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Cryptocurrency has been around since the early 2000s and is being used as a mode of trading instrument by tech-geeks over the web. By the early 2010s, multiple cryptocurrencies have surfaced and have gained traction even to the common. The future of digital currency is here.
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BEHIND THE DIGITAL CURRENCY
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CURRENCY EXCHANGE
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TRADING PLATFORMS
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Month: July 2020

Choosing Your Digital Currency Exchange

July 27, 2020 Teemu Viinikka 0 Comments

So, you have used a service to invest in cryptocurrency or also known as digital currency and plan to buy it from an exchange. However, just before you make the jump, it is essential that you make thorough research of these exchanges to make the right choice. By selecting the right exchange, it can actually create a big role with your success of cryptocurrency investment.

As we move forward in this article, we are going to dig deeper on how you can choose the best exchange for your money.

Proceed with Caution

The very first thing that you have to remember while searching for digital currency exchange is the fact that there are frauds and scams out there. You additionally have to factor that they could have real impact on every investor’s actions.

So, how can you have assurance that a certain exchange is offering legit service? Initially, you need to check for physical address that’s associated to that exchange. In the event that there’s no address available, then that exchange should be considered a red flag automatically and move on to your next prospect.

Perform In-Depth Research

When talking about digital currency exchanges and crypto itself, reputation matters. So just before you go deeper to the point of creating an account, you have to take enough time in doing thorough research with the exchange that you are considering.

Never Compromise Security

The more difficult it is for you to make an account at the exchange, the better it is actually. If it is so easy to create an account, then it only says that the exchange isn’t that trustworthy.

What happens if all your digital assets disappear all of a sudden? You might have a more stressful time in tracking and retrieving your money.

Watch out for Pairs and Fees

You have sifted through your lists of all potential digital currency exchanges and have found some that seem to have outstanding reputation, no background of scams or hacks and stellar history when it comes to security. So what’s next?

The next course of action is to consider how the exchange is going to impact your investing. There are a couple of major factors that are used in distinguishing different exchanges and these are the pairs and fees they are offering. These may be based onto the size of transaction or they might depend on the activity you are doing. It is your job to learn further about pairs and fees to understand how it is going to impact your investments.

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Augment Finances Through Loans From Accredit Licensed Money Lender Or Invest In Cryptocurrency

July 6, 2020 Petteri Selin 0 Comments

There will be circumstances in our lives wherein we might require additional money and one way to be able to do so is to get a personal loan. Because of technology and modernization, the loan application process of many lenders or credit company has become very simple, easy and quick.

Personal Loans – An Option To Augment Finances

In Singapore, for instance, accredit licensed money lender offers accessibility that is beyond compare. Just how? Well, with accredit licensed money lender, you can securely apply for a personal loan even as you are on the go. This means you could safely apply for a personal loan online, get a quick loan approval and receive your loan. If all goes well, you could even apply, get approved, and receive your personal loan all in the same day with any hidden charges!

Moreover, as accredit licensed money lender is certified by the government as well as other proper agencies, you are certain that you’re legally transacting with a licensed lending company and that they are operating in accordance to the law. Hence, choosing a licensed lender is something that any borrower should consider as it will make you feel more at ease.

Apart from the ones mentioned above, transacting with a licensed lender like accredit licensed money lender has its numerous benefits such as receiving low rates of loan interest, your personal information is safe and protected, and you avoid being harassed by unlicensed lenders

Investing On Cryptocurrency – Another Way To Augment Finances

Beside technology and modernization making the process of loaning more hassle-free, it has also provided a way for people to make money and have that extra financial boost they need. One way is to invest in cryptocurrency.

Cryptocurrencies have a lot of potentials. But just like looking for a licensed money lender and getting the right loan that meets your requirements and budget, you also need carry out your own careful research to make certain your investment and efforts won’t go to waste.

Below are a few tips to make informed choices as well as to safely invest on digital currencies:

  • Learn About Crypto Exchanges. Prior to investing, even a single dollar, on cryptocurrency, you have to be familiar with crypto exchanges. The platforms provide a way to both buy and sell cryptocurrencies, however, as per bitcoin.com, there are 500 exchanges to select from. This could confuse you and complicate things if you don’t do your research. Check out reviews, blogs, forums, videos especially from experiences crypto investors for valuable info.
  • Know Where and How to Store Your Crypto.  When you buy crypto, you should have a place to store it. You have the option to store it on an exchange or in your own digital wallet. There are various types of digital wallets and have their individual features, benefits, technical requirements as well as security. Again, so your research to make an excellent informed choice.
  • Consider a Diversified Investment. A diversified investment is an excellent strategy, and this strategy also works well when investing in digital currencies. There are thousands of cryptocurrencies to choose from that have their own potentials. Hence, it is best to spread your investment. But again, make sure you have done your research to choose the right crypto to invest on.

Investing in cryptocurrency has its many benefits but is also accompanied by its own sets of challenges and risks. Hence, do your research, come up with a plan and strategy, and be prepared for the worst and the best.

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