BTCONE Reviews is btcone.co a Scam or Should I Invest

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Allcoin Review – is allcoin.com scam or good cryptocurrency exchange?

Trading accounts and conditions

Account type Leverage Fees
Standard 1:1 Buy 0%, Sell 0.2%

Allcoin is a Canadian cryptocurrency spot exchange. It provides trading mainly of Bitcoin, Ether and its own equity coin Qtum against the USD. There is also the option to trade Bitcoin against other cryptocurrencies: Ether, Qtum, Litecoin, Bitcoin Cash and several other less popular coins and game tokens. The Ether can be traded against three other alt-coins, while the Qtum can be traded for Energo.

Allcoin does not offer leveraged trading, but there are other cryptocurrency exchanges such as Kraken, CexIo, Quoinex, Crypto Facilities who provide such opportunity.

Additionally, there are many forex brokers who offer CFDs on some of the most popular cryptocurrencies that can be traded on margin, usually on the popular MetaTrader 4 or 5 platform. The crypto CFDs as the FCA has warned, are very risky product, but, on the other hand, has sparked the interest of traders in the past several months.

Company Country Regulation
Cascadaia Fintech Corp Canada FINTRAC

Allcoin is owned by the company Cascadaia Fintech Corp, which is listed on the Canadian Security Exchange. Allcoin was launched in the summer of 2020 and is registered on a federal level as a money services business by FINTRAC (Financial Transactions and Reports Analysis Centre). It also says it is under the supervision of Canadian Financial Regulatory authorities.

Allcoin touts itself as the first cryptocurrency exchange to be publicly listed, but the reality is that it is the parent company that is publicly listed and it is a large fintech company offering a lot of other services. Nevertheless, the fact that the parent company is listed on the exchange, suggests it is a stable and reliable entity and is subject to regulatory scrutiny.

Like most countries, at this point Canada still does not have specific regulation for the cryptocurrencies and the service providers associated with them and there are no regulation requirements. The Canadian Securities Administration (CSA) – the umbrella organization of all provincial financial regulators – has stated that the Initial Coin Offerings (ICOs) may be subject to the local securities laws. The same laws are potentially applicable to the cryptocurrency exchanges, the CSA notes, but no specific measures have been undertaken yet.

In fact, Allcoin has been operating since 2020, but in the beginning of 2020 was forced to temporarily shut down, due to “troubles”. It was bought over and repaid the funds held by its clients, relaunching as a subsidiary of Cascadaia Fintech Corp.

Allcoin provides its services in most countries, with a few exceptions, including the USA.

Trading platform

Allcoin’s platform is similar to that of numerous other cryptocurrency exchanges and does not offer most of the typical features of a proper trading platform like MetaTrader 4 or 5, for example.

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Instead, it has the buy and sell options, some price charts, an order book and an asset list. The platform also offers “pro candlestick” chart, which provides some analysis and charting tools and indicators.

Methods of payment

We could not find readily available information on the payment methods accepted by Allcoin, which we find rather inconvenient. Usually the exchanges provide this information beforehand, in an attempt to attract clients. The most convenient way to fund one’s account, in our opinion, is through a debit or credit card, as usually it is much faster and easier than through a bank transfer. Another convenient method is various online wallets.

According to older reviews of Allcoin, it accepts payments in fiat currencies by debit/credit card and bank transfer, but we are not certain whether this is still the case.

Conclusion

Allcoin is owned by a large publicly listed company and is a registered money service business in Canada. Those two facts are a major advantage, along with the relatively low trading fee. Another thing we like is the presence of some proper charts, tools and indicators in the “pro” section of the trading platform.

There are, however, some disadvantages as well. First off, Allcoin does not accept US clients, but this can be explained with the unclear situation in the USA, when it comes to cryptocurrencies. Surely, this is valid for most other countries as well, but the USA are also known for their very strict financial regulators who have a penchant for imposing stiff fines.

We also do not like the fact that there is no clear information about the funding methods and fees, as well as whether Allcoin offers an e-wallet and what are the security measures in terms of storage, encryption, etc.

Pros Cons
FINTRAC registration Lack of payment method info
“Pro” charts Does not accept US clients
Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

BTCONE Reviews: is btcone.co a Scam or Should I Invest?

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Riseconnect ICO Review- Is it a Scam?

The Riseconnect ICO is set to start in just 3 days with coins going on sale for just $0.4.

What is Riseconnect?
https://riseconnect.io/Dashboard/?reff=danbitcoin1
They’re launching a new decentralized cryptocurrency that can be used to make payments for goods and services or used to transfer funds. The main aspect of the project that will interest investors however is their lending platform which promises to pay users over 1% interest per day.
They state in their whitepaper that they use sophisticated trading bots to trade the Bitcoin and altcoin markets which allows them to pay such a high interest rate in return for raising additional capital for themselves to trade with.

The rise of Cryptocurrency, ICOs and Lending Platforms

2020 has been the year of crypto, with many new investors getting involved in the market. The total market cap is now approaching $400 billion. Bitcoin is still the biggest with just over half the market and a huge coin price exceeding $13,000. But this year has also seen the emergence of many new coins and new tokens, many of which were launched via an ICO (Initial Coin Offering).
An ICO allows platforms to raise capital in return for distributing their coins to investors. Many investors have seen huge gains with this type of investment recently with some coins rising multiple times in just a week.
One of the most successful niches in crypto so far has been lending platforms, these claim to make money by using trading bots and in return for lending them money they offer attractive rates of interest that normally exceed 1% per day.
Bitconnect was the first to launch and have since seen their coin rise from just $0.5 to over $300.
More recently there’s been many others hoping to follow in their footsteps with most so far proving to be successful.
Riseconnect is aiming to be the next success and with such a low initial cost and some major advantages they look like a good bet.

Riseconnect Lending platform
https://riseconnect.io/Dashboard/?reff=danbitcoin1
The major benefit that this platform has over their competitors is that they pay the interest rates in their own coins, this offers a huge advantage which allows investors to benefit from the high interest rates aswell as the expected rise in coin value. Receiving 1% interest in fiat currency sounds great but with most of the programs you’d actually of been better off just holding the coins.
This new program will allow you to combine the 2 together as you’ll be receiving payments into your wallet every day in the new Riseconnect currency as soon as you select your desired lending amount.
They plan to initially offer 4 different lending options ranging from just $100 up to over $100,000. The benefits of the bigger packages are a slightly higher interest rate and the release of your capital sooner.

ICO Details

There’s a total of 6 million coins available for sale split into 5 phases. The initial price will be just $0.4 and rises during each phase until it’s $1.45 during the last sale.

Is it a Scam?

Due to the high interest rates on offer some people believe these lending platforms to simply be ponzi schemes. So far however the biggest ones have lasted over a year which is generally much longer than any ponzi scheme lasts.

Btcone.Co Review: Is Btcone Scam or Legit?

There are many scams on the web nowadays and Btcone is one of them. You should avoid investing in this fraudulent platform. They use lucrative plans to lure innocent people into their trap. All those plans are not real. Btcone investment plans have unrealistic ROI’s that won’t be paid. They will pay you for the first few days and then stop abruptly. We advise our readers not to invest money in Btcone because they are not a legitimate business opportunity. Please don’t risk your hard-earned money on them since they can’t be trusted.

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Btcone has a referral program, meaning you have to share the referral link for you to get a commission. You will only get commissions when your referrals invest On this Company. Unfortunately, they won’t pay you since their programs are not real and very unsustainable. Their main aim is to create traffic on their website. Their “great” affiliate programs enable them to lure people into their traps. Don’t waste your precious time and money on their affiliate programs. You can’t trust Btcone with your money since they are not a certified company.

They steal the financial and personal details of their users. They then sell that important information to other cybercriminals like them. These fraudulent cybercriminals use this information for their own selfish gains. Illegitimate websites like Btcone do not have an identity. You won’t get clear information about them on the web. You can’t invest your money on a website that looks fishy. You should avoid these Ponzi/Pyramid schemes at all costs. Please don’t risk your cash on these scams. Avoid Btcone at all cost to save money.

“We advise you to join Wealthy Affiliate if you are interested in making a living online. The Wealthy Affiliate Guidelines will help you develop a genuine stream of income from the web. The advantage of this platform is that they will provide training and programs that are essential in growing your online business. The training is conducted by experts who have experience in internet marketing. They instantly address all your questions about the program. Wealthy Affiliate has an amazing user support system. For more info of WA please visit this link: https://thereviewarea.com/wealthy-affiliate/

Any queries about Btcone scam will be addressed in the comment section below. All you have to do is ask. Helping you is our pleasure.

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