Cryptocurrency Blog

  Rising Scams in the Crypto Space: How To Avoid Them Date: 12-05-2022                                                                                               Blog  By: UnicoinDCX   Introduction Cryptocurrency is very popular for online peer-to-peer payment without the involvement of the central bank. This is a digital encrypted currency that doesn't have any physical appearance. The first cryptocurrency came in 2009, which was Bitcoin. As these transactions are carried out only online, it has chances of fraud also. For 10 years, it has been seen that there are so many scams taking place. Let's see what type of scam has been taken place, and how it can be avoided. Scams in Cryptocurrency 1. Fake Cryptocurrency Platform Many fake ...

 Date: 17th August 2021 UNICOIN DCX PARTNERS WITH ONFIDO FOR INSTANT AND SECURE KYC FOR ITS DIGITAL EXCHANGES In a digitized era where organizations are striving for excellence in providing above-par services to their customers, Unicoin DCX has entrusted itself with becoming an exchange in total compliance with the legal requirements. In this endeavor, Unicoin DCX has penned an agreement with Onfido for its Best-in-Class ID Document Review services. Incorporated in Singapore, Onfido uses AI-based technology assessment to determine whether a government issued-ID is genuine or fraudulent. The procedure moves on with facial recognition. Onfido has many reputed clients including Revolut, bunq and Bitstamp with Unicoin DCX now joining the list. The terms of the agreement provide Onfido with the authorization to check/process the client’s details along with collecting additional information from the client on behalf of Unicoin DCX . Onfido will also process the document to check/facia...

Introduction Cryptocurrency is very lucrative and shining in the world of finance. The world’s popular businessman is also investing in crypto, and some countries are allowing crypto as one of their legal transaction. However, trades are happening worldwide within a concise period. The peer-peer transaction, low-cost fees, no central banks, and highly secured ways are making the cryptocurrency accessible in actual. We can merely Google and know that many small investors became millionaires after trading in cryptocurrencies like Bitcoin, Ethereum, XRP,  Unicoin , Neo, etc. Investors procure and hold their digital assets or ICO at the time of launch or the lowest price.  Later, when the market price of currency increases, they were enlisted amazingly in the millionaires' society. Their cryptocurrencies get multiplied in hundred or multi-hundred times which in turn make them a wealthy individual. The Wild world of cryptocurrency As we know that cryptocurrency is still...

Introduction: Cryptocurrencies are the cryptographically secured kind of digital currencies widely used in trading nowadays. Blockchain Technology is the method used that makes these currencies highly trustworthy and secured mainly because the digital ledger entries once made are irreversible. The market capitalization of Cryptocurrencies has reached 100 billion in just after 6 months since early 2017 from 15 billion dollars. Cryptocurrency is the currency of the future that is what people believe. Therefore for asset growth, people are now inclined towards investing and trading in cryptocurrencies. Cryptocurrency Trading: Cryptocurrency trading is done in 3 ways. Investors are buying and selling cryptocurrency with the help of their fiat currency; however, they can do the transaction through cryptocurrency itself if they have. Crypto to crypto is also available to trade through many exchanges. This kind of trading is available 24/7, which makes the cryptocurrency market more l...

Bitcoin is electronic cash, transferable, decentralized, and the transaction can be done person to person without any intermediary or central banks. Bitcoin is one among the popular cryptos in digital currencies, and it has high monetary value also. Transaction of bitcoin is irreversible, which makes it unique and salable in the financial market. History: Bitcoin is a virtual digital currency, and people assume that Satoshi Nakamoto invented bitcoins. However, there is no evidence for this, but he was a Japanese person who integrated numerous existing ideas from the Cypherpunk community to create the innovative bitcoin in 2008, and this bitcoin network came into existence in 2009. Nakamoto was the key person for producing the majority of the official bitcoin in the network. He used to publish all the information and modification regarding bitcoin on his technical forum of the bitcoin community.  Bitcoin whitepaper, released on 31 October 2008, and subsequently, the world g...

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. 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 know how ICOs created issues in the past couple of years. Lack of rules & regulations r...

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 latest one. Underlying Technology ...

How to Buy and Store Bitcoin in Your Wallet? Bitcoin is one of the most prestigious cryptocurrencies to date, although, there are many Altcoins already exists for trading. Bitcoin can be purchased through reliable  bitcoin exchanges  and from bitcoin holders in the crypto market. There are many people holding bitcoins and offering to sell them. Before buying bitcoin, you must possess a secured wallet to store them safely. The Bitcoin stored in a wallet should have a secure password. We can now see how to buy bitcoin as well as to store it. Buying Bitcoin: Get Bitcoin Wallet You can search for the bitcoin wallet over the internet, and you can install it in offline mode. However, you must put a strong password to secure the wallet. It is merely a software programming which gets installed in your computer, mobile or other digital gadgets. There are several bitcoin wallets available online and offline for use. While selecting your bitcoin wallet, you should keep the s...

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 sho...

Is It Safe to Share Your Bitcoin Address? Before we decide that sharing bitcoin address is compromised or safe, we must understand few important aspects of bitcoin address and its security because this information guides you in deciding whether to share the bitcoin address to anyone or on any website. Bitcoin is the most privileged cryptocoin in the current crypto world. Any bitcoin user can generate bitcoin address without even having an internet connection, and additionally, it is not necessary to register with the bitcoin world network. Thus people can create such address with the help of the software available freely on numerous websites. Technically, a  Bitcoin  address is a 160-bit hash of the public portion of a public/private ECDSA key pair. Using public-key cryptography, you can “sign” data with your secret private key, and anyone who knows your public key can verify your signature legitimacy. A bitcoin address includes 26-35 alphanumeric chara...

Tips for New Bitcoin Investors There are many crypto coins available in the market which has been offered by the different entity with unique schemes for trading purpose. One of them is Bitcoin, which is the most prevalent among all. Bitcoin was the first and the most valued cryptocurrency in the world. Most of the traders prefer to trade in Bitcoin despite the availability of other cryptocurrencies. New traders also wish to come in the crypto world and try to invest by trading Bitcoin as their first cryptocurrency. Such new traders need to have enough knowledge before trading in Bitcoin as it is highly volatile and requires a high level of security as well. There are a few points discussed below as tips for the new Bitcoin investors. Gather related information You need to gain information related to Bitcoin’s trading mechanism as well as volatility. Once you gather the required information, you can have better decision making ideas. Bitcoin is different from the primaev...