Traditional investors may find it challenging to invest in the Crypto Currency market space, since investing directly in Crypto Currency (CC) requires using new tools and adapting new concepts. So if you do decide to dip your toes in this market, you will want to have a very good idea of what to do and what to expect.
To buy and sell CC’s, you need to choose an Exchange that deals in the products you want to buy or sell, whether it is Bitcoin, Litecoin, or any of the over 1300 other tokens available. As previously described in previous editions, you can get an idea of the various products and services offered at some exchanges. You can choose from many Exchanges, each of which operates in its own style. Think about the things that matter to you, such as:
Deposit policies, methods, and costs for each deposit method
Withdrawal costs and policies
Which fiat currencies they accept for deposits and withdrawals
They deal in products such as crypto coins, gold, silver, etc.
The cost of transactions
Where is this Exchange located? (USA / UK / South Korea / Japan…)
It is common for the Exchange setup process to be detailed and lengthy, since the Exchanges generally want to know a lot about you. Setting up a new account with the Exchange is similar to opening a bank account, since the Exchanges are brokers of valuables, and they want to ensure that you are who you say you are, and that you are a reliable person. As a general rule, the Exchanges typically allow only small amounts of investment to begin with, so “trust” is earned over time.
Your Exchange will store your credit cards for you. There are many companies that offer “cold storage”, which simply means that your coins are kept “offline” until you indicate that you want to use them. A number of news stories have appeared about exchanges being hacked and coins being stolen. It’s like having your coins in a bank account at the Exchange, but remember that your coins are only digital and that all blockchain transactions are irreversible. Due to the lack of Deposit Insurance on these Exchanges, you should be aware that hackers are always attempting to get at your Crypto Coins and steal them. To protect your account from hackers, most exchanges offer password-protected accounts and 2-factor authorization schemes.
Hackers are notorious for preying on Exchanges and your account, so we always recommend using a digital wallet for your coins. Moving coins between your Exchange account and wallet is relatively easy. Choose a wallet that can handle all the coins you’ll be buying and selling. Wallets are also the devices you use to spend your coins with merchants who accept credit cards. “Hot” and “cold” wallets are the two types. Despite the ease of use, hot wallets expose your coins to the internet only on your computer and not on the exchange server. Offline storage mediums, such as hardware memory sticks and hard copies, are used by cold wallets. Cold wallets make transactions more complicated, but they are the safest.
The “private” key in your wallet authorizes all transactions that you want to make. You also have a “public” key that is shared on the network so that all users can identify your account when involved in a transaction with you. When hackers get your private key, they can move your coins anywhere they want, and it is irreversible.
Our firm belief, despite all the challenges and wild volatility, is that the underlying blockchain technology is a game changer, and will revolutionize the way transactions are conducted moving forward.
Due to its open source nature, ETH contributes to collaborating projects of various industries and firms, thereby increasing their utility. In contrast to Bit-coins, which are used to exchange money in a digital network, ETHs can be used for multiple purposes besides financial transactions, and they don’t require permission from governments, which means people can use them on their mobile devices. As the exchanges are primarily software based, Ether’s price has remained stable and it avoids the disturbance of any third party intermediary such as lawyers or notaries, making it the second best cryptocurrency to invest in right now.
If you are going to dive in the Crypto then you must look into the SafeBlast, they provide some extra perks to their users.
SafeBLAST (BLAST) is both a UTILITY and a DEFLATIONARY token. In addition to online and vending machine purchases, BLAST can be used in retail stores and vending machines. SafeBLAST is a deflationary token that generates yield and liquidity autonomously. Each time someone buys or sells BLAST tokens, the total supply decreases. All token holders on the chain are passively rewarded with every transaction. Additionally, liquidity is generated automatically to support the floor price. Supply and demand will play a major role on the floor price increase as circulating supply becomes limited, which benefits BLAST holders.
Every transaction you make with SafeBLAST will automatically reward you with rewards. There is no need to farm, stake or fill out claim forms.
SafeBLAST charges a 10% fee for every transaction. This is divided into two parts REWARDS and LIQUIDITY. REWARDS is a 5% transaction fee that is distributed in a percentage to every wallet that holds SafeBLAST. You will receive more rewards if you hold more SafeBLAST. The “DEAD” (burn) wallet receives the most percentage of the burn. The second part is LP GENERATION, which is also referred to as Liquidity. Part of the transaction fee is deposited back into the PancakeSwap liquidity pool, which is also locked for 5 years (2026).
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