Access to Everyone:
There are approximately 2.2 billion individuals with access to the Internet or mobile phones who don’t
currently have access to traditional exchange, these people are primed for the Cryptocurrency market.
Kenya’s M-PESA system, a mobile phone-based money transfer, and microfinancing service recently
announced a bitcoin device, with one in three Kenyans now owning a bitcoin wallet. (Let me repeat that
A global network of computers use blockchain technology to jointly manage the database that records
Bitcoin transactions. That is, Bitcoin is managed by its network, and not any one central authority.
Decentralization means the network operates on a user-to-user (or peer-to-peer) basis. The forms of
mass collaboration this makes possible are just beginning to be investigated.
Recognition at universal level:
Since cryptocurrency is not bound by the exchange rates, interest rates, transactions charges or other
charges of any country; therefore it can be used at an international level without experiencing any
problems. This, in turn, saves lots of time as well as money on the part of any business which is
otherwise spent in transferring money from one country to the other. Cryptocurrency operates at the
universal level and hence makes transactions quite easy.
Crypto-currency Trading is the Forex (Foreign Exchange) of cryptocurrencies.
This means, you are able to trade different types of coins normally for USD and BTC.
Cryptocurrency Trading is the best way to get involved in the Crypto-World!
Bitcoin is a digital currency created in 2009. It follows the ideas set out in a white paper by the
mysterious Satoshi Nakamoto, whose true identity has yet to be verified. Bitcoin offers the promise of
lower transaction fees than traditional online payment mechanisms and is operated by a decentralized
authority, unlike government-issued currencies. Today's market cap for all bitcoin (abbreviated BTC or,
less frequently, XBT) in circulation exceeds $7 billion.There are no physical bitcoins, only balances kept
on a public ledger in the cloud, that – along with all Bitcoin transactions – is verified by a massive
amount of computing power. Bitcoins are not issued or backed by any banks or governments, nor are
individual bitcoins valuable as a commodity. Despite its not being legal tender, Bitcoin charts high on
popularity, and has triggered the launch of other virtual currencies collectively referred to as Altcoins.
Launched in 2015, Ethereum is a decentralized software platform that enables Smart Contracts
and Distributed Applications (Apps) to be built and run without any downtime, fraud, control or
interference from a third party. During 2014, Ethereum had launched a pre-sale for ether which
had received an overwhelming response. The applications on Ethereum are run on its
platform-specific cryptographic token, ether. Ether is like a vehicle for moving around on the
Ethereum platform, and is sought by mostly developers looking to develop and run applications
inside Ethereum. According to Ethereum, it can be used to “codify, decentralize, secure and trade
just about anything.” Following the attack on the DAO in 2016, Ethereum was split into Ethereum
(ETH) and Ethereum Classic (ETC). Ethereum (ETH) has a market capitalization of $4.46 billion,
second after Bitcoin among all cryptocurrencies.
Litecoin, launched in the year 2011, was among the initial cryptocurrencies following bitcoin and was
often referred to as ‘silver to Bitcoin’s gold.’ It was created by Charlie Lee, a MIT graduate and former
Google engineer. Litecoin is based on an open source global payment network that is not controlled by
any central authority and uses "scrypt" as a proof of work, which can be decoded with the help of CPUs
of consumer grade. Although Litecoin is like Bitcoin in many ways, it has a faster block generation rate
and hence offers a faster transaction confirmation. Other than developers, there are a growing number
of merchants who accept Litecoin.
Advantages of Cryptocurrency
Purchasing real property typically involves some third parties (Lawyers, Notary), delays, and payment of
fees. In many ways, the bitcoin/cryptocurrency blockchain is like a “large property rights database,”.
Bitcoin contracts can be designed and enforced to eliminate or add third party approvals, reference
external facts, or be completed at a future date or time for a fraction of the expense and time required
to complete traditional asset transfers.
There aren’t usually transaction fees for cryptocurrency exchanges because the miners are
compensated by the network (Side note: This is the case for now). Even though there’s no
bitcoin/cryptocurrency transaction fee, many expect that most users will engage a third-party service,
such as Coinbase, creating and maintaining their bitcoin wallets. These services act like Paypal does for
cash or credit card users, providing the online exchange system for bitcoin, and as such, they’re likely to
charge fees. It’s interesting to note that Paypal does not accept or transfer bitcoins.
When you give your credit card to a merchant, you give him or her access to your full credit line, even if
the transaction is for a small amount. Credit cards operate on a “pull” basis, where the store initiates the
payment and pulls the designated amount from your account. Cryptocurrency uses a “push”
mechanism that allows the cryptocurrency holder to send exactly what he or she wants to the merchant
or recipient with no further information.
High Risk Investment Trading foreign exchange carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts DISCLAIMER ALL ISSUES RELATES TO THIRD PARTY SERVICES INCLUDING WITHOUT LIMITATION ROBOTS, ALGO TRADING, SIGNALS AND SOFTWARE ARE PROVIDED BY A THIRD PARTY (AFFILIATE) AND THE PLATFORM DOES NOT ENDORSE ANY VENDORS OR HOLD ANY LIABILITY FOR ANY INCIDENTAL, CONSEQUENTIAL, DIRECT, INDIRECT, SPECIAL OR PUNITIVE DAMAGES (INCLUDING, WITHOUT LIMITATION, DAMAGES FOR LOSS OF BUSINESS, LOSS OF PROFITS OR LOSS OF USE) AND THE USE OF IT IS SUBJECT TO YOUR DISCRETION AND AT YOUR OWN RISK.