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What cryptocurrencies are good to invest in?

This year, the value of Bitcoin has soared, even above one ounce of gold. There are also new cryptocurrencies in the market, which is even more surprising, increasing the value of cryptocurrencies to more than a hundred billion. On the other hand, the long-term outlook for cryptocurrency is somewhat clouded. There is controversy about the lack of progress among the core developers, which makes it less attractive as a long-term investment and as a payment system.
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Bitcoin

Still the most popular, Bitcoin is the cryptocurrency that started it all. It is currently the largest market cap of around $41 billion and has been around for the past 8 years. All over the world, Bitcoin is widely used and so far there is no exploitable weakness in the way it works. As both a payment system and a store of value, Bitcoin allows users to easily receive and send Bitcoins. The blockchain concept is the foundation upon which Bitcoin is based. It is necessary to understand the concept of blockchain to get an idea of ​​what cryptocurrencies are.
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Simply put, blockchain is a database distribution that stores each network transaction as a piece of data called a “block”. Every user has blockchain copies, so when Alice sends 1 Bitcoin to Mark, every person on the network knows it.

Litecoin

An alternative to Bitcoin, Litecoin attempts to solve many of the problems holding Bitcoin back. It is not as stable as Ethereum, with its value mostly due to solid user adoption. It’s worth noting that Charlie Lee, a former Google employee, runs Litecoin. He also practices transparency with what he does with Litecoin and is quite active on Twitter.
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Litecoin was second fiddle to Bitcoin for quite some time, but things started to change in early 2017. First, Litecoin was accepted by Coinbase along with Ethereum and Bitcoin. Litecoin then fixed Bitcoin’s problem by adopting Segregated Witness technology. This enabled him to lower transaction fees and do more. However, the deciding factor was when Charlie Lee decided to focus solely on Litecoin and even left Coinbase, where he was the Director of Engineering, just for Litecoin. Because of this, the price of Litecoin has risen in the last few months, the strongest factor being the fact that it can be a real alternative to Bitcoin.
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Ethereum

Vitalik Buterin, a superstar programmer, invented Ethereum, which can do everything Bitcoin can do. However, its main purpose is to be a platform for building decentralized applications. Blockchains are where the differences between the two lie. Basically, the Bitcoin blockchain records a type of contract that indicates whether funds have been moved from one digital address to another. However, there is significant expansion with Ethereum as it has a more advanced scripting language and has a more complex, wider range of applications.
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Projects began to spring up on Ethereum as developers began to notice its better qualities. Through token sales, some have even raised millions of dollars and this is still an ongoing trend even today. The fact that you can create wonderful things on the Ethereum platform makes it almost like the Internet itself. This caused the price to skyrocket so that if you bought a hundred dollars worth of Ethereum at the beginning of this year, it would not be valued at almost $3000.
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Monero

Monero aims to solve the problem of anonymous transactions. Even if this currency is perceived as a money laundering method, Monero aims to change that. Basically, the difference between Monero and Bitcoin is that Bitcoin has a transparent blockchain, with every transaction being public and recorded. With Bitcoin, anyone can see how and where money has been moved. However, there is a somewhat imperfect anonymity of bitcoins. In contrast, Monero has an opaque rather than a transparent transaction method. No one is completely sold on this method, but since some people love privacy for any purpose, Monero is here to stay.
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Zcash

Unlike Monero, Zcash also aims to solve the problems that Bitcoin has. The difference is that instead of being completely transparent, Monero is only partially public in its blockchain style. Zcash also aims to solve the problem of anonymous transactions. After all, not everyone likes to show how much money they actually spent on Star Wars memorabilia. Thus, the conclusion is that this type of cryptocurrency does have an audience and a demand, although it is difficult to say which cryptocurrency that focuses on privacy will ultimately come out on top of the heap.
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Bancor

Also known as a “smart token”, Bancor is a new generation cryptocurrency standard that can support more than one token in reserve. Basically, Bancor tries to facilitate the trading, management and creation of tokens by increasing their level of liquidity and allowing them to have a market price that is automated. Bancor currently has a front-end product that includes a wallet and smart token creation.
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There are also community features such as statistics, profiles and discussions. In short, the Bancor protocol enables the discovery of an embedded price as well as a liquidity mechanism for smart contract tokens through an innovative reserve mechanism. Through a smart contract, you can instantly liquidate or purchase any of the tokens in Bancor’s reserve. With Bancor, you can create new cryptocurrencies with ease. Who wouldn’t want that?
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EOS

Another Ethereum competitor, EOS promises to solve Ethereum’s scaling problem by providing a set of tools that are more robust for launching and building applications on the platform.
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Tezos

An alternative to Ethereum, Tezos can be consensually upgraded without much effort. This new blockchain is decentralized in the sense that it is self-governing by creating a true digital community. It facilitates a mathematical technique called formal verification and has features to enhance the security of the most financially sensitive smart contract. Definitely a great investment in the coming months.
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Judgment

It is extremely difficult to predict which Bitcoin on the list will become the next superstar. However, user acceptance has always been a key success factor when it comes to cryptocurrencies. Both Ethereum and Bitcoin have this, and even if there is great support from early adopters of each cryptocurrency on the list, some have yet to prove their durability. However, these are the ones to invest in and watch out for in the coming months.
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Are you planning to start your own cryptocurrency exchange platform?

If we look at the most impactful development in recent times, the first thing that comes to mind without a doubt is cryptocurrency. People have made huge profits by investing in cryptocurrencies like Bitcoin and others at the right time. Many people have also been able to prosper by simply providing a cryptocurrency exchange platform to investors to trade cryptocurrencies.

Setting up an exchange is pretty easy. but you should know a few basic things before starting your own exchange.

Let’s take a look at them –

Do you have a target audience in mind?

One of the most important things to consider before creating any business platform is to understand your target audience. It’s the same case here.

When you plan to create a Bitcoin exchange platform, the first thing you need to analyze and understand is the audience you will be targeting.

For example, in the case of bitcoins, you can target both local and global audiences. So you need to understand who your target audience is and then plan your development process. Why is this important? Well, you will learn about it in the following sections.

Do you understand the legal terms?

The second thing to consider is the legal terms you will have to follow.

There is a huge buzz surrounding the legal aspects related to cryptocurrency, but you may be surprised to know that there are 96 countries where Bitcoin transactions are still unrestricted.

So creating a cryptocurrency exchange platform targeting these countries might turn out to be the best idea.

Remember to always thoroughly review the legal guidelines in effect in the area you plan to operate from.

Do you have a partner bank?

Another thing to remember here is that you will need a partner bank. The simple reason behind this is that you will be dealing with financial transactions.

To ensure that financial transactions run smoothly and seamlessly, you need to ensure that you have the right support in the form of a partner bank.

Therefore, you should contact several banking institutions to see if they can help you and understand their terms and conditions.

Do you have the right platform development partner?

The most important step in the process is to find the right specialist who can help you develop a secure platform. The reason why we specifically mentioned the term secure is because the huge popularity of cryptocurrency has made these exchanges the first target for hackers.

To ensure that your reputation doesn’t take a hit due to something untoward, you should focus on creating a secure platform. You can easily achieve this by hiring an experienced developer who knows all the ins and outs of the industry.

For example, they can test the platform by mimicking a malware attack and see how your cryptocurrency exchange platform stands up to it.

Conclusion

This last point summarizes the main things you should keep in mind when planning to build a cryptocurrency exchange platform for yourself. Once these questions are answered, you can easily proceed with development and profit.

But be sure to take all necessary legal, compliance and security measures if you want to be in this game for the long haul.

So are you ready?

7 advantages of cryptocurrency

Cryptocurrency is a digital alternative to using credit cards or cash to make everyday payments in a variety of situations. It continues to develop as a viable alternative to traditional payment methods, but it still needs to become more stable before it is fully accepted by ordinary people. Let’s take a look at some of the many benefits of using cryptocurrency:

Fraud – Any issue of fraud is minimized as cryptocurrency is digital which can prevent reverse or counterfeit payment. This type of action can be a problem with other traditional payment options such as credit card due to chargebacks.

Identity Theft – You don’t need to give out personal information that could lead to identity theft when using cryptocurrency. If you use a credit card, the store receives a lot of information related to your credit line, even for a very small transaction. Also, credit card payment relies on a withdrawal transaction where a specific amount is required from an account. When paying in cryptocurrency, the transaction is push-based, giving the account holder the option to send only the exact amount due without any additional information.

Versatile use – a cryptocurrency payment can easily be made to meet certain conditions. A digital contract can be created to make a payment that is executory at a future date, to refer to external facts, or to obtain approval from a third party. Even with a special contract, this type of payment is very fast and efficient.

Ease of access – the use of cryptocurrency is widely available to anyone with access to the Internet. It is becoming very popular in some parts of the world, such as Kenya, where nearly 1/3 of the population uses a digital wallet through the local microfinance service.

Low Fees – It is possible to complete a cryptocurrency transaction without having to pay any additional fees or charges. However, if a digital wallet or third-party service is used to hold the cryptocurrency, there will likely be a small fee.

International trade – this type of payment is not subject to country-specific levies, transaction fees, interest rates or exchange rates, making it possible to make cross-border transfers with relative ease.

Adaptability – with nearly 1,200 unique types of cryptocurrency on the global market, there are many options for using a payment method that fits specific needs. While there are many uses for the coins for everyday use, there are also those designed for a specific use or in a certain industry.

What is Bitcoin and its features?

Introduction to Bitcoin

Bitcoin is an advanced form of currency that is used to buy things through online transactions. Bitcoin is not tangible, it is completely controlled and made electronically. One should be careful when contributing to Bitcoin as its price is constantly changing. Bitcoin is used for various currency exchanges, services and products. Transactions are done through a computerized wallet, so transactions are processed quickly. All such transactions have always been irreversible as the identity of the customer is not revealed. This factor makes it a bit difficult to decide on transactions through Bitcoin.

Features of Bitcoin

Bitcoin is faster: Bitcoin has the ability to arrange installments faster than any other mode. Usually, when transferring cash from one side of the world to the other, it takes a bank a few days to complete the transaction, but in the case of Bitcoin, it only takes a few minutes. This is one of the reasons why people use bitcoins for various online transactions.

Bitcoin is easy to set up: Bitcoin transactions are done through an address that each customer owns. This address can be set easily without going through any of the procedures the bank takes while creating a record. Address creation can be done without any changes or credit checks or inquiries. However, any customer who wants to consider contributing should always check the current price of Bitcoins.

Bitcoin is anonymous: Unlike banks, which keep a complete record of their customers’ transactions, Bitcoin does not. It does not monitor customers’ financial records, contact details or other relevant information. A Bitcoin wallet usually does not require significant data to operate. This feature raises two points of view: first, people think it’s a good way to keep their data away from a third party, and second, people think it can trigger dangerous activity.

Bitcoin cannot be rejected: When someone sends bitcoins to someone, there is usually no way to get the bitcoins back unless the recipient feels the need to return them. This feature ensures that the transaction will be completed, meaning that the beneficiary cannot claim that they never received the money.

Bitcoin is decentralized: One of the main characteristics of Bitcoin is that it is not under the control of a specific administrative expert. It is administered in such a way that every business, individual and machine involved in exchange verification and mining is part of the system. Even if part of the system goes down, money transfers continue.

Bitcoin is transparent: Although only an address is used to make transactions, every Bitcoin exchange is recorded on the blockchain. That way, if someone’s address has ever been used, they can tell how much money is in the wallet through Blockchain records. There are ways one can increase the security of their wallets.

Has cryptocurrency become every Indian’s dream investment?

Rich rewards often come with big risks, and the same is true of the highly volatile cryptocurrency market. Uncertainty in 2020 globally has led to increased interest of the masses and large institutional investors in cryptocurrency trading, a new age asset class. Increasing digitization, a flexible regulatory framework and the lifting of the Supreme Court’s ban on banks working with crypto-based companies have parked investments of more than 10 million Indians in the past year. Several major global cryptocurrency exchanges have been actively exploring the Indian crypto market, which has seen a sustained surge in daily trading volume over the past year amid a major price decline as many investors looked to buy value. As the cryptocurrency craze continues, many new cryptocurrency exchanges have sprung up in the country that enable buying, selling and trading by offering functionality through user-friendly apps. WazirX, India’s largest cryptocurrency trading platform, doubled its users from one million to two million between January and March 2021.

What is driving the world’s largest crypto exchanges to the Indian market?

In 2019, Binance, the world’s largest cryptocurrency exchange by trading volume, acquired the Indian trading platform WazirX. Another crypto startup, Coin DCX has secured investment from Seychelles-based BitMEX and San Francisco-based giant Coinbase. Crypto and blockchain startups in India have attracted investments of US$ 99.7 million till June 15, 2021, which amount to about US$ 95.4 million in 2020. In the last five years, global investments in the Indian crypto market have increased by as much as 1487%.

Despite India’s unclear policies, global investors are placing huge bets on the country’s digital coin ecosystem due to various factors such as

• Tech-savvy Indian population

The overwhelming population of 1.39 billion is young (average age between 28 and 29) and tech-savvy. While the older generation still prefers to invest in gold, real estate, patents or stocks, the newer ones are embracing high-risk cryptocurrency exchanges as they are more adaptable to them. India ranks 11th in Chainalysis’ 2020 Global Crypto Adoption Report list, indicating the excitement for crypto among the Indian population. Neither the government’s friendly attitude toward crypto nor the rumors swirling around crypto can shake the confidence of the young population in the digital coin market.

India offers the cheapest internet in the world, where one gigabyte of mobile data costs around $0.26, while the global average is $8.53. So, almost half a billion users benefit from affordable internet access, increasing India’s potential to become one of the largest crypto economies in the world. According to SimilarWeb, the country is the second largest source of web traffic to peer-to-peer bitcoin trading platform, Paxful. While the mainstream economy is still struggling with the “pandemic effect”, cryptocurrency is gaining momentum in the country as it provides the young generation with a new and fast way to earn money.

It is safe to say that cryptocurrency can become to the Indian millennium what gold is to their parents!

• Rise of fintech startups

The cryptocurrency craze has led to the emergence of numerous trading platforms such as WazirX, CoinSwitch, CoinDCX, ZebPay, Unocoin and many more. These cryptocurrency exchanges are highly secure, cross-platform accessible, and allow instant transactions, providing a friendly interface for crypto enthusiasts to buy, sell, or trade unlimited digital assets. Many of these platforms accept INR for purchases and trade fees as low as 0.1%, so the simple, fast and secure platforms represent a lucrative opportunity for both first-time investors and local traders.

WazirX is one of the leading cryptocurrency exchange platforms with over 900,000 users that provides customers with peer-to-peer transaction capabilities. CoinSwitch Kuber provides the best cryptocurrency exchange platform for Indians and is perfect for both beginners and everyday people. Unocoin is one of the oldest cryptocurrency exchange platforms in India, representing over one million traders through mobile applications. CoinDCX provides users with 100+ cryptocurrencies as an option to exchange and even provides investors with insurance to cover losses in the event of a security breach. So, global investors are looking at the plethora of cryptocurrency exchange platforms in India to take advantage of the emerging market.

• Mixed government response

A legislative bill regarding the ban against virtual currency, which would criminalize anyone involved in the possession, issuance, mining, trading and transfer of crypto-assets, may become law. However, Finance and Corporate Affairs Minister Nirmala Sitharaman eased the concerns of some investors by saying that the government had no plans to completely ban the use of cryptocurrency. In a statement made to a leading English newspaper Deccan Herald, the finance minister said, “On our part, we are very clear that we are not closing all options. We’re going to allow people to do certain windows to experiment with blockchain, bitcoin, or cryptocurrency.” It’s clear that the government is still carefully examining the national security risks posed by cryptocurrencies before deciding to impose an outright ban.

In March 2020, the Supreme Court overturned the central bank’s decision to ban financial institutions from trading in cryptocurrencies, prompting investors to flock to the cryptocurrency market. Despite the continued fear of a ban, transaction volumes continued to grow, and user registrations and cash flows on the local crypto exchange became 30 times more than a year ago. One of the oldest exchanges in India, Unocoin added 20,000 users in January and February 2021. Zebpay’s total volume per day from February 2021 became equivalent to the volume generated in the entire month of February 2020. Turning to the scenario with cryptocurrency in india, Finance The minister said in an interview with CNBC-TV18: “I can only give you this idea that we are not closing our minds, we are looking for ways in which experiments can happen in the digital world and cryptocurrency.”

Instead of standing on the sidelines, investors and stakeholders want to make the most of the proliferation of the digital coin ecosystem until the government implements the ban on “private” cryptocurrency and declares a sovereign digital currency.

Is India Moving Towards Financial Inclusion With Cryptocurrency?

Once considered a “boys club” due to the overwhelming involvement of the male population in the cryptocurrency market, the ever-increasing number of female investors and traders has led to greater gender neutrality in the new and digital form of investment methods. Earlier, women used to stick to traditional investments, but now they are starting to take risks and venture into the crypto space in India. After the Supreme Court clarified the legality of the “virtual currency”, the Indian cryptocurrency platform, CoinSwitch witnessed an exponential increase of 1000% in female users. Although women investors still constitute a small percentage of the crypto community, they are creating fierce competition in the Indian market. Women tend to save much more than their male counterparts, and more savings means more investment diversity, such as high-return assets like cryptocurrencies. Also, women are more analytical and better at assessing risks before making the right investment choice, so they are more successful investors.

Increasing mainstream institutional adoption of cryptocurrencies

The uncertainty and panic caused by SARS-Covid 19 led to a liquidity crisis even before the economic crisis began. Many investors turned their holdings into cash to protect their finances, causing Bitcoin and altcoin prices to crash. But even though crypto suffered a major crash, it still managed to be the best performing asset class of 2020. With the increased vulnerability of the system and the loss of confidence in central bank policies and money in its current design, people have an increased appetite to digital currencies, which led to a resurgence of cryptocurrency. Due to the cryptocurrency’s stellar performance in the midst of the global financial crisis, the upward trend has boosted interest in the virtual currency market in Asia and the rest of the world.

In addition, to fuel society’s demand for convenient and reliable transaction solutions, digital payment gateways such as PayPal have also shown their support for cryptocurrencies that can allow users to hold, buy or sell with virtual assets. Recently, Tesla CEO Elon Musk announced a USD 1.5 billion investment in the cryptocurrency market and that the electric company will accept Bitcoin from buyers, which caused the international price of Bitcoin to jump from USD 40,000 to USD 48,000 in within two days. Two of the largest payment platforms in the world, Visa and Mastercard, also support cryptocurrencies by presenting them as a means of making transactions. While Visa has already announced that it will allow stablecoin transactions on the Ethereum blockchain, Mastercard will begin crypto transactions sometime in 2021.

What does the future hold for the cryptocurrency market in India?

The Indian cryptocurrency market is not immune to the horrific crypto crashes. Despite huge investments from global partners, local investors are still keeping their distance from crypto investments due to uncertainty about the legality of India’s digital coin ecosystem as well as high market volatility. Although the cryptocurrency market has been booming since last year, Indians own less than 1% of the world’s bitcoins, creating a strategic disadvantage for the Indian economy. The Indian government plans to appoint a new panel to look into the possibility of regulating digital currencies in the country, as well as focus on blockchain technology and suggest it for technological improvements.

Blockchain technology’s ability to provide a secure and immutable infrastructure has been realized by various industries to bring transparency to transactions. For a country with over 15 million crypto adherents, the new recommendation from the committee could be of great value in determining the future of cryptocurrency in India. However, stakeholders believe that technical and economic power will make India a key player in the crypto and blockchain market. Cryptocurrency is gradually gaining mainstream acceptance, which may lead to greater adoption of digital currency.

According to another TechSci Research report on “Cryptocurrency Market in India By Supply (Hardware & Software), By Process (Mining & Transactions), By Type (Bitcoin, Etgereum, Bitcoin Cash, Ripple, Dashcoin, Litecoin, Others), By End User (Banking, Real Estate, Stock Market & Virtual Currency) , By Region, Forecast and Opportunities, 2026″, Indian cryptocurrency is expected to grow at a significant CAGR due to increasing demands for transparency and reduction in transaction costs. Additionally, growing adoption of digital currency and growing blockchain technology are fueling the cryptocurrency market in India.

Practical tips on how to trade cryptocurrencies

I have been closely watching the performance of cryptocurrencies for some time to get a feel for where the market is headed. The routine that my elementary school teacher taught me – when you wake up, pray, brush your teeth and eat breakfast has shifted a bit to waking up, praying and then going online (starting with coinmarketcap) just to know which cryptos assets are in the red.

The start of 2018 has not been great for altcoins and related assets. Their performance was crippled by bankers’ frequent opinions that the crypto bubble was about to burst. However, ardent followers of cryptocurrency are still HODLing and frankly, they are reaping big profits.

Bitcoin recently bounced back to almost $5,000; Bitcoin Cash approached $500, while Ethereum found peace at $300. Virtually every coin was struck except for the newcomers who were still in the excitement stage. As of this writing, Bitcoin is back on track and trading at $8,900. Many other cryptocurrencies have doubled since the start of the uptrend, and the market cap is $400 billion from a recent peak of $250 billion.

If you are slowly warming up to cryptocurrencies and want to become a successful trader, the tips below will help you.

Practical tips on how to trade cryptocurrencies

• Start modestly

You’ve heard that cryptocurrency prices are skyrocketing. You’ve also probably gotten the news that this uptrend may not last long. Some skeptics, mostly respected bankers and economists, generally label them as get-rich-quick schemes with no solid foundation.

Such news can cause you to invest hastily and fail to apply moderation. A little analysis of market trends and currencies to invest in can guarantee you good returns. Whatever you do, don’t invest all of your hard earned money in these assets.

• Understand how stock markets work

I recently saw a friend of mine post a feed on Facebook about one of his friends who went on to trade a stock market that he had no idea how it worked. This is a dangerous move. Always review the site you intend to use before you sign up or at least before you start trading. If they provide a dummy account for you to play with, then take this opportunity to learn what the dashboard looks like.

• Don’t insist on trading everything

There are over 1400 cryptocurrencies to trade, but it is impossible to handle them all. Spreading your portfolio across a huge number of cryptocurrencies than you can effectively manage will reduce your profits. Just select a few of them, read more about them and how to get their trading signals.

• Stay sober

Cryptocurrencies are volatile. This is both their curse and their blessing. As a trader, you must understand that wild price fluctuations are inevitable. Not knowing when to make a move makes one an ineffective trader. Use hard data and other research methods to be sure when to execute a trade.

Successful traders participate in various online forums where cryptocurrency discussions are held regarding market trends and signals. Of course, your knowledge may be sufficient, but you must rely on other traders for more relevant data.

• Diversify meaningfully

Virtually everyone will tell you to expand your portfolio, but no one will remind you to work with real-world currencies. There are some crappy coins you can deal with for some quick cash, but the best cryptocurrencies to work with are the ones that solve existing problems. Real-world coins tend to be less volatile.

Don’t diversify too early or too late. And before you make a move to buy a crypto-asset, make sure you know its market capitalization, price changes, and daily trading volumes. Maintaining a healthy portfolio is the way to reap big profits from these digital assets.

Beginner’s Guide: An Introduction to Cryptocurrencies

Introduction: To Invest in Cryptocurrencies

The first cryptocurrency to emerge was Bitcoin, which was built on Blockchain technology and was probably launched in 2009 by a mysterious person, Satoshi Nakamoto. At the time of writing this blog, 17 million bitcoins have been mined and it is estimated that a total of 21 million bitcoins can be mined. The other most popular cryptocurrencies are Ethereum, Litecoin, Ripple, Golem, Civic and hard forks of Bitcoin such as Bitcoin Cash and Bitcoin Gold.

Users are advised not to put all their money into one cryptocurrency and try to avoid investing at the peak of the cryptocurrency bubble. It has been observed that the price suddenly dropped when it was at the top of the crypto bubble. Since cryptocurrency is a volatile market, users should invest the amount they can afford to lose as there is no government control over cryptocurrency as it is a decentralized cryptocurrency.

Steve Wozniak, co-founder of Apple predicted that Bitcoin is real gold and will dominate all currencies like USD, EUR, INR and ASD in the future and become the world currency in the coming years.

Why and why not invest in cryptocurrencies?

Bitcoin was the first cryptocurrency to emerge and after that around 1600+ cryptocurrencies were launched with some unique features for each coin.

Some of the reasons I experienced and would like to share, cryptocurrencies are built on the decentralized platform – so users don’t require a third party to transfer cryptocurrency from one destination to another, unlike fiat currency where the user needs a platform like a bank to transferring money from one account to another. Cryptocurrency built on very safe blockchain technology and almost zero chance of hacking and stealing your cryptocurrencies as long as you don’t share your important information.

You should always avoid buying cryptocurrencies at the highest point of a cryptocurrency bubble. Many of us buy cryptocurrencies at their peak hoping to make a quick buck and fall prey to the hype of the bubble and lose our money. It is better for users to do a lot of research before investing the money. It is always good to put your money in several cryptocurrencies instead of one as few cryptocurrencies have been observed to grow more, some on average, if other cryptocurrencies go into the red zone.

Cryptocurrencies in focus

In 2014, Bitcoin held 90% of the market and other cryptocurrencies held the remaining 10%. In 2017, Bitcoin still dominated the crypto market, but its share fell sharply from 90% to 38%, and altcoins such as Litecoin, Ethereum, Ripple grew rapidly and took most of the market.

Bitcoin still dominates the cryptocurrency market, but it is not the only cryptocurrency to consider while investing in cryptocurrency. Some of the main cryptocurrencies to consider:

Bitcoin

Litecoin

pulsations

Ethereum

Throne

Civil

A big one

Monero

Where and how to buy cryptocurrencies?

While it was not easy to buy cryptocurrencies a few years ago, now users have many platforms available.

In 2015, India has two main bitcoin platforms Unocoin wallet and Zebpay wallet where users can buy and sell only bitcoins. Users should only buy Bitcoin from the wallet and not from another person. There was a price difference in the buying and selling rate and users had to pay some nominal fee to make their transactions.

In 2017, the cryptocurrency industry grew tremendously and the price of Bitcoin skyrocketed, especially in the last six months of 2017, which forced users to look for alternatives to Bitcoin and crossed 14 lakhs in the Indian market.

As Unodax and Zebpay are the two major platforms in India that dominated the market with 90% of the market share – which only dealt with Bitcoin. This enables other organization to grow with other altcoins and even forced Unocoin and others to add more currencies to their platform.

Unocoin, one of India’s leading cryptocurrency and blockchain companies, has launched an exclusive UnoDAX Exchange platform for its users to trade multiple cryptocurrencies apart from trading Bitcoins on Unocoin. The difference between the two platforms was – Unocion provided instant buying and selling of Bitcoin only, while in UnoDAX, users can place an order in any available cryptocurrency and if it matches the recipient, the order will be fulfilled.

Other major exchanges available for cryptocurrency trading in India are Koinex, Coinsecure, Bitbns, WazirX.

Users have to open an account with any exchange by registering with an email address and submitting the KYC details. Once their account is verified, one can start trading coins of their choice.

Users should do their research before investing in coins and avoid falling into the cryptocurrency bubble trap. Users should explore the exchange’s reliability, transparency, security features, and more.

All exchanges charge some nominal fee for each transaction. There are two types of fees – creation fee and claim fee. Apart from the transaction fee, one has to pay the transfer fee if you want to transfer your cryptocurrencies to another exchange or your personal wallet. The fees depend solely on the coins and the exchange as different exchange has a price difference module to transfer the coins.

Major altcoins other than Bitcoin

As mentioned above, Bitcoin dominates the market with 38% market share, followed by Ripple, Ethereum, Litecoin, Bitcoin Cash. Exchanges like UnoDAX, Bitfinex, Kraken, Bitstamp have listed many other coins like Golem, Civic, Raiden Network, Kyber Network, Basic Attention, 0X, Augur, Monero, Tron and many more. If any of the coins matches your portfolio, you should buy it.

But you should invest the money in the market that you can afford to lose because the cryptocurrency market is very volatile and no government has control over it.

When should I buy?

There is no hard and fast rule when to buy your favorite cryptocurrency. But the stability of the market must be examined. You shouldn’t, except at the peak of a cryptocurrency bubble or when the price is constantly crashing. Always the best time is considered when the price is stable at a relatively low level for some time.

A method of storing cryptocurrencies

Before buying any cryptocurrency, you need to understand how to keep your cryptocurrency safe.

Generally, all exchanges provide storage facilities where you can store your coins safely. One should not share one’s username, password, 2FA when holding cryptocurrency on exchanges.

Paper wallet, hardware wallet, software wallet are some of the channels where one can store his cryptocurrency.

Paper Wallet: A paper wallet is an offline cold storage method to keep your cryptocurrency. It prints your private and public key on a piece of paper where a QR code is also printed. One has to simply scan the QR code for their future transactions. Why is it safe? No need to worry about your account being hacked or being attacked by malicious malware. You just need to keep your piece of paper in a safe place in a locker and, if possible, keep two to three pieces of paper in the wallet, all under your complete control.

Hardware Wallet: A hardware wallet is a physical device where you store cryptocurrency safely. There are many forms of hardware wallet, but a commonly used hardware wallet is USB. When you keep your cryptocurrency in a hardware wallet, you just have to keep in mind that you should not lose your hardware wallet because once it is lost, you cannot recover your cryptocurrency.

One famous incident where a person mined over 7000 bitcoins and stored it in his hardware wallet and stored it in another hardware wallet. One day he dropped the hardware wallet in which he stored his cryptocurrency instead of damaged hardware and lost all his bitcoins.

What can be bought from cryptocurrencies in India?

Most people assume that buying and selling any cryptocurrency is only for investment and getting high returns in the long and short term. Bitcoin influencers and investors believe that in the coming years, Bitcoin will dominate all fiat currencies and be accepted as an international currency.

Dell is one of the largest e-commerce businesses accepting Bitcoin as payment. Expedia and UNICEF are other examples.

In India, Sapna Book Mall accepts Bitcoin as payment using the Unocoin merchant service. People booked movie tickets through BookMyShow or recharged their mobile phone through the Unocoin platform. According to the report, they have stopped the service but plan to start it again in the near future.

Conclusion:

Cryptocurrency is one of the growing investment sectors and has given good returns from real estate, gold, stock markets, etc. in the past. You can buy the cryptocurrency and hold it long term to get good profits or go short term for a quick profit as we have seen many coins grow 1000%+ in the past. Because cryptocurrency is a volatile market and there is no government control over the industry. One should invest the amount in any cryptocurrency that one can afford to lose.

You can store your cryptocurrency in a hardware wallet, paper wallet, software wallet if you don’t want to hold on the exchange you trade from.

How Cryptocurrency Trading Software Helps Grow Your Crypto Platform

Cryptocurrency trading software package is an integrated management system for all aspects of cryptocurrency trading platform, such as all types of crypto buying, selling, exchanging, lending, MLM and affiliate management, converting, comparing and analyzing the live market, etc. .n.

Important features to consider:

Buy, sell and exchange: Nishue is the impressive trading management system that offers a smooth and secure methodology for your users to effortlessly buy, sell and exchange cryptocurrencies.

Lending System Management: This system is completely convenient for brokerage, there is a management system for the crypto lending service, such as creation, offer management, maintenance and moderation, etc.

Unique Administration Module: Nishue contains a secure and advanced administration module to control your cryptocurrency exchange end-to-end.

Separate Client Profile: A separate client profile module that helps your users easily track and verify all open deposit or withdrawal orders, records, transactions, etc. with just one click.

MLM and Affiliate Management: These marketing-ready automation tools make it easy to manage your affiliate commission, contribution history, and documents by level.

Market comparison and converter: Two additional systems are integrated for live crypto comparison, conversion and depth analysis.

How cryptocurrency trading software helps grow your crypto platform:

Coin Deposit and Withdrawal: A crypto trader has to support huge deposit and withdrawal requests on a daily basis. Trading utility software to manage your activity with its auto-setting algorithm.

Coin Package and Loan Offer: Keep your various coin packages and loan offer available to the customer. You can create, manage and promote your offer using a well-designed package.

Level Commission: If you are following the MLM strategy of rewarding your affiliates and worried about determining their commission? Ok, it’s ready to automatically calculate their commission according to the level.

Notification and Risk Management: Every crypto trading platform should organize a targeted notification system to keep itself and its client informed about many worrisome issues, thereby helping to eliminate risk. In this case, the system design is completely perfect.

Multiple Payment Gateway: You can integrate your cryptocurrency wallet, local currency, Payeer Even mobile banking system as a payment method within this software to make your transaction seamless.

Daily, Weekly and Monthly ROI: Are you worried about maintaining the ROI as you said. This cryptocurrency trading management software can automatically calculate ROI, commission and more according to your instructions.

Free Responsive Website: Must have integrated a fully responsive, SEO optimized dynamic website with our system and is completely free. This will help you run your enterprise smoothly.

Crypto Comparison, Conversion and In-Depth Analysis: Live crypto market cap and coin converter add system is integrated for live crypto comparison, conversion and in-depth analysis

100% Secure System: The trading software is designed keeping the security issue in mind. Secure integer framework, two factor authentication and many other security systems are implemented in this cryptocurrency trading software.

The absolute package exclusively for spot cryptocurrency trading that allows users to trade Bitcoin, Bitcoin Cash, Ethereum and Litecoin through Coinbase. Built on the same technology that powers Nishue software, it includes proven market-leading tools developed over 25 years to provide both professional and active cryptocurrency traders with a better experience than what is currently available. offers from other crypto-only trading solutions.

A Beginner’s Guide to Crypto Currency Exchange

A cryptocurrency exchange or digital currency exchange is a business that involves exchanging cryptocurrency for other assets, such as money or another digital currency. It is a web service that provides electronic transactions in electronic forms and collection of fees for them.

All transactions or operations to Digital Currency Exchange can be done by debit and credit cards, postal money order or any other type of money transfer. This article is to discuss the various cryptocurrency exchanges that facilitate cryptocurrency trading for beginners and what they offer in terms of availability, ease of use, security, deposit/withdrawal methods, and fees. We hope this cryptocurrency trading guide can help you get started with cryptocurrency trading.

Coinbase/GDAX

Coinbase is one of the largest cryptocurrency exchanges based in San Francisco, California. It is available in 32 countries and currently serves over 10 million customers. Launched in 2012, it has an easy-to-use interface that makes Digital Currency Exchange an easy task for a non-technical person. Also available for iOS and Android. Unfortunately, Coinbase does not provide cryptocurrency mining for beginners and is only an exchange.

It currently offers four coins, Bitcoin, Bitcoin Cash, Ethereum and Litecoin. It exchanges digital currency with US dollars, euros and British pounds. With minimal transfer fees, Coinbase has never had a security breach, making it an ideal digital currency exchange platform. In addition to this, Coinbase also offers a fully developed advanced exchange called GDAX. It offers more advanced features and different and better trading fees than Coinbase.

Bitstamp

Bitstamp is another platform that provides digital currency exchange. It is relatively easy to use and offers more advanced features through TradeView. Bitstamp offers coins like Bitcoin, Litecoin, Ethereum, Bitcoin Cash and ripple. It exchanges digital currency with US dollars and Euros. You can put into practice all the latest cryptocurrency trading techniques on this exchange.

It offers fixed deposits through bank transfers and supports debit/credit cards. Perhaps the only downsides to be found with Bitstamp are the slightly high fees and the fact that it has suffered one security breach in 7 years of operation. However, it is one of the most reliable exchanges. It is available on both iOS and android.

Gemini

Gemini is a UK-based company founded in 2015 by the Winklevoss twins. It is available in several countries including the US, Canada, Hong Kong, Singapore and South Korea. One of the disadvantages of this platform is that it is not very user-friendly. So it is not recommended for beginners to use this platform.

It offers two coins and 1 FLAT currency Bitcoin Cash, Ehtereum and USD. Gemini follows strict protocols when it comes to security and has not encountered a single security breach as of 2018, making it one of the most secure and reliable digital currency platforms. However, it is important to have digital currency investing strategies before you start trading.

Digital bookmarks

Digital ticks is a modern crypto exchange that aims to change the game in this sector. They have implemented many of the latest techniques that make it easy for anyone to start trading.

It has a unique feature called Single Portfolio View that will allow traders to view all positions held in a single portfolio. It would be easy for traders to make informed decisions about cryptocurrency exchange using this unique feature. It also supports Bitcoin, Ethereum, Litecoin and Dashcoin.

Kraken

Kraken is one of the oldest cryptocurrency exchange platforms. Launched in 2011, kraken is the largest exchange in terms of volume and liquidity for euro trading pairs. Serves worldwide, including the US.

Kraken offers a variety of coins including Bitcoin Cash, Ethereum, Monero, Augur, Litecoin and many more. It also supports deposits/withdrawals via bank transfers and cryptocurrencies. Having a not so friendly interface, it also suffers from stability and performance issues, but it is still a good cryptocurrency exchange platform.

Bitfinex

Bitfinex is the largest cryptocurrency exchange platform. Launched in 2012, it has an easy-to-use interface and offers advanced number of features like margin trading, margin financing, etc. It is available for both iOS and android platforms. It offers BTC, BCH, ETH, LTC, IOTA, XMR and NEO.

Just like previous cryptocurrency exchanges, it supports withdrawals using USD and EUR through bank transfers. Bitfinex suffered two security breaches, the first in May 2015, which resulted in a loss of $330,000. And the second in August 2016, which resulted in a loss worth $72 million.

EtherDelta

EtherDelta is a decentralized exchange that directly supports peer to peer connection. It is very different from the previously discussed cryptocurrency exchange platform. Here, funds are stored in a smart contract on the Ethereum network, from which you are fully responsible for depositing and withdrawing. Currently, EtherDelta only supports Ehtereum based tokens.

EtherDelta has a rather confusing interface that makes it difficult for users to perform cryptocurrency exchange operations. In one case, someone tried to buy 750 Kyber for 0.007 ETH each, but ended up buying 0.007 KNC at 750 ETH.

Conclusion

After looking at the various cryptocurrency exchange platforms, we can safely say that Coinbase and Bitstamp stand out in terms of their good features such as security, user-friendly interface, multiple withdrawal/transfer methods and much more.

I wouldn’t call them perfect, but I would suggest that this is the safest bet you can make. Each cryptocurrency exchange platform is unique in its own way and has both advantages and disadvantages. We just have to choose the one that suits our needs. We hope this guide to basic cryptocurrency exchanges and trading will give you a head start on your cryptocurrency trading journey.

A Beginner’s Guide to Owning Bitcoin Cryptocurrency

Bitcoin cryptocurrency is spreading all over the world whether you are on the internet or any other media. This is one of the most exciting and craziest things to happen in just the last few years. More importantly, you can earn great returns by trading Bitcoin or you can keep it for the long term.

You may have heard about stocks, commodities, forex, and now a new currency called bitcoin trading that is greatly affecting our lives. In this beginner’s guide to Bitcoin cryptocurrency, you will be introduced to the Bitcoin alphabet.

About bitcoin cryptocurrency

The origin of Bitcoin is still unknown, but in October 2008, an article was published under the pseudonym Satoshi Nakamoto, held by Japan. His identity is still unknown and he is believed to own approximately one million bitcoins worth over $6 billion as of September 2017.

Bitcoin is a digital currency known as cryptocurrency and is free from any geographical boundaries. It is not regulated by any government and all you need is an internet connection. As a beginner, Bitcoin technology can be confusing and a bit difficult for you to know about. However, I will help you understand more deeply and how you can make your first Bitcoin trade with peace of mind.

The Bitcoin cryptocurrency works on blockchain technology, which is a digital public ledger and is shared by everyone in the world. You will find your transactions here when you do any bitcoin trade and anyone can use the ledger to verify them. The transaction made will be fully transparent and verified by blockchain. Bitcoin and other cryptocurrency are part of blockchain and are a great technology that only works on the internet.

Key Terms Related to Bitcoin Cryptocurrency

Before you are ready to own your first bitcoin, it is better to know the basic terms related to bitcoins. It is also called as BTC which is part of Bitcoin and 1 Bitcoin is equal to 1 million bits. With the advent of Bitcoin, some other alternative cryptocurrencies have also developed. These are popularly called altcoins and include Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Monero (XMR) and many others.

XBT and BTC are the same thing and are usually abbreviated to bitcoin. Mining is another commonly used term and is actually a process performed by computer hardware for the Bitcoin networks.

Things you can do with Bitcoin

You will be able to trade, transact, receive and store bitcoins. You can send it to your friends, request a friend and store it in your digital wallet. Even now you can recharge your mobile/DTH directly by paying through Bitcoin.

The transaction cost is low compared to PayPal, credit cards and other online intermediaries. Moreover, it also protects your privacy which can be leaked on the internet while using credit cards. It is extremely secure and no one can confiscate or steal coins. Due to its transparency in the system it is also not possible to manipulate due to the shared public ledger. You can confirm the transaction from anywhere and at any time.

Demand is likely to increase as the total production of Bitcoins will be limited to only 21 million. Japan has already legalized it and other countries may follow soon and the price may rise even more.

I will cover more about Bitcoin in detail in the coming days where you will learn great things about Bitcoin trading. You can comment your opinions and ask anything related to Bitcoin.

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