Forget about exchanger search! Use BestChange!

[Best_Change]

Inspiring article. Recommended to everybody as a "must read". Great words from bestchange to inform people about how dangerous money is, & to support the efforts made to fight the spread of the virus.

I would also like to remind bestchange team that the actual board "Currency exchange" is not your best option. People come here looking for peer to peer trades, not for exchange websites. You can observe this!
As i suggested before, move this topic to "Service Announcements" board. It's the appropriate board in my opinion as an old forum user.
I expect many other users would agree with me. BestChange reaches more audience in btt forum, and i don't think the actual board serves this goal.

Thank you for your kind feedback. It is trully important to spread the message that extra caution should be used when dealing with money, such as sanitizing or washing your hands, or if this is not immediately available,  by all means avoiding touching your face or starting to eat. With quarantine and food and groceriers delivery, this also remains an issue in case if not an electronic payment was used - even in the comfort of your own you must remeber to wash your hands after paying for the delivery.

As for moving the topic, thank you for your suggestion. We have analyzed the boards and decided indeed that Service Announcement would be the best place.

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[Best_Change]

Hey, BestChange you should try to contact TMAN through PM to remove his negative feedback as it's totally not necessary anymore. The accusation was resolved... yes?

You guys deserve a clean reputation after all you have tried to do.

Thank you for your suggestion, we just did so and are waiting for his response.

I think everyone has already been contacted, TMAN also. He must have already read all about this accusation and how it ended, but he did not withdraw neg feedback. It is interesting that neg feedbacks, in this case, produce more positive feedbacks here. It helps to boost positive rating for BestChange.

Not sure if he has looked into the accusation thread, he doesn't seem to have been active on the forum lately. Anyway, we have asked him to look in the recent situatuation development.
As for negative feedback generating positive feedback - is that so? That would be a silver lining to a cloud.

Thanks for your support!

[The Cryptovator]

Hey, BestChange you should try to contact TMAN through PM to remove his negative feedback as it's totally not necessary anymore. The accusation was resolved... yes?

You guys deserve a clean reputation after all you have tried to do.

Thank you for your suggestion, we just did so and are waiting for his response.

TMAN is offline from 12 March (hope he is fine) and you have resolved accusation on 18 March (IMO). So most likely he is unaware about your last statement about accusation resolution. Hope he will reconsider when he will back to online.

By the way I have sent a PM to TMAN about that issue for reconsider his feedback once again. Expecting positive response about it.

[coupable]

Hey, BestChange you should try to contact TMAN through PM to remove his negative feedback as it's totally not necessary anymore. The accusation was resolved... yes?

You guys deserve a clean reputation after all you have tried to do.

Thank you for your suggestion, we just did so and are waiting for his response.

TMAN is offline from 12 March (hope he is fine) and you have resolved accusation on 18 March (IMO). So most likely he is unaware about your last statement about accusation resolution. Hope he will reconsider when he will back to online.

By the way I have sent a PM to TMAN about that issue for reconsider his feedback once again. Expecting positive response about it.

I had already sent him [+others who left a neg feedback] a pm too when i started asking for more opinions about bestchange ratings, but he didn't add any note in opened  reputation threads or change his feedback, or even response to my pm.
I think the actual red trust shown in bestchange profile isn't an issue anymore, as anybody who would check the ratings will discover that all the cases subject of accusations has been solved.

[Best_Change]

Thank you, everyone, for your active involvement, for thoroughly analyzing the development of the situation, following up and not watching from the sidelines. We really appreciate your support!

[Best_Change]

Cash turnover hits record high in the U.S. and altcoins mentions on Twitter drop to a minimum

 USD banknote turnover hits a 20-year high

From March 11 to March 18, the turnover of cash dollars in the United States increased by $34 billion, shooting up from $1.809 trillion to $1.843 trillion.

This is the largest growth in the last 20 years, economist John Paul Coning points out: the U.S. citizens are withdrawing money from banks amid the coronavirus epidemic. Last time a similar situation was observed in 1999 when people were afraid of digital devices failure due to the "Y2K bug"

It is noteworthy that the current increase in cash circulation is happening despite the WHO recommendations to avoid contact with banknotes, as COVID-19 can be distributed through them.

 Twitter's altcoin mentions drop to a minimum

Twitter users now write about main altcoins less often - the number of mentions per day has dropped to a three-year low.

The number of posts about XRP has decreased by 60% in two months to 2,542. Ethereum was talked about slightly less — the number of tweets with the hashtag #ETH fell to 2,500, which has become the lowest engagement level since February 2017. For comparison: in December 2017, when the altcoin set a maximum price, the number of tweets about it exceeded 51,000.

Bitcoin’s “little brother” LTC has been completely forgotten —Twitter users mentioned the coin only 350 times a day. The popularity of BTC, on the contrary, has grown, its mentions have doubled since the end of January.

 Small miners shutting off will help the price of bitcoin

Blockware CEO Matt D’Souza said. He analyzed the periods of decline of the network’s hash rate and noted that they were followed by a prolonged increase of cryptocurrency price. In his opinion, now the situation may be repeated.

At the moment, the computing power of the BTC blockchain has dropped to 93 EH/s. In mid-March, when the bitcoin exchange rate sank below $4,000, small miners were forced to turn off the equipment, which led to a sharp drop in the hash rate and the difficulty of mining cryptocurrency.

Matt D’Souza notes that this will benefit the price of bitcoin, as private miners quickly sold their coins to not work at a loss.

[JeromeTash]

-snip-

Nice read
I noticed you usually have some well summarized articles that talk about cryptocurrencies and the different economical aspects around them. I sometimes like reading such content. Do you guys have something like a blog or a news feed that displays such news on the website.

I saw some news link on the website but exclusively for updates about the service.

[Best_Change]

Nice read
I noticed you usually have some well summarized articles that talk about cryptocurrencies and the different economical aspects around them. I sometimes like reading such content. Do you guys have something like a blog or a news feed that displays such news on the website.

I saw some news link on the website but exclusively for updates about the service.

Thank you, JeromeTash!

As of now, we do not have a news feed or blog yet, but we are planning to launch it in the future.

You are welcome to check out our Telegram group https://t.me/bestchangeeng where we share crypto and financial news on a daily basis.

[Best_Change]

Miners will start to switch off after the halving, and Bitstamp plans to expand its listing

 Some miners will stop working after the halving

States a report by an analytic company Coin Metrics. Despite the fact that Bitcoin price has recovered to the level of $6,300, for many miners the breakeven point is higher than that.

“We expect miners to follow a cycle of decreased profit margins, increased selling, capitulation, and a culling of the least efficient miners from the network. Once this cycle is complete, the miner industry should return to a healthier state that is supportive of future price increases,” the analysts say,

Last week, Bitcoin mining complexity fell by a record 16%, according to BTC.com forecasts, after the next eight-day cycle, it will decrease by another 12%. This will also reduce the profitability of mining for inefficient equipment, according to Coin Metrics.

 Bitstamp may launch trading Ethereum Classic, Zcash and Stellar

Bitstamp, one of the first European cryptocurrency exchanges, is considering listing Ethereum Classic (ETC), Stellar Lumens (XLM), Zcash (ZEC), Basic Attention Token (BAT), Paxos Standard (PAX), USD Coin (USDC) and 0x (ZRX).

The platform’s specialists will thoroughly study the technical characteristics of these cryptocurrencies, as well as their compliance with the security requirements of the exchange and the legislation of some countries. It is worth noting that Bitstamp is extremely cautious about listing coins. Currently, only five crypto assets are traded on the platform: Bitcoin, Ethereum, XRP, Litecoin and Bitcoin Cash.

 Cryptocurrency trading volume on exchanges increased by 60%

Trade turnover at 22 popular crypto platforms grew by 61% in Q1 of 2020, according to the report of The Block media.

In the last quarter of 2019, the figure was $96 billion, and currently, it has increased to $154 billion — almost the same level as in Q3 of last year.

The volume of transactions in the Bitcoin network increased by 11% to $ 178 billion, while the amount of commissions remained virtually unchanged at $20.12 million. The average BTC block size has slightly increased: from 1.14 MB to 1.17 MB. In January, the share of SegWit transfers exceeded 70%, and the number of public Lightning channels increased by 3%.

[Darker45]

Cryptocurrency trading volume on exchanges increased by 60%

Trade turnover at 22 popular crypto platforms grew by 61% in Q1 of 2020, according to the report of The Block media.

61% in just a quarter of a year is so high a growth. That is indeed incredible.

I am now wondering, do you happen to have your own statistics in your site as well that could somehow corroborate this figure? Was there also such a growth recorded in your quarterly turnover?

[Best_Change]

Cryptocurrency trading volume on exchanges increased by 60%

Trade turnover at 22 popular crypto platforms grew by 61% in Q1 of 2020, according to the report of The Block media.

61% in just a quarter of a year is so high a growth. That is indeed incredible.

I am now wondering, do you happen to have your own statistics in your site as well that could somehow corroborate this figure? Was there also such a growth recorded in your quarterly turnover?

Thak you for your question. We do not have exact statistics, but our data shows an approximate growth of 25% of our project in Q1 in comparison to Q4 of 2019.

[Best_Change]

Bitcoin is again trading above $7,000, and the ETH exchange balance reaches its maximum since 2016

 Bitcoin has gone up to $7,000

BTC price today has gone over the mark of $7,100 —over the past 24 hours, cryptocurrency has strengthened by 5%.

Since March 13, bitcoin has grown in price by more than 80%. Most of the crypto assets from TOP-20 also added in value: Stellar (11.69%), TRON (9.51%) and Ethereum (6.42%) have demonstrated the highest growth.

Earlier we noted that the capitalization of the USDT stablecoin exceeded $6 billion for the first time. A number of analysts attribute the increase of the number of Tether tokens to the rise in bitcoin price.

 ETH exchange balance reaches its maximum since 2016

Since the end of last year, the volume of ethereum stored on trading platforms has increased by 21% to 18.187 million ETH.

According to Glassnode, this is the highest level since December 2016 and it accounts for 16% of all circulating coins. Interestingly, the indicator is inversely correlated with the price of ETH. Thus, for 12 months from December 2016, Ethereum has risen in price from $6 to $ 1,350 — at the same time, the cryptocurrency exchange balance has decreased from 18 to 8 million coins.

On March 13, the ETH price fell to $95, which was the lowest since December 2018. Now the coin is trading near the $154 mark.

[examplens]

I have one suggestion for you to improve the quality of your service.
When someone searches exchangers there, it will be great if we have information where KYC is mandatory and which countries are allowed.
I was going through registration on some of the exchangers and at the end, I can't use it without passing KYC. Just waste of my time if I don't want to give them my personal data.

[JeromeTash]

-snip

Maybe the information can be added under the profile page of the exchange service. That part where one can see few details about the service such as  status, Reserve, Age, reviews etc. Your Idea is not bad by the way though it will take a lot of work to update the information for all exchanges if the bestchange team decides to do it.

[examplens]

-snip

Maybe the information can be added under the profile page of the exchange service. That part where one can see few details about the service such as  status, Reserve, Age, reviews etc. Your Idea is not bad by the way though it will take a lot of work to update the information for all exchanges if the bestchange team decides to do it.

Yes, I know. Maybe is here lot of work, but going forward and things have to improve. I think KYC is a very important thing for all, exchangers and their customers, and adding one badge can't be a big problem (I hope so). it directly affects a lot of users whether or not they use an exchanger.

[Twinkledoe]

-snip

Maybe the information can be added under the profile page of the exchange service. That part where one can see few details about the service such as  status, Reserve, Age, reviews etc. Your Idea is not bad by the way though it will take a lot of work to update the information for all exchanges if the bestchange team decides to do it.

Yes, I know. Maybe is here lot of work, but going forward and things have to improve. I think KYC is a very important thing for all, exchangers and their customers, and adding one badge can't be a big problem (I hope so). it directly affects a lot of users whether or not they use an exchanger.

A lot of work but it would really help their customers. I've checked that site also as I'm seeing here in the forum and they have long list of exchanges that I don't know about. So I am guessing a lot of them are also local crypto exchanges. If they can at least include the main country of operation, at least we will know basically who they are serving. But anyway, that's too much to ask but would help their customers in the long run.

[JeromeTash]

A lot of work but it would really help their customers. I've checked that site also as I'm seeing here in the forum and they have long list of exchanges that I don't know about. So I am guessing a lot of them are also local crypto exchanges. If they can at least include the main country of operation, at least we will know basically who they are serving. But anyway, that's too much to ask but would help their customers in the long run.

That information is actually there. Pick an exchange of your choice and then click on the review part


You will be redirected to a company or service profile which will contain some vital information about the service such as country, age of the service, reserve, status etc

[Best_Change]

We know that the need of KYC or the absence thereof can be a decisive factor when choosing an exchange platform, and a long time ago we implemented icons that inform users whether an exchanger requires verification:





You need to hover your mouse and a pop-up with more information will appear.

We have other icons telling whether in this particular exchanger:

- registration is required
- the exchange rate is not fixed
- you need to verify your card
- the exchange is done manually by an operator

and others. If there are no such icons, it means the opposite - the registration is NOT required, the exchange rate IS fixed etc.

These extra bits of information along with their rates should help you choose the exchanger that best suits your needs.

[Best_Change]

 Bitcoin Cash undergoes halving

On April 8, in the Bitcoin Cash network block reward was halved. It was reduced from 12.5 BCH to 6.25 BCH at block height 630’000. The night before halving, the coin went up from $251 to $275, but today it has again dropped in price to $257. In about 12 hours, halving of Bitcoin SV, another fork of the first cryptocurrency, will happen. According to BSV developer Bat Jasper, this will negatively affect cryptocurrency as it will make its mining less profitable than mining bitcoin. We would like to remind that halving in the network of BTC itself is expected on May 13, the reward will drop from 12.5 BTC to 6.25 BTC.

 U.S. national debt hits a record $24 trillion

According to Trading Economics, the U.S. public debt is currently $24.018 trillion. It grew by an additional $4 trillion over 4 years under Donald Trump. The sharp increase of this figure was caused by the U.S. Federal Reserve program to support the economy during the financial crisis brought about by coronavirus. The regulator intends to print $6 trillion worth of banknotes. Earlier, TV presenter Max Kaiser called the dollar “debt coupons,” and popular writer Robert Kiyosaki called for investing in bitcoin and gold: “IF US Debt to GDP ratio 60% world sound. Today US Debt to GDP 110% and climbing. US bankrupt”, he tweeted.

 The number of ETH addresses has exceeded 70 million

The number of addresses in the Ethereum network has reached 70 million, the Glassnode service draws attention.The figure began to sharply grow in November 2017 before the coin set a price record of $1,300. Since that time, the cost of ETH was mostly falling and today it is $171. Despite this, the number of addresses has increased 8.2 times since November 2017. The number of active addresses in March was about 230 thousand - the figure correlates with the price of ethereum. The maximum at the level of 715 thousand was set in January 2018, when the cryptocurrency price reached a historical record.

[Best_Change]

 China has published a new cryptocurrency rating

Bitcoin is only ranked 14th in the rating. BTC has lost three more positions, giving way to Cosmos (ATOM), Stellar (XLM) and Dash. TOP 3 remains the same since the February ranking: EOS is in the first place, followed by TRON and Ethereum. Lisk, IOST, NULS, Qtum, NEO, XLM and Dash are in top ten. This is already the seventeenth evaluation made by the China-based Ministry of Industry and Information Technology (CCID). Projects are evaluated on three parameters: basic technology, applicability and creativity.

 Binance exchange launches mobile bitcoin options

Binance, one of the largest cryptocurrency exchange services, announced launching bitcoin options. The function is only available in the latest version of the exchange’s mobile app. At the moment, users can trade bitcoin options paired with USDT - in the future, the platform plans to expand the list of instruments. Binance chose the American version of options in which the deal can be closed before the contract expiry date. The exchange’s statement states that their options provide “a shorter time frame compared to traditional options”, ranging from 10 minutes to 1 day.