DNB registration updates, bitcoin record and Best deal provider November

Hi CoinCompanion, welcome to this new buzz. It may not have been gone unnoticed, but bitcoin Bitcoin BTC orange symbol CoinCompare reached another new record since 2017 Grey rocket with red wings flying. In addition, almost all providers are listed in the DNB register. Will the remaining providers manage to be registered? And one of the largest providers in the Netherlands has cleaned up its crypto portfolio. Further in our Buzz of November, 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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DNB registration crypto providers update

In our previous buzz, we paid attention to why the government wants to regulate trading crypto and what measures need to be taken. Meanwhile, the ‘know your customer’ (KYC) rules 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. Below the list of providers registered to date:

AMDAX 01-10-2020
BLOX 06-11-2020
LiteBit 06-11-2020
Anycoin Direct 04-11-2020
Coinmerce 09-11-2020
Bitvavo 09-11-2020
Bitmymoney 16-11-2020
Bitladon 13-11-2020
Bitonic 17-11-2020
HappyCoins 17-11-2020
BTC Direct 19-11-2020
Bit4coin 20-11-2020
Bitcoin.eu 21-11-2020
Source: dnb.nl

The registration of Knaken, SATOS, 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.

What is important to know is that registered companies are not subject to prudential supervision by DNB or conduct supervision by the AFM. This means that there is no supervision of financial business risks and no specific financial consumer protection. So still make sure that you do thorough research and read into the matter involved, before you start trading cryptos.

Registration procedure differences

Consumers and businesses have to identify themselves by means of ID cards, driver’s licenses or passports due to the requirements of DNB. By regulating, we at CoinCompare hoped that providers would align and set up their registration procedures uniformly and honestly. We at CoinCompare have an account with most providers and we also had to identify ourselves. We noticed that there are huge differences between the “required” personal information requested from the providers. Each with its own stricter requirements and rules. Bitladon, for example, asks proof of your name and living address in their identification process. This serves as proof that you are actually registered at the address you provide. The source of that proof may only be an invoice or note from a utility or insurance company or a bank. Coinmerce and amongst others Bitvavo and Bitonic do not ask for a similar proof.

If you value your privacy, it is unfortunate that one provider asks for more information than the other. So you can conclude that that extra information is not mandatory if another provider does not ask for it. For this reason CoinCompare shall clarify the identification procedures of our providers in the near future, so that starting or switching traders know what personal information they are going to leave behind. After all, it can determine at which provider you shall trade.

CoinCompare

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:

  • .eu domain movement Google. There are still a couple .cc links on Google.
  • Expansion of content provider pages.
  • Rating providers.
  • Add new provider.
  • API updates. Finished.
  • Back-end optimizations.

Throwback

A couple notable developments and happenings:

The $955 Million in Bitcoin Hackers Have Been After Just Moved

Bitladon and Coinmerce have been nominated for BCNL Community Award

Bitcoin Price Sets New Record High of $ 19,850

Enough ETH raised to launch Ethereum 2.0

Crypto listings and top 5 ups and downs

Partly driven by the DNB regulation, a large crypto cleanup took place. Knaken in particular as they cleaned up their portfolio wildly. More than 22 crypto’s have been removed, so they are again under the amount of 200. Bitladon is still by far above the rest with the largest variety of crypto. Below the complete overview of which crypto’s have been added and removed at our largest providers:

Listed

Delisted

Bitladon: Celsius (CEL), New BitShares (NBS), Stratis (STRAX)
Bitladon: GET Protocol (GET), Novo (NOVO), Po.et (POE), Stratis (STRAT) rebranded symbol to Stratis (STRAX), Vitae (VITAE)
Knaken:
Knaken: Aelf (ELF), APIX (APIX), BitTorrent (BTT), Blockcloud (BLOC), BlockTV (BLTV), Cred (LBA), Crowd Machine (CMCT), DECENT (DCT), Dent (DENT), Edgeless (EDG), Flexacoin (FXC), HYCON (HYC), IHT Real Estate Protocol (IHT), Maecenas (ART), NEO (NEO), NoLimitCoin (NLC2), OST (OST), PAL Network (PAL), Pledge Coin (PLG), Refereum (RFR), Stratis (STRAT), XEL (XEL)
Coinmerce: Stratis (STRAX) Coinmerce: Stratis (STRAT) rebranded symbol to Stratis (STRAX)
Bitvavo: Bitvavo:
LiteBit: Stratis (STRAX)
LiteBit: Crypto.com (MCO), Stratis (STRAT) rebranded symbol to Stratis (STRAX)
Coinbase: Civic (CVC), Decentraland (MANA), District0x (DNT)
Coinbase:
Anycoin Direct:
Anycoin Direct: Stratis (STRAT)
BLOX: ICON (ICX), Waves (WAVES)
BLOX:

Amount of crypto offered

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 214 (-2)
Knaken 182 (-22)
Coinmerce 146 ()
Bitvavo 58 ()
LiteBit 54 (-1) Wallet maintenance ongoing. Among them are Monero, NEM and Zcash. Full article here.
Coinbase 37 (+3)
Anycoin Direct 20 (-1)
BLOX 27 (+2)
———————————
CoinCompare 179 (+1)
CoinWall 321 (-19)

We started November with 179 crypto’s where we compare the prices of. With the updates the number of crypto’s to compare remains the same on our unique one page price comparison overview. At CoinWall, where all offered crypto’s of our providers are shown, we now support 321 crypto’s to choose from.

YES! Bitcoin Bitcoin BTC orange symbol CoinCompare has reached a new all time high based on the US dollar ($)! At least, the record depends on which exchange you check the price at. Large websites that monitor prices differ in terms of price height for a new record. CoinGecko registered the all time high at $ 19,832.27 on December 1, 2020, while CoinMarketCap still has $ 20,089.00 registered as of December 17, 2017. A record height or not it remains a spectacular month for bitcoin with an increase of 37.58% in November. There are also a number of altcoins that have shown bizarre increases. District0x (DNT) is by far the winner, partly due to the listing on Coinbase, with an increase of 414%! If only you had…. Well, crypto remains crypto! Here are the rest of the top 5 biggest ups and downs:

Ups

Downs

+414,96% District0x (DNT) -82,35% Electra (ECA)
+277,12% SpaceChain (SPC) -73,75% apM Coin (APM)
+210,36% Civic (CVC) -45,61% Memetic (MEME)
+164,94% Ripple (XRP) -44,84% Vodi X (VDX)
+163,65% Horizen (ZEN) -38,92% FLO (FLO)

Best deal provider of the month

Throughout the month, 13 providers with 180 price comparable crypto’s and 360 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 November:

Bitladon! The broker from Aalsmeer has 60 hits in November with a share of 16.66%. 7 hits less than in October resulting in a loss of 1.54%. It is still enough to hold the third position.

Bitvavo! Bitvavo does not change position either. With 101 hits and a share of 28.05%, Bitvavo caught up with the loss of October by 2.24%.

Coinmerce! Why pay more elsewhere for the same crypto? At Coinmerce you are assured that you pay and get the best price for a large part of their offer. With 145 hits and a share of 40,27% Coinmerce remains the number 1 Best deal provider on CoinCompare .

Broker of the month at CoinCompare

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. Yet, 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 determine the best deal provider for that day with the most hits on our price comparison page.

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