7 Advantages of Cryptocurrency

Cryptocurrency is a digital alternative to using credit cards or cash to make everyday payments in various situations. It continues to develop as a viable alternative to traditional payment methods, but still needs to become more stable before it can be fully welcomed by ordinary people. Let’s take a look at some of the many benefits of using cryptocurrency.

Fraud – Any problem with fraud is minimized because cryptocurrency is digital, which can prevent reverse or counterfeit payment. This type of transaction can cause a problem with other traditional payment options such as credit card due to chargebacks.

Identity theft. When using cryptocurrency, there is no need to provide personal information that could lead to identity theft. If you use a credit card, the store is given a lot of information about your credit line, even for a very small transaction. Additionally, credit card payment is based on a pull transaction where a certain amount is required from the account. When paying with cryptocurrency, the transaction is push-based, which allows the account holder to send only the exact amount of the payment without additional information.

Versatile use. payment in cryptocurrency can easily be made to meet certain conditions. A digital contract can be created to make a payment at a future date, refer to external facts, or obtain third-party confirmation. Even with a special contract, this type of payment is still very fast and efficient.

Easy access. the use of cryptocurrency is widely available to anyone with access to the internet. It is gaining popularity in some parts of the world, such as Kenya, which has almost 1/3 of the population using a digital wallet through a local microfinance service.

Low Fees – It is possible to transact cryptocurrency without paying any additional fees or charges. However, if a digital wallet or third-party service is used to store the cryptocurrency, there will most likely be a small fee.

International trade. this payment type is not subject to country-specific duties, transaction fees, interest rates or exchange rates, making cross-border transfers relatively easy.

Adaptability. With nearly 1,200 unique types of cryptocurrencies on the global market, there are many opportunities to use a payment method that fits specific needs. Although there are many options for using coins for everyday use, there are also those that are designed for a specific use or a specific industry.

How cryptocurrency trading software helps grow your crypto platform

Cryptocurrency trading software package is an integrated system to manage all aspects of cryptocurrency trading platform such as buying, selling, exchanging, lending, MLM and affiliate management, conversion, live market comparison and analysis etc. of all types of cryptocurrencies.
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Important features you should consider:

Buy, sell and exchange. Nishue is an impressive trade management system that offers a smooth and secure methodology for your users to effortlessly buy, sell and exchange cryptocurrencies.
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Credit system management. This system is fully brokered, has a system to manage the Crypto lending service, such as offer management, storage and monitoring, etc.

Unique admin module. Nishue features a secure and advanced admin module so you can control your cryptocurrency exchange end-to-end.
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Individual customer profile. A separate customer profile module that helps your users easily track and check all open deposit or withdrawal orders, entries, transactions, etc. with just one click.
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MLM and Affiliate Management. These marketing-ready automation tools make it easy to manage your level affiliate commission, investment history, and documentation.

Market comparison and converter. two additional systems have been integrated for direct Crypto comparison, conversion and depth analysis.

How does cryptocurrency trading software help grow your crypto platform?

Deposit and withdrawal of coins. A crypto trader has to maintain a huge deposit and withdrawal request every day. Commercial software support to manage your activity with its auto tuning algorithm.

Coin pack and lending offer. Keep your different coin pack and credit offer with your customer. You can create, manage and promote your offer using a well-designed package.

Level wise committee. If you are following an MLM strategy to reward your affiliates and are worried about setting their commission. Ok, it is ready to automatically calculate their level wise commission.

Notification and risk management. Every crypto trading platform should set up a push notification system to keep itself and its client up to date on the most alarming issues, thus helping to eliminate risk. In this case, the system design is completely perfect.

Multiple payment gateway. You can integrate your cryptocurrency wallet, local currency, Payeer Even Mobile Banking system as a payment method within this software to make your transaction hassle-free.

Daily, weekly and monthly ROI. Worried about maintaining your stated ROI? This cryptocurrency trading management software can automatically calculate ROI, commission and others as per the instruction you give.

Free responsive website. it should be integrated with our system for a fully responsive, SEO-optimized dynamic website, and it’s completely free. It will help you manage your business smoothly.

Crypto comparison, conversion and in-depth analysis. Crypto live market cap & coin converter two plugin system integrated for live Crypto comparison, conversion and in-depth analysis.

100% secure system. Commercial software is designed with high security in mind. This cryptocurrency trading program uses a secure integer framework, two-factor authentication and many other security systems.

The ultimate suite exclusively for on-site cryptocurrency trading, allowing users to trade Bitcoin, Bitcoin Cash, Ethereum, and Litecoin with Coinbase. Built on the same technology that powers Nishue software, it includes proven market-leading tools developed over 25 years to provide both professional and active cryptocurrency traders with a better experience than what is currently offered in crypto-only – by commercial solutions.

Are you planning to start your own cryptocurrency exchange platform?

If we look at the most influential developments of recent times, the first thing that comes to our mind is undoubtedly cryptocurrency. People have made huge profits by investing in cryptocurrencies like Bitcoin and more at the right time. Many have also managed to thrive simply by providing a cryptocurrency exchange platform for investors to trade cryptocurrencies.

Setting up the exchange is pretty easy. but you should know a few basic things before you start your own exchange.

Let’s look at them –

Do you have a target audience in mind?

One of the most important things to consider before creating any business platform is to identify your target audience. It is the same here.

When you plan to create a bitcoin exchange platform, the first thing you need to analyze and figure out is the audience you are going to target.

For example, with Bitcoins, you can target both local and global audiences. So you need to figure out who your target audience is and then plan the development process. Why is this important? Well, you will learn about it in the following sections.

Do you understand the legal terms?

The second thing you need to consider is the legal terms and conditions you need to follow.

There is a lot of buzz about the legal aspects surrounding cryptocurrency, but you might be surprised to know that there are 96 countries where Bitcoin transactions are still unrestricted.

So, creating a cryptocurrency exchange platform while targeting these countries might be the best idea.

Remember to always thoroughly research the legal guidelines that apply in the area you plan to operate from.

Do you have a partner bank?

Another thing to remember here is that you will need a partner bank. The simple reason for this is that you are going to be dealing with financial transactions.

To ensure that financial transactions go smoothly and hassle-free, you need to ensure that you have the right support in the form of a partner bank.

Therefore, you should contact several banking institutions to see if they can help you and understand their terms and conditions.

Do you have the right partner to develop the platform?

The most important step in the process is finding the right professional who can help you create a secure platform. Why we specifically mentioned the term secure is because the huge popularity of cryptocurrency has made these exchanges the first target of hackers.

To make sure your reputation doesn’t take a hit due to something unwanted, you should focus on creating a secure platform. You can easily achieve this by hiring an experienced developer who knows all the ins and outs of the industry.

For example, they can test the platform by simulating a malicious attack and see how your cryptocurrency exchange stands up against it.

Conclusion

This last point summarizes the main things you should keep in mind when planning to build a cryptocurrency exchange platform for yourself. After getting the answer to these questions, you can easily go ahead and continue development and make some profit.

But, remember to take all necessary legal, compliance and security measures if you want to be in this game for the long haul.

So are you ready for it?

International cryptocurrency regulations will create win-win situations

the background

Initial coin offerings on blockchain platforms have painted the world red for tech startups around the world. A decentralized network that can allocate tokens to users who support an idea with money is both revolutionary and rewarding.

Profitable Bitcoin turned out to be an “asset” for early investors, generating multiple returns in 2017. Investors and cryptocurrency exchanges around the world capitalized on the opportunity to write huge returns for themselves, leading to the rise of many online exchanges. Other cryptocurrencies such as Ethereum, Ripple and other ICOs promised even better results. (Ethereum grew more than 88 times in 2017).

While ICOs got millions of dollars in the hands of startups within days, the ruling governments initially decided to follow the fastest ever fintech development, which had the potential to raise millions of dollars in a very short period of time.

Countries all over the world are considering regulating cryptocurrencies

But regulators have been cautious as the technology and the effects behind it have gained popularity as ICOs began to raise billions of dollars — that too on proposed plans written in white papers.

It was in late 2017 that governments around the world seized the opportunity to intervene. While China banned cryptocurrencies altogether, the SEC (Securities and Exchange Commission) in the US highlighted the risks to vulnerable investors and suggested treating them as securities.

SEC Chairman Jay Clayton’s latest cautionary statement, issued in December, cautioned investors, stating:


“Please also recognize that these markets span national borders and that significant trading may occur on systems and platforms outside of the United States. The funds you invest can quickly travel abroad without your knowledge. As a result, risks may increase, including that market risk. regulators such as the SEC may not be able to effectively prosecute bad actors or recover funds.”

This was followed by concerns from India, where in February Finance Minister Arun Jaitley said that India does not recognize cryptocurrencies.

In a circular issued by the Central Bank of India to other banks on April 6, 2018, banks were asked to sever ties with companies and exchanges engaged in trading or dealing in cryptocurrencies.

In Britain, the FCA (Financial Conduct Authority) announced in March that it had formed a cryptocurrency task force and would receive support from the Bank of England to regulate the cryptocurrency sector.

Different laws, tax structures in different nations

Cryptocurrencies are basically coins or tokens that have been launched on a cryptographic network and can be traded around the world. Although cryptocurrencies have more or less the same value around the world, countries with different laws and regulations can produce different returns for investors who may be nationals of different countries.

Different laws for investors in different countries will make calculating returns a tedious and difficult task.

This will involve investing time, resources and strategies that will cause unnecessary length of processes.

The solution

Instead of many countries developing different laws for global cryptocurrencies, there should be a single global regulatory body with laws that apply across borders. Such a move will play an important role in expanding the legal trading of cryptocurrencies worldwide.

Globally focused organizations like the United Nations (UN), World Trade Organization (WTO), World Economic Forum (WEF), International Trade Organization (ITO) are already playing an important role in bringing the world together on various fronts.

Cryptocurrencies were formed with the basic idea of ​​transferring funds around the world. They have more or less similar value in the exchanges, except for the minor arbitrage.

A global regulatory body governing cryptocurrencies worldwide is the need of the hour and can set global rules to regulate the newest mode of financing. At the moment, each country is trying to regulate virtual currencies through legislation, the development of which is in progress.

If the economic superpowers with other countries can build a consensus to introduce a regulatory body with laws that do not recognize national borders, it will be one of the biggest advances in designing a crypto-friendly world and promoting the use of one of the most transparent fintechs. system ever – blockchain.

The general regulation, which consists of subsections related to cryptocurrency trading, refunds, taxes, penalties, KYC procedures, exchange-related laws and punishment for illegal hackers, can give us the following: advantages.

  1. It can make profit calculation much easier for investors worldwide as there will be no difference in net profit due to uniform tax structures.

  2. Countries around the world can agree to share a portion of profits as taxes. Therefore, countries’ share of taxes collected will be uniform across the globe.

  3. The time involved in setting up multiple committees, drafting bills, followed by debates in the legislative arena (such as the Indian Parliament and the US Senate) can be saved.

  4. You don’t have to go through each country’s strict tax laws. Especially those involved in multinational trade.

  5. Even companies offering tokens or ICOs will comply with said “international law”. Therefore, calculating post-tax earnings will be a piece of cake for companies

  6. Globalization will require more companies to come up with better ideas, thereby increasing job opportunities around the world.

  7. The law may be assisted by an international watchdog or global currency regulator, which may have the power to blacklist an ICO offering that does not comply with the norms.

That’s not all the benefits when it comes to a law that will regulate cryptocurrencies worldwide. There are certain disadvantages also.

Getting the world’s financial leaders to come together and craft legislation can take time. Discussions and bringing them to consensus can be difficult

  1. Countries or economies that provide tax-free structures may not agree to adopt a law that provides for a universal tax policy;

  2. A global watchdog or regulatory intervention in monitoring ICO-related regulatory developments may not go down well with some countries.

  3. Universal law can cause the world to divide into factions. Countries that do not support cryptocurrency, such as China, may not be part of it.

  4. The law may be the brainchild of economically strong states, who can craft it to suit their best interests.

  5. This law will be centralized by having a global regulatory body unlike cryptocurrencies which are decentralized in nature.

Conclusion

The world is better together. Whether it’s creating a peaceful world after World War II or getting better trade laws and treaties.

The International Trade Organization (ITO), the World Trade Organization and the World Economic Forum have some of the best minds defining the global economy.

They can come together and be part of a body that will define the world’s economic prosperity. They will help develop global cryptocurrency norms and can be part of a regulatory body that will better serve as a guide and beacon for thousands of ICOs around the world. It may take time at first, but it will get easier in the times to come.

Can I create my own cryptocurrency?

In order for you to be able to create your own cryptocurrency, here are some things you should follow.

Build a blockchain

The first step to creating the best cryptocurrency is creating a blockchain. Blockchain technology is the background to every cryptocurrency you see in the world today. The blockchain contains the details of each cryptocurrency.

It’s a ledger that shows the history of every cryptocurrency you own. It also shows more details about who owns the cryptocurrency coins before you. The best cryptocurrencies have very efficient blockchain technology.

Code

All programs you see on the Internet are made up of code. This is the same case with cryptocurrency. Fortunately, most cryptocurrencies are built around the same code. Basically, cryptocurrencies are made with C++ code. You can outsource all the code you need from GitHub and use it to create your cryptocurrency. However, the code will differ from your specifications. If your blockchain is longer and faster, you need to add programs for it. In general, projects can range from a week to several months when building a blockchain.

In order to create the best cryptocurrency, it is necessary to ensure that it provides the greatest level of security that must be considered. There are hackers everywhere and it is always your role to alienate the hackers. One powerful tool that has been used to alienate hackers is the use of private and public keys. This is because each key is generated from the previous key. Through the use of cryptography, each key can be traced back to the first transaction ever made.

You should also ensure that you create a pool of miners. For a stable cryptocurrency like Bitcoin. anyone can be a miner. A miner does two things.

– Creates a crypto coin

– Identifies cryptocurrency.

You need to develop a standard way of creating and authenticating your cryptocurrency.

Tap into market needs

Many cryptocurrency experts say that the most important thing is to meet the needs of the market. You have to be proactive and look at what other cryptocurrencies are not offering and offer them yourself. If we look at the biggest cryptocurrency in the market today, Bitcoin.

It is designed for faster transactions in the online world. Bitcoin also gained popularity because of its ability to hide the identity of its users. They remained anonymous, but a legitimate transaction could still be made. These are the most important parts to consider when creating a cryptocurrency.

In order to create a very successful cryptocurrency, you need to make sure that you are able to do the right marketing for your cryptocurrency. This means going to merchants and asking them to accept your cryptocurrency as a payment method. These are generally among the best ways to generate crypto coin.