How to Buy Shiba Inu with USDT? – Everything You Need to Know

Are you looking for the best exchange to buy Shiba Inu Coin with USDT? Then, you have landed at the right place. We have covered all those things here. By using this guide, you can easily buy SHIB with USDT from Koinbazar. Before we get into this, let’s see an overview of Shiba Inu Coin.

Read more —> How to buy Shiba Inu Coin in India?

What is a Shiba Inu coin?

As per the official website of Shiba INU token, SHIB is an experiment in decentralized community building. The SHIB token creators have developed this which is inspired by the famous cryptocurrency called Dogecoin. As of now, the Shiba Inu token is getting famous among the traders and also they are hoping to invest in it. Most of the communities called SHIB “The Dogecoin Killer”. This company is planning to start an exchange called “ShibaSwap” which is like Uniswap and Pancakeswap in the future.

How to Buy Shiba Inu with USDT on Koinbazar?

To buy Shiba with USDT, follow the steps mentioned below,

Step 1:

Visit Koinbazar.

Step 2:

If you are already a registered user, choose ‘SIGN IN’ at the top right corner of the website to log into your account. If you are a new user, click ‘SIGN UP’ in the top-right corner to register your account.

Step 3:

After you sign into the account, choose “MY ACCOUNT” at the top right corner of the page. Update the requested details to build your profile.

Step 4:

Choose KYC verification under “MY ACCOUNT”.

Step 5:

Update the KYC authentication section requested details and identity certificates should be updated and then click ‘SAVE’.

Step 6:

Choose ‘BANK DETAILS’ and update your required information. Then, click “SUBMIT”. Once the admin approved, you will be able to deposit and withdraw your funds from your Koinbazar wallet.

Step 7:

Once the admin approved your bank details, Choose “Funds” from the top right corner of the menu and select “Deposit”.

Step 8:

Choose the “Fiat” option from the deposit. Your desired funds to be deposited in the form of fiat currency.

Step 9:

Then, choose the ‘Manual Deposit’ option and update the required information and instant INR deposit options. Your transferred amount will be credited to your Koinbazar wallet after reviewed by the admin.

Step 10:

Once your funds get deposited, go to the home page and select ‘TRADE’.

Step 11:

On the trading page, choose the “USDT” market and select SHIB to USDT pair to buy Shiba Inu Coin with Tether (USDT).

Step 12:

At the bottom left of the page, start trading by setting the order type and order value you would like to buy.

How do I choose best mutual funds to invest for SIP?

Traditionally, Indians have preferred investments that offer a fixed return and safety of their capital. However, mutual funds have emerged as one of the popular investment avenues due to the potential capital appreciation over the long term that has the potential to exceed the returns from fixed income instruments. The Indian Mutual Fund industry has recorded Rs 31.42 lakh crore AUM, 9.79 crore folios, and 3.73 crore active SIP accounts as per AMFI data released on Mar 31, 2021. Investing in fixed deposits may not significantly grow investor’s income over the long term. For those looking to build wealth over the long term with market risk can consider investing in equity mutual funds.

Before setting out to choose the best mutual fund to invest in, Investors need to firstly determine their financial goals and their investment horizon and most importantly their risk-bearing capacity. Age, income, financial commitments all add up to your risk capacity. Based on these parameters, investors can then go on to shortlisting the best mutual funds to invest that meet their requirements.

Instead of focusing on the last one-year top performers, investors need to go a bit deeper to select the best mutual funds to invest in 2021. Last year’s best mutual funds may not continue their performance this year or the future. A good yardstick to measure the best mutual fund to invest is to evaluate their performance across market cycles. Assess the mutual fund performance across 1 year, 3 years and 5 year periods. Other criteria to assess a mutual fund performance can be:

What is the mutual fund expense ratio?
What is the portfolio churn rate?
What is the portfolio composition and their underlying concentration levels?
Qualitative Factors can include:

Investment processes and systems
Fund manager experience
Funds managed by the fund manager
As regards starting out an SIP investment. There is no one best mutual fund to invest which is suited for SIP mutual fund. An SIP can be started with any ticket size and does not burn a hole in one’s pocket. Anyone can start with as low as Rs. 500 per month. There are different types and varieties of mutual funds to choose from.

All mutual funds have the option of investing by lumpsum or by SIP mode. However, if you are ready to take market risk and looking for long term risk adjusted returns then one of the best mutual fund for SIP investment could be equity mutual fund which is a volatile asset class. SIPs average out the cost of investments over the long term. Equity mutual fund is generally considered as the best mutual fund to invest in for the long term. However, in case of returns, an SIP does not guarantee a better performance over lumpsum. This is because returns in equity mutual funds may not be linear. In short, if investors do not have a duration of 5-7 years, then they should not consider equity mutual funds.

Similarly, there is no one best mutual fund to invest in for lumpsum investment. However, lumpsum investments are by far suitable for investors who want to time the market.

How Blockchain is a Distrupter to Conventional Notions of Currency

How Blockchain is a Disrupter to conventional notions of currency

What is Blockchain?

Blockchain is an undoubtedly smart invention. It is used to send the information from a sender to receiver in a completely secure and automated fashion. When a transaction is initiated, a block is created. This block is checked by the systems present in the network. After checking, the block is added to the chain, and it is saved throughout the network. This process leads to the creation of a unique record.

Three Main Components of Blockchain

Decentralization

Prior to the invention of Bitcoin and Blockchain, we were using centralized services. In centralized services, a centralized object will store the information, and we have to interact with that object to get the required information.

Banking system uses centralized services for their operations. The money is stored in the bank, and any customer should do the transaction through the bank.

The disadvantages of Centralized system

1) In a centralized system, data is stored in one place, so attackers or hackers can easily leak the information.

2) If any software update is going on in a centralized system, then the work of the entire system is stopped.

3) If any stoppage occurs in the centralized system, then nobody can access the information it has.

In a decentralized system, members who are present in the network will have the information. If an entity wants to interact with another entity, they can do that without the help of a third party.

2) Transparency

The most important element of Blockchain is transparency. Blockchain provides both transparency and privacy. With the help of cryptography, the true identity of the person is concealed, and the public addresses of the person are displayed.

With the help of public addresses, the actual identity of the person is secured, but you can see all the transactions happen. If you know the public address of any big company, then we can know all the transactions done by that company.

3) Immutability

In the blockchain environment, immutability is a process in which the data once entered cannot be erased. In Blockchain, this concept is implemented with the help of Cryptography Hash function.

Hashing is a procedure in which it takes the input of any length and gives an output of fixed length. Bitcoin uses SHA256(Secure Hash algorithm-256) and takes fixed output.

If any small change occurs in the given input, then the output is also changed. Applying SHA-256 becomes difficult when we are dealing with a large amount of data, so, instead of remembering the input data, we should remember the hash, and we should trace it.

Due to these features, Blockchain provides a new method and strategy to carry out the transactions. This makes users avoid the conventional method of transactions.

Business Applications of Blockchain

The Applications of Blockchain are as follows:

1) Smart contracts

The distributed ledger technology provides smart contracts coding, which executes once particular conditions are satisfied.

2) Sharing Economy

With the success of Uber, Airbnb companies sharing economy is proved. Sharing rides in uber is the perfect example of sharing economy.

3) CrowdFunding

Crowdfunding efforts like Gofoundme, Kickstarter are doing progressive work for developing a peer-based economy.

4) Governance

Blockchain makes the transactions transparent and completely available to the public. Distributed Database technology can make elections more transparent to the public.

5)Supply chain auditing

Consumers who use the products, want to know whether the quality asserts made by the companies are genuine or not. Distributed ledger technology helps the consumer to validate these asserts made by the company.

6) File storing

File storing is decentralized, and Decentralization of data makes data secure from the attackers and hackers. Interplanetary File system(IPFS) eases the conceptualization of web operations.

7) Prediction Markets

Predictions from Crowdsourcing is based on the event possible and proved to have high accuracy. In future, other applications cannot find a defect in the Blockchain.

8) Securing Intellectual Property

Digital Information is extensively distributed, replicated due to the usage of the internet. Due to this, writers can lose their copyrights. To avoid this problem, writers use smart contracts to protect their rights.

Conclusion

In this way, we can avoid the traditional methods for implementing transactions with the help of Blockchain. Transparency and Decentralization make the Blockchain the best technology for carrying out transactions.