Crypto-Curios: Expanding Your Investment Portfolio

Ever since the rise of bitcoin from almost nothing to over $60,000 in 2021, the world began to see cryptocurrencies in a different light. Although the early adopters of bitcoin are relishing the gains of their investment - some of which are multimillionaires now - experts have said that it's still quite early to join the crypto world.  Today we have large institutional investors who are beginning to invest in crypto projects. The likes of Elon Musk, Bill Miller, and Carl Icahn have made a massive turn to embrace crypto and channel significant investments into various cryptocurrency projects. Interestingly, some of these billionaires were the ones who didn't just have doubts but completely disregarded bitcoin when it launched in 2009. However, it seems everyone wants a piece of the cake. So why the massive shift? What changed the minds of these big-time investors? This article will focus on why traditional investors are beginning to consider, and even prefer, crypto as they expand their portfolios.  Why People Invest In Crypto Attractive ROI Unlike stock investing or apartment building investing, where you only see significant profits after a few years. With cryptocurrency, you can double or quadruple your principal in one year or less. Cryptocurrencies like Solana and Etherium are just a few out of the many that spiked in less than a year. Bitcoin went from almost nothing in 2010 to over $500 in 2013: So if you had bought a thousand bitcoin in 2010 at $0.01 (meaning you spent $10), barely three years later, you would've been $500,000 richer. No real estate, bonds, or shares can give you such massive gains in such a short period.  Early adopters of bitcoin are millionaires today for doing what seems like nothing. Meanwhile, stock investors would monitor stock trades, and real estate investors would have to maintain their assets while waiting for major profits, usually after 3 - 5 years.  Cryptocurrency can comfortably give you 10,000% returns for long-term investment and 100% returns for the short term. Check out this bitcoin chart showing its rise from 2010 to 2021. It is speculated that bitcoin may continue to rise to $100,000 in the next decade of its use. Investors have realized what they missed, so they're wary of making the same mistake they did the first time. Cryptocurrency is changing the world, just like the internet did When the internet first launched in the late 1990s, a lot of people were skeptical about it, saying it wasn't safe, it was a scam and all that. Only a few risk-takers invested in the internet, and even fewer businesses were bold enough to take their business online. Today, these are the billionaires we know; names like Bill Gates, Jimmy Wales (founder of Wikipedia), and several others today are where they made that big shift when many of their peers were in doubt.  The internet revolutionized the world and business as it were. Today too, it seems history is repeating itself. Cryptocurrencies are here, and it seems they've come to stay. In the same way the internet took businesses and companies digital, so too cryptos will take our hard currencies digital. Investors would give anything to go back and invest in the internet in its early days. But since they can’t, crypto is the next best thing that has the same impact.  Anyone Can Become Wealthy Yes, crypto has made many common people who knew little about investments, stocks, real estate, bonds, etc., into millionaires. There are many testimonials from all over the world about how cryptocurrency has changed lives. This is why you find so many people on Twitter and Telegram chasing airdrops. They know that just one lucky coin can change their lives forever.  Seasoned investors with all the traditional knowledge of investing see this as the new gold rush. If crypto assets can make anyone rich, imagine what it can do for active investors who can dig into all its underlying factors?  Wide Range Of Investment Opportunities There are many ways to make money from crypto. You can invest in small assets, trade crypto futures, farm and stake crypto, mine cryptocurrencies, etc. Also, there are many assets to choose from, both new and old. The new ones, usually airdropped for free to a whitelisted minority, sometimes hold the most potential but aren't always trusted. However, trusted assets like bitcoin may not experience spikes like newer crypto projects, but they're safe and recognized worldwide.  Given the wide range of opportunities and quick returns, no other form of traditional investment comes close to what the cryptocurrency world offers. No Fixed Capital Stockbrokers would tell you to have a certain minimum amount before you can buy stocks. Shareholders would tell you the price of shares. Even real estate consultants would tell you how much capital you must have before you can set up or own real estate. But with cryptocurrencies, there are no limits or capital barriers to entry.  You can invest in as many projects, coins or tokens as you want, with whatever amount you choose. It all boils down to how much risk you're willing to take and how much money you want to make in returns. That’s attractive to anyone.  Easy Access Another reason investors are turning to crypto investments rather than investing in stock is that cryptocurrencies are easier to buy than stock. There are a variety of cryptocurrency platforms available that are easy to use and offer many different ways to buy assets (debit and credit cards, PayPal, bank transfer, etc.).  CONCLUSION Most investors who passed on bitcoin during its early days are making a U-turn on that decision nowadays. Be that as it may, it's not too late to invest in cryptocurrencies. You never know which token can become the next bitcoin or Ethereum. Remember that the crypto world rewards early adopters, patient investors, and action takers. Published on May 12rd, 2022, guest post by Young and the Invested.

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Top 7 Beginner Friendly No Code Crypto Trading Bots

Sooner or later cryptocurrency traders start thinking about automating their trading strategies. However, creating a crypto bot sounds like something very complicated to a non-tech person. The good news is that if there’s a problem, the market always finds a solution to it. There are different platforms that offer trading bots under SaaS conditions. Today we will have a look into 7 platforms that offer truly easily-configurable no-code trading algorithms. Beginner users will particularly appreciate the ease of building their strategies with such drag and drop or plain text tools. Cryptohopper Different plans, starting from a free one Target audience: anyone No code is needed Cryptohopper is one of the most famous crypto bot platforms. It was founded in 2017 by two dutch brothers, a day trader and an engineer. This mix allowed Cryptohopper to grow fast from a handmade tool to an international company. The platform offers a wide range of instruments for automated crypto trading: portfolio management, copy and social trading, crypto bots and a trading simulator. All this without coding or programming. The platform is cloud based and is available 24/7, the bots employ AI. There are tools that suit any kind of needs: from beginners to professional traders. You can copy strategies from professional traders, sign up to trading signals and use pre-configured bots. To professional traders Cryptohopper offers a range of tools that allow them to automate their technical analysis. It is even possible to train the platform’s artificial intelligence by setting up custom strategies. Cryptohopper has four pricing plans, starting from a free one. It is integrated with more than a dozen crypto exchanges, but all of them charge trading fees, unlike Lykke. The company is based in the Netherlands.  Bitsgap Different plans, starting from 29 USD monthly Target audience: anyone No code is needed Bitsgap is a crypto trading platform that includes a trading terminal, a portfolio management interface, a trading bot and a demo environment where you can test your trading strategies. It is integrated with more than 20 exchanges, of which all charge trading fees, unlike Lykke. The bot is already preconfigured, but you can edit your own strategies or add predefined strategies that have shown successful backtest results. The platform is no-code, you don’t need to learn how to programme a bot. Bitsgap has three pricing plans, the starter plan costs 29 USD monthly, however, you can first subscribe to a free 7-day trial period. The platform is cloud based and non custodial. The company is based in Estonia. Cleo Different plans, starting from 69 USD monthly Target audience: anyone No code is needed Cleo is a crypto trading bot that can be configured in plain text, without having to code or program anything. It is also curious that it’s asset agnostic, you can use Cleo not only for crypto trading but also for forex, equity trading, and commodities. The platform is integrated with a handful of exchanges that all charge trading fees, unlike Lykke. On the integrated exchanges, you can place orders manually or run your strategies as a crypto robot. To build a strategy you have to set up a series of rules. The strategy can be backtested before it goes live. The platform has a “panic button” that allows you to cancel all your open positions if you consider so. Creo is cloud-based and device-independent. The platform is quite expensive, the pricing starts at 69 USD per month. The company is headquartered in London and operates from Prague. Coinrule Different plans, starting from a free one Target audience: anyone No code is needed Coinrule is a platform that was built by a group of crypto and blockchain enthusiasts, as they put it themselves. The mission of the platform is to give anyone the necessary tools to compete with hedge funds in the crypto trading market. The platform is easy to use, it requires no coding skills. The platform offers three plans: a free one, a 30 USD and a 60 USD monthly plan. However, the number of exchanges with which this platform is integrated is quite limited. The software is offered on a SaaS basis and the company is based in the UK. Cryptohero Different plans, starting from a free one Target audience: anyone No code is needed Cryptohero is a trading bot platform that is integrated with multiple exchanges. It is cloud-based and it is available for different devices, desktop and mobile. Unlike many other similar platforms, it does not offer a trading or portfolio management interface, but it may be very good news to those who are only interested in the bot because this is reflected in a very democratic pricing model. The pricing starts from a generous free starter plan while the most expensive one costs some 30 USD. The bot allows you to copy the existing AI-powered well-performing bots, set your parameters to develop your strategies, basktest and paper test. All this through a visual interface without coding. The company is headquartered in Singapore and has a presence in Switzerland, Vietnam and USA as well. Paratica Different plans, starting from a free one Target audience: anyone No code is needed Paratica is a trading bot platform that offers different tools based on your proficiency level in cryptocurrency trading. For beginner traders, it offers the possibility of copying a bot of an experienced trader and editing its parameters. For experienced traders, it offers an editor, dozens of indicators and the possibility of testing. The platform is an MVP and it’s being currently developed. It’s integrated only with Binance, but more exchanges are being added. However, they all charge trading fees unlike Lykke. The company is based in Turkey, but the community is international. Upbots Different plans, starting from a free one Target audience: anyone No code is needed Upbots is a crypto bot marketplace, sort of an Algo store. You can choose from a range of bots based on their performance and rating. The fee structure is also interesting: you pay as you go, if your bot is losing, you’re not paying until it recovers the losses. The platform has its own token, UBXT, it can be staked. Another interesting product offering is a bot for DeFi. The platform’s vision is very interesting and visiting their website is totally recommended! The company is based in St. Vincent & the Grenadines. 

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9 Powerful Crypto Bots with a Visual Strategy Editor

A crypto trading bot is nothing more than an algorithm that executes automatically buy and sell orders on your crypto account. In other words, a crypto bot is a computer program that does the trading for you. There are different types of crypto trading robots. They can differ by the algorithm or the underlying strategy the bot uses to make trading decisions. They may differ by the coding language used to develop them. Some traders prefer to code a trading bot themselves and others rely on existing bots and use SaaS or open source solutions. This post opens a series of blog posts about SaaS or open-source trading bots that we will publish at Lykke. Lykke exchange is your best choice for crypto Algo trading because we charge zero taker and maker fees. Therefore, high-frequency crypto trading becomes highly profitable because you don’t lose money on trading fees. If you want to connect a trading bot to Lykke Exchange, find the API documentation here. Choosing a Crypto Bot There are different types of cryptocurrency bots in terms of their technical complexity and user-friendliness. The choice ranges from delegating your money to a professional trader (so you don’t even have to understand the strategies used) to copy trading or drag and drop bot editors to coding your own bot yourself. Today we will have a look at those crypto trading algorithms in our selection that require the trader to understand crypto trading strategies and signals. If you are a complete beginner in cryptocurrency trading, these bots may not be the right choice for you. We will prepare a separate list for beginner-friendly crypto trading bots. Trality Different pricing plans from 0 to some 60 USD Target audience: seasoned traders Bot editing tools: visual strategy editor and code editor Trality is a powerful tool for building a trading bot. It is designed to serve casual traders and traders who want to automate their trading strategies. The platform offers two ways of building a crypto bot: by combining a set of rules in a drag and drop intuitive editor or by coding a bot in a dedicated editor. The platform is integrated with four major exchanges, all of which charge trading fees. If you’re up to testing it, there’s a free plan that allows you to run one bot with unlimited backtesting. The platform is cloud-based and you don’t have to download or run anything on your computer. An interesting detail about the platform is that it’s building a marketplace for crypto robots. Users will be able to get access to profitable bots coded by other users. The company behind the platform is based in Austria and was founded in 2019. The transparency of the company surprised us positively: you can email the team or connect with the members on LinkedIn. For support, you can refer to tutorials and a dedicated Help Center. The platform does not offer any affiliate or referral programmes. HaasOnline Plans start from 0.009 BTC Target audience: seasoned traders Bot editing tools: visual strategy editor and code editor HaasOnline is a truly powerful platform for crypto trading bot configuration. It is highly customizable and offers a wide range of options for crypto bot building. It is worth mentioning that the platform has been on the market since 2014 and it uses its own language for coding bots - HaasScript. However, it does not mean that you have to be able to code, you just need to understand what strategies you want your bot to follow. If you have little experience, you can rely on some predefined battle-proven Haas bots. If you’re able to code, you can also use C# apart from the native script. The platform is cloud-based and you can be sure that your bots will never stop working. HaasOnline has a massive community and some support resources are user-generated. At the same time, the platform offers different channels for support requests, as long as a dedicated Help Centre. It is also a transparent team with their LinkedIn profiles listed on the website. The company is based in Belize, however, it seems to have German origins. The platform offers a referral program. Margin Plans start from 15 USD Target audience: seasoned traders Bot editing tools: visual strategy editor and Python editor Margin offers not only bots but a whole trading platform that supports multiple exchanges, among them Lykke for zero fee trading. What you can do with this platform is to switch between exchanges by using the same intuitive and visual interface. Indeed, the platform was originally built as a powerful and user-friendly trading terminal with a configurable GUI, RSS feeds rendered in-chart and visually user-friendly technical indicators. But apart from these comforts, you can run any of Margin’s five predesigned bots. You can configure them easily in a visual mode without having to code. However, if you are comfortable coding, you can write your own bot in Margin’s Python editor. Margin has four pricing plans, Lykke users have a promotional discount for the Starter plan activated for the Lykke exchange. Just introduce the discount code “Lykke” when signing up. To use the platform you have to download it and run it from your computer. Having truly an enormous choice of exchanges, Margin offers an arbitrage option but at the moment, only to institutional clients. Margin is a German company that functions very well both technically and from the support point of view. You can use their detailed guides on how to use each bot or contact the support which is very responsive. Quadency Free (until the new release is ready) Target audience: from beginner to seasoned traders Bot editing tools: visual strategy editor Quadency is a trading platform where you can aggregate your exchange accounts and automate your trading strategies. It was built with the idea of making crypto trading simple through an intuitive interface and ready-to-go trading automation tools. The platform is available for mobile devices as well. Apart from the intuitive interface and crypto trading bots, the platform offers various options for data collection. You can track your performance in different venues, access market screeners and charts, and get market insights from reliable sources with promotions and ads filtered out. The platform was built in 2018, left Beta in 2019 and is still being developed. The good news about it is that for the time being, it is available free of charge. The company has its token that fuels the development of the products. The platform is integrated with quite a few exchanges and is based in the USA. The team members’ Linkedin profiles are available on the site, which clearly adds to transparency. The platform highlights its security levels, which is also nice to know. To contact support you can refer to the Help Centre or click on the chat button. The platform has an affiliate and a referral program. 3Commas Different plans from 0 to some 100 € Target audience: seasoned traders Bot editing tools: visual strategy editor 3Commas is a trading automation SaaS platform that offers much more than just bots. It offers a trading interface for manual trading, as well as crypto bots for trading automation. The platform also allows users to purchase trading signals, create portfolios and finally, it offers investment solutions. Currently, it is integrated with some 20 exchanges, none of which offers zero trading fees. The company is based in Estonia, it started up as a tool the three of its founders developed for personal needs of crypto trading automation. Since then it has grown into what it is today. The company’s mission is to make crypto trading automation user-centred. The development approach is feedback based. The platform has an ambassador programme. Tradesanta Different plans, starting from 15 USD per month Target audience: from beginner to seasoned traders Bot editing tools: visual strategy editor Tradesanta is a company built with a mission of making crypto Algo trading simple for everyone. The platform offers a trading interface, trading bots and signals. It is connected to some 10 exchanges of which none offers zero trading fees. The interface is quite intuitive, indeed, the platform is also available as an Android and an iOS app, which makes it truly user-friendly. For each bot, you can find a simple tutorial on the web, and the configuration becomes very simple. Tradesanta also offers a referral program, and users can finance their subscription fees with their referral gains. There’s no free starter plan. The company is based in the British Virgin Islands, nevertheless, it’s compliant with the DGPR. Kryll Plans: pay as you go Target audience: from beginner to seasoned traders Bot editing tools: rent a bot, copy trade, visual strategy editor Kryll is sort of an Algo store where you can rent a bot coded by a community member. You can also rent out your strategies if you’re comfortable coding and if your bot is profitable. To build your bot, you can use a powerful editor with an unlimited number of strategies, backtesting is totally free. The platform is cloud-based and it’s integrated with nine exchanges, all of them charge trading fees. It’s worth mentioning that Kryll is also available as a mobile app, while pro traders will appreciate Tradingview integration. There’s no fixed fee, you pay as you use. We didn’t find on the website any “about” information, company registration data or T&Cs. Judging by the platform’s Twitter account, it’s located in France. The founders’ and the teams’ LinkedIn profiles are available on the website. To contact the support service you can email the team or join their Telegram group. Botcrypto Plans: starting from 0 € Target audience: seasoned traders Bot editing tools: visual strategy editor Botcrypto is a tool for bot creation, it was built by three young French programmers who developed it into a fully-functional platform run 24/7. The website does not offer much information on the company or the platform itself. However, any curious user can try it themselves with a free plan. At the moment, only two exchanges are supported and both have trading fees. If you want to contact the platform for more information or support, there are various forms of doing so, including the founders’ LinkedIn profiles. The platform also has a partner program. ProfitTrailer Plans: starting from 0 € Target audience: seasoned traders Bot editing tools: from visual strategy editor to advanced editor ProfitTrailer is a crypto bot that comes with a variety of addons. It is integrated with quite a big number of exchanges. It has various free and paid subscription options, depending on the number of active bots, connected exchanges and additional perks. The tool is available for all kinds of devices - both desktop and mobile. However, you have to run it on your premises. The bot can be configured by using a powerful config tool. The company is based in Curaçao and is quite transparent in terms of company registration information or contact details. It also has an affiliate program. About Lykke Lykke is a zero free crypto currency exchange platform registered in the UK. Our zero taker and maker fee policy makes us an attractive venue for API, high-frequency or crypto Algo trading. By eliminating the trading fee, we maximise your profits on each transaction. If you need support connecting your crypto trading bot, please contact our support team by email at support at lykke.com Published on March 30th, 2022.

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How to Buy XRP / Ripple Without Paying Fees at Lykke

This article is a step-by-step guide on how to buy XRP / Ripple without paying fees. By registering on the no fee crypto exchange Lykke, you can buy 20+ cryptocurrencies with zero trading fees, XRP included. Moreover, considering that under the current special offer we also cover the bank deposit fees for our clients (the fees of our bank, but not the fees your bank may charge or not), you can buy XRP completely without paying any fee at all, isn’t it amazing? What is XRP - the Ripple cryptocurrency? XRP is one of the top cryptocurrencies in terms of market capitalization, ranking within the top ten at the moment of writing. However, understanding XRP is not an easy task because of lots of debate that it provokes in the crypto world. First of all, there’s a debate on whether XRP is a cryptocurrency at all. A cryptocurrency by definition is decentralized and secured by cryptography. If XRP is clearly secured by cryptography, there have always been doubts about whether it’s truly decentralized. According to the website of Ripple, XRP was launched in 2012 as the native cryptocurrency of the XRP ledger. This is a blockchain where the XRP transactions are stored. However, unlike in the case of “classic” cryptocurrencies, XRP cannot be mined, it was premined at its inception by Ripple Labs. Therefore, some cryptocurrency enthusiasts consider that it’s a proprietary digital currency and not a cryptocurrency. Moreover, the consensus algorithm used by the XRP ledger is also somewhat untraditional: whereas most cryptocurrencies use proof-of-work or proof-of-state validation systems, XRP has its own consensus mechanism which depends on the agreement about each transaction between 36 independent validators, of which 6 belong to Ripple. Secondly, the XRP ledger and cryptocurrency should not be confused with the RippleNet payment system, which is a product by Ripple designed for financial institutions such as banks and payment providers. It’s a system for banking information exchange, similar to SEPA or SWIFT. While this network can use XRP for payment processing, XRP is not the only currency that can be used by the network. Another doubt with regards to the XRP cryptocurrency is whether it’s a security or not. It surges from the accusation of the SEC, a US regulator, which filed a lawsuit against Ripple Labs on December 22, 2020 claiming it’s a security. The reason for considering it a security is that the currency was issued by a company with the expectation of its growth. However, as Ripple Labs stated, earlier, Ethereum, a blockchain that functions in a similar way, was passed by the SEC as not a security given that the blockchain is decentralized. In the case of XRP, at the moment of writing, the parties are gathering more evidence for further trials and there’s no expectation that the case will be closed any time soon.  At the same time, the trading of the currency was seriously affected by the lawsuit and most exchanges suspended it. Lykke was among one of the first crypto exchanges that made the decision to renew the XRP trading. Moreover, at Lykke, it’s possible to trade XRP completely without fees (zero taker and maker fees and zero deposit fees apply). See below how! How to buy XRP with no fees: Get registered and KYC-approved on Lykke exchange. This is very easy. You can use the web terminal or download a mobile app for Android, iOS or Huawei AG. Once you've been approved, you can deposit your funds. Make a deposit: Fiat by bank transfer (we cover the banking fees of our bank, but your bank may charge a fee on your side) Crypto from another crypto trading platform (we don’t charge any fees for receiving a deposit) To make a deposit just click on the "deposit" button in the trading platform or in the app and choose the type of deposit you would like to make. Then follow the instructions, they are very intuitive. If you're making a banking deposit, remember to insert your transaction ID as the purpose of payment. Exchange your funds to XRP with no taker or maker fees, even if you use a trading bot. XRP is available in pairs with BTC, ETH, USDC, USDT, EUR, USD, CHF.   About Lykke Lykke is an umbrella name for a group of companies that operate on B2B and B2C levels on the blockchain market. The core business of the company is the homonymous zero-fee crypto exchange. The trading venue has been on the market since 2015 and it differentiates itself from the competition thanks to its trading conditions, reputation of a transparent company, human support and high standards of security. The exchange serves all kinds of traders and investors: retail, API, and corporate offering the same trading conditions, namely zero trading fees, regardless of the volume a trader generates.

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Cryptocurrency Fees Explained

Understanding cryptocurrency trading fees may be a challenge even for people who are not newbies on the crypto market. In this article, we will look into different types of crypto fees and explain why zero trading fees are a great advantage for all kinds of traders. To understand crypto fees, let's walk along the whole process of starting cryptocurrency trading. The first step is to get registered at a crypto exchange, which is totally free without exceptions. The second step is to get KYC-approved and deposit your first funds, this is where the first fees may be charged. Fees for Depositing to a Crypto Exchange In most cases, cryptocurrency exchanges do not charge you anything for receiving your incoming transfer in crypto. Some cryptocurrency exchanges allow you to deposit only crypto and others also have a fiat gateway. A fiat gateway, or a fiat ramp-on, is a system of payment that allows you to deposit fiat (central bank currencies) such as Euro or USD. There are various options you can choose from: depositing by SEPA or SWIFT, depositing through a payment gateway such as PayPal or Wise, or depositing by credit card. Crypto exchanges usually don’t charge anything for accepting your bank wire deposit. At Lykke, we not only charge zero fees for receiving your bank deposit, but we also cover your bank's commissions unless these are correspondent bank’s fees that we do not cover. This is a temporary offer that is valid at the moment of writing, but may not be valid anymore when you will be reading the article. These are truly unique conditions on the crypto market. At Lykke, we currently don't offer other fiat deposit options, but other exchanges might have deposits by PayPal, credit card or other payment providers. Such options are typically offered by special payment providers and therefore, normally have quite high fees. However, it may be worth it if you need to fund your account instantly to take advantage of a trading opportunity. Crypto Exchanges Trading Fees It is commonly known that a crypto exchange, offering a marketplace service to its clients, needs to charge some trading fees in order to monetize the service. A trading fee is the commission that an exchange charges each time a trader buys or sells cryptocurrency. This means that if you want to buy Bitcoin at a low price, then wait and sell it at a higher price, you would pay the fee two times: when you buy and when you sell. This is super simple, you would say, however, understanding cryptocurrency trading fees may result more complicated than it seems. Each exchange has its own policy, make sure you study it carefully and understand before you make a trade and get a surprise. In most cases, crypto trading fees vary a lot depending on several factors. Primarily, these factors are (1) your role in a transaction and (2) the aggregated trading volume that you eventually generate. When we talk about the role in a transaction, we have to distinguish between people who provide liquidity and people who consume it. They are called “makers” and “takers”. Taker and Maker Cryptocurrency Fees These terms refer to the trading opportunities that crypto traders create or take advantage of on a crypto exchange. All players on the market are interested in making money, exchange is what creates opportunities for making money. However, if an asset is not interesting to many buyers, it is more complicated to exchange it: people just don’t buy it, this means that it lacks liquidity. Therefore, everyone is interested in maintaining the liquidity of assets: the exchange and the traders.  To stimulate it, exchanges offer lower fees to those traders who create liquidity. They are called “makers” because they make markets. They place limit orders and populate the order book, the denser the order book the more liquidity an asset has. Therefore, an exchange normally favors the maker behavior and charges lower fees to makers than to takers. Takers are those players who consume liquidity by closing the open limit orders. They remove orders from the order book and therefore, exchanges charge them higher fees. Zero Cryptocurrency Trading Fees Contrary to the common misconception, there are exchanges that do not charge any trading fees, which means that both taker and maker fees are zero. Many players on the market simply do not conceive the idea that an exchange business model may be less simplistic than just charging trading fees, and therefore, automatically assume that all cryptocurrency trading platforms charge fees. However, this is far from the truth. Many DeFi platforms operate on a commission-independent model, however, in case of a DeFi, a trader faces the risk of not being able to receive any technical or legal support when needed. The conditions are better, but the risk appetite should be higher to operate on such platforms. The solution to this problem is Lykke exchange, which is a centralized and compliant exchange that charges zero trading fees. Our business model does not depend on commissions, moreover, we smartly optimize the processes and KPIs in order to maintain solid liquidity and guarantee low buy-sell spreads. This model is possible thanks to financial engineering expertise and is based on research in high-frequency finance. This may sound complicated, but all you need to know is that no matter how many trades you execute, even if you use a high-frequency crypto trading bot, you will pay zero fees for your transactions on the exchange. Zero trading fees is an important advantage for all kinds of traders, but it is especially favorable for high-frequency traders. This is just simple math: on a mainstream exchange, the more you trade the more you pay in trading commissions because you pay a fee for each trade. Even if you lose money when you make a mistake when trading, you still pay a fee. In high-frequency trading, a bot may easily perform hundreds of trades per day, so just imagine the amount of money you would pay as trading fees. Lykke eliminates this inefficiency and gives crypto API traders the opportunity to open and close positions without being concerned about paying fees and calculating the total profit after the fees are paid. If you still do not have a trading bot, we recommend you benefit from our promotion for Margin.de bots. If you purchase a starter plan for Lykke exchange and introduce the code “Lykke” you will receive a 30% discount. Cryptocurrency Blockchain Transaction Fees Cryptocurrency transaction fees may be the most difficult concept to understand. First we have to keep in mind terminological questions, such as what digital currencies are cryptocurrencies and what are not. Giving a definition is not the purpose of this article, however, it’s worth mentioning that a cryptocurrency is decentralized and reliant on blockchain technology. If a currency is emitted by a centralized body, it’s not a cryptocurrency, such as CBDC, but just a digital currency. If the code is decentralized, there should be an economic model behind it to incentivize developers to mine the blocks. Therefore, many cryptocurrencies have their inherent fees that have to be paid independently of the cryptocurrency exchange to fuel a transaction on the given blockchain. The typical example here is GAS, a utility token of the Ethereum network that is used to pay for ether transactions. The more GAS you add the faster your transaction will be added to a block in the blockchain. This is the principle common to many other blockchains, just get informed about their specific conditions before you start trading. Crypto Exchange Hidden Fees “Hidden fees” really sounds like something not nice and so it is. Probably, the most strident example are the inactivity fees whose existence users normally discover either because they have read all 10+ pages of the exchange’s Terms and Conditions or because they have noticed in their account that they had been charged a fee. At Lykke, we do not have any inactivity fees, the only fees you will pay are the withdrawal fees if you withdraw cryptocurrency and a recovery fee if you’ve sent your funds to a wrong address. Wrong Crypto Address Recovery Fees Blockchain technology is a new concept with some special characteristics: it’s immutable, it’s public and hence transparent, and it’s sometimes little user friendly when you have to operate with cryptography with regards to the 12-word backup seed or deposit addresses. Add to this hard forks, token migrations to a different blockchain, and changes in exchanges’ listing policies. For this reason, it’s not uncommon for people to send their funds to a wrong address or to keep on an exchange a delisted or migrated asset. In such cases, when technology permits, the exchange can take action to recover the lost funds, but there will always be a recovery fee to compensate for the developer resources needed to recover your funds. Bottom line: please do check the notifications of your crypto apps not to miss important updates. Fees for Withdrawing your Cryptocurrency Revenue When you want to withdraw your funds from a cryptocurrency exchange, you generally have two options: withdraw crypto to another platform or withdraw fiat to your bank account. In both cases, crypto trading platforms charge a fee. In the case of Lykke exchange, we charge cryptocurrency withdrawal fees, but we cover your fiat withdrawal fees if you send your funds directly to your bank account. Just like in the case of deposit fees, this is a temporary special offer that may not be valid anymore at the time of reading. Tracing the bottom line, you have surely noticed that there are lots of fee types that you have to take into account when you start crypto trading. It may be complicated if you use several platforms whose taker and maker fees depend on the volume and don’t have the same pricing.  If you're looking for simplicity and cost-effectiveness, Lykke is a smart choice: forget about taker and maker fees and just trade for free! About Lykke Lykke is a no fee crypto exchange registered in the UK and operating on the market since 2015. It was founded by Richard Olsen, formerly founder of OANDA. In our view, blockchain technology allows market players to design products and services that can truly democratize finance by eliminating the middleman, fueling exchange and eliminating inefficiencies such as trading fees. Apart from our beneficial fee policy, we offer robust architecture, 24/7 human support and a safe trading environment in compliance with KYC and AML regulations.

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How to Buy ADA With Fiat Without Fees

Wondering how to buy Cardano (ADA) without fees? It’s easier than you might think. In this article, we will tell you how to buy Cardano with cash by bank transfer in three simple steps.  ADA is one of the top assets on Coinmarketcap, the native currency of the Cardano project. Cardano is building a third generation blockchain that is environmentally sustainable, based on a research-driven consensus protocol and offering various applications. Among these applications, there are verifiable smart contracts and Dapps. Cardano, in fact, is aiming at becoming the default blockchain for an entire ecosystem of Dapps. With all that, ADA becomes an attractive asset which many investors and traders are interested in acquiring or trading. Lykke Wallet cryptocurrency exchange offers its clients a possibility to trade, sell or buy Cardano without fees. To do that, follow several simple steps below. How to buy Cardano's ADA without fees - a step by step guide 1. Get registered and KYC-approved at Lykke Wallet commission-free crypto exchange. 2. Make a bank transfer (in Euro, Swiss francs, or GBP). Lykke covers the bank fee for its users, but you might have to pay the correspondent bank fees, if any. Lykke is probably the only exchange on the market that covers the deposit expenses for the user. You can also make a crypto transfer from another cryptocurrency exchange to Lykke crypto exchange. The other venue might charge you some withdrawal fees, however, at Lykke, we don't charge any fees for crypto deposits. 3. Exchange your fiat funds directly into ADA without trading fees. The trading pairs at the moment of publishing are: USD, CHF, EUR, GBP, BTC, ETH, USDC, USDT, check here the latest information on the trading pairs. Why is the zero crypto trading fee policy important for traders? A trading fee is a commission that a crypto exchange charges for each transaction on it. These are generally known as the taker and maker fees. In cryptocurrency trading, sometimes you have to do multiple trades before you actually make profit. However, even if your trade is not profitable, you still have to pay a commission, which does not incentivize traders to increase the frequency of their trades. On Lykke exchange, the taker and maker fees are zero. If the trading fee is zero, no matter how many trades you execute, you never pay taker and maker fees. Therefore, our no trading fee policy is particularly beneficial for API traders who use bots to automate their crypto trading strategies and increase the frequency of trades. If you still don't have a trading bot, we recommend you have a look at the Margin platform with a range of popular crypto trading bots already available for customization. If you introduce the discount code "Lykke" when purchasing a Margin bot, you will get a 30% discount on the Starter plan for trading on Lykke exchange. About Lykke Wallet Lykke Wallet is a cryptocurrency and forex digital exchange based in Switzerland and founded in 2015. It has gained a reputation of a transparent venue committed to regulation compliance. The exchange offers a web trading platform and apps for Android and iOS. Professional traders can connect their trading robots via an API. Both retail and API traders enjoy very favorable trading conditions with zero trading fees and low buy-sell spreads at Lykke. Learn more and get registered here.

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