How to make money from Digital Coin Trading?

Make Money Through Digital Coin Trading

In this article, we are going to teach how we can make $500 in a day with coin Trading. But before we start it is necessary for us to know what is digital currency ? Those who are new to this term please visit our other blogs.

Do you know in trading there are four major revolutions happened so far since human life came into existence? The oldest system was barter where goods were exchanged in place goods. Then gold and silver and the latest was Forex trading. But do you know future belongs to Digital Coin Trading?

It’s very easy to make $500 in a day with coin Trading the only condition is that you should know your coin and it’s behavior.

We will share a real example where we made 7 BTC in the week which is around $7205. On an average, we made more than $1000 in a day.

 

Analysis of Coin and It’s Behavior

  1. Coin Analysis 

In order to analyze any coin ask these three questions from yourself. Why was this coin invented? Does it meet the purpose for which it was introduced? what is the probability of its growth in future ?. If you know the answer to these three questions and you have studied the coin behavior of last 3 months we guarantee 99% you will make the profit from your first trade.

 

Case Study

We were following few coins which were quite popular from trading perspective and RIPPLE was one of them.  It was introduced for the banking sector. So we had a high expectation from this coin but it was not performing well. But on 20th March a notification from Ripple landed in my inbox. Here is the Screenshot.

 

Coin Trading

The moment we saw this email we came to know that value for this coin is going to increase in future. But we had no idea that it is going to increase by 350%. So we bought this coin and at that time it’s value was .00000916 BTC per coin. But when we sold its value was .00003243. We converted 3BTC into 10.62 BTC. Which was completely unbelievable for us. It was like we hit the JACKPOT.

 

2. Coin Behavior

It’s basically to know how coin behaves in the entire day. We have noticed all coins take leap at least one time in a day. That is the moment when we can make money. The best way to monitor and review coin is through cryptocompare this website provides daily, weekly, monthly and yearly data of many coins.

 

 

Make money

How to do exchange trade ?

 

You will be surprised to know that the money we made was not made with professional trading which is also known as marginal trading. because we have no experience of trading. what we did was a just exchange of currency which is a part of the trading platform. You can also do this with coinpayment or any website who provide exchange facility.

 

  1. Create a trade account

First, select the coins in which you want to trade then choose the website which supports these coins. Because of many website trades in limited coins only. We would recommend going for poloniex because they deal in maximum types of coins. Following are the coin trading websites.

(A) Poloniex
(B) Bitrex
(C) Hitbtc
(D) Livecoin
(E) Exmo

Make money 2. Need sufficient Fund.

We need sufficient fund to make the trade effective. As a trader, we should keep one thought in mind that buying and selling both are the opportunity to make money. We should not only focus on selling at higher price. But if coin goes down from its base value then we need to ready to buy. The base value here means the value from which neither coin went down or went up. In other words, we can say lowest or highest point.

 

Please see the screenshot of Poloniex. There are two columns one is to buy coins and other is to sell.

Make money

 

 

How to Earn Money from Bitcoin Faucet

What is Bitcoin Faucets and how to earn money by creating our own faucet ?

Bitcoin Faucets are websites who give Free bitcoins for doing simple task like watching an advertisement, solving captcha or some times only supplying your details to them. So the question arises why they are distributing free bitcoins to us. In this article we will share every thing related to faucets and how to earn money from them . Usually faucets give lowest denomination of bitcoins called satoshi. And here is the calculation of Satoshi in bitcoins

1 Satoshi = 0.00000001 ฿

100,000 Satoshi = 0.00100000 ฿
1,000,000 Satoshi = 0.01000000 ฿
10,000,000 Satoshi = 0.10000000 ฿
100,000,000 Satoshi = 1.00000000 ฿

 

Earn Money

 

 

Most of the websites are providing maximum 10,000 Satoshi in one go some are providing more than that as well. I am not sure have you ever noticed this or not but most of the website has a time restriction to claim the satoshi again. The reason behind is to earn money from Adsense.

 

Believe it or not but you can make Make $500 per month by running your own faucets. 

 

 

How to create Faucet 

  1. First of all we need to host an website and we would recommend to go by wordpress as it will ease our job for creating faucet. Because they have ready made plugin for BTC Faucet.
  2.  Now we need to buy micro payment process for Bitcoin so that we can make payments in Satoshi. You can buy from Faucethub
  3. In order to protect the wallet from bot abuse we also need to buy Capctha keys from Solvemedia
  4.  Now supply all the required details in plugin.
  5. Fund your wallet and activate your faucet account

 

 

 

How to Earn money from Faucets

Here will cover all the aspects through which we can earn money from Bitcoin Faucet.

 

Google Adsense

When ever you visit any faucet website you will find lots of banner advertising from google and this is the main source of  their earning. So the purpose behind this is simply to bring the traffic on our website in order to make them click on our ads. Which would eventually generate more money as compare to the given satoshi’s.

Visiting Faucets and claiming Satoshi can never give you substantial money but running your own can. But we need to make sure that we have good volume of traffic. Else it will only bring you loss.

 

Faucet Rotator

Faucets business is growing at very fast pace and due to this people came up with new concept called faucet rotator. It is referral platform where most of the companies display their faucets add .  And in exchange they charge commission for bringing traffic on website.  So it opens altogether a new door to increase our earning. So we can list our faucet account to these website to get more traffic.

 

Affiliate Links

We can use affiliate links on our website like good Trading platforms, Popular bitcoin wallets, Bitcoin gambling and casinos . They provide pretty good percentage on affiliate commission.

 

 

 

 

 

 

 

What is Bitcoin and How it’s going to change the world’s financial Structure

 

Bitcoin

Bitcoin is a Digital Currency and a payment system which was created by a programmer name Satoshi Nakamoto. It was introduced in October 2008. Bitcoin is the first decentralize cryptocurrency where no physical paper and bank was required in order to make the transaction. This is what it makes so popular and robust itself which predicts it’s upcoming future. Most of the flaws which we currently have in our monetary system can control under bitcoins. For example like our current biggest problem in the economy is fake currency where we can print paper currency more than it’s actual value and we don’t have any control over it. In Bitcoins, this is not possible because we already know there are 21 billion bitcoins we can ever produce. So we have an open ledger to identify any fake transaction.

Since Bit coins numbers are already fixed so generating fake is not at all possible in this system. Now the question arises if numbers are fixed then how can it be possible for the entire world to use this currency. Then the solution is already available it has divided up to eight digits and the lowest digit is called satoshi. This means as soon as the uses increase value of each Satoshi is going to be increased. That’s why we see lots of ups and downs in Bitcoin value on a daily basis.
Now the next question is how to buy bitcoins ? There are lots of vendors available who provide wallets. Given link will provide you all details about bitcoin wallets.

Future Of Bitcoin

 

 

 

Bitcoin
Every one has its own view but future is not certain for this digital currency. With numerous benefits, it has some serious flaws. Due to decentralization tracking payment and its source of origin could be a difficult task as we completely need a different management for this. Most of the people finding this as a good finance system for illegal activities which is a raising alarm of its controlling and tracking. And due to this some of the countries have banned the bitcoins. But as per the experts, this is the future currency which we are going to use and have unlimited benefits. It works 24*7 with less fee and peers to peer instant transfer as compared to the bank where there is working time slot, transfer takes time and it cost a lot of money as well.

So there is a race of collecting bitcoins as many as we can. We never know how much rise it can take in future and how much profit we can earn with few numbers of Bitcoin. In the year 2009 1 Bitcoin was somewhere $6 and in 2017 it reached at $1100 by looking this it seems it has a great future. At this point of time, Bitcoin investment will definitely give us good return as compare to any other investment but we need to make sure to follow the Bitcoin price chart in order to estimate the future. It gives an idea of rising and fall of the currency and duration of its stability

Current Challenges in Bitcoin

 

Transaction Volume

 

Bitcoin Transaction volumeThe biggest debate over this is how it is going to handle the volume of transaction. like it’s competitor visa handles around two to three thousand transactions per second. And It has potential to handle over 60,000 transactions per second. whereas bit coin supports only seven transactions per second. This means as soon as volume increases payment confirmation duration will also increase. Imagine you went a grocery shop and made the payment via Bitcoin and it taking more than half an hour for payment confirmation. We surely don’t want any such currency at the cost of our time. Before we start considering this as a future currency. We need to understand it should have at-least all the features which we currently have in our monetary system.

Now the only solution is that they have to increase the size of the block. But we can’t increase more than 1 mega byte from its current size. So the maximum it is going to handle is 27 transactions per seconds. This is still not enough to meet our market demands. As per the experts, we need to change the bit coin block structure completely before we accept this as a global currency. So it is too early to say that it is going to be our main stream currency.

 

Security

 

Bitcoin
It is the next most challenging and serious issue associated with this currency. A Trojan is able to capture the wallet details stored in hard disk and can get access to your account. There were much news in the past where bit coins were stolen. Some secure hardware wallets are available but those are quite expensive and still out of reach from common people. This is an area where we need improvement on an immediate basis. No one would like to have that currency which has a security issue.

 

 

Decentralization

 

We all are the aware thing which is our greatest strength is also responsible for our weakness. And same goes this with Bitcoin. Due to its decentralization smugglers and drug dealers using this currency as a payment method. Here we are not compelled to provide any explanation no need to file any paper against the payment transfer. We can simply transfer money to the recipient without any interference. Currently, there is no solution in this area. But we surely need to work on this. Otherwise, the dream of making its main stream currency will never be possible.

 

 

 

All we need to know About Bitcoin Wallet And Virtual Money

 

How to buy Bitcoins .?

 

Bitcoin

 

Place from where we buy and keep our Bitcoin are known as Bitcoin wallet. These wallet provide address through which we can receive, transfer, buy and sell Bit coins. There are many vendors across the world who provide Bitcoin wallets with multiple features.Most of the companies does not allow non resident to register due to multiple reasons e.g Government restriction, Difficult to authenticate person identity and unable to verify their documents.

 

But there are many companies who offer Bitcoin wallet worldwide and any one can open account with some valid ID proofs. e.g CEX.IO , Coinbase They not only provide us wallet but trading platform as well. Most common feature of any wallet is receiving, transfer, buying and selling of bit coins. Along with these some of them provide us facility like buying through credit card or with multiple other currencies like USD, EURO and INR. We can also see current bitcoin value against other local and popular trade currency.

Here are some of the the sites to buy bitcoins.

 

  1. Coinbase

  2. Coinmama

  3. .Unocoin

  4. Yobit

  5. Paxful

 

We are sharing a list of website where we can choose according to our country and need. It is necessary to review all the feature of Bitcoin wallet before we decide to buy bitcoin. Bestbitcoinexchange

Price of bitcoin fluctuates almost in every second. So it is good to Refer bitcoin exchange rate before buying. There lots of good sites which will provide detail information about rise and fall of prices in entire day. Therefore we should also subscribe bitcoin news for regular update.

 


Features need to look before opening an Bitcoin wallet


It is important to review the features before opening an account because every wallet won’t be beneficial for us. If we are investor then slight high fee won’t be a big problem if wallet has many other good features. But if we are Bitcoin trader then it is completely opposite . Because we know transaction volume would be very on average basis which will lower down our profits.

  1. What is the lowest denomination they allow us to transfer and it’s fee . Like Unocoin does not allow less than .005 BTC to transfer and their transfer charge is .0002 BTC. On the other hand CEX.io transfer fee is .0005 BTC per transaction.

2. Does our wallet provide the facility to exchange in local currency. E.g we want to sell bitcoins in USD and that currency is not available in wallet.

3. Does it allow multiple payment option like Credit card, debit card and wire transfer.

4. How much margin they have in bitcoin exchange . We have found the margins are between 40 to 80 USD per 1 bitcoin. And this could vary from wallet to wallet. There are various options available over internet through which we can check the real time prices. E.gBitcoin chart, This site provides detail information in more than 20 currencies across the world.

 

Now we are going to discuss types of Bitcoin wallets.

 

1. Online & Web wallets Bitcoin Wallet

 

Web based are widely popular where we get an personal key to login and access our wallet. All above online website which we just discussed comes under online wallets. It is very convenient and we can access anywhere in the world. The only disadvantage is that all our credential in hands of third party which can access our account if they want. Usually renowned company will never do this but if we have high number of bitcoins in our wallet then this would certainly won’t be a good option.

2.Hardware Wallets


it is one of the most secure wallets currently available. Private keys are stored in secure area of micro-controller and never transfer out of the device. It is almost impossible for malware to access this device without our permission. Now hardware itself has many types of wallets.

Following are some of the popular hardware wallets

Trezor:-

 

Trezor Bitcoin Wallet
Hardware Bitcoin Wallet

 

 

It is an device which keep our private keys stored and does not allow to go out on internet. Which means even if it connected with an hacked computer our wallet is 100% safe from the attacker. Even if device is lost or stolen we can recover the details from other Trezor or any other recovery seed compatible wallet.

 

 

USB Hardware wallet

 

USB Hardware Bitcoin wallet
USB Hardware Bitcoin Wallet

 


In this certified we use micro processor which is capable to revoke any types of cyber attack. The device simply can connect to our computer with USB port and allow us to access our account with private keys. It is Very convenient to carry and easy to access.

 

 

BlochsTech card:

 

Harware Bitcoin Wallet
Hardware wallet for shopping

 

it is same like our debit or credit card and QR codes based wallets. which we will soon use for shopping and purchases. Debates are going on that this is going to replace the visa card across nation but that will be too early too say as we already no the limitation of transaction processing with bitcoin. But once we resolve all the major issue then yes this could be one of the best Bitcoin wallet we are ever going to use.

3.Desktop Wallets.

 

Desktop Bitcoin Wallet
Hardware desktop Bitcoin Wallet

 

 

This is also one of the most secure  Bitcoin wallet which we can install and access on our computer

,It also provide wallet backup in case if something happens to the computer we can recover the data. most important thing is here is that our private keys are not in the hand of third party. These are stored in our system.But still not secure as compared to Hardware wallets. There are several companies who provides desktop wallet. Like multibit, electrum, bitcoincore and Armory. This is probably not the best as compare to hardware wallets but still one of the popular.

 

 

4. Mobile Wallets:-

 

 

Mobile Bitcoin wallet
Mobile Bitcoin wallet

 

Here we need to download the app to our phone. We can login with our personal key and can access the wallet same as we do in web. we can buy, sell , receive and transfer bitcoin. We can access this anywhere as it is installed in our phone but from the security point of view this not the safest option to carry high number of bitcoins. From hacking point of view Android is the most vulnerable gadget. We have read lots of incident where entire phone was hacked and there lots of application available to hack the android phone.

 

The conclusion is that rather choosing the wallet blindly first we need to look our requirements and then choose the wallet wisely. And we also found if we have high number of Bitcoins then choosing hardware wallet probably be the best option we should go for.