Tron and XRP massive volume leads to Binance restricting new users. Exchanges that have emerged from the ashes for new Investors.
Reminder, this is not financial advice this is just information I am sharing with the crypto community that I feel can help investors.
Binance has begun to experience server issues linked to extreme trade volumes from coins such Tron (TRX) and Ripple (XRP). Due to this recent surge in price and trade activity, Binance has restricted new user registrations. Bittrex and Bitfinex also have already canceled new registrations on their platforms so new exchanges with new coins are beginning to emerge as stronger players in the crypto marketplace.
There are several reasons that I believe these new exchanges will emerge as big players within this market. Kucoin in the past week is now trading 10,142 BTC in volume, which is 400% up from last week alone, while Gate.io has a very smooth UI that will attract new users that can’t sign up to Binance, Bittrex or Bitfinex. Kucoin and Gate.io are both extremely simple to sign up for and are very easy to trade, withdraw and deposit new coins into their corresponding wallets
Gate.io is a very slick exchange that has a great UI and is very new-user friendly. With many exchanges having server issues thanks to massive trade volume and excitement on both TRON (TRX) and Ripple (XRP). Gate.io is a haven for new investors to buy both Tron $TRX and Ripple $XRP as they are still accepting new users and offer both of these highly anticipated coins. The recent Bitcoin dip has offered a great buy opporitunity for both of these anticipated coins, which new investors can take advantage of on this exchange. Gate.io also offers a variety of new coins and this referral link will get anyone who signs up a 10% off discount on all their trading fees for 6 months:
Gate.io Trading Fee Discount
A screenshot of Gate.io's slick user interface:
Kucoin is another exchange which stands out because they are a Chinese exchange that is very similar to the layout of Binance and they have a variety of new and exciting coins.
With the way that the market has been reacting do not be surprised to see new coins like Tron (TRX), Ripple (XRP) Red Pulse (RPX), Dent (DENT), Deep Brain Chain (DBC) and other Nep5/ERC 20 found on exchanges like Kucoin and Gate.io continue to rise as new investors flood the markets.
Kucoin is an exchange that has a very similar layout to Binance. What makes their exchange so exciting is that they have their own share which has seen an increase of over 3751.65% this past week. See livecoinwatch for all statistical data referenced in this article.
Kucoin shares offer many benefits to the shareholder by holding these, share owners receive a daily Bonus / dividend called KuCoin Bonus. The Bonus they receive is 50% of Kucoins daily trading fees. If the volume and amount of coins traded increases, the bonus of holding the Shares will increase as well and dividends are paid daily. kucoinshares.com is a great site to check out to see how much a daily Bonus / dividend a shareholder receives daily.
Another interesting incentive Kucoin holders receive is that shareholder which holds Kucoin shares will have reduced trading fees on their platform. For every 1000 shares an investor holds, their trading fees will be reduced by a small %.
I do believe there are a lot of coins that can make investors a lot of money on this exchange, for example Oyster pearl (PRL), a coin first listed on Kucoin has seen a 30-day price increase of 77463.66%. Red Pulse (RPX) a coin trying to solve the problem of information overload and Neo's first nep-5 ICO was also first listed on Kucoin, and saw an increase of 1121.87% over the past 30 days. Neo the "Chinese Ethereum" is also a coin available on Kucoin that is not available on Gate.io.
Another cool aspect of Kucoin is their referral program, it is pretty complex but definitely incentivizes users to refer people to their exchange as it has a 3-tier system in the form of direct invites, indirect invites and a second indirect referral program. This 4-minute video explains the program much better than I could write it out if you are interested in signing up for Kucoin; If you would like to support the information I provided feel free to use my referal link if you decide to sign up Kucoin Referral link :
The Kucoin referal program is all explained in the video below:
The crypto market will continue to grow and with Binance, Bittrex and Bitfinex not accepting new users, exchanges like Kucoin and Gate.io will be the only way for new users to jump into the market. At the end of the day, the more people that get into this market the better the entire market will do.
The exchanges referenced in my article:
All statistical data retrieved from: Livecoinwatch
If this information provided has helped you or the community my Bitcoin donation address is: 1BTSUWjmiDnXJwT8oby5zS693YrFxLH8C8
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