Beginner Tips for Trading Crypto

Beginner Tips for Trading Crypto

Cryptocurrency market is currently as volatile as it has ever been. And yes, this means that trading crypto can be extremely profitable. Now, with that being said, trading crypto is not easy and it takes a whole lot of practice, knowledge and skill to do so properly.

Today what we’re here to do is to provide you with a list of beginner tips for trading crypto so you can not only be successful, but also keep yourself safe. Fair warning, today’s beginner tips for trading cryptocurrencies are mostly about the security aspect of things as opposed to the actual trading side of things.

The simple reality is that trading cryptocurrencies can actually fairly risky in terms of side of security, so you need to do everything you can to keep yourself safe. Yes, we will provide you with a few trading tips, but most of what we’re talking about today will be focused on cyber security and your own safety. Let’s get right to and provide you with some of the most important beginner tips for trading crypto, so you can be both successful and safe.

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Use a Bitcoin or Crypto Wallet

One of the absolute largest mistakes that newbie crypto traders make is to keep their coins stored on trading platforms and in crypto banks. People, this is one of the absolute biggest mistakes that you can make and the reason for it is because cryptocurrency trading platforms and crypto banks are not insured. Crypto currency trading is not like stock market investing.

Whether it is the stock market platform or the bank, your investments are covered, which means that if that trading institution goes under, your money is insured. Folks, crypto banks and trading platforms are not insured, so if for any reason the platform or crypto bank in question goes under, you lose everything.

This means that every single coin that you are not currently and actively trading with should be stored in an offline wallet, not in a crypto bank or trading platform. You can choose to use a digital wallet that is installed right on the hard drive over your computer, or you can use a physical hardware wallet too.

Crypto Income is Taxable as Income

Many people try to use cryptocurrencies as a way to avoid paying taxes. However, this is something that you absolutely cannot try to do. The reality here is that world governments are currently paying more and more attention to cryptocurrency income. Moreover, cryptocurrency income is taxable income.

In other words, if you buy Bitcoin for $20,000 and then sell it for $30,000, that $10,000 difference is considered taxable income. If you get caught making profits from cryptocurrency, trading and investing, and you don’t pay your taxes, you will be liable to legal repercussions. Your income taxes on your cryptocurrency incomes. It is the law.

Cyber Security is No Joke

Although this really has nothing to do with trading itself, the simple reality is that it’s very important to follow proper cyber security protocols. The fact of the matter is that there are tons of people out there who are very careless or just extremely lazy when it comes to cryptocurrency trading and their cyber security. People will use the same passwords for everything or just use super simple passwords. Some people even save their passwords in their browsers.

Folks, if someone asks into your computer, they will instantly have access to all of your information and all of your finances. Need to make sure that your passwords are difficult and long. Even better is if you use a password manager that creates super difficult passwords that you don’t even have to remember yourself. Moreover, make sure that you have proper cyber security programs installed on your computer, such as antimalware and antivirus programs.

Pay Attention to Transaction & Exchange Fees

What you need to know about cryptocurrency trading is that even if the financial institution of your choice that you’re trading with is not charging your transaction fees, which is very unlikely, There were also the additional transaction fees simply because you were trading with cryptocurrencies. No, this does not come from your financial institution, but because every single transaction that happens with cryptocurrency is recorded on the so-called blockchain.

Recording anything on the blockchain costs money, so whenever you trade crypto, it costs a small transaction fee. Although the transaction fees can be very minimal, the simple reality is that they do add up overtime. Therefore, the recommendation is that you only move around cryptocurrencies when you absolutely have to, because every single transaction will cost money on that same note, you should also look for trading platforms and crypto banks that charge very minimal transaction fees.

On that same note, what you also need to keep in mind here is that exchanging one type of crypto currency for another is also going to cost you money. Not unlike when you exchange one type of currency for another. It costs a fee when you convert Canadian dollars into American dollars, and so does it cost a fee when you convert Bitcoin into anything else. Therefore, not only should you look for a trading bathroom with minimal cryptocurrency exchange fees, but also ensure that each exchange you make is the right one.

Diversification Helps, In More Ways Than One

Really, the only actual crypto trading tip that we want to provide you with here today is that you should always diversify your investments. For one, you don’t want to just buy Bitcoin, but other cryptocurrencies as well. It’s never a good idea to keep all of your eggs in one basket. On that same note, it is also recommended that at this time, especially as a beginner, you don’t want to invest more than 10% of your portfolio in crypto currencies. Do some stock market in Forex trading as well.

Use a Crypto Signals Service

Crypto Trading Box is at this time one of the best signals services out there. For a very low price, you can get up to 12 highly accurate crypto trading signals per day. They allow for up to 95% accuracy. Signals come complete with entry and exit points, so all you have to do is copy and paste the signals for fast and easy profits.

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Crypto Trading Tips – Final Thoughts

Now that you have a good grasp on what you need to do in order to start trading crypto safely and effectively, as well as access to profitable signals, it is time to start making money!

CLICK BELOW: GET YOUR CRYPTO TRADING BOX SIGNALS TODAY!

Internet Coin Exchange Review

Internet Coin Exchange Review

OFFICIAL SCAM URL: www.internetcoinexchange.com

The Internet Coin Exchange is a very odd and suspicious website to say the least. As far as we can tell, it is nothing more than a list of different cryptocurrencies which you can purchase. Other than that, there is absolutely nothing on the website. The one thing that we do know about this Internet Coin Exchange is that it is a scam and it is hell bent on stealing your money. We do not have that much info about it, but what we do know is totally damning.

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Internet Coin Exchange – A Terrible Website

The first thing that came to our attention about the Internet Coin Exchange is that the website is absolutely atrocious. Besides a huge chart full of cryptocurrencies for purchase, there is absolutely nothing on the website. There is no information in regards to who owns it. We are never told a single thing about this ludicrous cryptocurrency purchasing website.

There is no “about us” page, no “information” page, and nothing else. It is literally just a big list of currencies with a “buy” button. Not only is this minimalist website very bad looking, but it also seems as though it was designed by a child. There is obviously next to no funding for this website, seeing as there is no advertising or anything else of that sort. Simply put, this website is extremely suspicious to say the least. Even worse is that there is no way that we can verify that anything on the page is genuine or true.

 

Internet Coin Exchange – Who Owns It?

One of the first things that we always want to know about any Bitcoin and other cryptocurrency trading system or sales page is who it is owned by. We need to know that the people running the show are legit and the real deal. If we are to purchase any kind of cryptocurrency from the Internet Coin Exchange, we need to be able to rely on the people, mainly that our money doesn’t just go missing.

Well, when it comes to the Internet Coin Exchange we do not have a single clue as to who is in charge or who runs it. Nowhere on the website are we told the name of a person or people who could be in charge here. We are also never provided with the headquarters for the company, nor are we given any contact details at all. This service is totally anonymous and that is a huge problem. The only reason for a system like the Internet Coin Exchange to be anonymous is because it is illegal and fraudulent. It is our suspicion that when you go to buy any digital currency here, your money gets deposited into the account of whatever scumbag is at the helm, only for you to never receive any kind of coins.

Internet Coin Exchange – No Security

Another thing that came to our attention about the Internet Coin Exchange is that there is absolutely no verification needed to sign up for an account. At the same time, there seems to be absolutely no measure of security taken to protect you, your identity, and your money. You can only make payments with MasterCard or Visa, which is indeed very suspicious. We know for a fact that the forms where you enter your credit card details are not secure.

In other words, this is just an easy way for the scammers running the show to take your credit card info. They hope that you will sign up for the Internet Coin Exchange, enter your credit card info, and let them run up the bill. These people are thieves and their goal is to steal as much money from you as possible. The only thing that these crooks want from you is your credit card details so they can take your money from you.

Internet Coin Exchange – Crypto Wallets

Yet another suspicious aspect of this bogus Internet Coin Exchange is that we have no idea where your coins go or how they get there. We are never told what the process is for transferring your coins to your cryptocurrency wallet. We are also never told or shown which wallets can be used here or how they are used. Crypto coins need to be stored in some kind of wallet, but we have no info on this in relation to Internet Coin Exchange. This is clearly a very dangerous program that is hell bent on screwing you out of your hard earned cash.

Internet Coin Exchange – Stealing From People

Something that we do know for sure is that the Internet Coin Exchange steals from people. It claims to let you withdraw your money whenever you want, but this simply is not true. We have gotten hundreds of complaints from people who say that they cannot withdraw their money. Apparently some people have coins valued at close to one million dollars, but for one reason or another, the Internet Coin Exchange system will not let those people withdraw money. This is a telltale sign that a scam is afoot. You can buy coins and spend your money on these crooks, but you will never ever get anything back.

Internet Coin Exchange – What Licensing?

The selling and marketing of Bitcoin and other cryptocurrencies definitely requires licensing and regulation. You can’t just broker, buy, and sell Bitcoin as a company or organization without any kind of licensing. If the Internet Coin Exchange does not have a license, it is doing so illegally. The fact of the matter is that we have no contact details and have no idea who is in charge. Only the most transparent and trustworthy of companies are allowed to engage in this kind of thing and only the best ones get these licenses. There is not a single aspect of the Internet Coin Exchange which is reliable or transparent, so you can rest assured that there is no licensing present here.

Internet Coin Exchange Review – Conclusion

The only thing that is sure about the Internet Coin Exchange is that it is a rip off!

If you would like to engage in reliable and profitable cryptocurrency and Forex trading, we would highly recommend giving the brand new Crypto Advantage app a look at. It is currently the best, most credible, and highly profitable cryptocurrency trading system available today. With an easy to use platform, lots of options, a high ITM rate, and lots of potential for profits, you really cannot go wrong with Crypto Advantage software.

 

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