Wybo Wiersma – a 40-year-old Oxford University graduate – has been sentenced to four and a half years in prison after scamming over $2 million in crypto from unsuspecting victims. Following his arrest in 2019, the Dutchman was extradited from the Netherlands back to the United Kingdom (UK) in 2021. Following a five-year investigation by the South East Regional Organised Crime Unit (SEROCU), he pled guilty on January 26 to the Oxford Crown Court. A Five-Year Investigation As reported by…
The Best Crypto Exchanges in the United Kingdom (UK)
Here is a list of some of the most reputable and widely-used cryptocurrency exchanges in the United Kingdom:
- Binance: Binance is a global cryptocurrency exchange popular in the UK for its wide range of trading pairs and low fees.
- Coinbase: Coinbase is a US-based exchange with a strong presence in the UK. It is known for its user-friendly interface and strong security measures.
- Kraken: Kraken is a well-established exchange popular in the UK for its high liquidity and low fees.
- Bittrex: Bittrex is a US-based exchange with a good reputation for its security and wide range of trading pairs.
- Bitstamp: Bitstamp is a European exchange popular in the UK for its low fees and high liquidity.
- Gemini: Gemini is a New York-based exchange known for its high security and compliance with regulatory requirements.
- CEX.IO: CEX.IO is a UK-based exchange that offers a wide range of trading pairs and is known for its user-friendly interface.
- Coinmama: Coinmama is a well-established exchange popular in the UK for its ease of use and wide range of payment options.
- eToro: eToro is a social trading platform that allows users to trade a wide range of assets, including cryptocurrencies. It is known for its user-friendly interface and copy trading feature, allowing users to copy more experienced traders’ trades.
- CoinCorner: Formerly known as Coinfloor, CoinCorner is a UK-based exchange known for its high liquidity and focuses on security. It offers trading in many cryptocurrencies, including Bitcoin and Ethereum.
- Bitfinex: Bitfinex is a Hong Kong-based exchange popular in the UK for its high liquidity and wide range of trading pairs. It also offers margin trading and lending.
- Crypto.com: Crypto.com is a UK-based exchange that offers a wide range of cryptocurrencies and features a user-friendly interface. It is known for its low fees and fast transaction speeds.
- OKX: OKX is a Malta-based exchange that offers a wide range of trading pairs and is popular in the UK for its high liquidity and low fees.
- KuCoin: KuCoin is a Singapore-based exchange popular in the UK for its user-friendly interface and wide range of trading pairs.
Before choosing an exchange, consider the fees, payment methods, verification process, and security measures offered. It is also important to research and read reviews of the exchange before deciding. The crypto market is highly dynamic, new exchanges are always emerging, and the above list is incomplete.
What Is Crypto Historical Data and How to Use It in Trading
Crypto historical data refers to past information related to cryptocurrencies such as Bitcoin, Ethereum, and others. This data includes various metrics such as price, trading volume, and market capitalization. Crypto historical data is useful for several purposes in crypto trading. First, it helps traders and investors make informed decisions by comprehensively understanding the crypto market's past performance. Crypto Historical Data Use Cases Here are some of the ways crypto historical data is used in crypto trading: Technical Analysis: Traders use…
How to Effectively Predict Crypto Prices
Predicting crypto prices is a complex task and requires a combination of technical analysis, fundamental analysis, and market sentiment. Here's a guide to help you effectively predict crypto prices: Technical Analysis: This involves studying past market data, including price and volume trends, to identify patterns and predict future price movements. Use charting tools, such as candlestick charts, to visually represent this data. Fundamental Analysis: This involves analyzing the underlying factors that may impact the value of a cryptocurrency, such as…
Guide to Value a Cryptocurrency
Valuing a cryptocurrency can be difficult and subjective, as many factors contribute to its worth. However, here are some steps and considerations for valuing a cryptocurrency: Market capitalization: This is the total value of the cryptocurrency in circulation. It is calculated by multiplying the total number of coins by the current market price. Adoption and usage: The more people use cryptocurrency, the more valuable it is likely to become. This includes individuals and businesses using it for transactions or as…
The Best Crypto Portfolio Trackers (Coin Trackers)
Crypto portfolio trackers are apps or websites that allow users to monitor their cryptocurrency holdings across multiple exchanges and wallets in one place. They connect to users' exchange and wallet accounts through APIs (Application Programming Interfaces) and automatically track the user's cryptocurrency holdings and transactions. The tracker updates in real-time and provides an overview of the user's total portfolio value, asset allocation, and returns. This allows users to track their investment performance and make informed decisions easily. What Should The…
An Overview of Different Cryptocurrency Scams
Cryptocurrency scams are fraudulent schemes that are becoming increasingly common as the popularity of cryptocurrencies continues to grow. They can take many forms and are often designed to appear legitimate investment opportunities or exchanges. Unfortunately, these scams can cause significant financial losses for individuals and harm the reputation of the cryptocurrency industry as a whole. It is crucial for anyone considering investing in cryptocurrencies to be aware of the various types of scams and to take steps to protect themselves.…
What Are Crypto Data Aggregators?
Crypto data aggregators gather data from multiple sources to provide comprehensive and real-time information about the cryptocurrency market. They pull data from various exchanges, trading platforms, and other sources to centralize the information and present it in a user-friendly format. The data includes cryptocurrency prices, trading volume, market capitalization, news, and other relevant information. Crypto data aggregators use algorithms to clean, process, and normalize the data to ensure accuracy and consistency across multiple sources. The information is then presented in…
What Is CoinGecko?
CoinGecko is a cryptocurrency data aggregator and tracking platform. It provides information and insights on the cryptocurrency market, including price, volume, trading activity, developer activity, and community growth. How CoinGecko Works Data Aggregation: CoinGecko collects crypto data from various cryptocurrency exchanges, wallets, and blockchains to create a comprehensive database of cryptocurrency information. Calculation of Metrics: CoinGecko calculates several metrics, such as market capitalization, trading volume, liquidity, and community growth, to provide a comprehensive overview of the cryptocurrency market. Display of…
What Is CoinMarketCap (CMC)?
CoinMarketCap (CMC) is a website that provides information about the cryptocurrency market and tracks the capitalization of various cryptocurrencies. It was founded in 2013 and has become one of the most popular cryptocurrency data providers. CMC aggregates information about the prices, volume, and market capitalization of cryptocurrencies from various exchanges and calculates the average value. Furthermore, the website displays this information in real-time, giving users a comprehensive overview of the cryptocurrency market. CMC tracks over 22,000 cryptocurrencies, including Bitcoin, Ethereum,…
What Are Crypto Pyramid Schemes?
A crypto pyramid scheme is a fraudulent investment scheme where returns are paid to existing investors from funds contributed by new investors. It's called a "pyramid" because it typically has many new entrants at the bottom, with each layer representing fewer investors. Example: John starts a pyramid scheme and invites five friends to invest 1 Bitcoin each. John promises to return 2 Bitcoins to each participant in a month. John needs 10 Bitcoins to fulfill his promise, so he invites…