Category Archive : Guides

Cryptocurrency Trading Works

What Are Cryptocurrencies and How Cryptocurrency Trading Works

By now, almost any person with access to internet must be aware of the term “Cryptocurrencies”. If the answer is yes, and it should be, then they would definitely know about Bitcoin (BTC) or Ethereum (ETH). If you do not know exactly what they mean then allow me to elaborate the topic around cryptocurrencies and their trades.

Advent of Cryptocurrencies

Today, almost every person who is linked with online trading knows very well about crypto signals. Even a common person who uses internet for basic usage would also have an idea about cryptocurrencies. However, cryptocurrencies were not always as popular as they are today. In today’s time, cryptocurrencies are one of the major online trading instruments that the traders/investors have available to perform trades and make profits.

It was back in 2008 when the concept of a cryptocurrency was introduced by (still) an anonymous personality known as Satoshi Nakamoto. He is the same person who was responsible for introducing the first-ever cryptocurrency to the entire trading world that is known as Bitcoin (BTC).

Idea behind Cryptocurrencies

Although every country has its own fiat currency, then why someone would need cryptocurrencies and what was main purpose behind the creation of cryptocurrencies. The idea was present by Nakamoto on a white paper where it was told that cryptocurrencies will be fully decentralized, meaning that there will be no intermediary or central governing entity such as banks or other financial institutions.

The idea was to give the ownership of a person’s personal and financial information back to the particular person. It would be the users who would have full authority over the information they would want to share with others and they would not be bound by any restrictions or conditions in order to gain access to such currencies.

Trading Through Cryptocurrencies

When the industry was launched back in 2009 where Bitcoin (BTC) was the first cryptocurrency, it had no value or worth in the market. The main reason was distrust from the mainstream institutions as well as investors who were not into the idea of mining or trading in cryptocurrencies. As it was a unique and new technology, the majority of the investors were skeptical about the industry.

However, with time, the industry started becoming comprehensible and understandable as the cryptocurrency exchanges providing services similar to the ones provided by Forex, Stocks, Indices, or Commodity brokerages.

Today, with Bitcoin price going above 60,000 USD, the cryptocurrency industry is enormous and has a market capitalization of over $2 trillion, which makes it the only industry that is in the $2 trillion pool alongside Apple, the tech giant.

How People Can Trade Through Cryptocurrencies?

There was a time when Bitcoin (BTC) was the only cryptocurrency in the entire crypto-verse but now, there are more than 8,000 cryptocurrencies and each currency offers different prices, demands, valuations, and even unique services.

Over time, cryptocurrency trading has become similar to that of forex trading where the traders used to trade in pairs of fiat currencies. In cryptocurrency trading, the traders have the ability to trade among cryptocurrencies as well as fiat currencies.

Therefore, a person interested in cryptocurrencies can choose a cryptocurrency of their choice and then compare its market price as that of USD or any other currency they prefer. Trading in cryptocurrencies solely depends on how much a person wishes to invest or can afford to invest.

There are people who are investing a hundred dollars at the least and at max, in billions. This is because the cryptocurrency industry has grown enormous and highly profitable in the past couple of years and everyone wants to profit it.

Major Cryptocurrencies to Trade In

As mentioned earlier, there are currently more than 8,000 cryptocurrencies being traded. However, not every cryptocurrency promises to bring in decent profits. This is where one needs to be aware as to which cryptocurrencies they need to invest in.

At present, some of the major cryptocurrencies one needs to look out for are Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Litecoin (LTC), Ripple (XRP), Polkadot (DOT), and Cordana (ADA). These are some of the most promising cryptocurrencies that investors are going for and have been making huge profits out of them.

Keep In Mind

Although the cryptocurrency industry seems to be flying high and extremely profitable, yet there are always risks. Even if you visit a crypto-trading brokerage, you would find a disclaimer that trading in cryptocurrencies is riskier than forex or any other kind of trading. The major reason is that there is too much going on in the industry every single moment and the industry is too volatile as well as unregulated. This is the reason why, one must always remain cautious and do their homework before they get into trading.

Read more: Cryptocurrency Types & How is it Traded

binence crypto exchang

Why Binance Is Popular Among Crypto Exchange Platforms?

If there is any crypto exchange platform trading with the highest volume, it is Binance. The crypto exchange trades with more than 150 virtual assets from all around the world. Just a few years ago, Binance came up with its own coin, Binance Coin, which is now one of the top traded cryptocurrencies. People always go for this option because they know it is quite reliable. Several attacks have occurred on Binance but it recovered itself all the time. At present, there are millions of customers on this platform and many are still joining it. There are many reasons why Binance is popular among all the other crypto exchanges. Below, we will learn all of them. 

Why Binance Is Popular Crypto Exchange Platform

Just recently, Binance has partnered with Simplex, a notable payment processing firm. Simplex has been in business for years and it is performing well in the payment industry. With an alliance of Binance and Simplex, you will be able to purchase virtual assets efficiently with a credit card from the website immediately.

Binance is trying to expand more and Simplex will help it reach out to as many people as possible to the crypto world. During a conference, the CEO said that he wants to boost the reach of more expeditious services so that people can trade without any obstacle. The crypto exchange platform strives to eliminate a rift that has been rising between crypto business and payment organizations. Until now, no one has done such a partnership. Presently, the processing capacity of Binance is enormous and it can do it with millions of orders every second. It is also one among those where actual Bitcoin price actions take place. You can easily buy Bitcoin on Binance as most of the miners give their cryptos here.

Binance is now taking care of fiat options and if you are dealing with euros or pounds, you can benefit from Binance. je. In case you are from Uganda, you can use shillings with Binance Uganda. In these ways, the crypto exchange platform is trying to reach all the corners that are yet to be approached in the crypto domain. If someone focuses on developing a fiat gateway, in most cases, a crypto business will boom. This is because cryptocurrencies have not reached every dimension of the global population. Many people do not have access to even third-party payment solutions. The only thing they have is fiat that helps them buy and sell things. 

Security Feature From The Crypto Exchange

Another primary reason why Binance is popular is because of its security for the crypto HOLDers. Binance focuses a lot on securing crypto accounts and it brings new features so that hackers could not get into them. Firstly, it recommends choosing a strong password while signing up. A strong password can make it difficult, if not impossible, for hackers to breach into your crypto wallet.

Next, Binance implements two-factor authentication. This security feature is an important one because it has been the best practice in the world of security itself. With 2FA, Binance can use either your Google account or text for authentication. Make sure you enter the correct number so that you would not face any problem further. Just put your key to reset if you are sending your two-factor authentication to another smartphone.

Now, among a Google account and text, the former one is more secure. When you are choosing authentication with text, you may be a victim of SIM Swapping. In this technique, the user’s SIM is anonymously replaced. Many people have become victims of SIM swapping. You can choose to go for Google account authentication as it is the most reliable method of securing your account. After creating an account, you can buy crypto on Binance. Many people ask how to buy crypto on Binance. There is absolutely no big deal in that. Make your payments with cryptos and buy cryptos. Binance is not accepting fiats from many countries. However, it is trying to reach them to deal with their traditional currencies. You can easily pay cash if the crypto exchange allows you to do so in your region. After completing the payment, the cryptos will be in your account within a few minutes. Binance is very quick in crypto trading. 

Conclusion

So, I have described all about why Binance is popular. Before knowing how to use Binance, you should know why you should trade with it. Binance offers the most user-friendly interface and no new trader will have a problem with it. It started just a few years ago and within that duration, it is expanding all around the world. There are many crypto exchanges like Bitfinex, Kraken, Coinbase, Poloniex, etc. However, none of them is comparable to this one. Binance puts its best efforts to secure your crypto account. You will have the most satisfying experience while trading with this platform.

Bitcoin Transaction

How to Confirm Unconfirmed Bitcoin Transaction?

Bitcoin (BTC) was created to perform as peer-to-peer money. Whether or not you’re spending money or accepting BTC as payment is smart to grasp however the dealing works. Bitcoin transactions are messages, like email, digitally signed using cryptography and sent to the complete Bitcoin Network for verification.

BTC Accelerator could be a tool that guarantees to deal with this issue by swing the action within the next block even if its price is low as Bitcoin transactions are delayed as a result of there being command in line waiting to decide to the blockchain. There’s a transaction fee related to every Bitcoin transfer. Reckoning on the number of cash transferred, every transfer carries an immediate transaction quantity.

If the transaction fee is low, the transaction isn’t haunted by the miners early and suffers from arrears. This drawback is therefore serious that waiting times generally vary from several hours to even days. Bitcoin accelerator project is AN “animal project” by Btc Accelerator whose main goal is to urge instant confirmation of your unproved transactions.

If your transaction is not confirmed, you always ought to wait. Most transactions are completed each day or 2. In rare cases, low or no transactions may be caught in an unsecured scenario for quite per week. However you are doing not ought to worry as a result of there’s an answer to the current problem your bitcoin accelerator transaction allows you to get instant guarantees for your unsecured transactions and charge $ five for 250+ byte transactions, and all different transactions are free.

Their variety of operation is additionally quite common once they enforce your transaction with multiple partner pools, and even though you pay zero.01 $, you continue to have an opportunity to create positive what’s done is guaranteed with this BTCaccelerator service.

During the confirmation period, you will see a small stopwatch icon. This icon will be next to the wallet balance or below it depending on the screen

The stopwatch icon means the transaction has not yet been confirmed. The transaction will display as Receiving or Sending until it confirms. Before you can spend the funds, the transaction must confirm. The confirmation time is not controlled by bitpay.

To check the confirmation status of a transaction

  1. Open the Bit Pay app.
  2. Choose a case that has sent or received the money.
  3. Tap pending action.

Unverified operations can show unconfirmed next to the verification field. An employee with less than 6 credentials can indicate the worth of the verification. An employee with over 6 credentials can show 6+ as a verification number.

  • Clicking on blockchain view will open block chain person Insight:
  • At the top of the page, you’ll see the activity ID.

Below Details you’ll see the transaction addresses:

  • On the left, you’ll see the address (or addresses) that sent the cash.
  • The address of the show is shown on the proper. Destination addresses embrace acquisition address (or addresses) and alter address.
  • The receiving address belongs to the fund that received the payment.
  • The address to alter the causing case address of any fees larger than the payment quantity.

Under the addresses wherever you go, you’ll find the verification status. Verification status is also verified or shows a verification number. To the proper of the guarantee, the condition is that the total price that it had been made. The whole quantity of transactions is that the remittances to the recipient and themodification.

Increase Sales through PPC Ads

How to Increase Sales through PPC Ads in 2020?

Google has currently released various best updates of PPC. There are about eighteen updates in Google Ads and about four changes in the advertising of Microsoft. The great announcement is that either you are a marketer or from an agency, these great rends will lead you to be in one of the greatest upleading PPC games to the extent level.

Update 1

All-new AI (Artificial Intelligence)

As we all know, artificial intelligence is on its way to a new change, and the economy is in great impact towards its reach. As per the PPC, artificial intelligence will give allowance to all the marketers for the creation of the most effective kinds of campaigns of the ad. Such a thing will be useful in various kinds of ways. It will give the prediction of CTR for future ads. The quality scores will be provided too.

Update 2

Ads Data Hub

With the ongoing advancements, pixel technology will not be able to do the tracking of effective ads by mobile devices as Google has given the announcement for the stoppage of third party tracking of a pixel due to security purposes. Such a tracking limitation can go into the industry discussion in many forms.

Update 3

Masthead of YouTube on TV Screens

Television has been here as the fastest screen growing for the YouTube purpose. It includes more than millions of hours from its daily watch, by the use of YouTube Masterhead, which is a billboard in digital form. It is placed on the home page of YouTube for about a whole day. It will autoplay after some seconds on all of the devices of compatible ones by which the feed placement and many more things can be checked easily. The advertisers can be checked for the betterment and the YouTube app on TV screens.

Update 4

 Automation of PPC

As being one of the greatest trends in PPC, the advertisement for 2020 will appear as automation. The industry is in prediction for the expansion of the rapid generation. There has been one of the largest segments for the process of automation. As it is not that new in the PPC, the testing is a bit new in this field. The evidence here came up as for the optimization of PPC campaigns, which is ready to be adopted by the experts of PPC. It stops the low access ads and gives the best generating results in the field.

Update 5

Video Ads

Along with such an update, businesses will be able to get the vertical ads of video. Many more marketers will get links here for the production of video ads. Marketers will get to start with the linking of products in the ads of video. The Instagram Stories will continue for further domination. The great feature added by Google is the Bumper Machine, which does use machine learning for the creation of bumper ads by the large videos. The incorporation by the marketers will do the link started in the video ads. Such a feature is great to have for PPC.

Update 6

Smart Bidding

It is a type of subset which is for the building of various strategies which does the use of machine learning for better optimization. The AL system of Google optimizes in an automatic form, and it ads the conversion way of goals by setting them in a manual form. In every auction, it tells the figuration of smart bidding on how you can figure each of them- the generating of new leads as well as the customers for the cost in the desired form. You will get a great return on investment on which you will spend. The conversion rate can easily be increased too.

Update 7

Smart Segmentation

Mobile apps are being generated to billions of revenue in the present year. It came in the year 2019, by helping the developers of the gaming app for generating revenue by the nonspending players. Ads will be shown to the players who need to have in-app purchases. It will protect with the ongoing form and will lead to purchasing with no ad visibility. The Google AdMob will lead to smarter analytics and will show to the best of it by reporting features and much more for new insights which will improve the app.

Update 8

Voice Search

Typing and then searching have been an old form of thing. With the technological advancements and many more things, you can go for the various types of hassles and can lead to issues of it. By such a thing it is necessary to go with the best use and best outcome in a sensible way. The voice search option gives the greater need by searching anything in voice and knowing how you can have a solution for it. Know the best usage of it and even use it for yourself.

Update 9

Reality ads

It is necessary to have real ads for a better solution. The greater the real ads are, the more traffic you will get. For such a kind, have a better need in a good value. It will help the users in gaining traffic and needs to the best form for the people. To understand such things it is to be known for own.

Update  10

Other PPC platforms

In such a manner, various PPC platforms have been released for the new users. They will get to know new things by which gaining traffic will be easy. It will lead to having a better platform for having a new way for it. Such platforms are for the betterment of users as they can have the use of other ways in the best kind of use.

Conclusion

Here we discussed the various new updates that have come in the year 2020. Since digitalization is in full swing, traffic on social media platforms will surely help you to attract more customers resulting in a successful marketing campaign for your company. Give a read to all of them for your use, which you can apply to increase the sales of your business.

ezdsk

EZDSK – 5 Reasons That Have Made It My Choice as a Broker

When you are looking for an online broker to trade with, you are actually collecting reasons to sign up with one. With so many brokers out there, picking one can be a hard task. I know that because I have been through it all. However, I think that after doing all the research and learning the hard way, I am in a position to tell you which broker to pick and why to sign up with it. So, for me, I have been most impressed by EZDSK. I don’t say that this is the broker you should sign up with right now.

However, I will only tell you the reasons that have made me love this broker and let you make your mind up. So, here’s the EZDSK review that you have been looking for.

5 Reasons EZDSK Might Be Better than Other Brokers

1. Security and Ethical Trading

I could have broken this one down into two separate reasons, however, I want to make things simple and plain for you. So, when it comes to security, the first thing you have to worry about is the sensitive information you provide to the broker while signing up. You provide the broker with your utility bill, banking, and personal information at the time of signing up. You want to protect this information at any cost. EZDSK does that for you with its SSL certificates and the highest protocols of encryption in place. In addition to that, the broker maintains segregated funds for all of its traders.

I also admire the fact that EZDSK is involved in ethical trading only. The broker does not make you sign up on a trading platform on which you will not feel comfortable. Through AML and KYC policies, the broker has made sure that you sign up on a trading platform that’s safe for you in every respect.

2. Education and Training

Despite being the most important thing for traders, most of the online brokers continue to forget about the importance of online education. You see, there are more new traders in the world looking to trade today than those who have been trading for years. The brokers have to respond to this trend by providing their traders with proper educational material. I have seen many brokers with some good training material, but I think the training material and course from EZDSK is the most detailed and intelligently designed.

It provides you with one-on-one training, which is something you will rarely find with online brokers. It also has pro-level webinars included in its training so you can learn from the best trading experts in real time and ask them questions. It also provides you with all the videos and ebooks you need for learning at your own pace.

3. Multiple Cryptocurrency Trading

So, if I am someone who seeks a different market with a lot of value in the future, why will I limit myself with the assets I trade? I found this to be the case with many online brokers. When you sign up with them, they tell you a lot of great things about cryptocurrency trading. It is as though you can’t find an online resource that’s better than them in providing you with cryptocurrency trading. However, once you sign up with them, they make you trade either Bitcoin or Ethereum. These are the largest cryptocurrencies in the world right now, but do you really want to be stuck with just two crypto assets?

Of course, that’s not the case with me. I want freedom and I want choices. When I trade cryptocurrencies, I want to have choices in front of me so I can pick the best one for me. That’s what I get from EZDSK. This broker provides me with options like Ethereum, Bitcoin, Litecoin, Ripple, and even Dash so I can trade the way I want.

4. A Trading Platform That Works

The trading platform from this broker just works. It is there for you on any device of your choice. You can use the same trading platform on your computer, laptop, tablet, and smartphone without any compatibility issues. In addition to that, I loved how easy it was for me to use this trading platform. There are many other out there that you will get from other brokers, but none like the one I got from EZDSK. This trading platform is easy to use and simple to integrate into your lifestyle. It provides you with many different chart styles and a lot of indicators right there on your screen.

I also have to admire the fact that I don’t have to download anything to use this trading platform. I open it just like I open any other website and use it freely.

5. Customer Service

Once you have been satisfied with all the other elements and features, you have to look at the customer support and service from your broker. If there is any lacking in this department, you can say goodbye to the broker because lack of customer support will bite you at the time you need it. I have to tell you that the representatives from this company really know how to talk. They provide you with all the information you need on the phone. You can even send an email to get a response within 24 hours of your query. If you are looking to talk to a representative on the phone, you will have them available to help you 24/6.

You get the same level of customer support regardless of the account type you sign up with.

Final Thoughts

So, these are the five reasons that have made me laud this broker for its efforts. There might be many others like it, and I can tell you that I have tested them all. However, this broker is doing many things right. From security to my experience of trading, I don’t have any complaints with it. I only hope that the broker gets even better with time. As of now with the current features, I have described the broker to you and I hope it will make it easy for you to pick the right one.

What is cryptocurrency

What is Cryptocurrency? Know All About Cryptocurrency

A cryptocurrency is a digital or virtual asset or an internet-based medium of exchange which uses cryptographic functions to secure financial transactions.

In simple words, it is decentralized digital money.

Like any currency, cryptocurrencies can be used to buy goods and services from different platforms.

But unlike other currencies, cryptocurrencies are digital and use cryptography to provide secure online transactions.

Cryptocurrency works on a peer-to-peer system that can enable anyone anywhere to receive and send payments.

Cryptocurrencies are stored in a digital wallet.

Uniqueness of Cryptocurrency

Uniqueness of cryptocurrency

It is a electronic cash system that isn’t owned by any one party. There is no such bank like other physical currency.

It is built using blockchain technology. Blockchain describes the way transactions are recorded into time stamped and blocks. It is a very complex process which cannot be easily tackle.

Hackers can not tamper with the digital ledger of cryptocurrency.

How do Cryptocurrencies Work?

How do cryptocurrencies work

Cryptocur Currency uses decentralized technology to allow users to make secure payments and save money without having to use their name or through a bank.

They work on a distributed general ledger called blockchain, which is a record of all transactions updated by currency holders.

Cryptoccurency Should be Used?

Cryptoccurency

Every form of investment has potential benefits and drawbacks. Cryptocurrency is no different.

Benefits of Cryptocurrency

  • You can manage your transactions.
  • You can track your payments at a time.
  • You will have a end to end transactions which will be private.
  • Transactions are very fast in cryptocurrencies, there are very less chances of delay.
  • You can make international transactions efficiently.
  • Transaction costs are affordable. There are very less taxes per transactions.

Drawbacks of Cryptocurrency

  • There are no constant prices in these type of currencies, prices can be changed frequently time to time.
  • Hackers can hack the cryptocurrency of yours, they have done in the past and they can do it in the future.
  • Cryptocurrencies run the risk of becoming obsolete. Many currencies are no longer used today.
  • Criminals use cryptocurrency because of many reasons. There is no location attached to wallet, transactions are quick and anonymous and large amount of currency can be sent.
  • There’s a security backup in the event of a loss.

Types of Cryptocurrency

The first blockchain-based cryptocurrency was Bitcoin, which still remains the most popular and most valuable. The following cryptocurrencies represent the most widely popular industry projects (so far):

  • Bitcoin
  • Bitcoin Cash
  • Litecoin
  • Ethereum
  • Ripple
  • Stellar
  • NEO
  • Cardano
  • Peercoin
  • Namecoin
  • EOS

Bitcoin:

Bitcoin is an innovative payment network and a new kind of money. It was the first cryptocurrency to successfully record transactions on a secure, decentralized blockchain-based network.

Bitcoin Cash:

Bitcoin Cash is a cryptocurrency that is a fork of Bitcoin.  It brings sound money to the world. It is a cryptocurrency launched in 2017 by forking the Bitcoin blockchain and changed the size limit of blocks added to the blockchain.

Litecoin:

Litecoin is an encryption that allows instant payments to anyone in the world and can be mined efficiently with high quality mainstream material. It  is a cryptocurrency that is largely similar to Bitcoin.

Ethereum:

Ethereum is the second largest cryptocurrency platform with market investment, behind Bitcoin. It enables developers to build decentralized applications (DApps) on its blockchain.

Ripple:

Ripple enables banks, payment providers, digital asset exchanges and businesses to send money around the world using advanced blockchain technology. It is a real-time gross settlement system, currency exchange and remittance network created by Ripple Labs Inc.

Stellar:

Stellar is an open source decentralized protocol for digital currencies with Fiat money transfers that enables cross-border transactions between each currency pair.

NEO:

NEO is also more than just a digital currency like Bitcoin. It is an entire blockchain platform. NEO is a smart contract platform, similar to Ethereum, that was created by a team of developers in China and was formerly known as Antshares.

Cardano:

Cardano (and its ADA coin) is an unusual and interesting cryptocurrency that has in the past flown a little below the radar. Cardano is a decentralized public blockchain and cryptocurrency project and is fully open source.

Peercoin:

Peercoin, also known as PPCoin or PPC, is a peer-to-peer cryptocurrency utilizing both proof-of-stake and proof-of-work systems. Peercoin tokens are issued by stakeholders while the currency is regulated by a central authority through checkpointing.

Namecoin:

Namecoin is a cryptocurrency originally forked from bitcoin software. Namecoin, the first fork of Bitcoin, is an information transfer and protection system which uses namecoins (NMC) as its currency.

EOS:

The EOS token is the cryptocurrency of the EOS network. EOS is a next generation blockchain ecosystem that continues to receive heavy media coverage for its record-breaking ICO and unique characteristics.

Cryptocurrency Creation Service

Things To Know Before Investing In Cryptocurrency Development

It might have been more than a decade ever since Satoshi Nakamoto introduced bitcoin. More than just the bitcoin Nakamoto also introduced or rather reintroduced a revolutionary technology called the blockchain.

More than a decade has passed since the introduction but the entire world of cryptocurrency has still and the entire world of cryptocurrency, true to its name, has evaded mainstream attention over into its apparent image of difficulty it has created. However, it might be surprising for a lot of people to know that creating your own cryptocurrency is probably one of the easiest technical tasks you can execute in the world of blockchain, and it does not require extremely extensive technical knowledge.

The different types of cryptocurrencies

Before We deep dive into the science of creating a new cryptocurrency, let us look one of the ways that the entire trip to the world is classified into two broad types – the one that operates on an existing blockchain and the other one that requires a completely new blockchain to be created from scratch.

If you were to take the bitcoin, it requires a completely different blockchain to function. However, cryptocurrencies can also be created to function on the top of an existing blockchain. For this purpose, one of the most preferred blockchains is Ethereum.

The entire code of the Ethereum blockchain is available on GutHub. It is open-source, and it only means that you can download it and customize it according to your requirements. It makes Ethereum one of the most preferred blockchains for most applications involving blockchains, including but not limited to smart contracts, decentralized applications, and even creation of tokens and currencies. 

Understanding the difference between a currency and a token

In the crypto world, in most cases, both cryptocurrency and token have been used interchangeably. However, they are completely different from each other. The key difference between a currency and a token is that a cryptocurrency can be used as a medium of transaction. In simpler terms, you can use any cryptocurrency to pay for what you buy – like any other currency that you used today. A token, on the other hand, has only a limited validity defined within a specific ecosystem. It could possibly be used to buy something within the ecosystem but it might not have any relevance outside.

To make you understand better, a cryptocurrency is like your US dollar, and a token is like what you would have on your Starbucks card after you have loaded it. Can you buy your Starbucks coffee with dollars? Yes! Can you buy anything else with those dollars? Yes! Can you buy Starbucks coffee with the cash that you have at Starbucks card? Yes! Can you use your Starbucks card cash to buy anything else? No! We hope this sums up the difference for you between a cryptocurrency and a token.

Creating your own crypto token with ERC-20 standards

The term ‘ERC-20’ might not have had an introduction yet. ERC-20 is a standard in the Ethereum ecosystem. It presents one of the easiest methods to create your own cryptocurrency. One of the reasons it is extremely easy, in addition to the entire Ethereum ecosystem being extremely user-friendly, is that you do not have to go through the cumbersome process of creating your own blockchain.

A key aspect that governs cryptocurrencies and an integral feature of every blockchain is the concept of smart contracts. Smart contracts are conditional self-executing programs that are designed to keep up the integrity and security of every aspect of the blockchain. It is the complexity of these smart contracts that determine the difficulty that goes into creating your own blockchain or your own cryptocurrency for that matter.

Therefore, if you’re talking about a simple method to create your own cryptocurrency, in essence, we are talking about a simple smart contract that does not involve too many complex variables.

For simplicity’s sake, let us take the most basic case of any currency-updating balances, calculating deposits and withdrawals. In essence, there are only four methods to be implemented – checking of balances, creation of tokens, destruction of tokens, and transfer of tokens. 

A cryptocurrency in Ethereum is as simple as a data structure that denotes the balances on each account and a series of functions to manage the balances.

Breaking it down…

What has been illustrated above is an example with the Ethereum blockchain and compliant with the ERC-20 standards. There are different blockchains and different standards that you can use to create your own cryptocurrency.

One of the most common ways of creating a new blockchain is a technique called forking. Using forks of some of the most common blockchains like bitcoin to create new cryptocurrencies have resulted in manifestations like the bitcoin cash.

Just because a technology backing something is extremely complex, it doesn’t mean that all the manifestations of the technology are essentially in the same level of complexity! Take your car for example. You might not know the intricacies that go behind creating such a stunning piece of engineering. However, even without knowing the head and tail of it, you could be an expert driver!

Such is the case with blockchain technology and cryptocurrency. Given the fact that cryptocurrency is looked at as one of the biggest game changes for businesses in the near future, it is important for business people to understand the basics of cryptocurrencies and tokens.

Conclusion

Any organization or any business leader who fails to keep up with the changing times and technology is bound to go down the long and dangerous spiral of becoming irrelevant and obsolete in this competitive landscape of business. Therefore, it becomes rather imperative on the part of businesses and business leaders to ensure that they are up-to-date with latest technologies like the blockchain and its manifestations like the creation of new cryptocurrency.

We understand that while the basics might be easy to learn, creation of a completely new cryptocurrency might be a cumbersome hassle. However, you can always get in touch with cryptocurrency development companies and they will help you create comprehensively new cryptocurrency with all the features that you will need. It will feature a full-fledged smart contract that will ensure that there are no lapses in its functionality or security. There are quite a lot of cryptocurrency development companies in India, the United States, and Malta which can surely provide the essential cryptocurrency development service that your business would require!

Algorithmic Trading Software

Find the Right Algorithmic Trading Software For Passive Income

Passive Income

Algorithmic trading software is the key to success in the trading business. If you are not using any then it is time to get one. Almost 70-80 percent of online trades are done using algorithmic trading software. The benefits of it go beyond automation. That’s why you will find multiple trading software available in the market. However, in order to maximize profits, you need to pick the right one. But how would you know which one is right? Well, in this guide we will discuss in detail how you can pick just the right kind of software for your trade.

What is algorithmic trading software?

Algorithms have many uses in the present world. In simple terms, an algorithm is a set of instructions based on a strategy. Algorithms follow those instructions. Subsequently, algorithmic trading software is computer programs. They follow the predefined strategy for the execution of trade orders.

Algorithmic software identifies the trade opportunity with the potential of profit. It executes trade to maximize earnings. The process takes only milliseconds to complete. At this fast pace, traders using the software have a huge advantage over those who are themselves reading charts and making trades.

Read More: How to Get Your Money Back from a Scam – Show Them the Power

Reasons for Using Automated Trading Software:

Here are the benefits attached to automated trade:

  1. Speed:

Algorithmic trade is way beyond the speed of a human being. Software is quick to catch signals and executed trade accordingly. Additionally, good software will analyze multiple indicators at the same time. As a result, options for profitable trade increase. Moreover, the software is especially beneficial in scalping strategy where traders try to make maximum successful, small trades.

  1. Accuracy:

The factor of human error is always present when you are trading manually. For instance, you may accidentally enter the wrong stop loss figure. However, the algorithmic trading software will never make such a mistake. Therefore the level of accuracy is high with its use.

  1. Emotionless Trade:

Software, as you know, doesn’t have emotion. While humans have plenty of them. In the trading business, where the market is volatile, emotions can rise to fights. Humans are more likely to make wrong decisions in such situations. On the other hand, automated software will go on with its predesigned strategy. It will not get off track or worried as a result of a few failures. Consequently, one consistent strategy will bring fruits in the long run.

  1. Backtesting:

In manual trading, traders don’t have the leverage to know whether a certain strategy will work or not. Nevertheless, best automated trading software provide this opportunity. You can run the software on past data to see the response. That way you can know exactly how effective the software would have been. Afterward, you can make trading live.

  1. Reduced Cost:

Monitoring the markets takes time and money. Traders have to sit in front of computers all the time observing market swings. But, with software monitoring is done automatically. Additionally, transaction cost reduces. Hence algorithmic trade saves both cash and time.

  1. Increased Efficiency:

All of the above-mentioned processes increase the efficiency of trading. Every time you run the software live, it brings you results. It is both time-saving and cost-saving method of trading. Furthermore, you can trade 24/7 without physically being in front of the computer during that time. Hence new traders should give the algorithmic trading platforms a shot.

Picking the Algorithmic trading Software:

Every trader has unique needs according to their approach towards trade. Some want to make the living out of it while for others it is a side hustle. You should know your category. Subsequently, you will be able to pick the software that caters to your needs.

Traders have two options:

  1. Build a Software
  2. Purchasing one from market

Building a trading Software:

Building software has its own benefits. You can customize it according to your needs. However, it demands skills. You should have a strong grasp of programming languages for building software. It will require time and effort. As you are building it for yourself so only you can identify bugs in it. Run it as a test for multiple times. Eliminate loopholes and build a strategy into it. Without strategy automated trading software is worthless.

Succinctly put, you should weigh the pros and cons of building algorithmic trading software before opting for this option.

Read More: How Secure is Blockchain and Cryptocurrency Technology?

Purchasing Software:

Sofware are good if they do exactly what you want them to do. Otherwise, risk factor is also high with algo trading. Here we will jot down some key features that you should look for in trading software:

  1. Know your Psyche:

Experts say that the biggest enemies of traders are traders themselves. The reason for that is impulsiveness and impatient behavior which comes naturally with few bad trades. To this end, you should know that haste makes waste. Millionaire traders fascinate everyone but they didn’t earn all their wealth overnight. So, you too should be disciplined enough to go with one strategy for a long time. Moreover, pick an algorithmic software that suits your trading strategy.

Master your own psychology. Know whether you will go for bog profits only or intent to make small successes. Algorithmic software should assist you in this and not go counter to your plan. Therefore trader’s psyche is an important consideration in picking the right software.

  1. Pick the trading strategy:

Now that you know what kind of trader you are, pick a strategy for yourself. The algorithmic trading software should run with that strategy. For instance, if you want to buy the dip and hold then algo software should do the same without you constantly monitoring it. Do research on strategies. Grab ones that are little known but work like magic. However, once you have selected a software based on a particular strategy then stick to it. The frequent change of plan can cause harm to your overall capital. Therefore, patiently wait for profits to start rolling in.

  1. Customization Feature:

The ready-made software from the market are complete packages in themselves. Nevertheless, traders want room for customization. Software builders may not have encountered certain issues that users do. Therefore, customization can solve these newfound problems. Additionally, this feature gives a personalized feel to the software. For example, the moving average (MA an indicator) cross over number can be customized by users to see where the trading market is going.

Another configuration tool is leverage for coding into the software. You can write programs using C++ or Python. While buying the algorithmic trading software look for the extent of customization it offers. Best algo software have a high degree of customization.

  1. User Experience:

The trader will have to eventually interact with the software for starting the trade. Better representation of data makes it easier to analyze different factors. For example, trading indicators are shown in the form of graphical charts. An understandable pattern and easier navigation through different points yield better results. Hence don’t underestimate the importance of visual appeal of software. Choose the one with an excellent User interface and user experience.

  1. Difficulty:

A complex and difficult to understand software will increase your problems. Remember, the best automated trading software is supposed to amplify your earning. So, it should do so by a simple and transparent process. Read the manual of software and run the trial version to get hands-on experience with it.

  1. Backtesting Feature:

This feature is a way to assess the performance of a particular strategy. With the help of the backtesting feature, users run the strategy over the historical data to see how the software would behave. However, you need to have historical data for this to work. Subsequently, you can see the profit margin. Backtesting gives you a chance to manage risk prior to running software on actual real-time data. There are two types of backtesting, event-based and research-based. Choose an algorithmic trading platform that is compatible with both.

  1. Cost:

The price of algorithmic trading software is different based on their functionalities. You have highly-priced software as well as free of charge software. However, as a trader, you should pick cost-effective yet efficient software. Don’t compromise on quality. For instance, digiebot is excellent automated trading software. It may seem costly but its services are worth subscribing to. The point is, spend your money on software that works for you.

  1. The Reviews:

Last but not the least important consideration for choosing the best algorithmic trading software are reviews. Reviews make it easy for you to make a decision. People who have used the software before you can identify the loopholes, bugs, or any other problems. It gives you a heads up on what to expect. Some software providers like digiebot have customer reviews listed on their site. However, you can research the best algorithmic trading software reviews through search engines as well as social media.

Conclusion:

Choosing the right algorithmic trading software is difficult. But, once you have made the right call then it is all good for you. So, know exactly what you want. Look closely through the services sections of the software. Do complete research, count your capital, and go for the software with best reviews. Nevertheless, keep monitoring the performance. The ‘set and forget’ strategy can be detrimental. Hence work smartly to increase the flow of your passive income.

Check out this article: What is Cryptocurrency? Know All About Cryptocurrency

Cryptocurrency Types

Cryptocurrency Types & How is it Traded

INTRODUCTION

Cryptocurrency is a recently used electronic money that has gained rapid popularity in the digital world. This digital asset is traded by many countries to secure and safeguard its financial standings. The creation of cryptocurrency is due to various reasons; it has been created to control the establishment of extra units, digital asset verification, and secure financial position in the market. A cryptocurrency is established for exchange, and many countries have made it official to use cryptocurrency as a medium of buying and selling. This step makes it more than a virtual exchange element.

A crucial cryptocurrencies feature is that they are usually not distributed by any dominant authority, interpreting them hypothetically resistant to administration intrusion or handling. Encryption techniques were used to frame the cryptocurrency, which was incorporated to strengthen the trading network. There are various reasons due to which cryptocurrency is subjected to criticism, and these factors include a weak underlying infrastructure that backs the concept of cryptocurrency, the rate of exchange volatility, and unauthorized activities. Although, the idea of cryptocurrency also got appreciated for its transportability, divisibility, price increases confrontation, and transparency.

BACKGROUND OF CRYPTOCURRENCY

Cryptocurrencies may be taken as virtual token money, which enables the buyer to trade the virtual money safely with better returns, cryptocurrency trading is indicated by the entries done in the electronic ledger externally.

The word “crypto” means a different type of encryption algorithm, and to secure the gates of cryptocurrency cryptography is used, the entry technique can also be called elliptical curve encryption, hashing operations, and private-public vital pairs. Cryptocurrency creators shape these procedures on progressive mathematics and principles of computer-based engineering that reduce them almost intolerable to breakdown virtually, and therefore to replace or forged the secured currencies.

DISPERSED CONTROL

The best cryptocurrency exchange is also manifest by sparse control. Cryptocurrencies’ supply, stock, and worth are manifested by the activities the users of cryptocurrency perform an incredibly multifaceted protocol constructed within their leading codes; this is not the conscious choice of regulatory authorities of government itself.

LIMITED SUPPLY CHAIN

The limited supply chain categorizes various cryptocurrencies which do not include all the variants of cryptocurrencies. Cryptocurrencies source codes cover all the commands demarcating the exact number of units that may or definitely will exist. With time, for a miner, it becomes harder to establish the groups of cryptocurrency till the time the higher limit is touched and the new currency finish to be imprinted altogether.

Cryptocurrencies’ limited supply makes it integrally deflationary additionally similar to gold and various other metals that are considered precious of which limited quantities are present than authorized currencies, the currencies that can be generated by the central bank in unlimited amount.

TYPES OF CRYPTOCURRENCY

Various kinds of currencies exist in the trading market today, some of them are Ethereum, Litecoin, ripple, colony, and bitcoin, etc. These are the cryptocurrencies that have generated its popularity in the trading market for various reasons. In the present time, different types of cryptocurrencies have taken over the market, and each has a diverse value than the proceeding.

Bitcoin remains to be the most valued and popular in terms of its value in the market. Most of the cryptocurrencies available in the market today are considered to be the clones of bitcoins, and some of them are framed from scratch that is not much popular than bitcoin. The cryptography, which is incorporated in the cryptocurrency, currently was initially established due to the military application. The government initially wanted to put limitations on the trade of cryptocurrency, but due to private rights, it was not executed.

HOW IS IT TRADED

The people in the entire world buy and sell cryptocurrency through forex; through this platform the fiat currencies are traded all around the globe the trading continues 24 hours a day. This allows users to have the best cryptocurrency trading experience if they use their intellectual abilities wisely. If you secure enough funds, you can bCryptocurrency Typesuy cryptocurrency on the trading platforms.it is highly essential for users to visit providers that are reputable to have guaranteed trading experience.  The DEX (Decentralized exchange) vanishes the broker, which means you can exchange person to person; this allows you to generate more returns.

CONCLUSION

Cryptocurrency trading is still subjected to a lot of criticism, and different users have diverse views upon the matter in question. Ideally, all the interested users should do extensive research on the cryptocurrency they are interested in buying so that they do not have to bear any severe loss. A reliable exchange platform is a key and prime step in making efficient returns, the buyers should invest their time in researching about the platforms that can benefit them to the maximum.

Investing in Cryptocurrencies

4 Advantages of Investing in Cryptocurrencies

The birth of bitcoin in 2009 opened doors to investment opportunities in a whole new kind of asset class – cryptocurrency. Many entered space early.

Intrigued by the immense potential of these nascent but promising assets, they bought cryptos at a low price. Therefore, the bull run of 2017 saw them become millionaires/billionaires. Even those who didn’t bet much reaped decent profits.

Three years later, cryptocurrencies are still profitable and the market is here to stay. You may be an investor/trader right now, or you may want to take a picture of it. In any case, it makes sense to be aware of the benefits of investing in cryptocurrencies.

Cryptocurrency Has a Bright Future

Credit and debit cards will become obsolete, according to an Imagine 2030 report released by Deutsche Bank. They will be replaced by smartphones and other electronic devices.

Cryptocurrency is no longer seen as an oversight but as an alternative to existing monetary systems. Their advantages such as security, speed, minimum transaction cost, ease of storage, and communication in the digital age are recognized.

Concrete regulatory guidelines encrypt and accept cryptocurrencies. The report predicts that by 2030 there will be 200 million users of cryptocurrency wallets and by 2035 around 350 million.

Increased Profit Potential

Diversifying is a basic rule when investing. Especially at a time when most assets suffered heavy losses due to economic problems caused by the COVID-19 epidemic.

While Bitcoin investment returned 26 percent from last year, gold returned 16 percent. Many other cryptocurrencies have seen a three-digit ROI. The stock market, as we all know, has had an unpleasant performance. Crude oil prices fell sharply below zero in April.

The inclusion of Bitcoin or any other encryption in your wallet protects the value of your fund in these uncertain global market conditions. This fact was also influenced by Paul Tudor Jones, director of the Billionaire Investment Fund when he announced his intention to invest in Bitcoin a month ago.

No Paperwork or Formality Required

You can invest in Bitcoin or any other cryptocurrency without unnecessary terms and conditions.

Unlike conventional investment options, where a large amount of documentation is required to prove that one is a “credible investor”, crypto investing is free for everyone. In fact, that was the goal of cryptocurrencies. Democratize money/finance.

Sole Ownership in Investment

When you buy bitcoin or any other cryptocurrency, you become the sole owner of that particular digital asset. The transaction happens in a peer-to-peer arrangement.

Unlike bonds, mutual funds, stockbrokers, no third party ‘manages your investment’ for you. You call the buying and selling shots, whenever you want to.

User autonomy is the biggest benefit of cryptocurrency systems that provides incredible opportunities to invest and build a corpus on your principal capital ‘independently’.

These were some of the benefits of investing in cryptocurrencies. We hope you find them useful and convincing enough to kickstart your crypto investment journey.

Read all about what is cryptocurrency.