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Know all about cryptocurrency mining and how you can be a part of it to earn considerable amount of profits.

Cryptocurrency is the high profit investment that everyone has set their eyes upon. The name itself signifies that it is associated with something that is present in the form of a code or has to be uncovered through a coded mechanism. This description is actually quite apt for this ‘digital currency’ and just as a high value commodity like gold is mined, cryptocurrency is also mined.

Mining is the process through which this cryptocurrency is generated. The earliest example of cryptocurrency is Bitcoin which is frequently mined but the code gets complex as the process gets involved. This code is essentially a mathematical equation that needs to be solved. As easy as it may sound, it is actually not! The number that cracks the code to release cryptocoins can be a combination of any numbers and it all starts with random guessing. Hash function is applied to these random numbers and the data in the block, and if the result comes in the desired range, then the code gets cracked and it releases cryptocurrency.

However, there are many nuances of cryptocurrency mining which are discussed as under:

Process of Mining

The process of mining involves arriving at a 64-digit hexadecimal number (a hash) which is in the same range as the target hash. This is the primary objective and for the same, nodes or computers in the blockchain are eligible to crack these codes. The mining happens within the network where miners have to essentially verify cryptocurrency transactions since each one becomes recorded in the blockchain and contributes in creating the code. The process is time consuming and you need the right equipment and willingness to put in man hours to crack the code. Once the miner reaches at the right code to the numeric problem, he announces it within the network. This is considered as ‘proof of work’, the reward of which are cryptocoins.

Requirements for mining cryptocoins

If you believe the process of mining can be easily done if you are a software expert, then you are misinformed. There are certain prerequisites needed before you can start the process of mining. We are not referring to the knowledge about the concept here, because it is assumed that only the well informed will venture into the process of mining. There is clutter in the mining space where Bitcoin is concerned, however, you can go in for other cryptocoin options like Litecoins, Induscoin, Feathercoins, to name a few.

You need:

1. An account in an online currency exchange: This is needed so that you can trade or exchange your cryptocoins after mining for real time cash or use them for trading. Going in for a reliable online currency exchange is very important at this time since there are many fraudulent exchanges also trying to swindle miners and investors.

2. A coin wallet: This is like a private database where you can store your earnings. Cryptocoin providers like Indus Coin proved encrypted coin wallets ensuring that your digital currency is safe from hackers and Trojan attacks.

3. A mining software package: Software packages like AMD are needed to be able to begin the process of mining. These are usually made of cgminer and stratum.

4. A hardware setup: There is a specific hardware requirement for mining and you need to put in some amount of investment for it. Power consumption is also a parameter to determine success rate in mining.

5. A desktop or a custom built computer: For staying connected in the miners’ network, it is best if you have a custom built computer or a dedicated device for the process of mining.

6. ATI Graphics Processing Unit (GPU): This is a specialized processing device called the mining ASIC chip. This is essential for providing accounting services and mining work. This can be purchased online and compatibility differs depending on the GPU and ASIC chip. Once you have these necessary equipments, you can begin with the process. Since there is always a rush to crack the code, you may need to arrange for specific cooling mechanisms to keep your machines running for a longer duration.

Other Ways Of Getting Involved With Cryptocurrency Mining

If you do not intend to be a full fledged miner, but are looking at investing in the process of mining, then you can be a part of the mining pool. A mining pool is a virtual pool where mining resources are clubbed with other pool miners which speeds up the mining efficiency. Chances of being able to reach the code become higher; however, the bounty is also shared amongst the miners.

Another method of investing in the cryptocurrency mining is cloud mining. This means that you can sign up for an account on a third party’s website and can pay them to mine Bitcoins for you. Here, you enter into a contract for a stipulated amount of time. Cloud mining is generally undertaken on a company basis and not on an individual basis. So, this kind of investment is akin to investing in other financial tools available in the market.

Cryptocurrency is the currency of the future. With high returns and ease to use, this digital currency is the money for the future.

With the world getting digital, it was only logical to have a source of digital money. Cryptocurrency or cryptocoins fill up this space as they have now carved a niche for themselves in the world finance markets. Starting in 2009, the concept of cryptocoins and the fact that you could mine and earn your own cryptocoins caught the fancy of many software experts and mathematicians. Earlier, mining of coins was much easier than what it is now, and with the craze of cryptocoins catching up, pool mining or collective mining is the trend.

The reason for this is that there are only 21 million coins that can be mined. Further each cycle of mining produces only 50 coins per block and this number gets halved after every 210,000 blocks. The situation comes after every 4-5 years and this is expected to happen by 2019. Thereafter, each mining cycle will mine only 25 coins although the complexity of the equations will remain the same.

For the same reason, the year 2017 saw a 900% upsurge in the value of the cryptocurrency. For those who are open to taking risks in this ‘decentralized’ system and are looking to multiple their money in the short term, investing in cryptocurrency is a good option. Here are the basics of buying and investing in cryptocoins to give you a steady and informed start.

Understand The Concept Behind Cryptocoins

Cryptocoins are a peer-to-peer electronic cash transmission method that works on its internal network. Most of the financial systems have a centralized node and a regulatory authority. This is not the case with cryptocoins and each computer through which transactions are made keeps on getting added as a node in the network. This means that all of the transactions made with cryptocoins are recorded in a public ledger system (blockchain) which helps in maintaining transparency and also works as a safety feature. Due to this recognition, wallets and transactions get encrypted and can be done through a code only that is sent to the user.

Ensure You Always Buy Cryptocoins From A Reliable Source

You can get your cryptocurrency through two ways – first, you can mine them or second, you can procure them from a cryptocurrency exchange. The option of using a cryptocurrency exchange is the option that most laymen or consumers use. There are many cryptocurrency exchanges that offer cryptocoins through various names like Bitcoin, Ethereum, Indus Coin, but conceptually these coins are the same. All you need to do is go with a reliable service provider and one way to check this is to go through the website and see the services mentioned. For e.g. when you go to Indus Coin, you will clearly see their offering. One of the best features here is that you have a safe wallet to store your currency here.

To elaborate, whenever you will transact, you will need to provide a new password which is generated through encryption. However, you can view your account balance and past transactions on the go. You can download the app and use it like any other mobile wallet for the purpose of transactions.

Go Slow With Your Investments

Cryptocurrency investments come with their own risk. The return on investment is humongous and therefore, if you have an appetite for financial risk, then you can go in for this option. However, start slow and do not invest huge amounts of money in cryptocurrency trading. Once you get the hang of the returns, you can buy more coins and trade them. Trading is similar to the conventional trading of Fiat currency. Look for cryptocurrency tickers on the stock exchange. They are most commonly denoted as XBT or BTC.

Keep A Track Of Your Investment

Since the risk is high, you must always check the progress of your investment. There is no Government that recognizes cryptocurrency as legal currency. However, it has thrived for ten years and is growing exponentially. The chances of any Government banning this form of currency are low; however, you must check the legalities of your country with respect to this form of currency before making the investment.

The volatility is high although the currency is immune from inflation. Tracking your investment and making sure that your value is not decreasing is the best thing to do. Also, it is worthwhile to make short term investments initially and then go for long term investments.

Explore The Multiple Uses Of Cryptocoins

The most common use for cryptocurrency has been for investment purposes, but there are also other uses of cryptocoins. If you are looking at an investment perspective and are not convinced of your decision, then be rest assured that you will not lose out on your money. There are many merchant stores and vendors who have started accepting cryptocurrency as the mode of payment. Dell is one of the notable names in this list. Grocery outlets, food and retail outlets are also joining this list where you can use cryptocurrency for buying commodities.

Travel operators and hotel operators are also exploring the option of accepting cryptocurrency. The biggest reason for this is that businesses are also looking at cryptocurrency for investment purposes. Everybody is looking at big gains from this source and therefore, the future for cryptocurrency is bright. Cryptocurrency comes with the advantage that the transactions made by using these are cheap and fast. The instantaneous nature of transactions makes them easier to track and also need minimum follow ups.

Cryptocurrency gains are what everyone in the digital space has been talking about. Know all about this high growth investment instrument and the best ways to invest in it.

Cryptocurrency is the digital commodity that everyone is talking about. Cryptocurrency or digital money has proved in the last five years that it holds a large potential that is waiting to be unleashed. With returns averaging 700% in the last three years, this is an investment instrument that is waiting to be explored.

The conventional investor sometimes gets wary of cryptocurrency as an investment options for a number of reasons. Firstly, this is not a tangible currency and therefore, while you pay to buy it from your FIAT currency, you get something which is absolutely digital in nature. Secondly, there is no Government or ruling authority that takes responsibility of cryptocurrency. Cryptocurrency is a decentralized format and can be procured from cryptocurrency exchanges on the internet like Indus Coin. These currency exchanges offer you authentic cryptocoins which can be used by your for the purpose of trading.

In spite of the inhibitions, there are many who are willing to bet their money on this resource. Trade analysts are positive about this trend. Merchant stores and online merchandisers have started accepting digital money as a form of their payment. All these are positive signs indicating that cryptocurrency is here to stay. If you are yet not convinced that you too should invest in it, here are 5 reasons elaborating why cryptocurrency is the best high growth investment.

1. High Returns, High Risk Option

Cryptocurrency can be used for investment through three ways:

Holding on to Cryptocurrency: The cryptocurrency rates have increased multiple times over last 10 years. It came into existence in the year 2009 and the last five years have seen a lot of traction on the prices. If you are wary of trading, you can just buy cryptocurrency and hold on to this investment. This is akin to buying gold as an investment. However, take tiny steps and invest a small amount of money to begin with. You can sell your cryptocoins later for a higher price and reap in the benefits. However, make sure you keep your coins in an encrypted wallet like the one provided by Indus Coin to keep it secure from hackers or Trojans.

Trading : Trading literally means buying cryptocoins at a less price and selling it at a higher price. The prices of cryptocurrency are determined by the demand and supply mechanism. You need to constantly keep a track of your investment while indulging in trading.

Investing in Bitcoin mining: Mining of Bitcoins means that you are funding the miners or the companies who are engaged in solving blockchains to extract cryptocoins. Once these are generated, you get your share as per the terms and conditions agreed upon at the time of investment.

2. Trends are Positive

If you look at the trends of growth of cryptocurrency as an investment option, these are extremely positive. The year 2017 saw the cryptocurrency market surging to 1200%. This means that at the beginning of the year 2017, these digital assets were pegged at $17.7 billion. At the end of 2017, this figure stood at $230.9 billion. This has been due to the increasing interest of both retail and institutional investors with some big names in the business also opting for this investment. The cryptocurrency market has also increased and ICOs (Initial Coin Offerings) made by many of the cryptocurrency exchanges have added more people and companies in the investor list. These trends are so far extremely positive although the risk remains.

3. It is a Scarce Resource

Cryptocurrency is a scarce resource. If we consider Bitcoin which is the oldest cryptocurrency in the market, then it would be interesting to note that there are only 21 million Bitcoins that can be mined at an overall level.

The blockchains created by Satoshi Nakamoto are built in such a manner that there is a limit attached to it. Each mining cycle produces an ‘x’ number of cryptocoins and every four to five years, this pool gets difficult to mine and the cryptocoins generated become ‘x/2’. This means that not just it is a scarce resource, the mining will keep getting complex and the output will get reduced. At that times, this will be a prized possession to hold.

4. It Is Immune to Any Monetary Policy

Cryptocurrencies are not bound by any monetary policy and are totally devoid of concepts like inflation and recession. Investing in digital currency means that you do not have to worry about the impact that Government’s policies can make on currency. The only concern is that if any of the Government bans this as an accepted method of payment. This is the only news that you have to really watch out for.

5. Exit Options Are Always Available

As easy as it is to get into the business of investing cryptocoins, exiting out of this is also very simple. Cryptocurrency is much in demand and you can always sell your cryptocoins at any point of time and exit out. Unlike policies determined by financial institutions, there is no penalty or lock-in period for investment of cryptocurrency. This hassle free investment basically means that you have nothing to lose even if you exit out early.

Cryptocurrency exchanges are important if you are looking at trading your cryptocurrency. Make sure you go in with the right one that helps you grow your money in the best way.

The acceptance and usage of cryptocurrencies have increased manifold in the last 5 years or so. There are more and more investors as well as merchants who are opening up to this concept of digital money. It all started in 2009 when Satoshi Nakamoto designed bitcoin and released a white paper by the same name describing its implementation. It took on from there on but for the ‘belief’ to set in, it took about 5 years. Since then, there has been noticeable traction each year with cryptocurrency registering a 1200% growth in the year 2017.

Investments in cryptocurrency have increased and as a result of that, a lot of cryptocurrency exchanges have also mushroomed. A new investor can easily get confused if he decides to invest in cryptocurrency. Under such circumstances, you not only want your money to be safe but also want a trustworthy cryptocurrency exchange that can guide you for your investments. Robust tracking mechanisms, on-time updates and prompt customer support system, all go into making a cryptocurrency exchange reliable. Talking about trust, Indus Coin is the name that pops up and in the recent times, it has really established its credibility through building trust across its customer base.

While looking for a cryptocurrency exchange, here are some factors that you must consider/check before making your decision:

1. Trading Options and Fees

There are many versions of cryptocurrency that you will find in the market like Bitcoin, Altcoin, IndusCoin and so on. While choosing your cryptocurrency exchange, you must find out the options that your exchange provides and the cryptocoins that it has in circulation. Trading can be done between pairs and you need to find the platform that enables you to do. Once that is found, you must check the liquidity of the exchange for that pair. If this is high, it means that you will have higher chances of selling your coins without having to cut prices.

A fee that is levied by cryptocurrency exchanges for enabling trading is another important aspect that cannot be ignored. Typically, exchanges charge some percentage of the amount being traded as their trading fees. This is mostly always less than 1% with the lowest being around 0.2%. Do remember to check this aspect but not get carried away by this only as many fraudulent companies would like to capitalize on this aspect to get customers.

2. Safety and Security Features

Since the money is ‘digital’ and there is no guarantee/warranty attached to it, it exists totally at your risk. Since there is no financial institution, Government or bank taking the liability, your money is really out there all by itself. You need to keep it safe and secure. However, a good cryptocurrency exchange would ensure that this happens and your money stays safe with them.

A safe cryptocurrency exchange would most definitely have PGP encrypted mails, email and SMS alert systems and 24/7 wallet monitoring. One such cryptocurrency exchange is Indus Coin that provides you with encrypted wallets. While you do not need to access your wallet through a unique code every time, you do need this encrypted code to make any transaction from your wallet. Although wallets have been made safe from hackers and Trojans, it is still advisable to keep only a small amount of your digital money in your wallet and not in excess.

3. Supported Currencies

Cryptocurrency exchanges are not dependent on location of their users in any way. Since any one across the world can gain access to cryptocurrency and subsequently to these exchanges, you need to check the currencies that the exchange supports. For e.g. some cryptocurrency exchanges may only support dollars for their various payments and you may end up losing a large amount of money for this conversion. Not just this, the trading pairs of cryptocurrencies also must be as per your convenience and comfort level.

Always check for cryptocurrency exchanges that support all payment methods like debit cards, credit cards or bank transfers for both payments and withdrawals.

4. Purchase Limits

Since cryptocurrency exchanges only exist in the digital space, they are at a constant risk of hackers. A reputed exchange like Indus Coin may hold millions of dollars at a given point of time and even if 99% of it is kept offline, the 1% that is online is at a risk of getting hacked. That is why all cryptocurrency exchanges set limits for its customers.

There are limits for deposits (minimum and maximum) and withdrawal. While some exchanges keep it constant, others keep changing it depending on your activity and transaction levels. There are also legal documents that they may ask as proof for setting your limit. Make sure you understand this aspect of cryptocurrency exchanges before you decide upon one for yourself.

5. Convenience and Support

Volatile is the word best used to describe cryptocurrency and hence assurance is much needed when you deal with a volatile commodity. Hence, while looking for a cryptocurrency exchange you have to look for ease of usage of the portal. The interfaces should be user friendly and convenient to navigate. There should not be unnecessary and additional steps that keep your digital currency exposed to hackers during that period. Make sure you take feedback of the website from other users before you register there.

Customer support is also an aspect that is much needed. There are cryptocurrency exchanges like Indus Coin that offer a 24X7 customer support system and this is essential for everyone who is taking baby steps in the world of cryptocurrency.

Think cryptocurrency and investments is the first use that comes to our mind. Cryptocurrency is much more than just investments and here are some ways in which you can effectively utilize your digital money.

Cryptocurrency has a great ‘attractiveness’ quotient attached to it. More and more people are looking to understand the dynamics of how the cryptocurrency works and what more can be done with it. The concept that originated in 2009 took its time to grow but in the last five years, it has really established itself in the financial markets. Those who are miners and those who are investors have reaped in the benefits of cryptocurrency through buying, selling and trading. Investments in cryptocurrency have yielded 8-10 times profits to investors who started early and have been constantly tracking their investments.

Trading of cryptocurrency is now an established process that you can do with digital money. However, as it this concept is strengthening its foothold, there are many options opening up for it. Here are uses of cryptocurrency, some of which you aware of while some would come as a surprise:

1. Investment/Trading

Cryptocurrency is a good way to multiply your money. Once you get cryptocurrency in hand, you can decide how much to spend from it and how much to invest. However, getting cryptocurrency from a reliable source is very important. Cryptocurrencies come in many names like Bitcoin, Ethereum, Ripple, Indus Coin etc. While going in for purchasing these, you need to check the authenticity of the service provider. Check if they display the ticker rate and symbol on their page and the exchanges where you can trade your cryptocoins.

For e.g. when you buy from a cryptocurrency exchange like Indus Coin, you will clearly understand the features and benefits offered to you on purchase of cryptocoins. The wallet that they will provide to you will be encrypted with all the safety features in-built. Technologically also, they are sound with P2P networking, dBFT consensus and digital certificates all in place.

Once you have determined the source of your cryptocurrency, you can avail off the services provided by cryptocurrency exchanges for trading. Customer support is another aspect that you must check since the currency is digital and payments are instant. Once all this is on order, you can invest your currency for trading and watch your money grow manifold.

2. Pay for Travel

The travel industry is opening to the prospect of using cryptocurrencies like never before. Hotel stays, air travel and packages can now be bought using cryptocoins. Travel operators that provide customized packages find the concept of cryptocurrency really convenient since there are no conversions required when you pay using cryptocoins and it is the fastest method of payment from an inter-country perspective as there are no middle men involved. This also works out to be the cheapest method since there is no percentage kept with the banks or financial institutions when they route your payment.

3. Pay for Education

Wherever there are diversities coming in, cryptocurrency will be preferred. In case of educational services, payments done by students to colleges (mostly fees) have always been complex. Account transfers, wire transfers, foreign currency demand drafts and such instruments are the most popular methods. However, all of these attract an additional fee when you make the payment. Moreover, these are not instantaneous. Students across the world have been looking for options that can ease this burden for them.

Cryptocurrency contains the power to change this scenario and make it simple. University of Nicosia, Cyprus is the first accredited university in the world that has officially accepted Bitcoin as a mode of payment. The payment comes through the processor Bitpay and it can be done in BTC. The University truly values the potential of this digital currency and has even started a course called Masters Degree in Digital Currency to prepare specialists for the future.

4. Crowd Funding

Crowd funding is a unique way of utilizing your cryptocurrency. Just as how any other crowd funded business works, here also you can put your money on somebody else’s business and be a part of his success. Many companies that offer funds to new businesses have created a platform using cryptocurrencies for e.g. crowd funding company called Lighthouse has a platform of Bitcoin.

The way it works is that you can donate your money from your wallet to the company for a specific business. There are no charges for the donation until your money is delegated to a specific project and that particular company meets its goals and objectives. Your funds remains safe with the crowd funding company until the project has met its criteria. This is a great way to invest your cryptocoins and completely hassle free. You can also withdraw the donation at any point of time. Cryptocoins like Altcoin, Dogecoin are also popular for crowd funding apart from Bitcoins.

5. Common Daily Purchases

Coffee shops, pizza outlets and grocery chains are opening up to accepting this new form of payment. You can transact at these outlets in the regular manner and pay up using your cryptocurrency wallet. Wal-Mart is one of the biggest names that have associated itself with cryptocurrency. Apart from these, TigerDirect, NewEgg and OverStock are also names that come in this category.

Inclusion of cryptocurrency in daily life has led to a huge change towards perception of cryptocurrency and also for clearing the skepticism that the common man still faces over the concept of digital currency.

Cryptocurrency is the currency of the future. With high returns and ease to use, this digital currency is the money for the future.

With the world getting digital, it was only logical to have a source of digital money. Cryptocurrency or cryptocoins fill up this space as they have now carved a niche for themselves in the world finance markets. Starting in 2009, the concept of cryptocoins and the fact that you could mine and earn your own cryptocoins caught the fancy of many software experts and mathematicians. Earlier, mining of coins was much easier than what it is now, and with the craze of cryptocoins catching up, pool mining or collective mining is the trend.

The reason for this is that there are only 21 million coins that can be mined. Further each cycle of mining produces only 50 coins per block and this number gets halved after every 210,000 blocks. The situation comes after every 4-5 years and this is expected to happen by 2019. Thereafter, each mining cycle will mine only 25 coins although the complexity of the equations will remain the same.

For the same reason, the year 2017 saw a 900% upsurge in the value of the cryptocurrency. For those who are open to taking risks in this ‘decentralized’ system and are looking to multiple their money in the short term, investing in cryptocurrency is a good option. Here are the basics of buying and investing in cryptocoins to give you a steady and informed start.

Understand The Concept Behind Cryptocoins

Cryptocoins are a peer-to-peer electronic cash transmission method that works on its internal network. Most of the financial systems have a centralized node and a regulatory authority. This is not the case with cryptocoins and each computer through which transactions are made keeps on getting added as a node in the network. This means that all of the transactions made with cryptocoins are recorded in a public ledger system (blockchain) which helps in maintaining transparency and also works as a safety feature. Due to this recognition, wallets and transactions get encrypted and can be done through a code only that is sent to the user.

Ensure You Always Buy Cryptocoins From A Reliable Source

You can get your cryptocurrency through two ways – first, you can mine them or second, you can procure them from a cryptocurrency exchange. The option of using a cryptocurrency exchange is the option that most laymen or consumers use. There are many cryptocurrency exchanges that offer cryptocoins through various names like Bitcoin, Ethereum, Indus Coin, but conceptually these coins are the same. All you need to do is go with a reliable service provider and one way to check this is to go through the website and see the services mentioned. For e.g. when you go to www.induscoin.info, you will clearly see their offering. One of the best features here is that you have a safe wallet to store your currency here.

To elaborate, whenever you will transact, you will need to provide a new password which is generated through encryption. However, you can view your account balance and past transactions on the go. You can download the app and use it like any other mobile wallet for the purpose of transactions. Go Slow With Your Investments

Cryptocurrency investments come with their own risk. The return on investment is humongous and therefore, if you have an appetite for financial risk, then you can go in for this option. However, start slow and do not invest huge amounts of money in cryptocurrency trading. Once you get the hang of the returns, you can buy more coins and trade them. Trading is similar to the conventional trading of Fiat currency. Look for cryptocurrency tickers on the stock exchange. They are most commonly denoted as XBT or BTC.

Keep A Track Of Your Investment

Since the risk is high, you must always check the progress of your investment. There is no Government that recognizes cryptocurrency as legal currency. However, it has thrived for ten years and is growing exponentially. The chances of any Government banning this form of currency are low; however, you must check the legalities of your country with respect to this form of currency before making the investment.

The volatility is high although the currency is immune from inflation. Tracking your investment and making sure that your value is not decreasing is the best thing to do. Also, it is worthwhile to make short term investments initially and then go for long term investments.

Explore The Multiple Uses Of Cryptocoins

The most common use for cryptocurrency has been for investment purposes, but there are also other uses of cryptocoins. If you are looking at an investment perspective and are not convinced of your decision, then be rest assured that you will not lose out on your money. There are many merchant stores and vendors who have started accepting cryptocurrency as the mode of payment. Dell is one of the notable names in this list. Grocery outlets, food and retail outlets are also joining this list where you can use cryptocurrency for buying commodities.

Travel operators and hotel operators are also exploring the option of accepting cryptocurrency. The biggest reason for this is that businesses are also looking at cryptocurrency for investment purposes. Everybody is looking at big gains from this source and therefore, the future for cryptocurrency is bright. Cryptocurrency comes with the advantage that the transactions made by using these are cheap and fast. The instantaneous nature of transactions makes them easier to track and also need minimum follow ups.

Cryptocurrency and cryptocurrency exchanges, both are riding on a wave of novelty. Under this scenario, choose your cryptocurrency exchange wisely by taking all precautions to keep your money and investments safe.

Cryptocurrency is making headlines in the financial markets like never before. Introduced in 2009, it has been on an upswing since 2013. With increasing popularity and acceptance of this form of currency, many investors are looking towards this option as a lucrative proposition that can yield disproportionate returns. Data backs these expectations as the cryptocurrency has given returns up to 700% in the year 2017. Imagine this type of return on investments and you can really multiply your money quickly.

Some trade analysts and financial experts call this a bubble and are cautioning the investors into getting into this kind of digital trading. One of the main reasons for the skepticism is that this is a decentralized currency and there is no regulating authority over it. The risk of transactions becomes high and it solely becomes the responsibility of the cryptocurrency in terms of ownership. There is also the underlying feeling that if the Government of your country bans the cryptocurrency, then your investment may be rendered illegal. However, these are only fears and so far, the digital currency has more positives to it than negatives.

So, if you are convinced of plunging into the world of cryptocurrency, then by all means do so through a cryptocurrency exchange. Cryptocurrency exchanges are online providers that help you with the process of getting your own cryptocurrency wallet and then transacting through it. Bitcoin is the oldest cryptocoin in circulation and there are many others now like Ethereum, Namecoin, WorldCoin, Induscoin to name a few. For choosing your cryptocurrency exchange, here are some precautions that you must always consider:

1. Check for currency options

There are many cryptocurrency exchanges on the internet and the parameter that you must first check is that how many options of cryptocoins are offered and currency conversions in how many currencies is available.

There are many cryptocoins with the most popular being Bitcoin and Ethereum. You must check that the exchange provides more options. Alternatively, you may go in for an exchange that provides its own cryptocurrency like www.induscoin.info. Indus Coin is represented by the ticker code IDV and since it is specific to the provider, all information about the performance of the coin on various exchanges is mentioned. Hence, there is transparency and you can do better tracking of your coins.

Your cryptocurrency exchange must provide you with the flexibility of performing transactions in other currencies. Check for the currency conversions supported by your cryptocurrency exchange which will increase your scope of both investments and transactions.

2. Security is a must!

The digital world is a place which is largely infested with hackers and mischief mongers trying to hack into your accounts or break codes for monetary gains. Frauds related to FIAT currency are so common and there have been a handful of incidences with cryptocurrency too. Therefore, while choosing a cryptocurrency exchange for yourself, check for the safety features that they provide.

The wallets provided by many of the cryptocurrency providers are encrypted with a code like that of Indus Coin. Here, when you make a transaction, it can be done only through a mathematical code known only to you and differs with each transaction. This code becomes a part of the blockchain and each transaction is noted down in this public ledger. You can view your account balance and your transactions with your basic safety features, but transactions and trading cannot be done so simply. This process blocks hackers and Trojans and keeps the money in your crypto wallet safe.

3. ‘Easy to use’ option is always better!

The concept of cryptocurrency is new but it is extremely simple as of now. Transactions happen over the internet and there is no third party involved making the chain really small. While choosing your cryptocurrency exchange, there are two points of convenience that you must consider. The registration part on the cryptocurrency exchange must be simple and the interface must be user friendly. This precaution is mostly taken by everyone. What gets missed out is the next part, the liquidity part. The cryptocurrency exchange must also provide ease of buying/selling or trading in the market. You may check for feedback online or take a quick check from someone who is also using cryptocoins as an investment tool.

4. Check for trading fees

Trading fees is the fees that exchange levies for routing your transactions through it. Now, there is no doubt that using a cryptocurrency is the safest option for using cryptocoins. What you can check is the trading fees of some of the cryptocurrency exchanges that fit your criteria. If the exchange is really serious about holding its customers, you will find the information on the website itself. If you do not, do make a query through email and get your questions answered before you take the final call.

5. Check for Customer Service Support

The trading part of cryptocurrency is precarious. It requires a lot of attention to detail in the short term and you need to constantly track it. In the process, you may also at times find misleading information. There could also be times when someone claiming to be an expert tries to misguide you. Since the entire process is digital, sometimes there may be an error in transacting that you may face and pseudo anonymity of the user may lead you to press the panic button. For all this troubleshooting, always go in with a cryptocurrency exchange that offers you 24X7 customer support service for e.g. Indus Coin.

Cryptocurrency investments are the most sought after investments in the current times. However, there are nuances of this concept and investment that every investment should be aware about.

Cryptocurrency will turn 10 years old in 2019! The amazing part of this journey of 10 years is that for the first five years of the existence of this concept of ‘digital money’, there were actually very few takers to the concept. Those who did believe in the concept were programmers or people with technical expertise in software and mathematics both. These people approached cryptocurrency more like a challenge to solve problems or crack codes for a reward that could be traded. The trading came soon after and high returns piqued the interest of all others too.

Post 2013, the value of cryptocurrency has been on an upswing with as much as a surge of over 900% in the year 2017. Cryptocurrency is surely looking stable and an extremely lucrative investment option. However, while taking the first steps in the world of cryptocurrencies, you must first do your research and understand the mechanisms associated with the investments. Here is a step by step guide that will take you through the process:

Step 1: Understand The Aspects of Cryptocurrency World

Conceptually, cryptocurrency is not a subject that is taught in any of the management institutes or financial courses. The knowledge of this subject can be gathered mostly from the internet or from existing investors. The main terms to understand here are cryptocurrency, blockchain and Bitcoin network. Simply put, cryptocurrency is a peer-to-peer electronic cash transmission method which only works within its network and not through a centralized node.

Blockchain is a kind of an electronic public ledger which records the Bitcoin transactions between participating nodes and adds it to its chain, thereby keeping the system extremely transparent. These blockchains later also lead to creation of new blocks for the purpose of mining cryptocurrency.

Bitcoin network is simply nodes or computers which are transacting on the network.

Step 2: Understand the Uses And Advantages of Cryptocurrency

Cryptocurrencies are a novel concept and hence although the uses are many, all may not be extremely popular. The uses of cryptocurrency can broadly be classified for:

• Purpose of Purchasing: This is the most basic form in which any currency can be used. Mobile wallets are already extremely popular where the wallets have become digital. This is a step ahead with the wallet and the currency both being digital. Purchasing through your digital currency can be done for a number of commodities like computers, grocery and even some food and retail outlets. All you need to check is whether or not they accept this method of payment.

• Purpose of Investment: This is emerging as the biggest use of the cryptocoin. The Bitcoin ticker symbol is BTC or XBT and you can trade it similar to the way Fiat currency is traded in the market. The difference between this investment and any other is that the mechanism of investment is just like investing in stocks, but stocks are dependent on parameters like growth of the company, turnover etc while the cryptocoins growth is dependent on only demand and supply.

• Purpose of Travel And Stay Bookings: Many online travel and stay operators have started accepting cryptocoins and this is extending to the real estate market too.

The two biggest advantages of cryptocurrency are that these are decentralized and transactions are cheap and fast. These are strength areas that will stand apart in the future and cannot be ignored.

Step 3: Compute The Surplus Money That You Can Invest

Once you are convinced of the benefits of the investment in the cryptocurrency network, you need to work out the surplus amount that you would want to invest. Wisdom says that you must start modest and check the returns for a period of at least six months before you invest a huge amount. This is a high risk investment but the returns are also disproportionately high as compared to other investment tools.

Step 4: Register On a Network And Get Yourself A Wallet

This is an important step. You need to ascertain the best cryptocurrency exchange or wallet for your needs. For the registration process, all you will need to do is buy cryptocoins from an online provider. One such reliable service provider is Indus Coin. Here, you can buy your cryptocoins and keep them safe in your wallet. The wallet has special safety features built in which provides you access to your past transactions and account balance but will generate and ask for a new password every time you wish to transact. This keeps your wallet safe from wallet-stealing viruses and Trojans.

The basic view of your cryptocurrency wallet can also be downloaded on your phone as an app so that you remain connected on the go.

Step 5: Keep Tracking Your Investment

As easy as the process sounds, it requires caution too. This is not the kind of investment where you can invest your money and then forget about it for some years. The markets of cryptocurrencies have been really volatile and fluctuations are many. The fact that this is only determined through demand-supply mechanism means that even a small hitch can impact your investment. Decentralization gives it immunity from inflation but keeps it exposed to Government regulations that may sometimes not be favorable. So, you need to be aware of these scenarios and use your investor sense to manage this money.

Cryptocurrency is making its presence felt in the world markets for sure. However, as is with all investments, you must know what you are getting into before you take your investment decision.

Cryptocurrency is what we thought the future would be two decades back. Anything virtual has always caught the attention of people across the world. In the field of finance, cryptocurrency is leading the way of virtual reality by being the first 'digital currency'. The fact that it is mined through solving complex mathematical equations on a software makes it even more intriguing.

Cryptocurrency has two unique features. Firstly, this is mined through a software. There is a specific combination of the 64 digits that creates the perfect code for one coin of cryptocurrency to be mined. This means that this is a complicated task. Also, the fact that it is a derivative of a mathematical equation makes it a novelty and there can only be 21 million in existence. This makes it a limited resource and hence, getting into it earlier than others would be profitable.

The second unique feature of cryptocurrency is its pseudo anonymity. If you have purchased cryptocurrencies, then the wallet provided to you is also encrypted and not on your name. Further, when you use the coins from your wallet, you will need to provide a 'password' which is essentially a mathematical code that will provide you access to these coins. This process happens every time you wish to make a transaction. Unlike other wallets, this is an encrypted wallet and online cryptocurrency providers like www.induscoin.info use this feature to keep your wallet secure from hackers and viruses.  

While we discussed about the ease and flexibility of cryptocurrency, there are also some aspects that you should be aware of before you make your investment decision. Here are 5 things that you should know before investing in cryptocurrency.

1. It Is Decentralized

So far we have always been using currency that has been issued by a bank or a financial institution. Cryptocurrency, on the other hand is decentralized and can be procured only through specific online providers. One such company is www.induscoin.info that offers cryptocurrencies. Since the concept is relatively new, these online providers may also hand hold you for some time to assist in your trading and investments decisions.

Decentralization also means that some Governments may not approve of usage of cryptocurrency. This did happen in the past when there was a buzz around Bitcoin cash being introduced that would further speed up the transactions instead of Bitcoins (a type of cryptocurrency). However, soon it was business as usual as these rumors were unfounded. The point here is that cryptocurrency will never be owned by any Government, however, its usage and trading is not barred so far. In fact, CME Group, world renowned options and future exchanges owner announced recently that it would offer cryptocurrency by the end of this year. This means that cryptocurrency is here to stay!  

2. It Is A Limited Resource!

Cryptocurrency is mined and hence like all things mined for e.g. gold, coal etc, this is also a limited resource. There can only be 21 million coins that can be in circulation. As time will go by, the mathematical problems needed to derive these coins would become more complex in nature. This is because all the coins that have ever been mined belong to specific blocks. With each transaction of the specific Bitcoin, the block adds some mathematical data to it, thus making the block longer and difficult to decipher.

Whatever is limited and scarce will always have a premium attached to it. So, if you make the decision to invest in cryptocoins now, they may end up getting you exorbitant returns in the future as and when they will get sparse. The same happened with many cryptocurrency owners who bought their coins in the decade starting from 2010. The value is expected to increase by 20 times by 2040.

3. It Is Not A Fool Proof Concept!

Cryptocurrency is essentially a software generated currency and therefore, the risk of your wallet getting hacked or infected by a virus always exist. Having said that, the cryptocurrency providers like www.induscoin.info have their mechanism in place to safeguard your investment, but the risk remains the same as it remains with your existing online bank accounts. This should not be a deterrent to your investment decision, however being aware is always wise.

4. Beware Of Fake Sellers

Cryptocurrency is a sought after virtual commodity at this moment. Popularity will always attract malpractices as some miscreants will try to make money riding on this wave. If you are looking to invest in cryptocurrency, make sure you only go with reliable suppliers. Since there is no authority that certifies the providers, you have to use your own discretion and take feedback from other investors like you. Sources like Indus Coin are reliable and trustworthy. You also need to ensure that you transact directly and not trust any other person who may claim to get you cryptocurrency from an 'authentic' source.

5. It Is A High Risk, High Reward Product

Hardcore investors thrive on the concept of 'high risk, high reward'. This is a product for such people. You can use cryptocurrency for trading or investment purposes. You can also use it for your online transactions if it is legal in your country. While the short term risk is high, the rewards associated are also disproportionately high.

Cryptocurrency has swept the market with what is termed as the ‘crypto-craze.’ The future of trading and transactions lies in these digital currencies and time is ripe to invest in it now!

Cryptocurrency is digital currency or digital coins which came into existence in 2009 and ever since have made its presence felt in markets across the world. This is a kind of ‘virtual cash’ which can be used like an e-wallet to buy products online, trading and transacting. However, unlike the ‘wallets’, here the currency units are not the ones recognized and backed by governments, but are generated through computer codes by miners and are totally virtual in nature.

This very feature of cryptocurrency makes it the product of the future. Now, the question is that where can you buy cryptocurrency from? Well, there are many online providers like Indus coin that provide you with the option of creating your cryptocurrency wallet through them and start transacting them for all your needs. This decentralized banking solution provides you with the flexibility of transacting anywhere in the world or keeping your cryptocoins safe in your wallet as an investment tool.

Here are 7 most compelling reasons why cryptocurrency is the future of money and here is where you should be investing now:

1. Safety

Cryptocurrency systems, as the name suggests are developed and maintained through cryptography and cryptographic security. This means that the cryptocurrency is generated by miners after solving extremely complex mathematical problems and hence automatically become extremely safe and immune to hackers.

When you invest in cryptocurrency, your wallet like for e.g. your Indus Coin Wallet as provided by Indus Coin will be encrypted by a private key or seed and every time you transact your Indus Coins, there will be a mathematical proof that will be used for the transaction. This data will only be available with the owner and will become the part of the code of the cryptocurrency block when you use it for any transactions.

In simple words, your virtual digital currency has much more safety features than your virtual money that you may stored in mobile wallets like PayTM, MobiKwik and so on.

2. Ease of use

Cryptocurrency can be easily procured through an exchange or online cryptocurrency providers. Since the entire network of cryptocurrency is online, your research for the right source may yield many names in this business. Each one is as good as the other when it comes to providing you with the product. It is the management of your account and the transparency in dealings and services that act as a differentiator. For e.g. an exchange like Indus Coin provides you with a 24X7 customer support to effectively handle your queries and resolve issues related to transactions or investments.

3. Investment tool of the future

The concept of cryptocurrency is almost a decade old but is gaining momentum now. One of the reasons for this rapidly increasing popularity is that people who have invested in cryptocurrency have made reasonably handsome profits in a small time frame. Much like trading, here also the various cryptocurrency indexes have been on an upswing. At the same time, the risk involved in trading also remains, and hence you must seek the help of a reliable cryptocurrency provider for your initial dealings.

4. Portability

Unlike banking systems, where portability across the world gets restricted owing to the different currencies being used in different parts of the world, cryptocurrency are extremely portable. These encrypted digital coins can be used for transactions across the worldwide web and have a global appeal. Indus Coins have a reach of over 140 countries with over 20 currency conversion rates.

5. Lower Risk of Inflation

Cryptocurrency has a controlled supply as these are generated through complex codes and belong to respective blocks. This means that unlike other commodities like FIAT currency, gold and silver, the risk of inflation involved in cryptocurrency is really low. The fact that it is decentralized makes it an independent entity and thus its dependency on economies of respective countries is nil.

6. Privacy of account

Each person who invests in cryptocurrency is provided with a crypto address. This is unique in nature and generated through an encrypted mechanism. This means that the physical identity of the person nowhere gets linked to the cryptocurrency transactions of that person. Even when you go through a cryptocurrency provider, your personal details are kept secure and your wallet is known only through the code. You can further protect your coins in a vault, a feature that indus Coin provides to keep your cryptocoins safe and out of circulation.

7. It IS the future!

The crypto market is on an upswing. Both the individual coin increase and the trading volume of cryptocurrency are increasing rapidly. More and more internet transactions are becoming open to accepting cryptocurrency as mode of payment. Much like stock exchange, there is a separate crypto exchange where people follow the rise and the fall of the cryptocurrency and take their trading decisions accordingly.

This medium has taken its time to grow and the fact that is has survived for nine years, without any backing from any Government, and has still managed to yield profits to its consumers, means it is here to stay. The only caution that needs to be exercised when you are going in for your cryptocurrency is that you must go in with a reliable internet currency provider. There are many emerging names in this business and security and ease of service must feature high on your list when you make this decision.