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RocketFuel it’s hardly surprising

It’s not often that a company is able to deliver a plethora of information with such a punch! However, when you find out their name is RocketFuel it’s hardly surprising.

Payoutmag/ShootX were lucky enough to catch up with Peter Jensen the CEO of RocketFuel at TES Prague in September. We were keen to find out more about his background and hopefully provide some basic understanding of Crypto Payments for our readers.


Peter Jensen is RocketFuel’s CEO, a leading Silicon Valley-based crypto/ACH payment solution company. He has over 30 years of experience in technology, having served in senior positions with Oracle and Symantec. As a CEO, he has built up several growth-stage companies from pre-revenue to successful exists where those companies were sold to major corporations including IBM and Cloudflare.

Before that, Jensen was most recently CEO of Spanugo, a venture-capital backed provider of security assurance applications The company was sold to IBM in 2020. Prior to that, he was CEO of Presidiohealth, a venture capital backed provider of analytics databases for the Internet of Things (IOT). The company was acquired by CISCO in 2016. He was also the VP of Sales at Pancetera, a data management and protection company, acquired by Quantum in 2011 and of Thinstall, an application virtualization company acquired by VMWare in 2008.

  • As we know, sometimes innovations burst on the scene and the technology moves so fast, those in the know are using acronyms before the rest of us have even had the chance to catch up! So, for the benefit of several readers I asked him to briefly explain the basics behind Crypto Payments?

I’m happy to share the info and I hope this gives you a clearer picture of how this crypto stuff works”!

Cryptocurrencies: So, cryptocurrencies are like digital money, but with a twist. They use fancy encryption techniques to make sure no one can mess with them. You might have heard of Bitcoin – it was the first and is still the most famous cryptocurrency out there. But now, there are thousands of others floating around too.

Wallets: To deal with cryptocurrencies, you need a digital wallet. It’s like a digital piggy bank. You can send, receive, and store your cryptocurrencies in there. Wallets can be software-based, like apps or online wallets, or hardware-based, like physical devices. They give you unique addresses for each transaction. You can download a wallet like any other app on your phone.

Merchants can send and receive payments. They can also move money between countries in crypto, stablecoins or FIAT (local currencies).

Security and Anonymity: Cryptocurrencies take security seriously. Your transactions are encrypted and spread out across the network, so no one can mess with them. Plus, you can stay anonymous because you use your wallet address instead of personal information. Just remember, even though it’s pseudonymous, all transactions are recorded in the public blockchain. Imagine someone who doesn’t want to expose his or her credit card to an adult-related charge.

Volatility: Because we convert crypto so quickly to FIAT by using stablecoins, we avoid any price volatility. In fact, we are responsible for any price volatility, not the merchant.

Fees: Merchants pay crypto payment solution companies like RocketFuel a small percentage contrary to traditional payment methods where merchants often pay high fees, ranging from 3-10% in some industries like adult entertainment, to credit card companies. Additionally, cryptocurrency payments are settled in fiat currencies (e.g., USD, euros, pesos), ensuring that merchants receive their payments the next business day – guaranteed. RocketFuel guarantees the payment no matter what.

  • Your 30 + years’ worth of experience has proved crucial in gaining insight into what the next big thing will be. Do you have a special power which allows you to see the ‘end game’ right from the start?

I don’t have a special power. However, I have successfully sold 5 startups in the past to companies such as IBM and Cloudflare. The future of crypto payments in the adult industry looks promising simply because of all the issues with the banking industry. Both merchants and content creators are tired of having their bank accounts being shut down because banks believe the adult entertainment industry is risky. Technology and innovation have shown us that high risk industries can utilize other outlets to streamlines processes in an easy, faster and secure way. In 2023, there are 500 million people who use cryptocurrencies around the world. I do believe that more and more people will keep using them because merchants will want to increase their profits and content creators will need to simplify things”.

  • Much of your experience comes from Data management led companies, do you believe this allows for a more methodical approach when dealing with technology-based enterprises?

Data is king, and it is important for any company, regardless of the industry. I don’t think our approach is more methodical; instead, I believe it is more organic. We are adapting to current financial trends, embracing new technologies, and empowering merchants and shoppers to have a seamless experience”.

  • RocketFuel offers Crypto Pay-ins for cams and adult merchants, as well as Pay-outs for content creators. How important do you think it is for crypto payment solution companies to engage with the adult industry?

It is essential. An increasing number of merchants in high-risk industries, such as adult entertainment, gambling, and cannabis, are accepting crypto payments. We must continue educating both merchants and creators about the simplicity, security, and profitability of this new technology and its benefits. In addition to pay-ins and payouts, merchants can also make B2B cross-border payments and easily move money between countries”.

  • Was TES Prague your first conference of this type? What did you gain from the event?

During our visits to adult industry events like InterNext in Las Vegas, XBiz in Los Angeles, Miami, and Amsterdam, and TES in Cascais and Prague, we have noticed a growing interest in crypto payments among merchants and creators. We strongly believe that crypto payments will revolutionize the adult industry.

At these events, we frequently hear merchants expressing their struggles with moving money and creators dealing with constant shutdowns of their bank accounts. However, when we educate them about the benefits of crypto payments, we witness how easily they embrace this new payment method.

Crypto payments offer a solution to the challenges faced by the adult industry. They provide a safer and more secure payment option while avoiding the issues associated with traditional financial institutions. With crypto payments, merchants and creators can have greater control over their finances and avoid disruptions caused by account closures.

The enthusiasm we encounter at these events reaffirms our belief that crypto payments will be a game changer in the adult industry. The ease with which individuals in the industry adopt this innovative payment solution demonstrates its potential to address the specific needs and challenges faced by merchants and creators”.

  • Are you planning on attending further shows in 2024? If so, which ones and why?

In 2024, we are committed to attending all adult-related events. It’s crucial for us to have a presence and show support for these gatherings. We understand that the adult industry is continuously growing, with more people joining in. Therefore, it’s essential for us to continue educating and spreading awareness about the benefits of accepting crypto payments”.

It was a real pleasure meeting up with RocketFuel and unlocking some of the mysteries behind Crypto with their help.

If you need any help or advice, feel free to contact them. They are always happy to offer advice whether you are a business or an individual.

RocketFuel’s website: www.RocketFuel.inc

Crypto pay-ins for cams and any adult merchant:

Crypto payouts for content creators:


Crypto Banking and Decentralized Finance Explained

DECENTRALIZEDalized Finance (DeFi) and crypto banking hold the potential to completely change how we handle, invest, and spend our money. These ideas mark an important shift from conventional banking and financial services to blockchain-based, more decentralized alternatives. This article will define crypto banking, go over the fundamentals of decentralized finance, and talk about the possibilities and effects of these development.

What is Crypto Banking?

Crypto banking is an emerging sector in finance that connects the rapidly expanding cryptocurrency realm with regular banking. Fundamentally, crypto banking refers to organizations or platforms that use digital assets like cryptocurrencies and blockchain technology to provide a variety of financial services. These services, which incorporate decentralized technologies, can include digital wallets, payments, loans, borrowing, and asset management.

Fundamental Principles of Crypto Banking

Electronic wallets: Users can safely store and manage their cryptocurrency holdings, including Bitcoin, Ethereum, and other altcoins, with the use of digital wallets offered by crypto banks. These wallets facilitate the access and management of digital assets from any location at any time.

Payments: As an alternative to conventional fiat currency payments, cryptocurrency banking enables users to conduct transactions and make payments using cryptocurrencies. With its faster and frequently less expensive transfers, this can be particularly helpful for cross-border transactions.

Lending and Borrowing: Lending and borrowing of cryptocurrency is often made possible by crypto banks. Users can enable a variety of financial strategies by borrowing cryptocurrency against collateral or lending their digital assets to earn interest.

Asset Management: In addition, these platforms might provide portfolio management, yield farming, and staking, among other asset management services that possibly let users profit from their digital assets.

Security: In the world of cryptocurrency banking, security is the first priority. To safeguard users’ money and information, these platforms usually use strong security features like multi-factor authentication, encryption, and cold storage.

What is Decentralized Finance (DeFi)?

Decentralized Finance (DeFi) is a movement that aims to replace middlemen like banks and financial institutions by reimagining traditional financial services using smart contracts and blockchain technology. DeFi seeks to improve the accessibility, inclusivity, and transparency of financial services by operating on an open-source, decentralized infrastructure.

Fundamental Principles of DeFi

Peer-to-Peer Transactions: Peer-to-peer transactions are made possible via DeFi platforms, eliminating the need for middlemen. Interaction between users is possible through lending, trading, investing, and borrowing of financial products.

Smart Contracts: Self-executing contracts, or smart contracts, have their terms encoded directly into the code. These contracts lessen the need for human interaction by automating a number of financial operations, such as trading, borrowing, and lending.

Interoperability: DeFi initiatives frequently work together to facilitate the easy transfer of assets and data between various DeFi platforms. The variety of financial services that are offered is increased and innovation is encouraged by this interoperability.

Transparency: The ability to audit transactions and smart contracts in real-time is made possible by the transparency of blockchain technology. Users can ensure system confidence by using the blockchain to verify transactions.

Open Source: DeFi projects often have open-source software, which means that anybody can examine and contribute to the code. This encourages cooperation and the creation of fresh financial ideas.

Comparison of DeFi and Crypto Banking

Despite their strong ties to blockchain technology and digital assets, crypto banking and DeFi are fundamentally different from one another:

Decentralization Vs Centralization: Centralized platforms, those run by a single organization that may handle user funds and transactions, are frequently used in cryptocurrency banking. On the contrary, DeFi runs in a decentralized fashion by eliminating middlemen and instead depending on blockchain technology and smart contracts to handle transactions.

Services Provided: Numerous financial services are available with crypto banking, although they are usually offered by a single platform or organization. Conversely, DeFi comprises a wider range of interconnected platforms and applications, each focused on certain financial services, forming a more expansive ecosystem.

Accessibility: DeFi operates on open-source systems that are accessible to anyone, with the goal of being more inclusive. On the other hand, users of cryptocurrency banking frequently have to abide by the guidelines established by the platform or organization.

Ownership and Control: Users that keep their digital assets in their wallets with DeFi retain complete ownership and control over those assets. In cryptocurrency banking, members entrust their assets to the platform, which usually maintains custody of the funds.

The Advantages of DeFi and Crypto Banking

Benefits of Cryptocurrency Banking

Integration with Traditional Finance: Cryptocurrency banking makes it simple for consumers to handle both cryptocurrencies and conventional fiat money by bridging the gap between traditional and digital finance.

Compliance and Regulation: A lot of cryptocurrency banking platforms follow financial rules, giving consumers some kind of consumer protection and regulatory monitoring.

User-Friendly Interfaces: These platforms are available to a wider audience since they frequently provide customer support and user-friendly interfaces.

Benefits of DeFi

Accessibility: DeFi promotes financial inclusion by being available to anybody with a digital wallet and an internet connection.

Reduced Expenses: By doing away with middlemen, users may pay less, which increases DeFi’s profitability for financial services.

Global Reach: Users can access financial services and possibilities from any location in the world because of DeFi’s borderless nature.

Transparency and Confidence: Because users can validate transactions and contracts on the blockchain, the transparency of blockchain technology promotes confidence in DeFi systems.

Their Limitations and Risks

DeFi and cryptocurrency banking both come with a set of risks and challenges.

Risks and Challenges in Cryptocurrency Banking

Custodial Risk: Users of cryptocurrency banking systems are required to trust the platform with their money, which poses a risk in the event that there are problems or security lapses.

Uncertainty in Regulations: Regulations pertaining to cryptocurrencies and crypto banking are subject to change, and these platforms may be impacted by these developments.

Concerns about Security: Despite the fact that many platforms have strong security safeguards, data breaches and hacking can still occur on any system.

Risks and Challenges in DeFi

Vulnerabilities in Smart Contracts: There may be flaws in smart contracts that, if taken advantage of, might cause users to suffer large financial losses.

Lack of Protection for Consumers: Users may have fewer options for appeal in the event of disagreements or problems because DeFi operates in a more decentralized and trustless environment.

Market Volatility: DeFi platforms frequently feature highly volatile assets, which could result in profits or losses.

Future of DeFi and Crypto Banking

Innovative approaches and seamless interaction with conventional financial systems characterize the future of DeFi and crypto banking:

Increased Adoption: We may anticipate a greater uptake of DeFi services and cryptocurrency banking as both industries develop and more individuals become aware of the advantages of blockchain technology.

Regulatory Clarity: As these industries operate, regulations governing crypto banking and DeFi will continue to develop and provide clearer standards.

Interdependence: It’s likely that the distinctions between DeFi and crypto banking will keep on blurring when conventional banking institutions incorporate DeFi ideas and blockchain technology into their products.

Enhanced Security: Continuous improvements in security protocols will increase the threat resistance of DeFi and cryptocurrency banking systems.

New Financial Services: DeFi will keep innovating and providing fresh financial services and solutions, which will challenge traditional financial systems.

In Summary

The financial services industry is undergoing a revolution because of cryptocurrency banking and Decentralized Finance (DeFi). Crypto banking provides a helpful link between the worlds of traditional finance and cryptocurrencies. DeFi, on the other hand, is a catalyst for change in the financial industry since it embraces the concepts of decentralization and accessibility. Both have particular benefits and drawbacks, but as they develop, the financial ecosystem will probably become more inclusive, safe, and well-integrated. As these sectors develop more, they will provide consumers with additional choices and opportunities to innovatively invest and manage their assets.

Cryptocurrency: Risk or Opportunity?

The cryptocurrency faze has spread through the investment industry like wildfire. Many people are jumping on the bandwagon because they believe they can make a significant amount of money in short order. But can you? Before jumping in, it is advisable to find out everything you need to know about how cryptocurrency works. It can be risky. And just like you can make money, you can also lose it.

What is cryptocurrency?

Cryptocurrency is a digital money that is used to make investments or buy goods and services. There are several types including Bitcoin, Dogecoin, Ethereum, Litecoin, and much more. These types of currencies can be highly volatile and sometimes abused when used by certain people.

There are pros and cons to using cryptocurrency. As previously stated, you can make money with it, but there are also many individuals who get scammed out of a significant amount of money every year. You have to be vigilant and be aware of the many dangers associated with cryptocurrency. At the same time, you have to make a choice of whether you can actually make money.

While cryptocurrency investments are trending upward, a Pew Research Center poll shows that only about 16% of Americans have actually traded or invested it. That is pretty low in comparison to stocks, which 56% of Americans have owned. That clearly shows that most people are a bit apprehensive when it comes to crypto.

Crypto Investment pros and cons

One of the main reasons why people tend to make risky investments with crypto is because they believe they can turn a significant gain over a short period of time. There is also the promise of rapid growth. Well, both can be true. The crypto market is forever changing so the same money you stand to make in short order can also be lost. At the same time, a few cryptocurrencies have proven to be stable in the long term.

Investors should also take a look at how the SEC regulations affect cryptocurrency. China is another country that has often give crypto the side-eye. In fact, they have banned it at least 20 times because they firmly believe there are too many illegalities to ever make it legitimate. China’s announcements on banning cryptocurrency also has an adverse effect as it often makes the price of Ethereum and Bitcoin drop dramatically.

If you want to understand how cryptocurrency works, it is a good idea to find out the types of tokens and their respective uses:

  • Utility – The tokens associated with this utility have specific blockchain functions.

  • Transactional – These tokens are used for making payments. Bitcoin and Ethereum are the most popular examples.

  • Governance – This type of token is used for voting on a blockchain

  • Platform – Used to support built applications on a certain blockchain

  • Security Tokens – This represents asset ownership and if can find a tokenized MS Token for sale, you can become partial owner.

Are cryptocurrencies safe for investment?

The general consensus is cryptocurrencies have gained a less than stellar reputation over the years due to hacks, bugs, and volatility. Many investors have lost a significant amount of money due to fraud. Additionally, there are many risks that investors should be aware of:

  • User Risk – Once you send out a crypto transaction, it is gone and there is no way to retrieve it. It is estimated that nearly one-fifth of bitcoins are sent to wrong addresses or cannot be accessed because of lost passwords.

  • Regulatory Risk – This is still unclear because many governments are still trying to regulate them. Crackdowns from several countries poses a real challenge.

  • Counterparty Risk – The reliance upon exchanges can be bad. These third parties can and have stolen investments.

  • Management Risk – Because there are no clear regulations, manage manipulation can lead to massive losses due to mismanagement.

  • Market Manipulation – This is also a huge issue. Certain organizations that are unethical can cause serious problems.

How can you purchase cryptocurrency?

Many cryptocurrencies can be purchased through a number of exchanges like CashApp, Coinbase, Venmo, and many more. You can also make investments through a number of derivatives like Bitcoin trusts.

Cryptocurrency advantages and disadvantages

The currency was created to shake up the financial infrastructure. But like any other revolutionary creation, there are advantages and disadvantages:


  • Single points of failure are removed

  • The transfer of funds is made easier

  • Third parties are removed

  • Returns can be generated

  • Remittances are streamlined


  • Because transactions are pseudonymous, which makes it easier for criminals

  • Crypto is highly centralized

  • The cost is high to participate and earn money

  • Many off-chain security issues

  • Can have extremely volatile price

The bottom line is, the verdict is still out on whether or not cryptocurrency is a risk or opportunity. They are highly speculative and individuals who want to invest should do so with the greatest level of caution. In addition to the volatility, there are a number of scamsters who prey on unsuspecting victims. Thousands of people are ripped off every year and lose massive amounts of money due to cryptocurrency schemes.

Before you dip into the pool, understand the risks and take the necessary steps to keep your assets safe.

Cryptocurrency and Scams: What You Need to Know

Cryptocurrency like Bitcoin, Ethereum, and Dogecoin is a type of digital currency used to make purchases online. While the use of cryptocurrency has skyrocketed over the last five years, so have the scams used to steal money from your bank account or to make fraudulent credit card purchases.

These scammers are brazen and will stop at nothing to steal from unsuspecting people. If you don’t want to be the victim of a scam artist, it is up to you to be vigilant. You must take the necessary steps to keep your information safe and secure.

There are two types of cryptocurrency scams:

  • The scammer using fraudulent tactics to get into the individual’s digital wallet. The scammer somehow gains access to security codes or even finds ways to access your smartphone or computer. According to the FBI, over 300,000 people were defrauded by this scam in 2022 and scammers defrauded people out of over $52 million

  • Schemes where cryptocurrency is transferred directly to the scammer by fraudulent means. The scammer often uses tricks and manipulation to gain the target’s confidence.

The investment scam is often the most popular of all. It usually involves some type of get rich quick scheme or the promise that you can make a lot of money in short order. In most cases, these scams are found on a social media website, or you can also receive it through text or email. It has the requirement of you making some type of investment or payment. The following shows key details of the investment scam:

  • Investment manager contact – You will be contacted out of the blue by someone who promises to double, triple, or even quadruple your money. You will be steered to a fake platform that looks very real. But once you try to withdraw your money you will run into problems and will often be asked to pay a high fee to gain access.

  • The celebrity scammer – While the so-called celebrity won’t call you, a person will send a link for you to click on or a QR code. If you click on it, your money will be gone.

  • The romance scam – This is another highly popular scam that thousands of people fall victim to every year. Scammers will target certain individuals and make them believe they are in a relationship. They will woo the person and once they have gained their confidence, the focus shifts to cryptocurrency opportunities. The individual will often transfer the money and on average get swindled out on average about $4,400. The overall amount in 2022 was $1.2 billion.

Here is a list of some of the other most popular cryptocurrency scams:

  • The Love Interest Scam

  • Free Money Scam

  • Job Impersonators from the government

  • Fake Job Sites

  • Fake Law Enforcement

1. Some of the best ways to avoid these types of scams is to understand how the government works. First of all, no government agency will send you a text message, call you, or send you an email asking for you to use cryptocurrency to make a payment.

2. Never click on any of these links if they are sent to you even if it is a recognizable company.

3. Never pay anyone who contacts you regarding paying with cryptocurrency

4. No legitimate job will require you to pay a fee or ask you to pay with cryptocurrency. If this happens, you rest assured that you are dealing with fraud.

Another key way to determine whether or not it is a cryptocurrency scam is by reading the white paper. Before the cryptocurrency goes through a development process, a readable white paper is published. It gives a very detailed outline and description of everything pertaining to the blockchain protocols and formulas.

You can get ahold of the white paper and examine it for yourself. If it is poorly written with grammatical errors, lack complete figures, or simply looks fake, it probably is.

Where do you report cryptocurrency scams?

If you have been a victim of cryptocurrency fraud, you should reach out to the following agencies:

  • The Federal Trade Commission (FTC). Fill out a fraud report online

  • Commodity Futures Trading Commission and fill out a complaint form

  • Securities and Exchange Commission. Follow the link and fill out a fraud report document.

  • FBI Internet Crime Complaint Center and lodge a complaint online.

Once you file a complaint, these agencies will do a thorough investigation. Thankfully, many federal organizations are doing a good job of identifying the scamsters and putting them in jail. However, not all of these fraudsters are getting caught. They come up with a new scheme literally every day. So the only way you can prevent yourself from becoming a victim is by recognizing the frauds.

If it looks too good to be true, it likely is. Scam artists are very clever and can send you website links and other information that seems very real.

The bottom line is, people see cryptocurrency and get excited. They believe they can make a ton of money very quickly and that often is not the case. Trading cryptocurrency is fine as long as you understand the process. Just make sure you understand what to look for and not fall victim to a scammer. There is no guarantee that the individual who scammed you will be brought to justice. And the chances of you retrieving the money you lost is somewhere between nil and non-existent.

Things to Remember for Crypto Virgins

Digital currencies have been largely volatile since being introduced over a decade ago. The good thing about that is volatility can create profit opportunities especially if you are looking at the trading aspect of crypto. Crypto currencies such as BTC and ETH have gone up in value tremendously in their debuts, but their value is now down significantly from the peak they once reached.

The same can be said about a multitude of other crypto currencies. People who have been playing the crypto game have been speculating for years, but how can you get started if you are a newbie in the digital currency market?

Here are some steps for beginners that are just now taking the plunge into the crypto ocean.

The first thing you want to look at when investing in crypto is your finances. They need to be in order before ever considering diving into the crypto market. Having an emergency fund in place is paramount along with a manageable debt level and a diversified portfolio of investments.

Your crypto investments will become another part of your current financial portfolio and that will hopefully raise your total returns.

Here are five more things you need to pay attention to as you are starting in the crypto market.

Do the work!

As with any new business venture or any venture period you need to understand exactly what you are getting into. As with buying stocks, it is as with any new business venture or any venture period. You need to understand exactly what you are getting into. As with buying stocks, it is smart to read and analyze the annual report and SEC filings regarding the companies you are investing in. With cryptocurrencies, there are thousands to choose from. They all function in different ways, and new ones are created every day. You need to do the homework on each one you are thinking of buying into. In short, do not be lazy, do not buy into the hype, do not listen to your friends. Do the work yourself and find out exactly what you are putting your hard-earned money into.

Most digital currencies are backed by nothing at all, thin air so no hard currencies or cash flow backing up the underlying entity. BTC is a good example of that investors in BTC rely exclusively on someone paying a higher price for the asset than they paid. Unlike the stock market where companies gore their profits and drive your returns through those means, crypto relies more on the market being optimistic and bullish to see profit.

Keep an eye on volatility

The value of digital currencies is as volatile as an active volcano. The drop was as fast as a lead balloon based on nothing more than a baseless rumor. For the more sophisticated investors this can be a good thing because they can trade fast and have a rock-solid grasp on the fundamentals of the crypto market and its trends. For newbies lacking these skills, it is more like a minefield on D-Day storming the beaches of Normandy.

The volatility of the market is what separates the men from the boys. The ones who get scared get out fast. The most savvy investors buy the crypto while it is low, betting on it going up and then selling at a profit.

Leave the past where it is

One of the first mistakes many new crypto investors make is looking into the past like Marty Mcfly in his DeLorean, then taking that information and extrapolating it to the future. But as Marty Mcfly found out, messing with the past can erase your future. When BTC first hit the world stage, it was worth pennies. Now it is worth much more. The question that has to be pondered is, will that growth continue? BTC right now is worth 34k USD but it reached as high as 60k in the past so keeping an eye on trends is important and even more important is speed. What is worth 60K USD today could drop to 20K tomorrow. In short, look at what will drive future returns. A crypto investor needs tomorrow’s profits not last month’s.

Risk Management

Managing risk is something you should master in any short-term investment. That is even more true with crypto currency. As a newbie to crypto, you will need to learn how to best manage your risk and come up with a process that will enable you to mitigate losses, and from person to person, that process can be different. It is whatever fits you and your thought process best.

Example: Long-term investors may simply not be selling regardless of the price. That mentality allows the long-term investor to stick to that mentality.

Example: Short-term traders may have strict rules on when to sell, like when an investment loses 10 percent, they dump it. This process makes sure a relatively small loss does not crush you later.

Newbies should set aside a specific amount of money to trade with and only use a portion of that, at least in the beginning. If an investment goes the wrong way, they still have backup money to trade with later. You cannot trade if you do not have money to trade with. So keeping a backup stash ensures you will always have funds for trading.

Never put in more than you can afford to lose

You should always avoid putting the money you need into any speculative asset. If losing all of it will break you, then you can’t afford to invest it into risky propositions such as crypto.

Whether it is money for your daughter’s wedding, the mortgage, a new boat, et cetera, the money you need to live the next few years should be kept in safe places so it will always be there when you need it. One way to ensure a positive return is paying off debt. That guarantees you will earn or save whatever interest rate was tacked onto the debt. That is a game you can never lose.

Lastly, if you are using an exchange or broker, make sure their security is air tight – I mean tighter than a Pentecostal girl on prom night. You may own those assets they are managing for you, but they have to secure them. That is why a lot of crypto traders choose to invest in crypto wallets to put their coins offline so they are impossible to hack.

Crypto trading is not for the weak but can be a very profitable investment if done right and with caution.

Good luck future crypto millionaires!!!!





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