Kyrrex: The New Kraken Alternative

Kyrrex the Kraken Alternative
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We have centralized exchanges to thank for crypto’s widespread adoption. They make the process of buying and selling digital assets like Bitcoin incredibly easy. You’ll have to start with one of these platforms if you’re looking to own your first cryptocurrency.

That said, they are more than just a front door to the crypto industry. They also offer advanced trade options for professionals. These include margin, derivatives, and futures trading.

If you’ve searched for exchanges to trade on before now, Kraken must be on your radar. It’s one of the biggest crypto platforms in the world by many parameters. It’s been around for nearly a decade and has done its best to make crypto trading safer and more convenient. In addition, it has a good mix of digital currencies, reliable security policies, and a standard user interface.

Kraken remains one of the very few platforms in the US to offer advanced trading options like Margin.

Despite all that, the exchange might not be your best choice if you look at the wealth of options at your disposal. New crypto trading platforms with innovative offerings are springing up and giving big guns like Kraken a run for their money. This article puts the spotlight on one of the next big alternatives to Kraken – the Kyrrex Exchange.

Using Centralized Exchanges

You’ll have to use a centralized exchange to buy digital currencies like Ethereum, Ripple, and Bitcoin. These exchanges run even today’s peer-to-peer platforms. Crypto exchanges work like stoke brokerage platforms where you get access to trading tools. The main difference is that you’re trading more volatile crypto assets instead of stocks.

Nowadays, it’s easy to head to an exchange and purchase a coin using your debit or credit card. You can also make bank deposits to your exchange account and convert the cash to crypto.

But it doesn’t end there; professional traders can trade derivative assets on centralized exchanges without buying the actual tokens. Other advanced trading options include margin and futures trading.

Centralized exchanges serve as a marketplace of sorts. They match your buy orders to other traders’ sell orders and vice versa. There are numerous exchanges today with different offerings. The right platform to use depends on what you want to buy, legal status, security, and ease of use, among other vital factors.

Choosing an Exchange

As we mentioned, the suitable exchange for you depends on what you want. But there are fundamental things to look out for when choosing one. Remember, selecting an exchange due to popularity could be a mistake. If you look at the past, some of the big names in crypto trading are no longer in business and have bankrupted users. So what are the top things to consider? Let’s break them down.

1. Trading Volume

One of the most important aspects of any crypto exchange is trading volume. You want to make sure you can buy and sell crypto assets at any time without waiting days to fill your bags or withdraw your cash. Trading volume refers to the amount of activity happening on an exchange. The higher the trading volume, the more cryptocurrencies and cash are changing hands. If you have a particular asset in mind, check out its trading volume on the exchange you’re considering.

2. Security

Understanding the exchange’s security policies is vital. Check out their history. Have they ever been hacked? If yes, how did they react to the problem? Check out reviews regarding user security and other related problems. Another thing worth finding out is how they store users’ assets. Confirm the percentage of cryptocurrencies they keep in cold storage. Using cold storage means saving funds in an offline wallet. This makes it difficult for hackers to gain access.

3. User Experience

Ease-of-use can be a deal-breaker depending on where you’re coming from. If you’re a beginner, you want to go for an exchange with a user-friendly interface. This way, you know what you’re doing and won’t make trading mistakes that could lead to loss of funds. Ensure you read reviews and guides on how to use an exchange before signing up.

4. Availability in Your Jurisdiction

Some exchanges are not available in certain jurisdictions, and you could be breaking the law by using them. So, check if the platform you want to use is available in your country. Your research should also cover the platform’s legal status. Some outfits often fall short with legal compliance and end up being targeted by regulators. So, even if the exchange is currently trading in your country, confirm they don’t have looming issues.

Another thing worth checking is the currencies available to trade. For example, US residents are restricted from trading certain currencies listed on Kraken. Finally, an exchange’s availability in a country doesn’t necessarily mean everyone can use it. Again, Kraken comes to mind as it’s available to US residents except those in New York and Washington State.

5. Currencies Available to Trade

You don’t want to sign up with an exchange that doesn’t have the cryptocurrency asset you’re looking to buy. On the other hand, if you’re getting popular coins like Bitcoin and Ethereum, your task would be easy. It becomes tricky when you’re going for lesser-known crypto assets. However, a simple search online will show you the assets available to trade on any exchange.

It’ll be wise to go for an exchange that lists more altcoins. This is because your needs could expand in the future, and you want to have access to new coins that catch your interest in the future without switching platforms.

Pros and Cons of Kraken

Pros and Cons of Kraken

Kraken is always up there when it comes to top crypto exchanges. Its security policies, sizable mix of crypto assets, and customer care make it a good choice for many customers. In addition, you can easily purchase Bitcoin and other digital assets using your credit or debit card on the platform, and there are fiat deposit options as well. What’s more, Kraken has one of the highest trading volumes, so you’ll be sure to enjoy high liquidity on trades and withdrawals. The exchange is also available in more than 170 countries, so you’re sure to have access to trading, depending on where you travel to.

Despite all its remarkable advantages, Kraken falls short in some critical areas. Let’s break them down.

1. Poor User Experience for Beginners

Only intermediate to expert traders can praise Kraken’s interface as user-friendly. Crypto newbies can get lost on the exchange as they have to go through a learning process to understand how to place orders. The exchange is also more suited to professionals using its margin trading features.

2. Fees

Users have complained about Kraken’s extremely high instant buy fees. For example, the exchange charges a whopping 3.75% plus additional charges for every cryptocurrency you buy using your credit or debit card. It also has a fee structure where users pay 0.9% for stablecoins and 1.5% for other FX pairs. Its SWIFT withdrawal fee of $35 is also one of the highest.

3. Relatively Low Number of Altcoins to Trade

Kraken has more than 90 digital currencies available for trading. However, a large number of those are not available to US residents. The listings are also low, considering the number of digital currencies available right now.

Why Should You go For Kyrrex?

reasons to join kyrrex

It’s not every day you see a smaller crypto exchange being touted as the best alternative to one of the biggest names in the industry. That’s because most new exchanges are plagued with low liquidity, a limited number of trading currencies, poor user interfaces, and general organizational issues. However, when a platform bursts into the scene with the promise of bridging the crypto and traditional finance worlds, it certainly deserves mention.

Kyrrex has groundbreaking features in the works that will give the best exchanges a run for their money. It’s committed to integrating a digital bank into its ecosystem, allowing users to send and receive money, trade cryptocurrencies, and carry out other traditional transactions from one place. Its central exchange platform is already taking off with a lot of fanfare. It recently wrapped up its token sale and launched a fully operating trading terminal. As a result, Crypto newbies and professionals can now create orders without worrying about high spreads and low speed.

Let’s cover the advantages of using the trading platform.

1. Super-Fast Exchange Engine

One of the main pros of a centralized exchange is fast order execution. However, some exchanges are faster than orders. In truth, order execution is a function of different factors, from trading volume to underlying technology. Kyrrex has the underpinning technology to match orders under a fraction of a second, executing more than a million in one second. The platform’s high daily trading volume also means you won’t have to worry about how fast your tokens appear in your wallet.

2. Innovative Cryptocurrency Offerings and a Robust Ecosystem

Kyrrex’s never-seen-before products and offerings will make you see a different side of crypto. It’s introducing various services into its ecosystem to expand your trading options and show you new insights.

These new services and platforms include:

  • The Trade Ideas Platform:

Where pro traders and investors share trading secrets and conduct brainstorming sessions.

  • Multi-Account Management:

Traders can control multiple accounts from one dashboard. These include crypto and fiat accounts.

  • Listing Platform:

Kyrrex will introduce new tokens from time to time, expanding its portfolio of listed assets. These cryptocurrencies will go through thorough audits and assessments to make sure they meet the exchange’s standards.

  • Liquidity Hub:

The Liquidity Hub ensures users are never short of crypto assets and fiat whenever they want to liquidate positions or withdraw.

  • Tokenization Platform:

The tokenization platform allows you to convert real-world assets to digital tokens. This way, you can protect assets from counterfeiting and efficiently verify and transfer ownership. This platform is still in the works and will be released sometime in 2022.

  • Digital Bank:

This is one of the platform’s most significant offerings. Once it’s launched, users can perform every traditional banking transaction under the sun from the ecosystem. It comes with an International Bank Account Number (IBAN), debit and credit card, and a robust internet platform for transactions. You’ll be able to perform SWIFT and domestic transfers, shop online, and buy into different banking products, from loans to salary management.

3. Military-Grade Security System

Kyrrex promises top-of-the-line security by storing a considerable percentage of users’ crypto assets in cold storage. It also uses the highest encryption level to ensure funds and personal information, such as credit card details, are secured. Its avant-garde anti-hacking systems are also well-positioned to detect malicious activities in time and employ the proper defenses.

The platform’s 2FA and notification policies ensure your account is secured against brute-force and phishing attacks.

4. Tokenized Exchange

Kraken does not have a bonus program or native token that gives users access to discounts. However, with Kyrrex’s KRRX token, users will enjoy superb bonuses on trading fees and earn through staking.

5. Rewarding Staking Program

The Kyrrex platform offers users options to earn a generous percentage for staking their tokens. For example, investors can enjoy up to 14.5% APY for locking the native KRRX token. They can also earn up to 13.5% APY for staking USDT and 10.5% for BTC. The Deposit Program is open to retail and institutional investors.

6. Competitive Trading Fees

Kyrrex’s trading fees are among the lowest in the industry and are, by far, better than Kraken’s. While general maker and taker fees start at 0.15%, those staking the exchange’s token get to enjoy up to 60% discounts. Also, the fee structure favors those with high trading volumes: the higher your trading tier, the lower your fees.

7. Regulatory Compliance

Kyrrex believes that cryptocurrency will reach mainstream adoption once it has beaten the regulatory hurdle. Unfortunately, much of crypto, from Defi to tokenized assets, aren’t regulated yet. In addition, many jurisdictions still have unclear policies regarding crypto trading. Since Kyrrex aims to expand to every corner of the world and provide banking services, it takes regulation seriously. The exchange has an army of compliance officers in every jurisdiction to ensure its users can trade without fearing regulatory interference.

Conclusion

Kyrrex should undoubtedly be on your radar if you want to enjoy low fees, security, and generous discounts. Very soon, you won’t have to pay crazy fees to convert cash to crypto since you’ll be using a single dashboard to manage your fiat and digital currencies.

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Big Trading Opportunities with Kyrrex: How to Maximize Your Profits in Cryptocurrency Trading

The cryptocurrency market is a rapidly evolving landscape that offers big opportunities for profit. However, navigating this market can be challenging, particularly for those who are new to the space. In this article, we will explore how you can maximize your profitability in cryptocurrency trading by taking advantage of Kyrrex's wide range of trading opportunities.

The Relationship Between Open Crypto Trades and Profitability

Open trades are trades that have not yet been closed. These trades can have a significant impact on profitability, as they represent potential gains or losses. In general, having more open trades can increase profitability, as long as they are managed effectively.

One way to manage open trades is to use stop-loss orders. A stop-loss order is an order that automatically closes a trade when a certain price is reached. By using stop-loss orders, traders can limit their losses and protect their profits.

For example, if a trader buys a coin at $10,000 and sets a stop-loss order at $9,500, the trade will automatically close if the price falls to $9,500. This can help the trader get out of a bad trade before their loss becomes bigger.

Another way to manage open trades is to stay up-to-date with market trends. By staying informed on market trends and using technical analysis, traders can identify potential trading opportunities early and make informed trading decisions.

For example, if a trader notices that the price of a particular cryptocurrency is trending upwards, they may decide to open a long position (i.e. buy the cryptocurrency) with the expectation that the price will continue to rise.

However, it is important to remember that open trades are never risk-free. If the market moves against the trader, they may end up losing money on the trade. To minimize this risk, it is important to use appropriate risk management strategies, such as setting stop-loss orders and diversifying your portfolio. Stop-loss on a winning trade locks in your profits while a diversified portfolio helps to spread risk around.

The Importance of Trading a Wide Range of Cryptocurrencies

Trading several cryptocurrencies, instead of just one or a few, is essential for maximizing profitability. By limiting yourself to a small number of cryptocurrencies, you are potentially missing out on gains that could be made by trading in other coins. Additionally, trading more cryptocurrencies can help to minimize risk, as losses in one coin can be offset by gains in another.

Here are some benefits of a diverse cryptocurrency portfolio:

  • Increased exposure to potential gains: By trading in a diverse range of cryptocurrencies, traders can increase their exposure to potential gains in the market.
  • Minimized risk: By trading in a diverse range of cryptocurrencies, traders can minimize their risk by offsetting losses in one coin with gains in another.
  • More opportunities for profit: Traders can open more orders in more cryptocurrency pairs, which increases the potential for profits.

Wide Crypto Trading Opportunities with Kyrrex

Kyrrex is a leading crypto-fiat platform that offers comprehensive services for individuals and institutional clients alike. With its advanced trading, storage, and payment technologies, Kyrrex is designed to meet the needs of modern cryptocurrency enthusiasts.

One of the main advantages of Kyrrex is its wide range of trading opportunities. Users can access the built-in trading terminal, which allows for seamless transactions in cryptocurrency pairs. Currently, Kyrrex offers a total of 20 currency pairs, including popular options such as AVAX/USDT, ETH/USDT, and XRP/BTC. By offering a diverse range of currency pairs, Kyrrex enables users to trade in a way that best suits their needs and preferences.

The Kyrrex trading platform boasts flexible functionality. Users can easily analyze and track quotes around the clock, select limit and market orders, and enjoy reduced trading commissions. These features make it easy for users to make more trades and analyze market trends, thereby increasing the chances for gains.

In addition to its trading capabilities, Kyrrex offers a comprehensive set of features to help users manage their cryptocurrency assets. With its state-of-the-art storage technologies, Kyrrex ensures the safety and security of user funds. Users can also take advantage of the platform's advanced payment technologies, which enable them to make and receive payments in a variety of currencies.

Conclusion

Maximizing profitability in cryptocurrency trading requires a combination of trading in a wide range of cryptocurrencies and effectively managing open trades. Kyrrex's wide range of trading opportunities, advanced trading tools, low trading fees, and real-time market data make it an ideal platform for those looking to engage with the cryptocurrency market.


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BTCUSDT: Analyzing Bitcoin's Performance on TradingView

Bitcoin (BTC) has emerged as one of the most popular cryptocurrencies in the world, and its value has skyrocketed in recent years. As a result, traders and investors have become increasingly interested in BTCUSDT trading on platforms like TradingView.

TradingView is a popular charting platform that allows users to analyze and trade financial markets. With BTCUSDT trading, traders can track the performance of Bitcoin against Tether (USDT), a stablecoin that is pegged to the US dollar. This pairing is commonly used on crypto exchanges, and TradingView provides comprehensive BTCUSDT charts and indicators for traders to make informed decisions.

BTCUSDT Price Action

BTCUSDT's price action has been volatile, with sharp price swings and fluctuations. However, the overall trend for BTC has been bullish, with the cryptocurrency hitting all-time highs in recent years. TradingView's BTCUSDT charts provide traders with the ability to track BTC's price movements in real-time, as well as view historical price data.

Technical Analysis on BTCUSDT TradingView

Technical analysis is a popular method for traders to analyze financial markets, and BTCUSDT trading is no exception. TradingView provides a wide range of technical indicators and charting tools to help traders analyze BTC's performance.

One popular indicator used in BTCUSDT trading is the Moving Average Convergence Divergence (MACD) indicator. This indicator can help traders identify trend reversals, as well as potential entry and exit points. Additionally, traders can use other technical indicators like Relative Strength Index (RSI), Bollinger Bands, and Fibonacci retracement levels to gain further insight into BTC's price action.

Fundamental Analysis on BTCUSDT TradingView

In addition to technical analysis, fundamental analysis is also important in BTCUSDT trading. Fundamental analysis involves analyzing the underlying factors that affect BTC's price, such as adoption rates, regulatory changes, and economic events.

TradingView provides traders with access to news feeds and economic calendars, which can help traders stay up-to-date on the latest developments that may affect BTC's price. Additionally, traders can use TradingView's social networking features to discuss and share information with other traders and investors.

Final Thoughts

BTCUSDT trading on TradingView offers traders a comprehensive set of tools and indicators to analyze Bitcoin's performance. With both technical and fundamental analysis options available, traders can make informed decisions about when to enter and exit the market. However, as with any financial market, BTCUSDT trading carries risks and traders should exercise caution and conduct their own research before making any investment decisions.


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Top 5 Crypto Charities

There are two sides to everything, though humans tend to focus on one side of the coin. The latest weapons can help through deterrence, not just destruction. Artificial intelligence is an incredibly useful tool despite its dangers. And cryptocurrency, just like everything else, can be a force for good in the world.

Crypto is about PnLs, market and limit orders, DeFi and staking, coin offerings and L1s. It is also about borderless payments which can facilitate goodwill donations by anyone from anywhere to any organization that works towards a noble cause.

The philanthropic space, just like health, finance and sports, has realized the benefits of adopting crypto. Some of the best known global and regional charities have created channels for crypto donations.

Bitcoin, Ethereum and stables like USDT are the most popular coins supported by charities accepting crypto. Depending on the type of crypto charity, other popular digital coins like Dogecoin, Monero, Bitcoin Cash and Litecoin may also be accepted.

So if you're moved to reserve some of your cryptocurrency holdings or trading gains for a worthy cause, there are lots of charity crypto projects that would be happy to receive your donation

These crypto-affiliated charities vary by mission. Some are dedicated to helping oppressed peoples in war-torn areas like Ukraine to stand up to the aggressors. Others utilize blockchain technology to support next-gen ideas and technology like effective altruism and AI.

These organizations all have noble goals and have thrived through the benevolence of citizens who use some of their crypto for charity. This article presents 5 reliable and dependable crypto charity projects. So if you're looking for charities that accept crypto, you've come to the right place.

1. Electronic Freedom Foundation

The Electronic Freedom Foundation (EFF) is a U.S. 501(c)(3) nonprofit that has a mission to defend civil liberties and human rights both online and offline, but especially online. It supports outreach and legislation that protect digital rights and provides funding for projects that promote the rights of the individual to free expression in the digital space.

The EFF sees increased legislation and user restrictions in the digital age as a wall that stifles creativity and infringes on the rights to liberty. Thus, it campaigns hard against moves that seek to restrict people's rights and freedoms, especially online. The organization has a long and proud history of canvassing change and is one of the best charity crypto projects around. It accepts Bitcoin, Bitcoin Cash and Ethereum from individual donors and you can also elect to receive some cool swag if you donate at least $100.

2. Kyrrex Charity

The start of the war in Ukraine has led to a groundswell of governmental, institutional and individual support for the beleaguered country which continues to maintain its independence in the face of overwhelming odds. The Kyrrex Charity is the social arm of Kyrrex, a regulated crypto-fiat ecosystem. Its goal is to work towards the war's end and victory for Ukraine by supporting the country's civilians, volunteers and defenders through financial aid.

The foundation organizes charity events and fundraisers all over the western world to raise money which it then distributes to various agencies across Ukraine.

Because of the difficulties caused by the war, crypto donations to Ukraine is one of the best ways to get money across to those who need it on the ground. That is why the Kyrrex Charity's main vehicle is a crypto charity fund. Benevolent individuals and organizations can directly donate Bitcoin, Ether and USDT through the foundation's Ukraine crypto donations wallets and be rest assured the money will be used for a worthy cause.

So if you have excess coins gathering dust in your wallet or cold storage and wondering how to donate crypto to Ukraine, you can send your coins to a Kyrrex Charity wallet and sleep easy knowing you've just done a great deed for humankind.

3. UNICEF Cryptocurrency Fund

Unicef, or the United Nations Children Fund, works in 190 countries across six continents to help children overcome developmental and geographical challenges and achieve their full potential from early childhood to adolescence. It's long been one of the most visible agencies of the UN and its impact has been felt in every corner of the globe for decades.

In 2019, UNICEF launched a crypto fund to simplify fundraising and grants distribution and reach their networks of donors and beneficiaries faster than the complicated web of traditional finance would allow. Donors can send BTC and ETH directly to the UNICEF CryptoFund. To date, the fund has received 8 BTC and 2527 ETH which is distributed to open-source frontier tech solutions showing promising results.

All donations made by the funds are done in BTC and ETH only and capped to $100k. Through this scheme, UNICEF has invested 52 ETH in a digital cash and voucher transfer platform in Nigeria, 43.5 ETH in a platform for digital healthcare savings in DR Congo, and 21 ETH in a tool for visual eye tests to detect vision disorders among children in the UAE.

4. The Giving Block

Would you like more control and flexibility over your charity crypto donations? Then you can check out The Giving Block. This donations service is like a crypto charity marketplace that allows you to give crypto to a nonprofit, charity, university, faith organization, environmental NGO or any other mission-driven agency of your choice.

The Giving Block emphasizes choice and flexibility. Donors are free to choose any of the 100+ organizations that accept crypto donations through the service. You can use their search tool to filter available organizations. For example, a "crypto donations Ukraine" search brings up the Ukrainian American Coordinating Council, the US-Ukraine Foundation and similar organizations. You can also switch to "Impact index funds" and donate crypto to a particular cause, such as the war in Ukraine, women and girls empowerment, or arts and culture.

Another big draw of The Giving Block is the versatility provided for those who use the platform to donate crypto to charity. Most blockchain-positive philanthropic platforms support just a few cryptocurrencies. But on The Giving Block, you have your pick of more than 70 crypto options to donate with such BTC, ETH, USDC, USDT, DAI, MAKER, AVAX, SOL, and many more.

5. The Tor Project

Tor, or The Onion Router, is the free and open-source browser that enables anonymous communication through a network of volunteer nodes spread across the world. The Tor project and its browser allow users to bypass censorship and restrictions on internet usage. It generates a semblance of digital privacy and independence in an environment rife with governmental policy.

The Tor Project accepts donations in crypto and other avenues to keep the Tor network running and protected against intrusion by global institutions and governments. Tor accepts crypto donations in 9 currencies including Bitcoin, Ethereum, Dogecoin, Augur, Dash, Litecoin, Monero, Stellar Lumen, and ZCash.

Donating Crypto to Charity

If you'd love to donate crypto to charity, you can try one of the organizations on this list or another one that accepts digital currencies. You can donate your crypto directly—no need to convert into a stablecoin or fiat money first. Moreover, if you have a stablecoin in your portfolio, you can donate that. The price of a stable fluctuates less compared to traditional cryptocurrencies, which can benefit the charity of your choice more than a volatile coin would.

Making donations to a charity actually helps fulfill one of the founding principles of cryptocurrencies—anonymity. By donating through crypto, you show that you truly care about a cause and aren't donating just to look good in the news or on social media.