Digital currency transactions in Africa

1.

1. Bithumb

bithumb is the largest digital currency exchange in South Korea and the top ten in the world in terms of trading volume. Its daily trading volume exceeds 13000 bitcoins, accounting for about 10% of global bitcoin trading volume. It promises to provide the lowest handling charge in the world. Bithumb accounts for 75.7% of South Korea's bitcoin market, 10% of the global bitcoin market, and 50% of South Korea's Ethereum market

Bitmex is established in the Republic of Seychelles as a leading leverage trading platform. It can operate cryptocurrency derivatives trading as high as 100 times leverage, and also provide high leverage for other digital currency procts. Bitmex offers more than a dozen futures and swap procts. Bitcoin is one of the most active trading varieties, which can be divided into three types: xbtz17 (bitcoin / USD futures), xbjz17 (bitcoin / yen futures) and xbtusd (bitcoin / USD perpetual swap)

to register a bitmex account, just fill in the email, password and country. The name can be left blank. Bitmex does not accept the recharge and withdrawal of legal currency, so it does not have to follow the bank's KYC / AML requirements to obtain the user's personal information

Okex

3, okex

okex mainly provides global users with spot and derivative trading services of digital assets such as bitcoin, lightcoin and ethereal currency, which is subordinate to okex Technology Company Limited. Since 2014, we have been committed to providing bitcoin, lightcoin, ethercoin and other digital asset currency and derivatives trading services to global users, adopting advanced technologies such as GSLB, distributed server cluster, distributed storage, high-speed memory trading engine with multi machine mutual backup, cold wallet, hot money package with private key offline, etc

As one of the most concerned companies in the international blockchain instry, Qian'an is jointly founded by Zhao CHANGPENG, former blockchain CTO, a well-known blockchain company, and He Yi, former vice president of science and technology, to provide users with more secure and convenient digital currency exchange services and aggregate global high-quality digital currencies, It is committed to building a world-class blockchain asset trading platform. Only 50 days after its launch, the company's users have covered more than 180 countries around the world. This is the first time that the company has disclosed its financing information

5. Hotcoin is one of the three major exchanges in China. Headquartered in Beijing, it also has many exchanges, including domestic stations, international stations, quantitative trading, etc. hotcoin is a domestic station. Since its establishment in 2013, the accumulated trading volume of hotcoin has exceeded $100 billion, once becoming the largest digital asset trading platform in the world, It occupies 50% of the global share of digital asset transactions, and has been invested by Zhenge fund and Sequoia Capital

fire coin group has invested in more than 10 upstream and downstream enterprises, and has completed the establishment of compliance service teams in Singapore, South Korea, Hong Kong, Thailand, Australia, Canada, Brazil, Britain and other countries and regions, providing secure and reliable digital asset trading and asset management services for millions of users in more than 130 countries

6, bibox

bibox is the world's first artificial intelligence digital asset trading platform, which innovatively realizes transaction security, platform stability and operation convenience; Financial derivatives services are well-known in the instry. The platform not only provides spot trading, but also provides financing, currency financing and contract trading business. Investors can carry out long short two-way operation. They can obtain the income from the rise in the price of digital assets by buying long and obtain the income from the fall in the price of digital assets by selling short, which is convenient for traders to invest and hedge

Hitbtc

7, hitbtc

hitbtc was established in 2013 and obtained 6 million euro venture capital. Headquartered in Europe, it is a bitcoin trading platform in the UK, supporting the current mainstream encrypted digital currency portfolio trading, including BCC / BTC, ETH / BTC, XmR / BTC, LTC / BTC, EOS / BTC, EOS / eth, etc. at present, there are 762 trading pairs. Hitbtc is operated by hit Solutions Limited in Hong Kong and has a dedicated support and communications office in Santiago, Chile

Digifinex

digifinex is a block chain Digital Asset Exchange registered in Seychelles, which mainly provides currency trading services of bitcoin, Ethereum, lightcoin and other digital assets for global users. According to non trumpet data, there are 103 platform trading pairs at present. Digifinex is founded by blockchain and digital asset enthusiasts, with core teams from Xunlei, Tencent and Internet. It is operated by digifnex limited, which is registered in Seychelles, and its current operation center is located in Singapore

ZB network is a global digital currency exchange. Currently, there are 168 platform trading pairs, which support OTC and spot trading. At present, it has obtained the exchange license of Thailand and Du, and has set up operation centers in Switzerland, Canada, the United States, Bangkok, Du and other places. ZB focuses on providing global customers with safe, convenient and compliant blockchain asset trading services

10, coin win international station

coin win is a global digital asset trading platform set up by Chinese state-owned enterprises in Hong Kong. It adopts bank level security technologies such as cold storage, SSL and multiple encryption to ensure the security and stability of virtual currency transactions. It mainly provides transaction services of digital assets such as ether currency and HSR for global users, and is subordinate to citicash Hong Kong Investment Limited. Currently, there are 51 platform trading pairs, which support OTC and spot trading

2. Generally, the ranking is not reliable for two reasons:

1. Trading volume. Bitwise and Bti reports show that most of the trading volume of the head exchanges is water injection or "washing volume". Domestic exchanges are more serious, and even some exchanges have washing volume as high as 90%. Specifically, I don't guide public opinion and have no interests. You can search by yourself according to the above keywords. There are a lot of news< 2. Advertising strategy of ranking platform. At first glance, you may feel fair and beautiful, but where you don't easily pay attention, the operation of these platforms is very sneaky. For example, if you look at the second page of some ranking platforms (because you only pay attention to the first page, and the second page will not turn), all kinds of ghosts and ghosts are on it, and the weak trading volume is also on it. It's a shop bully. So we still have to clean our eyes

how to choose? Move back the priority of trading volume in your mind, and see what negative comments the exchange has, what controversial currencies are on it, and what functions you want to try. Just sort them out by yourself.

3.

Binance exchange, with rapid development, has become one of the top five exchanges in the world in just half a year. Unlike idcm.io, which was the first to support vhkd, binance directly issued its own token BNB and launched the exchange

advantages: large trading volume; Support multiple computers and mobile phones; Multi language support; More currencies: 99 cryptocurrencies such as BTC, ETH, LTC and BNB are supported, 235 paired trading markets are available, and the service charge is low; It's faster to recharge and withdraw money

disadvantage: they have no futures and OTC trading, and only support currency trading, and stopped the service to domestic users some time ago, so domestic users need to choose carefully. At the same time, because binance is an exchange trading platform, it cannot be traded directly with legal currency, so it needs to use other platforms to buy cryptocurrency

it's not very convenient to recharge it to coin an network. In addition, in February and March of this year, binance suffered serious security incidents and hackers' leek cutting attacks, and its security performance was questioned

extended information:

the process of digital currency trading through the platform is as follows:

(1) investors should first register accounts, and obtain digital currency accounts and US dollar or other foreign exchange accounts

(2) users can buy and sell digital currency with the money in their cash account, just like buying and selling stocks and futures

(3) the trading platform will sort the buying requests and selling requests according to the rules and start to match them. If they meet the requirements, the transaction will be concluded

(4) e to the difference between the buy and sell volumes submitted by users, a buy or sell request may be partially executed

the mode of digital currency trading through operating companies is as follows: take Ruibo coin as an example, Ruibo coin is operated by professional operating company opencoin, ripple protocol was originally designed based on means of payment, and the design idea is based on acquaintance network and trust chain

to use ripple network for remittance or loan, the premise is that in the network, the payee and the payer must be friends (mutual trust relationship is established), or have common friends (trust chain is formed through the transmission of friends), otherwise the trust chain between the user and other users cannot be established, and the transfer cannot be carried out

4. At present, the most influential one is the United States. In addition, Estonia and Australia can handle it. Fire coin and OK can handle the United States MSB license. The processing time is four to eight weeks. The first condition is to register the local company first. The MSB license is issued by the U.S. Department of Finance and can be found on the website

5.

Load the coin and go overseas! Over the past few months, this seems to be the most popular topic among the smart minds in the currency circle

indeed, after the relevant ban, the innovators of the currency circle began to participate in the research of "currency" trading and "agent investment and private placement" and other hedging means, and made great achievements. However, this has not restrained the pace of many exchanges and money circle tycoons moving overseas, and the Machiya houses in Kyoto, Japan, and the cryptocurrency company registration applications in Minsk (the capital of Belarus) have also gone up

It's just that what's going up in Kyoto is the local house price (including the price of a big guy's house); And Minsk rises, it is its high-tech park (HTP) the intermediary company that agent registers offers

as soon as anything gets hot, the cost of all aspects will increase. So more intelligent people began to focus on Africa, an ancient and mysterious land

As one of the cradles of ancient human beings and civilizations in the world, Africa is also plagued by poverty and backwardness. Recently, this piece of land is being regarded as "the next blockchain center" by more people in the monetary circle. Many investors and entrepreneurs begin to shout, "blockchain related enterprises are constantly emerging here, and Africa, which is quite different from the traditional impression, may soon appear in front of people."

people always believe what they want to believe, even ignore the facts. From the current point of view, Africa should have a long way to go from the title of "blockchain center". If you want to go gold panning, you must think twice

we analyze it from four aspects:

the concept of management department is rigid

Cape Town is the second largest city in South Africa, which is famous for its beautiful natural landscape and wharf

just recently, a "blockchain Research Institute" was quietly established in Cape Town. According to media reports, the blockchain research institute does not do academic research. Its main work is to provide training services related to blockchain technology to some local start-ups. According to its insiders, they not only provide training services, but also provide blockchain consulting services to enterprises

in addition, the blockchain Research Institute has also carried out close cooperation with local financial institutions, including the Bank of Africa, Standard Bank of South Africa, etc. Interestingly, some managers of these banks have received relevant training in the "blockchain Research Institute"

in fact, this blockchain Research Institute is a very common ecational institution, and it is profitable. Its teaching ability is questionable. More importantly, there is no university offering blockchain related courses on the African continent, and there is no corresponding supply of blockchain talents. The vast majority of the people still know little about blockchain

in developed countries, blockchain courses have been implemented in Colleges and universities. According to incomplete statistics, dozens of universities such as Princeton University, Tsinghua University, Stanford University, Copenhagen University, MIT, Imperial University of London, Cambridge University and New York University have offered blockchain courses

if ecation can't keep up with it and there is no large supply of talents, the construction of instry will be inadequate. For the road of blockchain in the African continent, talent is a top priority

worrying about infrastructure

when it comes to blockchain, mining is an inevitable topic. Mining requires a lot of power consumption. The S9 miner usually consumes 1350 watts of power ring operation, which is equivalent to exhausting the life of a hair dryer

However, the price of electricity varies from country to country e to different factors, including local natural conditions, development level of proctivity and relevant welfare policies

according to a research result of an organization, the cost of mining in Africa is the lowest, and the average cost of digging out a bitcoin is $4626. The rest were South America (US $5456), Middle East (US $6249), Asia (US $6378) and Europe (US $6695)

does this mean that digital currency mining can be carried out on a large scale in Africa

The Research Report "people, power, planet" released by the African development group tells us the answer from the side: in Africa, one out of every three people has no electricity. According to the total population of Africa, about 621 million Africans have no electricity. According to its development trend, it will not be until 2080 for Africa to realize the power popularization of the whole continent. In terms of grid capacity, sub Saharan Africa is about 90 megawatts, which is even lower than South Korea, which has a fifth of its population

although the electricity price is cheap, the future of blockchain's large-scale implementation is unknown when the backward infrastructure has not completely rid the public of the problem of power shortage

content source: Phoenix Technology