Home Blog Page 427

Key Security Planning Considerations for Your SMB

0

In an age where fraudsters are always devising new ways to compromise personal and commercial data, it is more critical than ever to discover strategies to boost cybersecurity within your organization. So, how do you pick a cybersecurity solution that can safeguard your organization while also giving you the freedom and mobility you need to grow?

When it comes to your small or medium-sized business, cyber security is essential. Fortunately, by utilizing key security planning considerations like regular data backups, firewalls, anti-malware software, and swipe card reader systems, any SMB can be prepared for a cyber-attack.

Continue reading to learn more about key security planning considerations for your SMB, including swipe card reader systems, anti-malware software, firewalls, cyber security record keeping, and more.

What Are Considered the Top 5 Key Security Planning Considerations for Your SMB?

1. Swipe Card Reader Systems

Restricting unauthorized personnel’s access to corporate computers and accounts is one of the best ways to reduce risks in a small organization. This implies that even a trusted employee should not be given access to systems or information that they are not normally authorized to use. This is why individual logins for workers are essential, as is maintaining a policy that prohibits them from sharing their login with others.

Overall, making it more difficult to access data or equipment is one of the simplest ways to lessen the risk of theft. For example, consider installing an access control system to better limit access to certain areas of the facility.

Swipe card reader systems are also a great way to force employees to use a key card to access a specific room or files online. These security cards also work as an excellent extra measure to let the right people in and to keep the wrong people out.

2. Anti-Malware Software

It’s easy to think that your staff are aware that they should never read phishing emails, but, unfortunately, most employees still open spam emails. Considering phishing attempts entail the installation of malware on the employee’s computer when the link is clicked, anti-malware software should, therefore, be installed on all devices and the network in order to help protect both your personal and professional data.

3. Firewalls

A firewall is one of the most common lines of defence in a cyber-attack. The Federal Communications Commission (FCC), therefore, recommends that all SMBs install a firewall to protect their data from attackers.

In order to protect their online data, many businesses are beginning to install internal firewalls in addition to the traditional external firewall to give additional security.

It is also critical that employees who work from home establish a firewall on their home network. After all, providing firewall software and home network assistance helps to ensure comprehensive cyber protection and security.

4. Keep Records of Your Cybersecurity Procedures

Another key security planning consideration for your SMB includes keeping records about your information processing and storage procedures.

For example, if you utilize vendors to process information, be sure they treat it with care and keep it safe by performing the necessary due diligence. Contracts with suppliers should also contain guarantees that they will abide by all applicable national data protection laws and have the necessary safeguards in place to protect data.

To guarantee the highest security, records should be classified based on how important the information is. Take note, that various documents must also be kept for a specific period of time in accordance with privacy and information regulations, as well as compliance standards in your industrial sector.

5. Complete Regular Data Backups

Despite taking all necessary safeguards, breaches are still possible, thus it’s crucial to block as many assaults as you can. As a result, word processing files, electronic spreadsheets, databases, financial files, human resources files, and accounts receivable/payable files should all be backed up on a regular basis.

When completing these regular data backups, be careful and make sure you back up all cloud-stored data as well. For safety, it is also important to make sure a copy of your backup files are kept in a separate secure area.

One should also check their backup frequently to make sure it is operating properly so you can be sure you have the most recent copy of the document you need.

The 4 Best Payment Processing Solutions for Your Business

0

Whether you run an online business or manage a brick-and-mortar store, an all-in-one Point of Sale (POS) system can make a big difference in your business’ success. A payment processing system is a way that most businesses process credit, debit card, or digital payment transactions. A payment processing company makes it possible for a merchant to accept credit, debit, or digital payments other than cash.

From swiping a card to manually inputting information or using a contactless payment method, this encrypted payment process is tracked and managed by the payment processing entity. Payment processing services like Authorize.Net, Square, and PayPal help businesses complete credit card transactions faster. They are also a secure way to transmit financial data and funds from a customer’s bank or credit organization to the store’s account within seconds.

If you accept payments other than cash, it’s a good idea to choose a payment processing company and method that works best for you. Conducting a payment gateway comparison can help you evaluate the pros and cons of different services. Some payment processing services are separate from a retail or restaurant POS system, some companies bundle services, and others offer processing and systems in one package. Check out these 4 best payment processing solutions for your business.

1. Authorize.Net

Authorize.Net is one of the best payment processing solutions for small businesses that need an online payment processor.

Unlike some other types of payment processors, Authorize.Net is a payment gateway provider. This means that they let you accept and process customers’ payments via your website. You don’t need to send a payment link or issue an invoice. This makes it an easy and secure way to conduct your online business.

When using Authorize.Net, customers can choose from a variety of payment options. These include credit or debit cards, digital payments, or e-checks. Currently, Authorize.Net offers two service options for merchants: a standalone gateway or an all-in-one bundled service.

Even better, Authorize.Net only costs $25 per month if you have a merchant account required to use the solo payment gateway plan. In addition to the monthly fee, Authorize.Net charges $0.10 for each transaction and a $0.10 daily batch fee.

If you don’t have a merchant account, you can still use the combination plan that has both a payment gateway and a merchant account. This comes with a $25 fee per month and 2.9% and $0.30 transaction fees.

2. PayPal

If you’ve ever paid an online merchant or have an e-commerce store, you’ve probably used PayPal. PayPal is one of the biggest and most trusted names in digital payment processing solutions.

As a leader in payment processing, PayPal offers several solutions for small business owners looking to streamline their online payment process.

Accept payments through your website, send invoices, or process payments in person with PayPal’s PayPal Here option. From debit and credit cards to PayPal payments and digital payments, PayPal

gives you the option to add a checkout button to your website or connect directly to PayPal’s offsite platform.

The best thing about PayPal is that the company’s different solutions let you accept and process online payments in the way that best fits your business. For PayPal Checkout or PayPal Payments Standard, you can offer flexible, accessible, and versatile online payment processing with transaction fees of just 2.9% plus $0.30 per transaction.

3. Square

With fully integrated, end-to-end payment processing, Square is PCI compliant for safe and reliable payment services. Whether you’re processing payments in person via Square’s mobile device attachment or accepting credit cards or mobile wallets like Google Pay, Apple Pay, or Samsung Pay on your website, your customer’s financial information does not touch a separate company’s device.

It’s a good processing option for small businesses since it manages transaction authorization and fund transfers. It also has a flat-rate price without any monthly or annual fees if you choose the basic processing model.

4. Stripe

This payment processing company is one of the best and fastest-growing payment processing solutions for online businesses around the world.

One of the best things about Stripe is that it is designed for online business platforms. The service also allows different payment options. With Stripe, you can accept credit cards, digital wallets, and even international currency with a customized payment form that’s available on mobile, tablet, or desktop. You can also embed payment forms on your website, create, and issue invoices to customers for payment.

Stripe is tech-savvy and integrates well with online third-party platforms such as Shopify, 3dcart, BigCommerce, and others. Secure, customizable, integrative, and with basic flat-rate prices, Stripe won’t charge you a monthly fee. This means that you’re only charged 2.9% and $0.30 for each transaction with just a 1% fee for processing international payments.

Like these other payment processing solutions, Stripe is revolutionizing e-commerce by becoming one of the leading payment processing companies in the online space.

Simple Tips to Make Your Office Move Easier

0

Whether it’s time to expand, downsize, consolidate, or simply change your location, moving to a new office can be an exciting time for your business. However, planning to relocate can often be a time-consuming and stressful process, particularly if you have employees and lots of equipment to factor into your move. We have some useful tips to share to help you make your office move as stress-free and as successful as it can be.

Plan ahead

Moving offices, particularly if it is a big relocation, is inevitably going to cause some sort of disruption to business as usual. Poorly organised and disruptive relocation process can result in ongoing problems which might persist for long after the official move has taken place. To avoid excessive disruption to your business and ensure the move is a smooth, successful one, careful planning and organisation is essential.  

When first considering relocation, setting out a time-frame and drawing up a schedule within which to complete the move is an essential first step. Make sure these time scales are explicitly communicated to all of those involved to ensure the move stays on track. However, allowing for some flexibility can go a long way, particularly as the relocation is likely to affect different areas of your business in different ways. It might be necessary to appoint a project lead, or even set up a relocation team amongst your employees to help with easing the load of the moving process and ensuring it is a success.

Communicate with your team

Change is not always welcome, which is why good communication is instrumental to the success of any office move. It can be the difference between your employees feeling positive and motivated to offer their support to make the process as seamless as it can be, to actively working against the move and causing unnecessary delays.

Keeping your employees informed of your relocation plans as early as possible is essential to ensure any of their concerns can be addressed in the initial stages. Whether they’re concerned about the changes to their usual commute and travel time, 

parking space availability or who they may now be sharing an office with, it is important to set aside some time to address any of their concerns before the move gets underway. After all, they may highlight some things you haven’t yet considered which you can now factor into your preparation and planning stages of the move.

Consider moving in stages

Depending on your current circumstances, and whether your lease allows, it might be worth considering your office move in stages. If this is not possible, begin by packing up the items and equipment that you need to keep but don’t use that often.

To keep business disruption to an absolute minimum, essential IT equipment and files that are in daily use can be packed up at the very last minute on the actual day you’re leaving your current premises. If you require a little extra support with the handling of your IT equipment, there are professionals who can help to transfer your electronic systems swiftly and safely using carefully organised safety bundles, so you don’t have to worry about the risk of damage during the move.

Update addresses ahead of time

It will benefit you to start updating documents, both physical (i.e. business cards) and digital (i.e. letterheads/emails) in advance. If you need to order in any of the physical business stationary, get this done as early as possible to ensure these are on hand from the minute you step foot into your new office space as you never know who you might bump into!

Don’t forget to keep your clients and other business associates informed of your office relocation before you move. Listing as an announcement on your website and sending out an email are great ways to keep those who need to know informed, and will prevent any risk of confusion later down the line.

Although there are many things to consider when it comes to moving offices, it doesn’t have to be a stressful, disruptive process provided the appropriate planning and preparation goes into it. Once you have settled into your new digs, don’t forget to thank your employees for their cooperation. Have you considered a ‘moving-in’ party or lunch to celebrate?

After the successful listing, the price of the Ukrainian crypto exchange WhiteBIT’s token has surged several times

0

Europe’s largest cryptocurrency exchange of Ukrainian origin, WhiteBIT, has successfully listed its domestic token WBT. This event caused an unprecedented resonance in the cryptocurrency market. In the first hour of listing, WBT token was traded by more than 100k users from 80 countries, with the number of requests sometimes exceeding 800k per minute.

The listing of WBT, which is traded on the WhiteBIT exchange alongside USDT, not only caused frenzy among users, but also showed a steady and stable growth in the asset’s value. Trading started off at $1.9, and within hours the price of WBT had soared up to $5.5.

“With the second round of WBT token launch we have demonstrated once again a great result. I am really pleased with the result as well as with the demand and excitement shown by the cryptocurrency community towards the WhiteBIT token. I am grateful to the whole WhiteBIT team, because in purely technical terms it is not easy to keep up with such a crazy number of requests every minute, but we did it. We have proven that we are ready to implement the most ambitious initiatives and plans. I believe that WBT token holders will be happy with the benefits they have received. In fact, that is exactly what we launched the token for – to ensure user comfort,” CEO of WhiteBIT Volodymyr Nosov said.

Just to remind, on 14 August WhiteBIT exchange introduced a launchpad of its own token WBT. The exchange’s market offering proved to be in such high demand that 1 million WBT tokens issued as part of the first sale were sold out within just 15 minutes after trading started.

Reference: WhiteBIT is the largest cryptocurrency exchange in Europe. It complies with all KYC and AML requirements. It is ranked among the world”s top 2 exchanges in terms of security, based on an independent audit by Hacken, and is AAA rated. The WhiteBITteamconsistsof 500+ members.

Is DOGE Wagging its Tail Again?

0

The cryptocurrency created in 2013 as a joke by Billy Marcus and Jackson Palmer has reached new heights of popularity, even garnering endorsement by the one and only Elon Musk. Last December, when the Tesla CEO said his company’s products could be bought with Dogecoin, the coin’s value jumped. Later on in April, Musk’s agreement to buy Twitter triggered a 30% spike in the coin’s value, while other altcoins like Solana, Polkadot, and Ether saw no such exhilaration. “The market is anticipating [Musk] may incorporate Dogecoin as a payment system, hence this rally”, explained Teong Hng of Satori Research.

Near the end of May, Musk sent out a tweet that his company SpaceX would be accepting Dogecoin as payment, which saw the coin off on a rally of 4.63%, leaving it worth $0.0814 on May 28th, while its competitor Solana slumped 5.3%. This was in the same month in which crypto confidence was sorely shaken by the sudden demise of the Terra USD stablecoin. The incident highlighted the volatility inherent to crypto trading values, which depend on trader confidence. When confidence is drained away, traders tend to sell en masse, potentially spurring others to do the same, which quickly depresses the coins’ values.

Not long before this, in March 2021, consumers had been led to believe that depositing Terra coins in the crypto bank Anchor would yield huge returns of 20%, and as a result, in the year as a whole, $10 billion in Terra stablecoins were brought into existence. Despite the enormous dent to the crypto market in May 2022, when this dream evaporated, Musk’s message carried enough weight to propel DOGE against the tide, and another tweet sounded out the very next month. In late June, the CEO repeated to his followers that DOGE would be honored at Tesla and SpaceX, sending the coin up 7.9%. (This time, Solana and Polygon were also on a rally). Scaling out to see the bigger picture, don’t forget that Dogecoin was still at a 63% loss for the year at that point. Join iFOREX news as we take a deeper look into the recent story of DOGE and consider where the future might take it.

June

In mid-June, stocks in the US tumbled when the Fed hiked interest rates more than they had in tens of years, leaving the S&P 500 at a low point it last touched back in 2020. The Nasdaq 100 lost 4% on the 15th of the month. The effects of the hikes were also felt in the arena of crypto trading, where Ether lost 8.3%, adding to the 4% it had lost in the first two weeks of June. “Bitcoin today is a risk-on asset,” explained David Mercer of LMAX Group. “It’s not different from stocks. Why should anyone be surprised with the volatility?” The selloff also affected other crypto trading names like Solana, Cardano, and Dogecoin, which saw significant losses, as well as Polkadot, which was down a hefty 10%. All this contributed to the $1 trillion loss in value the crypto market had experienced so far in the year.

August

Inflation statistics in the US in August showed an improvement, which sparked the hope that the Fed would hold back on aggressive rate hikes. The result for risk assets was a rally in the second week of the month, and, in cryptocurrency trading news, the price of Dogecoin spiked by as much as 14% in five days. Shiba Inu gained a giant 40% in the same period, while Ether was holding close to $2,000 and Bitcoin near $25,000. One thing spurring the crypto market was the anticipation surrounding Ethereum’s imminent software upgrade – known as The Merge – which is expected to take place in mid-September. Dogecoin and Shiba were also working on some upgrades of their own. “Dogecoin and Shiba Inu have broken out over the weekend, clear evidence that the retail investor is back”, suggested Hayden Hughes of Alpha Impact. In terms of market cap recovery, the crypto sector had gone from a value of $875 billion on June 19th to one of $1.2 trillion by August 15th. Will the cryptocurrency trading market see an uptick come autumn? Only time will tell.

Looking Forward

Even during this cryptocurrency trading rally, however, some analysts issued warnings. The trouble with altcoins like Shiba and DOGE, said Cici Lu of Venn Link Partners, is that “When a bit of demand comes through, they hit a liquidity pocket and fly up, drawing in more speculators”. Looking at the view of Michael Purves of Tallbacken Capital back in June, we see he held that “Bitcoin’s broader picture is bearish, and perhaps our $15K target is not bearish enough”.

One thing to bear in mind about Dogecoin in particular is that it was created to function as a currency, rather than a trading instrument, and that it offers relatively low transfer costs. This might be a factor that could help it along in times ahead. Before trading on the price of DOGE and other cryptocurrency trading instruments, check out iFOREX’s educational resources library for an insightful look into all that makes crypto tick.

3 Signs you Have Pests (and What to Do About It)

0

Think you have pests on your property? Here are three sure signs that indicate uninvited critters – and what you can do about it.

There are critters in every corner of the world that roam the land seeking a warm home just like yours. Especially when the weather turns cooler, you may find those bugs, mammals, and rodents desperate for a place to live. If your home has any openings, they may well come to you. You can do things to prevent pest problems, and prevention is better than cure. However, if they are already in your home, you need to know what you can do to eliminate them.

Understanding the signs of infestation is crucial – learn more about common household pests to better protect your home.

The 3 Signs You Have Intruders

If you suspect you have an infestation, nest, or otherwise pests inside your home, some signs will give them away. Keep an eye out for the following things.

1 – Droppings

All creatures leave droppings, even tiny ones. It is the nature of pests to carry those feces all over your house, which is part of the reason pest infestations are so dangerous. Flies will land on food after landing on fecal matter, and rats and mice will dedicate an area of your house to use as a toilet before transmitting those germs through the rooms. If you have droppings, call in an exterminator. Call them quicker if you live in a hot climate and have droppings in your house. According to pest control Sydney, pests breed faster in warmer climes.

2 – Sounds and Scents

If you are trying to sleep at night and you hear a buzzing, scrabbling, or clicking tiny claws, then you have a pest problem. If you have raccoons, squirrels, or other rodents in your attic or cellar, you will hear them at night while you try to sleep. It is infuriating (like having a hamster wheel), but it’s also dangerous to let them roam free up there. What if they chew through a necessary wire?

3 – Property Damage

If you have vermin, they will chew holes in your walls and cupboards if you have slime. Termites leave dust and spots in the wood, while raccoons and more giant mammals happily chew through the plaster. Look for evidence of chewing in the food packages in your kitchen. Look for holes in the walls and cupboards, evidence that something has been trying to build a nest, and missing parts of drywall or wood.

What to do about Pests?

The best thing you can do is to hire an exterminator. Many are humane and won’t let the animals suffer. Some even catch and release elsewhere. Each pest has its treatment method. You might use a bug spray or powder for termites and an electrical system for mice. Whatever you do, don’t let the problem fester. The longer you leave it, the more damage they will do.

Six Reasons to go for That Wet Room

0

Debating a new look for your bathroom? Shower tray just not working for you anymore? Do you take in the cleaning products with impending doom?

Have you considered a wet room? They’ve become increasingly on-trend in recent years. Offering a great alternative to shower tray enclosures, they’re also incredibly practical and stylish. And without the need for a tray they are fab for maximising small spaces.

Check out the one pictured from Victorian Plumbing – yours could look this good!

Advantages of a wet room

The look: Let’s start with what appeals – the aesthetics. A wet room looks so attractive and sophisticated, and gives an air of expense. With wall-to-wall tiling and minimalist fixtures, the open design oozes simplicity and elegance.

The ultimate space saver: If you have a small bathroom, you won’t want to deal with shower trays – and if it’s smaller than that, a shower over a bath. Wet rooms are a great space-saving solution helping to create a usable space without bulky fixtures and fittings.

Great user access: If someone in your home uses a wheelchair, they will enjoy the easy access without a shower tray getting in the way. With non-slip flooring, wet rooms are also a great choice for young children or older people,

Ease of cleaning: With just a simple shower screen to clean and no grimy red mould build-up on the tray to deal with, a small tiled area is the perfect place to clean.  If you also opt for a wall-hung toilet and floating basin you would have a bathroom floor completely free from obstacles and clutter.

Durable: Wet rooms are extremely resistant to moisture damage and leaks. This results in less maintenance and will also keep your bathroom looking newer for longer. In the long run, this has the potential to save you time and money.

Simple to install: A wet room can be slightly more complex installation process than a traditional, but with a little forward planning room is not as complicated as many people might presume. For the optimum look, it’s always a good idea to visit a bathroom showroom to see how yours might look. We always recommend asking an experienced professional installer to ensure peace of mind and a fantastic end result, rather than attempting it yourself – however basic it may appear!

3 Ways to Make Your Airbnb Stand out From the Crowd

0

The market for short-rentals via Airbnb is booming. AllTheRooms reports that in 2021 alone, there were 56.9 million nights of stays booked on the platform, with an average of over 8.5 million active listings. As consumers shift further away from hoteliers and take their vacations into their own hands, Airbnb hosts look set to profit for many years to come.

Or at least they will if they play their cards right. The ever-growing popularity of listing through these platforms presents a unique problem for the owners of holiday homes: how do they stand out from the crowd?

With such a saturated market, hosts need to step up their game to keep the reviews and revenue coming in. So, if you’re a budding host looking to fill your calendar with bookings, keep reading — these are our top three ways to get your Airbnb to stand out from the crowd.

1.    Hang interesting local art

Unique artwork will give your property character that can’t be replicated anywhere else. By hanging a series of small artist pieces from your area, you can support the local art scene and add a distinct flavor to your interior design.

Be sure to choose beautiful art that captures the spirit of your neighborhood — whether inspired by its distinct scenery, architecture, or people. This way, your Airbnb will be unique to your location, while also avoiding looking overly beige or sterile. Though we tend to personalize our own home decor using family photos, this tends to be frowned upon in the world of Airbnb properties. Instead, you should look to use art to inject some personality into your interior design.

Beyond picking good art, it’s also important to make the best choice of frame, as a poor choice here can undermine your carefully curated aesthetic. The experts at Soho Frames expand upon this, advising that you should “pick a frame for the piece, not the room in which it is going to be hung. This will help you ensure that your artwork looks stunning, no matter where it is displayed.” This also works to future-proof your property so that if you move the piece, “you won’t have to recreate the old room’s design for your framed art to look great.”

2.    Use a bold color palette

A simple way to create a bold visual identity for your property is to think in color. A cohesive color story throughout your property will make it memorable to guests curating a shortlist of properties. Your first step will likely be a lick of paint — a cheap DIY fix to make, especially if you only have a small square footage to cover in city property.

Once your walls are drenched in your shades of choice, consider some complementary accents with fixtures and soft furnishings like curtains, throws and upholstery. If you’ve gone with pared-back neutral tones on the walls, consider adding some bolder pops of color here and there to breathe some life into your interiors.

Home Guides offers advice on contrasting colors in a complementary way, explaining that, for example, you could “add bright blue pillows and a vivid orange vase, and they will glow, being the brightest versions of the featured complementary pair. The same concept can be applied to other complementary pairs, such as green-gray and red, or purple-gray and yellow.”

3.    Create a unique welcome table

Beyond the standard welcome pack, a table in your property set up with local goods could make  for a rich greeting experience for your guests. This doesn’t have to be a particularly large or impressive setup, just repurpose any surface you currently have and stock it with fresh flowers and the type of things you would expect in a welcome pack.

It’s these kinds of details that incentivize repeat visits and keep the five-star reviews coming in. If your local area is particularly known for a certain kind of food, drink or other good, highlight this on your table and give guests a taste of what to expect on their stay.

This is also a way to help visitors with any queries they might have, particularly if you include things like travel guides and maps on the table. This information is especially helpful if you’re not around for the duration of their visit, allowing them to use these resources as their first port of call for questions about the area.

How Sole Traders Can Thrive in 2022

0

The life of a sole trader is at once liberating and difficult. You’ll enjoy the fact that you’re in charge of your own life and that your destiny is in your hands. Yet, you’ll also have to handle all the administration that comes with running a business on your own. In times of crisis, when the economy isn’t looking so rosy, these responsibilities can bite harder than usual. This article is about how you can not only survive but thrive over the coming months, but also use smart strategies to continue generating good money during uncertain economic times.

Fuel Card

If you don’t already have one, a fuel card is now an essential item for a sole trader. It’s by using this that you’ll be able to enjoy discounts on your fuel, VAT tracking, and an overall single place for you to track your spending on fuel, and how it’s increasing. There are several different fuel card for sole trader options – you should research them to find the one that suits you best.

This isn’t just something that’ll help you save cash and keep tabs on what you’re spending. Since prices are going up, it helps to be able to tell your customers just how much more you’re paying for your fuel – and why you’re passing that cost on to them as the consumer.

Better Jobs

There will be many consumers who would usually contact you to do a job, but they’re holding back because of the cost-of-living crisis. That means that you may have to work a little harder to find the people who are still willing to pay for your services. That shouldn’t be a problem, though, as wages in the professional service sector are keeping pace and even exceeding inflation – meaning that there are still consumers out there with cash in their pockets.

To access these customers, make sure you’re getting your name out there. Print cards to give to affluent customers and clients, and make sure you’re doing all you can to market yourself on social media and via your website.

Collaboration

When times get tough, people usually come together to help one another out. This is often the case with sole traders, who tend to look out for one another when they know there’s not a huge amount of business going around. If you make the effort to get to know other sole traders in your area, they may well contact you with a job that they’re working on, but which requires your skills.

That means that if you’re an electrician, you should certainly try to get to know a plumber, plasterer, surveyor, builder – and the rest. These networks can be a great safety net in difficult times. More than that, though, it can also mean that you’re always in touch with people who can introduce you to work, ensuring you have access to more jobs when you need them the most.

Make the rest of 2022 a profitable and pleasant time to be a sole trader with the tips shared above.

Which Cryptocurrencies Can You Trade on the Stock Market?

0

Many people want to know if it’s possible to trade cryptocurrencies on the stock market. If you’re one of them, you can find the answer directly below.

For over a decade now, cryptocurrencies have experienced worldwide popularity.

This is largely thanks to Bitcoin, which helped to bring the concept of digital currencies into the mainstream.

Since the explosion of Bitcoin, various other cryptocurrencies have entered the market. A few examples include:

  • XRP
  • Dogecoin
  • Binance Coin

Of course, not every cryptocurrency is as valuable as Bitcoin. However, as society progresses towards a digital outlook, the potential for a particular cryptocurrency to suddenly skyrocket in value is always there, which is what makes the industry so exciting.

Unsurprisingly, traders have joined the crypto party – and you might want to do the same, too. So, this raises the question:

Which Cryptocurrencies Can You Trade on the Stock Market?

Right now, cryptocurrency is independent of the stock market.

What this means is that cryptocurrencies are not traded on the stock market the same way that stocks from other entities are. You cannot directly trade any cryptocurrency – such as Bitcoin – through a stock exchange. Interestingly, though, you can use EFTs (exchange-traded funds) that can then be traded on stock exchanges, as EFTs track the prices of most cryptocurrencies.

For example, cryptocurrencies are not traded on Wall Street, largely because cryptocurrencies aren’t regulated, which makes them a ‘risky’ investment in the eyes of many traders.

Despite this, there’s a strong belief that the price of cryptocurrencies (such as Bitcoin and Ethereum) have a large influence on the stock market, but this cannot be officially verified.

The good news is that you can buy stocks in any cryptocurrency. For example, you can visit okx.com for ethereum stock prices to see if the prices appeal to you and your budget. You can also view the stock prices of various other cryptos, like the above-mentioned Bitcoin.

The most commonly traded cryptocurrencies include Ethereum, Bitcoin, and Dogecoin.

How Can I Buy Crypto Stocks?

To buy crypto stocks, you will firstly need to find a brokerage or crypto exchange. Think of these as the ‘middlemen’ between you and the cryptocurrencies.

Robinhood Markets is a popular example of a crypto exchange that millions of people use.

From there, it’s simply a case of creating an account and selecting the amount of money you wish to exchange for stocks in your desired cryptocurrency.

For example, with Bitcoin, you can invest as little as $2, which is pretty good for a beginner to try.

Are Cryptocurrencies Safe to Invest In?

Many newbies and beginners are sceptical about cryptocurrencies, as they don’t know whether they’re a safe investment or not.

The truth is that, as of 2022, cryptocurrencies are an excellent investment opportunity. It’s highly recommended, though, that you stick with either Ethereum or Bitcoin, as these are the most valuable and reliable cryptocurrencies on the market.

If you want to, you can take a risk by trading lesser-known cryptocurrencies, such as Filecoin, but this always comes with a risk, as you can never be certain how they’re going to perform on the market moving into the future.

  • bitcoinBitcoin (BTC) $ 107,480.00 0.78%
  • ethereumEthereum (ETH) $ 2,445.64 0.18%
  • tetherTether (USDT) $ 1.00 0%
  • xrpXRP (XRP) $ 2.18 1.13%
  • bnbBNB (BNB) $ 656.78 0.73%
  • solanaSolana (SOL) $ 148.64 0.19%
  • usd-coinUSDC (USDC) $ 0.999888 0%
  • tronTRON (TRX) $ 0.281820 1.22%
  • staked-etherLido Staked Ether (STETH) $ 2,443.98 0.28%
  • cardanoCardano (ADA) $ 0.560748 0.09%
  • avalanche-2Avalanche (AVAX) $ 17.56 0.45%
  • the-open-networkToncoin (TON) $ 2.82 0.46%