Make your cryptocurrency transactions 100% safe and secure
As many people are suffering from Bitcoin fever these days, more cryptocurrency exchanges are being created frequently. You cannot simply visit any online exchange and start trading with bitcoins or other cryptocurrencies. Do you know why? Some of them may be a scam and they will simply walk away with your money. Also, there is always the risk of hacking or other fraudulent activity by using your credit card information.Before you start investing your money in cryptocurrencies, you need to have two things that are given below:
- Wallet - A cryptocurrency wallet is somewhat similar to your traditional bank account as both are used for storing your currencies.It can be either a software wallet or a hardware version. You need to do good research to find out whether the wallet is 100% secure. Because you may lose your bitcoins or other cryptocurrencies if the information can be stolen by professional hackers.
- Exchange - Typically, a cryptocurrency exchange is a website where you can buy or sell cryptocurrencies by exchanging Fiat currencies like USD or with other cryptocurrencies.
Even though, cryptocurrency transactions are anonymous you cannot acquire a wallet without providing your personal information like credit/debit card, bank account etc. Many wallets expect you to provide some kind of ID proof also. Check out the below points before choosing a cryptocurrency exchange.
- Multiple payment methods - Find out the list of all payment methods supported by the exchange. Credit/debit card, wire transfer, PayPal, Skrill are the widely used payment services all over the world. If the exchange provides only limited options, then it will be difficult for you to make quick transactions.
- Security – You need to know about the security measures that are taken by the exchange to protect the integrity of your data as well as your cryptocurrencies.
- Customer reviews - Do a little bit of research online and read the customer reviews of the exchange you have chosen. If the star rating of the exchange is more than 3, then the exchange is reasonably doing well.
- Fees – Don’t go for exchanges which charges more amount as transaction
- Support - Many exchanges don't offer 24/7 customer support and taking a long time to resolve the issues. Find out what kind of support is provided by your exchange.
By taking into consideration of all the above points, a new blockchain based platform named CoinMetro is being developed which has all the essential features that are given below.
- Security: CoinMetro offers a variety of options like Two-factor authentication, Multi-signature transactions (BitGo) and Biometric authorization.
- Storage: Cryptocurrency assets are stored in cold storage wallets which are located in various geographical locations. The Internet is forbidden in these places to prevent attacks by hackers.
- Support: CoinMetro provides a 24/7 customer support to resolve any issues and for answering queries related to the platform.
Visit the link https://coinmetro.com/whitepaper/ to learn more information about the CoinMetro platform in detail. To access the services of CoinMetro, you need to hold their proprietary token named COIN which can be bought during the token sale event of the company. Check out https://coinmetro.com/ to get the latest information about the pricing, availability, and sale of COINs.
I recommend this project, I have studied about it these days and it seems pretty serious. For me, the best part to gain my trust when investing is the fact that CoinMetro provides a 24/7 customer support. In my trading experience, the lack of support you get form other projects could lead to a huge risk factor, 'cause many times you need the support and you realize the platform is down of your tickets are not answered by days or weeks. The idea of having someone there when needed show more that appliance in real world, show that the team want to gain trust and involve real investors in real time. Thanks for sharing!
Deal in cash never give your correct name ;)
Purse cryptocorres is a reasonably reliable place to store your investments or to save your funds in a safe place. Personally, I use a credit card to refill the account, because I consider this method to be fast and reliable, but different people have their own preferences.
But if you want to get a lot of advantages in one place then the new blockbased platform called CoinMetro has all these characteristics. All this includes reliability, security, excellent technical support. Personally, I recomnet this platform to use, because I see all its advantages, and I like it.
thanks for the info
Thanks @frank1in !
good
Great tip for a new ICO - CoinMetro
What price of ETH would be used to compute the final number of coins that will be received by whitelisted people who already sent their contributions? Would it be the price of ETH during the time that the whitelist closes?
For those contributors that have been whitelisted on the 0.03 EUR pricing tier we have pegged the initial contribution amounts to the rate that was available as of December 16th at 11AM UTC.
Thank you!
Very nice post,you have to try!
You got a 20.17% upvote from @postpromoter courtesy of @danizaharie!
What a great idea. Even though in decentralized world where the idea of cutting the middle man out of an exchange such as the bank, the cost of transactions, for instance in bitcoin has risen dramatically. No real savings to exclude an unbias middle man to help with the exchange.
I personally have been through a lot of anxious moments when my transactions took longer to confirm. It is not right that one time transaction takes a day while another takes a week. Note I have only started crypto for 4 months. I can only imagine how people fell who been using cryptos for years. Esp. bitcoin. With a helping hand to guide me it would make crypto in general safer and much more acceptable. Thanks.
Yeah, the blockchain is overload often. We didn't think to so quickly adoption, but there are many smart guys that can solve this.
Good article thanks, hopefully my ledger Nani s will arrive today. Cheers mike
With Coinbase and their recent drop in popularity and trust, this new exchange/wallet would be welcome. The sooner it is available the better.
Thank you. I learned a lot about the post, especially the things that need cryptocurrency, the wallet and the exchange of them are very important, with all the many payment method, all the security that is needed. Everything is the way you described it in the post. I really liked it and I was cautious. Next time I will be careful in the transaction thank you. @danizaharie
Totally agreed! The problem is that people that don't come from the "Internet Generation" and see the growth of Bitcoin and think they'll get rich fast by investing in Bitcoin or other cryptocurrencies, ARE MAKING TOO MANY NAIVE MISTAKES.
I saw a Facebook post of someone who used Blockchain.info as a wallet, and logged in from Google, and he clicked on a phishing link ( He didn't even know what phishing means ) and he lost 5,000 dollars.
I have much more examples sadly. Thanks for your advice for security and I would totally recommend people to use coinmetro.
I am really really happy to get this information.now i can take my right decision to transfer currency .thanks for sharing this information @danizaharie