5 Tips and Tricks You Should Know Be a Successful Crypto Trader

If you are looking for a good alternative to cash and credit cards, you can try cryptocurrency. Today, this currency is quite popular around the world. Many companies now accept payments through cryptocurrency as well as regular currency. Bitcoin is one of the most popular cryptocurrencies, so a lot of people put money into bitcoin. Thanks to Blockchain, you can make transactions without security risk. In this article, we are going to discuss some of the most notable benefits of cryptocurrency.

Easy transactions

If you often deal with legal representatives and brokers, you know that for each transaction they charge large commissions. In addition, you will have to pay for a lot of paperwork, commissions and brokerage services.

On the other hand, if you use cryptocurrency, you can eliminate all intermediaries. You will use a secure network to execute all your transactions. Each transaction is transparent and does not involve large transaction fees.

Asset transfer

It is easy to transfer ownership of a cryptocurrency from one person to another. Behind all ecosystems is a blockchain. This way, you can perform all your transactions in a secure and secure environment.

The good thing about cryptocurrency is that it allows you to add third party approval for future payments. If you have this currency, you can easily make an asset transfer without any problems.

Confidential transactions

In the case of cash or credit there is a record of each transaction. And these records are also stored in the bank where you have your account. Every time you make a transaction, your bank keeps a record of it. Even if you are a business owner, your bank knows how much money you have in your bank account. This is bad in terms of privacy.

The beauty of cryptocurrencies is that each transaction is unique. Each transaction provides terms of negotiations. There is a concept of push that provides a basis for sharing information. Nothing will be disclosed to the recipient other than what you allow. This way, you will have complete protection of privacy and identity.

Low commission per transaction

If you check your bank statement, you will be surprised to see that the bank has charged you a transaction fee for every transaction you have made so far. If you spend a lot of operations every day, the total amount of bank fees will be quite high.

On the other hand, the transaction fee in the case of cryptocurrency is very low. However, if you hire a third party service to service your crypto-wallet, you may have to pay for that service. However, these fees are much lower compared to the fees charged by regular banks.

Calm down

You can use the Internet to transfer cryptocurrencies with complete peace of mind. In fact, anyone can use this service as long as they have access to the internet. All you need to do is have a basic understanding of the cryptocurrency network. In short, these are just some of the major benefits of using a cryptocurrency.

Cryptocurrencies have recently been in the news because tax authorities believe they can be used to launder money and evade taxes. Even the Supreme Court appointed a special investigative group on black money, recommended to abandon the trade in such currency. While China has reportedly banned some of its largest bitcoin trading operators, countries such as the United States and Canada have laws restricting exchange trading in cryptocurrencies.

What is a cryptocurrency?

Cryptocurrency, as the name implies, uses encrypted codes to make a transaction. These codes are recognized by other computers in the user community. Instead of using paper money, the online ledger is updated with regular accounting records. It is debited from the buyer’s account, and the seller’s account is credited with such currency.

How are transactions with cryptocurrency made?

If a transaction is initiated by a single user, her computer sends a public cipher or public key that interacts with the private cipher of the person receiving the currency. When the recipient accepts the transaction, the initiating computer attaches a piece of code to a block of several such encrypted codes, which is known to every user on the network. Special users called “Miners” can attach additional code to the public block, solving a cryptographic puzzle and earn more cryptocurrency. Once Miner confirms the transaction, the entry in the block cannot be changed or deleted.

For example, bitcoin can be used on mobile devices as well as for shopping. All you need to do is allow the recipient to scan the QR code from the app on your smartphone or put it face to face using near field communication (NFC). Note that this is very similar to regular online wallets such as PayTM or MobiQuick.

Stubborn users swear by BitCoin for its decentralized nature, international recognition, anonymity, transactional consistency and data security. Unlike paper currency, no Central Bank controls inflationary pressures on cryptocurrencies. Transaction books are stored in a peer-to-peer network. This means that each computer chip in its computing power and copies of databases are stored on each such node on the network. On the other hand, banks store transaction data in central repositories held by individuals hired by the firm.

How can cryptocurrency be used for money laundering?

The very fact that there is no control over cryptocurrency transactions by central banks or tax authorities means that transactions cannot always be labeled by individuals. This means that we do not know legally whether or not the transaction received the accumulation of value. The store of the recipient of the transaction is similarly suspected, as no one can say what was given for the received currency.

What does Indian law say about such virtual currencies?

Virtual currencies or cryptocurrencies are commonly treated as software and are therefore classified as a commodity under the Commodity Sale Act of 1930.

Being good, they will be subject to indirect taxes on their sale or purchase, as well as a tax on goods and goods on Miner’s services.

There is still much confusion as to whether cryptocurrencies operate as a currency in India, and the RBI, which has authority over clearing and payment systems and prepaid current instruments, has certainly not allowed buying and selling through this medium of exchange.

Therefore, any cryptocurrencies received by a resident of India will be governed by the Foreign Exchange Management Act 1999 as imports of goods into that country.

India has allowed bitcoins to be traded on special exchanges with built-in guarantees for tax evasion or money laundering, as well as compliance with Know Your Customer. These exchanges include Zebpay, Unocoin and Coinsecure.

For example, those who invest in bitcoin must collect dividends.

Capital gains resulting from the sale of securities using virtual currencies are also taxable as income and the corresponding online filing of IT reports.

If your investment in this currency is large, you better seek the help of a personal tax office. Online platforms have greatly facilitated the process of complying with tax requirements.

Bitcoin … Monetary nirvana?

If you don’t know what bitcoin is, do a little research online and you’ll get a lot … but the short story is that bitcoin was created as a medium of exchange, without a central bank or issuing bank. be involved. In addition, transactions with bitcoins must be private, that is, anonymous. The most interesting thing is that bitcoins do not exist in the real world; they exist only in computer software as some kind of virtual reality.

The general idea is that bitcoins are “mined” … an interesting term here … by solving an increasingly complex mathematical formula – more complex than more bitcoins are “mined”; again interesting – on the computer. Once created, the new bitcoin is placed in an e-wallet. You can then trade real goods or fiat currency for bitcoin … and vice versa. In addition, since there is no central issuer of bitcoins, they are all very common and therefore cannot be “managed” by the authorities.

Naturally, proponents of bitcoin, those who benefit from the growth of bitcoin, quite loudly insist that “definitely bitcoin is money” … and not only that, but also “it’s the best money ever, the money of the future” . etc … Well, Fiat fans are just as loudly shouting that paper currency is money … and we all know that Fiat paper is not money at all, because it lacks the most important attributes of real money. The question is whether you can qualify bitcoin as money … it doesn’t matter if it’s the money of the future or the best money ever.

To find out, let’s look at the attributes that define money and see if bitcoin matches. Three main attributes of money:

1) money is a stable store of value; the most essential attribute, because without value stability the numeraire function, or unit of measure, does not work.

2) money is a counter, a unit of account.

3) money is a means of exchange … but this function can be performed by other things, such as direct barter, “offset” of goods exchanged. Also “merchandise” (cheats) that temporarily store value; and finally the exchange of mutual credit; i.e. crediting the value of promises made by exchanging bills or conversations.

Compared to Fiat, bitcoin doesn’t work as badly as a medium of exchange. Fiat is accepted only in the geographical domain of its issuer. Dollars are unusable in Europe, etc. Bitcoin is accepted internationally. On the other hand, very few sellers now accept payment in bitcoins. If recognition does not grow geometrically, Fiat will win … albeit at the cost of exchanges between countries.

The first condition is much stricter; money should be a stable store of value … Now bitcoins have increased from the “value” of $ 3.00 to about $ 1,000 in just a few years. This is about as far from being a “stable storehouse of value”; how can you get! Indeed, such revenues are a great example of a speculative boom … like the bulbs of Dutch tulips, or junior mining companies, or shares of Nortel.

Of course, Fiat does not work here; for example, the US dollar, the “main” fiat, has lost more than 95% of its value in a few decades … neither fiat nor bitcoin meet the most important indicators of money; the ability to store value and store value over time. Real money, that is, gold, has demonstrated the ability to preserve value not only for centuries but for many eras. Neither Fiat nor Bitcoin have such an important ability … both fail like money.

Finally, we approach the second attribute; what to be a counter. Now it’s really interesting, and we can understand why both bitcoin and fiat fail as money by carefully considering the “counter”. Numeraire refers to the use of money not only to preserve value but also to in some sense measure or compare value. In Austrian economics it is considered impossible to actually measure value; after all, value is only in human consciousness … and how can anything be measured in consciousness? However, using Menger’s principle of market action, that is, the interaction between supply and demand, market prices can be set … at least for a moment … and this market price is expressed in quantities of the most marketable commodity that is money.

So how do we determine the cost of a Fiat …? Through the concept of “purchasing power” … that is, Fiat’s value is determined by what it can be sold for … the so-called “basket of goods”. But he clearly implies that Fiat has no value of its own, and the value derives from the value of the goods and services for which it can be traded. The causal link flows from the “purchased” product to the Fiat number. After all, what’s the difference between a one-hundred-hundred-dollar bill other than the number printed on it … and the purchasing power of the figure?

Gold, on the other hand, is not measured by what it trades for; rather, unambiguously, it is measured by another physical standard; by its weight, or mass. A gram of gold is a gram of gold, and an ounce of gold is an ounce of gold … no matter what number is engraved on its surface, “face value” or otherwise. Causality is the opposite of Fiat’s cause; Gold is measured by weight, intrinsic quality … not purchasing power. And now, do you have any idea about the value of an ounce of dollars? There is no such thing. Fiat is “measured” only by the ephemeral value … the number printed on it, the “face value”.

Bitcoin is even further from being a counter; it’s not just a figure like Fiat … but its value is measured in Fiat! Even if bitcoin becomes internationally recognized as a medium of exchange, and even if it manages to replace the dollar as an accepted “figure,” it can never have an internal measure like gold. Gold is unique in that it is measured by a true, unchanging physical quantity. Gold is unique in preserving value for thousands of years. Nothing else that is available to humanity has this unique combination of qualities.

In conclusion, while Bitcoin has some advantages over Fiat, namely anonymity and decentralization, it may not be money. Its benefits are also questionable; the goal is to limit the “mining” of bitcoins to 26,000,000 units; that is, the “mining” algorithm becomes harder and harder to solve, and then impossible after mining 26 million bitcoins. Unfortunately, this ad could well be a death knell for Bitcoin; already some central banks have announced that bitcoin could become a “reserved” currency.

Wow, that sounds like a serious move for bitcoin, right? After all, “big banks” seem to accept the true value of bitcoin, right? In fact, it means that banks recognize that they can trade fiats for bitcoin … and in fact buying the planned 26 million bitcoins will cost a paltry 26 billion fiat dollars. Twenty-six billion dollars is not a small change for Fiat printers; only the U.S. Fed issues about a week. And if bitcoins have been sold out and locked in the Fed’s “wallet” … what useful purpose can they serve?

There would be no bitcoins left in circulation; perfect corner. If there are no bitcoins in circulation, how can they be used as a medium of exchange? And what can bitcoin issuers do to protect themselves from such a fate? Change the algorithm and increase 26 million to … 52 million? Up to 104 million? Join the Fiat printing parade? But then, according to the quantitative theory of money, bitcoin would begin to lose value, as if Fiat is losing value through “reprint” …

We approach the key issue; why look for “new money” when we already have the best money, Golda? Fear of gold confiscation? Lack of anonymity from an intrusive government? Brutal taxation? Laws on the legal payment account of fiat money? All of the above. The answer is not in a new form of money, but in a new social structure, without Fiat, without government espionage, without drones and special forces … without the IRS, border guards, bandits from the TSA … and so on. A world of freedom, not tyranny. Once this is done, gold will regain its ancient and vital role as honest money … and not a minute earlier.

Cryptocurrency not only gave the fastest way to transfer money, but also a new organization for trading and earnings, in addition to stocks and other goods. While you can directly sell and buy bitcoins, you can also use exchanges to trade bitcoins to continue trading cryptocurrencies. There are many exchanges where bitcoin trading is secure and secured, and customers are facilitated by a variety of advanced services. As an investor or trader in cryptocurrency, you can choose any of the exchanges for your comfort. However, it is recommended to take a look at the reviews of some before giving them up. Below is a brief overview of the best Bitcoin exchanges around the world.

CoinBase: This is probably one of the most famous and largest bitcoin trading exchanges with dual trading directly and through a wallet. CoinBase was founded in 2012 through the Y-Combinator enterprise search and has grown rapidly since then. It has many lucrative services such as multiple deposit and cash withdrawal options, money transfers between two CoinBase instant, wallets with multiple signature options for more secure transfers, bitcoin deposits insured against any losses, etc. CoinBase has a wide range of payment partners in Europe and the US that seamlessly allow transactions through them. It has relatively low transaction fees and offers bitcoin trading along with a lot of altcoin trading.

CEX.IO: One of the oldest and most well-known exchanges, which was launched in 2013 in London as the Bitcoin Trading Exchange as well as an intermediary for cloud mining. Later, the mining capacity grew so much that it contained almost half the capacity of network mining; however, it was now closed. “CEX.IO” allows customers to expand to a much larger number of bitcoin transactions, and it has the ability to instantly make bitcoin available at a asking price. However, for this exchange a slightly larger amount of exchange is taken, but this is offset by the security and ability to allow multi-currency transactions (dollar, euro and ruble) to purchase bitcoin.

Bitfinex: This is one of the most advanced trading exchanges and it is especially suitable for experienced cryptocurrency traders. With high liquidity for Ethereum as well as Bitcoin, this exchange has the best options such as leverage, margin and multi-order trading. In addition, Bitfinex offers customizable GUI features, many types of orders such as limit, stop, trailing stop, market, etc. This exchange also offers about 50 currency pairs that can be traded and with easy withdrawals for everyone. One of the largest exchanges in terms of trading volume Bitfinex offers an alias for trades and only for some services requires identification. The only downside to this exchange is that it does not support the purchase of bitcoins or any other altcoins through fiat transactions.

Bitstamp: It was founded in 2011 and is the oldest of the exchanges offering cryptocurrency and bitcoin. Most respected because, despite being the oldest, he has never been a security threat until recently. Bitstamp currently supports four currencies: Bitcoin, Ethereum, Litecoin and Ripple, and is also available in the mobile app in addition to the trading website. It has excellent support for European users or traders who have accounts in European banks. Security is also improved and the type of cold storage, which means that the coins are stored offline. So you can say that hackers cannot penetrate. Finally, its sophisticated user interface suggests that it is not intended for novice users but for professionals and offers relatively low transaction fees.

Kraken: It is one of the largest bitcoin trading exchanges in terms of liquidity, crypto euro trading volumes and Canadian dollar, dollar and yen trading rates. Kraken is the most respected exchange, which is managed through the turmoil of cryptocurrency trading and has managed to keep a number of customers safe, regardless of the fact that other exchanges have been hacked at the same time. Thanks to 14+ cryptocurrency trading facilities, the user can deposit fiat as well as cryptocurrency along with similar withdrawal options. However, it is not suitable for beginners, but has better security features and a lower transaction fee compared to CoinBase. The most important factor for Kraken is that it enjoys the trust of the community and was the first to show volumes and prices at the Bloomberg Terminal.

The big question is how to get bitcoin.

After gaining a basic knowledge of what bitcoin is and how a wallet actually works, you may want to get into the world of digital currencies and get some bitcoins for yourself. So you have a big question: how do I get bitcoin?

It’s getting hard.

Once you learn about the origins of each bitcoin that is based on the mining process, you will believe that the best way to get them is to join this mining process. The fact is that it has become very difficult because the popularity of cryptocurrency is growing rapidly.

Sell ​​products or services.

Each bitcoin is the result of a previous transaction. So the way to get them when you don’t have them is to get a transaction from someone else if you buy them for cash or also mining new bitcoins.

If you know a person who uses bitcoin, you can ask him / her to get bitcoin. In case you don’t know anyone who owns them, you can get bitcoin by offering a different type of transaction only with another bitcoin user, causing you to be paid in bitcoins. An alternative is to extract them yourself.

Mining.

In case you can’t purchase bitcoin from someone else, you can get them by mining them. The term mining here means: the solution of a complex mathematical problem, the purpose of which is to verify the transactions of others. In return you get a bitcoin. Receiving bitcoins is sometimes free, but may include a fee for sending them, depending on the online platform you use. Before you start mining bitcoin, you need to understand that it is a difficult way to get bitcoin, it requires some technical knowledge that may be impractical for you.

Buy.

In case you don’t know anyone who owns bitcoins, you have nothing to sell to exchange for bitcoin, there is a way to buy bitcoin. There are several online platforms, they sell bitcoin through a process called trading / exchange. Here are some ways to buy bitcoins:

Buy bitcoin from a person.

There are online marketplaces where you can buy bitcoin on a person-to-person basis. You can pay these individuals in cash or otherwise. It is good to think that you and the seller can agree on the method of payment: cash in person, cash through a deposit, bank transfer, PayPal, etc. The key element here is to find a person you can trust. Good advice – use an online escrow service so you can protect yourself from any kind of fraud. The good thing about this online deposit platform is that everyone has to upload their scanned ID, which ensures security during transactions.

Buy bitcoin on the stock exchange and in the outlet.

Exchanges or Bitcoin outlets are mainly online services that make it easier for buyers and sellers to make transactions with bitcoins. To become part of one of them, all you need is to create an account and verify your identity before you can buy or sell bitcoin.

Buy bitcoin through an ATM.

Some cities around the world offer physical bitcoin ATMs. You just get your bitcoins through them using local fiat currency. Governments regulate the use of these ATMs for security purposes. Sometimes finding a bitcoin ATM near your location can be difficult because even the place where they are installed is regulated.

Plan to get financial data:

Blockchain technology is commonly used in the financial sector, but they can change a number of industries ranging from the Internet of Things (IoT), which supports healthcare, and from supply chains to arts and entertainment.

The blockchain expert explains that the technologies have a wide range from use to a safe and effective way. To ensure data integrity, transparency, consistency and fairness for different types of transactions.

Ideas for existing business features:

We are the owner and manager of cryptoappfactory.com as well as Blockchain. We can improve the existing business system by using the idea of ​​creating a competitive advantage through more efficient accounting processes and solving the problems of potential customers.

We are ready to prove the second point where the P2P platform for energy trading excludes the intermediary from the sale of renewable energy. And another Blockchain startup provides a platform that seamlessly exchanges data across supply chains. Investors seem to like startup solutions to everyday problems, awarding over a million Origin Trails and over a million Power Ledgers.

Fundraising:

Ideas for creating a new model of services and products to run in your business, we support the concept of capital works for a better choice of blockchain services and business support.

We use cryptocurrency to get an alternative solution to a traditional financing project. In cryptocurrency, there are startups that use working capital on a direct investment tag using token generation events. Fellows have a specific policy of maintaining and supporting the project in accordance with legal services.

New customer service:

Blockchain technology has a cryptocurrency model that allows you to transfer data to an extended field in the market. Cryptocurrency has private and public investments to validate transaction recognition companies that also attract bitcoin and other online currencies. It helps to maintain and embody in sales.

According to the blockchain tool, we have large media data to highlight and transfer to the forum through a small family business. PIVX has storage devices to get new customers and customers to get bitcoin easier and faster in payment modes.

Expanding cybersecurity:

We use half of the bitcoins to share with private data hacking, and half of the data to share with public data. In each company they have qualified experienced support to explore business to the next level of approaches. Blockchain technology can be used to reduce the risk of data hacking.

Blockchain has improved its cybersecurity efforts, thanks to which we have the infrastructure, transparency, event tracking, cryptography and other security data exchange information systems.

Ensure Bitcoin privacy:

Privacy policy has several additional challenges in cybersecurity systems. It is important to keep an eye on specific consumers who buy bitcoin to protect your information online.

Bitcoin privacy is very important because even when performing your regulation your bitcoin data protection has many features that have stronger privacy laws. Blockchain can solve this problem by creating and protecting attention to consumer data to build transparency and trust between the consumer and brands. We offer sample data for sharing live ideas in the market using a large platform. Blockchain developers have a great ability for users to share and store information about different entities.

Global problems with the use of cryptocurrency:

Finally, we have entrepreneurs who like to use blockchain technology to create other places that can be destroyed by natural disasters.

We have stated with Forbes who can share the capitalists made in the market using cryptocurrency, bitcoin and blockchain. We, the residents, have a panel for interaction and reconnection to get the power grid, and we also sell a Bitcoin wallet for local private or public businesses.

This blockchain is the easiest way to help the cryptocurrency platform the easiest way to respond. We offer bitcoin and other currencies in the market, making it easy to expand your business.

Whether it’s the idea of ​​the cryptocurrency itself or the diversification of its portfolio, people from all walks of life are investing in digital currencies. If you are new to this concept and you are wondering what is going on, here are some basic concepts and considerations for investing in cryptocurrencies.

What cryptocurrencies are available and how to buy them?

With a market capitalization of about $ 278 billion, bitcoin is the most well-known cryptocurrency. Ethereum ranks second with a market capitalization of more than $ 74 billion. In addition to these two currencies, there are a number of other options, including Ripple ($ 28 billion), Lightcoin ($ 17 billion) and MIOTA ($ 13 billion).

Being the first in the market, there are many exchanges for bitcoin trading around the world. BitStamp and Coinbase are two well-known exchanges in the United States. Bitcoin.de is an established European exchange. If you are interested in trading other digital currencies along with bitcoins, then on the crypto market you will find all digital currencies in one place. Here is a list of exchanges according to their 24-hour trading volume.

What money storage options do I have?

Another important point is the storage of coins. One option, of course, is to keep it on the exchange where you buy them. However, when choosing an exchange you need to be careful. The popularity of digital currencies has led to the emergence of many new, unknown exchanges everywhere. Take the time to exercise due diligence to avoid scammers.

Another option with cryptocurrencies – you can store them yourself. One of the safest options for storing your investment is hardware wallets. Companies like Ledger allow you to store bitcoin and several other digital currencies.

What is a market and how can I learn more about it?

The cryptocurrency market fluctuates greatly. The changing nature of the market makes it more suitable for long-term gaming.

There are many established news sites that report on digital currencies, including Coindesk, Business Insider, Coin Telegraph and Cryptocoin News. Aside from these sites, there are also many Twitter accounts that write about digital currencies, including @BitcoinRTs and @AltCoinCalendar.

Digital currencies aim to destroy the traditional currency and commodity markets. Although there is still a long way to go before these currencies, the success of bitcoins and Ethereum has proven that there is a real interest in this concept. Understanding the basics of investing in cryptocurrency will help you go in the right direction.

Over the last few years, people have been talking a lot about cryptocurrency. At first this business looked scary, but people started to trust it. You may have heard of ether and bitcoin. They are both cryptocurrencies and use blockchain technology for maximum possible security. These currencies are currently available in several types. Let’s learn more about that.

How can cryptocurrency help you?

As for fraud, this type of currency cannot be counterfeited as it is in digital form and cannot be canceled or counterfeited unlike credit cards.

Immediate settlement

Third parties are involved in the purchase of real estate, such as lawyers and notaries. Therefore, delays and additional costs may occur. On the other hand, bitcoin contracts are designed and executed for the purpose of including or excluding third parties. Transactions are fast and calculations can be done instantly.

Lower fees

Generally, a transaction fee is not charged if you want to exchange Bitcoin or any other currency. To verify the transaction there are minors who receive money online. Although the transaction fee is zero, most buyers or sellers use the services of third parties, such as Coinbase, to create and maintain their wallets. In case you didn’t know, these services work just like Paypal, which offers a web sharing system.

Detection of theft

Your seller will receive your full line of credit if you give him your credit card. This is true even if the transaction amount is very small. In fact, what happens is that credit cards operate on a “withdrawal” system when the online store withdraws the required amount from the account associated with the card. On the other hand, digital currencies have a “click” mechanism where the account holder sends only the required amount without additional information. Therefore, there is no possibility of theft.

Open access

According to statistics, the Internet is used by about 2.2 billion people, but not all of them have access to regular exchanges. This way, they can use the new payment method.

Decentralization

As for decentralization, an international computer network called Blockchain technology manages the Bitcoin database. In other words, bitcoin is administered by the network, and there is no central authority. In other words, the network operates on a peer-to-peer approach.

Recognition

Because cryptocurrency is not based on exchange rates, transactions or interest rates, you can use it internationally without any problems. This way, you can save a lot of time and money. In other words, bitcoin and other such currencies are recognized worldwide. You can count on them.

So, if you are looking for a way to invest your extra money, you may want to consider investing in Bitcoin. You can become a miner or an investor. However, make sure you know what you are doing. Security is not an issue, but it is important to remember other things. We hope you find this article useful.

Investing in the cryptocurrency market space can be a bit difficult for a traditional investor, as investing directly in cryptocurrency (CC) requires the use of new tools and the adoption of some new concepts. So, if you still decide to dive into this market, you will want to have a very good idea of ​​what to do and what to expect.

Buying and selling CC requires that you choose an exchange that offers the products you want to buy and sell, be it bitcoin, lightcoin or any of the more than 1,300 other tokens in the game. In previous editions, we have briefly described the products and services available on multiple exchanges to give you an idea of ​​the various offerings. There are many exchanges to choose from and they all do things their own way. Look for things that are important to you, such as:

– Deposit policy, methods and cost of each method

– Withdrawal policy and costs

– What fiat currencies do they work with for deposits and withdrawals

– The products they deal with, such as cryptocurrencies, gold, silver, etc.

– Transaction costs

– where is this exchange? (USA / UK / South Korea / Japan …)

Be prepared for the fact that the Exchange setup procedure will be detailed and lengthy, as exchanges usually want to know a lot about you. It’s like creating a new bank account because exchanges are brokers of valuables and they want to be sure that you are who you stand for and that you are a reliable person to deal with. It seems that “trust” is earned over time, as exchanges usually allow you to start with only small amounts of investment.

Your Exchange will store your CC in storage for you. Many offer “cold storage,” which simply means that your coins are stored offline until you show that you want to do something with them. There is quite a lot of news about stock market hacking and a lot of stolen coins. Think about the fact that your coins are in something like a bank account on the stock exchange, but remember that your coins are only digital and that all blockchain transactions are irreversible. Unlike your bank, these exchanges do not have deposit insurance, so remember that hackers are always trying everything they can to get your cryptocurrencies and steal them. Exchanges typically offer password-protected accounts, and many offer two-factor authorization schemes – something that should be seriously considered to protect your account from hackers.

Given that hackers love to hunt on the stock market and your account, we always recommend that you use a digital coin wallet. Moving coins between your Exchange account and your wallet is relatively easy. Be sure to choose a wallet that handles all the coins you want to buy and sell. Your wallet is also a device that you use to “spend” your coins from sellers who accept CC for payment. Two types of wallets – “hot” and “cold”. Hot wallets are very easy to use, but they leave your coins online, but only on your computer, not on an Exchange server. Cold wallets use standalone storage media such as dedicated hardware memory cards and simple hard copies. Using a cold wallet makes transactions more complicated, but they are the most secure.

Your wallet contains a “private” key that authorizes all transactions you want to initiate. You also have a “public” key used on the network so that all users can identify your account when engaging in a transaction with you. When hackers get your private key, they can move your coins anywhere, and it’s irreversible.

Despite all the challenges and wild volatility, we are confident that the underlying blockchain technology will change the game and change the way transactions are conducted.

All over the world, people’s life expectancy has grown by leaps and bounds. It has grown by 50% since the 1950s and by 30% since the 1980s. Gone are the days when only company-sponsored retirement plans were enough to spend your golden age peacefully and hassle-free.

Today, with the rise of other expenses such as housing, education, health care and more, some people are finding it increasingly difficult to postpone retirement.

Unfortunately, the bitter truth is that people of all generations from baby boomers to millennials don’t procrastinate enough to retire. Conservation is one of the world’s most underestimated epic crises.

“Retirement is difficult. It’s never too early or too late to start preparing for retirement.”

So people are trying to find alternative opportunities that provide them with higher profits in a shorter period of time. Traditionally, real estate, private capital and venture capital were wanted. Now new and more money and profitable investments have joined the picture – enter cryptocurrencies.

Investing in cryptocurrency – for those who do not want to put all their eggs in one basket

One of the biggest benefits of cryptocurrency investments is that they separate your portfolio from reserve currencies. For example, if you live in the UK, then in your retirement portfolio will definitely be shares of British companies, if you are engaged in capital. What will happen to your portfolio if the British pound collapses? And given today’s volatile political scenario around the world, nothing is known.

Therefore, investing in cryptocurrency makes the most sense. By investing in digital currency you effectively create a basket of digital coins that acts as an effective hedge or safe bet against the weakness of the reserve currency.

The average investor should allocate only a small portion of their retirement assets to a crypto, due to its volatility. But instability can cut both sides – think of the 1950s health care stocks and the 1990s technology stocks. The smart first investors made it big.

Don’t stay behind and don’t lose. Incorporate crypto into your assets to start creating a truly diversified portfolio.

Break the wall – strengthen confidence in cryptocurrencies

One of the biggest and main hurdles most cryptocurrency investors face is that they cannot trust digital currencies. Many, especially people who do not understand technology or are approaching retirement, do not understand what promotion is. Unfortunately, they cannot realize and appreciate the myriad possibilities of cryptocurrency.

The reality is that cryptocurrencies are one of the most reliable assets backed by the latest technology. Blockchain technology, which ensures the functioning of digital currencies, allows you to trade immediately and indelibly without the need for third-party verification. It is a peer-based system that is fully open and operates on advanced cryptographic principles.

Pension funds should work to demystify cryptocurrencies

To build trust and win people’s support, retirement plan funds need to inform investors about the endless potential of cryptocurrencies. To do this, they need advanced analytics to help provide a reliable analysis of risks, risk / return indicators and forecasts.

In addition, investment firms can set up specialized cryptocurrency advisory services to help and guide new investors. In the coming years, we can expect that several smart consultants based on artificial intelligence will appear on the scene – they will help calculate the right investment based on a person’s time horizon, risk tolerance and other factors.

Human advisors can work with these smart advisors and give clients personal advice and other suggestions as needed.

Need more visibility and comprehensive control

Retirement investors who want to add cryptocurrencies to their asset portfolio need more control and visibility when they experiment with this new asset. Look for platforms that allow you to combine all your assets in one place. An integrated solution that allows you to manage and balance all of your assets, including traditional ones such as bonds and stocks, with new asset classes such as cryptocurrency wallets.

Having such a broad platform that supports all your assets gives you a holistic portfolio analysis that will help you make better and informed decisions. This way, you are more likely to reach the ultimate goal – to save for your goals.

Look for investment planning portals that also provide additional features such as periodic cryptocurrency contributions at scheduled or unplanned intervals.

Advances in technology support for cryptocurrency investing

Investing in cryptocurrency will become mainstream only if assistive technology allows investors to trade coins without hindrance, even for new investors who are unaware of the know-how. The exchange of one digital coin for another or even for fiat currencies and other non-tokenised assets should be possible. If possible, this will eliminate intermediaries from the equation, thereby reducing costs and additional fees.

As technologies that support cryptocurrency investment and trading mature, the value of digital currencies will increase even more as the currency becomes mainstream with greater availability. This means that the first users expect huge benefits. As more and more retirement investment platforms integrate cryptocurrencies, the value of digital currencies is sure to increase, offering significant benefits to early users like you.

If you are wondering whether it will take several years for such retirement investment platforms to see the world, then you are wrong. Auctus is one such portal that is currently in the alpha phase of launch. It is the first pension portfolio of its kind to include digital currencies. Auctus users can get investment advice using both human and AI analytical tools.

Currently, users can defer retirement using Bitcoin, Ethereum and several other digital currencies. In addition, users can use the auto-rebalancing feature, which allows them to automatically adjust their portfolio using a set of predefined rules.

Such a holistic approach ensures that users can achieve their retirement goals earlier by making smart and right investment choices or decisions.

Last thoughts – You cannot ignore cryptocurrencies in your retirement portfolio

Yes, it is true that cryptocurrencies are very volatile. In fact, there is speculation on the Internet that “cryptocurrencies are nothing more than a quick roar scheme” and that the bubble is likely to burst soon.

Uncertainty does not mean that cryptocurrencies should not be part of your retirement portfolio, even if you have a short term investment. On the other hand, the current fall in cryptocurrency prices in 2018 means you have a rare opportunity to make a profit.

Greater confidence, the ability to holistically and directly control investment management, and advances in assistive technologies ensure that digital currencies become an excellent investment choice to include in your retirement portfolio.