Blockchain

Becoming rich as a student through Cryptocurrency

Since its inception in 2009, the cryptocurrency market has created a lot of millionaires. Introducing the world to new set of technology that poses a threat to the traditional way in which we handle financial contracts. But digital currency in itself is not different from the traditional investment schemes like stocks and bonds. In fact, it has been proven to be a more unstable and volatile when compared its alternatives. Hence, the general opinion that it is a get rich quick scheme is not true. However, this does not in any way change the opportunities that exist for investors. Just like every other commodity, everybody with the right money can invest in it; including students.
So, how do you leverage these opportunities as a student to become rich?

  1. Buy/Trade a Cryptocurrency

 
As a student, your first option to getting rich trough cryptocurrency is by buying or trading in cryptocurrency. You have to own it before first. I know that students are laced with academic expenses and all that, but nobody got rich in investing without making sacrifice. You can start by investing your pocket money, or the little change you get when you do part-time work. There are a whole lot of exchange platform in which you can buy cryptocurrencies even in their smallest fractions. One of them is Coinbase, an exchange platform with a top notch user interface. It is unarguable the best exchange for starters in crypto buying and trading.
Now, when you buy cryptocurrency, you have to hold it till it appreciates. Or sell it when it is depreciating. But we all hope for appreciation, so you have to start by investing in cryptocurrencies with high prospects. However, you need to be careful as cryptocurrency is a volatile commodity. Heed to the number one advice in investment; do not invest more than you can afford. As a student, chances are you might not be able to invest much in cryptocurrencies in the top market index. You can start like the current Bitcoin and Ethereum millionaires started; by investing in initial coin offerings (ICOs).
Crypto projects raises capital for their tokens through the use of ICOs. They sell these tokens at a very low price, most of which are at no cost. After this, it begins to appreciate or depreciate. If you pick the right project ICO, changes are you can make over 1000% profit of your investment in a matter of months.

  1. Accept Payment in Cryptocurrency

 
Do you have things to sell? Are you currently working for someone? Are you being pad to tutor other students? Accepting cryptocurrencies for payment is a sure way to be holders. However, you have to take note of the currency that you are accepting. It is advisable that if you must accept payment, it should be with the cryptocurrency projects that are on the top five of the market capitalization list. Imagine a student that was accepting payment in fractions of Bitcoin over his stay in school for whatever part-time job that he was doing in 2014. Chances that he would own about 20 Bitcoins by the end of his stay in school are high. And then when you consider the bullish rise in Bitcoin during the years that follows, you will know that 20Bitcoins is a whole lot.
With a little research, you can find buyers and employers that are willing to pay and make transactions with cryptocurrencies. Your job however is to determine what the service you are offering will cost and its equivalent in the cryptocurrency that is being used for the transaction. You can also sign up for competitions that rewards with cryptocurrencies.

  1. Blogging

 
There are millions of people out there looking for the right information that regards cryptocurrency. Ethereum founder, Butterin was a blogger before he started his company. I am not suggesting that you become a blogger to build your own company; rather I am saying that blogging can make you rich with the right content. Owning a website and blogging requires little or no investment apart from your time and dedication.

  1. Start a Crypto Project

 
Yes! Ethereum is among many other cryptocurrencies that had their beginning stages rooted in when the eventual founders were students.  With the recent boom in ICOs and dApp platforms, launching your own cryptocurrency on an established blockchain like Ethereum has become easy. Now we have crypto coins in the healthcare sector, in agricultural sector, the educational sector and even the governmental bodies are not left out in it. Although we have to agree that being rich should not be your first concern when starting a cryptocurrency project. You could also start an exchange company you know?
There we have it, my super list of how to get rich through cryptocurrency. As established earlier, cryptocurrency is not a get rich scheme. Do not invest what you can’t afford to lose.

Why You Should Invest In Japanese Cryptocurrencies

The bullish rise in value of the cryptocurrency economy in 2017 was recorded to have been majorly influenced by countries from Asia. China for example was the biggest player in the Bitcoin market as it controlled 80% of the global trade volume of the creation of Satoshi Nakamato, but that was before the Chinese government started cracking down on digital currencies as a whole. If you can recall, you will be familiar with the famous ban on ICOs by the country which also triggered the closing of the biggest cryptocurrency exchange companies in the country. This led to China forfeiting their number one position, thereby giving other countries within the Asia continent to shine. Countries like Singapore, Indonesia and South Korea have cryptocurrency economy that is worth watching out for currently, but Japan among these countries has emerged as the next force.

World Power Status

Japan is an emerging world super power. Its national currency (Japanese Yen) in the cryptocurrency market is currently the second most traded currency, trailing just after the US dollar which is number one. As at January 2019, the Japanese Yen accounted for 57% of Bitcoin, and US dollars accounted for 28.4%. It is thus clear that although the US dollar is the overall leader in cryptocurrencies, Japan has overtaken China as the global leader in Bitcoin market. In April 2017, the government recognized Bitcoin as a form of payment. It then gave approval to about ten cryptocurrency exchanges companies to operate. The country even has a themed girl group called ‘The Virtual Currency Girls’. The Virtual Currency Girls is an eight member group whose members are representatives of eight different cryptocurrencies. All these developments are not as a result of chances; rather they are as a result of the approach in which the Japanese government has adopted in their dealings with cryptocurrencies. It is the first and only country which an institutionalized legal system that is regulating the trading of cryptocurrency, hence it provides the safety needed for investors who have nurtured concerns on trustworthiness of exchange companies.
 

Embrace of Cryptocurrency by Government

In macroeconomic terms, the embrace of cryptocurrency makes sense. Japan has taken time to recover from its so-called ‘Lost Decade’ of economic stagnation. Its relatively low growth and high savings rate make cryptocurrency an attractive option. While a trailblazer in tech development, Japan and its authorities are notoriously conservative when it comes to financial innovation. The government’s forward-looking attitude to virtual currencies may in fact be a reaction to that. The use of blockchain has given Japan an opportunity to shake things up a little and push local banks into more aggressive development. At the same time, the state’s proactive approach to regulation is also a way to keep crypto trading under centralized control.
Since the legalization, Japan has enjoyed what seems to be an endless cryptocurrency boom, with massive yields in retail investor interest and over-the-counter (OTC) services. Trading is not just their strong points as their trading companies are some of the best in the world; the country has also been a destination for testing of blockchain innovations. It is a general saying that most crypto currency start-up companies have higher chances of surviving through their first year if they have their market in the Japanese cryptocurrency market. They’re not just making strides when it comes to trading. Japan is also becoming an important testing ground for blockchain innovation. For example, the Japanese government in a bid to demonstrate their support for blockchain and cryptocurrency gave a go ahead for the partnership of Hitachi and Tech Bureau to build a blockchain system that runs on NEM-based Mijin Blockchain platform.
Currently, the issuance of ICOs is currently banned in Japan. And due to the regulation of the exchange companies in the country, the numbers of crypto coins that are traded in the market are limited. However, some of the top cryptocurrency companies in Japan include Coincheck, Bitflyer, Ginco, BitPoint, Tech Bureau and a host of others. Experts say that the best is yet to come for cryptocurrency in Japan as there are a lot of cryptocurrency projects that are being generated. With such backing from the government and a willing customer base reach, one cannot deny the fact that investing in Japanese cryptocurrency market is a gold mine.

CRYPTOCURRENCY TAXATION

The truth remains that most people barely know anything about either of these topics. Moreover, the two subjects represent two vast opposites terms from a cultural perspective. And in the eyes of many persons, tax law represents excessive regulations laid down by the central government agency, which are imposed on its subjects. This is in itself is a contrast to cryptocurrencies and the associated blockchain technologies which stand for a decentralized, unregulated and free society not under the control of a central power apparatus. More exacerbating is the reality that the complexity of these two spheres increases.

Where is it taxed?

The taxation of cryptocurrency varies from place to place. For example, in the United States, cryptocurrency is treated like real estate instead of being treated as a currency – it is treated as a property. It is also treated as a commodity like gold in some cases, and therefore it is subject to both the short-term and long-term capital gains tax. In most cases, it is regardless of whether it is used for the purchase of goods/services or for trading/investment.
On the other hand, countries in Europe follow a decentralized approach to the regulation of cryptocurrency. The United Kingdom treats Bitcoin like a foreign Currency. In Germany, if Bitcoin investments are held for less than one-year, German income taxes will apply. In Germany, income taxes are progressive and can be up to 45%. Even in Switzerland, cryptocurrency taxes are levied. This implies that Swiss residents will have to pay income tax, profit tax, and wealth tax on their cryptocurrency holdings.
However though, in just about all European countries as well as in Liechtenstein and Switzerland, the sales of cryptocurrencies are exempt from the Value Added Taxes.
 
A special feature in Liechtenstein is the integration of tax on wealth into income tax, as well as the principle that a source of income is either subjected to wealth tax, or to income tax. This helps to prevent double taxation. This means that every natural person with unlimited tax liability will have to declare holdings of cryptocurrencies at the beginning of every fiscal year and convert the values to their Swiss franc equivalent. More so, speculative gains from trading in cryptocurrencies are tax-free and do not necessarily have to be declared. This is not only very attractive in terms of the tax burden, but provides significant administrative relief as well.

Guidelines

As seen from the official IRS guidance, 2014; we understand that:

  • Trading cryptocurrency to cryptocurrency is a taxable event
  • Trading cryptocurrency to fiat currency like the dollar is a taxable event
  • Using cryptocurrency for goods and services purchase is a taxable event
  • Gifting cryptocurrency is not a taxable event the recipient will inherit the cost basis. The gift tax still applies if you exceed the gift tax exemption amount.
  • A cryptocurrency wallet-to-wallet transfer is not a taxable event as you can transfer between wallets or exchanges without realizing capital gains and looses, so make sure to check your records against the records of your exchanges as they may count transfers as taxable events as a safe harbor),
  • Also buying cryptocurrency with USD is not a taxable event. As you don’t realize gains until you trade, well or make use of your crypto. If you hodl longer than a year you can realize long-term capital gains they are about half the rate of short-term capital gains if you hold less than a year you realize short-term capital gains and losses.

It is therefore established that anything other than buying, holding, or transferring a cryptocurrency is a taxable event and this means you realize capital gains and losses at fair market value at the time of the event when you trade, sell, or use crypto.

How to pay

You’ll need to be prepared to pay capital gains taxes thus you will need fiat currency at tax time.
For the average Bitcoin user;

  • If you trade cryptocurrency for a good or service, it is important that you keep record of the transactions and report a fair-market value of the currency at the time of the transaction.
  • For times cryptocurrency is traded as a capital asset, either for another cryptocurrency or fiat currency (like the US dollar), you would need to keep a record and report all those transactions by using the fair-market values of cryptocurrencies in situations where one cryptocurrency is traded for another. Also, at the end of the year, you would need to report all cryptocurrency transactions and all the related gains and losses. You would then pay taxes accordingly (based on your total gains).

HOW TO OPEN A NEW ACCOUNT ON HUOBI

Huobi is one of the top cryptocurrency trading platforms with the goal of giving investors a professional, trust worthy and secured platform. Since its inception in 2013, it has been through challenges that threatened to end its prospects. The most noteable among this was the famous Chinese government clampdown on cryptocurrencies. If you are familiar with the exchange, you will know that they have at least three different websites on which they operate, the founders claim that this was their way of surviving the challenges they faced.
From the information on the website, Huobi has offices in Singapore, Hong Kong and Japan. And it has some number of departments that operates in China. Nobody knows the exact team that is running Huobi. Though the public knows that the founder and the CEO of the company is Leo Li, there is little or no information as to the evolution of the company. But this has not in any way hindered the growth of the exchange as it currently operates in a lot of countries.
Huobi provides a trading platform with a wide range of token that is currently totaled at 190. Some of the top cryptos that are being traded are Bitcoin, Ethereum, Litecoin, and Dash. It is a cryp-to-crypto exchange for now, but there are plans set in place to introduce the use of fiat currencies like the Chinese Yen and United States Dollar to the trading.
Creating a New Account
Creating a new account on Huobi is easy. You can carry out some transactions just by registration. This is unlike many other top cryptocurrency exchange platforms that require their users to go through rigorous verification processes; which of course is for a good cause.

Step 1 – Visit www.hbg.com

 
Creating a Huobi trading account is easy. The homepage is shown above, at the top right hand side of the page is the ‘Sign Up button. That is where the journey begins. But make sure that the browser that you are using is up to date.
 

Step 2 – Sign Up

 

On the sign up tab as shown above, there are two types of registration of which you are allowed to choose just one. You can either sign up with a valid phone number or with your email address. For this post, we are going to make use of the email address because it is safe. There is the ‘Nationality’ field of which will show the country that you are in. If it doesn’t, make sure you select it among the options provided. Other fields include your email and password. Leave the ‘Invitation code’ field empty if you do not have it. Huobi rewards referral from old members, the member is required to give you a particular code assigned to him only, that is why the ‘Invitation code’ field is there.
Make sure you read the ‘Terms of Use’ for this exchange platform before finally clicking on the ‘Sign Up’ button that is at the bottom of the page.
 

Step 3 – Email Verification


Once you fill the necessary information and you click on the sign up button, a tab will pop up asking you to enter your one-time authentication code. The code will be sent to your email and it is in the format of what is shown below;
Copy the code and paste it on the appropriate field on the Huobi site.
 

Step 4 – Depositing Funds


As established earlier, carrying out transactions on Huobi does not necessarily require much verification. When you log in after finishing up the registration process, you will be asked if you would like to fund your account, with options ranging from the use of fiat or digital currencies. The screenshot of this tab is shown below;
As you can see, you can make deposits using bank transfers or using standard blockchain wallet. However, the goal of this article is to get you to verify your identity. So we will have to go with the ‘Buy Now’ option. Click on the box on the ‘How to start with no digital asset?’ option and the tab below will open. Click on the ‘OTC’ (Over the Counter) option.
 
Using OTC, you you can find a prospective seller that is offering Btcoin or Ethereum for currencies like US dollars and Chinese Yen. Buying these coins is easy, all you have to do is transfer funds with the appropriate payment method. Many of the buyers do not require verification procedures, but for security purposes, I advise that you stick to buyers that require verification procedures. There are many other steps to take to complete your first trading on Huobi, they are however outside the scope of this article.

HOW TO CREATE A NEW ACCOUNT ON BITSTAMP

Bitstamp is a cryptocurrency exchange website. It is one of the oldest and most trusted cryptocurrency exchanges in operation today. Since its inception in 2011, it has continued to build its base upon its large European users. But it has not failed to take steps in becoming one of the best choices for cryptocurrency traders around the world. Its office are scattered round different locations and it provides trading solutions to different clients spread across the world. Bistamp was founded by Damijan Merlak and Nejc Kodrič in 2011, and they have not failed to in time memorial to reiterate their aims which is to provide a service that will cater to a European client base, offering an alternative to a market that was had Mr. Got dominating it as at the time of its inception. It started in Slovenia, then they branched out in 2013 by setting up an office in UK. Then in 2016, they opened another branched office in Luxembourg. From 2016 till now, they have opened offices I London and New York.On its trading pairs, Bitstamp is currently focused on providing access to the most popular cryptos. Its trading market features Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC) and Ripple (XRP).

Creating a New Account

Creating a new account on BitStamp is quite straight forward. It requires fewer verification processes hen compared to other exchanges.

Step 1 – visit www.bitstamp.net


 
The homepage is as shown above. Bitstamp is ready for business, hence your first point of contact on the page will be the ‘Get Started’ button, click on it to kick-start your registration process.

Step 2 – Creating your account


As seen above, the title of the tab is titled ‘Open Your Free Account’. The fields on this tab require that you fill in your original names, your email address and your country of residence. It is advisable that you use an email address that has not suffered previous malware attacks. Also, do take few minutes of your time to peruse through the Terms of Use and the privavcy policy of the exchange website. This will prevent you from making mistakes and it will also keep you informed. After the filling the necessary requirements, click on register.

Step 3 – Email Confirmation


When you eventually click on the ‘REGISTER’ button, the tabe shown above will pop up, notifying you that an email containing your customer ID and password. The format of the email is as shown below;

After retrieving the ID and password from your email, go back to the homepage of Bitstamp but this time click on the log in button. The member log in tab is show below. The password that will be sent to you will be kind of complicated, so to ease your registration, just copy and paste it on the password tab. As you can see in the mail, emphasis is laid on the need to change your password after you have successfully logged in.

Step 4 – Change You Password


You do not need to hover around pages to change your password as you are immediately prompted to change your password once you log in. Under ‘Current Password’, type in the password that was sent to your email, and if you had copied it before, just paste it. The field that follows after that is the one for your new password and for retyping that same password. Note that your password must contain a minimum of one lower case and one upper case character alphabetical characters. And it must have one numerical character. If your password does not in any way correspond with these conditions, you will receive an error notice prompting you to comply.
After you change your password, another email will be sent to you.

Step 5 – Log in again


When you change your password, you will be redirected to the login page. Stick with the original user ID that was initially sent to your email, but use your new password. Click on the ‘log in’ button and voila; you have registered for Bitstamp. You can thereafter proceed to linking your bank accounts with your new account.

HOW TO OPEN AN ACCOUNT ON BITTREX

 
Bittrex is a crypto-to-crypto trading exchange. It was founded in 2014 by Bill Shihara, Richie Lai, Rami Kawach and Ryan Hentz. Its head office is in Seattle, Washington. About 193 are listed on this exchange platform with over 290 unique trading pairs.
Opening a new account
Opening a Bittrex account requires a lot of patience. Do not be discouraged by the numerous screenshots, it is not that difficult.

Step One – visit www.bittrex.com

 

The home page of Bittrex is as shown above. Take note of the spelling of Bittrex because there is a similar website with the name bitrex. To save time, simply bookmark this page on your web browser. On the home page as you can see is the ‘Explore Markets’ and the ‘Sign Up’ buttons. We are going with the latter, so click on the sign up button.

Step 2 – Sign Up


In the sign up tab, there are fields that requires you to fill in your email address, passwords and the confirmation of the password. It is highly recommended that create a password of 12 or more characters which is made up of alphanumeric characters. Make sure you read the Terms of Service before you check the agreement box that is below the ‘Confirm Password’ field. The click on ‘Sign Up’.

After you have clicked the sign up botton, the next step is to confirm that you are not a robot. Follow the instruction given in the exercise to go to the next level. This exercise might repeat itself for about three times. How about a quick amazing fact? This particular exercise is used to train AI algorithms.

Step 3 – Email Confirmation

You are notified with a tab similar to the one below that a registration email has been sent to the account email. Go to your email to retrieve the message.

 
The subject of the email will be Bittrex Account Verification, it is as shown below. Click on the link in the email or simply copy and paste it to your browser. The ‘EMAIL VERIFICATION SUCCESSFUL’ tab comes up on the link. Click on ‘Login’ to log into your new account.

Step 4 – Log In


On the log in tab, enter the email and the password you registered with earlier to log into your account.

Step 5 – IP Address Confirmation

When you log into your account for the first time, you will be required to verify your IP address. This is a security measure aimed at preventing unauthorized access into your account. This is not a onetime thing too, you will be required to do this verification every single time that you log into your account with a new IP Address. The tab for IP address confirmation will require that you go to your email which will have a message titled ‘Bittrex New IP Address Verification’. It is shown below.


Click on the ‘CLICK HERE TO LOGIN’ link on your email.

Step 6 –

 
The log in tab will come up again. Enter your email and password once again. After which the robot check exercise will come up again. Once again, just follow the instructions on the tab to proceeed.

Step 7 – Verify your personal information

To be able to trade on Bittrex, you will have to verify your personal information. To do this, click settings on your homepage; it is at the upper right corner of the homepage of your newly created account. The tab shown below will load after you have clicked on settings, after which you are to click on the ‘My Profile’ option.

Complete all the fields in this tab. Then click on ;Submit’

Step 8 – Uploading Documents

After submitting the details in the previous tab, the age below will load. Click on ‘Start Verification.
The verification processes will require the use of a good camera, luckily your phone is good enough. The Passport session requires a selfie from you, the Identity Card session is for a government recognized ID card and driver’s license is what it is. Once you have uploaded all these files in jpeg forms, you can then chill and wait for verification. Verification time varies, sometimes it takes minutes and other times it takes days. Should there be error, you will be notified.

HOW T0 OPEN A BITPANDA EXCHANGE ACCOUNT

What is BitPanda?


 
BitPanda started in 2014 as Coinimal GmbH, and since its inception, it has gone through a series of rebranding which eventually made it evolve to what it is today. It has over the yearsgrown into Europe’s leading retail broker for Bitcoin, Ethereum, OITA and more. Plus it boasts of over Nine hundred thousand (900,000) users globally.
Bitpanda according to expert traders and data available is one of the fastest exchange platform there it. It is relatively reliable as it provides a streamlined user experience, and gives users more control over their portfolios. Bitpanda also enables new users to buy and sell cryptocurrencies easily. In terms of security, BitPanda as a company has one of its building blocks in security. And to cap it all, with BitPanda, you can create as many cryptocurrency wallets as you need. These wallets range from the normal Bitcoin wallet to other wallets provided by other altcoin projects. BitPanda is a Fiat to Cryptocurrency trading platform, this means that you can link your bank account tur Bitpanda account. And you can purchase cryptocurrencies using payment options like Mastercard, Sofort, Giropay, eps, etc. The trading fees are relatively cheap with a lifetime offer of free transfer fee for transfer of funds within the BitPanda platform. That is, transfer from one BitPanda account to another is free.
Let us quickly run through a step-by-step guide on how to open a BitPanda account.
 

STEP 1: Go to www.bitpanda.com

On the header of the Homepage as shown above, click on “sign up” which would immediately direct you to the registration page.
Note that If you are making use of a mobile device, quickly download the free mobile app on google play store or apple store depending on your device type a continue with the steps, but if you prefer using your browser go to www.bitpanda.com
 

On your mobile device, click the “Menu button” On the top-right-side of the homepage to show a dropdown menu
 

Click on “sign up” which also would immediately direct you to the registration page.

STEP 2: Registration

On the registration page, write your email address in the space provided, solve the captcha correctly and click on “Register” as shown below
 


STEP 3: Confirm Your Email Address

To continue your registration, an email will be sent to the email address you entered in “step 2”, clink on the link provided by BitPanda as shown below.

 
By clicking the link, you have therefore confirmed your email address, then you will be directed to a page where you will finalize your registration.
 

STEP 4: Finalize Your Registration

In this step, you are required set your password. Here, you are advised to use a secure password with at least ten (10) characters that contains at least one uppercase letter, one lowercase letter and one number.
You are also expected to read the Terms and Condition and accept it. Then click on “Finish Registration”

 

STEP 5: Log into Your Account

By clicking “Finish Registration” you will receive a confirmation indicating a successful registration, you can now login to your account. You are to use the email address and the password you set during registration to log in.
Solve the required captcha correctly and click on “log into account”

Once you log into your account, you will be redirected to your cryptocurrencies wallet (Bitcoin, Ethereum, dash and Litecoin) where you can use your BitPanda wallet sell coin after verification and you can start buying currencies by creating a deposit addresss.

HOW TO CREATE A NEW ACCOUNT ON BIBOX

Bibox is a cryptocurrency exchange that was founded by a group of people from Chinese blockchain giants that were either early Bitcoin enthusiasts; Venture Capitalists, established businessmen, Artificial Intelligence experts, professional security exchange traders and high tech angel investors of the industry.
 

Why Choose Bibox?

Bibox as an exchange platform paired with BTC, USDT, ETH and DAI. It is one of the few full Articial intelligence enhanced digital asset exchange. As stated by the team at the helms of affairs, the goal of Bibox is to provide a quantitative analysis and computation of the trading market of cryptocurrencies. Currently, Bibox is a crypto – crypto exchange platform, but there are currently some plans set in motion to introduce fiat currencies in the exchange.
Although the features of Bibox in comparison with other exchanges aren’t that much different, people still wonder how exactly they use artificial intelligence. Nobody has been able to decrypt how exactly Bibox is incorporating artificial intelligence into its system, and the people at Bibox have refused to let the public know.

Creating a new account on Bibox

Step 1: Go to Bibox’s at www.bibox.com
 

At the top left of the homepage is the ‘Sign up’ blue button. Click on it to proceed with registration.
Note: You will have to bookmark this homepage because there are sites that are familiar with this site. And when you get a link on your email, you have to check the URL of the website and check for the secure certificate; this will save you from scammers.

Step 2: Sign Up Process

Opening a Bibox account is a very simple task and it does not take much time.
 

 
As seen above, all you need to enter is your email address and any password of your choice; it must be a strong password containing 8 – 20 characters. Don’t check the box that signifies that you agree with the privacy policy until you have read them. Read the ‘User Agreement’ also, and if you are in tune with all that is inside, then you can check the box and proceed to click on the ‘Sign up’ button to submit your details. Immediately you submit these details, a confirmation message will be sent to your main with a link for you. Go to your mail box, click or copy and paste the link on your browser. It will take you back to Bibox, requiring you to fill in your username and password. Once you have submitted your details, it will take you to the homepage of your account.
 

Step 3: Verification – 2-Factor Authentication (2FA)

In Bibox, three different types of verification are made available. These are SMS Authentication, Google Authentication and Funds Password. It is therefore recommended that you carry out the three verification processes before you start using your account. This is strictly for security purposes.
 

 
To proceed with the processes, hover your mouse to the top right hand side that has your email on display, this is called the account information tab. The steps for verification are shown in the tab that will pop up. And as you can see below, the first step is downloading the Google Authentication app from respective application stores. The next step is to add the secret key and scan the QR code with the Google Authentication app. Before scanning, ensure that you write your secret key on a piece of paper as an external back-up resource. You will thereafter see a 1-minute 6-digit changing code, this code needs to be inserted any time you log into your account.
 

When you finish the security/verification process, then you have completed the basic setup of your account. Next up is funding your account.

Step 4: Funding Your Account

The interface of Bibox is user friendly with up to date layout. When you click on the Funds in the top left corner of your homepage, you will see all the available crypto coins for trading. These coins are ranked according to how popular they are.
 

When you choose from the coins on the list, you will be redirected to the trading screen. From this you can see the chart of your chosen coin and the book of order. However, before you can see this chart, you will have to give the Google Authentication code that you got from the previous step.

HOW TO CREATE A COINMAMA EXCHANGE ACCOUNT

The numbers of cryptocurrencies exchange platforms are greatly increasing all over the world, and I wouldn’t consider that fascinating, because like they say; cryptocurrency is the future. And as the popularity of the digital currency industry which started with Satoshi’s Bitcoin continue to flourish, a teeming population of its traders needs to buy, sell and exchange the top coins like Bitcoin, Litecoin, Ethereum, and Ripple through the simplest means possible. This is one of the reason cryptocurrency exchange industry is also on the rise. And if there is any exchange that has stood the test of time, rising above other exchanges that have saturated the market, it is COINMAMA.

WHAT IS COINMAMA?


Coinmama as established earlier is an exchange platform. It is based in Europe and it that enables the use of any credit or debit card (Visa and MasterCard) to purchase cryptocurrencies using fiat equivalents (USD and Euro). It should be noted that as much as Coinmama supports the buying of cryptocurrencies, it does not provide a platform for trading in cryptocurrencies. Hence, you cannot sell cryptocurrencies on Coinmama. It also does not have a built-in wallet. So if you wish to purchase from Coinmama, you must have had a cryptocurrency wallet.
Coinmama was found in 2013 in Bratislava, Slovakia, and t is available in 226 countries in total. It was established with the aim of providing users with a faster, safer, and a more efficient way of buying cryptocurrencies. With time, its popularity as one of the easiest exchange platforms that allows Bitcoin and Ethereum purchase via a credit card, as opposed to other platforms that does not allow the use of credit card in purchasing coins grew. And as such, the justification for transaction changes hinged on this popularity. Apart from this distinguishing factor, you can also enjoy a high spending limit that allows you to buy coins that you want without holding back. You also get to enjoy fast-track verification where the documents you upload are reviewed within an hour And finally, you get your coin instantly delivered when you place order and confirm your wallet. Enough of the benefit  Coinmama, lets discuss opening a new account.
Opening an account on Coinmama
Here’s a step-by-step guide on how to create an account with this world leading cryptocurrency brokerage company. On the average, it will approximately 10 – 15 minutes of your time.
 

STEP 1: Sign up



Go to www.coinmama.com you will be greeted with a similar homepage like the above depending on your type of device, be it a mobile phone, tablet or desktop, click on the “sign up” button.

STEP 2: Register

 
By clicking the “sign up” button, you will be directed to the registration page where you are required to submit some basic information, which when duly completed, click on the “create account” button

STEP 3: Confirm Your Account

 
By clicking on the “create account” button, an instruction will immediately appear on your screen, directing you to please check your email to confirm your account.

Therefore, you are expected to open your inbox and click on the link provided by Cionmama as shown below.

The link will direct you a page where you received a confirmation message which indicate the successful confirmation of your email address and an instruction to continue to your coinmama account.

 
STEP 1: Verify your account
 
Following the successful creation of your coinmama account, verification is essential for you to be able to buy Bitcoin and Ethereum, and, for coinmama to know you as a user in order to prevent any related fraudulent activities and financial crime.
To do this, clink on the “Buy bitcoin” that appears in your account.

STEP 2: Submit your personal Information
Users should note that, the more you add, the more you can buy. Therefore, fill in the correct and adequate information required.

STEP 3: Upload other means of Identification
This include passport, national identity card or a driving license and a current photograph of you holding your identity card and a paper with “Coinmama” and today’s date boldly written on it as shown below.

The information submitted will be reviewed by coinmama within 24 hours, and once the verification process is completed, a notification will be forwarded to your email. you can now start buying bitcoins,  and proceed to the level of your verification if you wish.
 

HOW TO OPEN KRAKEN ACCOUNT

Kraken was founded in 2011, making it one of the oldest and most popular cryptocurrency exchanges that are currently in the market. It has since its inception built a reputation that revolves around providing a secured environment for anybody that is interested in trading digital currencies. It is also available in various continents, making it a choice exchange for institutions and traders across these continents. It avails the opportunity for traders on the platform to use different fiat currencies and it is currently the leading exchange in terms of Euro – Bitcoin trading in volumes. You can as well say it is liked by the Europeans. However, it operates and is available to residents of Canada, Japan, US and of course, various European countries. And it deals in fiat currencies like US Dollar, Canadian Dollar, Euro, British Pound and Japanese Yen.
Kraken is based in San Francisco, and it has among its many achievements stands as the first ever verifiable cryptographic proof of reserves audit system. It also has the reputation of security, most experts say it is because of the fact that they have remained resilient even in the face of major hacks. On the norms, Kraken is harder to open when compared to other exchange websites because it is not for beginners. Opening a kraken account is however advantageous in the sense that the cost of trading is relatively low when compared to other exchanges.

Opening a Kraken Account

 

Opening a Kraken account does not take time. However, the verification processes requires time and patience. Below are the step by step guides;

Step 1: Visit www.kraken.com

 

 
You can do this either with a desktop or a mobile device. The homepage of kraken is as shown above. There are many call buttons that a visitor could explore but your concern is on the top right corner with the ‘Sign In’ and ‘Create Account’ call button. Click on the latter and you will be directed to the create account tab.

Step 2 – Sign Up

Most people in their hurry to beat time totally stay away from reading terms of services and privacy settings of exchanges. I advise you take your time to peruse through them before going further with the registration. As shown below, the terms of service link is just above the sign up button. When you are eventually done, fill in your email, your preferred username and a password.
Note: The ‘Advanced options’ account creation is completely optional. It is for people who are already masters of the game, so we will have to stick to the main easy step to registration.

 

Step 3 – Email Verificaton

Clicking on the sign up button will take you to the account activation tab. Check your email and you should have received an email with an activation code. Copy the activation code and paste it on the section that requires it. then fill in your username and password. You have officially registered, but that is not the end.

 

Step 4 – Verifying Identity

 

 
After you have log in on email verification, your profile will look like as it is above. In order to start trading in cryptocurrency on Kraken, you have to verify your account by providing a means of identity and other details. Verification on Kraken comes in four different phases called Tiers. Clicking on the ‘Get Verified’ button will get you to the first tier as shown below;

Tier 1 requires that you fill in your full name, date of birth, country and your phone number. After you have done that, click on Get Verified. The pop-up window shown below will show, prompting you to continue with Tier 2.

The Tier 2 tab is shown below. It requires your address, your state or province of residence, city and postal code. After you have done this, click on the ‘Get Verified’ button again.

 
The window that popped up in Tier 1 will also pop up. But this time around, you have to click on ‘No Thanks’. At the verification of Tier 2, you can start trading but there are limits to your account. Since this is an instruction on trading account, we will stop at the Tier 2 verification. When you click on ‘No Thanks’, the tab below will be displayed;

Step 5 – Adding Banking Details

Proceed to link your Bank account with your Kraken account and start trading.