1 Level
6 Review
3 Karma
Review on Bitcoin Diamond by Alexandra Wells
One of the primary reasons for the fast growth of cryptocurrencies in the…
One of the primary reasons for the fast growth of cryptocurrencies in the market today is the promise to lower the transaction fee. While Bitcoin Diamond is yet to make the actual transaction cost clear, it is lower than what Bitcoin charges. This is made possible through a bigger block size and implementation of Segregated Witness technology.
Pros
- Look for the platform that lists very many cryptocurrencies. This will give you endless opportunity to get profitable trading pairs. Only select the trading platform that has low transaction fees. This will allow you to keep the bulk of the profit made when trading different assets.
Cons
- Identify the trading platform that has a great reputation among the cryptocurrency community. If the community is very satisfied with the platform, you can also expect to get similar satisfying results. Pick the platform that allows traders to move their crypto assets to their wallets immediately. This reduces the danger of getting attacked at the highly prone crypto exchanges.
