Sell cryptocurrency secure with Coinipop Don’t chase cheap coins with dreams of lambos and private jets. Lots of uneducated investors in the crypto space buy low priced cryptocurrencies because they think there is a higher chance of big returns. If presented with one coin priced at $0.01 and another at $75, they blindly purchase the $0.01 coin because they think it’s easier for a coin to go from $0.01 to $0.02, rather than from $75 to $150. This is a common trap. There are lots of factors that affect a coin’s price, including two important ones: the circulating supply and the real world value of the coin.
Are Cryptocurrency wallets secure? Wallets are secure to varying degrees. The level of security depends on the type of wallet you use (desktop, mobile, online, paper, hardware) and the service provider. A web server is an intrinsically riskier environment to keep your currency compared to offline. Online wallets can expose users to possible vulnerabilities in the wallet platform which can be exploited by hackers to steal your funds. Offline wallets, on the other hand, cannot be hacked because they simply aren’t connected to an online network and don’t rely on a third party for security.
Signing up for a Coinbase account is easy, though you will need to provide some form of identification. That may involve sending a copy of your photo ID and potentially also sending a live image of your face using a webcam. These rules are important to follow as they allow the site(s) to comply with ‘know-your-customer’ regulations. Although Coinbase alone will allow you to buy and sell Bitcoin, it’s also worth signing up to its linked exchange platform, Coinbase Pro, which will give you greater control over your purchases.
We could say that cryptocurrencies were born in 2008 when the domain name bitcoin.org was registered on August 18. Then, on October 31, the mysterious Satoshi Nakamoto, who designed Bitcoin, publishes an article that launches the ball: “Bitcoin: a peer-to-peer electronic cash system.” The first Bitcoin transaction occurs when Nakamoto sends Hal Finney, a computer programmer, 10 Bitcoin (BTC) on January 12. Bitcoin is the first digital currency created without the intervention of any government, central bank or organization. Under the pseudonym of Satoshi Nakamoto, a person or a group of people proposed and created a completely free digital currency, supported by its users through a P2P network. Until today the identity of its creator remains a mystery. Find even more details on Coinipop.
FOMO is an abbreviation for the fear of missing out. This is one of the most notorious reasons as to why many traders fail in the art. From an outside point of view, it is never a good scene seeing people make massive profits within minutes from pumped-up coins. Honestly, I never like such situations any more than you do. But I’ll tell you one thing that’s for sure, Beware of that moment when the green candles seem to be screaming at you and telling to you to jump in. It is at this point that the whales I mentioned earlier will be smiling and watching you buy the coins they bought earlier at very low prices. Guess what normally follows? These coins usually end up in the hands of small traders and the next thing that happens is for the red candles to start popping up due to an oversupply and, voila, losses start trickling in.
Kraken is another reliable exchange, they are based in the US and you can buy different cryptocurrencies with ACH transfers, SEPA transfers (great news for our European readers). Kraken is one of the oldest still remaining Bitcoin exchanges. And it is one of the most trusted sites still around. Coinmama buy Bitcoins with credit card or debit card And last on our list is Coinmama. It is a broker site similar to Coinbase and Bitpanda. Here you can buy BTC with a bank transfer or credit/debit card. Coinmama specialises in making it easy for anyone to buy Bitcoins or other cryptos. Both with a card or bank account. It’s an easy to use site and with a good customer support to help you on the way. You need your own Bitcoin wallet before buying BTC at Coinmama.
Coinipop has been structured to make it quicker for people to venture into the cryptocurrency world. Hence, if you want to get your hands on cryptocurrencies to trade, you can consider purchasing them from Coinipop. You can start using Coinipop for crypto transactions with just a few clicks. Here are the ways to get started. Read extra information on Coinipop.
