The world is becoming more and more dependent on the Internet.
It is therefore, not surprising that Bitcoins, a secure, global and digital currency has claimed the interest of investors.
Bitcoin is open to all and offers an exciting opportunity to dive into a whole new class of assets.
Investing in bitcoins may seem scary at first, but they are usually safe, especially when you know more about them
What is a Bitcoin?
Created in 2009, bitcoin is a digital currency. Unlike normal money, which is guaranteed and valued by the government printed on it, Bitcoin is managed independently and has no Government support, which means that their value, or what you can actually spend it on, is largely determined by users.
This means that bitcoins can be worth a few dollars to nearly 20k each.
Are bitcoins safe?
Yes they are.
1. Bitcoin is encrypted and secure
Bitcoin is encrypted and saved on a special system called blockchain. The Blockchain technology uses volunteers – many of them – to work together to encrypt transactions on the Bitcoin system.
In doing so, they ensure that all personal information remain on the screen, and even if hackers manage to enter the system, there is nothing useful to steal.
2. Bitcoin is public
“Wait, it does not seem safer”, but by “public”, we mean that all transactions are transparent and accessible to the public, even if the people involved are anonymous. This means that no one can cheat the system.
The transactions are also irreversible. Therefore, once you have obtained or sold your bitcoins, no one can claim their money back. With Bitcoin, it’s like thousands of people are watching your wallet to make sure no one is trying to steal anything.
3. Bitcoin is decentralized
Bitcoin has globally placed servers and over 10,000 nodes keeping track of all BTC transactions occuring on the system. And that is very important because it means that if something happens to one of the nodes or serves, the others can take over.
It also means that attempting to hack one of the servers is useless – you cannot do anything about it that other nodes and servers cannot prevent unless you control 51% of the nodes – a situation not impossible but terribly improbable.
What is the right moment to buy?
As with any market, nothing can be said safe. But we think that the moment is perhaps the best possible, especially given the value it has.
In the course of its history, the value of Bitcoin has generally increased very rapidly, followed by a slow and steady fall until stabilization.
Use the Market option on the AiBB app to understand the value of the current Bitcoin market. Remember that bitcoin is global and is not affected by the financial situation or stability of the country.
Security is very complex in the tech-savvy world. It seems that almost every day, there is another report of a major data breach or ransomware.
While blockchain is the cryptowallet security model (blockchain is completely secure through the distributed ledger creating the chain), it does not produce a fully secure system. The threat does not lie on the blockchain, but on the portfolio or the exchange provider.
Therefore, it is strongly recommended that you take ample security measures to safeguard your private keys and protect your funds in your wallet. The following tips can help.
Practice proper internet hygiene
Pay attention to the places you go online, especially when using your device with a wallet. Malicious websites and unsafe public WiFi networks can put your crypto wallet at risk. At the same time, do not leave your device unattended and do not lend it to anyone.
Be aware of phishing
Phishing scams through Google Ads and e-mails are common in the world of cryptography.
These scams are more and more rampant; make sure the domain name of emails received from portfolio companies is spelled correctly. Once you have sent your private key to a phishing website, you can say farewell to your funds.
Do not keep your cryptocurrencies on the exchange
You may think of keeping your cryptocurrencies on the exchange where you bought them, but that means you let the exchange take control of your funds and possibly expose them to hackers.
It is safer to move your coins to a software wallet like AiBB, which allows you to fully control your private keys while protecting them from hackers.
Check twice when making a transaction.
Remember that cryptographic transactions are irreversible and that any small error in the recipient’s address will result in a loss of money. As encrypted wallet addresses represent a huge mix of numbers and numbers, committing an error is not that difficult. Never type addresses manually, only copy and paste.
However, even this precaution is not always enough. Some tricky viruses replace the address of the wallet by that of a hacker. Even after copying and pasting the address, carefully check the first and last symbols and make sure they match.
Use a separate email address for your encrypted wallet.
If your email is hacked, the hacker may gain access to your wallet. Set up a different email address with alternative information, such as your nick name – something, that will be hard for the hacker to guess.
For additional security, use different email addresses for your exchange account and your wallet account. Use these addresses only for these accounts and for no other purpose.
Disable automatic updates
It is always a good idea to disable automatic updates for applications related to the cryptographic sphere.
Application bugs can potentially lead to massive losses for account holders. It is best to wait 2 to 3 days after an update is released to see if any bugs appear.
Why choose AiBB?
You can securely store all your altcoins in AiBB’s smart wallet. With powerful security features such as fingerprint recognition, PIN code lock, email verification, and wallet backup you can be sure your coins are safe.
Check out our official website to find out more.
The answer, in short, is NO.
Cryptocurrency exchange can be the best way of getting coins, but many people who use them make the mistake of keeping them in the exchange wallet instead of transferring them to a private wallet.
Storing cryptographic coins on exchange wallets can be dangerous for several reasons. Let’s take a look.
1. Exchanges can be hacked
This has recently happened with Cryptopia, a New Zealand exchange.
Two months later, although the Cryptopia team is working to solve this problem, we still do not know how many customers have lost all or part of their funds.
2. The problem of not being regulated
The world of cryptocurrency is a bit like the Wild West, no one is in charge and there are not many rules.
This means that in situations, such as in the recent survey of a crypto exchange in South Korea, assets may be frozen. Although exchange owners can tell their customers that their encryption assets will remain safe, they cannot guarantee this in any way.
So, it’s better to be safe than sorry.
3. The owner of the exchange dies and takes all the coins to his grave
One of the strangest stories in history of cryptocurrency: Gerald Cotten, owner of the Canadian Quadriga Exchange, recently died while traveling to India. All the customers lost access to their funds because Cotten was apparently the only one to know the password.
P.S. This is not only unprofessional and stupid, but also so careless that it seems almost impossible. The internet therefore thinks that Cotten is much more likely to have faked his own death.
4. Zero property
You can store all the coins or tokens you buy on your exchange wallet, but you do not really own it. Exchange wallets differ from personal wallets because they are ideally “hot wallets” for trading.
If something happens during the exchange, you have no control over your coins because they are not in your custody.
So, what should you do?
Make sure you only use exchanges to exchange – that’s what they are supposed to do. The exchanges are intended for the exchange of coins, the wallets for their storage.
If you have to leave coins on the stock market, because you want to trade them or lend them, use only amounts that you can afford to lose.
Keep all your crypto-currencies in a separate wallet, such as AiBB.
About the AiBB
AiBB is a multiprotocol utility portfolio that combines the power of centralized and decentralized technology with a simple and secure mobile application. You will be able to store all your altcoins in the smart wallet safely.
With features such as PIN lock, portfolio backup, fingerprint recognition, and e-mail verification, you can be sure your chips are safe.
Crypto-currencies supported include:
• SYS • BTC • LTC • ETH • AiBe • XRP • AiBx • EOS • WAV • BCHABC • XLM.
You can download the application:
How Ai will Fuel the Future of Trading — And Stabilize the Crypto Markets
The basic steps of trading have always been the same: pick a diverse portfolio of assets to mitigate risk. Buy low. Pay attention to compound interest. Give buy and sell orders at price points that make sense for your goals and risk-tolerance. Sell high.
This predictability makes trading assets a no-brainer good-fit.
Hedge Funds Already Use Ai
Traditional markets have already caught on and have been deploying Ai for their own benefit for years. Fifty-eight percent of hedge funds say they’ve been using Ai to make trade predictions or offer advice (if not make trades automatically) for the last three years.
That number is rising. Almost 70% say they are currently using it to generate trading strategies.
A quarter of hedge funds use Ai to make the trades on their behalf, turning over the job of quickly executing on advice.
Ai hasn’t always been a smooth path toward reliable profit, however. According to Investopedia, a spring 2018 market correction meant traditionally reliable Ai indicators were overturned and Ai trades performed poorly. “Hedge funds that use Ai just had their worst month ever,” announced Bloomberg. Ai, the authors said, was partly responsible as it optimized its trade strategies for a bull market with consistent growth. It had not learned what to do when the trends changed, presenting the Ai with unknown variables and confusing metrics.
What happened in February and March? Well, Ai had never seen a sell-off in the two years of market data it was analysing to make its decisions. Then a sell-off happened. It’s these “never conceived” events that Ai cannot analyse — they’re simply not in the data it has available. It’s like Ai had been learning a chess game without knowing the rule of castling. It had never seen it, and therefore couldn’t incorporate it into the strategy. Ai is blind-sided when it doesn’t have data.
Humans can only juggle so much data, but for Ai, data means extra analysis, strategy, and the ability to interpret. Seeing all the moves before allows Ai to predict the conditions under which we see them again. And the more often we see them, the better Ai will get.
In fact, it’s gotten so good that in the midst of the sell-off, Reutersreported that commodities traders were leaving the market because superior computerized trading was fundamentally altering the market and making it too hard to spot new opportunities.
An oil trader is quoted in that article saying that the commodities market’s volatility came from “non-traditional investors and algorithmic trading.” Yet hedge managers argue injecting liquidity into their markets means more stability, not less.
Crypto Deserves Ai Tools
Crypto can benefit from Ai in the same way that traditional hedge funds have. However, the impact of Ai in crypto may be even greater given the traditional markets close. Sleep is a given. However, no one can monitor their crypto trade accounts 24/7 without the help of agency teams around the globe or automation.
The crypto market is more volatile than other markets — market cap is growing exponentially, but many coins still have low caps that allow great movement in prices and quick changes. Increasing liquidity by putting more traders in the driver’s seat, increasing participation, and offering correct information and the best strategies to all should stabilize the market, something that helps all traders and the markets themselves.
In the market today, information is rampant. It’s having bad information, or failing to interpret it correctly, that lands traders in hot water.
AiBB is committed to making sure our Ai learns from ranging markets, more stable markets, sell-offs, and strange situations until it is a master of the market.
Will they mess up as in the traditional markets? Probably. Ai can’t learn everything that’s never happened. But the longer it works, the better it gets. The market, too, gets liquidity, stability, and a more stable basis for trading.
Computers have always been great at crunching numbers with better-than-human results. We’re excited that they can now also anticipate market movement and allow us to give traders the tools to participate.
An AiBB crypto market is secure, stable, and simplified.
AiBB, the world’s smartest Ai-based crypto trading platform, announces a partnership with Iagon in order to bring users more functionality on their all-in-one crypto trading and advisement platform.
AiBB’s platform is packed with trading features including a single log-in across exchanges, a smarter Ai advisor, price accuracy, trade alerts and following pro traders. Smart contract making, wallet functionality, and banking services in the EU make a platform like no other — and now secure decentralized storage helps keep user trades safe, too.
Iagon offers proprietary encrypted, distributed storage utilizing blockchain and sharding protocols and storage will be accessible though the AiBB application. They will be able to hold IAG tokens on AiBB, increasing the functionality for traders and offering them access to Iagon’s ecosystem.
Both teams have a commitment to Ai-based systems where storage and processing power are at the heart of changing the computing world.
You can learn more about the AiBB token sale here.
You can check out Iagon’s revolutionary cloud here.
Cryptocurrency is hot. Still, with thousands of newly minted coins, companies, fluctuating prices and exchange platforms it can intimidate any would-be investor.
AiBB (pronounced Abe) is a crypto assistant designed to simplify the entire trading process for new and seasoned investors.
Founded by startup veteran Kelghe D’cruz, the blockchain-based application launches its fundraising efforts in a private token sale this month. The public pre-sale is scheduled for July 25th.
AiBB is founded on the idea that smarter is better and that its Ai should go beyond anything currently available — rivallying the tools traditional currencies use for trade advice.
In a nutshell, Aibb consolidates all the available crypto data, trends the pricing over a period and allows investors to buy and sell all within one app.
AiBB uses patent pending AI technology to make sure important deals are just a swipe away and users’ long-forgotten orders are not undermining their financial health. It uses proprietary algorithms that sift through thousands of sources, assess their accuracy, and analyze them against the market.
Tokens can be used to unlock features on the platform like coin swap, deep analysis on your portfolio, implement basic and advanced trading strategies.The utility token allows users to up their game while the voice-controlled Ai assistant is standard for all users.
AiBB has evolved in 2018 to embrace its bigger vision with a bigger team and a product beta right on the website for users to engage. A public crowd sale is scheduled for September 1. Announcements will be released at all stages of the project sale.
AiBB is an all-in-one solution that takes the smartest artificial intelligence of the fiat world and applies it to the wild west of cryptocurrency. Founded in early 2017, AiBB trades, predicts, and guards investments to make for more successful traders, all from a voice-first platform. Our Ai assistant prototype can be found at https://aibb.io/aibb-prototype/
AiBB keeps security at the fore of its own application connecting exchanges and traders for a seamless experience backed with Ai. But even without using a trade advisor, traders can take some basic steps to improve security and be more confident trading cryptocurrencies.
Cryptocurrency Security is Volatile
Just this month, two writers for The Wall Street Journal said that “cryptocurrency exchanges are getting hacked because it’s easy.” That was following a major breach in which millions were stolen by exploiting chinks in the armor of smart contracts.
But it goes to show that vulnerabilities are all the rage. They’re broadcast widely, and honestly, they can do a lot of damage to exchanges and to the reputation of the industry in general.
Too often, bystanders are tempted to watch fintech newcomers to the banking scene. They are using new currencies and lean budgets, stretching themselves thin to care for the billions in funds entrusted to them. They are, after all, only start-ups. They do not have the resources of national banks and regulatory agencies behind them, so cryptocurrency security is often lax.
But billions are at stake.
And those billions are growing.
Cryptocurrency Security is Changing the Exchanges
Cryptocurrency markets topped $800 million this year, and unlike traditional stock exchanges, they often hold coins for investors. This makes the exchanges different from typical stock markets, where coins can only be traded. It also means thieves might be able to reach coin stores and make away with millions. Further, cryptocurrency exchanges are many and multiple.
Multiple exchanges mean many logins, all with different coins and different cryptocurrency security procedures.
There are centralized exchanges, most vulnerable to hacking, but safer for users to establish ownership over their own coins. Decentralized exchanges mean peer-to-peer trades, more autonomy, fewer hacking opportunities, and also more chance users just plain lock themselves out of their investments. They’re less liquid, which dampens their ability to replace centralized exchanges entirely. Hybrid exchanges attempt to be both secure and decentralized.
Some of each type deal in crypto while some convert to traditional currencies, or FIAT currency. Thus finding the right coin pairings on the right exchange and then storing currency safely is a tough job. Traders can’t rely on decentralized exchanges and still make the most successful trades at the right time.
It gets even tougher when an investor uses multiple exchanges to find the right pairings at the best price and maintain liquidity to exchange coins for fiat and withdraw currency whenever they like. Trading becomes a security nightmare to an exponential degree.
Keeping Trading Safe
What can a would-be trader do to maximize the chance of trading successfully in all these places without falling prey to a hack? We’ve been building AiBB, an Ai-based trading platform that connects to multiple exchanges, so security’s on our minds all day. Whether or not you use our assistant, these tips will still help you protect your investment.
1. Due Diligence
It’s not high-tech, but when was the last time you checked out an offer for storage or a new wallet? Due diligence means finding evidence for the claims made in an offer and a product. If you can understand the code, great, head to GitHub and check out a project’s claims it builds security features into its product like it says it does. You can also look for evidence there are trading controls, and understand where coins go when users put them in. How do they come back out? Where are they stored? How secure are the smart contracts that control trading those coins?
2. Cold Storage
It’s not very liquid, but if you’re holding coins and not cashing out anytime soon, storing them offline is the safest way you can ensure they’re safe. Some of your investments should be set aside for longer-term holding, and there’s no reason to let these linger online.
3. Equipment Check!
When was the last time you ran anti-virus software? Are you trading on three or four different devices? A new computer, a clean software check, and vigilance online means keeping your risk low. A new phone that is used only for trading can also be a secure bet.
4. Try using an Authenticator and a Single IP VPN
Google is just one option that allows users to log in from a single IP address only. If you don’t surf with a VPN, this is an easy way to make sure all your transactions are coming from a single place and that exchanges recognize your computer and can alert you if someone tries logging in from a different device. If you do use a VPN, try a premium service with a single IP address whitelisted. Try to use a VPN. Do not trade on public internet networks.
5. Create a New Email Address for Trading
And use it. Don’t talk about the address. If the email is compromised, your trade history could be open to prying eyes who can then use your transaction history to work their way into your wallet. Make this email password strong.
6. Two words: Hardware Wallet
When trading frequently and coins can’t be in cold storage, they can be in a more secure wallet called a hardware wallet. It uses two-factor authentification to prove identity before transacting.
7. Get Better Facts
Due diligence is not about trusting people who have been watching the market. It’s about trusting thousands of data points that can come together to give actionable information that no one else can suss out of the millions of trades that occur daily. Don’t trust that a single exchange always has a decent price or that a single trader knows what they’re doing and their trades should be followed. Trust data, not traders. AiBB is helping fill this part of the security gap, searching for prices and signals across platforms. You can start to do the same to your own by following signals, reputable traders, cryptocurrency companies, and news.
Hacks are going to be less frequent with every technological advance to fill the need for greater security. Exchanges and currency issuers want value for their investors, and typically work diligently to ensure security. Ultimately, their success will be measured by a market where increasingly, newcomers feel safe and confident to trade. We’re all for that not-so-distant future.