Single Case – CrypinBlock

01. Stock Exchange

Blockchain technology proponents believe it can be used to create secure and convenient alternatives to time-consuming and expensive banking processes. And this theory seems to be gaining traction, around the world. Token sales, or Initial Coin Offerings (ICOs).

Pellentesque scelerisque a nisl a imperdiet. Vivamus vulputate blandit risus, ac tempor ortor dictum eget efficitur sit amet nisl.

Challenge

While WeExchange functioned as a bitcoin wallet service and an exchange platform, BitFunder operated as a crypto stock exchange enabling users to purchase and trade.

Coinbase has emerged as one of the high profile names in the Bitcoin world placing itself on the top as a one stop solution for Bitcoins.

Bitfinex is a platform providing advanced trading tools like margin trading, short selling and liquidity swaps to buy or sell Bitcoins, Litecoins and Darkcoins.

Cryptsy is a platform not only for Bitcoins, but also the variants which are collectively called altcoins. The exchange is headquartered in Florida.

Solution

Being able to purchase Bitcoin is the initial step to trading in it. Just like trading a stock, Bitcoin exchanges charge transaction fees, which range from 0 to 1%. In order to trade Bitcoin on an exchange, the user needs to have an account, and go through a series of steps.

A good place to start is to look at the virtual coins which are supported by an exchange. With over 4,000 cryptocurrencies, and additional ones being added all the time, it is key to figure out which currencies you want to trade in, and then match the exchange that deals in those. .

Results

Desirable security features include two-factor authentication, SMS or email alerts, encrypted emails, and wallet monitoring. A smartphone app can also be very useful in terms of monitoring funds – but, poorly implemented software can represent a security risk.