Coinbase: A Bitcoin startup is expanding to capture more of the market

The price of bitcoin soared in 2017. Coinbase, one of the world’s largest cryptocurrency exchanges, was in the right place at the right time to take advantage of the surge in interest. Still, Coinbase isn’t interested in taking its crypto gains for granted. To stay ahead in a much larger cryptocurrency market, the company is pouring money back into its master plan. As of 2017, the company’s revenue was $1 billion and more than $150 billion in assets were traded with 20 million customers.

Coinbase, a San Francisco-based company, is known as the leading cryptocurrency trading platform in the United States, and with its continued success, it was ranked #10 on the CNBC Disruptor list in 2018 after not- it was listed in the previous two years. .

On its road to success, Coinbase has left no stone unturned in poaching key executives from the New York Stock Exchange, Twitter, Facebook and LinkedIn. In the current year, the size of its full-time engineering team has nearly doubled. was bought by Coinbase this April for $100 million. This platform allows users to send and receive digital currency while answering mass market emails and performing micro tasks. The company currently plans to bring in a former venture capitalist from Andreessen Horowitz, founder and CEO of Earns as its first chief technology officer.

Based on the current valuation, Coinbase was valued at around $8 billion when it proposed to buy Earn.Com. This value is much higher than the $1.6 billion valuation that was estimated in the last round of venture capital funding in the summer of 2017.

Coinbase refuses to comment on its valuation despite having more than $225 million in funding from top VCs including Union Square Ventures, Andreessen Horowitz, and the New York Stock Exchange.

To meet the needs of institutional investors, the New York Stock Exchange plans to launch its own cryptocurrency exchange. Nasdaq, a rival of the NYSE, is also contemplating a similar move.

• Competition is approaching

As competing organizations look to take a bite out of Coinbase’s business, Coinbase is looking for other venture capital opportunities to try to build a moat around the company.

Dan Dolev, an instant analyst at Nomura, said Square, a company run by Twitter CEO Jack Dorsey, could eat into Coinbase’s exchange business because it started trading cryptocurrencies on its Square Cash app in January

According to Dolev’s estimates, Coinbase’s average trading fees were about 1.8 percent in 2017. Such high fees could drive users to other, cheaper exchanges.

Coinbase is looking to become a one-stop shop for institutional investors while covering its exchange business. To attract this class of white-glove investors, the company announced a fleet of new products. This class of investors has been particularly cautious about diving into the volatile cryptocurrency market.

Coinbase Prime, The Coinbase Institutional Coverage Group, Coinbase Custody and Coinbase Markets are the products launched by the company.

Coinbase believes there are billions of dollars in institutional money that can be invested in the digital currency. It already has custody of $9 billion in client assets.

Institutional investors are concerned about security despite knowing that Coinbase has never been hacked like other global cryptocurrency exchanges. The president and COO of Coinbase said that the impetus for Coinbase’s custody launch last November was the lack of a trusted custodian to safeguard its crypto assets.

• Wall Street is currently going from Bashing Bit to Cryptocurrency Backer

According to the latest data available from Autonomous Next Wall Street, interest in cryptocurrency appears to be on the rise. Currently, there are 287 cryptocurrency hedge funds, while in 2016 there were only 20 cryptocurrency hedge funds. Goldman Sachs has even opened a cryptocurrency trading desk.

Coinbase has also introduced Coinbase Ventures, which is an incubation fund for early-stage startups working in the cryptocurrency and blockchain space. Coinbase Ventures has already raised $15 billion for further investments. Its first investment was announced in a startup called Compound, which allows you to borrow or lend cryptocurrency while earning an interest rate.

In early 2018, the company launched Coinbase Commerce, which allows merchants to accept major cryptocurrencies for payment. Another bitcoin startup was BitPlay, which recently raised $40 million in venture money. Last year, BitPlay processed over $1 billion in bitcoin payments.

Proponents of blockchain technology believe that in the future, cryptocurrency will be able to eliminate the need for central banking authorities. In the process, it will reduce costs and create a decentralized financial solution.

• Regulatory security continues to be intense

For keeping access limited to four cryptocurrencies, Coinbase has received a lot of criticism. But they must tread carefully as US regulators deliberate on how to control certain uses of the technology.

For cryptocurrency exchanges like Coinbase, the issue of concern is whether or not cryptocurrencies are securities that would be subject to the jurisdiction of the Securities and Exchange Commission. Coinbase is slow to add new coins because the SEC announced in March that it would apply security laws to all cryptocurrency exchanges.

The Wall Street Journal reported that Coinbase met with SEC officials to register as a licensed broker-dealer and electronic trading facility. In this scenario, it would be easier for Coinbase to support more coins and also comply with security regulations.

Cryptocurrency for beginners

In the first days of its launch in 2009, several thousand bitcoins were used to buy a pizza. Since then, the cryptocurrency’s meteoric rise to US$65,000 in April 2021, following its mid-2018 plunge of 70 percent to around US$6,000, has blown many people’s minds : Cryptocurrency investors, traders or just the curious who missed the boat.

How it all started

It should be noted that dissatisfaction with the current financial system led to the development of digital currency. The development of this cryptocurrency is based on the blockchain technology of Satoshi Nakamoto, a pseudonym apparently used by a developer or group of developers.

Despite the many opinions predicting the death of cryptocurrency, bitcoin’s performance has inspired many other digital currencies, especially in recent years. The success with crowdfunding brought on by the blockchain fever also attracted those to scam the unsuspecting public and this has drawn the attention of regulators.

Beyond bitcoin

Bitcoin has inspired the launch of many other digital currencies, there are currently over 1,000 versions of digital coins or tokens. They are not all the same and their values ​​vary widely, as does their liquidity.

Coins, Altcoins and Tokens

Suffice it to say at this point that there are fine distinctions between coins, altcoins and tokens. Altcoins or altcoins generally describe other than the pioneer bitcoin, although altcoins such as ethereum, litecoin, ripple, dogecoin, and dash are considered in the “mainstream” category of coins, meaning they are traded on more cryptocurrency exchanges.

Coins serve as a currency or store of value, while tokens provide assets or utilities, an example being a blockchain service for supply chain management to validate and track wine products from the winery to the consumer.

One point to keep in mind is that undervalued tokens or coins offer upside opportunities, but don’t expect similar meteoric rises like bitcoin. Simply put, lesser-known tokens can be easy to buy, but they can be hard to sell.

Before jumping into a cryptocurrency, start by studying the value proposition and technology considerations, such as the business strategies outlined in the white paper that accompanies each initial coin offering or ICO.

For those familiar with stocks and shares, it is no different than an initial public offering or IPO. However, IPOs are issued by companies with tangible assets and a business history. Everything is done in a regulated environment. On the other hand, an ICO is based exclusively on an idea proposed in a white paper by a company – still in operation and without assets – that is looking for funds to get started.

Unregulated, so buyers beware

“You can’t regulate the unknown” probably sums up the situation with digital currency. Regulators and regulations are still trying to catch up with the continuously evolving cryptocurrencies. The golden rule in the crypto space is “caveat emptor”, let the buyer beware.

Some countries are keeping an open mind by adopting an exclusionary policy for cryptocurrency and blockchain applications, while keeping an eye on scams. However, there are regulators in other countries who are more concerned about the cons than the advantages of digital money. Regulators generally realize the need to strike a balance, and some are looking to existing securities laws to try to control the many flavors of cryptocurrency globally.

Digital wallets: the first step

A wallet is essential to get started in cryptocurrency. Think electronic banking but less the protection of the law in the case of virtual currency, so security is the first and last thought in the crypto space.

The wallets are digital. There are two types of wallets.

  • Hot wallets that are linked to the Internet that put users at risk of being hacked

  • Cold wallets that are not connected to the Internet and are considered more secure.

Apart from the two main types of wallets, it should be noted that there are wallets for only one cryptocurrency and others for multi-cryptocurrency. There is also an option to have a multi-signature wallet, a bit like having a joint account with a bank.

The choice of wallet depends on the user’s preference whether the interest is purely in bitcoin or ethereum, since each currency has its own wallet, or you can use a third-party wallet that includes security features.

Portfolio notes

The cryptocurrency wallet has a public and private key with records of personal transactions. The public key includes a reference to the cryptocurrency account or address, as opposed to the name needed to receive a check payment.

The public key is available for everyone to see, but transactions are only confirmed after verification and validation based on the consensus mechanism relevant to each cryptocurrency.

The private key can be thought of as the PIN commonly used in electronic financial transactions. In this way, the user must never disclose the private key to anyone and make backup copies of this data that must be stored offline.

It makes sense to have a minimum cryptocurrency in a hot wallet, while the largest amount should be in a cold wallet. Losing your private key is as good as losing your cryptocurrency! The usual precautions about online financial transactions apply, from having strong passwords to being alert to malware and phishing.

Portfolio formats

Different types of wallets are available to suit individual preferences.

  • Hardware wallets made by third parties that must be purchased. These devices work somewhat like a USB device that is considered secure and only connects to the Internet when required.

  • Web-based wallets provided by, for example, crypto exchanges are considered hot wallets that put users at risk.

  • Software-based wallets for desktop or mobile are mostly available for free and may be provided by coin issuers or third parties.

  • Paper wallets can be printed with the relevant data about the cryptocurrency owned with public and private keys in QR code format. They should be kept in a safe place until needed during the crypto transaction, and copies should be made in case of accidents such as water damage or printed data that fades over time.

Crypto exchanges and markets

Crypto exchanges are trading platforms for those interested in virtual currencies. Other options include websites for direct trading between buyers and sellers, as well as brokers where there is no “market” price, but is based on a compromise between the parties to the transaction.

Therefore, there are many crypto exchanges located in various countries, but with different standards of security practices and infrastructure. They range from those that allow anonymous registration to those that only require an email to open an account and start trading. However, there are others that require users to comply with international identity confirmation, known as Know Your Customer and Anti-Money Laundering (AML) measures.

The choice of crypto exchange depends on the user’s preference, but anonymous ones may have limitations on the scope of trading allowed or may be subject to sudden new regulations in the exchange’s home country. Minimal administrative procedures with anonymous registration allow users to start trading quickly while going through KYC and AML processes will take longer.

All crypto trades must be properly processed and validated, which can take anywhere from a few minutes to a few hours, depending on the coins or tokens being transacted and the trading volume. Scalability is known to be a problem with cryptocurrencies and developers are working on ways to find a solution.

Cryptocurrency exchanges fall into two categories.

  • Fiduciary Cryptocurrency These exchanges allow the purchase of fiat cryptocurrency through direct transfers from bank or credit and debit cards, or through ATMs in some countries.

  • Cryptocurrency only. There are crypto exchanges that only deal in cryptocurrency, meaning customers must already own a cryptocurrency, such as bitcoin or ethereum, to “exchange” for other coins or tokens, depending on the market rate.

Fees are charged to facilitate the buying and selling of cryptocurrencies. Users should do their research to be satisfied with the infrastructure and security measures as well as to determine the fees they feel comfortable with as different fees are charged by different exchanges.

Don’t expect a common market price for the same cryptocurrency with difference exchanges. It may be worth spending some time researching the best price for the coins and tokens you are interested in.

Online financial transactions carry risks, and users should heed warnings such as two-factor authentication or 2-FA, stay up-to-date on the latest security measures, and be aware of phishing scams. A golden rule about phishing is to not click on provided links, no matter how authentic a message or email is.

What you need to know about cryptocurrency trading bots

Are you particularly interested in cryptocurrency? Are you eager to learn more about the tools that will allow you to achieve the best trades? So you better applaud cryptocurrency trading bots. Sounds curious, right? In the age when robots seem to find application almost everywhere, it is not surprising that they have been implemented even in cryptocurrency trading. Let’s find out more about these bots and clarify the key aspects.

Cryptocurrency (or cryptocurrencies) trading bots are computer programs that allow you to buy and sell cryptocurrencies at the right time. They aim to generate profits for their users and ensure that they will have a long-term advantage. Robots carefully observe market conditions and execute transactions based on pre-defined algorithms. It should also be emphasized that you are free to set your own parameters, which will contribute to performing different operations. This type of software is able to respond almost a thousand times faster than a human; therefore, its operational efficiency is beyond doubt.

Crypto trading bots can be subdivided into many types. Among them, you can find trend-following bots, arbitrage bots, and scalping bots. However, according to, the most popular are arbitrage robots.

Trend bots are useful if you mainly focus on trends once you are in the process of creating your strategies. These robots are able to follow trends and decide when it is profitable to buy and/or sell something.

Scalping programs facilitate their users to perform more efficiently in lateral markets. This means that ‘scalpers’ (as these users are often referred to) manage to buy something at a low price and resell it at a higher bargain price.

As for arbitrage bots, they are meant to make a profit by examining prices across multiple exchanges and consequently taking advantage of price discrepancies.

Once or if you have decided to try putting cryptocurrency trading bots into practice, you should think about which one will be able to serve your business needs. Note that all bots have different software and hardware requirements. Consider all aspects before making up your mind.

Once all the formalities are resolved, you can proceed to the installation procedure. In fact, you can get a trading bot by resorting to any of the following 3 options:

  • Get it for free through an open source platform;

  • Get a paid version of a licensed bot;

  • Build a trading bot (provided you have enough technical knowledge and skills).

After processing all the details above, you have probably formed an opinion about crypto trading bots. Still, let’s summarize all the advantages they have over humans.

  • Speed: Robots undoubtedly operate a hundred times faster than humans

  • Endurance: Robots can run 24/7 without any breaks

  • Capacity: Bots are capable of processing gigabytes of data per second

  • 100% Objectivity: Bots are not prone to any kind of emotions. They simply do what is required of them.

However, many experts argue that some cases require subjective thinking, and in this way, humans can overcome heartless robots. But these are individual cases and since bots offer so many huge opportunities, you will definitely be better off once you make them your priority.

As you can see, cryptocurrency trading bots are really useful and multi-functional, which allows you to generate a lot of profit. Just keep in mind that in order to play them to their fullest, we recommend that you look into the specifics of the bots. And then you have every chance to benefit from this ingenious technology.

How does cryptocurrency gain value?

Cryptocurrencies are the latest “big thing” in the digital world and have now been recognized as part of the monetary system. In fact, enthusiasts have labeled it “the money revolution”.

In plain terms, cryptocurrencies are decentralized digital assets that can be exchanged between users without the need for a central authority, most of which are created using special calculation techniques called “mining”.

The acceptance of currencies, such as the US dollar, the British pound and the euro, as legal tender is because they have been issued by a central bank; Digital currencies, however, like cryptocurrencies, do not rely on public trust and confidence in the issuer. As such, several factors determine its value.

Factors that determine the value of cryptocurrencies

Principles of free market economics (mainly supply and demand)

Supply and demand is a major determinant of the value of anything of value, including cryptocurrencies. This is because if more people are willing to buy a cryptocurrency, and others are willing to sell, the price of that particular cryptocurrency will rise, and vice versa.

Mass adoption

Mass adoption of any cryptocurrency can shoot its price to the moon. This is because many cryptocurrencies have their supply limited to a certain limit, and according to economic principles, an increase in demand without a corresponding increase in supply will lead to an increase in the price of that particular commodity.

Multiple cryptocurrencies have invested more resources to ensure their mass adoption, with some focusing on the applicability of their cryptocurrency to pressing personal life issues as well as crucial day-to-day cases, with the intention of making them indispensable in everyday life.

Fiat Inflation

If a fiat currency, such as the USD or GBP, becomes inflated, its price rises and its purchasing power falls. This will cause cryptocurrencies (let’s use Bitcoin as an example) to rise against this fiat. The result is that you will be able to acquire more of this fiat with each bitcoin. In fact, this situation has been one of the main reasons for the rise in the price of Bitcoin.

History of scams and cyber attacks

Scams and hacks are also fundamental factors affecting the value of cryptocurrencies, as they are known to cause wild swings in valuations. In some cases, the team backing a cryptocurrency may be scammers; they will pump up the price of the cryptocurrency to attract unsuspecting individuals and when their hard-earned money is invested, the scammers lower the price, then disappear without a trace.

Therefore, it is imperative to be wary of cryptocurrency scams before investing your money.

Some other factors to consider, which have an impact on the value of cryptocurrencies, include:

  • How the cryptocurrency is stored, as well as its utility, security, ease of acquisition and cross-border acceptability

  • Strength of the community that supports the cryptocurrency (this includes funding, innovation and loyalty of its members)

  • Low risks associated with cryptocurrency as perceived by investors and users

  • Feeling of the news

  • Market Liquidity and Cryptocurrency Volatility

  • Country regulations (this includes the ban on cryptocurrencies and ICOs in China and their acceptance as legal tender in Japan)

How Cryptocurrency Trading Software Helps Grow Your Crypto Platform

Cryptocurrency trading software package is an integrated system to manage all aspects of cryptocurrency trading platform such as all types of buying, selling, exchanging, lending, MLM and affiliate management, conversion, comparison and market analysis in direct etc.

Important features you should consider:

Buy, Sell and Exchange – Nishue is the impressive trade management system that offers a smooth and safe methodology for users to buy, sell and exchange cryptocurrencies effortlessly.

Lending System Management: This system is fully brokerage friendly has a system to manage the crypto lending service, such as creating, managing bids, maintaining and moderating etc.

Unique Admin Module: Nishue contains a secure and advanced admin module for you to control your cryptocurrency exchange end-to-end.

Separate Client Profile – A separate client profile module that helps your users to easily track and check all open deposit or withdrawal orders, records, transactions, etc. with just one click.

MLM and Affiliate Management – ​​These marketing-ready automation tools make it easy for you to manage your affiliate commission, contribution history and documents at your level.

Market Comparison and Converter: Two additional systems have been integrated for live Crypto comparison, conversion and in-depth analysis.

How cryptocurrency trading software helps grow your crypto platform:

Coin Deposit and Withdrawal: The crypto trader has to maintain a huge deposit and withdrawal request on a daily basis. The trading software helps manage your activity with its auto-configuration algorithm.

Coin Pack and Loan Offer – Keep your coin pack and loan offer at your customer’s fingertips. You can create, manage and advertise your offer using a well-designed package.

Level Commission – If you follow the MLM strategy to reward your respective participants and are worried about setting your commission? OK, you are ready to automatically calculate your level commission.

Notification and risk management: Every crypto trading platform must organize a push notification system to keep itself and its customer up to date on many alarming issues, thus helping to eliminate risk. In this case, a system project is absolutely perfect.

Multiple Payment Gateway: You can integrate your cryptocurrency wallet, local currency, Payeer Even Mobile Banking system as a payment method within this software to make your transaction seamless.

Daily, Weekly and Monthly ROI – Are you concerned about maintaining the ROI as you said. This cryptocurrency trading management software can automatically calculate ROI, commission and others based on the instructions you give.

Free Responsive Website: You must have a fully responsive, SEO-optimized dynamic website built with our system and it’s completely free. It will help you run your business smoothly.

Crypto Depth Comparison, Conversion and Analysis – Added two currency converter and crypto live market cap addition system for live crypto comparison, conversion and depth analysis

100% Secure System: A commercial software is designed after keeping a high security issue in mind. A Secured Integer framework, two-factor authentication and many other security systems have been applied in this cryptocurrency trading software.

The absolute exclusive package for spot cryptocurrency trading that allows users to trade Bitcoin, Bitcoin Cash, Ethereum and Litecoin through Coinbase. Based on the same technology that powers Nishue software, it incorporates proven market-leading tools developed over 25 years to provide active and professional cryptocurrency traders with a better experience than other crypto-only trading solutions currently offer.

Beginner’s Guide: Introduction to Cryptocurrencies

Introduction: Investing in Cryptocurrencies

The first cryptocurrency to emerge was Bitcoin, which was built on Blockchain technology and was probably launched in 2009 by a mysterious person Satoshi Nakamoto. At the time of writing this blog, 17 million bitcoins had been mined and it is believed that a total of 21 million bitcoins could be mined. The other most popular cryptocurrencies are Ethereum, Litecoin, Ripple, Golem, Civic and hard forks of Bitcoin such as Bitcoin Cash and Bitcoin Gold.
Users are advised not to put all their money into one cryptocurrency and try to avoid investing at the peak of the cryptocurrency bubble. It has been observed that the price has suddenly dropped when it is at the top of the crypto bubble. Since cryptocurrency is a volatile market, users have to invest the amount they can afford to lose as there is no government control over cryptocurrency as it is a decentralized cryptocurrency.
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Apple co-founder Steve Wozniak predicted that Bitcoin is real gold and will dominate all currencies like USD, EUR, INR and ASD in the future and become a global currency in the coming years.
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Why and why not to invest in cryptocurrencies?

Bitcoin was the first cryptocurrency to be born and since then around 1600 cryptocurrencies have been launched with some unique feature for each currency.
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Some of the reasons I have experienced and would like to share, cryptocurrencies have been created on the decentralized platform, so users do not require a third party to transfer cryptocurrency from one destination to another, unlike currency trust where a user needs a platform like Bank to transfer money from one account to another. Cryptocurrency based on very secure blockchain technology and almost zero chance of hacking and stealing your cryptocurrencies until you share your critical information.
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You should always avoid buying cryptocurrencies at the peak of the cryptocurrency bubble. Many of us buy cryptocurrencies at their peak hoping to make a quick buck and fall victim to the hype of the bubble and lose their money. It is better for users to do a lot of research before investing their money. It is always good to put your money in multiple cryptocurrencies instead of one, as few cryptocurrencies have been observed to grow more, some on average if other cryptocurrencies go into the red zone.
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Cryptocurrencies to focus on

In 2014, Bitcoin occupies 90% of the market and other cryptocurrencies the remaining 10%. In 2017, Bitcoin still dominates the crypto market, but its share has fallen sharply from 90% to 38%, and Altcoins such as Litecoin, Ethereum and Ripple have grown rapidly and captured most of the market.
Bitcoin still dominates the cryptocurrency market, but it is not the only cryptocurrency to consider when investing in cryptocurrency. Some of the top cryptocurrencies to consider:
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Where and how to buy cryptocurrencies?

While few years ago it was not easy to buy cryptocurrencies but now users have many platforms available.

In 2015, India has two main bitcoin platforms, Unocoin wallet and Zebpay wallet, where users can only buy and sell bitcoins. Users must buy bitcoins only from the wallet, but not from another person. There was a price difference in the buying and selling fee and users have to pay a nominal fee to complete their transactions.
In 2017, the cryptocurrency industry grew tremendously and the price of Bitcoin grew spontaneously, especially in the last six months of 2017, which forced users to look for Bitcoin alternatives and crossed 14 lakhs in the Indian market.

As Unodax and Zebpay are the two major platforms in India that dominated the market with 90% market share, which was only traded in Bitcoin. It gives another organization a chance to grow with other altcoins and even forced Unocoin and others to add more coins to their platform.
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Unocoin, one of India’s leading cryptocurrency and blockchain companies, launched an exclusive UnoDAX Exchange platform for its users to trade multiple cryptocurrencies, apart from trading Bitcoin on Unocoin. The difference between both platforms was that Unocion only provided instant buying and selling of bitcoins, while on UnoDAX, users can place an order for any available cryptocurrency and if it matches the recipient, the order will be executed.
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Other major exchanges available for trading cryptocurrencies in India are Koinex, Coinsecure, Bitbns, WazirX.

Users have to open an account in any of the exchange by registering with email id and submitting KYC details. Once your account is verified, you can start trading with the currencies of your choice.
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Users should do their research well before investing in any currency and not fall into the trap of the cryptocurrency bubble. Users should research the credibility of the exchange, transparency, security features and many more.
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All exchanges charge a nominal fee on each transaction. There are two types of charges: the maker’s fee and the borrower’s fee. Apart from the transaction fee, you need to pay the transfer fee, if you want to transfer your cryptocurrencies to another exchange or to your private wallet. Charges depend solely on the currencies and the exchange, as different exchange has a different price module to transfer the coins.

Major Non-Bitcoin Altcoins

As mentioned above, Bitcoin dominates the market with a market share of 38%, followed by Ripple, Ethereum, Litecoin, Bitcoin Cash. Exchanges like UnoDAX, Bitfinex, Kraken, Bitstamp have listed many other coins like Golem, Civic, Raiden Network, Kyber Network, Basic Attention, 0X, Augur, Monero, Tron and many more. If any of the coins match your wallet, you must buy it.

But, you have to put the money in the market that you can afford to lose as the cryptocurrency market is very volatile and no government has control over it.

when to buy

There are no hard and fast rules when to buy your favorite cryptocurrency. But you need to investigate the stability of the market. You should only do this at the peak of a cryptocurrency bubble or when the price is continuously crashing. It is always considered the best time when the price is relatively stable at a low level for some time.

Cryptocurrency storage method

Before buying any cryptocurrency, you need to understand how to keep your cryptocurrency safe.

Generally, all the exchanges offer the storage facility where you can keep your coins safely. You should not share your username, password, 2FA details when you have cryptocurrency on exchanges.

Paper Wallet, Hardware Wallet, Software Wallet are some of the channels where you can store your cryptocurrency.

Paper Wallet: Paper wallet is an offline cold storage method to hold your cryptocurrency. Print your private and public key on a piece of paper where the QR code is also printed. Just scan the QR code for your future transactions. Why is it safe? You don’t have to worry about your account being hacked or being attacked by any malware. Just keep your piece of paper safe in a locker and if possible keep two or three pieces of paper wallet under your complete control.

Hardware Wallet: A hardware wallet is a physical device where you keep your cryptocurrency safe. There are many forms of hardware wallet, but the most commonly used hardware wallet is USB. When you keep your cryptocurrency in your hardware wallet, just keep in mind that you must not lose your hardware wallet, because once it is lost, you will not be able to get your cryptocurrency back.

A famous incident, where a person mined more than 7000 bitcoins and stored in his hardware wallet and saved it with another hardware wallet. One day he threw away the hardware wallet where he stored his cryptocurrency instead of damaging the hardware and lost all his bitcoin.

What cryptocurrencies can you buy in India?

Most people assume that buying and selling any cryptocurrency is only for investment and getting the high returns in the long and short term. Bitcoin influencers and investors believe that in the coming years Bitcoin will dominate all fiat currencies and be accepted as an international currency.

Dell is one of the largest e-commerce companies that accepts bitcoin as payment. Expedia and UNICEF are other examples.

In India, Sapna Book Mall accepted bitcoin as payment through the Unocoin merchant service. People were booking movie tickets through BookMyShow or recharging their mobiles through the Unocoin platform. According to the report, they have stopped the service but plan to start again in the near future.


Cryptocurrency is one of the growing investment sectors and in the past has given good returns than real estate, gold, stock markets etc. You can buy the cryptocurrency and hold it long term for good returns or go short term for quick profits as we have seen many coins grow by 1000%+ in the past. Since cryptocurrency is a volatile market with no government control over the industry. You need to invest the amount in any cryptocurrency that you can afford to lose.

You can store your cryptocurrency in hardware wallet, paper wallet, software wallet if you don’t want to keep it on the exchange you are trading from.

Visa says you can buy almost anything except cryptocurrencies

The news this week is that several banks in the US and UK have banned the use of credit cards to buy cryptocurrencies (CC). The stated reasons are unbelievable, such as trying to reduce money laundering, gambling and protecting the retail investor from excessive risk. Interestingly, banks will allow debit card purchases, making it clear that the only risks being protected are their own.

With a credit card you can play in a casino, buy guns, drugs, alcohol, porn, everything and anything you want, but some banks and credit card companies want to ban you from using their facilities to buy cryptocurrencies ? There must be some believable reasons, and they are NOT the stated reasons.

One thing banks fear is how difficult it would be to seize CC holdings when the credit card holder defaults. It would be much harder than owning a house or a car again. The private keys of a crypto wallet can be placed on a memory stick or piece of paper and can easily be taken out of the country with little or no trace of their whereabouts. There may be a high value in some crypto wallets, and the credit card debt may never be paid off, leading to a bankruptcy filing and a significant loss to the bank. The wallet still contains the cryptocurrency and the owner can later access the private keys and use a local CC Exchange in a foreign country to convert and pocket the money. An ominous scenario, indeed.

We certainly don’t advocate this kind of illegal behavior, but banks are aware of the possibility and some want to shut it down. This can’t happen with debit cards, as the banks never leave your pocket: the money leaves your account immediately, and only if there’s enough money to begin with. We find it hard to find honesty in the bank’s story about reducing gambling and taking risks. It is interesting that the Canadian banks did not jump on this bandwagon, perhaps realizing that the reasons given for doing so are false. The consequence of these actions is that investors and consumers are now aware that credit card companies and banks actually have the ability to restrict what you can buy with your credit card. That’s not how they advertise their cards, and it’s likely to come as a surprise to most users, who are pretty used to deciding for themselves what to buy, especially at CC Exchanges and all the other merchants that have established business deals. with these banks. The Exchanges haven’t done anything wrong, neither have you, but fear and greed in the banking industry is causing strange things to happen. This further illustrates the degree to which the banking sector feels threatened by cryptocurrencies.

At this point, there is little cooperation, trust or understanding between the world of fiat money and the world of CC. The CC world has no central control body where regulations can be implemented globally, and this leaves every country in the world trying to figure out what to do. China has decided to ban CCs, Singapore and Japan accept them, and many other countries are still scratching their heads. What they have in common is that they want to collect taxes on CC investment profits. This is not unlike the early days of digital music, with the Internet facilitating the unlimited proliferation and distribution of unlicensed music. Digital music licensing schemes were eventually developed and accepted as listeners agreed to pay a little for their music, rather than endless piracy, and the music industry (artists, producers, record labels) was fine with reasonable licensing fees rather than nothing. Could there be compromise in the future of fiat and digital currencies? As people around the world grow weary of outrageous bank profits and the overreach of banks in their lives, there is hope that consumers will be treated with respect and not burden forever with high costs and unjustified restrictions.

Cryptocurrencies and Blockchain technology are increasing the pressure around the world to achieve reasonable compromise – this is a game changer.

Stay tuned!

Why did banks ban cryptocurrency purchases with their credit cards?

The wave of banks banning the purchase of cryptocurrency with their credit cards grows as Wells Fargo now agrees to such bans. Several other banks, including Chase, Bank of America, Citigroup and more, are also part of this new trend that limits buying cryptos.

It appears that debit cards can still be used to buy crypto (check with your bank to be sure of their policy), but using credit cards to buy crypto has taken a turn with these banks leading the way with these purchase bans, and it probably won’t be long before such a ban becomes the standard.

Apparently, overnight purchases started getting canceled when credit cards were used to buy crypto, and people who never had problems before buying crypto with their credit cards begin to notice that they were no longer allowed to make these purchases. Volatility in the cryptocurrency market is to blame here, and banks don’t want people spending a lot of money that will become a struggle to pay if there is a major cryptocurrency crash like it did earlier this year.

Of course, these banks will also miss out on the money that will be made when people buy cryptocurrency and the market goes up, but they’ve apparently decided that the bad outweighs the good when it comes to this gamble with their credit cards. This also protects the consumer by limiting their ability to get into financial trouble by using credit to buy something that could leave them cash-strapped and with poor credit.

Most investors who used credit cards to make cryptocurrency purchases were probably looking for short-term gains and had no plans to stick around for the long term. They hoped to get in and out quickly, then pay off their credit cards before the high interest rate hit. But with the constant volatility of the cryptocurrency market, many of those who had bought, considering this plan, found themselves losing a large amount of money. assets with the market decline. Now they are paying interest on the lost money, and that is never a good thing. This, of course, was bad news for banks and led to the current and growing trend of banning crypto purchases with credit cards.

The lesson here is that you should never max out a line of credit to invest in crypto, and you should only use a percentage of your hard assets to make crypto purchases. These funds should be funds that you can keep locked away for the long term without hurting your budget.

So don’t get caught putting money into cryptocurrency that you’ll need soon only to find that a crisis has taken money out of your pocket. There’s an old saying, “Don’t gamble with money you can’t afford to lose,” and that’s the lesson banks want people to learn as they venture into this new investment frontier.