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.