Investing in Cryptocurrencies — Bitcoin, Mining and Wallets

CRYPTO CURRENCY MARKET UPDATE

INVESTING ON CRYPTOCURRENCIES

BITCOIN-THE FIRST CRYPTOCURRENCY

HOW DOES CRYPTOCURRENCY WORK?

HOW BITCOIN TRANSACTIONS WORK (PROOF OF WORK)

  • Validity: Before you even do anything, first make sure that the exchange is available in your area. There are many different exchanges globally that provide the best exchange platforms to its clients. Exchanges like Coinbase, for example, are not available in some part of Asia.
  • Reputation: Next thing that you need to check is the reputation of the exchange. Are people happy with their services? Has it been hacked recently? How secure is it? Have people complained about it? Social networks such as Twitter and Reddit are excellent sources for checking this.
  • Exchange Rates: Make sure you are familiar with the exchange rates. Different exchanges have their exchange rates which may vary. Detailed research on the exchange provides a basis to starters and even pro crypto traders.
  • Safety: Please always choose exchanges which need some ID verification from you. Even though they may take time, they are easily a lot safer and secure than anonymous exchanges. It is your hard-earned money, and so you must consider that extra step to keep it safe.

INVESTING IN CRYPTOCURRENCY

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