Archive 2020

Considerations When Choosing a Cryptocurrency Exchange

crypto exchanges

When cryptocurrency was first introduced, it was valueless. Many people we reluctant to invest in cryptocurrency because of the uncertainty associated with it by then. A decade later, digital currencies are one of the most valuable assets you can own. Many people have signed up for various cryptocurrency exchanges as they strive to gain from digital currency trading.

Blockchain technology has made cryptocurrencies to be even more popular.Although there are many challenges with the traditional financial system, blockchain helps eliminate all those downsides. You can try your hand in digital currency trading and deal with several assets like Swyftx all assets for trading, quite a wide range of products to deal with.

Below are some of the things you may use to choose the best cryptocurrency exchange:

Trading Fees

the trading feesBefore signing up for a cryptocurrency exchange, first, check on the trading fees. There are many exchange sites out there, and you do not register with the first one you stumble upon. If you take your time to examine the various exchanges available in your country, you might note significant differences in trading fees.
If you settle for an exchange charging a higher rate of trading fees, you might end up losing a lot every time you trade. After some time, this can pile to a huge amount which is not good for any investor, especially those who donot hold cryptocurrencies for a long time. Make sure you also check whether there are any other hidden charges.

The Cryptocurrencies Traded

consider the crypto assets availableBitcoin was the first digital currency. We now have a lot of digital currencies with bitcoin and ethereum being the most popular ones. The majority of the crypto exchanges available allow you to trade in major digital currencies like bitcoin, ripple, ethereum, and litecoin.
Several other digital currencies also can be very beneficial to investors. As such, it would help to check on the exchange you have chosen to make sure it offers a wide range of digital currency options and not just the popular ones.

Availability in Your Country

There are several trustworthy and reliable cryptocurrency exchange sites, but unfortunately, not all of them may operate in your country. Every country has its regulations governing digital currency trading, which is why some exchanges cannot be found globally.

That is why you need to check whether an exchange is available in your country before signing up. Additionally, you should also find whether the business accepts deposits of your local currency. You can also search online for the top cryptocurrency exchanges in your country.


Tips to Get a Business Loan

business loan

Getting a business loan is not an easy task. However, that does not mean you cannot get the capital you require to take your business to another level. Therefore, you need to have everything the lender requires to increase your chances of success. You can speed up the process and make the application go smoothly.

Prepare Your Documents

In the business world, transparency into your financial state is a must. You can make the application process more seamless if you keep your financial, tax, and accounting records accurate and up-to-date. Ensure your business has a system that keeps everything organized. If you do not have an accountant, you should hire one.

Maintain Good Credit

As far as keeping track of your important documents, ensure you pay the bills on time. You ought to meet your credit criteria, so it is vital to have good credit. Make sure you avoid bankruptcies, foreclosures, late payments, and charge-offs. Although banks have varying credit requirements, good credit ought to be part of the process.

Type of Loan You Need

It is imperative to understand the type of loan you need. For instance, there is no need to apply for a highly scrutinized loan when you only need a small loan, as this will delay the process. The approval process depends on the type of loan you apply. Some loans require a lot of documentation. If you apply for cash advance or line of credit, the documents and requirements are less stringent.

Demonstrate Adequate Cash Flow

If you already have a running business, banks need you to demonstrate that you have the adequate cash flow to meet your monthly loan repayments. They do the analysis by looking at the existing debt and tax returns. On the other hand, if you are starting a business, you ought to show detailed revenue and profit projections. Therefore, you should have a financial plan that illustrates how you will meet your loan repayments.

Understand Banks are Different

You should note that there are advantages and disadvantages that come along with any lending institution you consider. For instance, large banks are preoccupied with bigger clients as large means more profits. Although they may be ready to finance your business, you could get more attention and favorable terms with a smaller bank. Therefore, you should choose your bank wisely.

Store Credit Cards: Do You Really Need Them?

Most of those who have store credit cards would say that it is the convenience and security that these cards provide them that helped them decide to have a store credit cards. Indeed, with a store credit card, you don’t have to prepare a lot of cash when you go shopping at your favorite department store.  You would also feel more secure walking around with only a card with you.

Store credit cards work like traditional credit cards. You can make purchases with the use of your card in some accredited stores. Each month, you have to pay a certain amount of your credit until it is fully paid. With a store credit card, you will be eligible to receive perks and discounts. But comparing it to traditional credit cards, store credit cards usually have higher interest rates.

If convenience and security are your only reasons to get a credit card, you may be on the losing end of things. Those perks and discounts may also be too small to cover the interest and penalties that you may incur should you have defaulted in your payments. But with the following scenarios, you should be obliged to get a store credit card.


When Purchasing in Bulk

Purchasing in bulk will mean you will have more discounts. Most store credit cards also offer you rewards when your purchase reaches the minimum amount that they set. If you have a meijer credit card, you will get $10 for every $750 purchase. $10 may not ring a bell, but when you purchase using your card a couple of times in a month with each purchase amounting to $750, it can sum up to more than you expected.

When You Are a Loyal Customer to a Store

If you buy all your goods from a store that offers credit cards to its customers, you should not think twice and apply for their store credit card to avail of discounts, perks, and rewards. You just have to pay each month so the interest will not eat up the discounts that you have accumulated each time you make a purchase.

When You Are Buying Online

If you purchase your supplies and other goods online, having a store credit card will do you good. They will deliver your purchase free of charge.

When You Are into Credit Building

Having a credit card can be your chance to build a good credit reputation. Just don’t miss on your monthly dues, and you are on the right track of increasing your credit standing, which may be beneficial for you in the future.

If you have these reasons, then applying for a store credit card may be a rational thing to do. But if not, maybe, you will be better off without it.

How to Find a Reliable Private Money Lender


At some point in life, things may be tough on your side, and you may run out of cash. When you are in such a state, one of the best things that you need to consider is looking for a private money lender. Most of them are non-organizational lenders who offer short and long-term loans based on your financial needs. If it’s your first time borrowing money, you can consider hiring Money Lender Singapore investors. They have accessible services that will suit your business needs. Keep reading our post to know how to find private money lenders.

Stay Local

coinsIf you are running or managing your business, but you have limited funds, you should look for a financial alternative that will boost your business. Once you start looking for a lender, one of the things that you need to put into consideration is the type of bankers that you want. Apart from identifying the kind of moneylenders you are dealing with in this case, you should consider going local. It is advisable to ensure that most of your loans are about 100miles far from your office.

When you prefer going local, there are a lot of benefits that you will get. First, you are likely to succeed in funding your loans since your local lenders understand your marketplace. Therefore, before you make any selection, ensure that you find reputable lenders from your community or region.

Be Focused

When you want financial help, it is crucial to ensure that you remain focused during this session. Make sure that you are specific in your marketing and advertising. Know what you want and do not settle for inexperienced lenders who have high fixed rates. Go for bankers who offer affordable and low fixed prices.

Identify Your Financial Needs

Before you make any choice, you need to prepare your materials. In other words, put together your financial needs to guide you on what you need to choose or do. Your business needs will help you to know the exact amount of money that you want to

Strive for Transparency

When you are dealing with financial issues, it is crucial to ensure that you find a transparent lender. In other words, you should hire a trustworthy lender. If you decide that you are going for a private lender, this means that you should meet with the moneylender and determine how you are going to conduct your businesses. But remember to hire a trustworthy private lender.