Kyrrex: The World’s First Crypto-Fiat Bank

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Cryptocurrencies are turning out to be a definitive characteristic of the 21st Century. Similar to the evolution of electric cars and smart technologies, the underlying blockchain principle has solidified the place of this digital finance system in history. Thus, the march of progress in all things crypto is changing from a brisk walk to a dash. And as the narrative changes in favor of decentralized digital financial systems, Kyrrex appears as the first crypto-fiat bank.

The Kyrrex engine evolved from a determined purpose to sort out some of the still-existing gaps in the crypto industry. As a centralized exchange platform, Kyrrex’s driving objective is to provide users with the opportunities and needed digital infrastructure to slide into the backseat of the crypto sedan without throwing away the old ledger of handwritten or Excel-driven ledger accounting.

As the first crypto bank, Kyrrex takes the initiative of financial inclusivity to a whole new level. Its lineup of integrative features, for example, the liquidity hub, implement the core tenets of the Satoshi Nakamoto principle. These include autonomous economics, investment adventures that are unhindered by geographical space, and avenues for wealth building that are legal, recognized by peers from different parts of the world, and primarily managed by the person rather than a traditional banking institution.

So, as the first crypto-fiat bank, Kyrrex’s mandate is genuine and also original. The user (who is an ordinary person, a newbie to the crypto industry, an expert trader or investor, etc.) is the center of the revolution. The architecture of the exchange platform is such that this user, some of whose assets are still in fiat, has all of their questions answered and the world of crypto assets opened to them.

In this article, we highlight the peculiarities of the Kyrrex crypto exchange platform. First, we underline the gaps in the traditional and crypto accounting industry, then present the attributes of Kyrrex as the first crypto-fiat bank. Lastly, the article touches on the platform’s prospects for the future.

Lapses in the Financial/Banking Industry and the Need for a Crypto-Fiat Bank

 Lapses in the Financial Banking Industry

Kyrrex was developed with a common objective in mind: solve the current problems of traditional banking and the crypto market, and introduce the next phase for the blockchain-driven evolution of personal and corporate finance. Some of these problems are highlighted below.

1- High costs in traditional banking

Regardless of the location, using traditional banks and other conventional financial institutions is costly. There are seemingly small charges for the use of debit and credit cards, online banking, international trading, and lots more. Each of these small charges amount to a sizable fraction of total personal, household, and even corporate income. These are really ‘operative expenses’ that make little sense, but that is the dynamic of the accounting model that evolved from the trade-and-barter system.

2- Low speeds of transactions in traditional banking

Timely transactions are a foreign thing for traditional banking institutions. The typical banking hall, for example, is a corridor where many of us learn to be patient, read magazines about global tourist attractions, and waste good time. The online variants are not all that different as international transactions, for instance, usually take three to five business days—unless you use those disruptive Fintech services.

3- Stagnated in the world driven by intelligent programs/protocols

Traditional accounting models are dull. Like the paper ledger that only knows to record data and does not directly help decision-making, the system is outdated and has fallen out of use in this fast-paced epoch. Why are we still married to obsolete technologies (a generous label) when there are newer options that are driven by artificial intelligence (AI)?

4- Lack of trust

Then comes the crypto market with laudable elements like peer-to-peer technology, decentralized economics, and other accents of the distributed ledger system. But the vision of decentralization is taking a while to manifest due to our inherent distrust of other people and new things. The best way out is to have something familiar and relatable, but many crypto platforms do not make a convincing case for earning the trust of intended users.

5- Needlessly complex platforms

Decentralized platforms are generally complex. The landscape is unfamiliar to the average person, and the language is positively weird. It takes a while to get used to the physics of blockchains and cryptos, especially considering that many decentralized platforms provide little or no direct help to users.

6- High volatility

The crypto market is a very volatile space. Observing the fluctuations in the value of crypto assets is a lesson in quantum mechanics. The odds of winning walk side-by-side with the risks of losing. And exchange platforms are not helping with their shallow liquidity pools. Consequently, users are not as invested in the crypto market/industry as they should be.

8- Prevalent security/Leaks

Hackers and scammers are having a field day and unlicensed crypto project managers are pulling the rug out from under even the most observant user. The apparent absence of accountability leads to distrust and the lack of trust evolves into nonparticipation.


Kyrrex, the First Crypto-Fiat Bank to the Rescue

 First Crypto-Fiat Bank to the Rescue

The primary goal of Kyrrex is to build a solid bridge between the traditional banking and financial system and the digital world of online investment, trading, and economics. Put differently, the regulated crypto-fiat network promotes an all-in-one exchange platform derived from a vision to see both worlds (the actual and the virtual) criss-cross each other for the benefit of users.

The entire Kyrrex ecosystem has the user as the control factor. As a result of this, the platform emphasizes focused performability with regards to crypto exchange, liquidity options, trading and portfolio management, tokenization, and more. In other words, these features and services are optimized to meet user needs at affordable (and even negligible) financial costs.

History and Mission

Kyrrex was founded in 2016 as a regulated crypto-fiat platform. Unlike many others, the platform did not take up the decentralized exchange model or the increasingly popular hybridized centralized-decentralized model. Instead, the platform was designed to use a regulated framework to provide products and services for investment and finance.

Kyrrex is an inclusive ecosystem, and is particularly geared towards closing the divide of traditional banking and the crypto market. Thus, it is the one-stop-shop for the trading of both fiat currencies and crypto assets using a user-friendly and user-centered architecture.

According to the Kyrrex website, the mission of the crypto-fiat bank is to create “... a global system of financial products without geographical, legal and time boundaries, accessible from everywhere, by anyone.” The result of such a system would be a promising step towards the next phase of the crypto and blockchain revolution.

Features and Advantages

advantages of kyrrex

A number of features make Kyrrex a valuable and convenient platform for crypto-fiat exchange.

1- Licensing and regulation

Kyrrex is a regulated exchange platform. This means that the system runs on direct human supervision rather than automated computer protocols. To this effect, Kyrrex has a Class 4 VFA License by the Malta Financial Services Authority, the highest available and evidence to demonstrate that the platform is as legit as possible. By implication, Kyrrex has the stamp of approval from two well-known crypto license issuers.

2- Crypto Exchange

Kyrrex operates a fast and ultra-efficient system for traders. The transaction speed for each crypto asset reaches up to 1.5 million transactions per second, which is a big bump compared to the 5 to 15-minutes average guaranteed by other platforms for a similar number of transactions. Kyrrex also offers demo trading accounts for newcomers to the crypto industry who can then switch to genuine trading accounts once they are confident. This is possible due to the massive treasure trove of information that Kyrrex offers as training manual and educational material on trading crypto assets.

3- Liquidity Hub

Kyrrex introduced the idea of a liquidity hub where users can easily buy and sell digital assets without worrying about large swings in price (slippage). As a result, users are free to trade in crypto assets with a dedicated focus, rather than remaining jittery as a result of the high volatility dynamics inherently native to the crypto universe.

4- Over the counter trading services

Kyrrex offers over-the-counter (OTC) services which is another way of saying that Kyrrex offers users interested in securities trading without the monitoring eyes of a formal exchange. The OTC system is transparent, legal, and safe. As such, Kyrrex users are not at a disadvantage using this decentralized feature since the platform itself acts as the basis for the broker-dealer transaction.

5- Crypto-Fiat Portfolio Management

Kyrrex combines the cardinal excellences of both fiat currencies and digital assets. This way, you can easily manage both sides of the financial coin by buying and selling new assets using them. With Kyrrex, users are able to convert their fiat currencies to cryptocurrencies, and vice versa. The process is simple and seamless and does not require any other protocol/procedure since the integration of fiat and crypto is built into the Kyrrex ecosystem. Thus, you can conveniently manage your trading portfolio with both fiat currencies and crypto assets as viable instruments for exchange.

6- Tokenization

Kyrrex has much to offer its users in terms of tokenization. The native KRRX token offers multiple benefits for Kyrrx users. These include zero commissions on all trades done inside the Kyrrex ecosystem, and chips for social interactions among traders. The tokenization protocol also allows for the progression of Kyrrex traders over the 6 user trading levels.

7- Referral Bonuses

Kyrrex is not a multi-level marketing (MMM) scheme but it uses a referral system to reward active and advertising users. Upon referring three people, a Kyrrex user gains access to new discount rates, although that also depends on the volume of KRRX that the user stakes. To put things in perspective, at the third referral, Kyrrex awards users that have staked more than 2500 KRRX with a whopping 60% discount. This is not including the secret bonuses that the users become eligible for.

8- User-Friendly interface

Kyrrex, like many centralized exchange platforms, prioritizes a simple and user-friendly interface for its users. The emphasis is on practicality and convenience rather than a design focused on blinding the eyes. As such, you won’t find extreme colors on the Kyrrex mobile app or web platform. Instead, the interface of the trading wallet is comfortable and can be used without newcomers having to rely on extra materials on how to use the Kyrrex trading wallet.

9- Free trading within the ecosystem

As earlier mentioned, Kyrrex users are eligible for very low trading fees. These fees depend on how much cryptocurrency they are trading, their trading level, and, again, whether or not they are using the native KRRX token. Even so, the Kyrrex trading fees are low compared to the offerings on other platforms.

For example, the highest trading fee on the Kyrrex platform is 0.15% for transaction volumes worth less than 100btc. This fee is lowered to 0.135% for traders who have staked 500 to 5,000 KRRX and to 0.0525% for those that have staked more than 250,000 KRRX. For users at institutional and market maker trading levels, there is no trading fee.

10- Privacy/Security of user information

Kyrrex uses a watertight security system that ensures that user information is safe from hacker activity. Without authorization from the platform, no individual, institution, or computer program can gain access to the funds on Kyrrex. This is one of the vision-points of the Kyrrex exchange platform, so it is taken pretty seriously.


Kyrrex Prospects for the Future

Kyrrex Prospects for the Future

Kyrrex has several prospects for the future that will consolidate its status as the first crypto bank and the most progressive regulated crypto exchange platform. Two particular features are slated to be implemented on the Kyrrex ecosystem. These include banking capabilities (in which case Kyrrex can operate in full capacity as a digital bank); and the crypto merchant platform where users can use the Kyrrex engine to optimize their business operations, boost client coverage, and make more profit.

All in all, Kyrrex is both a crypto-fiat bank for the future and for the present. Its objectives are appreciably sensible, its features are on point, and its prospects cannot be any brighter.

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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.


#Digest
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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.