Category: cryptocurrency

Bitcoin BTC casino cryptocurrency Momentum Press Release Rollbit

Rollbit Launches Innovative New Betting Game with High-Value NFT Prizes

Rollbit Launches Innovative New Betting Game with High-Value NFT Prizesconsole.debug(‘TRINITY_WP’, ‘Skip player from rendering’, ‘is single: , is main loop: 1, is main query: 1’);console.debug(‘TRINITY_WP’, ‘trinity_content_filter’);

Press release: Introducing an exciting, new feature where you can potentially win high-value NFTs in a provably fair manner. 

 

Willemstad, CURACAO, September 28, 2021 – Rollbit has launched an innovative betting game where players can win Non-Fungible Tokens (NFTs) for a fraction of their price in a provably fair way. Rollboxes give players the chance to win popular NFTs from whitelisted collections such as CryptoPunks, 0N1 Force and Bored Ape Yacht Club. 

 

Rollboxes: An Innovative NFT Betting Game

Rollbit purchases NFTs from popular collections at or near floor price to make them available as prizes. Players then get a sneak peek of the upcoming prizes for Rollboxes by viewing Rollbit’s Ethereum address. The probability of winning a prize is displayed for each Rollbox and you can check that each spin is provably fair by following the code example on the website.

 

Take the Rollbox with Bored Ape Yacht Club #5003 as an example. It has a price of $1,023.69 to play and a win probability of 36.50%. Players have a chance to win several Bored Ape Yacht Club NFTs (some of which are worth approximately $147,000) as well as cash prizes. If the NFT in a Rollbox is won, Rollbit replaces it with another NFT or a cash prize. The prices vary for different Rollboxes depending on the value of the contents and probability of winning. Currently, the cheapest Rollbox is just under $30, giving players the chance to win two Mutant Ape Yacht Club NFTs, each worth $15,500. 

 

Rollbit players have a shot at picking up valuable NFTs for a fraction of their market price and become part of popular NFT communities that they might otherwise not be able to join because of the high prices. Rollbit also plans to add more collections so that their players can win a wider range of NFTs. If a player wins an NFT from one of the Rollboxes, they can withdraw it straight away via MetaMask to their own wallet, add it to their collection or sell it via marketplaces like OpenSea. 

 

Rollbit will also be launching their own NFT marketplace soon, making NFTs more accessible, giving users an easier way to cash out their NFT winnings and reducing the friction when it comes to trading these tokens. 

 

Rollbit is Hosting an NFT Sale 

Rollbit is not stopping there. The Rollbit team also plans to hold its own NFT sale for Rollbots, which is a collectible but is primarily focused on utility, that will act as a VIP membership card for the casino and trading platform, offering lucrative rewards and exclusive benefits to holders. 

 

Stay tuned to our social media channels to get updates on our Rollbot NFT sale! Unlike many NFT projects, Rollbots will offer unprecedented utility from day one, and will benefit from Rollbit’s existing brand and vibrant community.

 

For more information about Rollbit’s latest developments, visit Rollbit’s main site here.

 

Get in touch with Rollbit via e-mail

Join the Rollbit community on Discord

Follow Rollbit on Twitter

 

Media Contact Details

Contact Name: GrayFox

Contact Email: grayfox@rollbit.com

 

ROLLBIT is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. 

 

Source

The post Rollbit Launches Innovative New Betting Game with High-Value NFT Prizes appeared first on Bitcoin PR Buzz.

Bitcoin PR Buzz – World´s First Crypto PR Agency with 9+ Years, 900+ clients, 1500+ press releases

Source: BRPB Feed

Bitcoin BTC casino cryptocurrency Momentum Press Release Rollbit

Rollbit Launches Innovative New Betting Game with High-Value NFT Prizes

Rollbit Launches Innovative New Betting Game with High-Value NFT Prizesconsole.debug(‘TRINITY_WP’, ‘Skip player from rendering’, ‘is single: , is main loop: 1, is main query: 1’);console.debug(‘TRINITY_WP’, ‘trinity_content_filter’);

Press release: Introducing an exciting, new feature where you can potentially win high-value NFTs in a provably fair manner. 

 

Willemstad, CURACAO, September 28, 2021 – Rollbit has launched an innovative betting game where players can win Non-Fungible Tokens (NFTs) for a fraction of their price in a provably fair way. Rollboxes give players the chance to win popular NFTs from whitelisted collections such as CryptoPunks, 0N1 Force and Bored Ape Yacht Club. 

 

Rollboxes: An Innovative NFT Betting Game

Rollbit purchases NFTs from popular collections at or near floor price to make them available as prizes. Players then get a sneak peek of the upcoming prizes for Rollboxes by viewing Rollbit’s Ethereum address. The probability of winning a prize is displayed for each Rollbox and you can check that each spin is provably fair by following the code example on the website.

 

Take the Rollbox with Bored Ape Yacht Club #5003 as an example. It has a price of $1,023.69 to play and a win probability of 36.50%. Players have a chance to win several Bored Ape Yacht Club NFTs (some of which are worth approximately $147,000) as well as cash prizes. If the NFT in a Rollbox is won, Rollbit replaces it with another NFT or a cash prize. The prices vary for different Rollboxes depending on the value of the contents and probability of winning. Currently, the cheapest Rollbox is just under $30, giving players the chance to win two Mutant Ape Yacht Club NFTs, each worth $15,500. 

 

Rollbit players have a shot at picking up valuable NFTs for a fraction of their market price and become part of popular NFT communities that they might otherwise not be able to join because of the high prices. Rollbit also plans to add more collections so that their players can win a wider range of NFTs. If a player wins an NFT from one of the Rollboxes, they can withdraw it straight away via MetaMask to their own wallet, add it to their collection or sell it via marketplaces like OpenSea. 

 

Rollbit will also be launching their own NFT marketplace soon, making NFTs more accessible, giving users an easier way to cash out their NFT winnings and reducing the friction when it comes to trading these tokens. 

 

Rollbit is Hosting an NFT Sale 

Rollbit is not stopping there. The Rollbit team also plans to hold its own NFT sale for Rollbots, which is a collectible but is primarily focused on utility, that will act as a VIP membership card for the casino and trading platform, offering lucrative rewards and exclusive benefits to holders. 

 

Stay tuned to our social media channels to get updates on our Rollbot NFT sale! Unlike many NFT projects, Rollbots will offer unprecedented utility from day one, and will benefit from Rollbit’s existing brand and vibrant community.

 

For more information about Rollbit’s latest developments, visit Rollbit’s main site here.

 

Get in touch with Rollbit via e-mail

Join the Rollbit community on Discord

Follow Rollbit on Twitter

 

Media Contact Details

Contact Name: GrayFox

Contact Email: grayfox@rollbit.com

 

ROLLBIT is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. 

 

Source

The post Rollbit Launches Innovative New Betting Game with High-Value NFT Prizes appeared first on Bitcoin PR Buzz.

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Source: thinkbitcoins

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​Rollbit Introduces Bonus Battles: An Exciting and Unique Way to Enjoy Slot Games

Rollbit-2console.debug(‘TRINITY_WP’, ‘Skip player from rendering’, ‘is single: , is main loop: 1, is main query: 1’);console.debug(‘TRINITY_WP’, ‘trinity_content_filter’);

Press Release: Cryptocurrency casino platform, Rollbit, launches Bonus Battles, an innovative feature that offers exciting new ways to enjoy Bonus Features within the platform’s popular slot games.

 

9th August 2021, Willemstad, Curacao – Rollbit is announcing the launch of Bonus Battles, a unique, never before seen feature in cryptocurrency casinos, in which players can interact with each other in a variety of slot games involving Bonus Buys. This game mode is available to all (not just high rollers), as Bonus Battles can be launched with a buy-in as little as $2.05.

 

Rollbit Rewards its Loyal Customer Base

Players can join existing Bonus Battles or create their own by picking a slot, a Bonus Buy amount, and the number of competitors (currently, a maximum of 4 is permitted). Once the last participant has joined a battle, each player must buy the required Bonus Buy and whoever has the largest winnings at the end will bank everyone else’s balance.

 

To celebrate the launch of the new game mode, Rollbit is offering double rakeback on all Bonus Battles. Rakeback is just one aspect of Rollbit’s reward system where 10% of the house edge is given back to players. However, since the rakeback is doubled for Bonus Battles, 20% of the slot’s house edge is returned to players (for a limited time only!).

 

Rollbit’s Co-Founder Razer commented:

 

 “We’re extremely excited to bring Bonus Battles to the market. Bonus Battles gives our users a new and exciting way to enjoy bonus features within their favourite games, pitting 2 or more players against each other in a winner takes all PvP game mode. Our development team has done a tremendous job again, hats off to them! While the feature is pretty cool in its current form, we have so many ideas for how we can enhance Bonus Battles and add new Battle modes. Be sure to keep checking back as we’ll be shipping improvements and new Battle modes very soon.”

 

A New Dimension

Bonus Battles create a whole new social dimension for slot games and are not available anywhere else. The recent addition also opens up fresh content opportunities for casino streamers, building on Rollbit’s Streams feature. Crypto casino streams have witnessed rapid growth in popularity in the past year and the brand new Bonus Battles feature enables streamers to go head-to-head directly in slot games to create more exciting content.

 

With the recent release of Bonus Battles, Rollbit continues to expand its crypto casino offering and has positioned itself ahead of the competition. The launch of Bonus Battles followed on from a series of updates that have been delivered at a rapid rate including: 

 

  • Challenges – so players can earn more from hitting certain multipliers, 
  • Leveraged cryptocurrency trading (with 8 cryptocurrencies available), and 
  • Rollbit’s partnership program (Allowing content creators to earn more from promoting Rollbit).

 

This is just the start for Rollbit and more innovative features are on the horizon.

 

About Rollbit

Rollbit is an online casino platform specializing in cryptocurrencies. Founded in February 2020 by a team of entrepreneurs with a shared passion for online gambling, Rollbit is committed to creating unique and fun experiences for its users. The platform hosts a diverse selection of games, including slots, table games, game shows and exclusive in-house games. Rollbit is positioned at the forefront of the cryptocurrency gambling space, with instant BTC, ETH & LTC deposits/withdrawals and a plethora of exciting features for its loyal customer base.

 

For more information about Rollbit’s latest developments, visit Rollbit’s main site here.

 

Get in touch with Rollbit via e-mail

Join the Rollbit community on Discord

Follow Rollbit on Twitter

 

Media Contact Details

Contact Name: GrayFox

Contact Email: grayfox@rollbit.com

ROLLBIT is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

Source

The post ​Rollbit Introduces Bonus Battles: An Exciting and Unique Way to Enjoy Slot Games appeared first on Bitcoin PR Buzz.

Bitcoin PR Buzz – World´s First Crypto PR Agency with 9+ Years, 900+ clients, 1500+ press releases

Source: BRPB Feed

Bitcoin Bitcoin Press Release BTC cryptocurrency eth Ethereum LTC Rollbit

​Rollbit Introduces Bonus Battles: An Exciting and Unique Way to Enjoy Slot Games

Rollbit-2console.debug(‘TRINITY_WP’, ‘Skip player from rendering’, ‘is single: , is main loop: 1, is main query: 1’);console.debug(‘TRINITY_WP’, ‘trinity_content_filter’);

Press Release: Cryptocurrency casino platform, Rollbit, launches Bonus Battles, an innovative feature that offers exciting new ways to enjoy Bonus Features within the platform’s popular slot games.

 

9th August 2021, Willemstad, Curacao – Rollbit is announcing the launch of Bonus Battles, a unique, never before seen feature in cryptocurrency casinos, in which players can interact with each other in a variety of slot games involving Bonus Buys. This game mode is available to all (not just high rollers), as Bonus Battles can be launched with a buy-in as little as $2.05.

 

Rollbit Rewards its Loyal Customer Base

Players can join existing Bonus Battles or create their own by picking a slot, a Bonus Buy amount, and the number of competitors (currently, a maximum of 4 is permitted). Once the last participant has joined a battle, each player must buy the required Bonus Buy and whoever has the largest winnings at the end will bank everyone else’s balance.

 

To celebrate the launch of the new game mode, Rollbit is offering double rakeback on all Bonus Battles. Rakeback is just one aspect of Rollbit’s reward system where 10% of the house edge is given back to players. However, since the rakeback is doubled for Bonus Battles, 20% of the slot’s house edge is returned to players (for a limited time only!).

 

Rollbit’s Co-Founder Razer commented:

 

 “We’re extremely excited to bring Bonus Battles to the market. Bonus Battles gives our users a new and exciting way to enjoy bonus features within their favourite games, pitting 2 or more players against each other in a winner takes all PvP game mode. Our development team has done a tremendous job again, hats off to them! While the feature is pretty cool in its current form, we have so many ideas for how we can enhance Bonus Battles and add new Battle modes. Be sure to keep checking back as we’ll be shipping improvements and new Battle modes very soon.”

 

A New Dimension

Bonus Battles create a whole new social dimension for slot games and are not available anywhere else. The recent addition also opens up fresh content opportunities for casino streamers, building on Rollbit’s Streams feature. Crypto casino streams have witnessed rapid growth in popularity in the past year and the brand new Bonus Battles feature enables streamers to go head-to-head directly in slot games to create more exciting content.

 

With the recent release of Bonus Battles, Rollbit continues to expand its crypto casino offering and has positioned itself ahead of the competition. The launch of Bonus Battles followed on from a series of updates that have been delivered at a rapid rate including: 

 

  • Challenges – so players can earn more from hitting certain multipliers, 
  • Leveraged cryptocurrency trading (with 8 cryptocurrencies available), and 
  • Rollbit’s partnership program (Allowing content creators to earn more from promoting Rollbit).

 

This is just the start for Rollbit and more innovative features are on the horizon.

 

About Rollbit

Rollbit is an online casino platform specializing in cryptocurrencies. Founded in February 2020 by a team of entrepreneurs with a shared passion for online gambling, Rollbit is committed to creating unique and fun experiences for its users. The platform hosts a diverse selection of games, including slots, table games, game shows and exclusive in-house games. Rollbit is positioned at the forefront of the cryptocurrency gambling space, with instant BTC, ETH & LTC deposits/withdrawals and a plethora of exciting features for its loyal customer base.

 

For more information about Rollbit’s latest developments, visit Rollbit’s main site here.

 

Get in touch with Rollbit via e-mail

Join the Rollbit community on Discord

Follow Rollbit on Twitter

 

Media Contact Details

Contact Name: GrayFox

Contact Email: grayfox@rollbit.com

ROLLBIT is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

Source

The post ​Rollbit Introduces Bonus Battles: An Exciting and Unique Way to Enjoy Slot Games appeared first on Bitcoin PR Buzz.

Bitcoin PR Buzz – World´s First Crypto PR Agency with 9+ Years, 900+ clients, 1500+ press releases

Source: BPRB Feed

Source: thinkbitcoins

Bitcoin Press Release Blockchain Breakthrough Press Release cryptocurrency Ethereum Pillar

Pillar Releases V2 of the First Community-Run Multichain Wallet That Cuts Gas Fees by 99%

photo_2021-06-25_20-05-46console.debug(‘TRINITY_WP’, ‘Skip player from rendering’, ‘is single: , is main loop: 1, is main query: 1’);console.debug(‘TRINITY_WP’, ‘trinity_content_filter’);

Press Release: Pillar launches V2 of its multichain crypto wallet – the first to be governed by users. 

 

28th June 2021, London, United Kingdom – The second iteration of Pillar’s flagship crypto wallet is launching in a period of stellar growth for the wider cryptocurrency industry as crypto assets across the board see their valuations soar. In turn, crypto wallet providers like Pillar are attempting to keep pace with demand, as more and more investors, traders and crypto-enthusiasts search for secure and accessible storage for their newly-obtained assets. 

 

The V2 of Pillar’s multichain wallet – which for the first-time will be community governed – aims to provide a user-friendly and safe option for these crypto-enthusiasts, as well as an inexpensive alternative to the more mainstream and established options. Indeed, V2’s new features and services are tailored to crypto newbies and natives alike, including: 

 

  • Community DAO – Pillar (PLR) token holders govern the product roadmap, fund initiatives; manage the treasury of 100M PLR tokens; and get rewarded for their contributions.

 

  • Low fees and faster transaction speeds – users can connect to dApps available on side chains and Layer 2 networks and pay 99 percent lower fees compared to Ethereum. 

 

  • Cross-portfolio management – one wallet, one address, and one dashboard to manage crypto assets across networks for a unified multi-chain experience.

 

  • In-app Curated insights – wallet users can access industry news, trends and educational materials directly within the app (via Pillar Stories).

 

  • Decentralized and secure – smart contract-based wallets offer enhanced security and are recoverable 

 

Pillar’s founders are holding a webinar launch event called “Will DeFi Cross the Chasm?” on June 30th at 6pm CET to show attendees how the V2 multichain wallet can guide them on their crypto journeys. 

 

CEO of Pillar, Michael Messele says:

 

“Pillar aims to play a vital role in bringing DeFi to a mainstream audience with this release,” adding;

 

“The V2 launch brings together the expertise we’ve gained from building and scaling smart wallet solutions in the decentralized space over the past three years with exceptional UX/UI.”

 

CCO of Pillar, Aldin Ademović said, 

 

“Ethereum remains the industry leader for innovation and liquidity, and Pillar V2 will guide users there, but with more intent and purpose by educating them on the basic characteristics of EVM-compatible chains and the benefits of smart contract wallets.”

 

The updated WalletConnect feature will have automatic network switching to connect users to chains like xDAI, Binance Smart Chain, and Polygon.

 

“Pillar’s native SDK, Etherspot, powers the multichain aspect of the V2 smart wallet, making the entire experience seamless for users,” Ademović continued; 


 “Plus developers can leverage the technology for broader adoption in the DeFi space.” 

 

Pillar Partner Ramp Network  makes in-app fiat purchases possible on EVM-chains, reducing purchase fees by 80 percent. Data-driven analytics will be provided by partner Novum Insights, a market intelligence company based in London.

 

Pillar’s webinar launch event, “Will DeFi Cross the Chasm?” takes place on June 30th at 6pm CET! Speakers include Pillar CEO Michael Messele and CCO Aldin Ademović, together with industry leaders and partners including AAVE’s Integration Lead, Mark Zeller, Polygon’s VP Growth, Arjun Kalsy and 1inch’s Co-Founder, Anton Bukov. 

 

Click here to register for the webinar.

 

About Pillar

Pillar is an open-source project and community-run crypto wallet that makes DeFi markets accessible, affordable, and easier to navigate. 

It’s the first multichain DeFi wallet to be governed by users: PLR token holders can join the community DAO and take part in product development, project roadmapping, partnerships, funding marketing initiatives, and more. 

Powered by its native Etherspot, Pillar’s crypto wallet caters to users of Ethereum and EVM-compatible chains, and puts community first by empowering users with information.

Pillar V2 launches today with many exciting new features and benefits and users are encouraged to download V2 and join our Discord community. Download Pillar for Android or iPhone today!

To learn more about how Pillar plans to create a seamless DeFi experience for users, and to sign up for the webinar, visit the website here.

 

Follow Pillar on Twitter

Read Pillar documentation on Github

Download Pillar’s app for iOS and Android here

 

Media Contact Details

Contact Name: AmaZix Press Team

Contact Email: press@amazix.com 

 

PILLAR is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. 

 

Source

The post Pillar Releases V2 of the First Community-Run Multichain Wallet That Cuts Gas Fees by 99% appeared first on Bitcoin PR Buzz.

Bitcoin PR Buzz – World´s First Crypto PR Agency with 9+ Years, 900+ clients, 1500+ press releases

Source: BPRB Feed

Source: thinkbitcoins

Bitcoin Press Release Blockchain Breakthrough Press Release cryptocurrency Ethereum Pillar

Pillar Releases V2 of the First Community-Run Multichain Wallet That Cuts Gas Fees by 99%

photo_2021-06-25_20-05-46console.debug(‘TRINITY_WP’, ‘Skip player from rendering’, ‘is single: , is main loop: 1, is main query: 1’);console.debug(‘TRINITY_WP’, ‘trinity_content_filter’);

Press Release: Pillar launches V2 of its multichain crypto wallet – the first to be governed by users. 

 

28th June 2021, London, United Kingdom – The second iteration of Pillar’s flagship crypto wallet is launching in a period of stellar growth for the wider cryptocurrency industry as crypto assets across the board see their valuations soar. In turn, crypto wallet providers like Pillar are attempting to keep pace with demand, as more and more investors, traders and crypto-enthusiasts search for secure and accessible storage for their newly-obtained assets. 

 

The V2 of Pillar’s multichain wallet – which for the first-time will be community governed – aims to provide a user-friendly and safe option for these crypto-enthusiasts, as well as an inexpensive alternative to the more mainstream and established options. Indeed, V2’s new features and services are tailored to crypto newbies and natives alike, including: 

 

  • Community DAO – Pillar (PLR) token holders govern the product roadmap, fund initiatives; manage the treasury of 100M PLR tokens; and get rewarded for their contributions.

 

  • Low fees and faster transaction speeds – users can connect to dApps available on side chains and Layer 2 networks and pay 99 percent lower fees compared to Ethereum. 

 

  • Cross-portfolio management – one wallet, one address, and one dashboard to manage crypto assets across networks for a unified multi-chain experience.

 

  • In-app Curated insights – wallet users can access industry news, trends and educational materials directly within the app (via Pillar Stories).

 

  • Decentralized and secure – smart contract-based wallets offer enhanced security and are recoverable 

 

Pillar’s founders are holding a webinar launch event called “Will DeFi Cross the Chasm?” on June 30th at 6pm CET to show attendees how the V2 multichain wallet can guide them on their crypto journeys. 

 

CEO of Pillar, Michael Messele says:

 

“Pillar aims to play a vital role in bringing DeFi to a mainstream audience with this release,” adding;

 

“The V2 launch brings together the expertise we’ve gained from building and scaling smart wallet solutions in the decentralized space over the past three years with exceptional UX/UI.”

 

CCO of Pillar, Aldin Ademović said, 

 

“Ethereum remains the industry leader for innovation and liquidity, and Pillar V2 will guide users there, but with more intent and purpose by educating them on the basic characteristics of EVM-compatible chains and the benefits of smart contract wallets.”

 

The updated WalletConnect feature will have automatic network switching to connect users to chains like xDAI, Binance Smart Chain, and Polygon.

 

“Pillar’s native SDK, Etherspot, powers the multichain aspect of the V2 smart wallet, making the entire experience seamless for users,” Ademović continued; 


 “Plus developers can leverage the technology for broader adoption in the DeFi space.” 

 

Pillar Partner Ramp Network  makes in-app fiat purchases possible on EVM-chains, reducing purchase fees by 80 percent. Data-driven analytics will be provided by partner Novum Insights, a market intelligence company based in London.

 

Pillar’s webinar launch event, “Will DeFi Cross the Chasm?” takes place on June 30th at 6pm CET! Speakers include Pillar CEO Michael Messele and CCO Aldin Ademović, together with industry leaders and partners including AAVE’s Integration Lead, Mark Zeller, Polygon’s VP Growth, Arjun Kalsy and 1inch’s Co-Founder, Anton Bukov. 

 

Click here to register for the webinar.

 

About Pillar

Pillar is an open-source project and community-run crypto wallet that makes DeFi markets accessible, affordable, and easier to navigate. 

It’s the first multichain DeFi wallet to be governed by users: PLR token holders can join the community DAO and take part in product development, project roadmapping, partnerships, funding marketing initiatives, and more. 

Powered by its native Etherspot, Pillar’s crypto wallet caters to users of Ethereum and EVM-compatible chains, and puts community first by empowering users with information.

Pillar V2 launches today with many exciting new features and benefits and users are encouraged to download V2 and join our Discord community. Download Pillar for Android or iPhone today!

To learn more about how Pillar plans to create a seamless DeFi experience for users, and to sign up for the webinar, visit the website here.

 

Follow Pillar on Twitter

Read Pillar documentation on Github

Download Pillar’s app for iOS and Android here

 

Media Contact Details

Contact Name: AmaZix Press Team

Contact Email: press@amazix.com 

 

PILLAR is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. 

 

Source

The post Pillar Releases V2 of the First Community-Run Multichain Wallet That Cuts Gas Fees by 99% appeared first on Bitcoin PR Buzz.

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Source: BRPB Feed

cph crypto crypto cryptocurrency exchange low fees Momentum Press Release

Dominant Trading Platforms Charge Traders up to 13 Times more than CPH Crypto 

CPHCrypto_Fees

Bitcoin Press Release: Recent calculations clearly document that the dominant crypto trading platforms are up to 13 times more expensive for active crypto traders to use than the new Scandinavian exchange CPH Crypto.  

 

16th December 2020, Copenhagen, Denmark – Every swing trader, day trader and scalper in the crypto market knows the importance of trading fees and how those fees often make it extremely difficult to pursue trading strategies based on high-frequency trading. It’s commonly known among traders that cost simply kills profit. 

 

Lack of competition and transparency prevents traders to profit. The problem is simple: Up until now, the competition on fees in the crypto trading market has been virtually absent, and the dominant trading platforms have been able to charge exorbitant transaction fees and get away with opaque pricing structures, which has made it extremely difficult for customers to figure out what they are actually paying in total for the services they are using.  

 

The reason for the problem is immaturity in the crypto market. Going back twenty years, the traditional stock, bond and FX market was on the same stage of development as the crypto market is today, and similar to the crypto market, the traditional market was dominated by few very big players that were able to charge very high prices because of lack of competition and transparency.  

 

Immediate Disruption of Fee Structures 

“Eventually new players entered the market and started to disrupt the dominant players’ pricing models and drive down prices. And today, trading fees on traditional products are only fractions of the level we see in the current crypto market,”

 

says CEO Jan Andersen, CPH Crypto, who continues:

 

“Our team knows this because we have our roots in the old trading world. And our declared mission is to disrupt the dominant crypto players by offering our clients fees that are way below the fees of these players. The history evidently repeats itself, only this time traders should not have to wait twenty years before the fees are down to a reasonable level. CPH Crypto has decided to drive down the fees immediately.” 

 

Watch out for Hidden Fees 

To obtain a complete view of a particular broker’s or exchange’s trading fees, you need to take both commissions and spread into consideration. Traders tend to forget the impact of the spread on the total costs, even though the spread is often where the most significant part of the total fees is hidden, especially when trading on so-called commission-free brokers or exchanges.  

Typically these brokers/exchanges tend to compensate for the lack of fee on commission by heavily increasing the spread – the difference between the bid price and the sales price – which enables them to earn their margin on the spread instead. On top of this, traders should not forget that high fees on money management – like deposits and withdrawal – is also added to the total costs.  

 

Extreme Price Differences up to 1,249% 

In order to prove the extreme differences in fees between CPH Crypto and four globally dominant trading platforms, CPH Crypto has conducted a line of price comparison based on concrete examples. Four major platforms are Binance, Kraken, Coinbase Pro and eToro, and the examples are based on one month of crypto trading volume of respectively 1,000 USD, 10,000 USD, 200,000 USD and 500,000 USD. In summary the results of the comparisons are:  

 

By 1,000 USD Per Month  

  • Cheapest platform: CPH Crypto with fees in total: 0.6 USD 
  • Most expensive platform: Coinbase Pro with fees in total: 5.0 USD 
  • Difference 4.4 USD / 733% 

 

By 10,000 USD Per Month 

  • Cheapest platform: CPH Crypto with fees in total: 6 USD 
  • Most expensive platform: eToro with fees in total: 37.5 USD 
  • Difference: 31.5 USD / 525% 

 

By 200,000 USD Per Month

  • Cheapest platform: CPH Crypto with fees in total: 79 USD 
  • Most expensive platform: eToro with fees in total: 750 USD 
  • Difference: 671 USD / 849% 

 

By 500,000 USD Per Month

  • Cheapest platform: CPH Crypto with fees in total: 139 USD 
  • Most expensive platform: eToro with fees in total: 1,875 USD 
  • Difference 1,736 USD / 1,249% 

(Numbers collected in Q2, 2020. Please see this page for more information)

 

“All-in-one” Fixed Fee. Unlimited Trading for 39 USD/Month 

According to CPH Crypto’s philosophy, traders should only have to focus on their strategy and not on the costs when they trade. That is why CPH Crypto goes against the trend of high trading fees on the crypto market and offers a deep-discount fixed “all-in-one” fee of only 39 USD/month for unlimited trading or a commission of only 0.04 pct. per transaction for single trading.   

 

To learn more, visit the CPH Crypto website: https://cphcrypto.com/

 

Media Contact Details

Contact Name: Jan Andersen

Contact Number: +45 4060 3239

Contact Email: jan@cphcrypto.com

 

CPH Crypto is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. 

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Publicly-listed Crypto Exchange Offers Margin Trading in Crypto Spot Market

16th November 2020, Copenhagen, Denmark – Only two months down the road from the launch of the new company in September, the Scandinavian crypto exchange CPH Crypto now adds margin trading with leverage 10x at zero cost in the crypto spot market including the most popular cryptocurrency pairs.  

CPH Crypto launched at the beginning of September with a clear profile and a strong message to the crypto market: The current level of trading fees set by the biggest international trading platforms does not benefit customers and must be driven down. CPH Crypto’s mission is to make that happen by offering a fixed fee of only 39 USD/month for unlimited trading. Or a commission of only 0.04 pct. per transaction for single trading.  

 

Freedom to Pursue any Strategy

A lesson learned over the years is that cost kills profit. That is why CPH Crypto is targeting primarily active and professional crypto traders who need full freedom to pursue their trading strategies without worrying about the costs.

“When we launched CPH Crypto, the platform offered the most basic services. But now, a few months later we are happy to announce that margin trading and leverage 10x in the crypto spot market are available services on the trading platform,” says Jan Andersen, CEO of CPH Crypto.

For new clients, margin trading will even be free of cost for a limited period of time, so everybody has a chance to benefit and explore CPH Crypto’s services first hand and with no strings attached. Jan Andersen explains:

“Active traders should only have to focus on their trading strategy and not on the costs. That’s the core idea and philosophy of CPH Crypto. But active traders also want advanced opportunities, instruments and services like margin trading and leverage to support their strategies and manage their portfolio. These services have been our top priority.”

 

Deposits Insured

When trading with CPH Crypto, all client crypto deposits are insured. So in the unlikely event of the company being hacked, clients’ deposits would not be affected.

“Trust and credibility are key values for CPH Crypto and that’s why we have this rather unusual feature of insured crypto deposit as a cornerstone in our client offer,” says Jan.

CPH Crypto is registered with the Danish FSA according to the AMLD5 Directive on Anti Money Laundering.

Visit the CPH Crypto website now: www.cphcrypto.com

 

Media Contact Details
Contact Name: Jan Andersen
Contact Number: +45 4060 3239
Contact Email: jan@cphcrypto.com

 

CPH Crypto is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. 

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