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Top 5 Regulated Crypto Exchanges That Investors Prefer

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With the recent cases of crypto theft, happening at a very high rate, investors are now intentional about the platforms they use to trade or invest their digital assets. In 2021, crypto criminals stole a record US $3.2 billion worth of cryptocurrency, which is a fivefold increase from 2020.

There is no disputing the fact that crypto crime, which is on the rise, is gradually becoming a crime fast-growing enterprise. Most crypto platforms have started building sophisticated secured platforms, as security is an indispensable factor to be considered in any industry.

Aside from top security as a major priority, investors also look out for crypto exchange platforms that have the following; ease of use, trading fees, and the number of coins available for trading.

To help you find the crypto exchange platform that meets your expectations in safety, ease of use, and the likes, here is a list of the top 5 best-regulated crypto exchange platforms that investors prefer to use;

Top five (5) Best Regulated Crypto Platforms That Investors Prefer

  1. Coinbase: Coinbase is an American publicly traded company that operates a cryptocurrency exchange platform. The platform is one of the most trusted cryptocurrency exchanges today. It secures cash on FDIC-Secured accounts and lets you securely connect and trade crypto via your bank account and blocks suspicious accounts to ensure user safety. This platform uses several security measures meant to secure user funds from theft and hacking in case of an eventuality. The crypto exchange platform has reportedly traded over $150 billion of digital assets so far, and is now a publicly traded company on the Nasdaq stock exchange, with close to 100 million users. The exchange platform has been considered to be one of the best crypto exchanges for beginners.
  2. Kraken: With no major hacking event since its launch of trading operations in 2013, Kraken has been described as one of the most established crypto exchanges on the market. While being the oldest isn’t always synonymous with the best, the platform has top-notch security, with more than 120 coins to choose from domestically with lower trading fees, making it a good choice for investors just starting with crypto. With the high level of theft ravaging most crypto platforms, Kraken takes its commitment to security seriously. The platform offers safe coin storage with 95% of deposits held offline in cold storage units spread worldwide. Its servers are kept in secure cages under 24/7 surveillance by armed guards and video monitors.
  3. Robinhood: This exchange platform is a U.S zero commission broker that allows its clients to invest in stocks, options, ETFs, and Crypto. The platform is designed to sell these assets in a user-friendly manner. Talking about the safety of the platform, Robinhood is a safe and legit brokerage regulated by the U.S Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Robinhood holds a majority of investors’ coins in cold storage fully disconnecting them from the internet, adding an additional layer of protection. Since investors cannot transfer their digital assets from their accounts, there is no way they can be stolen.
  4. Binance: This cryptocurrency exchange platform is said to be the largest exchange in the world in terms of the daily trading volume of cryptocurrencies. Founded in 2017, Binance is considered a safe exchange that allows user account protection via the use of Two-factor authentication. The platform exchange’s low fees have made it a major player, no wonder Binance stays ahead of the pack when it comes to trading volume. The platform, which is home to over 100 million users worldwide, facilitated trillions of pounds worth of trading activity in the first six months of 2021 alone.
  5. Gemini: This exchange platform is a regulated cryptocurrency exchange/ wallet that makes it simple and secure to buy Bitcoin, Ethereum, and other digital assets. It is available as a mobile app and a web platform, with an appealing feature for beginners, investors, and active traders. Gemini upholds the highest standards of security and operational compliance, having completed SOC 1 Type 1& Type 2, and SOC 2 Type 1 & Type 2 examinations, also earning the ISO 27001 certification. The platform has never had any history of being hacked, making it one of the most secure crypto exchanges.

Despite recent setbacks, cryptocurrency has remained a wildly popular new asset class for investors. However, asides from the fact that these exchange platforms above-mentioned are often the most preferred choice of investors, it is advisable for you to do a thorough research and compare any of the platforms, to choose your preferred option.

Come and Learn Cloud Computing Opportunities at Tekedia Mini-MBA

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Good People, the zen-master and one of the most amazing technology leaders in our continent will be in Tekedia Mini-MBA Live today. University of Ilorin’s First Class graduate and Microsoft MVP on many occasions, Olanrewaju Oyinbooke, will come to teach cloud computing and opportunities. Let’s create that future so that we can predict it. In the cloud space, Olanrewaju will explain the future.

Tekedia Institute offers Tekedia Mini-MBA, an innovation management 12-week program, optimized for business execution and growth, with digital operational overlay. It runs 100% online. The theme is Innovation, Growth & Digital Execution – Techniques for Building Category-King Companies. All contents are self-paced, recorded and archived which means participants do not have to be at any scheduled time to consume contents. Besides, programs are designed for ALL sectors, from fintech to construction, healthcare to manufacturing, agriculture to real estate, etc.

To join the next edition which begins Sept 12, click here.

We invite companies, schools, and training institutions to Tekedia for Enterprise

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We invite companies, schools, and training institutions to Tekedia for Enterprise here https://school.tekedia.com/course/enterprise/ . Resellers and growth partners across Africa wanted. Our courseware is natively African with cases on companies you use daily. Tekedia Institute will serve you, try us.

“Well researched and presented book. I’ve learnt a lot and a good eye opener” – Seedy J.

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“Well researched and presented book. I’ve learnt a lot and a good eye opener” – Seedy J. Source.

When you read my book – The Dangote System, you will understand the physics of building wealth and rising to the top. It is a liberation of the mind, from the nonsensical dogmas . Try it today…it is updated, fresher and sharper. One destination: liberate the minds of men and women, and showcase the paths to building category-king companies, irrespective of the starting point!

The principles are just as solid as Isaac Newton’s Mathematica Principia (critical for modern natural philosophy) or Adam Smith’s Wealth of Nations (catalytic for modern economic development) because they work!

National Database as a Panacea for Economic Development in Developing countries

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Nations are known to develop a National Archival and Database Management system; the national database system can be defined as a storage system for record keeping.  According to Wikipedia, a government’s database collects information for various reasons, including climate monitoring, securities, law, and compliance, geographical surveys, patent applications and grants, surveillance, national security, border control, law enforcement, public health, voter registration, and vehicle registration, social security, and statistics. While these may sound basic for every system of government that dots the globe, it is simply not the case.

In the advanced economies, not only have they met, and surpassed expectations in their National Data Management system, their business ecosystem thrives off the database. In the United States, every professional association has a database, for instance to buy and resell used cars, the requirement is to obtain a bidding license, which entails that the applicant’s identification records will be stored in the auto bidder’s database, that is centrally controlled and nationally accessible.  In some developing countries real estate industry, is not regulated, any random person will work as an agent. Real estate is an asset that is priced in millions of any currency, which requires serious vetting of its players!

Why certain developing countries don’t have an existing National Database? Let’s not mistake the issuance of a country’s International Passport to the existence of a database. After all an International Passport is a paper document that stores the name and certain details of the giver at a certain point in time. While a National Database contains comprehensive data of all its nationals, and it can be queried to supply answers when needed. Why does armed robbery, kidnap, rape cases happen in these climes over and over? Often involving same offenders, who might have been once convicted by a competent court at some point, served their sentences and released, yet there are no national record documenting these events.

It simply means that these serial rapists will still find their way back to easily renting, and possibly living amongst families with teenage female kids, because there is nothing like the sex offender record existing or an ex-convict easily mixes with the populace or easily apply for jobs, without a trace of his past criminal records.

How can business contracts be easily enforced in such climes? Where there is no reliable database? In the United States a car rental customer, literally walks into a car rental shop, books, and picks a car from say St Louis, and drops it off a week later at Texas location of the car rental company, without the thought of stealing or vandalizing the vehicle. Texas is about 830 miles from St Louis, yet the car rental company, trusted the driving license, the walk-in customer tendered, because it can be confirmed easily, and the social security gives additional comfort. This is why the gig jobs thrive in these climes.

Most developing nations can boast of having a young population, as against the developed world, where ageism is more prevalent and may adversely affect the working population. According to a United Nations report, countries like Angola, Mozambique, Nigeria, and Uganda have a median age for their population below 18 years. Yet these countries are not able to leverage the full benefits of the trending gig economy, which feeds off a sound banking network and a reliable national database framework.

The national data management system made it easy, for the advanced countries to manage the national disruption that was caused by the COVID-19 pandemic, in managing limited hospital facilities, the distribution of stimulus checks and palliatives. Additionally, the government had a reliable data of its populace that was infected by the pandemic and with this a more focused national planning strategy was possible.

I conclude by mentioning that developing countries stand to gain significantly from having a robust and an efficient data management system in place.