Crypto Bull Mike Novogratz Favors Gold over Bitcoin

Big bull investor of the global Bitcoin market, Mike Novogratz, advises that investing in gold is better than investing in Bitcoins. He says that though Bitcoin outperforms the valuable yellow metal in the market, it may be less lucrative because of the high volatility of the crypto market.

Mike Novogratz heads the Galaxy Digital Holdings group. He is the most successful and vocal hedge fund in the United States, who was leading the well-known Fortress Investment Group for many years. This Bitcoin bull and a billionaire investor is the most sought after advisor in the global crypto market. In 2017, Mike was reported to hold 20% of his total net worth in Ethereum and Bitcoins. 

He has correctly predicted the price of Bitcoin trading in the past years. In 2017, he forecast the rise. Being a vocal Bitcoin bull, Mike keeps sharing his views on social platforms. On June 1, his tweet was to hold on to both Bitcoins and Gold. He said Bitcoins prices might reach a new high if the barrier breaks. On July 8, talking to CNBC’s First Money, Mike advised investors to keep more gold than Bitcoins. Bitcoin prices did not fluctuate during this period and steadied at $9000. 

Mike says that Bitcoin has just started adapting to the situation. For reaching a peak, Bitcoin prices need to break a resistance that is more difficult to attain in the present scenario. Yet, Bitcoin will gradually gain more momentum in the market because more and more companies are initiating different methods to fetch the crowd towards the adoption of cryptocurrency or Bitcoin. 

In the interview with CNBC’s First Money, Mike has said that Bitcoin is quite difficult to purchase. Bitcoin would be of the greater price if the purchasing-method were easier. There are various people who try to provide different methods to purchase Bitcoins. Some custodies and funds are also set up by some companies. Also, within some time, they will get an exchange-traded fund, which is like security. It comprises many securities such as trading commodities, cryptocurrencies, etc. that frequently trace an underlying record. These funds may invest in many industry sectors or manipulate several strategies. 

Considering the upcoming changes in the method of holding Bitcoins, Novogratz advises prioritizing the precious metal instead of Bitcoin. He also asks the investors to consider the fact that gold prices are touching a 9-year high. On July 9, gold prices touched a peak price of $1800 since 2011, September. The rising price of gold is evidently because of the economic recession in the Covid-19 situation. Over the last 24 hours or so, the price of gold has increased by 0.1%, making it $1810 per ounce for trading. 

According to one of the biggest advocates of gold, Peter Schiff, investors don’t pay enough attention to the price rise patterns of the precious metal. Speaking to news sources on Thursday, he said that gold is the most neglected bull market. He said that since 2015, the prices of gold had risen by 70%, but investors fail to pay attention to this market’s profitability. 

How To Buy Bitcoin Anonymously?

Even though Bitcoin have a reputation for being secure and anonymous, but they are not always! It might come as a big shock for those looking to buy or send Bitcoin anonymously that every transaction is put on a ledger. Many exchanges have an authentication process that can allow Bitcoin to be traced to the person. Most of the popular crypto exchanges like BitMEX, Coinbase, and Binance will ask for KYC to allow you to open an account with them. You will be asked a number of documents such as your passport, driver’s license, recent photograph, official email address, phone number, and you’re your home address. When these exchanges have so much personal information about you, being anonymous is out of the question. 

However, there are certain workarounds to buying Bitcoin anonymously. There are many different ways, apart from Bitcoin exchanges from where you can buy Bitcoin anonymously. Here are some of them –

Bitcoin ATMs

If you have a Bitcoin ATM near your place, you can purchase Bitcoin anonymously using cash. There are dedicated Bitcoin ATMs in over 80 countries. You just need to insert cash into the ATM, and it will transfer coins into your Bitcoin ATM. The purchases through these ATMs are completely anonymous as the exchange does not record any of your personal information when transferring the funds to your Bitcoin wallet.

Person to Person Purchase

Person to person purchase of Bitcoin is the most anonymous method to obtain Bitcoin. Here, the buyer and the seller meet each other physically to exchange Bitcoin for cash. Most of the time, these people are not known to each other. There are different platforms that can allow you to learn about other sellers and buyers you can meet locally. Many people use an intermediatory or a trusted person to facilitate the Bitcoin transaction. It will help protect your identity.

Buy Anonymously Online

There are a few exchanges that allow you to purchase Bitcoin without the need to verify yourself on the platform. One such example is Bisq. It is a peer-to-peer platform allowing buying and selling cryptocurrencies in real currencies and without registration. However, it does not offer spot prices or liquidity that other platforms offer. One other option is Hodl Hodl, but you might need to share your personal information to make transactions.

Privacy is important when it comes to buying Bitcoin. Without anonymity, your personal information can easily be tracked, and it might be a matter of concern when it comes to online privacy. We live in an era where sharing personal information on social media platforms is the norm. But what people might forget is that sharing intimate moments online may come at a cost. Many people have fallen trap to cyber-attacks and identity theft due to it.

Purchasing or selling Bitcoin is a personal matter, and its details should not be disclosed, such as how many Bitcoin you bought, from where you purchased it, or when you bought the Bitcoin. Many governments are not pro-cryptocurrencies, and people who purchase cryptocurrencies in a large quantity; you might attract attraction from the government. Thus, being anonymous can provide you protection and peace of mind knowing that the transactions cannot be traced back to you. 

Bitcoin Hardware Devices Need To Improve To Handle Complex Transactions

Bitcoins evolution has come a long way since its formation in 2009. It has achieved remarkable success and made way for hundreds of other cryptocurrencies. The Bitcoin hardware has also evolved; however, Bitcoin hardware devices need to improve to handle complex transactions.

Analysis:

Based on the test report released on September 2020, on Casa Blog, by Jameson Lopp, co-founder and CTO of Casa, a crypto custody firm, on Bitcoin multi-signature hardware signing performance, it is said that the hardware crypto wallet devices can handle small and simple transactions well.

However, problems start when the transactions become complicated. Lopp stated that while Casa has no control over the hardware devices, its goal is to support any device.

Lopp’s decision to research the hardware was with the hope to come to some conclusions and help multisig software providers with a better understanding of the limits of the hardware and customize wallet software for better performance.

Casa is compatible with six hardwares, including Trezor, Ledger, Coinkite, and Coldcard. The test was done on all supported hardware, including Bitbox.

Jameson Lopp created a series of tests to determine these hardware wallet potentials when signing multi-signature transactions of varying complexity. He repeated these tests and came to the decision that it is better and more secure if the hardware devices can show progress indicators for loading and signing. 

When it came to overcoming transaction size limitation and delay of transaction processing time, Lopp suggested that hardware wallets should break up and send in multiple smaller transactions that are below its limits.

When the transaction process takes a lot of time, some hardware devices lock themselves from inactivity. Lopp suggested that the least the device manufacturers can do is to disable the screen lock functionality while a transaction is taking place to avoid any inconvenience.

In his suggestions, Lopp also mentioned that the hardware devices should also support partially signed Bitcoin transactions (PSBT) and all possible multisig transactions that are valid.

There are usually two steps to be followed by the hardware devices after signing a Bitcoin transaction. Lopp says, “At first the transaction gets loaded on the device, analyzes the details and then displays them on screen for user confirmation. The details are basically the address to which funds are being sent, the amount being sent, and the transaction fees. In the second step, post confirmation from the user, the device signs each transaction input and then returns the signed transaction to the wallet software.”

Lopp did the testing on the Bitcoin Hardware device based on the following configuration.

Jameson Lopp set up the test by leveraging Electrums’s 4.0.2 appimage on Debian Linux and created various P2WSH (native segwit) multisig wallets that use Bitcoin’s testnet and with the hardware devices plugged in via USB. A deposit of 100 UTXOs was deposited in each wallet for the test.

In the end, the test result indicated that the Bitcoin devices need to improve to handle complex transactions.

A 17 Year Old Was Just Arrested in Connection With Twitter’s Recent Hack

Generation Z has become the most computer literate generation yet and can easily navigate the ins and outs of the internet with quite an ease. But such skills can have a wrong side with a bad hand, as is evident in a recent case where a boy is just seventeen years of age has become the cause of a worldwide Twitter hacking that has caused much damages to the accounts of celebrities. Authorities indicate that the young adult boy operated alone and single-handedly caused this atrocity in such gigantic proportions and caused such uproar.

Details of the Case

The teenage hacker was arrested in the Tampa province of Florida in the United States of America. The scandal he caused has been termed the largest social media safety issue, the like of which is rarely seen. The master-mind operation had been the cause of many twitter profiles hacked and exploited, the owners of which included big celebrity names such as Elon Musk, Joe Biden, and Bill Gates. Ironically, two of these examples are major industrialists in the sector of software technologies and programming themselves.

Authority Report

The case file indicates that the boy went by the name of Clark and did not use any assistance from any fellow coder and did this massive breach of trust single-handedly. The young adult was charged with over thirty charges that included identity theft and data fraud. He faces repercussions in the area of Florida where more lax laws allow for juveniles to be tried as adults in such scams and fraudulent cases. More recent reports after the preliminary investigations have clarified that there can be accomplices involved in the operation, but the authorities do not know for sure.

The young age is not be confused with the simplicity of the job, as the scam as perpetrated in a level very rare and points to the criminal in question to be a prodigy in coding and software programming, albeit a prodigy who chose to use his powers for evil. Another three also face accusations now and are believed to have assisted Clark in his criminal endeavors. These three accused go by the online aliases of “Chaewon, Rolex, and Juvenile.” The authorities point towards the success of the investigation as such attacks being completely thwarted is no small victory.

Top 5 Swiss Bank’s profits up 34% after Bitcoin integration

In this age now, the virtual currencies have gained tremendous significance. Those who have invested in such currencies have gained a huge profit in the past some years. One such event is recently in the limelight as one of the known personalities has revealed his huge profit from Bitcoin revolution. Julius Baer, which is ranked at the fifth position in top Swiss Banks, saw a decent profit of more than 34% this year. It recently began offering digital currencies like Bitcoins to consumers, and this growth can be attributed to this integration. The bank manages more than $400 billion in assets, and the overall profit has increased by more than $500 million this year. The trading revenues have come mostly from the US and the European region. The bank had rolled out Bitcoin integration in January this year, and it has seen good participation in recent months.

Trading revenues increased allover

The trend remains the same with many other major banks this year. The trading revenues saw a significant increase as the fear of Covid 19 pandemic led to a lot of changes in the stock market and other markets around the world. Most stock markets rallied, and retail participation went up by a huge margin as many new players entered into the market during this pandemic period. JPMorgan earned $4.7 billion net income in the second quarter, which is its highest revenue on a quarterly basis so far.

Retail trading in Julius Baer

The situation with Julius Baer is also similar as many retail investors increased their participation in recent months that led to high revenues. The trading activity has been high since April when the pandemic started to expand all over the world. It has been continuing in the same direction ever since, and even Bitcoin reached its highest level in this period. The spike in Bitcoin prices have surprised many investors, and they are expecting some correction from these levels soon.

Even stock markets have seen a good amount of volatility as prices continued to swing in both directions on most days. However, the new stimulus package has boosted the spirits of the market, and they see new highs on a  daily basis. The trend is likely to continue for a few more months as the central banks are willing to back the markets with more stimulus shortly.

This Post-Halving Bitcoin Era Will Be Unlike Any Other

The Crypto industry waits for its once in a four-year event, halving. Every time this event brings on new opportunities for the cryptocurrency and miners. The previous two halvings have shown that Bitcoin is a popular digital currency. But this time, it is way more significant.

The latest halving has reduced the mining reward from 12.5 BTC to 6.25 BTC. The third halving of Bitcoin has now entered into its fourth block reward era. People are making many assumptions about the digital coin after the new halving of BTC.

According to the previous halving events, Bitcoin prices skyrocketed. This halving event is also set to increase Bitcoin prices according to the predictions. There is a twist to the third halving event. If the forecasts to be believed, the current halving case is going to evolve the Bitcoin network like never before.

Satoshi Nakamoto, founder of Bitcoin famously made a quote through Bitcoin embedding which says, “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks”. This quote made it clear that Bitcoin is going to end the printing of money out of thin air.

Bitcoin halvings have proved that it is the most prominent means of wealth. Its previous two halvings have been phenomenal to show a new economy worldwide.  Bitcoin was found during the recession but since then it has proved its existence through every halving occurrence.

Both of the previous halvings occurred in a financially stable period but the third halving has been quite different. It has coincided with a global pandemic COVID-19. According to Paul Tudor Jones, a Bitcoin investor, and an American billionaire, there is a lot of progress in terms of money whether it is in paper form or in digital.

The last block mined during the third halving event included a message that stated, “NYTimes 09/Apr/2020 With $2.3T Injection, Fed’s Plan Far Exceeds 2008 Rescue”. This message was displayed along with the 629,999th block along with a permanent time stamp.

This block era has proved that Bitcoin is a digital gold as comprehended by cryptocurrency experts. The Bitcoin is created at the rate of 6.25 BTC every block. It is almost impossible to replace Bitcoin anytime soon.

On the other hand, the fiat currency is losing its place gradually. The Bitcoin, however, has turned out to be a significant asset. Some experts are even comparing the third halving era with the first halving.

Since the first Bitcoin halving or invention took place during the 2008 recession and now there is a global recession again due to the global pandemic. Bitcoin is rising again and again there is an overflowing monetary supply.

The third halving has proved that Bitcoin can withstand any situation in the economy. Bitcoin has a similar yearly issuance rate of 1.8%. It is a tradeable asset and has the potential to kick-off traditional money in the future.

Bitcoin started with a P2P system but recently it is being used in every other financial circulation. It has a resemblance to gold in many ways. It experiences the same level of immunity that gold does during the devaluation period.

Satoshi knew this might happen in the future, that’s why his message included “Chancellor on brink of second bailout for banks”. This message was a hint that no matter what Bitcoin will remain immune from printing press debasement.

Unlike traditional money that is created out of thin air, Bitcoin has proved to be the best form of investment. It does not depend on supply, unlike traditional currency. Everyone agrees that an investment in Bitcoin is worth making even during the worldwide pandemic.

The third halving of Bitcoin has created a history. The digital coin has come out even stronger than its inventor predicted. When there is a situation of global rush and recession, Bitcoin stands strong and its value keeps on increasing. The third halving of Bitcoin has been remarkable and Bitcoin is the currency of the future if the statics will remain as it is.

Jim Jefferies Possesses 4 times the bitcoin Than What Elon Musk Owns

Geoff James Nugent, professionally known as Jim Jefferies, is an Australian-American stand-up comedian, actor, and writer. He even had his show on Comedy Central titled the Jim Jefferies Show that aired on television from 2017 to 2018.

On the other hand, Elon Musk is a designer in the industrial sector, a technology entrepreneur, a philanthropist, but, mainly an engineer. He is a permanent citizen of the US, Canada, and South Africa at the same time. He is the CEO and the CTO of SpaceX, besides being the original founder of the company.

Both Own Bitcoin (BTC)

A very common thing about these two huge personalities is that they are both inclined towards the cryptocurrency realm owning a large number of bitcoin units. However, it has come to notice that Jim Jefferies possesses 4 times the bitcoin than what Elon Musk owns. This is what this article is dealing with. Time to get further into the news.

So, it has been recently revealed that the great Australian-American comedian has managed to gather a large amount of Bitcoin, an amount that is even larger than that owned by Elon Musk who is one of the world-famous billionaires.

Jim Jefferies Bitcoin Worth

In one of the episodes held on the 30th of June,2020, of the podcast of Jefferies ‘I Don’t Know About That,’ Jim Jefferies uncovered this fact to ‘Invest Diva’ Kiana Danial. He was a little bit more updated regarding the cryptocurrency compared to his comedian crew apparently knew. Jefferies’ podcast staff members generally put their finger on the topics the comedian has small or no idea about.

He stated that he has one bitcoin, and added that he purchased it like a little of a laugh just on the Robinhood application to find out about this cryptocurrency thing. He also revealed that at present, he is the owner of 9612 USD worth of bitcoin. However, Danial discovered that Jefferies had not still sent his badge to a wallet.

The Confirmation of this News

His purchase of one single bitcoin has made him more wealthy in terms of Bitcoin when compared to Elon Musk, the multi-billionaire. The proof is given by Elon Musk himself when he announced his holdings are at nearly 0.5 BTC, which is equivalent to 2347 USD. So, that means Jefferies’ bitcoin amount is almost 4 times more than that of Elon Musk.

The approximate amount that is the net worth of Jim Jefferies is very near to 9 million USD. This signifies that his cryptocurrency investment is equivalent to just 0.1 percent of his total asset amount, which is a bit less than the 1% of Paul Tudor, another famous billionaire.

Conclusion

That was all about Jefferies’ possession of Bitcoin, which is nearly 4 times the bitcoin than what Elon Musk owns. No matter what people say, this news is quite an unexpected one. Expectantly, you got to know what exactly you were looking for about this update.

2021 might be the year Gold And Bitcoin See Massive Rallies, Top Banks Say Imageware Brings On Christopher Dickson As VP Of Sales

As always, the value of metal should be feared, and we might have forgotten the fact and basically tried to give bitcoin the King’s place! The recent study finds that gold is rallying alongside bitcoin for the last few months. This unexpected move in the rally has made sellers as consumers of precious metals. Precious metal sellers are turning into consumers of these metals and watches sold off by citizens.

 What’s Going On?

As the economy is hit by unemployment and gold is used towards $2,000 thousand, citizens are already selling off their precious metals and valuable watches in the pawnshops. These pawn shops have always existed, and therefore people are visiting these shops for refuge. Pawn Shops are infamous for helping by buying gold reserves of citizens during an economic crisis.

This random visit of the citizen to pawn shops for selling off high valued brand watches and gold is ominous. Due to this act, the gold prices are dropping, the supply of sellers is exhausted, which is resulting in plenty of lockdowns in gold shops. The spike in gold prices rose to $1,400, which is the highest in 6 years. This spike in selling and price hike is a fearful situation because it indicates a slowed-down economy and joblessness. Though experts say, bitcoins have no connection with gold rallies, but cryptocurrency traders are still confused.

 What are top banks saying and what’s their strategy?

The top banks are really worried about this gold rally and the economic slowdown these months are facing, and therefore they have introduced Christopher Dickson as the Vice President, sales of Imageware. He is an expert in the field of Enterprise Management, SaaS, Analytics, Global, Cloud, Blockchain, Security, Start-ups, Scaling Business, and Building World Class teams.

The main movie behind bringing Chris into the company, as stated by the CEO, is to bring focus on the company, and along with him comes various other profitable networks. He also states that, as Dickson has experience in the sales strategies, he will be an asset to Imageware. He is set to create new strategies to meet the revenue goals for Imageware. He also mentioned that Chris is a team player and is keen to work closely with the engineers for building good product sales and management team to help the company get closer to their fortune.

Conclusion

This massive rally is actually making crypto traders think about the future of bitcoins. Gold is the “store of value,” but bitcoins aren’t. Hence, crypto traders are worried, and it’s justified because gold has both a store of value and also a precious metal that carries intrinsic value. Hence, the questions come, will BTC holders move onto something more tangible than cryptocurrency?

The answer is kind of uncertain because until the situation stabilizes, economic slowdown stops, nothing can be really said. But one thing can never change, the value of gold and the future of cryptocurrency, which is bright because it’s digital, it’s intangible, and it’s easy to achieve!

National Science Foundation Funds Research Into Crypto Dollars

A blockchain startup KRNC has been awarded $225,000 to design cryptocurrency like features for the dollar. The National Science Foundation is an independent agency in the U.S. federal government. That too when there is still a lot of fuss going around the world about the digital dollar.

KRNC

KRNC is a National Scientific Funded blockchain company that can convert fiat money into digital money by the proof-of-balance algorithm. Soon it will be released as a completely decentralized protocol. And everyone will be able to use it as a cryptocurrency alternative.

KRNC (Key Retroactivity Network Consensus) will design a cryptocurrency to fiat dollars. This digital currency will be distributed to the users without any charge. In other words, unlike Bitcoin or other cryptocurrencies, this currency is not required to purchase. By using this crypto feature for dollars, it will be easy to deal with other decentralized platforms.

The National Science Foundation decided to give this grant to KRNC after closely reviewing the model and its uses. Anna Brady-Estevez, the program manager in the foundation said the potential merits and demerits were mentioned in the application. Only after initially calculating the benefits of KRNC, the grant was awarded to the company.

According to the authorities at the National Science Foundation, the technical aspects of this innovation seemed powerful. It can impact the market because of the competitive nature to traditional cryptocurrencies.

Due to the nature of cryptocurrency of being secure, the KRNC will also increase the security of financial transactions. However, Estevez confirmed that this grant should not be misinterpreted as a bias help towards the dollar. This grant is not an endorsement to influence the dollar at all.

Proof-Of-Balance Instead Of Proof-Of-Work

What is proof-of-work?

Proof-of-Work or PoW is the consensus algorithm that is used in the Blockchain. Whenever a new transaction is confirmed in the Blockchain, new blocks are formed. This is the algorithm of Blockchain to perform transactions.

The PoW is also used by the miners to get rewarded on every completed transaction. The information on each transaction is sent in terms of tokens and these tokens are collected in the form of blocks by the ledger.

This algorithm has its own set of benefits. It prevents anti-DoS attacks and also creates mining possibilities. However, why is it needed to replace this algorithm to use other currency instead of cryptocurrency?

The short answer is a waste of money and endless computing of complex crypto power problems. KRNC works on the approach of measuring the assets. For example, people already own dollars. In that case, they can have a proportionate amount of digital dollars equal to their wealth.

What Is Proof-Of-Balance?

This is a new technology in the field of cryptocurrencies. Unlike Bitcoin, where the blockchain is owned by anyone who buys the cryptocurrency at a higher price. The proof-of-balance algorithm doesn’t work on this requirement.

It means the blockchain will remain secure even if the adversary has control over the digital currency. This protocol also protects the cryptocurrency from external attacks. Thus, it can perform more securely and reliably.

Taking an example of Bitcoin, KRNC is going to freeze its digital cryptocurrency. It will create a sense of scarcity of this digital currency among the users. This will happen at the launch of this innovation according to the company.

If anyone wants to acquire digital currency, they can deposit fiat dollars in their account and get it assigned to them. After the currency is assigned, they can use it purchase goods or trade the gold. In short, it will work the same way Bitcoin works.

Another important feature is to use the digital currency to buy something or to trade it separately from the fiat money. Or it can also be used as a digital dollar. This digital gold works hand in hand with fiat money. No matter what’s the price of one of them, both are protected against the volatile market.

In the proof-of-work algorithm, the Bitcoin is in control of anyone who pays the highest cost of mining. Just the way auction works. The KRNC digital currency works opposite to it.

If the opposite party tries to purchase the large chunk of this digital currency, the initial fiat money will remain secure. It is way more secure than Bitcoin, that too at no extra cost. It is not just available to miners and traders, but anyone who owns fiat money can have KRNC.

New crypto trading platform launches with forex traders in mind

The use of technology in the field of finance and trading has changed the system in a revolutionary way. Though dealing in forex is made much easier in the traditional system, there are many areas where a better system is needed, and the experts address the same with the help of modern technology. 

Forex traders are usually more experienced when it comes to strategies and techniques compared to stock market traders. However, they have not been able to enter cryptocurrency trading as it is slightly complicated. This is no more a problem as CryptoAltum has now provided an excellent platform wherein traders can conveniently trade cryptocurrencies just like forex trades. In this way, forex traders will enjoy a similar interface and platform that they are used to in the forex trading account.

Good demand in the forex market

Due to the increased demand for various items and ease of transportations, many people love to trade with counterparts in other countries. The main issue they face is fund transfer due to the difference in currencies, and the technology has an answer for this trouble. The forex market is enormous compared to the stock market, as traders have the option to get involved in different currency trades throughout the day. In terms of volumes also, the forex market is way ahead of most stock markets. In this regard, it only makes sense to entice such forex traders into cryptocurrency trading. This will naturally boost the volumes in cryptocurrency exchanges, and it will get good participation and movement from the regular forex traders.

Easy registration with the crypto trading platform

CryptoAltum has made the registration process very simple, and traders can even open accounts and trade anonymously, which is never possible with regular forex and stock markets. When you have to open a regular currency trading account or stock market account, you have to enter important information about your passport and other confidential stuff. This is the main reason many people stay away from opening such accounts. However, with the new cryptocurrency trading platform, the procedure is simplified, and traders can open accounts easily without any hassles.

Amazing features of the crypto platform

The CryptoAltum platform offers excellent features for its traders. You can execute orders in quick time without missing any market movement. It also provides good leverage that is many times higher than its competitors in the market. For example, the spread offered on Bitcoin is $3, which is very good considering that many service providers offer in the range of $30.

All in one trading platform including cryptocurrencies

This is not just a cryptocurrency trading platform, and it offers regular forex as well as indices trading platform in one place. In this way, traders need not worry about opening separate accounts for separate market segments. Everything they need will be available in one place through the CryptoAltum platform.

Use demo accounts for crypto trading

If you are not familiar with cryptocurrency trading, you can choose the demo account and use it for a few days or weeks. In this way, you can get to understand various aspects of the market and get to see the market movements in a close manner. Once you get familiar with the concept, you can try your strategies in the demo account and see if they are working towards profitable trades. After this, you can go with the real account and invest your money in cryptocurrency trading. This eliminates some amount of risk as new players need not get into live trading without understanding the cryptocurrency market.