Digital Currency

How To Buy Crypto Securely?

By Ashutosh Jha → Thursday, May 4, 2023

In recent years, crypto investments have been gaining increasing popularity as a viable alternative to traditional investments. Cryptocurrencies such as Bitcoin and Ethereum have been at the forefront of this movement, capturing the attention of investors worldwide. The decentralized nature of these digital assets, combined with their potential for high returns, has led to a surge in demand for cryptocurrencies.

As a result, more and more investors are turning to crypto as a means of diversifying their portfolios and taking advantage of the opportunities offered by this emerging asset class. While there are certain risks associated with investing in crypto, the potential rewards have proven too enticing for many to ignore.

As a result, the trend of increasing interest in cryptocurrencies is expected to continue in the years ahead.

In this article, we will discuss the risks of investing in crypto and how to buy cryptocurrency safely.

What is Cryptocurrency?

Cryptocurrency is an encrypted digital or virtual currency that verifies, secures, and controls the formation of new units. It stands apart from traditional banking systems because it is decentralized, meaning there's no central authority overseeing it. Bitcoin and Ethereum are two prominent examples of cryptos in circulation today; however, many more exist across the globe.

Cryptos are becoming a highly sought-after asset class and they can be used in myriad ways. One of the most common is trading and investing. With crypto exchanges, people have access to Bitcoin, Ethereum, Solana, and many other digital currencies with which they can buy low or sell high for potential profits. Some choose to take advantage of short-term market fluctuations while others view these investments as long-term opportunities for wealth accumulation that may even outlast traditional markets over time.

As an alternative, why not utilize crypto as a form of payment for services and products? These days more vendors recognize cryptos in exchange for their goods or services. Many users also choose to pay with crypto when acquiring online programs such as VPNs and web hosting.

Cryptos revolutionize the traditional concept of payments by allowing people from across the globe to transfer funds without relying on a central financial institution. What's more, this form of currency enables easy and rapid transactions, providing users with unparalleled speed and convenience.

What are the Risks of Buying Crypto

Although investing in crypto can be beneficial, it also carries several risks. Notably, the crypto market is highly volatile and can bring about substantial gains or losses very quickly. Moreover, due to a lack of oversight from a centralized entity such as a government agency, there is no assurance that currency will retain its value over time.

While the unregulated nature of crypto can leave investors open to scams, the threat runs far deeper than that. Hackers and other malicious actors present an ever-present risk for users who are vulnerable to losing their funds in a security breach.

Additionally, Bitcoin and its peers may not be as safe an investment as some believe due to their potential vulnerability to technological obsolescence or replacement by newer methods. All these factors should caution those considering investing in crypto before taking such a risk.

Before investing in cryptocurrency, investors need to weigh the potential risks and rewards thoroughly. To ensure they make informed decisions, they should conduct extensive research on this asset class and seek advice from a financial advisor if necessary. Doing so can help them determine whether investing in cryptocurrencies may be suitable for their individual financial goals. Now let’s see how to buy Bitcoin safely.

How to Buy Crypto Safely?

Investing in cryptocurrency can be a thrilling and rewarding experience. To make sure your purchases are secure, here are some of the steps you should take:

Choose a Secure Exchange

As you search for a trustworthy and credible exchange to purchase your crypto, it is essential that you conduct comprehensive research. Look for an exchange that has earned a positive reputation and put in place secure security measures to safeguard your funds.

Set Up a Secure Wallet

After acquiring your crypto, storing it in a safe wallet is essential. Hot wallets are linked to the internet while cold wallets remain disconnected and take more effort to use; however, they offer superior security for digital currency owners. Choose a wallet that aligns with your requirements and guarantees the maximum safety of your crypto assets.

Secure Your Account

Safeguard your exchange account with an impenetrable password and two-factor authentication to protect yourself from malicious hackers and other security threats. Doing so is essential for a secure digital experience.

Verify Your Identity

Crypto exchanges take proactive measures to ensure maximum security and combat fraud by requiring individuals to validate their identity before making any crypto transactions. This helps protect both the exchange and its users from potential illegal activities.

Be Wary of Scams

Navigating the tumultuous world of cryptocurrency can be treacherous, as many scams are lurking about. To protect yourself from being taken advantage of and losing your hard-earned crypto assets, do not send any funds to someone you don't know or trust; additionally, steer clear of individuals who guarantee returns or request personal data. Remain vigilant in this space by conducting thorough research before investing - your safety depends on it.

Taking these steps will allow you to purchase crypto safely and soundly. Nonetheless, it is essential to recollect that any asset class carries risks, including cryptocurrency investments. Be sure to conduct thorough research and only contribute what you are willing to risk losing.

Tips for Safe Buying and Selling

Crypto investments can prove to be highly profitable, but it is significantly essential to put security measures in place for your own protection. Listed below are a few pieces of advice on how to successfully trade crypto:

1. Use a reputable exchange: When selecting an exchange, it's essential to select one that is trustworthy and has robust security protocols in place. Opt for an exchange that is regulated by the government and look into user reviews to ensure its legitimacy. With these measures, you can rest assured that knowing your funds are safe from potential threats
2. Setting up two-factor authentication: To enhance the security of your exchange account, we recommend that you activate 2FA. This feature requires a second form of identification in addition to your password, like an SMS code sent directly to your mobile phone. With 2FA on, feel safe knowing that only those with access to both elements can access sensitive information.
3. Store your crypto securely: Keep your crypto secure in a reliable wallet, such as a hardware or cold storage one. This is the best way to defend yourself from hackers and other online threats that could steal your assets.
4. Verify your identity: To ensure the safety of our users and prevent illegal activity, many exchanges require identity verification before allowing individuals to purchase or sell digital currencies.
5. Be aware of scams: Cryptocurrency fraud is rampant, so you must be careful of anyone offering overly-guaranteed profits or asking for your personal details. Always thoroughly research exchanges and individuals before completing any deals
6. Use a trusted seller: Before you purchase crypto from an individual, it is essential to ensure they have a stellar standing and that you trust them.
7. Keep track of your transactions: Ensure that you are logging all of your crypto transactions, and be aware of the taxation implications. You may need to declare any profits or losses from trading digital currency on your tax return.

By following these tips, you can buy and sell crypto safely and securely. Always be vigilant and stay up-to-date on the latest security practices to protect your investments.

The safest way to buy cryptocurrency is the WhiteBIT exchange. With safety as the highest priority, WhiteBIT is one of the most secure exchanges for purchasing cryptocurrencies. Here are a few reasons why:

Regulation: As a regulated exchange, WhiteBIT is held to the highest standards of compliance with European Union laws and regulations. Rest assured that your trades are being conducted in an open and secure environment.

Strong security measures: For overall user security, WhiteBIT has a range of stringent measures in place. From 2FA and encryption to cold storage for most funds, your data and money are kept safe 24/7.

Transparent fees: Trading with WhiteBIT is always crystal clear, featuring the lowest fees available in the market without any hidden charges. Their website offers a fee schedule to help traders identify and calculate their trading costs quickly and conveniently.

User-friendly platform: WhiteBIT offers a simple-to-use platform that is suitable for traders of all levels. Not only does the exchange provide various trading pairs such as ADA to USDT, but it also possesses sophisticated features ideal for experienced investors.

Customer support: WhiteBIT provides unparalleled customer service, with a quick-acting team that is available around the clock to address any issues or questions.

WhiteBIT stands out from other cryptocurrency exchanges with its comprehensive security measures, straightforward fee structure, and user-friendly platform. These features have made it a preferred option for buying and selling digital currencies among users.

Conclusion

Buying cryptocurrency can be a great investment opportunity, but it's important to take safety precautions to protect your funds. By choosing a reputable exchange, setting up a secure wallet, verifying your identity, and being aware of scams, you can buy crypto safely and securely. Always remember to store your assets in a secure wallet and enable two-factor authentication on your exchange account to add an extra layer of security.

With these precautions in mind, you can invest in cryptocurrency with confidence and peace of mind.

Digital Currency

Ethereum vs. Ripple Trading

By Ashutosh Jha → Thursday, December 1, 2022

The list of top crypto assets includes coins such as Bitcoin, Ethereum, BNB, Tether and many others, including XRP. Ripple XRP is one of the most traded digital coins, and we would like to compare it with the second asset in the ranking - Ethereum.

Ripple is a network that operates in the financial market and is used by financial companies, developers and individuals. The platform offers the XRP token that enables speedy, secure and cheap payments across the globe, making a worthy competition to the outdated SWIFT system.

Some facts about Ripple:

• Ripple coin price is $0.38 (end of November 2022)
• Payments on the Ripple network are completed within 2 - 3 seconds
• The network performs 1,500 transactions per second
• Low transaction fee - $0.0002 per operation
• Energy Efficiency Network

The Ripple network is used by banks and financial companies. With the XRP token, they can issue crypto assets they can control and manage, facilitating payment processes and offering cheaper and faster transfers for their clients.

App developers use Ripple ledger to create and deploy blockchain products.
Individuals use the XRP token as a faster and cheaper option for money transfers at any point in the globe.

Ripple vs Ethereum: the Difference of Purpose and Application

The Ethereum network was designed as a decentralized solution for developers where they could build and deploy apps, NFTs, blockchain games and other products within being dependent on any centralized body. Based on Ethereum, developers create new tokens and share ideas while working on the products.

We can say Ethereum was created by rival financial institutions and offers a better option for developers to meet, create and work together. On the contrary, the Ripple network is meant to improve those institutions, bringing their services to a brand new level. Ripple brings blockchain technology to financial establishments, allowing them to improve their processes and provide faster and more efficient transactions. Ethereum rivals financial institutions while Ripple cooperates with them. That is the main difference between Ripple and Ethereum technology and purpose.

The Ethereum price is much higher than XRP price - as of late November 2022, $1,201. You can buy Ripple and Ethereum crypto on the WhiteBIT exchange. In addition, the WhiteBIT blog offers many interesting articles for you to read and learn more about these crypto assets.

Online Security

Why Crypto Cybersecurity Is Expected To Reach $53.8 Billion By 2023

By Ashutosh Jha → Wednesday, March 16, 2022

In 2018, the Asian cybersecurity market was valued at $31.7 billion; in 2023, it’s expected to hit $52.8 billion.

This represents an 8.4-percent CAGR from 2019 to 2023. In this environment, Singapore, China, Japan, India and other emerging countries in that region have been confronting growing cybersecurity concerns.

Cybersecurity Threats Throughout the Asia-Pacific Region

Examples of cyber-attacks and mounting cybersecurity threats can be found throughout the APAC region. Cyber-scams here and around the world range from simple investment and giveaway scams to intricate Initial Coin Offering (ICO) fraud and worse.

Cyber Threats in India

India currently ranks fifth in the world in the overall number of DNS hijacks and faces a skyrocketing rise in cybercrime registration in general. India also accounts for 37 percent of global breaches in which records were stolen or compromised, reports Gemalto.

Cyber Threats in Bangladesh

Meanwhile, in Bangladesh, over $80 million was stolen from a bank in a 2016 cyber-attack. In the Philippines during that same year, government sites experienced frequent hacking activity.

Cyber Threats in Malaysia

In Malaysia, according to Cisco Systems, 60 percent of cybersecurity tech is outdated and vulnerable to cybercrime activity. In 2021 alone, ransomware attacks in the country increased by 151 percent.

These statistics and others like them have spurred increased awareness in the Asia-Pacific (APAC) region of the burgeoning cybersecurity risk there due to increasing connectivity and digital transformation. That awareness has, in turn, elevated concerns about mitigating these threats and demands for greater cybersecurity in the region, particularly in the era of crypto.

Combatting Cybercrime in the Asia-Pacific Region

Government initiatives in the area are already targeting cybercrime with new laws and data security measures. Currently, providing stringent cybersecurity guidelines and instituting strict cybersecurity deployment policies and procedures, the Department of Defense Information Assurance Certification and Accreditation Process (DIACA), Payment Card Industry Data Security Standard (PCI-DSS) and Health Insurance Portability and Accountability Act (HIPAA support the cybersecurity industry’s expansion into that region.

Cyberattacks in Finance

The Asia-Pacific region currently classifies cybersecurity solutions into categories like the public sector, healthcare, telecommunications and financial services.

Of these, the financial sector is a particularly heavy target of cyber threats, fueling expectations of the sector dominating the cybersecurity market. In Japan, for instance, an enormous number of cyberattacks took place in the financial industry in 2016, including attacks on 14,000 ATMs.

Cybersecurity Risks in Crypto

While blockchain itself introduces an unprecedented level of cybersecurity into the financial industry, it is not immune to cyber threats.

Its capabilities allow for strict integrity, confidentiality and availability of data, but it's still lacking in sufficient security standards and controls. That puts into question technology's secure scalability and ultimate sustainability.

To effectively sustain itself and continue to root for itself in the financial system, whether in the Asia-Pacific or elsewhere, the industry needs to invest heavily in cybersecurity tech innovations. Fortunately, some top crypto exchanges operating in places like Vietnam offer users robust security protocols and features to ensure safe transactions and storing of their crypto assets.

Already, more than a dozen major banks, hospitals, governments and blockchain trading platforms are doing so, making it even more incumbent on smaller players, such as those in emerging markets like APAC, to follow suit.

Digital Currency

Things To Know Before A Day Trading

By Ashutosh Jha → Thursday, July 29, 2021

Some enterprising financial titans have made hundreds of millions of dollars in the greatest stock market trades in history.

If you think you got what it takes to be the next John Paulson or George Soros you need to learn some day trading basics. It is easy to start day trading, but to do it successfully is a different story.

You need to learn some basics about managing money, the different types of investing, and a bit about financial risk. This article outlines all these concepts and gives you the tools you need to start day trading.

Gain Financial Insight

If you hope to start day trading on hope and a prayer you stand to lose everything. To be a success you need to gain some financial insight. There are a couple of different ways to do this.

The first is to attend a University for a degree in a financial related discipline such as finance, economics, or business. Make sure to choose an institution with a credible reputation that employs some world-renowned teachers.

Another option, which can also be used in conjunction with a University education, is to find a mentor. If you know a financial whiz who is willing to take you under their wing you stand to learn a lot.

Your final option of gaining financial insight is to do so the hard way. This means a long process of trial and error using your financial resources to pave the way for your success or failure.

Start by investing in things that are easy to understand for you and are also relevant in your daily life. Branch out from there and start small to avoid losing your life savings or ending up in debt.

Understand Risk vs. Benefit

Once you have gained thorough financial insight, you can start examining the concept of risk management. Every financial endeavor you embark on will have some level of inherent risk.

Make sure to weigh the pros and cons of these risks when investing your money. This means analyzing things such as returns versus how much you stand to lose.

More Day Trading Basics

When you have gained financial insight and have cultivated a risk analytical mindset, you are ready to begin day trading. The idea behind day trading is to make short-term investments.

The key principle is buying low and selling high. You need to constantly be aware of fluctuations in your marketplace of interest so you can make your investment move at an opportune time.

For instance, if you are investing in Bitcoin you need to keep abreast of multiple different online exchanges, and also know the locations of Bitcoin ATMS near you as a contingency plan. Click here to learn more about these.

That way if a massive spike or dump happens, you can spring into action across multiple platforms, even if some of them are unavailable to you at the time due to technical glitches.

Buy low, sell high, and be prepared to flex massive amounts of capital to turn a profit. This makes day trading incredibly risky, but rewarding to those who master it.

Are You Ready to Step Up?

Now that you know someday trading basics you can begin your journey of becoming a competent day trader. Keep in mind that short-term investments are always risky and you will do fine.

Use one of the three strategies of gaining financial insight in this guide to become a day trader today. Then, start making lucrative investments based on the principles of risk management.

If the information in this article informed and entertained you, make sure to check back with our page for others to like it.

Digital Currency

Profitable Use of Bitcoins

By Ashutosh Jha → Monday, December 17, 2018

Bitcoin helped introduce new opportunities for bitcoin traders and investors. For instance, the vast availability of the cryptocurrency across the online space allowed a lot of online and offline transactions happen. It has also allowed peer-to-peer bitcoin trades to happen. Visit this site to know more.

Imagine being able to buy a cup of coffee using bitcoin? Or buying more bitcoins from other traders and sell them for profit? Or sell gift cards such as Amazon, Steam, and Walmart for more bitcoins? Most of the bitcoin users around the world are looking for profit. With your imagination and a few trading skills, the profitability of bitcoin can easily be utilized for any bitcoin users’ and traders’ benefit.

The Profitable Use of Bitcoins

The profitability of bitcoin trading is something that can be quite easy to achieve, though with some limitations to consider. It’s like reaching for something with a lot of hard challenges up ahead. The thing is, when it comes to making a profit with bitcoin, one must know how to use it in different ways.

Bitcoin is actually one of the most versatile forms of currency since you can buy a lot of different things online using it. Buying basic goods with bitcoin is already one thing, but what about making a profit out of it?

Also Read:

• These 3 Bitcoing Software Trading FAQ You should Know
• 3 Reasons why Online trading is an smart decision

What Makes Bitcoin Profitable?

There are many things that can make bitcoin profitable. As stated earlier, bitcoin trading is one of the most profitable uses of bitcoin. Why? Because the volatility of bitcoin’s price is a factor. Say you bought $10 worth of bitcoin today, and then several days later, the price goes up. Now, you end up with more profit than before! Now that’s one easy way to make a profit out of bitcoin!

Ways that Bitcoin Can be Profitable

Here are some of the best and profitable use of Bitcoins. Bitcoins are becoming the universal profitable digital currency and will be growing further as well. The prediction is even bright for this digital currency.

Most Business Establishments Accept Bitcoin as a Payment Method

This is one of the most common and more profitable uses of bitcoin. In this case, many business establishments allow bitcoin to be a part of their daily stream of income. As of October 2018, there is already an estimate of 100 companies that accept bitcoin as part of their payment methods, with well-known companies such as Subway, OKCupid, and Reddit known for accepting the bitcoins for business.

Many of these business establishments also make use of bitcoin to help their business earn money with bitcoin. For instance, bitcoin-run design company Bitcoinshirt.co makes use of bitcoins as the best mode of payment should customers buy something online.

How this ensures profit with bitcoin is the volatility in its price. When the price goes up, this can also increase the profit made by businesses with bitcoin as a payment method.

Increases in Value Can Be Expected

Not only can businesses profit from the volatility of bitcoin’s price, but bitcoin traders and users can also reap the benefit from the volatility of bitcoin’s price. Bitcoin’s price can either increase or decrease depending on the standing market price, which can be helpful for many bitcoin users and traders everywhere.

Another way that bitcoin do for profit is a term known as HODL, or Holding on for Dear Life. This has the users hold on to their bitcoins and wait for the value to increase. Though this can be considered a gamble as the volatility of bitcoin’s price is rather unpredictable.

Bitcoin Mining is a Good Way for Miners to Profit

Another way that bitcoin is profitable is the process that gives its head start: Bitcoin Mining. Bitcoin mining is the process that mines bitcoins by solving complicated mathematical equations. This involves the work of ‘bitcoin miners’ working to solve the algorithm at the same time and be compensated bitcoins for their efforts.

The thing about bitcoin mining is that it involves more capital, which is needed to purchase specific hardware for mining. If you can’t afford to buy computers for bitcoin mining, you can always apply to different ‘mining pools’.

Mining pools are groups of miners working together to mine bitcoins. Usually, a mining pool will have their own equipment for mining and all you’ll have to do is join. Mining pools provide bitcoin exchanges the bitcoins they sell, and whenever bitcoins are purchased from bitcoin exchanges, they’ll profit, therefore, you’ll profit! The more miners and the more advanced hardware, the less time it takes for mining bitcoins!

The Presence of Peer-to-Peer Marketplaces

A lot of bitcoin users use peer-to-peer marketplaces to earn more. For instance, a trader will use the marketplace to connect with other traders and start a trade with them through a variety of payment methods available, such as gift cards and bank transfers.

P2P Marketplaces

One of the best things to consider when it comes to this is that many of these platforms offer different ways to handle bitcoins. Many of these peer-to-peer marketplaces offer different payment options, local, domestic, and international trades, and escrow service for their trader’s safety.

Always Remember!

Making use of bitcoins for profit can be one of the best things to do on a more convenient note. The vast availability of the cryptocurrency can prove helpful for many traders, while at the same time provide as many opportunities as other forms of currency. Yet, while the profitability of bitcoins can be guaranteed on most occasions, caution is to be exercised at all costs.

For one, bitcoin is known for its volatility in price as a whole, which can either guarantee an increase or a decrease. Another problem seen in this aspect is that not everyone accepts bitcoin. There is still some speculation as to what bitcoin’s value really is, as well as the fear that people have in using bitcoin and its potential to the fullest.

Being aware of where bitcoin stands and how it works as a whole in the market can be a good first step to take. Doing your own research can help you utilize bitcoin for profit.

Profit Through Bitcoin Made Possible Than Ever!

All in all, making a profit with bitcoin can be possible! Not only can you buy bitcoins from an exchange and HODL it in hopes that the price will increase, but you can also create an account for an online peer-to-peer marketplace, buy bitcoin, and use it to actively trade with other users worldwide, and buy gift cards and use those codes to buy bitcoins for less! This is only the surface, there are more ways to make a profit with bitcoin.

Digital Currency

3 Bitcoin Trading Software FAQ You Must Know

By Ashutosh Jha → Sunday, April 15, 2018

Bitcoin has become a household name for cryptocurrency over the years. Even if somebody isn’t as interested in investments or doesn’t know much about the blockchain phenomenon, they know about the rise and fall and rise of the bitcoin.

One of the oldest and most stable cryptocurrency introduced, bitcoin has grabbed everyone’s attention. If you plan to put some of your hard-earned money into the cryptocurrency, here are some things that you must be aware of.

Why Do You Need a Bitcoin Trading Software?

There is only 21 million bitcoins in the world; their price is heavily dependent on the number of people interested in buying the coins and trading them. The several ways to collect bitcoins include setting up a store that allows bitcoin for payment, exchange with someone for dollars, or get them from exchanges and mining.

Bitcoin exchange is the online forums that allow you to buy the currency from any part of the world. You can also opt to mine the bitcoins. This can be done by solving some problems and earning bitcoins in return.

Since the currency is quite volatile in nature, the day-to-day movements of it can be difficult to track for anyone with a day job. This is where the trading software comes into play. This software keeps track of the day-to-day movements of the currency and help you figure out when to buy or sell more.

The Top 3 Things to Know About a Bitcoin Trading Software

A good Bitcoin trader will help you know how to get the best out of your bitcoin trading software.

1. You can Handle Multiple Cryptocurrencies at Once

Most of the trading software not only allows you to invest your money in bitcoin but also other cryptocurrencies. The software provides you all the information you need along with the statistics that’ll help you understand the amount of risk involved in buying the currency. They keep track of all the crypto coins you own and make decisions on your behalf which one needs to be bought more of.

2. Have Control Over Your Cash

The idea of software does sound like you’re giving control of all your money to someone else. However, it’s quite different from what it seems. The software only handles the money that has been invested already. Some of the software does involve an auto withdrawal option so that the money you get after selling bitcoins goes straight to your account. However, others provide you with the liberty of dealing with your cash the way you want.

3. Use Auto Trading Bots

Many of these provide you with an auto trading bot that takes every single decision regarding your purchases on your behalf. The bot will be able to exchange bitcoins for you as well as mine them when needed.

These bots are user-friendly and earn you a good amount of profits by making logical decisions. A lot of companies also offer customized bot services that allows one to build their bot as per their requirement with the investment.

Digital Currency

3 Reasons Why Online Trading is a Smart Decision

By Ashutosh Jha → Tuesday, April 10, 2018

With the advent of the internet, so many services that traditionally used to be done in specific locations have been made available online. These services range from government services, buying goods, leisure services, booking planes, requesting taxis, renting houses, trading Forex and many more. An online ecosystem provides a more convenient and easy way for reaching many people and serving them all at once regardless of their location.

That aside, let us focus on online cryptocurrency trading which has become a lucrative investment option for many in the current world. Outlined are three major reasons why online trading is a smart decision.

1. Automation

One fact is that cryptocurrency trading, especially for Bitcoin, is extremely volatile and quite difficult to do. It requires a lot of hard work, patience and years of experience for one to make substantial profits from it. Typically, numerous investment principles and market analysis have to be considered before placing a trade.

The good news is that with the recent advancements in software technology, financial and blockchain experts have found a means of trading Bitcoins and other cryptocurrencies in a way that is rewarding for investors. This is through automated trading systems such as Bitcoin Code which employs sophisticated algorithms that analyze market patterns and place profitable Bitcoin trades for its users. This has made the crypto-trading experience less frustrating and more rewarding to investors.

2. Convenience

Online trading, regardless if it is Forex or cryptocurrency exchange, allows you to place and track your orders from the convenience and comfort of your home or office. The automated trading systems that we noted in the previous point takes this even further since the system places orders on behalf of the user. The user only sets the trading parameters which include the number of assets they wish to trade, the number of trades they want the system to execute for them and the specific assets they prefer to trade in. After this, the user can sit back and track the returns the software is making.

3. No downloads required

In some cases, an investor is required to download the trading software before he/she can begin trading. However, with the advent of cloud computing, all the software files, data and any necessary information can be stored and accessed securely from the cloud. This also makes the software to be run on any operating system and in any device with an internet connection. Traders can now stop worrying about acquiring storage devices and concentrate more on the actual trading. It’s also important to use online trading platforms such as the one mentioned above that employ enhanced security measures for the safety of your assets and data.

In conclusion, online trading platforms integrate the features of traditional systems with technology and the internet to offer users a better and fulfilling trading experience. You do not need years of experience to begin trading, you can get the grip around it by simply signing up in one of these platforms and start making profits.

Digital Currency

3 Ways a Software Program Can Benefit Your Trading Efforts

By Ashutosh Jha → Friday, April 6, 2018

Technological advancements have a significant impact in the business world. The invention of software programs has elevated businesses to higher and efficient platforms compared to several years ago. Trading software programs are among these inventions.

They are computer programs that enhance trading of products. Brokers provide these programs to assist business people to trade their plans and manage their accounts. Brokers offer a vast range of programs. You will choose as per your objectives such as your targets and the interface suitable to meet them.

Some of the benefits of using a software program for your trade include:

1. Trade Diversification

An investor can opt to trade in one or more items using a software program. The program provides traders with a platform to diversify their risks by selling different items. Using a platform such as the QProfit System will help you to identify the market opportunities for risk diversification. The chances are spread across the several instruments of trade.

The approach implies that when a trader makes losses on one item, the impact will not be as much compared to a scenario where only one item was put up for trade. You can incur a loss with one investment and make a profit from another. It would be challenging for humans to accomplish the diversification, but the computer programs do it within a short time efficiently. Traders may encounter challenges when checking for trading opportunities in different markets to generate orders and monitor trades within a short time compared to the software programs.

2. Efficiency

Using a software program guarantees you a boost in terms of entry speed. Computers respond faster compared to humans. They will respond quickly and efficiently to the dynamic state of the market and generate orders once the trade criterion is met. High efficiency will also help you identify and monitor the market trends better. You can decide to go forth with the transaction or pull out in case there is a likelihood of incurring a loss. There is automatic generation of orders once you enter your position.

3. Room for Testing and Making Changes

Most traders that prefer to execute trades manually instead of utilizing computers have a time limit in testing different markets. It will take a lot of time and resources to check if your strategy works in different markets. Using a software program is easy since you can test the plan in different market settings.

Also Check: 5 Best Crypto Trading Tips

You can find out the faults in your strategy and make changes that will boost its performance by determining when it is right to turn on or off the program. You can opt to make the changes or come up with another strategy. Instead of doing the latter, some systems recommend the right changes that will help. The approach will determine if your plan is viable or not in the current market conditions using past or present price information.

Conclusion

These were some of the best ways where you can use the software for the trading and get the best out of it. Crypto mining is one of the most profitable stuff nowadays and so, you should use the best out of it.

Digital Currency

5 Reasons to join the Crypto VIP Club

By Ashutosh Jha →

If you trade in cryptocurrency, then you need to join the Crypto VIP Club so that you can enjoy the features of this platform and be able to trade in this currency with ease. This is one of the most effective trading robots that traders of crypto coins can rely on to make a profit in their endeavors within the crypto world of activities. There are many advantages that come with joining the Crypto VIP Club. We shall discuss some of these advantages.

Here are 5 reasons to join the Crypto VIP club:

1. A Professional team created the robot

The fact that this trading robot was created by a professional team means that you can trust it to work for you all the time. The robot was created by Andrew King and a team of other professionals. It is easy for you to sign up for the robot and start trading. You can even open free demo accounts before you start trading with the platform. You can even live chat on the platform and make phone calls to get all support that you may need when you encounter problems with the platform.

2. You can easily deposit and withdraw your coins

For you to trade in the cryptocurrency, you have to deposit and withdraw the crypto coins. You will need to make an initial deposit so that you can start your trading experience. You will be happy to note that with the Crypto VIP club, you can easily deposit your coins through VISA, Master Card and Maestro. It is also possible to do so with Wire Transfer, Web Money, Skrill and other methods. You can visit the website to find out more.

3. Crypto VIP club is authentic

There are people who could be peddling rumors over the authenticity of this robot. It is important that you get to know the truth so that you can make an informed decision. You can read reviews of this robot online so that you get to know how it works and how the people who have worked with it have experienced its advantages. The authenticity and credibility of Andrew King has already been proven. You can even find his photo on the website and this means that you have nothing to worry about as you use the product.

4. How does Crypto trading robot work?

So, how does the robot work to help one make profits or gains in the crypto world? This is definitely something that one would want to know before they can start using the robot. Well, this robot has access to all the valuable and popular cryptocurrencies such as LiteCoin, Bitcoin, and Ethereum among other currencies. One of the advantages of this robot is that it gives you access to all the most common cryptocurrencies and gives you a chance to choose and trade in any currency of your choice.

5. There are authentic stamps of approval issued

The fact that there are many authentic approval stamps that have been issued to the trading robot by reputable companies means that you can join the club and use it to your benefit. Companies such as CNN, Forbes and Financial Times have given Crypto VIP club these stamps.

Digital Currency

5 Tips To Crypto Trading

By Ashutosh Jha →

Crypto trading has been on the market for several years now with more people embracing the cryptocurrency platforms in an effort to make it in the trading industry. In order to be a successful trader or investor in crypto, one needs to clearly understand how trading works and the strategies required so as to avoid making mistakes.

Losing any investment in crypto trading is not a new thing, but it can be prevented. Not everyone can trade successfully and there are several pitfalls that one can face, but with the right steps, one can make a fortune out of crypto trading. Here are tips that you can apply and triumph in crypto trading.

Know why you want to venture into crypto trading

It is important before venturing into any business to know and understand your sole reason for getting into the business. With this in mind, you can then strategize on how to succeed in the trading industry. As previously pointed out, not everyone will benefit from crypto trading. While one person benefits another one loses.

Most experts in crypto trading look into beginners making mistakes from which they benefit. Knowing which mistakes to avoid is essential so as not to lose your expensive investment. It is not a must that you trade every. Trade only when you feel that you should and try to avoid loses at all times.

Also Read: Reasons to Invest in Coin Clarity

Search for potential coins

It is likely that during the bear market, some coins might gain by a certain percentage when the market bounces back, as opposed to the previous fall in the stock prices of an investment. Find any underestimated coin projects, keeping track of any that might be present in the market.

Execute stop losses

With the fluctuation of valuations between 5 and 10 percent on a daily basis, most traders are at risk of losing their investment. Despite which kind of crypto trading you are participating in, whether Bitcoin or CFD, the use of a stop loss is a great way to protect your investment.

Stay updated on trending news

You will not miss an article or two about crypto trading and how various cryptocurrencies such as Bitcoin have been performing in the market. Some news items influence the overall price and performance of cryptocurrencies. Be ready to learn and understand the data being shared. Get more information and opinions about crypto trading from professionals and those with long-term experiences in the trading industry.

Learn more about technical analysis

A clear knowledge and understanding of technical analysis is a must before one engages in crypto trading. One should be able to analyze pricing charts, indicators and read prices. Spend some time learning more about the basics of technical analysis like relative strength index and moving averages. This will help protect your investment in the bear market and enable you to improve your chances when the market rebounds.

With the right focus, one can reap big with crypto trading. You can also use the Crypto Code system, which is effective for both beginners and experienced users.