4 Tips to Help You Enjoy a Successful Crypto Trading Career

Today, if you want to make a lot of money with Bitcoin, your best bet is to go trading instead of investing. All you have to do is buy and sell your coins and earn a small amount of profit after each sale. If you’re just starting out, you’ll have to start from scratch just like everyone else. If you play the game well, you can earn a lot of money in a short period of time. In this article, we have some tips that will help you enjoy a successful cryptocurrency trading career. Read on to find out more.
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There are many important things to consider if you are interested in making money with Bitcoin. It all depends on your experience and intelligence. Without further ado, let’s take a look at some tips that will help you make a lot of money and avoid some common mistakes.

1. Know the Risk First

This is one of the most common mistakes most traders make. If you are not aware of the risk involved in this trade, you should not go on this adventure. If you are not aware of the challenges, you might lose a lot of money.

Before investing your hard earned money, you may want to assess the risk. So this is one of the most important things to consider.

2. Diversify your investment
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When it comes to Bitcoin trading, we recommend that you diversify your investment. This applies to all types of investments. In other words, if you want to invest only in Bitcoin, you will be making a mistake. You should invest your money wisely in other cryptocurrencies.

This is important if you want to be on the safe side and cut your losses and turn them into profits.

3. Be Patient

Money doesn’t grow on trees. All traders enter the cryptocurrency world to make money. However, you cannot earn money immediately after buying your desired cryptocurrency. And then there is no guarantee that you will continue to make profits throughout your career. Therefore, you may be ready to deal with this type of situation.

4. Don’t be greedy

Finally, it is important to stay away from greed, as this is your biggest enemy when it comes to cryptocurrency trading. As Bitcoin prices keep changing, you need to be patient. It is not a good idea to be afraid of fluctuations and sell your coins immediately. So, if you are not patient, you cannot succeed in your career as a trader.


In short, these are some of the most helpful tips you can try if you want to succeed as a cryptocurrency trader. If you play the game well, you can make a lot of money in a couple of years if not months.


5 advantages of trading cryptocurrencies

When trading cryptocurrencies, you have to speculate whether your chosen market will go up or down in value. And the interesting thing is that you never own the digital asset. In reality, trading is done with derivative products like CFDs. Let’s take a look at the benefits of cryptocurrency trading. Read on to find out more.
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Although cryptocurrency is a relatively new market, it is quite volatile because speculative interest is short-lived. The price of Bitcoin fell to $5851 in 2018 from $19,378 in just one year. However, the value of other digital currencies is quite stable, which is good news.

What makes this world so exciting is the volatility of cryptocurrency value. Price movements present many opportunities to traders. However, this has many risks. Therefore, if you decide to explore the market, be sure to do your research and put a risk management strategy in place.

Business hours

Usually, the market is open for trading 24/7 because it is not regulated by any government. Moreover, transactions are made between buyers and sellers from all over the world. There may be brief outages when infrastructure updates are performed.

Improved liquidity

Liquidity refers to how quickly a digital currency can be sold for cash. This feature is important because it enables faster transaction times, better accuracy and better prices. Generally, the market is illiquid, as financial transactions take place on different exchanges. Therefore, small trades can lead to large changes in prices.

Leveraged exposure

Since CFD trading is considered a leveraged product, you can open a position on what we call “margin”. In this case, the value of the deposit is a part of the trade value. So you can enjoy great exposure to the market without investing a lot of money.

The loss or gain will reflect the value of the position at the time of closing. Therefore, if you trade on margin, you can make huge profits by investing a small amount of money. However, it also increases losses that can exceed your deposit in one trade. Therefore, be sure to consider the full value of the position before investing in CFDs.
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It is also important to ensure that you follow a sound risk management strategy, which should include appropriate limits and stops.

Fast account opening

If you want to buy cryptocurrency, make sure you do it through an exchange. All you have to do is sign up for an exchange account and store the currency in your wallet. Keep in mind that this process can be restrictive and require a lot of time and effort. However, once the account is created, the rest of the process will be quite smooth and uncomplicated.

Long story short, these are some of the prominent benefits of cryptocurrency trading in the here and now. Hopefully, you will find this article quite helpful.


Acceptance and Volatility – Are They Linked?

Governments and organizations around the world are paying more and more attention to Crypto Currencies (CC) and the technology that underpins them all – Blockchain. Some of the attention is negative, but on balance, it is clear that more and more attention is positive, supportive and exploitative. As the world of business and investment realizes a disruptive force, it is essential to analyze business processes in this new frontier and compare them to the relatively old, slow and expensive processes they have now. New technologies require new investment capital to grow, and with that growth comes leaps, false starts, and controversy.
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Developments in the CC and Blockchain world are coming fast and furious as governments and organizations strive to harness the technology, tax all profits, protect investments, and protect constituents and customers. Many seem to go in different directions when explaining why, and change direction frequently. Here are some recent developments that indicate that CCs and Blockchains are gradually gaining mainstream acceptance, but still struggle with regulation, control and stability:

  • Uzbekistan will publish plans to regulate Bitcoin in September 2018, with a Blockchain “skill center” set to begin operations in July.
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  • Kazakhstan has expressed its desire to copy Singapore’s Blockchain permit.
  • Belarus has announced that it wants to create a welcoming environment for Blockchain as an innovative financial transaction technology.
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  • Venezuela has created “PETRO”, a CC created to raise money as Venezuela approaches economic collapse. The hope is that it will be a way to deal with sanctions that prevent Venezuela from raising money in global bond markets. President Nicolas Maduro claims that PETRO raised $735 million on its first day, which is unproven. Maduro sees the PETRO as “the perfect kryptonite to defeat Superman” – an analogy to the sanctions imposed by the US, which he believes will free his country from the control of banks and governments. Perhaps he doesn’t see that PETRO was started by a government – his own.
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  • TD Canada Trust has become the first Canadian bank to join a number of UK and US banks in banning the use of credit cards to purchase CCs.
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  • South Korea is moving towards legalizing Bitcoin, stating that it will consider Bitcoin as a liquid asset. With South Korea at the forefront of the CC market, the impact of their decisions will be significant and global. Japan has already taken these steps, making Bitcoin trading more transparent, regulated and 100% legal.
  • BlackRock, the world’s largest investment firm, continues its positive predictions for CC, saying it sees “broader use” in the future.
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  • Romeo Lacher, president of the Swiss stock exchange, believes there are many advantages to releasing a cryptographic version of the Swiss franc, and his organization would be helpful, adding that he “doesn’t like money”.
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  • China’s largest online and brick-and-mortar retailer JD.com has announced the first four startups for its Al Catapult Blockchain incubation program. The Beijing-based program, which has seen candidates from as far afield as Australia and the UK, aims to use the company’s extensive Chinese infrastructure to develop new Blockchain and artificial intelligence applications.

With all the global activity going back and forth, it’s clear that Blockchain is the disruptive technology of this age, and CCs are just one aspect of the possibilities enabled. Just like the Internet investment boom of the 90s, Blockchain and CC investments will have winners and losers, however, we do not want this to become the giant bubble that so destructively burst with many early DOT COM investments in the 90s. What we want to see is a well-reasoned approach to Blockchain development and investment.
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Volatility will continue to be the norm in this market space for a long time as we see increasing adoption, innovation and regulation. Failures will happen and successes will emerge, forcing governments, organizations, investors and innovators to constantly adapt their processes and thinking. Volatility is normal and healthy at this stage.

Cryptocurrencies To Get Started

Investing in the cryptocurrency market space is complex, especially for traditional investors. This is because investing in Cryptocurrency directly requires using new technology, tools and adopting some new concepts.

If you decide to dip your toes into the world of CryptoCurrency, you need to have a clear picture of what to do and what to expect.

Be it Bitcoin, Litecoin, Ethereum or any of the 1300 tokens, buying and selling cryptocurrencies requires choosing an Exchange that deals in the products you want.

As the most famous decentralized cryptocurrency, Bitcoin dominates the crypto space so much that the terms crypto and bitcoin are sometimes used interchangeably. However, the point is that there are other cryptocurrencies for crypto investments.


Litecoin, also referred to as the “gold of silver Bitcoin”, is an open source decentralized payment network that works without the involvement of intermediaries.

How does Litecoin compare to Bitcoin? Well, both are similar in many ways, however Litecoin’s block generation is much faster than Bitcoin’s. This is opening investors around the world to accept Litecoin.

Charlie Lee, a former Google engineer founded Litecoin in 2011. Although Litecoin lacks the anonymity technology of Bitcoin, recent reports have shown that Litecoin is favored behind bitcoin due to its durability. Another factor that favors Litecoin is the Bitcoin SegWit technology, which means secure peer-to-peer currency trading without exchange participation.


Launched in 2015, Ethereum is a decentralized software platform that enables distributed applications and smart contracts to operate without third-party interference. The coin is like an accelerator within the ethereum platform. Ethereum’s top cryptocurrency sites. It is the second most preferred option after Bitcoin.


Zcash gained attention in the latter part of 2016 and focuses on solving the problem of anonymous transactions. To understand the currency, let’s consider “if bitcoin money is like HTTP, Zcash is HTTPS”.

The currency offers the option of protected transaction to maintain transparency, privacy and security of transactions. This means that investors can transfer data in the form of encrypted code.


Originally known as darkcoin, Dash is a more selective version of bitcoin. It was launched in January 2014 by Evan Duffield under the name Xcoin. Also known as Decentralized Autonomous Organization or simply DAO. The coin wanted to eliminate all the limitations that prevailed in Bitcoin. Today, Bitcoin has gained a prominent position in the cryptocurrency space.

Cryptocurrency is an alternative to virtual currency that promises secure and anonymous transactions through a peer-to-peer network. The key to making a lot of money is making the right investment at the right time. Compared to everyday money making, the cryptocurrency model works without involving any middle man as a decentralized digital mechanism. In this distributed cryptocurrency mechanism, continuous activity is issued, managed and accepted by the peer-to-peer network of the community. Cryptocurrency is known for fast transactions in any other form, such as digital wallets and other media.

Apart from the above, other major cryptocurrencies are Monero (XMR), Bitcoin Cash (BCH). EOS and Ripple (XRP).

Although Bitcoin is the trendsetter and the leader of the race, other currencies have also made their significant position and are growing in preference every day. Given the trend, other cryptos will have a long way to go and will soon give Bitcoin a real tough time to maintain its position.

If you have decided to make a speculative investment in this disruptive technology and want to have all current and future recommendations, connect with “The Top Coins”.

What is an ICO in Cryptocurrency?

An ICO is a short initial coin offering. When they launch a new cryptocurrency or crypto-token, developers offer a limited number of units to investors in exchange for other major cryptocurrencies like Bitcoin or Ethereum.

ICOs are amazing tools to quickly rain development funds to support new cryptocurrencies. Tokens offered in an ICO can be sold and traded on cryptocurrency exchanges, assuming there is sufficient demand to do so.

Ethereum is one of the most notable ICO successes and the popularity of Initial Coin Offerings is growing as we speak.

A brief history of ICOs

Ripple is likely to be the first cryptocurrency distributed through an ICO. In early 2013, Ripple Labs began developing the Ripple payment system and created approximately 100 billion XRP tokens. These were sold through an ICO to fund the development of Ripple’s platform.

Mastercoin is another cryptocurrency that sold 1 million tokens in an ICO, also in 2013. Mastercoin aimed to tokenize Bitcoin transactions and implement smart contracts, creating a new layer on top of the existing Bitcoin code.

Of course, there are other cryptocurrencies that have been successfully funded through ICOs. In 2016, Lisk raised about $5 million in its Initial Coin Offering.

However, Ethereum’s ICO in 2014 is probably the most notable to date. During their ICO, the Ethereum Foundation sold ETH for 0.0005 Bitcoin, raising nearly $20 million. Harnessing the power of smart contracts, Ethereum paved the way for the next generation of initial coin offerings.

Ethereum’s ICO, a recipe for success

Ethereum’s smart contract system has established the ERC20 protocol standard, which sets the ground rules for creating other enforceable tokens that can be transacted on Ethereum’s blockchain. This allowed others to create their own tokens, complying with the ERC20 standard that can be traded directly with ETH on Ethereum’s network.

The DAO is a prominent example of the successful use of smart contracts on Ethereum. The investment company raised $100 million worth of ETH and investors received DAO tokens in exchange, allowing them to participate in the governance of the platform. Unfortunately, the DAO failed after being hacked.

Ethereum’s ICO and its ERC20 protocol have defined the latest generation of crowdfunding blockchain-based projects through Initial Coin Offerings.

It was also very easy to invest in other ERC20 tokens. You simply transfer the ETH, stick the contract in your wallet and the new tokens appear in your account for you to use as you wish.

Of course, not all cryptocurrencies have ERC20 tokens living on the Ethereum network, but almost any new blockchain-based project can launch an Initial Coin Offering.

Legal status of ICOs

It’s a bit of a jungle when it comes to the legality of ICOs. In theory, tokens are sold as digital goods, not financial assets. Most jurisdictions have yet to regulate ICOs, so assuming the founders have a seasoned lawyer on their team, the entire process should be paperless.

However, some jurisdictions have become aware of ICOs and are already regulating them similarly to the sale of stocks and securities.

In December 2017, the US Securities and Exchange Commission (SEC) classified ICO tokens as securities. In other words, the SEC was gearing up to stop ICOs that they consider misleading investors.

There are some cases where the token is just a utility token. This means that the owner can use it to access a particular network or protocol, in which case it may be defined as financial security. However, equity tokens that appreciate in value are quite close to the concept of security. In reality, most token purchases are made specifically for investment purposes.

Despite the efforts of regulators, ICOs remain in a gray legal area and until a clearer set of regulations is in place entrepreneurs will try to profit from Initial Coin Offerings.

It is also worth noting that once the regulations reach their final form, the costs and effort required to comply may make ICOs less attractive compared to traditional funding options.

Last words

For now, ICOs remain an amazing way to fund new crypto-related projects and have had multiple successes with more to come.

However, keep in mind that everyone is launching ICOs these days and many of these projects are either scams or lack the solid foundation they need to thrive and be worth the investment. This is why you should definitely do your due diligence and research the team and background of any crypto project you want to invest in. There are several websites that list ICOs, do a Google search and you will find a few options. .

Risks of Bitcoin

Bitcoin Risks Investors Should Be Aware Of

One risk-Bitcoin’s volatility

Everyone knows how volatile bitcoin is and those who invest in it will see the value of this cryptocurrency fluctuate significantly. Unless you can handle the rise and fall of bitcoin, investing in bitcoin is not for you. Little is gained if losing your capital will cause you to lose sleep. I cannot stress enough the importance of using your discretionary spending money to play the cryptocurrency market.

What is discretionary spending?

This is money spent on travel, dining, entertainment, hobbies and sports.

You would never spend rent money or retirement savings on entertainment such as a day at the races, so you shouldn’t use that money to play the cryptocurrency market either.

Risk bi-Hacking

A company called “Cryptopia”, which was an online bitcoin trading platform, had funds invested in Bitcoin. It got hacked and everyone who had bitcoin invested with crypto lost their money. There were some sad stories about the large amount of money lost by some. individuals

It bears repeating that you should never play cryptocurrency with funds you cannot afford to lose or put too many eggs in one basket as many of these investors seem to have done.

The other thing I should add is that the actual amount of money lost by crypto investors is likely to be wildly inflated by the rise in the price of bitcoin. If someone invested $1,000 in bitcoin and this rose to $10,000 in a few years, they have a lot to lose. This person will be recorded as having lost 10k when in fact they have lost 1k.

Risk of losing three passwords

An Australian man is locked out of his bitcoin wallet because he can’t remember his password. The website that holds his bitcoin will permanently lock him out of his wallet after ten failed login attempts. He has done eight. He has more than 300k in his bitcoin wallet.

The lesson here is to write down your password and keep it in a safe place.

The other tip is to diversify your portfolio so you don’t lose too much in one fell swoop if something goes horribly wrong.

Risk four-Government controls

Governments have the ability to ban crypto trading; China has done just that. Several Chinese agencies have joined forces to ban what they describe as “illegal” cryptocurrency activity. This does not mean that other countries will follow suit, but it does show a point that governments have the power to do so.

Risk five-Tax

Two things are certain in life, death and taxes. Rest assured that at some point the taxman will want a piece of your bitcoin pie. Whether it’s in the form of Capital Gains Tax or the increased value of bitcoin. It’s worth remembering that if you’re being taxed on your bitcoin capital gains, it may be possible to get a tax refund on capital losses. A good accountant will advise you here.

Regardless of the capital gains you are investing in, keep in mind that when there is a potential for capital gains, there is also a capital loss. Investing in cryptocurrencies is risky, so it cannot be stressed enough that the money you invest in bitcoin should be money you can afford to lose.

Best ICO of 2018 – This Cryptocurrency Will Disrupt Wall Street

As we begin to see the rise of cryptocurrency trading, more and more new digital assets are being built every day. The concept of this is absolutely brilliant, only we are left with a big problem for many, they will find less and less real quality investment opportunities in the crypto market. It seems more and more public that only 15% of the major cryptocurrencies will retain a significant value over time.

The reality of the ICO is a new idea, but we need to see a big change unfold to offer the security seen with traditional investment tools. The fact that we are in a playing field where governments or authorities cannot regulate these digital assets opens the door to fraudsters and contrarians. This is the main problem with ICOs, even companies that may offer a legitimate product or service can end up wasting investors’ money and leaving token owners stuck with an asset that doesn’t really have any value. This is what the Dibbs ICO promises to solve along with many other promises, to change the state of the world through blockchain development.

Dibbs ICO is introducing to the public an erc20 token with some special features. These tokens are able to be sold to the issuer for payment in bitcoin or ether. This will be managed through smart contracts, which will increase the level of security for investors by providing a sure source for liquidating their holdings! The concept is simple and genius! The reason for this development is for Dibbs llc to demonstrate its ability to create digital assets that offer the same and certain benefits as traditional investments, but with higher returns, immediate liquidity and the ability to create new benefits that may be unique. to each token. This will be handled by Dibbs initially as they oversee the companies they want to launch on their platform, ensuring that what is promised is delivered as we implement the final phase of making the whole system self-sustaining.

With Dibbs token you are able to get a part of every offer that will be launched from this platform! That’s the added bonus behind the Dibbs token, it’s a no-brainer to see huge returns in the future. The point is that no other offer will ever come with such incredible benefits. With the release of Am altcoin through an ICO, a portion of the total supply is set aside and also used to pay Dibbs company for its asset production service. In turn, these holdings are distributed to Dibbs token holders in proportion to their holdings.

All I have to say is wow! I’ve gone ahead and made this company a focal point for my partners in the financial sector, and it’s been well received by all. I have personally invested over $5,000 USD in this offering by buying tokens at presale prices. The ICO won’t start until September 2018, but if you join today you’ll benefit greatly by saving up to 200%.

To learn more about this company, check out their website at http://dibbs.co.

Dibbs Coin Offer – dibbs.co

How does cryptocurrency gain value?

Cryptocurrencies are the latest “big thing” in the digital world and are now recognized as part of the monetary system. In fact, fans have labeled it as a ‘money revolution’.

In plain terms, cryptocurrencies are decentralized digital assets that can be exchanged between users without the need for a central authority, most of which are created through special computing techniques known as “mining”.

Currencies Acceptance of currencies such as the US dollar, British pound, and euro as legal tender is because they are issued by a central bank; digital currencies, however, such as cryptocurrencies, do not rely on the public’s trust and confidence in the issuer. As such, several factors determine its value.

Factors that determine the value of cryptocurrencies

Principles of a free market economy (mainly supply and demand)

Supply and demand is the main determinant of the value of anything of value, including cryptocurrencies. That is, if more people are willing to buy a cryptocurrency and others are willing to sell, the price of that particular cryptocurrency will rise, and vice versa.

Mass Adoption

Mass adoption of any cryptocurrency can shoot its price to the moon. This is because many cryptocurrencies have a limited supply and, according to economic principles, an increase in demand without an increase in supply will lead to an increase in the price of that particular commodity.

Multiple cryptocurrencies have invested more resources to ensure their mass adoption, with some focusing on the applicability of their cryptocurrencies to serious personal life issues, as well as everyday crucial cases, hoping to make them indispensable in everyday life.

Fiat Inflation

If a fiat currency, like the USD or GBP, becomes inflated, its price rises and its purchasing power falls. This will then cause cryptocurrencies (let’s use Bitcoin as an example) to increase relative to that fiat. As a result, with each bitcoin you will be able to acquire more of that fiat. In fact, this situation has been one of the main reasons for the rise in the price of Bitcoin.

History of Scams and Cyberattacks

Scams and hacks are also major factors affecting the value of cryptocurrencies, causing wild swings in valuations. In some cases, the group behind the cryptocurrency may be fraudsters; they will pump up the price of the cryptocurrency to attract unsuspecting people and when the hard earned money is invested, the scammers short the price and then disappear without a trace.

Therefore, it is essential to be wary of cryptocurrency scams before investing money.

Other factors to consider, which affect the value of cryptocurrencies, are:

  • How cryptocurrency is stored, as well as its availability, security, ease of access and cross-border acceptability

  • The strength of the community backing the cryptocurrency (including funding, innovation and member loyalty)

  • The low risks of cryptocurrency as perceived by investors and users

  • News sentiment

  • Market liquidity and cryptocurrency volatility

  • Country regulations (this includes banning cryptocurrencies and ICOs in China and accepting them as legal income in Japan)

Crypto Signal Services – Choosing the Best

Crypto trading can be profitable when the trader manages to keep an eye on the market around the clock. However, this is something that can be difficult to do, but fortunately, there are crypto signal services that can be used to provide the necessary support in trading. They provide signals so that traders can make the right decisions with their trades at the right time. Since cryptocurrency trading has become so popular, many crypto signal services have appeared. So how do you choose the best one to provide valuable information to make your trade the most successful?

Quality of service

It is one of the most important factors to consider when choosing services. The trading platform should have an impressive prediction success rate and should also provide important signals to guide you through trading and market trends. Signals must also be sent immediately so that they match actual market activity. Check that they generate signals as quickly as possible; it makes all the difference.


Remember that you will be trusting them to guide you with your trades, so you want to choose someone you can fully trust to make safe choices. This means that you should select a provider that is 100% legitimate. A provider that tells you how they generate their signals is more reliable whether they are expert traders or automated software. In a world full of scams, you want to be careful who you choose to work with.

Free trial

One of the best ways to tell if a provider is genuine is to offer a free trial of their services. This also applies when it comes to crypto trading. A provider that offers free signals for a certain period of time allows you to determine the quality and reliability of the service. By trying before you invest, you enter the services with full confidence and trust. Legitimate signs will not be a problem, giving you the freedom to decide to work with them or look elsewhere if you are not happy with what you get.


Even with a free trial, you will definitely need to subscribe to services at some point. Avoid providers offering signals for free as they may not be legitimate. However, you wouldn’t have to pay much for the subscription either. The price should be reasonable for the quality of service you want to enjoy. Do your math and do some research so you can make the right decisions in the end.


Apart from being available 24/7 for your support, they should be knowledgeable about digital currency exchanges and the application they offer you. Without this kind of support, you will have trouble enjoying the value that the services are trying to add to you.

Getting Started with Crypto

Investing in the Crypto Currency market space can be a little overwhelming for the traditional investor, as investing directly in Crypto Currency (CC) requires using new tools and embracing some new concepts. So if you decide to dip your toes into this market, you want to have a very good idea of ​​what to do and what to expect.

To buy and sell CCs, you need to choose an Exchange that deals in the products you want to buy and sell, be it Bitcoin, Litecoin or the 1300+ other tokens in the game. In previous editions we have briefly described the products and services available in some exchanges, to give you an idea of ​​the different offers. There are many exchanges to choose from and everyone does things their own way. Find things that are important to you, such as:

– Deposit policies, methods and costs of each method

– Withdrawal policies and costs

– Which fiat currency they use for deposits and withdrawals

– The products they sell, such as crypto coins, gold, silver, etc

– Costs of operations

– Where is this Exchange? (USA / UK / South Korea / Japan…)

Be prepared for a detailed and lengthy Exchange setup procedure, as Exchanges generally want to know a lot about you. It’s similar to opening a new bank account, as Exchanges are brokers of value, and they want to make sure you’re who you say you are and a trustworthy person to deal with. “Trust” seems to be earned over time, as Exchanges usually only accept small investment amounts to begin with.

Your Exchange will store your CCs for you. Many offer “cold storage”, which means your coins are kept “offline” until you indicate you want to do something with them. There are many news that exchanges have been hacked and many coins have been stolen. Think of your coins as sitting in an Exchange bank account, but remember that your coins are digital only and all blockchain transactions are irreversible. Unlike your bank, these Exchanges do not have deposit insurance, so be aware that hackers are always out there trying their best to get and steal your Crypto Coins. Exchanges generally offer password-protected accounts, and many offer two-factor authentication schemes – something to seriously consider to protect your account from hackers.

Considering that hackers love to capture Exchanges and your account, we always recommend using a digital wallet for your coins. It is quite easy to move coins between your Exchange account and wallet. Make sure you choose a wallet that handles all the coins you want to buy and sell. Your wallet is also the device you use to “spend” your coins with merchants that accept CC for payment. The two types of wallets are “hot” and “cold”. Hot wallets are very easy to use, but they expose your coins to the Internet, but only on your computer, not on the Exchange server. Cold wallets use offline storage media such as specialized hardware memory sticks and simple paper printing. Using a cold wallet makes transactions more difficult, but they are the most secure.

Your wallet contains a “private” key that authorizes all transactions you wish to initiate. You also have a “public” key that is shared online so that all users can identify your account when they engage in a transaction with you. Once hackers get hold of your private key, they can take your coins wherever they want, and it’s irreversible.

Despite all the challenges and wild volatility, we are confident that the underlying blockchain technology is a game changer and will revolutionize how transactions are done going forward.