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Showing posts from November, 2019

How does cryptocurrency wallet work ?

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In real world people use leather wallets to store their assets and credit cards likewise in crypto world the people use cryptocurrency wallet to store their digital assets. Crypto Wallet - So What is it ? Cryptocurrency wallet is a program code that is used to store,send and receive crypto assets. It is termed as a secured place to store your cryptocurrencies. There are many kinds of crypto wallets such as mobile wallet, desktop wallet, hardware wallet and more. How do they work ? Cryptocurrency Wallet works as if like a safety box that we use to store more valuable or important assets/objects. When someone send cryptocoins or tokens to someone, they are signing off the ownership of the crypto assets to receiving party’s wallet address.  In order to use or spend those coins , receiver must have the private key that matches the public address in which the crypto coins is assigned to. When you hold digital assets in crypto wallet, there is no excuse for you to take c...

What is Trezor?

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Trezor - What is It ? Trezor Is the first introduced Cryptocurrency Hardware Wallet, that was introduced in 2014, by a cryptocurrency company, satoshilabs. Trezor can be called as the first cold wallet which has been invented to safely store bitcoins and other cryptocurrencies offline, that is outside of the internet connectivity. This wallet is like a USB device that can be connected with any kind of handheld and computer device like, mobile phone, tablet, desktop, wearables and more. The high-end security features of the trezor have attracted many cryptocurrency exchanges, traders, average bitcoiners towards it and have become the most trusted cryptocurrency hardware wallet. The arrival of Trezor has lifted the cryptocurrency protection to the next level. How does Trezor works ? Trezor is a single purpose cryptocurrency wallet, that is to store cryptocurrencies, approve transactions, and can help you to manage any kind of your digital identity. Trezor gives you a 100% gu...

Steps to launch your own crypto exchange platform

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Cryptocurrency Exchange business will never fade away from this digital business world .as it statisifies all the users involving in an exchange business with a high revenue . Thus the traders counts increases day by day in the crypto exchange world . Ways to launch cryptocurrency exchange: 1. Bitdeal understands the needs of cryptocurrency exchange business start-ups, they can’t just launch their exchange business in a day with a ready-made script. Because script can’t do anything for unique start-up ideas. Bitdeal have a team of business consultants to proceed your startup idea. 2. No one can cross users finger in the website that people actually what they want to do. Instead, bitdeal set your business website elements for success by following 4-step launch & user conversion formula. 3. Use a different strategy to establish exchange/trading platform. Bitdeal drives viral awareness with 24/7 customer support and chat bot application. 4. Encourage happy customer...

How to set a cryptocurrency exchange platform ?

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A cryptocurrency exchange platform is a digital marketplace where traders can buy and sell cryptocurrencies using different fiat currencies. A cryptocurency/bitcoin currency exchange is an online platform that acts as a medium between buyers and sellers of the cryptocurrency. Setup Process : Plan where to Start: Decide where you want to run your cryptocurrency trading business,Are you going to run internationally or fix yourself to a specified area.Laws and regulations change from place to place.So,consult with legal expert regarding the licensing and compliance with local laws and regulations. Learn the laws: Review and learn all the regulations and compliance in the area where you are starting your exchange business.Almost all governments require entities which are involved in the currency exchange business  to the Know Your Customer (KYC) norms. KYC is the process by which a business verifies the identity of its customers through government issued ID cards or passp...

Blockchain Development Company in South Korea

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Blockchain In Korea As a cutting-edge-technology, blockchain has gained massive adaptation in 2018  and  South Korea is making huge investments towards blockchain technology, following the nation’s tradition as a tech pioneer that fastly adopts the latest technologies. Since there are some exchanges and ICOs banned in Korea, It doesn't stop its investors in adopting Blockchain Technology. And this blockchain technology has gained mass adoption in industries such as finance,  trade,  logistics, and health care.  Blockchain Regulation in Korea In South Korea, there is no existing regulatory regime that mentions cryptocurrency as regulated assets. However, the Korean Regulators apply the existing Korean laws and regulations for cryptocurrencies. Busan a well-known Metropolis of South Korea has been declared as a “regulation-free” zone for blockchain development by the Korean Government.  On July 24, The Ministry of SMEs announced that Busan, ...