Is Binance a good alternative to other crypto exchanges?

If you want to keep up with the world of cryptocurrencies, you should do regular research. Exchanges and types of currency follow each other quickly and you naturally want to know where the best investments are. If you also find it so important to keep up-to-date information, then you have undoubtedly heard of Binance. has enough information. This cryptocurrency exchange is becoming more and more popular. But is this party also reliable? Does it serve as a good alternative to, for example, Bitvavo and Litebit?

About exchanges

Crypto exchanges, crypto exchange, exchange: The platforms on which crypto currencies such as bitcoin are traded have many names. They all do about the same. They are online platforms where you can buy and sell cryptocurrency. Some of these platforms have additional features that make it an extra attractive platform, such as:

? a digital place to store your cryptocurrency;

? service and interface in a particular language or multiple languages;

? support from brokers;

? insurance and certain security.

Based on the additional factors but you have a choice for a particular exchange. Safety is always important in this. The world of cryptocurrency is relatively new and not at the mercy of laws and regulations. In fact, cryptocurrency is designed to store and trade money independently of the traditional financial system. Still, there are platforms that offer security and guarantees on their own. Often the choice for an exchange is based on these kinds of additions.

Binance as an exchange

Binance is one of those exchanges you can turn to. The question is how reliable this platform is. Binance was founded in 2017 and therefore relatively young. You can trade different types of currencies. has enough information. The company is located in the Cayman Islands, a tax haven that has traditionally offered many opportunities for tax avoidance. It is also one of the reasons that people doubt the reliability of Binance.

The Binance exchange is active on the Dutch market, but it has not yet obtained registration from the Dutch regulator. The exchange therefore acts in violation of laws and regulations, according to De Nederlandsche Bank, and is therefore illegal. Buying via Binance is therefore much more difficult.

Bitfinex: a good alternative?

Bitfinex is one of the oldest and most important cryptocurrency exchanges. Bitfinex has everything you could wish for. It is therefore a smart alternative to Binance for those who like to use a foreign and large exchange. However, Bitfinex has also been hunted by major financial watchdogs worldwide. The tricky thing about trading cryptocurrencies is that it actually goes against the principles of the established financial market. Exchanges therefore often have a history of lawsuits and illegality.

However, Bitfinex is easier to use and more reliable for Dutch traders. If you would like to work with a large, foreign party, Bitfinex is probably a wiser choice than Binance. However, it is still possible to trade via a Dutch exchange such as Bitvavo.

Bitcoin Taps $40K To Close Out July On A Bullish Note – eToro Crypto Roundup

Bitcoin is up 7% in the past week and ended July with a bullish boom that could mark the end of a multi-month decline. Across the market, cryptoassets are flashing double-digit weekly returns. Ethereum has doubled Bitcoin’s gains by adding 14% ahead of the EIP-1559 upgrade on its way to Ethereum 2.0, XRP is up 15% on freshly signed partnerships, and the release of a new roadmap has hit the so-called ‘Ethereum killer’ NEO helped to rise 36. %.

The market-wide rebound comes despite heightened regulatory uncertainty, with developments in Washington D.C. threatening to dampen market sentiment by introducing cumbersome tax reporting rules. In addition to the upcoming EIP-1559 upgrade, Ethereum’s higher jump could be driven by increased trading activity in non-fungible tokens (NFTs). (XTZ) Tezos has risen.

Certificates of Authenticity

These unique certificates of authenticity minted on the blockchain have sparked a craze for collectible avatars and artwork. Among the most coveted collections are Stoner Cats, created by American actress Mila Kunis, and CryptoPunks, a copy of which went on sale last week for more than $90 million.

Ethereum scaling solution Polygon is also benefiting from the NFT boom. Matic, the token powering the network, is up 4% in the past week – contributing to a rapid increase of over 60% since the launch of NFT-focused Polygon Studio in late July.

Regulators put crypto in their sights

Rising prices appear to be reinvigorating regulators, and last week marked a dramatic turn for lawmakers in Washington DC. good for?” Senator Elizabeth Warren was the most ardent crypto critic and unknowingly created a new meme by suggesting that the market is controlled by “shadowy super-coders”.

Then it was announced Thursday that a last minute change had been made to the $550 billion infrastructure bill. This added new tax reporting requirements for cryptoassets, which some analysts suggest could slow the industry’s growth. Cryptocurrency soorten can be found online.

Maker, Enjin and Shiba Inu featured on eToro

In response to the overwhelming demand, eToro Maker (MKR), Enjin (ENJ) and Shiba Inu (SHIBxM) took notes. Lending Protocol MakerDAO is one of the most popular DeFi applications, Enjin is a blockchain development platform targeting NFTs and Shiba Inu is an Ethereum-based rival to Dogecoin. Shiba Inu is represented on eToro as Shiba (in millions), where one Shiba (in millions) unit on eToro is equivalent to one million Shiba Inu Tokens.

Week ahead

The looming infrastructure bill will have the attention of merchants this week as it could be presented to the House of Representatives and the US Senate within days, according to Senate Democratic leader Chuck Schumer.

On Wednesday, the London hard fork of Ethereum is expected to go live and could cause volatility for the leading smart contact platform or launch smaller proof-of-stake competitors in the event of delays or accidents.