Image Source: stellar.org Here’s Everything You Need to Know About Stellar The past several weeks have not been positive for the broad cry...
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| Image Source: stellar.org |
The past several weeks have not been positive for the broad cryptocurrency market. Bitcoin continues to be a laggard and as regulatory pressures weigh, traders are shifting their attention towards the altcoins market.
Although the BTC developments impact other tokens as well, price movements are not identical. That is why traders can actively seek tokens that are either outperforming or underperforming, given new trading opportunities can emerge there. One of the altcoins deserving special attention is Stellar, which is why we will be focusing on it now.
What is Stellar?
Stellar is an open network allowing for money to be moved and stored. Released in July 2014, it aims to boost financial inclusion, especially among the unbanked, while also helping financial firms connect via the blockchain.
The network’s native token is the Lumen and thanks to it, a bridge to trade assets across borders has been created. Stellar wants to disrupt existing payment providers, charging high fees for services, and provide a cheaper alternative.
Stellar top benefits
In the case of Stellar, transaction costs are among the lowest in the market, now standing at around 0.00001 XLM. During the past few years, Stellar has managed to secure partnerships with big brands like IBM, and more recently, the blockchain security company GK8 also followed on the same path. Also, the price of Stellar has been volatile over the years, creating a proper environment for short-term cryptocurrency trading.
Where can you trade Stellar?
Ranking 24th by market capitalization, Stellar is a cryptocurrency currently covered by many providers of online trading services. One of them is Coinrise, a brand headquartered in Canada, serving both local residents and people from many other countries. With expertise in the field of trading and investing, it has managed to design a customer-friendly infrastructure, facilitating access to some of the most heavily traded cryptos in the market.
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| Image Source Pixabay |
Considering all the challenges arising with cryptocurrencies, you need a trading brand like Coinrise, as the benefits associated with a trading account are generous. 6 different account types await traders eager to start and the customized trading software turns out to be a proper tool for getting involved in the market from any place on the globe.
The list of trading features associated with Coinrise includes support from an account executive, trading signals, a complete money management plan, a welcome bonus on deposit, daily market reviews, 1-on-1 educational courses and more. Access to these benefits mainly depends on the account type chosen.
This is not a provider who conditions access to the market with large initial deposits. In fact, it has a low deposit requirement for a Mini account. Traders can test live trading conditions without putting a lot of capital at risk.
Regardless of where the cryptocurrency market is headed, Coinrise offers a tailored crypto trading offer. People with little or no expertise can get started thanks to the variety of educational resources available. Cryptocurrencies are assets designed for the wider public and all people should gradually learn how to use them for their personal benefit.
