The bitcoin business

Crypto currency is taking over the world and it has opened a new door full of opportunities to people to earn from it. The biggest of all cryptos so far is bitcoin. Bitcoin has been on the mouth of every one even the lay man but they don’t really know what it is. To some it is a fraud, to others its madness while to some its magic.

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But the facts still states that crypto currencies has been one of the business with the most highest paying returns and revenue and this has brought about people venturing Into. Crypto currencies is literally been used everywhere and very soon the world will bow to it .

At this stage, Bitcoin is already feeding millions of people and been used by a whole lots. Business opportunities such as crypto trader and exchanges have spring up due to this beautiful innovation.

So many exchanges are now available around the world to help you convert your bitcoin into another crypto or too liquid cash. This has made life easy for the bitcoins holder and also helped the exchangers earn an income. Of course these exchanges won’t buy or exchange your bitcoin at the general market rate, they will set theirs close to the general market rate as this is how they also get to earn something for the services that they are providing. From this minute fee charged, they settle the workers; maintain their sites and also maybe a little advertisement.

Also the crypto traders, this are people that buys and sell cryptos. Bitcoin traders for example will buy low and sell high so as to make a profit. Most crypto traders operate on different websites in which trhe websites stands as the intermediary between them and the customers while some stand alone and create a brand for their self. Bitcoin traders accepts different means of payments for transantions; some instruments of payments are

• Gift cards
• Alt coins
• Paper money

Gifts card are cards that acts as an alternative to cash and could be redeemed into paper money. It can also be used to purchase or make payment. Examples of gifts cards are itunes card, vanilla card, Amazon card, steam card, etc.

Alt coins are just other cryptos that are not bitcoin in this context. Etheruem is an alternatives coin in this regard, so as ripple and steem

Paper money is the use of physical cash i.e bank issued notes to make payments or transactions

What do you need to be a bitcoin trader

Just like very business, you can’t just fly into it. You have to be properly organized and arranged and make findings and be ready to fail and also learn. In that regard, things need to be a bitcoin trader are;

• An in-depth knowledge of the crypto currency space
• In-depth knowledge of the crypto market
• A bitcoin wallet address
• Abreast with current news and happenings
• Knowledge of the prices other traders buy
• Internet service
• Laptops and mobile gadgets
• Electricity
• Also a need any stable coin wallet address

The function of the stable coin wallet address is to help you safe your bitcoin from loosing value when the bear runs starts.

So take your time and learn more about the crypto world before you dive Into it and also take lessons from experienced traders because experience can never be bought only shared.

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