So what is the correct information, what is the truth about Binance exchange, which country, is it safe… will be informed and evaluated by FPTwaze below.

What is Binance exchange?

Binance exchange, also known as Binance.com exchange, is a cryptocurrency exchange. People can buy and sell cryptocurrencies in minutes without going through any broker. This is currently the exchange that owns the most popular, potential and reputable cryptocurrencies in the world.

Binance exchange launched in 2017, now has more than 1000 daily visitors on the website platform. Founded in Shanghai, China by Changpeng Zhao – CEO of Beiji Technology, by 2018 this is considered the largest cryptocurrency exchange in the world.

Which country is Binance exchange from?

As mentioned above, Binance exchange was founded in China by Changpeng Zao or he is called CZ. So it can be said that this exchange originated in China, but at that time virtual currency operations in this country were very strict, so it was transferred to Japan, a country that loves digital currencies.

Before Binance opened the exchange, they raised money through an initial coin offering (ICO). To date, from opening the exchange to 2018, Binance has averaged over $1 billion in daily transactions.

When was Binance founded?

Binance was officially established in 2017, in Shanghai – China by Changpeng Zhao – CEO of Beiji Techonology.

Despite a short time, Binance exchange has developed at a fast speed, becoming the world’s leading virtual currency exchange in terms of trading volume and number of registered accounts.

How does Binance exchange work?

People can access the website of this exchange, which is not only a cryptocurrency interface product but also a lot of other activities, but the most focused is still trading virtual currency.

People will open an account on the exchange and then add money to an electric wallet or transfer money to buy their own coins. The exchange side will convert your fiat money into electronic money, everyone will own the coin instead of fiat.

Trading method on Binance exchange

People will have the following investment options:

• Trade with Spot: Trade over 740 crypto and fiat currency pairs, including Bitcoin, Ethereum, and BNB on Binance Spot.
• Trade Futures with leverage up to 125x
• Send crypto money and get interest
• Increase rewards when mining cryptocurrency with Binance Pool: Increase income for those who are longtime investors, VIP of the exchange

People will proceed to buy cryptocurrencies on the exchange, in the list of cryptocurrencies that the exchange has available. People can use their credit/debit card to purchase cryptocurrency, and then transact using the options we’ve outlined above, depending on each person’s needs.

Everyone only needs to open an account on the exchange, which includes a complicated ekyc verification process and takes time to identify the account. After being successfully identified, everyone can completely top up and buy cryptocurrencies, then trade.

What is BNB?

BNB stands for Binance cryptocurrency issued by Binance.com for the purpose of:

• Payment of transaction fees on the Binance exchange: People buy this currency with Fiat currency, then the exchange will convert it to BNB and investors use BNB to buy other cryptocurrencies.
• Used in token sales held on Binance Launchpa

Convert according to the value of cryptocurrency you buy at the time of purchase: For example, 1 ETH for 2,700 BNB, or 1 BTC for 20,000 BNB

Binance’s Ecosystem Grows

Binance US

Binance US is a version of a virtual currency exchange that is only available to US citizens. This is the difference compared to other virtual currency exchanges, Binance builds 2 different systems to serve 2 target groups. Basically, the trading features or services of Binance US are similar to those of Binance, but it is specific to the characteristics of the US market.

Binance P2P – Binance.com

Binance – Binance.com is the currently exchange supported on the worldwide except in the United States. Binance P2P is a peer-to-peer exchange that allows people to trade directly between investors or traders, and Binance is just an intermediary.

Binance Dex

Unlike Binance.com, Binance DEX is a decentralized exchange developed by Binance for the purpose of developing features better than Binance and ensuring the security of the decentralized platform through which investors can fully manage private keys, funds and transactions directly from Trust Wallet.

Binance chain

Binance Chain is a system built to support those who want to create their own Blockchain to shorten the time and cost of technology development. Support for programmers to improve work efficiency due to cross-chain communication.
Currently, Binance Smartchain has been developed and gradually replaced with more outstanding advantages than Binance Chain.

Binance Launchpad

Binance Launchpad is a system created by Binance for the purpose of supporting Blockchain investment. The system is built to promote the development of blockchain in the form of investment funds, cryptocurrencies and decentralized websites by supporting potential projects in the industry.

Binance Pool

Binance Pool is developed by Binance to build for ETH miners that support fast and efficient mining by FPPS mining method and only charge Ethereum mining participation fee of 0.5%.

Binance Labs

Similar to Binance Lauchapad, the Binance Labs system is also developed to support investment investment funding for cryptocurrencies in the world.

Binance Futures

Binance Futures is a platform that issues cryptocurrency futures contracts, thus allowing investors to place orders based on a prediction of a possible coin’s price while not needing to own that cryptocurrency at a certain period of time.

Which coins does Binance support?

Currently you can trade with more than 500 different cryptocurrencies on the Binance exchange, but the Binance exchange currently only officially supports the following 6 basic coins to support conversion, payment…

1. Bitcoin – BTC
2. EOS
3. Ethereum – ETH
4. Binance Coin – BNB: Coin issued by Binance
5. Binance USD (BUSD) – is the own stablecoin issued by Binance exchange
6. Tether – USDT

Review of Binance exchange

Advantages and Disadvantages of the Binance product

About Binance Cryptocurrencies

This is the exchange that can be said to have the largest number of coins on the market, everyone has more than 400 different coins, and of course the coins on the exchange are all potential, popular transactions like Bitcoin, ETH, ETC, IOTA, LINK, KNC, WTC…

Besides, this is the fastest exchange to list new coins, only after the OTC ends. The coins are well researched and well researched and listed on the exchange.

About transaction costs

Trading costs on Binance.com are considered to be low, creating the most favorable conditions. When trading crypto with cryptocurrency, people only lose 0.1% / transaction only. This is a fee that few exchanges can reach. Deposits are also completely free, but withdrawals are subject to a fee and it depends on the withdrawing banks.

About trading volume

If your regular exchanges are limited when placing orders and the network is congested when trading, for Binance people don’t need to worry. Everyone will be able to buy potential coins even though a lot of other people are also buying.
The technology that powers Binance can handle up to 1.4 million transactions per second. With that processing speed, people don’t need to worry too much about their slowness, nor do they need to hold orders.

About security

With a large exchange like Binance, security is very important, a virtual currency exchange, of course, how much money is in the account, how the transaction must be well secured. And there was a time when this exchange was tried by many other objects to hack but failed.
Currently, the security level of Binance can be at the top, with authentication – 2FA when registering an account. You will receive a security code to confirm your login to your phone, then enter this code at the website to make transactions.

Is Binance exchange reputable?

With the above 2FA factor, this is a way for people to make transactions quick and safe. This is a large exchange that has more than 1000 accesses every day, so make sure to make sure it’s safe. There are many types of cryptocurrencies and e-wallets on it, so it is imperative that the property management board ensure it.
This is a long-term trading platform, has a lot of experience in operation and is highly appreciated by many foreign exchanges.

For example, Coinmarketcap.com ranked Binance at the top of the best cryptocurrency rankings, with 9.8/10 points.

Deposit and withdraw money

The disadvantage of this exchange is that it can only use virtual money. If you put money on the exchange, you have to buy the company’s virtual currency and then convert it into a cryptocurrency bought on the exchange, but there is no support for depositing and withdrawing Fiat money like many other exchanges currently support.

Instruction & trading knowledge system

The exchange has very few documents to support investors when participating in the market, so we think this is a floor that will be difficult for newcomers to invest. The documentation is very limited, so it is quite difficult for everyone to invest, in addition to the online support system, the exchange’s phone is also slow.

Binance App Review

App Binance is the supported mobile app. Currently with Binance supports trading with many different platforms:

• Binance PC
• Binance iOs
• Binance Android

And we found the Binance app to be one of the most useful and flexible apps we’ve seen. Because only with the design on the phone can help users:

• Manage all your transactions
• Trade with orders
• Extremely good security and safety

There are many superior features, more prominent than the PC version.

How to register a trading account on Binance exchange

To register an account, people can register on the exchange via the website of Binance.com or download the application to their phone to register.

•  First of all, people visit the website: binance.com, in the language section, choose your language to make registration faster.
• Then select “Register” on the homepage interface, or go to the following link to enter the registration page directly: https://www.binance.com/en/register
• Finally, you need to confirm your email address, enter the confirmation code sent to everyone’s registered email.

When you log in for the first time, a message will ask if you want to set up two-factor authentication. Everyone should set up 2-factor security to better protect for their trading accounts.

Instructions for using Binance exchange for newbies

Please pay attention to the instructions below to better understand how it works on the Binance exchange.

How to KYC Binance Account

After opening a trading account, everyone needs to understand that they need to verify their account to ensure faster deposit and withdrawal. Follow these instructions:

•  Login to your Binance account, go to the personal account icon on the right corner of the screen
• Then select Indentification and then Select Settings => Basic Info Basic.

Here will ask people to do basic verification (use ID card to do) => Upload photo of ID card sides as required from Binance

• Address Verification: Use Driver’s License to verify
• Bank account verification
• Finally will ask for your portrait to finish the KYC

The Binance side will not verify immediately, but it will take time, so everyone waits for the announcement from the exchange about this identification activity.

How to deposit to Binance

Funding a trading account is quite simple these days, and this is the fastest cryptocurrency exchange where you can deposit with crypto or fiat money.
Make a quick deposit by following the instructions:

• Everyone login to their Binance account
• Then select the Wallet item, then select Deposit
• On the top-up section, there are 2 options: Crypto and Fiat (depending on the recharge needs, people can choose the appropriate deposit channel)
• In case of e-money deposit, select the coin you want to top up, select the deposit wallet or deposit address
• In case of depositing Fiat money, full information about the bank account to be deducted (this account has been verified) is required.

How to withdraw from Binance

Withdrawal is as simple as that, but it takes longer for the money to be withdrawn from the account than it is to deposit. The withdrawal is quick on whether you have verified the account before or not.

Similar to deposit, Binance supports withdrawal of cryptocurrencies and Fiat money, everyone chooses the appropriate method they want to use. The steps are like depositing money, you just need to choose the withdrawal order.

Note 2 things when withdrawing money:

• Withdrawal fee will depend on withdrawal amount and type of withdrawal currency
• Verify your account and bank account before making a withdrawal to a certain bank account in the country

How to calculate trading fees on Binance

The transaction fee at Binance is quite reasonable, and considered to be lower than other virtual currency exchanges in the world.
Flexible fees without fixed regulations:

• Flexible transaction fee according to the amount of transaction amount per month
• Your spot trading fee: 25% Off
• USDⓈ-M Contract Transaction Fee: 10% Off

For deposit and withdrawal fees are specified for each different currency. People just need to look up the fee schedule on the Binance exchange for a specific fee. A special feature is that Binance will adjust fees according to market fluctuations, not fixed despite competition and changes from the virtual currency market.

How to view transaction history on Binance

If you need to check the transaction history that you have made before to summarize the investment process, you can see the following instructions:

• Log in to everyone’s Binance account
• Then go to “Exchange” => Select Basic
• Then the interface about everyone’s trading floor appears
• Then drag the mouse pointer to the bottom of that interface page, then look at Order history or transaction history
• Everyone’s transaction history is clearly displayed for lookup, if you want to see clearly, click on it to see the details of that transaction.

How to trade on Binance exchange

To be able to trade coins well, people need to learn about the following issues that we mention:

• Binance exchange coin trading interface
• The interface is extremely simple, people just need to log in to their account, select “Exchange” and select “Simple” and the implementation interface

How to place trade orders on Binance

You will have commands to do the following:

Limit order – limit order:

• People place orders to choose a trading currency pair, then select Limit
• Set the price and quantity according to your buying and selling needs

Market order

• Select trading currency pair, select Market
• Then select Price and total quantity you want to buy/sell

Stop – Limit order

• Select the currency pair you want to trade
• Then select the “Stop – Limit” command.
• Setup: Stop price – Stop, Limit price and trade execution quantity

People can choose to trade without margin or with margin. If the investment capital is small, you can choose margin x3 or Isolated x10.

The most effective way to trade coins on Binance

To be able to be highly effective in virtual currency investment, people need to better understand the transactions they will make.
Know whether to use a surf or long-term strategy that is appropriate at all times.

Trading Binance Demo

If you are looking for a way to demo trading, then exactly, Binance does not support demo accounts, but there is a platform for everyone to trade before entering this market that can apply it is Binance. Futures.
The Futures platform is to support the trading of virtual currency futures contracts, through which people trade and better understand the virtual currency market. From that transaction can be applied to the main investment on the P2P exchange Binance.

Choosing potential investment coins

The exchange supports more than 500 different coins, choosing a suitable coin for investment is not easy. Because people choose wrong, investing in the future is not effective, but also brings great risks.
Before choosing a coin to buy, consider:

• The origin of that virtual currency
• Is the intended use of that virtual currency feasible?
• The market capitalization of that coin
• The motivations as well as the forces behind each coin
• Price chart, its price history

For new coins on Binance or about to go on Binace, it is quite attractive to many people because of its low price but potentially risky because there is not much information. So if you have a need, you should get advice from an advisor or research carefully on the relevant indicators for that currency.

Learn fundamental and technical analysis

With any form of investment such as stocks, Forex, Forex gold … or virtual money, it is for those with knowledge. You may be lucky once, but that doesn’t mean you will be lucky forever.
One of the knowledge that any trader participating in the trading market needs to learn is:

• Fundamental analysis: Those are all factors affecting the virtual currency market such as economy, politics, currency, news…”=> Meeting the needs of trading coins for long-term investments”
• Technical analysis: Based on newspapers, charts, news, events, market data => Provide long-term investment trends “=> Necessary for those who trade coins surfing”

Learning these techniques is not easy, it takes a long time as well as real combat experience, so you should spend time and money to pay the price.

Common mistakes of Binance exchange

Binance system maintenance

Binance is a large operating exchange, with more than 13.5 million trading accounts, so it is imperative to maintain the system to ensure the best features and services.
The maintenance of the Binance exchange is done quite often, but will be announced in advance so that it does not affect people’s transactions directly.

Binance has a login error

Binance has a common error that is a login error, so when people try to log in sometimes they can’t access their accounts. This error may be due to the large number of visitors at one time. Everyone can do the login at a later time.
If you can’t log in, you may have made the wrong password or username, so please try to double check your login information.

Binance crashed, hacked

Many people are curious about whether or not the Binance exchange will crash in the future. Then the answer is yes or no, because nothing is forever, not to mention that Binance is a virtual currency exchange – The market is not yet fully approved by governments.
There is also a case of being hacked, sometimes your small mistake causes your account to be hacked. So be careful in all cases when making transactions on the Internet platform.

Does Binance defraud?

Binance is considered the most prestigious and leading exchange in the world today, with a huge number of investments every year. So, in terms of this exchange, people can invest more safely than many other exchanges.
Basic information about the Binance exchange:

• Have an operating license
• Have clear origin information tin
• Contact information system, full address on the website
• The exchange is chosen by many investors and highly appreciated

And so far this is the exchange that has no information on the problem of fraud, especially the exchange also supports recovering and taking back the lost accounts and money for investors quickly.

However, investing in virtual money is an investment channel with a lot of profit but also a lot of risks, so investors themselves should know this and be prepared to be psychologically able to win big but also lose everything.
Here are the websites that Biance.com requires people to stay away from, and are not official Bianance pages:

The above is the information about the Binance exchange that everyone should learn, everyone is confused about which exchange to choose. Although the Binance exchange is rated and reputable, everyone should equip themselves with knowledge about the economy, market and virtual currency to be able to make better investment judgments.

The post What is Binance Exchange? Review and How to invest in 2021 appeared first on FPTwaze.

So is Ethereum special that can be compared with BTC? Why is it the second largest cryptocurrency on CoinMarketCap after Bitcoin?

How is it different from Bitcoin? Should we invest in this property or not?…

In this article, fptwaze.com will bring you all about Ethereum. Let’s see the article together!

General

What is Ethereum (ETH)?

Ethereum is a blockchain distributed computing platform running on Blockchain technology, through the use of smart contract functionality.

Ethereum can perform transactions, peer-to-peer network contracts through the cryptocurrency unit Ether (ETH).
Not only that, they are also considered a useful application platform and create their own distributed financial ecosystem.
Ethereum was introduced end of 2013 by Vitalik Buterin, with the desire to create a coin that overcomes the shortcomings of Bitcoin.

And with the above “mission”, the capitalization of ETH has reached 25 million USD in the first sale.
According to the initial development roadmap, Ethereum will go through four important stages, including:

• Frontier
• Homestead
• Metropolis
• Serenity

As of December 2019, Ethereum has completed 3 phases and is about to enter phase 4.
However, there is an important change in this fourth phase when it is renamed to Ethereum 2.0.

What is Ethereum 2.0?

Ethereum 2.0 is also known as Serentity. This is a common name for several major Ethereum updates.
This update will solve Blockchain’s impossible trinity: security, network scalability, decentralization.

Ethereum 2.0 Chain

The main way to solve these 3 matters:

• Beacon Chain
• Proof of Stake (PoS)
• Sharding
• eWASM

Beacon Chain

Beacon chain is the core of Ethereum 2.0. This chain will run in parallel and cross-link between Main chain and Shard Chain.

Proof of Stake (PoS)

PoS is a consensus mechanism that will replace the current mechanism, PoW (Proof of Work). The conversion will be through a hybrid PoS and PoW consensus mechanism – the Casper Friendly Finality Gadget (FFG).

You can roughly understand that the value and system of Ethereum will no longer depend much on mines and miners.
So the system will get stronger and stronger and will no longer be influenced or dominated by miners.
Normally, an Ethereum transaction needs a miner to confirm, otherwise the transaction will fail.

Sharding

Sharding is a method of scaling transaction throughput on-chain. The method is implemented by splitting the large database into small databases.

Small chunks of data are called ‘shard’.

eWASM

Ethereum-flavored WebAssembly (eWASM) is a limited subset of WebAssembly(Wasm) used for futures contracts.
Each shard will include 1 eWASM equivalent to the Ethereum virtual machine.

Currently, there is no developer consensus for an EVM replacement. But the developer will have a plan.

How many stages to complete ETH 2.0?

To complete ETH 2.0, we need to go through 3 stages, including:

• Stage 0
• Stage 1
• Stage 2

Stage 0

The first Stage is the launch of Beacon Chain which will implement PoS on-chain. In this phase will also launch an asset class on the Beacon chain.

This asset class is called Beacon ether (BETH). BETH is considered as the authentic reward used to pay rewards to Staking people.

In addition, you can also own BETH by using ETH to buy. Each ETH will be equal to 1 Beacon ether.
This stage does not yet support sharding, smart contracts and asset transfer. So you won’t be able to withdraw BETH until sharding is possible in stage 2.

Stage 1

The next stage will shift focus to Shard Chain. Sharding breaks down state information into ‘shards’ to achieve scalability goals and improve network speed.

Stage 2

Stage 2 is considered Serenity’s final stage as it completes its base class upgrade, and this stage is set to happen sometime around 2021.

During this stage, the shard chain will transition to a structured chain state that supports smart contracts and asset transfers.

What stage of ETH 2.0 are we at?

As shared by Vitalik at the 2049 Token Conference held in March 2019, we have not yet entered any stage of ETH 2.0 (as of December 2019).

In the meantime, the Ethereum development team is finalizing the specifications. After that was the launch of the testnet and for some large companies to test the POS system.

However, according to Vitalik, the above stages can work in tandem without having to be in order.

Project’s competitors

Ethereum was once considered Bitcoin 2.0, but the success only stopped at the smart contract platform.
Although it is still the leader in smart contract platforms in terms of market capitalization, its influence is still small.
But the project competes with the one created to improve the limitations of the platform. Some of the names that can be mentioned are:

•  Eos (EOS)
•  Stellar (XLM)
•  Cardano (ADA)
•  NEO (NEO)
•  Tron (TRX)
•  Cosmos (ATOM)

Nearly 60% of dapps run on the Ethereum network, 17% on EOS, 17% on Tron – according to DappRada. But top 10 new dapps released on January 6, 2020, Ethereum accounts for 40% and Tron 40%.

How does Ethereum work?

The Ethereum blockchain is essentially a transaction-based state recorder. In computer science, a state machine refers to something that will read a series of inputs and, based on those inputs, will transition to a new state.

The state of Ethereum has millions of transactions. These transactions are grouped into blocks. A block contains a series of transactions and each block is connected to the previous block.

To make a transition from one state to the next, the transaction must be valid. For a transaction to be considered valid, it must go through a confirmation process known as mining. Mining is when a group of nodes (i.e. computers) use their computational resources to generate a block of valid transactions.

The process of validating each block by having a miner provide a mathematical proof is known as proof of work.
A miner who confirms a new block is rewarded with a certain amount of value for doing this work. That value is: The Ethereum blockchain uses an intrinsic digital token called Ether. Every time a miner proves a block, a new Ether token is generated and rewarded.

Client and node

The Ethereum network is made up of multiple nodes, each running compatible client software. There are two clients used by most nodes: Geth (written in Go) and Parity (written in Rust).

Application built on Ethereum

There are different types of applications that can be built on Ethereum. I will list for you the highlights including:

• Decentralized Finance (Defi)
• Decentralized Exchange (DEX)
• Decentralized Applications (Dapps)
  …

Decentralized Finance (Defi) and Ethereum

Summary
In the existing system all financial services are controlled by an intermediary. Whether it’s transferring money, buying property, or making a loan, you must go through an intermediary that charges a rental fee to mediate financial transactions.

Ethereum-based financial services, on the other hand, connect individuals peer-to-peer and allow them to access assets more easily and at a more affordable cost.

Decentralized Finance Application on Ethereum
Ethereum is currently the platform with the most active defi applications. This section is probably also the applications you use the most, so I will list it first:

• Stablecoins: Simply understandin that they are cryptocurrencies designed to minimize the impact of price fluctuations. The fiat-backed cryptocurrency is the most popular and the first stablecoin on the market.
• Coinbase Wallet: A multi-currency wallet, Coinbase Wallet also provides access to Decentralized Web Applications (dApps) powered by Ethereum smart contracts.
• Huobi Wallet: Multi-currency wallet, dApps browser and staking as a service for PoS networks.
• MyEtherWallet: Free, open source, client-side interface for creating Ethereum wallets and interacting with dApps.
  Trust Wallet: Versatile crypto wallet for storing BEP2, ERC20 and ERC721 tokens.

These are the apps that people use the most. In addition, it is possible to list the applications of ethereum with Defi such as: Lending, investment, Payment, insurance, prediction market, …

Decentralized Exchange (DEX) and Ethereum

Summary
This form of understanding cuts the risk of asset hacks and many other risks.
The form of decentralized exchange can be mentioned as: Peer-to-peer network, … Along with the peer-to-peer network in addition to the decentralized application dapp, this is where users interact with smart contract.
There is a very hot peer-to-peer trading platform called binance P2P.

Decentralized Applications (Dapps)
Decentralized dapp with peer-to-peer network, this is where users interact with smart contracts. This section is the part I expanded to list more for you who are just starting to use Ethereum, which can be easily accessed:

What makes Ethereum dapps different

Applications built on Ethereum (dapps) can do things that regular applications cannot:
Create new currencies and digital assets.
Web applications are unstoppable and uncontrollable.
Build decentralized organizations, jointly managed assets or virtual worlds.
Dapps on Ethereum are web applications powered by Ethereum smart contracts. Instead of using a centralized server or database, these applications rely on blockchain as a backend for mathematical logic and program storage.
This leads to unstoppable potential uses: Anyone can deploy a clone and freely connect it to the public Ethereum network.

Ethereum Apps You Might Be Using

Here is a list of Ethereum dapps you can use right now. Most are available to download for free through the Apple or Google Play stores or directly through their websites as demos, betas, or full releases.
Browsers, wallets and utilities:

• MetaMask: A browser plug-in that connects your device to the Ethereum network.
• Status: Ethereum mobile browser with token wallet, chat and dapp portal.
• Brave: A web and mobile browser integrated with BAT and ERC-20 tokens.
• Opera: Dapp browser with built-in Ethereum wallet.
• Ethereum Name Service: A utility for creating personalized and simple ETH wallet addresses.
• Civic: Identity security and data management on blockchain.
• Alethio: Ethereum network analytics platform.

Other applications

In addition to wallets, websites or gadgets. The application of ethereum also spans many other fields such as: Platform, market, Social network, game, …
Some examples for you to study are as follows:

• IDEX: A decentralized exchange with real-time trading and high transaction throughput.
• ForkDelta: A Decentralized Ethereum Token Exchange

Decentralized Ethereum Platform Review

Advantages

Third parties cannot make any changes to the data.
Applications rely on a network formed around the principle of consensus, making censorship impossible.
Applications are well protected against hacking attacks and fraudulent activity.
The app never stops working and can never be shut down.

Disadvangtes

Although it shows many benefits by decentralized applications. But besides that, we need to consider the following disadvantages:

Smart contract code is written by humans, so it’s mostly only good for the people who write them. Code or oversight errors can lead to unintended adverse actions. If a bug in the code is exploited, the mining can be stopped apart from getting network consensus and having to rewrite the code.

This goes against the nature of blockchain which is immutable. That is, no one can interfere with the data inside the blockchain

Value of Ethereum

The mining source of the miners determines the value of the ETH coin. Because this is a relatively young platform, often fluctuating in price, many people think that they are of little value and should not be invested.

But if you are a person who learns and follows ETH closely, you will realize that it offers many opportunities for investors.
Ethereum is an open market that allows users to easily participate in buying and selling, exchanging with cash or Bitcoin through exchanges or between groups, organizations, and individuals.

Especially in 2017 and 2018, Ethereum is the vehicle that helps many companies raise capital such as EOS, IOTA, etc.
In addition, in 2019, Ethereum still holds the 2nd position, but is no longer a HOT channel to raise capital and is gradually being replaced by other channels.

Maybe they will use Bitcoin, Binance Coin or Exchange Coins to raise capital. Therefore, the value of ETH will be changed, although the future is unknown.

So, remember to update the latest news from fptwaze before making an investment decision!

Why does Ethereum not have a maximum supply?

Unlike Bitcoin, ETH has absolutely no supply limit. Why is that so? Will this have any effect on the price of ETH? In the future, will the supply of ETH be capped?

According to the development team, Ethereum will not have a limited supply. Because the team doesn’t trust the same development path as Bitcoin.

For Bitcoin (built on the Proof Of Work algorithm), for the network to be safe, miners need to work (create blocks).
In return, miners will be rewarded with BTC and transaction fees for successful mining. However, the reward budget is not permanent as the total supply of Bitcoin is only 21 million  BTC.

When 21 million BTC is mined, the reward for them is only transaction fees. At that time, there was no guarantee that miners would continue to work to secure the network.

That is why Vitalik Buterin realizes that building ETH on the Proof Of Work algorithm and having a limited supply is not a wise move.And the Ethereum 2.0 project was born which started with the hardfork of Istanbul.

Ways to Earn Ethereum

Dig yourself or join mining groups

To mine ETH is a process of competing to solve a problem of miners. On average, every 10 minutes, there will be one or a group of people who solve this problem and receive the corresponding amount of ETH.

However, the issue of investing in mining money and electricity is something that needs to be carefully considered if you want to become a miner.

So you can find mining groups or pool capital with friends. In addition, you can also buy a digger yourself.
But, this form to payback capital, you need a lot of time and effort.

Invest money to buy Ethereum

In addition to becoming a miner, you can spend money to buy ETH to own them. You can buy from friends (if any) or go to reputable ETH trading sites.

Become an ETH trader

This method is called “Surf investing”. Because the ETH price is often volatile and there are times when the difference is up to several tens/hundreds of USD in a short time.

So many people rely on this time, take time to research, choose the right time to buy ETH at a low price and then sell it at a high price.

Should you invest in Ethereum or not?

Whether or not to invest in ETH depends on each person’s point of view. In essence, you invest in this cryptocurrency just like you buy gold or play stocks.

If you know how to choose the right time to invest, the possibility of profit is very high; because the price of ETH is often volatile, similar to Bitcoin.

However, more and more countries are accepting Ethereum as a valid form of payment, even more so than Bitcoin.
Most countries do not accept Bitcoin because the management and security are not completely secure.
But with Ethereum, the developers have solved that problem, helping to ensure that transactions are safe and avoid being hacked.

The market for Ethereum is growing stronger and stronger. From a market capitalization of $25 million in 2014.
Until now, the capitalization of ETH has grown to over $15.5 billion. For a fast-growing market like Ethereum, investing in ETH seems like a very profitable opportunity.

In addition, you should regularly update news about this coin if you have a direction to invest it. Because important news in the world is a factor that directly affects the price of any coin.

Which wallet is safe to store Ethereum in?

Before buying Ethereum, what you need to do is create a wallet address (Wallet) to store your Ethereum.
So which wallet is safest and easiest for new investors to use? You can use “Online/hot wallet” or “Offline/cold wallet” depending on your needs.

If you often buy and sell, you should use a hot wallet, and if you plan to hold for a few months or a few years, you should use a cold wallet.

Hot wallets are web-based wallet platforms. Some of the most popular and widely used wallets are Blockchain.com, CoinBase or MyEtherWallet. In particular, MyEtherWallet is a specialized wallet to store tokens running on the Ethereum platform (ERC20).

Cold wallets are software wallets or USB wallets (shaped like a USB), such as Ledger Nano S, ledger nano X or Trezor.
However, one thing to keep in mind is that cold wallets are always safer than hot wallets.

Conclusions

So FPTwaze shared with readers the article “What is Ethereum? Should we invest in Ethereum or not?
We hope this article will bring you useful knowledge. If you have any questions, please comment below.
FPTwaze will answer for you as soon as possible.

The post What is Ethereum? The most detailed explanation of ETH appeared first on FPTwaze.

If you intend to invest or simply find out what it is, the “neighbors” talk about it so much!
Then this is the right article for you.
Now, let’s find out together with FPTwaze!

What is Bitcoin?

Bitcoin (symbol BTC, XBT) is called by its father as “A Peer-to-Peer Electronic Cash System”. That is, a peer-to-peer electronic money system.
BTC is a cryptocurrency, also known as a digital currency (cryptocurrency, virtual currency)
From a user’s perspective, it is quite similar to the currencies on electronic wallets… that people often use.
But its difference is decentralization. Let’s see how the details are to be better understood!

How is BTC different from regular money?

Before talking about what are the differences between them, let’s talk about the common point first. The common point between these two currencies is that they can be paid and transferred between parties. Just that simple!
Then what’s the different point? Compared to fiat currencies like EUR or even USD, they are usually controlled by the government or central bank.
But for BTC, no one can control it. This is what makes it so special.
In addition, it does not exist in the form of coins, paper or polymer like ordinary money that people use. It exists entirely in digital form.

 Who created bitcoin?

Bitcoin was created by an individual (or organization) but did not want to reveal his identity, so he took the name Satoshi Nakamoto.
Hearing the name will make us think this is a Japanese person. But many people believe that this is not an individual from Japan but Elon Musk.
For those who do not know, Elon Musk is the founder of SpaceX, co-founder of PayPal and Tesla Motors.
But most of the people the community considers Satoshi are denied. Only Craig Wright – Australian scientist and businessman identifies himself as Satoshi Nakamoto.
Because he claimed to be the creator of Bitcoin but could not prove it, C.W was named “Faketoshi” by the community.
Until this day, the identity of Satoshi Nakamoto is just a big question.

How was Bitcoin born?

In 2008, the world financial crisis occurred due to the US real estate bubble. Followed by Lehman Brothers – the 4th largest investment bank in the United States declared bankruptcy with a debt of $ 619 billion.
The US and world economies is wobble. A series of consequences such as unemployment, bankruptcy, …
Doubts about the traditional banking system arise from here. At the time, the domain bitcoin.org was registered on August 18, 2008.
On October 31, 2008, the Bitcoin Whitepaper was released by Satoshi Nakamoto.
January 3, 2009 Genesis Block – the first block on the Bitcoin Blockchain was born. For the first time, a currency that was not controlled by a government or a central bank was born.

How does Bitcoin work?

Bitcoin works on Blockchain technology. This technology allows you to transact without having to go through a third party.
Blockchain provides a ledger. It contains all transactions on the network.
When you make a transaction, it is first validated by the Miner. The miner here is actually a computer.
This machine does the verification for transactions. In return they will receive the usual part of BTC.
Then, if there isn’t any fraud, your transaction will be added to this ledger. That means your money transfer is successful.

For example:
You have a relative in the UK. If they want to send you money, they will have to go to the bank or transfer it to your VISA card or an online payment gateway.
In general, they have to go through an intermediary and pay a fee. It may take several hours or even days for the funds to be transferred to you.
When the

money has passed, you have to go to the bank to wait for the withdrawal procedures or go to the ATM to withdraw. This process takes a lot of time, effort and money.
Moreover, you and your loved ones are choosing to trust the bank.

What if the bank is attacked by hackers? Or has someone in the bank modified your transaction?

But if your loved one uses Bitcoin, it’s different. They can still send you money without going through an intermediary.
Just have an internet connection, it only takes 5-10 minutes. They can send you BTC from somewhere in the world. Remittance fee is almost = 0 Selling it is as easy as gold or dollars at the current exchange rate.

Why can we trust Bitcoin?

We can trust Bitcoin because we “don’t need to trust anything”. It sounds confusing, right! But that’s the truth.
With Bitcoin virtual currency you can transfer it from one person to another without going through another third party like a bank to build trust.
In addition, Bitcoin is open source and completely decentralized. If you are a programmer then you can check how it works.
Every transaction on the Bitcoin network is public and anyone can check it. Once you make a transaction, nothing can edit or reverse it.
Because it is not under the control of anyone even the creator of BTC himself.

Units of Bitcoin

Bitcoin virtual currency also has the unit “Satoshi” after its creator “Satoshi Nakamoto”. Satoshi is the smallest unit of this coin.
We can convert 1 BTC = 100,000,000 Satoshi. That is one satoshi unit = 0.00000001 BTC.

Advantages of cryptocurrency BTC

As leading experts assess, the birth of bitcoin marked a historic turning point in the form of electronic payment. Bitcoin has great advantages and is superior to other currencies:

• Convenience in transactions
• Bitcoin can’t be faked
• High security and very safe
• High security and very safe
• Extremely low transaction costs
• Potential for e-commerce development
• 

Convenience in transactions

As with banks or online payment services (intermediaries), there will often be a limit on transferring and receiving money in a day and time.
But with bitcoin, absolutely not. You can send as much as you want, anywhere in the world at any time to your family and friends without anyone managing the amount you send

Bitcoin can’t be faked

Another advantage of bitcoin is that it cannot be faked, because bitcoin does not exist in a physical form like other currencies.

Moreover, there is no cost to verify bitcoin while gold is very high.

High security and very safe

All bitcoin transaction information is displayed on the internet, but the identity of the trader does not appear, so the security of information is very high.
Up to now, the bitcoin protocol has not had a security hole to lose users’ bitcoins.

Extremely low transaction costs

Since there is no intermediaries to manage bitcoin transactions, the cost = 0. You only have to pay transaction processing fees on the systems but it is very low.
A transfer of 49552 BTC (~480 million USD) only costs about 0.18 USD.
Can you imagine how low it is?

Environmental Protection

Bitcoin currency does not have to use chemicals to create it, so it is very environmentally safe.
The computer system that processes Bitcoin transactions consumes much less power than the current financial system.

Potential for e-commerce development

Currently, there are many businesses, companies, and stores that allow the use of bitcoin to pay bills.
Every bitcoin transaction cannot be refunded or reversed, so any fraud is useless.

Disadvantages of Bitcoin Cryptocurrency

Although BTC has many advantages, nothing is perfect. The disadvantages of this coin can be mentioned as:

• The number of users is not much
• It’s not easy to use bitcoin
• Bitcoin price often fluctuates
• Hackers, criminals launder money

The number of users is not much

Bitcoin is mainly used in developed countries such as the US, China, … and in undeveloped countries, the use of paper money, gold is too familiar.
And most people are not knowledgeable about cryptocurrencies. Some groups of people who do not have enough knowledge, do not know what bitcoin is, think that BTC is an unreliable virtual. So they are still afraid and afraid to use bitcoin money

Not easy to use

Without knowledge of technology and a real understanding of bitcoin, it is difficult to use and trade it. As described above to use this currency you need to create a bitcoin wallet, and exchange it for cash.
Therefore, for those who do not know anything about information technology, they need someone with experience to guide them to do these jobs.

Prices often fluctuate

Just like the dollar, euro, gold or stock market, bitcoin also fluctuates in real time.
Sometimes strong, sometimes plummeting, almost any fluctuations in the world that affect cryptocurrencies can cause the price of bitcoin to fluctuate.

For example, when the new bitcoin was released, the price was only a few dollars, but at the moment the price of 1 bitcoin has reached over $1000.
Hackers, criminals launder money
Because of the unregulated form of bitcoin transactions, many criminal groups use this currency as a transaction method.
Hackers can also find and attack many bitcoin exchanges and steal. Besides, money laundering can happen at any time

Why is Bitcoin valuable?

Bitcoin is valuable because it possesses the same characteristics as currency, silver and gold:

• Reliability
• Mobility
• Exchangeability
• Scarcity
• Can be divided
• Easy to recognize

It’s all about technology, not trusting central banks like fiat money. Nor does it rely on physical properties like gold and silver.
But all of the above factors cannot determine the value of Bitcoin. The most important determinant of Bitcoin’s value is its acceptance and trust.
Today many businesses accept Bitcoin as a form of payment. This proves bitcoin has value, not something worthless.

Can Bitcoin become worthless?

The answer is possible. In the past there have been many coins that have become worthless such as that of Zimbawe, Venezuela.
They become worthless because of hyperinflation, which bitcoin will not happen in Bitcoin. However, there will always be the possibility of the failure of Bitcoin: technical errors, currency competition, politics, etc.
So no currency is absolutely safe, they will fail or fail at some point.
But Bitcoin has proven itself valuable and has the potential to grow. However, the future of Bitcoin is unknown, right?

Bitcoin is a bubble?

“Is Bitcoin a Bubble or Not?” This is a difficult sentence.

From many perspectives, each person will have different opinions about Bitcoin.

For example, billionaire Warren Buffett thinks that Bitcoin and other cryptocurrencies have no value.
But for Robert Kiyosaki (businessman, author of the book Rich Dad, Poor Dad) sees this as the currency of the people.
In the past there have been many bubbles that have burst (dot-com, US housing, etc.) but after all, Bitcoin is a little different from them.
So is Bitcoin a bubble in the end? This only time will tell.

If it’s a bubble, it hasn’t burst yet. So when will the bitcoin bubble burst? The answer is when this coin is not useful to people anymore.
It will continue to grow and exist as long as it can be put into practice.

Is there any virtual currency that surpasses Bitcoin?

There may be. Because of the future, who knows what will happen in advance, right?
Until now, “Bitcoin is King” is a popular phrase in the crypto community. That’s right, this coin is like a king of cryptocurrencies.
But in the future, if there is a currency that does better than BTC, it is very normal to be “dethroned”.

Should you invest in Bitcoin?

Compared to other markets, the cryptocurrency market in general or Bitcoin in particular, fluctuates up and down a few percent per day, which is very normal.
It is this factor that many people choose BTC to trade coins (trade transactions) to make daily profits.
In the long run this is a potential currency if you believe in its value. Of course, investing always comes with risks. The greater the risk, the greater the return.

Legality in countries around the world

The map below depicts the legality of bitcoin around the world:

• Green: Legal
• Gold: The law does not prohibit, but also admits, causing controversy.
• Pink: Still controversial but not directly banned.
• Red: The law is against BTC

How to use BTC?

• Learn more about this cryptocurrency
• Create a wallet to store and use Bitcoin
• Buy BTC from exchanges or Bitcoin ATM
• Use at places that accept payment in BTC
• Cryptocurrencies are different from regular fiat money so you have to learn to use them. To find out, you should read this article and related articles.

Where to store Bitcoins?

Perhaps you are wondering how to send bitcoins, with what and where to store bitcoins? Then a bitcoin wallet is the answer, a bitcoin wallet is used to store and trade bitcoins.
Some reputable sites allow creating bitcoin wallets such as: Blockchain, Coinbase, Jaxx, Atomic, Exodus, Electrum, …
Most bitcoin storage wallets have extremely high security through many layers, If you want to log in, you need to authenticate via email and phone number or you have to enter the google authenticator security code.
However, you absolutely must not reveal your wallet information to anyone. Because if they have credentials to your wallet.
They can make transactions and steal all the bitcoins in your wallet.
There are 2 types of bitcoin wallets:

• Hot wallet
• Cold wallet

Hot wallet is the type of wallet that you know and use today. For example, Atomic, Exodus, Jaxx, Blockchain are all hot wallets.
The security of hot wallets is also very good. But if your computer or phone has a virus or uses crack software, it’s better to reinstall your computer to ensure your safety.
With cold wallets, you are more assured of security because even if your computer is infected with a virus, it is difficult for hackers to get your crypto assets.

Where can BTC virtual currency be used?

During 2012, 2013 around the world, they mainly used bitcoin to shop online or use online services.
However, starting from 2015 onwards, quite a few companies, businesses and stores have allowed the use of this currency for online and offline payments.
According to a 2020 survey, 36% of US SMEs accept Bitcoin. Some large companies that accept this form of payment include:

• Microsoft
• Expedia
• Wikipedia
• AT&T
• Burger King (Venezuela, Germany)
• KFC (Canada)
• Subway
• Overstock
• Twitch
• Mega.nz
• Amazon (not directly)

In addition, you can also accept payments with this virtual currency at Coinmap

Has the BTC cryptocurrency ever been hacked?

Up to now, more than 10 years since its launch, Bitcoin has not been hacked once. This proves that this virtual currency is very well designed.
The hacks related to this currency all come from the exchange. A classic case such as the Mt.Gox exchange was hit with 850,000 BTC.
At current exchange rates, this amount of stolen BTC amounts to $7.4 billion.
There are also many other cases related to BTC being hacked on exchanges. Of course hackers get Bitcoin by exploiting security holes from the exchange.
This affects the price of BTC but its network is not damaged at all.

How many Bitcoins are there in all?

Bitcoin’s supply is 21,000,000 coins, we cannot increase or decrease this amount. The reason why there are only 21 million coins, no one can know.
Since the supply is fixed, the only way to get new BTC is to mine bitcoins.

What is Bitcoin Mining?

Bitcoin mining is using software that processes transactions and secures it. In return, the miner will receive the rewards of this coin. The speed of mining fast or slow depends on many factors such as: Hash rate, …
In order to avoid this currency from being inflated and depreciated, it is established a mechanism called Bitcoin Halving.
Every 210,000 blocks about 4 years the Halving event will take place. The block reward of miners will be halved.
This means that the number of BTC in circulation will decrease every 4 years. Therefore, the percentage of inflation also decreases over time.
The current inflation rate of this virtual currency is ~3.7% according to Woobull. It is estimated that by 2140 (64th Halving) there will be no more BTC to mine. That means % inflation will be 0%.

Why does Bitcoin need to scale?

Because this is a must for Bitcoin to become a kind of payment tool serving the entire population of the world.
Currently Bitcoin can process about 3 transactions/second on average. The reason is that the block size of this coin is only 1MB and the Proof-of-work consensus protocol.
Meanwhile VISA can handle about 4000 transactions per second and has the ability to scale up to 65000 transactions per second.
Therefore, to ensure future growth and use at a broader scale, Bitcoin needs to scale.
Extensible solution

Fork (Fork)

With this solution, to change the ability to process transactions, it is necessary to change the technical issues of Bitcoin such as: increasing the block size, etc.
This process of change is known as a fork. Changes that are compatible with the network are called Soft Forks, changes that are not compatible with the network are called Hark Forks.

2nd layer (Layer 2)

The second layer is a framework or a second protocol built on top of the existing blockchain network.
The solution to extend layer 2 for Bitcoin is the Lighting Network. It makes it possible to transfer money instantly with almost free fees.

Bitcoin money is virtual?

“Is bitcoin real money?”, “Does the admin have any opinion about bitcoin virtual currency?”.. FPTwaze often receives questions like this.
But if explaining to each person, it is quite lengthy and time consuming, so today Admin decided to write this article for you to have more information about this currency.
In fact, bitcoin is not a virtual currency but a real money or otherwise known as “cryptocurrency”.
Many people who are new to it or do not have enough information call bitcoin a virtual currency. This call is very misleading for those who do not know anything about it.
Because the word “virtual currency” refers to something that is not real, often virtual currency is used within a certain community.

For example:
When you deposit money into the game, it is virtual money, it is almost impossible to convert to real money and if so, the value is very low due to the two parties’ regulations when trading. Moreover, the way to create virtual currency and operate it is completely different from bitcoin.
In contrast, bitcoin currency can be exchanged for real money and has great value. Moreover, this currency is widely used and has international stature. It can be used to buy things of value like real money.

Will Bitcoin “Die”?

It is a fact that negative information is often received and spread by the community more widely than positive news.

For example, a point like bitcoin, the benefits it brings to users in terms of cost reduction and convenience in payment, the number of people sharing it is very small.
In contrast, information such as “Bitcoin scam”, “bitcoin investment scam” spreads very quickly.
And often the people sharing it are people who don’t even know what bitcoin is.

However, recently when a number of major newspapers published positive news about bitcoin, some sections of the public began to recognize and think differently about this currency.
Experiencing many seemingly “discarded” stages, but bitcoin is still alive and thriving.
Moreover, if you want to stop bitcoin transactions, it will almost take down the entire internet, so the possibility of bitcoin dying is very low.

So FPTwaze has helped you answer questions about what bitcoin is and should invest in bitcoin or not.
Hope these few articles will bring a lot of useful information to you. Also this article will give you a more accurate look at the bitcoin currency

The post What is bitcoin? The most comprehensive information about BTC appeared first on FPTwaze.

We can trade Bitcoin / USD, trade Altcoin / USD, trade Altcoin / Bitcoin, Altcoin / Altcoin. Choosing which pair to trade depends on what your starting capital is and your plan to increase the number of coins.

POPULAR TRADE COIN PAIRS

On the market there are many coin exchanges, each exchange lists different trading pairs of coin on that exchange’s market system. A trading pair consists of two coins, 1 standing and 1 second copper. We will use the second copper to buy the standing copper and selling the standing copper to the second one.

For example, trade coin pair ETH / BTC: use BTC to buy ETH and sell ETH to BTC. Or ZIL / ETH means using ETH to buy ZIL and sell ZIL to ETH.

TRADE COIN IN PAIRS OF COINS WITH STABLE COINS

This is the most popular and simple trade coin pair for new investors to enter the market. Trading pairs with these stablecoins are mostly supported by exchanges.
Why is trade coin using stable copper that is safer than other trading pairs? The reason is because the second unit in this trading pair is a stable coin (USDT, USDC, BUSD,…). This means that this coin is almost unchanged in price, so it would be much safer if it is a coin with large fluctuations in price.

For example, I use the ETH / USD trading pair and use 1000 $ to buy 1 ETH at $ 200, the next day the ETH price increases to 210, profit will be $ 50. But if I used the ETH / BTC trading pair at 0.014 BTC, the next day the ETH / BTC rate increased to 0.015 BTC, I wouldn’t make much profit if the BTC / USD dropped.

TRADE COIN IN PAIRS OF COIN WITH COIN

This is one of the trading coin pairs that requires you to have a little long-term trading experience to be able to log in and out properly. These trading pairs help you increase the number of coins you own faster than trading with stablecoins.

For example, with the ETH / BTC pair, you can buy Ethereum with Bitcoin or sell Ethereum to Bitcoin. To put it simply, we can not only use stable coins (USDT, USDC, BUSD, …) to buy other cryptocurrencies, but we can use one coin to buy one another coin.

However, in reality, not every coin can be traded with another coin, this depends on each coin exchange you choose to trade that supports that trading pair.
In a different sense, trading coin pairs are like replacing buying or selling a coin with stablecoins but replacing the stablecoin with another coin. The exchange rate of the trading pair will depend on the rate of the coin behind the stable coin.

For example, with the ETH / BTC trading pair, if the price of BTC / USDT rises sharply, surely the ETH / BTC rate will drop sharply. The explanation for this is very simple, the crowd seeing the price of BTC vs USDT is increasing strongly, it will tend to sell ETH to BTC to take advantage of the power of compounding that leads to the ETH / BTC exchange rate can decrease strong.

Conversely, if the BTC / USDT pair does not fluctuate much (sideways) or rise slightly, the ETH / BTC pair can completely bounce up, leading to the ETH / USDT pair will also rise very strongly. The essence of the problem is that either the crowd is seeing the BTC to USDT rate unchanged or the market is losing interest in the pair. Crowds pushed the price of the ETH / BTC pair to increase the amount of BTC after selling ETH out of BTC.

The essence of buying and selling altcoins using BTC is Bitcoin’s share of altcoins: Bitcoin Dominance. Trading coin pairs demonstrates the strength of the coin in front of the coin. For example: If ETH / BTC increases, ETH is dominant over BTC at a certain time.

OPTIMIZE TRADING VIA TRADING COIN IN PAIRS

Imagine you have Bitcoin and stable copper (USDT) and you want to own Litecoin virtual currency. Now consider the LTC / BTC trading pair, if Bitcoin is up 10% while the LTC / USD pair is unchanged, then that means you can buy more Litecoins if you trade the LTC / BTC pair.
Stable copper Litecoin buying power in the market remains the same, while Bitcoin is growing 10% more then you will be able to own 10% more Litecoin by using Bitcoin to buy. The value of the transaction does not differ in the moment it was made (because you own that Bitcoin increases in value like you own your stablecoin).

If you want to own lots of Litecoins and hope that Litecoin will increase in price in the future then this will be a compound profit for you.

Of course, trading coin pairs is also risky, imagine if you use Bitcoin to buy Litecoin. But after a while, Bitcoin increased by 11% and Litecoin only increased by 1% ??? That means you are at a loss if Litecoin profit taking is real money at that time.
In case the Litecoin value falls on both LTC / BTC and LTC / USD while the Bitcoin (BTC / USD) value is increasing, then we’d better keep Bitcoin the same, it seems to be better.

TRADE COIN FORMS

After identifying the trading coin pair, at this point you can choose either spot trading or trade coin using margin called margin trading.
If you are new and do not have much technical analysis skills, you should choose Spot. If you are confident in your ability and experience, you can absolutely use margin to maximize profits.

FREQUENTLY ASKED QUESTIONS WHEN TRADING COIN

Which trade coin of exchange is good?

There is no good exchange, but for subjective evaluation, I will arrange the following: Binance, Huobi, Okex, … These exchanges all support spot trading and trade coin using leverage. . Reputation and safety are important.

Where to buy USDT to trade coin?

You can use Remitano to buy USDT or buy Bitcoin.

Is Trade coin difficult?

Try to learn to improve knowledge every day, try to simplify everything

Hopefully, through my sharing, you can partly understand the nature of trading coin and make the best decisions.

The post What is trade coin? Latest trading coin methods to make money. appeared first on FPTwaze.

What is Bitcoin investment?

It’s like investing in gold, or real estate. You buy gold or land hoping the price will rise over the next few years to make a profitable sale.

So is Bitcoin!

Investing Bitcoin is using your money to put your money in Bitcoin with the expectation that the price of Bitcoin will rise in the future to sell at a price higher than the purchased price. It is also easy to understand, right!

Is Bitcoin investment safe?

When mentioning the word “Investment”, you are also a bit afraid because being afraid of “losing money”, right?
I also make it clear that Investing in bitcoin is a risky investment, not safe.

Because the technology that creates Bitcoin is also very new. And Bitcoin itself is also developing day by day to become more complete. No one knows in advance that tomorrow what Bitcoin will be like. Or will there be any currencies to replace Bitcoin?

So when you invest, you should only use money that when losing will not affect your life.

Risks when Investing in Bitcoin

Maybe you have heard that “No risk, no rewards” before, right?

If anyone has not heard it, you can roughly understand that there is no risk, there is no reward. The greater the reward, the higher the risk. Investing or playing bitcoin can bring you huge profits. However, if the profit is high, the risk is also extremely high.

Here fptwaze.com will show you with some risks that you need to know before investing:

• Price fluctuations: Bitcoin has a large amplitude of price fluctuations. In a day it can fluctuate by a few percent, but at times it can reach 20-30%.
• Security: Although Bitcoin has never been hacked and it is also difficult to hack but in the future we do not know.
• User: This error is caused by user carelessness. It could be forgetting or leaving the secret keys to access the wallet, transferring the wrong address, …
• Exchanges: Many people buy Bitcoin through exchanges and put it on the exchange. Some exchanges may crash and you will lose all your money.

Should 2021 still invest in bitcoin?

We have just passed the first few months of 2021. Bitcoin price has consistently broken high and currently stops at almost 45,000 USD.

The reason is that the Bitcoin Halving event in 2020, the Bitcoin mining reward reduced a half. According to historical data, after this event, the price of Bitcoin increased dramatically.

Not only that, Bitcoin is increasingly accepted. Just a few months ago, there were many big companies joining the market such as MicroStrategy, Square, Paypal, …

MicroStrategy was also known for buying more than 70,000 BTC worth more than $ 1.8 billion in December 2020.
This trend is likely to continue into 2021.

With the the macroeconomic situation such as: governments constantly launching stimulus packages, too much money printing, low interest rates close to zero, Bitcoin is seen as a safe haven with investors.

Since Bitcoin is not issued by a central bank, it is not regulated by any government organization. So even with strong fluctuations in the economy, Bitcoin’s value is not affected much.

Many investors also predict the price of Bitcoin can be up to 50,000 USD, 100,000 USD or even 200,000 USD. However, Bitcoin is a venture capital channel, many people get rich thanks to Bitcoin, some also lose a lot. So if you intend to invest in Bitcoin, you should learn carefully and make a decision!

How much money do investing in Bitcoin play?

I think that when I first heard about 1 Bitcoin, it was about 45,000 USD at the time of writing. Surely you also invest in Bitcoin will need at least a few tens of millions to a few hundred million.

However, you only need $100 to be able to buy 0.01 BTC. So with $100 , you can also play bitcoin already.
Although this amount is not much, but new to join, I recommend trying only $100 to get used to it first.

Instructions on how to invest in Bitcoin for new investors

Learn about Bitcoin

If you don’t know, billionaire Warren Buffett won’t invest in something he doesn’t understand. So you should also understand exactly what Bitcoin is before investing, right?
If you already understand, skip this step. Here is a detailed article for you to find out in detail.

What is bitcoin? The most comprehensive information about BTC

Create a Bitcoin wallet

A Bitcoin wallet is where you can store it as well as you can use it to transfer and receive. So understanding and choosing a wallet is essential.

What is a Bitcoin Wallet? Top 9 most prestigious, safe and best wallets

Buy bitcoin and how to buy it

If you want to invest in Bitcoin, you must buy bitcoin, right. If you are still running, see where to buy bitcoin right now!

Reputable exchanges

When investing in Bitcoin, to optimize the portfolio diversification or increase the number of Bitcoin, you must transact on large exchanges to buy and sell Bitcoin, Altcoin.
Some famous exchanges such as:

• Binance
• Huobi
• KuCoin

fptwaze.com encourages you to choose Binance exchange . Because it is the largest exchange in the world right now and the ecosystem is rich with many services to choose from.

Tips for investing in Bitcoin

New investors should trade in small quantities

Bitcoin transactions are unlike any other form of online payment transaction. For example, when you transfer money online via internet banking.

If you send the wrong account number to someone else, you only need to ask the bank to cancel the transaction. But with Bitcoin, it is not so, you mistakenly send it to someone else’s Bitcoin wallet address, it is considered lost can not be recovered. So when you first start investing in Bitcoin you should trade a small amount as getting acquainted first. When mastering and grasping the process of all transactions, we can trade in large quantities. Moreover, investment always comes with risks. So you should not use in large quantities to avoid affecting daily life

Always keep your account & wallet safe

Some of my experiences for you to be safe:

• Avoid websites that fake the exchange you trade. Before trading, please check the website address.
• Do not give account information, private keys to strangers
• Do not access links that you do not know what it is
• Don’t believe the winnings, giveaway asks you to send them Bitcoin and then they send it back.
• Store keys or recovery characters offline to avoid hacking.

Do not store Bitcoin for too long on the exchange

In addition to how to store Bitcoin via Bitcoin wallets, quite a few people choose to store it directly on a online exchange.
Normally, each exchange will allow us to create a separate Bitcoin wallet address to store directly on the exchange, each coin they will provide 1 wallet for that coin. This method is only suitable during the time you trade coin or surf on that exchange only and for long-term investment, you should use the wallet that I mentioned above.

Because virtual currency exchanges, whether big or small, are almost always “stalking” by hackers to steal customers’ coins or when the exchange crashes, you will lose all the Bitcoin you store on it. The most recent example of a hacker is Japan’s MtGox exchange, where hackers stole more than 750,000 BTC, or about $ 1.5 billion at Bitcoin’s current exchange rate in 2014. Or just last month, Bitcoin exchange Btc-e.com, a large, reputable and long-lived exchange, was caught up in a money laundering case that resulted in the exchange’s owner being arrested by the FBI, leading to a shutdown.
So far, many Bitcoin investors still do not know where their Bitcoin will go.

Regularly updated Bitcoin news

News is an extremely important factor in the cryptocurrency market. It directly affects the price of any virtual currency and Bitcoin is no exception. Therefore, you should regularly follow and update Bitcoin related news to understand the market situation and make a decision to take profit at the right time.

https://news.bitcoin.com/,  https://cointelegraph.com/ or https://www.coindesk.com/

Conclusion

Investing in Bitcoin in particular and the cryptocurrency market in general is opening up opportunities to make money for anyone who knows how to catch the opportunity. Bitcoin or Altcoin are both profitable investment trends in the future instead of Gold or USD.

Currently, this market in Vietnam, although it has been through many waves and waves as well as a lot of knowledgeable people. However, the Virtual Money Blog still has to note once again, invest in Bitcoin wisely and strategically, do not apply “gambling blood” to this market or you will have to regret it.

Of course, as I said, Investing or playing Bitcoin is always risky. You should consider carefully before entering the virtual money market and invest with an amount “within your reach” that can not affect your family’s finances.
Or any questions about investing Bitcoin, Altcoin, leave a comment below, I will try to answer you as soon as possible.
Good luck!

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