Hi CoinCompanion, nice of you to stop by again. The crypto market is in its longest bull period ever, breaking one record after another. So has the market capitalization of all crypto combined, which has reached a value of over 1 trillion! It doesn’t stop there . Large investment firms continue to buy up bitcoin , continuing the upward trend. Not only bitcoin is included in investment portfolios, but also many altcoins like Ethereum, Polkadot and Chainlink are disappearing into the hands of investment companies.
Further in our Buzz of January, 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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No updates! 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.
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
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 is going on. Since December ’20, the interest in crypto has skyrocketed. Partly due to the rising price of bitcoin and the advertising on television of BLOX. The interest and attention has led to more and more visitors that knew how to find us and therefore the site was slowed down or sometimes even down. We do not want to do this to you again. We therefore have done everything possible to solve the problems and to avoid them in the future. The following remaining points are ongoing or are currently in progress:
A couple notable developments and happenings:
Listings, delistings, rebrands, we’ve had it al in January. Below the complete overview of which crypto’s have been added and removed at our largest providers:
|Bitladon: 1INCH Token (1INCH), Firo (XZC) updated symbol to Firo (FIRO), Solana (SOL)
||Bitladon: Electra (ECA)
||Knaken: Augur (REP), ExclusiceCoin (EXCL), PIVX (PIVX),
|Coinmerce: –||Coinmerce: Insolar (XNS)|
|Bitvavo: Golem (GNT) updated symbol to Golem (GLM)||Bitvavo: –
||LiteBit: Dent (DENT)
||Coinbase: Ripple (XRP)
|BLOX: –||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 221 (+1)
Knaken 178 (-3)
Coinmerce 145 (-1)
Bitvavo 61 (–)
LiteBit 52 (-1) Wallet maintenance ongoing. Among them are Monero, NEM and Zcash. Full article here.
Coinbase 42 (-1)
BLOX 30 (–)
Anycoin Direct 20 (–)
CoinWall 325 (-3)
We started January with 182 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 183. At CoinWall, where all offered crypto’s of our providers are shown, we now support 325 crypto’s to choose from.
As previously stated, bitcoin continues to break record after record, but it is still not enough to make it into the monthly top 5 ups. The well-known crypto meme Dogecoin (DOGE) on the other hand, it rose hard after Elon Musk sent out a tweet as some kind of recognition for Dogecoin. Result, +620.30%!!!
Hereby the complete overview of the top 5 biggest ups and downs:
|+1490.64% Voyager Token (VGX)||-77.52% Enigma (ENG)|
|+1068.79% VITE (VITE)||-40.27% PIXEL (PXL)|
|+814.26% Alpha Finance Lab (ALPHA)||-35.05% 12Ships (TSHP)|
|+620.30% Dogecoin (DOGE)||-35.05% FNB Protocol (FNB)|
|+582.12% Fantom (FTM)||-27.58% Endor Protocol (EDR)|
Throughout the month, 13 providers with 183 price comparable crypto’s and 366 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 January:
Bitladon! The broker from Aalsmeer is expanding its services to be one step ahead of the competition. On January 18, they brought out the news (NL) that they are offering staking. With staking, it is possible to earn rewards automatically on the platform. Like interest. It is possible to earn ‘interest’ for 15 different types of crypto, including Ethereum and Litecoin. All with their own percentages. Of the top 3 providers, Bitvavo was the only one to offer a staking service, but now Bitladon can do so as well. In terms of best deal provider of the month, Bitladon holds on to the 3rd spot. In January they had 66 hits with a share of 18.03%. A small increase of 1.65%.
Bitvavo! After the good news that they had added a number of stablecoins in December, it was unfortunately quite quiet again at Bitvavo after that. Like all providers, they are incredibly busy processing all the visitor flows. Bitvavo remains ‘safe and secure’ on the 2nd place in January as well. 100 hits were monitored with a share of 27.32%. A small negative of 1.01%, where it seems that Bitvavo had to give a bit to Bitladon.
Coinmerce! ‘Steady and strong’ at number 1 with 145 hits and a share of 39.61% . Little change in numbers compared to previous months. The brothers from Amstelveen had published an educational article in the dutch paper ‘Financieel Dagblad’ at the section of ANAYLSE. In honor of that article, readers could take advantage of a limited welcome bonus where there was € 50.-worth of bitcoin waiting for them after registering. That’s neat. Especially if you leave that bitcoin for a while. At the time of writing, that bitcoin is already worth € 65.-. Keep an eye on Coinmerce, because they often have these actions that you really can’t resist. Follow them on Twitter, then you’re always up to date!
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.