Managing Your Crypto Assets In A Secure Wallet
As your portfolio of crypto assets expand, you will need to have a crypto wallet to keep your goods safe. There are thousands of service providers on that end, and choosing the right one would take an entirely new guide to share some knowledge about this topic.
You can install one of these wallets in your hardware. That way, you can keep your currencies in your devices, such as your desktop or laptop. If you prefer, you can also use an online wallet to keep your holdings safe on the internet.
There are also options to have mobile wallets installed on your smart device, but most of them are lacking in the space department. The final option would be a paper wallet, which is nothing more than a euphemism to get an official legal document that states the content of your wallet and the keys to gain access to them.
For Securing your FOAM We recommend you to use hardware wallet which support many cryptocurrencies Choose between these two: Ledger or Trezor
LEDGER NANO-X: Securely trade on-the-go and manage a large number of assets at the same time, with only one device.
One: Setup Your Coinbase Account
Although Coinbase has both iOS and Android apps, I have found the easiest way to setup your exchange account with them is to use their website.
2) Next enter your email address in the get started box. Please MAKE SURE that the email address you enter is one you have access to and is your most secure email as this is how you will always sign in to your Coinbase account.
3) Then Coinbase will ask you to select if you are an INDIVIDUAL or BUSINESS. I’m assuming you are an individual so I will skip the whole business account setup. MAKE SURE to use your real name as Coinbase will use this for account verification.
4) Next Coinbase should send you an email to verify your email address. Open the email and click on the link. I have to say although email verification emails are somewhat annoying, since you plan funding your account with actual money, this security step is very comforting.
5) You should now be signed into your Coinbase account. Again, since you will be using your hard earned money to fund your Coinbase account, there are a few more verification steps you need to complete. The first being verifying a mobile phone number.
Coinbase uses your mobile phone number to setup Two-factor authentication on your account making your account even more secure. Basically Coinbase will text you for each major change to your account including making purchases.
Control Your Location Network
When using centralized platforms and services, such as Google, Uber and Facebook, the data related to your location is always being collected. However, the main Foam goal is to solve this issue by providing a decentralized platform that wouldnt threaten your anonymity. Foam tokens are used on this platform to reach the companys main goal.
Also Check: Can You Invest In Bitcoin On Robinhood
Global Polystyrene Foam Market To Generate $738 Billion By : Allied Market Research
Rise in urbanization and industrialization that led to growth of the building & construction sector, stringent energy efficiency and fire safety policies, and rise in demand from the packaging sector drive the growth of the global polystyrene foam market. Production activities of the polystyrene foam have been halted during the Covid-19 pandemic due to lockdown measures, unavailability of sufficient workforce, and supply chain disruptions across the globe.
Portland, Nov. 09, 2021 — According to the report published by Allied Market Research, the global polystyrene foam market generated $46.2 billion in 2020, and is estimated to generate $73.8 billion by 2030, witnessing a CAGR of 5.1% from 2021 to 2030. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario.
Rise in urbanization and industrialization that led to growth of the building & construction sector, stringent energy efficiency and fire safety policies, and rise in demand from the packaging sector drive the growth of the global polystyrene foam market. However, volatility in raw material prices hinders the market growth. On the other hand, demand for foam-based materials from the non-residential building sector present new opportunities in the coming years.
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Fill In Your Trading Details
You have to fill in your details by going to the Register tab found in the right-hand corner of the websites page and fill in your trading details. For instance, you will need to fill in your mobile number or you choose to use your email address. For the email address, it is necessary to use your main email that you can access easily and the most secure one since you will need it to sign in to your Binance account always.
You also need to choose a strong password for your email a strong password should comprise a mix of numbers, symbols, upper and lower-case letters. You will receive a 6-digit code via the email you provided as your accounts verification code and for completing the registration process.
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Transfer Btc To An Altcoin Exchange
But we are not done yet, since FOAM is an altcoin we need to transfer our BTC to an exchange that FOAM can be traded, here we will use Poloniex as our exchange. Poloniex is a popular exchange to trade altcoins and it has a large number of tradable altcoins pairs. Use the link below to register your new account.
Poloniex is a centralized cryptocurrency exchange for both experienced and amateur cryptocurrency traders. It offers a range of crypto markets, advanced trade types, as well as margin trading and crypto lending, which makes it a convenient place for traders from all walks of life. Poloniex is a good and very popular exchange that offers very low trading fees, good customer support, easy registration process, multiple cryptocurrencies, and has other amazing features. As Poloniex is a US cryptocurrency exchange, US-investors may of course trade there. But US-investors should in any event do their own independent assessment of any problems arising from their state residency. In particular, investors from the state of New York are often restricted from trading at many cryptocurrency exchanges.
After going through a similar process as we’ve done before with Coinbase, you will be advised to set up 2FA authentication as well, finish it as it adds extra security to your account.
Set Up 2fa On Your Bitforex Account
To set up 2FA, go to Security under Account Settings. 2FA or Two-Factor Authentication is a double protection for your account.
You can protect your account by choosing between Bind Phone and Google Authenticator, which both produce a code that you will need for the next level of protection of your account.
In this example, we are going to pick the Bind Phone which is easier. Enter your phone number. Get the codes from your phone and email by clicking on the Get Code at the SMS and Email verification code boxes. Next, enter the codes in the boxes and hit Confirm.
Good job! You have just successfully protected your BitForex account.
Read Also: Who Owns The Most Bitcoin
Transfering Your Cryptos To An Altcoin Exchange Bitfinex
Let me show you how to purchase FOAM using your investment from Binance.
Not every crypto can be traded in Binance you will have to transfer your coins to an exchange that FOAM can be traded. So I will guide you to Bitfinex which is a well-known exchange to trade altcoins. You need to use the link below for a new account registration.
You need to follow the processes we used in the above steps and after you complete similar processes as weve done before with Binance you are ready to transfer our Bitcoins.
How Do I Buy Foam With Crypto
If you want to buy FOAM with a cryptocurrency like Bitcoin, Ethereum, Litecoin, XRP, or BNB, then you can simply sign up for Poloniex and send your crypto to your account.
You can view the supported cryptocurrencies for the exchange you selected by going to the assets or wallet screen. Once you see a list of coins, you should be able to select one and click “deposit” which will show you the address to send your crypto to Poloniex.
You will then copy that address and paste it into the wallet holding your cryptocurrency and send.
Depending on the blockchain used and how quickly the exchange processes deposits, your funds should show up in your exchange balance within minutes.
Read Also: When Will Crypto Bounce Back
Most Popular Exchanges To Trade Foam Protocol
The most popular cryptocurrency exchanges listing FOAM Protocol are .There are many other crypto exchanges where you can trade FOAM Protocol, but make sure to do your own research before making your choice.You can find all cryptocurrency exchanges here. Also, make sure to check out ourcryptocurrency exchange reviews.
By Step Guide On How To Buy Foam Cryptocurrency
To purchase FOAM on the majority of the cryptocurrency exchanges, you will already need to have Bitcoin or Ethereum to trade with. The good news is that you can easily purchase either cryptocurrency at Coinbase using your Credit Card or even Bank Account.
NOTE: There are other places to purchase BTC and ETH online, but I’m going to focus this guide using Coinbase as it’s the easiest to use for new investors in cryptocurrency.
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Deposit Funds To Your Account On Bitforex
Go to My Assets and click Deposit.
Select the currency you want to deposit funds to from the Please choose a Token drop-down box.
Next, copy the deposit address and paste it into your wallet. Always make sure to copy the correct address for completed transactions cannot be undone.
Check your deposit history at the bottom of the page.
Awesome! Your BitForex account is now funded.
Four: Make Your First Purchase Of Foam
After your transfer of your crypto from Coinbase to your exchange’s wallet is confirmed, you’ll want to initiate a trade of that specific cryptocurrency for FOAM .
Since each exchange is different we can’t give you a step-by-step guide on how to make the trade, but we can give you a few pointers:
The first is buying at the market price. This is the current price FOAM is trading at. There is nothing wrong with purchasing at this price, but if you think the price will drop or wanted to get it at a lower price, then look at the limit price.
Limit price says you want to purchase a certain amount of FOAM at a specific price. If the price of FOAM gets to that price your order will be processed. Remember, with how volatile the market is, there is no guarantee the price will drop to your limit price.
NOTE: No matter which trade option you select, the price will be purchasing FOAM at will be based upon the currency you are trading with . Some exchanges don’t convert this over to your local currency, so you can always use Google and type something like “0.0025 BTC to USD” and Google will tell you the USD value.
Once you’ve completed your trade … CONGRATULATIONS! … you’ve purchased FOAM using USD with the help of another crypto exchange.
A word of advice, now that you’ve made your first investment in FOAM , you should MAKE SURE to track your investment. Even though the exchange you purchased FOAM at does this for you, using a third-party website or app makes it a whole lot easier.
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Buy Foam With A Credit Card Debit Card Or Visa Instantly
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All Roads Lead To Crypto
Now youve probably heard from your friends and/or colleagues that you can start mining your own cryptocurrencies, or that you should invest into Bitcoin before its too late, but the truth is, you should first consider what youre going to do with your crypto?
Is it gonna be a speculative investment based solely on price fluctuations and you dont really care what youre going to do with your cryptos? Would you rather invest in a cryptocurrency you can use in your every-day life? Or maybe youre an experienced physical asset broker, and you see similar potentiality in some digital assets that are screaming arbitrary opportunities?
Well, as Socucius Ergalla* would say: The choice is yours, and it directly reflects your approach, as well as your vision when it comes to this new, still booming industry.
Regardless of your end goal with cryptos, there is some basic stuff you should figure out first, including where do you get your crypto from? Which wallet youre going to use? How you redeem your cryptos to fiat in case you want out?
*The quote refers to Ergallas first words when encountering him in TESIII: Morrowind: Ahh yes, weve been expecting you. Youll have to be recorded before youre officially released. There are a few ways we can do this, and the choice is yours.
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Your Very First Encounter With Real Crypto
For starters, I wont get in-depth into mining operations, but Ill tell you this much: It is not the first path you consider when entering the crypto market as a newcomer.
Mining can be extremely complicated if your tech knowledge is limited to browsing Chrome, and it requires pre-planned geolocation, exessive electricity-consumption research, sophisticated machinery, software, and coding skills to perform successfully, so lets talk about the more pragmatic options you have.
First-hand crypto market
Buying crypto first-hand is probably the most efficient way to get hold of your favorite digital asset both from an economic and time x processing perspective. It can be as simple as asking a friend who already owns cryptos.
Usually, first-hand trades would be fast, and cheap based on a mutual agreement between the two parties. If you dont know anyone who owns cryptos at the moment, or they are not keen on parting their assets, you can consider portals such as locabitcoins, localcryptos, and Paxful which act similar to Tinder for crypto buyers/sellers across the world.
You can also use a first-hand broker to redeem your cryptos back to fiat currency or any other digital asset .
Trading live with another person would require you to have a setup cryptocurrency wallet associated with the digital asset youre about to purchase.
Second-hand crypto market
You Are A Proud Investor In Foam
NOTE: Here is a guide on how to buy FOAM with USD if you ever need it in the future.
2021 UPDATE: I started to consider a recurring investment into FOAM but was having a tough time working out the math. Last night I created a quick website that allows me see what my return on investment would’ve been if I invested in FOAM on a consistent basis last year. Here’s an example of what I would’ve made if I invested $5 weekly into FOAM last year.
If you are interested in crypto mining at home, I wrote up my story on How I started mining Bitcoin at home in 2021 which details out various easy to set up at home crypto mining rigs. Right now I’m generating around $12 USD per day.
Many of you asked how I keep a couple steps ahead of the game in crypto and wondering if there was a way for me to be able to share that knowledge with you … well there is! I’m starting a cryptocurrency newsletter giving you an inside look at what’s going on in the cryptocurrency space and hopefully giving you early access to various programs from some awesome project being built in the crypto world. You can if you are interested.
A word of advice, now that you’ve made your first investment in FOAM , you should MAKE SURE to track your investment. Even though the exchange you purchased FOAM at does this for you, using a third-party website or app makes it a whole lot easier. Here is a list of some best cryptocurrency investment tracking websites and apps that you can use.
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Three: Use Your Bitcoin Or Ethereum Investment To Purchase Foam
Now it’s time to purchase FOAM using your investment from Coinbase.
Since Coinbase only allows for the purchase of Bitcoin, Bitcoin Cash, Ethereum, and Litecoin, you will need to transfer your BTC or ETH investment to another cryptocurrency exchange. I know this sounds painful, but it really isn’t.
Right now you can buy FOAM at a good number of cryptocurrency exchanges including Bitfinex.
Once you have your specific currency’s wallet ID, head back over to your Coinbase account. Since I don’t want to miss any steps in this important process, .
Now you play a short waiting game as your transfer has to go through the cryptocurrency ecosystem and be confirmed multiple times. There is nothing on your end to do except wait for this to happen. Depending on the day this could take 5 minutes or even up to a few hours.
The good news is that in your Coinbase account they give you a link to track the transfer.
Once your transfer has been confirmed it should show in your exchange’s account and will be immediately ready to be used to buying FOAM .
If you purchased Ethereum at Coinbase, you are going to want to look for the FOAM/ETH investment.
For Bitcoin look for FOAM/BTC.
If FOAM doesn’t have an investment option using the currency you purchased as Coinbase, don’t worry. All you need to do is trade into the specific currency.
Let me reiterate, I am not a licensed professional so I can’t give you any investment advice on how to handle the next step.