Buying Cryptocurrency

It's a new year, and Bitcoin is on fire. The market is hot, and new investors are eager to join the party. While it's true, you can find Bitcoin on many exchanges nowadays. Unfortunately, not all of these exchanges are the best place to buy the world's oldest cryptocurrency.  Experienced investors understand that the exchange you buy your crypto from must be secure and reliable. There's nothing worse than when someone loses their hard-earned crypto because they didn't DYOR and…

The crypto market is back on track as we saw new all-time highs in the past weeks. Unlike in 2017, when speculative investors were the driving force behind the bull run, there is a strong push from institutional investment firms fueling this go-around. It appears that Bitcoin and the entire crypto market have reached a tipping point in adoption. For this reason, now is one of the best times to invest in the market.  Why Index Funds are a Smart…

Coinbase stated that it witnessed a tidal wave of deposits in the 48 hours after Bitcoin’s plunge on the 12th of March 2020. The crypto exchange saw its highest Bitcoin buying numbers in the last one year. Coinbase posted a recovery from its drop to $3800 with bullish sentiment presenting before Bitcoin reached $7800, which may contribute to a further upward push, after the block reward halving coming in the short term. Reports reveal that retail Bitcoin purchasing on Coinbase…

Before buying any cryptocurrency, you must decide if you want to be an investor or a trader. Familiarizing yourself with the difference will save you from massive loss. The worst thing you could do when entering crypto markets is an investor who thinks like a trader or vice versa.  People can use the coins to purchase goods or services, buy and hold cryptos, diversify their portfolios, or buy and sell cryptocurrencies to profit from short-term price movements. These participants use…

Recently, BlockFi, a crypto lender, announced the addition of a new product feature on its platform. The crypto lender will give its users the ability to send cash to the platform through the wire. As of the 10th of March, users can now send USD wires to the BlockFi platform to buy stablecoins and begin earning up to 8.6% APY on the USD-denominated assets. The wires sent will be exchanged for Gemini Dollars (GUSD) on the platform, and the deposited…

Mainly, a trader buys and sells goods intending to make profits. That is, buy for less but sell for more. What and how don't matter, but when you choose to buy and sell goods will determine whether you are trading or merely investing in that product or service. Let's dig into the details. First, to fully understand the basics of trading, you should know the difference between investing and trading. Financial experts define trading as buying commodities, shares, and sometimes…

Crypto enthusiasts keen on trading at the best possible prices from the entire crypto market can now be delighted: SWFT Blockchain just released the Octopus Trade, which is the answer to all their worries. Everybody is searching for the best price when trading cryptocurrencies, and that is both exhausting and difficult. The first step any crypto enthusiast will do is to research multiple exchanges while searching for the best price. When you finally identify the best price out there, you…

With an increasing number of cryptocurrency amateurs coming into the market every day, it is evident that there is a growing rise in demand for resources that guide them along their journey. Various information-providing sites are available online to help you with that information. They are needed to get an expanded picture of the whole sector and make informed decisions based on their findings. Readers are encouraged to use the resources available and allow themselves to understand and comprehend the…