How to Pick Crypto Exchange?

17 July 2021

Only a few years ago, people were skeptical about cryptocurrencies. Nowadays, blockchain technology is a leading investment direction and profit source. Hardly someone can be found on the planet who hasn’t heard about Bitcoin or Ethereum.

However, there is still a stereotype about the digital currency market. Few people are involved in it since most people think it’s a complicated and risky industry. Yes, the likelihood of losing all your money is high if you are completely ignorant about digital currencies.

To avoid such an unpleasant situation and, on the contrary, start investing in cryptocurrencies and making money, you should educate yourself about the market. So start your journey by picking a good crypto exchange. This guide will teach you how to identify a reliable digital currency exchange and make safe transactions.

Contents

1 What is Cryptocurrency Exchange?
2 How to Choose a Reliable Crypto Exchange?
3 Final Thoughts

What is Cryptocurrency Exchange?

Cryptocurrency exchanges are digital platforms where people can sell the currency they have or purchase another one. For example, on such platforms, you can convert BNB to MATIC. Moreover, besides crypto, your exchange destination can also be fiat currency, e.g., by giving BNB, you can receive US dollars. After performing currency exchange on the platform, you can either keep the money in your cryptocurrency wallet or transfer funds to your bank account.

How to Choose a Reliable Crypto Exchange?

Unfortunately, the availability of hundreds of crypto exchanges makes it difficult to choose a good one. Investors worry about the security of their funds and don’t want to meet scammers. Here are a few criteria that will help you identify a reliable instant crypto exchange.

1. Pay Attention to Security Procedures

One of the reasons investors become victims of scammers is that they don’t spend enough time verifying the platforms’ authenticity. First of all, you should check each platform’s Terms and Conditions and Privacy Policy sections to ensure that a legitimate company manages the website. But don’t entirely trust this information. Always make sure to check the exchange’s reputation on the internet. Finally, read customer reviews and feedback to learn what users think about the platform.

2. Availability of Multiple Payment Methods Matter

Crypto exchanges accept payments via credit cards, PayPal, and digital wallets. Most platforms also allow purchasing crypto by paying via other digital currencies. The exchange must accept payments via credit card or PayPal for beginner traders to acquire their first coins.

3. Large Variety of Supported Currencies

Almost all exchange platforms convert famous currencies like Bitcoin and Ethereum. However, few people know that there are thousands of digital currencies. Unfortunately, exchanges don’t support all of them. Hence, investors should choose a relatively popular cryptocurrency, on the one hand, and a platform that supports transactions to and from this currency.

4. Transparent Transaction Fees

Before choosing a crypto exchange platform, make sure that it has a transparent transaction fee policy. Unfortunately, some exchanges have hidden fees that investors notice after making several transactions.

Final Thoughts

Cryptocurrencies are good sources of income if you succeed in choosing a reliable exchange platform. Several criteria can help you with this task. First, make sure that the platform’s operation is legitimate. It should also support several currencies, payment methods and have a transparent transaction policy.

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Ariana Smith

I enjoy writing and I write quality guest posts on topics of my interest and passion. I have been doing this since my college days. My special interests are in health, fitness, food and following the latest trends in these areas. I am an editor at Content Rally.

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Everything you Need to Know About Term Insurance Plan Premium

Term insurance plan is a type of insurance policy that offers pure life protection to the family of the insured in case of an uncertain demise of the insured person. This is the most basic kind of insurance policy that you can opt for. The premium amount on the term plan is also the lowest as compared to other life insurance policies. What Is A Term Insurance Policy? The term insurance policy offers life coverage for a specific period of time to the family of the policyholder in case of any eventuality. In case the policyholder expires within the tenure of the policy then the nominees get the sum assured amount. If the policyholder, however, survives all through the term plan and the policy expires then no maturity benefit is offered to the policyholder. The term plan is designed in such a way that it protects the family financially in case of the policy holder’s death. The online term plan is also for a set period of time. There is no wealth creation or investment benefit when you invest in a term plan. Term Insurance Plan Offers an Affordable Premium Rate: The offline/ online term insurance plans offer the lowest premium as compared to the other kinds of insurance policies. This is because the plan has no investment component attached to it and it is pure life protection. So in case, the policyholder expires during the policy term then the nominees will get the benefit. However, the term plan has no survival maturity benefit. This makes the term plan different from the other insurance policies that offer a maturity benefit to the policyholder in case the policyholder survives the entire tenure of the policy. How Is The Premium Of The Online Term Plan Calculated? Term insurance is basically a contract that the policyholder and the insurance company get into. The insurance company agrees to financially protect you and your loved ones in case of any eventuality within the policy term. In return for this security, you pay a premium amount to the insurance company.Having an online term plan is a great idea and should be apart of your financial plan. Life is unpredictable and your family could get into a big financial crunch if you leave them without any financial backup. Thus if you are not financially secure then your family could be in big trouble.If you leave without insurance then you may leave your family in big debt and thus you need to make it a priority to protect your family in every possible way. The term insurance plan is simple and the most economical way in which you can insure your life. The insurance plan lets you to financially secure your loved ones even when you are not around.Terminsuranceplansattract a premium amount and thus you need to know first what decides the premium amount that you pay towards the term insurance policy. The Term Plan Premium: The premium of an online term insurance policy is calculated based on some simple aspects. This is the premium rate which is multiplied with the coverage amount that you have chosen. Mathematics and statistics are used to decide the premium rates. The risk is calculated to determine what the term premium is. The risk is basically how likely you are to place a claim. The lower is the risk attached to you the lower is the term insurance policy premium rate. Factors That Affect the Term Insurance Premium Rate: The insurer determines the premium amount based on the various factors when you apply to buy a term insurance plan. Your ageAge is one of the most important factors that determine the premium amount of the online term plan. The older you are the more is the premium amount that you will have to pay. This is because as you age you are a higher risk to the insurance company and the chances that you will be claiming the insurance amount is high. This is why it is advised that you get the term insurance plan when you are young. GenderIt is studied that women have a higher life expectancy than men. The insurance companies feel that women are less likely to die and thus they are charged a lesser online term plan premium than men of the same age. This is why the premium that is charged for men is higher than that for women. Job profileWhat your occupation also determines the online term plan premium amount that you will pay. There are some job profiles that are high risk as per the insurer and thus you will have to shell out a huge premium if you are working in any of those profiles. Those that are in some dangerous professions like an army, pilot, etc. have a higher premium rate than those who work in safe working conditions. GeographyWhere you stay also plays a very vital role in deciding the premium amount. Those places that are less prone to disaster charge you less premium than those places where natural calamities could charge anytime. This includes places that are prone to earthquakes or hurricanes. BMIYour body mass index is calculated by the insurance company. If you are overweight then you are likely to suffer from medical conditions like heart diseases and thus you will be paying a higher premium towards the life insurance policy. SmokingSmokers have a lower life expectancy and thus if you smoke then get ready to shell out extra towards the term insurance policy. This is because smokers have a high probability of having cancer and lung disorders.The cost of premiums can vary more wildly for smokers than non-smokers, so it is even more important to compare quotes. You could use a comparison website or a regulated broker such as Reassured. AlcoholIf you drink a lot then you could be prone to health problems related to alcohol. This is something that is considered when calculating your insurance premium. Medical historyYour past medical state is also considered to calculate the premium amount. If you have ever suffered from illness in the past then this could cause the life insurance premium to increase. Also if your family member had some life-threatening disease at an early age then this could cause you to pay a higher premium towards the term insurance plan. This is because you are likely to get affected by the same disease at a later stage in your life. Adventure SportsIf you are into adventure sports then you are likely to die having met with an accident. If you are too much involved in adventure sports then the premium charged to you will be higher. Other factorsThere are many other factors that could affect the premium that you pay towards term insurance policies. This includes your travel history, marital status and whether you have chosen for an additional rider. Every factor of your life determines how much premium you will be paying towards an insurance policy.It is important that you declare them all when buying a term insurance policy. There is no point keeping the insurer in the dark because in case they get to know about it after then they would reject the claim. Thus your whole purpose of having a term insurance plan in the first place gets nullified. How Much Premium Do You Need To Pay Towards Your Term Insurance Plan? If you are wondering how much premium you would have to pay towards your term insurance plan then here you go. You could use a term insurance premium calculator that will be available for you to use for free on the website. All that you will have to do is to key in some details required and this will calculate the premium amount for you.How much insurance coverage you will need is dependent on your age mostly. You need to add your present income and multiply it roughly with 15 and then add any of the outstanding debts or loans to it. This will give you an approximate amount of the coverage that you need.This just gives you an approximate amount. You will also have to figure out the premium based on your retirement age, present age, inflation, liabilities that are existing and other needs. It is important that you consider the information and put in as much information as required and accurately you can come up with the most approximate figure.Some of the details that will be required when you use the online calculator are your name and age, purchase year, tax liability, date of birth, gender, total coverage amount, etc.You can use the term insurance premium calculator to get a rough amount of premium that will be charged towards your term insurance plan. Choosing the Best Term Insurance Plan- Term Insurance Comparison It could be a little tricky to decide on the best term insurance plan. You need to keep the following things in mind to make an informed choice.The reputation of the insurance company Coverage required The claim settlement ratio of the company Factors that could affect the coverage Terms and conditions associated with different companies Online or offline term insurance plan purchase.All these will let you decide on the term insurance premium calculator on the best term insurance plan for your needs. The premium of the term insurance plan is comparatively lower than any other insurance plan that offers life coverage. It is however advised that you buy a term plan because it offers higher life coverage for a very low premium amount.Read Also:5 Must-Have Long-Term Goals For A Secure Future 10 Estate Planning Tips To Help You Prepare For The End

Crypto Market Insights And Tips For Investors

Despite being a relatively new market, cryptocurrency markets exhibit high volatility. This article explains the factors that contribute to this volatility and discusses how investors can manage it.While cryptocurrencies offer many opportunities for investors, they are riskier investments than traditional stocks and bonds. Nevertheless, their prices have been decreasing in recent years. What Is Crypto Market Volatility? The volatile nature of crypto markets poses both opportunities and risks for investors. Understanding what drives market fluctuations can help investors make more informed decisions about their investments. The article also explores strategies for diversification, stop-loss orders, dollar-cost averaging, and derivatives.Cryptocurrency prices are highly sensitive to a range of factors, including supply and demand, governmental regulations, and technological development. Some of these factors are unique to the cryptocurrency market, while others are more commonly associated with stock markets. For instance, the mining process of some coins can lead to an increase in price as more people want to buy them. As with others, mining methods can be using platforms such as https://rollercoin.com/free-bitcoin. The resulting higher demand can create a positive feedback loop, causing the price to increase even more. Despite this volatility, however, the return on investment can be high. Decentralized Nature Of CryptocurrenciesCryptocurrencies are decentralized, meaning they do not have a central authority. Instead, they rely on blockchain technology to verify transactions. The resulting records are immutable, so once data is entered, it cannot be changed. This is different from centralized databases, where data can be changed by a single user.The decentralized nature of cryptocurrencies allows investors to take control of their investments. It also removes the need for intermediaries, such as financial institutions and banks. This may improve liquidity, reduce fees, and decrease the risk of price crashes.Investors should research a cryptocurrency before investing in it. For example, they should look at how widely it is used and who its founders are. Reputable projects will typically make their metrics publicly available. They should also have a clear plan for the distribution of tokens. Macroeconomic Factors There was a time when cryptocurrencies lived in isolation and were unaffected by traditional market forces. However, as more institutional investors and corporations enter the crypto market, they are becoming more influenced by macroeconomic factors such as interest rates, inflation, and unemployment.These factors affect the demand for risky assets, including cryptocurrencies. In addition, new technological developments can have an impact on the crypto market. For example, a new cryptocurrency could have lower energy consumption than existing ones, which would increase its appeal to investors.Another factor that influences crypto market volatility is the correlation between Bitcoin and stocks. This trend has increased in 2022, indicating that cryptos are acting as risky assets. This is a concern because it limits the benefits of using them as a way to diversify investments. Volatility Indexes A volatility index is a real-time measure of implied market volatility. It is based on the prices of near-term stock options, and it represents investors’ expectations for volatility over 30 days. In times of market stress, the VIX tends to rise.Investors have used the VIX as a gauge for market sentiment, and it can help them assess their risk exposure. However, there are other factors to consider when evaluating a potential investment.The VIX is not a perfect tool for measuring risk, but it can provide an indication of investor expectations about future market behaviour. There are also other volatility indices that track specific markets, and some have derivative securities that can be used as hedges against market corrections. These securities have become very popular, but they should be viewed carefully. Investment Strategies Crypto investments can be a lucrative asset to add to your portfolio, but they are also incredibly volatile. Investing in the right strategies can help protect your portfolio against crypto market volatility. These strategies include educating yourself, diversifying your investment portfolio, setting achievable goals and employing tactics like dollar-cost averaging. Cultivating emotional resilience and making rational decisions are also essential.Unlike stocks, which are backed by assets and earnings, cryptocurrencies have no intrinsic value. They are prone to being manipulated by investors who attempt to artificially drive their prices up or down.However, a diversified crypto portfolio can mitigate these risks by investing in coins with strong development teams and a promising future. It is also recommended to look for cryptocurrencies with distinct use cases and varying market capitalizations. Read Also:Why Entrepreneurs Should Pay Attention To Cryptocurrencies In 2021 What Is The Concept Of ‘HODL’ Which Everyone Is Talking About In Bitcoins Types of Bitcoin Trading with Parameters

What Will A Financial Retirement Plan Including Gold Look Like

Planning doesn’t stop once you retire. In fact, you need to increase your efforts when the day arrives to maintain security. Security can look different for each retiree and their investment portfolio, but one commonality that many agree on is ensuring that the assets are diverse.Gold and other precious metals keep a retirement portfolio diverse, meaning the assets are not all tied up in one class, nor do they all correlate with the market similarly.A gold firm, check metal-res.com website for details, will set an investor up with physical gold or a gold IRA to meet plan diversity needs.A financial counselor or advisor can further assist investors by helping strategize for security up to the age when they decide to retire and after.Let’s examine what that strategy might look like.What Will A Financial Retirement Plan Including Gold Look LikeThe objective when planning for retirement is achieving security. Even after retiring, retirees must continue strategizing to ensure they don’t lose it. When building an investment strategy, a primary method for establishing a secure portfolio is through diversity.Many investors accomplish this by adding a physical commodity like precious metals or gold, boasting as an excellent long-term investment. That would make it ideal for a retiree.Adequate planning for an investment portfolio would include reassessing each year until reaching retirement and after since goals and circumstances change.One consideration is determining an appropriate age to retire. A problem for some is becoming harried about retiring, tending to jump ship a little too soon without considering the consequences.These retirees are often unprepared, with a few finding themselves heading back to work. The priority after the fact is following the guidance of a professional financial counselor for the best way out of the pitfall they find themself in.Other investors are relatively on the mark, with planning working in their favor thus far. Still, striving for security means reassessing the strategy and looking further into the future to discern how the goals will need to change as their lifestyle does.What steps should you follow to ensure optimum security as you head into retirement? Let’s learn.Reassess your needs and what you hope to achieveEach year before retiring and continuing after retirement is reached, it’s wise to consult with a financial counselor to look over your finances, see where you currently stand, and what you see as goals moving forward.A counselor is in a position to offer advice on where to make adjustments to align your strategy with new objectives.As a retired investor, you’ll be less risk tolerant with your investment choices. The idea at this stage is to keep a steady flow to withdraw from instead of being intent on amassing a fortune in wealth. You will still want to protect your wealth, making a case for keeping that little bit of gold in your holdings.The precious metal will provide a store of value and balance the holdings, reducing risk even further.What is your spending plan?The recommendation with an established spending plan is to take no more than 4% from retirement savings in a given year. That doesn’t mean sticking with that plan will always be possible, particularly if emergencies crop up, medical expenses, and critical household needs.When working with a financial counselor or advisor or overall planning for retirement, these things need to be accounted for in the spending plan. That means anticipating that this will be an expense, so you’re prepared for emergencies at any moment.No one can plan when an emergency might occur, but you can ensure that you have money in the event there is one. That’s the urgency with the need to have a spending plan lined out when you retire.No risk isn’t reasonable eitherYou’ll be less tolerant of risk when you retire, perhaps a bit more conservative with your investment choices since recovery takes time when the market spirals. Still, you don’t want such a “safe” portfolio that inflation nibbles it away.For some, retirement can go on for a couple of decades, perhaps more, depending on when you stop working. These savings need to carry you through that timeframe.The idea is to have a healthy blend of investments that will continue to grow throughout the years. Plus, if you have that sparkle of gold diversifying your assets, the precious metals will help to reduce your risks, protect your wealth, and stabilize your holdings.It will take careful planning and adequate guidance to discern investments that are neither too great of a risk nor too minimal but instead offer excellent growth potential.Some ways to improve funds coming into the household include stocks that pay dividends and setting up annuities. These will be the closest thing to a steady, secure flow of income after leaving the workforce. Open for details on how to retire with “millions.”Final ThoughtSecuring retirement, determining when to retire, and planning looks different to everyone. A common denominator is protecting the wealth that you do accumulate.That usually means reducing the risk of loss. Investing in a precious metal like gold can do both these things and more. It’s also a consistent investment, steady and long-term.When reassessing your plan and goals plus your lifestyle changes each year, the only constant that could remain true at any age is possibly your gold asset.Read Also:Smart Ways to Invest in GoldHow To Start Your Investor Journey: 5 Credible Options To ExploreWhat Investors Should Know about Investment in Gold and Silver Assets

How to Pick Crypto Exchange?

What is Cryptocurrency Exchange?