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What is Cryptocurrency? In the previous post ("A Brief Bitcoin Introducing"), we talked about Bitcoin and its history in a few sentences. Now, here is more about the definition of Cryptocurrency and how it works. So, let us get into it.   Cryptocurrency (or "Crypto") is a virtual or digital currency or internet-based medium of exchange to utilizes Cryptography science to provide secure online transactions. Being Independent of a third party or central monetary authority such as a government or bank and using cryptographic techniques lets buy, sell, and trade Crypto securely. So, Cryptocurrencies transfer directly between two parties (it refers to the "peer-to-peer" feature) without relying on a bank or any third party. Cryptocurrency runs on decentralized public ledger technology (DLT) known as Blockchain. Blockchain manages and records transactions enforced by a disparate network of computers. Like any currency, via Cryptocurrency, you can buy goods and services. Unlike other currencies, cryptocurrencies are digital or virtual means that exist only on computers. So, all are online, and there are no bills or physical coins. The key features of Cryptocurrency; Digital: Unlike other currencies, Cryptocurrency is a virtual currency that means all are online and exist only on computers, so they are not bills or any physical coins. But like other currencies, Cryptocurrency can be used for buying and selling goods and services. Decentralized: Not being centralized on one computer, server, or a center means no one or group is behind them, such as a bank, government, or central authority. Double Spending and Trusted Third Party: Spending the same amount twice (Double Spending) is a significant problem that all payments have faced. In other words, we can say Double spending is a kind of fraud. Cryptocurrency solves this problem by removing the third party. So, there is no need for a system or company or any central authority to verify transactions. How does Cryptocurrency work? What is Blockchain?   Cryptocurrency runs on a platform known as Blockchain. As its name indicates, "Block" and "chain" is a group of connected or bounded blocks or an online ledger using cryptographic principles. Each block contains transactions verified by each computer or network member (each computer is known as a node). A new block generates by creating a transaction, and each node (also called Miner) on the network must check and verify the transaction information before being confirmed. This process is known as the Proof of Work algorithm (POW). After confirmation by nodes of the network, all transaction data adds to the Blockchain as a new block. When a new block adds to Blockchain, it becomes unforgeable and irreversible. In the end, the nodes that participate and confirm the new Block data earn a reward plus transaction fees. Holding and saving the information of transactions, being visible all processes by anyone, and being decentralized are the noteworthy features of the online ledger. Each Block consists of digital data of a transaction like a date, time, the number of coins transferred, and the sender's and recipient's public keys (wallet addresses). Each block has its own unique code that distinguishes it from other blocks. In general, this code is called Hash. Some of the most popular Cryptocurrency; There are thousands of cryptocurrencies in the market. But only some of them are most popular in the crypto market. Bitcoin: The first Cryptocurrency and the most popular one in the world. Bitcoin was founded in 2008 by Satoshi Nakamoto, who is anonymous yet, and no one knows who they are. Ethereum: The most popular Cryptocurrency after Bitcoin. Ethereum was developed in 2015 and is a Blockchain platform with its own coins, called Ether (ETH) or Ethereum Ripple, Solana, Litecoin, Ethereum, Cardano, EOS, and more are the other most known Cryptocurrency. Types of Cryptocurrencies;   There are three main Cryptocurrency types; Bitcoin, Altcoin, and Token. Bitcoin: As we mentioned before, Bitcoin is the first Blockchain. Bitcoin is covered above. Also, check the "A Brief Bitcoin Introducing" post to get more information about Bitcoin. Altcoin (Coin): Altcoins are two types; some are clones or forks of Bitcoin (Such as Litecoin), while others are new cryptocurrencies built from the beginning. In other words, these are native Blockchain means they are entirely different from Bitcoin (such as Ethereum and Ripple). Token: The third type is Token. Tokens utilize the power of other Blockchain to confirm transactions (such as NEO) and don't have their own Blockchain. Basically, tokens are used on the dApp (decentralized application), and the dApp is built on the other Blockchain. So, fees of the tokens transactions must be paid with the altcoin of that Blockchain. What does that mean? For example, if a dApp is built on Ethereum Blockchain, for each transaction of that Token, you should pay fees in ETH.  What is Fork in the Blockchain industry? We mentioned the Fork above, and before the next topic, let's see what does mean exactly Fork?The Fork is one of the terms of the Blockchain industry. As mentioned above, when a new block adds to the Blockchain, the data of that block will be unforgettable and irreversible. When a Blockchain initiates with a protocol, it keeps going on forever without changing. So, the question is, how can one change a Blockchain? By creating a copy of codes of that Blockchain, Developers can make a change in anything they want. Making changes in Blockchain can be conducted for various reasons, such as a being hacked the previous Blockchain by hackers (like Ethereum), a modification that needs to make, or a solution to disagreements at the Blockchain (like Bitcoin Cash). The two most well-known Fork in the Blockchain industry was done for Ethereum and Bitcoin. In 2016, DAO (decentralized autonomous organization) was launched on the Ethereum Blockchain. After a while, On June 17, 2016, DAO was hacked due to vulnerabilities in its codebase (a loophole in the coding). The hacker could gain access to 3.6 million ETH, worth about $50 million at the time. To restore the stolen funds, Ethereum Blockchain was hard forked by the development team behind Ethereum. But because all of the Ethereum enthusiasts did not agree with the Fork, Ethereum was split into two parts. The forked Ethereum has been kept going on with the Ethereum name, and the previous has been kept going on with the Ethereum Classic name. In 2017, the fees for transactions of Bitcoin were going to increase, so Bitcoin splits based on different user opinions about transaction history. Therefore, these splits create new versions of Bitcoin currency. How to buy Cryptocurrency The question is, how can one buy Cryptocurrency safety? To buy Cryptocurrency safely, follow our guide step by step. Step one: Choose a platform You need to choose a platform to buy Crypto. There are two platform types: a traditional broker or a dedicated cryptocurrency exchange. Traditional Broker: Because of the Growing popularity and globalization of Cryptocurrency, most brokers offer a platform for buying and selling Cryptocurrency other than stocks, bonds, and ETFs. On the Piprebate website, check the broker list to find ones that support Cryptocurrency. Also, Piprebate offers crypto rebates to its users to earn cashback on each trade they make. Cryptocurrency Exchange: Nowadays, there are too many Crypto exchanges that you can choose one that is the most suitable for you. Each Crypto exchange offers options and services which are the same or variable from other crypto exchanges. The most popular and reliable Cryptocurrency Exchange is Binance, founded in China in 2017. Binance offers low trading fees and a wide selection of trading options and order types for its traders. Check the Binance profile on PipRebate. PipRebate also provides unbeatable rebates rates for each trade you make at Binance, which will be paid daily and directly to your Binance trading account. Read more regarding Binance cashback. PipRebate also provides a high rebate for those who trade at PrimeXBT, another crypto exchange we suggest. You can find the PrimeXBT rebates here. When looking for a suitable Crypto exchange, you should notice the fees a Crypto exchange charges, the supported cryptocurrencies, the provided security features, and the offered options of storage, deposit, and withdrawal. Step Two: Fund your account After choosing the platform, the next step is creating an account on that Crypto Exchange and funding your account to trade. You can purchase crypto via fiat through your credit card, ACH transfers, or wire transfers to deposit funds. Do not forget to check which payment they support. The processing time for a deposit depends on the payment option you select. It would be best to consider that the fees vary by payment method and platform. Step Three: Set an Order If you want to buy a Cryptocurrency on the website or mobile platform of the Crypto Exchange, go to its market, select the order type, enter the amount of Cryptocurrency you want to purchase, and click on "Buy," and confirm the order. To "sell" also conduct the same process. What are Crypto wallets?   The question is; how to store Cryptocurrency? After purchasing the Crypto, you need to store and keep it to protect it from hacking and robbery. Cryptocurrency is stored securely in a physical device or online software called Crypto Wallet. Crypto wallets interface with various Blockchains enables users to send and receive digital currency and monitor their balance. Some exchange enables users to store their cryptocurrencies directly through the platform by providing wallet services. There are different wallets types like hardware wallets and software wallets (also renowned as cold and hot storage wallets). Hot Wallet: Hot wallet storage are accessible via an internet service such as Coinbase. Cold Wallet: The Cold wallet is downloaded and resides offline on a piece of hardware such as a USB drive or a smartphone. Because the cold wallet resides offline and does not connect to the internet is more secure and safe from hackers. It does not mean a Hot wallet is not safe, but because of targeted by malicious individuals and more risk of hacking is less secure than a Cold wallet. Final Words; Cryptocurrency is a virtual or digital currency. Although It is not a bill or a physical coin, it's used to buy or sell goods and services. Cryptocurrency runs on the Blockchain, which contains chains of blocks that each block consists of transaction data. The first Blockchain is Bitcoin, founded in 2008 by Satoshi Nakamoto. By growing popular Bitcoin, other Cryptocurrencies have been created nonstop so far. Ethereum, founded in 2015, is the most famous Crypto after Bitcoin. The Crypto industry keeps growing, and nothing can stop it.We tried to explain Cryptocurrency overall in a few sentences. We hope that you enjoyed it. Stay Tuned for other articles by Piprebate.

CryptoAltum Review 2022   What is CryptoAltum? CryptoAltum (operated by Techcraft Ltd company, founded in 2019) is a cryptocurrency broker that provides over 100 crypto pairs for users to trade through the renowned MetaTrader 5 platform. CryptoAltum operates by Techcraft Ltd company registered and located in the Marshall Islands. CryptoAltum is an STP (Straight Through Processing) broker and provides only one single account type that allows its users to trade in addition to Crypto, Forex, Gold, and Indices. With this only one type of account, you've access to various features such as Leverage up to 1:500, fast execution speeds, the lowest spreads, zero fees on deposits and withdrawals, Negative Balance Protection service, and free VPS service. Regulation and Security As mentioned above, Cryptoaltum is a Cyprus registered company (Company Registration Number 102090). CryptoAltum is not a regulated broker and maintains the anonymity of its users by not requiring KYC Documents to register for CryptoAltum. CryptoAltum claims that it provides the best and most advanced securities in the industry. This broker's notable and characteristic feature is that the broker uses cold storage to protect clients' funds from hackers. Multi-signatories for access to all company e-Wallets, Offline Storage in four different locations, Advanced antivirus, anti-malware, anti-keylogging software, Private Keys securely backed up, and Daily backup of all company e-Wallets are security practices of funds provided by CryptoAltum for its clients. Also, Cryptoaltum, by deploying the Negative Balance Protection mechanism, guarantees clients that their account balances will never go negative. Accordingly, Cryptoaltum ensures that working with them is safe and reliable.   Account Types of CryptoAltum Apart from the demo account and swap-free account, CryptoAltum offers only one type of account that allows you to trade leveraged CFDs in 4 instruments with variable low spreads and zero commission. Live account The broker has simplified choosing an account for traders and offers a dynamic trading account type, including everything its users may need. Accordingly, this helps traders not confuse to choosing the proper account. The main instrument of the account is cryptocurrencies, but forex, indices, and commodities are also available. The broker has also recently added Oil to its portfolio. The CryptoAltum website states that trading on cryptocurrencies is available 24/7, and trading on other instruments is available Monday to Friday. The broker uses MetaTrader 5 platform available on Desktop, Android/iOS Mobile, Web Trader, and Mac. The minimum deposit for the account is equivalent to $100. Variable spread, commission-free, and Leverage up to 1:500 are other features that Cryptoaltum provides. STP (Straight Through Processing) is the execution model that CryptoAltum operates on. All trades are executed with only market execution, no instant execution; therefore, trades are automatically filled at the best available price in the market without requotes. The other specifications of the CryptoAltum account are; access to Hedging and Scalping strategies, the ability to install Expert Advice (EA), offering micro lots depending on the instrument being traded, and offering the Negative Balance Protection and Free VPS. PipRebate provides up to a $7.8 rebate rate per round lot traded for Cryptoaltum accounts. Check the broker's profile on PipRebate to get more details on rebate rates on variable units traded. Demo account CryptoAltum provides a demo account that will expire after 30 days of inactivity. CryptoAltum's demo account is suitable for newbies and traders who want to test how this cryptocurrency broker works or try their trading strategies with no risk. To open a demo trading account on Cryptoaltum, log in to your Cryptoaltum account and click on the Trading account tab from the dashboard. Click on "demo account" to open one. Then, select the base currency you want and the Leverage you would like to have. Now, your demo account is ready. Islamic trading account Cryptoaltum offers a swap-free account. But consider that the swap-free condition is available only for FX pairs. Contact support@cryptoaltum.com to convert your account to a swap-free one. Deposit & withdrawal options The deposit method of CryptoAltum is only the wallet-to-wallet transfer which means the user should deposit its funds in only cryptocurrency from its e-wallet to its CryptoAltum trading account wallet. CryptoAltum doesn't accept fiat via debit cards, credit cards, and wire transfer methods. Supported cryptocurrency by CryptoAltum for funding are BTC, USDT, ETH, ADA, XRP, LTC, and BCH. One of CryptoAltum 's particular features is that it does not charge fees for processing deposits and withdrawals (The point you should consider is that the broker covers all processing fees, not blockchain network fees.). The method of withdrawal, like Deposit, is only via wallet-to-wallet transfer. BTC, ETH, XRP, BCH, LTC, and USDT are cryptocurrencies that CryptoAltum supports for withdrawals. Trading Platform CryptoAltum provides the MetaTrader 5 to its users, which is the most advanced and known trading technology. The offered MT5 is optimized for Bitcoin and cryptocurrency trading and supports over 60 crypto pairs, Advanced Pending Order options, Superior Trading Tools, and Advanced EA (Expert Advisors) coding using MQL5. CryptoAltum also enables full market depth (Level II Market Depth) on its MT5 platform. Trading Tools CryptoAltum provides valuable tools for its users to feel at ease in trading. These tools are Free Virtual Private Server (VPS), Leverage Margin Calculator, Economic Calendar, Crypto converter, etc. With the VPS, users can run their own automated strategies 24/7, with the fastest possible connection to the CryptoAltum trading servers. The advantages of using VPS are connection without interruption even in offline mode, automated EA trading, reduced latency, and accessing VPS from any device. If you want to see your total account leverage according to your open positions, you can use CryptoAltum's Leverage Margin Calculator. To monitor and prepare for market-moving events, such as economic indicators and monetary policy announcements, traders can add CryptoAlyum's Economic Calendar to their charts. Another tool is Crypto Converter which clients can convert cryptocurrencies including BTC, ETH, LTC, ADA, XRP, BCH, and USDT for free. CryptoAltum Customer Support If you need help or have any questions, CryptoAltum is available 24/7 via Whatsapp, LiveChat, Messengers, and Telegram. Based on PipRebate experience, they are responsive and trustworthy. Also, you can contact them at support@cryptoaltum.com. Cryptoaltum provides the FAQ that helps you troubleshoot different problems you may have. Research and Trader education By clicking on the Blog tab, you can find Market updates and Education centers that CryptoAltum provides its users. The Market Updates section updates any day other than a Saturday or Sunday. Education Center is another section on CryptoAltum's Blog where you can learn more. Bonuses and Promotions CryptoAltum provides variable bonuses and promotions that you can partake in them effortlessly. To join each of them, check the CryptoBroker broker profile on the PipRebate website. Then, go to the promotion section, we put instructions on how you can participate in the CryptoAltum promotions. For now, there are two active promotions; "Zero Fees on Deposits & Withdrawals" and "25% Bonus on every deposit". Don't miss out on them.   CryptoAltum Rebates by PipRebate What are CryptoAltum rebates? In a few words, PipRebate provides Forex and Crypto Rebates for you to earn cashback from each trade you make, despite winning or losing tradings. PipRebate has provided unbeatable rebate rates for CryptoAltum since 2019. The good news is that PipRebate recently increased rebate rates up to $7.8 for Live accounts of CryptoAltum. Therefore, you can earn our new rebate rates for your CryptoAltum account. How much is the CryptoAltum Rebate; Based on an instrument you make a trade, PipRebate offers different rebates for CryptoAltum accounts. PipRebate offers up to $7.8 per round turn lot traded and pays it daily and directly to your CryptoAltum trading account. The distinguished point is by receiving our rebate rates, your spreads and commissions at your CryptoAltum never increase, unlike some of our competitors. Therefore, with PipRebate, you make more profit and decrease the trading costs. How to receive CryptoAltum cashback on the CryptoAltum trading account; To receive CryptoAltum Rebates on your CryptoAltum trading account, send an email to partners@cryptoaltum.com containing our IB code (1205) and our name (Piprebate) to request to transfer your account under our PipRebate partner account. Then add your CryptoAltum account to your Piprebate account. But if you want to open a NEW CryptoAltum account and receive CryptoAltum cashback, follow the steps below. How to open a CryptoAltum account and receive rebates on it; To be eligible to earn CryptoAltum rebates on your trades, step one is to create a CryptoAltum account through PipRebate's link. So, go to the broker list on the PipRebate website and click on CryptoAltum. Then scroll down to see the "To Open a New Account and Receive PipRebate" section. Click on the "Open a New Live account" to create a CryptoAltum account. Signing up for the CryptoAltum account is easy, and you need only an email address. The process of creating an account takes only a few minutes. After registration, activate your account and then log in to your account. You redirect to the trading account mode page. Click on the "Live account" button, select the base currency for your live account, and the leverage you would like to have for it to open a trading live account. Step two is adding your CryptoAltum trading account to your PipRebate account to earn CryptoAltum rebates. To add your CryptoAltum account to your PipRebate account, enter your account name and account number. To know how to open a CryptoAltum account and add it to your PipRebate account, read our guidance on the CryptoAltum broker page. Final Words Briefly, CryptoAltum (Founded in 2019) is a cryptocurrency broker operated by Techcraft Ltd. (Registered and located in the Marshall Islands) and provides over 100 crypto pairs and other instruments for trades through MetaTrader 5 platform. The broker offers only one account type. Specifications of this account are Free-commissions, STP Execution, Hedging, Scalping, Automated (EA) Trading, Negative Balance Protection, Micro Lots, Free Demo accounts, One Click Trading, Free VPS, Swap-free trading, and all instruments (Crypto pairs, Forex pairs, Gold, and Indices). For more than two years, Piprebate is provided unbeatable CryptoAltum Rebates for its users. PipRebate always efforts that its users have a friendly experience through its services. The support team is here to help you step by step. If you need a query, contact us by Live Chat.