CoinCompanions, May the halving be with you (pun intended)! The most discussed moments in the cryptosphere is already history: the halving of the blockreward (from 12.5 to 6.25) for bitcoin-miners. The halving will take place every four years until around 2140 the last bitcoin is mined. This means that twice as little bitcoin shall be on the market, making it scarcer. The inflation rate has now reached that of gold, about 2 percent a year according to co-founder Electric Capital. The halving did not cause any high gains. But, maybe those are still yet to come as bitcoin rises a little later after the halving. Time will tell.
In this Buzz of May; CoinCompare incl. Dutch law changes, monthly Throwback, Crypto listings, the top 5 ups and downs and of course, as always the recurring Best deal provider of the month announcement!
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For the current traders not a lot shall change or even be noticed. A couple extra identification and verification steps might be required to proceed trading, if you haven’t already done so. Yet, it al depends what you need to do extra at your provider. A couple examples could be:
Next to that we removed broker HappyCoins from CoinCompare due to technical reasons. Resulting, with all the removed providers, that we do not support 16, but 12 providers at the end of May. Are you missing a provider? Let us know.
We at CoinCompare wish all the Dutch crypto providers the best of luck with their application process.
Besides the negative news, there is also positive news. We added BLOX, but more of that in our next Buzz of June.
A couple notable developments and happenings:
Trader lost $30,000.-. Gain insight on how not to trade – A must read!
Crypto listings and top 5 ups and downs
Besides the full removal of Bitqist we got a couple listings and delistings in May. Coinmerce added Cartesi (CTSI), but the buy and sell prices are currently not comparable and therefore only available on CoinWall. Let’s check out the rest of the overview below of which crypto’s have been listed and delisted at our biggest providers.
|Bitladon: Crypto.com Coin (CRO), UniBright (UTB)
|Coinmerce: Cartesi (CTSI), Rebrand Ethos (BQX) to Voyager Token (VGX)||Coinmerce: Chromia (CHR), Po.et (POE) – fully
|Bitvavo: –||Bitvavo: –|
|LiteBit: –||LiteBit: –
|Anycoin Direct: –||Anycoin Direct: –
|Coinbase: OMG Network (OMG)
As of writing the total amount of unique and price comparable crypto, per the largest provider, are as following in compare to previous month:
Knaken 212 (–)
Bitladon 197 (+2)
Bitqist 0 (-155)
Coinmerce 135 (–)
Bitvavo 58 (–)
LiteBit 53 (–) Currently under going maintenance due to wallet support. Among them are Monero, NEM and Zcash. Full article here.
Anycoin Direct 26 (–)
Coinbase 21 (+1)
CoinCompare 170 (-15)
CoinWall 318 (-14)
We started May with 185 crypto’s where we compare the prices of. With the additions, removals and the ceased operations of Bitqist the total amount has become 170 different crypto’s on our unique one page price comparison overview. On our new service CoinWall, we support 14 crypto’s less and therefore having a total of 318 different crypto’s to choose from.
The biggest ups and downs of May, wherein Theta Fuel (TFUEL) and ex-Disney’s Dragonchain (DRGN) came out victorious:
|+357.53% Theta Fuel (TFUEL)||-37.16% apM Coin (APM)|
|+277.89% Dragonchain (DRGN)||-28.83% Hydro (HYDRO)|
|+194.07% Bancor (BNT)||-25.49% Maecenas (ART)|
|+177.66% AirSwap (AST)||-22.25% Aeon (AEON)|
|+171.18% Zilliqa (ZIL)||-21.02% Tierion (TNT)|
Here are the best deal providers of the month May. Although some providers quit we still used all the collected data over May. Therefor, 16 providers with 185 comparable crypto’s and 370 prices are monitored to come to the following result:
Bitqist! We at CoinCompare enjoyed their presents in the cryptosphere. We saw two ambitious cryptolovers trying to compete with the settled providers in the Netherlands. They had a good platform, good vision and will, extensive range in crypto and their prices were relatively cheap. The only problem was that they were a little bit late with Bitqist which made it difficult to compete, but they had a chance if the law did not interfere! Thank you for the provided service Derk and Christian . Their last entries in May were 72 with a 19.35% share. In compare to April, where they had to share Bitvavo, the entries declined with 2.69%. Still, with a decline they ended their operations with bronze.
Bitvavo! The silent one. Still not a lot of social media, newsletters and listing activity. But wait, that doesn’t mean that they are doing nothing. Probably working on functional features and exchange recognition. Anyway, as said before still one of the cheapest providers on CoinCompare for the crypto that they offer. With a small gain of 1.34% in May having 87 entries and a share of 23.38% they are again the number two on our comparison platform. We have a feeling that they will stay there for a long time.
Coinmerce! As mentioned in our Buzz of April why not switch crypto providers, as you do with your energy and insurances? And did you? Depending on your trading amount and which provider you now use, you can save hundreds of euro’s. Coinmerce is the only provider on CoinCompare that always ensures the availability of the newest crypto and refreshes their portfolio on a monthly base. With a small decline in entries of 3.77% Coinmerce keeps the gold platter in Amstelveen . 121 entries were logged with a total share of 32.52% in May. Congratulations.
The best deal provider of the month is determined independently with the average of cumulating snapshots of buy and sell prices of all the best deals that are shown on our homepage. Logically, the larger the variety of crypto offered, the most chance of becoming the winner. In the end it is still the price of the crypto that matters as it has to be comparable. Discounts in Tiers and VIP levels are not included in the calculation. As deals change several times a day, due to the volatility of prices, the provider with the best deal can therefore change as well. Due to that fluctuation we take two snapshots per day to the determine the provider for that day with the most entries on our price comparison page.
By Jeroen Modified 31/07/2020