What is Cryptocurrency?

Cryptocurrencies, which are popular investment tools today, came into our lives with the development of Bitcoin (BTC) in 2009 by an unidentified person or group named Satoshi Nakamoto. Cryptocurrencies that work depending on a special encryption system can also be called a kind of digital money. All kinds of transactions related to cryptocurrencies take place depending on the technology called blockchain. The most important feature is that they are not connected to any center, that is, they are decentralized.

The first thing that comes to mind when it comes to crypto money is Bitcoin and the reason why it is mentioned so much is because it is the first crypto currency. Apart from Bitcoin, there are thousands of cryptocurrencies called “altcoins” that can work together and alternative to Bitcoin. The current number of altcoins is 9000. Ethereum, Ripple, Litecoin and LINK; the largest few of them can be counted as “altcoins”.

How to Buy Cryptocurrency ?

The number of people who want to invest in cryptocurrencies has increased considerably. So, what should investors who will take a new step into the crypto money industry do? How to invest in cryptocurrencies? How can new investors buy cryptocurrencies in 4 steps?

1- Joining a Cryptocurrency Exchange

The first thing you need to do to start investing in crypto money is to open a membership on a cryptocurrency exchange and to set up a crypto wallet. This first step, seemingly the simplest, is actually quite important for new investors. The reason for this is that the exchange you choose is reliable. Choosing a reliable exchange also means your money is safe. Accordingly, it will be very helpful to you at this stage that the crypto money exchange you choose has customer support service and is available at any time. Thus, you will be able to complete your membership phase process easily and you will always be able to easily get information in your trading process.By creating your ICRYPEX Membership registration, you can take your place in the crypto money ecosystem and start your crypto money trading transactions by following the steps in our article.

2- Account Confirmation / Authentication

This step, in which identity confirmation takes place, is an invariable step implemented in all cryptocurrency exchanges. After completing the membership stage, you need to log in to your account and verify your account identity at this stage. For your account / identity verification, you must save the front and back of your ID and your photo in the designated areas. The purpose of this stage is to perform banking transactions and at the same time to ensure user transaction security. After confirming your account, you can proceed to the deposit process as the 3rd step.

3- Deposit into Account

After completing your membership confirmation, you need to deposit money into your account. This step is the last step that must be performed before buying Bitcoin. Investors, who will invest for the first time, must transfer money to one of the banks with which the crypto money exchange is a member at this stage in order to deposit money into their accounts. You must transfer the amount you want to invest from your own bank account to the IBAN number of your stock exchange account through contracted banks.

4- Bitcoin Purchase Transaction

At this stage, you can now start buying Bitcoin. All you have to do for this is to enter an order to execute your purchase. You can buy Bitcoin either at the current market price or by entering an order at the price you set .

Bitcoin Is Not The Only Option !

Another factor that scares the new investors; The increase in the price of Bitcoin with each passing day may be a record-breaking record. So, is it possible to find the next Bitcoin? Although it is not known whether it is possible to find a new BTC among over 9000 altcoins in the crypto money markets, and most of these 9000 cryptocurrencies are inactive projects, it is possible to make “altcoin” transactions with strong research and cautious transactions.

The post Crypto Guide for New Investors: “How to Invest in Cryptocurrencies?” appeared first on b4u Wallet.

The largest Brazilian cryptocurrency exchange, Mercado Bitcoin, reported an almost ninefold increase in its financial volume in the first quarter of 2021 alone. However, many people are still afraid to bet on operations with digital assets.

Thinking about it, we prepared this article for those who are looking to know if it is possible to make a safe investment in cryptocurrency. Check out the topics we will cover:

• What are cryptocurrencies
• What are the main cryptocurrencies in the market
• How to avoid the risks of investing in digital currencies
• What are the main ways to invest in crypto assets
• How to make a safe investment in cryptocurrency

What are cryptocurrencies

For those who don’t know yet, cryptocurrencies are digital and encrypted currencies, non-divisible, unique and transferable. Through them, it is possible to make financial transactions over the internet without the need for physical money. They are considered by the IRS as an asset.

Transactions made through cryptocurrencies are encrypted and have an electronic signature, identifying the amount, sender and recipient anonymously. Thus, its biggest differential is to protect the data of its users.

In addition, those who use crypto assets do not use their personal data, such as name, email and password, in a transaction. Identification is done through an address made up of random letters and numbers that are usually accompanied by a scannable QR code. Thus, before making the transfer, the investor must have funds in his portfolio.

All transactions made with cryptocurrencies are recorded in a digital system called blockchain, which does not allow the alteration or deletion of stored data. This is what ensures the security and transparency of operations.

The main cryptocurrencies on the market

Discover the cryptocurrencies with the highest market capitalization:

Bitcoin (BTC)

With a high market cap, which is currently around $39,000, bitcoin is a pre-programmed asset. This means that its characteristics cannot be modified and that there is a limit to its issuance: up to 21 million coins.

So far, 18.6 million BTC have been issued. What a lot of people don’t know is that they can be bought in fractions.

Ethereum (ETH)

The second largest asset in the cryptocurrency market, ETH is an Ethereum network token that is used to pay processing fees for that system. Due to the great usability in its own network, some say that ETH cannot be used as money.

Binance Coin (BNB)

In 2021, BNB became the third largest asset by market capitalization. It is a Binance ecosystem token, with access to numerous features of the eponymous exchange.

Tether (USDT)

Paired with the value of the US dollar, Tether is a stable value crypto asset (stablecoin). It is issued by the Tether company, which has often failed to prove its dollar reserves. Therefore, USDT generates some distrust from investors.

XRP (XRP)

Native to the XRP Ledger, XRP is a crypto asset known in the market as ripple. This is because the digital currency is the creation of the company Ripple Labs, which is currently facing lawsuits alleging irregularities in the sale of the token.

In addition to the assets mentioned above, we also list other important digital currencies such as:

• Cardano (ADA);
• Dogecoin (DOGE);
• Polkadot (DOT);
• Uniswap (UNI);
• Litecoin (LTC).

How to avoid the risks of investing in digital currencies?

While cryptocurrencies may seem like an easy-to-profit investment opportunity, experts warn that caution is warranted. It is recommended not to allocate more than 5% of the portfolio to assets.

As cryptoassets are volatile, it is worth investing in a varied portfolio, as this reduces the risks of a big fall. However, the golden rule is: research a lot and know the market and the asset. This includes researching the reputation of companies and learning how to store coins to avoid hacker attacks.

Anyone who intends to trade in the P2P modality, between individuals, must be very careful not to become the target of scammers who use fake profiles. Thus, it is important to look for renowned vendors with references.

What are the main ways to invest in crypto assets?

There are five safe ways to invest in crypto assets. Discover the following options:

Exchange

The exchange is a good option for those looking for variety and practicality: there are several options for cryptoassets and the user only needs a cell phone and his ID to start acquiring bitcoins through applications. However, to transfer them it is necessary to pay a fee.

Trust fund

One of the least risky ways to invest is through cryptocurrency funds . This is because, according to the Securities and Exchange Commission (CMV) rule, ordinary investors can only access funds that allocate up to 20% in crypto assets. However, the possibilities of earnings are also smaller.

Index fund (ETF) on the stock exchange

In 2021, the Brazilian stock exchange listed the first crypto asset ETF in Latin America, the HASH11. With approximately 60,000 shareholders, it is already one of B3’s largest variable income ETFs.

The asset has the same advantages as an investment fund, such as safe custody, and has low-value quotas, such as R$50. However, it is not yet available to anyone.

Peer-to-peer (P2P)

As we mentioned in the previous topic, P2P is a negotiation made directly between two individuals, without the mediation of companies. The big advantage is that there is no purchase order, speeding up the receipt of cryptocurrencies.

Decentralized exchanges (DEX)

DEX are autonomous systems, which offer a large offer of crypto assets for investment and use contracts to intermediate negotiations. However, this modality is quite vulnerable and the DEXs can be easily hacked, or even set up in a coup.

How to make a safe investment in cryptocurrency

Below we have prepared some tips for you to make a safe investment in cryptocurrency:

If you are not going to trade your asset, it is recommended not to leave it at the brokerage house. That’s because they are often targeted by hackers and you can lose your funds. The safest thing is to distribute your coins on different platforms and devices or in your own crypto wallet app.

As we are talking about a long-term investment, the best investor can do to protect their cryptocurrencies is to create a security account with a hardware-wallet, a device similar to a pendrive. Only use the broker when trading.

When using a brokerage, the ideal is to place the money in known exchanges, with a large number of customers and more time in the market. In Brazil, the best options are:

• Ripio;
• Bitcoin market;
• Foxbit;
• BitPrice;
• BitcoinTrade.

It is worth mentioning that the investor must not share his private keys and passwords with anyone, at risk of losing his funds permanently.

Conclusion

Although they still generate distrust, cryptoassets are increasingly showing that they can be interesting investment options, especially for those looking for more autonomy and looking for lower rates.

The post Is safe investment in cryptocurrency possible? appeared first on b4u Wallet.

Bitcoin, Ethereum, Bitcoin cash, Litecoin, Dogecoin and Ripple. Out of all these options two stand out and these are Bitcoin or Ethereum.

The best one to invest?

The master of all Digital currencies is Bitcoin (Btc)

Bitcoins were launched in 2009 and it’s been the talk of town since then. Bitcoin was invented by Satoshi Nakamoto. Thiscreator is anonymous and we don’t know about his or her whereabouts whatsoever. Though the identity of the creator of bitcoin is shady but bitcoins are not. Though no government is involved in its purchase or sale still it’s reaching the sky limits of demand.

First-rate chance for investors. Invest in Bitcoin

Should you invest in Bitcoin?

If you are in an investor at heart and you want your money multiplied Bitcoin is your answer. Bitcoin is in demand and because it is in demand there is a chance of earning a huge profit out of it. What you need to do is buy few Bitcoins from your local exchange and trade them later when its price increase in the digital market. There is one other ease with bitcoin and that is it is totally possible to convert your Bitcoins into other currencies, suppose you have a bitcoin and you want to convert it into your local currency. Just go to your B4U Cryptocurrency Wallet and Exchange and avail that option. You can also buy bitcoin from B4U wallet we sell them on reasonable prices.

The opinion of Bigwigs regarding Bitcoin

The recent advocate of BTC is Elon musk and he said that bitcoin is the next big thing. He is of the view that

“BTC bypasses currency controls and crypto is a far better way to transfer value than pieces of paper”

Not just that the founder of twitter has also invested in BTC so if you are scratching you head on a question that weather you should invest in BTC or not the answer is “you should”

The second best option in Cryptocurrencies is Ethereum

Ethereum ETH is a cryptocurrency and its blockchain is generated by the Ethereum platform. It was launched in 2015 by Vitalik Buetrin. He is a cryptocurrency researcher and programmer. ETH went live on 30july 2016 with 72 million coins.

Invest in Ethereum (ETH)

Unlike the founder of Bitcoin the founder of Ethereum is not shady. He is a public figure and he can be accessed but still the pattern of Ethereum is very much like that of BTC. ETH follows the same rules. it is decentralized and there is no government control on it whatsoever. There is a chance of making a huge profit out if it. Back in the 2015 the value of one ETH was one dollar and now it’s $133.24 seeing this it is obvious how much chance there is for investors in it. it is among those cryptocurrencies which stand out so if you are an investor and you are looking for ways through which you can make a profit ETH is your answer. If you want or buy or sell BTC or ETH In Kuala Lumpur B4U wallet can assist you with that. We are the reliable source through which the buying or selling of cryptocurrencies is possible.

B4U Trusted investment platform

Cryptocurrency will replace the paper currency in near future and when that will happen its value will reach the sky limits. If you are smart you know what you have to do. Buy the cryptocurrency as much as possible from B4Uwallet.com in Kuala Lumpur, Malaysia and if not just that if you have some BTC and ETH in your digital wallet and you want to convert it into local Ringgit B4U wallet can assist you with that as well.

B4u is the reputed crypto exchange and it has sold thousands of Cryptos so far.  With the ATM machine installed at b4u it’s pretty easy for the natives of Malaysia to come and have the virtual currencies of their choice. You can buy Digital coins from us and in case you have some and you want to trade them we offer that option as well. In this exchange It is also possible to have your local currency in exchange of your cryptocurrencies. If you want any other currency in place of your virtual coins you can have that too.

Virtual currencies are being the craze for all the right reasons. There is a chance of profit in it and the ledger is out in the public. There is nothing which is ambiguous about them and that’s why you should have them.

It’s a fact that we have lived with paper money all our lives and it is one of the major reasons why we are reluctant to let it go but we should let go. The paper money has lost most of its value even dollars are declining in value but Cryptos are soaring high and they will continue to soar high.

The people who made fun of BTC in 2008 are now desperate for it. When BTC come into the digital market no one paid attention to it but because of its authenticity it worked and now people are working their way toward it. Before you lose your chance to have enough crypto in your wallet rush to secure it. The Digital coins are getting expensive every passing day and there is a chance that you won’t be able to buy them in the coming years with your current income so make hay when the sun is shinning. Buy the cryptocurrency and make a future out of it.

Act wisely and do what you should have done earlier. Rush to B4U and add the digital coins in you wallet, they guarantee profit.

The post A Quick Guide for Bitcoin and Ethereum Investors: After the Cryptocurrency Booming. appeared first on b4u Wallet.