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Vast Bank allows clients to trade in Bitcoin, Ethereum, other cryptos via mobile app

The bank’s mobile app supports seven cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Cardano (ADA), Orchid, and Algorand.

Image by: QuoteInspector.com / Flickr

Fri, 27 Aug 2021, 08:07 am UTC

Vast Bank is making it easier for retail investors to buy and sell Bitcoin (BTC), Ethereum (ETH), and other cryptos. The bank is rolling out its new crypto banking service allowing its customers to trade in digital currencies via its mobile app.

In a press release on August 25, Vast Bank announced the launch of its new Crypto Banking service. The service is now available to all U.S.-based consumers, who can access the feature via the bank’s mobile app.

Earlier this year, the bank became the first in the U.S. to offer customers the capability of buying and selling cryptos through a traditional checking account. With the new service, the bank’s clients can now make their crypto-related transactions on their mobile phones.

The bank’s mobile app supports seven digital currencies as the moment. These are Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Cardano (ADA), Orchid, and Algorand.

“We take pride in getting to know our customers, and that starts with listening,” Vast Bank CEO Brad Scrivner said. “At the heart of many of these conversations is crypto.”

The bank’s decision to offer the crypto service is fueled by demand from its customers. According to Scrivner, clients have been asking why Vast Bank why they cannot securely purchase cryptos like Bitcoin using their bank accounts.

“We took this challenge head-on, and devoted significant resources to answer this unmet need,” the CEO explained. “We're excited to bring this service online, and give all consumers the opportunity to explore the world of cryptocurrencies in a way that brings peace of mind that only a bank like Vast can provide.”

Vast Bank prides itself as being among the first financial institutions to embrace the changing financial landscape. “While other banking institutions have hesitated with cryptocurrencies, we have seized the opportunity to apply innovation and technology to remove the complexity and anxiety associated with owning crypto,” Scrivner added. “We're excited to see how customers will respond to this new service and feel strongly it will put cryptocurrencies on a streamlined path to mass adoption.”

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  • Carolyn
  • 2021.09.12 04:07:55
Technical chart trading is not trading, it is gambling at best. You need to understand more than basic economics and how markets are influenced. Charting will help to give a view of market direction, and you only need to have trendlines and some basic indicators, no more than 3 indicators. Anything else is a waste of money.
If you understand economic data and how bankers trade then you will stand a better chance.
CAPITAL MANAGEMENT - this is key and if you don’t understand how to manage your capital whilst trading then forget it. Stop and go to a casino. This requires discipline and a very good understanding of financial management. Know when to trade, what to trade and how much to risk requires certain level of knowledge. Trendlines on charts help you to understand where/when a potential trade is worth looking at. Economic data will help you to understand what is driving price action and the market, along with the Order Execution strategy you need to take. Capital Management is the overarching decision as to how much you should risk based on all the information presented.
Rules, you need rules and you need to follow them. The important thing about rules is that don’t listen to people who call themselves traders, listen to the people who have traded in a structured professional environment, like the banks! It is easy to come up with rules, but you have to come up with the right ones, and definitely listen to the professionals, as they have had to follow rules in their banks otherwise they would be fired.
The challenge I find had in the market is that there is no one platform that can bring this all together. I am now getting closer to a consolidated solution, but not there yet.

In summary to trade FX you need to know how the professionals trade. The problem is everyone is a professional in an unstructured retail trading market. You will have to pay to learn this, but you have to exercise some due diligence and ask a lot of good questions before committing to your hard earned money. Beware I have run into individuals who say they have traded for the banks, but were they a good trader, and did they actually work in the bank. Finally, like any business when it comes to making a decision with respect to money you have to have a decision process in place. Retail trading offers hope to people in making a lot of money. We are emotional beings, we set aside any rational thinking process for instant gratification.

Trading is a business and treat it that way

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  • 2021.09.11 00:43:56
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