| Top Coins on itBit |  |
ItBit is Paxo. fiat to crypto exchange - and offers EUR, USD & SGD to Bitcoin. The exchange is based in the US and in Singapore. Security is strong with two factor authentication and cold storage and the interface of the exchange is easy to use and well designed. ItBit takes a different approach to its exchange by allowing users to claim trading credits as they add liquidity to the orderbook. Trading fees also vary depending on the users historic volume - as such trading fees have a broad range of 0-0. 5%. Deposits and withdrawals come hand in hand with a standard KYC and AML set of procedures - in particular USD withdrawal has a 72 hour locktime - although this can be reduced on request. There are heavy fees for withdrawal at USD 30 and USD 5 for depositing excluding bank surcharges. Euros carry similarly prohibitive surcharges from the exchange whilst withdrawal and deposit fees for Singapore dollars are much lower and better value, either being free or a max of 2 SGD. LinkedIn | Facebook | Mediu.
The cryptocurrency market is available to trade throughout. You can trade seven days a week and 24 hours a day since there's no
centralized control of the market. Cryptocurrency exchange takes place between individuals, and digital data transfer are
the media enabling the exchange.
Although you can use exchanges as your digital asset custodians,
you may also store them in your wallet. A cryptocurrency wallet is a software that holds the private and public keys that connect you to
the blockchain where your cryptocurrency exists. Thus, crypto wallets technically enable you to access your cryptocurrency on the blockchain
with your crypto address that the other party in the transaction sees as the public key. The private key is only known to you.
You must be able to access both to complete a crypto transaction. The 'keys' are used to unlock your cryptocurrency on the blockchain.
Below is the list of top coins currently trading globally on a particular market.
Please note, unless you've given management of your wallet to a third party, you're the sole owner of the crypto assets as
cryptocurrency allows exercising the power of life and death over your assets.
Also, keep in mind that if you have allowed the authorization of cryptocurrency transfer, it can't be reversed, as in the case with "charge-back" transactions authorized by credit card companies. So remember, with cryptocurrency, an agreement is required between you and a buyer
or seller concerning refunds in the event of an error.