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3 Cryptocurrency Platforms That Only Require an Email


According to Forbes, 2017 was supposed to be the year that blockchain and cryptocurrency took over the world. Investors poured $6.2 billion into 875 crypto startups. Bitcoin boomed and many new coins entered the stage. Then, the market crashed, pushing the cryptocurrency and blockchain world into a period of true innovation and product development.

With blockchain and cryptocurrency, a fee-free world on any transaction of value between two parties has become optimal than ever. However, there are also many challenges with cryptocurrency and blockchain, where we are still sending money to complicated addresses called private and public keys. And to sign up for sending, receiving or exchanging cryptos, many of the major exchanges, like Coinbase, require KYC verification before making the first transaction. This oftentimes means providing some form of identification, along with your proof of residency and other personal information. After all, KYC is required by all USA based cryptocurrency exchanges. However, many exchanges lie outside of these jurisdictions and, therefore, all you need is an email to sign up.

Now, as you might expect, some exchanges which only require an email for sign-ups can be misty. With no insurance protection, you might want to stay away from them. However, there are a few exchanges which are reliable while still just asking for an email. We listed three of the top ones: 

Blockbasis 

Blockbasis is a safe, fast and easy way to send, receive and exchange digital money with no transaction fees and no exchange fees, using just an email. Blockbasis is built on Bitshares which was launched in the current form in October 2015. Based on the open-source MIT-licensed Graphene technology and its blockchain, the BitShares blockchain and its dApps implement industrial-grade technology with an amazing open source ecosystem. 

With Graphene, Blockbasis is built on a super fast blockchain, therefore, transactions get written to the blockchain within 3 seconds, and on average in under 1.5 seconds. In addition, the fee is much much lower than the ones from other blockchains. The Graphene blockchain covers cost through an ecosystem of dApps which self-fund the core Bitshares token, BTS, thus, it is self-sustaining. The consensus mechanism used on Graphene is Delegated Proof of Stake (DPOS), which is virtually impossible to hack due to the consensus mechanism in place to make any change on the Graphene blockchain. In addition, Blockbasis supports two-factor authentication which should be a standard offering for all exchanges at this time. 

Beyond the Graphene blockchain, BitShares offers a variety of blockchain tokens and types of digital assets. There is not just the BTS (core token) but many other types of currencies and assets. Hence, providing a service like Blockbasis the flexibility needed to transact and exchange virtually anything where there is a buyer and seller. At the moment, Bitshares offers 129 trading pairs.

Binance

Binance is a cryptocurrency exchange that originally came from China. Following the crackdown from China Mainland of all exchanges, Binance relocated to Malta and has since seen spectacular growth. With Binance you can withdraw up to two Bitcoins daily using just an email, which should be plenty for the vast majority of traders and investors.

With all the major trading pairs supported, there’s a reason it’s consistently the leading exchange by trading volume. However, bear in mind that Binance will soon be closing its doors to American users starting after mid-September 2019. Traders in the U.S. can’t even sign up now anymore. Since the new ‘Binance US’ branch will require basic KYC procedures, Americans will have to find another way to trade with just an email soon enough.

The fees for Binance are 0.1% per trade. There are no fees for making deposits. For withdrawals, this depends on the individual asset. For Bitcoin the withdrawal fee is 0.001, for Ethereum it is 0.01 and for Litecoin it is also 0.01. Neo has no withdrawal fee.

Binance offers a wide array of assets with the grand total of 553 trading pairs according to cryptocurrency market capitalization. In addition to trading pairs with Bitcoin and Ethereum, Binance also offers pairs in its own currency known as Binance coin (BNB), US dollar tokens or Tethers. Binance also supports two-factor authentication.

At this time, there is no information available suggesting a major hack against Binance. Generally, this is good news, as almost every exchange is under constant attack from hackers attempting to fraudulently withdraw others’ cryptocurrency assets. However, back in December, Binance announced that they have detected a growing number of phishing sites appearing on search engines when users were attempting to find the Binance exchange, so be aware of that when you use Binance!

KuCoin

Kucoin is also from China and moved to Hong Kong after the crackdown.

KuCoin is sometimes referred to as being Binance’s little brother. Boasting a similar user interface and many of the same trading pairs.

Kucoin, like Binance, also offers low fees of 0.1% per transaction. However, holders of Kucoin tokens can potentially receive half of this transaction back through its unique dividend system.

Kucoin currently supports 459 trading pairs. While this is fewer than Binance, Kucoin also has trading pairs with NEO, Kucoin tokens, and Bitcoin Cash. This is in addition to all of the other trading pairs offered by Binance, including the Binance coin.

In terms of Kucoin security, the exchange also appears to have remained hack free. Additionally, it supports two-factor authentication.