FX

Stoopiddogface

That's pretty bullish if they're going to be w BIS. Settling FX markets is a lot of traffic

milonuttigrain

It was FX at first then move to crypto, start with BTC, ETH and then BNB. Profit for the whole year was $2000. That’s why I stopped.

milonuttigrain

I started with FX and it is already foolish enough, but day trading crypto is another level. People trying to outsmart the market often get rekt.

nightfly13

Yeah I'm in another nation where there's an 8-10% price premium. Fewer sellers in said currency than buyers, and not enough FX liquidity to arb the differential.

basic_user321

Sanctions, remittance fees, hi FX fees, mayhe OP is in syria, and no banks have cross boarder transfers.

rjm101

What's bigger and is wider reaching? A German company which produces cars Or.. An open source global form of money It's like comparing the stock market to the FX market. FX market is way bigger.

BlondSquad

SCAM ALERT!!!!!!!!!!!! So this happened to me 3 weeks ago and it was a complicated moment for me, I was going through my Facebook feed and saw a post concerning investing with one FX Trader, The Facebook user said she invested $10,000 and got back 10times the amount in 5days, I decided to give it a try because the Offer was too good to reject, within a period of a month I had paid $20,000+ in total and each time I tried to withdraw they always ask me to pay for something else with the reason why I needed to pay to get my money and profit that had accumulated also telling me to refer someone before withdrawing my profit. I became tired and complained on a group luckily for me a user told me about a crypto recovery expert. I hesitated but then contacted him and he asked for the transaction history and details and within 7 hours they asked for my wallet address and sent me a whooping $20,000, I can't thank him enough. it's super incredible how they got mine back, you do all you can to help every victims!!! Just amazing, I applaud your ability to counter so many scammers with detailed measures and still be keeping it all cool without taking any credit from us, and if you already in one of this cases then you shouldn't hesitate to contact the recovery @wrath_hacker on Instagram

BlondSquad

SCAM ALERT!!!!!!!!!!!! So this happened to me 3 weeks ago and it was a complicated moment for me, I was going through my Facebook feed and saw a post concerning investing with one FX Trader, The Facebook user said she invested $10,000 and got back 10times the amount in 5days, I decided to give it a try because the Offer was too good to reject, within a period of a month I had paid $20,000+ in total and each time I tried to withdraw they always ask me to pay for something else with the reason why I needed to pay to get my money and profit that had accumulated also telling me to refer someone before withdrawing my profit. I became tired and complained on a group luckily for me a user told me about a crypto recovery expert. I hesitated but then contacted him and he asked for the transaction history and details and within 7 hours they asked for my wallet address and sent me a whooping $20,000, I can't thank him enough. it's super incredible how they got mine back, you do all you can to help every victims!!! Just amazing, I applaud your ability to counter so many scammers with detailed measures and still be keeping it all cool without taking any credit from us, and if you already in one of this cases then you shouldn't hesitate to contact the recovery @wrath_hacker on Instagram

BlondSquad

SCAM ALERT!!!!!!!!!!!! So this happened to me 3 weeks ago and it was a complicated moment for me, I was going through my Facebook feed and saw a post concerning investing with one FX Trader, The Facebook user said she invested $10,000 and got back 10times the amount in 5days, I decided to give it a try because the Offer was too good to reject, within a period of a month I had paid $20,000+ in total and each time I tried to withdraw they always ask me to pay for something else with the reason why I needed to pay to get my money and profit that had accumulated also telling me to refer someone before withdrawing my profit. I became tired and complained on a group luckily for me a user told me about a crypto recovery expert. I hesitated but then contacted him and he asked for the transaction history and details and within 7 hours they asked for my wallet address and sent me a whooping $20,000, I can't thank him enough. it's super incredible how they got mine back, you do all you can to help every victims!!! Just amazing, I applaud your ability to counter so many scammers with detailed measures and still be keeping it all cool without taking any credit from us, and if you already in one of this cases then you shouldn't hesitate to contact the recovery @wrath_hacker on Instagram

BlondSquad

SCAM ALERT!!!!!!!!!!!! So this happened to me 3 weeks ago and it was a complicated moment for me, I was going through my Facebook feed and saw a post concerning investing with one FX Trader, The Facebook user said she invested $10,000 and got back 10times the amount in 5days, I decided to give it a try because the Offer was too good to reject, within a period of a month I had paid $20,000+ in total and each time I tried to withdraw they always ask me to pay for something else with the reason why I needed to pay to get my money and profit that had accumulated also telling me to refer someone before withdrawing my profit. I became tired and complained on a group luckily for me a user told me about a crypto recovery expert. I hesitated but then contacted him and he asked for the transaction history and details and within 7 hours they asked for my wallet address and sent me a whooping $20,000, I can't thank him enough. it's super incredible how they got mine back, you do all you can to help every victims!!! Just amazing, I applaud your ability to counter so many scammers with detailed measures and still be keeping it all cool without taking any credit from us, and if you already in one of this cases then you shouldn't hesitate to contact the recovery @wrath_hacker on Instagram

milonuttigrain

Not only crypto but stock market and FX heavily depends on the US economy. Though I hope for a trend reversal, even though it will be slow.

milonuttigrain

Not only crypto but stock market and FX heavily depends on the US economy. Though I hope for a trend reversal, even though it will be slow.

krakensupport

Currencies supported? GBP/EUR via PayPal balance, bank transfer and plastic cards. 💷 💶 Processing times? Near instant. Please note that funds deposited through PayPal will not be eligible to be withdrawn for 7 days. 🗓️ Limits? There will be a €1,000 daily rolling limit on PayPal deposits (GBP equiv. based on our static FX rate), and minimum transfer of €1. Fees? PayPal does charge a fee which we outline to our clients in the UI before account connection and deposit initiation: - UK is 2.40% - EU is 3.39% I hope this answers some questions you may have! Keep em' coming! Bill from Kraken Support 🐙

mcfreiz

Invest answers is my number 1, I’ll have to check out FX

badadadok

Sorry, all three are on my not to watch list. Here's my daily watchlist 1. FX Evolution 2. James Invest Answer, Ben Cowen, Rob Digital Asset News, CTO Larsson 3. David Lin Report 4. Stansberry Research 4. PensionCraft 6. Wealthion

damianivan

Crypto is not the only volatile investment as you said. I trade FX and it's volatile though it's not the case of buy and hold. Stocks and crypto are mostly buy and hold. I'm holding a few stocks hoping they appreciate over time as well as cryptos like Matic, Hero and Ride which are currently developing on what they already have. So we should expect their prices to pump over time.

Tajo990

"Alexandre recruited many of his investors by exploiting his position of trust within his church and the Haitian community, even going so far as to enlist members of the church to help recruit Emini FX investors. As today’s sentence demonstrates, cryptocurrency executives who lie and cheat their customers will be held to account for their crimes." Amen to that

coinfeeds-bot

tldr; Eddy Alexandre has been sentenced to nine years in prison for running a $250 million crypto fraud scheme. Alexandre operated a crypto trading company called Emini FX and defrauded 25,000 individuals by fabricating investment returns and falsely claiming to use AI trading technology. He recruited investors by exploiting his position of trust within his church and the Haitian community. This case highlights the need for accountability for cryptocurrency executives who deceive their customers. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*

JugobetrugoN1

I think the Middle East has a lot of potential for crypto and FX, especially with the UAE’s progressive approach to regulation

LiftingandCooking

Thank you. This is a massive flaw in the CBDC cross border payment studies also. They bypass one of the major reasons trade is denominated in dollars (nobody wants long term exposure to your shitcoin, I mean currency) and magically solve it by inserting a magical FX broker into the CBDC system willing to take the shitcoin side of the liquidity pair, seemingly with unlimited liquidity.

nonameattachedforme

Yeah, I think if you are skilled at using technical analysis to make winning trades on forex, then crypto is easily the next best thing. Why? Arbitrage - there are fewer people in this space and an experienced trader can take advantage of the information asymmetry. 24/hr trading The volume is getting significant enough for many alts and especially the blue-chips that the spreads will rival that of FX.

Ultimate_Pickle

I’m with (and I love your username by the way!) GI-JoeExotic. Unless you have deep pockets, leverage trading is a minefield and you’re wearing clown shoes. I tried some leverage FX trading last year and got screwed. I wouldn’t even touch crypto leverage as exchanges can really set any price to manipulate liquidation. They control the order book, so know exactly what it takes to hit a trigger price.

thinkingperson

This. [https://www.reuters.com/technology/standard-chartered-bumps-up-bitcoin-forecast-120000-2023-07-10/](https://www.reuters.com/technology/standard-chartered-bumps-up-bitcoin-forecast-120000-2023-07-10/) >LONDON, July 10 (Reuters) - The value of top cryptocurrency bitcoin could reach $50,000 this year and $120,000 by the end of 2024 Standard Chartered (STAN.L) said on Monday, predicting the recent jump in its price could encourage bitcoin "miners" to hoard more of the supply. Standard Chartered published a $100,000 end-2024 forecast for bitcoin back in April on the view the so-called "crypto winter" was over, but one of the bank's top FX analysts, Geoff Kendrick, said there was now 20% "upside" to that call.

behind25proxies

Bro you are asked about the negatives of nano and the only thing you can come up with is 'yeh price action aint good' What about the fact that the NF has only 170k usd left in the known dev fund? Or i dont know, maybe perhaps the fact that basically nobody but the NF build on nano? Or maybe mention the fact that the NF is literally suing coinbase over using the word Nano? What about the fact that the NF and its overly enthusiastic community hyped up a bunch of use cases or adoptions, call it what you will, that all turned out to be nothing. Let me refresh your memory: 465di ❌ Dead after 2+ years with no updates. Flowhub ❌ Seemingly dead, at least for the foreseeable future by Kyles own admission. Razer ❌ Quite possibly never happened. Reportedly under "NDA", no updates in almost 2 years. Coinbase Listing ❌ Now in legal battle with CB, likely to lose, listing also likely off the table forever. Kappture ❌ No updates since late 2021. No real world traction. Poki ❌ Believe this never made it out of the "maybe this is kinda interesting" hackathon type project stage, but correct me if I'm wrong. Unnamed FX project ❌ See 465di. Amazon/AWS ❌ Was never anything more than a LinkedIn post. CoinCloud ATMs ❌ ? CoinCloud is still active but as of June 2023, Nano is not listed on their website as a supported currency. Need to confirm if still supported to be sure. Appia ❌ Dead, last update almost 2 years ago. XNOPay ❌ ? Website still states 'coming soon' as of June 2023.

Smiling_Jack_

https://support.kraken.com/hc/en-us/articles/201352466-How-to-buy-and-sell-cryptocurrencies-and-FX-on-Kraken

TheHoodOG

Before or after you told her?🕺 

4bidden450

Don’t pay fees to on ramp. You can walk into hundreds of thousands of MoneyGram locations and hand them local currency and immediately get USDC deposited into your Stellar wallet (1:1 no fees in US, no fee but FX spread elsewhere). You can then transfer to Coinbase or any other CEX that supports Stellar USDC.

coinfeeds-bot

tldr; Quick Take A potential global currency crisis is materializing, characterized by escalating FX movements. The DXY index, a measure of the U.S. dollar’s value relative to a basket of foreign currencies, has exceeded 103 – a peak unseen since July’s dip below 99. Concurrently, the GBPUSD has recoiled to 1.26 from a peak of 1.31. […] The post Dollar surge rings global currency crisis alarm as BTC holds strong appeared first on CryptoSlate. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*

lucho_p_12

Just.. look at this pair and you will understand. [https://www.tradingview.com/chart/?symbol=FX\_IDC%3AUSDARS](https://www.tradingview.com/chart/?symbol=FX_IDC%3AUSDARS) This is the power of printing money, in the hands of corrupt politicians year, after year. Argentinians have in their possession around 250 million USD in physical for a reason.

coinfeeds-bot

tldr; Claims about crypto exchange Huobi’s financial health and its executives’ legal entanglements have fueled market speculation over the weekend. Huobi has been witnessing continued outflows from its total locked-up value (TVL), dropping to $2.4 billion from a level of $3 billion in July. As reported by FX168 Financial News, there have now been rumors that […] The post Huobi insolvency rumors as USDT reserves decline on all exchanges except Binance appeared first on CryptoSlate. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*

GranPino

Not even 1000$ would be enough to be really a global asset. Only 250k tx per day. Only in the FX market, everyday there is 6.6 trillions in movements. Even if bitcoin only processed 1% of that amount, it would mean 66b, or 26,400 USD on average per tx, assuming that nobody is using bitcoin for anything mundane Do you want bitcoin to be the currency of the 0.1%? Really? The fact that you believe DOGE and LTC has any real future filling the gap, although they have less daily tx than years ago, it’s very naive. Do you realize that peak daily tx of DOGE was almost a decade ago? Doge only has a value as a meme coin that can be pumped again with Elon Musk Reality is barely anybody is using any of those coins for daily tx. Most of the people invest and hold, mostly using exchanges because they don’t want to actually interact with the blockchain. Unfortunately too many people hold unrealistic expectations about their own pet projects. Including myself

ColdColdMoons

As a trader, I can say fee free payments boost profitability trading 100x. If everyone used it as a currency FX traders would make a killing. Nano is profitable as a currency. The reason it is being silenced is a lot of money is against it. Plenty of people want to buy it or a searching for fee free coins. We have to start talking about the source of our problems. Shadow banning and deboosting. Instead of promoting fee free coins I will spend all my energy and my money calling this out. If Twitter censors me for it, I will find another way. This tech should not be silenced.

mikeb550

Pick your favorite fiat currency and use the appropriate FX rate to convert the entire worlds wealth into.

tchuckss

It's actually a coin. Made of bits. So it's currency. Trading bitcoin is now FX.

5alzamt

Thats a goos question. What does crypto exist for? What is its purpose? I view blockchain technology as a tool to remove the reliance on trusted third parties, increase speed, reduce transaction cost for simple (send money) to more complex (e.g. derivatives) transactions. I am totally convinced that the technology can serve many more purposes (efficient way to administer land register, concert or airline tickets, proof of origin of goods, …) All of this is done faster, and with less cost on Algorand compared to other chains. Bitcoin maxis will say it has to be a „store of value“. Well BTC value has proven to produce wild and unpredictable swings, too. As long as holding a token does not let you participate in a cash flow or represents ownership in something which represents value outside crypto world it is solely dependent on the hope someone will be willing to pay you a higher price to buy it from you in the future. In the absence of a central bank which holds FX reserves or gold and general adoption as legal tender it resembles participation in a ponzi scheme more than being proper „store of value“. We need more real life application of blockchain technology. This will create demand for the native token of the chain to pay for transaction fees. Chains on which more real life applications are built will thrive and their tokens will be a better long term investment than crypto which remains stuck in the proof of concept phase where we currently stand.

Qwahzi

I haven't been downvoting you, I appreciate the good discussion! I brought up the confirmation time mainly because of volatility. Prices don't usually change significantly in 500ms. Besides, even with market maker fees, transaction cost can be [<0.4%](https://twitter.com/mira_hurley/status/1654438032915701762) Of course most of crypto is too small for some large institutions & large transfers, but that's solved by time & adoption. That doesn't stop people from starting with smaller usecases (e.g. personal remittances) I don't think the world will operate on a single crypto, but I do think that cost & speed matter. There will always be a niche for 0 fees + <500ms full settlement. Imagine if there was an exchange and/or FX operator that settled in Nano - nothing else would be able to compete on cost or speed Here is an example of using Nano to convert to Nigerian Naira at the local rate - funds in the bank account within 10 minutes: https://twitter.com/mira_hurley/status/1653419450740224002

Qwahzi

Nano Foundation is the non-profit that was the primary developer behind Nano. 465 DI was a European company that wanted to use Nano for FX. Binance & Kraken are exchanges. Bbedward/Natrium are the crypto enthusiast that run Natrium & Banano: https://nanocharts.info/p/01/vote-weight-distribution All the representatives are random people/entities that are interested in using the Nano network, and then people choose them to be their representative. For example, here's my node, where 40+ people have chosen me as their representative: https://www.nanolooker.com/account/nano_3patrick68y5btibaujyu7zokw7ctu4onikarddphra6qt688xzrszcg4yuo

waxheartzZz

Schrodinger created the experiment to prove to the nerd losers that the particle isn't in two places at once, and the nerd losers have convinced the NPC masses the exact opposite. &#x200B; Your portfolio, by definition, has a current value of X, where X equals the value of it \* whatever FX rate you wish.

MaxTheRealSlayer

If they regulated crypto as gambling, they'd have to call FX markets, stocks, gold/silver and oil all gambling

joshwills65

I will say Golden FX is the way it is an organization that helps invest asset for companies and individuals who wants to grow there assets

Perfect_Ability_1190

The pilot achieved real-time settlement and real-time foreign exchange (FX) rate integration across the Thai Baht (THB), New Taiwan dollar (NTD), and South Korean won (KRW) in a test environment that aligns to current production capabilities. The PoC is EVM-compatible, meaning that any EVM-based stablecoin issuers can participate using the framework going forward.

Neophyte-

i was part of the australian cbdc pilot, XRPs use case is essentially gone now based on what ive seen. the central bank blockchains will allow FX settelement without the need of an intermediary token.

MihneaAlly

A nice write up from one of the community leads: Nice write up, ser. FX1 is not your average crypto project, it's actually trying to do something that bridges Web2 and Web3 by doing something completely different and not seen before in either. Call it Web2.5 if you like where it will feel natural and intuitive to both sets of users. It's unique in what it's doing, and although it might sound like it can't compete with the video streaming services for live sports, that's not what it's trying to do- it's offering something way more interactive and engaging, something that their market research showed Gen Z and Millennials are searching for. You just need to look at the rising popularity of 'Reaction YouTubers' to see this- where those who might not be able to afford a live sports stream, watch other people watching it (still can't get my head around this myself). There are Reaction YouTubers with millions of followers who can't afford, or are bored by the traditional sports streams, and FX1 will give these content creators not only an avenue to make new, innovative and exciting content, but also to earn directly from them with a revenue sharing model through the ambassador program. The fees for getting involve with a live AI recreated stream are far less than watching the real thing, with fees as low as $0.03per minute, which equates to less than $3 to follow a 90 minute soccer match or less than $1 to follow a 5 round MMA Championship fight, rising to $0.16 per minute for the full service package. FX1 offers a fun, socially interactive and engaging alternative to the traditional video streams, and users will have to ability to level up their rewards and incentives through a gamified NFT experience too, unlocking more customisation to their avatar as they progress through the ranks, and the more users consume, the faster they will climb. With the ability to customise the audio and visuals, users can create, and ultimately pay for, the exact experience they want to create and importantly only paying for the content they consume. So if you only want to watch one fight on a UFC card, and it's over within 3 minutes, that's all you pay for, or perhaps they might only want to watch the last quarter or innings of an NBA or MLB game, the choice is theirs to do just that. It's unique, it's bold, and it's definitely different, but the founders, Trent and Damien are proven entrepreneurs, and have successfully grown multiple businesses into multi million dollar companies from the ground up, and are certainly not your average 20 something, first timers making a meme just because they can. They have backing from multi World Champion surfer, Mick Fanning who's business resume is as impressive as his surfing career (seriously go check him out) and the AI technology is led by Tim Goebels, a true expert in the field. If you're looking for a crypto project solving a real problem, with the opportunity for serious growth potential, I suggest grabbing a cup of tea (I'm English if you couldn't already tell), cold beer or whatever is your tipple of choice and read through the white paper found here: https://twitter.com/FX1Sports/status/1667206178164621312?t=gRcRVp09uxVnrbm76rjJJQ&s=19 If you like what you see, come find us, and join the thriving community to ask anything you like. If it's not for you, I appreciate you reading this far and wish you all the best in your search for the next big thing, but in my opinion, FX1 deserves a proper look and consideration as you don't often get an opportunity to get in at the early stages of a ground breaking project like this. Thanks The Duke (Twitter: @Duke_ofWybourne) Community Lead for FX1

zackline

Hasten their efforts to achieve what? Attract more timebombs like FX or Binance that leave retail investors screwed for the benefit of some crypto whales? Crypto doesn’t do anything and it‘s obvious to anyone with two brain cells that AI is where it’s at. And there the US has the EU beat by miles. While US and Chinese tech companies prepare the next Industrial Revolution, people in the EU can more easily park their money in the glorified Ponzi-casino that is crypto. Great win there.

mistyrouge

They really don't want you to use it with that secondary prompt for payment method. I wonder why. Is it because of the extra FX risk due to BTC volatility? Is it some extra infra cost they aren't recouping in other countries? Something else. It would be great to have someone from McDonald's dive into how they made it happen, their constraints, etc

biba8163

There is a big difference in BTC miners selling into circulation and XRP founders keeping 20% of the supply for themselves and Ripple keeping 80%. You have XRP dumps like this that people still have not and may not ever recover from. - One wallet dumping ONE Billion XRP or 1% of the supply on Korean exchanges between January-Februrary 2018 when prices where in the $2-3 range. https://bithomp.com/explorer/rDahLhHJaowRYn4hRkS9S2YpAeiTR8mjBF - Ripple founder Jed McCaleb dumped most of his 9 BILLION or 9% of the supply after the SEC lawsuit in 2020 https://pbs.twimg.com/media/FX70nLiXgAIoHAn?format=png&name=large

biba8163

- Here is a wallet where ONE Billion XRP was dumped on Korean exchanges in January-Februrary 2018 when prices where in the $2-3 range. 1% of the supply was dumped within a month when prices were at ATH and XRP bag holders still are down -85% 5 years later. https://bithomp.com/explorer/rDahLhHJaowRYn4hRkS9S2YpAeiTR8mjBF - Besides the escrow, founders got 20% of the supply. Jed McCaleb sold most of his 9 BILLION or 9% of the supply after the SEC lawsuit in 2020 https://pbs.twimg.com/media/FX70nLiXgAIoHAn?format=png&name=large

Alarming_Glove4314

BIG SCAM BEWARE I was going through my Reddit feeds and sew this post about investing with one FX trader, the offer was too good to rejectad the Reddit user said invested x amount and got back 5X the amount within a period of 7days, I decided to give it a try too and within period of 6weeks I had paid $18,700 in total and each time they came up with a reason why I need to pay more to get my money and interest, I was fed up and complained on a site lucky a user recommended me to a crypto recovery experts on Instagram OTCRYPTOCURRENCYTECHNOLOGY 👈 I hesitated but then contacted them and they asked for transportation history and details and within 2hours they and for my wallet address and sent me the whooping $18,100 into my Coinbase wallet. I cami think this guy's enough , this should be a lesson to anyone out there trying to make the same mistake , and if you already in one of this cases then you shouldn't hesitate to contact the recovery experts too..

Alarming_Glove4314

BIG SCAM BEWARE I was going through my Reddit feeds and sew this post about investing with one FX trader, the offer was too good to rejectad the Reddit user said invested x amount and got back 5X the amount within a period of 7days, I decided to give it a try too and within period of 6weeks I had paid $18,700 in total and each time they came up with a reason why I need to pay more to get my money and interest, I was fed up and complained on a site lucky a user recommended me to a crypto recovery experts on Instagram OTCRYPTOCURRENCYTECHNOLOGY 👈 I hesitated but then contacted them and they asked for transportation history and details and within 2hours they and for my wallet address and sent me the whooping $18,100 into my Coinbase wallet. I cami think this guy's enough , this should be a lesson to anyone out there trying to make the same mistake , and if you already in one of this cases then you shouldn't hesitate to contact the recovery experts too..

Neophyte-

im very curious on how this will work implementation wise especially regarding this section: > One of the major applications of MTN is in facilitating cross-border payments by using stable, regulated, and scalable payment tokens. This will provide a more efficient and cost-effective alternative to traditional payment systems, improving transaction times and reducing foreign exchange costs. and this > Finally, the MTN could be used to secure Central Bank Digital Currency (CBDC) transactions. As demonstrated in Mastercard’s recent work with the Reserve Bank of Australia (RBA) on its CBDC pilot, it could ensure that CBDC transactions are secure, transparent, and compliant with regulatory requirements. i worked on the CBDC pilot in australia, did some coding to work with their quroum blockchain implementation. i know CBDC gets hate on here, but in reality it just provides a faster, less error prone FX settelement. thats the main use case take away i got from the poilot, they do this via working with other countires blockchains to do a trustless settlement via a hashed timelock contract. as opposed to swift that takes days and can fail at settlement, removes the need for vostro / nostro accounts for banks as well which saves them alot of money

yanwoo

I’ll take your word for it! I see various discounts for international payments for the various revolut tiers, and no (/reduced) additional fair usage fee for some of the tiers. It’s the combo of the 0.3% int fee + 1% fair usage fee on a standard account which makes it so expensive. Mine and my friends end to end cost from bank account to bank account is basically just the FX conversion fee on kraken (there is a small withdrawal fee of $0.30c from Kraken). Coinbase has a 0% fee for stable pairs on my friends side (maker order) to convert from stablecoin to USD and the ACH withdrawal is free. At a 0.08% volume tier on kraken, that means an end to end cost of €8.27 for €10k. With you revolut tier, if I did 15 €10k transactions to my friend in a year, that’d be €28 per transaction (assuming €150/yr for the tier & ignoring any other benefits of that tier). If you do a lot more transactions, then it would close the gap, obviously. But ofc ‘cause I have dollars on crypto rails already, it basically just costs the cost of sending a couple of transactions on polygon (a few cents each) to get it to my friends bank account (and anyway he doesn’t typically move to bank account either). And it's pretty much instant. There is a potential cheaper way using Interactive brokers who charge a tiny spot fx conversion fee (0.002%), which basically means anything up to $100k costs $2 (their minimum fee). You can transfer USD to revolut from IB (1 free a month) and then onwards to the US (for basically free if you have a higher revolut tier). Ofc you have to get funds onto IB if you don't have any and that may incur fees from your bank (I think you have to wire which typically cost some £) - altho I think they now support wise and that may be cheaper - I need to look into that. Re account freezing. Yes that is a risk, but also one that exists in tradfi when you move bigger amounts around. It’s probably a higher risk with crypto exchanges, closer to risk in fintech, because they’re both less mature operationally and their risk & control environments are less sophisticated and battle tested. They tend to get more false positives with their crude AML rules, and some are more risk averse (revolut not so much).

Slimalicious

JPM Coin is not crypto. JPM Coin is just an internal money movement platform to speed up transactions and settlements. While it uses blockchain technology with a proprietary token, it is absolutely NOT a cryptocurrency. What we should be focused on was underreported by media because the FTX implosion was occurring at the same time. Back around November 2022, JP Morgan executed a DeFi trade on Polygon. It was a tokenized FX swap, the first ever by a large US TradFi institution on a public blockchain. THAT was the biggest indicator that DeFi is here to stay and the large players have recognized they can’t ignore it. THAT is the real story.

Wild-Management-9517

SCAM ALERT BEWARE I was lured into investing with one FX trader, the offer was too good to reject as the user said she invested X amount and got back 5X the amount within a period of 7 days, I decided to give it a try too and within a period of 5 weeks I had paid $8,780 in total to the scam company and each time they came up with a reason why I needed to pay more to withdraw my money and earnings which they claimed had accumulated, I was fed up and complained on a site luckily a user recommended me to this crypto recovery experts On Instagram called @ALCONXTCH I was reluctant but then contacted them and they asked for the transaction history and details and within 7 hours they asked for my wallet address and sent me a whooping $31000, I can't thank this guy's enough, this should be a lesson to anyone out there trying to make the same mistake, and if you already in one of this cases then you shouldn't hesitate to contact the recovery experts for help. on Facebook or Instagram Telegram

coinfeeds-bot

tldr; A county commission in North Dakota has asked a utility company to cut power to a crypto mining data center being built by FX Solutions Inc. near Williston in Williams County. The $1.9bn center, which will be owned and operated by Atlas Power, has been hit by repeated construction delays and missed a June 16 deadline to meet several county stipulations for the project. The commission has also placed a six-month moratorium on any new crypto data centers to give the county planning and zoning department time to update ordinances in response to delays with the project. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

krakensupport

Hey u/Syriku_Official 👋 This is Pluto from Kraken, hope you don't mind me jumping in. I am linking few support articles which can assist you in your crypto journey with Kraken - 1) [Account setup - how to get started with Kraken!](https://support.kraken.com/hc/en-us/articles/201396417) 2) [Cryptocurrency Funding](https://support.kraken.com/hc/en-us/sections/4402657292436) 3) [How to buy and sell cryptocurrencies and FX on Kraken](https://support.kraken.com/hc/en-us/articles/201352466) The above articles are a good starting point. Feel free to reach out to us for any assistance you need by replying to this comment. Best, Pluto from Kraken 🐙

SpaceFaceMistake

I used Binance year back still have account but only used for airdrops and had less than $5 that I removed or moved the their day. Anyhow I really saw the issue when FX went down and BNB was or could have brought it out of death but that was a bad sign that they even considered it then pulled out. I was warned by some high level crypto investors in a group chat that several exchanges were expected to either fall or go bankrupt or end in law suits by the end of 2023 and would continue until every exchange that is or has done bad was rid of or had them pay back what they owed or payed damages if not dissolving the business or filing bankruptcy. With that said. Don’t think another exchange won’t go down soon. Especially those that aren’t highly secure or run as ONLY a DEX. Mixed Cex/Dex providers are much more secure as the Cex part means they are reporting their income or profits come tax time. Atleast Coinbase and CoinSpot are my two reliant exchanges with Spot now my more used and trusted event high I never had issue with Coinbase or withdrawing or anything as I’ve always kept my data or personal verification up to date and I think that is a huge reason (Id verification) not being done or whatever that cases many many issues that people report that can’t withdraw. But then again if I had an issue not moving my $BTC or other coins or having them locked for whatever issues I would be pissed and not use the service no longer.

relevantusername2020

tbh i think the "hacking event" has already happened & at this point theyre just trying to get approval. something about huge handouts of money w/o any real oversight and incomprehensible amounts in "hidden" FX swaps 🫡

Stashimi

HSBC FX everywhere doesn’t use XRP or ripple. It’s run by Baton Systems DLT, which looks like a ripple competitor. Wouldn’t get too excited because if you read the report it doesn’t recommend Ripple at all. https://www.gfmag.com/magazine/january-2022/wells-fargo-hsbc-cls-alternative-blockchain-tech ‘The platform runs on Baton Systems’ proprietary CORE DLT to settle FX trades in less than three minutes. The offering builds on HSBC’s FX Everywhere platform, which the bank claims settled over three million intrabank trades worth over $2.5 trillion since going live in 2018. “We are excited to grow the FX Everywhere network while ensuring we are well placed to transact in new forms of regulated digital currencies,” says Mark Williamson, global head of FX Partnerships & Propositions at HSBC. Baton’s success poses a challenge to Ripple’s XRP technology, the first digital system to use blockchain for FX settlement and widely adopted by banks around the world.

gowithflow192

Stock market is also 24/7 (after-hours trading). FX always was. Fractions have never been a problem for serious investors. That's more important for monetary use.

FlagFootballSaint

Poor countries need FX to stabilize their weak currency. If FX is converted to local currency "demand" is created, with keeps the value of the local currency afloat. This is why they need to cut down any form of money-flow that is not converting FX into their own currency: A tourist who converts into a local currency using his USD/EUR (etc) is a GOOD tourist because he helps to stabilize the local currency A tourist who buys goods with Crypto is a BAD tourist because that bypasses the local currency

UpLeftUp

&#x200B; >The thread is about ETH being undervalued from an economic perspective - go read the ETH shill article linked in the OP. You are basically saying, "I like ETH and don't care about its awful economic utility". You can't discuss something being undervalued without seriously looking at its economic proposition. I was responding to your sarcastic comment implying that Ethereum can't be considered the future of finance because you think $7 is too expensive to send a tokens. You then claim that people won't pay $1 for a basic transaction. I've been trying to explain to you that people are actually paying that and some people (myself as the example), don't think its too much to pay and don't really care about the fee. Show me the rule that says I have to take a position on whether ETH is overvalued or not to respond to a comment that seems ridiculous to me and runs contrary to not only my own experience, but the actual dynamics of the ETH ecosystem. &#x200B; >Tech matters when it comes to ease of use and economic utility. That is how an inferior OS, like Microsoft, came to dominate the market when Linux and iOS are superior in many ways. ETH is horrible in terms of ease of use and economic proposition. &#x200B; No, tech is one attribute. Ease of Use is another attribute which might be influenced by tech. Apple is a successful company not because they have the best tech. Plenty of business with crap tech are succesful industry leaders. There's very few business that have superior tech, suck with other aspects of the execution and are industry leaders. &#x200B; >Go through modern history and theres a bunch of examples. Betamax was technologically superior to VHS, but VHS was ultimately a better product because it better met consumers wants. > >Good example. Betamax failed it was too expensive to use. Thank you for making the case against ETH being undervalued. Again, pricing is one attribute. Some would say Betamax didn't have a wide enough range of titles. Some would say it wasn't marketed well enough. The point is, one attribute doesn't make a successful product. Are you trying to argue that all of the brands and variants of product in a supermarket are destined to fail, except for the cheapest one? All supermarkets themselves are destined to fail except for the cheapest one? All the banks... All different cars... Why does Amazon even bother listing more than one version of product? Surely you can see how ludicrous your position is. &#x200B; >For finance, where I put my money, I want something that seems reliable, transparent and trustworthy. I'm not going risk my money on a blockchain like Solana that has a reputation of being unreliable. > >Solana is a public blockchain. You do understand that means its ledger is open for public to read? How more transparent do you want? Solana has a much more predictable transaction cost. For most business, predictable transaction cost is a more important reliability factor than you think. No one wants to charge their customer a $100 transaction fee, just because Jaredfromsubways decided to do a mass sandwich attack. > >How is Solana less trustworthy? How about we go to trust and true metric, Nakamoto coefficient. BTC is known to be the most trustworthy chain because it has the highest Nakamoto coefficient. Now compare ETH against Solana: [https://nakaflow.io/](https://nakaflow.io/) &#x200B; I said that people choose a product based on different attributes and price is just one attribute. I then gave an example that in my case, for finance I'm looking for those 3 attributes, and price is not a consideration. Solana fails being it has a reputation of being unreliable. I didn't say it wasn't transparent or trustworthy - I didn't go into that at all. Solana fails something that's important to me, so I'm not really interested and don't really know much about it. Actually I bought about $150 or so of Solana a few years ago because I wanted an NFT that was only on Solana. Went to the hassle of setting up and installing a new wallet and everything, but then Solana went down so I just gave up and removed the wallet software. If Solana ever ends up being worth something, I might go to the hassle of reinstalling to cash-out. But up until this, I'd completely forgotten about it. I don't consider it a serious finance solution because it wasn't even good enough to transfer a donkey photo. &#x200B; > > >Very unscientific "even some guy said" , I would have expected more from you. > >Do you even understand blockchain and do logic? Failing to finalize causes congestion. And congestion means lower availability of block space. Now do math and tell me how that doesn't mean higher gas fees. > >To be more specific, ETH validators were stuck in a computation of verifying the history of attestations. That means fewer computation resources were available to verify new blocks. As I've said, I was using the network around the time and didn't notice any issues whatsoever. It sounds like you're a hell of a lot more sensitive to price than me. Maybe you're technically correct and a 70 cent transaction went up to 75 cents. Personally I didn't notice and don't care at all - I'm much happier paying a few cents more with my transaction going through, rather than the whole network going down. I heard Solana was once down for more than 6 hours. Yikes. &#x200B; > > >Sometimes I send money for $1.30, sometimes for 70 cents. So what. > >You want to talk about finance but all you want to focus on is sending ETH, the most cheapest form of work. LOL! You obviously don't do smart contracts on ETH much. Swaps can easily 10x-20x from what you are saying, even in a medium gas day. If I just want to send native token, and not do smart contract, and care about security, I would just stick to BTC. So $14? You ever bought FX from a bank? You ever sold something where the funds had to go into escrow? ETH is easier and cheaper than traditional finance. Just because there's some little known, little used, unreliable alternative way that's even cheaper, it doesn't invalidate the benefit of ETH. This month, after the Ledger fiasco, I had to move tokens, NFTS and do some swaps. It wasn't cheap. I spent more than $500 on gas. Maybe more than $1,000. So what? Your perception of cheap and expensive doesn't mean anything in terms of the value proposition that ETH presents to many ETH users. And as I've pointed out already, theres a very good plan to lower the fees and they're making very good progress implementing. &#x200B; >Thank you for bringing the discussion how of TradFi's surcharges are based on percentages, rather than flat fees. ETH's gas fees are flat fees, not charged based on percentages. Percentages eats up margin. Flat fees kill businesses. If you can't understand that difference, you got to understand economics better first. &#x200B; There are plenty of flat fees in traditional finance. I literally told you I used to pay the bank $20 to send money overseas. There's plenty of unknown fees. There's plenty of volatility. You've really twisted this. We've gone from a situation where a consumer is being surcharged 1.5% by a business, the business is either wearing a shortfall if the rate for that specific card is higher, or overcharging the customer if its lower, to a situation where the customer directly pays the actual fee. Somehow, you're now saying that the business might suddenly have to pay $100 because there's a spike in the ETH gas. I've no clue why you think a business would be suddenly paying a fee, not the consumer who's initiating the transaction. But in any event, the business wouldn't pay $100. What they'd do is have a set gas fee and the transaction would be delayed for a few seconds until it can go through at the fee acceptable to that business. As opposed to using a blockchain which goes down periodically causing the transactions to be delayed anyway, but for a much longer period of time.

Salt-Pomegranate-840

Actually all, FX, Commodities, Stocks, Interest rate hedging. It is a grand scam lure the greed other than the pro or the one with discipline who doesn't buy in Cultist set up for them.

Intr3pidG4ming

This is incorrect. There's no access to USD in Nigeria so we have to buy at black market prices. The official USD to Naira rate is 461N/$ but no one outside banks have access to FX so everyone else has to source elsewhere and such the black market rate for USD is now 780/$. So, no. We weren't buying BTC at higher than average as we still have to sell at black market prices. Source: I live there and trade frequently.

richard_ISC

This is how all EXCHANGES work, not to be confused with shady FX brokers. The New York Stock Exchange is also not trading against its customers. Binance is no different than other exchanges. They also don't have to educate people about basic financial concepts (they could). Yes it is like that. You can even see the order book of GBP/BUSD here: https://www.binance.com/en/trade/GBP_BUSD?theme=dark&type=spot

Delangsta

I doubt many Binance users know or understand this. If this is true then this has been very poorly communicated by Binance. P2P FX trading is not the norm at all for fiat exchanges, and most people coming to Binance would be coming from a fiat exchange.

coinfeeds-bot

tldr; Australia's first central bank digital currency (CBDC) transfer was successfully completed on May 17th, with ASX-listed DigitalX and fund manager TAF Capital involved in the trade of eAUD to USDC stable coin. The trade was part of the RBA and Digital Finance Cooperative Research Centre CBDC pilot, with blockchain fintech Canvas central to the test FX transactions. Canvas Digital CEO David Lavecky said the exchange demonstrated how the RBA’s eAUD can be used to trade AUD for other international currencies quickly and more efficiently, potentially addressing crucial challenges in both FX and International Remittance Markets. The use case demonstrates the benefits of using CBDCs in tokenised FX transactions and how privacy-focused Layer 2 blockchain provides improvements over traditional markets by eliminating market inefficiencies, errors, and settlement risks. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

richard_ISC

>Pretty sure Binance gets a cut of most transactions, they are a business after all. It can't all be supply and demand dynamics at play here. That's just not how exchange works. They get a fee on transaction of 10bps or lower (0.1%) of the trade amount. No, market maker don't give a cut to Binance. Actually, you are free to sell whatever GBP you have for BUSD there for a fat profit. You don't have any? You can't bring any? That's the issue everyone is facing. >I'm ok with them making a buck, but the current exchange rates are really detrimental to their business long term and something needs to be done about it. Yes, this is Binance's problem, since it's their business at stake here. Again, not how market works. They are not responsible for price on their platform, they only provide a platform. >If this was something out of Binance's control why haven't they announced it via a Blog post like they usually do? They can absolve themselves by doing that, but I haven't seen anything official from Binance regarding this FX conversion fee change. They did say they lost their GBP partner. Its all over the news: https://decrypt.co/123364/binance-suspend-british-pound-deposits-withdrawals And again, Binance isn't doing FX for you, they only allow you to trade with other users on their platform. So again, the price is not up to them. It's not s conversion fee. Their fee is still 0.1% or less.

Delangsta

Pretty sure Binance gets a cut of most transactions, they are a business after all. It can't all be supply and demand dynamics at play here. I'm ok with them making a buck, but the current exchange rates are really detrimental to their business long term and something needs to be done about it. Yes, this is Binance's problem, since it's their business at stake here. If this was something out of Binance's control why haven't they announced it via a Blog post like they usually do? They can absolve themselves by doing that, but I haven't anything official from Binance regarding this FX conversion fee change.

hoanglpr

Assuming I'm a middle man in this case. * Alice wants to send $100 from US to UK to Bob. * I'm a middle man, I debit $100 from Alice's US bank account, convert it to GBP (£80), then credit Bob £80. If I'm a middle man handling the conversion or trade, and that I have £80, then I'm able to do it without any slippage, right? Because I got £80 to do it. So questions here: * what if I don't have £80 in the first place? What do I do after I take money from Alice? I go to the market, buy GBP with Alice money, then credit to Bob. Here the slippage and FX fee comes in. Do you agree? * That question applies to the case where BTC is used. What if they don't have BTC in the first place? They said they convert to BTC. Is that BTC on paper? * Okay, then another question here. if it is their own pool or own order book that they handle tnx. Remember you mentioned assuming NYDIG has their own bank account in another country. Why use BTC in the first place? Basically, NYDIG as a middle man, debit Alice, record the transaction, send that information to NYDIG in UK, make a conversion from US to UK, credit Bob. I assuming sending the information over internet using their own database would have the same speed with sending tnx over Lightning.

igadjeed

There isn't any FX fee if they're selling in local currency

hoanglpr

I mean I'm really curious about the local selling. Unless Bitcoin is sold in local currency, I can't see how it is zero fee and little slippage. Or they just eat FX fee for users.

hoanglpr

I understand there needs to be a pool to buy and sell Bitcoin. But it would amazing if they could find local buyers in this case a country in Europe or Asia to buy Bitcoin in local currency. Otherwise, I don't see how they could settle the international transfer without slippage. Especially in countries where there are not so many Bitcoin buyers, who are they gonna sell that Bitcoin to? Or they're gonna eat the FX fee in all cases?

coinfeeds-bot

tldr; Blockchain startup Canvas has completed the first ever foreign exchange (FX) transaction using an Australian central bank digital currency (CBDC). The transaction was executed as part of a series of pilots by the Reserve Bank of Australia (RBA) and Digital Finance Cooperative Research Centre (DFCRC) to launch a CBDC – the eAUD. Canvas is only one of 15 selected use case providers in the RBA eAUD project. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

CryptoScamee42069


tylerderped

I bought an AMD FX-8350 and a mid-tier Gofabyte motherboard on Tigerdirect. (lol) At the time, mining doge was easy and profitable. Somewhere out there is 15,000+ doge in crypto dust that I lost.

badadadok

Flair says disccussion, so here My top three : David Lin (and his past kitco interviews), Stansberry, FX evolution Others : Rob from DAN, Ben Cowan, Paul Barron and James IA (some people might not like him but bro got data)

javier123454321

It's just a different level. Like you're generally [not in genuine fear of disappearing if you criticize the president](https://www.wola.org/2022/08/press-freedom-under-siege-in-central-america/), nor is it par the course [for a president to steal 85% of the funds allocated to a public project](https://www.reuters.com/article/delito-guatemala-expresidente-idLTAKCN1FX1UT-OUSLD). Nor do we have [regular instances of martial law being instituted](https://jacobin.com/2022/04/el-salvador-nayib-bukele-authoritarianism-security-police-brutality-gang-violence). I know the US is corrupted, but I also know how my home countries are absolutely raped and pillaged by power hungry assholes like him.

kyuronite

Banks generally charge an incremental cost for wire transfers. Also, it's not just overnight, it really depends on where you're sending to, where you're sending from, and how many intermediary banks there are in between as well as any kind of FX that happens in between.

split41

I need to go to work, I guess I’m not interested to chat with you - you’re just constantly moving goal posts and not responding to anything else. You say what Upgrades, I give you some. You say only btc, I give you some - you say not good enough - um ok? Yet, You avoid my points about the growing network of users, the increase in on/off ramps, my point about FX So pls stop wasting my time and responding. I have a life to live This is not a conversation, this is you trying to