HomeCryptoA guide to the safe buying and trading of cryptocurrencies
A guide to the safe buying and trading of cryptocurrencies
December 20, 2022
In the aftermath of the FTX crash and its contagion, digital asset holders are rightfully concerned about the safety of their crypto assets.
In this guide, we’ll explore how you can know who to trust, and what security indicators to look for, when choosing a home for your cryptocurrency.
How to keep your cryptocurrencies safe
There are a number of boxes you need to check when deciding how to store your cryptocurrency, and any wallet or exchange provider you choose must meet the following criteria:
It has local licenses, with relevant jurisdictional approvals and registration
It does not use the native token as a means to manipulate the market valuation for excessively leveraged positions
Holds funds securely, thanks to stringent technological security measures
Maintains accurate records relating to company employees and cash reserves
Company and user funds are held separately
Subjected to regular and rigorous external audits
Complies with risk management, anti-money laundering, KYC and KYT regulatory requirements
Recently, the cryptocurrency news and analysis site Cryptomonitor specifically identified a portfolio and financial services ecosystem as a major potential contributor to restoring investor confidence.
Arbismart (RBIS) it meets all the above requirements to make it a reliable and transparent custodian for user funds. Operates with EU registration and authorization, in possession of the right licenses since it was set up in early 2019. To date, the project has never experienced an attack or security breach, and all client and company funds are held separately, so user capital can never be used for business expenses. ArbiSmart is not affiliated with FTX or any other platform and is not exploited at all. Funds are safeguarded using the strictest technological protocols and all records are meticulously maintained and kept secure.
In addition to providing a wallet that offers unmatched security to support investors during the current bear market, ArbiSmart also offers unrivaled currency trading and buying opportunities.
How to buy cryptocurrencies safely, transparently and profitably
When buying and trading cryptocurrencies, only two things really matter: the security of the transaction and the cost. As we have seen, ArbiSmart’s security credentials are clear and it has a highly transparent purchasing process.
When purchasing resources via the dashboard, you can choose from nearly 30 different FIATs and cryptocurrencies. Transaction fees are among the lowest in the industry and you can also choose to receive a 10% to 50% discount on your actual purchase.
The specific conditions for each discount option are clearly established before the purchase, including the length of the vesting period, the minimum purchase amount and, in some cases, the quantity of RBIS, the native token, which must also be it locked for the vesting period.
For example, you could choose to buy €5,000 worth of Ethereum. A table will then automatically appear showing the discount options and terms. If you choose the 20% discount you will be required to pay €4,000, aware that after the vesting period specified in the table, you will receive ETH equal to €5,000.
Once you have purchased currency with ArbiSmart and the vesting period is over, it can be withdrawn or stored in an ArbiSmart wallet savings plan, with the amount you earn determined by the plan term, currency and your account status.
Use of RBIS, the native token, is incentivized as your account tier is based on how much RBIS you hold. Hence, more RBIS means a higher interest rate on balances in Bitcoin, Dogecoin, Euro or any other supported currency. Also, if the balance is in RBIS, the interest rate will be higher. This will stimulate demand for the token, as well as the anticipated launch of a number of new utilities in early 2023, including a wallet app, a DeFi yield farming protocol with first-of-its-kind amification capabilities, a cryptocurrency exchange professional, an NFT Market and collection of exclusive NFTs. It is therefore no surprise that recent analyst projections they predict an increase in value from the value of the currency below $0.5 to $2.87 by the end of Q1 2023!
As one of the safest and most trusted players in the industry, ArbiSmart is able to go from strength to strength, even as other projects are losing ground.
If you join ArbiSmart and lock up 5,000 EUR of assets in a savings plan for min. 24 months, within 3 days of publishing this article, ArbiSmart will give you a bonus of up to 35% in your plan currency. Open a wallet nowclaiming your bonus by sending a chat request on the platform, referring to this article.
*This item has been paid for. The Cryptonomist did not write the article or test the platform.