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Want To Start Trading Crypto? Here Are Some Useful Tips

As the number of people using cryptocurrencies like Bitcoin, Ethereum, Litecoin, etc. continues to increase, more and more online exchanges are opening up where you can buy and sell these digital currencies. If you’re interested in trading cryptocurrencies, there are some really useful tips that will help get you started in the right direction.

1. Alternative Platforms

When it comes to buying and selling cryptocurrencies, there are a number of things that you need to take into account. For instance, is there a large enough market for the crypto coin that you’re interested in trading?

In addition, what kind of fees will you have to pay when moving your capital from one exchange to the next? Another thing that you’ll need to do is research what alternative platforms are available. A lot of people that are just starting out might not know that it’s possible to trade with no fees, which as you can imagine is a huge advantage. In other words, there might be a better platform for your crypto-trading needs than those which are the most popular.

While you shouldn’t go to just any site offering benefits, it’s always a good video to look at what people are saying online about different platforms, and make an informed decision from there.

2. Location And Regulations

The legislation that surrounds cryptocurrency is constantly evolving. In some countries, there are next to no regulations when it comes to cryptos, while in other countries there are a number of restrictions.

If you want to do anything with cryptos, it’s important to make sure that you’re not breaking any rules by trading where you live. For instance, as of recently, there are reports that China has banned all crypto transactions – mining and trading included! Because it’s still a relatively new thing, it’s important to stay up to date with the latest regulations if you want to stay on the right side of the law.

A good idea is to check the news daily concerning cryptocurrency and see what’s been going on in countries all over the world. If you keep an eye on everything, you’ll have a lot more of an advantage over those who don’t.

3. Bitcoin And Altcoin

There’s a pretty good reason why Bitcoin is such as hot topic at the moment. It has the highest market capitalisation (the total value of all tokens on circulation), and it drives everything else on the market. That being said, if you’re going to be trading any cryptocurrency, make sure that you’ve figured out which one will be most profitable before you get started.

Even though Bitcoin has the highest market cap, it’s still not something that everyone can get involved with because of how expensive it is to buy. The best thing to do when you’re starting out for cryptocurrency trading is to study coins like Ethereum, Ripple, Dash, and Stellar – in addition to Bitcoin- and the currencies in general. By doing this, you’ll have the best chance of making the most money in the shortest possible time frame. Having a more diverse portfolio is a good way to hedge your bets and increase the potential gains of any trade. Because if you put all of your money into one thing, and it goes down, then it’s going to take even more out of your wallet than if you had diversified earlier on.

If you’re looking at the cryptocurrency market, then it’s important that you’re careful when it comes to altcoins. While some people are trying to make money on them, there are others who want to get their hands on your money. A lot of the time, these cryptocurrencies will simply disappear with your money – and there’s nothing that you can do about it. However, if you want to make the most out of trading altcoins then you need to find high-quality coins that are likely to go up in value over time. The reason for this is that there are thousands of different altcoins out there, but only a few of them will stand the test of time.

4. Blockchain And Mining

When it comes to mining Bitcoin and other cryptocurrencies, there are a number of factors that will impact how much money you’re able to make when you set up your own mining rig.

One of the biggest factors is location, as you’ll need a lot of cooling if you don’t want to burn your house down. In addition, it’s important to note that the cost of electricity will have an impact on how much money you’re able to make from mining. Furthermore, there are a lot of other costs that people simply forget about, like software and hardware costs. It’s important to keep this in mind when you’re looking at the profitability of mining any cryptocurrency.

However, if you invest in mining hardware and cloud storage, then this is one of the most profitable things you can do at the moment. The reason for that is that it’s not like any other business – which usually involves a lot of upfront costs before the business itself becomes profitable enough to run.

5. Security

Not everyone is in the same boat when it comes to security, but no matter how good your security is there are always going to be risks when you’re trading cryptocurrency.

Because of this, it’s important that you understand what the threats are before deciding whether or not you want to get started with trading cryptocurrencies. One of the biggest threats out there is the risk of losing your private keys – so make sure that you keep them as safe as possible. One thing that you can do to help with this is to always double-check that your computer and web browser are protected and updated with the latest security patches. If they aren’t, then hackers will be able to steal everything from you in no time at all.

However, the biggest threat is still the fact that crypto exchanges are vulnerable to attacks. For example, if you’re exchanging Bitcoin for another cryptocurrency through your web wallet or Ethereum in digital currency exchange, then you have to be wary of hackers getting access to your account. One way in which you can try and stop this from happening is to use multi-factor authentication on your account, as well as encrypting your private keys.

In a lot of ways, trading cryptocurrency isn’t all that different from any other industry where you have to be wary of things going wrong. However, unlike traditional businesses which rely on physical assets and people working for them, cryptocurrencies rely on technology and the internet. However, if you’re careful then it’s possible to trade cryptocurrency without having to worry about things going wrong. The best way to do this is by investing in the right equipment and keeping your private keys as safe as possible. Then you can use a trading platform to increase your chances of success even more, which makes cryptocurrency trading a very attractive proposition!

China bans all crypto transactions

China has officially banned all cryptocurrency transactions and vowed to stop crypto mining, delivering the toughest blow yet to the industry.

Cryptocurrency transactions are now considered illicit financial activity in China, including services provided by offshore exchanges, the People’s Bank of China has said. The PBC added that crypto, including Bitcoin and Ethereum, are not fiat currency and cannot be circulated.

Bitcoin slumped in the wake of the news, falling 8% to about £30000.

Chinese officials are going further to stamp out cryptocurrency trading for its ties to fraud, money laundering and excessive energy usage. China already has rules that stops banks from offering cryptocurrency related services. To get around such rules, traders have moved to digital platforms and offshore exchanges.

Cryptocurrency mining’s massive energy consumption is another reason why the industry is coming under attack. In a separate statement, China’s economic planning agency said it’s an urgent task to stop cryptocurrency mining and the crackdown is important to meet carbon goals.

China is facing a power crisis that’s already curbed commodities from aluminium to steel, and several industries have seen their power supplies restrained in recent weeks.

China is home to a large concentration of cryptocurrency miners and as recently as April had a 46% share of the global hash rate, a measure of computing power used in mining and processing, according to the Cambridge Bitcoin Electricity Consumption Index.

China’s crackdown against cryptocurrency mining and trading activity started in May 2021. That was the first time they had singled out cryptocurrency mining at the national level since dropping it in 2019 from a proposed list of dirty industries to be eliminated.

The announcement caused a collapse in cryptocurrency prices, with Bitcoin losing about half its value between April and July this year. While the market has since gained stability, it’s still far below the all-time high of £46000.

NSAV Plans To Launch OTC Crypto Trading Desk by Mid-September

London, England, August 20, 2021 – Net Savings Link, Inc. (OTC Pink: NSAV), a cryptocurrency, blockchain and digital asset technology company, today announced that it plans to launch a Premium OTC Crypto Trading Desk by mid-September. NSAV’s OTC Desk will offer private and personalised service to institutions and high net-worth individuals that trade large blocks of cryptocurrency. OTC Crypto Trading Desks offer increased liquidity (without slippage), price protection, anonymity, Fiat support, unlimited purchases and the purchase of rare tokens, which are not available on exchanges. NSAV’s OTC Desk will provide its clients with execution and settlement services that are secure, competitive and discreet. Today, nearly all major crypto exchanges have their own OTC Desk. Kraken https://www.kraken.com/, in 2019, acquired major OTC Crypto Trading Desk, Circle Trade, and is now one of the world’s leading OTC Crypto Trading Desks. The Company’s management believes that having its own OTC Crypto Trading Desk will be a huge benefit to NSAV and all of its shareholders, as it ascends to the next level.

On Wednesday, NSAV Director, Mr. Yuen Wong, gave a presentation at the Emerging Growth Conference. Please see the link below to view Mr. Wong’s presentation.

In addition to his position with NSAV, Mr. Wong is also a Managing Partner at Bitmart Cryptocurrency Exchange https://www.bitmart.com. BitMart is a premier global digital asset trading platform with over 2 million users worldwide and ranked among the top crypto exchanges on CoinMarketCap. Bitmart’s platform supports over 220 cryptocurrencies and has a 24-hour trading volume of approximately $2 Billion.

Mr. Wong is also the CEO of LABS Group Limited https://labsgroup.io, the world’s first end to end Blockchain powered real estate investment ecosystem and powered by the LABS ecosystem token through decentralised finance (DeFi) and governance.

Silverbear Capital Inc. https://www.sbcfinancialgroup.com.hk/, a leading, global investment banking firm, will be advising NSAV on strategic matters relating to the Company’s cryptocurrency exchanges and OTC Crypto Trading Desk. Silverbear will also help guide NSAV in ensuring that its exchanges and OTC Desk are continually in compliance, given the rapidly increasing regulatory environment in the cryptocurrency industry.

Silverbear Capital Inc. (SBC) has a dynamic of disciplines on a broad commercial level and practice. SBC has a strong group of Partners in a wide range of disciplines with seasoned experience in finance, management, and professional practice. https://www.sbcfinancialgroup.com.hk/meet-our-team/.

Disclaimer: Silverbear Capital Inc. does not constitute investment advice, or an offer or solicitation to sell, or a solicitation to buy, or any other investment product (nor shall any such shares or product be offered or sold to any person) in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities law of that jurisdiction.

Mr. Dato’ Sri Desmond Lim, Interim CEO and Senior Vice President of Cryptocurrency Operations for NSAV and Silverbear Capital partner stated, “I am thrilled that NSAV will soon have its own OTC Crypto Trading Desk. I believe that it will be a great compliment to NSAV’s current business model.”

NSAV’s vision is the establishment of a fully integrated technology company that provides turnkey technological solutions to the cryptocurrency, blockchain and digital asset industries. Over time, the Company plans to provide a wide range of services such as software solutions, e-commerce, advisory services, financial services and information technology.

For further information, please contact NSAV at [email protected]

The NSAV Twitter account can be accessed at https://twitter.com/nsavtech

The NSAV corporate website can be accessed at http://nsavholdinginc.com

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbours created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Net Savings Link, Inc. to accomplish its stated plan of business. Net Savings Link, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward- looking statements included herein, the inclusion of such information should not be regarded as a representation by Net Savings Link, Inc. or any other person.

Contact
Net Savings Link, Inc.
[email protected]

Currency Trading Guide: How To Find A Perfect Agent

It’s an exciting time to be a trader, with the buzz of cryptocurrency and new technologies. The one thing that hasn’t changed since trading became popular is the need for a broker or agent to help you trade. But how do I find the perfect agent? You may wonder what sets one agent apart from another when they all seem so similar in prices, features, and tools available. Read on to learn more about some key differences between agents as well as how you can find your perfect match!

1. Read Reviews

You can read reviews online before hiring a new agent to make sure they are reputable. It’s best to research quality online brokers before selecting one. An effective way to verify the legitimacy of any group or to find the best forex brokers is by reading reviews online from forums and other sites. This will allow you to draw comparisons between the factors they have to offer, including products and available markets, fees, withdrawal and deposit options, trading platforms, and so on. However, currency trading scam artists usually post glowing reviews of their online presence to attract new customers, so you must see the general consensus before hiring someone.

2. Find A Licensed Agent

You absolutely need an agent that is licensed and experienced. Currency trading businesses are not regulated, so you cannot be sure about the legitimacy of many businesses claiming to be agents. Currency scam artists prey on inexperienced traders who want to try out currency trading and may not know how or where to start looking for a legitimate business. One way to guarantee your business is legitimate is by making sure it has a license. Currency trading companies that are licensed have met the regulations and requirements of the country they are based in.

3. Ask For References From Other Clients

Once you’ve found a few businesses that seem legitimate, ask for references from other clients to make sure the agents work well with their customers and that they are reputable. Currency trading businesses that have a lot of happy customers will be upfront about their clients and should have no problem giving references to you.

4. Compare Rates Between Agents Before Deciding On One

An agent should be able to give you a quote based on your specific goals and risk profile. Comparison shopping for rates is the best way to make sure you’re getting a competitive quote for your dollar. Currency trading agents are in business to make money just like everyone else, so you can be sure that they’ll give you an honest comparison based on their own rates and those of their competitors.

5. Experience

Make sure the agent knows about your type of currency trading. They should be experienced with exchange and margin trades. Some currency pairings have different taxes than others, so you need to find out which one is best for you. You must find an agent that has experience with your specific type of trading so you don’t run into any issues or mistakes on their part.

Now that you know how to find the perfect agent for your currency trading needs, it’s time to get started. Don’t hesitate, and be sure to follow these five steps before making a decision! We hope this article has helped get any group’s legitimacy or you closer to achieving your goal of finding an expert who will make all the difference in your future success.

The Nairobi Securities Exchange Launches New Trading Platform

On 17 December 2020, the Nairobi Securities Exchange (the NSE) launched an Unquoted Securities Platform (the USP). The USP will function in accordance with its operational guidelines (the Guidelines) published on 11 December 2020. The Guidelines are available here.

The USP is an over the counter securities platform that utilises broker-dealer networks for the trade of securities. It has less stringent listing requirements and issuer obligations have opened a viable alternative for unlisted companies to access capital markets and long-term funding as issuers are enabled to raise finance through private placements. The USP also provides a boost to institutional and retail investors as it provides investors on the platform an accurate free-floating price of the securities of unlisted companies.

Key Considerations for Issuers

For admittance onto the USP, prospective issuers of the USP securities must meet the eligibility requirements of the Management Committee appointed by the NSE. The eligibility requirements are listed in the Guidelines, with the key requirements being, among others, the incorporation status of the issuer, articles of association amenable to USP securities and details of the board and management of the issuer. However, the eligibility requirements are non-exhaustive and the Management Committee may request further criteria as deemed necessary.

A prospective issuer will also need to appoint a registrar, to maintain a record of beneficiary holders of securities, and a custodian (licensed by the Central Bank of Kenya) for the safekeeping of USP securities, cash and other assets on behalf of the investors. Once the application documents have been submitted, the Management Committee will relay their decision to the prospective issuer within twenty-one (21) days.

If an application is accepted by the Management Committee, the issuer will have continuing obligations to the NSE, including disclosure requirements, which entail the disclosure of all material information in relation to the issuers business, financial statements and copies of notice of AGMs and EGMs. Additionally, issuers will be under an obligation to avoid the events of default under the Guidelines, such as: failure to distribute declared dividends and non-payment of interest of USP securities in accordance with the published timetable. Failure to meet continuing obligations may result in the suspension or expulsion of the issuer from the USP.

Key Considerations for Investors

To start trading on the USP, investors must be registered to an NSE authorised USP Trading Participant Agent (broker). In order to register with a broker, individual investors will be required to provide the broker of their choice with their full name, identity documents, contact details and passport (if they are foreign nationals). Investors that are entities will need to provide the broker with documents, such as, among others, the legal status and constitutive documents of the entity, board resolutions allowing the entity to invest and the identities of the directors.

Each investor authorised to trade on the USP is furnished with a unique USP securities trading account with a unique Trade Identification Code. The USP is open for trading on working days from 0900Hrs to 1500Hrs and investors can trade freely within this period. Trades made after the closing of the USP will be transacted at the next opening of the platform.

Investors will need to consider the maximum order size as trades over this limit will require prior disclosure with the NSE. In accordance with the Guidelines, trade volumes that exceed 20% of the total free float of an issuers USP securities will have to be disclosed to the NSE a day prior to the transaction.

For further information please contact Benedict Nzioki or Walid Khan.

2 FTSE 100 stocks to buy that I’d consider right now

I reckon it’s a good idea to invest in a few good quality FTSE 100 shares. I think these two pay decent dividend yields and have reasonable prospects for growing their dividends a little each year from where we are today.

Meanwhile, each firm has an undemanding valuation, which bodes well for future expansion of their share prices.

Retailing

FTSE 100 clothing, footwear, accessories and home products retailer Next (LSE: NXT) looks set to become a survivor in what has become a difficult sector. I think that’s because of the success of its catalogue and online sales strategy working in harmony with the store estate.

The second-quarter trading update released at the end of July revealed to us that sales and profits edged up by modest single-digit percentages in the period. I think that’s a far better trading outcome than many struggling retailers have been experiencing lately.

The good trading was better than the directors had previously anticipated and they increased full-price sales guidance for the second half of the year to an anticipated increase of 3% rather than 1.7% as stated earlier. Things are moving in the right direction and I think the stock is attractive.

At the recent share price close to 6,007p, the forward-looking earnings multiple runs just below 13 for the trading year to January 2021 and the anticipated dividend yield is around 2.9%. City analysts following the firm are pencilling in modest increases in the dividend ahead. I think Next looks like a stalwart that I’d be happy to add to my portfolio.

Paper & Packaging

Despite delivering decent-looking half-year financial numbers with its interim report at the beginning of August, paper and packaging firm Mondi (LSE: MNDI) saw its share price fall back on the news.

I think the move happened because the stock market is always looking ahead and trying to anticipate trading down the line. The figures were good, yes, but chief executive Peter Oswald said in the report they were achieved “against a backdrop of increasingly challenging trading conditions.” That, I reckon, was enough to spook the market.

But Oswald went on to say the firm’s “relentless” focus on continuous improvement is set to lessen the impact of trading pressures in the firm’s markets. I reckon the firm’s multi-year record of steady growth in revenue, earnings, cash flow and the dividend bodes well for future progress, despite any macro-economic wobbles we might see from time to time.

I like the stock and see the current weakness in the share price as an opportunity to hop aboard the story on better terms. The recent share price close to 1,595p throws up a forward-looking earnings multiple of just over nine for 2020 and the anticipated dividend yield is a little under 5%. I think that looks like decent value.