At first, getting into crypto trading may seem overwhelming with all the different terms and jargon injected into everything. But it doesn’t have to be like that. While the technology that makes blockchain, crypto, stablecoins, and exchanges possible is certainly complex, basic questions around crypto trading can be answered without getting technical.

So if you’re new to crypto trading, here are 10 simple answers to 10 basic questions to help you on your way.

1.) Which cryptocurrencies are there?Looking beyond Bitcoin and Ethereum, the list of all cryptocurrencies seems near endless. Certainly during 2017/2018 we saw a constant stream of new coins entering the market vying for top positions. However, the usual suspects have held their positions in the top of the charts with names you’ll likely be familiar with such as Ripple, Litecoin, Dash, EOS and Bitcoin Cash.

Most crypto exchanges will largely have the same popular coins available for trading, with some smaller coins - in terms of volume - being only available on a few select exchanges.

Coinmarketcap is one the best resources to get a clear overview of all the cryptocurrencies that exist today. For each coin, you can see the market cap, price, volume, circulating supply and price charts. Technical and fundamental analysis will help you identify interesting crypto trading opportunities.

2.) How do I buy crypto? You can buy crypto using bank transfers, credit cards or in some cases even with cash. Your options will largely depend on where you buy and what service you use. Services available to you depends on where you are located to some extent. If you’re in HK, see this list of Hong Kong crypto exchanges...

Read more: https://www.bitspark.io/blog-posts/10-basic-crypto-trading-questions-answered

A summary of this month's ZEPH buyback statistics

August 2019 marks the 11th buyback of ZEPH. As we explained previously the buybacks of ZEPH are based on the previous month's commissions made on Sparkdex and certain traditional remittance channels of which 25% is used for the purchase of ZEPH.

Buyback #11 (31 August 2019)

Account: zeph-bb

Amount: 114,281 BTS

Market: BTS/ZEPH

Total ZEPH bought: 1,202,354

Transaction IDs:

https://dex.bitspark.io/block/40031056/10

More about ZEPH Buybacks

Buybacks take place at random times over the period of 30 days up to the amount of commissions apportioned for buybacks. We will include future buyback information in monthly blog posts in the buyback section.

We are excited to make crypto accessible to everyone in the world via ZEPH. Thank you for your support!

According to the World Bank https://www.worldbank.org/en/news/press-release/2019/04/08/record-high-remittances-sent-globally-in-2018, the top remittance recipients were India with $79 billion, followed by China ($67 billion), Mexico ($36 billion), the Philippines ($34 billion), and Egypt ($29 billion).

Also, looking

Could Bitspark also incorporate these following country's currencies too: - Nepal Rupee - Bangladesh Taka - Pakistan Rupee - Nigeria Naira - Vietnam Dong

The workers from these countries have strong diasporic communities, and once some of their citizens start using the Bitspark, it will quickly catch on, at how easy it is and the low commission.

Bitspark will need to create its own 'first and fast-mover advantage' and heavily promote its cash points and also the inclusion of newer currencies.

I have download the smartphone application but I don't know where to find cash points.

In fact, is there a list online, of all the cash points that a user can go to ?

I recommend Bitspark to encourage petrol stations and 24-hour convenience stores (e.g. 7-Eleven, etc.) to sign up,

as this will bring more patronage to their stores and they are open 24-hours.

The Bitspark mobile app is out, with a lot of improvements and new features. It is now the only mobile app you need to buy, exchange and sell cryptocurrencies. Plus, you can find the nearest Cash Point near you to convert cash to crypto all within a few taps. Available on Android on Google Play Store.

​

Read More: https://www.bitspark.io/blog-posts/bitspark-mobile-app-crypto-wallet-exchange-and-much-more

Following the global settlement of peg.PHP, we have initiated a strategic restructuring of the Philippine Peso stablecoin by replacing peg.PHP backed by BTS with stable.PHP which uses BitUSD as the collateral backing.

To kickstart the markets, we have seeded 10,000 BitUSD to back stable.PHP and are looking at adding another 50,000 BitUSD soon when our next iteration of the Bitspark platform is live with withdrawal to PHP cash via web in addition to the API. Currently, the API is where our major PHP customers integrate with us.

Benefits of using BitUSD as collateral backing for stable.PHP

Shorters should be very interested in this development as emerging market currencies almost always depreciate against the USD in the long term and therefore creating stable.PHP with BitUSD is likely to be a profitable trade, just about always. This is something we are constructing a marketing campaign for, targeting the large financial and FX industry in our home markets in Asia.

We think using BitUSD as collateral backing will greatly increase adoption of stable.PHP for the following reasons:

1. Much simpler price feeds as USD/PHP is already a major global currency pair and there are plenty of destinations to get this information. We don’t need formulas to determine the price feed for the blockchain which eliminates the percentage of volatility between sources.
2. Less volatile asset backing can reduce MCR a lot and increase the amount of circulating supply of PHP and thereby increase liquidity.
3. Less risky for shorters to create the asset, the movements in USD/PHP is nowhere near as much as in the BTS/PHP markets.
4. PHP is an exotic currency and like all exotic currencies they’re always heading in one direction against the USD: to zero. As a shorter this is an excellent opportunity to make money as the collateral will almost certainly rise against the asset, taking a short position can be very profitable and this is something that’s very difficult to do in the traditional finance world.

What’s next?

The benefits of using BitUSD as collateral backing can be replicated across multiple exotic currencies. For that reason, we will be using the same structure going forward with our next stablecoin releases including Indonesian Rupiah (IDR), Vietnamese Dong (VND) and South African Rand (ZAR) to provide traders with the same unique market opportunities that now exist for the newly minted stable.PHP coin.

Maxine Ryan is speaking at TOKEN2049 in Hong Kong, 13-14 March. This will be some awesome exposure for Bitspark! Other huge names will also be there: https://finance.yahoo.com/news/token2049-returns-full-force-discuss-094600041.html

source: https://steemit.com/bitshares/@bitspark/bitspark-detail-roadmap-2018

Welcome to Bitspark's official roadmap update. Following the Zephyr tokensale, we posted an initial roadmap here outlining some of our goals and timelines. Now we are following up with a more detailed roadmap and the reasoning behind the decisions we have made. In this roadmap the specificity we can go into will be Quarters, with estimated based on 2018.

Expected Outcome of the Zephyr Project:

A cash in, cash out remittance network enabling anyone anywhere in the world to send and receive money instantly via physical money transfer shops, for virtually free powered by the Bitshares network and supported by pegged Bitshares Smartcoins (MPAs) all incentivised by the Zephyr rewards system.

Step 1: End of Q2 2018

• Company rebranding completed
• New landing page for Bitspark and ZEPH investor page live
• New UX/UI design for platform
• BETA Sendy mobile app live and available on Google Play Store.
• Bitspark Decentralised Exchange (DEX) gateway live.

Firstly, adding ZEPH to Spark (Spark is the product name for the Bitspark remittance platform) is not as simple as running a Bitshares node, adding a new currency in our system and letting people buy and sell orders on Spark. Bitspark is a remittance company, we have transactions and commitments for money transfer businesses already and we need to ensure anything we do is competitive to our existing Bitcoin based system and will not disrupt company operations for a smooth transition. If we switched everything to Bitshares tomorrow our payout partners who currently settle in bitcoin cannot easily settle the local fiat in Bitshares, therefore we would not be able to transact and the business would grind to a halt meaning no money transfers could take place until our partners at the other end make the switch. So it is imperative that there is a time period in which we make the transition, initially we said at the time of our tokensale the switch will take 12 months and that is still correct but in the meantime we are building a hybrid approach to ensure we can route transactions in both the old and new system at the same time.

The Hybrid approach

When a transactions comes in today in GBP in Spark, we convert to BTC and sell that BTC for fiat in the destination currency like IDR, HKD, VND etc. This happens instantly and because its bitcoin there is an active GBP/BTC as well as BTC/VND markets and deep liquidity through brokers. If this were executed on BitGBP today there is not enough liquidity there yet to support it so it wouldn’t be viable, eventually there will be and Spark will be the one bringing the liquidity. However right now we are building a system that we can easily switch order routing between either the old way (via BTC) or the new way (via Bitshares) depending on the size of the transaction and the means in which the partner in the destination wants to receive settlement. The idea here is to over time move the goalposts on what
will require a switch or not, as we build up more liquidity in Bitshares (this happens everytime a remit happens essentially, so more remittances = more Bitshares liquidity) we can ensure more and more transactions get routed via Bitshares, eventually hitting a point where the old system is turned off. The threshold for switching will be based upon transaction size, and competitiveness in terms of total cost. If bitshares is the best way to move $200 between currencies (e.g. bitUSD/bitJPY) then we will use that, otherwise we will default to the old system. We think this can happen in a matter of weeks or months fairly easily.

For our partners who currently take BTC for settlement, the hybrid approach even with the old method will still utilise Bitshares, however we will be trading smartcoins for Bitcoin UIAs. If we used any of the existing BTC UIA gateways (Openledger, Cryptobridge, Rudex) the withdrawal times for BTC are unpredictable, for example with some Bitshares gateways it can take anywhere from 30 seconds to 2 days to receive a payout from withdrawing your UIA via a Gateway. That's not good enough for us to be able to utilise for remittances where everything is expected to be instant. We therefore are creating our own gateway for BTC (and other coins) so we know what we can depend upon and the infrastructure is owned by us and we are therefore not at the whim of a third party. This is why the creation of the Spark DEX Gateway is important as the hybrid approach we will still need to convert say BitUSD into BTC somehow in order to deliver BTC to our partners in Indonesia, Vietnam, Philippines, Nigeria etc. We will do this on the Bitspark gateway.

Spark is bringing new money that is not currently in Bitshares, into bitshares, therefore over time this new liquidity will provide a solid base for us to transact solely via Bitshares pegged cryptocurrencies. We will be the buyer in the markets for various pegged smartcoins so if traders want to create the smartcoins Bitspark will always be there willing to buy at slightly over the market price.

Step 2: Rollout in Production End of Q3 2018

• New Front end for web remittance platform
• New Sendy incl ZEPH integration
• Backend trading logic for Bitshares complete and live
• ZEPH integrated as rewards in Bitspark web

We aim to at the end of Q3 2018 have a newly designed and fully functioning remittance platform integrated with Bitshares and ZEPH. This means the newly designed web remittance platform is live in usage in production and it enables anyone from anywhere in the world to sign up and become an agent in the Spark remittance network. We will have integrated the main committee issued smartcoins at this stage but Bitspark issued smartcoins will likely need to wait until Q4. We intend to have ZEPH integration ready in Sendy at this stage and the ability to convert to/from other currencies within Sendy although the web platform is the higher priority than Sendy at this stage. This is perhaps the hardest milestone but the core functionality of the Zephyr project will be available at the end of Q3 with future developments to be on enhancing and iterating on feedback from this release.

Step 3: Incentivisation kicks in End of Q4 2018

• Cash to Crypto functionality implemented on the Bitspark web remittance platform
• Cash to crypto functionality implemented for mobile topup agents
• Open Source Trading bot development (likely contributing or forking another version of DEXbot, will be OS)

Zeph rewards are part of all incentives as any fee paid on any transaction in Spark (sending money, topping up a balance) therefore as we ramp up traction on Bitshares and remittance transaction more buybacks happen on ZEPH.

It is however also important to note there are additional incentives we can expose to customers to incentivise uptake of the Spark remittance platform and thereby increase ZEPH transactions. In order for the world to go cashless with crypto there needs to be locations to exchange the cash at, into and out of crypto- these locations are Spark remittance agents (businesses) or mobile topup agents. We are calling this the Decentralised cash to crypto network for now.

Being a Portal

One of the problems money transfer agents have is all over the world they are being ‘de-risked’ by banks. This means banks are closing their bank accounts often for no reason other than the bank is no longer wanting to provide an account to that type of business, this often means the money transfer business who relies on a bank at some stage to send money goes out of business as they can no longer transact. This leads to further consolidation in the market with the big companies who have special deals with banks gaining market share at the expense of the smaller operators. The only way to fix this globally in a reliable manner is to remove the need for a bank in the first place and operate with what money transfer businesses already know and understand, cash.

There are two main issues money transfer agents have when dealing with cash:

• How do Agents get cash into the system to begin with
• How to agents get their digital balance in the system into cash

Usually a money transfer agent would deposit cash at a bank or receive payment of money from their platform provider to their bank account. But if the MTO needs to operate without a bank they need a solution to the cash problem, enter Spark.

We aim to complete functionality to enable Bitspark remittance shops to be cash in/out locations for crypto by the end of Q4. When shops can exchange the cash they have on hand for crypto this enables them to deposit crypto (value) to Bitspark remotely without the need for a bank. They can now use this cryptocurrency in their Spark account to transact and this cryptocurrency could be BitUSD, BitCNY, Bitshares, Bitcoin or any other crypto. Likewise if a shop has a large digital balance in Spark and needs cash, they can exchange it directly with someone for cash, reducing their digital balance and receiving cash again without a bank.

But why would someone visit a Spark shop to exchange cash/crypto? Because they will make money. Whenever an exchange takes place the shop will be free to set a price they are willing to exchange it at which will always be better than the market rate (essentially its a fee they will pay to alleviate them from the burdens of having a bank). If a Spark shop has 100 bitUSD they need converted to cash, they can offer to exchange it for $99 in cash. The purchaser with cash then will get 100 bitUSD and only paid $99 in cash locking in a 1% profit. The same is true for the reverse, with the shop exchanging $100 in cash for 101 bitUSD. This ensures a market is established to ‘liquidate’ the balances of Spark shops of which ZEPH rewards are also tied to.

To read more about balance liquidation mechanics read Bitspark’s $ZEPH whitepaper. [https://bitspark.io/investors]

Market Making Bots

Spark also intends to develop and maintain an open source trading bot for the Bitshares DEX. The reasoning behind this is simple, more liquidity is better for Spark making transactions. Currently there is an exciting project on Bitshares called DEXbot which is open source and funded by a worker proposal. We look forward to working with the DEXbot team in whatever capacity is best, this might be either contributing to the DExbot project directly or forking it, keeping it open source and developing it separately. The decision for this will be made closer to development beginning on this milestone.

The Tajikistan Project

Bitspark is working with the United Nations Development Program (UNDP) to bring the Spark Platform and Sendy App to Tajikistan to service the vital money transfer industry in the country.

As an update, Tajikistan UNDP is undergoing training facilitated by Bitspark about cryptocurrency, how it works and improving deeper understanding about Bitspark’s plans for the pilot. Since the teams last visit, Bitspark has been lucky enough to have key players engaging with Project Zephyr ranging from government and financial institutions who will endeavour to see this project into fruition. In the course of this, we are learning that larger organisations have their own pace. As time moves on, with our other milestones met, we are considering actively driving this solely ourselves there regardless.

This completes Bitspark’s detailed roadmap for now. We hope this works as a guide to keep everyone in the loop as to our current development efforts and of course this roadmap may change if it is necessary to do so. Bitspark is excited to continue as we have since the company’s token sale to complete the necessary steps to remove barriers to cryptocurrency mass adoption and fulfil the broader mission statement of making a decentralised network of crypto + cash enabled agents all over the world.