Get started with Crypto

Investing in the Crypto Currency market space can be a little scary for the traditional investor, because investing directly in Crypto Currency (CC) requires using new tools and adopting some new rules. concept. So if you decide to dip your toes into this market, you want to have a very good idea of ​​what to do and what to expect.

Buying and selling CC’s requires you to choose an Exchange that deals in the products you want to buy and sell, whether they are Bitcoin, Litecoin, or any of the over 1300 other tokens in play. In previous editions we briefly described the products and services available on some exchanges, to give you an idea of ​​the different offerings. There are many Exchanges to choose from and they all do things in their own way. Find things that are important to you, for example:

– Deposit policies, methods, and costs for each method

– Withdrawal policies and costs

– What fiat currencies do they deal with for deposits and withdrawals

– Products they sell, such as crypto coins, gold, silver and more

– Costs for transactions

– where is this Exchange based? (USA / UK / South Korea / Japan…)

Be prepared for the Exchange setup process to be detailed and lengthy, as Exchanges generally want to know about you. This is similar to setting up a new bank account, because Exchanges are sellers of valuables, and they want to make sure that you are who you say you are, and that you are a reliable person to deal with. It seems that “trust” is gained over time, as Exchanges usually only allow small amounts of investment to start.

Your Exchange will keep your CC in storage for you. Many offer “cold storage” which means your coins are stored “offline” until you indicate you want to do something with them. There are several stories of Exchanges being hacked, and many coins being stolen. Think of your coins as being in something like an Exchange bank account, but remember that your coins are digital only, and that all transactions on the blockchain are irreversible. Unlike your bank, these Exchanges do not have deposit insurance, so remember that hackers are always out there trying everything they can to get your Crypto Coins and steal them. Exchanges generally offer password-protected accounts, and many offer 2-factor authentication schemes – something to seriously consider to protect your account from hackers.

Since hackers love to prey on Exchanges and your account, we always recommend that you use a digital wallet for your coins. It’s easy to transfer coins between your Exchange account and your wallet. Make sure to choose a wallet that handles all the coins you want to buy and sell. Your wallet is also the tool you use to “spend” your coins to merchants who accept CC’s for payment. The two types of wallets are “hot” and “cold”. Hot wallets are very easy to use but they leave your coins exposed on the internet, but only on your computer, not on the Exchange server. Cold wallets use offline storage mediums, such as special hardware memory sticks and simple hard copy printouts. Using a cold wallet makes transactions more complicated, but it is the most secure.

Your wallet contains the “private” key that authorizes all the transactions you want to initiate. You also have a “public” key shared across the network so that all users can identify your account when engaging in a transaction with you. If hackers get your private key, they can move your coins anywhere they want, and it’s irreversible.

Despite all the challenges and wild volatility, we are confident that the underlying blockchain technology is a game changer, and will change how transactions are made going forward.

Volatility of Crypto Currencies, a Profitable Rollercoaster

This year we can observe that cryptocurrencies tend to go up and down at least 15% in value every day. Such price changes are known as volatility. But what if … it is completely normal and the sudden changes are one of the characteristics of cryptocurrencies that allow you to make a good profit?

First of all, cryptocurrencies have made it into the mainstream recently, so all the news about them and rumors are “hot”. After each statement by government officials about the possible regulation or ban of the cryptocurrency market we observe large price movements.

Second, the nature of cryptocurrencies is like a “store of value” (like gold used to be) – many investors consider it as a backup investment option to stocks, physical assets like gold and fiat (traditional) currencies. The speed of transfer also has an influence on the volatility of cryptocurrency. With the fastest ones, the transfer takes only a few seconds (up to a minute), what makes them the best asset for short-term trading, when there is currently no good trend in other types of properties.

What everyone should remember – that speed also goes for trends in the life of crypto currencies. While in regular market trends can last for months or even years – here it happens within even days or hours.

This leads us to the next point – although we are talking about a market worth hundreds of billions of US dollars, it is a very small amount compared to the daily trading volume compared to the traditional currency market or stocks. So an investor who makes 100 million transactions in the stock market does not cause a big change in price, but on the scale of the crypto currency market it is a significant and noticeable transaction.

Since crypto currencies are digital assets, they are subject to technical and software updates of cryptocurrencies features or expansion of blockchain collaboration, which makes them more attractive to potential investors (such as the activation of SegWit causing the value of Bitcoin to double ).

These elements combined are the reasons why we observe such a large change in the price of the price of cryptocurrencies within a few hours, days, weeks and so on.

But to answer the question from the first paragraph – one of the classic rules of trading is to buy low, sell high – so having short but strong trends every day (rather than weaker ones lasting weeks or months like stocks) provide more opportunities to make a profit if used correctly.

Thinking of Investing? Think the Bitcoin Way

What is Bitcoin?

If you’re here, you’ve heard of Bitcoin. This has been one of the most frequent headlines in the last year or so – as a get-rich-quick scheme, the end of finance, the birth of a truly international currency, as the end of the world, or as a technological breakthrough. . the world. But what is Bitcoin?

In short, you can say that Bitcoin is the first decentralized currency system used for online transactions, but it might be useful to dig a little deeper.

We all know, in general, what ‘money’ is and what it is used for. The most important issue witnessed in the use of money before Bitcoin has to do with it being centralized and controlled by one entity – the centralized banking system. Bitcoin was invented in 2008/2009 by an unknown creator who goes by the pseudonym ‘Satoshi Nakamoto’ to bring about the decentralization of money around the world. The idea was that money could be traded across international lines without difficulty or fee, checks and balances would be distributed globally (rather than the ledgers of private corporations or governments), and the money be more democratic and equally accessible to all.

How did Bitcoin start?

The concept of Bitcoin, and cryptocurrency in general, was started in 2009 by Satoshi, an anonymous researcher. The reason for its invention was to solve the issue of centralization of the use of money that depends on banks and computers, an issue that many computer scientists are not happy about. Achieving decentralization has been attempted since the late 90s without success, so when Satoshi published a paper in 2008 that offered a solution, it was well received. Today, Bitcoin has become a familiar currency for internet users and has spawned thousands of ‘altcoins’ (non-Bitcoin cryptocurrencies).

How is Bitcoin created?

Bitcoin is created through a process called mining. Just like paper money is created by printing, and gold is mined from the ground, Bitcoin is created by ‘mining’. Mining involves solving complex mathematical problems about blocks using computers and adding them to a public ledger. When it started, a simple CPU (like that of your home computer) was all that was needed to mine, however, the level of difficulty increased significantly and now you need special hardware, including which is the high end Graphics Processing Unit (GPUs), to get Bitcoin.

How can I invest?

First, you must open an account with the trading platform and create a wallet; you can find some examples by searching Google for ‘Bitcoin trading platform’ – they usually have names involving ‘coin’, or ‘market’. After joining one of these platforms, you click on assets, and then click on crypto to select your desired currencies. There are many indicators on each platform that are very important, and you should be sure to observe them before investing.

Just buy and hold

While mining is the safest and, in a way, the simplest way to earn Bitcoin, there is too much rush involved, and the cost of electricity and specialized computer hardware makes it inaccessible to most of us. . To avoid all this, make it easy for yourself, directly input the amount you want from your bank and click “buy”, then sit back and watch as your investment will increase according to the price change. It is called exchange and takes place in many exchange platforms available today, with the ability to trade between many different fiat currencies (USD, AUD, GBP, etc) and different crypto coins (Bitcoin, Ethereum, Litecoin, etc ).

Trading Bitcoin

If you are familiar with stocks, bonds, or Forex exchanges, you will easily understand crypto-trading. There are Bitcoin brokers like e-social trading, FXTM, and many more that you can choose from. Platforms provide you with Bitcoin-fiat or fiat-Bitcoin currency pairs, for example BTC-USD means trading Bitcoins for US Dollars. Keep your eyes on the price changes to find the perfect pair according to the price changes; platforms provide price among other indicators to give you proper trading tips.

Bitcoin as Shares

There are also organizations that have been set up to allow you to buy shares in companies that invest in Bitcoin – these companies do repeat sales, and you just invest in them, and wait for your monthly benefits. These companies simply pool digital money from different investors and invest on their behalf.

Why should you invest in Bitcoin?

As you can see, investing in Bitcoin requires that you have some basic knowledge of money, as explained above. Like all investments, it involves risk! The question of whether to invest or not depends on the individual. However, if I were to give advice, I would advise in favor of investing in Bitcoin with one reason that, Bitcoin continues to grow – despite having a significant boom and bust period, it is likely that Cryptocurrencies in general will continue to increase in value for the next 10 years. Bitcoin is the biggest, and most popular, of all the current cryptocurrencies, so it’s a good place to start, and the safest bet, at the moment. Although volatile in the short term, I suspect you will find Bitcoin trading more profitable than most other businesses.

Are You Planning To Set Up Your Own Cryptocurrency Exchange Platform?

When we look at the most impactful development in recent times the first thing that comes to our minds without a doubt is cryptocurrency. People have made huge profits by investing in cryptocurrencies like bitcoin and many more at the right time. Many people also managed to make a heyday by simply providing a cryptocurrency exchange platform to investors to sell cryptocurrencies.

Setting up an exchange is easy. but you should know some basic things before you start your own exchange.

Let’s see them –

Do you have a target audience in mind?

One of the most important things to consider before setting up any business platform is finding the target audience. Same is the case here.

If you are planning to set up a bitcoin exchange platform, the first thing you need to analyze and know is your target audience.

For example, in the case of bitcoins, you can target a local as well as a global audience. So, you need to know who your target audience is and then plan the development process. Why is this important? Well, you will learn about it in the following sections.

Do you understand the legal terms?

The second thing you need to consider is the legal terms and conditions you need to follow.

There is a big hullabaloo about the legal aspects related to cryptocurrency, but you may be surprised to know that there are 96 countries where bitcoin transactions are still not restricted.

So, creating a cryptocurrency exchange platform while targeting these countries can prove to be the best idea.

Do not forget to always carefully check the legal guidelines that operate in the area where you plan to perform.

Do you have a bank partner?

Another thing to remember here is that you need a bank partner. The simple reason behind this is that you deal with financial transactions.

To ensure that financial transactions are carried out in a smooth and problem-free manner, you need to ensure that you have the right support in the form of a partner bank.

Therefore, you should contact some banking institutions to see if they can help you, and understand their terms and conditions.

Do you have the right platform development partner?

The most important step in the process is finding the right professional to help you build a secure platform. Why we specifically mention the term safe is because the huge popularity of cryptocurrency makes these exchanges the first target of hackers.

To ensure that your reputation does not take a hit due to something unwanted you need to focus on creating a secure platform. You can easily achieve this by hiring an experienced developer who knows all the ins and outs of the industry.

For example, they can test the platform by simulating a malware attack and see how your cryptocurrency exchange platform fares against it.


This last point summarizes the basic things you should keep in the back of your mind when planning to build a cryptocurrency exchange platform for yourself. Once you have the answers to these questions, you can easily move on and continue to grow and make money.

But, remember to take all the necessary legal, compliance and security measures if you want to be in this game for a long time.

So, are you ready for it?

The Beginners Guide to Crypto Currency Exchange

Cryptocurrency Exchange or Digital Currency Exchange is a business that involves the exchange of cryptocurrency with other assets such as money or any other digital currency. It is a web service that provides electronic transactions in electronic forms and takes payments for them.

Any transactions or operations on the Digital Currency Exchange can be done by debit and credit card, postal money order or any other type of money transfer. This article is about discussing different cryptocurrency exchanges that facilitate crypto currency trading for beginners and what they offer in terms of availability, ease of use, security, deposit/withdrawal methods and fees. We hope this cryptocurrency trading guide will help you get started with cryptocurrency exchanges.


Coinbase is one of the largest cryptocurrency exchanges based in San Francisco, California. It is present in 32 countries and currently serves over 10 million customers. Launched in 2012, it has an easy to use interface that makes Digital Currency Exchange an easy task for a non-technical person. It is also available for iOS and Android. Unfortunately, Coinbase does not offer crypto currency mining for beginners and is only an exchange.

Currently, it offers four coins, Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. It exchanges digital currency for US dollars, Euros and Great British Pounds. With minimum transfer fees, Coinbase has never experienced any security breach making it a perfect platform for digital currency exchange. In addition to that, Coinbase also offers a fully advanced exchange called GDAX. It offers more advanced features and variety and better trading fees than Coinbase.


Bitstamp is another platform that provides digital currency exchange. It is easy to use and offers more advanced features through TradeView. Bitstamp offers coins like Bitcoin, Litecoin, Ethereum, Bitcoin Cash and ripple. It exchanges digital currency for US dollars and Euros. You can practice all the latest crypto currency trading techniques on this exchange.

It offers Flat deposits through bank transfers and supports debit/credit cards. Perhaps the only drawback that can be found in Bitstamp is the slightly high fees and the fact that it suffered a security breach in its 7 years of operation. However, it is one of the most reliable exchanges. It is available on iOS and android.


Gemini is a UK-based company launched in 2015 by the Winklevoss twins. It is available in several countries including the US, Canada, Hong-Kong, Singapore and South Korea. One of the downsides of this platform is that it is not very user friendly. So, beginners are not recommended to use this platform.

It offers two coins and 1 FLAT currency Bitcoin Cash, Ehtereum and US Dollars. Gemini follows strict protocols when it comes to security and in 2018, it has not encountered a single security breach thus making it one of the most secure and reliable digital currency platforms. However, it is important to have digital currency investment strategies before you start trading.

Digital Ticks

Digital ticks is a modern crypto exchange that aims to be a game changer in this sector. They implement many of the latest techniques that make it easy for anyone to start trading.

It has a unique feature called a Portfolio View that enables traders to view all holding positions in a portfolio. It is easy for traders to make informed decisions about cryptocurrency exchange by using this unique feature. It also supports Bitcoin, Ethereum, Litecoin and Dashcoin.


Kraken is one of the oldest cryptocurrency exchange platforms. Launched in 2011, kraken is the largest exchange in terms of volume and liquidity for EUR trading pairs. It serves worldwide including the US.

Kraken offers a variety of coins including Bitcoin Cash, Ethereum, Monero, Augur, Litecoin and more. It also supports deposit/withdrawal via bank transfers and cryptocurrencies. Having a less friendly user interface, it also suffers from stability and performance issues but nevertheless, it is a good platform for cryptocurrency exchanges.


Bitfinex is the largest cryptocurrency exchange platform. Launched in 2012, it has an easy-to-use interface and offers an advanced number of features such as margin trading, margin funding and more. It is available for iOS and android platforms. It offers BTC, BCH, ETH, LTC, IOTA, XMR and NEO.

Like previous cryptocurrency exchanges, it supports withdrawals using US dollars and Euros through bank transfers. Bitfinex suffered two security breaches, the first in May 2015, resulting in a loss of $330,000. And the second one was in August 2016 which resulted in a loss of $72 million.


EtherDelta is a decentralized exchange that directly supports peer to peer connections. It is very different from the previously mentioned cryptocurrency exchange platform. Here, funds are created in a smart contract on an Ethereum network where you are responsible for depositing and withdrawing. Currently, EtherDelta only supports Ehtereum-based tokens.

EtherDelta has a somewhat confusing interface that makes it difficult for users to perform cryptocurrency exchange operations. On one occasion, someone tried to buy 750 Kyber for 0.007 ETH each but ended up buying 0.007 KNC for 750 ETH.


After looking at different cryptocurrency exchange platforms, we can safely say that Coinbase and Bitstamp stand out in terms of its good features such as security, user friendly interface, multiple withdraw/transfer methods and many more.

I wouldn’t call them perfect but I would recommend it as the safest bet you can make. Each cryptocurrency exchange platform is unique in its own way and has advantages and disadvantages. We just have to choose the one that suits our needs. We hope this basic guide to crypto currency exchange and trading gives you a head start on your Cryptocurrency trading journey.

A Simple Introduction to Bitcoin

Peer to peer technology has evolved to accommodate payment systems, as demonstrated by Bitcoin. It is a digital currency that can be used for personal and business transactions at a reasonable cost. Sometimes called the currency of the internet, Bitcoin is not governed by any central authority. Created about five years ago, it has grown in leaps and bounds with many speculators stating that this increase will continue in the near future.

More about Bitcoins

Bitcoin describes the actual gaming technology. These coins represent the currency itself and are transacted. They are sent or received through wallet software running on a PC, web app or smartphone. It can be obtained by exchanging goods and services, or by mining.

What is Mining?

Mining is simply the process by which new bitcoins are created. For every transaction that takes place, records are stored sequentially in a public database called a block chain. Those who maintain this block chain are the miners, and their reward is the newly created bitcoins.

Use of Bitcoins

These coins are easily available for different currencies. The most painless way is to buy it for money. There are companies that extend exchange services to their customers with rates determined by factors such as volume.

There are people who invest in bitcoins, with expectations that their value will rise. Although this belief cannot be denied, it has some risks to it. There are weaknesses in these coins, and this factor makes large investments difficult. This along with some inherent limitations such as the immutability of transactions, the volatility of the Bitcoin exchange rate, and the limited discretion of the user make the investment a reserve only for sophisticated investors. However, Bitcoin can avoid inflation, making it ideal for areas where national currencies are problematic.

The Future of these coins

Bitcoins have received mixed reactions in the market. Some economists say this technology offers a long-desired digital currency. Others find it less appealing, arguing that its lack of reliability and variability are discouraging. Regardless, many merchants are warming to it, and its growing popularity means its success as a mainstream payment method is imminent.

If you are new to Bitcoin and you spend a lot of time online, you should try it. It offers a kind of unique flexibility and convenience​​​​​​ that is missing from other available payment gateways.

Is the Bitcoin Gathering over? Active Trading For Tether Bettors

The flow of institutional money in all accounts is posted, and the purchase of Bitcoin is currently only a flow of USDT tokens.

The days when eager buyers maxed out their charge cards to buy Bitcoin may be over. In fact, even Korean markets have cooled. In any case, the exchange of profits – this time, is saved by the Tether (USDT) resource. At first glance, the value level of Bitcoin is encouraging, at $6,743.53. while the altcoins slide, Bitcoin maintains its position, and the strength of its value is extended again to 43.2% of aggregate market capitalization for all coins and tokens.

In any case, its purpose will be full of liquid tokens. The printing of USDT coincided with the rapid movement of Bitcoin starting in the middle of the year of 2017. However, for now, each infusion of USDT further causes excited buying through all others imaginable. that way. At the moment, newcomers are watching on the sidelines, or most have given up hope that there will be faster additions to be made in crypto. However, for committed brokers, using USDT is another source of income.

Despite the fact that more than 2.7 billion USDT have been generated, not every one of them has discovered their way to the BTC exchange. Recently, the offer of USDT to BTC exchanges has been close to less than 20%, with solid levels in the Japanese Yen, US Dollar, Korean Won, and several other currency standards. However, today, the picture is quickly changed, completed in the course of a few days.

As shown by the information from CryptoCompare, more than 54% of all BTC exchanges are Tether trades, due to the huge offer of the Bitfinex exchange. It seems that at the moment the crypto markets have moved to a stage where all the trades are inside, and the next years may see the costs move only because of the activities of crypto insiders , and non-institutional brokers from the conventional fund universe.

Half a month ago, Tether went to a bunch of altcoins – and now, it appears that the pick up has been transferred to Bitcoin. Although it certainly costs no matter how you look at it, it also means that for new buyers of Bitcoin, the offer once again for the benefit of fiat is, in fact, disturbing, and can’ g they get USDT tokens – which can, in principle, be reclaimed for money, however the method is moderate and has a penalty value.

Meanwhile, the TrueUSD (TUSD) crypto resource has seen its supply contract go from 88 million to 81 million tokens, which looks like the tokens have been minted and converted into cash. For TUSD, reverse trading should be simpler – however it also means pouring assets from the digital market.

Step by Step Guide to Investing in Bitcoin

Well, like almost everything in life – if not everything – you have to buy it before you invest in it. Investing in Bitcoin can be very challenging, and that is if you don’t have the step in front of you.

First you should know that Bitcoin is a type of cryptocurrency, one of the first digital currencies, which was invented, designed and developed by Satoshi Nakamoto, and it was released to the public in 2009.

And from there, updates as well as improvements are made by a network of highly experienced developers and the platform is partially funded by the Bitcoin Foundation.

As bitcoin has become a hot topic of interest and many people are investing in it, there is no harm in acquiring a digital fortune as well. It is interesting to note, back in 2012, Bitcoin companies only managed to raise $2.2 Million.

Despite the price drop this year, the cryptocurrency continues to grow with users and merchants accepting it as payment.

So how can you be part of the action? Investing in Bitcoin for the average Joe will be simple as he will buy some directly.

Buying it today has become simple, with many companies in the United States and all involved in the business of buying and selling.

For US investors, the easiest solution is Coin Base, which is a company that sells BTC to people at a markup that is usually about 1% of the current market price.

If you prefer a traditional exchange, Bit Stamp may be a better option because users will not only sell you to the company, but to the users.

The company only acts as a middleman. Liquidity is higher and you can almost always find someone else to take the other side of your trade.

Fees start at 0.5% and go to 0.2% if you sell more than $150,000 in the last 30 days. All these are already in their own ways, investment mediums, because the more you buy BTC, the more profit you will accumulate if you choose to keep it or sell it to other traditional buyers for more high price than you buy with real companies.

You can also buy bitcoins on another exchange. One of the most popular routes for offline is Local Bitcoins, which is a website that matches you with potential buyers and sellers. When buying, the coins are locked from the seller in escrow, where they can only be released by buyers.

But buying bitcoins offline should be done with some extra precautions, which are always common, like you would when meeting a stranger. Meet during the day in a public place and if possible, bring a friend.

Bitcoin is about the hottest thing online right now. Investors and venture capital firms are betting it’s here to stay. For the average Joe, many ways exist to get into investing and buying Bitcoin.

In the US, the most popular channels are Coin Base, Bit Stamp and Local Bitcoins. Each has their pros and cons, so do your research to find the best fit for you.

5 Emerging Blockchain Training Institutes in India


Mindmajix Training course makes you an expert in blockchain programming concepts like cryptocurrencies, distributed ledger, hyper-ledger. This online Blockchain training course focuses on key concepts such as architecture, core layers of blockchain, Bitcoin mining, public and private Ethereum blockchain concepts. You will also get an exposure to real-time industry-based projects in various verticals.

Mode: Free Demo and Paid


Unoversity is the best Blockchain knowledge based online training portal, providing free online blockchain certification training courses in India. Online blockchain courses categorized into Finance, Security, Technology, Development, Crypto, Practices, and Architecture. Courses designed especially for students, beginners and intermediate students can subscribe for free for online training classes and ask doubts to an expert in the respective field.

Unoversity online training will help you master and learn the best blockchain technology, the driving force behind cryptocurrency. You will learn various aspects of the structure, mechanisms, advantages of blockchain technology, designing a blockchain network, deploying it for real-world applications and much more in these training courses of blockchain certification. Unoversity is a Bangalore based online training institutes providing training to 1000+ students and developers a year who have to enroll in 100+ available courses.


Mode: Free and Paid


The Intellipaat Certification Course offers definitive blockchain training that includes programming – Solidity, ethereum, the concepts of distributed ledger, hyper ledger, multichain, cryptocurrency, bitcoin mining, architecture, core layer, application and others. In this course, you will work on real-world projects and case studies for hands-on experience.

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Naresh Technologies:

Blockchain training is done by the expert in real-time with real-time scenarios. Blockchain is nothing but a digital record of all economic transactions that is free from data loss, misuse, manipulation and falsification and is generally incorruptible. It is a Distributed DataBase, With the help of blockchain technology and we can host the transactional data on millions of computers at a time and we can retrieve the data at any time, this data cannot be used by the hacker to damage .

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Simple learning:

Simplilearn’s Blockchain Certification Training is designed for developers who want to learn about the global craze surrounding Blockchain, Bitcoin and cryptocurrencies. You will learn the core structure and technical mechanisms of Bitcoin, Ethereum, Hyperledger and Multichain Blockchain platforms, use the latest tools to build Blockchain applications, set up your own private Blockchain, deploy smart contracts on Ethereum and gain practical experience in the real world. projects.

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Practical Tips on How to Trade Cryptocurrencies

For some time now, I have been closely monitoring the performance of cryptocurrencies to get a feel for where the market is headed. The routine taught by my elementary school teacher-where you wake up, pray, brush your teeth and eat breakfast has changed a bit to wake up, pray and then hit the web (starting with coinmarketcap) just to find out if what crypto assets are there. the red one.

The beginning of 2018 was not good for altcoins and related assets. Their performance was hampered by constant opinions from bankers that the crypto bubble was about to burst. However, the ardent followers of cryptocurrency still go ahead and truth be told, their harvest is huge.

Recently, Bitcoin returned to almost $5000; Bitcoin Cash reached close to $500 while Ethereum found peace at $300. Almost every coin is hit-except for the newcomers who are still in the excitement stage. As of this writing, Bitcoin is back on track and trading at $8900. Many other cryptos have doubled since the uptrend began and the market cap rests at $400 billion from a recent crest of $250 billion.

If you are slowly warming up to cryptocurrencies and hope to become a successful trader, the tips below will help you.

Practical tips on how to trade cryptocurrencies

• Start modestly

You’ve heard that cryptocurrency prices are skyrocketing. You may have also received the news that this trend will not last long. Some naysayers, mostly respected bankers and economists often continue to call them get-rich-quick schemes without a solid foundation.

Such news can make you invest in haste and fail to use moderation. A little analysis of market trends and currencies worth the reason to invest will guarantee you a good return. Whatever you do, don’t put all your hard-earned money into these properties.

• Understand how exchanges work

Recently, I saw a friend of mine post a feed on Facebook about one of his friends who kept selling on an exchange that he had no idea how to run. This is a dangerous step. Always review the site you want to use before signing up, or at least before you start trading. If they provide a dummy account to play with, then use that opportunity to see what the dashboard looks like.

• Don’t insist on selling everything

There are over 1400 cryptocurrencies for sale, but it is impossible to deal with them all. Spreading your portfolio across more cryptos than you can effectively manage will reduce your profits. Just pick a few of them, read more about them, and how to get their trade signals.

• Stay calm

Cryptocurrencies are volatile. This is their bane and benefit. As a trader, you must understand that wild price swings are inevitable. Uncertainty about when to make a move makes one an ineffective trader. Use hard data and other research methods to determine when to execute a trade.

Successful traders belong to various online forums where cryptocurrency discussions about market trends and signals are discussed. Sure, your knowledge may be sufficient, but you need to rely on other traders for more relevant data.

• Diversify meaningfully

Almost everyone will tell you to expand your portfolio, but no one will remind you to deal with currencies that have real world uses. There are some crappy coins you can deal with for quick bucks, but the best cryptos to deal with are the ones that solve problems. Coins with real-world uses tend to be less volatile.

Don’t diversify too early or too late. And before you take a step to buy any crypto-asset, make sure you know its market cap, price changes, and daily trading volume. Maintaining a healthy portfolio is the way to reap big from these digital assets.