Like fiat currencies, cryptocurrencies function as a medium of exchange. Because it is based on cryptography, cryptocurrency is difficult to counterfeit. Cryptography protocols are used to make transactions safe and to control the process of new coin creation.
Because cryptocurrencies are not tied to any particular country or central bank, the value of the coin depends on factors such as usability, demand and supply. The more a cryptocurrency is used, the more its value rises. Contrary to bank transactions, Cryptocurrency offers faster, cheaper and an easier way to send and receive money worldwide.
In Kishore M cryptocurrency workshop you will learn how to trade cryptocurrency. Even the beginners can learn cryptocurrency attending Kishore M cryptocurrency workshops.
To start trading cryptocurrency you need to choose a cryptocurrency wallet and an exchange to trade on. From there it is as simple as filling out a form and waiting for the transaction to process (once your information is verified with the exchange you pick).
In other words, if you want to trade cryptocurrency you need:
- A cryptocurrency wallet (or two).
- A cryptocurrency exchange (or two) to trade on.
A beginner should start by choosing a company with a good reputation that offers an exchange and wallet (to help keep the process simple).
A beginner should also start by trading prominent coins. Currently, in 2018, we are referring to coins like Bitcoin (BTC) and Ethereum (ETH). In the future, this could change.
Since the above is the case, a good start for anyone wishing to trade cryptocurrency is starting with a very popular exchanges such as Coinbase, CEX etc… especially those who accept deposits in fiat curreny i.e. in dollars or other common currencies. Kishore M will teach you how to open a wallet, open account in exchange and trade in cryptocurrencies.
The most important thing to remember before you start trading is that there is a chance you could lose your entire investment.
The cryptocurrency markets are very volatile, and although some people have made lots of money, lots of people have lost money too. You should never trade with any amount that you can’t afford to lose.
How you deal with your losses will determine your success as a trader. Here’s some important advice — never try to earn your losses back by investing larger amounts. This is investing with emotions, and often causes people to lose a lot of money. In Kishore M workshop you will learn risk management and how to trade cryptocurrencies profitably.
In cryptocurrency another major factor is security of your wallet. In Kishore M cryptocurrency workshop you will learn how to safely keep your cryptos from getting lost, theft, damage etc… There are many bitcoin holders who bought at the beginning of 2009 the year when all this started, has lost there bitcoins due to damage of hard disk or they just simply forget the details.