Get up to speed on crypto
What is VIBRA Finance
VIBRA Finance is a boutique cryptocurrency consulting firm. By offering a fresh approach to traditional financial institutions, we are committed to empowering and educating investors on how to securely own your digital assets (cryptocurrency “crypto” tokens or coins). Guiding clients step-by-step through the process of creating a portfolio that works for them. We provide education and guidance to confidently and safely navigate the market of digital currencies. We provide value with our extensive research, market knowledge and relationships with industry associates. We provide self-custody solutions, portfolio reviews and troubleshooting, as well as gaining exposure to crypto through stocks or other vehicles, not necessarily coins/tokens. VIBRA Finance is the path to successfully navigating the crypto markets early and safely. Are you ready to participate in the highest appreciating asset class in history? Tune in each week for our Cryptocurrency Weekly Market Review YouTube.
What is crypto?
Cryptocurrencies are simply digital assets that can be used as a medium of exchange without the need for any central authority. ryptocurrencies are simply digital assets that can be used as a medium of exchange without the need for any central authority. If that is something you are interested in learning more about, please schedule a quick 15 minute phone or zoom consultation with Lindsay, she is here to work with you one-on-one, step-by-step from the beginning. Call today (518) 914-9256.
What risks are involved?
Extreme volatility is the biggest risk. It is normal for coins to have 80% dips and then go on to do 100x. 3rd party risks also exist. As we just saw with Celsius and Voyager, not all exchanges are safe. Compiling multiple formats of analysis, our experience with time in this market is of value to you.
How are cryptocurrency transactions recorded?
Cryptocurrency transactions are recorded on a shared, digital ledger called a blockchain. This is decentralized technology, spread across many computers, that records every transaction.
Are blockchain and cryptocurrencies the same?
No. Blockchain is the technology that allows for cryptocurrencies to work. It is a decentralized and digital ledger of transactions used for cryptocurrencies and other assets/functions. It is important to separate the technology behind cryptocurrencies from the actual cryptocurrencies.
How do I purchase cryptocurrency?
When you are ready to participate in the highest appreciating asset class in history, call us.
There are a couple of methods, but the simplest and least expensive is via an online cryptocurrency exchange. An account is established, and from there, cash is transferred in and purchases of cryptocurrency can be made. The exchange will allow you to buy, sell, and hold cryptocurrency. The user experience, fees, and identification requirements all vary based on the exchange. Some of the most popular are Bitstamp, Gemini, and Kraken.
Are there ways to purchase outside an exchange?
Believe it or not, there are Bitcoin ATMs. You insert cash and bitcoins are transferred to your secure, digital wallet.
What is a crypto wallet?
Simply put, crypto wallets are places to store digital assets. You may establish an online “hot” wallet that is internet connected—to your desktop, table or mobile phone. There is also an option to store crypto on a device that is not connected to the internet (“cold” wallet). Cold wallets are the most secure way to store your cryptocurrency because they are not connected to the internet. With cold storage, you must remember your private keys and keep at least one copy.
Is it true you can trade 24/7?
Yes, on many exchanges you can place an order at 11 a.m. Sunday or any other day and time. Cryptocurrencies trade 24 hours a day, seven days a week.