Start with Crypto

Investing in an invested’s foreign exchange market area can be a little daunting for a traditional investor, as investing directly in a p rt currency (CC) requires the use of new tools և the adoption of some new concepts. So, if you decide to dip your fingers in this market, you will want to have a very good idea of ​​what to do and what to expect.

Buying and selling CCs requires you to choose an exchange that deals with the products you want to buy and sell, be it Bitcoin, Litecoin or any of the more than 1300 other symbols playing. In previous publications, we have briefly described the products and services available on several exchanges to get an idea of ​​the different offerings. There are many exchanges to choose from, and they all do their own thing. Look for things that might work for you, such as:

– Deposit policy, methods ծախս costs of each method

– Return policy և costs

– What counterfeit currencies are traded to get deposits back?

– Goods they deal with, such as cryptocurrencies, gold, silver, etc.

– Transaction costs

– where is this exchange based? (USA / Great Britain / South Korea / Japan aponia …)

Be prepared for stock market regulation so that it is long and detailed, as stock exchanges generally want to know a lot about you. It’s like setting up a new bank account, because stock exchanges are brokers of valuable things, they want to be sure that you are who you say you are, that you are a trusted person with whom you are dealing. It seems that “trust” is earned over time, as stock exchanges usually allow only small investments to be made.

Your Exchange will store your CCs for you. Many offer “cold storage”, which simply means that your coins are stored “offline” until you indicate that you want to do something with them. There are many stories about hacker attacks on stock exchanges, many coins have been stolen. Think of your bank coin as being like a bank account, but remember that your coins are only digital, all blockchain transactions are irreversible. Unlike your bank, these exchange offices do not have deposit insurance, so be aware that hackers are always there և trying their best to get or steal from your Crypto Coins. Exchanges generally offer password-protected accounts, և many offer 2-factor authorization schemes.

Given that hackers like to hunt on stock exchanges և in your account, we always recommend using a digital wallet for your coins. It is relatively easy to transfer coins into your հաշվի wallet Exchange Exchange account. Be sure to choose a wallet that handles all the coins you want to buy or sell. Your wallet is also the device you use to “spend” your coins with merchants who accept CCs for payment. Both wallets are “hot” և “cold”. Hot wallets are very easy to use, but they leave your coins under the influence of the Internet, but only on your computer, not on an Exchange server. Cold wallets use online storage media, such as specialized hardware memory sticks and plain prints. Using a cold wallet complicates transactions, but they are the safest.

Your wallet contains a “private” key that allows you to access all the transactions you want to initiate. You also have a “public” key that is shared online so that all users can identify your account when they are involved in a transaction with you. Once hackers get your personal key, they can move your coins wherever they want,, it is irreversible.

Despite all the challenges և wild instability, we are confident that the underlying blockchain technology is changing the game կ revolutionizing the way transactions are done.