I am a beginner, when it comes to buying and selling cryptocurrencies. Sometimes, when I am on the verge to trade, I get skeptical about my decision and leave the decision to trade. But now that I have access to these three tips, I think I’ll be able to make successful transactions now.

Litecoin and NEM are the fastest from what I’ve used so far.

I have also used Binance DEx, and found it to be good. IDEX is also pretty reliable. All you need to know is the proper management of keys.

I also agree with Suryana. The world of trading is full of ups and down. You have to trade carefully and be patient for the best results.
But at the same time, some of the risks that you should keep an eye on include:

- Cyber Risks
- Minor Human Errors
- Technological Risks

When looking for a good exchange, the first thing to consider is security. The security should be impenetrable, and exchange should respond fast, in case of any attacks.

Find out, if the broker is compliant with the local laws or not. For instance, when I first traded through BeaXchange, I was relieved to know that they have registered with the European Union.

Check if the exchange is cross-platform.

At last, consider reviewing the transparency and trading fee of the exchange.

In case, if you are stuck somewhere, you can join this group, https://t.me/beaxchange for more information. Hope it helps!

I prefer to trade with beaXchange as I find it as one of the most reliable multi cryptocurrency 24/7 live exchange, https://www.beaxchange.com/. They have an intuitive trading interface, which makes trading a seamless process.
Further, they offer high liquidity and a unique risk breeze feature.

There is no denying that there is a risk effect if more and more exchanges keep coming up, but a few days ago, I came across a next-gen multi-cryptocurrency 24/7 live exchange, beaXchange. This platform utilizes offline cold storage, multi-location server backups, hacker DDOS protection, full data encryption, and is PC DSS compliant.

You can check it out, https://www.beaxchange.com/!

While there are many different blockchains powered by different type of algorithms, the most common are PoW — proof of work, and PoS — proof of stake.

There are plenty of articles out there explaining that blockchains, while having an advantage over traditional databases in some areas, like the centralised cost of security, have no particular advantage when it comes to the storage of data. And that point of view is a good thing. Why? Because, if they did, PoS blockchain algorithms that power cryptocurrencies would not be selling for pennies.

When looking for long term investing ideas in the cryptocurrency and blockchains ecosphere, remember the Internet of tomorrow, driven by the problems of today, will be always on, always tracking, always monitoring, always listening, and always watching.

Why?

Because it will always be learning.

About you.

https://www.altcoinsidekick.com/blog/problem-reaction-solution

While the majority of cryptocurrency investors, the 95%, approach finding cryptocurrency trading ideas like Amsterdam and Bill in Gangs of New York, fighting over territory long in the shadow of a world that has already replaced them, by using metrics that scale, like the number of employees, the 5%, the most consistent speculators and investors, develop their own ideas, finding benchmarks that highlight the leading cryptocurrencies, not MACDs or RSIs or other technical indicators, but real-world indicators of pent up demand.

The 5% free themselves from the opinions of others, allowing them to concentrate only on the things that matter, like the direction and duration of the trend.

https://www.altcoinsidekick.com/blog/big-in-japan

Instead of getting lost, attempting to understand the trade-offs in blockchain security between Proof of Work and Proof of Stake algorithms, instead of figuring out the pros and cons of on-chain versus off-chain transactions, and instead of falling down a technical black hole when reading about the loss of Byzantine fault tolerance when sharding a protocol and moving from single to parallel threading, allowing the protocol to run in parallel, start with three high-level questions.

What real-world problem does this cryptocurrency or blockchain technology solve?

Is the technology scalable?

Who are the developers?

https://www.altcoinsidekick.com/blog/big-in-japan

Facebook is launching a cryptocurrency. Named Libra, Facebook is developing a stablecoin. News of Facebook working on its own cryptocurrency is not new, it’s been around for a while, but the release of the white paper is being used as a probable reason for Bitcoin’s $2,000 move this week.

All traded markets are discounting mechanisms, pricing in the expected, reacting to the unexpected. It’s the reason companies can announce dreadful results and yet rally in price because the results, though terrible, were better than expected.

Is the move in Bitcoin factoring in not Facebook’s cryptocurrency debut, but the potential of Facebook’s entry into the cryptocurrency space?

It’s not about Libra. It’s about legitimacy and what legitimacy infers. It could, for example, soften India’s stance on cryptocurrencies. India has a population of over 1.3 billion people, equivalent to over 17% of the world’s population. What effect would legalising cryptocurrency in India have on the market?

It’s unknown, but Facebook’s entry into cryptocurrency adds a variable that needs to be priced in, but it’s often not the news itself, but the implications of the news that has the most effect.

One skill deployed by the 5%, the most successful group of speculators and investors, is the transmutation of new information.

https://www.altcoinsidekick.com/blog/velvet-revolution

The Bitcoin ATM sector is heating up; it's all because of the combination of factors, including better technology, more functionality, and increased demand. Bitcoin ATMs are easy to use, and they give crypto investors with a reliable alternative to fiat-to-crypto exchanges, such as Coinbase.

Let's take some advantages of this burgeoning crypto business sector:

1.Growing Popularity: The crypto market is expanding. Bitcoin ATMs bring a new level of convenience to the crypto market, by allowing any individual to purchase crypto directly.

2.Cost-Effective: These are one of the most profitable businesses. The ATMs do not require a lot of electricity to function, and there is no additional hardware needed to monitor your investment.

3.Added Functionality: Bitcoin ATM manufacturers are adding new functionality to their units. Most Bitcoin ATMs allow the user to purchase various altcoins. Litecoin, Ethereum, and Bitcoin Cash are the most popular altcoins added to these ATMs.

Only you can decide if a Bitcoin ATM business is the right investment. Just like with expenses, numerous factors influence the revenue of a Bitcoin ATM business, with the location being the most important one.

Most cryptocurrency traders take their cues from others and trade off the technicals, using indicators like the MACD, RSI, and moving averages as their sole reason for taking the trade, not realising these momentum indicators are all just different ways of confirming the same thing.

The 5% use technicals when trading only over the short term timeframes, or as a trigger for entry into a position they expect to hold for a longer period.

Entering into a long term hold and building a campaign works best when background conditions are favorable. In the commodity markets, one method used as a short cut to confirming favorable conditions is backwardation and contango.

Usually, a commodity will be more expensive the further out in time the expiry date. This is called contango. Sometimes, when the supply of a commodity is expected to become bottlenecked, the prices of the near term contracts start trading at higher prices than the longer-dated contracts. This state is called backwardation, and when a market transitions from contango into backwardation, the market move, if it starts, has a higher likelihood of being for real.

Commodity markets also have open interest, as well as volume, to help evaluate the underlying conditions.

Contango, backwardation, and open interest are direct market feedback indicators generated internally by the underlying supply and demand, but sometimes the causes of favorable conditions aren’t market generated; they are exogenous to the market but affect the supply and demand.

While the social media buzz is talking up Bitcoin and the top alt-coins, causing the 95% sitting on the fence to throw in the towel and enter, the 5% study geopolitics and other external variables that could act as a long term favorable condition for their trading ideas.

p/s: here's a new giveaway campaign by altcoinsidekick - https://gleam.io/competitions/Ag2m5-altcoinsidekick-podcast

For eastern countries, who don’t have things like democracy to worry about, it was easy. They banned it.

The West took a more subtle approach using the jab-cross-left-hook of fear, dis-accreditation, and tax. Fear of capital loss and distrust. Stories of stolen coins, bankrupt and corrupt exchanges. Linking cryptocurrency to crime, and what the government will do to anyone who actually makes a profit.

It worked.

Globally the response to the rise in the market capitalisation of cryptocurrencies was not homeopathic.

Governments didn’t bring out the heat lamp and cream to soothe the problem.

They brought the sword and started swinging.

On the demand side…

China outright banned ICO offerings and cryptocurrency trading, but India was slightly more subtle. The Indian government made an offer the banks couldn’t refuse — sure, you (banks) are free to do what you want. But if you let your customers swap between rupees and cryptocurrency the Indian Central Bank will cut you off. Not quite waking up with a prize stallion head in the bed, but Johnny Fontaine got his movie.

South Korea, a country whose citizens are understandably Bitcoin crazy, initially banned ICO’s but allowed the restricted buying and selling of cryptocurrency. The restrictions include prohibiting anonymous deposits and reporting anyone who moved more than 10 million won ($9,300) a day into the cryptocurrency market.

In the West, while not outright banning cryptocurrency trading, the campaign to stop cryptocurrency demand moved into full swing and included…

Full KYC (know your customer) requirements to open a cryptocurrency account.

Restrictions on how much fiat currency can be moved in and out of exchanges.

Huge increases in fees from credit and debit cards to fund cryptocurrency accounts.

New tax laws. The IRS now treats cryptocurrency as property. Any profit must be disclosed. Not just from moving fiat currency into cryptocurrency and then back again, but on every individual transaction.

Strong-arming cryptocurrency exchanges with new regulation caused massive delays in account opening, and all this combined with a negative media frenzy successfully killed the demand.

Big companies too joined the anti-cryptocurrency stance.

Facebook and Google outlawed cryptocurrency advertising. Perhaps they have been persuaded by the wisdom of the establishment, considering the lightness of touch over regulation and taxation. Why bite the hand?

The speed and aggressiveness in response to the rising value of cryptocurrencies is a significant tell on the future of this technology.

The establishment wants your seat at the table.

here's an answer I found so far but it's rather technical...

Masternode is a governing hub in cryptocurrency networks that requires initial collateral of tokens to operate.

Basically, a node is referred to any computing device that maintains a network. Cryptocurrency is supported by a network of computers, each keeping a digital record of the data called blockchain.

Further, a masternode votes on proposals to improve the Dash system and every masternode gets one vote. The special job of masternode includes creating instant transactions, called “InstaSend” and private transactions that hide that you’ve sent money, known as “PrivateSend.”

Here are some reasons why you should consider a masternode:

It enables instant transactions.
It enhances the privacy of the transactions.
It lets the user take part in governance and voting.
It facilitates the treasury and budgeting system in cryptocurrencies.

any better explanation than this?

With Bitcoin 33% higher, did technical analysis cause the move or are background forces at work?

When trending down, the market is sliding down the slope of hope, and, when trending up, the market is climbing up the wall of worry.

At first glance, sliding down the slope of hope and climbing up the wall of worry don’t seem to impart too much wisdom, but, under the surface, these phrases describe not only crowd behaviour but also one of the biggest causes of the crowd’s losses.

As markets move down, news that has the potential to stop the rout gains more attention. And, as markets move up, news that could end the rally becomes the focus.

The process of sliding down the slope of hope and climbing up the wall of worry is continuous. Even in the sideways accumulation and distribution phases of the price cycle.

The 5% use this process as one of the checks before they take a position because paradoxically all liquid markets, including cryptocurrencies, exhibit the worst news typically portraying a near hopeless situation at major lows, and vice versa, when markets are soaring, and the news is good, when everything looks fantastic, and the thought of a market selling off looks highly unlikely, it’s then that markets typically print major highs.

The catalyst could be exogenous, external to the market, like a natural disaster, a geopolitical shock event, or a cryptocurrency exchange collapse. Or, it could be endogenous, something internal; a shock report exposing corruption within an organisation, an earnings miss or a profit warning.



https://www.altcoinsidekick.com/blog/wonderwall

FinTech banks are disrupting traditional banks, but what if you want to move your money into a cryptocurrency asset? If you sweep your funds into a cryptocurrency account, what cryptocurrency are you going to use to hold your funds?

As bullish speculation in cryptocurrencies gathers pace, if the majority of traders and speculators use technical charts to trigger trade entries and exits over the short term, how useful are these tools in answering the only question that matters - being on the right side of the trend, and how long is the trend likely to last?

https://www.youtube.com/watch?v=h-iCOz7XGO8

Take a look at a heat map of the cryptocurrency markets, and it’s easy to get bullish. The performance returns between the 15th December 2018 to the 23rd April 2019 look impressive:

Bitcoin is up 70%,

Ethereum 102%,

EOS 171%,

ADA 161%,

Litecoin 214%,

Bitcoin Cash 275%, and

Binance coin up 400%.

Google “crypto news” and recently, especially after the up moves of April 2nd, the format is the same, with the headlines focusing on price gains, the opinions of crypto celebrities, or the launch or emergence of new blockchain technology.

Using a log scale gives the appearance the 2018 84% drop is a typical down move in an uptrend, because, in percentage terms, the 2018 price drop matched the 2013 to 2015 move down. It’s easy to persuade the unwary, using technical analysis,

If you try this on Ethereum or any cryptocurrency that had significant moves down from their all-time highs, you’ll see the same thing. It’s possible to make an 80-95% price drop seem like it’s easy to recover from. It’s not.

Why?

https://www.altcoinsidekick.com/blog/disruptive-force

Being a newbie, you should only consider the most secure and reliable cryptocurrency exchange so that your trades and purchases are safe. Also, make sure you never store your funds on the exchange. You must withdraw them back in your wallet. For added security, you can use a hardware wallet. But make sure you choose the right digital wallet to store your funds. Here is a guide to choosing the right digital wallet.
https://www.altcoinsidekick.com/bitcoin-basic-blog/choosing-the-right-digital-wallet-to-store-your-cryptocurrency

There are several exchanges that you can confide in such Coinbase, Binance, KuCoin, and more. Coinbase is one of the most trusted exchanges in the world. For security, coinbase stores 98% of customer funds offline that prevents thefts and loss. Besides, it distributes its bitcoins geographically around the world in safe deposit boxes and vaults. 

If you use Coinbase, you’ll also be able to use Coinbase Pro exchange that has more advanced trading features like margin trading and market, limit & stop orders.