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Factors to Consider When Choosing a Cryptocurrency Exchange Site

By Jorge MilsteadOn In Guides

Different cryptocurrency exchange sites have unique requirements. You need to exercise caution when choosing an exchange site considering that some merchants are not so good. Most investors are keen on security matters, but there is more to this. That said, here are vital things to consider when looking for a good cryptocurrency exchange site.

Location

bitcoin trading patterns

Primarily, you ought to consider the physical location of the exchange company before anything else. Remember that different countries have specific legislation and policies geared towards exchange sites. This is attributed to the fact that a country government would want you to disclose personal information for taxation purposes and need to regulate cryptocurrency market. With this in mind, it is prudent to consider an exchange site that is within your country. However, you also need to be cautious and settle for a site that matches your specific personal and investment goals.

Payment method

You also need to be sure of the payment methods applicable in an exchange site of choice. It is vital to know that different cryptocurrency exchange sites have unique payment methods. For instance, some allow cash payments, credit cards, wire transfers and others may even accept PayPal. That said, choose an exchange site that gives you the freedom to deposit and withdraw at your convenience. More to this, you need to be sure of fees applicable to various payment method. This will enable you to settle for an exchange platform that will help you cut down costs.

Cryptocurrency used

currency acceptedToday, there are quite many cryptocurrencies in the market. To mention a few they include, bitcoin, monero, and zcash among others. Therefore, as you choose a cryptocurrency exchange platform, know the currency used on that site. With this in place, you are certain of settling on an exchange platform that will serve you best. On the other hand, trading is not just about choosing a given cryptocurrency; you need something with a proven reputation.

Reputation of the exchange site

There are many cryptocurrency exchange sites. Some are genuine while others are out to exploit potential investors. In most cases, large sites are better compared to small sites. This is because incidences of frauds on such platforms are rare. One way to help you find out is to find out a good site is to look through online reviews and see what other investors have to say. If a fair share of people recommends a specific merchant, the chances are that it could be the best for you.

As a tip, https://kryptogenie.com shares a list of reputable websites that will help you trade your digital assets safely.…

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Importance of Digital Currency in the Travel Industry

By Jorge MilsteadOn In Travel

The travel industry is currently facing a lot of problems all over the world. This is because it has become expensive to travel. Not only do individuals have to pay vast sums of money for their flights or hotels, but they also have to spend more on the destinations. This has therefore led to a drastic drop in the rate at which individuals travel. However, there has been an additional method of handling payments that individuals have embraced and that is the digital currency method. Bitcoin and Ethereum are established digital currencies that have been accepted by the travel industry. This article enumerates some of their benefits.

Benefits of digital currency in the travel industry

Elimination of high fees

coinOne of the most significant benefits of digital currencies is that their transactions are free. Therefore, the use of digital currencies eliminates one of the significant problems travelers face, and that is the conversion fees. Moreover, withdrawing money in a new country can be quite costly. Thanks to digital currency, individuals do not have to encounter such problems. Bitcoin, for instance, is the most popular cryptocurrency at the moment. Individuals can use it to make payments in a simple process at no cost without having to worry about any additional fee.

Helps to prevent fraud

When traveling to a new country, it is easy to become a target of a scam. Therefore, using digital currency is highly recommended because no one will know your identity or even any information on the credit card being used. All individuals have to do is to access their digital wallets and make the purchases as they see fit.

Fast processing of payments

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Another benefit of digital currencies is that making payments is an instant process. This, therefore, saves individuals a lot of time as they do not have to wait for payments to be processed. They can book a flight or a hotel instantly, and the results are worth it in the end.

 

Availability of banks does not matter

When traveling, individuals may get to a place where the banks they use are not available. This is because some banks are local thus they are not found everywhere in the world. The use of digital currencies eliminates this issue because the use of banks is not needed. Individuals handle everything on their own using their digital wallets. In addition to this, there are no additional costs that banks make individual incur like the withdrawing charges.…