Stocks on a Screen

What software and hardware do I use for my crypto investments?

I leave you a detailed list of my favorites when it comes to investing in crypto,

both for buying and selling and for storing and even earning passive income.

CRYPTO BUYING/SELLING (EXCHANGES)

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COINBASE

Coinbase is the world's largest crypto trading platform. It is an American company, based in California, although it has licenses and bank accounts in Europe. It was founded in 2012. Since then, it has commercialized purchases and sales worth 150 billion dollars and accumulates 30 million users.

 

Through this platform I had my first contact with crypto. It is one of the simplest, and the best for beginners, since it offers you the possibility of buying cryptocurrencies with your credit card or through transfers from your bank account directly in euros, dollars or other local currencies. In the same way, you can sell your cryptos at any time and receive your money in your bank account. If you want to learn how to buy bitcoin step by step through this platform, take a look at this post on my blog where I explain the process in detail. On the other hand, if you use the link below, you will receive € 9.12 as a gift.

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BINANCE

Closely followed by Binance, the equivalent of Coinbase in China. The company was founded in 2017 and has grown exponentially since its birth thanks to the fact that it offers the possibility of buying and selling more than 100 cryptocurrencies (known as altcoins), some of them very small and highly volatile. Unlike Coinbase which only offers a few altcoins.

 

Its evolution hasn't stopped since then and it will likely overtake Coinbase shortly. Until recently, Binance did not allow the purchase of crypto in euros or dollars like Coinbase, so investors who wanted to invest in smaller crypto had to do so by sending bitcoins from Coinbase or equivalent platforms. However, it has recently opened up to the purchase of crypto in local currency, in addition to offering the possibility of buying futures with leverage, loans in cryptocurrencies, deposits and much more, ranking among the giants of the crypto world.

PRICE MONITORING AND CHART ANALYSIS

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TRADING VIEW

Tradingview is the quintessential platform for technical analysis. A large majority of professional investors and traders use it regularly, not only in the crypto space, but also in the stock market, commodities and other investments. In it we can keep track of the price of our investments and the analysis of daily, weekly, monthly charts, etc. In addition, it allows you to use a series of indicators such as moving averages, Fibonacci, RSI, MACD, etc. and draw trend lines, floors, and resistances.

 

For those who are not interested in technical analysis, the App may interest you, since at a single glance it offers you the possibility of seeing a list of your investments (not only crypto) and thus being able to do a regular, fast and uncomplicated monitoring of your investments.

 

Tradingview is free as long as you do not need more than 3 indicators at the same time and other limitations that are not important for the average investor.

PASSIVE INCOME (DeFi)

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CELSIUS APP

With the advent of DeFi or decentralized finance, platforms that connect people who need a loan with people who lend their crypto in exchange for an interest rate have proliferated. This is the case of Celsius Network, an American company that, in its two years of life, has more than 100,000 accounts and a portfolio of 800 million dollars.

 

Celsius is not 100% decentralized, it is managed by the creator of the voice sending protocol (VoIP) over the internet, and distributes commissions of up to 11% to its cryptocurrency depositories. Take a look at this article on my blog where I talk more in detail about the subject, and if you are interested in passive income in crypto, in the link below you have access to a $ 10 gift.

HARD WALLET OR LEDGER

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LEDGER NANO S

You already know the saying "Not your keys, not your bitcoin". Many of the exchanges that exist, including Coinbase and Binance, offer the possibility of having a wallet where you can leave your crypto, as if it were your bank account. However, no matter how many security measures these platforms take (which they take very seriously), the danger of hacking is there. Therefore, it is recommended that if you have invested an amount greater than € 300 in crypto, you buy a Ledger Nano S where you can store them without fear of hacking. This is what is known as a hard wallet, it is similar to the wallet that you carry in your pocket or purse but in the shape of a USB and the cash is in digital format.

 

You can have as many Ledgers as you want. In fact, it is advisable to have several to diversify the risk of loss. If you are interested here I leave you a link.

FUTURES

NAGA is a widely used platform for the trading of derivatives in Spain, although it originally comes from Germany and is based in Cyprus (a very pro-crypto country). In NAGA you can bet up (long) or down (short) on any type of asset, from stocks, indices, commodities, cryptocurrencies, etc. It is a way widely used by investors to take advantage of the opportunity to make money whether in rising or falling markets. In addition, it allows you to copy the sales of successful investors in what is called social trading.

 

It is important to know that the bets are with leverage, that is, the profit is multiplied x20, x10, x5 depending on the asset. Likewise, the losses can be just as large. It is a risky activity and only suitable for experienced investors.

ByBit was established in 2018. It is headquartered in Singapore with offices in Hong Kong and Taiwan. Like NAGA, ByBit offers the opportunity to buy and sell futures with leverage and allows its users to place long and short positions. However, unlike NAGA, this platform focuses solely on cryptocurrencies.

Referencing the fact that it is a risky activity again, especially given the volatility of cryptocurrencies.

 

 

DOMAINS ON THE BLOCKCHAIN

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UNSTOPPABLE DOMAINS

Unstoppable Domains is a company that manages domains (.crypto) on the blockchain network. Unlike in the Internet (domains .com .es .org .info, etc), where the authorities can close your page or censor your content without prior notice, the .crypto domains, being in a decentralized network, do not they can be censored or confiscated. In short, the point is that if you create a website, only you can upload or delete it.

 

These domains are being sold at ridiculous prices for the future. And if you have unusual enough surnames, you may be surprised that the .cryto domain with your name and surname is available (ex: pepegutierrez.cryto)

 

In addition, it allows you to replace the address of your crypto wallet (which normally consists of many numbers and letters as if it were a Wi-Fi key) with your .crypto domain and thus facilitate the sending of money. I confirm that I have already bought thebitcointale.crypto, in case you want to send me some crypto tips;)

PRICE MONITORING AND CHART ANALYSIS

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COINTRACKING

ByBit was established in 2018. It is headquartered in Singapore with offices in Hong Kong and Taiwan. Like NAGA, ByBit offers the opportunity to buy and sell futures with leverage and allows its users to place long and short positions. However, unlike NAGA, this platform focuses solely on cryptocurrencies.

Referencing the fact that it is a risky activity again, especially given the volatility of cryptocurrencies.