Category Archive : Guides

Captivating Cryptocurrency Exchange Script

Make a Big Bang entry into the Trading Era with a Captivating Cryptocurrency Exchange Script

The future of the global financial system undoubtedly lies in the hands of cryptocurrencies. The virtual currency revolution started with Bitcoin in January 2009. Now, there are 9730 different cryptos in the world with a $2.50 trillion market cap according to data provided by CoinMarketCap.

The top 5 cryptocurrencies with the largest trading volume are Bitcoin (BTC), Ethereum (Ether), Binance Coin (BNB), Dogecoin (DOGE), and Cardano (ADA). The impressive growth in the crypto world has offered more returns for investors than other traditional financial assets like bonds, debentures, equity shares, mutual funds, and stocks.

Behind the record-breaking trading of cryptocurrencies lies world-class Cryptocurrency exchanges that match the requests of buyers and sellers and process transactions quickly. The leading Crypto trading platforms in the industry in terms of liquidity and trading volume are Binance, Coinbase, Huobi, Kraken, and KuCoin.  There are 377 crypto exchanges in the world.

Entrepreneurs need to have adequate knowledge of the changing market conditions and possess the right tech stack to establish a top-notch Cryptocurrency Exchange. An affordable and viable alternative than developing from scratch would be to reach out to a competent app development company for building the feature-rich and tailor-made Cryptocurrency exchange software.

The white-label Cryptocurrency exchange script includes modern Android and iOS apps for seamless trading of assets, a web panel to process buy and sell orders, and an advanced admin dashboard to control the day-to-day business activities.

What is the detailed process to follow for building a Bitcoin Exchange PHP Script?

The business requirements and operational scope of the entrepreneur are understood thoroughly. Detailed research is conducted about the current cryptocurrency market. Concrete efforts are made to set up the Cryptocurrency exchange software in a highly investor-friendly location that has flexible guidelines and regulations.

The needed team members like blockchain developers, cryptocurrency creators, finance managers, marketing specialists, smart contract developers, QA analysts, and technical support staff are hired. An advanced set of frameworks, technologies, and tools are assembled for the various stages of development.

All the needed features such as order processing, payment execution, and customer support are added to the front-end of the Cryptocurrency exchange script. The back-end of the ready-made crypto trading solution is made strong enough to handle a huge volume of trades and transactions.

The trained QA testers remove all technical bugs and operational glitches from the final version of the Bitcoin exchange PHP script. The Cryptocurrency exchange software is officially launched in the market at the right time. It starts receiving millions of orders from interested traders.

Additional post-deployment services like maintenance, issuing software upgrades, and technical support are provided.

Read more: Why Cryptocurrency Trading is better than Other Trading Instruments

Various factors to consider while creating a Cryptocurrency Exchange Script

KYC/AML verification of the investors

Know Your Customer (KYC) verification is mandatory and all the important details of investors have to be collected by the entrepreneur before permitting them to trade their digital assets. Anti-Money Laundering (AML) checks must also be conducted to prevent frauds and misuse of funds.

Vital information like bank account details, email address, ID proof, name, and phone number must be collected from each crypto investor beforehand. This ensures a high level of transparency and more trust.

Liquidity

Liquidity is the backbone of every Cryptocurrency exchange software. It refers to the pace at which crypto assets are converted into cash (fiat currencies) and vice-versa.

The entrepreneur can boost liquidity by tying up with the famous Cryptocurrency trading platforms in the market through APIs and sharing details like the value of assets and prices with them.  Local market-makers can be hired for creating buy and sell orders based on advanced mathematical algorithms.

Complying with the changing government regulations

Bitcoin has been banned in countries like Bolivia and Turkey and mining of cryptos is restricted in China. Hence, entrepreneurs cannot establish their cryptocurrency trading business in the above-mentioned nations. Some of the most crypto-friendly locations are Estonia, European Union (EU), Malta, Singapore, Switzerland, and the USA.

Attractive features present in the Cryptocurrency Exchange Software

Numerous trading options – The investors can increase their returns through multiple trading options like (copy, futures, spot, margin, and over the counter trading).

Integrated digital wallets – The traders can safely deposit their valuable crypto holdings in digital wallets (hot and cold). The wallets are secured with a private key or a password.

Acceptance of several payment methods – A variety of payment options like credit cards, debit cards, net banking, and wire transfers can be utilized by crypto buyers and sellers. This ensures lightning-fast fund settlement for the processed orders.

A reward-oriented referral program – The existing traders can refer new investors to the Bitcoin exchange PHP script and get benefits like a cashback, discount on trading fees, exclusive prizes, and decreased transaction processing charges.

Access to order history – The investors can view their previous trading activity and past transactions by viewing the “Order History” section on the Cryptocurrency exchange script.

Provision of multilingual technical support – The investors can resolve all issues related to the trading of assets, payment processing, and other disputes by reaching out to the dedicated Help Centre. Instant action will be taken to solve complaints and grievances via email, live chat, and phone.

How a Cryptocurrency Exchange Software ensures a high level of security for investors?

The safety of the data and funds of the crypto traders is assured with the implementation of numerous security measures. It includes anti-DDoS protection, cross-site request forgery protection (CSRF), end-to-end encryption, fingerprint authentication, firewall implementation, HTTP authentication, HTTP Parameter Pollution Protection, jail login, multi-factor authentication, password protection, and server-side request forgery protection (SSRF).

What are the different services provided?

Peer-to-Peer cryptocurrency exchanges are created in two types (Order Books and Ad-based). Centralized and Decentralized cryptocurrency exchange scripts can also be developed quickly. White-label clone solutions of popular Crypto trading platforms like Binance, Bitstamp, Coinbase, IDEX, KuCoin, Paxful, Poloniex, Remitano, and WazirX are also provided at affordable prices.

Wrapping Up

Cryptocurrencies will make a big entry into the mainstream economy of the world when more regulatory authorities recognize their massive potential. It also brings a lot of advantages like the absence of intermediaries, decentralization, immutability, and transparency.

The future of Bitcoin (BTC) which is the largest cryptocurrency will depend on factors like the changes in taxation laws, the launching of new Exchange Traded Funds (ETFs), support from institutional investors, and trading of assets in micro contracts.

Entrepreneurs can earn hefty revenue from the Cryptocurrency exchange software in the form of a commission from each executed trade, deposit and withdrawal fees, initial registration charges from investors, listing fees, and transaction processing charges.

Hence, progressive entrepreneurs can transform the entire financial world quickly by getting hold of a technologically agnostic Cryptocurrency exchange script from an accomplished app development company in the market.

Read more: Crypto Currency Trading: Top Advantages

Crypto Signals

How Crypto Signals make you a better Trader?

Cryptocurrency trading is just like any other instrument trading, except for the fact that it is digital and highly profitable. However, to make any substantial profit, people need the right skills and experience; and not everyone has that. If you do not have the right skills, what you need is just the right strategy.

Crypto signals – What they are

Crypto signals are chunks of trading clues given out by signal providers to their subscribers. You might not know which cryptocurrency is doing great these days. But the experts behind the crypto signals service know that. So, through these crypto signals, they tell you the exact amount of which cryptocurrency you need to sell or buy. They tell you the buying price which is a reasonable price to pay for the currency at that point in time. All of this information is packed in a crypto signal delivered into your inbox.

Information contained in a crypto signal

  • Cryptocurrency to buy
  • Exchange on which you need to buy the cryptocurrency
  • Buy-in price – Price at which to buy the cryptocurrency
  • Sell Price – Price at which you should sell it to earn profit
  • Stop-loss price – Price at which you need to sell to avoid any losses
  • Percent of the shareholding you should sell

How do Crypto Signals work?

Crypto signals are predictions by expert crypto traders. But they are predictions based on deep financial analysis and market research. Thus, they are more likely to be correct than wild guesses made by amateurs. Newcomers can directly use this newly found wisdom to make profitable trading decisions. And all this happens without them having to keep a constant vigil on the market themselves. They can simply subscribe to a signal service and act on its suggestions. So, even people with other day jobs can manage crypto trading with the help of these signals.

For those who want to trade, Crypto signals providers like MyCryptoParadise offer a lot more than just trading signals. They provide material that not only informs but also educates. This educational content can be provided through their telegram channels as well as website. This way, newbies subscribing to these signals, always have an option to learn and become market experts themselves.

Even if it is suggested, it is not compulsory for you to follow your signal provider’s clue. What they send you is a suggestion and it depends on you to make the final call. So in the end, it is only you who gets to decide where your money goes.

How are these signals delivered?

There are various communication channels through which crypto trading signals can be delivered. Emails and SMS were being used in the past but now telegram has become the dominant channel over which these signals are shared. Apart from that, some signal providers also use SaaS solutions to communicate signals to their subscribers. There are both paid and free versions of subscriptions available. A free channel is used to give somewhat less regular signals with lesser details. It is more of an advertisement page for the paid channel. It is on the paid channels that their subscribers make huge profits on their investments.

Do Crypto signals make you a better trader?

There are a lot many benefits of using crypto signals for your trading purposes. Here are a few of them.

  • They make your trades profitable
  • Using them makes your Trading efficient. Even by spending less amount of time on trading, higher profits can be made.
  • They provide you a learning opportunity through educational content
  • They are accompanied by deeper market analysis. So, those who are interested can know why a particular decision has been suggested in a crypto signal.

And this is definitely a huge improvement than being a noob who throws away money on every cryptocurrency he guesses would do great.

Read more: Good Crypto Smashing TabTrader: A Revolution in the Cryptocurrency World

Best Cloud Mining Platform

How to Choose The Best Cloud Mining Platform | Crypto Guide

Get Relief from Self-mining and Earn Maximum Profits

Making money online with Cryptocurrency was never this much easier before as it is now. There are a lot of Cloud Mining companies that allow you to invest a small amount and earn significant profits overnight. If you are looking for a playing card to transform your life in a blink of an eye, but want to keep things stable and settled, you have landed in the right place. If you are a newcomer in the crypto industry and want to try your luck for better, we have got your back. This article addresses all the concerns that you must be having at the back of your mind. We will also provide effective tips on how to take The Right steps to reach your goals and accomplish your financial dreams.

High-end Cryptocurrencies like Ethereum and Bitcoin are not accessible and affordable for everyone. We bring you a cost-effective solution to celebrate your love with Cryptocurrency, join the crypto industry like a master, and enjoy all the blessings of making money online with Cryptocurrency via Cloud Mining.

Before getting started with the topic, let us explain the basic idea of Cloud Mining and why are you supposed to develop a link with some top-notch cloud mining platform! Cloud Mining is a legal process that is used to verify transactions on a network of Blockchain with the use of computing power. It allows you to play a small fraction of Bitcoin with the shared power of a remote data center. You are free from the stress of making massive investments in renting hardware equipment and spending your hard-earned money on energy costs. You can mine your favorite Cryptocurrency to generate handsome returns through Hash Power.

The best part is you do not have to bear the load of this responsibility on yourself, it is all up to the Cloud Mining company you are linked with. You just have to dive into the mining pool by spending some proportion of your time, money, and energy. Yes! this is as simple as that.

Before stepping on the road to transform your dreams into reality, there are a few things that you need to consider. The most important factor so far is to be associated with the RIGHT PLATFORM. The choice of the best and most appropriate platform for Cloud Mining is the primary decision. The rest of the progress follows suit.

While joining a crypto mining platform, you must consider the following factors:

  • Position of Cloud Mining Platform in Crypto Industry

Consider the age of the Cloud Mining platform, if it is newly launched or is properly acknowledged. How is it ranked when it comes to comparing various options that are on the list! The most brilliant cloud mining platform that has all the features N hash is making rounds on the internet for its fantastic features, trustworthy services, competitive revenues, and success stories. It provides convenient and smart investment solutions for its customers. It is acknowledged by millions of people and the testimonials are quite promising.

  • Safe to use

When it comes to Cryptocurrency, avoiding fraudulent platforms that rob money is quite important. You have to join the Cloud Mining platform like N hash that is safe to use. It stands out from the crowd by traveling an extra mile for its customers and working faster to assure the release of payouts every day. Isn’t it amazing? You are getting paid every day and there is no risk of scams. Moreover, the hassle-free services offered by N hash make it convenient for everyone to jump into the crypto world and start making money online.

  • Cryptocurrencies involved

You must be concerned with the Cryptocurrency you are interested in. Before joining a Cloud Mining platform, don’t forget to make a thorough research about what Cryptocurrencies it is dealing with. If you are interested in Bitcoin then do consider N hash that is primarily dealing with it. Moreover, it also deals with Ethereum and Litecoins. In this way, you can achieve your marked goals and gain financial freedom faster.

  • Review their Cloud Mining features

A best-suited cloud mining platform like N hash offers useful features for its users. It makes sure to provide maximum benefits to the crypto miners by providing regular and increased benefits periodically. The system with higher power ensures more profitability and vice versa. In this way, the maximum hold is provided to the miners to choose the benefit level to suit their pocket and needs.

  • Trustworthy Services, No scam

A platform that makes overly fantasizing promises like making you a multi-million billionaire overnight without having to invest a penny is usually fake. They play with the basic human nature that is focused on greed overlooking all the logical explanations residing behind it. N hash is not one of them because it is a platform working with legal status and full transparency. It asks you to invest a significant amount and generate regular profits as per your luck.

  • Competitive Pricing values and Packages

Have a look at the hash power provided by various Cloud Mining platforms available in the internet market. The pricing packages offered by N hash are affordable for the majority. You can pick any project and invest in it to start making money.  You can begin with small investments like $100, $500, and even go for a full-fledged package like $2000. The BTC hash rate and expected revenues are listed on the package deals displayed on the N hash. Another merit that users will love to avail themselves of is no maintenance fee.

  • User-friendly

N hash is easy to use for everyone. To join the community of happy cloud miners, you just have to create your ID, choose your plan, and proceed with it to gain daily profits. The good news is, you get a $30 free coupon on signing up. Customer care is one of the most important benefits any service providing platform can offer to its users. N hash offers 24/7 help service via Email and Live Chat. This platform takes care of its customers by making on-time payouts to help them harvest their earnings as soon as possible and utilize them further. N hash offers flexible payment options to deposit and withdraw payments to provide you maximum facility. Its accessibility for everyone makes it a favorite crypto Cloud Mining platform.

Final Thoughts

Keeping in view the above factors, we can easily conclude that the facilities offered by N hash for its users are above and beyond. You can make handsome profits using this platform and the results are more than meets the eye.

What are you waiting for? Develop your profitable contracts and plans, become a real-time trader, and start earning today. Boom!

Common Risks Associated with Crypto Trading

Common Risks Associated with Crypto Trading

Although it is true that crypto trading has advantages galore, there are certain risks as well that you need to be aware. Awareness of these risks is very important and minimizing the said risks is equally important if you want to trade cryptos in a safe and efficient manner. At this point you might be wondering what are the most common risks associated with the domain of digital currency trading. The following are the 3 most common risks that you should know of. Read on to learn why types of mistakes you should avoid when you trade in the crypto world.

Paying a Significant Amount to Trade

A less obvious risk to those traders who wish to trade in cryptos is the reduction in their profit margins if they trade on a platform that charges a high fee. Every broker will charge you a certain commission for each crypto trade that you make. What paying this commission means is that your own profit will be slightly less. Hence, to reduce risk of low profits, it is in your best interests to engage on a crypto platform  where the broker will charge you a low fee and not spring any extra charge on at the 11th hour. When you pay less to the broker, you can inflate your margins very easily.

Selecting the wrong Cryptocurrencies to Trade

One very important thing that you need to realize is that not every crypto in the world is created equally. Although from a technical analysis view point, trading almost every type of cryptocurrency can be very much profitable, when you look at it from a fundamental view point, there are certainlyvarious crypto classes. It is of paramount importance that you select the right cryptos to trade. If you make the mistake of selecting the wrong type of crypto, you can end up losing a lot of money and that is something you surely do not want, particularly if you are a newbie trader.

To that end, you can consult with your broker and get his or her advice regarding which crypto is most suitable for you to invest and trade in.

Signing up with an Unreliable Crypto Trading Platform

To trade cryptos, you need to first sign up on a reliable Bitcoin news and trading platform. Here it is very important that you do your due diligence when selecting your trading platform. That is because there a number of such platforms operating online and most of these have doubtful credentials. In fact, some platforms are outright scams and engaging with them can prove to be very disastrous for you. You can end up losing all your funds. If you do not want to take that risk, it is vital that you only register with a trading platform that has a strong reputation in the crypto world and has a proven track record as a highly dependable platform that traders can trust at all times.

What you do is read a bunch of reviews about every trading platform online to help you decide if that is a suitable platform for you. If you are hasty and sign up with the first crypto platform you come across, there is a likelihood that the platform will scam you in some way leading to a terrible trading experience. To ensure a smooth trading experience, be sure to always identify a top-quality and reliable platform.

Conclusion

Crypto currency trading risks can at times have a very significant impact on your trading journey. To conclude, it is always in your best interests to steer clear from the aforementioned risks of crypto trading. Making careful decisions is very important here so you do not fall victim to any kind of scam. That will help you to minimize chances of losing any money and your trading experience will be very positive as well. You can also learn more about common risks associated with crypto trading online.

Read more: Crypto Currency Trading: Top Advantages

Crypto Currency Trading

Crypto Currency Trading: Top Advantages

There is no doubt that crypto currency trading has become very popular in the last couple of years and more and more people are jumping on this particular bandwagon. Do you wonder why? The truth is that trading in cryptos has numerous advantages which makes them an ideal instrument of trade. The following are some of the best advantages of crypto currency trading that you should know about. Keep in mind though that although crypto trading has certain setback as well, the benefits definitely outweigh the cons of crypto trading. Read on in these trading tips to find out more.

100 Percent Transparency

There is no denying that transparency is an important thing when you talk about transferring money. By leveraging blockchain technology, it has become likely that although every transaction can be observed, all personal details remain concealed. Hence, your crypto wallet remains visible, but your personal data is not. In addition, that boosts the security of making use of cryptocurrency since no one can manipulate the protocol, whether it is an organization, individual, or government.

Day Trading and Long Term

Another advantage of trading cryptos is that you have the flexibility to choose between 2 distinct options to choose when you trade: Cryptocurrency day trading and long-term holding. In crypto long-term holding a certain investor makes the decision to hold token or coin for a long-term period believing that in the foreseeable future it will be more precious. Most of the time, crypto coins are held for at least 1 year.
On the flip side, when you talk about day trading, a trader tries to take benefits of fluctuations in price that often happen within a day.

Both of these methods are in fact excellent opportunities for any trader who would like to take part in the cryptocurrency trading domain. That said, although for new traders, the long-termcrypto holding would most likely be easier to go with.

Cryptos Operate Round the Clock

It is true that the crypto currency market is open for online trading round the clock every day. If you are wondering why is it, it is because the market is not centralized or government-controlled. Individuals have the freedom to trade any cryptocurrency they want with one other at any time that is convenient for them. You can even work with Bitcoin robots. This is very advantageous as you have the flexibility to organize your own schedule and trade whenever you please.

In addition, there a number of crypto trading platforms out there that automatically trade a number of cryptocurrencies on your behalf so you do not have to do it yourself (this feature is called algo trading). You can easily avail this particular feature even while you are hanging out with your friends or are asleep.

Minimal fees

When you deal with traditional currencies or fiat, you often have to pay a certain fee when you make any kind of transaction on the trading platform. This fee is contingent on the exact transaction amount or charge different tax types. The good news for you is that crypto trading does require these things. Every transaction performed with cryptos require minimal fees, and you can rest assured that zero tax will be charged on such crypto transactions. That can help you save a lot of money that you may use for other things or buying more cryptos.

Bottom Line

To summarize, cryptocurrency trading has numerous advantages if you do it right and in an efficient manner. Any online trader will tell you that cryptos are the currency of the future and trading cryptos will become even more profitable in the near future. To trade cryptos, you need to sign up on a reliable trading platform which supports this trading option. After you wire your funds, you can begin trading right away without any delay. You can also reach out to your broker if you seek advice on which cryptos are best foryou to invest and trade in.

Read more: Cryptocurrency MLM Software Development

Prevalent Crypto Trading Scams

Prevalent Crypto Trading Scams and How you can Avoid them

It is quite simple for anyone to think that every individual is getting rich in cryptocurrency trading. A number of scammers take full advantage of crypto trader greed with doubtful services and products. The following are some of the most common scams that you should know of:

ICOs (Initial Coin Offerings)

Initial Coin Offerings are basically fundraising mechanisms for cryptocurrencies that have been newly launched. Traders in Initial Coin Offerings receive tokens in the new endeavor. A number of ICOs have managed to launch with certain predicaments:

  • Although numerous Initial Coin Offerings are 100 percent legitimate, most of them have no real technology or business plans behind them.
  • Some of the Initial Coin Offerings launch with a bit more than a whitepaper crafted by individualswith no industry or technology experience.
  • Brand new altcoins at times make ungrounded claims regarding their several products.

Initial Coin Offerings Fraud

Regulating agencies, governments and law enforcement agencies have begun to crack down on Initial Coin Offerings fraud:

  • The United States of AmericaSEC (Securities and Exchange Commission) has filed charges of fraud against Initial Coin Offerings that were sold on the grounds of fraudulent claims.
  • China has completely banned Initial Coin Offerings sales.
  • A number of individuals who are well familiar with Initial Coin Offerings fraud, including Jordan Belford (the popular “Wolf of Wall Street” person) have detailed Initial Coin Offerings as the most significant scam ever.

Unregulated Exchanges and Brokers

You would be quite surprised to know that there happen to be many number of unregulated online brokerage firms and exchanges that offer cryptocurrencies and cryptocurrencyrelated trading robots. Traders need to cautious of promises and promotions that seem too good to be true and claim to make you rick very quickly! Once you deposit your funds, most of these establishments will charge you ludicrous commissions. Alternately, they can make it a headache for you to withdraw your funds. The most terrible offenders will just pilfer your money just like that and you can do nothing about it!

How to Trade Cryptos Safely and Avoid Scams?

Because of the abovementioned scams, it is very important that you trade cryptos in a safe manner. The million-dollar question is how can you go about doing that?  The following are some of the ways you can use to trade cryptos safely and avoid scams.

Very Careful Research

It is of paramount importance for crypto traders to thoroughly read reviews about various exchanges and brokers prior to opening trading accounts. It is true that the massive cryptocurrency landscape makes some news each day with new exchanges and products. Therefore, finding current and reliable information is extremely important if you do not wish to fall victim to any kind of crypto scam.

Selecting a suitable Instrument of Trade

Before trading, traders might select to purchase cryptocurrency via a broker or an exchange, but there are other credible strategies you can use to speculate on prices of cryptos as well. One such popular way is using Cryptocurrency CFDs.

So what are cryptocurrency CFDs? A few of the traders who wish to speculate on the certain price of a cryptocurrency might consider trading CFDs (Contracts for Difference). A contract for difference is a powerful financial instrument that enables traders to speculate on movements of prices rather than owning the cryptocurrenciesthemselves. Contracts for Differences are a financial product (regulated). What that means is that the brokers who provide them ought to be officially licensed by a regulatory authority.
Bottom Line

To summarize, it is important that you are aware of the common crypto trading scams and not fall victim to them. To that end, you should follow the strategies mentioned in this article to avoid such scams and trade carefully and safely. You can also consult with your broker who can guide you better regarding safe crypto practices  that will ensure you do not get scammed.

Trade Crypto Currencies

Best Tricks and Tips to Trade Crypto Currencies

Cryptocurrency trading can prove to be very profitable if you do it right and make use of all the correct strategies. This article looks into the best tricks and tips you can use to trade various crypto currencies. You may also consult with your broker to gather more information about how you can trade with the least amount of risk. So without further ado, read on to learn about the 4 best tips you should defiantly employ if you plan to navigate the territory of cryptocurrency trading.

Find reliable sources of news

Finding reliable crypto news is the most obvious tip if you are genuinely interested in trading cryptocurrencies.! There is no denying that there will always be several adverse and conflicting opinions regarding cryptocurrencies, as well as those folks who own them. Majority are of the opinion that crypto is simply a scam, and those who invest and trade in them will only end up facing disappointment and will lose their money.

If you are 100 percent convinced that trading in cryptocurrencies will be an advantage for you, it would be wise to keep to those sources that you can trust and keep clear from the words non-believers. It is important for you to stick with reliable and dependable facts, you can well be on your way to be a successful crypto currency trader.

Learn uses of both cold and hot wallets

While cryptocurrencies exist on a digital platform, you can still store them efficiently offline and online viacold wallets and hot wallets.  If you are a newbie starting out, the ease of access to offline hot wallets will prove to be a lot moreversatile and useful. However, Cold wallets, do provide greater protection from cyber hackers and other similar criminals. As part of your expedition into diversifying your crypto assets, it is vital that you thoroughly learn to use both wallet types. Having this knowledge will be beneficial for you in the long run!

Be fully prepared for the volatility factor

If you are familiar withtrading cryptocurrency to a certain extent, you would know that it is not as stable as the conventional currencies—simply rewind the clockand go back to the Bitcoin inflation to almost twenty thousanddollars apiece less than a couple of years ago. It is imperative that you are agile with your critical decisions and plan for what will be ideal for the existing asset amounts that you have.

At times, even those crypto owners and traders who are highly experienced still have zero luck with getting on top of the virtual coin trends. Hence, if you end up in the same proverbial boat, do not be too alarmed!

Be Very Vigilant

Although it is true that cryptocurrencies, whether you buy Tron or Bitcoin or any other crypto, tend to have greater safety ratings than conventional money, it is still better to be vigilant. If you would like to trade or buy significant amounts of cryptos such as Bitcoin or altcoins in your e-wallet, you should prepare yourself against the vulnerabilities and risks that you are exposing yourselfto.What you can do is study various ways and tactics of handling your newfound crypto assets and observe how you can manage your cash in a manner that is both convenient and responsible for you.

Wrapping it up

If you follow the aforementioned tips and tactics, it can help you considerably to become a more successful crypto currency trader. Keep in mind that crypto currency can be quite risky, particularly so if you are a newcomer in the industry. Hence, it always pays to adopt certain strategies with which you can minimize risks and engage in trading in a more efficient and successful manner. Also, it is important that you exercise patience as trading cryptocurrencies is a unique skill that requires time to master correctly. The last thing you want to do is to make any kind of hasty decisions!

Read more: 4 Advantages of Investing in Cryptocurrencies

Cryptocurrency Trading

Why Cryptocurrency Trading is better than Other Trading Instruments

Before the advent of internet, the entire world was considered off-line and majority of the interactions were physical and face-to-face. At that time, the only ways of communication were through telephone, telegram, or letters. Then there were trades, which were done physically and one had to be linked with the physical industries in order to benefit from them.

Then the world was introduced to the internet and that changed the way completely as to how the world interacted and trades took place around the world. Now, people are able to communicate with each other overseas without having to travel or wait for the letters to reach the destination in several weeks.

Things are now done instantly through the internet and the same thing has happened in terms of trade. With time, the online trading industry has made its name and has let even the most common of people to interact with the industry and benefit from it.

Overall Online Trading Instruments

When it comes to online trading industry, there are different trading instruments that the investors can choose to trade in on a cryptocurrency broker website. At present, the trading instruments available in the industry include stocks, indices, commodities, forex, and cryptocurrencies.

Among all the trading instruments, cryptocurrencies is the youngest member but it has gained huge success and adoption in the recent years. Although Forex trading is considered to be the most liquid market in the online trading industry, yet cryptocurrencies is gaining much more recognition and is set to experience much more trading volume than any of the other trading members.

Trading in Instruments other than Cryptocurrencies

If you go ahead and choose any online trading instrument apart from cryptocurrencies, you will have to comply with a central body that has access to your financial information and personal information as well. The markets are not as popular or volatile as cryptocurrencies, which means that you cannot make much profit from the industry in a short-term.

When it comes to stocks, commodities, NFT, and forex, you are required to purchase actual assets in order to profit from them. Once purchased, you have to wait for a while and monitor the market in order to assess the price of the assets before you can make a move and make some profit.

Then there are indices that are the collective market price of several companies combined together. The investors can make a call whether the price of the asset would go up or down at a particular time and make profit if outcome goes in their favor.

Benefits of Trading in Cryptocurrencies

Then there are cryptocurrencies that have taken the online trading industry in the past couple of years by storm. The industry is being adopted by all sectors and even by the commoners who had never invested in any online assets before, so here are some of the reasons why cryptocurrency trading is better than other assets:

No Third-Party Interference

The first benefit of choosing cryptocurrencies is that they are decentralized in nature so no one can interfere and alter the way they behave. If you wish to invest in cryptocurrencies, you can start with the least figure in your mind and go all the way up to a number that you desire to invest. There will be no one to restrict or cap the amount of money you want to invest in cryptocurrencies.

Cryptocurrencies are Trending

In the past couple of years, the entire world has realized the importance of virtual/digital assets. This is the reason why majority of the people and investors are moving to the crypto-sector. According to stats, the amount of trades that the crypto-sector has observed in first quarter of 2021, is more than what it did in the entire year of 2020. This makes the industry promising and more profitable than any other industry around the world at the moment.

Volatility is good in Cryptocurrencies

There are many who criticize that the entire cryptocurrency industry is volatile and that is why it cannot be trusted. On the other hand, the volatility of the cryptocurrencies makes them a highly profitable asset to invest money for a short term. While the prices of other assets fluctuates a little in matter of 24 hours, cryptocurrencies may experience up to 20% or all the way up to 100% drop/increase in their prices.

While this makes them very risky, yet it can prove extremely beneficial for the investors who want to make quick money through them.

Perfect Assets for Long-Term Investment

Despite the volatility, the overall performance of the cryptocurrencies is bullish in nature. This means that if an investor wishes to invest in cryptocurrencies, they can go for a long-term investment. This way, they will eventually end up making huge profits.

Bitcoin (BTC) is the perfect example for this scenario, as back in December of 2020, the price of Bitcoin (BTC) was around $19k per BTC and the time of writing, its price is at $60.66k per BTC. This means that if a person had invested in BTC back in December 2020, would now be making more than thrice the profit from investing in Bitcoin (BTC).

Read more: How you can Make Cryptocurrency Trading Journey a Successful One

Cryptocurrency Trading Journey

How you can Make Cryptocurrency Trading Journey a Successful One

At present, there are 5 major instruments that are being traded through the online trading industry. The names of these online trading instruments are forex, stocks, indices, commodities, and cryptocurrencies. Out of all 5 of the major trading instruments, cryptocurrencies is the one that is tending. In the past couple of years, the demand and trading volume in the cryptocurrency industry has surged to an all-time high.

Although the cryptocurrency industry had been around since 2009, yet it gained prominence over other online trading instruments in 2020 when the pandemic hit the world and people started looking for a way to make quick and online money. Since then, the cryptocurrency industry has grown to new levels that are unmatched by any other online trading instrument. Here are some cryptocurrency guides for in depth details in this regard.

The scale of cryptocurrency industry’s widespread adoption can be measured by looking at its market capitalization. Just recently, overall crypto-market capitalization has crossed the $2 trillion mark and has more than 110 million active users using it for trades. However, not everyone can gain success and profits in the cryptocurrency trading industry. Nevertheless, they can follow the following steps to ensure that they do make their crypto-trading journey a success.

Choose the Right Cryptocurrency for Yourself

Before you start trading in cryptocurrencies, the first thing you need to do is ensure you know exactly what cryptocurrencies are and how they work in the online trading markets. The most important thing to know about cryptocurrencies is that they are extremely volatile and their prices tend to fluctuate faster than any other asset in the entire online trading industry. So you need to look for the ones that despite the price fluctuation, are still generating huge profits.

Some of the most prominent ones include Ethereum (ETH), Binance Coin (BNB), Ripple (XRP), Bitcoin (BTC), and many more. So it is up to you whether you would like to choose either of the above or a cryptocurrency of your choice. You can go through historical data of a cryptocurrency and see how much growth and surge it experienced in the past couple of months before selecting one. You can even see Bitcoin price prediction on many platforms.

Choose the Right Cryptocurrency Brokerage

The next step is to find the right cryptocurrency brokerage/exchange that can help you in the right manner while trading cryptocurrencies. There are thousands of cryptocurrency brokerages providing crypto-trading services but there are only 10% of them live up to their reputations. Therefore, it is better you search for the right one, which you can do by checking with people through crypto-trading forums and get people’s opinion. These people can share their feedback and experience in crypto-trading and help you choose the right platform.

At present, some of the most prominent and promising cryptocurrency brokerages include Binance, Coinbase, KuCoin, and Gemini, etc.

Choose the Right Account

Once you have selected the right brokerage that is promising, the next step is to choose a trading account that suits your trading experience. Majority of the cryptocurrency exchanges offer different kinds of crypto-trading accounts that cater a particular trading experience. So do not get carried away with huge list of services and benefits provided by a high-level trading account, and go for the basic one. This way, you will not be spending much and even if you end up facing a loss, you will not be losing much.

Keep Learning and Gaining Knowledge

Majority of the cryptocurrency brokerages that have made a lot of name in the industry focus more on their traders instead of profits. This is the reason why you will notice that majority crypto-brokerages with high reputation provide educational content once you have an account from them. They provide you with educational e-books, videos, learnings, and other content to polish your trading skills and give you insights of the trading markets.

Therefore, keep gaining knowledge and high profits will become the by-products of the information that you gain.

Keep Yourself Up-to-Date

The cryptocurrency markets are always fluctuating and there is so much going on around the world that can drastically change the price and demand of cryptocurrencies. Therefore, you need to keep a close eye on the market situation, daily market news, price alerts, and economic calendars to ensure that you are able to make the right calls while trading. You can also go ahead and switch to a cryptocurrency that would prove to be more profitable for you in the long run.

Read more: Types of Trades You Can Perform in Cryptocurrencies

Trades You Can Perform in Cryptocurrencies

Types of Trades You Can Perform in Cryptocurrencies

It has been more than a decade since the cryptocurrency industry has been around. However, it was only in the past couple of years when the cryptocurrency industry became the most adopted online trading asset in the entire online trading industry with many trading tools. The platform has been gaining a lot of popularity and recognition all over the world and has been hitting all-time highs with respect to its market capitalization.

When we think about cryptocurrencies, the first thing that comes to mind is cryptocurrency mining. Although this option is always there but the cryptocurrency industry is way advanced than it used to be in the past. The industry has grown enormous and ever since the first cryptocurrency exchange was formed, the users have the ability to perform trades through cryptocurrencies.

Two Major Types of Crypto-Trading

There are currently two major types of cryptocurrency trading that the users can choose to trade-in. The decision of going for the right trading option is completely up to the user’s discretion as to what they want exactly. The trading types fulfill two different types of needs/conditions in when the traders wish to trade.

Traditional Cryptocurrency Trading

This is the basic trading type that is currently more popular than the rest of the major or minor crypto-trading types in the market. Traditional cryptocurrency trading is almost similar to foreign exchange (FX) trading where the investors choose trading pairs for fiat currencies and here, they choose cryptocurrency pairs against other cryptocurrencies or fiat currencies.

While forex trading offers only around 70 currency pairs for trading cryptocurrency trading offers more than 8,000 types of trading pairs to the investors within the crypto-industry. Then there are trading options available for cryptocurrencies against major fiat currencies. You can learn more in this regard at Winbitx.

Similar to forex trading, an investor can choose the cryptocurrency they think would be best for trading in. The users can choose a particular cryptocurrency and then keep it under their possession until the price of the cryptocurrency matures. That is when the users can sell the particular cryptocurrency and earn profit against the price difference between buying time and selling time.

If you are interested in going for the traditional trading, then some of the suggested cryptocurrencies are Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Binance Coin (BNB), Ripple (XRP), and many more.

Contract-For-Difference (CFD) Cryptocurrency Trading

This is a newer kind of trading option that has been introduced for the online trading community. The contract-for-difference (CFD) option has been introduced by the cryptocurrency exchanges for the users so they can avail as much as they can from the cryptocurrency markets.

The major difference between traditional crypto-trading and the CFT crypto-trading is that in traditional crypto-trading, investors are required to purchase cryptocurrencies. On the other hand, the CFD trading option does not require for the investors to purchase actual cryptocurrencies.

Instead, the investors can choose a particular cryptocurrency, set the amount they want to put on it, and predict whether the price of the cryptocurrency will be high or low at a particular date, and time. If the decision goes into the investors’ favor, they end up making a profit on it.

This way, the investors do not have to spend a lot of money and then wait for the price of the particular cryptocurrency to go up so it can be sold to make profits. Through CFD trading, the money can be made instantly and one does not have to worry about purchasing and then holding on to the cryptocurrencies.

Make Up Your Mind

Despite being an attractive industry, cryptocurrencies are still part of the online trading platform. This automatically makes cryptocurrencies a risky instrument and this is the reason why one needs to be vigilant and alert when doing trades through cryptocurrencies.

One must always go through all the possibilities of losses and profits before reaching out to their bank accounts and start investing money. Things definitely sound very simple and easy when they are in a theoretical format, but one must always know that when it comes to being practical, things tend to become difficult.

Read more: Good Crypto Smashing TabTrader: A Revolution in the Cryptocurrency World