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Mistakes to avoid in car insurance

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Nobody want to over-spend on car insurance, despite the fact that it’s not always to get best offer.

However, there are obvious mistakes that you can you avoid as an insured. Insurance companies, either small or big, are all complex in structure and sometimes are only eyeing you to add to their pool of customers. This is why you will ensure to check their policy jumping on the deal.

You too must be smart enough to research well to arrive at lower rates.

Here are mistakes to avoid before jump-starting car insurance:

1. Assuming one company is cheapest

Don’t be fooled by frequency of commercials. It’s all intended to instill the brand in your head and convince you. Unfortunately, it may not offer lowest car insurance premiums.

Based on individual states, insurance company may be cheap for someone but expensive for you.

Make your due diligence by comparing insurance rates. Shopping around is very important

The only way to ensure you’re getting the lowest rate possible is to compare car insurance rates.

2. Ignoring regional or local insurance companies.

The first consideration when attempting to insure your can are those in your locality.

State Farm, Progressive, Allstate and Geico have over 50 percent of the nation market share. But smaller insurance companies often offer better customer satisfaction.

Big names is not all that is required to value for your money.

3. Ignoring to ask about discounts

You can earn lower insurance rates by simply asking insurers for discounts.

  • Bundle car insurance with other policies, such as homeowners insurance.

  • Insure multiple cars with one policy.

  • Have a clean driving record.

  • Pay their entire annual or six-month premium at once.

  • Agree to receive documents online.

  • Own a car with certain anti-theft or safety features.

  • Are members of particular professional organizations or affiliate groups.

Patiently, check through the long list of possible discounts to make comparison of different insurers.

4. Not working on your credit

Except for few states, your credit score is an important aspect to consider you for car insurance quotes.

California, Hawaii, Massachusetts, Michigan and Washington won’t rate your credit score to determine car insurance rates.

Insurance companies say customers’ credit has been shown to correlate with their chances of filing claims.

By paying your bills as at when due and reducing your debt, you are simply improving your credit score. This will earn you lower insurance rates.

Other facts That Reduce Cost of Car Insurance

Here are factors that will either reduce or increase you insurance cost:

  • Your driving record
  • Your age and driving experience
  • Where you live
  • Coverage selections
  • Deductible amount (if you buy collision and comprehensive coverage)
  • Vehicle model
  • Your car insurance history
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Cryptocurrency

Cryptocurrency News: Market value, exchange rate to dollar today 19 November 2021

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Here are the exchange rates for top cryptocurrencies to dollar.

The cryptocurrencies are bedeviled with high rate of volatility because it is the hottest trend in investment. However, here are some rundown of current rates as at the time of filing this report.

The spotlight will be on the top 10 cryptocurrencies based on their market value today 19 November 2021.

Cryptocurrency list: Dollar USD exchange rate | Market Value

  1. Bitcoin (BTC): $57 178.00 | $1 079 431 780 881.00
  2. Ethereum (ETH): $4 159.3 | $492 467 866 269.00 USD 
  3. Binance Coin (BNB): $558.76 | $93 922 411 613.00
  4. Tether (USDT): $1 | $73 891 287 767.00
  5. Solana (SOL): $203.05 | $61 707 349 952.00
  6. Cardano (ADA): $1.82 | $58 427 127 903.00
  7. XRP (XRP): $1.06 | $49 851 924 286.00
  8. Polkadot (DOT): $39.92 | $42 184 437 261.00
  9. USD Coin (USDC): $1.00 | $34 479 653 188.00
  10. Dogecoin (DOGE): $0.226 | $29 994 411 095.00

What is Cryptocurrency?

Cryptocurrencies are the digital coin that live on the blockchain. It is a decentralized computer network that records all transactions. The value of crypto is determined by how many people buy it. That is why it does not depend on central authority like traditional currencies depend on banks.

As of March 2021, there are about 9,000 cryptocurrencies in the market. Bitcoin is the first to begin and still remain at the top because it has limited supplies that’s why some view it as a good store of value and an edge against inflation like gold.

Meanwhile, a group of investors who garnered $47m worth of ether just in a week to buy a rare, first-edition copy of the U.S. Constitution at a Sotheby’s auction — and lost, CNBC report says.

The group, known as ConstitutionDAO, wrote in its ‘frequently asked questions’ that the funds would be redeemable, minus a transaction fee.

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Cryptocurrency

Buying and selling cryptocurrency

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An as an investor, you need to understand that cryptocurrency is highly volatile. Therefore, you need to time the market more than conventional investments to make good returns.

What is cryptocurrency?

Cryptocurrencies are the digital coin that live on the blockchain. It is a decentralized computer network that records all transactions. The value of crypto is determined by how many people buy it. That is why it does not depend on central authority like traditional currencies depend on banks.

Cryptocurrency is secured by cryptography that ensure and checks that currencies are not spend twice. On the other hand, blockchain technology, which is a distribution of ledger enabled by another network of computers.

 

Buying and selling cryptocurrency

Buying and selling cryptocurrency

What is cryptocurrency trading?

As a cryptocurrency trader, you aim is either accumulate Bitcoin or to make a profit in dollars. It is very easy to increase your portfolio in dollars while trading your crypto in the bull market. However, it is not that easy increasing your Bitcoin value.

You can therefore trade your Bitcoin for alternative coins (altcoins) like Coinbase Pro in order to track your Bitcoin value.

However, you are taking risk by buying and selling your cryptocurrency. You may lose as well as gain in the market. Although, it is rare for traders to suddenly lose money because the market is volatile.   

By actively trading your cryptocurrency, you risk losing your crypto to the market. Since cryptocurrency prices are so volatile, it’s not uncommon for traders to lose money quickly trading cryptocurrencies. This is why so many crypto enthusiasts just HODL their Bitcoin.

Similar to traditional exchanges, traders will earn gradually has price rises.

How to buy cryptocurrency

Exchanges are out there more than willing to assist traders procure crytocrrency. For beginners, Coinbase will be an option.

Binance, Luno, eToro and many other platform to trade. You will need to make your findings to know which offer lower commission.

Most important factor to look out for in a cryptocurrency exchanges are secure, quick setting up, ease of use, flexibility in funding and overall efficiency.

For each of the exchanges, you will be required to verify your identity after registration.

Account set up

After verifying your account with your preferred exchange, you will then need to stock your cryptocurrency wallet.

For will need a brokerage account, who will be exposed to the maret on your behave.

Which currencies are you buying and selling

Amongs thousands of cryptocurrencies in the market, you have to settle for one or two. Precisely, trade the major currencies, like Bitcoin, Ethereum, Dogecoins, Litocoins. New altcoins are added, so you can trade them as well. But do your diligence to know about them..

Strategize before trading

Better understanding of the market puts you on the hedge. Cryptocurrency pricing depends on a many factors.

Government regulations, businessmen and media influence have being a major influence in the last 2 years. Dollar influence cannot be neglected as well.

Place your order strategically

Next step in trading is to define your ‘close’ conditions – i.e. the point that you will exit a trade. This can be an important discipline.

Always remember that cryptocurrencies are volatile and running large open positions is risky. At that specific moment that you attained your target, or you have hit your maximum loss, you will need to close out your position.

Set up this filter to automatically be your benchmark. It is advised to start small, or use demo account to practise. Move to real account after you have gain some experience about the market dynamics.

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Cryptocurrency

Cryptocurrency News: Market value, exchange rate to dollar today 18 November 2021

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Here are the exchange rates for top cryptocurrencies to dollar.

The cryptocurrencies are bedeviled with high rate of volatility because it is the hottest trend in investment. However, here are some rundown of current rates as at the time of filing this report.

The spotlight will be on the top 10 cryptocurrencies based on their market value today 18 November 2021.

Cryptocurrency list: Dollar USD exchange rate | Market Value

  1. Bitcoin (BTC): $59 750.00 | $1 127 738 084 128
  2. Ethereum (ETH): $4 233.78 | $500 991 855 944.00 USD 
  3. Binance Coin (BNB): $571.85 | $96 184 714 382.00
  4. Tether (USDT): $1 | $75 494 173 345.00
  5. Solana (SOL): $209.84 | $63 980 921 988.00
  6. Cardano (ADA): $1.85 | $59 583 103 815.00
  7. XRP (XRP): $1.1 | $51 281 737 612.00
  8. Polkadot (DOT): $40.71 | $42 969 302 090.00
  9. USD Coin (USDC): $1.00 | $34 605 281 360.00
  10. Dogecoin (DOGE): $0.233 | $30 585 569 373.00

What is Cryptocurrency?

Cryptocurrencies are the digital coin that live on the blockchain. It is a decentralized computer network that records all transactions. The value of crypto is determined by how many people buy it. That is why it does not depend on central authority like traditional currencies depend on banks.

As of March 2021, there are about 9,000 cryptocurrencies in the market. Bitcoin is the first to begin and still remain at the top because it has limited supplies that’s why some view it as a good store of value and an edge against inflation like gold.

Meanwhile, the total market capitalization for cryptocurrency has reduced to $2.18trillion as Bitcoin and altcoins continue to experience price decline. This excludes USD Coin (USDC) which rose by 0.04 in the last 24 hours and few others. Market value currently stands at $2.72billion.

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