Hi CoinCompanion, welcome to a new year and to this new buzz. Good to have you back! It may not have escaped your notice, but bitcoin breaks record after record. On December 25th it was worth $ 25,000.-, December 26th $ 26,000.- and on December 27th $ 27,000.- and at the time of writing even the $ 30,000.- has passed . A year ago the digital gold was still worth around $ 6,500. Unbelievable! Where many traders are waiting for a correction and do not dare to invest, large investment companies continue to buy bitcoin resulting the continuation of the upward trend. On social media the speculations aren’t making fun of the gains, “$ 100,000 at the end of 2021”. We shall see.
Further in our Buzz of December, CoinCompare updates, monthly Throwback, overview of the crypto listings and delistings, the top 5 ups and downs and of course the recurring Best Deal provider of the month announcement!
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Meanwhile, the ‘know your customer’ (KYC) policy based on the European Anti-Money Laundering Directive (AMLD5) and the Dutch Money Laundering and Terrorist Financing Prevention Act (Wwft) have been formulated and landed in crypto Netherlands. Almost all known providers were successfully registered in the DNB register before or on 21st of November. Recently SATOS also managed to register at the DNB. Below the list of providers registered to date:
Anycoin Direct 04-11-2020
BTC Direct 19-11-2020
The registration of Knaken, BUX Crypto and Bitdenex are still ongoing. These providers may continue their operations as long as they continue to work towards a completed registration.
Despite the fact that the regulation was unavoidable, the impact of the forced registration remains big and contradicts against the desire of innovation and freedom. CoinCompare is in favor of measures to combat crime, but not with proportional requirements that restrict freedom and privacy. A good article in line with this has recently been written by Bitonic. An article we agree with. Article can be found here.
At CoinCompare we like to indicate what we are working on and what developments and updates are coming up. We think it’s important to give you, as a CoinCompanion, a glimpse into our kitchen, so that you know what we’re working on. The following points are ongoing or are currently in progress:
A couple notable developments and happenings:
Listings, delistings, rebrands, we’ve had it al in December. Below the complete overview of which crypto’s have been added and removed at our largest providers:
|Bitladon: Alpha Finance Lab (ALPHA), Axie Infinity (AXS), Firo (FIRO), FTX Token (FTT), Golem (GLM), Huobi Token (HT), The Graph (GRT), The Sandbox (SAND), Validity (VAL)
||Bitladon: Golem (GNT) rebranded symbol to Golem (GLM), Radium (RADS) rebranded to Validity (VAL), Zoin (XZC) rebranded to Firo (FIRO)|
|Knaken: Kusama (KSM)
||Knaken: Golem (GNT), Radium (RADS)
|Coinmerce: Golem (GLM)||Coinmerce: Golem (GNT) rebranded symbol to Golem (GLM)|
|Bitvavo: Multi-Collateral DAI (DAI), Stratis (STRAX), Tether (USDT), USD Coin (USDC)||Bitvavo: Stratis (STRAT) rebranded symbol to Stratis (STRAX)|
|LiteBit: Validity (VAL)
||LiteBit: Radium (RADS) rebranded to Validity (VAL), Zcoin (XZC)
|Coinbase: Aave (Aave), Bancor (BNT), Filecoin (FIL), NuCypher (NU), Synthetix (SNX), The Graph (GRT)
|BLOX: Kyber Network (KNC), Synthetix (SNX), Polkadot (DOT)||BLOX: –|
|Anycoin Direct: –
||Anycoin Direct: –|
As of writing the total amount of unique and price comparable crypto, per the largest provider, are as following in compare to previous month:
Bitladon 220 (+6)
Knaken 181 (-1)
Coinmerce 146 (–)
Bitvavo 61 (+3)
LiteBit 53 (-1) Wallet maintenance ongoing. Among them are Monero, NEM and Zcash. Full article here.
Coinbase 43 (+6)
BLOX 30 (+3)
Anycoin Direct 20 (–)
CoinCompare 182 (+3)
CoinWall 328 (+7)
We started December with 179 crypto’s where we compare the prices of. With the updates the number of crypto’s to compare on our unique one page price comparison overview has become 182. At CoinWall, where all offered crypto’s of our providers are shown, we now support 328 crypto’s to choose from.
As indicated earlier, bitcoin continues to break record after record, but it is not enough to get into the top 5 of the ups. Ripple (XRP) on the other hand, was in the top 5 ups last month, but after the news that they are being sued, they ended up on the right side, the downs side. And also the top position! That’s gotta hurt. Here are the rest of the top 5 biggest ups and downs:
|+254.56% Tutor’s Diary (TUDA)||-64.50% Ripple (XRP)|
|+237.49% LBRY Credits (LBC)||-46.83% NuCypher (NU)|
|+224.86% Theta (THETA)||-42.72% Aeon (AEON)|
|+213.58% Theta Fuel (TFUEL)||-42.38% IoT Chain (ITC)|
|+156.97% Injective Protocol (INJ)||-41.32% FLO (FLO)|
Throughout the month, 13 providers with 186 price comparable crypto’s and 372 buying and selling prices have been monitored to conclude who is going home with the gold medal. Here are the Best Deal providers of the month December:
Bitladon! The broker from Aalsmeer remains at the top for offering the most crypto! No less than 220 different and thus leaves the competition far behind. Bitladon also has won a prize in December. With 38% of the votes they won the BCNL Community Award. Concerning the hits or registrations, not much has changed. In November they had 60 and in December they had 59 with a share of 16.38%. A small loss of 0.28%, but enough for the bronze medal.
Bitvavo! Fi-nal-ly, Bitvavo has revealed the news about adding new crypto. The last time was June 2019, when they added Nuls (NULS). The three new crypto are stablecoins Multi-Collateral DAI (DAI), Tether (USDT) and USD Coin (USDC). Adding those three had little to no effect on the number of hits. November ended with 101 hits and a share of 28.05%. December ended with 1 hit more, namely 102 hits and a share of 28.33%. This ensures them the number 2 position as Best Deal provider on CoinCompare.
Coinmerce! There can only be one winner and that is and remains Coinmerce! Also in December they keep most of the hits. They ended November with 145 hits and a share of 40.27%. December is not much different, namely 144 hits with a 40% share. With these figures Coinmerce is again the number 1 Best Deal provider on CoinCompare . Why continue to pay more elsewhere for the same crypto, right? By staying the Best Deal provider month after month in 2020, it can’t be otherwise that after 2019 Coinmerce will also be the Best Deal provider for 2020 ! Congratulations . Read the announcement here.
Read our extensive review about Coinmerce here, to find out all the ins and outs of the broker from Amstelveen.
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 comparison page. Logically, the larger the variety of crypto offered, the most chance of becoming the winner. Yet, in the end it is still the price of the crypto that matters as it has to be comparable and shown as best deal. 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 determine the best deal provider, with the most hits on our price comparison page, for that day.