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Bitcoin Exchange General

Fighting Fraud in the Bitcoin Industry

With Crypto-Fraud on the rise, Tech View OU and Yotam Namir and Robert Provorovas company directors taken a more proactive approach in designing the process flow of its exchange platform, CoinTandem.

System developers and digital entrepreneurs are continually required to think ahead and imagine their built system’s intended use-cases and its misuse or abuse cases. The duo of Yotam Namir and Robert Provorov of Tech View OU is leading the charge in the fight against crypto-fraud in the Bitcoin industry with the development and integration of fraud mitigation systems on their Bitcoin exchange platform, CoinTandem.

CoinTandem is a digital block chain service that is revolutionizing the digital currency exchange platform process. The platform uses propriety algorithms and combines advanced payment processing with state-of-the-art fraud prevention technology to offer a safe and secure platform for all.

The Problem

Compared to the fiat currency, digital currency offers a highly unique set of security challenges. The sheer volume of the market, the anonymity of transactions, and the fact that it is instantly transferable and that transfers cannot be reversed attract lots of fraudsters to the industry like bees to honey.

Fraud schemes prevalent in the industry include identity theft, wallet hijacking, exchange scams, fake ICOs, Bitcoin Ponzis, etc. Although not all of these fraud schemes fall under the exchange platform’s mitigating purview, exchange platforms are constantly revolving their audit risk procedures to capture as many risks as possible.

Like canaries in a coal mine, exchange platforms are the usual targets for bad actors looking to breach the bitcoin ecosystem. To protect customers, exchange platforms like CoinTandem have developed propriety systems and are continually updating such systems to protect against various risks.

The CoinTandem Response

CoinTandem has developed a fraud-prevention system that loops both human and machine learning efforts to stop fraud. The propriety systems effectively utilize machine learning as one piece of the puzzle to prioritize risky users to watch more closely and a strict user onboarding process that mitigates the risk of identity theft.

But it doesn’t end there.

Some of the other procedures that push the zero-tolerance on fraud agenda of CoinTandem include an enhanced KYC protocol that is activated at the close of an exchange. What happens is, before an exchange is completed, the client is required to re-confirm by electronic signature his submitted crypto wallet and send BTC to the requested address.

In card transactions, OTP technology is activated for every buy transaction to ensure that only the owners of cards or due representatives are making purchases with such cards. Also, prior to a credit card purchase attempt, and in addition to the T&C, a Pop-Up disclaimer with a short and clear message asks the client to confirm that a 3rd party does not instruct him and that he is the sole owner of the wallet he has submitted on our website. The essence is to prevent Ponzi related bitcoin scams.

Some of the security features of the CoinTandem Platform include:

  • 2 – Factor authentication.
  • Robust real-time user verification.
  • Advanced platform with propriety algorithms and technology-driven fraud prevention systems.
  • Full KYC procedure in place to mitigate identity theft.
  • Full encryption of transaction to mitigate hijacking.

CoinTandem, a Tech View OU company is regulated by the Financial Intelligence Unit (“FIU”) in Estonia and licensed to “Providing a virtual currency service”(license number: FVT000205)
https://lp.cointandem.com/

Categories
Binance Exchange

Binance Exchange Review

Binance is one of the most popular cryptocurrency exchanges in the world, despite being a relatively new player. The platform was originally based in China, but moved its operations to Malta earlier this year.

Binance is considered a centralized exchange and cryptocurrency exchange that deals only with cryptocurrencies such as Bitcoin, altcoin and ICO tokens.

Security

The binance exchange office is considered a safe place to trade even though it was hacked in March 2018.

Accounts are secured using 2FA (Two Factor Authentication), which makes it difficult for hackers to gain sensitive information. As an added security measure, users can set up a unique anti-phishing code, which allows them to distinguish between fake and legitimate emails. Withdrawal processing takes place after users confirm via email.

In March 2018, hackers tried to make a bold move that was fortunately noticed by the automatic exchange systems. For months, hackers collected user login data and then attacked, converting all BTC users into Viacoin, pumping up the price of coins and selling their Viacoin stocks. Before they managed to withdraw the BTC, the automatic systems reacted and none of the users lost funds except hackers, which will be donated to charity.

This event strengthened the trust of users in the Binance exchange office, as not only did their system detect the intentions of the hackers in time, but they also offered a reward of $ 250,000 for any information that would lead to the arrest of the attacker.

In May 2019, unfortunately, there was another attack, this time the attack was successfully carried out. The hackers managed to steal 7074 BTC, which was worth 42 million dollars at the time of the theft. Binance has decided to compensate all losses to customers using their “CFCA” fund. The fact that Binance made up for the losses further strengthened the crypto community’s trust in this exchange office.

Luckily, the Bitcoin network is transparent, so you can see the Binance Bitcoin wallets at any time you may wish so.

Right now, their BTC balance is 181,109, which converts to around $2,141,212,745 at this very moment.

Account verification on Binance

Users (Level 1) do not have to submit any documents to view cryptocurrencies.

In order to verify the order and progress to Level 2, users must submit some of the documents issued by the state. In addition to the documents, users should provide personal information such as name, country of residence, age, gender and send their picture showing how they hold the documents.

This is a standard KYC (Know Your Customer) and AML (Anti-Money Laundering) procedure.

Methods of payment

Users have several options at their disposal, payment by debit and credit cards (Visa and MasterCard) issued by the Simplex company or purchase of cryptocurrencies using USD and EUR through PAX and TUSD stable coins. There is also an option to convert TUSD and PAX back to cash.

Supported cryptocurrencies on Binance

Binance exchange office allows its users to trade a large number of altcoins and cryptocurrency tokens. Currently, more than 1200 different cryptocurrencies are listed on their exchange office.

Pairs are supported through BTC, BNB, ETH, XRP as well as through USDT, PAX, TUSD, USDC and USDS.

You can see the full list of supported cryptocurrencies here.

Trading fees on Binance

The general trading fee is 0.1%. Based on the 30-day average trade volume and the amount of BNB tokens, the maker/taker fee varies from 0.015% to 0.075%. If the trade fee is paid through the BNB, then a discount of 50% is applied during the first year, 25% during the second, 12.5% during the third and finally 6.75% for the fourth. During the fifth year, the discount does not apply.

Deposit and withdrawal fees

Binance exchange office has no cryptocurrency deposit fee nor is there a minimum deposit amount.

Withdrawal fees and the minimum withdrawal amount vary depending on the cryptocurrency. For BTC, the minimum withdrawal amount is 0.002BTC with a fixed fee of 0.0005BTC.

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Bitcoin

How to sell Bitcoin?

Charging your Bitcoins is not as easy as buying. If you decide to sell your Bitcoins online, you can do so through an exchange, direct trade or by conducting a transaction without an intermediary (peer-to-peer).

Out of the comfort of your own home, you can withdraw money using Bitcoin machines or sell your Bitcoins in person.

Bitcoin Exchanges

Despite several shortcomings, exchanges are a one-time solution when it comes to Bitcoin trading. In the case of cryptocurrency sales, exchange offices act as intermediaries who keep the funds of both the seller and the buyer.

First, you must open an account at the exchange of your choice. Most reputable exchanges will require full identity verification and an associated bank account so you can withdraw your funds.

Then simply set an offer to sell, stating the type of currency you want to trade, its quantity and the price you are looking for per unit. The exchange office will automatically complete the transaction when someone agrees to your offer.

Once the funds reach your account, you must withdraw them to a linked bank account. This can sometimes take quite a while, especially if the exchange has problems with its banks or is facing liquidity problems. A few months before the bankruptcy, the Mt. Gox exchange had this problem. Moreover, some banks simply refuse to process transactions with funds obtained through cryptocurrency trading.

It is also important to consider the fee you will have to pay to use some exchanges. For example, one of the largest cryptocurrency exchanges in the world, CEX.io, charges $50 for withdrawals via Bank Transfer, $3.80 if you withdraw your funds to a Visa card, and 1.2 percent of the transaction + $3.80 if you use a MasterCard. Withdrawal fees can vary drastically depending on the exchange office, but transaction fees are almost always either small or non-existent.

In addition, most exchanges will have a limit on the amount of money you are allowed to keep. The limit will increase over time if you remain loyal to a particular exchange.

Finally, it is important to remember that exchanges, whether or not they offer wallet services, are not a safe and reliable place to store your funds. They are very prone to hacker attacks, and there are also cases of exchanges that are shut down and leave with the user’s funds. Therefore, you should take full responsibility for your funds and put aside the amount you do not need immediately in your offline wallet.

Some of the best/most used Bitcoin exchanges in the world:

Cex.io

Coinbase

Buy Bitcoin Finder

Kraken

Australian crypto exchange

Direct exchanges

Another way to sell Bitcoin is to trade directly with another person. This service is available on sites often linked to exchange offices and includes an intermediary who facilitates the connection.

First, you need to register as a seller. In addition to setting up your profile, you need to fully verify your identity. Once you have registered, you can place an offer indicating your intention to sell Bitcoins. When a customer wants to trade with you, you get a notification from the service, and since then you are only interacting with the customer. The website only serves as a platform to complete the trade.

The process of selling Bitcoin on some of these sites can be quite complicated and time consuming. So, it is necessary to do research before you decide on a trading platform and be sure that you have the necessary time and patience.

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Bitcoin General

What Can I Buy With A Bitcoin?

Do you imagine buying anything with crypto, just like with real money?

Many of us had that thought. But if it were possible, wouldn’t it have happened already?

Real and cryptocurrency are different things, so that scenario is unlikely to happen. But did you hear about the exclusive privileges of Bitcoin?

BTC may be worth as much as the USD. Except that Bitcoin is in constant expansion and is volatile. Despite the risks, Bitcoin buyers enjoy certain benefits the average shopper will never have. Can you imagine what it is?

3 Things You Can Only Do Buying Bitcoin

Sure, Bitcoin can look attractive as a modern payment method. And so are hundreds of altcoins! If we trade with Bitcoin, there must be a valuable reason to do it other than trends. Because what makes Bitcoin better than, say, the dollar?

#1 Crypto Cash Back Rewards

You heard the saying. “The future is already here. Just not evenly distributed.” Bitcoin prices go up as more people join the market. The more we use crypto, the more prices go up. It’s offer and demand!

That’s why big brands reward you for buying from them with Bitcoin. You can buy the exact same product and get a cash reward.

Choose the product you want and buy it from a Cash Back website. If you buy using their link, you get free Bitcoins for using the currency.

Imagine you spent $100 this way. You would have put $100 and got, for example, $18 worth in bitcoin (which you can turn into dollars).

#2 Earning Potential

With cashback rewards, you buy a product and become a Bitcoin investor at the same time! Back to the example, those $18 you won may turn into thousands of dollars…or less.

Since you didn’t earn that money, there’s no real risk. But who wouldn’t like extra cash as a surprise? If we combine it with the cashback program, you get double rewards.

Using the same money. A no-brainer.

#3 You Diversify

Many people despise the volatility of Bitcoin. If it goes done, it’s not fun anymore. Did we mention Bitcoin transactions are permanent?

Now, real currencies aren’t safer either. Your money saved in the bank is worth less today than yesterday. It will be even less tomorrow due to inflation.

No matter how consistent a currency is. If you put all your eggs in one basket, your risk is maximum. If anything goes wrong (as happens every few years), your personal finances will suffer.

Then, should you buy Bitcoin? It’s not precisely stable, but it’s better than having only one currency. Many suggest keeping at least a tiny amount, something you don’t mind risking.

Can You Buy Anything You Want?

Sorry, but that won’t happen, at least in 2020. If anything was for sale with Bitcoin, everybody would use them to avoid taxes. And you can potentially double your money doing, well, nothing.

Everything has intrinsic value regardless of market perception. Bitcoin is so volatile that it would often misrepresent the true value of an asset.

Yet, some big brands manage to get over the obstacles and make Bitcoin available. But despite the efforts, Bitcoin has its limits, which is what makes it different from real currency.

Will it become a global currency? Who knows. All we know is Bitcoin is expanding and is here to stay.

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Bitcoin General Litecoin

Litecoin vs Bitcoin

Litecoin, the one that is putting up the fight

Being the first cryptocurrency in the market, Bitcoin (BTC) has marked the route for many of the currencies that continued to emerge. And many of these currencies that continuously appear try to offer changes to what Bitcoin posed in order to provide an “improvement” to the existing.

However, the vast majority remained in failure.

Litecoin (LTC) was one of the few cryptocurrencies that managed to propose solid differences that improved some elements of the Bitcoin system. To get to know the Litecoin project better, we will explore in this guide and tell you what are the differences that arise between when we compare Litecoin vs Bitcoin.

The limits in coin production

Like Bitcoin, within Litecoin there is a cap on the production of coins to guarantee a stable and controlled supply. In the case of Litecoin, the cap is set at 84 million coins, a number that exceeds 4 times the cap of the 21 million units of Bitcoin.

This cap was deliberately decided and focused on the idea that as Litecoin is a currency designed for small transactions, there should be 4 times more currencies in circulation compared to Bitcoin.

Block processing speed

When Charlie Lee released his project to the public, he explicitly mentioned the need for faster transactions than those offered by the Bitcoin network and, for that purpose, one of the points that needed to be worked on was the confirmations. In the case of Bitcoin, a block is confirmed in 10 minutes, which directly affects the speed of the transaction.

Charlie Lee stated that the Litecoin network could take a quarter in the process of confirming a Bitcoin block, the desired time was 2 minutes with 30 seconds for each block of transactions

Obviously, this speed in the confirmation of blocks was done by sacrificing security (or at least that was what Charlie Lee himself claimed from the beginning) although this would not affect so much since, in theory, Litecoin transactions would only be for small transactions.

Lee mentions that, if safer transactions are wanted, users could choose to do operations on the Bitcoin network with their 10-minute processing per block.

Another fundamental difference – that is generated by the speed at which the blocks are created -, is that within the Litecoin network a greater amount of “orphan blocks” is made by the speed at which transactions are carried within the network.

Orphaned blocks arise when two miners correctly solve a block, but, with a difference of very few seconds, generating two “correct” blocks within the network at the same height. The network will continue to generate blocks and use one of the two blocks as a base, leaving one of the blocks as an orphan. Then the miner that made this orphan block does not receive any kind of reward for his work.

Amount of coins produced per day

Let’s try to remember that, as a block of transactions is added to the network, a reward is released for miners who have worked on the coding and processing of that block. Now, in the case of Litecoin we can see that, by having faster block processing, there is also an increase in the amount of coins that go into circulation every day.

So that we can have the numbers, in the Bitcoin network about 144 blocks are produced per day while in the Litecoin network the production is raised in 576 blocks in the same period of time. When the blocks are generated at this speed, the Litecoin network puts 4 times more coins in circulation than what we can see in its Bitcoin counterpart.

With all this in mind, you’ll understand that Litecoin is a certainly different option from Bitcoin; Oriented to another type of use.

If you are interested in knowing more about how to own this cryptocurrency, I encourage you to continue reading the following section.

What are the best Litecoin wallets?

Litecoin is stored securely on your computer, tablet, cell phone or laptop. Performing operations with this currency is so easy, you just need to configure your wallet and start sending or receiving coins.

By maintaining full compatibility with the Bitcoin API, Litecoin is very easy to integrate into applications that already offer support for Bitcoin. One of the main advantages offered by the Litecoin network is the fastest transaction confirmation, making it the ideal currency to make small purchases.

Please check the following article to find the best option for your Litecoin Wallet.

Categories
Binance Bitcoin General

How To Exchange Bitcoins To USD

Have you made money with Bitcoin? Great! Now it’s time to convert those coins into real currency, like USD.

Google “Bitcoin to USD,” and you will find dozens of exchange websites. It’s the most popular pathway out there.

For smart investors, this method is inefficient. Every time you move your money, the platform charges a fee, which makes active investing not viable.

Sure, you could buy and hold until you get the right timing. But there’s still a delay since you request until they make the transfer. By the time you convert to USD, the value will be different.

Then, what’s the solution?

You’re in luck. There are three methods for your choice to reduce costs. Today, you can exchange Bitcoin almost anywhere with a crypto wallet.

Bitcoin to USD – How To Exchange It Online

Apart from brokerage websites, you can trade with investors who are just like you. Although it’s not the fastest method, it will reduce transaction fees.

If you want to buy or sell right now, take a look at the top Bitcoin exchange platforms. For an extra cost, you’ll transfer funds in less than 15 minutes.

Like BTC-USD, you can convert Bitcoin to other altcoins, diversifying your investment. When you move larger amounts, always look to keep fees as minimal as possible.

For this reason, Binance has over a million users. For crypto exchanges, it charges 0,05%. Compared to Bittrex and Changely, that’s 500% cheaper!

Binance is the leading exchange app, which makes transfers fast and convenient.

You can use it to store your Bitcoins, convert them, and watch the crypto-market evolve in real-time, all at the same time.

The Most Efficient Way To Exchange Bitcoin

So you want to make as much profit as possible. The approach will change based on the game you play. Are you looking to make fast moves, or accumulate larger amounts? In other words, are you a passive or active investor?

Let’s start with the passive strategy, the most recommended model for the public. Once you save a big Bitcoin amount, you can do a peer-to-peer exchange. It’s slower but keeps fees as low as they can be.

Say you want to cash out 100$ worth in Bitcoin. In peer-to-peer, you find a person who wants to do the contrary, buy Bitcoin at $100.

There’re many sites to find trustworthy investors. You can either meet in person or trade online. You coordinate both payments, so you send Bitcoins to his crypto-wallet right after he pays the amount. Transfers range from ten minutes to an hour, but you save a fortune in fees.

As an active investor, you look for a balance between cost and time. Binance is perfect for this method. The cost is low enough to trade frequently and fast enough to get accurate sums.

If you day-trade, combine this method with the right trading equipment.

You can turn BTC into USD exchanging in countless of sites. The offer you choose will depend on your transaction volume and frequency.

Remember, you can lend the Bitcoins you don’t want to convert, so you make money from interests. You can always make your investment more efficient.

This post was written by Colleen Nguyen, freelance blockchain developer, Bitcoin trader and mother. In free time, she likes playing tennis, reading awesome books and wearing bitcoin shirts.

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Bitcoin General

Bitcoin Price History: How Much Has It Changed?

bitcoin price history

Bitcoin is attracting many new crypto-investors. Despite being volatile, it’s the most stable of the top 10 crypto-currencies. It’s been twelve years since the first Bitcoin exchange.

For the last 12 years, people have seen different trends. It changes so rapidly that it can be confusing to make a choice? When should you buy it? When should you sell?

Although the past doesn’t dictate the future, the market tends to repeat it’s patterns. Thus, you have the highest success chance if you understand the bitcoin price history.

How Has Bitcoin Gone This Far?

Bitcoin never stopped surprising investors. It’s grown steadily for most of the time. You can see on a graph it’s stayed on the same spot for many months.

The coin has never gone off the charts consistently. We’ve only seen it happen twice: December of 2017 and Jun of 2019.

For new players, it may seem like Bitcoin went big out of nowhere. The reality is, it never stopped growing. If we ignore the eventual spikes, we’ve never seen a negative trend.

In the worst case, Bitcoin bounced back from the market ceiling and kept the same value for long periods of time.

Then, what can we learn from its price history?

The Initial Price History Of Bitcoin

We’ve all heard it. “If you bought BTC in 2011, you’d be a millionaire today!” Like many others, Bitcoin was an emerging trend at that time.

The first stage you’ll see goes from the invention of Bitcoin until the first burst in 2017. It’s the first time people hear about cryptocurrencies in general.

Isn’t it strange? Until 2017, there weren’t any downtrends, counting from 2011. It was certainly the best to invest.

The reason for this is the popularity. Back then, BTC was in the Expansion Stage. Compared to 2020, nobody knew that Bitcoin existed.

In 2017, the crypto market got enough activity. That’s when we started to see the usual patterns of the financial game. The early birds, of course, made a fortune.

The Bitcoin Bear Market

Since 1900, bear markets have occurred every three to five years. When they come, these events last about a year. According to history, bear markets turned into 80% of the time.

What we’ve explained is what happened to Bitcoin next. After the “big crash,” Bitcoin started this negative trend. Prices weren’t going down, but neither going up. You could look at it as the market floor.

One year later, Bitcoin rises in the first half of 2019. Coincidental? No, predictable. At this point, investors have studied Bitcoin for eight years since 2011.

That’s more than enough to spot the long term pattern. Ignoring the spike, you see the slight upper inclination in the chart. That’s what we are experiencing in 2020.

Wrapping Up

For many reasons, investors prefer to stay away from crypto. They are popular for being the most volatile values in the market. But even if that’s true, you can still profit by studying its past performance.

Volatility is what makes it attractive for new investors. We love the idea of scoring a home run, even if the risk is notable.

All in all, Bitcoin remains stable and won’t go down anytime soon. No matter how much it skyrockets or crashes, the long term projection is likely to be good. Just like its history shows.

Related Links:

https://cointelegraph.com/bitcoin-price-index

https://cointelegraph.com/news/bitcoin-price-surpasses-9-700-to-hit-new-2020-high

https://99bitcoins.com/bitcoin/historical-price/

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Bitcoin General

Will Bitcoin Go Up Again?

Is there an upcoming trend in bitcoin? How much will crypto coins grow this 2020?

Some experts believe it has already started. Brian Armstrong, the founder of Coinbase, sets the prediction at 20K by the end of the year. John McAffee expects bitcoin to rise well over a million.

This October, the billionaire Peter Thiel invested over $20 million on new bitcoin mining technologies. Aside from these events, the global economy could influence as well. Here, Adam Back explains how USD inflation could raise the bitcoin price even more.

What makes this year different? Why are influential people getting into crypto precisely now? Do they now anything we don’t?

Bitcoin has generally gone up since 2017 despite the 2018 spike. But what if we in front of a new one? Most investors expect bitcoin to skyrocket even beyond the boom of 2018.

Will Bitcoin Go Up Again?

For new investors, these price changes are an opportunity. Once it goes up, it will be too late to get in, so how should you prepare? What’s the risk and reward of crypto?

The first clues of bitcoin growth came up this October. At this moment, Bitcoin grows at a rate of 20% per month. Although it reaches high values from time to time and bounces back, the price still goes up. We’ve seen this happening since December 2018.

Even if there was a crash, past records suggest it will get back up. Now that it’s accelerating, there’s not much time to reach. When will the explosive growth happen? You should expect it within the first half of the year.

What do crypto investors know about bitcoin?

Will bitcoin go up again? How can John McAffee be so confident about the trend? Until today, we’ve mined over 18 million bitcoins in total. By the end of May, the number could reach 21 million, which is the hard limit set.

Of course, value increases lead to a slower production. But what will happen once we reach this cap?

There’s no governance system to regulate cryptocurrency. Will we just stop producing more coins? Could we set a new production limit?

The final decision will depend on the crypto community consensus. Regardless of the result, this event would globalize bitcoin. More and more countries could recognize it as a real currency. World-class brands would use cryptocurrencies as the primary format.

In a few words, this could cause a dramatic increase in bitcoin. Here is where John McAffee’s prediction starts to make sense.

Now, this doesn’t deny the usual ups and downs of the market. Once the major event happens, investors will have little time to react before it goes back down and regulates.

When the value goes far beyond the expected “ceiling,” you should expect it to stabilize. For smart investors, those few days are more than enough to meet such an opportunity.

Final words on Bitcoin Potential

Bitcoin has grown slowly but surely despite occasional spikes. While most crypto coins are volatile, this one is the most stable. This consistency may be indicating the market “floor,” so Bitcoin is about to go up.

No matter how much evidence we gather, there will always be uncertainty. Luckily, today’s investors can prepare better for potential growth.

We saw a similar trend in 2018. What made Bitcoin go up, and how does it relate to 2020? Could we find patterns in other coins like Ethereum? If you connect the dots, you may find your opportunity before it’s too late.

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General

Trading Bitcoin: 3 Ways To Multiply Your Profits In The 2020 Boom

How can you trade Bitcoin?

In 2020, cryptocurrencies have become the new trading trend. There are bigger opportunities. Should you join the game?

Trading bitcoin can multiply your income dramatically, even with a small amount. It’s a passive income stream based on strategy.

How can you make money with bitcoin? How long will it take? All comes down to a balance of risk and reward.

There is no right answer because we don’t know how important both variables are to you. Depending on your strategy, you could get decent returns from one to six months. Here are three ways you can choose to trade bitcoin.

#1 Buy And Hold

One of the broadly used tactics is to buy and sell bitcoin. Although it’s not the fastest way to make profits, it has low risk and is 100% passive.

Remember that cryptocurrencies are more volatile than average stocks. Because values change faster, there is more opportunity for new investors.

That’s why buy-and-hold works better with bitcoin. You could put $1000 today and get $1500 a month later. Of course, It requires you to do research and know the right timing.

If you learn when to buy and sell bitcoin, you can get unlimited upside with a reduced downside. Although there’s always a risk, you’d win more often than you lose.

#2 Lending Bitcoin

There’s a way to invest in companies using bitcoin and generate returns from day one. The process is simple: research the company you want to invest, send your bitcoins to that account, and the money will work for you.

It’s critical to understand your monthly returns. The more the company grows, the sooner you will pay off the initial amount.

Once you deposit an amount, it blocks for a number of months. Every day, you get a percentage based on your investment, depending on the average company growth. As a result, you get both the deposit and the earned interest.

Of course, you don’t need to wait that long. In most wallets, there is a feature called “compound interest.” It will reinvest your percentages to the first deposit. This will speed up the process and increase your income.

Here, the risk comes down to research. Do you trust the company? What are their track records? Can they get results consistently?

#3 Day Trading

In business, you can improve your skills to get better results and increase your income. Although it takes time and risk, it’s the fastest way to make good returns.

Day-traders know the ins-and-outs of their careers. They train skills such as pattern recognition, emotional intelligence, or mass psychology.

Due to the complexity of predictions, people have lost more money than what they’ve earned. However, this should stop beginner investors from learning more about day-trading.

Final Thoughts Of Bitcoin: How To Trade

There are dozens of ways to trade bitcoin, but these three are the basic strategies. The more you learn about your investments, the more money you can make.

When trading, remember to unattached from the process. Billionaires suggest acting as if you had already lost your money. The best way to reduce risk is to set an amount you don’t mind losing.

The most successful traders use to say: If you are not confused, you don’t know what’s going on.

No person or software can predict the future because it depends on variables we don’t control. Luckily, we control our decisions, skills, and knowledge. Those who stay for the long term always find a way to make it.