Tips to consider when looking for a Blockchain application development company

Blockchain … It has become ubiquitous: left, right and in the middle – we hear about this technology everywhere. But it has gained its importance thanks to its merits: no one can doubt the multifunctional performance, dexterity and flexibility of the blockchain.
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Today, many companies that develop blockchain applications stand out with their services and there are certainly a lot of experts on the market. When deciding to test and approve a blockchain yourself, you need to consider many factors. The Internet is full of various sources and you will be able to find numerous tips on how to choose the best company for blockchain application development.

We have decided to compile a list of the most relevant tips for you, which will alleviate the agony of the choice. Go!

  1. Choose a blockchain development company that offers consulting services. Usually, companies like this are well versed in blockchain technology and provide you with comprehensive, detailed, expert reports. They will inform you about exactly how you can benefit from the implementation of blockchain in your company. Moreover, blockchain consulting companies are always up to date with the latest trends and can advise you to use the latest solutions.

  2. Take a closer look at their website. Get acquainted with the company’s portfolio: projects they have implemented (their complexity, industry, technology group, etc.). It is advisable to pay attention to customer reviews. They usually point out what makes the team stand out, among others, how quickly they implemented the project, what methodology they used and the general impression of the development and management processes. Furthermore, to get more details about the company’s professional competence, you can even contact their clients directly to get feedback.

  3. Don’t go cheap. Of course, development costs are key and it is okay if you want to take into account the financial aspects. However, don’t look for the cheapest development services as you could end up in complete disappointment. It is much better to just fix the project budget at the very beginning.

  4. Look for a dedicated team. Sometimes you can be a little confused, sad or even disappointed when you have to remind the team of the goals of your project or point out some mistakes that have not been corrected and that are repeated over and over again. Let’s face it – you don’t need these misunderstandings. So look for a company that will provide you with a dedicated team.

A dedicated team will work only on your project, deliver it on time, provide you with all the necessary updates and organize daily / weekly virtual meetings.

  1. Make sure the company provides dedicated support services. You should be aware that developing a blockchain application alone is not enough. It is a well-known phenomenon that all applications require continuous support even after the implementation process is complete. Consider support services such as cloud hosting, live technical support, and bug fixes. A team of experienced developers will do their best to rid your business of unnecessary problems in the future.

So here it is. The next time you think about which blockchain application development company to choose, don’t forget these tips.
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I wish you all the best!


History of cryptocurrencies

The advent of cryptocurrency is already taking over our daily transactions. Cryptocurrency is a digital asset that exists in the crypto world and many call it “digital gold”. But what exactly is a cryptocurrency? You must be wondering.
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This is a digital asset intended for use as a medium of exchange. Clearly, this is a close substitute for money. However, it uses strong cryptography to secure financial transactions, to verify the transfer of assets, and to control the creation of additional units. All cryptocurrencies are either virtual currency, digital currency or alternative currency. It is imperative to note that all cryptocurrencies use a decentralized control system as opposed to centralized systems of banks and other financial institutions. These decentralized systems work through distributed book technology that serves the public finance database. Usually a blockchain is used.
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What is a blockchain?

This is an ever-growing list of records that are linked and protected by cryptography. This list is called blocks. A chain of blocks is an open, distributed book that can be used to record transactions between two parties in a way that is verifiable and durable. To allow the block to be used as a distributed book, it is managed by a peer-to-peer network that adheres together to a protocol to validate new blocks. When data is recorded in any book, it cannot be changed without changing all other blocks. Therefore, blockchains are design-safe and also act as an example of a distributed computing system.
History of cryptography

David Chaum, an American cryptographer, discovered an anonymous cryptographic electronic money called ecash. It happened in 1983. In 1995, David implemented it through Digicash. Digicash was an early form of cryptographic electronic payment that required user software to withdraw banknotes from a bank. It also allowed specific encrypted keys to be flagged before sending to the recipient. This feature has made it impossible for the government, the issuing bank or any third party to track digital currency.
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After intensified efforts in the following years, Bitcoin was created in 2009. This was the first decentralized cryptocurrency and was created by Satoshi Nakamoto, a pseudonymous programmer. Bitcoin used SHA-256 as its cryptographic hash function (evidence proof scheme). Since the issuance of bitcoin, the following cryptocurrencies have been released.
1. Namecoin (April 2011)

2. Litecoin (October 2011)

3. Peercoin

These three coins and many others are called altcoins. The term is used to denote alternative variants of bitcoin or simply other cryptocurrencies.
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It is also necessary to note that cryptocurrencies are exchanged via the Internet. This means that their use is primarily outside the banking systems and other state institutions. Cryptocurrency exchanges involve the exchange of cryptocurrencies with other assets or other digital currencies. Conventional fiat money is an example of an asset that can be traded in cryptocurrencies.
Atomic Swaps

They refer to the proposed mechanism in which one cryptocurrency will be able to be exchanged directly from another cryptocurrency. This means that with atomic substitutions there would be no need for third party participation in the exchange.
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All Eyes on United Trade Club

The world is witnessing a phase of permanent change in economic representation of how money looks.

Just like in the past when valuables were used as a medium of exchange, then coins appeared and now a fiscal account, the economic market is irreversibly turning to cryptocurrency and the truth remains that whether you buy sooner or later, you will definitely need to change with the change of time.
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The situation that every capitalist tries to avoid is to have ordinary people who have as much control over their own finances as they do – capitalists. The first step to being rich is controlling your finances which leads to making financial decisions that will increase your funds by investing wisely.
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UNITED TRADE CLUB is a conglomerate formed with the main goal of putting the three main financial markets at the reach of everyone; ensuring that people make real investment decisions for the first time that will benefit them entirely thanks to cryptocurrency. United Trade Club, with an army of experts who have spent years studying blockchain and the cryptocurrency market, devised an initiative for trading and harvesting profits called TRADE-o-BOT. Trade-O-Bot is an automated robotic trading system that is expertly designed to trade in three major financial markets simultaneously for maximum profit for investors along with a team of trained professionals.
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United Trade Club is built for individuals who want financial freedom, enlightenment and knowledge of the new trend of the economic market in relation to the crypto market. A user-friendly interface, affordable packages, additional benefits as a user and even more tempting bonuses to be an affiliate, all combine to ensure that whoever becomes part of this gets the highest level and learns more than any layman would know about the financial market.
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United Trade Club is the best thing that can happen to crypto users and those who make transactions, or even just save cryptocurrency because they trade for you, and additional profits can be gained if you simply be an affiliate partner and refer others.
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A team of professionals, consisting of experienced Blockchain developers who keep the system on top of the chain, business people, marketing experts, psychologists who are up to date on the best way to transfer knowledge of complex Blockchain technology and a team of lawyers – All contributing to platform security and efficiency .
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Upgrades are constantly being set up to keep up with the fast-growing blockchain platform technology and more research, further than any other team of experts has gone.

United Trade Club accepts every entrepreneur, partisan, civil servant and worker interested in the financial market.
With all its steps, the United Trade Club is the future of cryptocurrency-backed trading.

The role of customer service – why it matters to your business

Plan to get financial information:

Blockchain technology is typically present in the financial sector, but could transform a number of industries and range from the Internet of Things (IoT) that supports healthcare and from the supply chain to arts and entertainment.

A blockchain expert explains that technologies that have a wide range come from their employment in a safe and efficient way. To ensure the integrity, transparency, consistency and fairness of data in different types of transactions.

Ideas on existing business functions:

We are the owner and CEO of cryptoappfactory.com, and also Blockchain. We can improve the existing business system using the idea of ​​creating a competitive advantage through more efficient accounting processes and solving the challenges of potential customers.

We are ready to prove the second point in which the P2P platform for energy trade eliminates intermediaries in the sale of renewable energy. And another Blockchain startup provides a platform that seamlessly shares data along supply chains. Investors seem to like startup solutions to everyday problems, allocating more than a million to the Origin Trail and more than a million to the Power Ledger.

Capital raising:

Ideas for creating a new model of services and launch products in your business, we support the concept of capital work for better selection of blockchain services and business support.

We use cryptocurrency to get an alternative solution to a traditional financing project. Cryptocurrency has startups that use the amount of working capital on the direct investment label using token generation events. Scholars have certain policies to maintain and support the project in accordance with legal services.

Get new customer services:

Blockchain technology has a cryptocurrency model that can transfer data to an expanded field in the market. Cryptocurrency has private and public investments to verify the transaction on the recognition of companies to attract Bitcoin and other online currencies. Helps support and translate sales.

According to the blockchain tool, we have large media data that we can highlight and convey on the forum through a small family business. PIVX has storage devices to insert a new client and customer to get Bitcoin easier and faster on payment methods.

Strengthening cyber security:

We use half of Bitcoin to share in case of private data breaches, and half of the data to share public data. Each company has some qualified experienced support for learning business to the next level of approach. Blockchain technology can be used to reduce the risk of data breaches.

Blockchain has improved its cybersecurity efforts because we have the infrastructure, transparency, event tracking, cryptography, and other information systems to share security data.

Provide Bitcoin privacy:

Privacy policies have several complementary tasks on cybersecurity systems. It is important to monitor certain consumers in order to buy Bitcoin in order to protect their data online.

Bitcoin privacy is very important because even by enforcing your regulation of your Bitcoin, data protection has many features for which we have stronger privacy laws. Blockchain can address this element by creating and protecting the attention of consumer data to build transparency and trust between consumers and brands. We offer sample data to share in the live ideas market using a large platform. Blockchain developers have a great user ability to share and store information about different entities.

Global challenges using cryptocurrency:

Finally, we have entrepreneurs who like to use blockchain technology to build other places that will destroy natural disasters.

With Forbes, we have listed who can divide capitalists in the market using cryptocurrencies, bitcoin and blockchain. We residents have an interaction and reconnection panel to get the power grid, and we also sell Bitcoin wallet for local private or public ventures.

This blockchain is the easiest way to help the cryptocurrency platform in the easiest way to respond. We offer Bitcoin and other currencies in the market which empowers your business in an easy way.

Are you planning to trade Monero cryptocurrency? Here’s the basics to get you started

One of the basic rules of blockchain technology is to provide users with unwavering privacy. Bitcoin, as the first ever decentralized cryptocurrency, relied on this premise to be marketed to a wider audience that then needed a virtual currency free from government interference.

Unfortunately, along the way, Bitcoin has been shown to have several weaknesses including incompatibility and a variable blockchain. All transactions and addresses are entered on the blockchain, which makes it easier for everyone to connect points and reveal private user data based on their existing records. Some governmental and non-governmental agencies already use blockchain analytics to read data on the Bitcoin platform.

Such shortcomings have led developers to look for alternative blockchain technologies with improved security and speed. One of these projects is Monero, usually represented by an XMR ticker.

What is Monero?

Monero is a privacy-oriented cryptocurrency project whose main goal is to provide better privacy than other blockchain ecosystems. This technology protects user information through hidden addresses and Ring signatures.

Stealth address refers to the creation of a single address for a solo transaction. Two addresses cannot be pinned for one transaction. The received coins go to a completely different address, making the whole process unclear to an outside observer.

A ring signature, on the other hand, refers to mixing account keys with public keys thus creating a “ring” of multiple signatories. This means that the tracking agent cannot associate a signature with a specific order. Unlike cryptography (mathematical methods of securing crypto projects), a ring signature is not new in the block. Its principles have been explored and recorded in a 2001 paper by the Weizmann Institute and MIT.

Cryptography has certainly won the hearts of many developers and blockchain enthusiasts, but the truth is that it is still an emerging tool with several uses. Since Monero uses the already tested Ring signature technology, it stood out as a legitimate project worth adopting.

Things you need to know before you start trading Monera

Monero’s Market

The Monero market is similar to the market for other cryptocurrencies. If you want to buy it, Kraken, Poloniex and Bitfinex are some of the exchanges to visit. Poloniex was the first to adopt it, then Bitfinex and finally Kraken.

This virtual currency seems mostly pegged to the dollar or to other cryptocurrencies. Some of the available pairs include XMR / USD, XMR / BTC, XMR / EUR, XMR / XBT and more. The volume of trade and liquidity of this currency record very good statistics.

One of the good things about XMR is that anyone can participate in mining, either as an individual or by joining a mining pool. Any computer with significantly good processing power can mine Monero blocks with a few hiccups. Don’t bother going to ASICS (application-specific integrated circuits) that are currently required for Bitcoin mining.

Price volatility

Despite the fact that it is a frightening network of cryptocurrencies, it is not so special when it comes to volatility. Almost all altcoins are extremely volatile. This should not worry any passionate trader because this factor is what makes them profitable in the first place – you buy when prices are falling and sell when they are on an upward trend.

In January 2015, XMR went for $ 0.25, then ran up to $ 60 in May 2017 and is currently a ball above the $ 300 limit. On January 7, the Monero coin recorded its ATH (most of all time) of $ 475 before falling along with other cryptocurrencies to $ 300. At the time of writing, virtually all decentralized currencies are in the price correction phase, and Bitcoin fluctuates between $ 10-11 thousand compared to the magnificent $ 19,000 ATH.

Interchangeability and adoption

Thanks to its ability to offer reliable privacy, XMR has been adopted by many people who have easily exchanged their coins for other currencies. Simply put, Monero can easily be mistaken for something else.

All Bitcoins in the Bitcoin Blockchain are recorded, and therefore, when an incident like theft occurs, every coin involved will be avoided from work, making it irreplaceable. You can’t tell one coin from another. Therefore, no vendor can refuse any of them because it is related to a bad incident.

The Monero blockchain is currently one of the most popular cryptocurrencies with a significant number of followers. Like most other blockchain projects, his future looks bright, despite looming government coups. As an investor, you need to do your due diligence and research before trading any cryptocurrency. Where possible, seek help from financial experts to get you on the right track.

Introduction to Blockchain Technology for Beginners

These days, technology is climbing to new heights of success at an incredibly fast pace. One of the latest triumphs in this direction is the evolution of Blockchain technology. New technology has greatly affected the financial sector. In fact, it was originally developed for Bitcoin – a digital currency. But now, it finds its application in a number of other things as well.

Getting this far was probably easy. But you still need to know what Blockchain is?

Distributed database

Imagine a spreadsheet that is copied countless times over a computer network. Imagine now that a computer network is designed so cleverly that it regularly updates the spreadsheet itself. This is a broad overview of Blockchain. Blockchain stores information as a shared database. Moreover, this database is continuously updated.

This approach has its advantages. It does not allow database storage at any location. The records in it have a real public attribute and can be checked very easily. As there is no centralized version of the record, unauthorized users do not have the means to manipulate and corrupt data. The blockchain distributed database is hosted by millions of computers at the same time, making the data easily accessible to almost anyone on the virtual web.

To make the concept or technology clearer, it’s a good idea to discuss the analogy of Google Docs.

The Google Docs Analogy for Blockchain

After e-mail appears, the conventional way to share documents is to send a Microsoft Word document as an attachment to the recipient or recipients. Recipients will take their sweet time to go through it before sending back the revised copy. In this approach, you need to wait until you receive a backup to see the changes made to the document. This happens because the sender is prevented from making corrections until the recipient finishes editing and sends the document back. Modern databases do not allow two owners to access the same record at the same time. In this way, banks maintain the balance of their clients or account holders.

Unlike common practice, Google Docs allows both parties to access the same document at the same time. Moreover, it also allows you to view one version of the document for both at the same time. Just like a shared book, Google Docs also acts as a shared document. The distributed part becomes relevant only when the sharing involves multiple users. Blockchain technology is in a way an extension of this concept. However, it is important to emphasize here that Blockchain is not intended for document sharing. Instead, it is just an analogy, which will help to get a clear idea of ​​this cutting-edge technology.

Prominent Blockchain features

Blockchain stores blocks of information across the network, which are identical. Based on this characteristic:

  • Data or information cannot be controlled by any single entity.
  • There can be no point of failure.
  • The data is stored in a public network, which ensures absolute transparency of the entire procedure.
  • The data stored in it cannot be damaged.

Demand for Blockchain developers

As mentioned earlier, Blockchain technology has a very high application in the world of finance and banking. According to the World Bank, more than $ 430 billion in money transfers were sent through it in 2015 alone. Thus, Blockchain developers have significant market demand.

Blockchain eliminates the payment of intermediaries in such money transactions. It was the invention of the GUI (Graphical User Interface), which made it easier for ordinary people to access computers in the form of desktops. Similarly, the wallet application is the most common GUI for Blockchain technology. Users use a wallet to buy things they want using Bitcoin or any other cryptocurrency.

Nano coin compared to Nexty coin – Crypto

Nano and Nexty: Are these real and practical cash alternatives? Let’s find out!

Blockchain is no longer a fashion nerd! Bitcoin has revolutionized the way many of us see currencies, books, funds transfers, and transactions. The beauty of all virtual currencies is that almost every one of them tries to solve the problem. And here comes our coin of interest – Nexty. At the time of writing, the similarity of the Nexty platform will be compared to the Nano – XRB to better understand this platform.

Simply put, the Nexty platform is presented as a transaction system that will eliminate the concept of transaction fees, while providing ultra-fast transfers to make it easier for its users. In addition, transfers are extremely fast because transactions do not require miners to make a confirmation as in the case of other virtual currencies such as Bitcoin, etc.

However, according to a white paper published by the creators of Nexty, the primary use of Nexty is aimed at start-ups of e-commerce to help generate public funding. Since there is no transaction, ultra fast transfer (2 seconds! And that’s pretty real time) and confirmation fees, fundraising will become less of a hassle. The coin surgically targets e-shops because it will cultivate an eco-system in which these stores will accept NTY coins from customers.

The concept behind NTY makes everyday online shopping a seamless experience. The team behind NTY consists of Blockchain developers and established marketers. Some of the team members have ten to 12 years of experience in full stack development and marketing.

Some of you might argue that the Nano – formerly known as Railblocks, XRB – already performs the same functions as NTY. The XRB coin is a bit unique because it uses its proprietary block grid data structures. This is why each Nano account has its own blockchain that reduces latency for fast transfers. In addition, XRB is energy and resource efficient and does not need a state-of-the-art GPU system to execute transactions. However, the Nano does not come with the option of a smart contract. Smart contracts are designed to exchange drivers for any cryptocurrency. These agreements assist in the exchange of assets, real estate, shares or any tangible or intangible entity of financial value. Smart contracts also suppress the need for brokers while seamlessly transmitting our crypto to exchange assets. Apart from this one difference, NTV and XRB (Nano) are more or less identical. Another great feature of the Nexty platform is its integration into existing e-commerce applications such as Joomla. According to NTY developers, integration takes a maximum of 3-4 hours.

To balance NTY’s supply and demand, the platform comes with a built-in smart investment program. This program offers bonuses and credits for buying, selling and holding Nexty. The system is intended for investors and everyday users at the same time.

The possibilities of the Nexty and Nano platforms are huge. Just imagine a world where crypto is replacing conventional wallets and transactions are fast! For example, if a seller accepts BitCoin, they may not hand over goods and services to you before the transaction is confirmed by a number of minors. And now re-imagine paying for goods and services in a fast-moving currency with zero transaction fees regardless of minor checks!

Cryptocurrency for beginners

In the first days of its launch in 2009, several thousand bitcoins were used to buy pizza. Since then, the meteoric rise in cryptocurrency to $ 65,000 in April 2021, after a staggering 70 percent drop to about $ 6,000 in mid-2018, has baffled many people – cryptocurrency investors, traders or simply the curious who missed the ship.

How it all started

Keep in mind that dissatisfaction with the current financial system has led to the development of the digital currency. The development of this cryptocurrency is based on the blockchain technology of Satoshi Nakamoto, a pseudonym apparently used by a programmer or a group of developers.

Despite many opinions predicting the death of cryptocurrency, the performance of bitcoin has inspired many other digital currencies, especially in recent years. The success with crowdfunding brought about by blockchain fever has also attracted those to deceive the unsuspecting public and this has attracted the attention of regulators.

Outside of bitcoin

Bitcoin has inspired the launch of many other digital currencies. There are currently more than 1,000 versions of digital coins or tokens. Not all are the same and their values ​​are very different, as is their liquidity.

Coins, altcoins and tokens

At this point, suffice it to say that there are fine differences between coins, altcoins and tokens. Altcoins or alternative coins generally describe anything other than pioneering bitcoin, although altcoins such as ethereum, litecoin, ripple, dogecoin and dasha are considered the ‘main’ category of coins, meaning they are traded on multiple cryptocurrency exchanges.

Coins serve as currency or a storehouse of value, while tokens offer the use of assets or useful assets, an example being a blockchain supply chain management service to validate and track wine products from the winery to the consumer.

It is important to note that low-value tokens or coins offer opportunities to increase, but do not expect similar meteoric increases as bitcoin. Simply put, lesser-known tokens are easy to buy, but difficult to sell.

Before embarking on cryptocurrency, start by studying the value proposition and technological considerations, or commercial strategies listed in the White Paper that accompanies each initial coin offering or ICO.

For those familiar with stocks and stocks, this is no different than an initial public offering or IPO. However, IPOs are issued by companies with tangible assets and business experience. Everything is done in a regulated environment. On the other hand, the ICO is based solely on the idea proposed in the White Paper by a company – which has yet to operate and without assets – seeking funding to start up.

Unregulated, so customers beware

‘What is unknown cannot be regulated’ probably sums up the situation with digital currency. Regulators and regulations are still trying to keep up with cryptocurrencies that are constantly evolving. The golden rule in crypto space is ‘caveat emptor’, let the customer beware.

Some countries keep an open mind by adopting a hands-free policy for cryptocurrencies and blockchain applications, while keeping an eye on open scams. However, there are regulators in other countries who are more concerned with the disadvantages than the advantages of digital money. Regulators generally understand the need to strike a balance and some look to existing securities laws to try to control many types of cryptocurrencies globally.

Digital wallets: the first step

A wallet is necessary to start working with cryptocurrency. Consider electronic banking, but without the protection of the law in the case of virtual currency, so that security is the first and last thought in the crypto space.

The wallets are of the digital type. There are two types of wallets.

  • Internet-related hot wallets that put users at risk of hacking

  • Cold wallets that are not connected to the Internet and are considered safer.

In addition to the two main types of wallets, it should be noted that there are wallets for only one cryptocurrency and others for multiple cryptocurrencies. There is also the option to have a wallet with multiple signatures, somewhat similar to a joint bank account.

The choice of wallet depends on whether the user is interested in bitcoin or ethereum, because each coin has its own wallet, or you can use a third-party wallet that includes security features.

Notes in the wallet

The cryptocurrency wallet has a public and private key with personal transaction records. The public key includes a reference to the account or cryptocurrency address, as opposed to the name required to receive payment by check.

The public key is available for everyone to see, but transactions are confirmed only after verification and validation based on a consensus mechanism relevant to each cryptocurrency.

A private key can be considered a PIN commonly used in e-financial transactions. It follows that the user should never give away a private key to anyone and make backup copies of this data to be stored offline.

It makes sense to have a minimum amount of cryptocurrency in a hot wallet, while a larger amount should be in a cold wallet. Losing a private key is just as good as losing your cryptocurrency! The usual precautions apply to online financial transactions, from having strong passwords to being wary of malware and phishing.

Wallet formats

Different types of wallets are available to suit individual preferences.

  • Third party hardware wallets that must be purchased. These devices work as a USB device that is considered secure and connected only when needed to the Internet.

  • Web-based wallets provided by, for example, crypto exchanges are considered hot wallets that put users at risk.

  • Wallets based on desktop or mobile software are generally available for free and can be provided by coin issuers or third parties.

  • Wallets on paper can be printed with relevant data on cryptocurrency owned with public and private keys in QR code format. They should be kept in a safe place until they are required during a crypto transaction, and copies should be made in the event of an accident such as water damage or printed data that fades over time.

Crypto exchanges and markets

Crypto exchanges are trading platforms for those who are interested in virtual currencies. Other options include websites for direct trade between buyers and sellers, as well as brokers where there is no ‘market’ price, but it is based on a compromise between the parties to the transaction.

So, there are many crypto exchanges located in different countries, but with different standards of security practices and infrastructure. They range from those that allow anonymous registration that only requires email to open an account and start trading. However, there are others that require users to adhere to international authentication, known as Know-Your-Customer, and anti-money laundering measures (AML).

The choice of cryptocurrency exchange depends on the preferences of the users, but anonymous ones may have restrictions on the allowed volume of trading or may be subject to sudden new regulations in the country of the domicile market. Minimum administrative procedures with anonymous registration allow users to start trading quickly, while going through KYC and AML processes will take longer.

All cryptocurrencies must be properly processed and verified, which can take from a few minutes to a few hours, depending on the coins or tokens being performed and the volume of the trade. Scalability is known to be a problem with cryptocurrencies and developers are working on ways to find a solution.

Cryptocurrency exchanges are in two categories.

  • Fiat-cryptocurrency Such exchanges allow the purchase of fiat-cryptocurrency through direct transfers from bank or credit and debit cards, or through ATMs in some countries.

  • Only cryptocurrencies. There are cryptocurrencies that deal only with cryptocurrencies, which means that customers already have to own a cryptocurrency – such as bitcoin or ethereum – to ‘exchange’ for other coins or tokens, based on the market rate

Fees are charged to facilitate the purchase and sale of cryptocurrencies. Users should do a survey to be satisfied with the infrastructure and security measures, as well as to determine the fees that suit them given the different rates charged by the various stock exchanges.

Don’t expect the usual market price for the same cryptocurrency with exchange differences. It might be worth spending time researching the best price of coins and tokens that interest you.

Financial transactions online carry risks and users should heed warnings such as two-factor authentication or 2-FA, keep abreast of the latest security measures and be aware of phishing scams. One golden rule for identity theft is not to click on the links provided, no matter how authentic the message or email is.