The Best Online Trading Platforms

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Using the right online trading platform specifically designed for CFDs, Forex, and cryptocurrency is crucial for success. The right platform can provide the tools, resources, and reliability needed to navigate these complex markets with confidence.

Whether you’re an experienced trader or a newcomer looking to dip your toes into these trading arenas, choosing the best platform can significantly impact your trading outcomes.

This guide will walk you through the top online trading platforms for CFDs, forex, and cryptocurrency, highlighting their key features and what makes them stand out in the crowded marketplace.

Get ready to explode your trading game with the best platforms at your fingertips.

Disclaimer: This content may contain affiliate links, which means Getsby earns a commission if you click on the link and sign up for the platform. We only recommend products and services that align with our commitment to offering our readers value and advice.

the best online trading platforms

AvaTrade – For intermediate traders

AvaTrade has a global presence and is one of the most established trading platforms. Founded in 2006, it has a 4.5-star rating on Trustpilot, making it a good option if security and convenience top your priority list.

If you’re looking for a simple platform with a range of investment options, AvaTrade delivers. Is it the most advanced? No. However, users can take advantage of helpful resources that support them when making trades.

Pros:

It’s highly user-friendly
Excellent educational resources and research tools
Free deposits and withdrawals

Cons:

Users can only take advantage of CFDs, forex and cryptocurrency trading
The platform has high fees for inactivity

eToro – For social trading

Beginners love eToro because its many features facilitate a seamless experience and provide plenty of resources. Most countries can take advantage of the platform’s zero-fee stock and ETF trades, and eToro is renowned as one of the best copy-trading platforms.

While the CFD fees aren’t great, if you want to make long-term trades and have added peace of mind, eToro is an excellent choice. It also has an averageTrustScore of 4.2 stars. Non-USD deposits also have conversion fees, which can be off-putting, but eToro has a low initial deposit rate.

Pros:

Opening brokerage accounts is easy
Innovative trading tools
No fees on ETF and stock trades

Cons:

Even though people in Europe can use eToro, its base currency is in USD
Customer service isn’t very responsive

Interactive Brokers LLC – For advanced trading

Interactive Brokers is one of Europe’s highest-rated trading platforms. Opening an online brokerage account gives you access to a range of products, including CFD, crypto, and forex trading. It’s suitable for experienced traders and has advanced tools such as trader workstations.

Opting for a lite plan also gives you low trading rates and fees for a range of ETF and stock trades. The average Trustpilot rating is 3.4, mainly attributable to its complex interface.

It’s important to remember that Interactive Brokers isn’t for beginners, but seasoned traders will find it one of the best online brokers for their needs.

Pros:

Low fees and margin rates
Ideal for advanced and self-directed traders
The platform comes with a range of tools to make managing trading accounts easier

Cons:

It’s not for beginners with limited experience in managing brokerage accounts
The customer support team isn’t very responsive

XTB – For CFD and Forex traders

XTB was initially known as one of the best CFD trading platforms, but the company recently expanded to offer users more products, including cryptocurrency and forex trading. Investors and traders can use a comprehensive suite of trading products – the xStation.

The platform is easy to navigate and offers zero commission on ETFs and stocks—as long as active traders stay below the €100,000 limit each month. Unfortunately, futures trading, mutual funds and bonds aren’t available, but the other products can give you a diversified portfolio.

The3.5-star rating isn’t great, mainly due to previous website issues and slow customer service.

Pros:

It’s easy to open an account
Speedy deposits and withdrawals
Competitive CFD products

Cons:

Inactivity for one year can result in a monthly fee
The conversion rates can be high

FxPro – For Forex trading

If you’re looking for an expansive trading platform, FxPro definitely delivers. The platform’s many features suit users of all experience levels, with MetaTrader 4 being the best option for newbies.

Another key benefit is the low initial deposit fee of just $100, which makes it one of the more affordable online brokers.

Users can choose between commodities, foreign currency, cryptocurrency trading, and other products. However, if they’d like to experiment with copy trading, they’ll have to use the cTrader platform. Overall, FxPro offers a range of benefits for new and seasoned investors alike.

The platform’s 3.9TrustScore highlights its popularity with beginners. Highly experienced traders might prefer one of the more interactive brokers.

Pros:

>Users can choose the right platform for their experience level
Enjoy a great range of CFDs
The customer service team is highly rated

Cons:

Spread betting is only available for people in the UK
The platform has inactivity fees

Things to consider when choosing online brokers:

Regulations: Check whether brokerage firms are regulated by reputable financial authorities, such as the FCA and theESMA – similar to the US Securities Investor Protection Corporation.
User Experience: If you’re new to trading, you’ll want an interface suitable for beginners. However, seasoned traders might require online brokerage accounts with advanced tools.
Products: Finding a platform that offers a range of assets lets you diversify your portfolio. However, if you’re only interested in forex or cryptocurrency, many online brokers specialise in certain products.
Fees: Each platform should list its fees and margins. Understanding the potential costs of your trade can help you find the best online brokerage platform for your budget.
Customer Support: Beginner platforms should offer seamless customer service. Advanced trading platforms might not provide as much support, as users can make informed investment decisions.
Payment Options: Some trading platforms only allow bank account transfers and charge extra for other methods. Ensure your chosen platform accepts digital wallets,virtual cards and other secure payment methods.

How to use PayPal credit safely

Whether you’re making purchases or want to send money, PayPal remains one of the top platforms. Using a credit account gives you the flexibility to make larger purchases and manage your money—as long as you know how to leverage PayPal safely.

Following these tips gives you peace of mind:

Be Vigilant: Avoid phishing attacks by carefully checking your emails and URLs. PayPal won’t ask you for sensitive information via your email account. Make sure the URL is from PayPal, as some scammers will change a letter to masquerade as the website.
Maintain Security: Install reputable antivirus and anti-malware software on all your devices. Keep this software updated to protect against the latest threats. When downloading apps, use official sources like Google Play and the App Store.
Common Sense: Never use a public WiFi network to make purchases through online retailers or check your PayPal account information.
Strengthen Your Accounts: Always use unique passwords that aren’t easy to hack. It’s also important to enable all PayPal security features.
Monitor Your Transaction History: Regularly check your PayPal transaction history and identify unauthorised purchases. You can then flag them up to the dispute services.

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Forex in 2024 and Beyond: What Does the Future Hold?

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Forex trading remains one of the best ways for traders to profit and capitalize on evolving markets. Whether you’re a seasoned trader or a novice, understanding what’s happening with forex markets helps you make smart decisions.

In this post, we’ll reveal some forex trends that will shape 2024 and beyond. From evolving currencies to political conflicts, you can stay ahead of the curve and enjoy a profitable future.

forex in 2024 and beyond what does the future hold

2024 Forex trends

If you trade forex, you’ll know one thing: making quick decisions is key to capitalizing on market trends. While these trends can change quickly, the forex market will likely experience these changes throughout 2024.

The US dollar survives

The US economy is still a defining force in global markets, and 2024 will see it continue to thrive. As the top reserve currency worldwide, the US dollar continues to perform and is a popular option for investors.

With the FED set to maintain its 3.2% inflation rate from February to May 2024, many believe the rates will stay the same or even increase. Experts also speculated that an easing in interest rates would maintain the US dollar’s stability until December.

Euro and Sterling currencies continue to struggle

Despite the cost of living crisis beginning to slow, EUR and GBP currencies will struggle to regain momentum during 2024.

The UK is dealing with the aftereffects of Brexit, while EU countries are experiencing little economic growth and high inflation, resulting in investors turning to more stable currencies ( European Commission ).

If the Bank of England and European Central Bank begin to cut interest rates, they’ll lose trajectory against more stable currencies such as USD and AUD.

Political uncertainties cause concern

The Russia and Ukraine war is still ongoing, and conflict between Palestine and Israel is increasing the risks of war in the Middle East ( The Guardian ).

An increasing possibility of Donald Trump making his presidential return and strained relations between the US and China means 2024 could cause sudden changes in the global forex market.

The continuation of emerging currencies

Emerging currencies allow traders to potentially make significant returns on their investments. In 2023, more traders chose emerging currencies with low interest and inflation rates.

Interest in undervalued currencies from countries like Brazil and Chile will continue to grow during 2024 as more traders move away from vulnerable denominations.

Funded trading continues to grow

Funded trading is leveling the playing field between those with high disposable incomes and individuals who need help entering the forex game.

Instead of depositing their own money, people can receive capital and make trades, with trading platforms taking a share of the profits. Traders who understand forex markets can make significant profits without risking their own cash.

What does the future hold?

So, now you know what 2024 looks like for forex trading, it’s time to step into the future. While nobody can know what the next five to ten years will bring to forex, the changing global economy and rise of AI could lead to the market evolving in different ways.

The move towards clean energy

Countries everywhere have committed to reducing their reliance on fossil fuels and exploring cleaner alternatives.

As with other continents, the European renewable energy market continues to grow, with Stastita projecting consistent growth in solar, wind and hydropower sectors between 2024 and 2028.

However, oil-producing and exporting countries could deal with economic downturns as the demand for fossil fuels decreases. Over time, this could reduce the value of several currencies, impacting future forex trades.

AI continues to rise

Artificial intelligence is growing rapidly, finding its place in industries worldwide—and forex is no exception. While AI has been an option for traders for some time, trading tools will allow investors to process huge amounts of data.

With accurate forecasts and the ability to assess global markets, traders can quickly isolate market opportunities and make investments.

Combined with the security and convenience of prepaid virtual cards, investors who utilise both technologies properly can significantly enhance their profitability.

Stricter regulatory frameworks

Forex trading is already subject to regulations, but the rise in technology means people are more at risk of fraud and having their personal information stolen.

With one forex breach in 2021 exposing the data of millions of customers, how the market approaches future issues will define whether it remains a popular way for investors to make money.

Some experts feel that stricter regulations will make forex trading inaccessible for some people and limit innovation, but Blockchain technology and more stringent regulations will create safe and secure platforms.

Green finance

We’ve already discussed how the move towards clean energy could impact oil-exporting countries, but what about countries that embrace sustainability?

Investors continue to move towards green finance, such as countries with environmentally friendly projects, which means countries that produce high amounts of clean energy could look forward to more investments.

Over time, these currencies will increase in value, while others might decrease. Traders will need to stay updated on the different initiatives countries have in place and capitalise on profit-making opportunities.

On the downside, the growth of green finance could make forex trading more complex for new investors—but forecasting and analysis tools will provide clarity and insights into how countries are developing.

The bottom line

Forex remains popular with traders due to its potential returns. Although the high risks associated with forex trading can result in significant losses, there’s always an opportunity for positive ROIS.

As technology grows, traders will have endless information at their fingertips, enabling them to make informed decisions. The emergence of funded trading also allows people with low funds to improve their financial futures.

Security will continue to be a threat despite the regulations in place. However, traders can protect themselves online by performing due diligence on each platform and taking steps to avoid people finding their personal information.

Choosing a Getsby Virtual Black Card allows you to invest online without linking your trading account with your banking information. Our cards are prepaid and come with numerous security features.

It takes a few minutes to apply, and once you activate your card, you can confidently invest in forex.

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Is eBay Safe?

Tips For Secure Buying and Selling on eBay

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What comes to mind when people think about online marketplaces? eBay . Since its inception in 1995, eBay has connected millions of global buyers and sellers, allowing people to buy items and build online businesses.

With over 138 million global users , eBay continues to define how people shop online, evolving from an online auction site to an e-commerce heavyweight.

Is eBay safe? In general, yes, but there are always risks associated with buying and selling online.

Discover potential threats on the platform and some top security tips for eBay transactions right here.

Understanding eBay’s safety measures

Multiple security measures are in place on eBay that both buyers and sellers can take advantage of to protect their personal information and facilitate secure transactions.Let’s explore how each works.

Buyer Protection: Buyers have security for all purchases with the platform’s buyer protection programme. If you purchase an item and don’t receive it, eBay will refund your money. The programme applies to most transactions, offering peace of mind.
Seller Protection: eBay offers safeguards against unauthorized transactions and fraudulent chargebacks, so sellers can use the site without worrying about being taken advantage of.
Feedback System : Both buyers and sellers are requested to rate each other based on transaction experience, product delivery and other core experience factors. The feedback is then used to help other buyers make informed decisions about whom they transact with.
Secure Payment Methods : eBay recommends using PayPal or credit cards for transactions, as they both have buyer protection and security measures.
Authentication Programs : If you’re buying valuable items, such as luxury watches, designer fashion, and collectables, these fall under eBay’s authentication programs. These programs verify authenticity before items reach buyers. However, it’s worth noting that some locations aren’t eligible for authentication with purchases.

Common eBay security threats and how to avoid them

Generally speaking, eBay offers advanced protection for buyers and sellers, but no platform is invincible. Most threats occur during the transaction stage, when buyers send sensitive payment information through the platform.Knowing the potential risks to your safety can protect you from fraud.

Phishing scams

Phishing scams work by compelling people to provide their personal information. For example, you receive an email from “eBay” asking you to confirm your account info and payment details. Fake payment emails and other scams can catch even the most seasoned internet users out.With machine learning and AI evolving, the latest anti-phishing capabilities are more sophisticated than ever. To protect yourself, make sure you only access eBay through the website or app as this can prevent you from falling victim to these scams.

Fake listings

Fake listings are one of the most common eBay scams. Fraudulent sellers create listings for items that don’t exist, so you’ll pay for them but never receive them.How can you avoid this? Check the seller’s reviews and feedback scores to ensure they’re legitimate.A listing page with vague descriptions or excessively low prices should raise red flags. If you find something suspicious, report it to eBay, as they’ll remove them and prevent other buyers from falling victim.

Spoofing

Spoofing falls under the “if it seems too good to be true, avoid it at all costs” rule. Scammers create fake profiles that look similar to legitimate sellers and will contact buyers after they bid on items, offering to complete the deal outside of eBay.These deals usually have massive discounts, which can be tempting. However, you’ll send the money and never receive the item.

Malware

Malware threats often contain malicious links or appear in emails. While they seem inconspicuous, downloading malware onto your device exposes your personal information and financial details to scammers.Once they have your information, they can use it to make payments, change your account details and cause significant issues. Installing anti-malware applications on your devices can prevent people from accessing your information.

The impact of eBay fraud on buyers

eBay recommends using secure payment methods, including credit cards, PayPal, Google Pay, Apple Pay, Virtual Cards, and debit cards. All of these methods have built-in security measures, including tokenisation, Two-Factor Authentication, and encryption.However, failing to leverage these security features properly can give scammers access to your bank account, digital wallets and credit card. The impact of eBay fraud on buyers can be both immediate and ongoing:

Unauthorised Charges: If you’re a victim of payment card fraud, you may notice unauthorised charges on your statements, leading to potential financial losses. You’ll need to dispute these charges with your card issuer and check whether the incident falls under the eBay Money Back Guarantee.
Identity Theft: In some cases, card fraud can be part of a larger identity theft scheme, causing more extensive personal and financial damage. People can set up accounts in your name when they have access to your personal information.

Tips for secure buying on eBay

As a buyer, you can protect your eBay account by identifying the common warning signs of fraud and taking steps to protect your personal information:

Check the seller’s feedback

Before making a purchase, always research the seller. Check what other buyers say about their experience and review the feedback score. Sellers should have high ratings and positive reviews with a long history of successful transactions. Avoid new sellers with little to no feedback.

Use secure payment methods

Always use secure payment methods such as PayPal or credit cards. Avoid Western Union transfers, money orders, or payments with no buyer protection. Using a prepaid virtual card gives you maximum security, as it doesn’t require a bank account and issues a virtual account number.

Read the description

Always check item descriptions thoroughly. Strange item descriptions are red flags, especially if they don’t mention the condition or terms of sale.

Protect your eBay account

Always use secure passwords that aren’t easy to guess. It’s also a good idea to use all available security features, including Two-Factor authentication, email or SMS verification, and one-time passcodes. All of these add security layers to your eBay account.

Monitor Communication

Maintain communication with the seller through eBay’s dedicated messaging system. Taking messages outside of eBay means the platform can’t review and document them, impacting your rights in a dispute.

The impact of eBay fraud on sellers

Many sellers start on the eBay website and then go on to build successful e-commerce brands. However, while the platform offers a ton of benefits, sellers, too, aren’t immune to security threats.

Failing to monitor your activities can result in negative feedback and profit losses.

The two things sellers should be most aware of are:

Chargebacks: When a payment card company identifies a fraudulent transaction, it often issues a chargeback to reverse it. Unfortunately, sellers lose both the payment and the item they sold.
Reputation Damage: Frequent fraudulent transactions can harm a seller’s reputation on eBay, affecting their ratings and future sales.

Tips for secure selling on eBay

Whether you’re just starting on eBay or are a seasoned seller, security breaches can happen to anyone. Following these tips ensures a safe experience for you and your buyers.

Be professional

When setting up a profile, make sure it’s professional and detailed. Providing accurate contact information and building a reputation through positive feedback instils trust in potential buyers.

Refine your listings

A fraudulent listing is vague and doesn’t accurately describe the product’s information. Always be detailed and honest in your item descriptions. Use simple item description language and use high-quality images. Mention potential defects and flaws to maintain a positive reputation.

Use tracking and insurance

All items sold through eBay should use trackable shipping methods. If you sell valuable items, investing in shipping insurance ensures proof of delivery. It can also protect you if the buyer doesn’t receive the item.

Set clear policies

Define your return policy clearly in your listings, including time frames, shipping costs, and return policies. Outlining your practices clearly is key to maintaining your reputation and avoiding buyer scams.

Be vigilant

In most cases, avoiding scams on eBay is about using common sense. Ignore buyers who make unusual requests, such as asking to pay for items away from the platform. Reporting suspicious activity to eBay maintains safety and protects the community.

Which eBay payment methods are safest?

Buyers can choose various payment methods for eBay transactions, but some are safer than others. For example, making a bank transfer might seem like the easier option, but there’s less buyer protection, and these transfers are harder to trace.The following payment methods offer the highest security levels:

PayPal

PayPal offers numerous protection policies for all types of transactions. Your payments are encrypted, shielding your identity and reducing fraud risks. Buyer protection, which usually covers eBay transactions, is also available.

Credit cards

Credit cards have strict security measures, including authentication and fraud protection. Buyers can dispute charges and receive refunds if they’re victims of a fraudulent listing. Most credit card companies use monitoring services to detect unusual transactions and alert account holders.

Managed payments

eBay’s managed payments are ideal for buyers and sellers, as they occur on the eBay platform. Users can connect their debit card, credit card, or digital wallet to make payments directly through eBay. This results in enhanced security and simplifies transactions for everyone.

Virtual cards

Opting for a virtual prepaid card protects your payments, as these cards don’t link to a bank account. Instead, you’ll preload them with funds and use the card until the balance depletes. Opting for a Virtual Black Card gives you maximum security, as they’re single-load solutions.

Stay secure and shop smart on eBay

Remember to:

Use secure payment methods
Check seller feedback for negative reviews
Stay alert to fake listings
Communicate through eBay
Use two-factor authentication and other security features

eBay will continue to be one of the go-to platforms for people looking to sell items, compare prices and grab some fantastic deals. It’s not without flaws, but technology means most people can use eBay without worrying about security.Knowing the platform’s risks and taking steps to protect your personal information ensures you can enjoy everything eBay has to offer.

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Navigating Deposits and Withdrawals for CFD & ETF Investments

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Investments are a wise way to utilise extra cash and set yourself up for a prosperous future. Contracts for Difference (CFDs) and Exchange-Traded Funds (ETFs) are popular solutions for seasoned traders and novices wanting to diversify their financial portfolios.

navigating deposits and withdrawals for cfd and etf investments

However, like all investment vehicles, ETFs and CFDs come with risks. The key to minimising these risks is understanding how to navigate deposits and withdrawals to protect your finances and reduce losses.

In this guide, we’ll explore CFD and ETF deposits and withdrawals in more detail, including the steps you should take, the best payment options for making transactions and important factors to consider.

What are the main differences between CFD and ETF investments?

Both ETFs and CFDs have distinct advantages, but the option you choose depends on your experience, investment goals, and desired degree of security.

CFD investments:

CFDs are contracts between brokers and traders, where the trader speculates on price movements of a commodity, currency, stock or other asset.
They don’t enable the trader to own the asset, as you only speculate on price movements.
Traders can control prominent positions with smaller capital, potentially resulting in more leverage.
CFDs typically have larger fees, including overnight financing and spreads.
Hold more risks for traders as they often don’t have strict regulations in place.
Make it easier to profit from changing markets, but inexperienced traders can lose a lot of money.

ETFs investments:

ETFs are traditional investment funds – or baskets of assets – on stock exchanges.
Enable you to own a portion of funds based on your investment and trades.
They come with fewer risks, as profit and losses are closely linked to asset performance. However, this also means you have less leverage.
ETFs are usually long-term investments that require minimal intervention, making them ideal for novice investors.
They come with fees, including broker charges and portfolio management, but they’re usually less expensive than CFD fees.
Most ETFs are regulated, but it’s important to check whether a specific ETF has strict regulations in place.

Depositing funds

The method for depositing funds into ETF and CFD accounts depends on the platform you’re using. Most reputable trading websites have clear instructions and learning portals that walk you through the process, but here’s some general guidance.

Understand your chosen platform

Trading platforms usually list their minimum deposit, which depends on the platform’s size and whether it accommodates novice or experienced traders. Understanding the minimum deposit amount will help you decide whether the platform suits your needs.

It will also tell you how to deposit funds and should have controls that allow you to limit your deposits.

Choose a deposit method

Brokers offer a range of deposit methods—each with benefits. The one you choose should promote safety while also providing efficient processing times. Here are the most popular options for funding your investments:

Bank accounts

Debit cards might be convenient, but they can also pose threats to your personal information. While debit card fraud in Europe is declining, it’s still a popular way for hackers to access your account details (Checkout).

Digital wallets

Digital wallets are secure solutions for making transactions and managing your money. However, they’re not immune to security breaches, and the wallets can be tricky if you’d prefer to make speedy deposits and withdrawals.

Virtual cards

If you want maximum security without compromising your personal information, a virtual card is an excellent option for online trades. These cards don’t link to a bank account; you preload them with money, meaning nobody can access your bank account information.

Withdrawing funds

Withdrawing funds from your ETF and CFD accounts is relatively simple, but you should check with the platform before doing so. Some will have minimum withdrawal amounts, which might restrict your investments.

Follow your chosen platform’s instructions

Each platform will provide instructions on when you can withdraw money and how to do so. Remember, some trading platforms are stricter than others, which means you might have to pay a fee to access your funds.

Some platforms will also have security measures in place, which means you might need to wait a few days before the funds go into your account.

Things to consider with CFD and ETF investments

When executed correctly, CFD and ETF investments can improve your financial future. However, as with all investments, there are inherent risks associated with trading platforms, and understanding them can keep you safe.

Here are some important factors to consider when dealing with ETF and CFD investments:

Know your limits

It’s easy to get carried away when investing, but seasoned traders know that highs can quickly turn into lows. Monitoring your deposits and setting clear limits can keep your money safe.

Using a prepaid virtual card for CFD and ETF deposits means you can only spend what’s on the card, which sets clear spending boundaries.

Know when to withdraw

All investment positions depend on market conditions, and withdrawing your funds at the wrong time can impact your current position. Try to limit withdrawals to when you’ll secure the best results and protect your hard work.

Stay updated with market conditions

Understanding the latest trends and monitoring economic situations is integral to protecting your investments and ensuring you change your position as and when needed.

If you plan on managing your own investments, reading industry magazines and monitoring your stocks is key to keeping your money safe.

Checking for changing markets can diversify your portfolio, as you’ll know where to invest and capitalise on new trends.

The bottom line

CFD and ETF investments are complex, but knowing how to execute them can result in significant financial gains. If you’re new to trading, using a platform that offers tutorials or working with a professional broker for optimal results is a good idea.

Whatever you choose, staying safe online is key to your overall success. A Getsby Virtual Card is a secure way to make transactions and prevent cybercriminals from accessing your personal information.

With the choice of a single-load Virtual Black Card or reusable Virtual Green Card, applying and activating your card takes just a couple of minutes. Please feel free to contact us if you have any questions.

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2024 And Future Trends In Crypto

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Ready to ride the next big wave in digital finance? In 2024 and beyond, the world of cryptocurrency will explode with groundbreaking innovations and game-changing trends!

Whether you’re a seasoned investor, a tech enthusiast, or just curious about the future of money, this article is your ticket to the front row of the crypto revolution.

We’ll explore the hottest predictions, from the rise of decentralized finance to new regulations and beyond. Buckle up and get ready to explore the exciting future of crypto, where opportunities are endless, and the landscape is constantly evolving.

The future of finance is here, and it’s more exciting than ever!

Cryptocurrency trends for 2024

The beginning of 2024 proved successful for the cryptocurrency market, with many currencies experiencing growth. As reported bySky News, Bitcoin hit its all-time high in March, with one Bitcoin buying just over £54,000.

The future looks bright for crypto traders, and knowing the following trends puts you in an enviable position.

Continued NFT market growth

Non-fungible tokens are digital assets popular in gaming, music, and art. As more people invest in the digital economy, they’re revolutionising the crypto market. Instead of real-world assets, digital ownership makes it easier for creators and collectors to connect.

The NFT market will continue to expand in line with the growing demand for digital assets.

Web 3.0 interest grows

Web 3.0 continues to prove itself as the future of the internet, allowing for more personalisation than the large corporations that currently control online presence and fund websites.

The technology allows more autonomy, as users can manage their data and interactions while setting up smart contracts in decentralized apps.

Web 3.0 is already popular for NFTs and VR platforms, but it will continue to grow and support cryptocurrencies like Helium and Ethereum blockchain.

Clearer regulations

In the past, cryptocurrencies weren’t regulated like traditional financial institutions, but their popularity means governments everywhere have introduced crypto regulation measures.

As more countries recognise the currency as legitimate, the regulatory landscape will protect investors.

Decentralized finance

DeFI (decentralized finance) is transforming the financial industry by providing financial services without traditional institutions. For example, crypto trades can boost investor confidence, while Peer-to-Peer Lending networks enable people to access loans without jumping through hoops at their banks.

DeFI relies on both cryptocurrency and blockchain networks to be successful; both have spots in the future.

Crypto and green energy

The crypto space is full of opportunities, and mining activities are moving towards sustainable practices. In the past, miners could only use point-of-work (PoW) algorithms, but new innovations such as proof-of-stake (PoS) algorithms are transforming the industry by offering energy-efficient practices.

Hardware technology is also evolving, giving crypto investors more profitability while reducing consumption.

New currencies are disrupting crypto markets

Bitcoin, Ethereum and other currencies are still popular, but new digital currencies such asSolana andCardano are set to become top crypto projects in 2024. Lesser-known crypto companies might also see growth, enabling investors to act quickly and capitalise on these trends.

Virtual cards will continue to fund cryptocurrency market trades

We all know that crypto trends change quickly, and instant transactions are key to capitalising on the market. Due to their security and convenience, virtual cards are popular tools for investors.

According toMordor Intelligence, the virtual card market will increase from $319 billion in 2024 to over $562 billion by 2029. As more cryptocurrencies become available and security concerns increase,prepaid virtual cards will rise in popularity.

What might the future hold for the crypto market?

So, now you know the top trends in 2024, it’s time to reveal what the future might hold for cryptocurrency. The market will continue to increase as more people turn to crypto and spot Bitcoin ETFs.

Let’s explore key future trends and their potential risks.

Cryptocurrency and DePINs

Decentralized Physical Infrastructure Networks are relatively new concepts but could prove definitive. These physical infrastructure networks are similar to DeFi, as they cut out intermediaries and enable individuals to receive rewards when contributing resources.

For example, the networks can provide energy and internet access services, with blockchains ensuring security. DePINs will offer tokenized assets in cryptocurrency to individuals who contribute to the networks.

We’ll see the cryptocurrency space and DepINS evolve even further in the coming years. Take a look atthese examples to get an idea of what’s to come.

Mainstream integration

The cryptocurrency industry was once regarded as a fringe movement for people who didn’t trust traditional financial institutions. However, its popularity and ability to offer security through blockchain technology means crypto isn’t just for ultra-technical people now.

We’re already witnessing a wider adoption, and crypto will soon become mainstream. For example, retailers might accept crypto payments, while freelancers are increasingly more likely to opt for cryptocurrency transactions when dealing with clients.

Crypto warfare

Despite all the benefits the crypto ecosystem offers, there are some potential risks. Crypto warfare is a growing concern, as groups under economic sanctions could use crypto to fund activities and finance conflict, leading to attacks on the military and other infrastructures.

While these concerns are significant, government entities are likely to introduce measures that tackle them. For example, addressing regulatory concerns with tracking and tracing techniques could reduce the risks of crypto warfare and protect the market.

Bitcoin ETFs will flourish

Both Spot Bitcoin ETF and Futures will provide numerous advantages for investors in the future and continue to grow globally. Bitcoin’s mainstream integration and the likelihood of stricter regulations could pave the way for investment products with lower fees and customised features.

Blockchain platforms continue to advance, which means fewer security concerns for traders. While Bitcoin ETFs are relatively new, we’ll see more interest as they become more secure and efficient.

The bottom line

The crypto industry is bursting with opportunities, and the future looks bright for investors. While security remains a concern, technology and regulations will strengthen the market and instil confidence in traders.

Investing in cryptocurrency is a wise decision for your financial stability, and it can open up a world of opportunities. Virtual cards are the smart way to keep your personal information safe while making quick decisions to benefit from trending currencies.

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How to Fund Your Forex and Crypto Trades Quickly and Securely

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Published: 13/06/24

Forex and crypto trading can be your ticket to financial success, but there’s one thing seasoned traders swear by: you’ve got to be quick and careful with your money. Markets move fast, and there’s no room for delay or doubt when your profits are on the line.

Feeling overwhelmed by all the payment options out there? Don’t worry, we’ve got you covered.

This guide cuts through the clutter to show you how to fund your trades quickly without sacrificing security. Ready to get started? Let’s jump right in!

how to fund your forex and crypto trades quickly and securely

Why are quick and secure transactions a must-have for traders?

The lucrative world of trading attracts many people who want to boost their income and make a lot of money. However, the volatility of forex and crypto markets means quick transactions are essential to your success. Completing the right trades at the right times is central to securing a positive ROI and becoming a successful trader. Unfortunately, trading platforms aren’t immune to security threats, and speedy transactions can come at a price. As the Carnegie Endowment reports, even minor security issues can cause significant breaches on forex and crypto platforms. Finding a balance between speed and security is the best way to protect your personal information and reap the rewards of trading. With that in mind, let’s explore how you can streamline your trades.

Choose a reliable platform

Before even thinking about transactions, it’s important to choose a platform that prioritises safety. The platform should be well-known and have the following features:

Compliance: Some platforms might be unsuitable for European traders, so check whether they comply with regulations in your primary country.
Security: All platforms should implement advanced security measures, including two-factor authentication and SSL certificates. It’s also a good idea to check for breaches related to the platform.
Availability: Forex platforms should offer minor, major, and exotic currency pairs, giving you more choices, while crypto platforms should focus on diversity, with a range of tokens and coins available.
Features: Lastly, check to see if the platform has educational features and risk management tools, as it demonstrates reputability.

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Select a secure payment method

While some traders use debit and credit cards to make transactions, they are associated with security risks, which can cause breaches. For this reason, many people turn to more secure methods which offer anonymity. The following solutions are popular for crypto and forex trades:

Digital wallets

Digital wallets such as Skrill, Neteller and PayPal offer a range of benefits, including fraud detection and encrypted payments. Instead of providing your card details for transactions, you can deposit funds into your account using the digital wallet. Many will also offer international transactions, ensuring more convenience with trades. However, some digital wallets have fees, which can add up when making high-value transactions. They’re also not completely immune to fraud, so you should beware of phishing scams and hacking attempts.

Virtual cards

Virtual cards are valuable tools for traders, offering superior protection and accessibility. Instead of using your debit or credit cards to make transactions, getting an online prepaid card gives you absolute anonymity. Virtual card users can load the card and use it to make transactions, then order a new card when ready. With encryption technology and no need to link your bank account, it’s safer to use trading platforms and protect your personal information. Many traders also find the cards give them more control over their finances, as they have spending limits and avoid spending too much on trades.

Ensure your trading account is secure

Using secure payment options can protect your personal information, but there are still risks associated with trading. Not securing your account could compromise your trades and result in financial losses. These tips will help you safeguard your funds:

Keep your account secure

Use strong passwords and take advantage of the platform’s security measures, including two-factor authentication. Your password should consist of a combination of letters, numbers, and special symbols and not contain information others could easily guess.

Update regularly

Trading platforms undergo regular updates to promote security and implement the latest technologies. Keeping the platform and your operating system up to date can protect you from cybersecurity breaches.

Be vigilant of phishing attacks

Phishing attacks can be challenging to spot, and attempts are becoming more sophisticated. If you receive an email from your trading platform, check the address and don’t click on any links. You can always ask the platform’s customer support team for clarification.

Streamlining transactions

You’ve spent a lot of time and effort choosing the right trades, and it’s only fitting that you should enjoy your profits. Unfortunately, some platforms are slower at processing transactions and withdrawal requests than others. Using a secure payment method can help speed up the transaction, but the following tips can also ensure funds land in your account quicker.

Adjust network fees

If you mainly deal in cryptocurrency, leveraging network fees can ensure faster processing times. All transactions must go through a confirmation process, which adds them to the blockchain, but miners prioritise which transactions are validated and added first. Adjusting your settings can increase your network fees and ensure a fast transaction—which is particularly beneficial if you’re in the middle of a time-sensitive deal. You can also decrease them and save money when it’s not an emergency, giving you more control.

Sign up for updates

Authorities on crypto and forex trading offer insights into the latest technologies and make it easier to find new transaction solutions. The industry is constantly evolving, and staying up to date with advances gives you access to speedier trades.

The bottom line

Following the tips in this post ensures nothing will get in the way of your forex and crypto trades. Once you refine your payments, you can make timely transactions and enjoy the convenience of dealing in crypto and forex. If you’re interested in exploring secure payment options, Getsby has two Virtual Cards available. These cards will keep your personal information safe and facilitate speedy transactions. Please look at our cards today or contact us with any questions. We’re always on hand to offer advice and support.

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Ensuring Transaction Security in the Digital Trading Arena

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Published: 10/04/24

The internet has made it possible for people from all backgrounds to invest and trade in stocks, crypto, forex and commodities online. Whether you’re a beginner trader or a professional, ensuring transaction security is essential.

While platforms are generally secure, there are multiple examples of cybersecurity breaches and fraud cases, with platforms and traders losing millions (Carnegie Endowment).

Protecting your online transactions is the best way to enjoy digital trading without risking your finances and personal information.

In this guide, we’ll share everything you need to know about secure payment processing and share some great tips for staying safe online.

Understanding digital trading

Digital trading is a convenient way to invest in stocks, cryptocurrency, forex, commodities and NFTs online. Before the internet took over the world, people would have to use a broker to invest and deal with hefty fees, but digital trading levelled the playing field.

As Forbes reports, digital trading apps are paving the way for new generations of traders to learn about markets and make investments. However, aside from the many benefits it offers, there are also security risks associated with digital trading.

Common threats include:

Cryptocurrency scams: With many people choosing to invest in cryptocurrency, scams that promise high returns are growing in popularity. They often lead to substantial losses.
Security breaches: Trading platforms attract hackers because they store sensitive financial information.
Ransomware and Malware: Both ransomware and malware can disrupt operations by infecting devices, and hackers can take control of your account.
Identity theft: One of the most common ways for cybercriminals to exploit the internet is by accessing their victims’ personal information. They might use this information to make transactions, apply for loans and impact your credit score.

How to stay secure trading online

While there are threats associated with digital trading, the good news is that you can take steps to mitigate them and enjoy a safe experience. The following tips are easy to implement and will give you long-term peace of mind.

Secure trading online

Choose reputable platforms

The European Securities and Markets Authority (ESMA) sets regulations and directives for financial platforms in the EU. All trading platforms must adhere to these strict guidelines and protect investors from risks.

When choosing a platform, check its website for licensing information. The platform should list its regulatory status, which often appears at the bottom of the website or on a separate page.

If you’re unsure whether a platform is regulated for European consumers, the ESMA has a warning and publications section.

Safe-proof your trading account

Remember to protect your personal information and take steps to prevent unauthorised logins. Choosing complex passwords that don’t contain easy-to-guess phrases and avoiding using the same passwords can prevent hacking attempts.

Two-factor authentication can add an extra layer of security to your account. The trading platform will send a code to your mobile or use an app to verify that you are trying to log in.

If you receive a message and you’re not trying to log in, report the potential breach immediately
and change your password.

Protect your computer and software

You might not think so, but failing to update your operating system can put your devices at risk of breaches. As IT Convergence reports, many malware and ransomware scams succeeded because of outdated systems.

Installing reputable malware detection and anti-virus software is also beneficial because they regularly scan your device for potential breaches, providing instant updates.
Monitor the platform for security alerts

Reputable trading platforms will inform their users when potential problems occur. Checking for security alerts ensures you can take action if hackers compromise the platform and prevent them from stealing your personal information.

Even if you regularly use a platform, it’s always advisable to check whether it still has a valid SSL certificate. When you type the URL, you should see a padlock icon in the address bar, which confirms that an SSL certificate is in place.

Never trade on public networks

Public WiFi can provide internet access for people with limited mobile data, but it’s unsuitable for banking and trading. Unsecured connections make it easier for hackers to access data, whereas your private network is more challenging to breach.

Trading on a secured, private network and implementing additional security measures like VPNs is the best way to invest safely.

Use prepaid virtual cards

Naturally, cybercriminals will go to great lengths to access your payment information, resulting in significant losses and emotional pain.

Using an online prepaid card instead of debit or credit cards on trading platforms prevents hackers from accessing sensitive information. These cards aren’t linked to your bank account; you’ll need to preload them before usage.

You can use the card to invest without sharing personal information that hackers could access. It also comes with encryption and Mastercard 3D Secure 2.0 for added security.

As there are no credit checks involved, it’s easy to open and use a virtual prepaid card within minutes.

Go through your account regularly

We advise going through your trading accounts regularly to check for any discrepancies. The statements will detail all of your transactions, including withdrawals. Contact customer service immediately if you notice anything unusual, and secure your account.

The bottom line

Digital trading makes investing in shares, forex, and cryptocurrency accessible to anyone, making it a beneficial way to diversify financial portfolios.

Yes, there are some risks associated with using trading platforms, but taking steps to secure your accounts can help you avoid cybersecurity threats.

To recap:

Know the risks of digital trading, and choose a platform authorised to operate within your country.
When setting up your account, implement a password that’s hard to guess and enable two-factor authentication.
Check your operating system regularly for updates and implement them. Some updates take a while, but they are integral to keeping your computer safe.
Check the trading platform for regular updates and follow your gut instinct to determine whether it’s safe.
Using a prepaid virtual card means you don’t have to provide trading platforms with your bank account details. With the Getsby Black Card, you can order up to 25 single-load cards a month, creating a safe way to enjoy digital trading.

Order your Virtual Cards online

Apply for a digital prepaid card online and receive the activation code via email within 2 minutes.

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Financial Management Tips for EFT, Forex, and Crypto Traders

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Published: 05/04/24

Whether you trade cryptocurrency, forex or EFTs (exchange-traded funds), developing and deploying a comprehensive financial management strategy is key to long-term success.

Financial management in trading is vital for minimising risk and achieving growth by having optimal position sizes. According to Moneyshow, 90% of traders frequently lose money in the markets, resulting in a cycle of instability.

However, money management can prevent these losses and protect your investments. In this guide, we’ll reveal some top tips for getting the most out of your forex, EFT, and crypto trading strategies.

What is financial management in trading?

online trading Regardless of the markets you’re trading in, volatility is part of the process. Gains can quickly become losses, and not having a strategy can put your investments at risk. Financial management is a set of rules traders set to protect their money.

While risk management looks at the potential downfalls of investing in specific markets, money management focuses on protecting your funds and preventing losses.

Stable investments always have the opportunity to turn into profits, but losses are often unrecoverable. By maximising gains and reducing losses, anyone can become a successful trader.

With that in mind, let’s explore some crucial money management tips.

Tip 1: Know your markets

EFT, forex, and cryptocurrency markets undergo significant changes due to economic events, politics, and demand. Successful traders know that staying updated with any changes is integral to managing their money effectively.

Even a small event can cause a significant downturn in the market, but on the plus side, capitalising on market alterations is a profit-making opportunity.

Staying updated with your markets makes it possible to prevent losses and go into each trade with clarity. Luckily, there are numerous publications available for traders, with the most popular options including:

Forex: FXStreet
Cryptocurrency: Bitcoin Magazine
EFT: Financial Times EFT Hub
General EU Market Updates: Reuters

These resources offer instant updates and the latest market news, letting you stay ahead of the curve and adjust your investments accordingly.

Tip 2: Determine your risk per trade

Risk per trade quantification is intrinsic to financial protection. It enables you to define how much you’re willing to lose on each trade. Some people have a high risk tolerance, while others will need to set clear stop-loss orders.

Following these steps can help you set a comfortable risk amount:

Look at your financial situation and determine how much risk you’re comfortable with.
Define a set percentage of trading capital you’re willing to risk per trade—most traders set it at between 1% and 3%.
Use the percentage and available capital to calculate your position size, then implement the stop-loss order.
Look at your trading assets and adjust the position size based on their volatility.
Regularly assess your limits and decide whether you want to adjust the strategy for better results.

Tip 3: Set strict limits

One of the most valuable tips for traders is to set realistic limits and only spend what you can afford. It’s easy to get carried away and deposit a large amount of money, but this puts you at more risk of losses.

Setting a realistic monthly loss amount ensures you’re only risking what you can afford.

For example, if you have €1,000 left over each month after your expenses, losing it won’t cause any financial issues. However, spending a large amount of your income on trading can result in significant money worries.

For this reason, many traders avoid using traditional credit and debit cards in favour of prepaid cards. They purchase a virtual card online and preload it with a set limit, which means they only spend what’s on the card, protecting their bank accounts.

Tip 4: Portfolio diversification

As the saying goes, don’t put all your eggs in one basket. The best way to prevent significant losses is to diversify your investment portfolio.

By spreading your investments across various markets, it’s easier to strike a balance between calculated risks and potential gains.

You can achieve portfolio diversification in many ways, including:

Allocations: Many traders focus on a combination of EFTs, cryptocurrency, and forex markets for a robust portfolio with greater stability.
Sectors: Making investments in different sectors is always a good idea. Investing in stable industries and emerging sectors can prove highly beneficial.
Locations: Many traders also invest in sectors and companies in different countries to reduce the impact of localised events.
Time: Market downturns can significantly impact your investments, but spreading them over different periods can prevent losses.
Companies: Again, investing in just one company means you’re relying on that company’s survival. Choosing different businesses to invest in offers more peace of mind.

Portfolio diversification will reduce some risks, but there are always potential losses when investing money.

Tip 5: Choose your platform wisely

There are plenty of trading platforms available, but not all of them offer users a secure experience. Choosing the right platform is integral to protecting your money and personal information while enjoying seamless transactions.

Reputable platforms will be fully regulated by the countries they operate within and integrate security measures. Trading services such as AvaTrade have education centres and numerous resources to help traders safeguard their investments.

Performing due diligence before signing up for a trading website gives you long-term peace of mind and transparency regarding commission costs.

Tip 6: Use technology wisely

Artificial intelligence is changing the way we work, communicate and invest. In the past, trading was only accessible to trained professionals, but robo-advisors are facilitating the democratisation of trading.

However, while machine learning has benefits, it’s not a replacement for human traders with years of experience in the industry. Relying on machine learning alone often means investors don’t recognise and appreciate the risks associated with each trade.

As Sage Journals reports, algorithmic trading can expose people to more risks, especially if they lack an in-depth understanding of the market.

Tip 7: Regularly assess your money management strategy

Trading is an ongoing process that involves ups and downs. It’s easy to become impulsive when the market experiences a downturn, but focusing on your strategy and being patient can prevent losses.

Discipline is vital for traders who want to see a return on their investments and take steps to balance their emotions during fluctuations. Once you understand how your strategies are performing, you can adapt them to suit the market.

Tip 8: Monitor for regulatory changes

Understanding your responsibilities as a trader can protect your investments and reputation. Regulations can change due to many factors, including the impact of taxes on your responsibilities.

Monitoring the markets and countries you usually invest in ensures compliance and prevents repercussions.

Prioritise money management with Getsby

Getsby makes it easy for you to stay safe online and take control of your trading account. Our Premium Virtual Mastercard – Black Edition is a single-load payment solution that lets you preload it and make transactions on your trading platform.

With a range of features, including superior security, a convenient €500 load limit and up to 25 cards a month, our Black Card aligns perfectly with your financial management plan.

Order yours online today and enjoy the safe way to invest in your future.