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GO GLOBAL GO SMART GO CRYPTO

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Monazza AarfaWriter : Monazza Aarfa Zaina RafiqueVoice : Zaina Rafique United States 10783 Listens

Introduction

You are doing great in your business. Your company gains profit on a regular basis and you have a lot of transactions and investments to make. You are tired of ensuring that no alterations, errors or frauds take place under your nose, while these transactions happen. But there is one alternative that shall help you get rid of all these hassles!

You're with your host (name) at DueClixVoice FM. In our programs, we invite those who have gained excellence in peculiar backgrounds.

We urge you to support DueClixVoice FM in any way to help us provide you with relevant and authentic information.

In today's program, we shall be discussing the latest and fastest medium of financial transactions and investments, known as 'Cryptocurrency'.

This program is meant for all the people who are interested in Cryptocurrency, its use and utility and in trade and investment policy, and other like-minded business people.

Joining us today as our guest is (name) as spokesperson of InfoTaxSquare.com - which has registered thousands of religious and non-religious Organizations across the United States for US residents as well as non US residents.

Thank you (name) for being with us here today.

Frequently Asked Questions

So when we use the term \'cryptocurrency\', what comes to your mind? What exactly is it?
What is Cryptocurrency? +

Thank you (name)
Since it is a new system and a new concept, many of our listeners might not know much about it.

A Cryptocurrency is a digital or virtual currency that is a potential substitute or alternative for conventional currency in the future. The term "crypto" stands for the cryptographic system which makes this currency safe and transactions non-accessible to those not involved in it. It uses an online ledger to secure online transactions and make them confidential. It's like the science of hiding information. It is also a money investment strategy for future purposes.

To say in a nutshell, Cryptocurrency is nothing but a type of currency component which uses digital format files as money.

As our listeners now know what Cryptocurrency is, could you help us understand its flow and what pattern does it follow?
Decentralized pattern and flow of Cryptocurrency +

Certainly.

Cryptocurrencies use a "decentralized" pattern. This means that there is no entity or authority controlling its flow. When a normal transaction occurs, it is monitored by an authority such as banks. Whereas, over here, the only persons involved are the ones doing the deal. This pattern helps get relief from strict protocols, long procedures and authoritative interferences.

The flow is simple, swift and straight. However, other users shall be notified of deals taking place, but its details will be completely opaque. Hence, it is secure and safe, leaving no chances of theft, scam or alterations.

That is, I suppose the biggest perk of Cryptocurrency. So when was the idea introduced?
History - when did it all start? +

In 1983, an American named David Chaum started a cryptographic and electronic money system or e-cash. This holds the roots for the idea of Cryptocurrency. Twelve years later, he developed another system, DigiCash, that used cryptography to make economic transactions confidential.

However, it was not until 1998, when the term "Cryptocurrency" was first coined.

Could you tell our listeners about the types of Cryptocurrencies?
Types of Cryptocurrencies +

Absolutely. The first one to be introduced was Bitcoin which still remains the most popular. Over the time, many others have been developed such as Ethereum, Cardono, Litecoin and so on. Some are like Bitcoin, some are entirely different. Each has a varied set of features.

That\'s nice. Kindly tell us something about the prominent users of Cryptocurrency.
Who uses Cryptocurrency? +

As in the case of most new technologies, cryptocurrencies are popular mainly among young people. More than half of the users do not exceed 40 years of age. The largest number of users can be found among 31-35 year olds.

Interesting. It also becomes vital for us to understand the technology behind it. So what exactly is Blockchain?
What is Blockchain? +

A Blockchain is a technology on which Cryptocurrency operates. A 'block' is an encrypted code or identity for a transaction. And a 'blockchain' refers to a set or chain of protected information blocks connected in a sequence. Its purpose is to share information to all parties that have access to it, but it keeps all activities encrypted. It is nothing but a decentralized technology spread across many computer systems which manages and records transactions through fully developed software technology.

Thank you (name) for simplifying this. So how can one start with Cryptocurrency?
How to start with Cryptocurrency? +

To start trading in crypto, you need to choose a crypto wallet and an exchange to trade on.
From there, it is as simple as getting verified with the exchange and funding your account, a process that can take a few days. Once your account is set up, you can start buying cryptocurrency on the exchange.

Most exchanges are just like stock-trading platforms : you can buy and hold your Cryptocurrency, or you can exchange it for another Cryptocurrency.

You must be careful while selecting the exchange. To track your portfolio’s Bitcoin value, you can trade altcoins(Alternative cryptocurrencies) against Bitcoin on exchanges like Coinbase Pro.

By actively trading your cryptocurrency, you risk losing your crypto to the market. When you trade cryptocurrency and send your digital coins to another person, you are signing away your ownership to another digital wallet address.

To be able to spend the digital coins and unlock the ability to access the cryptocurrency, the private keys stored in your wallet must match the key where the digital coins are sent.

Putting on a cryptocurrency trade is very easy. The process of registering with an online broker, depositing funds and clicking on ‘buy’ is very similar to other online shopping experiences.

In the end, what would you like to tell our listeners to keep in mind?
Things to keep in mind +

The best way to trade cryptocurrency is to first understand the concept. Then, validate the exchange’s security, decide on wallet types, and embrace different crypto trading methodologies. Always be logical and yet quick to react to market volatility. Once you’ve got a grasp of the basics of cryptocurrency, you can see what crypto trading is and how it works.

There are some pitfalls to avoid, and no one can guarantee that the prices and values shall go in a particular direction. It involves a lot of risk, and hence the majority of the users are young.

It should also be kept in mind that many exchanges charge a percentage of the purchase price. Do your due diligence to find the right one for you.

Everyone must be well aware of these new and fast spreading concepts and practices.
Conclusion

Absolutely!
In the next few years, it is expected that cryptocurrency operations shall spread and establish in many countries as they continue to develop and gain advanced technologies.

We hope that this program has been successful in making our listeners understand the importance, flow and scope of digital currency in the 21st Century.

We shall keep you informed about many other aspects through programs like these, where we serve you authentic information in the simplest way possible.

This is your host (name) signing off!
Stay aware, stay safe and stay tuned to DueClixVoiceFM!

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