocurrencies, except Bitcoin, are also called Altcoins.
In 2011, the Ripple coin appeared with its system of handshakes and the lack of mining. It was the first "not fork of Bitcoin" in the cryptocurrency world.
In 2011, the coin appeared Ripple with its system of handshakes and the lack of mining. It was the first "not fork of Bitcoin" in the cryptocurrency world.
In 2015, the platform was launched Ethereum или эфириум. It represents an environment for creating decentralized projects based on the blockchain using “smart contracts”. Later this cryptocurrency became the second most powerful after BTC.
Different types of cryptocurrency - characteristics:
|The coin||Year of issue||Maximum emission||Hashing algorithm||Protocol|
|Bitcoin||2009||21 000 000||SHA-256||PoW|
|Ethereum||2015||21 000 000||SHA-256||PoW|
|Litecoin||2011||21 000 000||SHA-256||Planning transition to kPoS|
The company UXOOL will give you the opportunity to trade the TOP 4 cryptocurrency of the world and more.
Bitcoin (abbreviated as BTC) – is an electronic payment system in which virtual “money” (bitcoins) is circulated. Do you have a VISA or a Mastercard? Both Visa and a Mastercard are also electronic payment systems. However, they use the usual currency - dollars, euros, hryvnias, rubles, and all transactions go through bank processing. Such currencies are called fiat. The Bitcoin system uses a cryptocurrency - a purely digital currency that is not tied to any world bank or economy of any country. It has its own value (rate), which is formed on the background of demand.
thereum (Ether) – is both a cryptocurrency and a functional decentralized environment that truly revolutionized the entire IT sphere. The creators of the Ether, when launching this platform, were pursued by the standard cryptocurrency goals for the authors - improving Bitcoin. However, it is difficult to name the Ether - Bitcoin 2.0. They are somewhat similar, but there are a number of conceptual differences between them.
Ripple – is the third cryptocurrency by capitalization ($ 68.6 billion at a price of $ 1.77 per unit) after Bitcoin and Ethereum. It is centralized, not decentralized, like the rest. Ripple is positioning its project as a cross-border payment system for banks. The transaction rate here is 4 seconds, comparing to more than 2 minutes with Etherium and more than an hour with Bitcoin. Traditional systems such as Swift are even slower - they need 3-5 days. This cryptocurrency attracted the attention of Citi experts. They dedicated a special review to it, where they compared it with Bitcoin, which is losing market share.
Bitcoin Cash – is electronic money used in p2p networks. Bitcoin Cash is completely decentralized, does not use the services of central banks and does not require trusted third parties. This is a precise definition of Bitcoin, because Bitcoin Cash is a fork of Bitcoin, obtained by dividing its blockchain into two different versions. This separation can happen with any blockchain, but this fork was made by a group of people who disagree with how the bitcoin blockchain should evolve in the future.
- Best Forex Provider of 2015 Investors Chronicle & Financial Times
- Best FX Provider of 2016 Online Personal Wealth Awards
- Best FX Broker of 2017 Shares Awards
- Best forex performance of 2017 CFI
The activities of our company are subject to licenses: CySec, MiFID, Ernst & Young and Belize IFSC (license number 60/354 / TS / 17). The availability of these licenses is evidence and guarantee of the provision of high-quality services by UXOOL to its clients at the highest level of service, in accordance with the highest regulations and requirements. UXOOL Ltd is part of the international holding company Leverate Financial Services Ltd (Regulated by Cyprus Securities and Exchange Commission License no. 160/11) .