How to Guides

How to Guides2021-01-07T12:32:47+00:00

Looking to get started with Crypto?

Our useful how to guides are here to help you get started with Crypto! So if you are planning to buy your first bitcoin and have no idea where to start let our dedicated guide for newbies guide you. Be it buying your first Bitcoin, or buying your first Ethereum, trading your bitcoin or other crypto assets or simply relaxing and using your crypto to playing on a crypto casino we’ve got you covered. We even assist you with guides on how to do your crypto taxes. We’ve got you covered.

How to guides

How to buy Bitcoin

How to buy Bitcoin? This is our how to buy Bitcoin guide! To start buying Bitcoin, it's necessary to sign-up to a trustworthy crypto exchange, buy Bitcoin via your bank, card or PayPal – and then select how to store your digital currency with a crypto wallet. Lets

Categories: How to guides|
Read More

Other FAQ

Who regulates Crypto Exchanges?2021-01-12T16:05:37+00:00

In most countries around the world crypto exchanges are regulated by national bodies who handle financial services and investments and securities. Some countries have a dedicated regulation for crypto asset trading.

How old do I have to be to trade crypto?2021-01-12T16:06:46+00:00

Trading is typically restricted to people under the age of 18-21 and this is subject to your national laws. Not that you will typically not pass KYC (know your customer) at onboarding if you underage and if you do manage, you will certainly have trouble withdrawing your funds.

What can I trade in a crypto exchange ?2021-01-12T16:07:55+00:00

Trading in a crypto exchange is straightforward, after signing up, putting funds in your account, you can buy crypto by selecting the cryptocurrency you wish to buy, observing the price you want to pay, and pressing buy.

Are Crypto Exchanges different to online trading platforms?2021-01-12T16:09:28+00:00

Crypto exchanges are not really that different to online exchanges and trading platforms. The key difference is that a crypto exchange allows for cryptocurrencies to be traded. This should not be mistaken for crypto to crypto only, most crypto exchanges allow you to trade against currencies.

Are Crypto Exchanges Scams?2021-01-12T16:10:46+00:00

No, not all of them at least. Nowadays we can say that they are certainly less scam crypto exchanges than before. What you might want to watch out for are crypto exchanges that list insane volumes of ICOs and their associated coins. It is here where you can get caught in a scam.

What should I watch out for on Crypto Exchanges?2021-01-12T16:12:15+00:00

Be highly cautious of crypto exchanges who do not share a proper address or company registration. Further to that look for a license from a regulated body. Finally before signing up check fees to see if they are feasible for you.

How do I pick the right crypto exchange?2021-01-12T16:13:09+00:00

Picking the right crypto exchange is very much about what your trading intentions are. If you are looking to buy some main cryptocurrencies like bitcoin and ethereum and just hold onto them (aka. HODL) then a more simplistic exchange might be for you. If you are thinking about day trading then some of our more advanced crypto exchanges would probably be for you and in that case, you should look for volume of pairs and volatility available.

Is Crypto trading regulated?2021-01-12T16:38:06+00:00

That’s quite a big question as regulation varies considerably across all countries. Dedicated regulation around cryptocurrency based business, such as crypto trading have been seen in countries like: Germany, Gibraltar, Malta, Switzerland, Delaware and other US states such as Wyoming. There’s also been a push for regulation in places such as Thailand and Vietnam where cryptocurrency is a popular patent method especially for those who don’t have bank accounts. Such regulatory setups are usually applicable to crypto exchanges, ICOs, brokers, wallet providers, advisers, and asset managers. Most countries have recognised crypto trading, but have not drafted new laws around it, rather they have opted to adhere crypto trading to their national securities and tradings laws. 

 

 

What is a Crypto Exchange?2021-01-12T16:42:11+00:00

Cryptocurrency exchanges are online platforms in which you can exchange or trade one kind of digital asset for another based on the market value of the given assets. The most popular exchanges are currently Binance and GDAX. It is important not to confuse cryptocurrency exchanges for cryptocurrency wallets or wallet brokerages.

What is a Crypto Wallet?2021-01-12T16:42:44+00:00

A cryptocurrency wallet is a software program or piece of encrypted hardware that allows individuals to store private and public keys. They system interacts with various blockchain systems to enable users to send and receive digital currency and monitor their balance. If you want to use Bitcoin or any other cryptocurrency, you will need to have a digital wallet.

Is Crypto Safe2021-01-12T16:43:37+00:00

Crypto is as safe as the organisation who makes it and the individual who stores it. Never buy cryptocurrencies (alt coins) you have not done research on. If it seems too good to be true it probably is. Always look at governance of the ledger or exchange you are buying from to see how the organisation plans to manage their coin storage. Storing crypto is also your responsibility, doing it safely requires a hard wallet and keeping your private keys safe.