Crypto 101: Hardware wallets

October 13, 2020

Beware of scams!

October 13, 2020

2FA: Boost your security

October 13, 2020

Recognize social media fraud

October 13, 2020

We have noticed that a lot of fake social media pages have been created pretending to be LiteBit. These pages claim to give out bonuses to customers or ask you to give out personal information. If you come across fake/malicious LiteBit pages, or if you are being tagged by them, please report them to the social medium. Do not click on any of the links in their posts or comments.

Are cryptocurrencies safe?

October 12, 2020

Cryptocurrencies are in fact one of the safest assets in terms of transaction security. Their underlying technology is either defined by blockchain or distributed ledger technology. Both technologies prevent that a third party can intervene in transactions or create new coins or tokens out of thin air. Therefore, all transactions can be monitored and are verified by the network as well as the supply of each coin or token.

Advantages of the LiteBit wallet

October 12, 2020

As any other software solution each wallet comes with certain advantages. LiteBit wallet is a native service integrated into your personal trading account. Why is it better in some cases to use our service rather than controlling your private keys? There are a couple of use cases that will greatly improve your overall experience using LiteBit wallet.

Brace yourselves KYC is coming –How the new regulations make it safer to trade

October 12, 2020

A basic idea of cryptocurrencies is the individual freedom of each person to decide about his or her own finances. Third parties should not have the possibility to interfere with the transactions of others. This has made Bitcoin extremely successful and is ultimately the reason why other crypto are also considered innovative payment systems.

Deposits and Withdrawals

October 8, 2020

Deposits and withdrawals with LiteBit are as easy as any other transaction that you can perform with cryptocurrencies. You can only send or receive crypto which are listed at LiteBit. Please make sure that you have selected the correct wallet for each coin or token that you would like to send or receive. After connecting and verifying your bank account you will be able to withdraw and deposit Euros as well.

Cautious trading: Dollar Cost Average

October 8, 2020

Many traders are interested to minimize their risks in trading. One of the major problems is to estimate when the price of an asset has reached its bottom. There is always the possibility involved that the price didn’t found support yet and is going down further. Dollar cost average or DCA is a strategy to tackle this very common problem in trading. It is a method to mitigate the fact that you cannot be right all the time.

Investing vs Trading: Know the difference!

October 8, 2020

Most beginners have a lot of questions about cryptocurrencies and how to get acquainted with the use of the technology. Aside from technical aspects there is also a strategic component involved that is not concerned about those questions, but on how you like to enter the market. There are typically two types of market participants, namely traders and investors. What shapes the views of both groups and how do they tackle the market?

Identifying opportunity: Double Top and Double Bottom

October 8, 2020

Many analysts believe that everything you need to know about the market is already included in the charts. Meaning that similar situations which occur frequently and the market will produce the same or at least similar chart patterns. Two of the most famous patterns are relatively easy to spot and both are signalling strong movements and trend reversals.

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