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.

When is the right time to invest in stocks

Investing is a way that will help the money you have set aside, be at some work and reap the rewards altogether in the future. Investing in stocks is the best way to invest for beginners to gain investment experience. Moreover, there is the risk of loss too so don’t invest with an impression that you will just gain and no loss will occur. Reasons for investing in stocks can be:

Ability to vote shares in order to influence the company you invest in.
Capital appreciation that occurs due to a rise in price
Dividend payments are received when the company distributes its profits to the shareholders after announcing it.
What are factors to be considered while investing in stocks?
Stability: Stability is one of the important factors to consider before you invest in any stocks. The company whose stock you are planning on buying should show stability. Moreover, all companies have a period where the value of the stocks takes a dip. But don’t focus much on the company’s difficult period and focus on overall stability. A high fluctuating stock is a red flag, you should avoid volatile ones.
Earnings Growth: Earnings growth of the company that is selling stocks is important to consider. Moreover, you can check the company’s profit by looking at the income. Look at the trends and know the earnings increasing steadily and consistently.
Management: Management is important to consider. They should be innovative, have a good culture, and know the company’s competency. The reputation should not be scandalous or hurt.
Dividends: A company is competent to pay-out dividends when it is stable. Companies that give high yield give out the sign of instability. A company that pays dividends means it is not going to re-invest it. The best company is the one with regular modest dividend payments that are timely.
Price-to-Earnings Ratio: Price-to-earnings ratio considers the price and earnings of the company which is very important to be known. Additionally, the price-to-earnings ratio of the company depends on the fundamental and investment analysis.
Before investing in stocks you must have a demat account. Find the best discount broker from the list of top stock broking companies in India. Check detailed information and ratings of stock brokers based on our unique scoring system.

What are the benefits and risks of investing in stocks?
The potential of growth that is capital appreciation is a great benefit over a long period. Investors who have a will to invest for a long period of 10-15 years have received the rewards of patience in terms of positive returns.
The risk on the other side is the prices can go down as well. No guarantee is given for any stock’s upward moment and you might end losing all your investments.
A company may go bankrupt and liquidate all of its assets. A common stockholder is the last one to receive the proceeds in share hence has a residual claim. There is a possibility you might not receive anything at the end of the line.
The company which is not in danger also has a volatile share price so there is always the risk of volatility.
Market fluctuations can affect the price of the stock of any company but the factor that highly affects the stock price is the internal factor. Factors like faulty products or events that the company has no control over, etc.
Stocks have other benefits like dividends, voting rights, rights issues, etc.
What is the right time to invest in stocks?
Every investor whether it be a new one or a seasoned one wants to know what is the best time to buy or sell stocks? Additionally, there are basic rules that will provide you with better profits and minimize your risks. If you have your trading account and are still learning then here are the best 4 recommendations for knowing the right time to invest in the stocks of the stock market.

Best Time of the Day: For intraday traders, this is the best question that is answered to know what time is perfect to buy/sell the stocks in a day. To mark the profits within a single day this is very important to know. It’s not like you have to handcuff yourself to the computer screen in order to monitor the markets each moment. Moreover, too many hours of you watching graphs and charts will just get you mental fatigue and confusion. The volatility of the market and also the volume traded drops after the first 90 minutes of opening. According to this analysis, the best time to trade is 9:30 am to 10:30 am. The trading starts at 9:15 am where the market is responding to yesterday’s news so the first 15 minutes should be avoided.
Most Favorable conditions: Most suitable time to buy a stock is when the price is low. Though there is a risk that the price may even go further down but buying at a low price is a safer way to purchase rather than at a higher price. The best time to invest in F&O (Futures and Options) is when the OI (Open Interest) is low. Low OI indicates that people are keen to sell and there are lower buy rates.
Most Lucrative Day: Monday is the best day of the week to buy stocks and Friday is the best day to sell off the stocks. There is a logic behind this which is on Monday prices are low and on Friday prices are the highest of all stocks.
Other factors: Keep track of the share price of the chosen stock to have the knowledge of the good time to purchase. There is an indicator named Moving Averages that will enable you with the information of the range of highest and lowest the price of the share has been. If there is a piece of good news or news for dividend pay-outs then the price of the stock rises.
Conclusion
Investing is a way that will help the money you have set aside, be at some work and reap the rewards altogether in the future. Reasons for investing in stocks involve the ability to influence the company, capital appreciation, and dividend payments. We have also mentioned what are the right timings for investing in stocks. This knowledge will enable you to make better investing in stocks and earn higher returns.

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.