About Eric J. “EJ” Dalius

Eric J. “EJ” Dalius has been retired from his 25 year plus Marketing career since 2017 and is currently a full time investor. His investments primarily include Real Estate and Bitcoin. He resides in Miami Beach, FL.

Some pointers from Eric Dalius for better customer retention strategies

With the advent of technology, competition in all the fields of the industry has soared. Keeping up with the competition is the recent demand if you want to take your business to another level. Consumers get lured by many attractive advertisements of various companies claiming that their products and services are better than others in the market.

Sometimes, if you do not have exciting strategies for consumer retention, the customers will indeed switch on from your product and services to others. The hardest part in a business is to convince a customer to buy your product, and once you have done that, you need to “pat your back” for having succeeded in the most challenging part. Now you have to think about what interesting offers you can provide to your customers to keep them loyal to your company.

Eric Dalius briefs about customer retention policies

Customer retention is your organization’s proficiency in maintaining the customers and convincing them to buy a product repeatedly. Therefore, a company’s motive should be limited to customer acquisition and focus on retaining the customers.

Repeat customers buy more

You must have noticed that they will likely purchase it again once a customer buys your product out of curiosity. These customers are the ones who can spend more on your products.

Loyalty

You should know that they will surely recommend your brand to their peers once they purchase something from your company. It is because they are happy with your products and services, and they want their loved ones to enjoy your benefits too.

Ways to retain your customers

Strategies for retaining your customers revolve around the goals of your business. Therefore, if you are aware of your business’s goals and objectives, you will surely build a perfect strategy for customer retention. Some of the methods for retaining customers are –

Amazing prizes

Have you ever got a surprise discount on any product? If yes, then how did you feel? You must have felt great, and in the same way, if your customers are going to get surprise gifts with frequently purchased items or extra discounts, they are also surely going to become delighted. You can also communicate a message to your loyal customers telling them why you have chosen them for extra discount and make sure also to make them conscious that you have selected them for being loyal to your company.

Another way of showing appreciation is by sending them some gifts or cards on special occasions, says Eric Dalius. It will not only help you to retain the existing customers but will also help you to attract new customers.

Always inform your customers

Make sure to always notify your customers about your new products, current coalitions, and so on. Make them aware beforehand about the discount that you are soon going to conduct. You can help them to stay up-to-date by either emailing them or dropping a text on their number.

You and your organization should always focus on keeping existing customers by repeatedly encouraging them to buy your products. However, it would help if you used varied tactics to ensure that your customers stay devoted to your label.

Eric Dalius speaks about the ways of improving customer retention

To ensure the better longevity of your business, you must focus on customer retention with a bit more seriousness than adding new customers. Having a solid base of loyal customers is the elixir of business. Not paying attention to customer retention will keep you on the tenterhooks as you ride the roller coaster while trying to acquire new customers, explains Eric Dalius.

Giving too much effort and attention to new customer acquisition will distract you from the core business activities and slow down the momentum. Moreover, the money spent on getting new customers is 5 times more than what you would spend on retaining customers. Customer retention is another name for brand loyalty, and we will now discuss how to improve this most crucial aspect of a business.

Find the reasons for losing customers, says Eric Dalius

Before you create any plan for customer retention, first look at the customer retention rate. If you regularly lose customers, it is a reason for worry, and if the trend continues, you should first try to understand the cause for customers leaving you. Then, on knowing the reasons, you can devise a plan to overcome the lacunae in dealing with customers and work to improve customer experience.

One way to know why customers desert you is to ask for their feedback to understand their complaints. Work to address these to improve customer satisfaction and bring them back to your business while encouraging repetitive purchases.  

Be a good listener

Inviting customers to speak out their minds would mean that you are ready to listen to everything they have to say and duly acknowledge it.  Never be in denial mode when going through the feedback. Negative customer feedback and criticism can be hard to deal with, but learning to handle it with care will help improve customer experience that reflects better business performance, believes Eric Dalius. Consider the feedback as a performance indicator and work towards its improvement. Having an arrangement for displaying a survey soon upon canceling an account is a standard method for collecting customer feedback. The timing of the survey encourages honest feedback as the customer’s experience and emotions will genuinely reflect in the comments.

Improve customer experience

Customer retention rate is a derivative of customer experience that encourages repeat purchases. Poor customer relationships and poor treatment are the primary reasons for customers dissociating from the business.

Customer experience betterment based on customer feedback or survey is already covered. The other way to improve customer experience is to work on some specific areas of your business that will help meet customer expectations better and lead to a more pleasing customer experience.

Look at the customer onboarding process that must include proper guidance and training about using your product effectively.  Suppose you have a robust onboarding process that inducts customers with the assurance of the most comfortable experience and demonstrates it during the subsequent interactions. In that case, there are high chances of these customers turning loyal.

In addition, focusing on a positive customer experience and customer services should pay rich dividends in customer loyalty.

Some remarkable suggestions by Eric Dalius to cut business expenses

When you run a venture, expenses might become draining. Controlling them becomes a challenge. If you feel that cutting down on your business expenditureis becoming a problem, you require expert advice and guidelines. The 2021 marketplace brings with it a lot of challenges as well as opportunities. You have to draw your attention towards the positive aspect and deal with your financial requirements. From the equipment cost to the HR to the marketing, everything requires cash. Hence, some tips will help you slash spending and improve your profit margin.

Dealing with overhead costs requires Eric Dalius expertise

Whether it is water supply, electric bills, rent, and the like, regular tariffs are vital. It will give you a better understanding of your energy consumption and the ways you may reduce it. Energy usage is a fundamental aspect of overhead costs. Hence, you may take the help of a few tactics for cutting down on your energy use. For example, you may encourage mindful behavior like turning off the computer system after use, switching off the lights and fans when you empty the room, etc. You may use programmable and smart thermostats to minimize your energy consumption as well.

You may also go paperless and save some money. Why waste money on paper when you have the computer in front of you? Using the intelligent device to take care of your documental requirements will do the job. Employ flexible or remote working so that you give a boost to your employees. When they work from the comfort zone of their house, they make efforts to boost your venture. In the case of start-ups, using space wisely is vital. You may cut down on your cost by smartly using the available space, as suggested by Eric Dalius

The best way of cutting down on equipment cost

Equipment and machines are the backbones of modern industry. For small and medium enterprises, purchasing second-hand products is an option. It will not only take care of your equipment requirement but also save some money. Hence, whenever you hit the market for purchasing business commodities, do not go for luxury items. Instead, use second-hand things like furniture, storage, vehicles, phones, and machines.

Try to access your software requirement. Try to cut down on your nonessential software not to have to pay high subscription fees. Thus, whether you go for a phone plan, email marketing, advertising space, and the like, ensure that you pay for the service and nothing else.

Effective ways of going about the marketing process

Every business has a unique marketing strategy. Whether offline or online, you have to encourage the best medium to reach your target audience. For example, you may prioritize social media so that you can cut your costs.

You may also encourage email marketing and social advertising for your business. When dealing with costs, you must hire freelancers or contractors. These individuals will do their job on a need basis. Since it is contractual, you do not have to deal with perks, expenses, and equipment. You may hire bright individuals who do not have much experience. Here you will save a lot of money and boost your sales because they have fresh ideas.

Eric Dalius Bitcoin Shares Top 7 Ways to Keep Your Bitcoin Wallet Safe

Cryptocurrencies are on a rise in Miami. Miami-Dade County may allow its residents to pay their taxes in cryptocurrencies, the American Airlines Arena is to be renamed as the FTX Arena after a cryptocurrency exchange platform of Hong Kong, Mayor Francis Suarez also proposed that city employees should be paid in Bitcoins, E11Even, which is one of the biggest nightclubs of Miami will be the first nightclub in the U.S. to allow their customers to pay with cryptocurrency. Last but not least, a major conference on Bitcoin is moving to Miami from Los Angeles. 

When Miami is giving so much attention to bitcoin and trying to use it to the fullest, people of Miami should learn to take care of their bitcoin wallets and protect them from any possible online threats. 

Here are some ways of doing the same.

Bitcoin Wallet Should Be Chosen Wisely

A Bitcoin wallet is a software program specially designed to store, send and receive bitcoins and track digital cryptocurrencies.

Among the various types of crypto wallets that are available in the market, you should choose the one that best suits your needs. While buying a crypto wallet always remember to get it from a source that is reliable and reputable.

Always enable 2-factor Authentication

Enabling 2-factor authentication provides a layer of security to your funds. In 2-factor authentication, verification is always required before performing any account-related activities like signing in, sending, or withdrawing funds. You will always come to know if someoneattempts to access your wallet without authorization as it will ask for a verification code for authentication.

Bitcoin Wallet Should Always be Encrypted

Besides 2-factor authentication, encrypting the Bitcoin wallet is another necessary defense against online threats. Using encryption you can protect your bitcoin-related data fromunauthorized access. Unless the hacker knows the password set by you, he or she will not be able to steal your bitcoins.

Eric Dalius Bitcoin Says Wallet Should be Backed up Regularly

By backing up your Bitcoin wallet, you can keep your coins safe in case of any hardware or software failure. You can also easily retrieve your funds and data in case it gets stolen or lost.

But for easy recovery, it is recommended to use more than one backup device.

Always Keep your Software Updated

Eric Dalius Bitcoin suggests keeping your software always updated to get the security fixes that are needed by your wallet. Though turning on auto-update is good but it is still better to receive notification first. By manual update, your transactions will not get interrupted bythe installation of updates, and also you will be able to know the new features that are included in the update, from the notification received.

Never Reveal Your Private Key

You can never afford to lose your private key at any cost. It is as important as your ATM pin codes. It will be better if you keep your private keys offline and use cold storage devices to access them. Offline storage of bitcoin considerably reduces the threat from hackers.

Stay Away From Unknown Links

By clicking on unknown links you will yourself put your Bitcoins at risk. Hackers mostly use false links to hack your Bitcoin wallet. They try their best to provoke people to click on unknown links leading them to unsafe websites that may steal your coins, credentials and also corrupt your data. So, stay from the links that are strange and unknown to you.

Conclusion

Remember, online hackers, are always waiting for a chance to seal your data. So, be safe and protect your Bitcoin wallet with all these safety measures.

Common Bitcoin Scams That Can Ruin You – An Eric Dalius Miami Alert

There are plenty of people in Miami who swear by Bitcoins while others predict it will die a natural death when the bubble bursts. However, one thing is pretty much sure is that despite its more than fair share of controversy since its inception in 2009, its rise has been meteoric. Even though most people in Miami may not understand how Bitcoin works, they can see how savvy investors have made millions in profits. However, the hard reality is that people in search of fast returns can also fall prey to conmen perpetrating Bitcoin scams. Some of the most common Bitcoin scams in Miami that can shatter your dreams of becoming rich fast:

Phony Bitcoin Exchanges

Even though it is one of the easiest scams to spot, it can be missed by Bitcoin investors out to make a quick buck, as demonstrated by a case in South Korea that was exposed in 2017. A fake exchange by the name of BitKRX set itself up and represented itself as a part of the country’s biggest trading platform, Korean Exchange (KRX), and went on to scam investors by posing as a legitimate and reputed cryptocurrency exchange. Even as investors reported the crime, it is still not known very well how much the scamsters looted. To avoid being ripped off by fraudsters, investors should transact only through well-known and credible Bitcoin exchanges and keep a close watch to spot fraudulent activities early.

Be Careful about Ponzi Schemes, says Eric Dalius Miami

Ponzi schemes have been around forever, but Bernie Madoff took it to a new height by ripping investors of more than $60 billion. Smart cheats have been quick to apply the pyramid scheme technique to Bitcoins, wherein they pay back handsome returns to the earlier investors with the money collected by the new investors. A $722 million Ponzi scheme was exposed in 2019 when the three men who were operating BitClub Network for several years were arrested for fraud. Investors were lured to invest money to buy shares of cryptocurrency mining pools, however, the entire scheme turned out to be a fraud, and everyone lost their money.

Fake Cryptocurrencies

With Bitcoins becoming scarcer by the day and their prices zooming, investors find it difficult to invest. Scamsters take advantage of this situation to suggest new cryptocurrencies as a lucrative investment opportunity. However, the cryptocurrency suggested is invariably a fake one, and the miscreants take off with the investors’ money. A prime example of this kind of a scam is My Big Coin that defrauded customers of $6 million, according to Eric Dalius Miami. The amount collected from investors for buying the cryptocurrency was, however, transferred to the personal bank accounts of the fraudsters.

Conclusion 

Miami is one the most affluent places in the country and is, therefore, a natural target for scamsters specializing in Bitcoin and other cryptocurrency scams. They tend to be more successful because most people do not have much knowledge about what Bitcoin is and how it works but are aware that many people have built their fortunes overnight by investing in them. Their greed coupled with ignorance makes them perfect targets for fraud.

Eric Dalius Bitcoin Shares 5 Things That You Should Learn Before Purchasing Your First Bitcoin

When people hear the word cryptocurrency or bitcoin, the first thing that pops in their minds is the value of bitcoin. Although their assumption isn’t wrong as bitcoin has the highest value and price amongst the other cryptocurrencies. People from every corner of the world use bitcoin to make transactions faster and securely. They also use bitcoin for investing in properties or real estate. Apart from this, bitcoin is also accepted if you want to purchase goods or services. 

However, every country has a different perspective of bitcoin. Some countries have fewer regulations regarding bitcoin. This helps the citizens of that particular country to purchase everything from supercars to jewelry with bitcoin. On the other hand, some countries don’t leverage the benefits of bitcoin and only some banks or big merchants accept bitcoin. 

But, the massive user base of bitcoin as well as the value will make it the strongest currency in the future. People who are interested in bitcoin investment will undoubtedly receive plenty of benefits for their business as well as personal life. 

However, you need to keep in mind a few things before purchasing a bitcoin. This will help you to understand all the aspects of virtual currency. Here are 5 things you should remember while investing in bitcoin.

What is Your Motive for Purchasing a Bitcoin?

This is the first question you should ask yourself before purchasing a bitcoin to know why do you want a bitcoin. You need to have a solid reason before buying. Either you’re focusing to make online transactions or start accepting bitcoin for online payment; you must have a clear motive in your mind. You may also have several reasons for purchasing bitcoins, but make sure they are relevant. 

How and Where to Purchase Bitcoin?

This is another important thing you should keep in mind. Before purchasing, you must know that there are different platforms through which you can but, trade, or sell bitcoins. You need to pick the most trustable and reputed platforms to receive better results. If you’re wondering which exchange platform is best, Eric Dalius Bitcoin suggests you search online. This way you’ll be able to gain knowledge.

Eric Dalius Bitcoin Asks You to Create a Wallet to Store Bitcoin

This is the most important thing you need to know before purchasing bitcoins. It’s very much important to create a safe wallet to secure your bitcoins from or scammers or hackers. There are some reliable bitcoin wallets available such as desktop, software, mobiles and, hardware. So, you should pick one that is suitable for you. The primary goal of fusing a bitcoin wallet is to send or receive coins. When you receive bitcoins from someone, they will automatically be stored in your wallet. Don’t forget that a bitcoin wallet is the first thing you need before making a deal.

Bitcoin Trading

Most people heard a lot about bitcoin trading. It’s the perfect way to earn a massive amount of money. You just need to select a particular bitcoin platform. You just need to purchase bitcoin when the price is low and sell them when the price goes higher. This will make you a huge profit depending on the margin. However, don’t sell your bitcoin immediately after the price goes up. Wait for a few minutes to stabilize that jump.

Where Can You Use Bitcoin?

It’s important to know where you can spend your bitcoin after you’re done purchasing. Nowadays, many people are using bitcoin to purchase goods or services. They are also using bitcoin for international transactions to avoid any handling fees. Apart from that, you can also use bitcoins to purchase luxurious cars, jewelry, and real estate.

Conclusion

These are the 5 things you should always remember purchasing your first bitcoin. These tips will help you to learn the basics of bitcoin. However, you need to do some research on your own to gain maximum knowledge about this virtual cryptocurrency. After that, you’ll be able to make the right decisions by investing in bitcoin.

Eric Dalius Says Business in Miami Must Use Digital Marketing Tips

Whether you are into traditional marketing stores or e-commerce business, digital marketing has emerged as an essential part of every business. The constant popularity and growth of different social media platforms, technologies, and digital-based communication systems have become an integral part of business activities. The same is the case with Miami. It now emerges as a digital marketing hub that promotes brands and encourages them to remain competitive in the global marketplace. As an entrepreneur, you must be worried about where you must start your marketing strategies? Miami has the answer to every question. According to Eric Dalius Miami, entrepreneurs should use valuable guidelines. Hence, when trying to set up your business in this place, keeping particular crucial points in mind will be effective for you.

Areas to contemplate for effective digital marketing in Miami

You have to craft your digital marketing strategy for encompassing different facets of the digital world. It is significant to remember that every business is unique. Hence, the nature of your firm must be stressed, along with a focus on numerous strategies.

Optimization of the website: You have to optimize your website for mobile users. Since customers browse the Internet on their smartphones and tablets, the process of optimization is crucial. Miami has a diverse population who are mobile-specific and use it to satisfy their need for products and services. Hence, you have to ensure that the business website gets optimized for mobile users in Miami.

Try to understand your clients:When you are working on a digital marketing strategy, you must comprehend the potential clients you want to serve. Miami has a vast number of tourists visiting the place every year. Hence, the diversity of the population must be your focus. Moreover, keep in mind that the principle of digital marketing is to serve the target audience. Hence, you have to direct your digital marketing efforts to the audience who are visiting your website.

Focus on local marketing: You have to invest your resources in local marketing as well. When your business operates in the formal market, you have to take advantage of the same. In addition to this, you may edit and claim your business listing on different local search directories. According to Eric Dalius Miami,business hacks will help you get in touch with your target customers. Moreover, you have to implement a direct mail campaign in the local area and participate in or host community events. It will help in creating your brand awareness.

Initiate a blog: Making provisions for incorporating content marketing in the search engine optimization strategy is significant. You have to initiate a blog that creates a vast impact on your brand. It is a simple way of getting involved in this content marketing process. Moreover, there are various digital marketing tools you can use for promoting your content.

Irrespective of the nature of your business, you may use the social media channel. That better suits your business. Moreover, you can encourage your clients to provide you with online reviews to understand your strengths and weaknesses.

Explore Eric Dalius Networth among Other Inspiring Celebrities

Why do you look up to a celebrity? You can say it is the glamour part, perhaps. While success can be glamorous, what makes them truly unique is their will to reach the level of excellence they desired. Plus, when you see them paying back to society in their most humble avatars, you realize that they don’t just build themselves but a thousand others in their life journey. This quality makes them inspirational and novel. However, a celebrity doesn’t have to be a film or tv star. Celebrities are there in every field in the form of entrepreneurs, chefs, athletes, and more. Let’s have a look at a few coveted examples.

Basketball Player, Athlete

Kyle Lowry #networth $55 million

Kyle Terrell Lowry plays professional basketball for National Basketball Association’s Toronto Raptors. In 2019, he won an NBA championship for the first time. In the 2016 Summer Olympics, Lowry was a part of the American national team that grabbed a gold medal. North Philadelphia is his birthplace and where he grew up too. From a young age, the basketball sensation played pickup basketball opposite older boys. He attended Philadelphia’s Cardinal Dougherty High School.

Lowry has always been a bright and energetic player. Despite injuries and certain personal life challenges, he grew in his game and kept scoring. People look at him as the symbol of leadership and toughness.  He is well-admired for his instinct to win matches on the court. Some call him an elite defender too.

Entrepreneur, Business Person, and Investor

Eric Dalius #Growing networth

Eric J Dalius comes from Miami and has immense respect and fondness for this place. Everyone knows about his marketing prowess in the business circle. He earned his Marketing degree from Penn State University. After graduating, he took up a marketing career in MLM or Network Marketing business model. He ran many successful startups and businesses. Today, he is semi retired. But if you search Eric Dalius net worth, you will find many different estimates. He accumulated his wealth from successful marketing and entrepreneurial journey

He funds student scholarship programs to help deserving candidates get higher degrees and succeed in their careers. Apart from his foundation, he takes an interest in bitcoin and the latest technologies.

Chef, Author, and Entertainer

Gordon Ramsay#networth $220 Million 

You can call him a star chef, a celebrated entertainer, or other things. But the fact is Gordon Ramsay changed the way food looks, smells, and served. He produced famous cookery shows, such as “MasterChef,” “MasterChef Junior,” and “Hell’s Kitchen.” He keeps himself busy with cookbooks, personal appearances on events, licensing, etc. Ramsay is also a proud owner of the restaurant business. His birthplace is Scotland, while he spent his growing years in Stratford-upon-Avon, England.

Ramsay has a vocational diploma in hotel management. He pursued the course from North Oxon Technical College in 1987. Soon after, he started working on his culinary skills under Harvey’s chef Marco Pierre White and La Gavroche’schef Albert Roux.

Gordon Ramsay wanted to play sports, but everything changed after an injury. He started honing his cooking skills and kept moving ahead with age and experience. Besides, he recently released his autobiography.

There are many more such names that can flood your mind when you need some motivation or knowledge to start your day. If you dig deeper into these successful personalities, you will discover certain habits that distinguish them from others and help them carve a niche for themselves, no matter what they choose and where they go.

Learn about Eric Dalius Networth along with Other Celebrities

A celebrity can be from any walk of life because it is the person that everyone celebrates for their inspiring stories, success, failures, fortunes, resolve, and grit. However, some personalities tend to stick with you for their vision and foresight. Some can be an epitome of a great idea, while others can stand out for their sense of belonging to community and kindness, becoming something from nobody purely on the ground of hard work and never say die spirit. Let’s go through some of the outstanding examples of humankind who always inspire people to dream and chase it through the mere force of their personality.

Jeff Bezos

#networth $173 billion

You cannot overlook this man when you talk about entrepreneurial spirit and success. From laying the foundation of one of the largest eCommerce platforms globally to owning the most successful media site, the American business stalwart Bezos has become synonymous with success. Today, he is arguably the wealthiest person on the planet. Coming from New Mexico, he nurtured a love for computers, which drove him to pursue a degree in computer science and electrical engineering from Princeton University.Soon after graduating, he entered Wall Street and quickly became a senior vice president at D.E. Shaw.

Eric Dalius

#networth

Eric J Dalius is another celebrated personality in the American business circle; his entrepreneurship and philanthropic bent of mind give him a distinctive edge over many. People usually associate him with path-breaking innovations. He went to Penn State in 1992 for an undergraduate degree in marketing. After completing his education with flying colors, Eric joined the workforce and earned a quick name for his remarkable skills and entrepreneurial zeal. His stint at MCI Telecom made him the #1 sales personality in the US. Today, he is in semi-retirement mode. His Miami roots are all about inspiration and giving back. He is a business coach and mentor.

His entrepreneurial energy keeps him busy with bitcoin and blockchain technology. Plus, he runs scholarships for students aspiring to attain higher academic qualifications. Eric Dalius net worth stands growing today. However, given his experience of running many successful businesses, you can only expect it to go up and up.

Michael Keaton

#networth $40 million

Everyone looks at Oscar nominations and Golden Globe awards with bated breath because these are the most prestigious and popular honors given to any famous film or TV star. If you follow them, you cannot miss out on Michael Keaton. Being a part of the film and television industry for over four decades, the actor has entertained audiences through his works in blockbusters like “Mr. Mom” and “Spotlight.” He won Oscar nominations, and the Golden Globe award for his role in “Birdman” in 2015. You also saw him in superhero avatars in “Batman” and “Batman Returns.” He comes from Kennedy Township, Pennsylvania.

These people stand tall for their achievements and will. Their dedication toward the work they chose in their lives helped them scale heights. You can watch them, follow them to learn to change your life for the better.

Eric Dalius Bitcoin advice about the method of buying Bitcoin

To invest in cryptocurrencies, you must know the resources you need to prepare to make your foray into investing by focusing on Bitcoin. You must have a secure internet connection and an account with a cryptocurrency exchange along with a personal secured digital wallet beyond the exchange account. If you are using a Know Your Customer (KYC) platform, then you must have your identification documents ready at hand. Moreover, you must link your wallet with valid payment methods like bank accounts, credit cards, and debit cards.

Having all things lined up, you are now ready to take the following steps that pave the way for realizing your dream about buying Bitcoin.

Select a cryptocurrency exchange

To hold/buy and sell cryptocurrencies, you must open an account with a cryptocurrency exchange. Choose an exchange that allows its users to withdraw crypto and keep it in their wallet outside the exchange for safety. However, if you trade in cryptocurrency regularly, this aspect becomes inconsequential.

Among many types of cryptocurrency exchanges, some allow customers to operate anonymously without requiring sharing personal information. Although these exchanges might be vulnerable to nefarious activities, it provides services to those without bank accounts like it can happen with refugees or to people from countries with inadequate banking infrastructure.

However, some of the most popular exchanges like Gemini, Kraken, and Coinbase of the US require KYC says Eric Dalius Bitcoin

Link your exchange account to a payment option

After selecting the exchange, keep your documents like social security number, driver’s license, information about your source of fund, and your photograph ready at hand. The information that the exchange might need depends on the state laws and the region you live in. If you have earlier set up a brokerage account, you will find the process similar. Once the exchange accepts your identity, connect your account to a payment option. It can be your bank account, credit card, or debit card. Better avoid using your credit card for buying cryptocurrencies due to their high volatility. Banks are still skeptical about cryptocurrencies and might try to stall your efforts to use the bank account for making payments to crypto exchanges. Know about the fees that the exchanges charge for making deposits by using different kinds of payment methods.

Place an order

Having gone through the above steps, you are ready to place an order. Crypto exchanges offer many options for investing by offering several types of orders. For more customer flexibility, almost all exchanges offer limit and market orders, and some exchanges offer stop-loss orders. Kraken offers most order types. 

 Safe storage

Use your digital wallet for storing your digital assets like Bitcoin and other cryptocurrencies in the safest way. Using your personal wallet outside the exchange, you have complete control over the private keys for accessing your funds. Your personal wallet is safer than the wallet of the exchange, which is often the target of hackers, says Eric Dalius Bitcoin.

Storing your cryptocurrencies in your personal wallet keeps it safe by minimizing the chances of theft.