NFT hype and ‘flippening’ Best Deal provider March?

Hi CoinCompanion, we’re glad you’re back. It’s pretty clear by now that the crypto market is in its biggest bull run since bitcoinBitcoin BTC orange symbol CoinCompare launched in 2009. Investment companies continue to buy in and it’s not just bitcoin they are interested in. With all the attention, positive news and widespread adoption including PayPal offering its customers the ability to pay in BTC, LTC and ETH, bitcoin has once again set an all time high. An ATH of a whopping €51,627.- for one digital coin with the capital B.
You could rather say that a true ‘ATH run’ has been created as a result of this bull run.

What is a NFT?

In addition to the financial functions of crypto, a new ‘hype’ has emerged from the possibilities of blockchain, namely NFT’s! NFT stands for non-fungible token or non-substitutable token and is a data unit on a blockchain where each NFT can represent a unique digital object and is therefore not interchangeable. It can represent anything, really anything as long as it is digital. For example, a NFT in the form of art was recently sold for $69.4 million! The first tweet in the form of NFT has been sold and several artists, performers and sports athletes have started using blockchain to sell their NFTs. A great development for the blockchain fans among us.

Moon-man-diving-in-pool-of-bitcoin
Source: Giphy.com

Further in our Buzz of March, 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 with an interesting development!

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DNB registration crypto providers update

As of March 3, 2021, Knaken is now also registered with the DNB. According to Knaken, they will remain the same platform as you are used to, but in order to comply with legislation and DNB requirements, a few things are going to change. The registration of BUX Crypto and Bitdenex are still ongoing. These providers may continue their operations as long as they continue to work towards a completed registration. How long the providers have is not clear.

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:

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
SATOS 17-12-2020
Knaken 03-03-2021
Source: dnb.nl

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.

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 CoinCompanion, a glimpse into our kitchen, so that you know what is going on. Given the amount of work involved, we will continue to focus on the following for now:

  • .cc to .eu domain movement Google. There are still a couple .cc links on Google.
  • Expansion of content provider pages.
  • Rating providers.
  • New design for the rating.
  • Mobile display more organized and efficient.
  • Additional warnings for financial risk.
  • Add new provider.

Throwback

A couple notable developments and happenings:

Crypto.com partners with Aston Martin Cognizant Formula One Team

Leak at crypto platform LiteBit: personal data may be on the street

Beeple sold an NFT for $69 million

Elon Musk declares you can now buy a Tesla with bitcoin in the US

PayPal Pushes Crypto Further Mainstream With Planned Checkout Service for 29M Merchants

Goldman Sachs to Offer Bitcoin to Wealth Management Clients

Crypto listings and top 5 ups and downs

In early March, it came to our attention that the buy and sell prices of some ±150 crypto’s from Knaken were wrongly displayed, while Knaken no longer offers those crypto’s. It gave a wrong impression and could be misleading. That’s not what we stand for, so we immediately took action to make it consistent by removing the non-tradable crypto’s from CoinCompare. Removing those crypto’s results in fewer crypto prices to compare on our platform and fewer crypto presented on CoinWall. Due to the fact that it is an incorrect representation and the delistings took place further in the past, they are not included in the overview below. Below further all crypto’s added and deleted in March at our largest providers:

Listed

Delisted

Bitladon: Flow (FLOW), Keep Network (KEEP), MANTRA DAO (OM), SingularityNET (AGI), Terra (LUNA), Theta Fuel (TFUEL)
Bitladon: Beam (BEAM), Electroneum (ETN), Everex (EVX), Factom (FCT), Feathercoin (FTC), Function X (FX), GameCredits (GAME), HyperCash (HC), MonaCoin (MONA), Myriad (XMY), Nxt (NXT), Orbs (ORBS), OST (OST), Phoenix Global (PHB), QLC Chain (QLC), Quantstamp (QSP), Solve (SOLVE), Viberate (VIB), WAX (WAXP)
Coinmerce: 1INCH Token (1INCH), Avalanche (AVAX), Dia (DIA), Near (NEAR) Coinmerce: Aeternity (AE), CyberMiles (CMT)
Bitvavo: Bitvavo: Aeternity (AE) is still displayed, but is not tradable.
LiteBit: Band Protocol (BAND), Compound (COMP), Swipe Token (SXP), The Graph (GRT), Uniswap (UNI) LiteBit: Crypto.com Coin (CRO)
Coinbase: Ankr (ANKR), Cardano (ADA), Curve DAO Token (CRV), Polygon (MATIC), SKALE Network (SKL), Storj (STORJ), Sushi (SUSHI) Coinbase:
Knaken: Aave (AAVE), Energy Web Token (EWT), Flow (FLOW), Keep Network (KEEP), The Graph (GRT), Uniswap (UNI) Knaken:
BLOX: 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 212 (-13)
Coinmerce 150 (+2)
Bitvavo 88 (-1)
LiteBit 56 (+4) Wallet maintenance ongoing. Among them are Monero, NEM and Zcash. Full article here.
Coinbase 49 (+7)
Knaken 33 (+6) 148 crypto removed due to incorrect display on CoinCompare.
BLOX 30 ()
———————————
CoinCompare 170 (-18)
CoinWall 252 (-78)

We started March with 188 crypto’s where we compare the prices of. Correcting Knaken and incl. remaining changes have reduced the number of crypto’s to be compared on our unique one page price comparison overview by 18 crypto to a total of 170 different crypto. On CoinWall, where all crypto offered by our providers are displayed, we now support 252 crypto to choose from.

In addition to bitcoin’s new all time high, there are also many altcoins that continue to break through the sound barrier and record new ATH’s Grey rocket with red wings flying. From the five ups below, Verasity (VRA), Chiliz (CHZ) and Chromia (CHR) also established an ATH in March. The Dogecoin (DOGE) hype was less present in March than in previous months. Despite the lack of ‘shilling’, the crypto still noted a plus of 7.7%. Still more than the interest you get for your fiat at the bank.

Hereby the complete overview of the top 5 biggest ups and downs:

Ups

FOMO?

Downs

Buy the dip?

+1657.33% Verasity (VRA) Coinmerce -41.15% NEM (XEM) Bitvavo
+830.56% Chiliz (CHZ) Bitvavo -40.40% BitCanna (BCNA) Coinmerce
+656.38% Dent (DENT) Coinmerce -28.67% Voyager Token (VGX) Coinmerce
+648.51% Chromia (CHR) Bitladon -27.22% Gulden (NLG) Anycoin Direct
+602.89% StormX (STMX) Bitvavo -24.92% SIRIN LABS Token (SRN) LiteBit

Best Deal provider of the month

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 March:

Bitladon! When you offer so many different crypto’s, such as Bitladon, it is occasionally necessary to remove crypto’s that are running little to no volume. That’s exactly what they did in March. No less than 19 crypto’s have been dismissed in order to refresh the variety with crypto with more potential. Thus, six new ones were added. At Flow (FLOW) and Keep Network (KEEP) the prices can be compared with competitors on our platform. With MANTRA DAO (OM), SingularityNET (AGI), Terra (LUNA) and Theta Fuel (TFUEL), this is not the case. These crypto’s with their buy and sell prices can be found on our CoinWall.
In addition to the listings, Bitladon has partnered with radio station SLAM! into a winning contest. During this contest, SLAM! together with Bitladon shall give away one Bitcoin to the winning participant. The contest runs from Monday, April 5 to Thursday, April 29 and is played every day of the week on SLAM! On April 29 the contest ends and the winner shall be announced. SLAM! is the first Dutch radio station ever to give away bitcoin. Besides the updated variety and the contest, Bitladon has 45 registered hits in March with a share of 12.09%. In February, Bitladon registered 84 hits with a share of 22.34%. A loss of 39 hits and 10.25% share, but still with that remaining the number three!

Read our extensive review about Bitladon here, to find out all the ins and outs of the broker from Aalsmeer.

Coinmerce! After almost two years, Coinmerce has had to relinquish the gold as Best Deal provider on our price comparison platform! The crypto provider from Amstelveen was the #1 provider since the start of CoinCompare and has never really to defend the first spot. However, that changed last month when a competitor from Amsterdam expanded its portfolio significantly. As a result, Coinmerce lost a lot of registered hits in March. In February they still had 159 hits with a share of 42.28%, but that has changed significantly in March. In March, 117 hits were registered with a share of 31.45%. That’s 42 less than in February and has resulted in a loss of 10.83%, forcing them to relinquish the gold plaque. Where they dropped one spot based on prices, they rose one spot due to the number of crypto they offer. With the correction of Knaken’s portfolio, Coinmerce is now the second largest provider in the Netherlands in terms of variety of crypto.

Read our extensive review about Coinmerce here, to find out all the ins and outs of the broker from Amstelveen.

Bitvavo! It had been in the air for a while due to the recent listings at the crypto exchange, but the ‘flippening‘ has really taken place. Bitvavo had expanded its portfolio by 28 crypto’s in February. Because those crypto’s were added mid-February, it resulted that the snapshots of these crypto’s were taken 50% without Bitvavo and 50% with Bitvavo. However, over March Bitvavo is now 100% included and as a result Bitvavo bumps Coinmerce from the first position and has been awarded as the #1 Best Deal provider on CoinCompare for March! From 97 hits to 163 hits and a share of 43.81%. An increase of 18.02%! Congratulations Bitvavo on your first Best Deal provider of the Month award .

Read our extensive review about Bitvavo here, to find out all the ins and outs of the exchange from Amsterdam.

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 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.

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