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Cryptocurrency Trading

Top Factors to Consider for Successful Crypto Trading

The successful ones started their trading with the best cryptocurrency exchange platform by asking questions such as:

Is Bitcoin a good investment?
What is the best mode of payment to buy Bitcoins?
Which is the best Bitcoin investment strategy?
How much to invest in Bitcoin?

These questions may confuse the beginners, so it is advisable to have a mentor. A mentor has gone through all these questions and can guide you through the process.

Now let’s delve into the major factors that you should consider when deciding upon how much to invest in Bitcoin or your other coveted cryptocurrency.

Factor #1: Risk Tolerance
The cryptocurrency market is highly volatile. Of course, crypto maniacs believe in the growth of cryptocurrency. But in the end, the future of the crypto market is unpredictable.

So, when thinking about how much to invest in Bitcoin, think of an amount that you can afford to lose. Keep the amount you invest at a level where it does not affect your judgment.

Factor #2: Profit Tolerance
I know you will find it silly, but think about it – if you invest an amount that can get you highly emotional when you lose it, what will happen if you multiply your money by 20 times?

Back in 2017, the same situation happened to a lot of investors when cryptocurrency was booming. They became millionaires because they decided to invest their savings in cryptocurrency.

But what happened later? Do you think they sold their positions and took their profits? No. Most of them went back to where they were during the 2018 market crash.

So, it is imperative to invest in crypto wisely.

Factor #3: Change of Mind
Have you ever seen any cryptocurrency investor say “I’ll invest $X in cryptocurrencies” and stick on that particular amount? Might be No. People change their minds by nature, even more, when they confront an ever-evolving market.

So, before you make a final decision about how much to invest in BTC or ETH, and any currency you want, leave a room to change your mind in the future. The easiest way to do this is to divide your investment over time. Set the particular amount in your mind, and invest it within the next 3, 6, or 12 months.

Factor #4: Diversification
Cryptocurrencies are uncorrelated with regular markets such as finance, gold, and stocks.

Do you know what it means? For instance, gold is a correlated asset class. When stocks fall, gold rises and vice versa- they are inversely proportional to each other. But Bitcoin and Altcoins are not correlated. They move on their law and there is no connection to stocks, bonds, etc. This is partly why Bitcoin is a good investment.

Apart from this, they are volatile, which means you want to include various assets in your portfolio to reduce your risk. Diversification is a unique technique that any mature investor uses to reduce the importance of luck.

What are the best sites to buy BTC?
There are hundreds of websites where you can invest in Bitcoin. All of them have different offerings and you will have to choose a few based on your preferences. If you are looking for the best crypto trading platform, then Shiftal is a perfect place for you to buy the two major cryptocurrencies- BTC and ETH by using any of your coveted payment options, as Shiftal offers 70+ payment methods. Invest now to enjoy seamless trading!

Happy Trading!

Categories
Cryptocurrency Trading

How Can a Buy & Sell Cryptocurrency Platform Help Make Money Amidst Covid-19 Pandemic?

Managing your money amid the COVID-19 pandemic can be challenging, especially when it is having a huge impact on the global economy. Millions of people are uncertain about their jobs, monthly salary, debts, daily expenses, retirement, and cash savings. Although the situation of each individual and family is different, the broad issue is the same; concern about finances.

Coronavirus has drastically affected the entire financial market. Even the crypto industry could not escape from this dreadful pandemic. If we look at some of the previous stats, we will find that the price of Bitcoin fell from $10,500 to $4,679. Right after the sudden decline in the BTC price, numerous people had an increased interest in buying BTC. Luckily, the market has started recovering again, and, at the time of writing, BTC is valued at $9,110.

So, according to me, this is the high time to invest in the best buy & sell cryptocurrency platform and gain huge profit to secure your financial condition in this outbreak.

Furthermore, countries like India, USA, and Venezuela have also become receptive to cryptocurrency. Initially, these countries were against the adoption of crypto but are now legally embracing it. As per a recent survey, the popularity of cryptocurrencies is rapidly growing across the world. People are taking more interest to trade digital currencies. Moreover, Zimbabwe’s government appears to be interested in legalizing digital currency to improve its financial status.

So, if you also want to thrive in the crypto market, especially during the current financial crises, here are some of the best cryptocurrencies to invest in July 2020.

Bitcoin (BTC)

Bitcoin still retains its position as the most popular and profitable digital asset.

Although this major cryptocurrency suffered a temporary setback when its price dropped in mid-February from $10,000 to $4,000 in mid-March, fortunately, it has managed to retain its price and came back to $9,110.

BTC seems to have a natural tendency to spike up whenever it bottoms out. Thus, it is expected that the coin will live up to its reputation once again in the coming months, making it the top investment option in July 2020.

Ethereum (ETH)

ETH has always maintained its position as another best digital coin for investors. At the time of writing, the price of the ETH is $232. Analysts predicted that it is not going to remain at this level for long, expecting the coin to see another uptrend sooner than later.

To Sum Up
Over the past few years, the crypto trading market has experienced numerous ups and downs. For that, when choosing which crypto to invest in, it is always crucial to stay up-to-date with the latest news, market trends, technical analysis, and expert reviews. There is another imperative factor to consider- choose the best P2P crypto trading platform that is secure, reliable, and user-friendly. If you are looking for one such trading platform, Shiftal is simply a superb platform to buy the aforementioned cryptocurrencies at the guaranteed fair price.

Register Today To Get The Most Out Of Your BTC & ETH!

Categories
Cryptocurrency Trading

Useful Tips to Keep Your Currency Safe When Using a BTC & ETH Trading Platform

One of the major benefits of cryptocurrencies is that they allow people to trade without any involvement of an intermediary (like a bank). Anyone who wants to buy and sell BTC, ETH, or any other cryptocurrency has to create a cryptographic key (also known as a secure code) for secure transactions. In case the hackers get access to that key, they can immediately gain control of the crypto wallet and the funds stored in it. So, it is imperative to choose a secure and the best BTC & ETH trading platform to rest assured that your crypto assets are safe.

Today, the greatest threat that leads to people losing their BTC & ETH is human error, not the technology itself. Shiftal exchange works hard to fight fraud within the platform. To keep the digital currency secure, here are some steps that Shiftal advises its users to follow. Take a look.

Create a Strong Password

  • The best P2P trading platform always advises you to use a strong and long password (with at least 16 characters) that has not been used anywhere in any social networking platform.
  • Use a trusted password manager to create or remember your password for future use, such as Dashlane, RoboForm, KeePass, etc.

Use 2-Factor Authentication (2FA)

  • This is the best way to keep your crypto secure. By using a 2FA, you will get a security code on your device every time you log in on Shiftal. It means that no one can access your account even if they know or steal your password.
  • We advise using Google Authenticator instead of an SMS-based 2-factor authenticator as mobile carriers have known security weakness.

Double Check the Website URL

  • It is easy for hackers or scammers to create a fake crypto trading platform and provide catchy ways to attract traders, for example – they create a platform where you can buy Ethereum with cash, credit, or any other easy medium to buy your coveted crypto. In reality, these exchanges are designed to steal your account information. Therefore, it is crucial to double-check the URL before you start online trading.
  • Type your exchange platform’s URL on your own instead of using any bookmark or by clicking any links from the received email.

Understand the Tricks

  • Hackers or scammers may try to contact you as tech support and pressurize you to give your account credentials. Don’t fall for the trick. Legitimate trading exchanges never ask for any passwords, 2FAs, or any type of data related to your account.
  • If someone calls you and you are not sure whether it is legitimate, you can directly reach to your exchange’s support team. Like on Shiftal, you can email us at any time on info@shiftal.com, and our support team will get back to you within a few minutes.

Login Guard

Shiftal exchange offers an extremely effective protective shield i.e. “Login Guard” that prevents your account from brute force login attacks. Our platform remembers your IP address or email ID, so if someone else tries to log in your account via different IP or email address, then first he/she needs to verify the confirmation email to login.

Login History

You can use Shiftal’s Login History through which you can track the user login information for the last few logins. The login history shows the following information:

  • Login date and time
  • Source IP
  • Login type

To sum up, these are some of the major key factors to understand before starting online trading in the crypto sphere. Take time to understand how the best BTC & ETH trading platform works and the security measures that they provide you to keep your cryptocurrency safe and secure. Next time, whenever you are going to start crypto trading, make sure to implement the instructions aforementioned. Happy Trading!

Categories
Cryptocurrency Trading

Shiftal Partners with YOTI to Enable Digital KYC Verification on its Exchange

Shiftal, a globally-renowned, fast, and safe P2P cryptocurrency trading exchange, has partnered with Yoti, a London-based digital ID and credential management company, to digitally automate and accelerate the KYC process on the Shiftal’s exchange.

Yoti’s technology uses artificial intelligence to verify users’ identities swiftly and securely while preventing fraud, enabling Shiftal to onboard users in less than 5 minutes while meeting KYC regulations.

To ensure users’ safety and compliance, Shiftal places significant importance on KYC verification. With complete automation of the KYC process, the company can now onboard customers faster without compromising on security. In India, a normal KYC onboarding procedure typically takes 5 days, whereas Shiftal has been maintaining a 24-hour timeline for its KYC verification. Through Yoti, the company will further curtail its current KYC timeline from 24 hours to just 5 minutes.

“Our users are at the core of every decision we make at Shiftal and streamlined user experience is very important to us. By integrating Yoti’s technology, we can not only simplify the KYC experience for users but also give our users peace of mind by providing the highest level of fraud protection. Yoti’s cutting-edge and next-generation technology will enhance Shiftal’s compliance, safety, security, and performance, as it has with so many other companies in the past.”, said Rishabh, Founder and CEO of Shiftal.

Adding to that, Abishek, Co-founder of Shiftal, said, “Cryptocurrency traders or investors would no longer have to compromise on user experience, privacy, conversions, or security. We aim to make Shiftal the safest and fastest platform to buy and sell Bitcoin & Ethereum globally.”

The use of YOTI for KYC verification on the Shiftal exchange will resolve the inefficiencies connected with the conventional KYC process, enabling fast, cost-efficient, and improved KYC verification. Users can be onboarded quickly and easily using the Yoti app and Yoti Doc Scan, using which customers can scan documents directly into the Shiftal experience. By using the app, users can instantly share their verified identity attributes at the click button or scan a QR code- completing ID+V in seconds. This dwindles those long frustrated KYC checks someone has faced in the traditional KYC process. Once the users have created their YOTI Digital ID, they can use that numerous times in the future, across any industry, to prove their identity in an easy, simple, and secure way. 

Shiftal can now offer a quick, safe, and compliant onboarding to all its new customers, thus accelerating their journey to owning their first crypto. Through this partnership, the company also aims to make financial services more accessible to the Indian market, while increasing security and reducing the cost and time required in due-diligence.

About Shiftal

Shiftal is a leading P2P cryptocurrency trading platform offering its promising services in 220 countries. The platform offers over 70 payment options to buy and sell BTC or ETH. The exchange offers a bidding system feature for all users, along with a callback request feature to assist platform users with any escalated disputes for a quick resolution. The company plans to expand its services and soon it will introduce a centralized spot trading exchange with a margin trading platform, with an aim to offer a comprehensive crypto exchange.

For further information, please contact:

Email: info@shiftal.com

https://www.shiftal.com/

About YOTI

Yoti is a global digital identity-checking platform that allows organizations to verify the identities of people. Yoti’s products include document e-signing, identity verification, biometric authentication, age verification, and access management.

Yoti accepts government-approved identity documents from over 200 countries that are verified using leading technology and trained security personnel.

For more information, visit www.yoti.com

Categories
Cryptocurrency Trading

Compelling Reasons to Trade BTC/ETH with Credit Card on a Shiftal

Cryptocurrency investments with profit-making opportunities have encouraged crypto enthusiasts across the globe to put their money into these digital assets. World’s leading P2P cryptocurrency exchange, Shiftal not only offers multiple currencies to trade but also offers several ways to trade these currencies.

Using a credit card to buy cryptocurrency is gaining fast traction and is becoming a widely adopted solution. It is perfect for both first-time buyers and seasoned crypto investors, being a hassle-free and easy option.

Shiftal enables its users to buy Bitcoin with credit card, so you can leverage the ease and speed of transactions provided by electronic cards. The complete process is secure and fast to deliver a seamless trading experience to users.

Easy Steps to Get Started

Step-1 Sign-up for free on Shiftal
Create your user account on Shiftal by providing the required details. Log in to your account upon successful verification of your account.

Step 2- Choose your payment mode

Head over to the “Home Page” on the Shiftal toolbar and choose the “Buy with Credit Card” option to proceed further.

Step 3- Select a trader OR Create your own offer.

From an existing list, select a trader who is having a good reputation score and a high volume of trades to buy your Bitcoin. The Offline/Online indicator shows the availability status of the trader.
OR

Head over to the “Post Trade” option and create your own advertisement with the amount you desire. It will be soon filled by others traders who agree upon trading with you

Step 4- Pay your seller

Once you press the “Buy” button, you will see the complete information about your choices- including the terms of trade. Read them carefully before proceeding.

To start the trade, create your buying order by entering the amount of BTC you want to buy. Enter a message for the seller and click on the “Send Trade Request” button. Make sure that you are ready to pay while clicking the button.

Step 4- Get Bitcoin Instantly

After you, the seller, confirms the receipt of payment, our escrow system will release the Bitcoins instantly to your Shiftal Bitcoin wallet address.

Why Choose Shiftal to Buy Bitcoin Using Credit Card?

Shiftal ensures the following while navigating the user’s Bitcoin buying journey with a credit card.

  • Security

Our cryptocurrency exchange platform is reinforced with multiple layers of protection to mitigate the risk and drive the safest transactions possible.

  • Honesty

Shiftal holds the highest standards of integrity and orchestrates the entire process with complete honesty. The platform automatically calculates the trading fees against the amount or volume of Bitcoin.

  • Fast transactions

Shiftal is developed to process multiple transactions in minutes. Place your multiple buy/sell orders and/or advertisements and get your desired cryptocurrency in your wallet as soon as your order is fulfilled.

  • Support

A strong customer support team provides dedicated assistance to navigate you through the process to buy Bitcoin with credit card. Shiftal believes in building and maintaining long-term relationships with our customers and creating a robust crypto community.

To enjoy these benefits and embrace a convenient solution to trade Bitcoin or Ethereum with credit card from a reliable and secure cryptocurrency exchange platform, sign-up on Shiftal. We steer your journey ensuring security, speed, and ease while putting you in complete control of your transactions. 

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