Every cryptocurrency investor will arrive at the point where he or she will choose a cryptocurrency trading platform among dozens that can be found on the internet. It’s a big decision that shouldn’t be taken lightly. Also, there are several important factors you have to take into account. How Much Are The Fees? Fees in a crypto exchange should strike a fine balance between not being too high nor being too low. Exchanges who are offering users too cheap a transaction cost are either not legitimate or lack robustness in terms of security. In the same vein, you wouldn’t be…
Author: Cristina Macias
It’s hard not to look at the hype cryptocurrencies have brought into today’s times. You could be tempted to invest all your savings into Bitcoin without knowing about its volatility. Those who are on the fence about crypto should take a look at these 4 facts before diving into the digital asset. You Should Always Read the Crypto’s White Paper Other than Bitcoin, it’s always worth the time you take to research about a particular asset before putting down money for it. All the specifics about a cryptocurrency is available in its white paper. It’s a document that lays out…
Cryptocurrencies have become so popular that it has spawned a lot of buzz and myths that are looked upon as truths. Traders and investors should be able to know these 5 myths before putting down capital in the crypto market. Cryptocurrency is Bad for the Environment Cryptocurrencies are digital assets with no physical shape or size whatsoever. One way to obtain them is by mining, or using a hardware to solve complex tasks and getting a bit of the cryptocurrency in exchange for it. Not just any machine can mine cryptocurrency- it has to be powerful and thus, consume a…
Buying Bitcoin may seem like a daunting task, but the truth is it’s no different than buying a product on Amazon or any other e-commerce shop. Whether as an investment, for trading or as a keepsake, here’s how you can buy the amount of Bitcoin you want this 2021. Step 1. Pick a Crypto Exchange A cryptocurrency exchange is where you can hold, sell and buy cryptocurrency. It’s recommended you start with one that allows quick transfers to your personal wallet for safekeeping. Cryptocurrency exchanges vary from decentralized to ones that require a user account. The most popular ones are…
Among the hundreds of cryptocurrencies circulating around the market, two names- Bitcoin and Ripple are the most prominent in terms of liquidity, potential and application. Which is better, XRP or BTC? Let’s compare both of them below. An Introduction to Ripple It’s easy to confuse Ripple with XRP, but they are two different entities. Ripple is the company that created XRP, which is a digital asset. Ripple changed course and became a platform for money transfers. XRP was designed as an intermediary between two cryptocurrency networks. Ripple has its roots in the real world and is backed by financial institutions…
Bitcoin has become one of the hottest commodities the world has ever seen, and as a result there have been several untruths created by both uneducated and well-meaning people regarding the digital asset. Here are 5 Bitcoin myths and the real facts behind them. Bitcoin Will Take Over Cash Cryptocurrency enthusiasts often gush about how Bitcoin will be the ‘future of currency’, even going so far as claiming that it will replace cash and other traditional payment methods such as credit cards down the line. There’s a bit of truth here, largely due to the movement of cashless apps such…
Did you know that you can make money with cryptocurrency? Yes, it’s true! The market is booming with investors and people who want to get into the crypto bandwagon. Armed with a capital, a working knowledge of how trading works and tools like yuan pay group you’ll be making bank in no time. Here are 5 strategies to make money with the digital asset. Trading Trading is just one of the many ways you can make money on the internet, but it’s a very popular endeavor coming into 2021. The good news is that this method is very easy to…
Cryptocurrency trading is shaping up to be the preferred method for 2021. Not only does it offer a convenient access gateway for investors, but can also be profitable if you know what to do. Before anything else, here’s how you can set up a crypto trading asset for 2021. Understanding Cryptocurrency Trading Crypto trading comes with a lot of risks, but one way you can mitigate them is to get a deeper understanding of what you’re getting into. Crypto trading, in a sense is buying and selling cryptocurrencies with the goal of making a profit. Traders complete actions, e.g., buying…
Before putting down the capital for a Bitcoin investment it’s recommended that you become familiar with what Bitcoin is, where it can be exchanged and how fast its transaction speed is. Here is a short guide to get you started. What is Bitcoin? Bitcoin is a type of cryptocurrency that has only been in the market for around a decade. Cryptocurrencies are digital assets that exist only in the world wide web, and there are currently thousands of them. The most popular though is Bitcoin. Initially, Bitcoin was meant to be an asset that could be exchanged between owners and…
If you’re a firm believer of making money from oil then you may want to invest your money in oil futures. Oil future is a type of security where the holder is guaranteed a specific price for the commodity. The security will be honored as long as it’s exercised by the specified settlement date. Making money is much like trading- you sell the security to those who want to purchase oil. When oil prices increase then you can sell it and turn in a profit in the end. Here’s a quick look on what you can expect when you put…