Trading with Cryptocurrencies. Top Trading Platforms for Bitcoins & ALT Coins

Do you want to know about the methods to start earning passive income through Cryptocurrency ?

Do you want to exchange your Bitcoins into rising ALT Coins or Stable Coins ?

Or do you simply want to buy some crypto with normal FIAT currency? 

Your answer for all the above questions is same - Trading Platforms for Crypto !

There are many coin exchange platforms that have been introduced since the roar of BTC Price in recent years. We can sign up to those websites free of cost and start investing or exchanging between the numerous coin pairs in the market.

NOTE: This is not Financial Advice. This is just for the purpose providing information !!

The following are some good Crypto Trading Platforms:

 1) Binance

• Binance is almost unanimously the most used and top rated trading platform available as of now.
• Binance has its own coin offering BNB
• Huge number of binance users contribute to good circulating supply in all coins.
• Staking is available and on some coins/tokens.

Visit Website - https://www.binance.com/en

2) MXC

• Mxc is also widely used (not as popular as Binance though).
• This website offers some rare and newly introduced coins for trading.
• Provides good Graphical User Interface for Visualization of graphs and market trends. 
• Staking available for some coins/tokens.

Visit Website - https://www.mxc.com/

3) CoinBase

• If you are beginner and you only want to start it simple with only the popular coins, then Coinbase might suit you. 
• Limited and only wide known coins are offered for exchanging. 
• Simple Interface. Mobile app available.
• Advanced traders would not use coinbase much.

Visit Website - https://www.coinbase.com/

4) WazirX (Especially for India)

• WazirX is a great platform for Indian users because it offers trading in INR directly. Conversion charges can be avoided for Indian users. 
• WazirX is a part of Binance and can transfer your assets between these two.
• Staking not available.

Visit Website - https://wazirx.com/

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What is BitCoin ? Everything You Need To Know About BitCoins

BITCOIN -The origin of a new era in Digital Currency / CryptoCurrency !

Bitcoins are a form of virtual currency or CryptoCurrency which possess a high market value as of now. This is a new form of exchange transactions without the necessity of physical coins or notes. Everything is virtual and decentralized.

Unlike normal FIAT currency, we don't need a mediator or governing authority (like bank) for approving the transactions. Instead, all the bitcoin transactions are validated by Miners and every transaction details are stored in a distributed ledger called BlockChain.

This concept was first proposed and implemented by the mysterious Satoshi Nakamoto. (Know more about Satoshi Nakamoto here)

Bitcoin Logo (Source : Wikipedia)

This Blockchain ledger is distributed / decentralized, in the sense : anyone on the internet can look up the ledger and its transactions at any time. This blockchain is stored in many computers (called Nodes in Bitcoin jargon) and it is fault tolerant with the help of an efficient consensus protocol.

New Bitcoins are generated through a process called Mining.

Bitcoins can be used for online transactions and Trading. In recent times, many people have been earning passive income with bitcoins and it has become quite lucrative ! 

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Stellar - XLM (Stellar Lumens)

Network of Stellar was introduced in 2015. Over 4 billion transactions generated by almost 4 million person users have been recorded ever since. Stellar was selected by major corporations and businesses as tiny as solitary startups to transfer capital and increase brand awareness.

Everything is kept in harmony by a special application named the Stellar Consensus Protocol (SCP). There are several methods to get acceptance in a decentralized framework. The groundbreaking proof-of-work technique of Bitcoin was the first and has always been the most popular.

Yet proof-of-work provided time for feedback, just like several other initial versions. While being customizable, quick, and extremely efficient in performance, SCP aims to be greater & better.

Stellar Logo

Ticker Symbol for Stellar in Crypto Markets is "XLM"

Stellar Lumens are not created or rewarded by that of the algorithm throughout time, unlike the other ALT Coins of many other Blockchain systems. Rather, once the Stellar network came online, 100 billion lumens have been produced, and for the first Five years of Stellar's life, the quantity of lumens actually raised by One percent per annum, through its in built model.

Here is a Live Chart of Trading rates for Buying and Selling XLM:

XLM-USD Rates by TradingView

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How to Earn Money with Cryptocurrency & Bitcoins

Earning money with Bitcoins and ALT Coins has become quite popular in recent years and many people are making significant amount of passive income thorough this field.

The following are the ways you can earn some income using Cyrptocurrencies.

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1) Trading

Trading is the most popular way to earn money using Cryptocurrency. There are many exchange platforms where you can buy or sell coins with FIAT currency or exchange directly with other crypto coins or tokens.

See this Post for detailed overview of these Trading Platforms

NOTE : This is not any financial or Trading advice, This is just for informative purpose.

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2) Mining 

Through Mining, we can directly earn coins without any trading platform. If a miner validates any block successfully, then the reward of that block is paid to the miner. then that can be exchanged into normal FIAT currency or it can be loaded to any trading platform for exchanging to other coins.

Mining can be of 2 types:

Individual Mining - A sole person or any individual will mine in their house with a simple mining rig or a Graphics Processing hardware and tries to validate the blocks of respective Blockchains.

This is very inefficient because it is highly impossible to mine a block with such little computation processing power.

Mining Pools - Many Individual miners/users combine together and form a pool and try to find the value of SHA 256 Hash that falls below the target.

Mining pool services are offered by some websites. Users can sign up and start mining. The work will be distributed among all the individual miners.

If someone in the pool finds the required hash meaning that the block has been mined successfully, then the reward will be split to all users in the pool prportionately to the processing power they contributed to the pool.

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3) Other Ways

• Giveaways by newly introduced coins or token projects
• Offers on trading Platforms as loyalty reward programs

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