Coinbase New Listing: Algorand (ALGO)
By Luke Flowers – Crptocurrency Broker
As of today, Algorand (ALGO) coin can be found listed on Coinbase and its Android and iOS mobile Apps. Users of the Coinbase platforms now have the option to sell, buy, send, convert, store, or receive ALGO. ALGO is available for trading in all the regions supported by Coinbase.
What is Algorand (ALGO):
Algorand was founded by the famous Turing award winner and cryptographer, Mr. Silvio Micali. The newly developed Algorand prototocol claims to address and solve some of the technical barriers facing the current infrastructure of the blockchain. These, in particular, include improving scalability, security, and decentralization.
With its launch in June 2019, Algorand started providing a framework for existing businesses and new projects to function on a global scale in the emergence of a decentralized economy. The network operates a proof-of-stake and permissionless protocol, enabling open participation and the ability to finalise payments, key attributes for building of scalable blockchain.
In August 2019, ALGO began trading on Coinbase Pro, in correlation with their announcmenet to support the trading of GBP and EUR with ALGO on 21st July. Coinbase Custody also supports ALGO for its staking and storage.
Coinbase receives a lot of requests from its vast clientele, one of them being able to sell and buy altcoins from a larger selection of cryptocurrencies on the platform. They also declared a modified process for the listing of new assets, shaped in part to increase the addition of more cryptocurrencies. Currently, Coinbase are also working on developing new tools for helping people explore and understand the cryptocurrency space, including new learning materials on their website, as well as online forums to share and answer questions.
Coinbase is not the only online platform for learning more about how to buy Bitcoin. Please visit our platform at BC Bitcoin to Buy and Sell cryptocurrency. Get in touch with your Bitcoin broker today.
Dear valued BC Bitcoin UK Clients,
I hope this email finds you well. We are reaching out to inform you of some significant changes to our services that directly impact our operations within the United Kingdom. Regrettably, due to the recent regulatory developments introduced by the Financial Conduct Authority (FCA) and the implementation of the new Financial Promotions Regime, BC Bitcoin is no longer able to offer our services to clients based in the UK. This very difficult decision is in compliance with the regulatory framework and ensures that we uphold the highest standards of transparency and legality. You can view the FCA publication here: https://www.fca.org.uk/publication/finalised-guidance/fg23-3.pdf As a result, we would like to inform you of the following changes and provide guidance on how to manage your assets with BC Bitcoin:
1. **Service Termination for UK Clients:**
BC Bitcoin will no longer be able to accept new purchase orders from clients residing in the United Kingdom.2. **Continued Operation Outside the UK:**
Despite the changes within the UK, BC Bitcoin will continue to operate outside of the UK as normal. Our services will remain unaffected for clients in other regions.3. **Withdrawal of Assets:**
For our UK clients holding assets with BC Bitcoin, we want to assure you that your assets are secure. You have the option to safely withdraw your assets or exchange them to GBP or EUR and subsequently withdraw. We have streamlined the withdrawal process to ensure convenience for our clients.4. **Conversion of Assets:**
To convert your Holdings to fiat please log in to your BC Bitcoin account and submit a sell order for the amount of coin you hold with us. During the process you will shown how much you will receive and asked the bank details you wish to receive payment to. In addition, you can request the conversion by emailing info@bcbitcoin.com from your registered email address. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process.5. **Withdrawal Procedure:**
To initiate a withdrawal, please email your request to info@bcbitcoin.com from your registered email address. You may be asked some security questions to verify your identity. If you encounter any issues or require assistance, our customer support team is ready to help you throughout the process. These changes are effective immediately, and we appreciate your understanding and cooperation during this transitional period. We understand that this may be an inconvenience for our UK clients, and we sincerely apologise for any disruption this may cause. Thank you for being a valued part of the BC Bitcoin community. We are committed to providing you with a seamless experience as we navigate through these regulatory changes. If you have any questions or concerns, please do not hesitate to reach out to our customer support team at info@bcbitcoin.com Kind Regards