Cryptocurrency Blog

Why Should I Backup My Private Keys? Before understanding the importance to have a backup of your private keys, you should be aware of the terms public and private keys. These keys are required for cryptocurrency assets transaction. Private Keys vs. Public Keys Anyone can get unauthorized access to the crypto assets with the help of the private keys. Owning the private key means having the full ownership of the crypto assets that belong to a particular address. Just like the way your signature works in for the cheque to authorize a payment that you want to make, similarly, the private key is used to authorize the crypto payment. However, the private key will be invisible to the public and it will be in an encrypted format. The public key is the address for crypto assets. You can disclose the public key to anyone you want to make a transaction with. The way your account number facilitates a depositor to deposit money into your account, your public key address is used here ...

How to Buy Bitcoin in a Safe Way INTRODUCTION Bitcoin has recently become very popular around the world although it is in existence for many years. People are eager to know more about this cryptocurrency called ‘Bitcoin’ as how and from where to buy these in the safest way. As a novice to this domain there are chances that you might come across some fraudster or hackers or even a scam that is going around this, so to be in a position to buy the Bitcoin in a safer way here are some safety measure that can be followed while trading in Bitcoin. Here we have Categorized the  safety measures   when it comes to cryptocurrency IDENTITY SECURITY The main highlight of Cryptocurrency is privacy and since many of the regions in the world still haven’t accepted the usage of Cryptocurrencies so to hide or to mask the identity of the person holding this currency is a vital thing. FINANCIAL SECURITY The Bitcoin is another form of money only, so the risks ...

INTRODUCTION Bitcoin at present is the most valued cryptocurrency that is trending around the world. The reason behind it is the trust and security factor which forms an integral part of the technology it uses. The use of Cryptography in securing the transactions carried out while transferring or receiving these bitcoins make it stand out while comparing it with the standard fiat currencies. The research outlined by the University of Cambridge states that more than 5 million users are using bitcoin as of now. Bitcoin’s can be stored securely using the following methods. BITCOIN WALLET The bitcoin wallet is an address that is encrypted using cryptography to store the bitcoins and secured using public & private key. The person who has access to these keys can carry out financial transactions related to that wallet. These are similar to an account number and the password of an account, a combination of both is needed to access. Based on this logic there are different kin...

Easy Steps to Secure Your Cryptocurrency Wallets Wallet security is really important to make your cryptocurrencies safe and secured. If the security is not strong enough, then your assets can be the assets of someone else and the chances are pretty less to get them back. You have to follow some security steps to make your crypto assets remain safe with you, in your control. Secure Your Operating Device If your operating device is not secured, your cryptocurrency wallet is also not secured. You need to have a secured operating system in your operating device with updated antivirus and firewalls for any of your crypto transaction. Avoid Public Wi-Fi Network    Public Wi-Fi which is available in restaurants, hotels, airports, parks or any other places may not be safe. So, always avoid accessing your wallet from a public Wi-Fi network. If you really need to log in your wallet from a public network, always access through a secured Virtual Private Network (VPN). Us...

The trend of Cryptocurrency in 2019 Cryptocurrencies are digital assets that were introduced to carry out trustworthy and secure financial transactions with the help of cryptography. Cryptocurrencies can also be said as digital currencies that use encryption techniques to regulate the generation of units of currency and scrutinize the transfer of funds independently, without the interference of the central bank. We can also buy the cryptocurrencies through cryptocurrency exchange The world of cryptocurrency is vast and these are the top 10 cryptocurrencies listed below: Bitcoin (BTC) Ripple (XRP) Ethereum (ETH) Bitcoin Cash (BCH) Stellar (XLM) Litecoin (LTC) EOS (EOS) Tron(TRX) Binance Coin (BNB) Cardano (ADA) The Ascent  of Security Token Offering   (Or the end of the era of   ICOs) ICO’s are not something new to the people who know about cryptocurrency and that they would surely...

What Is Margin Trading in Crypto Currency: Learn How to Get Started? Margin Trading The margin trading in cryptocurrency refers to take a loan from exchange or brokers to trade the cryptocurrencies in case of non-availability of the required full amount in the trading account. The loan amount borrowed has to be returned with interest to the lenders. Margin trading is usually opted to increase buying power. Imagine having only $500 of cryptocurrency (bitcoin) in your account and wishing to trade worth $1000 of cryptocurrency (bitcoin) employing margin trading. The only option you have is to borrow $500 more from an exchange or your broker into your account so that you can place an order. While margin trading can magnify your gains, it can also amplify your losses. You need to be aware of this risk associated, before even considering to use margin trading. You can't deny the possibility of losing your entire balance. The Margin trading concept finds its place in both s...

5 Reasons Why You Should Invest in Cryptocurrency The best sector of the investment for an investor depends on his interest, background, knowledge, investment amount, capacity to take risks and many other aspects. Investing in cryptocurrency is a new era of investment and it is creating a new platform in the global financial market. Although investing in cryptocurrency, may or may not be suitable for some, but that entirely depends on the individual. Investing in cryptocurrency could be a better investment sector for many reasons, but here we will discuss only the top 5 reasons among them. Embrace the Innovation Cryptocurrency is a big innovation for the financial market in the past decade. The market of cryptocurrency was able to draw huge attention of investors on a large scale within a short period of time and has already gained billions of market capitalization. So, now it’s your turn to decide whether to,   move on   with the old one or embrace the...

How Can Cryptocurrencies Help Create a Better World? Cryptocurrency is gaining popularity as we speak. However, you may or may not be acquainted with it or even think why it is even a huge deal. It is time to find out how cryptocurrency and cryptocurrency trading will create a better world for us and even better for the next generation. Decrease the Threat of Fraud Fraud is considered one of the largest concerns in terms of anything related to transactions in money. Whether or not it be transferring finances or truly using a credit card on an insecure website, the possibility of fraud is always paramount and is a prime concern for everyone.  This especially holds true for customers who have faced the brunt of the problem in the preceding days. Since it is not related to your bank account and all the transfer of information is electronically done and secured with the blockchain technology recording all the transactions, cryptocurrency is going to play a huge part in mi...