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As any other software solution each wallet comes with certain advantages. LiteBit wallet is a native service integrated into your personal trading account. Why is it better in some cases to use our service rather than controlling your private keys? There are a couple of use cases that will greatly improve your overall experience using LiteBit wallet.
Brace yourselves KYC is coming –How the new regulations make it safer to trade
A basic idea of cryptocurrencies is the individual freedom of each person to decide about his or her own finances. Third parties should not have the possibility to interfere with the transactions of others. This has made Bitcoin extremely successful and is ultimately the reason why other crypto are also considered innovative payment systems.
Identifying opportunity: Double Top and Double Bottom
Many analysts believe that everything you need to know about the market is already included in the charts. Meaning that similar situations which occur frequently and the market will produce the same or at least similar chart patterns. Two of the most famous patterns are relatively easy to spot and both are signalling strong movements and trend reversals.
Deposits and withdrawals with LiteBit are as easy as any other transaction that you can perform with cryptocurrencies. You can only send or receive crypto which are listed at LiteBit. Please make sure that you have selected the correct wallet for each coin or token that you would like to send or receive. After connecting and verifying your bank account you will be able to withdraw and deposit Euros as well.
Cautious trading: Dollar Cost Average
Many traders are interested to minimize their risks in trading. One of the major problems is to estimate when the price of an asset has reached its bottom. There is always the possibility involved that the price didn’t found support yet and is going down further. Dollar cost average or DCA is a strategy to tackle this very common problem in trading. It is a method to mitigate the fact that you cannot be right all the time.
Investing vs Trading: Know the difference!
Most beginners have a lot of questions about cryptocurrencies and how to get acquainted with the use of the technology. Aside from technical aspects there is also a strategic component involved that is not concerned about those questions, but on how you like to enter the market. There are typically two types of market participants, namely traders and investors. What shapes the views of both groups and how do they tackle the market?
Bitcoin is the first cryptocurrency in the world that is based on blockchain technology. Its unprecedented success is fuelled by the idea that a digital currency that is rather backed by a trustless protocol than by single entity provides more value to mankind than any other invention in the 21st century.
In general, Bitcoin transactions are fast and inexpensive, but the speed and cost depend on several factors, such as the number of transactions a network must and can process at any given time and the fee you are willing to pay for the miners of the cryptocurrency.
Boost your trading impact and reaction time in over 80+ cryptocurrencies via instant access to your portfolio with the LiteBit app.