Why do altcoins exist?
Why altcoins exist? and what are they for?
Alt coin is the abbreviation for Alternative Coin, or coins alternatives to Bitcoin.
Bitcoin as we know was the first truly successful cryptocurrency, which show the way for all those who followed it.
But Bitcoin is not perfect and altcoins are used to create a hypothetical better version of bitcoin or a coin that has different purposes and functions from those of Bitcoin, in fact some of them are faster than bitcoin, others focus on anonymity, others do different things like ethereum and others.
Altcoins can then be mined in a different way, for example bitcoin has an algorithm called SHA 256, an altcoin like Litecoin, which derives from Bitcoin, has a different algorithm called Scrypt.
There are now thousands of altcoins on the market, but only a very few have achieved a decent fan base. We must in fact divide the coins that have a utility, the coins that are based on projects that do not really have to do with the blockchain and coins that are exclusively scams or useful for the Pump and dump.
A good way to analyze the coin we have spotted is to understand if it has a following by first checking the market cap and then the community of users who use or follow it.
The market cap is the term used to indicate market capitalization.
This is calculated by multiplying the number of coins in circulation by the price of the exchange. A high value generally indicates a certain interest from the world and therefore value within the coin.
Remember that you can invest in an altcoin both when it is already on the market and before it is issued, in what are the famous ICOs.
if you want to invest in an altcoin, in the post ICO period, in general you will have more information and less chance to buy a scam but most likely if the coin has an actual use or value, you will pay much more than the price of the ICO.
So inform yourself and study well and always beware of ponzi schemes and fraud.
Learn more about Scam here.
Tax Havens
Today we lie down in the sun in full relaxation and talk about tax havens.
A tax haven is basically a low or no taxation country for resident businesses or individuals. They are considered refugees from states that have exaggerated taxation.
Generally the banking system allows transactions to be carried out that are covered by banking secrecy and the administrative management for the creation of companies is very quick and lean.
It must be understood that if tax havens exist, tax hells must exist somewhere.
Are tax havens legal? Yes.
Are tax havens fair? It depends on what our point of view is, which is obviously linked exclusively to companies operating in sectors that has no link to criminality.
If we look at the large sums being taken away from high-tax states, it is clear that tax havens are unfair. Countries like Panama don't have the needs and expenses of normal European countries. Companies operating in high-tax countries benefit from the state services of these countries and therefore should remunerate them.
From the other point of view, however, it is easy to understand that a country with low or no taxation gives to any company a competitive advantage given the saving of money from taxation, money that can be reused in research and development, higher salaries, bonuses and all that. which is needed for company and employees.
Another interesting point to understand is that there is now a competition between nation states in the world of globalization. There have been those who are administratively friendlier to companies, which offer greater advantages and which encourage companies to put their offices there. Places like Luxembourg, the Netherlands or Ireland have understood this dynamic and built a competitive advantage. Other countries, on the other hand, which have inefficient and expensive state welfare systems, are forced to over-tax their citizens.
In today's world, where competition is getting stronger and many barriers have been destroyed, it is easy to understand that every competitive advantage need to be used. States and governments that do not understand this are destined to lag behind on the international scene and with them their economies and the prosperity of their citizens. Being more inclined to favor companies by lowering taxes and bureaucracy, improving and decreasing the state machine, could be the ideal solution to make sure that tax havens no longer exist.
Dividends
Today let's talk about what dividends are and why we like them so much.
Dividends are funds, money, that companies give to those who own their shares. Generally speaking, we do not talk about very large figures per share, but having so many shares the figure begins to be interesting.
In fact, owning this kind of shares leads to having extra cash flow in our account. A gain is not only made by buying and selling the shares but also by owning these dividend-paying shares.
Now, the first thought that comes to mind is that a stock portfolio can only be made up of dividend-paying stocks, but you have to be very careful. In fact, it is a good strategy but it has inherent problems.
Theoretically, companies pay dividends when they think they cannot increase their earnings by reinvesting in the company. Very often dividends are used as a tool in the hands of companies to remunerate part of the management and part of the corporate stakeholders.
This is why dividends are paid more easily by companies that have been on the market for some time and not by new companies that need to reinvest in themselves or that do not even have this liquidity.
The corporate sector also plays a role in paying dividends. some sectors are more inclined like the energy and oil sector, where only it is easier to create long-term contracts with sovereign states, with large and certain cash flows. These are stable operations in a "slow" market.
The companies of the new economy instead work in a very fast market, much more fluid and with big technological changes that does not lend itself.
Dividends can be a great solution for income investors, like those who invest to get money into their portfolio.
The risk management of dividend stocks is slightly different from others. In fact, one is led to think that companies that give dividends are more disciplined, giving a sense of security to the investor. In this way, the investor himself has a management that can be simplified having a certain annual return.
One of the possible strategies with dividends is to reinvest buying other stocks that will pay more dividends and so on for years to come.
It must be said that having a dividend-only portfolio is an interesting idea, but we must also understand that to have interesting figures we will have to immobilize an important figure on the stock market, which is notoriously risky and volatile. Stocks can crash and companies can make mistakes that can lead them to eliminate dividends. Unfortunately, the market does not appreciate this move and that company's stock could suffer a further collapse.
Dividend stocks are attractive but should not be abused.
Gold
Since ancient times, gold has been associated with wealth, money and well-being for those who owned even a small part of this asset. It was one of the most sought after materials extracted from the bowels of our planet, and the human being has always seen the value given by its scarcity.
Used since the dawn of time to give value to the currency of all peoples, we Westerners had the gold standard until the beginning of the 20th century, in fact the value of the currency issued by our central banks was linked to gold, which guaranteed its value.
This system was completely abandoned in 1971, but many still consider gold a fundamental asset for their investment portfolio.
In fact, gold is considered a refuge or a safe haven, where to take refuge every time the shadows of galloping inflation returns to disturb our sleep. Especially for critics of fiat currencies, gold is an excellent investment to maintain or increase the value of one's investments and to protect themselves from the wild printing of money created with Fiat currencies
Remember that gold is a finite resource on our planet, hardly available and in limited numbers.
Central banks in countries that didn't have much have been buying it up in recent years.
Many countries have large quantities declared while other countries have preferred to discard them. This is a good example of the different strategy of the various central banks.
Gold is also an industrial metal used in the production of electronic parts. In reality, its industrial demand is a small part of the world total, to which must be added the demand for raw materials for the production of jewelry.
Now we should ask ourselves, is it right to invest in Gold?
Well, as in all things, there is a better time to do things, and these can only be understood by studying the set-up in detail
Having a share of capital in gold is not stupid, quite the opposite. However, this must be seen primarily as a defense tool. This does not mean that you cannot make money with gold, but as always you have to follow the trend.
If we talk about price, by convention and general rule, the price of gold grows more and more than inflation and this is not related to the trend of the stock market.
In the event of a stock market crash, there is usually a rush to grab gold, and then sell the gold when the stock market rises vigorously
However, Gold has a volatile price and not a fixed price. The period and time of purchase must always be considered and what tools we are monitoring.
In fact, there are more methods and tools to be invested in gold.
The main differentiation is between physical gold and financial gold.
Financial gold is the gold that we can buy through financial instruments such as ETFs and ETCs, futures or derivatives. In this case we will not physically have gold in our hands but we will have financial contracts that represent the amount of gold we own that we will be able to trade on the main world markets. Obviously in this case the choice must be careful with regard to the instrument and all its peculiarities, relying on issuing companies that are more than reliable.
Physical gold, on the other hand, is the gold that we can take home and touch with our hands. Generally it is not just about jewelry, but also coins or bars, which can range from a few grams to a kilogram. The unit of measurement of gold is the ounce compared to the US dollar. This gold can be kept in your home, obviously safe from buglar or scammers. Given the high value of the metal, if you decide to buy more than a few ounces, it makes sense to contact specialized custodians to keep our investment safe.
In fact, there are real risks to owning it, not just financially, but personally. Gold is not an investment for everyone.
Another way to be part of this market is to expose yourself by buying shares in mining companies. This is another method which, however, is totally financial and which must be considered and studied like any financial investment, to which the risk of the sector in which these companies operate must be added.
Long or Short
This is a short article that will explain some of the terms that you can find in the world of trading.
Learn more about exchange here and here.
You will often hear from people in the environment talking about being Long or being Short
This is the result of a diametrically opposite view of the market by the trader.
Being Long means having purchased the financial instrument.
Being short means having borrowed the financial instrument.
In fact, in the world of trading we can not only buy an asset, assume a share or a cryptocoin, but also borrow it. It all depends on how we consider the future trend of this action, like the rise or fall of the price.
The market can be defined as bullish or bearish, in the event that it is increasing in value or losing value. There are two animals that describe the uptrend or the downtrend
The bull is the uptrend market. In fact, it is defined as the bull market. The bull strikes from the bottom up.
The bear is the downtrend market. Hence Bear Market, as the bear strikes from top to bottom.
Long means being the owner of the asset. Our hypothesis is that the market is bull so the asset's value will go up so we will wait for the value to rise to sell it at a higher price
Being short means that we think the value of an asset will go down, we will be in a bear market, so we are going to borrow the asset from a lender. We will sell our asset at € 5, it will drop to € 3 and we will buy it back at this amount so as to give it back to the previous lender. The 2 euro difference is your earnings
Always check your broker's costs regarding being short, they must be carefully monitored to manage them in the best possible way.
How negative interests works
Today we explore the topic of interest rates, and we will see what negative interest rates are and how they operate.
What is a negative interest rate?
A negative interest rate is a loan, granted by a financial entity, where you do not pay to take money but you are paid to access this loan.
A debtor who is paid to take a debt.
Fantastic.
BUT What do negative interests on the economy really mean?
Interest is the amount that you pay to the bank to borrow money for your business or family activities, or it is the money that is credited to you by the bank to hold your funds in your bank account.
The low rates are created to push banks to increase lending and not keep a lot of liquidity stored in their accounts, flirting with customers that need to access these low-cost loans.
High interest rates are used to push people to spend less and try to keep inflation under control by cooling the economy.
The opposite is created by lowering rates.
The ECB European Central Bank started with negative rates in 2014 while the central bank of japan started in 2016
With negative rates, banks will begin to lose profit from the money deposited in their customers' accounts.
Negative interest also means that deposit accounts and money held on checking accounts will be paid at zero or you will have to pay to keep yopur accounts in the bank. In this case the bank could decide to absorb this cost from their customer if they take other products of the bank such as insurance, mortgages, etc.
It happened in denmark that a bank applied a rate of -0.5%
Consumers are so discouraged from keeping cash in their checking accounts and are therefore pushed to spend. This affects the entire economic chain, both private and corporate.
The costs for loans to the public will certainly be higher than those that the bank will have, after all it is their business
In the case of negative interest decided by the central bank, consumers do not necessarily have to have negative interest on their loans as well.
At the moment, we do not fully understand the real consequences of negative interests on the real economy, despite the fact that these seem an excellent thing to the man in the street.
Theoretically, low or even negative rates serve to push the economy with greater consumer spending, a greater propensity to borrow and a growth in consumption and therefore a growth in inflation.
With inflation, or the growth of consumer prices, there is a loss in value of the currency of the country that is the victim,
which means a greater possibility of selling their products abroad given their lower value at the exchange rate with competitors, another boost to the demand for goods and services.
All good, if it happens.
The countries that are now protagonists of this financial policy based on negative rates have had problems with chronic slow growth and are therefore in deflation.
Deflation encourages banks and people not to spend their money.
Deflation leads to the cycle more saving less spending. negative interests are seen as a method to discourage this cycle and indeed reverse it
Negative interests can have many negative effects on the economy and the population. People may decide to own their savings in physical currency, creating a run at ATM instead of keeping their cash in bank accounts and then paying the banks fee.
Financial bubbles are another effect, people could borrow to an unsustainable level and then create a financial bubble, with all that goes with it. Do you remember our toxic assets?
Which means making risky investments with money that savers cannot afford to lose. In the event of a crash the situation would be really problematic.
Negative interest then affects savers and bond investors. Savings are no longer remunerated and bond yields go to 0,
the risk is no longer correctly remunerated, creating market distortions, which leads to an increase in the risk in the investment portfolio to maintain the same level of remuneration.
Think about how all pension funds and bond funds are affected
Companies take debt money not to create new production lines or increase their workforce, but to buy back their shares, artificially increasing their value on the market
Banks are also affected, as this action greatly lowers their profits on loans and other products.
Negative rates can be seen as paradoxical and controversial
Negative rates on various bonds lead to not placing the bonds on the market, since in a normal market no one lends their money without having an economic return.
On the contrary, we must mention the Safe haven bonds have a low if not non-existent yield, but we are talking about bonds issued by countries considered “safe” and “unshakable”.
Hedge Funds
It is not uncommon to hear about hedge funds in the general media.
As the name implies, it is a fund involved in a hedging strategy.
We are talking about hedge funds because they are sometimes responsible for the volatility of the stock markets and because it is not always clear to the man of the street what they are, how they are composed and how they work.
Every hedge fund has rules that absolutely must be followed by the fund creator.
Regulations changes from country to country, such as the percentage of accredited investors or the type of investments that can be made. In addition, each fund has internal regulations to better manage its existence.
Generally, hedge funds in the Western world are allowed to purchase all financial assets recognized by their regulatory entities. But I advise you to specifically check the regulations of your country of residence in order not to make mistakes, all before investing.
It happens very often that the creator and manager invests a large chunk of their money in hedge funds. We are talking about a few million dollars, so as to push other investors to trust him given the particularly high personal figure involved.
After that there will most likely be a minimum amount to invest in the fund, which could be 500k or $ 1 million. in this way he will have a sufficient amount of liquid to invest and will have to deal with a low number of people, more easily manageable.
One of the rules that could be decided by the manager is to freeze the funds for a certain period of time which could be one or two years. In this way the manager will be able to invest liquidity in instruments that are also very risky without having problems of lack of funds due to an investor who wants to exit the fund.
Again for this issue, the manager could add to his rules a limited time window for the repayment of the capital added to the fund, such as once or twice a year.
The manager will have a large variety of assets to invest in, and to hedge the risk of these investments he will have hedging techniques by investing in derivatives and other instruments.
Obviously the manager can be both long and short on chosen assets, with a long investment and another short to cover the risk of the long.
the manager's remuneration will be a percentage, and may be a small percentage of the initial paid with a larger percentage of the gain achieved (in the order of 20, 30 or 40 percent)
Now, one of the riskiest moves that the manager can make is to take advantage of financial leverage, that is to ask for a loan from a bank. Let's assume a 5 to 1 leverage, with the manager having 10 million dollars under management and receiving 50 million from a bank, for a total invested liquidity of 60 million.
Both the financial leverage and the limited repayment window are the topics that can worry the most during a possible crisis or collapse of the markets
in fact, many investors may prefer to remain liquid and not invested in the market, so they may request redemption.
In this case, the fund should liquidate its assets very quickly.
This rapid liquidation would lead the market price to fall even further, especially if it is not just a fund that has to liquidate but a large number of funds.
You understand that the figures involved are very high and the speed of sale must be in line with the requests of the investors. The exit from the market, if done in a moment of panic, could also be very painful for the customer portfolio and even more so for the manager with the possible cancellation of the fund.
Bitcoin Lightning Network
Lightning Network is one of the solutions for one of the problems of bitcoin.
Lightning Network is a system created on top of the Bitcoin blockchain, with specific rules, to have fast and fee-free transactions.
We all know Bitcoin is cool but it's not perfect. Bitcoin has limitations such as the speed and cost of transactions.
In a particularly dense period of transactions, not high enough fees and blocks every 10 minutes, can make your purchase or move from one wallet to another really slow and expensive.
Lightining network should solve all these problems. The concept of this system has been developed since 2015 and we have to imagine that it works as if it were a layer cake.
On layer 1 we have Bitcoin with the blockchain while on layer 2 we have the lightning network system.
This feature is created specifically for micropayments, so that all micro transactions are not written on the bitcoin blockchain. At least not immediately.
The payment channels are created so if I want to send funds to a friend of mine or to a shopkeeper we can open a payment channel between the two of us, with our payments not involving the main blockchain. the transaction will take place at the speed with which the two wallets are able to communicate with each other.
When the transactions between the two wallets are complete, a main transaction will be created and written to the main Blockchain.
Now, if we thought of a series of regular, small-scale transactions, such as coffee at the bar every morning, each transaction sent to the main bitcoin blockchain would cost us more in lost time and fees than the transaction itself. Does it make sense to spend 10 dollars of coffee and 20 on commissions?
NO
Now let's imagine opening a payment channel for my entire CY Mood team with my favorite bartender. Upon opening the payment channel, both parties deposit a certain amount of money to guarantee the total transactions. If I know my team drinks 100 coffees a week I will deposit an equal or greater amount.
On the main Bitcoin BlockChain there will be only 2 transactions, namely the first transaction to open the payment channel and deposit the coin and a second to "close" or complete the payment
Now if we go back to our second layer, thousands millions of transactions can take place within the payment channel without these being written to the main blockchain. My team will be able to drink thousands of coffees and every time they buy, they will write an X BTC transaction to the barista
Weekly, monthly or every time my barista friend wants to cash out the coffee bitcoins, he will decide to write the transaction on the main BlockChain.
The system works best for small repeating transactions, we can think of our baker or the barber. There is obviously a system against scams, for those who want to close the payment channel in advance and not pay anything. In this case, the total of the initial deposit would be sent to the scammer. This greatly discourages scams.
Another interesting ability of the Lightning network is the ability to make payments to people with whom we do not have an open channel, but using other people's channels.
Being exposed in crypto consciously and knowing the dangers.
Why investing in cryptocurrencies? Why starting to study a whole new environment with a huge initial difficulty? Why endanger that part of our assets that we have decided to allocate in cryptocurrencies?
Because yes.
We start from the idea that the world of investments as a whole is huge, and that Blockchain is currently the most recent technology and with the greatest growth push on the planet. Investing in blockchain projects is within everyone's reach, so even less capable investors with little experience or just beginners can invest. Investors of this type are the ones who will make the biggest mistakes so they need to understand the various projects and decide if they are worth our money.
If you remember the dotcom bubble, you could have invested in amazon or google or other realities of the early internet era ... But we only remember those who survived and we forgot all those realities that had stratospheric growths in a few weeks, and then see your stock value crash to the downside and disappear from the market. But only from the market, not from the sad and shocked minds of their investors ...
Let's forget for a moment Bitcoin and Ethereum which are now the two champions of the crypto world, the universe of Blockchain projects is huge and varied.
It should be immediately understood that there are many projects that are or have turned out to be exclusively scams or clones of other more noble and serious projects, which with scammy name and various tricks have simply tried to drain funds from inattentive and inexperienced investors.
Currently over 90 percent of blockchain projects launched and funded have failed, most without writing a single line of code. Aware of this, and also aware of the fact that the Blockchain is the future and it is time to be inside it, as investors we must ask ourselves some simple and basic questions to understand where to put our funds.
Let's start with the first doubt to be eliminated, if the project we are evaluating creates a product or service that solves a real problem and if this is in line with Blockchain technology. Not all projects showed off as crypto friendly are suitable for the Blockchain. In case it is really suitable, and perhaps thanks to the blockchain it solves an unsolvable problem, well we have taken a big step forward. Those who do not respect this rule can be eliminated in a long-term investment perspective.
After that we will have to understand if the evaluated product really exists or is still under development or worse, it is only on paper and not even explained in a perfectly understandable way. In fact, a product under development takes months if not years to be launched on the market, extending the time for the return of the investment and therefore enormously increasing the risks for the investor.
After the product, the team should be checked. It is clear that the team must reflect experience in the sector to which the project belongs and the individual members must be experienced and competent, with a good curriculum. The team will then have to try to create partnerships with various companies already on the market. Experience, partnership and reputation are excellent indicators.
Another aspect to check is the type of token created to finance the project and offered to the public. There are utility tokens that offer a service linked to the project and whose value changes according to company and market trends. Otherwise, security tokens can be offered, which are backed by real company assets. These tokens are regulated and, in addition to offering an extra guarantee on the project, they carry rights on assets owned by the company.
Another point to check for the investor is the control of who issues the token, whether through an exchange or directly by the company in charge of the project. In the case of little-known exchanges with an unclear past, here is an alarm bell.
And this point makes us shift our attention to the dangers of investing in cryptocurrencies. Danger seen as the possibility of losing all our accumulated value.
First of all we need to define and differentiate the types of risks we run by investing in crypto.
We have two main type of risk, which are technical risk and financial risk.
When we talk about technical risk, we mean any problems we may have with wallets, exchanges and other technological issues.
The wallet is your property and it is your responsibility to manage it in the best possible way. One of the things that you cannot predict, however, is a possible bug that cause to hack the wallet and make you lose your funds. For this reason, the best choice to always make is to look for and use only the most successful wallets created by companies that invest a lot in security for their products. This choice is yours and it is your responsibility.
The same goes for the choice of the exchange on which to operate. An exchange can be attacked and its wallets can be hit and looted. But a large exchange has the funds and a strong need to protect itself, so it will always be state of the art in protecting its business and consequently its users. On the other hand, small exchanges do not always have these capabilities and are much more risky. The risk you take, however, can be rewarded since small exchanges often have coins that are not present on the larger ones and the movements can be more violent and faster, making you gain or lose more.
Leaving your coins on an exchange is a big risk. Remember that the coin that is on your wallet on the exchange is in the wallet of an exchange and not on your proprietary wallet. If something should happen to the exchange, you are almost certain that you have lost your parked coins waiting to be traded. In my experience it is better to spend something on movements from and outside your wallet. You run the same risk when you borrow your coins on an exchange that gives you this option. In this case, however, the risk is greater since your coins will be blocked for the entire time of the loan, not allowing you to quickly exit the exchange for whatever reason you want. It should also be considered that exchanges do not always allow immediate exits since the general timing is between 12 and 24 hours.
Scams are a full-blown reality of this world, we have made an article with the list of the most famous so we can teach you how to defend yourself. Learn more about Scam here.
Another problem you may find is the technological protection of the coins. Coins like Bitcoin and ethereum are difficult to attack, the development teams are very large and made up of capable programmers with very large budgets. On the contrary, coins just put on the market and therefore small and with few developers could have bugs that undermine their intrinsic safety. Choosing the coin to invest in is your responsibility, you take a risk in any case but it is a risk that you can manage.
Therefore the risk is reduced by using high quality wallets, exchanges of proven trust and coins among the most liquid. If you use the right things in the right way you have lowered the problematic risk.
Now let's face the financial risk.
The major problem encountered in the crypto market is the extreme volatility of prices, given by a combination of low market liquidity, thin books and a strong presence of whales that can move the market. However, this volatility is the key to making money. If we position ourselves in the right trend, our coin will obviously have a growth that is impossible on conventional markets.
But be careful, there are no guarantees regarding the growth of the price of a coin. It is not acceptable to buy something at random and abandon it, and then hope that in the following months or years it will increase in price.
The same goes for the underlying of each coin. The underlying of each coin is the development and use technology that it has in the real economy. If this technology is useless, wrong or totally non-existent, it is obvious that the value could collapse and reach zero.
There are Ponzi schemes like OneCoin which have no underlying and which are based only on the trust placed in them. When confidence collapses, OneCoin is like a fake baseball card. I only mentioned OneCoin for the trust issue, OneCoin is not a cryptocurrency.
Bitcoin has value because people believe in this technology and believe in the monetary design philosophy that underlies it. Bitcoin is also valuable because it is used according to its philosophy. The use of a coin, like the trust that the public has in it, creates value on the market.
There are some basic things that you must always remember.
By investing in anything, you are taking a risk. Risk that you can lower but never eliminate. Balance the risk on your profile, never overshoot it. Every mistake is always paid with your money.
In the long run there are no certainties about the value, while someone more famous and better than me said that in the long run we are all dead.
The risk of losing and zeroing your trading account is as real in crypto currencies as on any financial instrument. On crypto and derivatives, obviously all this can happen very quickly.
Anyone who promises you fast, safe and risk-free earnings is lying and wants to scam you. Say goodbye to this fool.
Security and personal hardware
With the use of digital assets in the blockchain sector, it is good to start with an analysis of your computer and smartphone, and their safety. It is good practice to always have the operating system updated to the latest security patches, and consequently all the programs installed on the PC. The use of the latest generation paid antivirus is essential. Let's destroy a myth, there is no best antivirus but good antivirus (do your research and buy a license). We reiterate the importance of having a good antivirus as many malware are designed to steal data relating to cryptocurrencies (your assets).
It is also not recommended to connect to public wifi connections, it is better to use your own data connections, and to implement the use of vpn (virtual private network) to secure your connections. There are many very affordable subscription plans.
It is essential to have a back up of your private keys and passwords off line, not on the computer in use, as if you were to fall victim to the notorious cryptolocker, we will lose all data (all the contents of the pc will be encrypted), and to obtain the key we will be forced to pay cybercriminals in bitcoin. So, watch out for email scams. Never open an attachment if you are unsure of the sender.
When using a smartphones we highly recommend an antivirus / antimalware updated to the latest definitions. The VPN contract certainly provides for use on multiple devices, so we are going to take advantage of the usual subscription also on smartphones.
If you also use your smartphone for work, for leisure (social, chat of various kinds, entertainment for adults), you will create a promiscuity with the operations in the field of cryptocurrencies, so it could be optimal to use a dedicated smartphone . For those who are obsessed with security, we can also indicate a specific smartphone, the htc Exodus created to ensure maximum security in the context of the blockchain.
Small but fundamental mention of the use of 2FA (two factor authenticator) for access to the various exchanges, in order to make operability with your own cryptocurrencies even more secure.
Learn more about safety here.