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How To Trade Bitcoin

It is no news that Bitcoin is the most reliable cryptocurrency in the world. Although very volatile, its volatility is why people have managed to make the best profit out of it. The surest way to trade and to make the right decisions based on real-time insights is to use a trading platform. Most trading…

It is no news that Bitcoin is the most reliable cryptocurrency in the world. Although very volatile, its volatility is why people have managed to make the best profit out of it. The surest way to trade and to make the right decisions based on real-time insights is to use a trading platform. Most trading platforms provide statistics, graphs, and time value for the cryptocurrencies they trade. These features help buyers to make insightful decisions with their trades. In simple steps, this article aims to help you learn how to place a bitcoin trade

1. Get a Trusted Trading Site

Choosing the right trading site for you is essential. Don’t listen to suggestions based on word of mouth. Search the internet for the best bitcoin trading sites for people in your country. Not all trading platforms are accessible to everyone. When you have considered the list of possible locations, go on to read the reviews of the best bitcoin trading platforms. There, you would know the safe ones, hear others’ testimonies, know the minimum amount of deposits to be made according to your budget, understand the charges and rules, if okay for you. You may also consider user-friendly app interface and mobile options. After you have made the decision, then you move on to register.

2. Create an Account

Create an account or register on the trading website of your choice. Account creation is usually free and straightforward. For some platforms, though, the registration process can take a toll, because of the verification process. Signing up will require you to submit your name, address, and some other things, depending on your trading site. For some, the registration process is completed by verifying your Google or Facebook account. 

3. Verify Your Account

Verification processes are to ensure that trusted members are in the community of users. This eliminates the risk of fraudulent or dormant individuals. Most regulated platforms have a verification routine for users to follow. Required documents are often a picture of any of your international passport, driver’s license, or government-issued ID, and then a utility bill for address validation or bank statement. Verifying your account on a bitcoin-trading platform increases your deposit and trading limit.

4. Fund Your Trading Account

The next thing is to prove your enthusiasm for trading—deposit funds into your trading account. Although funding methods may differ from platforms to platforms, however, most platforms allow you to fund or buy bitcoin with a debit card or credit card. Direct bank transfer can also be done. If you would be using your card, all you have to do is impute the details required. Other 3rd party payment options, including PayPal and Skrill, are accepted. 

5. Place Your Trade

Having completed your deposit, move on to trading. Some trading sites offer demo accounts for newbies to learn how to place a bitcoin trade using the system’s “demo trading” feature with the real market trends. For those familiar with cryptocurrency trading, trying the demo account might not be necessary. 

Now, you can proceed to buy and sell bitcoin or other cryptocurrencies that you want to. Since this is about bitcoin, select bitcoin as your preferred trading currency. You can buy or sell. If you are new, it is always advisable to start the trade with the smallest amount, so that you don’t lose out much until you have learned enough.

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Daily Financial News

Czech Aug Industrial Production Rebounds Sharply

Czech industrial production surged in August, after falling sharply in the previous month, figures from the Czech Statistical Office showed Friday.

Industrial production expanded 13.1 percent year-over-year in August, reversing a 14.1 percent plunge in July. That was well above the 8.3 percent climb expected by economists.

On a working-day-adjusted basis, industrial production advanced 7.7 percent in August from a year ago.

Manufacturing production grew 16.6 percent, while mining and quarrying output declined by 4.6 percent.

Month-on-month, industrial production increased a seasonally adjusted 12.1 percent in August.

Separately, the statistical office revealed that construction output decreased 5.9 percent yearly in August, following a 16.3 percent slump in the prior month. Compared to July, construction output gained 0.8 percent

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Daily Financial News

New Zealand’s first Fairtrade Climate Neutral Coffee

Fairtrade have launched New Zealand’s first climate neutral coffee, which not only helps fight climate change, but also supports communities in developing countries. In partnership with Countdown, the Climate Neutral Coffee is exclusively available at Countdown as part of their Macro brand.

Fairtrade Climate Neutral Coffee means that the coffee production, from the farm right through to the supermarket shelf, has no negative impact on the climate. To achieve this, all participants in the supply chain first work to reduce their emissions and then offset the remaining emissions through the purchase of carbon credits from Fairtrade coffee farmers.

The carbon credits are generated by climate projects in Fairtrade farming communities, such as reforestation projects in Peru, the country where the coffee originates. These initiatives help Fairtrade farmers not only to combat the impact of climate change but also to earn additional income from the sale of their carbon credits.

Countdown partnered with Fairtrade Australia & New Zealand to develop the Climate Neutral Coffee exclusively for their Macro Organic range. The innovative product maintains Countdowns commitment to providing great quality products, while also helping to minimise their impacts on the environment.

James Walker, Countdown General Manager of Corporate Affairs says, “We’re pleased to extend our range of Fairtrade certified products, and be the first to launch a Climate Neutral Coffee in New Zealand.

“Demand for certified products continues to increase and this launch showcases our commitment to providing ethical and sustainable choices to our customers. The range is not only quality Arabica coffee, but it is also organic, Fairtrade certified and Climate Neutral.”

“With stores all around New Zealand, doing our bit to reduce our carbon footprint and operate sustainably is something the Countdown team is passionate about. In June this year we won the Ministry for the Environment’s Green Ribbon award in the ‘Resilience to Climate Change’ category for our work in increasing our energy efficiency and reducing our carbon emissions. We are actively working to improve how we do business to reduce the impact we have on the environment.

Molly Harriss Olson, CEO of Fairtrade New Zealand says, “We applaud Countdown for being a market leader in sustainability and are proud to partner with them on this innovative range. By choosing Fairtrade products, consumers are supporting a global system which is empowering and enabling 1.65 million farmers in 74 countries to adapt to climate change,” says Mr Walker.

“What makes Macro Fairtrade Climate Neutral Coffee truly unique is that the carbon compensation also takes place in the Fairtrade coffee supply chain. This means that Fairtrade farmers and their communities are benefitting from a fair price for their coffee as well as additional income from the carbon credits.”

All Fairtrade Carbon Credits are certified by Gold Standard, an organisation specialising in climate security and sustainable development. Gold Standard works to maximise the impact of climate and development interventions by creating robust standards for responsible management of the planet’s resources. Together Fairtrade and Gold Standard are uniquely placed to play a part in the global response to climate change

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Daily Financial News

ECB Minutes show no indication of exit discussion – MUFG

Derek Halpenny, European Head of GMR at MUFG, suggests that the release of the minutes from the September ECB policy meeting were pretty clear with the focus still very much on ensuring continued monetary stimulus.

Key Quotes

“The minutes stated that “there should be no doubt” that the Governing Council is determined to execute asset purchases and also emphasised that it would adopt further measures as required to reach its price stability goal. The minutes also showed that the Governing Council felt it was “crucial” to maintain the high level of monetary accommodation.

Add to that, we had comments yesterday from key ECB Council members to emphasise the maintenance of the current stance. Executive Board member Praet stated that recovery would stall if stimulus was removed prematurely while Constancio was more direct stating that the report on the ECB nearing a taper consensus was simply not correct.

So the stance of the ECB is unlikely to change and we maintain that the ECB will extend QE in December at the current pace with alterations recommended by staff committees allowing for an extension. While that in itself might not drive the euro weaker, it certainly limits the upside as we move toward that key meeting in December.”

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