Frequently Asked Questions
In foreign exchange (forex), the quote currency, commonly known as the "counter currency", is the second currency in both a direct and indirect currency pair and is used to determine the value of the base currency.
In a direct quote, the quote currency is the foreign currency.
In an indirect quote, the quote currency is the domestic currency.
The quote currency is listed after the base currency in the pair when currency exchange rates are quoted. One can determine how much of the quote currency they need to sell in order to purchase one unit of the first or base currency.
In a direct quote, the quote currency is the foreign currency.
In an indirect quote, the quote currency is the domestic currency.
The quote currency is listed after the base currency in the pair when currency exchange rates are quoted. One can determine how much of the quote currency they need to sell in order to purchase one unit of the first or base currency.
In the forex market, currency unit prices are quoted as currency pairs.
The base currency, also called the "transaction currency", is the first currency appearing in a currency pair quotation, followed by the second part of the quotation, called the "quote currency" or the "counter currency".
For accounting purposes, an exchange may use the base currency as the domestic currency or accounting currency to represent all profits and losses.
The base currency, also called the "transaction currency", is the first currency appearing in a currency pair quotation, followed by the second part of the quotation, called the "quote currency" or the "counter currency".
For accounting purposes, an exchange may use the base currency as the domestic currency or accounting currency to represent all profits and losses.
There are totally three (3) quote currencies in Atlantis Exchange. They are listed as follows:
1) USD: US Dollar.
2) AC: American Coin.
3) USDC: USD Coin.
All the cryptocurrencies are traded through any or all of the above-listed 3 quote currencies on Atlantis Exchange.
1) USD: US Dollar.
2) AC: American Coin.
3) USDC: USD Coin.
All the cryptocurrencies are traded through any or all of the above-listed 3 quote currencies on Atlantis Exchange.
Here are some useful links to quality video content:
1) Beginners: http://www.vox.com/explains/2014/4/23/5643382/how-bitcoin-is-like-the-internet-in-the-80s
2) Intermediate Users: https://www.youtube.com/watch?v=Lx9zgZCMqXE
3) Advanced Users: https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/bitcoin/v/bitcoin-what-is-it
1) Beginners: http://www.vox.com/explains/2014/4/23/5643382/how-bitcoin-is-like-the-internet-in-the-80s
2) Intermediate Users: https://www.youtube.com/watch?v=Lx9zgZCMqXE
3) Advanced Users: https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/bitcoin/v/bitcoin-what-is-it
Here are some useful links on American Coin:
1) Whitepaper URL: https://ac.americancoin.app/white-paper
2) Website: https://atlantiscoin.app/american-coin.html
3) Blockchain Explorer: https://bscscan.com/token/0xc577b6599234b5b29e602aeb5bc6eeab333829a3
1) Whitepaper URL: https://ac.americancoin.app/white-paper
2) Website: https://atlantiscoin.app/american-coin.html
3) Blockchain Explorer: https://bscscan.com/token/0xc577b6599234b5b29e602aeb5bc6eeab333829a3
No. Atlantis Exchange is an Exchange platform integrated with all the needed hot wallet functions. But it is neither a wallet service platform, nor a cold wallet platform.
Atlantis Exchange provides global users with the ability to deposit and withdraw funds to its corporate bank account for fiat currencies and corporate cold wallet for cryptocurrencies for safe keeping while the funds are being exchanged or traded on the basis of 24/7/365.
Atlantis Exchange uses COLD STORAGE and a HOT WALLET for fund security purpose.
Although Atlantis Exchange's hot wallet addresses are personalized from user to user, it does not provide a personal wallet service on the exchange platform. So please note that your SENDING ADDRESS for a cryptocurrency will NOT be the same as your DEPOSIT ADDRESS.
1) It is your responsibility to ensure that the address to which you are depositing is listed on your deposit page in your account's wallet.
2) Please take the relevant steps to prevent your funds from being sent to addresses that are not listed on the deposit page in your account.
3) Please do not attempt to withdraw cryptocurrencies from Atlantis Exchange if the ownership of the sending address is relevant to the transaction. For example, if you’re depositing into an Initial Coin Offering address, Atlantis Exchange hot wallet will be the depositor and not your personal Atlantis Exchange deposit address.
4) In case you accidently make a deposit to an Atlantis Exchange address that is not listed on your wallet's deposit page, you will be impossible to receive the funds, and it will be impossible for Atlantis Exchange to credit or return the funds to your account.
5) Last but not least, due to the nature of blockchain, if you withdraw cryptocurrencies from Atlantis Exchange to a third party that returns the withdrawal to the address from which it was sent, those cryptocurrencies will not be recoverable by Atlantis Exchange.
Atlantis Exchange provides global users with the ability to deposit and withdraw funds to its corporate bank account for fiat currencies and corporate cold wallet for cryptocurrencies for safe keeping while the funds are being exchanged or traded on the basis of 24/7/365.
Atlantis Exchange uses COLD STORAGE and a HOT WALLET for fund security purpose.
Although Atlantis Exchange's hot wallet addresses are personalized from user to user, it does not provide a personal wallet service on the exchange platform. So please note that your SENDING ADDRESS for a cryptocurrency will NOT be the same as your DEPOSIT ADDRESS.
1) It is your responsibility to ensure that the address to which you are depositing is listed on your deposit page in your account's wallet.
2) Please take the relevant steps to prevent your funds from being sent to addresses that are not listed on the deposit page in your account.
3) Please do not attempt to withdraw cryptocurrencies from Atlantis Exchange if the ownership of the sending address is relevant to the transaction. For example, if you’re depositing into an Initial Coin Offering address, Atlantis Exchange hot wallet will be the depositor and not your personal Atlantis Exchange deposit address.
4) In case you accidently make a deposit to an Atlantis Exchange address that is not listed on your wallet's deposit page, you will be impossible to receive the funds, and it will be impossible for Atlantis Exchange to credit or return the funds to your account.
5) Last but not least, due to the nature of blockchain, if you withdraw cryptocurrencies from Atlantis Exchange to a third party that returns the withdrawal to the address from which it was sent, those cryptocurrencies will not be recoverable by Atlantis Exchange.
Atlantis Exchange provides global users with the EASIEST TO USE limit function with various trade protections from unexpected situations which will MINIMIZE your risks to lose money while MAXIMIZING your opportunity to make as much profits as possible.
1) Before you start buying and/or selling, you’ll need to deposit funds into your Atlantis Exchange account.
2) Once your account is funded, you may use the order forms under the “New Order” tab to place orders.
3) Please note that the currency pair you select plays a role in determining what is bought or sold. For example:
- If the “buy” button is selected and the trade pair BTC/AC is selected, then BTC will be bought and AC will be sold.
- If the “sell” button is selected and the trade pair BTC/AC is selected, then BTC will be sold and AC will be bought.
1) Before you start buying and/or selling, you’ll need to deposit funds into your Atlantis Exchange account.
2) Once your account is funded, you may use the order forms under the “New Order” tab to place orders.
3) Please note that the currency pair you select plays a role in determining what is bought or sold. For example:
- If the “buy” button is selected and the trade pair BTC/AC is selected, then BTC will be bought and AC will be sold.
- If the “sell” button is selected and the trade pair BTC/AC is selected, then BTC will be sold and AC will be bought.
Because the U.S. laws and regulations require that Atlantis Exchange verifies your account by asking who you are and where you live, after signing up for an account, your account has to be verified before you use the funding methods or start trading.
To complete the account verification, you must satisfy with the following two requirements:
1) Age: You must be at least 18 years old.
2) Email: You must have a valid email address that can receive emails from Atlantis Exchange.
Atlantis Exchange takes every measure to prevent users from fraud and keeps the entire platform in compliance with the regulations on KYC and AML for trading of digital assets.
To complete the account verification, you must satisfy with the following two requirements:
1) Age: You must be at least 18 years old.
2) Email: You must have a valid email address that can receive emails from Atlantis Exchange.
Atlantis Exchange takes every measure to prevent users from fraud and keeps the entire platform in compliance with the regulations on KYC and AML for trading of digital assets.
The privacy of the user’s personal information is very important to Atlantis Exchange. It protects such information through the dedicated design efforts of the highly professional security experts in its engineering team.
The following is a brief summary:
1) The databases containing sensitive user data aren’t accessible from its website because they’re all encrypted and can’t be decrypted without access to multiple highly-secured systems.
2) By far, the most likely scenario for leakage of personal data worldwide would be user-specific, rather than a breach of the database as a whole. That is, if someone gained access to your personal login credentials, and could then see the same personal information you can see when you log into your account. To avoid such a situation, Atlantis Exchange provides many security tools to help you secure your account as perfect as possible.
- At least, you should have "Two-factor Authentication" (2FA) for your account's login and set up a Master Key.
- You may also want to add Global Settings Lock (GSL) to your account.
3) In order to better secure your account, Atlantis Exchange provides a number of security features that will make your account more secure. You are highly recommended to secure your account in the following ways:
- Basic Setup of Two-factor Authentication (2FA).
- Set up a Master Key to require authentication for account recovery.
- Secure the email account registered to your Atlantis Exchange account with a strong password and Two-factor Authentication.
- Advanced Lock your account settings with the Global Settings Lock to prevent withdrawal addresses from being added even if an attacker gains access to your account.
- If your email supports PGP signing and encryption, you may provide Atlantis Exchange with your PGP key to receive signed and encrypted email from Atlantis Exchange.
- Set up Two-factor Authentication for deposits and withdrawals and/or trading. Note that the Global Settings Lock must be set in order for these to be effective.
The following is a brief summary:
1) The databases containing sensitive user data aren’t accessible from its website because they’re all encrypted and can’t be decrypted without access to multiple highly-secured systems.
2) By far, the most likely scenario for leakage of personal data worldwide would be user-specific, rather than a breach of the database as a whole. That is, if someone gained access to your personal login credentials, and could then see the same personal information you can see when you log into your account. To avoid such a situation, Atlantis Exchange provides many security tools to help you secure your account as perfect as possible.
- At least, you should have "Two-factor Authentication" (2FA) for your account's login and set up a Master Key.
- You may also want to add Global Settings Lock (GSL) to your account.
3) In order to better secure your account, Atlantis Exchange provides a number of security features that will make your account more secure. You are highly recommended to secure your account in the following ways:
- Basic Setup of Two-factor Authentication (2FA).
- Set up a Master Key to require authentication for account recovery.
- Secure the email account registered to your Atlantis Exchange account with a strong password and Two-factor Authentication.
- Advanced Lock your account settings with the Global Settings Lock to prevent withdrawal addresses from being added even if an attacker gains access to your account.
- If your email supports PGP signing and encryption, you may provide Atlantis Exchange with your PGP key to receive signed and encrypted email from Atlantis Exchange.
- Set up Two-factor Authentication for deposits and withdrawals and/or trading. Note that the Global Settings Lock must be set in order for these to be effective.
Yes, it is.
Atlantis Exchange has developed a state-of-the-art audit process in order to prove to third parties, including its customers, that customer funds are properly held in either blockchain based crypto wallets or FDIC-insured bank account.
Atlantis Exchange has developed a state-of-the-art audit process in order to prove to third parties, including its customers, that customer funds are properly held in either blockchain based crypto wallets or FDIC-insured bank account.
Liquidity refers to how easily an asset which can be bought or sold at a stable price on a given market.
Generally, the quicker you sell an asset at a price as close to your asked price as possible, the more liquid an exchange is considered to be.
Generally, the quicker you sell an asset at a price as close to your asked price as possible, the more liquid an exchange is considered to be.
If your funds are partially or fully locked / frozen, please refer to the following situations:
1) Please check if there are open orders in your account. In case any of your open orders has not been filled, your funds related to those open orders will be locked. You may find your orders under "open order" and choose to cancel them whenever needed. Then the locked funds will become available for you.
2) Please check if there is any pending withdrawal in your account. In case any of your withdrawals is still in process, the withdrawal-related funds will be locked.
3) Please check if any of your lending orders has not been filled. In case any of your lending orders has not been filled, the lending-related funds will be locked. Meanwhile, if you enabled the Auto-Lend function and all the extra funds beyond the specified amount you reserved will automatically be lent out and locked too. You may choose to cancel such open orders to make the funds available
4) Please check if you have placed any of your funds in the liquidity pool ("LP"). Any funds in the LP are locked in the period of your selected term/s. Such funds will become available as soon as they are matured.
In the event that all of the above situations are not applicable to you case, please submit a request for support online and provide your Account ID number and registered email address. We will check resolve the problem/s for you ASAP.
1) Please check if there are open orders in your account. In case any of your open orders has not been filled, your funds related to those open orders will be locked. You may find your orders under "open order" and choose to cancel them whenever needed. Then the locked funds will become available for you.
2) Please check if there is any pending withdrawal in your account. In case any of your withdrawals is still in process, the withdrawal-related funds will be locked.
3) Please check if any of your lending orders has not been filled. In case any of your lending orders has not been filled, the lending-related funds will be locked. Meanwhile, if you enabled the Auto-Lend function and all the extra funds beyond the specified amount you reserved will automatically be lent out and locked too. You may choose to cancel such open orders to make the funds available
4) Please check if you have placed any of your funds in the liquidity pool ("LP"). Any funds in the LP are locked in the period of your selected term/s. Such funds will become available as soon as they are matured.
In the event that all of the above situations are not applicable to you case, please submit a request for support online and provide your Account ID number and registered email address. We will check resolve the problem/s for you ASAP.
Yes, you are required to do so.
The IRS classifies cryptocurrencies as property for tax purposes. This means that you incur capital gains and capital losses whenever you sell, trade, or otherwise dispose of your cryptocurrency. Accordingly, the capital gains and losses from your cryptocurrency trading and investing activity need to get reported when you file your tax returns.
As for how much you shall pay to IRS when you file your next tax return, please consult with your CPA for accurate advice. Atlantis Exchange is not in the position to provide users with tax advices.
For example:
If Alice purchased 1,000,000 AC on Atlantis Exchange for $10,000.00 in summer 2021.
Three (3) months later, Alice sold her 1,000,000 AC for $100,000.00.
Accordingly, Alice realized a total capital gain of $90,000.00.
Therefore, her income of US$90,000.00 must be reported on her next personal tax return.
The IRS classifies cryptocurrencies as property for tax purposes. This means that you incur capital gains and capital losses whenever you sell, trade, or otherwise dispose of your cryptocurrency. Accordingly, the capital gains and losses from your cryptocurrency trading and investing activity need to get reported when you file your tax returns.
As for how much you shall pay to IRS when you file your next tax return, please consult with your CPA for accurate advice. Atlantis Exchange is not in the position to provide users with tax advices.
For example:
If Alice purchased 1,000,000 AC on Atlantis Exchange for $10,000.00 in summer 2021.
Three (3) months later, Alice sold her 1,000,000 AC for $100,000.00.
Accordingly, Alice realized a total capital gain of $90,000.00.
Therefore, her income of US$90,000.00 must be reported on her next personal tax return.
No, you don't. Simply buying and holding onto cryptocurrencies does not generate any taxable gains, and thus you do not need to pay any tax to IRS.
Cryptocurrency gains and/or losses will merely be realized once you sell, trade, or use it to purchase goods or services. As defined by the IRS, you will incur a taxable event when any of the following occur:
1) Trading cryptocurrency to fiat currency;
2) Trading cryptocurrency for another cryptocurrency;
3) Using cryptocurrency to purchase goods and service; and
4) Earning cryptocurrency as income.
Cryptocurrency gains and/or losses will merely be realized once you sell, trade, or use it to purchase goods or services. As defined by the IRS, you will incur a taxable event when any of the following occur:
1) Trading cryptocurrency to fiat currency;
2) Trading cryptocurrency for another cryptocurrency;
3) Using cryptocurrency to purchase goods and service; and
4) Earning cryptocurrency as income.
To calculate your capital gains or losses for whenever you dispose of your cryptocurrency, you may simply use the equation below:
Capital Gain/Loss = Cryptocurrency Amount × (Sold Price/s or Fair Market Value - Purchased Cost).
Capital Gain/Loss = Cryptocurrency Amount × (Sold Price/s or Fair Market Value - Purchased Cost).
Yes, they are.
As defined by IRS, trading one cryptocurrency for another is treated as a sale of the first coin and a buy of the second. Therefore, any associated gain or loss from the sale of the first coin shall be reported on your next tax return.
As defined by IRS, trading one cryptocurrency for another is treated as a sale of the first coin and a buy of the second. Therefore, any associated gain or loss from the sale of the first coin shall be reported on your next tax return.
Yes, you shall.
According to IRS, earning cryptocurrency from mining, staking, or other related transactions is a form of income. Therefore, it must be reported on your next tax return.
The amount of income you recognize equals to the fair market value of the received cryptocurrency in your fiat currency at the time of receiving the reward, bonus, payout, or airdrop, etc.
According to IRS, earning cryptocurrency from mining, staking, or other related transactions is a form of income. Therefore, it must be reported on your next tax return.
The amount of income you recognize equals to the fair market value of the received cryptocurrency in your fiat currency at the time of receiving the reward, bonus, payout, or airdrop, etc.
To report all of your capital gains and losses, you need to complete the IRS Form 8949, which details each of your cryptocurrency taxable events.
On Form 8949, you will be able to list all your cryptocurrency trades and sells along with the date you acquired the crypto, the date sold or traded, your proceeds (Fair Market Value), your cost basis, and your gain or loss.
Once you have each trade listed, total them up at the bottom, and transfer this amount to your Form 1040 - Schedule D.
When you file your next tax return, you shall include both Form 1040 and Form 8949.
On Form 8949, you will be able to list all your cryptocurrency trades and sells along with the date you acquired the crypto, the date sold or traded, your proceeds (Fair Market Value), your cost basis, and your gain or loss.
Once you have each trade listed, total them up at the bottom, and transfer this amount to your Form 1040 - Schedule D.
When you file your next tax return, you shall include both Form 1040 and Form 8949.
Yes, you shall claim your losses.
Just like if you were to lose money when trading stocks, capital losses from your cryptocurrency transactions would deduct from your capital gains and income. In effect, they reduce your taxable income and put money back in your pocket.
Just like if you were to lose money when trading stocks, capital losses from your cryptocurrency transactions would deduct from your capital gains and income. In effect, they reduce your taxable income and put money back in your pocket.
There are three (3) quote currencies on Atlantis Exchange as follows.
1) AC – American Coin.
2) USD – US Dollar.
3) USDC – USD Coin.
All cryptocurrencies listed on Atlantis Exchange are priced and traded in AC, USD and/or USDC.
1) AC – American Coin.
2) USD – US Dollar.
3) USDC – USD Coin.
All cryptocurrencies listed on Atlantis Exchange are priced and traded in AC, USD and/or USDC.
Atlantis Exchange welcomes gifted experts in the related fields from any country to join as team members, who may work remotely around the globe.
To become a team member, you shall prove your qualifications for the following requirements:
1) A university degree related to any of the majors such as information technology, finance, marketing, economics, communications, public relations, etc.
2) A 3-year track record related to any of the majors such as information technology, finance, marketing, economics, communications, public relations, etc.
3) Past job performance with specific statistical numbers.
4) Copy of ID / passport and university degree/s.
In addition, it will be very helpful for your application if your referrals on Atlantis Exchange exceed 1,000 people.
For proper consideration, your personal documents with updated professional resume shall be emailed to:
info@AtlantisCoin.net
To become a team member, you shall prove your qualifications for the following requirements:
1) A university degree related to any of the majors such as information technology, finance, marketing, economics, communications, public relations, etc.
2) A 3-year track record related to any of the majors such as information technology, finance, marketing, economics, communications, public relations, etc.
3) Past job performance with specific statistical numbers.
4) Copy of ID / passport and university degree/s.
In addition, it will be very helpful for your application if your referrals on Atlantis Exchange exceed 1,000 people.
For proper consideration, your personal documents with updated professional resume shall be emailed to:
info@AtlantisCoin.net
As a professional and the easiest to use platform for cryptocurrency transactions in the world, Atlantis Exchange provide global users with the easiest signup interface. As long as you know how to use your computer or smart phone, you will be able to complete the registration IN SECONDS.
To create an account, please follow the following steps one by one:
1) Please make sure you are visiting Atlantis Exchange's official website as follows:
- https://AtlantisCEX.com
- https://AtlantisCEX.net
- https://AtlantisCEX.org
- https://AtlantisCEX.io
- https://AtlantisCEX.app
- https://AtlantisCEX.club
- https://AtlantisCEX.fund
- https://AtlantisCEX.me
- https://AtlantisCEX.online
- https://AtlantisCEX.tech
- https://AtlantisCEX.us
- https://AtlantisCEX.vip
2) You can create an account on the above listed home page by typing your email, preferred username, password, and select type of account (either personal or corporate).
3) Please read and agree to our terms of service and privacy policy, then check the box and click “Sign Up”.
4) Please check your email, and confirm it to activate your account.
5) Congratulations! You have successfully created your Atlantis Exchange account and you’re ready to explore your cryptocurrency opportunities.
To create an account, please follow the following steps one by one:
1) Please make sure you are visiting Atlantis Exchange's official website as follows:
- https://AtlantisCEX.com
- https://AtlantisCEX.net
- https://AtlantisCEX.org
- https://AtlantisCEX.io
- https://AtlantisCEX.app
- https://AtlantisCEX.club
- https://AtlantisCEX.fund
- https://AtlantisCEX.me
- https://AtlantisCEX.online
- https://AtlantisCEX.tech
- https://AtlantisCEX.us
- https://AtlantisCEX.vip
2) You can create an account on the above listed home page by typing your email, preferred username, password, and select type of account (either personal or corporate).
3) Please read and agree to our terms of service and privacy policy, then check the box and click “Sign Up”.
4) Please check your email, and confirm it to activate your account.
5) Congratulations! You have successfully created your Atlantis Exchange account and you’re ready to explore your cryptocurrency opportunities.
Atlantis Exchange welcomes cryptocurrency platforms to list it in instant transactions on cryptocurrencies.
Its API information is given below:
1) https://atlantiscex.com/api/coinlist
2) https://atlantiscex.com/api/marketcap
3) https://atlantiscex.com/api/tradeDetails
Its API information is given below:
1) https://atlantiscex.com/api/coinlist
2) https://atlantiscex.com/api/marketcap
3) https://atlantiscex.com/api/tradeDetails