Coingekko has been getting a lot more attention lately because coinmarketcap basically quit working on their website. They have built a website that is basically automated, they made it ready, even updated it few times over the course of years, but right now it is basically all automatic, nobody even has to touch anything on the developer side and it will continue to exist as long as they keep paying the hosting and domain prices. This is why it is not liked as much as it used to, still number one probably, but competition is coming.
Volume is basically "this is what they say they have versus what they probably really have" and none of them are really fully true, you need permission to get to their website to see what they actually have with some sort of API.
Topic: From UK, Understanding Investing Jargon help - page 2. (Read 454 times)
Hi,
On Coinbase Pro, like to buy Bitcoin at limit price.
What is Post Only & Allow Taker?
On Coinbase Pro, like to buy Bitcoin at limit price.
What is Post Only & Allow Taker?
They affect the fees you'll be charged when your order executes. See here:
How do I avoid fees or minimise fees when buying?
Also can I buy at limit price on normal Coinbase and is fees there also?
Also can I buy at limit price on normal Coinbase and is fees there also?
If your monthly trading volume is $50,000 or less, then it doesn't matter -- maker and taker orders will cost exactly the same. If your trading volume is greater than $50,000 then you can minimize fees by using maker orders. You can find the fee tiers here.
Coinbase's regular site is much more expensive. Don't use it.
How do I avoid fees or minimise fees when buying?
Also can I buy at limit price on normal Coinbase and is fees there also?
Also can I buy at limit price on normal Coinbase and is fees there also?
Here's the fee structure of Coinbase Pro for reference: https://pro.coinbase.com/fees
As far as I know Coinbase has higher fees vs Coinbase Pro.
They say on the website that Adjusted Volume is a volume from spot markets excluding markets with no fees and transaction mining.
This really doesn't explain the difference.
The website also says the following:
(4) Volume (Cryptocurrency)
The volume of any cryptocurrency is the total spot trading volume reported by all exchanges over the last 24 hours for that cryptocurrency. Some market pairs are excluded from the sum, denoted by two asterisks (**) on the markets tab, if the exchange does not enforce a trading fee or otherwise offers significant incentives to trade on the market pair. Market pairs with these characteristics are rather susceptible to wash trading, resulting in artificially inflated reported volumes. From our experience, we have found that it is better to exclude these markets to give a better representation of relative trading volumes for the crypto market.
So that's all the information. I think most exchanges inflate their volumes in one way or another.
This really doesn't explain the difference.
The website also says the following:
(4) Volume (Cryptocurrency)
The volume of any cryptocurrency is the total spot trading volume reported by all exchanges over the last 24 hours for that cryptocurrency. Some market pairs are excluded from the sum, denoted by two asterisks (**) on the markets tab, if the exchange does not enforce a trading fee or otherwise offers significant incentives to trade on the market pair. Market pairs with these characteristics are rather susceptible to wash trading, resulting in artificially inflated reported volumes. From our experience, we have found that it is better to exclude these markets to give a better representation of relative trading volumes for the crypto market.
So that's all the information. I think most exchanges inflate their volumes in one way or another.
Okay you mean market pairs on Coinmarketcap that shows ** symbol means coinmarketcap does not collect this kind of data & also dont collect data from free to use exchanges? Are decentralised exchanges free to use?
Okay just to confirm CoinGecko is overall better than Coinmarketcap?
yeah, coinmarketcap is useless. it can't be trusted at all. binance is the only exchange in its top 15 that isn't overrun with fake volume.
Just in case exchanges get hacked or they scam and run away. If the headquarters are abroad from me then how do I claim or bring a legal case to a company thats abroad?
coinbase has a registered UK corporation, physical london address, and an e-money license issued by the UK FCA. that's who you would bring a legal claim against. https://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b000003O1uMmAAJ
there's a big difference between quasi-anonymous offshore exchanges (based in places like the seychelles) like poloniex and bitmex, and reputable/licensed entities like coinbase.
Do quasi-anonymous offshore exchanges have to comply with government regulations and are liable to tax? Coinbase has to comply to these?
When choosing an exchange is there data on coingecko that reveals the location of the exchange?
coinmarketcap is an old and first tracking website, but I would not trust the information because it is often not objective. You have introduced some improvements recently. The best way to get and compare information from several tracking websites
Is there a site apart from tradingview that tracks or compares these several tracking sites?
Hi,
On Coinbase Pro, like to buy Bitcoin at limit price.
What is Post Only & Allow Taker?
How do I avoid fees or minimise fees when buying?
Also can I buy at limit price on normal Coinbase and is fees there also?
[moderator's note: consecutive posts merged]
coinmarketcap is an old and first tracking website, but I would not trust the information because it is often not objective. You have introduced some improvements recently. The best way to get and compare information from several tracking websites
You can use coingecko and one more thing, dont use only one aggregator site everytime. Use more than one, I would like to add in LiveCoinWatch. If you see minor differences or none then you can relieved. One time or another, some big exchange is going to pay these sites to line up for them and then you would have to move to a new one.
As long as you are not the one trying to sell tainted coins and then call the exchange scam because of locking your account.
Just in case exchanges get hacked or they scam and run away. If the headquarters are abroad from me then how do I claim or bring a legal case to a company thats abroad?
Well the exchanges that have been working for years now have lesser chances of scamming you. As long as you are not the one trying to sell tainted coins and then call the exchange scam because of locking your account.
Okay just to confirm CoinGecko is overall better than Coinmarketcap?
yeah, coinmarketcap is useless. it can't be trusted at all. binance is the only exchange in its top 15 that isn't overrun with fake volume.
Just in case exchanges get hacked or they scam and run away. If the headquarters are abroad from me then how do I claim or bring a legal case to a company thats abroad?
coinbase has a registered UK corporation, physical london address, and an e-money license issued by the UK FCA. that's who you would bring a legal claim against. https://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b000003O1uMmAAJ
there's a big difference between quasi-anonymous offshore exchanges (based in places like the seychelles) like poloniex and bitmex, and reputable/licensed entities like coinbase.
Just in case exchanges get hacked or they scam and run away. If the headquarters are abroad from me then how do I claim or bring a legal case to a company thats abroad?
You might have a good point there. But just a reminder(if you don't know yet), it's mainly a BAD idea to leave funds on exchanges(unless you're trading frequently). I personally don't think you'd have much of a problem if an exchange gets hacked if you immediately withdraw the bitcoin you buy anyway.
They say on the website that Adjusted Volume is a volume from spot markets excluding markets with no fees and transaction mining.
This really doesn't explain the difference.
The website also says the following:
(4) Volume (Cryptocurrency)
The volume of any cryptocurrency is the total spot trading volume reported by all exchanges over the last 24 hours for that cryptocurrency. Some market pairs are excluded from the sum, denoted by two asterisks (**) on the markets tab, if the exchange does not enforce a trading fee or otherwise offers significant incentives to trade on the market pair. Market pairs with these characteristics are rather susceptible to wash trading, resulting in artificially inflated reported volumes. From our experience, we have found that it is better to exclude these markets to give a better representation of relative trading volumes for the crypto market.
So that's all the information. I think most exchanges inflate their volumes in one way or another.
This really doesn't explain the difference.
The website also says the following:
(4) Volume (Cryptocurrency)
The volume of any cryptocurrency is the total spot trading volume reported by all exchanges over the last 24 hours for that cryptocurrency. Some market pairs are excluded from the sum, denoted by two asterisks (**) on the markets tab, if the exchange does not enforce a trading fee or otherwise offers significant incentives to trade on the market pair. Market pairs with these characteristics are rather susceptible to wash trading, resulting in artificially inflated reported volumes. From our experience, we have found that it is better to exclude these markets to give a better representation of relative trading volumes for the crypto market.
So that's all the information. I think most exchanges inflate their volumes in one way or another.
Lastly I am from UK so looking for the biggest known volume BTC<>£GBP pairs so which Crypto exchanges on coinmarketcap.com have their main Headquarters in UK?
If you don't mind me asking, why does the exchange specifically need to be from the UK? Coinbase Pro is pretty reputable, and while they're not mainly based on the UK, you still have access(also with BTC/GBP).
Just in case exchanges get hacked or they scam and run away. If the headquarters are abroad from me then how do I claim or bring a legal case to a company thats abroad?
Is coinmarketcap.com still the most popular 1st to go site for crypto investors?
On coinmarketcap site under exchanges> what does top 100 by adjusted volume mean and top 100 by reported volume mean, whats the difference?
I understand most exchanges lie about volume so where do I go to see real true raw volume?
On coinmarketcap site under exchanges> what does top 100 by adjusted volume mean and top 100 by reported volume mean, whats the difference?
I understand most exchanges lie about volume so where do I go to see real true raw volume?
i recommend using coingecko over coinmarketcap. they do a much better job of filtering out fake volume exchanges. https://www.coingecko.com/en/exchanges/
Lastly I am from UK so looking for the biggest known volume BTC<>£GBP pairs so which Crypto exchanges on coinmarketcap.com have their main Headquarters in UK?
Is there a site that compares true volume BTC<>£GBP pairs?
Is there a site that compares true volume BTC<>£GBP pairs?
not that i know of. coinfloor is the oldest UK-based exchange, and they have bigger XBT/GBP volume than kraken. coinbase pro definitely has better liquidity and volume though.
Okay just to confirm CoinGecko is overall better than Coinmarketcap?
[moderator's note: consecutive posts merged]
Most people use it, this is also my go to place whenever i need price updates in the Altcoins im invested in. But you may want to look for other references such as tradingview because the price in CMC isn't really that accurate. As for the volume is the amount of people buying and selling Cryptocurrency and i think they're pulling the BTC price data in Binance as it has the biggest reported volume of $3 trillion plus dollars.
Is coinmarketcap.com still the most popular 1st to go site for crypto investors?
On coinmarketcap site under exchanges> what does top 100 by adjusted volume mean and top 100 by reported volume mean, whats the difference?
I understand most exchanges lie about volume so where do I go to see real true raw volume?
On coinmarketcap site under exchanges> what does top 100 by adjusted volume mean and top 100 by reported volume mean, whats the difference?
I understand most exchanges lie about volume so where do I go to see real true raw volume?
i recommend using coingecko over coinmarketcap. they do a much better job of filtering out fake volume exchanges. https://www.coingecko.com/en/exchanges/
Lastly I am from UK so looking for the biggest known volume BTC<>£GBP pairs so which Crypto exchanges on coinmarketcap.com have their main Headquarters in UK?
Is there a site that compares true volume BTC<>£GBP pairs?
Is there a site that compares true volume BTC<>£GBP pairs?
not that i know of. coinfloor is the oldest UK-based exchange, and they have bigger XBT/GBP volume than kraken. coinbase pro definitely has better liquidity and volume though.
Lastly I am from UK so looking for the biggest known volume BTC<>£GBP pairs so which Crypto exchanges on coinmarketcap.com have their main Headquarters in UK?
If you don't mind me asking, why does the exchange specifically need to be from the UK? Coinbase Pro is pretty reputable, and while they're not mainly based on the UK, you still have access(also with BTC/GBP).
Adjusted volume is a best guess based on what the major exchanges (I think these are binance, coinbase, bitfinex and bittrex or bitfinex) suggest their volume is. They're assumed not to lie.
Reported volume is the volume the exchange suggests it has, generally they lie to show your assets will be more liquid there.
Not sure which exchanges are based in the UK mainly. I've used coinbase but their head office isn't in the UK Binance Jersey are in the UK (technically) but in a self governing channel island.
Reported volume is the volume the exchange suggests it has, generally they lie to show your assets will be more liquid there.
Not sure which exchanges are based in the UK mainly. I've used coinbase but their head office isn't in the UK Binance Jersey are in the UK (technically) but in a self governing channel island.
Hi,
Is coinmarketcap.com still the most popular 1st to go site for crypto investors?
On coinmarketcap site under exchanges> what does top 100 by adjusted volume mean and top 100 by reported volume mean, whats the difference?
I understand most exchanges lie about volume so where do I go to see real true raw volume?
Lastly I am from UK so looking for the biggest known volume BTC<>£GBP pairs so which Crypto exchanges on coinmarketcap.com have their main Headquarters in UK?
Is there a site that compares true volume BTC<>£GBP pairs?
Thanks,
Is coinmarketcap.com still the most popular 1st to go site for crypto investors?
On coinmarketcap site under exchanges> what does top 100 by adjusted volume mean and top 100 by reported volume mean, whats the difference?
I understand most exchanges lie about volume so where do I go to see real true raw volume?
Lastly I am from UK so looking for the biggest known volume BTC<>£GBP pairs so which Crypto exchanges on coinmarketcap.com have their main Headquarters in UK?
Is there a site that compares true volume BTC<>£GBP pairs?
Thanks,
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