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Crypto.com vs. Binance.US

Crypto.com vs. Binance.US: Similarities

Coinbase and Binance. Both the US and Europe allow you to trade a wide variety of cryptocurrencies. They also provide a wide range of other services, including cryptocurrency wallets and staking for Ethereum and Cardano (ADA) (ETH).

Both exchanges provide solutions for storing cryptocurrencies.

Binance.

The Binance Chain Wallet, which facilitates the storing of currencies including Bitcoin, Ethereum, and Binance Coin (BNB), among others, is an option for US customers. Crypto.com users have access to the Crypto.com DeFi wallet to store their cryptocurrency.

Margin trading is a service that is available on both exchanges. Users that utilize margin trading can borrow money to trade larger quantities.

In crypto, security is a crucial concern.

Nearly 500 Crypto.com accounts had fraudulent withdrawals occur in January 2022. Overall, losses were nearly $34 million, which included roughly $66,200 in other cryptocurrencies, more than $15 million in ETH, and $19 million in BTC.

While the Binance.US exchange hasn’t been compromised, its partner, Binance.com, had $40 million worth of BTC stolen from them in 2019. (Binance.US and Binance.com are separate companies).

Crypto.com vs. Binance.US: Differences

For more seasoned cryptocurrency traders who trade frequently and can save money owing to the exchange’s tiered fee structure, Binance.US is the best option.

For transactions worth less than $10,000 per month, the maker and taker costs are 0.1% and 0.2%, respectively, for customers that trade Tier 1 crypto pairings like ETH/USD or SOL/USD. Additionally, the business provides free BTC trading for a restricted number of pairings.

Customer support at cryptocurrency exchanges is not renowned for being top-notch. Binance, however Compared to Crypto.com, the US does particularly poorly on this front. 90% or so of Binance In US reviews on Trustpilot, the exchange has received a “poor” rating, however only 64% of reviews are negative for Crypto.com.

Despite having a reputation for having subpar customer support, Crypto.com is more user friendly for beginners than Binance.US.

According to Ivaylo Yovkov, chief operating officer of Rewards Bunny, “Crypto.com is the go-to solution for newcomers and individuals new to cryptocurrency.”

Though it often has higher fees than Binance.US, the Crypto.com platform is also more widely accessible in the United States.

According to Joseph Poulose, chief information officer of InterMedia Group of Companies, “Crypto.com’s prominent global sports sponsorships and TV advertising campaigns make their platform look recognizable and credible.”

Who Should Pick Crypto.com?

One of the most well-known cryptocurrency exchanges is the Crypto.com network, which has 50 million members spread over 90 nations. It was established in 2016 and is accessible across the country, with the exception of New York.

It has more than 250 tradeable coins, however not all of them may be exchanged in the United States. Despite this, Crypto.com provides a number of services, such as a DeFi wallet and a market place for non-fungible tokens (NFTs).

Additionally, you may easily add money to your account with bank transfers, credit or debit card purchases, and cryptocurrencies using Crypto.com’s prepaid Visa rewards card. The card will be particularly useful to users of Crypto.com Coin (CRO), the exchange’s native cryptocurrency.

Users of Crypto.com can also earn interest on cryptocurrencies they lend to other users, based on how much CRO they have in their account, how much they are lending, and other factors.

Crypto.com Pros

• Trading fee discounts for users who hold CRO
• Cashback rewards Crypto.com Visa card
• Beginner-friendly app

Crypto.com Cons

• You pay more in fees if you trade less
• It’s not available in all 50 states
• Fees and discounts can be hard to understand for beginners
• Platform has been hacked

Who Should Pick Binance.US?

Low fees are one of Binance.key US’s draws. The exchange furthermore provides a small amount of free Bitcoin trading within the United States and some of the lowest costs in the sector. Your costs will decrease the more you trade, and if you pay using BNB, Binance’s native coin, you will receive a 25% reduction on advanced trading fees.

One of the top 10 cryptocurrencies is BNB, as you may have seen. The coin’s $47 billion market valuation is evidence of Binance’s appeal despite the fact that it is mostly used to pay trading fees and receive discounted deals.

According to Anderson Mccutcheon, CEO of Chains.com, “Crypto.com and Binance are two startups that are fundamentally fighting for the same pool of retail customers and a distinct group of more sophisticated users and corporations.”

Residents of the United States must utilize the condensed spin-off platform that conforms with U.S. financial rules, with the exception of individuals who reside in Hawaii, New York, Texas, and Vermont.

Similar to Crypto.com, Binance.US provides over-the-counter (OTC) trading, in which transactions are made directly between a buyer and a seller and substantial deals may be made without affecting the market as a whole.

Binance.US Pros

• Fees are low compared with major competitors.
• Supports more than 125 cryptocurrencies.
• It offers several versions tailored to various crypto skills and comfort levels.

Binance.US Cons

• Not available in several states in the U.S.
• Binance.com, the separate legal U.S. partner to Binance.US, has been hacked
• Company is facing regulatory issues
• Has a reputation for poor customer service

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11 Best Long-Term Stocks To Buy And Hold

The volatile, short-term rise and fall of stock markets is ignored by long-term investors. Instead of being sucked into the drama, they invest in shares of dependable businesses with consistent performance over years or even decades.

The finest long-term investments are equities of expanding companies that offer consistent profits. You must comprehend the measurements that offer reliable proof of trustworthy long-term success in order to locate them. Things like consistently exceeding the S&P 500 and avoiding the significant short-term dips (and gains) that high-flying companies frequently experience.

Eleven equities that might be excellent long-term investments have been selected by ryptoarce Advisor. Each of our recommendations is supported by growing profits and sales, and has had less price volatility than 95% of the market’s companies. Additionally, the majority of these stocks are presently selling at lower values than they have in recent years.

11 Best Long-Term Stocks To Buy And Hold

The Best Long-Term Stocks

*All analysis and data are sourced from Trade That Swing, effective as of Sept. 20, 2022

Methodology

Our carefully curated list of the top long-term stocks is produced following rigorous standards. The aforementioned equities are listed on North American markets and satisfy the following criteria:

• projections for ahead EPS to continue to rise. Industry experts anticipate at least 8% annual EPS growth for each of the aforementioned equities over the following five years.
• sustained rise in EPS and lagging sales. Over the past five years, each company’s sales and EPS have grown by an average of 8% or more annually. Over the previous ten years, actual EPS figures should have been rising consistently.
• Price reductions are few. In the previous ten years, no stock has consistently declined by more than 41%. For comparison, 96% of North American equities saw a price decline greater than 41% in the previous ten years. It’s a good indicator of past stock price stability because few stocks match this requirement.

• Minimum cost and quantity. All of the listed companies have a price over $5 per share and strong liquidity due to an average daily trading volume of at least one million shares.
• better than 6% five-year annualized return compared to S&P 500. Over the past five years, each stock should have dramatically outperformed the S&P 500.
• yield to shareholders is higher than zero. Dividends, share buybacks, and share issuance all contribute to shareholder yield. Negative figures indicate that the corporation is diluting shareholders and expanding the number of outstanding shares.
• P/E is below 40 and future P/E is below 35, respectively. These standards are mainly about timing a purchase. These stocks often offer superior initial investment returns when purchased at lower P/E ratios. The P/E ratios may gradually increase, but as long as the other criteria continue to hold true, it is not always a sell signal.

This technique seeks to identify businesses that have a track record of maintaining sales and profitability growth over the long term. By introducing price stability to the mix, removing equities with significant price decreases is beneficial.

While all of these stocks now fulfill these requirements, that may change in the future. Nevertheless, over the long term, stocks that now satisfy the majority of these requirements frequently beat the S&P 500.

When a stock no longer meets the majority of the aforementioned requirements, it may be time to sell it and replace it with other stocks that do.

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US FTX reveals another $90 million missing!

As the bankruptcy and restructuring saga of FTX and its affiliates continues, more transactions have emerged that are being converted from the trading platform to third parties.

Transfers worth half a billion dollars:

The U.S. Department of Justice has already begun investigating the $400 million hack that drained digital currencies and pulled them from the FTX platform.

The court will ultimately determine whether the hack was made by bad actors benefiting from the platform’s chaotic collapse or by internal actors.

According to the statement and reports shared today during a meeting with the Official Creditors Committee (UCC) of FTX, the total number of cryptocurrencies that disappeared due to the post-bankruptcy hack rose to 10 million, equivalent to half a billion dollars.

This figure represents a significant portion of the $5.5 billion in liquid assets that debtors have reportedly identified so far.

The figures identified above refer to assets held by the FTX Group in general.

For the US branch of FTX, only $181 million of liquid assets has been identified.

$88 million in cold storage has already been placed under the control of FTX debtors, with an additional $3 million in assets pending transfer to cold storage under the control of debtors.

While the remaining $90 million caught fire and disappeared.

According to John J. Ray, the new CEO of FTX, who oversees the restructuring process due to his experience with similar bankruptcies such as “Enron”, the information provided is preliminary and has required considerable efforts to detect it.

The interim CEO has already criticized FTX for its significant lack of institutional oversight and due diligence.

Given the indiscriminate nature of the company’s accounting, Mr. Ray’s assessment of the efforts needed to identify these assets is likely to be accurate.

Mr. Ray assured creditors that he and his team had been brought to clean up the mess in FTX and would therefore do their utmost to recover as many cryptocurrencies as possible and put them in the hands of FTX creditors.

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