Black and White Cryptocurrencies: how to protect yourself​

There are many pitfalls in the financial world: offers, theft, counterfeiting, etc. The world of cryptocurrencies is also not devoid of fakes and "dirt". Many users of digital assets are interested in the legal aspect of their activities, whether it is possible not to be afraid of being blacklisted by law enforcement agencies for the presence of tokens. Answer: Yes! However, if you are the owner of a "white" cryptocurrency.

How to understand that you have not violated the law by having illegal assets in your wallet, as well as what a "black" cryptocurrency is, we will consider below.
A "black", or as it is also called a "dirty" cryptocurrency– is a token obtained or used illegally. This category can include a crypt obtained by money laundering, or simply stolen coins.
A minute of statistics: according to Chainalysis, about $3 billion is laundered through cryptocurrency in a year.
Consequences of operations with "black" cryptocurrency.
As for the state regulation of the "black" cryptocurrency, we can say with confidence that there is none. However, in some countries, for example in the USA, there is a fine for operations with "dirty" crypto. In Russia, such sanctions are not applied to crypto scammers.

Despite this, you will in any case have problems when using illegally obtained digital assets. For example, Belarusian exchanges, within the framework of Decree 8, track the entire origin of bitcoin and prevent any transactions with tokens, in case of suspicion of their legality.

What happens on the crypto exchange when a user wants to get "dirty" coins:
* Option #1. Your wallet gets blacklisted, getting branded "Suspicious", which leaves a stigma on all the assets in it. If you decide to use the services of another crypto exchange, you will not succeed. Platforms do not work with addresses suspected of fraud.
* Option No.2. Another scenario may be when it comes to a wallet on the stock exchange. It will be blocked, and the owner will be asked to explain the origin of the funds.

Any illegal actions can freeze your activities on the crypto market for an indefinite period. In turn, you will have to forget about the "black" cryptocurrency altogether, since no one will deal with it.
The algorithm for tracking the "black" crypt.
To identify "dirty" cryptocurrencies, exchanges and exchange services use special programs and bots built into the site's software. Also, some signs, such as transactions in the darknet, profits from scam projects, proven illegal transactions, and hacker attacks increase the likelihood of being blacklisted by exchanges.

Which coins can be "dirty"

Absolutely any cryptocurrencies used in illegal activities can be branded "suspicious". Bitcoin, Ethereum and other altcoins seen in illegal transactions are blacklisted automatically. However, you should not try to outsmart the system, especially if you are not able to hack the Pentagon. Many scammers think that they will be able to pull off the operation if they use software that creates anonymity of exchanges. In fact, many exchanges and exchange services fundamentally do not perform currency conversion operations when anonymity programs are detected, and are automatically equated with "black operations".

Ways to protect against the "black" cryptocurrency.

For Russia, the issue of protection from the "dirty" crypt is particularly acute. Since there is no clear law in our country that clearly regulates the activities of the cryptocurrency market, it will take a long time to wait for help in case of fraud.
A minute of statistics: according to Eset data from 01.10.2021, it is the Russian Federation that occupies the leading place in the world in the number of fraudulent transactions with cryptocurrency. Peru is in second place, the USA is in third.

The most common way to get a "black" cryptocurrency is to create a fake investment company website, luring bona fide investors with loud promises and high interest rates. At the same time, ordinary users do not have ways to check whether they are buying a "black" crypt or not. All services that are publicly available to verify the legality of cryptocurrencies do not give a one hundred percent guarantee.

The best way to protect yourself from the consequences of transactions with "dirty" assets is to conduct transactions through large legal platforms.

The FlashExchange command.Money wishes you profitable deals!

We store cryptocurrency on wallets correctly.​

In the modern world, the usual cash payment system has faded into the background. Money first switched to the card payment format, then contactless payment, and finally, you can pay for goods and services using smart watches and phones. Some countries have gone further and introduced chips containing all the data about a person, including banking products. In the meantime, some citizens live in the future, we will talk about what is included in the masses. Digital assets. Yes - yes, in 2022, the cryptocurrency has ceased to be something "alien" and all segments of the population are slowly but surely joining the movement of crypto investors. It is of course important to invest correctly, analyze and make decisions on the purchase and sale of tokens, but the ability to properly store digital assets on wallets is no less important.

What are the ways to store cryptocurrency?
Hot Wallets: This is a cryptocurrency wallet connected to the internet. As a rule, it is easier to start, configure and use in the future. However, these wallets are more prone to technical vulnerabilities, hacking, and regulation. But, despite this, such wallets are great for trading and the daily life of a trader.
Cold wallets: These are services that use keys generated by a source that is not connected to the blockchain, and therefore to the Internet. Such wallets are practically not subject to hacking by intruders, since such a wallet is offline, confidential data is offline, and only during the transaction confirmation period they are connected to the network. This is a great way to store currency in case of long-term investment.
The easiest way to get a wallet for storing cryptocurrency is to register on the exchange. However, this method is not the most secure, since you entrust the management of your data to the administration of the site.

How it works?
The access file itself is uploaded to the platform server. The user only has a backup file. In the event of a breach of information storage nodes, attackers will have full access to the funds of all clients. However, the exchange compensates for this with a large number of trading instruments, currency pairs, as well as the convenience of managing funds through payment systems.

Pros and cons of storing assets on a cold wallet.

Pros:
• Your data is protected because it is stored offline.
• All information for transactions are constantly near the owner, and can be used at any time.
Minuses:
• High risk of breakage.
• Lack of encryption, which in turn leads to the risk of being hacked by a hacker. To do this, you need to responsibly approach the choice of a cold wallet.
Cold wallet alternatives:

Paper wallet.
A paper wallet is paper on which private and public keys are printed in the form of a QR code. To use these keys, you will have to scan them. While offline, the account can accept cryptocurrency, but to send it, you need to import the private key into the client program by entering it manually or by scanning the QR code. In case of destruction or loss of the generated information, access to the wallet is lost forever.
Cold storage on PC.
This method relies on desktop applications for computers, which are still reliable.


Desktop applications are divided into two types:
1. Thick. All files are stored on the computer owner's hard drive, so you need to back up individual parts, such as wallet.dat. Also, the entire blockchain is downloaded to the computer, and the first synchronization with the network can take more than a day.
2. Slim. The information is NOT stored on the owner's computer. All transaction records are made through third-party services. Less secure.
Reliable storage facilities.
They are special services that offer services for the remote content of access files to a cryptocurrency account. The keys are stored on autonomous machines behind anti-knock doors and a Faraday cage capable of protecting against both hackers and nuclear attacks.
instead of a conclusion.
We have reviewed the safest ways to store cryptocurrencies. Of course, each user chooses where to store their digital assets. But do not forget to first familiarize yourself with all the pitfalls.

Exchange bitcoins for rubles

There can be many reasons why it is necessary to withdraw Bitcoin: profit fixing, redistribution of investment capital, the need for fiat. The exchanges are quite simple: choose the service with which the currency conversion will be performed, indicate the necessary data and voila, everything is ready.
Warnings: all transfers to banks and to bank cards are monitored. If you have performed a currency conversion operation for a large amount to a bank or card, you must confirm the replenishment. Otherwise, you can get the percentage news from the tax office.
Legalization of bitcoin exchange in Russia.
At the moment, there is no law prohibiting the exchange of cryptocurrencies. However, on the territory of the Russian Federation, you are not entitled to pay with digital assets for goods and services.
Despite the fact that there is no prohibition on the exchange of crypts, there are requirements for the exchange services themselves. The main one is that the exchanger should not be registered on the territory of the Russian Federation.
Now the only document dictating the rules for the use of cryptocurrencies is the Law on Digital Assets. It states that taxes must be paid on the income of digital currencies if the volume exceeds 600,000 rubles per month.
Methods of exchanging Bitcoin for rubles:
• Exchanges: the most common way to exchange crypts for fiat or other currencies. Exchanges provide great trading opportunities. However, if you only want to make an exchange from one wallet to another, you will need to pay a double commission when entering cash and exchanging it. Also, for exchanges, in any case, it is necessary to pass verification.
• Exchange services: the easiest way to convert currencies is to use an exchange service. Bitcoin to ruble is one of the most common pairs in the world, so you can even use foreign services. A simple interface allows even a beginner not to get confused, and verification is required only for some directions. However, the main disadvantage is the speed of operations. The average transfer time is 10 - 15 minutes, when exchanges are able to complete an exchange in 5.
• Р-2-р sites: are a mechanism that allows the user to customize the necessary terms of the deal and choose a partner for cooperation. The p-2-p site itself is your guarantor of reliability, but you will also have to pay a commission. On the other hand, where there are no commissions! The only negative is mandatory verification.
• Telegram bots: telegram - bots for currency exchange are a copy of a full-fledged exchanger or p-2-p platform and includes almost the full functionality of the "big brother". The advantages are that you can make exchanges without leaving the telegram and no verification. However, the main disadvantage is the incomplete functionality of the actions (there are no pairs that require mandatory verification).
• Payment systems: payment systems deserve a separate place in the ranking of the exchange of Bitcoin for rubles. With their help, you can buy, exchange, store digital assets. Also, some payment systems support the function of paying for goods and services. But on the territory of the Russian Federation it is prohibited. Paradox. We pay for foreign purchases.
• Crypto ATMs: these are the same payment terminals resembling ATMs for paying for mobile communications, including a device for reading the QR code of a crypto wallet. Crypto - ATMs are open source hardware exchange services. Such terminals can be found in shopping centers and public places in major US cities, El Salvador and some CIS countries. A cryptocurrency ATM allows you to buy or cash out bitcoins (BTC) or other cryptocurrencies.
Pros:
Possibility of converting currencies for cash.
Simplicity of transactions.
Round-the-clock work.
The speed of processing operations.
Minuses:
High commission.
Cash transactions are mainly supported. Cryptocurrency ATMs that work with cards are much less common.
The minimum amount of crypto - ATM in the CIS countries.

  When using services for converting currencies, do not forget the simple safety rules:
• Withdraw funds in small amounts so as not to fall under the gun of the tax authorities.
• Carefully check where to enter the wallet address. The most common scam is to catch a virus that eats up your data.
• Choose services with a good reputation.
• Study the terms and conditions of the deal.

Instead of a conclusion.
There are many different ways to exchange Bitcoin for rubles. You can try them all and find the one that suits you personally. If you are interested in cash, then cryptomats will help you. All means are worthy of attention. However, always remember to be safe.
FlashExchange.Money team wishes you profitable deals!

Coin – margined futures and how to trade them

COIN-Margin futures are reverse (inverse) contracts where cryptocurrencies are used as the underlying asset. Such contracts are quoted in USD, but the purchase / sale, as well as the calculation of profit and loss is carried out only in the crypt. Each contract is calculated as $ 100 in BTC, and $ 10 in another cryptocurrency.

The main advantage of these contracts is that you can make a profit at the expense of cryptocurrency without actually owning it.
There is also an option of crypto loans, with which you can get additional interest.

Characteristics of Coin - margined futures:

* Financing rate. To maintain the current positions of the asset, financing takes place every eight hours, i.e. in the event of a divergence of the rate with the spot market, the owners are paid positions either long or short of discrepancies.
* Expiration date of the contract. Depending on the types of contracts, they have their own validity period: day, quarter, year.
* Cryptocurrency calculus. Due to the fact that the nomination of contracts takes place in cryptocurrency, it is quite easy for beginners to join the process.
This method is suitable for long-term traders, because traders can hedge the risks of their positions without converting the currency into USDT.

How to trade Coin - margined?

So, fellow traders, be careful and do not miss the following positions, the structure of trading on different exchanges does not differ significantly from each other:

• You need to go to the "Trades" section and press the "Margin Trading" button. You will see all available trades at the moment.
* Next, press the "Cryptocurrency" trading key, do not forget to transfer the currency to the platform's wallet beforehand.
* Select the contract you are interested in. Pay attention to its expiration date.
* Decide on the type of leverage: cross - margin or fixed. The main difference is that a fixed position allows you to flexibly manage the margin balance. In turn, the cross-margin profit is divided between all open positions, or in isolated mode there is a personal isolated account, the remaining funds have an untouchable status.
* Enter the remaining items - type, price, quantity. Activate all means of protecting positions from risks.
* After all the actions performed, press the "Open Long" or "Open Short" key to buy or sell the contract. Your created orders are located in the "Positions" tab.

Coin - margined futures allow you to effectively benefit from temporary and long-term contracts. They allow you to hedge the value of crypto assets in dollars using short contracts. However, there is one main condition for making a profit – the prices of futures and spot should be approximately the same.

The FlashExchange command.Money wishes you successful deals!

Tips for beginners to invest in cryptocurrency

Cryptocurrency is a trend of our time, as well as new opportunities for investment. It is able to bring high returns, in comparison with fiat investments, but do not forget about the increased risks of the crypto industry.

Basically, the target audience of these investments are people who believe in technological progress, digital coins and the idea that one day they will replace the usual currencies. Also, digital investors include those who believe in blockchain development, prefer the reliability of information preservation and decentralization. But often those who have never dealt with cryptocurrencies want to try investing in cryptocurrencies. So, in order not to burn out in their first transaction, the FlashExchange team.Money has prepared some tips on what you should pay attention to when investing in crypto.

!This article is not an algorithm of actions, nor does it force the purchase of certain assets. Remember that it is always necessary to analyze the market yourself!

So, what should you pay attention to before investing in an asset?

• What is the project. Check out the legend and the main features.
* Explore White Papier. Get acquainted with its technical characteristics and plans for the future.
* Check the project administration. Pay attention to the background of the creators, they should not be listed as a SCAM. Don't make the same mistakes twice.
* Open source code and its automatic updating. You can check it through the Github service.
* Loud slogans about universal profit. If you are promised to make $ 2,000,000 out of 2,000 rubles in a week, do not believe it, this is fraud and often a financial pyramid.

Analysis of the project from A to Z will help you not to fall for the tricks of scammers, assess its prospects and growth in the long term.

Investments in cryptocurrency: recommendations

Tip: buy the cryptocurrency you have already chosen when it has been holding low positions for some time. It is not necessary to take the crypt at the peak. All the same, during the stabilization of the market, its price will drop.

* Develop your strategy. Relying on other people's ideas and developments, you will quickly burn out, not understanding what the problem is. However, the essence of investing in cryptocurrencies lies precisely in the fact that the specialist himself observes the positions of currencies, analyzes the growth and decline.

• If the currency has fallen or increased in price by 10% - 30% in the last day, this is normal. Another question is if the token you have chosen has added 10,000% in price in 24 hours. These changes may indicate that the currency is a "bubble" or a PUMP has been carried out.

* Before the purchase and sale operation, study the market in detail. There is a possibility that the cycle of decline may repeat as well as growth.
I make mistakes all the time, and it's very difficult to predict where the market will go. Even the most experienced traders are prone to mistakes in this area.
Where to buy cryptocurrency?

* Centralized exchanges. Exchanges headed by organizations. You grant the right to manage your information to a centralized platform. A fairly simple interface and a large set of functions.

* Decentralized exchanges. They are platforms that allow for the purchase and sale of cryptocurrencies. The main difference from centralized exchanges is that your information and funds belong to you, and you manage it yourself.

* Cryptocurrency wallets. Many cryptocurrency wallets provide an opportunity to buy digital assets. The disadvantages are the limited functionality of actions.

• P2P platforms. P2P are specialized exchanges that are guarantors of the reliability of the transaction. According to their characteristics, P2P platforms resemble centralized exchanges.

* Exchangers. Exchangers are specialized exchange platforms that provide services for the exchange of fiat money for cryptocurrency and vice versa. The advantages are simple interface and speed of operations. Also, in many areas there is no need to undergo verification, in these cases complete anonymity is preserved.

* Telegram bots. This is a mobile version of exchange services and P2P exchanges. The functionality is similar to the official version of the site of your chosen bot.

What are the types of investments in cryptocurrency?

There are several types of investments in cryptocurrency.


* Standard briefcase. The investor divides the budget allocated for investing in digital assets into several parts. For example, he sends 50% of the total budget to buy a "strong" currency. Which has been on the market for a long time and the chance of a SCAM is small. 30% percent is allocated for the purchase of medium-budget currency, which shows good x's. And 20% goes to buy a newcomer who has recently entered the market, but has great prospects. This scheme allows you to minimize the risks of losing the entire investment budget.
* Trading. Trading is a rather complicated and dangerous type of investment. The specialist studies the volatility of the market, trying to predict the course of growth and decline of digital assets. Against the background of this dynamics, the trader performs purchase and sale operations, withdrawing profits.
* Mining. In the usual sense, mining is the process of mining cryptocurrency. This method carries minimal risks. You buy equipment, install specialized programs designed for coin mining, and wait for profit. In the case of a SCAM project, you can always sell the equipment and get out at no loss.
* The DeFi protocol. This platform is a cryptobank exchange. With the help of the DeFi system, you can earn on interest from lending, and also put a deposit at a percentage.

The world does not stand still. Digital assets are inexorably gaining momentum and are striving to become on a par with fiat currencies. However, before you plunge into the crypto industry, make sure that you have fully studied the basics of this world. Money does not tolerate mistakes. We have tried to make a minimal selection of aspects for you that will help you become a successful crypto investor.
The FlashExchange command.Money wishes you a successful investment!

What it takes to trade cryptocurrency

The world of investment is always a risk. In order to predict where the exchange rate will go, it is necessary to assemble a team of "Avengers" of the world. And, unfortunately, it often happens that an inexperienced trader makes trivial mistakes on the way to a wealthy life.

The most common mistakes of investors for you were selected by the FlashExchange.Mone team based on the authoritative opinions of the crypto industry.

Go!

There is no strategy of action

Novice traders step into the world of crypto investments without a clear strategy to work on themselves. Relying on other people's ideas and developments, they quickly burn out, not understanding what the problem is. However, the essence of trading is precisely for a specialist to observe the positions of currencies, analyze the growth and decline of the market.

“If you buy currency, you are watching. I'm sure he's sitting down. I am sure that the rate will fall - sell. Invest in other instruments. "- analyst of the AMarkets department Artem Deev.

Overconfidence

Cryptocurrency is a volatile asset. A trader must understand and be prepared for the fact that the situation on the crypto market changes every second. Overconfidence will not give you billions of dollars, but it will help you to lose everything that you have been going for, perhaps for years.

Advice:

Be discreet, dear friend, never invest for the whole "cutlet".

Too active trading

Then you shouldn't make deals every free minute of your life. Experts argue that vigorous activity leads to burnout of newbie traders.

The optimal rate of transactions for novice traders will be 1 time in a couple of days or a week. This rhythm will help you analyze and move with the general rhythm of the market.

Technical analysis is not a guarantee

Technical analysis helps to understand the market situation here and now. But the forecast for tomorrow, if it does, then, alas, is not 100% correct. In the profession of a trader, you need to learn how to analyze the news of the crypto world, and understand how many degrees this or an incident can turn the crypto market.

Cover losses with a new project

If it happened that you still exited the trade with a negative effect and decided to compensate for the loss by entering a new position - stop! You should not act rashly without understanding what the problem of previous failures is. A trader's best friends are analysis and strategy. Figure out what went wrong the previous time, and then build your own plan of action!

The FlashExchange.Money team believes in you and is ready to offer currency conversion services.

Good luck!

A favorable rate and quick deals

Everyone who is somehow connected with digital assets has faced the problem of currency conversion.
How to choose the right exchange service? What guarantees do exchangers provide? And can I increase my income by cooperating with you?
All these questions come up when choosing the right platform when transferring funds.
Of course, now there are many aggregates that help solve this problem. However, it often happens that even the most proven monitoring systems cannot insure you against scammers on the network.

What to do in such cases?
1. Pay attention to the official registration of exchange services.
2. A wide selection of exchange pairs. It is not difficult to find popular translation options. However, the search for exclusive destinations can take time, and promoted monitoring does not add young exchange services that give such opportunities.
3. Verification. Verification confirms the official activity of exchange services. If the exchange operation failed, and the funds were debited from the wallet, you can file a lawsuit and solve this problem.

So, what can we offer?
FlashExchange.Money is a fairly new service for currency conversion – it has been operating since July 2020, but it has already proven itself. The exchanger is registered in the Czech Republic and operates in accordance with European legislation. At the request of the user, a document confirming the transfer operation is issued. In order to convert currencies, it is required to specify the details of the wallet / bank from which the transfer will be made (wallet or card number, full name, etc.), the recipient's details, as well as the email address to which a letter with information about the transfer and confirmation will be sent. The exchange request is carried out from 5 to 30 minutes. Some transfer directions may take up to 24 hours.

Also using FlashExchange.Money You will be able to earn extra money on the referral program. When performing a referral link operation by other participants of the exchange service, its owner receives an additional bonus - 20% of the exchanger's profit. The owner can withdraw the received amount of accruals or exchange it for cryptocurrency.