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Here are 10 tips to identify the right Crypto Trading Platform

1. User-Friendly Interface

2. Functionality

3. Stability

4. Live Support

5. Client Protection

6. Trading Tools

7. Latest Market Updates

8. Multi-channel platform accessibility

9. Deposit and Withdrawal Methods

Now it’s been a while and we know much about cryptocurrencies but what you all know about them are not 100% true, many of the thing that we hear or read about cryptocurrencies from online or any other source are not true and myths and we all accept and start believing in them with doing any proper investigations in this blog I’m going to list the common misconception about cryptocurrencies.

Common Cryptocurrencies misconceptions are:

1. Bitcoin transaction are anonymous

2. Bitcoins are illegal

3. Blockchain is Bitcoin

4. Bitcoin is tax free

5. Bitcoin can be shut down anytime

6. Bitcoin is for criminals

7. Bitcoin isn’t eco-friendly

8. Earning money is guaranteed

Now let’s dive deeper in these myths and understand them one by one

Bitcoin Transactions are Anonymous

Bitcoin and other cryptocurrencies are often described as anonymous as it allows users to do transactions without providing any personal information, but this is not entirely true. Each transaction is registered on the blockchain under a wallet address and most of the time that wallet address is linked to user’s real identity that means you are exposed!

Bitcoins are illegal

This is completely not true, Bitcoins are actually being accepted as a valid method of paying for goods and services. The major companies that accept Bitcoins are Microsoft and Airbnb. The people who thinks that they are illegal don’t understand how they work.

Blockchain is Bitcoin

Bitcoin is a cryptocurrency that is operated on blockchain but it doesn’t mean that Bitcoin is blockchain. Blockchain is a platform that enables the peer-to-peer transactions to be recorded on a distributed ledger throughout the network, and stores information in a decentralized way which is better than a centralized database.

Bitcoin is Tax Free

Many people think that Bitcoin hides their identity which also a myth they also think that Bitcoins are tax free, although some countries like South Korea and Netherlands don’t impose taxes on cryptocurrencies, other nations like Spain have already made an announcement to tax payers about required contributions to the government arcs linked to their crypto activities.

Taxation on Bitcoin varies depending on how countries treat digital currencies. For example in United States, united Kingdom and Australia it is the tax is considered as capital gain, whereas in Germany the taxation will depend on whether you are buying or selling it.

Bitcoin Can Be Shut Down Anytime

As we know that cryptocurrencies are hosted in decentralized networks, there is no specific person has authority to shut down Bitcoin. The only way this can happen is if the entire infrastructure is shut down.

Bitcoin is For Criminals

I cannot control my laughter whenever I hear this, even though criminals can use cryptocurrencies it doesn’t mean that this is only for them, in fact criminals still prefer paper bills over digital currencies when you dive deeper and looking into how Bitcoin actually works you will realize that it isn’t really best method for criminals to use.

Bitcoin isn’t Eco-Friendly

I agree with that the Bitcoin does consumes a lot of energy. But do you think that it consumes more than the infrastructures behind traditional currencies? Yup, that is what we thought.

From the printing machine that prints the bills to the security guard of the Bank the amount of energy used to maintain a fait currency is higher that Bitcoin’s energy bill.

Earning Money is Guaranteed

This isn’t true because if it was then everyone wouldn't be investing in Bitcoin and Ethereum in bulk.

You have wisely invested in Bitcoins and now you want to spend them but don’t know where you can spend them this hurts a lot, all most all the industries are accepting Bitcoin as a payment option by the end of this blog you will understand that where all you can use your Bitcoins as a currency so let’s start.

Cosmetics Industry

A famous Korean cosmetics company called as Adelline sells a wide range of beauty products and will ship goods all over the world.

Another major cosmetics company is Shiny Leaf which based in Las Vegas which deals with a skin and hair care products and also have a range of bath and body care products.

Consultancy Industry

AGRsicurezza is a business consultant company which mainly focus on training and project management services and accepting payments via Bitcoins

Fivebucks is a market place for sellers where they design anything which is creative starting from logos to business cards and websites for an agreed fee. A seller can register their wallets and will be able to cash over using Bitcoin.

Fashion Industry

North Greece based Lord is an amazing fashion website that mainly sells with underwear to customers they not only accept Bitcoins But they will accept a wide range of Cryptocurrencies

Food Industry

When it comes to food industry there are plenty number of them how accepts Bitcoin in exchange of food the major ones are:

Italia Click which is an international food distributor that grabs technologies such as Bitcoin and uses them to accept payments they also accept other cryptocurrencies such Ripple and Ethereum.

35North is a company which sells extra virgin olive oil the online shop only offers the option to pay by card or by paypal. But you can make a special request for vendor to accept your cryptocurrency as a payment.

The Lucky Hot Dog is a famous food truck in Chicago which serves dogs, burgers, beef, and chicken this food truck is not similar as other food trucks the specialty of this food truck that makes this different from others is that they accept payments by Bitcoin, card or by cash

Gaming Industry

It’s very odd when we hear that a gaming company RPGStash offers video game services and accepts Bitcoin as payment RPGStash offers services and tradable video game items for Runescape, Fortnite, Tibia, Diablo 2, etc.

GamerAll this gaming company offers skins, keys, and services for games such as Rust, Dota 2, Team Fortress2, Escape from Trakov, and many others. This company also sells console and game titles and the interesting part is they have over 100 ways to get payment which includes Bitcoin.

Technology Industry

HostingSSi is a giant company that provides web hosting, domains, VPNs, streaming, and SSL certificate focused on Venezuela and Latin America. It accepts Bitcoins as payments.

The living Room of Satoshi is a crypto payments gateway in Australia that allows users to pay their bills with Bitcoins.

Travel Industry

Greitai is an online travel site which offers online searches of airline tickets, hotels, and cars for rental it offers cheap flight to England, Ireland, USA, Spain, Italy, France, etc.

Hi, there do you know there is a new cryptocurrency named as Pi coin the interesting thing about this coin is that it is open for the public that means that anyone can mine it, one need not to have high hardware's that means it can be even mined by cell phones. and it is predicted that it will surpass the existing cryptocurrencies like Bitcoin and Ethereum. so be smart and start mining best of luck.

1. Private Wallet.

When you have a large amount of Bitcoin and do not trade often, you can choose to use a private Bitcoin wallet. which is actually equivalent to “private key, address, and blockchain data management tools.” In general, you could use computer wallets, online wallets, and hardware wallets.

2. Paper Wallet

Records your Bitcoin address and private key information on a piece of paper. It can be generated in a QR code on a dedicated website and then printed. This method can prevent computer viruses from intrusion and can prevent key loss caused by computer hard disk damage, theft or accidental deletion.

We all are aware of Bitcoins and it have become a part of everyone’s lives around the world, and they have been adopted by society in their masses. They have also gained the attention of cybercriminals who are always looking for a way to steal people’s cryptocurrency stash, and so we constantly need to be on the lookout for threats. Here are the top 10 ways that you can use to protect your cryptocurrency stash.

Have a backup

Use Encryption

Use Hardware Wallets

Secure Your Network

Use Tougher Passwords

Don’t Use Mobile Wallets

Use Two-Factor Authentication

Install Antivirus Software

Watch Out For Phishing Scams

Keep Things To Yourself

Many people want to do bitcoin mining but don't know how to do it effectively here are some steps and if you follow them, then you can do effective bitcoin mining.

· Choosing the hardware

· Cloud mining

· Setting up a Bitcoin wallet

· Joining a Bitcoin mining pool

· Checking the safety precautions in your Bitcoin mining pool

Bitcoin and Ethereum are the two most popular cryptocurrencies that don't mean both are same both are different from one other and people gets confused that which one is better here are some of the key difference between them:

The data is affixed to Bitcoin network transactions are generally only for keeping notes on the other hand the transactions on the Ethereum network may contain executable code. Other differences include block time an ether transaction is confirmed in seconds compared while Bitcoin takes minutes. And the algorithms that they run on are also different from one another Bitcoin uses SHA-256 while Ethereum uses ethash.

Bitcoin is getting more value now these days, people only positives of it but no one is ready to talk about drawbacks of it here is the list of major disadvantages of bitcoin:

1. No physical form.

2. No valuation guarantee.

3. completely cannot be used as currency.

4. Bitcoin is not permissible in all countries.

5. Wallets can be lost.

6. No buyer protection.

7. Risk of unknown technical flaws.

10 common myths or misconceptions about Bitcoin 

1. The Cryptocurrency market is a bubble waiting to pop

2. Cryptocurrency transactions are anonymous

3. Cryptocurrencies are illegal

4. Only criminals use cryptocurrencies

5. Blockchain is bitcoin

6. Tokens and Coins are the same thing

7. ICOs are scams that are run by criminals

8. Cryptocurrencies are different from other currencies

9. Information on Blockchain isn’t public

10. I invested in a cryptocurrency early so I’m guaranteed to make money