Starting with Crypto

Starting with Crypto

Investing in the Crypto Currency market can be a little intimidating for traditional investors because investing directly in Crypto Currency (CC) requires the use of new tools and the adoption of several new concepts. киви на биткоин - So, if you decide to immerse yourself in this market, you will want to have a very good idea of ​​what to do and what to expect.

The purchase and sale of CC requires that you choose Exchange related to the product you want to buy and sell, be it Bitcoin, Litecoin or any of the other 1300 chips being played. In the previous edition, we briefly explained the products and services available in several exchanges, to give you an idea of ​​the different offers. There are a lot of exchanges to choose from and everyone does things his way. Look for things that are important to you, for example:

- Record the policies, methods and costs of each method
- Rates and retirement policies
- What are the fiduciary currencies for deposits and withdrawals?
- Products that manage, such as coins, gold, silver, etc.
- transaction fees
- Where is this exchange based? (United States / United Kingdom / South Korea / Japan ...)

Prepare for Exchange configuration procedures for details and duration, because Exchange generally wants to know a lot about you. It's the same as creating a new bank account because Exchange is a valuable intermediary and they want to make sure you're what you say and that you're a trusted person. It seems that "trust" is acquired over time, because the exchange usually allows only a small investment.

Your exchange will save your DC storage for you. Many offer "cold storage", which means that your rooms are kept "offline" until you show that you want to do something with them. There was news of the hacked exchange and many coins were stolen. Remember that your currencies are in a bank account in Exchange, but remember that your currencies are only numeric and you can not change all transactions in the blockchain. Unlike your bank, this stock exchange does not have deposit insurance, so keep in mind that hackers always try everything they can get in their Crypto Coins and steal them. Exchange typically offers password-protected accounts, and many offer two-factor authorization systems, which should be taken seriously to protect your account from hackers.

Since hackers like to attack Exchange and your account, we always recommend using a digital wallet for your coins. It's easy to move coins between your Exchange account and your wallet. Make sure to choose a portfolio that treats all the parts you want to buy and sell. Your wallet is also the device you use to "spend" your coins with merchants who accept CC payments. Both types of portfolios are "hot" and "cold". Hot wallets are very easy to use, but allow your rooms to be exposed to the Internet, but only on your computer and not on the Exchange server. Large portfolios use off-line storage media, such as special hardware memory cards and simple prints. Using a cold wallet makes transactions more complicated, but they are the safest.

Your wallet contains a "private" key that allows all the transactions you want to make. It also has a shared "public" key on the network so that all users can identify your account when they make transactions with you. When hackers get their private key, they can move their currency where they want and it can not be changed.

Despite all the challenges and volatility, we believe that Blockchain's core technology is changing the game and revolutionizing the way transactions are done.