Coins Correlations on itBit

	BTC	SOL	UNI	AAVE	PAXG	BCH	ETH	LINK	LTC
BTC		0.99	0.87	0.77	0.22	0.97	0.96	0.91	0.94	BTC
SOL	0.99		0.87	0.77	0.27	0.96	0.95	0.91	0.92	SOL
UNI	0.87	0.87		0.86	0.24	0.92	0.91	0.94	0.9	UNI
AAVE	0.77	0.77	0.86		0.21	0.82	0.88	0.87	0.76	AAVE
PAXG	0.22	0.27	0.24	0.21		0.18	0.12	0.16	0.17	PAXG
BCH	0.97	0.96	0.92	0.82	0.18		0.97	0.96	0.97	BCH
ETH	0.96	0.95	0.91	0.88	0.12	0.97		0.96	0.94	ETH
LINK	0.91	0.91	0.94	0.87	0.16	0.96	0.96		0.95	LINK
LTC	0.94	0.92	0.9	0.76	0.17	0.97	0.94	0.95		LTC
	BTC	SOL	UNI	AAVE	PAXG	BCH	ETH	LINK	LTC

ItBit is Paxo. fiat to crypto exchange - and offers EUR, USD & SGD to Bitcoin. The exchange is based in the US and in Singapore. Security is strong with two factor authentication and cold storage and the interface of the exchange is easy to use and well designed. ItBit takes a different approach to its exchange by allowing users to claim trading credits as they add liquidity to the orderbook. Trading fees also vary depending on the users historic volume - as such trading fees have a broad range of 0-0. 5%. Deposits and withdrawals come hand in hand with a standard KYC and AML set of procedures - in particular USD withdrawal has a 72 hour locktime - although this can be reduced on request. There are heavy fees for withdrawal at USD 30 and USD 5 for depositing excluding bank surcharges. Euros carry similarly prohibitive surcharges from the exchange whilst withdrawal and deposit fees for Singapore dollars are much lower and better value, either being free or a max of 2 SGD. LinkedIn | Facebook | Mediu.

Every exchange in the market has its asset selection, and the market correlation between these assets is essential in building a portfolio that maximizes the risk-adjusted return on your crypto investing strategies. The correlation tables below can help investors find the exchange with the right combination of assets based on their objectives.

Choosing the best crypto exchanges is a crucial prerequisite in successful cryptocurrency trading. If you err when finding the best exchanges, the risks of losses and delays in payments are imminent. Due diligence when choosing the right platform to use is thus vital to protect your cryptocurrency investment. The goal of any cryptocurrency investor is maximizing return and minimizing risk. One strategy for maximizing risk-adjusted returns is selecting the exchange that offers trading pairs that are not perfectly correlated to each other. Additionally, investors can reduce their exposure to individual coin risk by holding a diversified digital asset portfolio on a given exchange. Diversification will allow for the same portfolio return with reduced risk. The correlation screener will help you find relationships between any cryptocurrency on a given exchange, enabling you to manage your cryptocurrency portfolio risk more effectively.

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Coins Correlations on itBit

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