How To Buy Burency (BUY) | Best Crypto Exchange To Buy Burency (BUY) 2020
Trading and investing in cryptocurrencies solely relies on how well you perceive the digital asset based on its market industry. First of all, this guide doesn’t give any investment advice. Given the fact that the market value of Burency’s native token BUY doesn’t satisfy others’ expectations. It is worth noting, however, that outside of these sometimes spectacular runs from low market cap coins, often see little gains. More often than not they stagnate for the majority of the market cycle, maintaining their price if not moving in a bearish trajectory. But it is this low valuation that allows for major gains, for those savvy enough.
Like any other currency exchange, crypto exchanges provide a means for users to switch from one currency to another by working as an equitable intermediary. Exchanges also allow users to trade between themselves and to exchange crypto for fiat currencies such as USD. Some are configured with standard traders in mind and offer lower transaction commissions, though all exchanges charge some kind of fees for the services provided. There are currently a handful of large exchanges which dominate the landscape of trading. But while it all seems simple enough, these crypto-currency exchanges have a number of their own peculiarities.
What is Burency?
Burency is a completely licensed exchange that features a goal of advancing the adoption of cryptocurrency, blockchain innovation, and smart contracts all through the world. The Burency exchange is built for transparency and comfort. Burency plans to dispatch a full-service blockchain and crypto service to serve the individuals of the Middle East from existing exchanges lack of liquidity and security, unsustainable mining, and ignorance of Blockchain applications to businesses. Burrency is completely regulated and permits anybody to effortlessly get started with cryptocurrency trading. It is also one of the primary exchanges completely insured by one of the best insurance providers: Lloyds of London.
What’s the main problem that the project solves?
Aside from the platform’s focus to provide a impervious and regulated crypto exchange. Through the Burency development center, the exchange will find real-world use cases for blockchain technology and smart contracts. Some of the areas the exchange intends to focus on consist of the real estate sector as well as the logistics industry. With the resource of smart contracts, the exchange will make bigger trust, which will encourage greater people to sign up for the exchange. Another area that Burency is focusing on is the mining industry. Burency is conscious of the impact that mining operations have on energy consumption. It is the cause the exchange has determined to use cheap hydropower in its planned mining farms. Burency also plans to launch a data center where organizations can purchase resources to make use of the computing power that will be owned via the exchange. As data continues to play an crucial function in the digital economy, Burency expects this to be beneficial.
What are the main use cases of BUY?
The Ethereum blockchain supports the BUY tokens and serves as the primary transfer medium for Burency’s trading operations. The BUY token also allows users to gain access within the Burency ecosystem-including Burency Mining Centre. BUY has a burning model as well which means the circulating supply will decrease to provide a stable growth model for the token price.
Where can I buy Burency BUY?
There are many exchanges that claim the title of “best” exchange. While this may all seem simple enough, however, in choosing the best crypto exchange to invest in, you’ll have to pay attention to a myriad of considerations like fees, reputation, security, verification processes, and geographical restrictions an exchange platform has to offer.
To better understand most of the exchanges, as well as some of them that are working actively towards this goal, first, we need to understand some several factors that these crypto exchanges are currently working on:
- Security: Safety should always come first. A good exchange will place great emphasis on the security of their users’ accounts, personal information, and the system in general. The majority of the assets should be stored offline in a cold storage system. Also be on the lookout for additional security features such as Two-factor authentication, withdrawal confirmations, etc.
- Reputation: A well established, long-standing exchange is a much safer option.
- 24/7 Support: The support should be responsive, friendly, professional, and ideally reachable through several different channels. A call center is a big plus as it’s comforting to know you have the option to speak to someone in person.
- Payment methods: Take into consideration which payment methods are available — do they support credit card purchases, p2p fiat trades, and other methods of payment.
- Fees: Fees can vary substantially between different exchanges. The fee schedule has to be provided on the site.
- Interface: The site should be easy to navigate, even for crypto beginners.
- Geographical restrictions: Some exchanges are locally restricted and their service might not be available in your area.
- Uptime: Avoid exchanges with lots of downtimes.
- Verification: Even though some users find verification and KYC procedures a hassle, you should look at it from another perspective. They are done with the best intention to protect the exchange from money laundering and all sorts of scams.
Taking everything into consideration, KuCoin is one of the many cryptocurrency exchanges who explored the concept of what the future of cryptocurrency trading looks like. It is also a reputable exchange that adds high-quality projects, hence, where you can buy Burency BUY.
KuCoin has a highly trained research department that looks for top-quality projects throughout the crypto industry. The exchange has over 6 million registered users across 207 countries and regions around the world with 450+ trading pairs to date. KuCoin provides a highly secure and easy-to-use platform for users to engage in cryptocurrency trades and transactions efficiently and safely.
KuCoin also launched a series of other products in the past year designed to further help out crypto users, including futures markets, public chain, one-stop exchange solution, creating a platform for how your crypto can yield interest, as well as some upgrades to the main exchange to uphold its principle of security and transparency. KuCoin since its inception has insisted on taking the tech as its backbone to build a better trader relationship while constantly pushing for the sustainable development of the digital currency trading ecosystem as the ultimate goal.
The Best Crypto Exchange To Buy Burency BUY 2020
There are several exchanges, in fact, catering to different requirements and varying in terms of safety and security, convenience, accessibility, and so on. But unlike most of them, KuCoin is unique in its approach. From their timely upgrades, reports, and recently introduced products & features like KuChain, Margin, KuCoin Futures, Soft Staking, and Pool-X is what I think helping them build a better ecosystem for us, traders. Significantly, the structure of Kucoin is utterly fascinating, which shows they are more interested in long term growth. I’d say with their competitive services and reputable brand, KuCoin is already one of the leading cryptocurrency exchanges today.