Investors need to be calm and collected
Cryptocurrency traders fail when they succumb to their fears and begin to panic. Fear and panic are dangerous allies. They can wipe out all previous efforts and achievements.
A drop in the exchange rate is no reason to panic
A typical mistake made by inexperienced traders is to panic when the cryptocurrency exchange rate starts to decline. The fear of a loss pushes them to sell assets for less than their purchase price, thus sending them into negative. However, exchange rate fluctuations are a normal phenomenon for the cryptocurrency market. We have already repeatedly observed very sharp and prolonged slumps, followed by the subsequent recovery of not only bitcoin, but also virtually all leading altcoins.
Stay calm regardless of the situation
If a coin's exchange rate begins to slide, remain calm and coolly analyze the situation. As a rule, a rise generally begins after each fall, so don't rush to sell. Even when exchange rates are falling across the board, there is no need to panic. If you rush, you will probably make mistakes, so don't rush. Common sense will help you to build the right strategy and avoid or minimize losses. Just look at the annual cryptocurrency charts and you'll see that all the leading coins are appreciating in value from year to year.
Topic: SIGEN is a cryptocurrency trading platform. Exchange, P2P platform and exchanger - page 14. (Read 3428 times)
April 03, 2018, 04:00:32 PM
April 02, 2018, 04:02:34 PM
What's a trend line?
When trading cryptocurrencies, everyone would like to know where the price is going—up or down. A trend line is an analytical tool that can help with this. It is a simple tool for trading analytics that is available to everyone.
How to build a trend line
A trend line is built by two low points or two high points, and a third point, which serves to confirm the trend line. You don't have to limit yourself to just 3 points: the more points you use, the more obvious the trend and the more reliable the forecast.
The points used to build a trend line should not be too close together temporally. Such a forecast wouldn't not be reliable.
When building a trend line, you also need to consider its angle. When the angle changes, it means that the asset's price is also changing. The steeper the angle, the faster the change in price.
Downtrends and uptrends
During a downtrend, the trend line is built above the chart, while the line for an uptrend is built below the chart.
During a rising ("bullish") trend, each new price peak is higher than the previous one. With a ("bearish") downtrend, each next price point is lower than the previous one.
Support and resistance lines
The line that passes through the lows is called the support line. As soon as the price reaches the low point, it bounces back, trying to climb upward again.
The line connecting the price highs is the resistance line. The price is not expected to rise above this line.
If the trend breaks through the support line, you should expect the asset's value to collapse. If it breaks through the resistance line, you should expect a strong increase in price.
If the price remains at about the same level, we say there is a flat or sideways trend. Experienced traders have learned how to take advantage of this type of trend. Using insignificant exchange rate fluctuations, they can anticipate when the stability will end and whether the price will up or down.
When trading cryptocurrencies, everyone would like to know where the price is going—up or down. A trend line is an analytical tool that can help with this. It is a simple tool for trading analytics that is available to everyone.
How to build a trend line
A trend line is built by two low points or two high points, and a third point, which serves to confirm the trend line. You don't have to limit yourself to just 3 points: the more points you use, the more obvious the trend and the more reliable the forecast.
The points used to build a trend line should not be too close together temporally. Such a forecast wouldn't not be reliable.
When building a trend line, you also need to consider its angle. When the angle changes, it means that the asset's price is also changing. The steeper the angle, the faster the change in price.
Downtrends and uptrends
During a downtrend, the trend line is built above the chart, while the line for an uptrend is built below the chart.
During a rising ("bullish") trend, each new price peak is higher than the previous one. With a ("bearish") downtrend, each next price point is lower than the previous one.
Support and resistance lines
The line that passes through the lows is called the support line. As soon as the price reaches the low point, it bounces back, trying to climb upward again.
The line connecting the price highs is the resistance line. The price is not expected to rise above this line.
If the trend breaks through the support line, you should expect the asset's value to collapse. If it breaks through the resistance line, you should expect a strong increase in price.
If the price remains at about the same level, we say there is a flat or sideways trend. Experienced traders have learned how to take advantage of this type of trend. Using insignificant exchange rate fluctuations, they can anticipate when the stability will end and whether the price will up or down.
April 01, 2018, 03:52:15 PM
Trust your money to no one
Beginning traders often get hooked by "experienced investors" who offer their services regarding some "profitable" investment, promising only profits and no losses. But most of the time, such proposals are cover for amateurs seeking to make money at someone else's expense.
Trusting such people puts you at risk of going bust, while your "benefactor" won't lose anything at all. After all, if the deal ends up being profitable, he gets a percentage for his services, well. If the investment tanks, only you lose since he isn't investing his own money, only yours.
Do your own research
Since the cryptocurrency market is virtually unpredictable, even a truly experienced trader with solid capital can't say with 100% certainty how a particular coin will behave in the near future. Honest people simply won't promise you anything. Mountains of gold "no matter what" are usually promised by scammers who have no qualms about profiting from your naivete and trust.
To stay in the black, study the market yourself and learn to do analysis. Do not succumb to the desire to make money quickly with someone else's help. Be wise: don't trust your assets to outsiders; manage your own funds.
May good profits come your way!
Beginning traders often get hooked by "experienced investors" who offer their services regarding some "profitable" investment, promising only profits and no losses. But most of the time, such proposals are cover for amateurs seeking to make money at someone else's expense.
Trusting such people puts you at risk of going bust, while your "benefactor" won't lose anything at all. After all, if the deal ends up being profitable, he gets a percentage for his services, well. If the investment tanks, only you lose since he isn't investing his own money, only yours.
Do your own research
Since the cryptocurrency market is virtually unpredictable, even a truly experienced trader with solid capital can't say with 100% certainty how a particular coin will behave in the near future. Honest people simply won't promise you anything. Mountains of gold "no matter what" are usually promised by scammers who have no qualms about profiting from your naivete and trust.
To stay in the black, study the market yourself and learn to do analysis. Do not succumb to the desire to make money quickly with someone else's help. Be wise: don't trust your assets to outsiders; manage your own funds.
May good profits come your way!
March 30, 2018, 04:44:05 PM
Credible crypto-activists on Twitter: Top 6
Twitter is very popular among cryptocurrency advocates, since it makes it possible to learn news first-hand from active and famed personalities in the crypto industry. TheMerkle has published a list of the top 6 credible cryptocurrency activists on Twitter.
CRYPTOCOBAIN - https://twitter.com/CryptoCobain
This user was one of the earliest cryptocurrency tweeters, and has had an account since 2013 under the alias @CryptoCobain. He is an eccentric commentator and has a certain level of credibility as an old-timer. And he is already an integral part of the cryptocurrency industry. But there are rumors that he is planning to leave the crypto world.
CHRIS DUNN - https://twitter.com/ChrisDunnTV
Chris Dunn is an active investor and a serious analyst of the financial side of the cryptocurrency market. His followers are people who hope that cryptocurrencies will help them get rich not by luck, but by employing analytical tools.
JOHN MCAFEE - https://twitter.com/officialmcafee
John McAfee is the creator of the well-known McAfee antivirus software. And he is a very active crypto-enthusiast, who often surprises his followers with unusual tweets. But the information he puts out is entirely serious and useful.
VINNY LINGHAM - https://twitter.com/VinnyLingham
Vinny Lingham is a practicing and rather well-known expert in blockchain technologies. In addition to writing about his work to introduce blockchain to digital authentication systems, he also writes about general problems facing cryptocurrencies. His followers appreciate that he always has an opinion.
CHARLIE SHREM - https://twitter.com/CharlieShrem
Charlie Schrem is a "bitcoin pioneer". He has been tweeting since 2009, and is essentially a legend in the crypto world. By all accounts, he is an expert in the field, and his tweets often start interesting debates.
ANDREAS ANTONOPOULOS - https://twitter.com/aantonop
Andreas Antonopoulos is a big celebrity in the cryptocurrency world. He is a cryptoenthusiast and entrepreneur, as well as the author of books on cryptocurrencies. That's why so many people interested in cryptocurrencies follow him on Twitter.
Twitter is very popular among cryptocurrency advocates, since it makes it possible to learn news first-hand from active and famed personalities in the crypto industry. TheMerkle has published a list of the top 6 credible cryptocurrency activists on Twitter.
CRYPTOCOBAIN - https://twitter.com/CryptoCobain
This user was one of the earliest cryptocurrency tweeters, and has had an account since 2013 under the alias @CryptoCobain. He is an eccentric commentator and has a certain level of credibility as an old-timer. And he is already an integral part of the cryptocurrency industry. But there are rumors that he is planning to leave the crypto world.
CHRIS DUNN - https://twitter.com/ChrisDunnTV
Chris Dunn is an active investor and a serious analyst of the financial side of the cryptocurrency market. His followers are people who hope that cryptocurrencies will help them get rich not by luck, but by employing analytical tools.
JOHN MCAFEE - https://twitter.com/officialmcafee
John McAfee is the creator of the well-known McAfee antivirus software. And he is a very active crypto-enthusiast, who often surprises his followers with unusual tweets. But the information he puts out is entirely serious and useful.
VINNY LINGHAM - https://twitter.com/VinnyLingham
Vinny Lingham is a practicing and rather well-known expert in blockchain technologies. In addition to writing about his work to introduce blockchain to digital authentication systems, he also writes about general problems facing cryptocurrencies. His followers appreciate that he always has an opinion.
CHARLIE SHREM - https://twitter.com/CharlieShrem
Charlie Schrem is a "bitcoin pioneer". He has been tweeting since 2009, and is essentially a legend in the crypto world. By all accounts, he is an expert in the field, and his tweets often start interesting debates.
ANDREAS ANTONOPOULOS - https://twitter.com/aantonop
Andreas Antonopoulos is a big celebrity in the cryptocurrency world. He is a cryptoenthusiast and entrepreneur, as well as the author of books on cryptocurrencies. That's why so many people interested in cryptocurrencies follow him on Twitter.
March 29, 2018, 04:13:15 PM
70% of cryptocurrency exchanges allow user accounts to have weak passwords. SIGEN does not.
The creators of the Dashlane password manager analyzed the password requirements imposed by cryptocurrency exchanges.
They concluded that over 70% of all cryptocurrency exchanges allow users to use weak passwords. This can actually be seen as indifference to users' welfare, because their savings are at risk: accounts with weak passwords are vulnerable to hackers.
What is required to make a strong password?
It turns out that only about 30% of cryptocurrency exchanges and trading platforms fully comply with these requirements. The remaining 70% do not. Moreover, 43% of the analyzed platforms allow passwords shorter than 8 characters, and 34% do not require both letters and numbers.
Exchanges are unlikely to earn a good reputation with such an attitude toward user accounts. We recommend that you do not open accounts on such exchanges and certainly never keep funds there.
The SIGEN cryptocurrency exchange cares about your security
The SIGEN cryptocurrency exchange imposes stringent password requirements that comply with established standards. Additionally, mandatory two-factor identification has been introduced on the platform, as noted in a previous article. These security measures can reliably protect your savings from thieves. Using the SIGEN platform is simple and safe: we care about you!
The creators of the Dashlane password manager analyzed the password requirements imposed by cryptocurrency exchanges.
They concluded that over 70% of all cryptocurrency exchanges allow users to use weak passwords. This can actually be seen as indifference to users' welfare, because their savings are at risk: accounts with weak passwords are vulnerable to hackers.
What is required to make a strong password?
- A password must be at least 8 characters long;
- It must have both lowercase and uppercase letters;
- It must include numbers.
It turns out that only about 30% of cryptocurrency exchanges and trading platforms fully comply with these requirements. The remaining 70% do not. Moreover, 43% of the analyzed platforms allow passwords shorter than 8 characters, and 34% do not require both letters and numbers.
Exchanges are unlikely to earn a good reputation with such an attitude toward user accounts. We recommend that you do not open accounts on such exchanges and certainly never keep funds there.
The SIGEN cryptocurrency exchange cares about your security
The SIGEN cryptocurrency exchange imposes stringent password requirements that comply with established standards. Additionally, mandatory two-factor identification has been introduced on the platform, as noted in a previous article. These security measures can reliably protect your savings from thieves. Using the SIGEN platform is simple and safe: we care about you!
March 28, 2018, 05:03:40 PM
What is cryptocurrency market capitalization?
The closest thing to the concept of cryptocurrency market capitalization is the capitalization of the stock market, which is an indicator of the scale of all transactions that take place in the stock market. It is defined as the total market value of the securities traded on the exchange. Similarly, cryptocurrency market capitalization indicates the total value of cryptocoins circulating on the market, based on the price per coin.
In other words, to calculate the total cryptocurrency market capitalization or the capitalization of a particular cryptocurrency: multiply the value of the coin(s) by the number of coins in circulation. As you can see, calculating the capitalization is quite easy: we know the number of coins in circulation for each cryptocurrency, as well as the price. But!
Nuances in the calculation of capitalization
But those who have worked with cryptocurrencies will immediately understand that calculating the actual capitalization is made difficult by the fact that the cost of coins changes constantly, sometimes dramatically. In addition, unlike securities traded on an exchange, the number of coins is constantly growing. But this isn't the only thing that makes it difficult to calculate the cryptocurrency market capitalization.
Bitcoin represents a large, almost overwhelming, share of the entire market's capitalization. But it is impossible to say exactly how many bitcoins are in circulation. We know exactly how many bitcoins have been created. But a huge percentage of them are not in circulation. When bitcoin was cheap, many people created a bitcoin wallet and forgot about it. Satoshi Nakamoto, the alleged bitcoin creator, mined about a million coins, but nobody knows where they are now.
It is believed that between the location of between 1.5 and 4 million bitcoins is unknown. They are not being circulated and may be lost forever. As a result, we can only calculate an approximation of the cryptocurrency market capitalization.
Still, market capitalization is noted on cryptoexchanges and websites. It is an important indicator for investors who look at whether capitalization is growing or not. Last year, the cryptocurrency market capitalization almost reached a trillion dollars. This is an outstanding figure. The capitalization is not so high now, since bitcoin's slide, with many other cryptocurrencies following it down. But if you look at the indicators for a longer period, you can immediately see that the capitalization is growing from year to year.
You can see the current capitalization at https://coinmarketcap.com/
The closest thing to the concept of cryptocurrency market capitalization is the capitalization of the stock market, which is an indicator of the scale of all transactions that take place in the stock market. It is defined as the total market value of the securities traded on the exchange. Similarly, cryptocurrency market capitalization indicates the total value of cryptocoins circulating on the market, based on the price per coin.
In other words, to calculate the total cryptocurrency market capitalization or the capitalization of a particular cryptocurrency: multiply the value of the coin(s) by the number of coins in circulation. As you can see, calculating the capitalization is quite easy: we know the number of coins in circulation for each cryptocurrency, as well as the price. But!
Nuances in the calculation of capitalization
But those who have worked with cryptocurrencies will immediately understand that calculating the actual capitalization is made difficult by the fact that the cost of coins changes constantly, sometimes dramatically. In addition, unlike securities traded on an exchange, the number of coins is constantly growing. But this isn't the only thing that makes it difficult to calculate the cryptocurrency market capitalization.
Bitcoin represents a large, almost overwhelming, share of the entire market's capitalization. But it is impossible to say exactly how many bitcoins are in circulation. We know exactly how many bitcoins have been created. But a huge percentage of them are not in circulation. When bitcoin was cheap, many people created a bitcoin wallet and forgot about it. Satoshi Nakamoto, the alleged bitcoin creator, mined about a million coins, but nobody knows where they are now.
It is believed that between the location of between 1.5 and 4 million bitcoins is unknown. They are not being circulated and may be lost forever. As a result, we can only calculate an approximation of the cryptocurrency market capitalization.
Still, market capitalization is noted on cryptoexchanges and websites. It is an important indicator for investors who look at whether capitalization is growing or not. Last year, the cryptocurrency market capitalization almost reached a trillion dollars. This is an outstanding figure. The capitalization is not so high now, since bitcoin's slide, with many other cryptocurrencies following it down. But if you look at the indicators for a longer period, you can immediately see that the capitalization is growing from year to year.
You can see the current capitalization at https://coinmarketcap.com/
March 27, 2018, 04:14:28 PM
Why is it necessary to take profits?
When cryptocurrency prices are rising, inexperienced traders often become so fascinated by their trades and investments that they forget to take profits. In doing so, they are taking a big risk. If your investments appreciate, don't get greedy and hope to get even more. That may cause you to lose everything.
The cryptocurrency market is not very predictable, so no one can ever say exactly how cryptocurrencies will behave from one moment to the next. You should always be alert and periodically protect yourself by taking profits. For example, you are counting on growth, but if a cryptocurrency grows now, that doesn't mean it will grow forever. Suppose the market drops one day. If the decline is sudden, you will not only lose your profits, but also go into the negative. These are market laws that are unavoidable.
Take profits regularly
If you've earned a 20% return on your trades or investments, why not take your profits? Of course, if your rosy predictions come true, you could make even more using both your initial investment and your gains. But what if your cryptocurrency experiences a sudden downswing when you expected it to rise?
Taking profits at the right time will definitely keep you in the black. Then you can buy cryptocurrency at the current exchange rate or wait for the right time to make a purchase. Thus, each time you take profits, you start a new "round" of trading and/or investing.
Profit-taking should become a habit for you. You must develop a strategy for yourself and determine how often and how much to take. This is a personal decision and depends on many factors, including the size of your initial investment and the behavior of the cryptocurrencies you trade. If you choose the right strategy, you will be able to make profits regularly.
We wish you success in your trading and investments!
When cryptocurrency prices are rising, inexperienced traders often become so fascinated by their trades and investments that they forget to take profits. In doing so, they are taking a big risk. If your investments appreciate, don't get greedy and hope to get even more. That may cause you to lose everything.
The cryptocurrency market is not very predictable, so no one can ever say exactly how cryptocurrencies will behave from one moment to the next. You should always be alert and periodically protect yourself by taking profits. For example, you are counting on growth, but if a cryptocurrency grows now, that doesn't mean it will grow forever. Suppose the market drops one day. If the decline is sudden, you will not only lose your profits, but also go into the negative. These are market laws that are unavoidable.
Take profits regularly
If you've earned a 20% return on your trades or investments, why not take your profits? Of course, if your rosy predictions come true, you could make even more using both your initial investment and your gains. But what if your cryptocurrency experiences a sudden downswing when you expected it to rise?
Taking profits at the right time will definitely keep you in the black. Then you can buy cryptocurrency at the current exchange rate or wait for the right time to make a purchase. Thus, each time you take profits, you start a new "round" of trading and/or investing.
Profit-taking should become a habit for you. You must develop a strategy for yourself and determine how often and how much to take. This is a personal decision and depends on many factors, including the size of your initial investment and the behavior of the cryptocurrencies you trade. If you choose the right strategy, you will be able to make profits regularly.
We wish you success in your trading and investments!
March 26, 2018, 04:29:29 PM
**How to properly diversify your cryptocurrency portfolio**
When investing in cryptocurrencies, it is important to achieve the right balance. Proper diversification of your cryptocurrency portfolio lets you increase investment profits and minimize potential risks. In other words, you need to distribute your investments correctly.
How much should be in the portfolio?
According to analysts, diversification is helpful for investors working with sums starting at $500. With smaller amounts, distributing your funds doesn't make much sense. Of course, you could work with amounts such as $100, $50, and even $1. But creating a portfolio this way is not the best idea.
So if you haven't yet reached the $500 mark, just keep saving more money. However, nothing is stopping you from thinking ahead about diversifying your future cryptocurrency portfolio.
Strategy to create a portfolio
As a rule, a diversified portfolio has three types of investments:
● Low risk - Investments in bitcoin and other established coins among the top 10 cryptocurrencies, such as Ethereum or Litecoin;
● Moderate risk - Investments in cryptocurrencies with high market capitalization; these are usually cryptocurrencies in the top 30;
● High risk - Investments in cryptocurrencies that have recently appeared on the market and do not yet have a reputation or trust in the crypto community.
As for the ratio of these types of investments, most investors use the following allocations: 50%/30%/20% or 60%/30%/10%. This is the distribution they consider to be the best.
Your portfolio will need to be adjusted
Once you have created a portfolio, you can't just forget it and always make a profit. In fact, you must not forget about it, because it will need constant adjustment and additional investments. The cryptocurrency market is dynamic, so you need to carefully track your portfolio and regularly run the numbers. This is the only way to confidently stay afloat.
Good luck!
When investing in cryptocurrencies, it is important to achieve the right balance. Proper diversification of your cryptocurrency portfolio lets you increase investment profits and minimize potential risks. In other words, you need to distribute your investments correctly.
How much should be in the portfolio?
According to analysts, diversification is helpful for investors working with sums starting at $500. With smaller amounts, distributing your funds doesn't make much sense. Of course, you could work with amounts such as $100, $50, and even $1. But creating a portfolio this way is not the best idea.
So if you haven't yet reached the $500 mark, just keep saving more money. However, nothing is stopping you from thinking ahead about diversifying your future cryptocurrency portfolio.
Strategy to create a portfolio
As a rule, a diversified portfolio has three types of investments:
● Low risk - Investments in bitcoin and other established coins among the top 10 cryptocurrencies, such as Ethereum or Litecoin;
● Moderate risk - Investments in cryptocurrencies with high market capitalization; these are usually cryptocurrencies in the top 30;
● High risk - Investments in cryptocurrencies that have recently appeared on the market and do not yet have a reputation or trust in the crypto community.
As for the ratio of these types of investments, most investors use the following allocations: 50%/30%/20% or 60%/30%/10%. This is the distribution they consider to be the best.
Your portfolio will need to be adjusted
Once you have created a portfolio, you can't just forget it and always make a profit. In fact, you must not forget about it, because it will need constant adjustment and additional investments. The cryptocurrency market is dynamic, so you need to carefully track your portfolio and regularly run the numbers. This is the only way to confidently stay afloat.
Good luck!
March 25, 2018, 04:51:14 PM
Important trading rule: Don't put all your eggs in one basket
To minimize cryptocurrency investment risks, split up your investments. If you invest all your funds in one coin, you significantly increase the risk of going broke. After all, if the coin collapses, you'll find yourself in the red in an instant.
Of course, the coin might appreciate and then you would made good money, but the trick is that no one can guarantee how a specific coin will behave. It is impossible to predict with 100% certainty.
So diversify your investments - it's important!
Investment diversification means to invest funds in various assets. In the case of the crypto market, it means to invest in different cryptocurrencies. Diversification significantly reduces the risk that you will failure due to a sudden crash by a single coin. In this case, you will be able to offset your losses thanks to profits from your investments in other coins. Or at least you will minimize your losses.
In reality, diversification is not an easy thing, but it is essential that you master it for your own good. Ideally, you need to create an investment portfolio and skillfully diversify it.
We will provide more details about diversifying a cryptocurrency portfolio in our next article. We wish you successful investments and good profits!
To minimize cryptocurrency investment risks, split up your investments. If you invest all your funds in one coin, you significantly increase the risk of going broke. After all, if the coin collapses, you'll find yourself in the red in an instant.
Of course, the coin might appreciate and then you would made good money, but the trick is that no one can guarantee how a specific coin will behave. It is impossible to predict with 100% certainty.
So diversify your investments - it's important!
Investment diversification means to invest funds in various assets. In the case of the crypto market, it means to invest in different cryptocurrencies. Diversification significantly reduces the risk that you will failure due to a sudden crash by a single coin. In this case, you will be able to offset your losses thanks to profits from your investments in other coins. Or at least you will minimize your losses.
In reality, diversification is not an easy thing, but it is essential that you master it for your own good. Ideally, you need to create an investment portfolio and skillfully diversify it.
We will provide more details about diversifying a cryptocurrency portfolio in our next article. We wish you successful investments and good profits!
March 24, 2018, 04:49:16 PM
Why watch bitcoin when investing in altcoins?
If you want to make money by short-term trading altcoins (cryptocurrencies that are alternatives to bitcoin), we recommend that you constantly watch the bitcoin exchange rate. In this article, we'll explain why this is necessary.
We'll state upfront that the following advice applies to established and well-developed altcoins, such as Litecoin. "Young" coins can behave unpredictably, suddenly shooting upward or plummeting downward, regardless of what bitcoin is doing at the moment.
So, here's why you should track BTC when investing in altcoins:
● Virtually all altcoins are closely related to bitcoin. When bitcoin begins to grow rapidly, altcoins' exchange rate against bitcoin may fall, and against the dollar - it may grow more slowly. This happens most often because many investors pull their funds out of altcoins and move them into the rising BTC to make money. And because everyone is selling altcoins, their price goes down.
● Of course, when bitcoin falls rapidly, altcoins still fall. In this situation, investors pull money out of Bitcoin, but they do not put it into altcoins. Generally, they pull funds from the cryptocurrency market to buy fiat currency.
So when do altcoin prices rise? As a rule, they grow when there is generally good news while bitcoin is weak or rising/falling slightly, i.e. is not moving abruptly.
We conclude that it is best to buy altcoins as their prices are falling in response to a sharp rise/fall in bitcoin, and then wait for the market to stabilize.
If you want to make money by short-term trading altcoins (cryptocurrencies that are alternatives to bitcoin), we recommend that you constantly watch the bitcoin exchange rate. In this article, we'll explain why this is necessary.
We'll state upfront that the following advice applies to established and well-developed altcoins, such as Litecoin. "Young" coins can behave unpredictably, suddenly shooting upward or plummeting downward, regardless of what bitcoin is doing at the moment.
So, here's why you should track BTC when investing in altcoins:
● Virtually all altcoins are closely related to bitcoin. When bitcoin begins to grow rapidly, altcoins' exchange rate against bitcoin may fall, and against the dollar - it may grow more slowly. This happens most often because many investors pull their funds out of altcoins and move them into the rising BTC to make money. And because everyone is selling altcoins, their price goes down.
● Of course, when bitcoin falls rapidly, altcoins still fall. In this situation, investors pull money out of Bitcoin, but they do not put it into altcoins. Generally, they pull funds from the cryptocurrency market to buy fiat currency.
So when do altcoin prices rise? As a rule, they grow when there is generally good news while bitcoin is weak or rising/falling slightly, i.e. is not moving abruptly.
We conclude that it is best to buy altcoins as their prices are falling in response to a sharp rise/fall in bitcoin, and then wait for the market to stabilize.
March 23, 2018, 04:11:16 PM
Types of cryptocurrency wallets
In a part article, we described ways of storing cryptocurrencies: hot and cold. Today we'll review the wallets used to store cryptocurrencies.
They come in the following types:
- "Thick" wallets for a PC. To use this type of wallet, you have to download the entire blockchain for the relevant cryptocurrency to your computer and install a full node. That means your computer will store information about every transaction performed in the network. This type of wallet features high security and is suitable for hot and cold storage. One popular "thick" wallet is the original Bitcoin Core client. However, for all its advantages, it has one big shortcoming: it's inconvenient. You need to have a powerful computer and download hundreds of gigabytes of data.
- "Thin" wallets for a PC. This is a simplified wallet that does not require downloading the blockchain. For example, the Electrum wallet. "Thin" wallets are far more convenient than "thick" wallets. They take up very little space on your computer. But their main shortcoming is that they do not guarantee absolute security, because they connect to third-party servers to perform transactions. It is best to use these wallets only for hot storage.
- Wallets for smartphones. This type of wallet is a special app that must be downloaded and installed on your smartphone. Basically, these wallets are like "thin" wallets for your PC, but they are even less secure. You shouldn't use them to store large amounts or for long periods. This type is most suitable for hot storage of small amounts.
- Online wallets. In this case, a website is used to store your cryptocurrency. This means that the keys to your wallet are also stored online. Some wallets also store your passwords and mnemonic phrases. All of this significantly weakens security. There are various online wallets: some are more secure than others. In general, such wallets are convenient, but they cannot guarantee 100% security. Blockchain.info is one of the most reliable online wallets.
- Hardware wallets. These wallets are like a thumb drive. They are a removable data storage device that can be connected to a computer and the Internet. One popular hardware wallet is the Trezor. Data in the wallets is encrypted, which provides a high level of security. You don't have to download the blockchain, you can connect to the Internet only when necessary, and all your data is encrypted. This is the best option for cold storage.
- Paper wallets. This type of wallet is a piece of paper with the private and public keys. The keys are printed and stored offline as QR codes. You can access your wallet by scanning them. These wallets are reliable and suitable for cold storage, but they are inconvenient in that the paper with the codes must be kept safe and entirely secret.
These are the types of cryptocurrency wallets currently available.
In conclusion, we caution you: The Internet is full of dishonest people, so you should only download and use proven wallets from official websites. That same thing applies to hardware wallets: only buy them from official vendors. Otherwise you may lose all of your savings. Be careful. Don't fall victim to swindlers.
In a part article, we described ways of storing cryptocurrencies: hot and cold. Today we'll review the wallets used to store cryptocurrencies.
They come in the following types:
- "Thick" wallets for a PC. To use this type of wallet, you have to download the entire blockchain for the relevant cryptocurrency to your computer and install a full node. That means your computer will store information about every transaction performed in the network. This type of wallet features high security and is suitable for hot and cold storage. One popular "thick" wallet is the original Bitcoin Core client. However, for all its advantages, it has one big shortcoming: it's inconvenient. You need to have a powerful computer and download hundreds of gigabytes of data.
- "Thin" wallets for a PC. This is a simplified wallet that does not require downloading the blockchain. For example, the Electrum wallet. "Thin" wallets are far more convenient than "thick" wallets. They take up very little space on your computer. But their main shortcoming is that they do not guarantee absolute security, because they connect to third-party servers to perform transactions. It is best to use these wallets only for hot storage.
- Wallets for smartphones. This type of wallet is a special app that must be downloaded and installed on your smartphone. Basically, these wallets are like "thin" wallets for your PC, but they are even less secure. You shouldn't use them to store large amounts or for long periods. This type is most suitable for hot storage of small amounts.
- Online wallets. In this case, a website is used to store your cryptocurrency. This means that the keys to your wallet are also stored online. Some wallets also store your passwords and mnemonic phrases. All of this significantly weakens security. There are various online wallets: some are more secure than others. In general, such wallets are convenient, but they cannot guarantee 100% security. Blockchain.info is one of the most reliable online wallets.
- Hardware wallets. These wallets are like a thumb drive. They are a removable data storage device that can be connected to a computer and the Internet. One popular hardware wallet is the Trezor. Data in the wallets is encrypted, which provides a high level of security. You don't have to download the blockchain, you can connect to the Internet only when necessary, and all your data is encrypted. This is the best option for cold storage.
- Paper wallets. This type of wallet is a piece of paper with the private and public keys. The keys are printed and stored offline as QR codes. You can access your wallet by scanning them. These wallets are reliable and suitable for cold storage, but they are inconvenient in that the paper with the codes must be kept safe and entirely secret.
These are the types of cryptocurrency wallets currently available.
In conclusion, we caution you: The Internet is full of dishonest people, so you should only download and use proven wallets from official websites. That same thing applies to hardware wallets: only buy them from official vendors. Otherwise you may lose all of your savings. Be careful. Don't fall victim to swindlers.
March 22, 2018, 04:54:15 PM
What's the best way to buy the leading cryptocurrencies?
Many novices start buying the leading cryptocurrencies (BTC, LTC, etc.) when their prices surge upward. For example, the exchange rate rises rapidly when there is good news or favorable forecasts, i.e. based on what media outlets are saying. This strategy is fraught with huge risks and likely to result in financial losses.
Buying cryptocurrency when the exchange rate peaks is a typical mistake made by rookie traders. Why?
Practice has shown that a sharp rise in the exchange rate is always followed by a decline—an unavoidable correction. As a result, the novice suffers losses. Will the novice every come out ahead? That's the question.
The wrong way
When you purchase cryptocurrency at the top of the market, the price begins to fall and you will always experience losses. You see that you're losing money and begin to panic, which leads you to do something even worse: in your panic, you sell all your cryptocurrency at a lower price in order to preserve at least some of your money. After a while, the market stabilizes and the exchange rate again starts to rise. And you could have made up your losses and could have even come out ahead, but you don't have any cryptocurrency because you sold it at a loss.
The right way
You need to buy the leading cryptocurrencies when the price is falling. That is the right strategy. And don't be afraid of negative rumors that a drop in the exchange rate means a cryptocurrency is experiencing a full collapse. Take bitcoin as an example: how many times have naysayers called it a bubble and predicted its demise? But it continues to grow, albeit with fluctuations that can be significant at times.
That's why you should buy cryptocurrency when the exchange rate is falling for external reasons or when it is correcting after a big surge upward. That's the best time to buy. After all, the market always begins to rise after a correction.
Why is this the rule specifically for leading cryptocurrencies? Because little-known coins can surge at any time, and their exchange rates can experience steep and long growth. Buying them when they begin to grow rapidly can still prove to be very profitable. But remember that buying unknown coins is a big risk, but it does offer the possibility of huge rewards.
Conclusion
A successful trader must know how to buy leading cryptocurrencies when everybody is selling, and to sell when everybody is buying. That is precisely the strategy employed by investors who have used their skills to amass considerable wealth. Follow this rule and come out ahead!
Many novices start buying the leading cryptocurrencies (BTC, LTC, etc.) when their prices surge upward. For example, the exchange rate rises rapidly when there is good news or favorable forecasts, i.e. based on what media outlets are saying. This strategy is fraught with huge risks and likely to result in financial losses.
Buying cryptocurrency when the exchange rate peaks is a typical mistake made by rookie traders. Why?
Practice has shown that a sharp rise in the exchange rate is always followed by a decline—an unavoidable correction. As a result, the novice suffers losses. Will the novice every come out ahead? That's the question.
The wrong way
When you purchase cryptocurrency at the top of the market, the price begins to fall and you will always experience losses. You see that you're losing money and begin to panic, which leads you to do something even worse: in your panic, you sell all your cryptocurrency at a lower price in order to preserve at least some of your money. After a while, the market stabilizes and the exchange rate again starts to rise. And you could have made up your losses and could have even come out ahead, but you don't have any cryptocurrency because you sold it at a loss.
The right way
You need to buy the leading cryptocurrencies when the price is falling. That is the right strategy. And don't be afraid of negative rumors that a drop in the exchange rate means a cryptocurrency is experiencing a full collapse. Take bitcoin as an example: how many times have naysayers called it a bubble and predicted its demise? But it continues to grow, albeit with fluctuations that can be significant at times.
That's why you should buy cryptocurrency when the exchange rate is falling for external reasons or when it is correcting after a big surge upward. That's the best time to buy. After all, the market always begins to rise after a correction.
Why is this the rule specifically for leading cryptocurrencies? Because little-known coins can surge at any time, and their exchange rates can experience steep and long growth. Buying them when they begin to grow rapidly can still prove to be very profitable. But remember that buying unknown coins is a big risk, but it does offer the possibility of huge rewards.
Conclusion
A successful trader must know how to buy leading cryptocurrencies when everybody is selling, and to sell when everybody is buying. That is precisely the strategy employed by investors who have used their skills to amass considerable wealth. Follow this rule and come out ahead!
March 21, 2018, 05:12:24 PM
Ways to store cryptocurrencies
Cryptocurrencies are an excellent way to provide for yourself financially and build an honest financial system. But what's the right way to save them? There are two ways to store cryptocurrency:
● Hot storage. Hot storage means that you put cryptocurrency in special wallets that let you withdraw and use the funds you need at any time. These wallets are continuously connected to the Internet, so you can access them anywhere with Internet coverage. And almost everywhere civilization has reached has Internet coverage. This type of storage is like storing fiat money in an account with a debit card and online banking abilities.
● Cold storage. Cold storage means storing cryptocurrency in wallets that are not connected to the Internet, i.e. offline wallets. The wallet's private key is also stored offline, on a hardware device or paper. Cold storage is generally used for saving cryptocurrency - for large and very large amounts. It can be compared to storing valuables in a safety deposit box.
You choose which storage method to use. But you should know that cold storage is safer: your keys are completely safe, because they are not stored on the Internet. Your coins are not vulnerable to hackers or thieves.
The best option is a combination of hot and cold storage. Use hot storage to store the amount that you want to be constantly available. Use cold storage for large sums, i.e. your savings.
In a subsequent article, we will provide a detailed description of the types of wallets used to store cryptocurrency.
Cryptocurrencies are an excellent way to provide for yourself financially and build an honest financial system. But what's the right way to save them? There are two ways to store cryptocurrency:
● Hot storage. Hot storage means that you put cryptocurrency in special wallets that let you withdraw and use the funds you need at any time. These wallets are continuously connected to the Internet, so you can access them anywhere with Internet coverage. And almost everywhere civilization has reached has Internet coverage. This type of storage is like storing fiat money in an account with a debit card and online banking abilities.
● Cold storage. Cold storage means storing cryptocurrency in wallets that are not connected to the Internet, i.e. offline wallets. The wallet's private key is also stored offline, on a hardware device or paper. Cold storage is generally used for saving cryptocurrency - for large and very large amounts. It can be compared to storing valuables in a safety deposit box.
You choose which storage method to use. But you should know that cold storage is safer: your keys are completely safe, because they are not stored on the Internet. Your coins are not vulnerable to hackers or thieves.
The best option is a combination of hot and cold storage. Use hot storage to store the amount that you want to be constantly available. Use cold storage for large sums, i.e. your savings.
In a subsequent article, we will provide a detailed description of the types of wallets used to store cryptocurrency.
March 20, 2018, 04:41:00 PM
Problem is this is a brand new exchange and nobody should trust exchanges which pop up like mushrooms overnight. There is no credibility and no integrity. No track record and no extensive positive feedback. Anyone can hire coders and software people to create an exchange or trading platform in a matter of days and have it running with impressive words and nice UIs. For starters, you could be scammers hoping to cash in by enticing people to send coins to your hot wallets.
I suggest you escrow a large enough amount of bitcoins for the peace of mind of your customers. Nobody will send coins to your wallets upfront.
Here is a list of forum escrows:
https://bitcointalksearch.org/topic/recommended-bitcointalk-escrow-services-2439910
Escrowing coins helps show you have good intentions. Again, nobody will send coins to your exchange upfront. I urge and advice everyone to avoid using this exchange until solid guarantees are arranged with a reputable escrow on this forum.
I suggest you escrow a large enough amount of bitcoins for the peace of mind of your customers. Nobody will send coins to your wallets upfront.
Here is a list of forum escrows:
https://bitcointalksearch.org/topic/recommended-bitcointalk-escrow-services-2439910
Escrowing coins helps show you have good intentions. Again, nobody will send coins to your exchange upfront. I urge and advice everyone to avoid using this exchange until solid guarantees are arranged with a reputable escrow on this forum.
Exactly, why would we trust a brand new site with our money/bitcoins if we don't have any guarantees. I will not use these new exchanges even if there would be no fees, as there are already some established exchanges online such as coinbase and kraken, which have build up their trust since a couple of years.
Bitcoin was also created anonymously and became the starting point. What would have happened if the Bitcoin creator’s identity had been known? The authorities would have arrested this person a long time ago since cryptocurrencies bring no profit to governments and banks. This was why Bitcoin’s predecessors had never been successful.
At the moment, the issue of regulating cryptocurrencies and cryptocurrency exchange platforms is somewhat ambiguous. Just look at how Google pressured by the FBI has been banning cryptocurrency advertisements. If, on the other hand, Google were anonymous, they wouldn’t be able to put pressure upon it. No one can know what, how and when the authorities can demand from cryptocurrencies and cryptocurrency platforms. They might as well require to “leak” personal details of users and prosecute all those who are not willing to jig to their tune. To prevent this, we advocate for complete anonymity and choose to be an independent platform striving to create an honest financial system based on the main idea of cryptocurrencies.
March 20, 2018, 04:29:41 PM
Ways that blockchain technology is used
For many people, the word "blockchain" still sounds exotic. Some consider it nothing more than a fleeting fad that will not find application in the real world. However, this is a misconception. Blockchain technology is increasingly making its way into various spheres of life.
Microsoft
Quite recently, Microsoft reported that its blockchain platform is used at 400 companies around the world. Most of these companies are involved in international trade. In this industry, speed and confidentiality of financial information worth trillions of dollars are critical. Such companies also value extremely accurate recordkeeping regarding goods constantly being moved around the world. Blockchain is also ideal for these purposes.
Mitsui
Mitsui OSK Lines is the Japanese transcontinental shipping giant. This company conducted an experiment involving using blockchain to improve security and reduce the time of cross-border trade operations, and to search for discrepancies in documents and administrative expenses. The experiment was recently declared to be a success, and blockchain services are being added to all of this logistics company's operations. Blockchain will be used to record the conclusion and confirmation of trade agreements, documentation of processes, and calculation of optimal routes.
In fact, there are hundreds of such examples. While skeptics doubt blockchain, large companies have not only placed great value on it, but also rapidly deployed it in their processes. Blockchain technology is the future. Progress cannot be stopped!
For many people, the word "blockchain" still sounds exotic. Some consider it nothing more than a fleeting fad that will not find application in the real world. However, this is a misconception. Blockchain technology is increasingly making its way into various spheres of life.
Microsoft
Quite recently, Microsoft reported that its blockchain platform is used at 400 companies around the world. Most of these companies are involved in international trade. In this industry, speed and confidentiality of financial information worth trillions of dollars are critical. Such companies also value extremely accurate recordkeeping regarding goods constantly being moved around the world. Blockchain is also ideal for these purposes.
Mitsui
Mitsui OSK Lines is the Japanese transcontinental shipping giant. This company conducted an experiment involving using blockchain to improve security and reduce the time of cross-border trade operations, and to search for discrepancies in documents and administrative expenses. The experiment was recently declared to be a success, and blockchain services are being added to all of this logistics company's operations. Blockchain will be used to record the conclusion and confirmation of trade agreements, documentation of processes, and calculation of optimal routes.
In fact, there are hundreds of such examples. While skeptics doubt blockchain, large companies have not only placed great value on it, but also rapidly deployed it in their processes. Blockchain technology is the future. Progress cannot be stopped!
March 19, 2018, 04:14:39 PM
Google Authenticator is the most reliable two-factor authentication method
The SIGEN cryptoexchange offers users 3 forms of two-factor authentication: email, Google Authenticator, and a table of printed paper codes.
Google Authenticator (GA) may be called the most reliable of these methods.
Why is Google Authenticator best?
If you lose access to the device with GA and cannot get into your account, know that each account on the platform also has a Security Code that you can use to change the 2FA method, if necessary.
The SIGEN cryptoexchange offers users 3 forms of two-factor authentication: email, Google Authenticator, and a table of printed paper codes.
Google Authenticator (GA) may be called the most reliable of these methods.
Why is Google Authenticator best?
- With email confirmation, users are still vulnerable. For example, if an email account is not protected by a strong password, hackers may access it and thereby be able to break into your SIGEN account. Additionally, many people use the same password on multiple websites. GA confirmation eliminates this problem. Google Authenticator generates a new code every 30 seconds. Moreover, you have the device with the GA program on your person. Hackers don't have enough time to read, calculate, and enter the required code.
- - Confirmation using a table of printed paper codes may have risks. For example, you might lose the printed sheet of codes, or a malicious party might discover the codes and exploit them. Once again, GA confirmation eliminates this problem. Of course, a would-be attacker near you could secretly observe the genearted code, but, as we already mentioned above, he or she would not have enough time. Suppose an attacker knows your username and password and has secretly seen your code. He is unlikely to have enough time to get to his device and enter all the required information, because the code he lifted will become invalid after 30 seconds. And he would have to remember the code correctly. Furthermore, it is not so convenient for users to hunt to find the required code on a sheet of paper and constantly safeguard it.
If you lose access to the device with GA and cannot get into your account, know that each account on the platform also has a Security Code that you can use to change the 2FA method, if necessary.
March 18, 2018, 05:59:45 AM
How much should I invest in cryptocurrencies?
What one feature of cryptocurrencies must an investor take into consideration when deciding on an investment strategy. This is volatility.
Pros and cons of volatility
Volatility, i.e. fluctuation in value, is both a pro and a con of cryptocurrencies. The downside is that the price can collapse, precipitously and very rapidly. In an instant, investments can bring losses instead of profits. The upside is that the price can also skyrocket. Insignificant investments can multiply not hundreds, but thousands of times.
However, over the long term, the price of cryptocurrencies is unequivocally rising, and this is certainly a plus. At least the leading cryptocurrencies, such as Bitcoin and Litecoin, have been showing steady growth for several years now.
Basic investment strategies
Thus, there are two basic strategies for investing in cryptocurrencies:
- Make long-term investments of no more than 20% of your monthly income, according to experienced investors. It is best to do this at regular intervals, such as once a month. Another option is to invest a large lump sum (available money) somewhere for at least a year. And don't forget your wallet password!
- Make short-term investments in the hope of rapid price growth and with a high risk of losses. In this case, investing is more like gambling, so you should never invest an amount which, if lost, would worsen your quality of life. It should be an amount that you can afford to lose painlessly. You can also invest saved money that you normally would have squandered on all sorts of trifles, alcohol, games, etc.
You decide which strategy to use, but be sure to carefully weigh the pros and cons. We wish you success in your trading and investments!
What one feature of cryptocurrencies must an investor take into consideration when deciding on an investment strategy. This is volatility.
Pros and cons of volatility
Volatility, i.e. fluctuation in value, is both a pro and a con of cryptocurrencies. The downside is that the price can collapse, precipitously and very rapidly. In an instant, investments can bring losses instead of profits. The upside is that the price can also skyrocket. Insignificant investments can multiply not hundreds, but thousands of times.
However, over the long term, the price of cryptocurrencies is unequivocally rising, and this is certainly a plus. At least the leading cryptocurrencies, such as Bitcoin and Litecoin, have been showing steady growth for several years now.
Basic investment strategies
Thus, there are two basic strategies for investing in cryptocurrencies:
- Make long-term investments of no more than 20% of your monthly income, according to experienced investors. It is best to do this at regular intervals, such as once a month. Another option is to invest a large lump sum (available money) somewhere for at least a year. And don't forget your wallet password!
- Make short-term investments in the hope of rapid price growth and with a high risk of losses. In this case, investing is more like gambling, so you should never invest an amount which, if lost, would worsen your quality of life. It should be an amount that you can afford to lose painlessly. You can also invest saved money that you normally would have squandered on all sorts of trifles, alcohol, games, etc.
You decide which strategy to use, but be sure to carefully weigh the pros and cons. We wish you success in your trading and investments!
March 16, 2018, 02:38:26 PM
Problem is this is a brand new exchange and nobody should trust exchanges which pop up like mushrooms overnight. There is no credibility and no integrity. No track record and no extensive positive feedback. Anyone can hire coders and software people to create an exchange or trading platform in a matter of days and have it running with impressive words and nice UIs. For starters, you could be scammers hoping to cash in by enticing people to send coins to your hot wallets.
I suggest you escrow a large enough amount of bitcoins for the peace of mind of your customers. Nobody will send coins to your wallets upfront.
Here is a list of forum escrows:
https://bitcointalksearch.org/topic/recommended-bitcointalk-escrow-services-2439910
Escrowing coins helps show you have good intentions. Again, nobody will send coins to your exchange upfront. I urge and advice everyone to avoid using this exchange until solid guarantees are arranged with a reputable escrow on this forum.
I suggest you escrow a large enough amount of bitcoins for the peace of mind of your customers. Nobody will send coins to your wallets upfront.
Here is a list of forum escrows:
https://bitcointalksearch.org/topic/recommended-bitcointalk-escrow-services-2439910
Escrowing coins helps show you have good intentions. Again, nobody will send coins to your exchange upfront. I urge and advice everyone to avoid using this exchange until solid guarantees are arranged with a reputable escrow on this forum.
Exactly, why would we trust a brand new site with our money/bitcoins if we don't have any guarantees. I will not use these new exchanges even if there would be no fees, as there are already some established exchanges online such as coinbase and kraken, which have build up their trust since a couple of years.
March 16, 2018, 01:47:10 PM
ok let's start with the technical part of your exchange:
first point: desginer of your exchange
face, look at the designer of your exchange is all messed up, which does not show a high level of professionalism, you need to improve a lot at this point, the letters are all over the site, which in my opniao bothers a lot.
second point and most important: who are you and where are they located and you have physical office?
all I found on your site was this:
You do not show your face what it means that you are afraid, you do not intend to take this business seriously, and you have the courage to talk about banks? the banks have documents (licenses) the banks are regulated and inspected, and you can know who are the owners of the banks. if you think you can compete with the banks, then prove us... show your face, show documents and physical office
first point: desginer of your exchange
face, look at the designer of your exchange is all messed up, which does not show a high level of professionalism, you need to improve a lot at this point, the letters are all over the site, which in my opniao bothers a lot.
second point and most important: who are you and where are they located and you have physical office?
all I found on your site was this:
Quote from: https://sigen.pro/page/about_us/the_team
We are an active team of ambitious young people from all over the globe.
We're all different. But we share a common goal—to help people gain financial independence and eliminate controls imposed by governments, tax authorities, and banks on monetary transactions and currencies.
Our main mission is justice!
We're absolutely convinced that people shouldn’t have to pay huge fees to banks or taxes to the government for their personal monetary transactions.
This is why we allow funds to be traded anonymously and safely, with maximum speed and minimum fees.
We're all different. But we share a common goal—to help people gain financial independence and eliminate controls imposed by governments, tax authorities, and banks on monetary transactions and currencies.
Our main mission is justice!
We're absolutely convinced that people shouldn’t have to pay huge fees to banks or taxes to the government for their personal monetary transactions.
This is why we allow funds to be traded anonymously and safely, with maximum speed and minimum fees.
You do not show your face what it means that you are afraid, you do not intend to take this business seriously, and you have the courage to talk about banks? the banks have documents (licenses) the banks are regulated and inspected, and you can know who are the owners of the banks. if you think you can compete with the banks, then prove us... show your face, show documents and physical office
March 16, 2018, 12:12:11 PM
Two-factor authentication helps keep your account secure!
Many users disregard good security practices and use exchanges without two-factor authentication (2FA). Or they simply don't enable it. And then they wonder where their money went.
Two-factor authentication is necessary to protect user accounts from hackers. With 2FA, scammers can't get at the funds in your account, even if they know your password.
Read more about what two-factor authentication (2FA) is and how it works.
- 2FA is a way to sign in to your account that requires you to provide additional confirmation. In other words, in addition to entering your password, you must again confirm your ownership of the account.
- This confirmation can happen in various ways: by entering a secret phrase; by entering a code sent via email or phone; by entering a token generated by a special application, e.g. Google Authenticator, and so on.
At SIGEN, we care about our users, so 2FA is enabled by default.
In other words, you cannot sign in to your account without two-factor authentication. You may choose one of 3 ways to provide additional confirmation:
- a code sent via email;
- a token generated by the Google Authenticator app;
- printed paper codes.
Select any of these methods in your account settings and use it when signing in to the exchange.
Many users disregard good security practices and use exchanges without two-factor authentication (2FA). Or they simply don't enable it. And then they wonder where their money went.
Two-factor authentication is necessary to protect user accounts from hackers. With 2FA, scammers can't get at the funds in your account, even if they know your password.
Read more about what two-factor authentication (2FA) is and how it works.
- 2FA is a way to sign in to your account that requires you to provide additional confirmation. In other words, in addition to entering your password, you must again confirm your ownership of the account.
- This confirmation can happen in various ways: by entering a secret phrase; by entering a code sent via email or phone; by entering a token generated by a special application, e.g. Google Authenticator, and so on.
At SIGEN, we care about our users, so 2FA is enabled by default.
In other words, you cannot sign in to your account without two-factor authentication. You may choose one of 3 ways to provide additional confirmation:
- a code sent via email;
- a token generated by the Google Authenticator app;
- printed paper codes.
Select any of these methods in your account settings and use it when signing in to the exchange.
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