Will crypto-based e-commerce dinosaur-style banking destroy the industry?

Banking as we know, since the first currency was minted – perhaps before that, it has existed in one form or another. Currency, especially coins, went out of tax. In the early days of the ancient empires, it might have been appropriate to impose an annual tax on a pig, but as empires expanded, this type of payment became less desirable.

However, since Jovid’s situation, we have moved not only to a “cashless” society (as if trying to manage potential “dirty money” in the store), and transaction levels with a “contactless” credit card have now risen to the pound sterling. 45 and now small transactions, such as daily newspapers or milk bottles, are paid by such a card.

Did you know that more than 5,000 cryptocurrencies are already in use, and of these, Bitcoin has the highest features on this list? Bitcoin, in particular, has a very volatile trading history since it was first established in 2009. This digital cryptocurrency has done a lot in its relatively short life. Bitcoins were initially sold at no cost. The first real price increase occurred in July 2010 when the valuation of a Bitcoin went into the region from about $ 0.0008 to $ 10,000 or more per coin. The currency has seen some major rallies and collapses since then. However, with the introduction of “Fixed” coins – US Dollars or even Gold-backed coins, this cryptocurrency volatility can now be controlled.

But before exploring this new form of crypto-based e-commerce as a way to control and use our assets, including our FIAT currencies, let’s first look at how banks have changed over the past 50 years.

Who remembers the good old Check Book? Before the advent of Bank Debit Cards in 1987, checks were the main way to transfer assets with others in commercial transactions. Then with Bank Debit Cards, along with ATMs, it became faster to acquire FIAT assets and for online trading operations.

The problem that always exists with banks is that most of us need at least 2 personal bank accounts (Current Account and Savings Account) and one for each business we have. Also, trying to “quickly” transfer money from your bank account to say an appointment abroad was something like SWIFT!

Another issue was the cost. Not only did we have to pay a regular service fee for each Bank Account, we also had a large commission to pay for each transaction, and of course we will rarely receive a significant interest on our Current Bank. Account.

On top of all this, Overnight By trading every night using expert financial traders (or later Artificial Intelligence (AI) Trading Systems), OUR entire assets will be traded and traded on a scale economy. Banks became a Big Winner on our assets – but we didn’t! Take a look at potential businesses that can be developed from GECE Trading.

So, in summary, Banks not only charge high fees for the storage and transportation of our assets using smart trading techniques, but also make a lot of money from buying and selling our money during a night that we do not benefit from. .

Another point is that do you entrust all your assets to your Bank?

In a press release in September, what about the recent labeling of the Bank of Scotland, the National Bank of Scotland, which now owes money to Lloyds Banking Group?Lloyds Bank Active Scams – The Most Serious Financial Scandal of Our Time. “

Why not put that website on Google and then create your own opinion?

So, now let’s take a look at how the Crypto-based E-Commerce System should work and how the advantages that Banks gain with OUR money can become a major source of profit for Active Owners – the United States!

At 10 p.m.in In October 2020, a new large crypto-based e-commerce company will be launched – FREEBAY.

In short, Switzerland-based FreeBay is a company that combines its Blockchain technology with its SAFE Crypto Coin (based on V999 technology) and allows its members to convert FIAT assets into gold bullion, eliminating the need to engage any BANK. .

V999: digital gold enhanced by blockchain; digital symbol V999 Gold (V999) supported by physical gold is a digital asset. Each token is supported by one-tenth of a gram of fine gold bullion stored in warehouses. If you own a V999, you have the main physical gold in custody. In addition, FreeBay members can purchase packages containing powerful Automated Intelligence Based Trading Robots.

So now you can not only achieve full independence from the standard BANK, but also trade your digital Gold assets in the form of V999 Crypto tokens on OVERNIGHT systems, such as Banks. only now you, the owner of the asset, receive the rewards, not the Banks.

But there is another big advantage in trading V999 Tokens. How will you be General token holder, so like Banks, each time a V999 token is sold (i.e. sold), for example, Bitcoin or any other Cryptocurrency is charged a Transaction Fee. Each time a transaction occurs, the common owner of the V999 token receives a small percentage of this Commission.

Note that after the trade takes place and the V999 Token is sold, for example, in exchange for Bitcoin or any other crypto coin, a small percentage of the transaction fee is paid to the buyer. TOTAL OWNER of this sign (i.e. YOU). Because Freebay’s goal is to make the V999 Token one of the most sought-after secure cryptocurrencies, even after your Token is sold to another Trader, because you still have Common owner of V999 TokenWhen this Token is sold by any other Trader, this is you – the Common Owner of that Token who pays the Trade Commission.

It just can’t create great Passive income for you, a lifetime, but it is a will for your offspring – and it’s not an ordinary bank involved anywhere.

So, the more V999 Tokens you buy and put into circulation, the bigger and better your Residual Income – not only for a lifetime, but probably for your patrons – can become a reality.

Interested enough to learn more? Then click here.

How to understand Bitcoin?

A Guide to Understanding Bitcoin and Cryptocurrency?

Although Bitcoin is one of the most searched terms (according to Google), it is a very technical topic for many people and can be overly technical for non-geeks. However, there are now hundreds of cryptocurrencies, and more and more people want to learn how bankers work because of their unreliability, which is a completely different discussion.

It’s hard to get a simple person’s explanation without using technical terms like “secret keys”, “digital keys”, “digital wallet” and “cryptocurrency”, so I’ll do my best to keep everything as straightforward as possible. be able.

The concept of fiat money, ie paper currency, is designed to facilitate the exchange of goods or services between people instead of barter, because at best it will be limited to the exchange between two willing parties, while money allows you to provide money. get your service or goods, and then any services or goods that you require from someone else or others.

Therefore, I would argue that Bitcoin is equal to barter in the 21st century, because it works as a direct exchange of goods or services between two willing parties. Barter was based on every promise and trust, to provide and deliver the promised goods or services.

Today, with Bitcoin or any other cryptocurrency, each party will need a unique file or unique key to exchange the agreed value between each other.

Having a unique key or file makes it easy to keep a record of each transaction. However, this also comes with problems.

Now, barter, as I already mentioned, is a simple skill or barter, the modern equivalent or bitcoin is vulnerable to security breaches, i.e. file theft or hacking, where the “cryptocurrency wallet” is included in the equation to ensure security. your operations.

Basically you need a safe place for your cryptocurrency / bitcoin purchases and holdings. This is where the need for a hardware wallet comes from.

So now that you have written / recorded how much bitcoin is stored at which address and then updated every time you make a transaction, the file is known as a Blockchain and it keeps a record of all bitcoin transactions.

The next step is to keep our files unique.

I will talk about this in my next post.

Introduction to Blockchain Technology for Beginners

These days, technology is rapidly expanding to new heights of success. One of the latest victories in this direction is the evolution of Blockchain technology. The new technology has greatly affected the financial sector. In fact, it was originally developed for Bitcoin – a digital currency. But now it is applied in a number of other things.

It was probably easy to get here. But what is still Blockchain?

Distributed database

Imagine a spreadsheet that is repeatedly copied over a computer network. Now imagine that a computer network is so cleverly set up that it regularly updates its spreadsheet on its own. This is a broad overview of Blockchain. Blockchain stores information as a shared database. Moreover, this database is constantly being coordinated.

This approach has its advantages. It does not allow the database to be stored anywhere. The notes there have real public attributes and can be easily checked. Because there is no centralized version of records, unauthorized users have no means to manipulate and corrupt the data. Blockchain distributed databases are hosted by millions of computers at the same time, which makes the data easily accessible to almost anyone on the virtual Internet.

It’s a good idea to discuss the analogy of Google Docs to make the concept or technology clearer.

Google Document Analogy for Blockchain

The traditional way to share documents after the creation of e-mail is to send a Microsoft Word document to the recipient or in addition to the recipient. Buyers will spend a lot of time going through it before sending a reworked copy back. In this approach, you must wait until you receive a returned copy to see the changes made to the document. This is because the sender is not allowed to make corrections until the recipient has completed the editing and returned the document. Modern databases do not allow two owners to enter the same account at the same time. Banks even keep the balances of their customers or account holders.

Contrary to established practice, Google documents allow both parties to access the same document at the same time. In addition, it allows you to view both versions of the document at the same time. Like a shared book, Google Documents acts as a shared document. The distributed part is only relevant when the sharing involves more than one user. Blockchain technology is, in a sense, a continuation of this concept. However, it should be noted that Blockchain is not intended for sharing documents. On the contrary, it is a metaphor that will help you get a clear picture of this advanced technology.

Prominent Blockchain features

Blockchain stores identical data blocks within a network. According to this feature:

  • The information or data cannot be managed by any particular institution.
  • There can be no single point of failure.
  • The information is stored on a social network, which ensures absolute transparency in the overall procedure.
  • The information stored there cannot be damaged.

Demand for blockchain developers

As mentioned earlier, Blockchain technology has a very high application in the world of finance and banking. According to the World Bank, in 2015 alone, more than $ 430 billion in remittances were sent through it. Thus, Blockchain developers are in great demand in the market.

Blockchain eliminates the profit of intermediaries in such money transactions. It was a GUI (Graphical User Interface) invention that made it easier for ordinary people to access computers in the form of desktop computers. Similarly, the wallet application is the most common GUI for Blockchain technology. Users use their wallets to buy the items they want using Bitcoin or any other cryptocurrency.

Guide to Successful Trading in Major Cryptocurrencies

Cryptocurrency trading has taken the world by storm, and it has become the norm for most traders and investors. If you are willing enough to do research before you start trading, you have a chance to make real growth and profit in the end. The worst thing you can do when it comes to this type of trade is to go into it blindly because it is what everyone else is doing. A little research on major currencies and an in-depth introduction to the basics of buying and trading can make a big difference. Here are some tips to help you succeed in your business.

Take the time to understand how the blockchain works

Blockchain technology has redefined operations and changed everything. A blockchain can be defined as a list of records that are protected by cryptography and converted into related blocks. Blockchains are resistant to data exchange and serve as a public transaction book between the parties. The transparent and decentralized nature of the block chain makes it highly secure, and in the world of breaking it is truly functional and reliable. It solves the problems of manipulation that are becoming clear in the world today. While no one can claim to understand everything that is a blockchain, learning a few basics will give you an easier time with your trading.

Know and learn the best currencies

Due to the popularity of currencies, the virtual currency space is becoming more dense. The fact is that today there are more than 100 cryptocurrencies, which means that you need to know which is the best and most popular, so you can choose the right trade, taking into account the profitability. Bitcoin accounts for half of the entire market with the highest volume, but Litecoin and Ethereum are also in the first place and are overtaking Bitcoin. Learn as much as you can about the currency you are interested in. The more you know, the better you will be at making decisions; In fact you can trade with more than one cryptocurrency without any problems.

Consider native risks

Bitcoin and other currencies are very volatile compared to stock exchanges and gold. Remember that this is still a technology in its early days and faces many challenges. The probabilities of profit are very high, but the risks are the same. Public opinion on a currency can actually affect its prices. Anything that goes up will definitely go down, so be careful with the trades you make. The higher the risks, the higher the rewards, but also ready for losses. Regardless of the cryptocurrency you choose, the best thing you can do is track events that can affect prices and move fast.

Once you know everything that is important in cryptocurrency trading, you can proceed and open a brokerage account and finance it, and then start buying and selling currency. The rewards are many for enthusiastic traders.

How to find cryptocurrency forecasts?

If you are investing in cryptocurrency, you know that it is very important to take into account market conditions. As an investor, you need to be aware of what is happening in different currencies and what other traders are saying about the future.

Therefore, if you want to make smart investment decisions, it is better to take into account the forecasts related to cryptocurrency. Fortunately, there are many resources on the Internet that allow you to do research and make predictions. This can help you stay ahead of others in the market. Make sure you stay away from scammers and other schemes that claim to enrich you overnight. Here are some reliable forecasts that can help you succeed as an investor.


If you are looking for a reliable source of forecasts, look at TradingView. This platform offers excellent graphics tools that anyone can use. It doesn’t matter if you are a beginner or an advanced user. This platform allows you to know how different types of cryptocurrencies behave over time. So you can guess their behavior on the road.

One of the main reasons why this platform provides reliable forecasts is that it has a large community of experienced investors who are always ready to share their knowledge. In fact, more than 3.3 million active investors are part of this platform.


If you want to get valuable information about the future of cryptocurrency from different, trusted authorities, Finder is your ideal source. In fact, Finder regularly consults with financial and cryptocurrency experts and publishes their forecasts for other investors.

The platform also works with panelists from a variety of industries, including news, finance and technology. Based on discussions with these professionals, Finder can make accurate predictions.

Bitcoin Wolf

Bitcoin Wolf is another great platform that can give accurate predictions about cryptocurrencies. By joining the chat room of this platform, you can chat around the clock with other experienced investors. In addition, real-time alerts, peer consultation centers, technical analysis, etc. You can take advantage of other great features offered by the platform such as

This is the best platform where you can talk about the future of these currencies. Best of all, the experts will give you a deeper insight into the world and help you make informed decisions.

When it comes to investing in cryptocurrency, make sure you do your homework first. It’s a good idea to consider forecasts so you can make the right decisions along the way. You need to pay attention to what other experienced investors think about the future. In addition, you may want to learn the opinions of industry experts.

Recent Thoughts

So, if you check the above sources, you will be able to get an idea of ​​the minds of other investors in the industry. This will allow you to make better decisions that will make your business more profitable. It is better to check the forecasts regularly.

The best books on cryptocurrency

Sovereign Individual ~ by James Dale Davidson and William Rees Morg

Sovereign Person is one of those books that changes your worldview forever. It was published in 1997, but you will be amazed at how much it expects the impact of blockchain technology. With the transition from industry to the information age, we are entering the fourth stage of human society. You need to read this book to understand how things will change.

As it becomes easier to live comfortably and earn money anywhere, we already know that in the new information age, those who really develop will be employees who are not tied to a single job or career and do not depend on space. The desire to choose where to live based on price savings is already more appealing, but it goes beyond digital mobility and free concerts; the foundations of democracy, government and money are changing.

The authors predicted the collapse of Black Tuesday and the Soviet Union, where the growing power of individuals would coincide with decentralized technology escaping the power of governments. The number of deaths will be private, digital money for the nation-states they predict with an extraordinary assumption. When this happens, the dynamics of governments will change, like stationary bandits robbing hard-working citizens of taxes. If you are someone who can solve people’s problems anywhere in the world, then you are about to enter a new cognitive elite. Don’t miss it.

Option Quote: “As technology becomes mobile and cyberspace operations become more and more popular, governments will no longer be able to charge people more for their services.”

Sapiens: A Brief History of Mankind ~ Yuval Noah Harari

When I want to impress someone with how beautiful this book is, I ask, “Do you want to know the main difference between humans and monkeys? A monkey can jump up and down on a rock, wave with a stick, and shout at his friends. He sees a danger in front of them.” Danger! Danger! A lion! “A monkey can also lie. He can jump up and down on a rock, and when there is no lion, he can swing with a stick and shout about a lion. He is just stupid. But what a monkey can’t do, get up and down. and swing a stick around and shout, “Danger! Danger! Dragon!”

Why is this? Because dragons are not real. As Harari explains, the human imagination, our ability to believe and talk about things we have never seen or touched, has enhanced our ability to collaborate with strangers. There are no gods, no nations, no money, no human rights, no laws, no religions, and no justice beyond human imagination. We are the ones who do them.

All this is a great preamble to our current situation. After the Cognitive Revolution and the Agricultural Revolution, Harari directs you to the Scientific Revolution, which began only 500 years ago and can begin something completely different for humanity. But the money will remain. Read this book, money is the greatest story ever told, and trust is the raw material from which all kinds of money are minted.

Choice Quote: “Sapiens, on the other hand, live in a triple reality. In the world of Sapiens, in addition to trees, rivers, fears and desires, there are also stories about money, gods, nations and corporations.”

Money Internet ~ by Andreas M. Antonopoulos

If the two books mentioned above help to understand the historical context in which Bitcoin first appeared, this book expands the topic of “why” with infectious enthusiasm. Andreas Antonopolous is perhaps the most respected voice in the crypto space. He has been traveling the world as a Bitcoin evangelist since 2010, and this book is a summary of his conversations between 2013 and 2016, all of which are being prepared for publication.

His first book, Mastering Bitcoin, provides an in-depth technical look at technology, mostly aimed at developers, engineers, software and system architects. However, this book uses some choice metaphors to explain why you can’t ban or turn off Bitcoin, how important scale discussions are, and why you need the help of designers to mass-produce Bitcoin.

He writes: “When you drive your new car for the first time in a city, you are on roads used by horses with infrastructure designed for horses. No traffic lights. No traffic rules. No asphalt. Roads. What happened? Balance of cars and four legs But go fast for a hundred years, and once ridiculed cars are the norm. If you want to swim in the philosophical, social, and historical consequences of Bitcoin, this is your starting point.

Option Quote: “Bitcoin is not just money for the internet. Yes, it is the perfect money for the internet. It is instant, safe, free. Yes, it is money for the internet, but more than anything. Bitcoin is the internet. It is a currency. Currency is only the first application. If you do, you can look beyond price, you can look beyond volatility, you can look beyond fashion. Bitcoin in itself is a revolutionary technology that will change the world. Forever. Join. “

5 tips and tricks you need to know to become a successful cryptocurrency trader

If you are investing in a cryptocurrency for the first time, we suggest that you get at least a basic understanding of the industry. In this article, we will give you 5 tips and tricks to help you become a better investor. Given these tips, it will be easier for you to succeed as a beginner.

1. Search for Reputable News Sources

You will find different opinions about the world of cryptocurrency. Some people think that cryptocurrency is nothing but a fad, while others think it’s a big investment, especially if you want to invest your money in the long run.

If you are confident that you can benefit from Crypto, you should be aware of reliable sources and not listen to unbelievers. To succeed as an investor, you need to consider some facts and then continue to invest your money wisely.

2. Be prepared for change

Unlike ordinary currencies, cryptocurrency is not so stable. A few months ago, one of the most popular cryptocurrencies, Bitcoin, was valued at around $ 40,000. But now it’s down to $ 30,000 again. So all you have to do is make your decision wisely. If you are greedy, you can inflict great losses.

Even if you ask expert crypto traders, they will tell you that they have no skill in this art. So you need to be careful when investing in cryptocurrencies, because cryptocurrencies are very volatile.

3. Consider other Altcoins

When it comes to cryptocurrency, you are not limited to Bitcoins. Therefore, it is not a good idea to put all your eggs in one basket. In other words, you have to invest your money in other types of cryptocurrencies.

So all you need to do is do your homework and find out which one works best. In other words, you have to choose the first 5 cryptocurrencies and invest your money in them.

4. Learn about Hot and Cold Wallets

Although cryptocurrencies are digital currencies, you can still store them in your hot wallets online. But if you are a beginner, you can resort to offline wallets, because they are very useful and versatile.

On the other hand, it is true that cold purses offer protection from hackers. So, if you want to diversify your assets, we offer you to get acquainted with both hot and cold purses.

5. Be vigilant

Although cryptocurrencies have higher security standards than conventional currencies, we recommend taking precautionary measures. So you need to be careful when it comes to investing large amounts of money in this type of digital currency.

You need to find different ways to manage your transactions and see how you can effectively manage your cryptocurrency responsibly.

The result

In short, if you want to be successful as a cryptocurrency trader or investor, you may want to follow these 5 tips and tricks.

5 Advantages of Cryptocurrency: Everything You Need to Know

If you are looking for a good alternative to cash and credit cards, you can try cryptocurrency. Today, this currency is very popular all over the world. Many companies now accept payments through cryptocurrency as a regular currency. Bitcoin is one of the most popular cryptocurrencies, so many people invest in Bitcoin. Equipped with blockchain, you can perform transactions without any security risk. In this article, we will discuss some of the most notable advantages of cryptocurrency.

Easy operations

If you often deal with legal representatives and brokers, you know that they charge a heavy transaction fee for each transaction. In addition, you have to pay for a lot of paperwork, commissions and brokerage services.

On the other hand, if you use cryptocurrency, you can eliminate all intermediaries. You will use a secure network to perform all your operations. Each transaction is transparent and does not require high transaction fees.

Active transfers

It is easy to transfer ownership of a cryptocurrency from one person to another. Blockchain is behind all ecosystems. Thus, you can carry out all your operations in a safe and secure environment.

The good thing about cryptocurrency is that it allows you to add third-party approval for future payments. If you have this currency, you can easily make active transfers without any problems.

Confidential operations

In the case of cash or credit, each transaction is recorded. And these notes are kept in the bank where your account is. Your bank keeps a record of any transactions you make. Even if you are a business owner, your bank knows how much money you have in your account. This is not good in terms of privacy.

The beauty of cryptocurrencies is that each transaction is unique. Each deal contains the terms of the negotiations. There is a concept of impulse that forms the basis of information exchange. Nothing will be disclosed to the buyer except what you allow. This way, you will have complete confidentiality and privacy protection.

Low transaction fee

If you check your bank statement, you will be surprised to see that the bank charges you for each transaction you have made so far. If you make a lot of transactions every day, the total amount of bank commissions will be quite high.

On the other hand, in the case of cryptocurrency, transaction fees are very low. However, if you hire third-party services to store your crypto wallet, you may have to pay for that service. However, these commissions are much lower than those charged by ordinary banks.


You can easily use the Internet to transfer cryptocurrency. In fact, anyone with internet access can use this service. All you have to do is have a basic understanding of the cryptocurrency network. In short, these are just a few of the main advantages of using cryptocurrency.

How to Trade Cryptocurrencies – Basics of Investing in Digital Currencies

People from all walks of life are investing in digital currencies, whether it’s the cryptocurrencies themselves or the idea of ​​diversifying their portfolios. If you are familiar with this concept and are interested in what is happening, here are some basic concepts and considerations for investing in cryptocurrencies.

What cryptocurrencies are available and how can I get them?

With a market value of about $ 278 billion, Bitcoin is the most established cryptocurrency. Ethereum is second with a market value of more than $ 74 billion. In addition to these two currencies, there are a number of other options, including Ripple ($ 28 billion), Litecoin ($ 17 billion) and MIOTA ($ 13 billion).

As the first to enter the market, there are many exchanges for Bitcoin trading all over the world. BitStamp and Coinbase are two well-known exchanges in the United States. Bitcoin.de is a European stock exchange. If you are interested in trading other digital currencies along with Bitcoin, then the crypto market is a place where you can find all digital currencies in one place. Here is a list of exchanges by 24-hour trading volume.

What options do I have to save my money?

Another important point is the storage of coins. One option, of course, is to keep them on the stock exchange where you bought them. However, you need to be careful when choosing an exchange. The popularity of digital currencies has resulted in the emergence of many new, unknown exchanges everywhere. Take the time to do the necessary research to avoid scammers.

Another option for cryptocurrencies is to be able to keep them yourself. One of the safest options to save your investment is hardware wallets. It also allows companies like Ledger to store Bitcoins and a number of other digital currencies.

How is the market and how can I learn more about it?

The cryptocurrency market is changing a lot. The changing nature of the market makes it more suitable for long-term play.

There are many established news sites that provide information on digital currencies, including Coindesk, Business Insider, Coin Telegraph and Cryptocoin News. In addition to these sites, there are many Twitter accounts that tweet about digital currencies, including @BitcoinRTs and @AltCoinCalendar.

Digital currencies aim to disrupt the traditional currency and commodity markets. While these currencies are still a long way off, the success of Bitcoins and Ethereum has proven to be a real interest in the concept. Understanding the basics of cryptocurrency investing will help you move in the right direction.

4 common mistakes you should avoid when trading cryptocurrency

Today you can invest in cryptocurrency quickly and easily. You have the freedom to invest with online brokers, but you can’t say for sure if it’s a perfect initiative. If you are thinking of entering this field, there are many risks and pitfalls you will face. However, you don’t have to have a master’s degree in computer science or finance to get started. This means that you need to make an informed decision. In this article, we will talk about some common mistakes made by most cryptocurrency investors. Read on for more information.

1: You get the wrong coins

If you decide to buy Bitcoin, you have to be careful. There are different types of Bitcoin like Bitcoin private, Bitcoin SV, Bitcoin Gold and Bitcoin cash. In other words, there are many goals you need to pay attention to.

While these are not bad or scams, make sure you know what you are getting. Even if you buy the wrong coin, you can still sell it back and look for the right money.

2: You’re not for the Wild Ride

If you want to enter the world of cryptocurrency, you have to have steel nerves to face volatility. According to Theresa Morrison, a certified financial planner in Arizona, unlike the traditional financial world, cryptocurrency is extremely volatile.

According to him, as a new investor, you should initially invest a small amount, for example, $ 100 a month, and then forget about it. If you pay attention to the market on a daily basis, it will drive you crazy.

In addition, you may want to stay connected to 2-3 cryptocurrencies that you are familiar with as a beginner. Ideally, you should first consider established coins such as Bitcoin and Ethereum.

3: You do not double-check the address

Many cryptocurrency traders lose money because they do not double-check their address. Unlike a regular bank transfer, you simply cannot reverse the transaction. So you have to be really careful when doing this type of transaction using cryptocurrency. If you are not careful enough, you can lose thousands of dollars in a few seconds.

4: You lost access to your wallet

Although there are a limited number of 21 million bitcoins, the full number of bitcoins is not created. The reason is that many coin owners have lost access to their wallets due to forgotten passwords.

According to Chainanalysis, 1 in 5 bitcoins issued so far is unavailable due to lost passwords. So make sure you keep your password in a safe place before you start reading.

In short, if you want to succeed in the world of cryptocurrency trading, we suggest you avoid these four most common mistakes. We hope these tips will help you stay on the safe side and succeed as a trader or investor.