Investing in the Crypto Currency market space could be a little daunting for the original investor, as investing directly in Crypto Currency (CC) requires the utilization of new tools and adopting some new concepts. If you do opt to dip your toes in this market, you will want to have a very good idea of how to proceed and what to expect.Buying and selling CC's requires one to choose an Exchange that deals in the merchandise you want to buy and sell, be they Bitcoin, Litecoin, or any of the over 1300 other tokens in play. In previous editions we have briefly described the merchandise and services available at a few exchanges, to give you a concept of the different offerings. There are various Exchanges to choose from plus they all do things in their own way. https://list.ly/molleruplester975 Look for things that matter to you, for example:- Deposit policies, methods, and costs of every method- Withdrawal policies and costs- Which fiat currencies they deal in for deposits and withdrawals- Products they deal in, such as crypto coins, gold, silver etc- Costs for transactions- where is this Exchange based? (USA / UK / South Korea / Japan...)Be ready for the Exchange setup procedure to be detailed and lengthy, as the Exchanges generally want to know a lot about you. It really is akin to setting up a new bank account, as the Exchanges are brokers of valuables, and they want to be sure that you are who you say you are, and that you are a trustworthy person to handle. It seems that "trust' is earned over time, as the Exchanges typically allow only small investment amounts in the first place.Your Exchange will keep your CC's in storage for you. Many offer "cold storage" which simply implies that your coins are kept "offline" and soon you indicate that you want to accomplish something with them. You can find quite a few news stories of Exchanges being hacked, and several coins stolen. Think about your coins being in something like a bank account at the Exchange, but remember that your coins are digital only, and that blockchain transactions are irreversible. Unlike your bank, these Exchanges don't have deposit insurance, so remember that hackers are always on the market trying everything they can to get at your Crypto Coins and steal them. Exchanges generally offer Password protected accounts, and many offer 2-factor authorization schemes - something to seriously consider in order to protect your account from hackers.Given that hackers love to prey on Exchanges and your account, we always advise that you use a digital wallet for your coins. It is relatively easy to go coins between your Exchange account as well as your wallet. Be sure to choose a wallet that handles all of the coins you intend to be buying and selling. Your wallet is also the device you use to "spend" your coins with the merchants who accept CC's for payment. The two types of wallets are "hot" and "cold". Hot wallets are very easy to use but they leave your coins exposed to the internet, but only on your computer, not the Exchange server. Cold wallets use offline storage mediums, such as for example specialized hardware memory sticks and simple hard copy printouts. Utilizing a cold wallet makes transactions more complicated, but they will be the safest.Your wallet contains the "private" key that authorizes all the transactions you need to initiate. You also have a "public" key that is shared on the network so that all users can identify your account when involved with a transaction with you. When hackers get your private key, they can move your coins anywhere they want, and it is irreversible.Despite all of the challenges and wild volatility, we have been confident that the underlying blockchain technology is really a game changer, and will revolutionize how transactions are conducted going forward.If you are prepared to create a speculative investment into this disruptiv


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Last-modified: 2022-02-21 (月) 20:00:26 (803d)