Beginners Guide To Crypto Trading | Crypto Currency Tips

Crypto Currency Game

Ultimate Guide: Master your Crypto Currency Game

Crypto Currency Game: Cryptocurrency is a trending buzzword because many people are investing their assets for a stable future. Are you in a queue line for investing cryptocurrency but don’t have enough information on “how the crypto trading works”? Do you know what cryptocurrency is in real? Ever heard of the terms Bitcoin, Litecoin, or Ethereum? Don’t get embarrassed; in this guide, we will help to cover all the aspects of cryptocurrency. Let’s Unpack The Information About Cryptocurrency: Key takeaways What is cryptocurrency How to choose a cryptocurrency Pros and cons of the cryptocurrency Is cryptocurrency a good investment? What Is Cryptocurrency? In simple words, cryptocurrency is an electronic asset that circulates the monetary without the need for a central authority such as a government or bank. They are the market’s future because cryptocurrency enables people to buy, sell or trade their security for the finest future. How Does Cryptocurrency Work In The Market? Cryptocurrency is regulated by a technology known as Blockchain, which maintains a flow of transactions and keeps track of who owns what. The Blockchain was invented because earlier, people were making copings of their holdings and spending it twice. The miners play an important role because they help people to create pure digital currencies. Some are intended to be part of units of exchange for goods and services, others are stores of value, and some participate in specific programs such as financial products and games. How Is A Cryptocurrency Created? Cryptocurrency is created through a process of mining, which is used by Bitcoin. Mining is energy intensive process in which computers solve complex puzzle transactions on the network. Many people buy cryptocurrency either from an exchange or from the other user. How to choose a Cryptocurrency? It is essential to remember that bitcoin (BTC) different from cryptocurrency in real. The BTC is the first and most valuable cryptocurrency in the market. Nearly 20000 cryptocurrencies are publicly trading, according to a market research website. The sum value of all cryptocurrencies on June 13, 2022, was about $970 million, an all-time high value from the last 2021. Bitcoin Ethereum Cardano Solana Dogecoin Stablecoins If you plan on getting into a cryptocurrency, you can reach out to Coin Informer. They will guide you to some widely circulated cryptocurrencies, including Bitcoin and some altcoins. Pros and Cons of The Cryptocurrency Pros Cryptocurrency removes the involvement of banks and the government. The centralized system tends to reduce the value of money via inflation. Some people see cryptocurrency as a promising foothold because crypto trading provides a long-term return on investment. Earn the passive income through a process called staking. It allows you to grow your crypto holdings without buying more. Cons Prices tend to change rapidly, and many people have to make money quickly by buying at the right time. Governments around the world have not fully reckoned with how to handle cryptocurrency, so regulatory changes can affect the market. A wild shift in value may also cut the basic ideas behind the projects that cryptocurrencies were created to support. Is cryptocurrency a valuable investment? Investing in cryptocurrency is the right option if you want to shore up your retirement savings and pay off debt. Cryptocurrency is a lesser risky investment, but you can manage the risk such as by diversifying the range of cryptocurrencies you buy. So, investing in a different product can insulate yourself from losing one of your holdings. An essential thing when investing in anything is to do your homework. When you buy a stock, it is integrated with a company which can give you a sense of prospects. If you are looking to invest in a cryptocurrency, choose the Coin Informer.

Crypto Cycle

Do You Know How Crypto Cycle Works in The Market?

If you need accurate information about the crypto coin, then you are at the right place. Get the crypto coin update with the best website, Coin Informer. Today we will provide detailed information about the crypto market cycle, which typically consists of four different phases of price trends caused by several external factors. What Does The Crypto Market Cycle Look Like? The Crypto market starts with little to no interest in the Market. However, as more interest develops, asset prices rise to keep up with increasing demand. Sometimes, prices reach a peak and eventually start decreasing. Therefore, before choosing cryptocurrency, it is essential to understand each stage that will help you participate in the Market in an informed way. 1. The Accumulation Phase It is the very first phase of every market cycle. In this phase, the investors invest the funds in the cryptocurrency for a certain period and extract them when the accumulation matures. Many people contribute to the superannuation account to get the best value of deposits in the future. Features Low trade volume Less price volatility Market sentiment depends on the supply of the crypto coin 2. The Markup Phase During the markup phase, the crypto coin price breaks out of range and begins a sustained uptrend. An uptrend means a series of higher pivot highs and lows. In simple words, it means when the price starting begins moving up. That is why the phase is called the big bull phase. The demand for an asset began when the coin started making value in the Market. Features Excitement and optimism Increase in the trade volume Favorable economic conditions An up-trending pivot chart 3. The Distribution Phase At this phase, some buyers become sellers. It means they lock their crypto coin in profit. This creates tension between bulls and bears; the Market will see a high trading volume, and asset prices will fluctuate within a limited range. In the distribution phase, you will examine the relationship between the stock closing price and volume flow. Many marketers believe that the phrase is a very emotional time for the markets because you will get the maximum returns. Features Elevated trading volume Low price volatility Don’t be greedy; hold the price when you think it is the right time. 4. Markdown Phase The markdown phase is also called the bear market. For marketers, it is the scariest phase, and the supply exceeds the demand in the distribution phase. It is the last stage of the cryptocurrency market cycle. In some situations, the cascading effect can send the prices of an asset to levels. Therefore, the power of patience is required when you are planning to invest in cryptocurrency. Features Unfavorable economic conditions Elevation trading volume Down trending price chart In the Market you might seem anxiety and panic conditions In this period, every dream can give you trouble when you pull out an asset out of a downtrend. These are the information about the crypto cycle market so that you know how to invest the crypto coin in the Market. Conclusion Market cycles are easy to understand; all you need to read the above scenario carefully. With enough practice, you will be able to identify the potential signs of each individual in each stage. Investing in a cryptocurrency might involve less risk; all you have to do is use the mind with the latest crypto news. Reach out to Coin Informer; the website offers you the best cryptocurrency news and latest information such as what is happening in the Market, supply and demand about the cryptocurrency, tips, guides, and many more.

Best Way To Invest In Cryptocurrency

Must Read Guide about the Cryptocurrency You Should Know

Do you know that there are many cryptocurrencies in existence? But Bitcoin has been in the news quite a bit recently. There are over 8,000 cryptocurrencies in the market, and it isn’t easy to decide the ones to invest in. This guide will explain all the vital information about cryptocurrency for beginners. #1 Why Should You Invest In Cryptocurrencies? Some big-name players like Apple, Tesla, Google, and Facebook have made long-term strategic plans for cryptocurrencies. People are investing in cryptocurrencies because the experience is long-term and stable. Also, there is no indulgence from government agencies, and cryptocurrencies are continuing to expand. Key points Cryptocurrencies are a transformative technology that has the ability to revolutionize a number of industries Cryptocurrencies are a digital investment that provides a safe store value to the people There are several complex security protocols that should be followed carefully before buying cryptocurrency. #2 Benefits of Doing Crypto Trading Crypto trading<span”> is a rich scheme game that simply illustrates extraordinary opportunities for people. It is a digital asset for many reasons because it can be used as a direct payment method. They are easier to store, transfer and trade. Here are a few additional points to keep in mind while doing crypto trading: Low minimum investment Cryptocurrency is divisible, which means you can invest in a small fraction. The trade is virtual for everyone giving them the opportunity to rise their investment value. Liquidity Crypto trading is open 24 hours a day which means you can buy, trade, and sell the necessary assets at any time. Transparency The majority of crypto transactions are recorded with the help of blockchain technology. It ensures reliability, transparency, and records that are traceable with information that cannot be changed. Diversifying of assets Traders can lower the mitigate risks through the vast selection of different cryptocurrencies. Use digital technology and, with no little doubt, invest in a cryptocurrency for a good profit. Decentralized A decentralized system will keep the currency monopoly free from the government. In addition, the organization will make the value of the coin stable and secure, unlike fiat currencies which are managed by government bodies. Fees If you compared cryptocurrency with stock trading or other legacy asset classes, cryptocurrency would provide lower fees. Fast way to transfer funds The transactions of cryptocurrencies are lightning fast, whether international or domestic dealings. This is because verification required little time to process as they are very few hurdles. #3 Best Cryptocurrency to Invest In This Year It is a beautiful saying that bulls, bears, and even the odd wolf are in sheep’s clothing. It is best to choose cryptocurrency and get the best value for money. The crypto exchanges or brokerage minimize the risks, limit losses and grow profits. Here’s a better rundown of some of the top cryptocurrencies to invest in. Cardano (ADA) Algorand (ALGO) Hedera (HBAR) Fantom (FTM) Polkadot (DOT) Bitcoin (BTC) Near Protocol (NEAR) Cosmos (ATOM) Helium (HNT) Ethereum (ETH) By now you must have attained the valuable insight of choosing the worthy cryptocurrency. The quintessentially decentralized nature of crypto trading allows you to own and store your assets without any personal assets. Conclusion Over the recent year, many people bought NFT as either investment or simply because they are fun or bring them joy. If you invest in cryptocurrency, you will get huge spikes in the long term. Always keep your investment small because it is the best financial saving for retirement and paying off high-interest debt.

crypto trading

Everything You Need to Know About Cryptocurrency – Beginner’s Guide

Crypto Currency: Cryptocurrency spreads over a huge space in the financial column of every newspaper. Over the past few years, various coins in the cryptocurrency have gained much popularity, especially Bitcoin and Dogecoin. But there are many other coins as well that could be a great investment for your future and are discussed later on. So, whether you want to invest in cryptocurrency for the diversification of your portfolio or for any other reason, you need to know about cryptocurrency in detail to make informed decisions. What is Cryptocurrency? In simple language, cryptocurrency is a decentralized digital or virtual currency secured by cryptography and based on blockchain technology. Just like normal currency, coins in cryptocurrency are intended to act as a medium of exchange. The first cryptocurrency was invented in 2009, known as Bitcoin, and is still the renowned currency in the crypto market. What Are The Various Coins In Cryptocurrency? As per July 2022 data, there are 20,268 cryptocurrencies in existence, and their growth rate is astonishing. Following are the numerous well-known coins in cryptocurrency- Bitcoin (BTC) – Bitcoin is the most common cryptocurrency allegedly debuted by Satoshi Nakamoto. Since its inception, the journey of this currency was much like a roller coaster ride. Ethereum (ETH) – The second most common name in the crypto space that you’re most likely to come across is Ethereum. The smart contract aspect of Ethereum has helped it make it one of the most popular cryptocurrencies. Cardano (ADA) – The co-founder of Ethereum created Cardano. This cryptocurrency uses smart contracts, enabling identity management. Binance Coin (BNB) – This cryptocurrency was created as a token to pay for discounted trades. But now it can be used for payments and purchasing various goods and services. Dogecoin (DOGE) – Dogecoin was created as a joke after the run-up in Bitcoin. It takes its name from an internet meme featuring the Shiba Inu dog. Dogecoin can be used for payments or sending money. Also, it has unlimited issuance, and its value rose greatly after Elon Musk’s tweet. What Are The Benefits of Investing In Cryptocurrency? There are lots of benefits of investing in various coins in cryptocurrency. Below are the top four benefits to consider. Transaction Speed – While most transaction takes three to five days to settle, the cryptocurrency transaction could be completed within a few minutes. The trade gets executed in a minimal amount of time, and the funds are available to use once settled. Transaction Cost – Compared to other financial services, the transaction cost is relatively low in cryptocurrency. For sending money internationally, cryptocurrency transactions would save you from huge expenses. Accessibility – Anyone can quickly set up a cryptocurrency wallet using a computer or smartphone and an internet connection. There’s no ID verification and background check. It is the best option for people who don’t want to go through a centralized authority to make online transactions. Security – Your crypto wallet is secured by a private key to which you only gain access. No one else can sign a transaction or access your fund until you provide them with the private key. In addition, the blockchain system also contributes to facilitating secured transactions. Cryptocurrency is an amazing marketplace that provides investors with various opportunities to grow their wealth tremendously. To make the best investment decisions, you must be aware of important coins in Cryptocurrency along with every update about them. Remain in touch with the platforms that provide you latest news about cryptocurrency so that you can tap the amazing opportunities at the earliest and carry out your journey in the crypto space without much inconvenience.

Best Coins

Top Five Best Coins to Invest in 2022 for Business

Are you looking for the best website that will provide you with the best information on cryptocurrency? Then, reach out to the Coin Informer and get the latest updates on which cryptocurrency coin to invest in 2022. This guide will give you deep knowledge before choosing crypto for business. What is Cryptocurrency? It is a form of currency that virtually helps in storing digital transactions. In simple words, the use of encryption technologies means that cryptocurrency works both as currency and as a virtual counting system. Best Coins to Invest In 2022 Over time, cryptocurrency has proven to be a great investment despite the many ups and downs in the market. You might be confused about which coin you must invest in the market so that the price is not undervalued. It’s Time to Scoop Them Up! Bitcoin Ethereum Earthling Chainlink Polygon Bitcoin Bitcoin is the first known cryptocurrency that exists today among more than 19000 cryptocurrencies. It is a digital currency where you can buy, sell and exchange bitcoin directly without an intermediary like a bank. Entries are strung together in chronological order, which creates a digital chain of blocks. Also, blockchain is decentralized, which means it is not controlled by one organization. Bitcoin holders follow the unique code patterns so that they can buy the coin when the price is inflated in the market. Ethereum As time is evolving Ethereum has been consistently building and adding value to the market. It is considered the world’s second-largest cryptocurrency by market cap. As a smart contract blockchain, it has numerous projects, including DEX’s, insurance protocols, games, and metaverses. Undoubtedly, many people think that Ethereum is the best cryptocurrency in the market today because it launches all kinds of decentralized applications, ranging from Defi to games and even NFTs. Earthling It is a top cryptocurrency with a social mission. Also called the decentralized financial payment network that rebuilds the payment stack on the blockchain. Moreover, a token helps in building awareness about climate change and initiates an action in the blockchain space. The purpose is to evolve the natural carbon cycle and restore nature through decentralized activities around the globe. Also, the earthling helps families, businesses, and individuals reduce the impact of carbon usage on the environment through offset tokens. Chainlink Chainlink is ranked first on the list of best cryptocurrencies to buy this year. The evergreen project offers a network of decentralized oracles of data to the blockchain application. You need to connect accurate data about the weather and harvest to offer timely insurance to users. Blockchain technology encourages traditional users to get their hands on blockchain. Polygon Polygon provided a helping hand with a decentralized Ethereum scaling platform. When the Ethereum transactions got delayed, polygon successfully enabled developers to build a scalable, user-friendly app. As the crypto industry gets back on its feet, the industry will surge in the price of the token. If you are thinking of investing in 2022, the polygon is the best option to consider. It provides many opportunities for crypto investors to earn profits. Conclusion If you are thinking of investing in 2022, read up on the above five coins’ importance in the market industry. Make your investment more profitable this year with the best coin in cryptocurrencies. The rising inflation and deflation interest rates in the market have opened our eyes to the massive potential of cryptocurrencies. Choose the Coin Informer platform for the best information about cryptocurrencies.

bitcoin atm

Cryptocurrency and Credit Cards: How Does Their Intersection Look Like?

First introduced in 2009, cryptocurrency, especially bitcoin, has gained recognition in the past few years. Rising Bitcoin prices and the introduction of new crypto coins have increased the chances of cryptocurrency going mainstream. What indicates that cryptocurrency will soon go mainstream? It is the current intersection with credit cards. Yes, that’s right! Credit cards and cryptocurrency are interacting with each other in the market in different ways. And this will make cryptocurrency more accessible to the common man with high chance to use crypto coins to buy things and commodities. Let’s see a brief overview of how credit cards and bitcoin intersect. Establishment of Bitcoin ATMs The establishment of bitcoin ATMs is the beginning of using a credit card to utilize bitcoin in the mainstream market. There are already more than 30,000 bitcoin ATMs around the world. However, unlike your regular ATMs, bitcoin ATMs are used to buy bitcoin. These ATMs don’t dispense cash. Also, there is a limitation to how much bitcoin cryptocurrency you can buy using these ATMs. These ATMs also charge you a fee and hence don’t offer the right prices. Use Credit Card to Buy Bitcoin You can buy bitcoin using different ways. And using a credit card to buy bitcoin is certainly the easiest and one of the best ways. However, you can’t buy all types of cryptocurrencies using a credit card and not all crypto exchanges support credit cards. And what’s more! Well, another hiccup with using a credit card is that most crypto exchanges will charge you a heavy fee when you use a credit card. This makes it more expensive. Moreover, credit cards will consider crypto equivalent to cash currency. Hence when you buy crypto using a credit card, you will incur charges just as you use it for buying things using cash. Do Credit Cards and Bitcoin Intersect For The Benefit? Until now, it might seem that credit cards and bitcoin might not go together. However, there is a possibility of a successful intersection with the introduction of credit cards that offer bitcoin rewards. The latest addition to this development is the introduction of BlockFi’s credit card that offers bitcoin rewards. Moreover, the BlockFi exclusive Visa Bitcoin Rewards Credit Card is now open to the public to use. With BlockFi’s credit card you can get 1.5% bitcoin rewards. However, with this, the user is also prone to the volatility of the cryptocurrency market. Despite that, there are high chances of more such bitcoin rewards credit cards being released for the users. Bottom Line Cryptocurrency and credit cards have a long road to go before it becomes economic for the public to use a credit card to buy cryptocurrency. One more step forward would be to use cryptocurrency to buy commodities using a credit card. How does this intersection benefits the users remains to be seen! Currently, if you want to keep reading about cryptocurrency and further developments in this market, keep reading Coin Informer!

bear market

Bullish and Bearish Market: Best Ways to Invest!

Bullish and Bearish Market: Have you recently started investing in the crypto market? If so, as a beginner there are a lot of things for you to learn and understand to trade effectively in cryptocurrency. One of the terms that you might have come across while studying the crypto market is “bear market” and “bull market”. The terms are crucial for you to understand so that you can make the right trading decision. Also, knowing about the “bull” or “bear” market position allows you to determine the market sentiment. This will prevent you from falling for FOMO and making the right trading decision. So, after all, what does it mean by “bull market” and “bear market”? How do you invest efficiently in both these market conditions? Let’s see what our experts have to say. Bull Market: A Brief Overview In bull market conditions, there is an increase in the prices of assets. This prompts investors to make investments and hold on to their assets. Bull markets can last for a few months to a few years. During a bull market, more investors are motivated to invest in the market. This creates a market for potential buyers. Moreover, a bull market indicates that the economy of a country or the world is thriving. There will be lesser unemployment and more opportunities. The overall market sentiment in a bull market is happy and confident. Bear Market: A Brief Overview In bear market conditions, there is a decrease in the prices of assets. The investors don’t have enough confidence in the market as the prices keep dropping. An overall drop of 20%in the prices of assets over 2 months is considered as a bearish market. This market is an uncertain time in the investor journey. They don’t know whether to sell their assets or hold on to them. This period is also known as “FUD” (fear, uncertainty, and doubt). The overall sentiment of the investors is filled with fear of prices dropping even more. Ways to Invest in The Bull Market and Bear Market For Bull Market: Investors can make sure to buy crypto coins as early as possible. And you sell them when they reach their peak prices. Don’t make the mistake of selling the coins early. Instead, track the market changes to determine the peak pricing. Also, you can be one of those investors who want to hold their coins long-term. For Bear Market: With a lack of confidence, a lot of investors are prompted to sell their crypto coins in the bear market. However, there are a few strategies where you can earn profits even during the bear market. Buy the Dip: Bearish market is the best time to buy crypto coins. They are their lowest prices and hence you don’t need to spend more to buy the coins. And you can sell them when the prices are favorable to earn profits. Dollar-Cost Averaging: Bearish market is not a good time to spend too much of your funds in a single go. So, several investors like to invest in bit size. They divide their funds into smaller sizes. Invest these smaller-sized funds over some time to average out the purchasing costs. Investment Diversification: Bearish market is a great time to diversify your investments and thus your portfolio. Since most crypto coins are at their lowest prices, you can invest in multiple crypto coins. And sell them when they reach peak prices. You can earn massive profits at the right time. Bottom Line Knowing about bearish and bullish markets gives you an edge to make the right trading decisions. And even if the sentiment of investors is filled with fear during the bearish market, it is still a good time for investors, especially beginners. So, start trading in the crypto market now. And to know more crypto insights, keep following Coin Informer!

bitcoin investment

Can Cryptocurrency Help in Combating Worldwide Inflation?

Combating Worldwide Inflation: Whether you invest in the market or not, inflation affects everyone of us. With inflation in fiat currencies, we experience a surge in the prices of daily commodities. And although inflation is a common economical event, in some situations, it might get out of control. For example, the recent surge in US dollars has caused inflation on other fiat currencies worldwide. Moreover, political events, the recent pandemic have contributed to the inflation rate. Now, there are different strategies to fight inflation. However, not all of them are inflation-proof. This is where several investors think that cryptocurrency can be a better solution to tackle inflation all around the world. Does Cryptocurrency Have The Potential to Be a Haven? Investors think so! And we do have some current examples where cryptocurrency such as Bitcoin proved to be a haven. The recent example comes from Turkey where the country’s currency Lira saw a massive depreciation resulting in high inflation. Cryptocurrency like bitcoin was the only way to save the economy of the country. Similarly, political unrest in countries like Zimbabwe and Venezuela also experienced inflation. In both countries, bitcoin investment controlled the inflation rate to a certain extent. Although the interest of investors to invest in cryptocurrency differs, the result certainly contributes to the decrease in overall inflation in the economy. Why Cryptocurrency Is Resistant to Inflation? Decentralized Nature of Cryptocurrency The decentralization of cryptocurrency benefits the economy by reducing the chances of inflation. Since there is no central authority to control cryptocurrency, it is not limited by the conventional economics of the country. The availability of cryptocurrency is embedded in blockchain technology. This makes it transparent and easier to monitor and track in real-time. Limited Supply Usually, inflation occurs when there is a large number of currencies circulating in the market. This reduces the faith of individuals thus depreciating the value of the fiat currency causing inflation. However, such is not the case with cryptocurrency. There is a limited supply of the cryptocurrency. In terms of bitcoin, the supply number falls at 21 million coins. This means no new coins will be generated thus increasing the price of bitcoin but controlling inflation rates. How Does Cryptocurrency Affect an Average Man? Apart from the massive investment potential of cryptocurrency, it has real-time implications in the life of an average individual. Aiding the Unbanked Population: Several individuals around the world don’t have access to regular financial services. In this case, cryptocurrency can become a way to provide financial inclusion to such a population. The decentralized nature of cryptocurrency makes it easier for individuals to gain access to funds. Remittance Mode: Several people transfer money from one country to another using wire transfers. This incurs heavy remittance costs. With cryptocurrency, these remittance costs can be reduced making it easier for people to transfer money across borders. Financial Aid: Several people are unable to get financial help such as a bank loan due to lower credit scores or lack of KYC. In cases like these, people can get financial aid using cryptocurrency. Bottom Line Cryptocurrency is not only an investment asset, but it can also contribute to solving real-world problems faced by an average person. Digital currency like bitcoin has the potential to control inflation rates which seem to be at an all-time high at the moment. Check out Coin Informer for more insights into the cryptocurrency world!

Crypto Wallet

Reasons Why Non-Custodial Digital Wallets are Preferred

If you are investing in cryptocurrency, you might be using a digital wallet to store your crypto assets. Most of the digital wallets include the use of a third party to manage the assets. However, with non-custodial digital wallets, users get more flexibility. Non-custodial digital wallets don’t have the involvement of a third party. These wallets give users increased control over their crypto assets. And they are a great way to reduce the chances of cryptojacking. Non-custodial wallets also offer several other features that make them a more appealing option for investors. Here’s what makes non-custodial digital wallets a better option. Easy Access As an investor, you would be more comfortable in having direct control over your digital assets and investment portfolio. Non-custodial wallets offer investors easy access without the involvement of any third party. As a user, you don’t need to answer anyone regarding your investment. Greater flexibility and great control! Enhanced Security Most digital wallets are managed by a third party. This means if you want to access your crypto assets, you have to go through the third-party interface. Moreover, third-party exchanges are prone to cyber hacks. If this happens, you might lose your assets. With non-custodial digital wallets, there is no third-party. This reduces the chances of hackers getting access to your crypto assets. Non-custodial wallets are the best way to secure your holdings. Easy Management As an investor, you want to have easy management of your investment portfolio. You shouldn’t be limited to using your desktop or laptops for accessing the assets. With non-custodial wallets, you can manage your portfolio right from your mobile devices. You can easily buy or sell your crypto coins without any interference and with just a few clicks. And you can easily convert your digital coins to any assets of your choice. No Risk of Cryptojacking Cryptojacking is a form of hacking where hackers will try to hack your digital wallet and gain access to your funds. Now, it is much easier for hackers to target digital wallets that are maintained by a third party. Since third-party exchanges want more people visiting their platform and using it for trading, stealing digital wallet keys becomes easier. Once the hacker has access to your digital wallet private key, your funds are at risk. With non-custodial wallets on other hand, only you have access to your funds. Not many people will be accessing the platform and it will become difficult for hackers to hack your assets. Bottom Line Although there are different types of digital wallets, non-custodial digital wallet offers more enhanced security features for crypto assets. So, if you are just a beginner or an advanced trader looking for more security, non-custodial wallets are a great option. For more crypto insights, keep reading Coin Informer!

crypto exchange

Four Ways to Secure Your Digital Wallet

Digital Wallet: Do you invest in cryptocurrency? If so, you might have a crypto wallet that allows you to buy or sell coins and keep your profits. Digital wallets are an integral part of any cryptocurrency investment. Moreover, all your digital assets will be saved in the digital wallet, you must ensure that it is secure. There are several instances where digital wallets have been hacked and people have lost their digital assets. You certainly don’t want that to happen to you! Although there are digital wallets with high-security features and you might be using one, chances of getting your digital wallet can’t be neglected. So, what can you do, on your end, as a digital wallet user to ensure that your assets are safe? Here are a few tips from our professionals. Don’t share your private key You might already know that private keys are a crucial aspect of investing in the cryptocurrency market. And gaining access to your private keys gives hackers access to your digital wallet. Hence, never share your private keys with third-party service providers. The best way to maintain private key security is by printing it out on paper and hiding it in a safe space. This will help avoid sharing your private key and prevent access of others to your digital wallet. Be cautious of mobile traffic You might be using your mobile devices to access your digital wallet. You might be using your mobile devices to browse a lot of things on the Internet. This can expose your digital wallet to hackers. A few lines of code embedded in a link can lead to the hacking of your digital wallet. Hence, be cautious of mobile traffic. Install an antivirus, avoid clicking on suspicious links, don’t download apps that are not safe. Generate strong password Now you might be using different platforms to invest in different cryptocurrencies. You will create a password to access your account on these different platforms. Make sure you don’t use the same password for all platforms. Also, create a strong password. Avoid using personal things or numbers as part of your password. It is much easier to guess a password if a personal aspect of your life such as your date of birth is included in the password. Moreover, change your passwords every few months. This will also make it impossible to crack your password. Review crypto exchanges Several crypto investors use a crypto exchange to manage their investments. But before you choose a crypto exchange, make sure you have thoroughly vetted the exchange. One wrong move and you risk losing your digital assets. You can either stick with crypto exchanges that are highly popular or read reviews on websites like Trustpilot to get an insight. Bottom Line Cryptocurrency investment is certainly gaining speed in today’s market. All types of investors want to invest in cryptocurrency and earn profits. However, securing your digital wallets is key to ensuring safe crypto trading. For more crypto trading insights, guides, and reviews, keep reading Coin Informer!

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Category: Guide