Earnity is the world’s first community-based crypto platform and marketplace, led by fintech veterans Domenic Carosa and Dan Schatt. The San Mateo, California-based startup offers access to the world of crypto and decentralized finance via its super simple and highly intuitive platform.
Executives Dan Schatt and Domenic Carosa of Earnity follow best practices to ensure safe and profitable clients’ purchases. Some of these practices this article has gathered are:
Researching the market before buying: A cryptocurrency firm conducts extensive research on the cryptocurrency market before buying any digital assets. Research allows buyers to make informed decisions about which coins to buy, thus minimizing the risk of losing money.
Diversifying portfolio: To reduce the risk of losing money, a cryptocurrency firm diversifies its portfolio through purchases of various cryptocurrencies. This helps minimize the amount of a single coin’s price fluctuations can have on the overall portfolio.
Using cold storage: A cryptocurrency platform uses cold storage to store its clients’ digital assets. This ensures that the coins are safe and secure and cannot be stolen or lost.
Following KYC/AML guidelines: A cryptocurrency firm follows all KYC (Know Your Customer) and AML (Anti-Money Laundering) guidelines to ensure that its clients are legitimate and that their money is not being used for illegal activities.
Regularly monitoring portfolios: Cryptocurrency firms regularly monitor their portfolios to identify potential problems or opportunities. Surveillance helps them make timely adjustments to their assets, thus maximizing profits for their clients.
Consulting with experts: Cryptocurrency firms have members that consult with experts in the field of cryptocurrency to get their insights on the market. These insights allow them to make better decisions about which coins to buy and help them stay up to date on the latest trends in the cryptocurrency market.