Crypto.com launched SuperCharger on their exchange in September 2020. The first project to launch on Supercharger was the UniSwap UNI token with a $500,000 USD allocation and they have since launched events for Polkadot (DOT) tokens and most recently Bitcoin (BTC).
Supercharger is a simple, flexible and secure liquidity mining platform for the most popular cryptocurrrency projects.
In these projects, exchange and app users receive tokens (as rewards) for depositing CRO tokens into the Supercharger pool. Any verified Crypto.com Exchange user is eligible to participate as long as you have some CRO to deposit!
How does Supercharger Work?
When a Supercharger event is in the “Charging Period”, users can deposit and withdraw tokens from the liquidity pool as often as they wish with no gas fees. A charging period is for 30 days and there’s a minimum deposit of 100 CRO which users can deposit from their Crypto.com Exchange spot wallet
Then the Reward or Distribution Period is for the next 30 days and starts after the Charging Period. And Users’ rewards are based on the liquidity score they accumulated during the Charging Period. Rewards are distributed evenly on a daily basis during the Reward Period and are prorated based on a user’s share of the total liquidity pool. These tokens are sent back to your Crypto.com exchange spot wallet.
How to Receive Your Supercharger Reward Tokens
Immediately after the charging period ends, your liquidity score and rewards are determined. Once this is confirmed, you have the option to accept it anytime before the “Acceptance and Reward Period” ends.
To ensure that you receive the full reward amount allocated to you, it is important that you log in to the Crypto.com exchange and accept your allocation before the reward distribution begins. If you don’t you will lose a portion of the reward scheduled to be distributed.
If this does happen, you are still entitled to the remaining portion of your reward allocation, just as long as you log in the exchange and accept your reward allocation.
The below tutorial walks you through the steps to accept your rewards.
It’s that time of year again where you can pick up some bargains during Black Friday and Cyber Monday. Officially, Black Friday doesn’t start until the fourth Friday in November, however every year deals start becoming available before this date.
So where will you be spending your Bitcoin for Black Friday and Cyber Monday 2020? Well, this is a great time of year for the crypto enthusiasts to pick up that new hardware wallet from Ledger or Trezor.
Ledger Black Friday
Ledger is one of the most popular and recommended crypto wallets, known for its high level of security. Over the last year, Ledger has seen many new features being introduced, including the Ledger Nano X which is on my personal shopping list for Black Friday.
The Ledger Nano X has increased storage, Bluetooth connectivity and the device can be also used to manage your crypto assets on the go. Normally priced at 119 euros, during Black Friday you can pick a Nano X for 79 euros, making a saving of around 40 euros.
Or if you’d prefer to purchase the original Ledger Nano S they also have these discounted by 40% during Black Friday from their original price of 59 euros.
Another popular hardware wallet is Trezor. I picked up a Trezor T last year replacing my Trezor One. I personally use both the Ledger and Trezor, however, one of the biggest benefits Ledger previously had over Trezor was their Ledger Live Manager. However, with Trezor releasing their own Trezor Suite in January 2021, there is very little between these two hardware wallets.
Yubikeys from Yubico won’t be most people’s first choice when thinking of Crypto Black Friday deals. But it´s one you should consider. YubiKey is the world’s leading security key for superior security, making two-factor authentication simple. Instead of authenticating via text message, or the likes of Google authenticator, you simply press a button on your YubiKey, and it authorises access in seconds.
YubiKeys can be used in conjunction with some of the major crypto sites such as the likes of Blockchain.com and Binance. Plus you can link your YubiKey to Password Managers like LastPass for extra password security.
If you’re interested in trading, Trading View also has a whopping 60% off during Black Friday. If you want to get a little more serious than just buying your crypto from the likes of Coinbase, then Trading View offers a financial took for investors and traders on Stocks, Crypto, Forex Markets, and Futures.
Simple for beginners and effective for technical analysts experts Trading View has everything you’ll need. Keep up to date with live quotes, stock charts and expert trading ideas all on an easy to use social networking platform.
The world’s leading cryptocurrency exchange Binance are committing $100,000 in Bitcoin prizes during Black Friday and this is split between 2 different promotions. If you want to take part in Binance Black Friday offers but are not yet signed up, you can sign up to Binance by using this link and get 10%+ off your trading fees. Using referral ID A6LWJ7CX when signing up to Binance
Anyone who registers for an account with Binance and completes two simple tasks (detailed below) get a chance to get a 50% discount on your their Bitcoin purchase!
Complete 50 USD (or equivalent) crypto purchase using your local currencies in their buy crypto page.
Complete at least 50 USD (or equivalent) in trading volume (includes buys and sells) on any spot, margin, and USDT-margined futures contracts.
Once completed you’ll be automatically entered into their lucky draw, where 40 lucky winners will be chosen. Receiving a maximum discount of 50% off your next Bitcoin purchase ($1,000 in BTC, terms apply).
Earn a 10% discount on every trade (except Binance Futures) by using referral ID A6LWJ7CX
Promotion 2: Available for all Binance Users
For existing Binance users, there’s up to $80,000 up for grabs. This can be won by completing a series of tasks on the exchange and guaranteeing a share of the Bitcoin prize pool. By completing any two tasks, you’ll get a share of the smaller prize pool. However if you complete all three, you’ll get a share of the bigger pool instead.
The prize pools:
$20,000 in Bitcoin, to be split equally between every eligible user that completes 2 out of 3 tasks
$30,000 in Bitcoin, to be split equally between every eligible user that completes 3 out of 3 tasks
Complete at least 1,000 USD equivalent in trading volume on any spot and margin trading pair.
Complete at least 1,000 USD equivalent in trading volume on any Binance Leveraged Token trading pair.
Complete at least 10,000 USD equivalent in trading volume on any USDT-margined trading pair.
Lucky Draw – Buy Bitcoin for 20% off
All users who complete 2 or more tasks will be placed into a lucky draw. 150 lucky winners will be randomly selected and each winner will be able to buy $1,000 in BTC at a 20% discount using BNB.
LastPass are also offering 40% off their premium service, enabling you to generate strong, secure passwords for every account you use. Whilst also storing all of these for you, meaning you no longer need to remember every single one.
With premium you’ll also get dark web monitoring and you’ll be able to provide someone emergency access to your account.
Crypto.com, the one-stop for crypto is celebrating Black Friday with 4X Pay Rewards on gift cards, exclusive flash deals for those staking CRO and exclusive promotions when you check out with Crypto.com Pay.
With Crypto.com you can exchange your crypto, use their crypto cards, earn, credit, invest and pay. As well as use new DeFi features for adding liquidity, swapping, and staking. Plus they even have their own crypto.com (CRO) tokens too.
Blockchain.com, the world’s most popular cryptocurrency wallet has introduced the Blockchain Trading Wallet. A feature they state puts even more power, into your hands. However, this Trading wallet feature has left users a little confused, about what it is, how to use it and how to withdraw funds from Blockchain.com.
What is the Blockchain Trading Wallet?
Blockchain.com’s Trading wallet is a custodial wallet. When you have crypto in your Trading Wallet you can store it there and perform functions such as receiving the crypto you Buy, Selling or Swapping your crypto in less time and with fewer fees.
However, if you’d like to send your crypto across to an external address, you must first withdraw it from your Trading Wallet balance and across to your standard wallet. And I’ll show you how to do that shortly.
Blockchain.com Wallet vs Trading Wallet
The main difference between the 2 wallets is that your wallet is non-custodial, and the Trading Wallet is custodial, meaning that Blockchain.com securely stores that balance for you.
When Blockchain.com sends crypto to your Trading Wallet, or you send crypto from your Trading Wallet (for buying or selling crypto), these transactions do not have to be sent on-chain. Meaning the transactions can be faster, as they are not affected by cryptocurrency network congestion, nor do they incur network or transaction fees, as they do not have to be confirmed by the network or any miners.
Your Blockchain.com Wallet, on the other hand, is non-custodial. Meaning that Blockchain.com does not hold those balances for you and you remain in control of your funds here with access to your private keys.
Blockchain Wallet Functions
With your Blockchain.com wallet you can send, receive, and store crypto as well as being able to send and receive to and from any external address. You can swap to and from your wallets, transfer to and withdraw your interest account, send collateral and receive a loan with ‘Borrow”. Plus you can send to and receive from your Trading wallet.
Blockchain Trading Wallet Functions
With your Blockchain.com Trading Wallet you can store your crypto and sell it, use your cash balance to buy crypto and swap to and from your trading wallet balance. Plus you can transfer to and withdraw from your interest account and send crypto from your wallet to your Trading Wallet, or withdraw crypto from your Trading Wallet to your Wallet in order to send to an external address.
How to Withdraw from Blockchain.com Trading Wallet
If you have bought Bitcoin or other cryptocurrencies from Blockchain.com the crypto will be held in your Trading Wallet, where you can store it. However, if you want to swap or send your crypto externally, you will need to withdraw it to your Blockchain.com wallet balance instead.
To withdraw, simply click onto “Send” at the top of your wallet dashboard.
Then select your currency from the dropdown list and choose the currency you want to send.
Next, click on the “From” dropdown menu and select your Trading Wallet from the list.
You can then enter the amount or click onto Max, and then click “Continue” to begin your withdrawal.
When you transfer crypto between your Wallet and your Trading Wallet, this is an on-chain transaction. Which means that it must be confirmed on the cryptocurrency’s network, and the time this takes is dependent on current network conditions.
Once the withdrawal transaction has been processed, sent, and confirmed on the blockchain, the crypto should then be available in your default wallet balance. From there, you can Swap it to another crypto, send it to the Exchange, or send it to any external address.
This blog post and tutorial covers the Blockchain Trading Wallet. However, if you want to find out more information on Blockchain.com or the Blockchain Exchange, I have beginner guides and video tutorials available for these. So, if you’re new to cryptocurrency and want to get started buying your first Bitcoin then please feel free to check out my tutorial and in-depth reviews.
If you’re trading crypto over on the Binance exchange it’s important to withdraw from Binance and not to keep your crypto stored on an exchange long term. As with any centralized exchange, you don’t have access or control over your private keys and are entrusting a 3rd party. Also, an exchange that holds a lot of assets is far more likely to be a target for hackers.
Its, therefore, recommended moving your crypto assets from Binance and into the safety of a wallet once you’ve finished trading. One of the safest wallets would be the likes of a hardware wallet like a Ledger Nano or a Trezor. Hardware wallets allow you to keep your crypto assets offline and away from any potential threats.
How to Withdraw from Binance – Step by Step Guide
In this step-by-step guide, I’ll show you how to withdraw from Binance and send your funds across to an external wallet address. Withdrawing your crypto to a hardware wallet such as a Ledger or Trezor are the safest ways to store your crypto.
To get started, log Into to Binance.com, go to ‘Wallet’ at the top of the screen, and select ‘FIAT and Spot‘
This will then display a list of all your available Fiat and Crypto Balances. You can then select the token you wish to withdraw by clicking ‘Withdraw‘.
The crypto withdrawal screen will then display, where you’ll be prompted to enter the ‘Recipient Address‘ for your withdrawal. Copy your ‘Receive‘ address from your chosen external wallet (or scan the QR code) and paste it into this field.
Enter the amount that you would like to withdraw, or click onto ‘Max‘ to withdraw all of your available balance. Any minimum withdrawal amounts will be pre-populated in the ‘Amount‘ field.
The fees for your crypto withdrawal will be shown on screen, as well as the total amount that you will receive.
When you are ready, select ‘Submit‘. Depending on your 2-factor authentication method, you may be requested to complete this before the withdrawal will complete.
Any withdrawals will be displayed under your ‘Recent Withdrawal History‘.
Binance Withdrawal Fees
When your withdrawing your funds from Binance, an important factor to check out are the Binance withdrawal fees. Binance withdrawal fees depend on the type of cryptocurrency that you are withdrawing and is on a crypto-by-crypto basis. There are also minimum withdrawal amounts that you’ll need to adhere to. You can check out the Binance Withdrawal fees and minimum amounts on their fee page.
Binance has now created its own centralized version of an automated market maker pool, named BSwap or Binance Liquid Swap. Set to rival the likes ofUniSwap, their decentralized exchange allows users to token swap, plus provide liquidity in return for an annual percentage yield and get a share of the protocol’s trading fees.
What is Binance Liquid Swap?
Binance Liquid Swap is an automated market maker (or AMM) pool product, the first of its kind in a centralized exchange. AMMs work by automating the trading process, so that no 2 traders ever have to wait to find each other. Instead, trades are executed via smart contracts, and private reserves are replaced by voluntary liquidity pools.
The benefits of using their AMM will give users lower fees, stable prices, and instant liquidity. Plus trading fees for the first month will be as low as 0.04%
They’ve initially launched with 3 crypto assets for trading which are Binance USD (BUSD), Dai (DAI), and Tether (USDT). Users can deposit these and start earning interest (plus a cut of the transaction fees) in return for pooling your tokens.
Binance, like many other centralized exchanges, are being forced to adopt DeFi tokens, or else risk being left behind. By providing the convenience of being a few clicks away from their centralized exchange, plus having the security and userbase of Binance, they hope to bring some of their users back to their platform and encourage more growth in the DeFi market.
Binance Earn is a complete suite of products that are available for Binance customers.