When people think about cryptocurrencies, they often see it as something that has little to no value but the opposite is true .... â â â â â â â â â â â â â [Open in your browser]( [Alert] [Logo]
--------------------------------------------------------------- [Bitcoin Is Going Mainstream, Take Advantage with This Canadian Platform]( When people think about cryptocurrencies, they often see it as something that has little to no value but the opposite is true .... Bitcoin - the first and most popular cryptocurrency - is probably best understood as a digital version of gold. In other words, a digital store of value with a finite amount as there will only ever be 21 million Bitcoin in existence (no more, no less). A common misconception is that since each Bitcoin is worth approximately $70,000 CAD (at the time of writing), it is unattainable for the average investor. However, Bitcoin can be purchased in fractions (down to 8 decimal points to be precise). This means that you can buy 0.5 BTC, 0.1 BTC or 0.001 BTC and as result, invest as little as $10. A powerful advantage: Beginners and new crypto traders might find that there is a lot to process when getting started with cryptocurrencies like Bitcoin. Online cryptocurrency brokerage [Netcoins]( ) is a perfect solution for both fresh novices and those who are experienced in this space but need help with some of the "legwork." Owned by Canadian tech Company BIGG Digital Assets Inc. ([CSE: BIGG]( [OTCQX: BBKCF]( [Forum]( Netcoins is an online platform that simplifies the cryptocurrency buying and selling process for Canadians. Being owned by a publicly traded Company means its financial statements are audited and publicly available. There is more scrutiny and oversight than the average private company, giving its users more transparency into its operations (when compared to its competitors). The Netcoins team has also placed an emphasis on education. They have built a ["Crypto Academy"]( that addresses a lot of the initial questions that people have when they get started with digital currencies. Platform features: It only takes around five minutes to set up an account, get verified and start buying or selling cryptocurrencies like Bitcoin. Once verified, there are seven different cryptocurrencies available to trade on the Netcoins platform. In addition to these options, users benefit from tight spreads, price alerts, and limit orders. Funding methods include Interac e-Transfers (which are instant), bank wires, online bill payments and crypto deposits. Users can withdraw their cryptocurrency into external wallets or cash out quickly via an e-Transfer or bank wire. Netcoins does not charge any funding fees or cash withdrawal fees. While instant trades are the norm at Netcoins, users can also choose to leverage limit orders to buy and sell cryptocurrencies at set prices. For instance, buy $100 worth of Bitcoin if and when the price of Bitcoin hits $45,000 (USD) or $60,000 (CAD). Similarly enough, a sell limit order could be placed to sell a portion of a user's Bitcoin holdings - say 0.1 BTC - at the user's determined price. Limit orders only execute when the user's pre-set criteria (amount and price) is met. Netcoins also allows users to set up Price Alerts whereby users get notifications via SMS text messages and/or email when a cryptocurrency moves by a certain percentage or hits a target price they've set. This helps users stay in the loop on any price action they deem significant. In an interview with Stockhouse Editorial, Netcoins President, Mitchell Demeter who is also a BIGG Board Member, noted that his team is always looking to add new features and services to enhance the user experience and make the platform more engaging. Investors take note: Netcoins has applied for registration from the British Columbia Securities Commission (BCSC) and the Canadian Securities Administrators' (CSA) regulatory sandbox which, if approved, would allow Netcoins to operate the first regulated open-loop crypto asset trading platform in Canada. Customer acquisition has also been a top priority. Alongside more traditional online and offline marketing, Netcoins also leverages its customer base to help spread the word. Customers are incentivized to participate in a unique referral program where they send a referral link to friends and family. Once the referee trades $100, they get $10, while the referrer gets $50. This helps to automatically boost both users' holdings while helping Netcoins grow their user base. Advancing the business: Netcoins has seen a lot of growth over the last year. The Company saw a 1900% increase in revenue in Jan 2021 vs Jan 2020. They reported hitting the [$100,000]( (CAD) threshold in daily revenue during the month of February and have seen trading volumes frequently hit a new monthly record high. The Netcoins team continues to focus on strengthening the platform's infrastructure as they expect an incoming wave of growth. Next steps: The Company's primary focus has been to provide a safe and trusted option for Canadians looking to buy, sell, and learn about digital assets. While Netcoins has done incredible business within Canada, the leadership team also has eyes to expand to new jurisdictions that go beyond our borders. President Mitchell Demeter noted that they are currently evaluating the European market with a group out of London. Together they're figuring out the best jurisdiction for the corporate entity in Europe. In addition, they are also looking at expanding into a few states within the U.S. that have a great product-market fit. Investment summary: As discussed in our recent deep dive into Netcoins, big corporations and Fortune 500 companies are investing heavily into Bitcoin. From Tesla (NASDAQ: TSLA) investing $1.5 billion into Bitcoin to Oracle Corporation (NYSE: ORCL) being rumored to be making a massive purchase of Bitcoin next. This sets up Bitcoin to potentially get into a "too big to fail" territory; almost like a "Trojan Horse" scenario where central banks that have large stakes in these companies end up inadvertently buying Bitcoin. It is then no longer in the bank's best interest to try and stifle Bitcoin's growth because they could hurt these Fortune 500 companies that they're already invested in.
BIGG Digital Assets stock chart - Sept 2020 to Mar 2021 BIGG's stock price is having a very healthy run right now (climbing more than 700% in the last six months alone) with no signs of slowing down any time soon. Singular Research recently put out a [report]( stating a bullish stance on BIGG's long-term prospects, initiating coverage with a BUY rating and a US$2.50 price target. Netcoins is well positioned for ambitious growth, even doing well with crypto volatility. The online platform thrives when there is a lot of price action in the crypto market, regardless or whether it is up or down. [See Exclusive Offer HERE]( FULL DISCLOSURE: This is a paid article produced by Stockhouse Publishing. Â The advertiser featured in this Stockhouse Publishing Ltd. Alert has paid a fee in cash or stock not exceeding $5,000 to have their corporate, marketing, and promotional, information and activities featured. The information shown is solely the responsibility of the advertiser [BIGG Digital Assets Inc.], not Stockhouse Publishing Ltd, whose only function was as a supplier of media facilities. Any information provided is not to be construed as a recommendation or suggestion or offer to buy or sell securities. Your information is shared only with the advertiser featured in this Alert and will not be sold or rented to any other third party. The advertiser may contact you from time to time with updates. You opted in to receive this Alert, which are sent on a request-only basis. To advertise, please contact us at sales@stockhouse.com. --------------------------------------------------------------- [facebook]( [twitter]( [LinkedIn]( [stockhouse]( Stockhouse Publishing Ltd. | 1185 West Georgia Street, Suite 1605 | Vancouver | BC | V6E 4E6 | CA
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