In this article, we will take a look at two of the most popular cryptocurrency exchanges in the world: Coinbase and Coinhako. Both of these exchanges are popular ways to buy and sell Bitcoin, Ethereum, and Litecoin. Coinbase provides a wide range of services, including a wallet that allows you to buy/sell Bitcoin and Ethereum at their current listed prices. We will also look at Xfers, a secure payment solution that has excellent customer service.
Coinbase is the world’s most popular way to buy and sell Bitcoin, Ethereum, and Litecoin
Coinbase is a cryptocurrency exchange and brokerage company that has been around since 2012. Its founders are Fred Ehrsam and Brian Armstrong, both of whom were once traders and engineers at Goldman Sachs. It is popular among consumers and institutional players in the crypto industry. Its platform allows users to buy and sell cryptocurrencies using a credit or debit card.
Coinbase uses a network of safe deposit boxes and uses industry-leading security practices to protect your investments. Coinbase’s security features are among the best available, with 98% of its customers’ assets held in cold storage. Coinbase also encrypts transactions using bank-standard encryption and requires two-factor authentication. Nevertheless, some users find the Coinbase customer service to be unresponsive and difficult to use.
Getting started with Coinbase is relatively easy. Users can create an account by entering their date of birth and the last four digits of their social security number. They can then choose to invest in Coinbase’s exchanges. After setting up their account, users must link a bank account to Coinbase. To do this, they must login with their bank account using their normal banking credentials. Once this is completed, the account is open for use.
Coinhako is a wallet that allows you to make an easy purchase / sale of Bitcoin and Ethereum at their listed price
In Singapore, Coinhako is the first exchange that trades traditional currencies for crypto assets. They currently trade the Singapore Dollar for Bitcoin and Ethereum. They also have a very high daily price deviation, with Bitcoin’s price swings reaching 10x the daily average of most major currency pairs. Coinhako is a homegrown cryptocurrency exchange that is headquartered in Singapore. Coinhako has over 200 staff members and regional offices. As of 2021, Coinhako reported a total trading volume of S$7 billion, a 1200% increase from the previous year. Coinhako also obtained an MPI licence to conduct DPT services, a major recognition by Singapore’s financial regulator.
To open an account, you must first verify your identity with Coinhako. This process may take up to 7 days, but withdrawals are usually processed within two business days. However, during the holiday season and weekends, withdrawals can take up to seven days. If you’re not able to wait for these times, you can contact a local bank for assistance. Coinhako offers simple, easy-to-use UI and pricing models. For advanced users, Coinhako also includes a detailed breakdown of the price of each cryptocurrency, which is helpful for making informed trades.
Xfers is a secure payment solution
Xfers is a payment processing service that acts as a middleman between your bank account and cryptocurrencies. You can top up your account in 10 minutes and trade bitcoins online in real time. It is free to use, but there are some limitations, such as a 1% admin fee if you do not follow deposit instructions. Users may also have to use a bank account that accepts USD to transfer funds to Xfers.
To begin, you must link your bank account with Xfers. Then, you’ll need to deposit funds into your Digital Goods Wallet, a type of wallet for cryptocurrencies such as Bitcoin. Once you’ve done so, you’ll want to select your bank account and the amount you wish to transfer. After that, you’ll need to select Xfers as the payee and link your bank account to it. Finally, you can transfer funds to the other end of the chain via FAST.
Xfers has good customer service
In a nutshell, Xfers is a much more secure way to send and receive money. They store your cash before transactions and are available round the clock. To use Xfers, you must first deposit SGD to your Xfers account, mint it into XSGD stablecoin, and then transfer it to Coinhako. Each transaction involves a small 0.55% deposit fee, but Coinhako supports credit cards and debit cards. It is also possible to use VND as a payment method.