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Trade Bitcoins and make money!!
The Cryptocurrency is making headlines like never before, the digital money of digital age. It is assumed that the popularity of cryptocurrency will skyrocket in the future.To meet the global demand many new currencies are being introduced.The cryptocurrency is not owned by any particular government and regulated “by the people” instead of a central entity. The user can transfer digital currency globally without the inference of banks or money transfer operator and also shortens the time of a transaction. There are many Cryptocurrency Bitcoin,ethereum, ripple.Bitcoin being earliest one attracts many. Anyone can buy and sell bitcoins but be safe while you trade and make money with bitcoins.
There are 21 million bitcoins in circulation at present and transactions are based on peer-to-peer blockchain ledger. The bitcoins Wallets are stored online, Apps and even on a hardware.
*A hard drive with software installed helps to store wallets offline.
*Apps are also available to store, manage, and trade bitcoins online.
*Bitcoins are stored in hardware and considered to be most secured form but not as popular as an iOS or Android Apps.
Some of the best hardware wallets are Trezor, KeepKey, Ledger NanoS.
As more people buy Bitcoins, the price sores up. Like other commodity bitcoins price keeps changing. Buying a fraction of a Bitcoin Satoshi(named after the anonymous founder of the currency), the smallest unit of the bitcoin currency will help customers to practically learn about the technology and learn more on how it works.
To be on safer side some degree of technical knowledge is required to open, navigate and trade on a crypto exchange account otherwise if one thing goes wrong your virtual currency disappears.
Some platforms listed below having developed the faith of users have become popular for trading Bitcoins.
This video will make you better understand about bitcoin and history of money .
Zebpay is first in India to introduce digital wallet. Zebpay’s user friendly mobile app helps user transact just in minutes. Using the wallet app, users can buy, sell, store and spend bitcoin using the mobile number and a 4-digit pin. Bitcoin transactions are done using the mobilenumber without any need to understand bitcoin addresses, taking backups or fear of losing bitcoins. The company was voted as best bitcoin company.
Coinbase: The world’s most popular way to buy and sell bitcoins and other digital currencies like Ethereum and Litecoin. It works on the web browser and can also be downloaded from the app store for Android or iPhone users. The dollar cost averaging helps to slowly buy bitcoin weekly or monthly. The currency that Coinbase holds online is insured. If Coinbase suffers a breach of its online storage, the insurance policy would pay out to customer funds lost as a result. Coinbase holds less than 2% of customer funds online. The rest is held in offline storage.
In May-June, TechCrunch reported that the Coinbase website and app were unavailable to users for hours due to heavy trading and traffic.
Buy Bitcoin (BTC), Ether (ETH), and other cryptocurrencies without fees. With ZERO Trading Fee Cryptocurrency Exchange, the traders can make maximum profits. The currency is stored offline with high security, as it requires 5 out of 8 geo-distributed hardware security modules to open. The Online wallets are also insured.
A popular Indian bitcoin platform. The mobile app helps customers to buy goods and services in exchange for bitcoins. Bitcoin Investor Barry Silbert invested 250,000 USD in Unocoin this is how the company received its initial kickstart. Later looking at companies’ growth many investors were drawn from across the globe to invest in unocoin. Unocoin offers systematic buying plan. This averages out the risk, rather than buying bitcoins at once and facing the impact.of volatility. A process can be set up for the user if he/she is looking at buying bitcoins worth say Rs.20,000. Every day at midnight when prices are low user can setup to buy bitcoins worth say Rs.200 in parts and be safe.
Useful sites on Bitcoins :
*https://coinranking.com/
*https://www.livecoinwatch.com/
*bitcoinist.com is the ultimate resource for bitcoin and blockchain industry news and reviews.
*https://bitcoincharts.com for technical and financial data related to Bitcoin network.
There are many more sites which you can share with us to help others trade safe and better and contribute to our knowledgebase.
Just like the other currencies in the foreign exchange market, Bitcoin is highly volatile. This means that it quickly changes its price due to slight shifts in the economy. If you take advantage of the changes, you can make huge profits.
Thank you for the information, this is really helpful.