BcCryptonian

  Key Takeaways There are several methods involved to protect your seed phrase - Disguising your seed phrase, Obscuring the order of the 24 words and using a passphrase for added security.

What is Leverage Trading? To understand leverage trading, first let's understand what trading means in brief. Trading is the activity of buying and selling financial assets such as crypto with the hope of making a profit. The capital you use to trade determines how big your profits and losses are. It's simple. The more money you put to trade, the more profit you can make as well as the more risk you take if your trade goes against you and makes you a loss. Leverage trading means using borrowed funds, in addition to your own capital, from a broker or crypto exchange to increase your trading position. To put it humorously: it's like trading on steroids - it amplifies both your potential profits and losses! Leverage trading is therefore considered as one of the biggest risks in trading, and you should not try this type of trading unless you are fully prepared to accept the risks involved.  Note: Leverage trading is not limited to crypto trading, leverage trading is a general t...

Key Takeaways: Token Burning is a way to reduce overall token supply and influence a token’s value.

In this blog I will be discussing top 5 crypto friendly countries that crypto enthusiasts and millionaires looking to settle.  I will rank countries from top to bottom, picking the best countries according to my research in terms of: Crypto taxes Ability to make purchases using cryptocurrencies Bank friendliness towards crypto (whether you are able to cash out your cryptocurrencies to fiat using banks), Residency and the ease of Citizenship Life Quality of each country #1: UAE (United Arab Emirates) Crypto Taxes Personal Income Tax : UAE does not impose any tax on individual personal income; therefore, residents are not taxed for your investment profits and trading income. Corporate Tax : In UAE, if you have a company dealing with cryptocurrencies related activities exceeding AED 375,000 ($102,000) in business profits annually, then you are subjected to 9% corporate taxes.  Crypto as a Payment Method You can buy anything in the UAE using cryptocurrencies. Be it real estate, lu...

Introduction In this blog I will explain the reality behind crypto day trading and why day trading is not a get rich quick scheme like it is advertised in the media and by many trading gurus, and why it’s foolish to quit your 9 to 5 job to start day trading without having any idea of what you are getting into. I will keep the whole blog very simple and straight to the point. If you are reading this, consider yourself lucky, because I'm going to share with you very accurate information that you won't find easily on the internet.  Just a heads-up: having some basic knowledge of trading will help you better understand the key terms and concepts I mention in the blog. The Fundamental Truths About Trading Trading is 90% About the Mindset Yes, you read that right! Day trading is 90% about the mindset . It does not matter how many chart patterns you know, how many techniques you know, how many indicators you use on the charts, how much your trading charts are messed up with all those ...

What are Fungible Assets Before jumping onto NFTs, let's first understand what fungible assets are. Fungible assets are items or things that can be easily swapped or exchanged because they are identical in value and features. For example, if I have a $100 bill in my wallet and you have the same amount in $20 notes, my money can be easily exchanged with yours. They are 100% interchangeable. If I have a 1-kilo bar of 999.9 fine gold, and if you have ten 100-gram bars of the same purity (999.9), we can easily swap them. Similarly, if I have one Bitcoin and you also have one Bitcoin, their value is exactly the same, therefore they can be easily exchanged. Therefore, assets that are identical in value and features can be considered as fungible, meaning cryptocurrencies, fiat money, pure gold and silver bars are all fungible things.   What are NFTs? NFT stands for Non-Fungible Tokens. But before we dive into "token," let me explain what "non-fungible" means. Non-fungi...