Debunking the Myths of Cryptocurrency

Here in this article, we will discuss some myths that are surrounding the cryptocurrency market and how to break it for separating the real facts from that of the misconception of the fictional rumors.

Although the dynamic cryptocurrency traders chase the news and updates from the industry, there still exist a good number of confusions and myths around blockchain and cryptocurrencies. It is very important for you to first understand the whole concept of crypto and then jump into the ocean of virtual currencies.

After reading this article, you can easily put together your thoughts and formulate your own opinion about what Cryptocurrencies are. 

• Cryptocurrencies are the new generation tulip mania: 

Everyone knows that Bitcoin and the other cryptocurrencies are something that does not exist physically and you can’t even touch them and yet everyone is crazy about it. They do not exist in your wallet like the fiat currencies. Instead, they exist on your computer and you can buy a lot of things using them virtually. This phenomenon of cryptocurrencies is becoming global day by bay, and if one likes it or not the concept has become unignorably important. 

• Trading is essential to make profits: 

Though people think it is mandatory to buy or hold cryptocurrencies to earn profits from them, the actual fact is that everyone can trade cryptos without even buying it. The market of these virtual currencies is extremely unpredictable and it works on speculation. There can be multiple opportunities created by the high volatile market which is a great window for making profits. 

• Bitcoin and Blockchain technology are the same things: 

Blockchain is the underlying technology for cryptocurrencies which facilitates the process of recording the transaction within some blocks. These names can get you confused as they both store transaction data in a chain of blocks that are linked together. Blockchain is a shared immutable ledger here no participant can tamper with a transaction after it is recorded in the chain. Cryptocurrency like Bitcoin is just a small part of its application. 

• Crypto coins and tokens are the same: 

Crypto coins are virtual currencies that can be used as an alternative to payments, while tokens are used in a completely different way. There are many people across the world who have mistaken these crypto coins and the tokens as the same thing. Now, the virtual currency exchange market holds over 2308 cryptocurrencies each of which has a completely different market capitalization. 

• Crypto Trading is not as safe as the transactions are anonymous: 

Crypto trading and investment can be subjected to market risks just like the other investments. But it is fully secured and the only risk that can be occurred is regarding the price volatility and the regulation issues of these cryptocurrencies. There exist some cryptocurrencies that focus on privacy and anonymity, but it does not explain that all the cryptocurrencies are anonymous. They do possess a layer of transparency that differentiates them from the substantial commodities and the fiat currencies. 

• Cryptocurrencies are only for the technical and finance communities: 

Many people are not known to the fact that every single individual in this world can do their digital currency exchange with minimum trading fees. Gradually the big companies also are accepting and utilizing these new technologies like Blockchain and cryptocurrencies. The ones with a little bit of knowledge about these new technologies will stay away from it and think that these are only for the tech people and those related to finance companies. 

As more and more people are educated about these virtual currencies and trying to invest in those, I would definitely argue that these are the safest and the most secure options for doing any transactions. All these virtual currencies work the same way as the traditional fiat currencies do, with the value being chosen by the same group of people who are using these currencies. The only difference between the real currencies and these virtual assets is that we can touch the fiat money physically and store them while we cannot touch the crypto assets as they are digital or virtual. 

Conclusion: The virtual currencies are progressively changing the approach in which financial operations have been carried out. There are daily new additions of people around the globe who are accepting the cryptocurrencies with the intention of taking pleasure from the benefits that these virtual currencies offer. On an endnote, for enjoying the profits from these virtual currencies in the real world, you need to take apart the myths from the truth by yourself and that too before investing in the Cryptocurrency Trading Platforms.

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Guide To Find The Best Cryptocurrency Exchange Platform

Cryptocurrency Exchange Platforms process like banks in many ways. They hold your money; they manage your transactions and they are responsible to keep your funds safe. They should also be user-friendly, reliable, and easy to use. Finding the best cryptocurrency exchange for you can take some time and effort, but it pays off in the long run. We recognize that it can be intimidating to assess which exchange is good or which isn’t, hence this article will guide you on the factors to consider for the best crypto exchange platforms.

• Reputation:

It is important to look up the reputation of an exchange platform. The best way to find out exchange is to look through the reviews from individual users and well-known trade websites. Reviews will give you a rough idea about the authenticity & features of the exchange. All reviews are important because they are based on factors like liquidity and security. Furthermore, you can check online communities of these exchange platforms.

• Fees: 

Every digital currency exchange platform has a completely different fee structure that is targeted to a particular type of user. Before joining, make sure you understand the deposit, transaction, and withdrawal fees. Fees will differ considerably depending on the exchange you employ. Cryptocurrency transactions are supposed to be close to free if you’re sending coins directly from one blockchain address to another. If a user needs to swap one currency for another, then the Cryptocurrency exchange platform they use will charge for that service.

• Payment Methods:

What payment methods are available on the exchange? Credit & debit card? Wire transfer? PayPal? If an exchange has restricted payment choices, then it may not be convenient for you to use it. Remember that buying cryptocurrencies with a MasterCard can invariably need identity verification and buying cryptocurrency via wire transfer can take considerably longer as it takes time for banks to process.

• Verification Requirements:

The vast majority of the Bitcoin trading platforms need some sort of ID verification so as to create deposits & withdrawals. Some exchanges will allow you to remain anonymous. Although verification, which can take up to a few days, it protects the exchange against all kinds of scams and money laundering.

• Liquidity:

Liquidity on a cryptocurrency exchange platform simply means the degree to which a particular asset can be quickly bought or sold without altering the general stability of its price. It is highly advised to join an exchange platform with higher liquidity since it guarantees market stability of the asset. Higher liquidity gives access to quicker transaction times. It makes it possible to complete exchange & transactions faster, more easily and without having to deal with price volatility.

• Security: 

Security is the most important factor in choosing a digital exchange platform. Before you pick an exchange platform, make sure to check its history, make sure it offers solid security measures to protect your funds. Any crypto exchange platform should have basic security features like two-factor authentication and keeps its deposits in cold storage so that they can’t be grabbed by electronic thieves, username, password, and extra security keys. Measures such as e-mail encryption with OpenPGP or U2F is a bonus.

• Transparency: 

A cryptocurrency exchange platform has to maintain a level of transparency to gain user trust. Before choosing a digital exchange platform, it is important to check its authenticity. Does the exchange reveal its owners, its headquarter address and information about the managing team that’s working for your assets? Transparent cryptocurrency exchange platforms also publish their cold storage address or help check their reserves in other ways, like audit information.

• Geographical Restrictions: 

First, you’ll want to make sure that the Cryptocurrency Exchange Platform you’re going to use is available and legally operating in your country. Some specific user functions offered by exchanges are solely accessible from certain countries. Make sure the exchange you want to join permits full access to any or all platform tools and functions within the country you presently sleep in.

• Usability: 

Cryptocurrency Exchange Platforms shall offer a mobile app for its use. But whether or not you want to access the exchange from your smartphone is a further consideration for a platform to be user-friendly. The actual usability of a platform is judged through the quality of its user interfaces. It can vary widely between different cryptocurrency exchange platforms.

All in all, selecting an exchange is the gateway to the crypto world. If you’re simply getting started with crypto, There are many factors to consider when choosing the best exchange, It is recommended to use Digital Ticks exchange platform since it holds all the factors mentioned above.

This content has been taken from https://digitaltickscryptocurrencyplatform.wordpress.com/2019/07/23/guide-to-find-the-best-cryptocurrency-exchange-platform/ and originally posted on https://digitaltickscryptocurrencyplatform.wordpress.com/2019/07/23/guide-to-find-the-best-cryptocurrency-exchange-platform/

How to Start Investment in Cryptocurrency? A Beginners Guide

Beginners Guide to Cryptocurrency

Cryptocurrency has basically been a topic of intense discussion over the most recent couple of years. Many times we have heard stories of people becoming millionaires overnight and, at the same time thousands of people losing their hundreds of dollars wanting to make a brisk buck?

Thus, if you are hoping to put resources into crypto in a safer way, then this guide is for you. The aim of this guide is to help and educate investors as much as possible and to decrease the speculation in the market.

How to Start Investment in Cryptocurrency?

• Exchange platforms where you can buy Bitcoins or any other Crypto Currency

If you are living in a country where you have an official cryptocurrency exchange, then you don't have to stress a lot over trading cryptocurrency. You can quickly sign up for the exchanges and transfer money from your bank account to buy any digital assets. Listed are few country wise exchanges:

• USA: CoinBase, Kraken, Gemini
• INDIA: Digital Ticks, BitBNS
• UK, EUROPE: CEX
• ISRAEL: CoinMama

However, the problem is for people living in the countries where there is no cryptocurrency exchange and users have no option of transferring funds from their bank accounts to buy any digital assets. This makes it actually hard for the users to hold any digital currency now and with the costs surging at a faster pace, it may be late for many to get hold of cryptocurrencies. But that is where we come to rescue. Wondering how? We have concocted different choices through which you can trade cryptocurrency.

• Using PayPal
• Using Credit Cards
• Using Debit Cards/Bank Account

As we find new working strategies, we will continue sharing it on Digital Ticks. Until further notice, what's important is that you have to pick an exchange/website from where you can trade cryptocurrency on a regular interval.

Storing Cryptocurrency in A Secure Wallet

To store any digital asset, you need a wallet. In the event that you look online for any cryptocurrency wallets, you will get a lot of choices yet you should be cautious with picking the correct one. With numerous wallets being fraud, you will end up losing your assets.

Bitcoin isn't like the typical money that you keep in your bank. You are responsible for the security of your cryptocurrencies and that is the reason you keep it in a wallet that you have 100% authority over. This is done by having the ownership of a private key. For the beginner, it might sound extremely technical, yet it is, in reality, it is easy to understand.

To simplify your understanding, you simply need to utilize a well-recognized wallet that allows only you, to keep the secret code. This code is the secret key for your wallet. Regardless of whether you lose your cell phone or iPad, you can recuperate your crypto wallet with this security code.

What is the right time to engage with cryptocurrency?

There is no broad guideline when to buy cryptocurrency. Typically it's not a smart thought to purchase in at the peak price, and more often, it is likewise not a smart thought to get it when the prices are crashing. The best time may be when the cost is steady at a moderately low level.

The art of trading is to choose when a crypto is at its highest peak and when it reaches after falling. Sometimes, a coin price rises, and after it passes a certain mark, where everyone thinks this must be the peak of that rise, the genuine rally begins.

The only advice given is to sit aside and take some time. Try not to purchase in, just because there was a dip. There may be another as well and don’t buy in because of the fact that you are afraid that it will detonate tomorrow. Watch it, keep yourself informed, buy it, when you think the timing is good. Also, don't be a feeble hand. Try not to sell it too soon. Hold it because the monetary revolution has just begun.

How safe such investments are?

At this point, you can presumably observe that there is no simple answer to this question. It's not only the matter of should you invest, yet additionally a matter of how to invest. As stated above, start educating yourself. Learn about the cryptos, what influences it, what are its points of interest and drawbacks, etc. After you feel you've procured some basic instruction, it's the ideal time for only you to answer this question. When you start, start small and learn as you go. You'll most likely commit a few mistakes, which everyone does. You can consult others and read the info online but never follow somebody's advice blindly.

What is Cryptocurrency Exchange?

All you need to know about Cryptocurrency exchanges

Cryptocurrency exchanges are the websites where you can purchase, sell or trade cryptocurrencies for other digital currency or traditional currency like US dollars or Euro. For those that want to trade professionally and have access to extravagant trading tools, you will probably need to utilize an exchange that expects you to verify your ID and open an account.

Types of Exchanges:

• Trading Platforms: These are websites that associate buyers and sellers and take fees for every transaction or exchange.

• Direct Trading: These platforms offer direct person to person trading where people from various countries can exchange currency. Direct exchanging trades don’t have a fixed market price; rather, each person sets their own exchange rate.

• Brokers: These are sites that anybody can visit to purchase cryptocurrency at a value set by the broker. Cryptocurrency brokers are similar to foreign exchange dealers.

The vast majority of these exchanges are somewhat new to the business sectors so it's vital to complete a smidgen of homework before you begin signing up to exchange. There are 5 Cryptocurrency Exchanges which are topping the charts.

• Digital Ticks: A First-ever commodity - crypto exchange well designed by traders for traders. Digitalticks has installed robust technologies behind the scene that could handle heavy volatility of the crypto markets, as well as commodity markets which can manage & process up to 1,000,000 orders per second. Visit the business website for more details.  Digital ticks allow you to access exchange on the go. They have a mobile app for Android and iOS. Download the app (Android & iOS) now and keep track of your transactions, portfolio, and so on. 

• Binance: Binance offers desktop access and mobile app both for users.

• Bitmex: Popular with high volume.

• Bittrex: Another high-quality exchange with a lot of coins.

• Changelly: Instant conversion with a great user interface.

Bottom Line: In every case, an individual new to crypto trading will need to utilize an exchange or broker. Newcomers will possibly need to utilize a direct trading platform when their alternatives are restricted (either constrained by guideline or constrained by coin choice).

Which trade would it be advisable to utilize? If you are a beginner and don't have the foggiest idea what you are doing, try your hands on Digitalticks and take it from that point. This isn't the only choice, but they are beginner friendly. Keeping in mind, all exchanges and products referenced above are fine choices for what they are.


Stay with us for an upcoming article on How to start investing in Cryptocurrency? A Beginners Guide

What is Cryptocurrency - A Beginners' Guide

A cryptocurrency is a digital or virtual currency that utilizes cryptography for security. A cryptocurrency is hard to counterfeit because of this security feature. Numerous cryptocurrencies are decentralized frameworks dependent on blockchain technology, a distributed ledger enforced by a disparate network of computers. A defining feature of a cryptocurrency, and apparently its greatest appeal, is its organic nature; it isn't issued by any central authority, rendering it hypothetically resistant to government interference or control.

Technology: 

The blockchain is a distributed ledger technology, which serves as a public financial transaction database.

First Player in The Market: 

The first blockchain-based cryptocurrency was Bitcoin, which still remains the most prominent and generally most valuable. Bitcoin, first released as open software considered the first decentralized cryptocurrency in 2009. Today, there are thousands of alternate cryptocurrencies with different capacities or specifications. A portion of these are clones of Bitcoin while others are forks or new cryptocurrencies that split off from an already existing one.

Cryptocurrency History: 

Cryptocurrency existed as a hypothetical construct long before the primary digital alternative currencies appeared. Early cryptocurrency proponents shared the objective of applying cutting edge mathematical and computer science principles to unravel what they saw as viable and political shortcomings of "traditional" fiat currencies.

David Chaum the American cryptographer, in 1983 considered unidentified cryptographic electronic money called eCash. In 1995, he executed it through Digicash, an early type of cryptographic ePayments which required user software so as to pull back notes from a bank and assign explicit encrypted keys before it can be sent to a beneficiary. In 1996, the NSA distributed a paper qualified How to Make a Mint: the Cryptography of Anonymous Electronic Cash, depicting a Cryptocurrency framework first distributing it in an MIT mailing list and later in 1997, in The American Law Review.

Beginners Guide to Crypto Currency Exchange:

Cryptocurrency exchanges are the online platforms in which you can trade one sort of digital asset for another based on market value of the given resources. It is vital not to confuse between cryptocurrency exchanges for cryptocurrency wallets or wallet brokerages. Cryptocurrency wallets and wallet brokerages, for the most part, enable you to purchase and sell a small range of digital assets like Bitcoin and Ethereum, which you would then be able to send to an alternate exchange to trade for other advanced digital assets like altcoins. This statement isn't completely exclusive, however; most cryptocurrency exchanges will limit their users to just trade digital assets, yet a few of them allow trades of fiat currencies, for example, U.S. Dollars for the cryptocurrency. Few examples of such an exchange are listed as follows:

• Coinbase/GDAX:

Coinbase is a digital currency exchange headquartered in San Francisco, California. They broker exchanges of Bitcoin, Bitcoin Cash, Ethereum, and Litecoin with fiat currencies in approximately 32 countries, and bitcoin transactions and storage in around 190 countries

• Bitstamp: 

Bitstamp is a bitcoin exchange situated in Luxembourg. It permits trading between USD currency and bitcoin cryptocurrency. It permits USD, EUR, bitcoin, litecoin, ethereum, ripple or bitcoin cash deposits, and withdrawals

• Gemini: 

Gemini is a digital currency exchange and overseer that enables clients to purchase, sell, and store digital assets. It is a UK based company regulated by the NYS Department of financial services.

After going through various cryptocurrency exchanges and platforms, we found one of the best cryptocurrency exchange Digital Ticks.

• Digitalticks: 

A First - ever commodity - crypto exchange well designed by traders for traders. The Exchange is going live on April 14, 2019, and offers coin such as Bitcoin, Ethereum, DTX Token, DOGECoin, USDM, and INRM, etc. The Exchange has installed robust technologies behind the scene that could manage heavy volatility of the crypto markets as well as commodity markets which can handle up to 1,000,000 orders per second.

Digital Ticks Transaction Charges & Fee: 

DTx (Digital Ticks Exchange) would not levy any transaction charges for the first few months of inception thereby giving traders to trade on ZERO transaction charges. DTx would give volume-based incentive for high -frequency trader (HFT) which would give them scope for retaining higher profitability in the trade. DTX is the safest trading platform with user-friendly interface and multiple coins and device support, customized UI and fastest order processing capacity.