Cryptocurrency
Is Crypto Trading a Legal Activity?
When it comes to making money, perhaps nothing seems more potent than crypto trading. At least that’s what many crypto traders seem to think too.
In fact, a quick Google search for “crypto trading” or “cryptocurrency trading” brings up over 1 billion results!
In other words, there are a lot of people out there who are interested in becoming crypto traders.
But is crypto trading really a viable way to make money? Or is it just gambling?
To answer this question, we first need to define what crypto trading actually is.
Crypto trading, simply put, is the buying and selling of cryptocurrencies.
When you buy a cryptocurrency, you’re essentially betting that the price of that cryptocurrency will go up.
When you sell a cryptocurrency, you’re essentially betting that the price of that cryptocurrency will go down.
Thus, crypto trading is essentially a form of gambling.
Now, is this a bad thing?
Not necessarily.
Gambling can be fun and entertaining. And, if you’re good at it, you can make some money too.
But the important thing to remember is that gambling is a risky activity. You can win or lose money depending on how well you trade.
Thus, if you’re not comfortable with taking risks, crypto trading may not be for you.
On the other hand, if you’re comfortable with taking risks and you’re good at it, crypto trading can be a great way to make money.
How to Trade Crypto Safely
If you’re interested in trading crypto, here are a few tips to help you trade safely:
Only trade with money that you can afford to lose
This is the first thing to keep in mind when trading crypto. Crypto trading is a risky activity and you can lose money if you’re not careful.
So, only trade with money that you can afford to lose.
Do your research
Before you start trading crypto, do your research and learn as much as you can about the markets. This will help you make informed decisions and improve your chances of success.
Use a reputable crypto Trading Platform
Pick a reputable trading platform like BitQT Trading to trade on. This will help you protect your money and maximize your trading potential.
Follow your plan and stick to it
You should have a trading plan before you start crypto trading. This plan should outline the strategies that you’ll use to trade. As long as you follow your plan, you shouldn’t veer off track too much and lose money.
Get a Secure Storage for Your Crypto
Finally, make sure you have secure storage for your crypto. This will help protect your money in case something happens to your trading account.
Always use a stop-loss order
This will help protect you from losing too much money if the market moves against you. Stop-loss orders are easy to set up on most trading platforms. Always use a stop-loss order when trading crypto!
Be patient
Last, but not least, be patient. Crypto markets can be volatile and it may take time to find winning trades. Don’t get discouraged if you don’t make money right away.
In the end, whether or not crypto trading is a gambling activity is up to you. If you’re comfortable with taking risks and you’re good at it, then go for it!
In conclusion, crypto trading is a type of gambling that can be fun and profitable if you’re good at it. However, it’s important to remember that it’s a risky activity and you can lose money if you’re not careful. So, only trade with money that you can afford to lose and do your research before you start trading.
BitLine
BitLine Enhances Onboarding Experience in Collaboration with Jumio: Simplified KYC for Casino Patrons
This collaboration emphasizes convenience, security and regulatory compliance
Through the BitLine app, users can seamlessly transact with up to US$10 million in casino chips 24/7
BitLine, a pioneering provider in the integration of digital assets for direct access to casino chips, proudly announces a strategic alliance with Jumio, an industry leader renowned for its comprehensive know-your-customer (KYC) solutions.
This partnership marks a significant milestone as BitLine streamlines its onboarding process for casino patrons, ensuring a seamless and secure journey into the realm of digital asset-based payments for gaming.
The collaboration between BitLine and Jumio signifies a commitment to delivering unparalleled convenience while upholding the highest standards of security and regulatory compliance. By leveraging Jumio’s advanced technology, BitLine reinforces its dedication to building trust among users and offering a frictionless experience for individuals seeking access to casino chips via digital assets.
Richard Jones, the Chief Executive Officer for BitLine by Ibanera, expressed enthusiasm about the partnership, stating: “Trust and compliance are the cornerstones of every successful casino venture. At BitLine, our vision to innovate this industry through digital assets hinges on maintaining trust and adherence to regulations. Our collaboration with Jumio represents a monumental stride towards achieving this vision, ensuring that casino patrons transact securely and confidently through our platform.”
Echoing this sentiment, Robert E Prigge, the Chief Executive Officer for Jumio, commented: “The evolving landscape of digital assets presents endless possibilities and BitLine’s innovative approach has reshaped the casino industry. By eliminating withdrawal limitations and expanding accessibility, BitLine has ushered in a new era of gaming. We are thrilled to contribute to BitLine’s journey by providing essential elements of security and compliance.”
BitLine by Ibanera grants cryptocurrency owners unprecedented access to up to US$10 million in casino chips, 24/7/365, serving as a conduit for liquidity on the casino floor. Through the intuitive BitLine app, casino enthusiasts worldwide can initiate transactions within minutes, leveraging their digital assets to unlock funds effortlessly.
Cryptocurrency
Payhound empowers LSports with a seamless solution to receive payments
The post Payhound empowers LSports with a seamless solution to receive payments appeared first on European Gaming Industry News.
Cryptocurrency
Crypto Casino Lucky Block Partners with MMA Legend Michael Bisping
Global MMA legend Michael Bisping has signed a sponsorship deal with the fast-growing top-tier crypto casino Lucky Block.
The tie-up between the Mixed Martial Arts and UFC superstar and the premium sportsbook and casino entertainment platform is a win-win for Bisping fans and Lucky Block’s swelling customer base of highly engaged players.
This deal secures opportunities for both parties by leveraging the valuable synergies present in the colliding worlds of sports and online gaming.
Through securing the sponsorship deal with Michael Bisping, Lucky Block is joining the big league of crypto casino industry leaders who understand the business impact of top-level sports sponsorship deals.
Aligning with the world of competitive sports, Lucky Block is not only endorsing a celebrated athlete but is also tapping into the fervent sports fan base that is growing by leaps and bounds. Together, Lucky Block and Michael Bisping are bridging the gap between traditional sports and the burgeoning world of crypto-based betting.
Damian Jacobs, Lucky Block community and growth manager commenting on the sponsorship deal, said: “We are pleased to announce our sponsorship of UFC icon Michael Bisping. We believe this deal will be a powerful catalyst as we embark on the next leg of our journey to lead crypto gaming’s conquest of the online sports entertainment and betting industry.
“This partnership shows that Lucky Block can mix it up with the other industry leaders. Our sponsorship of Michael Bisping shows we understand the importance of developing and exploiting the brand projection potential at the intersection between the sports domain and the disruptive power of crypto betting.”
-
Baltics3 weeks ago
Lithuania’s Nese enters iGaming with a record sponsorship deal
-
Asia1 week ago
Onlyplay Enters into Strategic Partnership with Ritchie Rabbit
-
Africa4 weeks ago
BMM Testlabs Continues Its Expansion in Africa with New Licenses in Botswana and Nigeria to Test Land-Based and Digital Products
-
Africa4 weeks ago
KingMakers’ Nigerian operating business, BetKing, selects Genius Sports to power growth with in-play trading services
-
Conferences in Europe3 weeks ago
Altenar becomes General Sponsor of EEGS 2024
-
Latest News4 days ago
The Importance of Data Quality Review Checks in the Gaming Industry
-
EurAsia4 weeks ago
Fastex Forges Partnership with Olympionic Foundation to Boost Sports Development in Armenia
-
Press Releases2 weeks ago
OpenBet Powers Record-Breaking 100,000+ Peak Bets per Minute at Grand National 2024