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How Exactly Does Van Leasing Work?

Sam Allcock
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How Exactly Does Van Leasing Work?

Van Leasing is also comparable to paying for the usage of a car, truck or any vehicle allowed to be used for a certain period of time. A lot of people have mistakenly associated van leasing to van rentals. However, the former has one major difference. When you say van rental, you’re going to use the van for a very short period of time, this can only be days or weeks, on the other hand when you talk about van leasing this requires at least a year of usage.

When considering a van lease, first thing that you need to mull over is the price. Make every effort to get a good deal and try to negotiate as much as possible. Moreover, if you are a smart lessee, you should familiarize yourself with the advantages and disadvantages of the van being leased.

Once you are able to talk to your van dealer and agreed on the financial aspect, the dealer will then sell your chosen van to the leasing company at a price that has been agreed on. Then the leasing company will let you have the van at the settled price. This will be the time for you to give out the total amount of the leases that is being spread over a period of every month. Just remember, that before making any deal, written agreement should be carefully read, understood and checked.

Also, take into account that the dealer is only an agent working as a medium between you and the van leasing company. Dealers are people who would do the scouting for you so as to avoid any hassles on your part. The dealer serves as the middleman who would speak on your behalf and would let the leasing company know of any concerns specifically when it comes to the mode of payment. In this line of work, the dealer is given a portion of the price of the leased van known as the “commission” in each of the purchaser he endorses.

However, once a written agreement has been inked, keep in mind that the settlement is now between you and the leasing company excluding the dealer. The dealer’s work ends there. Any concerns regarding your van should go directly to the leasing company, nothing more nothing less. The dealer is totally out once the agreement has been settled.

There are a number of renowned and reputable motor and van companies like Ford and General Motors that have van leasing businesses acting as subsidiaries. You can also transact to dealers directly coming from these companies and dealers hired by banks and other leasing and loaning institutions. Furthermore, along with the monthly obligations that you usually pay when you lease a van, you still have to shoulder and pay for equivalent fees, taxes, licensing fees and other pertinent documents needed to be completed the same way as owning your own vehicle.

The leasing contract comprise of different agreement along with the deal of the van’s usage for a specified number of year or months. A pledge is also being done to ensure that the van will still be in the same running condition and continue until the end of the duration period. On the end of the leasing period, you are compelled to return the car to the leasing company. Small dents are acceptable however; serious damages on the van will call for damage fees and additional fees when you opt to use the van longer than the specified time. The leasing company also gave lessee the opportunity to buy the vehicle or can be used to trade for a brand new one.

The other thing to keep in mind when using leasing companies is that they already have great relationships with certain dealerships and can often get the vehicle at a reduced rate in the first place, so it is often better to talk with the leasing company about what they are able to offer before even going to see a dealership.

What You Need To Know About Parcel Delivery

Sam Allcock
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What You Need To Know About Parcel Delivery

When sending something by mail, you want to ensure that it will arrive on time, in good condition, and ideally at a reasonable price. You should therefore ensure you do everything possible to ensure the above criteria are met whenever you are considering parcel delivery. If you put all your efforts into it, then you have at least made an attempt. It’s impossible to control everything that happens outside of your control.

Professional Couriers Are The Best Choice

Large item courier service offers a number of advantages over other methods of sending items. You can arrange for your item to be picked up at a convenient time because most of them offer collection services. As well, if your package needs to be delivered urgently, you can use one of their express services to ensure it arrives next day.

Provide Proper Packing for Your Items

In the event that you are sending anything that is liable to break, it is extremely important that you pack it in the proper manner. You are more likely to have it arrive at its destination in pieces if you just pack it in a box and send it. Provide your goods with protection by wrapping them in bubble wrap, packing peanuts or tissue paper. In addition, it is a good idea to pack your items in a strong, sturdy box. Using this method will protect your package from minor bumps or drops.

Reservations In Bulk

It is wise to look for bulk delivery options if you send a large number of parcels every week. If you are a regular customer who sends a lot of packages using a company’s services, many companies now offer discounts on their prices. Saving a considerable amount of money in the long run is definitely worth looking into, since you could end up saving quite a bit.

The best option for shipping a parcel is to check out the best options whenever it is needed. It is important to take some time and effort to pack and arrange the parcel so it will arrive on time and in the same condition.

The Importance of Choosing a Company That Can Handle Large Packages

You can never go wrong with a little personality as well. Finding a company that understands your sending needs and why you are doing it is likely to be easier if you work with a large parcel delivery company. Thank you for sharing that information. You will feel much more relaxed about the delivery person’s ability to handle your parcel if you feel that they understand its importance. It’s a sign of a courier company’s confidence in its own business if it promotes a relaxed attitude among customers – and that, of course, is an indication that it’s good at what it does.

Make sure the company you choose provides a free quotation, with no obligation to use their service once you have received it; and avoid companies that are aggressive in their approach. This is your decision and you have every right to shop around for quotes. Walking away if a company intimidates or pushes you into using it is the best course of action. There is less likelihood that claims made by a company will be untrue if they are simpler. In addition, you don’t want to deal with companies who have complicated processes to navigate. Find a company that can transport your large parcel from anywhere to anywhere, with no size and weight restrictions

RSI Indicator: Basic Strategies

Sam Allcock
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RSI Indicator: Basic Strategies

Do you check RSI indicators when opening or closing deals? As of today, they are considered to be one of the key criteria for choosing securities for investing. Haven’t heard about this term yet? Then, be sure to study up and learn what it is and how to use it.

So, what is RSI? This abbreviation is used for a relative strength index. This indicator reflects whether a security (or another asset) is oversold or overbought at the current moment or in the recent period.

One can find out the RSI indicator of an asset chosen from a specific graph, which has a form of a broken line. Its readings range from 0 to 100.

How to interpret it? There are two possible situations:

·   If it is lower than 30, that means the asset selected is oversold, hence, you need to close short positions and open long positions.

·   And if the indicator is higher than 70, the asset is overbought. Thus, you should close long positions and open short ones.

Now, let us tell you about the key RSI-based strategies:

1. Wilder’s strategy. According to it, one must buy an asset when the corresponding indicator rises higher than 30 and sell when it drops lower than 70. Thus, one must close a position, when there is a signal to open a deal in the opposite direction. As a result, one always has at least one position opened. But, there is a certain risk of technical flipping. To fix that, one can apply stop-loss and take-profit orders.

2. Connor’s approach. It involves trading the major trend, but after adjusting entry conditions. Namely, one should buy an asset when RSI is in the oversold area and the price exceeds SMA (200). But a trader must also set the period at 2 (by default, it is 14) and signal levels at 10 and 90. For opening a sell order, one must catch a reverse situation. Experts advise applying this scheme for opening buy deals when the market is clearly growing or there is an obvious trend.

3. Watching divergences. Divergence is a situation when the real price differs from the data shown by the indicator. For example, if the price of the asset skyrockets up to the highest possible limits, but it is not reflected by the corresponding RSI indicator, that means the current market trend is rather weak and there is a risk of a reversal.

In sum, RSI indicators are a valuable source of additional information about the strength and perspectives of current price trends, which can prompt you when to buy and sell assets at a profit.

A Short Overview of KuCoin Fees

Sam Allcock
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A Short Overview of KuCoin Fees

The KuCoin crypto exchange is known for its low trading commissions in the first place. In this guide, we will tell you about its fees in detail, as well as mention other crucial features. Also, we will find out whether its fees are lower or higher than on other services.

First, let us say a few words about this platform in general. It is most famous as a crypto exchange, but it also allows trading futures, margins, and spots. As of now, it offers 20 coins, but this range is regularly extended. As for other pros, we must name high trading volumes, leverage of up to 1:100, a $1 minimum deposit limit, a $0 minimum order, mobile trading, and demo accounts for beginners.

Here are the major commissions you must know about:

·   trading fees ― 0.1%;

·   fiat deposits ― from 3 to 12%;

·   Bitcoin withdrawals ― 0.0005 BTC;

·   Ethereum withdrawals ― 0.004 ETH;

·   Tether withdrawals ― from 1 to 10 USDT;

·   Cardano withdrawals ― 1 ADA.

As you can see, KuCoin fees for spot trading fee are extremely low ― only 0.1%. In practice, it is the most affordable on the market, which is a decisive advantage.

Yet, if you are interested in diversifying your portfolio, you must know that a commission for margin trading is around 0.1%, investments in futures ― from 0% to 0.03%.

Again, deposits are accepted for free. And withdrawal rates charged by this broker are among the most attractive compared to competitors. For example, if you decide to withdraw your Bitcoin, that will cost you only 0.0005 BTC. Most other online exchanges have much higher rates. At the same time, if you need to withdraw NEO or GAS, that will cost you $0. Besides, there is no charge for crypto conversion.

Another crucial detail ― this online broker offers users to participate in a VIP program, which allows them to save up to 20% on trading costs.

Yet, that is not the only method to reduce expenses. There is another ― much easier ― solution. You can get 80% rebates if you choose to register on this broker platform via an affiliate link from Traders Union. Just so simple and free of charge.

In sum, one can safely say that this broker is among the leaders of the market in terms of low trading costs. Its policies are much more comfortable than on Coinbase and other services.

5 Ways to Help You Save Money in Your Daily Life

Sam Allcock
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5 Ways to Help You Save Money in Your Daily Life

It is a proven fact that making money habits always take a considerably long time. However, it is always good to start small with things you can do every day. This is especially true if you want to make any new lifestyle change. Admitted, it is inevitable to spend on the basic needs like food, gas and rent, but there are certain ways to lower your overall spending. If you succeed in this regard, you will be able to put more money towards retirement, a house, personal investments, emergency funds, etc. This article will guide you about certain activities you can add to your day to help you save more money toward your long-term financial targets. Here are the ways to do so. Let’s read on.

  1. Track your daily expenses sensibly

You must keep track of the money you spend every day. To do so efficiently, you may use any type of budget or budgeting app in order to monitor your daily spending. Doing so will help you better point out the areas you can easily cut back on. On the contrary, not knowing properly how much money is going out and in may cause you financial anxiety. Through tracking your daily spending, you will be better able to get a true picture of your money. In this way, you will enhance the chances for making smarter money decisions on the go.

  • Switch from in-person to online

In-person working in any field costs you more as compared to the one online. For instance, if you are taking in-person classes to learn some musical instrument such as the piano, you must be spending a reasonable amount for this. You may switch to online classes or use online learning apps as they are also as good and a little cheaper, too. Piano lessons online will prove both economical and time saving. The same you may apply to other areas of your everyday life as well.

  • Try your best to eat at home

Eating home-made dishes at home helps you save both your money and good hygiene. Though it is difficult to develop this habit at first, you will get used to it gradually. You will be eating healthier while on a budget as well. Likewise, try your best to manage to buy different grocery items once in a week and that, too, in bulk in order to save more money at the grocery store. You may use grocery coupons and other saving options in this context. Remember, all this never means that you must not dine out with your family or friends at some restaurant. You may opt to visit some good restaurant once in a week especially on the week-ends.

  • Wait 30 days before you buy

Impulse spending is another worst factor that spoils your whole scheme of budget. If you are an impulse buyer, try your best to refrain from it. Worse still, you often impulsively buy what you want not what you actually need. Hence, it will be very wise if you develop a habit not to buy before it is 30 days since your last buy. This 30-day rule will help you better identify your needs from your wants and reduce your impulsive spending a lot. Moreover, you must always be trying your hardest to curb excessive spending on things you actually never need.

  • Unplug energy-draining  electrical devices to cut short energy bills

 There is always a worst drain of money if you keep the electrical appliances plugged in when they are not in use. It is really a financially and environmentally sustainable habit to always unplug your energy-draining devices the soonest you have used them. Phone chargers, computer cords, coffee pots, etc. use up a lot of energy and prove them vampire energy drainers. You may reduce your energy bill by keeping them unplugged if they are not in use anymore. All this may reduce your energy bill by up to 20 percent. Using smart power cords and other energy-saving features of your electrical devices such as the sleep mode, etc. can help a lot to minimize the energy bill to an affordable level.                   

How Utility Warehouse is offering competitive tariffs despite the energy crisis

Sam Allcock
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How Utility Warehouse is offering competitive tariffs despite the energy crisis

While energy providers’ prices soar, Utility Warehouse’s tariffs are comparatively low.

People across the UK have seen their bills go up because of the spike in gas and electricty prices, which came into force on October 1, 2021. The price rises follow the increasing demand for energy, which has triggered a huge jump in wholesale energy costs. As a result, the government regulator Ofgem has raised its price cap for the second time this year. Despite the energy crisis, the UK’s only genuine multiservice provider Utility Warehouse (UW) is able to offer some of the most competitive energy prices on the market.

How can Utility Warehouse offer such good value energy tariffs?

UW, the ninth biggest independent energy supplier in the UK, can offer some of the lowest energy prices because of a deal between E.ON and its parent company Telecom Plus. In the past, this long-term agreement has meant that some energy suppliers have been able to undercut UW by taking a shorter-term approach. These suppliers have primarily focused on gaining market share. However, the rising wholesale prices have made it difficult for many of these suppliers to maintain their competitive energy pricing. This has left UW amongst the few energy providers that can take on new customers at the most competitive prices.

It’s no surprise that UW’s shares rose by over 10% when the multiservice provider reassured customers it was better insulated against the price hikes than most suppliers this autumn.

“We’ve been in business for 20 years,” says UW’s CEO Andrew Lindsay, who was a mergers and acquisitions banker for Goldman Sachs before he became the chief executive of Telecom Plus in 2010. “We’ve been patiently waiting for our opportunity.”

Lindsay explains that although the price climb has exposed the energy sector’s “systematic flaws”, he considers government intervention beyond temporary stop-gap measures unnecessary.

“Energy markets are cyclical,” he says. “We learned back in 2005 that you get wholesale price spikes. But everyone’s conveniently forgotten about that. The government is treading the right line here by not letting the incumbents muscle in and stifle competition, but equally not bailing out insolvent suppliers and prolonging the overdue and much-needed reset of unsustainable pricing practices.”

UW energy prices come in lower than many of its rival suppliers not only because of the agreement with E.ON, but also because the multiservice provider teams its energy service with great value broadband, mobile, and insurance services. UW has offered great value home services for 25 years, helping customers bundle their utilities into monthly packages. Plus, the bundles come with customer bonuses like 100% renewable electricity for Double Gold customers, a cashback card for those who take all services, and free smart meter upgrades for all energy customers.

About Utility Warehouse

UW helps people up and down the country save time and money on their utility bills with its award-winning home services. The more services customers take, the more money they save. Plus, keeping all their bills in one place means that if customers have any queries, they only ever need to contact one, UK-based customer service team.

The UW Foundation

Money and time savings aside, UW has also set up several initiatives to give back to society and support local communities. For starters, the company’s charity, the UW Foundation, works with Charities Trust to support environmental non-profits. The UW Foundation is currently working with Ocean Generation to tackle plastic pollution and spread the word about the dangers that plastic can cause in oceans, seas, and rivers. The UW Foundation matches every pound its Authorised Partners (independent distributors) and colleagues raise for Ocean Generation, doubling the company’s contribution.

The UW Foundation also supports underprivileged communities near the company’s offices in London, Bolton, and Bournemouth. ‘Get Your Hands Dirty’ campaign

Meanwhile, UW’s ‘Get Your Hands Dirty’ campaign has seen the FTSE 250 company give back to society through a range of additional initiatives. Aside from donating some of its annual profit to environmental and social causes, UW has:

·       Tidied local streets, rivers, and beaches during the coronavirus crisis. You might have seen some of UW’s Partners at litter-picking events.

·       Raised thousands of pounds for NHS Charities Together and Domestic Violence UK throughout the pandemic.

·       Supported local community events for St Luke’s Hospice in Harrow, the Young Barnet Foundation, and Ashton Lodge.

‘Get Your Hands Dirty’ is a call to arms that asks people to join UW in making a real, tangible difference to society. UW and its Partners are keen not only to help customers save time and money on their utility bills, but also to improve environmental health and keep communities safe.

Utility Warehouse’s Awards

UW has won many awards for its home services and customer care over the years. In 2021, the company claimed two titles at the Uswitch Energy Awards: Best Incentives/Rewards and Best Meter Reading Services – and came fourth in the Best Supplier category. This is the fourth year in a row that UW has scooped Uswitch awards. (UW won the Best Energy Saving Support Award in 2020 and 2019 and the Best Customer Service Award in 2019.)

In 2020, UW’s parent company Telecom Plus won CFI.co’s Best Environmental, Social, and Corporate Governance Multi-Utility Provider Award. Meanwhile, Which? has recommended UW several times since 2011.

UW’s other accolades include 21 Moneywise awards, a five-star rating from Defaqto every year since 2017, and two new Moneyfacts five-star ratings for its home insurance in 2021.

Learn more about UW.

What is the Party Wall etc. Act 1996 and When does It Apply?

Sam Allcock
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What is the Party Wall etc. Act 1996 and When does It Apply?

The Party Wall etc. Act 1996 came into force on the 1st of July 1997 and applies throughout England and Wales to resolve disputes in relation to party walls, party structures, boundary walls and excavations near neighbouring buildings.

The Party Wall Act legally obligates a building owner to notify their neighbour’s, in advance of commencing certain construction works. (Neighbours are known within the Act as the adjoining owners)

When applicable, the Party Wall etc. Act 1996 provides statutory procedures for appointing Party Wall Surveyors. The surveyors then resolve matters by way of a ‘party wall award’. An award lists the format, the owner undertaking the work is required to follow. The Act is of a facilitative nature, it does not allow an adjoining owner to prevent a building owner exercising their rights to conduct work under the Act, unless the party wall procedures are not followed. The Act ensures works are performed in a manner that protects both the adjoining owners’ interests and the building owner undertaking the works interest.

What is a Party Wall?

Party Walls stand astride the boundary of land belonging to two or more owners. A wall is also considered a “party wall” if it stands wholly on one owner’s land but is used by two or more owners to separate their building. Party Fence Walls are not part of the building, they stand astride the boundary line between lands of different owners and are used to separate land.

The Party Wall etc. Act 1996 Covers Three Different Types of Work:

  1. Works directly to a Party Wall, Party Structure or Party Fence Wall.
  2. Excavations within 3m – 6m at depth lower than the adjoining owner’s foundations.
  3. New walls built up to, or astride, the line of junction.

Here at Icon surveyors, we have seen it all over the years. However, in our experience the list below tends to be the most typical works undertaken, that invokes the Party Wall Act:

  • Repair of a damaged party wall.
  • Insertion of a damp-proof course.
  • Underpin a party wall.
  • Cutting into a party wall, for the insertion of steel beams.
  • Raise the height of a party wall.
  • Removing chimney breasts from a party wall.
  • Extend a party wall downward, to form a basement.
  • Demolishing and rebuilding a party wall or party fence wall. (Usually as a result of the wall being insufficient)
  • Weathering the junction of adjoining walls or buildings, i.e. cutting a flashing into an adjoining building.
  • Cut off projections of an Adjoining Owner’s boundary to remove or build a new wall.
  • Building, up to or astride the boundary line between properties: If the building owner is planning to build a party wall or party fence wall astride the boundary line, you must inform the adjoining owner by serving a party wall notice. You will only be afforded the legal right to build astride a boundary, with your neighbour’s written consent. The building owner must also inform the adjoining owner if they plan to build a new wall, wholly on their own land but up to the boundary line.
  • Excavations within 3 or 6 metres of neighbouring buildings or structures: A notice is required under section 6 of the Act, if any part of the proposed excavation is within six metres of any part of an adjoining owner’s building/structure, if this meets a line that is drawn downwards at 45° angle in the direction of the excavation from the bottom of an adjoining owner’s foundations.

Below are Some Works on a Party Wall that are Considered Minor and will not require a Party Wall Notice under the Act

  • Drilling into a party wall to fix plugs and screws for wall units or shelving
  • Cutting into a party wall to add or replace electrical wiring and sockets
  • Removing old plaster and re-plastering

What can Happen If You Choose not to Follow, the Party Wall Procedure?

Court Injunctions

If a building owner commences works without serving a Party Wall Notice, the adjoining owner can apply to the court for an Injunction. Injunctions are easy to apply for and have the potential to stop construction works immediately, until the Party Wall etc. Act 1996 is followed. Ignoring this injunction can become a criminal offence. The building owner is usually held liable for costs in relation to obtaining the injunction. These costs generally include; court fees, solicitor fees, and surveyor costs. Over the years we have seen cases where the building owner was ordered by the court to remove the current works.

Property Damage

If the adjoining owner suffers damage due to the construction works, the onus would be on the building owner to provide evidence this was not caused by their works. If you have not undertaken a Schedule of Condition Report pre-works, it will be very difficult to identify if the damage was caused by the Notifiable works. The building owner will, therefore, have to pay for the repairs to the adjoining owner’s property. This can be a very costly mistake, so ensure to undertake a Schedule of Condition Report prior to commencing your planned works.

If you are planning to undertake Construction works and would like to discuss your party wall surveying matter, give us a call and speak to one of our experienced Party Wall Surveyors. We provide 30 minutes FREE impartial, no strings attached advice.

Find your next van

Sam Allcock
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Find your next van

Buying a second hand vehicle is quite different from getting a new one. Not only because it’s for sure a more affordable choice, but also for the reason that it requires some special attention before making the right decision. At vansales.com you can easily find the best deal and a trustworthy company that is enthusiastic about satisfying customers’ needs and expectations.

Vansales.com is a leasing and rental company specialized in kombi and panel vans. They sale used vehicles from 6 month up to 5 years old, most of them only had one previous owner, so they are, in effect, second hand.

The company also offers rental services for high specification motorhomes and vans. Vehicles rent is available from a day up to 12 months, providing an excellent choice not only for using a van or a motorhome in a specific occasion, but also to try a vehicle before opting for buying it. In fact, many used van buyers were first leasers that made the decision to buy after feeling comfortable with the vehicle.

Tips to find the right van

Choosing what vehicle is best for you can be an overwhelming experience, especially for those who are new to the world of panel and kombi vans. There are, indeed, many options available with different characteristics.

So, the first tip is to take some time to research the available stock before making any decision. Fortunately, most of renting and leasing companies have online web sites that can be visited in order to fully explore the available stock and narrowing it down to two or three options.

At this point, sending and email or even calling the company can be a great way of checking what you saw online. Also, it helps to clear up any doubts regarding the vehicles you are interested in or other matters regarding the sale or rent procedure.

After completing this steps, you will be in a better position to visit the company and see for yourself what you are about to buy or rent.

Taking some time to plan your visit to the company is also a good way of making the most of it. First, the basic things, such as checking the address and opening hours. Second, preparing yourself to gather all the information you are looking for by making a list of questions you would like to ask.

What has the vehicle been used before? Can I do a test drive? What is the mileage? Does the mileage reflect in the vehicle conditions? Does the company offer finance? Is there a guarantee? What are the accessories included? Can I upgrade my van with accessories? Does the company deliver vans?

These are some of the main questions you should ask during your visit. Your will probably have much more doubts than this. It’s better to have them written down so you won’t forget any of them at the moment of your visit to the store.

Last but not least, it is very important to check the legal documents associated with the vehicle and get a full understanding of the needed paperwork. Even though it can be tedious, it is important to take some time to look at all the documentation of the vehicle in order to be completely sure that everything is ok and you won’t get any issues once you are driving it.

Fortunately, at Van Sales you will find the proper orientation regarding all legal matters and what is exactly the paperwork needed in order to buy, lease or rent a panel or kombi van.

Finance solutions

Most of companies dedicated to sale, rent or lease cars offer some type of finance options to help customers get the product they want.

Van Sales offers a range of finance and leasing solutions at some of the cheapest rates. They offer Hire Purchase with VAT down as a deposit over up to 60 month. Also, on newer used vans they sometimes add a final payment at the end to reduce the monthly charge.

Moreover, most of new or used vans can be bought on Personal Contract Purchase with a final value and sometimes they offer their own in house contract hire on new vehicles if getting a mainstream funder is not an option.

5 Best Crypto Exchange Platforms You Must Know for trading in the UAE

Sam Allcock
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5 Best Crypto Exchange Platforms You Must Know for trading in the UAE

Cryptocurrency exchanges are gradually becoming popular in the UAE and the Middle East as a whole. With the rising endorsement of cryptocurrencies by Islamic scholars and sharia compliance bodies, enterprises, governments, and the general public are rapidly incorporating blockchain technology. This technology is gradually being pursued in asset management and investing in the Gulf region countries, including UAE, Saudi Arabia, Qatar, Bahrain, and Kuwait.

Despite such increasing popularity, most interested folks jump into only one cryptocurrency exchange platform (recommended by a friend or randomly chosen). They use that same cryptocurrency exchange forever regardless of their preferences. However, it is crucial to choose a suitable exchange before investing. Otherwise, it would be too late, and you may have to face a ton of hassle for shifting your whole trade. Therefore, look before you leap.

The surprising fact is: most people in Middle East countries believe that they need to be experts in sophisticated technologies to buy bitcoin and cryptocurrency. This is not entirely true. You can easily buy and trade cryptocurrencies with a few clicks from your preferred exchange. However, there are different payment methods to buy these currencies in different exchanges. Some can be purchased with credit cards, and others may need debit cards, transfer from a bank account to another bank account, and other methods. Over time, you’ll understand the most cost-effective practices, price fluctuations, and trends.

What is a Cryptocurrency Exchange Platform?

Cryptocurrency exchanges are online marketplaces where users may trade cryptocurrencies for other assets, such as digital and fiat currencies. In practice, cryptocurrency exchanges function as facilitators between buyers and sellers, earning revenue via commissions and transaction fees.

The 5 Best Crypto Exchange Platform in the UAE

There are thousands of cryptocurrency exchange platforms around the globe. It can be really confusing for a beginner to choose from the list. In this article, we have prepared a shortlist of 5 Best Crypto Exchange Platforms in the UAE, considering different parameters and facilities.

So, here we go:

  1. eToro
  2. Binance
  3. Bitoasis
  4. Rain
  5. CoinMENA

1. eToro: The Best of The Best Crypto Exchanges

Considering various parameters, eToro as our first choice was obvious. With 20 million registered users globally, it is one of the largest online crypto exchange platforms where users may invest in a variety of assets. It offers around 17 cryptocurrencies for trading.

Pros:

  1. The webpage is incredibly user-friendly.
  2. With a broad user base, it has evolved into a social trading platform.
  3. eToro offers copy trading besides many of such unique features.

Cons:  

  1. Despite explicit commissions being speared, spreads are still quite massive.
  2. Charges a withdrawal fee of $5 per transaction.
  3. The withdrawal procedure sometimes might be time-consuming.

Fees:

Bitcoin: 0.75%

Others: 1% to 3%

Security:

  1. Client funds and personal details are both safeguarded by eToro’s use of tier 1 banks and SSL encryption.
  2. The FCA, CySEC, and ASIC all have oversight over eToro’s business operations and trading practices.

2. Binance: World’s Largest Crypto Exchange by Volume

Binance, launched in 2017, is a Hong Kong-based cryptocurrency exchange. Soon after the launch, it swiftly grew to become the world’s biggest exchange by trading volume. It is a feature-rich exchange that is ideal for experienced cryptocurrency traders and investors. It provides a plethora of trading tools and possibilities. It currently supports over 300 cryptocurrencies, with no deposit fees and extremely reasonable trading charges.

Pros:

  1. It offers a wide choice of cryptocurrencies for clients.
  2. The website contains a ton of exclusive features. For instance, WEb3 Browsers, Decentralized Applications, etc.
  3. It offers cutting-edge security features.

Cons:

  1. The customer support is not up to the mark. It lacks the essential live chat feature.
  2. Bad news if you frequently visit the US. Binance is not supported in several US states.
  3. Its security had been compromised once, but no customer had to suffer any loss. 

Fees:

Trading fee for ‘maker’ : 0.02% – 0.10%

Trading fee for ‘taker’ : 0.04% – 0.10%

Withdrawal fee specific: Here

Security:

  1. It uses 2FA Authentication and keeps biometric verification as a backup.
  2. For the sake of security, Binance only keeps a tiny fraction of the currencies in circulation in its hot wallets. The remainder is maintained in offline cold storage.
  3. Despite all the measures, its security had been compromised in 2019, losing over $40 million worth of Bitcoin. However, the clients did not suffer as Binance compensated from their own pocket. Since then, we have found no other security problems registered against Binance.

3. Bitoasis: UAE Specific Crypto Exchange 

Bitoasis is a crypto exchange and a broker in one. Being founded in 2015, this UAE-based crypto exchange has seen steady growth. With 20 cryptocurrencies supported, it’s available throughout the Middle East and some North Africa countries.

Pros:

  1. Unlike some of the best globally renowned crypto exchanges, Bitoasis is very comfortable to use from the Middle East.
  2. It offers certain unique deals every now and then.
  3. Provides useful resources for trading as downloaded content.
  4. The user interface is straightforward to go through.

Cons:

  1. The withdrawal process may take more than a week.
  2. It’s not up to the mark of comfort if you’re outside of the Middle East.
  3. The withdrawal fees are a bit outrageous.
  4. The website shows too many advertisements, which may be annoying at times. 

Fees:

Trading fee for ‘maker’ : 0.05% – 0.25%

Trading fee for ‘taker’ : 0.30% – 0.50%

Withdrawal fee : 0.000054 BTC

To know more about fees, click here.

Security:

  1. Customer assets are protected in multi-signature wallets.
  2. It uses three, different keys to protect the funds.

4. Rain: Bahrain-based Crypto Exchange for the Middle East

Rain, founded in 2017, is a cryptocurrency exchange primarily focused on the Gulf region. It is the first cryptocurrency exchange in the Middle East to be granted a regulatory license. They are rapidly expanding and presently have over 10,000 customers. However, Its cryptocurrency-asset offering is now restricted to four: Bitcoin, Ethereum, Ripple, and Litecoin.

Pros:

  1. The trading fees are very reasonable.
  2. The customer support is top-notch and available 24/7.
  3. Since it’s Bahrain-based, there’s absolutely no issue while using it from the Middle East countries.
  4. Holding a license from the Central Bank of Bahrain makes the transactions on this platform legally secured.

Cons:

  1. It does not offer varieties of cryptocurrencies.
  2. Rain is not supported outside of the Gulf Region.
  3. If you’re outside Bahrain, you’ll be charged a deposit fee.

Fees:

Purchase by Bank Transfer : 1.50%

Purchase by Card : 4.00%

Sell : 1.50%

Withdrawal (BTC) : 0.0001 BTC

Withdrawal (LTC, XRP, ETH) : $0

Security:

  1. Rain employs bank-grade security and encryption, and it complies with all CCSS regulations.
  2. The majority of funds are stored offline in a proprietary Cold Storage system.

5. CoinMENA: A Crypto Exchange for both the Middle East and North Africa

CoinMENA is yet another huge fully regulated crypto exchange that provides dependable, secure, and straightforward trading. CoinMENA is based in Bahrain and is completely regulated by the central bank of Bahrain. It currently offers up to 9 crypto assets for trading.

Pros:

  1.  It has been certified as Sharia-compliant by the SRB (Shariyah Review Bureau)
  2. The customer support is excellent.
  3. The website and mobile app are really easy and simple.

Cons:

1. It does not offer a wide range of cryptocurrencies.

2. It is not comfortable to use outside of the Middle East.

Fees:

Trading fee : 0.75%

Crypto withdrawals : 0.25%

Deposits :  bank 0% – credit card 3.5% 

Security:

  1. CoinMENA offers cold storage for crypto assets
  2. It Follows AML/KYC procedures when registering.

Conclusion

So, here ends the list of the best 5 crypto exchanges in the UAE. These are not the only options. If you really want to make the best out of crypto trading, you must explore and research each and every exchange and asset surrounding yourself so that you can optimize the outcome.

6 ways flat owners can protect themselves from unwanted insurance covers

ABC Staff
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0
6 ways flat owners can protect themselves from unwanted insurance covers

Flat owners are usually the ones to take care of their insurance covers, but what happens when they don’t know which cover is best for them? Which cover would be the most beneficial in case something were to happen? That’s where we come in. We’ll tell you exactly what type of insurance coverage you need so that you can protect yourself and your property.

As a flat owner, there are many things you can do to protect yourself and your belongings. Your insurance policy is an important aspect of this process that cannot be overlooked or ignored. There are many different types of covers available with each one covering specific perils such as fire, theft and more. In today’s post, we will focus on 6 ways flat owners can protect themselves from unwanted insurance covers.

1. Ensure that you have the right insurance cover for your needs

Finding the right insurance cover for your flat can be a hassle.

There are so many different types of flats that require different kinds of insurance, and it’s hard to know which one you need.

The big problem with most insurance policies for flats is that they do not cover all of the things which are important to you as an owner. They may only payout on certain kinds of loss or damage and leave your belongings uncovered in other ways. This means that if something happens to your home, there may be no money available from your insurer when it matters most.

Flat insurance is an umbrella term used to describe all forms of home-related coverage for renters or homeowners, including personal property protection (which covers your belongings), liability protection (which covers any injuries sustained by guests in your home), and living expenses coverage (which pays out if you’re forced to temporarily relocate due to damage).

According to Deacon, a leading building insurer in the UK, they suggested and we paraphrase:

It also includes renter’s/homeowner’s policy, which protects against loss or damage caused by fire, theft, or other covered perils; as well as additional options like earthquake insurance and flood coverage.

2. Read your policy carefully to make sure it is what you want

When you buy a flat insurance policy, it’s hard to know what you’re getting. In the UK, over 50% of homeowners do not read their flat insurance policy carefully. This is a problem as it means that they are unaware of what cover they have and whether or not it will be adequate in the event of a claim

You might be surprised at what is and isn’t covered by your policy. If you don’t read the fine print, there could be hidden costs or limitations that leave you with a huge bill if something bad happens.

Make sure that everything in your policy is exactly as expected by reading it carefully before signing off on anything. You may want to consult with an expert if the language seems unclear, but this could save you from future problems down the road.

3. If you are not happy with an insurance company, switch companies

Yes, you can switch your home insurance at any time. This is especially important if there has been a change in the type of coverage that does not meet your needs.

Most of the flat insurance companies are not transparent. They do not tell you what they charge for each service and when you need to pay additional fees or taxes, these costs just appear on your invoice.

But this is 2021, shouldn’t flat insurance be more transparent? Shouldn’t there be a way to see how much I am paying for my policy in real-time?

Switching your flat insurance company can save you money and give you peace of mind. You need to go with the company which offers transparency, easy payments with no hidden fees or charges, 24/7 customer support (in English), mobile apps that allow you to manage all aspects of your policy from anywhere, etc… All at the same price as other flat insurance companies!

4. Take out a policy that covers damage to your property as well as theft or vandalism of personal belongings

It is a hassle to deal with insurance companies and their agents when you have been the victim of theft or vandalism.

There are two options for getting your property replaced after an incident like this, but neither of them is ideal. You can claim on your home owner’s policy, which will cover up to £1 million in damages (if you live in Canada), but it requires that you submit receipts for all expenses related to the loss. If any money is leftover at the end of the process, it goes back into your pocket rather than paying off what’s still owed on your mortgage or other debts.

The second option is to get separate coverage through one of several different types of personal property insurance policies; however, these come with deductibles that range from £500- £10,000 depending upon whether they’re purchased individually or bundled together as part of a homeowners’ package policy.

5. Check if any policies will be void if the home is damaged due to natural disasters such as flooding or earthquakes 

Homeowners are often confused about what their insurance policies cover. They don’t know if they will be able to claim natural disasters such as floods or earthquakes.

The answer is simple – you need to check your policy details, but it’s not always easy to find out which damage is covered and which isn’t. Other things might void your policy, like having an unlicensed contractor do work on the home without informing the insurer first.

Homeowners should thoroughly check their policies for any issues with making claims after natural disasters have occurred in their area. With the help of an expert, you can see exactly how much coverage you have left on all of your policies, including flood insurance and earthquake coverage through FEMA or private insurers (if applicable). You can even compare multiple different quotes side by side to find the best deal!

6. Consider taking out additional cover for earthquake and flood damage in case they happen in your area

You don’t want to be left out of pocket if a natural disaster like an earthquake or flood affects your home. If you live in an area prone to earthquakes and floods, then you need to take action now before it’s too late.

So you need to choose such a provider who provides additional cover for natural disasters that could happen in your area with extra cover for a flat insurance policy. This is the perfect way to protect yourself against any potential damage caused by these types of events.

It also covers damage from fire, vandalism and malicious acts as well as water leaks inside the property which come from faulty plumbing systems or appliances such as washing machines, dishwashers and showers, etc… The extra cover for flat insurance is available at no cost so nothing is stopping you from protecting yourself today!

Conclusion

We hope that you found this blog post helpful. It’s important to know the right insurance cover for your needs, read your policy carefully and take out a policy that covers damage to property as well as theft or vandalism of personal belongings, including if any policies will be void due to natural disasters.

 If you are not happy with an insurance company, switch companies so they can offer the best possible coverage at competitive rates. Which of these tips did you find most useful? Let us know in the comments below!

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