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!

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!

P2P Crypto Exchange

How to Trade like a Pro on a P2P Crypto Exchange Platform

Let’s start from the beginning.

You may have heard several things about the digital currency, but there are some non-technical traders too who are constantly looking for an easily understandable definition to gain maximum profit in the cryptocurrency market. If you are one among them, then you are in the right place. I will enlighten you on some crucial factors through which you can trade in the crypto sphere like a pro. A few years back, I was also in the same boat. So, instead of getting technical, here are some tips & techniques you can use to trade on a P2P crypto exchange

Time and Schedule

The best way to trade is to have a regular schedule where you trade at the same time and hours every day. You don’t need to open orders all the time, but select the best time that fits you.

Remember that the market has its singularities. So, it would be more efficient for your trading if you discover the details and singularities of some specific hours rather than surfing the whole trading day.

Trade with a Reliable Exchange

Rely on cryptocurrency exchange platform to trade with an escrow protection, not a broker. By doing this, you will save your hard-earned money on fees and eliminate risk of frauds. Once you have joined a reliable trading platform, you will get a secure wallet where you can store your cryptocurrency.

Remember, choosing a trusted exchange will enhance your trading experience, and you can buy and sell your desired cryptocurrency with confidence.

Do Rigorous Research

For successful trading, do some useful research and tracking. For this, you can read the latest crypto news, check the key indicator & ranking daily, and read current blogs & articles. You can even join the discussion threads on Telegram and Reddit.

Consider Laddering Your Digital Coins

Instead of buying and selling everything in a chunk, set incremental buy & sell orders to buy when the prices of cryptocurrency go low and sell when the prices go high. The laddering process will help you avoid mistiming the complex and volatile cryptocurrency market.

Evaluate the market value

Evaluating market value is one of the crucial factors in increasing your chances of making profits. The ups and downs of the market can be best assessed from the market value. Additionally, the market value can help you determine the market history that offers the benefit to evaluate the market security and reputation of cryptocurrency.

Note: The most important point to consider is not to trade what you cannot afford to lose.

Once you decide to invest in cryptocurrencies, you are sure to come across a plethora of cryptocurrency exchange platforms. Count on a reliable and reputed trading platform for secure and easy trading.

Sign Up on a reliable P2P Crypto Exchange for Secure, Simple, and Quick Crypto Trading

buy Bitcoin in Venezuela

How Shiftal Can Help Traders to Buy Bitcoin in Venezuela

Venezuela is a Latin American country that is increasingly relying on cryptocurrencies like Bitcoin after the country was hit by hyperinflation, which adversely affected the nation’s economy. The reason why the Venezuelans are using BTC or ETH is that the cryptocurrencies are immune to inflation. Virtual currencies have become a necessity for them to buying and selling goods and services. This is why Shiftal brings a user-friendly and robust P2P trading platform to efficiently buy Bitcoin in Venezuela.

According to a recent report, over 20,000 shops and enterprises in Venezuela have started accepting cryptocurrency from June 2020. Many store owners are connected to the best crypto trading platform to process payments in BTC or ETH, Shiftal is one of the trading platforms that can help Venezuelans to buy their goods and services by using their cryptocurrencies. With our platform, you can directly connect to your desired trader- with no middle-man needed to facilitate the trade. At Shiftal, we offer the lowest trading fee as compared to other trading platforms.

There are a plethora of benefits you can experience on Shiftal, including the following:

1) Private Trading

Since buyers and sellers are actively searching for people to match their orders, a third party is not needed in P2P crypto exchange trading. This provides the benefit of privacy. Since no third party is involved, only the buyer and seller negotiate. The communication between both parties is kept private.

2) Guaranteed Fair Prices

By opting for peer to peer trading, you can look for comparable prices and even better prices. With P2P crypto trading, orders at better prices are more likely to be filled since both parties have already expressed their interests. This type of trading also reduces the number of cancellations on an order book as the level of commitment between traders is arguably higher than that between traders using an exchange.

3) Faster Trades

Suppose you are at a shop in Venezuela and want to buy something, the shop keeper is asking you to pay in Bitcoin and you don’t have any at that moment. Here, Shiftal plays a great role. Just use your Shiftal App, our identity and credential management partner “Yoti” will take a couple of minutes to do the KYC process, and here you go. With Shiftal, you can receive your BTC in your wallet in very less time.

So, if you want to make your trade easier in Venezuela, having BTC and ETH can be extremely beneficial. If you are a newbie in the crypto market, here is how to buy Bitcoin in Venezuela:

Step 1: Visit from desktop, IOS, or Android.

Step 2: Register by clicking “free sign up”; fill the required details.

Step 3: Choose your locations as “Venezuela” and your desired payment mode.

Step 4: Choose a trader with a good reputation score and a high volume of trades to buy BTC.

Step 5: Pay your seller

Step 6: Once the seller confirms the receipt of the payment, our escrow system will release the BTC and send it to your Shiftal wallet.

To Sum Up

Finding a reliable P2P marketplace for secure yet hassle-free crypto trades can be complicated. However, now you are familiar with Shiftal- a trusted, secure, and fast crypto trading service provider that allows you to buy Bitcoin in Venezuela. Give us a try, we assure you to make your trading a seamless and notable experience.

For any query, feel free to reach us at any time.

Buy Bitcoin with paypal

How to Buy Bitcoin with PayPal Instantly: A Step-by-Step Guide

For over a decade now, PayPal has built the repute of being the leader in online payment services. Being the easiest, fastest, and secure e-wallet, PayPal is allowing its users to buy their desired cryptocurrencies, too. Unsurprisingly, PayPal users are considering using their e-wallets to purchase these digital currencies.

Why buy Bitcoin with PayPal?

Today, almost every trader, whether he/she is a newbie or a crypto expert is looking to find the best possible way to purchase cryptocurrency but numerous exchanges do not accept fiat money. The good news is that there is even a better and easier option to buy Bitcoin with PayPal.

How reliable is it to buy Bitcoin with PayPal?

Safety is always a concern for people who are going to buy something online. Buying with PayPal has always been a remarkably secure method for online purchasing. Generally, the seller feels hesitant about PayPal at times due to chargebacks, but buying with PayPal is extremely safe and easy.

If you are looking to buy a cryptocurrency and embark on your crypto journey, here are a few good reasons to buy crypto with PayPal.

Faster Payments

The online payment services offered by PayPal are getting slicker, owing to its new one-touch checkout functionality. Upon activation of one-touch payments with your PayPal account, you can ensure faster deposits into your crypto exchange accounts without the need to enter your login details every time.

Get peer-to-peer access to crypto sellers worldwide

A plethora of leading peer-to-peer crypto trading platforms that connect cryptocurrency buyers and sellers directly accept PayPal as a payment method, Shiftal is one among them. To ensure secure transactions, Shiftal integrates advanced security features, such as two-factor authentication, dispute resolution system, etc on their platforms. Once you place an order to buy crypto with PayPal, the crypto seller verifies the payment, and your crypto tokens are credited to your crypto wallet in no time.

Benefit from PayPal’s payback button

Using PayPal as your cryptocurrency deposit method allows you to get covered by the website’s buyer protection. If you buy crypto with PayPal and if in case the digital currency does not arrive from your seller, or if the amount is not the same as that you purchased, PayPal can reimburse you (depending upon paypal policies).

Advanced encryption and anti-fraud technology

PayPal takes user protection quite seriously. It uses state-of-the-art anti-fraud technology to monitor all transactions 24/7 to sweep away identity theft and phishing attacks on your data. Moreover, every transaction to crypto exchange is encrypted from your PayPal account.

How to Buy Bitcoin with PayPal on Shiftal?

Step 1: Select the amount of Bitcoin you want to buy in your local currency, such as US. Additionally, select your country (since PayPal is online and you can use it to buy Bitcoin in Venezuela from people who are sitting in Australia that have PayPal), and select PayPal as the payment mode.

Step 2: After you hit the Search button, look at the list of sellers, and choose your preferred seller after reviewing their profile.

Step 3: After choosing a seller, hit Buy to enter your desired amount of BTC and initiate the trade.

Step 4: Once you are ready, click Send trade request. After the seller accepts your request, send your fiat money via paypal and click the ‘I Have Paid’ button. Then, the seller’s BTC will be released from Shiftal’s escrow to your wallet after seller verifies your payment.

Note: Another thing you could do is post your own advertisement for a trade. Just head over to the “Post Trade” option and create your own advertisement with the amount you desire. It will be soon fulfilled by other traders who agree to trade with you.

Caution: Be safe while trading with Paypal.

While trading your currencies with Paypal payment method, be sure to check the seller’s Shiftal profile for feedback, ask for identification documents of the trader if required and/or ask for PayPal profile before making the trade. These are some suggestions to make sure traders are safe while using PayPal as a payment method.

To Sum Up

To enjoy the seamless trading experience and embrace a convenient solution to trade Bitcoin with PayPal from a reliable and secure P2P crypto trading platform, Sign-up on Shiftal. At Shiftal, we also offer some other payment options such as you can buy Bitcoin with cash, credit card, or via other blockchain-based coins as well. So, choose the best suitable playmate option for you.

Enjoy trading!

Search Categories Recent Posts