CryptoLife with Levi: The Real Life

By Levi Rasmussen


ALSO READ: CryptoLife with Levi: The Play


Blockchain Islands? GDPR? Petro controversy? A storm of new ideas, old criticisms, and plenty of noise from both sides of the crypto world is brewing. The market seems to be on the brink of something. But what that something is? Who knows…

Welcome to this week’s edition of CryptoLife with Levi. I hope you’re mastering the WSS trading platform and making (virtual) money hand over fist with your newfound crypto knowledge. This week, I am going to push you out into the real world, and help you start thinking about what trading cryptocurrency in real life looks like.

Let’s get started!

[randad]

Cryptocurrency Exchanges

A good first step to start cryptocurrency trading is to do research on exchanges. Much like a stock exchange, cryptocurrency exchanges are the platforms through which cryptocurrency trades are made. Unlike stock exchanges, however, cryptocurrency exchanges are accessible to anyone who has internet. Although this makes crypto trading very user-friendly and gives users a broader spectrum of choices, it also puts users at risk to security breaches.

Cryptocurrency exchanges have been widely criticized and exposed for their lack of ability to protect their users’ assets. So, when getting started, make sure to do research on which exchanges are reputable. This article is a good place to start.

Wallets 

One of the most widely discussed issues in cryptocurrency is the issue of the wallet. A wallet is where owned cryptocurrencies are stored, and there are many different types. Exchanges often offer online wallets, there are downloadable wallets, and even external hard drive wallets.

Across the community, it is widely regarded that external wallets are the most secure, but they are also typically the most expensive and the least convenient. Regardless of what type you choose, make sure to consider the options carefully. Here’s an article that has some more in depth information about crypto wallets.

Buying in and Cashing out

Because the mainstream market is so new to cryptocurrency, many users experience difficulties when changing their fiat currencies into cryptocurrencies or vice versa. The key to buying in or cashing out is communication. Call your bank and ask what their policy is on cryptocurrency transactions, and work with them to transfer money between your bank account and your crypto exchange. Although it is a slightly inconvenient process, drastic improvements will be made in the coming years.

Wrap Up

Although this article erred on the technical side of things, I hope you gleaned some valuable knowledge from it! Also, in case you didn’t realize, the days of March are dwindling. Time to kick your strategy into overdrive and go for gold (and by gold I mean ether). Good luck this week, and keep your eyes peeled for the next edition of CryptoLife coming soon!

Important Reminder!

The Motley Fool Stock Advisor ranks as our #1 Best Investment Newsletter for the third year in a row.

Their stock recommendations continue to beat all of the other newsletters and they maintain a very high accuracy of their picks. Their 24 stock picks from 2018 have outperformed the market by an average of 44% as of July 7, 2019. Read that again. I didn’t say their stock picks are up an average of 44%, I said they have BEAT THE MARKET by 44%.

No other newsletter comes close to that. You may have seen the Motley Fool’ advertisements that their picks are up 367% compared to the market’s 80%. Is The Motley Fool’s Stock Advisor really as good as they claim?

Our results, at least since January 2016, suggest YES. You can now get their latest stock picks for ONLY $19/month or $99/year. But this is a special limited time offer. It expires tonight at midnight.

Get the Motley Fool's Latest picks

P.s. this offer is still backed by their 30-day guarantee

SHARE
Previous articleCryptoLife with Levi: The Play
Next articleMaking the Case for Trading Financial Stocks

LEAVE A REPLY