Tag: cryptocurrency exchange
After Bitcoin prices dropped below $20K last week, buying activities started picking up, which is the usual investing trend for commodities with volatile prices. The increased demand caused the price of Bitcoin (BTC) to rally, which today (July 19) closed at $23,466. This implies that those who were able to buy it at $19K can sell it tomorrow, and roughly gain around $4K. However cryptocurrency experts are saying that the rally in the price of BTCs does not mean that the crypto crisis is over, because there is still a chance that the price of BTCs could still hit rock bottom. Cryptocurrency owners should pray that no major cryptocurrency exchange company falls and be forced into liquidation.
As it is, Bitcoin has already lost 70% of the value created by the 2021 cryptocurrency trading and exchanges. During the year, the demand was so high, BTC prices peaked at an epic all-time high of $68,000 in November. Although it’s still a long way for BTC prices to go back to the prices reached in 2021, many who knew how to play their BTCs right made a killing by taking advantage of the spikes in prices when the demand became high. Not a few bought their BTCs when the digital coins were selling only between $3K and $4k in early 2019.
The Volatility of Cryptocurrency Ecommerce
If you’re looking to get into the cryptocurrency business, be wary that this is also the time when there are unscrupulous elements that will take advantage of the current rise and fall of the value of digital money, particularly bitcoin. Bear in mind that cryptocurrency uses a digital monetary system that exists outside of banks and other traditional financial institutions.
Transactions are between peers but kept confidential through the process of encryption. The purchase and storage of virtual money involve cryptocurrency exchange companies. However, as the sell-off at low prices continues, the BTC could become oversold to make recovery even more difficult to achieve, for a cryptocurrency company.
What to Look for in a Cryptocurrency Exchange and Storage Company?
Certain factors, such as financial backing of investors, fees collected, continuing availability of payment processing and transferring methods and high level security including updates, are good indicators of a good exchange site.
One thing that makes a cryptocurrency exchange platform present a feel of a traditional financial approach is when the crypto company has insurance coverage with the Federal Deposit Insurance Corporation (FDIC) on the digital money held on behalf of account holders. This gives a kind of assurance against potential loss in case of security breaches.
An excellent feature of an ecommerce cryptocurrency exchange site is an advanced trading and brokerage platform that professional traders can use when contemplating on selling their digital money. Brainvire ecommerce development recommends crypto exchange websites that provide trading accounts with a broad selection of payment methods.
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.