TechBank is licenced & regulated European financial institution, a crypto exchange is licenced by Financial Intelligence UNIT (FVR000419), also operates a highly secure Crypto wallet service (Licence No: FRK000341), issues multicurrency CRYPTOBACK cards (Patent App No: GB1719487.9) and operates from its corporate offices in London & Estonia. Open a beautifully simple app-based global crypto account in minutes not days. We’re all about giving back! When you shop at your favorite brands through TechBank, we receive a commission and share it with you as Cryptoback in Bitcoin & CCRB.
Cryptocurrency is the big boom in 2019, a market that offers huge profit making opportunities. But it’s also extremely risky so before you dig in it’s better to be educated. Here are a few tips if you want to purchase cryptocurrency online in 2019. To start investing in Bitcoin and other cryptocurrencies you first need to with an exchange which will allow you to buy cryptocurrency with paper money. An exchange is basically an online platform that enables everyone to buy and sell Bitcoin as well as any other cryptocurrency that they have traded.
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The cryptocurrencies work like this: They are generated by the network in most cases to encourage peers, also known as nodes and miners, to work to secure the network and verify entries or transactions. Each network has a unique way of generating and distributing them among its peers. Bitcoin, for example, rewards its peers (miners) for “solving the next block”. A block is a group or entries with all transactions. The solution is to find a hash that connects the new block with the old one. From here comes the term chain of blocks. The block is the group of entries and the string is the hash. Hashes are a type of cryptographic puzzle. Think of them as Sudoku puzzles that the classmates compete to connect the blocks.
You cannot “buy the dips” if you have all your money to invest already invested. LET US STRESS THIS POINT! The point should be obvious, but it bears repeating over and over. It is tempting to go all-in, but that limits your options. Consider always having some funds to the side to buy an unforeseen downturn. Even if you want to “go all-in” on crypto… leave yourself at least a little money to the side just in case. If you are all-in and the price takes a hard downturn, it takes lots of options off the table. It is hard not to go all-in when a coin goes down 60% – 80% over the course of weeks or months, but sometimes they go down even more than that, and it is wise to always prepare for the worst case.
TechBank handles all KYC/AML verification requirements and is licensed to handle customer’s crypto assets. We provide a regulated crypto custodial wallet service and fiat to crypto trade. All you need to do is do what you do best, provide the best software platform to exchange Crypto to Fiat and vice versa. We’re all about giving back! When you shop through TechBank, we receive a commission and share it with you in Bitcoin & CCRB. Instantly Load your TechBank virtual crypto linked Card and start earning Cryptoback while you shop at your favorite brands. See extra details on Highly secure Crypto wallet service.
Most beginners make one common mistake: buying a coin because it’s price seems to be low or what they consider affordable. Take, for example, someone who goes for Ripple instead of Ethereum simply because the latter is much cheaper. The decision to invest in a coin should have very little to do with its affordability but a lot to do with its market cap. Just like the conventional stocks are gauged by their market caps, which is evaluated using the formula Current Market Price X Total Number of Outstanding Shares, the same applies to cryptocurrencies.
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.
To make your first trade, input the amount of Bitcoin you want to buy in the provided field and click the buy button. On Coinbase or Coinbase Pro, this will be a basic “market” buy order, which will purchase Bitcoin at the best market rate. Alternatively, you can place a “limit” order, which lets you set a price you’re willing to pay for a certain amount and a trade will only happen if that amount shows up at that price.
TechBank is a European headquartered licensed financial institution that avails you with services including a pre-paid crypto linked virtual card, cryptocurrency exchange and peer-to-peer market place. TechBank OÜ (14440607) is licensed by, Financial Intelligence UNIT. TechBank Crypto exchange (License No: FVR000419) & crypto wallet service (License No: FRK000341) Estonia. We’re not a bank we are fully licensed to handle customer’s crypto assets and handle crypto to fiat and fiat to crypto trades. We operate from our corporate offices in Estonia. Source: https://techbank.finance/.
For a full presentation please check https://docs.google.com/presentation/d/1B83NYRoJV1bf53iKMv-QA8DpfAnLj0lFrr2vTxdaMh0/edit?usp=sharing.