Jean Galea

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How do Bitcoin Futures Work and Should You Trade Them?

Published: January 04, 2021Leave a Comment

bitcoin futures guideFutures operate in a multi-trillion dollar industry. They are complex financial instruments that allow you to speculate on whether the price of an asset will be higher or lower in the future.

While futures are particularly common when trading commodities like gold, oil, and wheat – they have since reached the Bitcoin scene. Whether or not you should access Bitcoin futures will depend on your financial goals, understanding of the market, and how much risk you seek to take.

To help clear the mist, this guide will tell you everything you need to know about Bitcoin futures. I’ll explain how this segment of the crypto investment scene works, what potential risks and rewards you need to consider, and how you can get started with a Bitcoin futures trade today.

[Read more…]

Filed under: Cryptoassets, Money & Investing

BlockFi Review 2021 – Do more with your crypto

Published: January 01, 20212 Comments

blockfi

Blockfi is a crypto lending provider that offers two products to investors:

  • BlockFi Interest account
  • Crypto-backed loans

The BlockFi Interest Account (BIA) lets you put your crypto to work and earn monthly interest payments in the asset-type that you deposit with BlockFi.

BlockFi clients using the BIA earn compound interest in crypto, significantly increasing their Bitcoin, Ether, and Gemini Dollar (GUSD) balances over time.

Crypto-backed loans allow you to access liquidity without selling. By using your crypto as collateral, you can unlock up to 50% of the value of your assets in USD. We fund same day through wire or stablecoin.

BlockFi clients use crypto-backed loans to do anything from paying off credit card debt to buying a home. Businesses turn to BlockFi to help them with payroll financing and business expansion. There are many advantages to borrowing instead of selling, including tax benefits.

Blockfi interest account

With BlockFi you can earn up to 8.6% on your crypto. Note that this product is focused on USD, not on any other fiat currency, and while there is no big downside there, it’s worth noting that if you are using a EUR or GBP based stablecoin you will need to convert those coins to a USD stablecoin like USDC or GUSD in order to start earning interest in a BlockFi interest account.

In 2020 alone, BlockFi distributed more than $50 million in monthly interest payments to their clients.

They also announced a game-changing new product: the first-ever Bitcoin Rewards Credit Card. Cardholders are be able to earn 1.5% back in bitcoin on every transaction. It’s an intuitive and easy way for people to access a new asset class, and it’s going to fundamentally change the way credit card rewards work. BlockFi clients have an exclusive opportunity to join the waitlist and be first in line to receive the card. In 2021, this card will be more widely available in the US.

The BlockFi mobile app empowers clients to take the BlockFi platform with them everywhere they go. You can transfer funds using ACH and wire payments, and they’ve added support for a wide range of currencies, including Litecoin (LTC), USD Coin (USDC), Tether (USDT) (USDT is available to non-U.S. clients only), and PAX Gold (PAXG), the first cryptocurrency that lets you directly invest in gold.

BlockFi is also building new bridges with institutions. In 2020, BlockFi became the first crypto company to join Symphony, one of the top collaboration platforms for the world’s leading financial firms, introduced lending on tokenized assets to help investors become more capital-efficient, and partnered with Fidelity Digital Assets to enable clients on Fidelity’s institutional-grade digital assets custody platform to pledge bitcoin as collateral in a transaction.

But what does this all mean for BlockFi and the future of crypto? In a word: inclusion. Every new product, feature, and partnership is intended to bring more people into the crypto community, giving access to a thriving financial market for those who didn’t—or couldn’t—participate in it before. Crypto is a big tent, and BlockFi is inviting the world inside.

One of BlockFi’s core values is “Transparency Builds Trust,” so they strive to teach first-time users (and even savvy investors) about the crypto market to help them understand what they’re investing in. With BlockFi, what you see is what you get. And that’s why everyone who signs up with us is a valued client, not a “customer.”

I’m very excited about the next innovations that are coming from BlockFi, and I regard this platform as one of the very best ways to make money on crypto. If you’re not a trader but you’re happy to hold your cryptos long term, this is one of the best ways to make profits off your cryptos, especially in the case of cryptos like Bitcoin that do not inherently provide any kind of returns for holders.

Visit BlockFi

Filed under: Cryptoassets, Money & Investing

Introducing Multi HODL: Crypto Margin Trading (Made Easy)

Last updated: January 08, 20212 Comments

Youhodler Multi Hodl

Recently, I’ve been discussing the Europe-based FinTech platform YouHodler a lot on here. For readers of those articles, you probably noticed as strange new terms appear frequently.

One of those terms is “Multi HODL” and at first glance, it may not mean much to you but as we peel back the layers behind this tool, you’ll begin to understand why automated margin trading should have a place in every crypto trader’s trading strategy.

So let’s get started, but first, the basics.

[Read more…]

Filed under: Cryptoassets, Money & Investing

Best Stock Trading Apps of 2021 – My Top Picks

Last updated: January 08, 20212 Comments

best trading appsIf you’re interested in trading assets on the move – whether that’s stocks, commodities, forex, or cryptocurrencies, it’s well worth doing so with a broker that offers an app. This will ensure that you can place buy and sell orders at the click of a button no matter where you are.

Additionally, the best trading apps allow you to easily check your portfolio, deposit/withdraw funds, and contact customer support. With that said, most online brokers now offer an app on both iOS and Android devices, meaning you have hundreds of providers to choose from.

In this post, I help clear the mist by discussing my favorite trading apps available in the market right now. I’ll also discuss the many factors you need to consider in choosing a trading app for your personal financial goals.

Why Get a Trading App?

It goes without saying that this post is only going to be relevant if you have a keen interest in trading. But, if you do, I think it’s crucial that you have access to a fully-fledged trading app alongside your primary desktop platform.

However, depending on the type of trading you intend on doing, you might choose to invest purely via your mobile phone. For example, if you are simply looking to buy and sell stocks, this is perfectly feasible.

On the other hand, if you are a day trader that likes to perform advanced technical analysis – then you won’t be able to do this on a mobile phone. Instead, you’ll need to revert to the broker’s main online platform or desktop software.

Nevertheless, below I discuss the many reasons why you should consider a trading app if this is a sector you are already involved in or one you are interested in pursuing.

[Read more…]

Filed under: Money & Investing, Tips & Tricks

What Should You Invest In?

Published: December 16, 2020Leave a Comment

what should you invest inThis is a guest post from my friend Shlomo Freund, who is a financial coach. We recently had a wide-ranging discussion about personal finance, location independence, and raising kids.

As we both write about financial topics and we have been investing our own money for several years, we tend to receive many emails from people who are earlier in their journeys. We discussed the unfortunate fact that most people never learn anything about managing their finances during their primary and secondary education, and we see that there is a big lack of financial savviness in the adult population. This lack of knowledge is not limited to any particular country or region – it’s a worldwide thing.

Both Shlomo and I strongly believe that knowing how to manage your finances and invest wisely is an important part of living a happy life. And since Shlomo now dedicates a significant part of his time to educating people on making better financial choices, I asked him to write a piece on this blog to give a starting point to those who want to embark on this interesting journey.

What follows is his take. I hope you enjoy it, and please do leave comments if you have any follow up questions, both myself and Shlomo will be happy to help.

Over to Shlomo…

[Read more…]

Filed under: Money & Investing, Tips & Tricks

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Jean Galea

Investor. Dad. Global Citizen. Padel Player.

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