This would greatly improve the health of the entire ecosystem as people are able to easily swap their tokens and
coins for other coins.
Something many people do is use Coinbase to purchase Bitcoin, and then move it to Bittrex to
trade for other coins that Coinbase doesn't have.
A rush of
buyers for other coin offerings this year also clogged the network of digital currency ethereum, causing volatility for the currency, which itself has run up exponentially this year.
Users will be able to keep custody of their funds and atomically
swap for other coins instead of keeping coins on the exchange.
For cryptocurrencies, the withdrawal fees are 0.0005 % of the withdrawn amount for bitcoin and 0.01 %
for other coins.
It is likely that in time Bitcoin and Litecoin could become the gold and silver standards, not just for purchases but
for all other coins and tokens.
Rather, tax liability arises whenever cryptocurrencies are traded
for other coins, cashed out into fiat currency, or used to purchase goods and services.
For other coins, it usually takes years to reach a market cap of billion dollars but this cryptocurrency has managed to achieve that feat within months (Circa 3 Billion USD on 29th March 2018).
Once investors buy the coin, they can either trade
it for other coins or cash of their choice, or they can hold on to it for investment purposes.
While Stripe will no longer accept bitcoin payments, Stripe remains «very optimistic about cryptocurrencies overall,» Karlo wrote, saying he believes support
for other coins may be implemented at a future date.