Category Archives: Banks and Money

Banks and Money

National Bank of Kenya (NBK) loan repayment schedule and monthly installments

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The National Bank of Kenya (NBK)provides a wide range of loans that you can apply for. One of the loans that you can easily get from NBK is the Personal Unsecured loan. For salaried employees like TSC teachers, University staff, Department of Defense Officers, Teachers, Nurses and Doctors you can qualify for this loan through check off system. This loan is also be given to nonsalaried individuals.

WHAT YOU SHOULD KNOW ABOUT THE NBK CHECK OFF LOAN

  • Interest rate is on reducing bases-13%
  • Low Insurance Premium-0.35% and 0.44% with Retrenchment Cover
  • Low loan appraisal fee 2%-New and 1.5 % Top-ups
  • You can qualify for top-ups after only 3 monthly repayments
  • Buy off from other Financial Institutions including SACCOS and Welfare.
  • Quick Loan processing Time-48 Hrs
See also;

NBK LOAN AMOUNTS AND REPAYMENT SCHEDULE.

Before you take the NBK loan, it is good you understand how much you will pay monthly, for how months and the total loan to receive.

In the table below, the column for amount displays the total loan that you qualify for, while subsequent columns (to the right) show the monthly repayment amounts. University staff, Department of Defense Officers, Teachers, Nurses and Doctors qualify for loan repayment periods of up to 84 months. All others only qualify for loan repayment periods of up to 72 months.

Number of Years 1 2 3 4 5 6 7
Number of Months 12 24 36 48 60 72 84
Loan Amount Installment Installment Installment Installment Installment Installment Installment
50,000 4,466 2,377 1,685 1,341 1,138 1,004 910
75,000 6,699 3,566 2,527 2,012 1,706 1,506 1,364
100,000 8,932 4,754 3,369 2,683 2,275 2,007 1,819
150,000 13,398 7,131 5,054 4,024 3,413 3,011 2,729
200,000 17,863 9,508 6,739 5,365 4,551 4,015 3,638
250,000 22,329 11,885 8,423 6,707 5,688 5,019 4,548
300,000 26,795 14,263 10,108 8,048 6,826 6,022 5,458
400,000 35,727 19,017 13,478 10,731 9,101 8,030 7,277
500,000 44,659 23,771 16,847 13,414 11,377 10,037 9,096
550,000 49,125 26,148 18,532 14,755 12,514 11,041 10,006
600,000 53,590 28,525 20,216 16,096 13,652 12,044 10,915
700,000 62,522 33,279 23,586 18,779 15,927 14,052 12,734
800,000 71,454 38,033 26,955 21,462 18,202 16,059 14,554
900,000 80,386 42,788 30,325 24,145 20,478 18,067 16,373
1,000,000 89,317 47,542 33,694 26,827 22,753 20,074 18,192
1,100,000 98,249 52,296 37,063 29,510 25,028 22,082 20,011
1,200,000 107,181 57,050 40,433 32,193 27,304 24,089 21,830
1,300,000 116,112 61,804 43,802 34,876 29,579 26,096 23,650
1,400,000 125,044 66,559 47,172 37,558 31,854 28,104 25,469
1,450,000 129,510 68,936 48,856 38,900 32,992 29,107 26,378
1,500,000 133,976 71,313 50,541 40,241 34,130 30,111 27,288
1,600,000 142,908 76,067 53,910 42,924 36,405 32,119 29,107
1,700,000 151,839 80,821 57,280 45,607 38,680 34,126 30,926
1,800,000 160,771 85,575 60,649 48,289 40,956 36,133 32,746
1,850,000 165,237 87,952 62,334 49,631 42,093 37,137 33,655
1,900,000 169,703 90,329 64,019 50,972 43,231 38,141 34,565
1,950,000 174,169 92,707 65,703 52,314 44,368 39,145 35,474
2,000,000 178,635 95,084 67,388 53,655 45,506 40,148 36,384
2,050,000 183,100 97,461 69,073 54,996 46,644 41,152 37,294
2,100,000 187,566 99,838 70,757 56,338 47,781 42,156 38,203
2,200,000 196,498 104,592 74,127 59,020 50,057 44,163 40,022
2,300,000 205,430 109,346 77,496 61,703 52,332 46,170 41,842
2,400,000 214,361 114,100 80,865 64,386 54,607 48,178 43,661
2,450,000 218,827 116,477 82,550 65,727 55,745 49,182 44,570
2,500,000 223,293 118,855 84,235 67,069 56,883 50,185 45,480
2,600,000 232,225 123,609 87,604 69,751 59,158 52,193 47,299
2,700,000 241,157 128,363 90,974 72,434 61,433 54,200 49,118
2,800,000 250,088 133,117 94,343 75,117 63,709 56,207 50,937
2,900,000 259,020 137,871 97,712 77,800 65,984 58,215 52,757
3,000,000 267,952 142,625 101,082 80,482 68,259 60,222 54,576
3,100,000 276,884 147,380 104,451 83,165 70,535 62,230 56,395
3,200,000 285,815 152,134 107,821 85,848 72,810 64,237 58,214
3,300,000 294,747 156,888 111,190 88,531 75,085 66,245 60,033
3,400,000 303,679 161,642 114,559 91,213 77,360 68,252 61,853
3,500,000 312,610 166,396 117,929 93,896 79,636 70,259 63,672
3,550,000 317,076 168,773 119,614 95,238 80,773 71,263 64,581
3,600,000 321,542 171,151 121,298 96,579 81,911 72,267 65,491
3,700,000 330,474 175,905 124,668 99,262 84,186 74,274 67,310
3,750,000 334,940 178,282 126,352 100,603 85,324 75,278 68,220
3,800,000 339,406 180,659 128,037 101,944 86,462 76,282 69,129
3,850,000 343,872 183,036 129,722 103,286 87,599 77,285 70,039
3,900,000 348,337 185,413 131,406 104,627 88,737 78,289 70,949
4,000,000 357,269 190,167 134,776 107,310 91,012 80,296 72,768
4,100,000 366,201 194,921 138,145 109,993 93,288 82,304 74,587
4,200,000 375,133 199,676 141,515 112,675 95,563 84,311 76,406
4,300,000 384,064 204,430 144,884 115,358 97,838 86,319 78,225
4,350,000 388,530 206,807 146,569 116,700 98,976 87,322 79,135
4,400,000 392,996 209,184 148,253 118,041 100,114 88,326 80,045
4,500,000 401,928 213,938 151,623 120,724 102,389 90,333 81,864
4,600,000 410,859 218,692 154,992 123,406 104,664 92,341 83,683
4,700,000 419,791 223,447 158,362 126,089 106,939 94,348 85,502
4,750,000 424,257 225,824 160,046 127,431 108,077 95,352 86,412
4,800,000 428,723 228,201 161,731 128,772 109,215 96,356 87,321
4,900,000 437,655 232,955 165,100 131,455 111,490 98,363 89,141
4,950,000 442,121 235,332 166,785 132,796 112,628 99,367 90,050
5,000,000 446,586 237,709 168,470 134,137 113,765 100,371 90,960
Banks and Money

Safaricom  has announced reduction in charges for paybill, Mpesa transactions

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Safaricom  has announced reduction in charges for paybill, Mpesa transactions

Safaricom  has announced reduction in charges for paybill and business-to-customer tariffs to ensure affordability and mitigate the prevailing economic challenges customers face.

In the new changes, Bank to M-PESA charges have been reduced by an average of 61%. Additionally, M-PESA to Bank charges have been reduced by an average of 47% and is applicable to customers making M-PESA to bank transactions. Transactions below KES 100 remain zero-rated.

The reduced M-PESA to Bank tariff will also apply to all M-PESA Paybill payments that customers use for utilities such as electricity, hospital bills, schools, government payments etc. to ensure affordability.

The revised tariffs will be effective starting 1st January 2023.

Banks and Money

Trading Made Easy: 4 Strategies for Newbie Success

The forex market in a nutshell: Over $6 trillion daily transaction, 24/5 accessibility, and decentralized.  

Those three appeals put forex trading into the mainstream.  

Technological advancement even made public forex participation easier. With internet access and a brokerage account, individuals can easily exploit the volatile foreign exchange markets.  

For some, forex trading is an effective way to make money online – or, as they say, to make their money make more money.  

But can a newbie be successful in online trading, or does success come with time?  

In this article, we’ll explore the four strategies to help beginner traders be profitable. Read on and discover how you can be successful in forex trading without all the flashy experiences.  

Is There a DEFINITE Path to Succeed in Forex Trading? 

The forex market is inherently complex. Thus, there’s no definite path to follow for success. 

For some, technical analysis does wonders for trading forex. Others thrive on monitoring currency news, economics, and fundamentals.  

Other factors include market sentiments, trading strategies, reliable brokers, proper leverage, and more! 

But there’s a trait every trader should have before they start trading forex.  

That’s the discipline.  

It’s a single word – but it encompasses different areas of successful forex trading.  

  • Discipline is needed to manage risks  
  • Discipline is a must for rational market analysis 
  • Discipline is essential to maximize potential profits 
  • Discipline is closely tied to emotional control 

If you’re a new trader, discipline is the very first skill you need to master. It ensures constant profits, rather than a big but very often one.  

Four Currency Trading Strategies For Newbie Success 

Having a sound strategy sets profitable traders apart from unprofitable ones. Only with strategies can you realize the lucrative potential of the forex market.  

These strategies apply regardless of your approach to forex trading – whether that be scalping, position trading, day trading, or swing trading.  

Now, let us explore the four effective and proven strategies for ensuring success in the forex market.  

Implement Per-Trade Risk Management 

Repeat after me – I am a risk manager as much as I am an online trader.  

The financial markets are risky. It’s been told to you by your trading mentor, broker, fellow traders, and even your spouse.  

However, risks are not the end of it all. In fact, traders thrive on risk.  

What they do is employ risk management so they profit from the global marketplace. With per-trade risk management, you ensure the sustainability of your trading capital. 

Here are three common per-trade risk managements that beginner traders should religiously implement in their trading system: 

  • 1% Capital Rule. Only risk 1% of your capital to withstand consecutive losses. 
  • Low Risk-Reward Ratio. The R/R ratio indicates how much risk you’ll take for a relative reward.  
  • Position Sizing. A properly sized position aligns with your risk tolerance, account size/equity, and trading objectives.  

Manage Unrealized Profits/Losses 

Your profits and losses will remain unrealized or floating until you close your open positions.  

Technically, unrealized P/L (floating P/L) are the running gains or losses of your open trading positions. It’s still subject to price fluctuations – you can break even from floating losses or lose your unrealized profits.  

Market volatility is a staple in the daily lives of forex traders. It’s like their coffee or newspaper or Facebook! 

However, this volatility makes your unrealized p/l management subject to an emotional process.  

You may find the urge to prematurely exit a position because you fear losing your running profits. You may also get excited or greedy from the market potential, keeping your positions open past your trading plan.  

So, how do you manage your floating profits or losses?  

Simple—stick to your predetermined and strategized entry/exit. Remember, these planned actions are there to prevent you from getting too caught up in the heat of the forex battle.  

Demo Trade to Mastery 

No beginner trader should dive right straight into the live market.  

Despite your confidence in your skill or knowledge, the market has a lot on its sleeve that could surprise you (or make you lose your capital).  

A demo account helps you understand and find comfort with the market movement.  

However, some may argue that demo trading is ineffective. This is because there is no emotional tie between traders and their money.  

But that’s the deal with demo trading. It doesn’t just backtest your strategy or familiarize you with the market dynamic.  

Traders use demo accounts to disassociate their emotions from their money. Remember, emotions are your number one enemy in the forex market. 

Master Market Analysis 

Whether you’re in the forex, commodities, or stock market, the ultimate way to profit is to position your trade based on the future price movement.  

But how can one predict the future?  

For online traders, such a crystal ball exists in the form of market analysis. 

Candlestick Chart Patterns 

First used by Japanese rice traders in the 18th century, the Japanese candlesticks became a valuable indicator in online trading.  

Candlesticks provide a more informative and visually appealing representation of the financial instruments’ price actions. It shows the assets’ opening price, high price, low price, and closing price (OHLC).  

By analyzing candlestick patterns, you have an idea of the prevailing battle of the bulls and bears – whether the market is currently experiencing buying or selling pressure.  

Economic Factors 

A particular currency is tightly tied to its host economy.  

Thus, you can analyze and predict the currency’s potential market movement by looking at its economy.  

Here are the highly influential economic factors:  

  1. Inflation data shows the purchasing power of a currency. High inflation means more money is needed to buy similar goods or services.  
  1. Gross domestic product (GDP) indicates the overall health of the economy. It tracks the periodic goods and services made in a country and their value.  
  1. Trade balance refers to the difference between a country’s exports and imports. This indicates the cash flow of an economy.  
  1. Unemployment rate suggests the people’s spending and the country’s operational wastes.  

Political Events  

Events like elections and impeachments are influential to the health and movement of a country’s currency.  

When the country changes its leader, policies are likely to shift. This creates a period of uncertainty, impacting investors’ confidence in the currency and economic value. 

Additionally, trade tensions may form between countries or regions during elections or impeachments. Heightened disputes could lead to disruption of the supply chain and tariffs.  

Geopolitical Tensions 

Wars or unrest are detrimental to the countries involved in trade flows and supply chains. 

International sanctions are imposed by global leaders when a country is deemed to violate human rights. Such sanctions include cuts in trade activities or total economic isolation.  

Additionally, geopolitical tensions disrupt the supply chain, especially during the ruins of infrastructure and halt of operations.  

Natural Calamities 

Unforeseen disasters deteriorate one’s economy. These calamities halt growth by inflicting serious, tangible damage to buildings, equipment, and human capital of a developing country.  

Natural calamities also entail additional country debts, which weakens one’s currency valuation.  

Can You Get Rich In the Foreign Exchange Market? 

Forex trading is a get-rich-quick scheme – that’s why it’s so appealing to investors, traders, and speculators.  

As currency pairs’ exchange rates move from time to time, forex trading offers lucrative opportunities by allowing you to profit from price differential.  

Imagine buying EUR/USD at 1.2000 for 100,000 units (USD 120,000). A few seconds later, the currency pair appreciated at 1.2050 (USD 120,500). Closing your position would yield you a return of USD 500.  

That simply shows the lucrative potential of buying and selling currency pairs.  

However, the volatile nature of the forex market puts your capital at a high degree of risk.  

The example above shows a favorable market, but if it moves against your position, your capital will surely suffer.  

Here are two major reasons why the foreign exchange market fluctuates:  

  • Interest rate risk 
  • False trading signals 

Remember, forex trading is lucrative as much as it is risky.  

However, aside from the fluctuating price movement, buying and selling currency pairs can be expensive.  

Even if you profit, you need to factor in all the trading costs. This includes spread, trading commission, swap or overnight fees, and account maintenance fees.  

Top 5 Currency Pairs Traded in Forex 

A pro tip when trading forex is to trade in an active market.  

But what constitutes market activeness? It’s the volume of asset transactions.  

When an asset is being traded by the majority of investors, its value increases due to heightened demand. When it’s in demand, more investors will flock to the market.  

Ultimately, it causes the market to trend in a particular direction.  

Here are the top five currency pairs per activeness (Bank of International Settlements, 2022) 

Currency Pair  Market Share (ave/day) 
EUR/USD  27.95%
USD/JPY  13.34%
GBP/USD 11.27% 
AUD/USD 6.37% 
USD/CAD 5.22% 

How to Trade For Beginners 

To start participating in the foreign exchange market, you must have an internet connection, brokerage account, capital, and of course skills and knowledge! 

Only when you get your skills and knowledge practiced can you start trading forex. 

Step 1 – Find a Reliable Broker 

Online broker is your gateway to any financial market. Without them, it’s physically impossible for retail or individual traders to participate in online trading.  

However, finding one is easier said than done. The financial ecosystem is infested by dishonest brokers. Such brokers operate in a way that exploits the enthusiasm of investors.  

To prevent falling from unethical brokers, always check, verify, and monitor your chosen broker’s regulation.  

Step 2 – Open an Account 

Once you’ve chosen a brokerage firm, it’s time to open a trading account.  

Make sure to be familiar with the terms and conditions. Such documentation informs you about all the fees your account will incur, withdrawal processes, and margin calls.  

Some brokers offer trading accounts for as low as USD 5. But beware of such an offering.  

It’s physically impossible for a trader to open, control, and maintain a position with just USD 5.  

Step 3 – Perform Market Analysis and Build Portfolio  

After opening an account, the next step is to choose which currency pairs to trade. In other words, you must build your portfolio. 

Your portfolio should align with your risk tolerance and trading objectives.  

  • Volatile Assets (major pairs) are suitable for bigger account with high risk tolerance.  
  • Steady or consolidating assets (exotic pairs) are fit for smaller accounts due to the fewer risks involved. 

 

Turning Forex Potential into Reality

Forex trading offers immense opportunities, but success hinges on preparation, strategy, and discipline. 

Mastering the basics can set you on the right path as a beginner. With these tools and strategies, even newcomers can perform well in the forex market’s complexities and achieve steady growth.

Remember, forex trading isn’t about quick wins but about consistent, calculated moves that compound over time. 

By starting with a solid foundation and continually honing your skills, you can turn the dynamic world of forex trading into a rewarding journey toward financial success.

 

Banks and Money

Best SACCOs to invest in

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Finding the Best SACCOs in Kenya in 2022 is every person’s desire. With the increase in SACCOS in Kenya today, one can easily fall victim to scams posing as investment SACCOS.

SASRA regulates savings And Credit Cooperative Organizations (SACCO). The Sacco And Societies Regulatory Authority (SASRA) is a governmental organization mandated to oversee SACCO activities in Kenya. Therefore, the first step to knowing if a SACCO is worth your investment is to check if SASRA has a list of registered SACCOs in Kenya 2022.

But how do you choose the Best Saccos in Kenya today? This article outlines a reasonable investment SACCO feature and a list of the top 20 SACCOs in Kenya 2022.

Best Investment Saccos in Kenya

Below is a list of the best SACCOs in Kenya 2022.

  1. Unaitas SACCO
  2. Kenya Police SACCO
  3. Stima SACCO
  4. K-Unity SACCO
  5. Waumini SACCO
  6. Maisha Bora SACCO
  7. Hazina SACCO
  8. Wanandege SACCO
  9. Harambee SACCO
  10. Imarika SACCO.

1. Unaitas SACCO

Unaitas SACCO was started in 1993 as a cooperative society known as Muramati in Murang’ a County. It has grown over the years in various parts of the country. Today, Unaitas SACCO is a deposit-taking SACCO.

Unaitas SACCO is widely known for business investments, and it’s famous for small-scale investors. This SACCO gives out loans to members up to three times the member’s savings. With repayment interests ranging between 1% and 1.5% per month with a reducing balance, loan periods can be extended to 72 months.

2. Kenya Police SACCO

Another best Sacco in Kenya 2021 is The Kenya police SACCO, founded in 1972 to serve those who worked in the Kenya Police Force. Currently, the SACCO is open for all Kenyans and has a membership of over 52,000.

Loans offered to members are three times the members’ investment. The loans interest in the Kenya Police SACCO is slightly high, and loans take 48 months. However, this SACCO is well known for its excellent services to investors.

The Kenya Police SACCO headquarters is located in the Ngara area, Nairobi.

3. Stima SACCO

Stima SACCO is famous for its land investments. The SACCO was started in 1974 and has seen tremendous growth since then. Currently, the SACCO has five branches across the country.

This SACCO offers loans up to two times the member’s savings. The interests charged on loans are as low as 1%  per month with a reducing balance. The loan periods are extendable for up to 60 months.

Stima SACCO has branches in Nairobi, Mombasa, Kisumu, Eldoret, and Olkaria. It is considered one of the best performing SACCOs in Kenya 2021.

4. K-Unity SACCO

This SACCO is majorly centered in Nairobi and Kiambu regions. It was formerly registered in 1974. The SACCO membership is open to all but through vetting.

New members get vetted through the membership policy before being registered. SACCO is famous for small business growth.

K-Unity SACCO gives loans up to four times the member’s savings at an interest of 1% per month at a reducing balance.

5. Waumini SACCO

Waumini is a SACCO founded by the Catholic Church for congregation members. The SACCO gives loans of up to three times the member’s savings. The loan is repaid within five years at an interest rate of 12.5% per anum.

This SACCO is best for short-term projects, not long-term ones such as home construction.

6. Maisha Bora SACCO

The SACCO was started in 1974 by a group of employees from the Unilever company. Currently, the SACCO offers membership to all interested persons.

The SACCO gives loans up to three times the member’s investment. The loans are charged an interest of 1% per month on a reducing balance. The loan periods in this SACCO do not exceed six years.

7. Hazina SACCO

This SACCO focuses on county government employees, National government employees, government organization employees, and private sector employees.

The SACCO was founded in 1971 and has grown to become a deposit-taking SACCO society with a membership of over 15,000.

The SACCO offers loans up to 3.5 times the member’s savings. The interest charged is 1% per month on a reducing balance. The loan period is extendable to 72 months.

8. Wanandege SACCO

This SACCO was started in 1977 for Kenya’s airline and aviation staff. The Sacco has two branches, one in Nairobi and the other in Mombasa.

The SACCO is open to all members from the aviation industry and other non-related companies. Members of the SACCO can access loans up to three times their savings. The loan period does not exceed four years, and interest of 1% per month with a reducing balance is charged.

9. Harambee SACCO

Harambee SACCO was started in 1970 by low-income earners and subordinate staff at the president’s office. Today, the SACCO commands an asset base of over Ksh.19 billion with a membership of over 80,000.

The SACCO membership is open to all. Although one has to qualify through the membership policy before being declared a member, members of the SACCO can access loans up to three times their savings for a period not exceeding four years.

10. Imarika SACCO

Imarika SACCO was started in 1974 by employees of the Teacher Service Commission in Kilifi. During its registration, Imarika SACCO had only 100 members. The SACCO has grown over time, and currently, it has over 37,000 members.

Members of Imarika SACCO can access loans up to two times their savings at a 12.5% monthly interest. The allowed repayment period for loans from Imarika SACCO is five years.

Different SACCOs have different modes of operation. Therefore, you should look for one whose conditions favor your interests as an investor. Investing in legitimate SACCOs is one of the best ways to safeguard your money for future use.

Features of Investment SACCOs in Kenya

The following are features of investment SACCOs in Kenya.

  • A good Investment in SACCO in Kenya will boost your confidence when investing in it.
  • Good Investment SACCOs in Kenya will provide you with the relevant information to make investments with good returns.
  • A good SACCO will safeguard your interests as a stakeholder and offer you avenues to expand your wealth with minimal risk.

SACCOs that put the investors’ interests as the last option are likely to collapse. In that case, it is not advisable to invest in such SACCOs since the collapse of a SACCO means loss of invested money.

Complete list of SACCOs in Kenya

Here is the full list of SACCOs in Kenya 2022 licensed under The SACCO Societies Act to undertake deposit-taking business in Kenya

No. SACCO
1 2NK Sacco Society Ltd
2 Acumen Sacco Society Ltd
3 Afya Sacco Society Ltd
4 Agro-Chem Sacco Society Ltd
5 Ainabkoi Sacco Society Ltd
6 Airports Sacco Society Ltd
7 Amica Sacco Society Ltd
8 Ammar Sacco Society Ltd
9 Ardhi Sacco Society Ltd
10 Asili Sacco Society Ltd
11 Azima Sacco Society Ltd
12 Bandari Sacco Society Ltd
13 Baraka Sacco Society Ltd
14 Baraton University Sacco Society Ltd
15 Biashara Sacco Society Ltd
16 Biashara Tosha Sacco Society Ltd
17 Bi-High Sacco Society Ltd
18 Bingwa Sacco Society Ltd
19 Boresha Sacco Society Ltd
20 Capital Sacco Society Ltd
21 Centenary Sacco Society Ltd
22 Chai Sacco Society Ltd
23 Chuna Sacco Society Ltd
24 Comoco Sacco Society Ltd
25 Cosmopolitan Sacco Society Ltd
26 County Sacco Society Ltd
27 Daima Sacco Society Ltd
28 Dhabiti Sacco Society Ltd
29 Dimkes Sacco Society Ltd
30 Dumisha Sacco Society Ltd
31 Eco-Pillar Sacco Society Ltd
32 Egerton Sacco Society Ltd
33 Elimu Sacco Society Ltd
34 Enea Sacco Society Ltd
35 Faridi Sacco Society Ltd
36 Fariji Sacco Society Ltd
37 Fortitude Sacco Society Ltd
38 Fortune Sacco Society Ltd
39 Fundilima Sacco Society Ltd
40 GDC Sacco Society Ltd
41 Golden Pillar Sacco Society Ltd
42 Good Faith Sacco Society Ltd
43 Goodhope Sacco Society Ltd
44 Goodway Sacco Society Ltd
45 Gusii Mwalimu Sacco Society Ltd
46 Harambee Sacco Society Ltd
47 Hazina Sacco Society Ltd
48 Ilkisonko Sacco Society Ltd
49 Imarika Sacco Society Ltd
50 Imarisha Sacco Society Ltd
51 Invest and Grow (IG) Sacco Society Ltd
52 Jacaranda Sacco Society Ltd
53 Jamii Sacco Society Ltd
54 Jitegemee Sacco Society Ltd
55 Joinas Sacco Society Ltd
56 Jumuika Sacco Society Ltd
57 Kencream Sacco Society Ltd
58 Kenpipe Sacco Society Ltd
59 Kenversity Sacco Society Ltd
60 Kenya Achievas Sacco Society Ltd
61 Kenya Bankers Sacco Society Ltd
62 Kenya Highlands Sacco Society Ltd
63 Kenya Midland Sacco Society Ltd
64 Kenya Police Sacco Society Ltd
65 Kimbilio Daima Sacco Society Ltd
66 Kimisitu Sacco Society Ltd
67 Kingdom Sacco Society Ltd
68 Kipsigis Edis Sacco Society Ltd
69 Kite Sacco Society Ltd
70 Kitui Teachers Sacco Society Ltd
71 Kolenge Tea Sacco Society Ltd
72 Koru Sacco Society Ltd
73 K-Pillar Sacco Society Ltd
74 K-Unity Sacco Society Ltd
75 Kwetu Sacco Society Ltd
76 Lainisha Sacco Society Ltd
77 Lamu Teachers Sacco Society Ltd
78 Lengo Sacco Society Ltd
79 Mafanikio Sacco Society Ltd
80 Magadi Sacco Society Ltd
81 Magereza Sacco Society Ltd
82 Maisha Bora Sacco Society Ltd
83 Mentor Sacco Society Ltd
84 Metropolitan National Sacco Society Ltd
85 MMH Sacco Society Ltd
86 Mombasa Port Sacco Society Ltd
87 Mudete  Factory  Tea  Growers  Sacco
88 Muki Sacco Society Ltd
89 Mwalimu National Sacco Society Ltd
90 Mwietheri Sacco Society Ltd
91 Mwito Sacco Society Ltd
92 Nacico Sacco Society Ltd
93 Nafaka Sacco Society Ltd
94 Nandi Farmers Sacco
95 Nanyuki Equator Sacco Society Ltd
96 Nation Sacco Society Ltd
97 Nawiri Sacco Society Ltd
98 Ndege Chai Sacco Society Ltd
99 Ndosha Sacco Society Ltd
100 New Forties Sacco Society Ltd
101 Nexus Sacco Society Ltd
102 Ng’arisha Sacco Society Ltd
103 Noble Sacco Society Ltd
104 NRS Sacco Society Ltd
105 NSSF Sacco Society Ltd
106 Nufaika Sacco Society Ltd
107 Nyala Vision Sacco Society Ltd
108 Nyambene Arimi Sacco Society Ltd
109 Nyamira Tea Farmers Sacco Society Ltd
110 Nyati Sacco Society Ltd
111 Ollin Sacco Society Ltd
112 Orient Sacco Society Ltd
113 Patnas Sacco Society Ltd
114 Prime Time Sacco
115 PUAN Sacco Society Ltd
116 Qwetu Sacco Society Ltd
117 Rachuonyo Teachers Sacco Society Ltd
118 Safaricom Sacco Society Ltd
119 Sheria Sacco Society Ltd
120 Shirika Deposit Taking Sacco Society Ltd
121 Shoppers Sacco Society Ltd
122 Simba Chai Sacco Society Ltd
123 Siraji Sacco Society Ltd
124 Skyline Sacco Society Ltd
125 Smart Champions Sacco Society Ltd
126 Smart-Life Sacco Society Ltd
127 Solution Sacco Society Ltd
NO. NAME OF SOCIETY
128 Sotico Sacco Society Ltd
129 Southern Star Sacco Society Ltd
130 Stake Kenya Sacco Society Ltd
131 Stawisha Sacco Society Ltd
132 Stima Sacco Society Ltd
133 Suluhu Sacco Society Ltd
134 Supa Sacco Society Ltd
135 Tabasamu Sacco Society Ltd
136 Tabasuri Sacco Society Ltd
137 TAI Sacco Society Ltd
138 Taifa Sacco Society Ltd
139 Taqwa Sacco Society Ltd
140 Taraji Sacco Society Ltd
141 Telepost Sacco Society Ltd
142 Tembo Sacco Society Ltd
143 Tenhos Sacco Society Ltd
144 Thamani Sacco Society Ltd
145 The Apple Sacco Society Ltd
146 Times-U Sacco Society Ltd
147 Tower Sacco Society Ltd
148 Trans- Elite County Sacco Society Ltd
149 Trans Nation Sacco Society Ltd
150 Trans-Counties Sacco Society Ltd
151 Trans-National Times Sacco Society Ltd
152 Uchongaji Sacco Society Ltd
153 Ufanisi Sacco Society Ltd
154 Ukristo Na Ufanisi Wa Anglicana Sacco
155 Ukulima Saco Society Ltd
156 Unaitas Sacco Society Ltd
157 Uni-County Sacco Society Ltd
158 Unison Sacco Society Ltd
159 United Nations Sacco Society Ltd
160 Universal Traders Sacco Society Ltd
161 Ushuru Sacco Society Ltd
162 Vihiga County Farmers Sacco Society Ltd
163 Viktas Sacco Society Ltd
164 Vision Africa Sacco Society Ltd
165 Vision Point Sacco Society Ltd
166 Wakenya Pamoja Sacco Society Ltd
167 Wakulima Commercial Sacco Society Ltd
168 Wana-anga Sacco Society Ltd
169 Wananchi Sacco Society Ltd
170 Wanandege Sacco Society Ltd
171 Washa Sacco Society Ltd
172 Waumini Sacco Society Ltd
173 Wevarsity Sacco Society Ltd
174 Winas Sacco Society Ltd
175 Yetu Sacco Society Ltd
Banks and Money

Hustler Fund Loans Application and Repayment – Best Guide

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Hustler Fund

The Hustler fund is a digital financial inclusion initiative designed to improve financial access to responsible finance for personal, micro, small, and medium-sized enterprises (MSMEs) in Kenya.

The Hustler fund is important because it provides access to responsible finance for personal, micro, small, and medium-sized enterprises (MSMEs) by innovating, developing, and deploying bottom-of-the-pyramid financial services and products that are affordable, accessible, and appropriate for the unserved and underserved persons, including credit, saving, insurance, pension, and investment products.

Register and access the Hustler Fund on any mobile network by dialing *254# or via the mobile app.

Below are the Terms and Conditions

Banks and Money

What is an Exchange Rate and What Does It Mean?

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by Editorial Team

The exchange rate is defined as “the value of one nation’s currency versus the currency of another nation or economic zone.” For example, the value of $1 US is the equivalent of £0.80 British. 

Exchange rates change day to day, and for anyone traveling or working abroad, the exchange rate can have a significant impact on your living expenses and budget. For many people, however, the exchange rate is somewhat opaque. Understand the exchange rate to maximize your earnings and get the full value of your money each time you need to convert one currency to another. Here’s what an exchange rate means and how it can impact your budget. 

Types of exchange rates 

There are two broad categories of exchange rate: flexible and fixed. 

A flexible exchange rate is the biggest category and the most likely type of exchange rate you will encounter when traveling. A flexible exchange rate rises or declines on a daily basis, based on a variety of economic factors and market forces. These dips and peaks are incremental from day to day, but can impact your budget over time. For example, in 2018 the Euro to USD conversion rate peaked at 1.2508 (meaning, one Euro was worth approximately $1.25) in February, 2018. But, in November 2018, the rate hit a year-long low of 1.1226. If you were traveling in November versus February, your US dollars would have been worth a whole lot less. 

A fixed exchange rate is an alternate option that some governments use in lieu of leaving their currency exchange exposed to macro-economic market forces. Some nations choose to control the exchange rate of their currency “against outside monetary units.” For example a Cuban Convertible Peso is fixed to equal one American dollar. Another term for this is a “currency peg”; the Chinese government “pegs” their currency against the US dollar, seeking to maintain a stable, consistent exchange rate by controlling how much a foreign currency is worth.

Other variations on exchange rates include onshore v. offshore rates, in which an exchange rate can change within the same country. Broadly speaking, a better exchange rate is the “onshore,” rate within a country’s borders. Some exchange rates have a “spot rate,” a cash value which is the current market value. This is the opposite of a forward value, a value based on the expected fluctuations based on interest rates in one country versus another. 

The main exchange rate types you need to know about are the fixed and flexible exchange rates. Here’s how they work. 

Who sets the exchange rate? 

A fixed exchange rate is set by the national government that issue the currency. A flexible, or floating exchange rate, is determined by a foreign exchange market (forex). These markets set and regulate the prices that investors purchase one currency than another. The goal of forex is to make more money when a nation’s currency gains strength. 

Flexible exchange rates between currencies are determined by a foreign exchange market, or “forex” for short. These markets regulate the prices by which investors are purchasing one currency with another, with the hopes of making more money when that nation’s money gains strength.

There are three key factors that influence the exchange rate. The first is the “interest rate paid by a country’s central bank is a big factor. The higher interest rate makes that currency more valuable.” Therefore, an investor seeks to exchange their currency for the one with the higher paying interest rate. 

The second influence on an exchange rate is money supply or the amount of cash in circulation. If the government prints too much money, that can lead to inflation; this devalues one currency versus another. 

Lastly, a country’s economic growth and financial stability affect its exchange rates. When a national economy is growing and strong, investors see an opportunity to buy more of the country’s good at a lower risk profile. They will need more of its currency to do so, driving up the value of the currency versus another currency. 

How to get the best exchange rate

Though there isn’t much you can do to control for these macro-economic forces that impact exchange rates, there are some ways to exchange currency that are better than others. 

Overall, experts recommend exchanging currency at your bank or credit union: there may be a small fee, but it’s often better to exchange at a financial institution than at an airport kiosk. Some banks have no foreign transaction or ATM fees, allowing you to withdraw cash straight in the currency of the country you’re visiting. Make sure you let your bank know before you travel abroad to ensure they don’t lock your card for seemingly fraudulent charges. Try to avoid using airport kiosks, as they will add on fees and are not likely to give you the best rate. 

Exchange rates and money transfers
If you’re seeking to send money home to friends and family, do a little research on how a money transfer agent considers exchange rates. A transfer agent like OFX, for example, has an exchange rate markup of less than 1% – in comparison with MoneyGram, which can charge up to 4% on exchange rate markups. A good alternative is a blockchain money transfer option, which doesn’t rely on banks to send money faster and at a lower cost. Shop around to find the best transfer option that won’t take advantage of an exchange rate to bill you more.

Also read;

Quick tips on how to and where to save your money
Banks and Money

SACCO Loans Repayment Schemes, Interest rates- Ufanisi Loans

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SACCO Loans Repayment Schemes, Interest rates- Ufanisi Loans

UFANISI LOAN AT 14.5%
YEARS 1 2 3 4 5 6
MONTHS 12 24 36 48 60 72
10,000 900 482 344 276 235 209
20,000 1,800 965 688 552 471 417
30,000 2,701 1,447 1,033 827 706 626
40,000 3,601 1,930 1,377 1,103 941 835
50,000 4,501 2,412 1,721 1,379 1,176 1,044
60,000 5,401 2,895 2,065 1,655 1,412 1,252
70,000 6,302 3,377 2,409 1,930 1,647 1,461
80,000 7,202 3,860 2,754 2,206 1,882 1,670
90,000 8,102 4,342 3,098 2,482 2,118 1,879
100,000 9,002 4,825 3,442 2,758 2,353 2,087
110,000 9,902 5,307 3,786 3,034 2,588 2,296
120,000 10,803 5,790 4,131 3,309 2,823 2,505
130,000 11,703 6,272 4,475 3,585 3,059 2,714
140,000 12,603 6,755 4,819 3,861 3,294 2,922
150,000 13,503 7,237 5,163 4,137 3,529 3,131
160,000 14,404 7,720 5,507 4,412 3,765 3,340
170,000 15,304 8,202 5,852 4,688 4,000 3,549
180,000 16,204 8,685 6,196 4,964 4,235 3,757
190,000 17,104 9,167 6,540 5,240 4,470 3,966
200,000 18,005 9,650 6,884 5,516 4,706 4,175
210,000 18,905 10,132 7,228 5,791 4,941 4,384
220,000 19,805 10,615 7,573 6,067 5,176 4,592
230,000 20,705 11,097 7,917 6,343 5,412 4,801
240,000 21,605 11,580 8,261 6,619 5,647 5,010
250,000 22,506 12,062 8,605 6,894 5,882 5,219
260,000 23,406 12,545 8,949 7,170 6,117 5,427
270,000 24,306 13,027 9,294 7,446 6,353 5,636
280,000 25,206 13,510 9,638 7,722 6,588 5,845
290,000 26,107 13,992 9,982 7,998 6,823 6,054
300,000 27,007 14,475 10,326 8,273 7,058 6,262
310,000 27,907 14,957 10,671 8,549 7,294 6,471
320,000 28,807 15,440 11,015 8,825 7,529 6,680
330,000 29,707 15,922 11,359 9,101 7,764 6,889
340,000 30,608 16,405 11,703 9,377 8,000 7,097
350,000 31,508 16,887 12,047 9,652 8,235 7,306
360,000 32,408 17,370 12,392 9,928 8,470 7,515
370,000 33,308 17,852 12,736 10,204 8,705 7,724
380,000 34,209 18,335 13,080 10,480 8,941 7,932
390,000 35,109 18,817 13,424 10,755 9,176 8,141
400,000 36,009 19,300 13,768 11,031 9,411 8,350
410,000 36,909 19,782 14,113 11,307 9,647 8,559
420,000 37,809 20,265 14,457 11,583 9,882 8,767
430,000 38,710 20,747 14,801 11,859 10,117 8,976
440,000 39,610 21,230 15,145 12,134 10,352 9,185
450,000 40,510 21,712 15,489 12,410 10,588 9,393
460,000 41,410 22,195 15,834 12,686 10,823 9,602
470,000 42,311 22,677 16,178 12,962 11,058 9,811
480,000 43,211 23,160 16,522 13,237 11,294 10,020
490,000 44,111 23,642 16,866 13,513 11,529 10,228
500,000 45,011 24,125 17,210 13,789 11,764 10,437
510,000 45,911 24,607 17,555 14,065 11,999 10,646
520,000 46,812 25,090 17,899 14,341 12,235 10,855
530,000 47,712 25,572 18,243 14,616 12,470 11,063
540,000 48,612 26,055 18,587 14,892 12,705 11,272
550,000 49,512 26,537 18,932 15,168 12,941 11,481
560,000 50,413 27,020 19,276 15,444 13,176 11,690
570,000 51,313 27,502 19,620 15,719 13,411 11,898
580,000 52,213 27,985 19,964 15,995 13,646 12,107
590,000 53,113 28,467 20,308 16,271 13,882 12,316
600,000 54,014 28,950 20,653 16,547 14,117 12,525
610,000 54,914 29,432 20,997 16,823 14,352 12,733
620,000 55,814 29,915 21,341 17,098 14,588 12,942
630,000 56,714 30,397 21,685 17,374 14,823 13,151
640,000 57,614 30,880 22,029 17,650 15,058 13,360
650,000 58,515 31,362 22,374 17,926 15,293 13,568
660,000 59,415 31,845 22,718 18,201 15,529 13,777
670,000 60,315 32,327 23,062 18,477 15,764 13,986
680,000 61,215 32,810 23,406 18,753 15,999 14,195
690,000 62,116 33,292 23,750 19,029 16,235 14,403
700,000 63,016 33,775 24,095 19,305 16,470 14,612
710,000 63,916 34,257 24,439 19,580 16,705 14,821
720,000 64,816 34,740 24,783 19,856 16,940 15,030
730,000 65,716 35,222 25,127 20,132 17,176 15,238
740,000 66,617 35,705 25,472 20,408 17,411 15,447
750,000 67,517 36,187 25,816 20,683 17,646 15,656
760,000 68,417 36,670 26,160 20,959 17,881 15,865
770,000 69,317 37,152 26,504 21,235 18,117 16,073
780,000 70,218 37,635 26,848 21,511 18,352 16,282
790,000 71,118 38,117 27,193 21,787 18,587 16,491
800,000 72,018 38,600 27,537 22,062 18,823 16,700
810,000 72,918 39,082 27,881 22,338 19,058 16,908
820,000 73,818 39,565 28,225 22,614 19,293 17,117
830,000 74,719 40,047 28,569 22,890 19,528 17,326
840,000 75,619 40,530 28,914 23,165 19,764 17,535
850,000 76,519 41,012 29,258 23,441 19,999 17,743
860,000 77,419 41,495 29,602 23,717 20,234 17,952
870,000 78,320 41,977 29,946 23,993 20,470 18,161
880,000 79,220 42,459 30,290 24,269 20,705 18,369
890,000 80,120 42,942 30,635 24,544 20,940 18,578
900,000 81,020 43,424 30,979 24,820 21,175 18,787
910,000 81,921 43,907 31,323 25,096 21,411 18,996
920,000 82,821 44,389 31,667 25,372 21,646 19,204
930,000 83,721 44,872 32,012 25,647 21,881 19,413
940,000 84,621 45,354 32,356 25,923 22,117 19,622
950,000 85,521 45,837 32,700 26,199 22,352 19,831
960,000 86,422 46,319 33,044 26,475 22,587 20,039
970,000 87,322 46,802 33,388 26,751 22,822 20,248
980,000 88,222 47,284 33,733 27,026 23,058 20,457
990,000 89,122 47,767 34,077 27,302 23,293 20,666
1,000,000 90,023 48,249 34,421 27,578 23,528 20,874
1,010,000 90,923 48,732 34,765 27,854 23,764 21,083
1,020,000 91,823 49,214 35,109 28,130 23,999 21,292
1,030,000 92,723 49,697 35,454 28,405 24,234 21,501
1,040,000 93,623 50,179 35,798 28,681 24,469 21,709
1,050,000 94,524 50,662 36,142 28,957 24,705 21,918
1,060,000 95,424 51,144 36,486 29,233 24,940 22,127
1,070,000 96,324 51,627 36,830 29,508 25,175 22,336
1,080,000 97,224 52,109 37,175 29,784 25,411 22,544
1,090,000 98,125 52,592 37,519 30,060 25,646 22,753
1,100,000 99,025 53,074 37,863 30,336 25,881 22,962
1,110,000 99,925 53,557 38,207 30,612 26,116 23,171
1,120,000 100,825 54,039 38,551 30,887 26,352 23,379
1,130,000 101,725 54,522 38,896 31,163 26,587 23,588
1,140,000 102,626 55,004 39,240 31,439 26,822 23,797
1,150,000 103,526 55,487 39,584 31,715 27,058 24,006
1,160,000 104,426 55,969 39,928 31,990 27,293 24,214
1,170,000 105,326 56,452 40,273 32,266 27,528 24,423
1,180,000 106,227 56,934 40,617 32,542 27,763 24,632
1,190,000 107,127 57,417 40,961 32,818 27,999 24,841
1,200,000 108,027 57,899 41,305 33,094 28,234 25,049
1,210,000 108,927 58,382 41,649 33,369 28,469 25,258
1,220,000 109,828 58,864 41,994 33,645 28,705 25,467
1,230,000 110,728 59,347 42,338 33,921 28,940 25,676
1,240,000 111,628 59,829 42,682 34,197 29,175 25,884
1,250,000 112,528 60,312 43,026 34,472 29,410 26,093
1,260,000 113,428 60,794 43,370 34,748 29,646 26,302
1,270,000 114,329 61,277 43,715 35,024 29,881 26,511
1,280,000 115,229 61,759 44,059 35,300 30,116 26,719
1,290,000 116,129 62,242 44,403 35,576 30,351 26,928
1,300,000 117,029 62,724 44,747 35,851 30,587 27,137
1,310,000 117,930 63,207 45,091 36,127 30,822 27,345
1,320,000 118,830 63,689 45,436 36,403 31,057 27,554
1,330,000 119,730 64,172 45,780 36,679 31,293 27,763
1,340,000 120,630 64,654 46,124 36,954 31,528 27,972
1,350,000 121,530 65,137 46,468 37,230 31,763 28,180
1,360,000 122,431 65,619 46,813 37,506 31,998 28,389
1,370,000 123,331 66,102 47,157 37,782 32,234 28,598
1,380,000 124,231 66,584 47,501 38,058 32,469 28,807
1,390,000 125,131 67,067 47,845 38,333 32,704 29,015
1,400,000 126,032 67,549 48,189 38,609 32,940 29,224
1,410,000 126,932 68,032 48,534 38,885 33,175 29,433
1,420,000 127,832 68,514 48,878 39,161 33,410 29,642
1,430,000 128,732 68,997 49,222 39,436 33,645 29,850
1,440,000 129,632 69,479 49,566 39,712 33,881 30,059
1,450,000 130,533 69,962 49,910 39,988 34,116 30,268
1,460,000 131,433 70,444 50,255 40,264 34,351 30,477
1,470,000 132,333 70,927 50,599 40,540 34,587 30,685
1,480,000 133,233 71,409 50,943 40,815 34,822 30,894
1,490,000 134,134 71,892 51,287 41,091 35,057 31,103
1,500,000 135,034 72,374 51,631 41,367 35,292 31,312
1,510,000 135,934 72,857 51,976 41,643 35,528 31,520
1,520,000 136,834 73,339 52,320 41,918 35,763 31,729
1,530,000 137,734 73,822 52,664 42,194 35,998 31,938
1,540,000 138,635 74,304 53,008 42,470 36,234 32,147
1,550,000 139,535 74,787 53,353 42,746 36,469 32,355
1,560,000 140,435 75,269 53,697 43,022 36,704 32,564
1,570,000 141,335 75,752 54,041 43,297 36,939 32,773
1,580,000 142,236 76,234 54,385 43,573 37,175 32,982
1,590,000 143,136 76,717 54,729 43,849 37,410 33,190
1,600,000 144,036 77,199 55,074 44,125 37,645 33,399
1,610,000 144,936 77,682 55,418 44,401 37,881 33,608
1,620,000 145,837 78,164 55,762 44,676 38,116 33,817
1,630,000 146,737 78,647 56,106 44,952 38,351 34,025
1,640,000 147,637 79,129 56,450 45,228 38,586 34,234
1,650,000 148,537 79,612 56,795 45,504 38,822 34,443
1,660,000 149,437 80,094 57,139 45,779 39,057 34,652
1,670,000 150,338 80,577 57,483 46,055 39,292 34,860
1,680,000 151,238 81,059 57,827 46,331 39,528 35,069
1,690,000 152,138 81,542 58,171 46,607 39,763 35,278
1,700,000 153,038 82,024 58,516 46,883 39,998 35,487
1,710,000 153,939 82,507 58,860 47,158 40,233 35,695
1,720,000 154,839 82,989 59,204 47,434 40,469 35,904
1,730,000 155,739 83,472 59,548 47,710 40,704 36,113
1,740,000 156,639 83,954 59,893 47,986 40,939 36,322
1,750,000 157,539 84,436 60,237 48,261 41,174 36,530
1,760,000 158,440 84,919 60,581 48,537 41,410 36,739
1,770,000 159,340 85,401 60,925 48,813 41,645 36,948
1,780,000 160,240 85,884 61,269 49,089 41,880 37,156
1,790,000 161,140 86,366 61,614 49,365 42,116 37,365
1,800,000 162,041 86,849 61,958 49,640 42,351 37,574
1,810,000 162,941 87,331 62,302 49,916 42,586 37,783
1,820,000 163,841 87,814 62,646 50,192 42,821 37,991
1,830,000 164,741 88,296 62,990 50,468 43,057 38,200
1,840,000 165,641 88,779 63,335 50,743 43,292 38,409
1,850,000 166,542 89,261 63,679 51,019 43,527 38,618
1,860,000 167,442 89,744 64,023 51,295 43,763 38,826
1,870,000 168,342 90,226 64,367 51,571 43,998 39,035
1,880,000 169,242 90,709 64,711 51,847 44,233 39,244
1,890,000 170,143 91,191 65,056 52,122 44,468 39,453
1,900,000 171,043 91,674 65,400 52,398 44,704 39,661
1,910,000 171,943 92,156 65,744 52,674 44,939 39,870
1,920,000 172,843 92,639 66,088 52,950 45,174 40,079
1,930,000 173,744 93,121 66,432 53,225 45,410 40,288
1,940,000 174,644 93,604 66,777 53,501 45,645 40,496
1,950,000 175,544 94,086 67,121 53,777 45,880 40,705
1,960,000 176,444 94,569 67,465 54,053 46,115 40,914
1,970,000 177,344 95,051 67,809 54,329 46,351 41,123
1,980,000 178,245 95,534 68,154 54,604 46,586 41,331
1,990,000 179,145 96,016 68,498 54,880 46,821 41,540
2,000,000 180,045 96,499 68,842 55,156 47,057 41,749
2,010,000 180,945 96,981 69,186 55,432 47,292 41,958
2,020,000 181,846 97,464 69,530 55,707 47,527 42,166
2,030,000 182,746 97,946 69,875 55,983 47,762 42,375
2,040,000 183,646 98,429 70,219 56,259 47,998 42,584
2,050,000 184,546 98,911 70,563 56,535 48,233 42,793
2,060,000 185,446 99,394 70,907 56,811 48,468 43,001
2,070,000 186,347 99,876 71,251 57,086 48,704 43,210
2,080,000 187,247 100,359 71,596 57,362 48,939 43,419
2,090,000 188,147 100,841 71,940 57,638 49,174 43,628
2,100,000 189,047 101,324 72,284 57,914 49,409 43,836
2,110,000 189,948 101,806 72,628 58,189 49,645 44,045
2,120,000 190,848 102,289 72,972 58,465 49,880 44,254
2,130,000 191,748 102,771 73,317 58,741 50,115 44,463
2,140,000 192,648 103,254 73,661 59,017 50,351 44,671
2,150,000 193,548 103,736 74,005 59,293 50,586 44,880
2,160,000 194,449 104,219 74,349 59,568 50,821 45,089
2,170,000 195,349 104,701 74,694 59,844 51,056 45,298
2,180,000 196,249 105,184 75,038 60,120 51,292 45,506
2,190,000 197,149 105,666 75,382 60,396 51,527 45,715
2,200,000 198,050 106,149 75,726 60,671 51,762 45,924
2,210,000 198,950 106,631 76,070 60,947 51,998 46,132
2,220,000 199,850 107,114 76,415 61,223 52,233 46,341
2,230,000 200,750 107,596 76,759 61,499 52,468 46,550
2,240,000 201,651 108,079 77,103 61,775 52,703 46,759
2,250,000 202,551 108,561 77,447 62,050 52,939 46,967
2,260,000 203,451 109,044 77,791 62,326 53,174 47,176
2,270,000 204,351 109,526 78,136 62,602 53,409 47,385
2,280,000 205,251 110,009 78,480 62,878 53,644 47,594
2,290,000 206,152 110,491 78,824 63,154 53,880 47,802
2,300,000 207,052 110,974 79,168 63,429 54,115 48,011
2,310,000 207,952 111,456 79,512 63,705 54,350 48,220
2,320,000 208,852 111,939 79,857 63,981 54,586 48,429
2,330,000 209,753 112,421 80,201 64,257 54,821 48,637
2,340,000 210,653 112,904 80,545 64,532 55,056 48,846
2,350,000 211,553 113,386 80,889 64,808 55,291 49,055
2,360,000 212,453 113,869 81,234 65,084 55,527 49,264
2,370,000 213,353 114,351 81,578 65,360 55,762 49,472
2,380,000 214,254 114,834 81,922 65,636 55,997 49,681
2,390,000 215,154 115,316 82,266 65,911 56,233 49,890
2,400,000 216,054 115,799 82,610 66,187 56,468 50,099
2,410,000 216,954 116,281 82,955 66,463 56,703 50,307
2,420,000 217,855 116,764 83,299 66,739 56,938 50,516
2,430,000 218,755 117,246 83,643 67,014 57,174 50,725
2,440,000 219,655 117,729 83,987 67,290 57,409 50,934
2,450,000 220,555 118,211 84,331 67,566 57,644 51,142
2,460,000 221,455 118,694 84,676 67,842 57,880 51,351
2,470,000 222,356 119,176 85,020 68,118 58,115 51,560
2,480,000 223,256 119,659 85,364 68,393 58,350 51,769
2,490,000 224,156 120,141 85,708 68,669 58,585 51,977
2,500,000 225,056 120,624 86,052 68,945 58,821 52,186
2,510,000 225,957 121,106 86,397 69,221 59,056 52,395
2,520,000 226,857 121,589 86,741 69,496 59,291 52,604
2,530,000 227,757 122,071 87,085 69,772 59,527 52,812
2,540,000 228,657 122,554 87,429 70,048 59,762 53,021
2,550,000 229,557 123,036 87,773 70,324 59,997 53,230
2,560,000 230,458 123,519 88,118 70,600 60,232 53,439
2,570,000 231,358 124,001 88,462 70,875 60,468 53,647
2,580,000 232,258 124,484 88,806 71,151 60,703 53,856
2,590,000 233,158 124,966 89,150 71,427 60,938 54,065
2,600,000 234,059 125,449 89,495 71,703 61,174 54,274
2,610,000 234,959 125,931 89,839 71,978 61,409 54,482
2,620,000 235,859 126,414 90,183 72,254 61,644 54,691
2,630,000 236,759 126,896 90,527 72,530 61,879 54,900
2,640,000 237,660 127,378 90,871 72,806 62,115 55,108
2,650,000 238,560 127,861 91,216 73,082 62,350 55,317
2,660,000 239,460 128,343 91,560 73,357 62,585 55,526
2,670,000 240,360 128,826 91,904 73,633 62,821 55,735
2,680,000 241,260 129,308 92,248 73,909 63,056 55,943
2,690,000 242,161 129,791 92,592 74,185 63,291 56,152
2,700,000 243,061 130,273 92,937 74,460 63,526 56,361
2,710,000 243,961 130,756 93,281 74,736 63,762 56,570
2,720,000 244,861 131,238 93,625 75,012 63,997 56,778
2,730,000 245,762 131,721 93,969 75,288 64,232 56,987
2,740,000 246,662 132,203 94,313 75,564 64,467 57,196
2,750,000 247,562 132,686 94,658 75,839 64,703 57,405
2,760,000 248,462 133,168 95,002 76,115 64,938 57,613
2,770,000 249,362 133,651 95,346 76,391 65,173 57,822
2,780,000 250,263 134,133 95,690 76,667 65,409 58,031
2,790,000 251,163 134,616 96,035 76,942 65,644 58,240
2,800,000 252,063 135,098 96,379 77,218 65,879 58,448
2,810,000 252,963 135,581 96,723 77,494 66,114 58,657
2,820,000 253,864 136,063 97,067 77,770 66,350 58,866
2,830,000 254,764 136,546 97,411 78,046 66,585 59,075
2,840,000 255,664 137,028 97,756 78,321 66,820 59,283
2,850,000 256,564 137,511 98,100 78,597 67,056 59,492
2,860,000 257,464 137,993 98,444 78,873 67,291 59,701
2,870,000 258,365 138,476 98,788 79,149 67,526 59,910
2,880,000 259,265 138,958 99,132 79,425 67,761 60,118
2,890,000 260,165 139,441 99,477 79,700 67,997 60,327
2,900,000 261,065 139,923 99,821 79,976 68,232 60,536
2,910,000 261,966 140,406 100,165 80,252 68,467 60,745
2,920,000 262,866 140,888 100,509 80,528 68,703 60,953
2,930,000 263,766 141,371 100,853 80,803 68,938 61,162
2,940,000 264,666 141,853 101,198 81,079 69,173 61,371
2,950,000 265,567 142,336 101,542 81,355 69,408 61,580
2,960,000 266,467 142,818 101,886 81,631 69,644 61,788
2,970,000 267,367 143,301 102,230 81,907 69,879 61,997
2,980,000 268,267 143,783 102,575 82,182 70,114 62,206
2,990,000 269,167 144,266 102,919 82,458 70,350 62,415
3,000,000 270,068 144,748 103,263 82,734 70,585 62,623
3,010,000 270,968 145,231 103,607 83,010 70,820 62,832
3,020,000 271,868 145,713 103,951 83,285 71,055 63,041
3,030,000 272,768 146,196 104,296 83,561 71,291 63,250
3,040,000 273,669 146,678 104,640 83,837 71,526 63,458
3,050,000 274,569 147,161 104,984 84,113 71,761 63,667
3,060,000 275,469 147,643 105,328 84,389 71,997 63,876
3,070,000 276,369 148,126 105,672 84,664 72,232 64,084
3,080,000 277,269 148,608 106,017 84,940 72,467 64,293
3,090,000 278,170 149,091 106,361 85,216 72,702 64,502
3,100,000 279,070 149,573 106,705 85,492 72,938 64,711
3,110,000 279,970 150,056 107,049 85,767 73,173 64,919
3,120,000 280,870 150,538 107,393 86,043 73,408 65,128
3,130,000 281,771 151,021 107,738 86,319 73,644 65,337
3,140,000 282,671 151,503 108,082 86,595 73,879 65,546
3,150,000 283,571 151,986 108,426 86,871 74,114 65,754
3,160,000 284,471 152,468 108,770 87,146 74,349 65,963
3,170,000 285,371 152,951 109,114 87,422 74,585 66,172
3,180,000 286,272 153,433 109,459 87,698 74,820 66,381
3,190,000 287,172 153,916 109,803 87,974 75,055 66,589
3,200,000 288,072 154,398 110,147 88,249 75,290 66,798
3,210,000 288,972 154,881 110,491 88,525 75,526 67,007
3,220,000 289,873 155,363 110,836 88,801 75,761 67,216
3,230,000 290,773 155,846 111,180 89,077 75,996 67,424
3,240,000 291,673 156,328 111,524 89,353 76,232 67,633
3,250,000 292,573 156,811 111,868 89,628 76,467 67,842
3,260,000 293,473 157,293 112,212 89,904 76,702 68,051
3,270,000 294,374 157,776 112,557 90,180 76,937 68,259
3,280,000 295,274 158,258 112,901 90,456 77,173 68,468
3,290,000 296,174 158,741 113,245 90,731 77,408 68,677
3,300,000 297,074 159,223 113,589 91,007 77,643 68,886
3,310,000 297,975 159,706 113,933 91,283 77,879 69,094
3,320,000 298,875 160,188 114,278 91,559 78,114 69,303
3,330,000 299,775 160,671 114,622 91,835 78,349 69,512
3,340,000 300,675 161,153 114,966 92,110 78,584 69,721
3,350,000 301,576 161,636 115,310 92,386 78,820 69,929
3,360,000 302,476 162,118 115,654 92,662 79,055 70,138
3,370,000 303,376 162,601 115,999 92,938 79,290 70,347
3,380,000 304,276 163,083 116,343 93,213 79,526 70,556
3,390,000 305,176 163,566 116,687 93,489 79,761 70,764
3,400,000 306,077 164,048 117,031 93,765 79,996 70,973
3,410,000 306,977 164,531 117,376 94,041 80,231 71,182
3,420,000 307,877 165,013 117,720 94,317 80,467 71,391
3,430,000 308,777 165,496 118,064 94,592 80,702 71,599
3,440,000 309,678 165,978 118,408 94,868 80,937 71,808
3,450,000 310,578 166,461 118,752 95,144 81,173 72,017
3,460,000 311,478 166,943 119,097 95,420 81,408 72,226
3,470,000 312,378 167,426 119,441 95,695 81,643 72,434
3,480,000 313,278 167,908 119,785 95,971 81,878 72,643
3,490,000 314,179 168,391 120,129 96,247 82,114 72,852
3,500,000 315,079 168,873 120,473 96,523 82,349 73,060
3,510,000 315,979 169,355 120,818 96,799 82,584 73,269
3,520,000 316,879 169,838 121,162 97,074 82,820 73,478
3,530,000 317,780 170,320 121,506 97,350 83,055 73,687
3,540,000 318,680 170,803 121,850 97,626 83,290 73,895
3,550,000 319,580 171,285 122,194 97,902 83,525 74,104
3,560,000 320,480 171,768 122,539 98,178 83,761 74,313
3,570,000 321,380 172,250 122,883 98,453 83,996 74,522
3,580,000 322,281 172,733 123,227 98,729 84,231 74,730
3,590,000 323,181 173,215 123,571 99,005 84,467 74,939
3,600,000 324,081 173,698 123,916 99,281 84,702 75,148
3,610,000 324,981 174,180 124,260 99,556 84,937 75,357
3,620,000 325,882 174,663 124,604 99,832 85,172 75,565
3,630,000 326,782 175,145 124,948 100,108 85,408 75,774
3,640,000 327,682 175,628 125,292 100,384 85,643 75,983
3,650,000 328,582 176,110 125,637 100,660 85,878 76,192
3,660,000 329,483 176,593 125,981 100,935 86,114 76,400
3,670,000 330,383 177,075 126,325 101,211 86,349 76,609
3,680,000 331,283 177,558 126,669 101,487 86,584 76,818
3,690,000 332,183 178,040 127,013 101,763 86,819 77,027
3,700,000 333,083 178,523 127,358 102,038 87,055 77,235
3,710,000 333,984 179,005 127,702 102,314 87,290 77,444
3,720,000 334,884 179,488 128,046 102,590 87,525 77,653
3,730,000 335,784 179,970 128,390 102,866 87,760 77,862
3,740,000 336,684 180,453 128,734 103,142 87,996 78,070
3,750,000 337,585 180,935 129,079 103,417 88,231 78,279
3,760,000 338,485 181,418 129,423 103,693 88,466 78,488
3,770,000 339,385 181,900 129,767 103,969 88,702 78,697
3,780,000 340,285 182,383 130,111 104,245 88,937 78,905
3,790,000 341,185 182,865 130,456 104,520 89,172 79,114
3,800,000 342,086 183,348 130,800 104,796 89,407 79,323
3,810,000 342,986 183,830 131,144 105,072 89,643 79,532
3,820,000 343,886 184,313 131,488 105,348 89,878 79,740
3,830,000 344,786 184,795 131,832 105,624 90,113 79,949
3,840,000 345,687 185,278 132,177 105,899 90,349 80,158
3,850,000 346,587 185,760 132,521 106,175 90,584 80,367
3,860,000 347,487 186,243 132,865 106,451 90,819 80,575
3,870,000 348,387 186,725 133,209 106,727 91,054 80,784
3,880,000 349,287 187,208 133,553 107,002 91,290 80,993
3,890,000 350,188 187,690 133,898 107,278 91,525 81,202
3,900,000 351,088 188,173 134,242 107,554 91,760 81,410
3,910,000 351,988 188,655 134,586 107,830 91,996 81,619
3,920,000 352,888 189,138 134,930 108,106 92,231 81,828
3,930,000 353,789 189,620 135,274 108,381 92,466 82,036
3,940,000 354,689 190,103 135,619 108,657 92,701 82,245
3,950,000 355,589 190,585 135,963 108,933 92,937 82,454
3,960,000 356,489 191,068 136,307 109,209 93,172 82,663
3,970,000 357,390 191,550 136,651 109,484 93,407 82,871
3,980,000 358,290 192,033 136,995 109,760 93,643 83,080
3,990,000 359,190 192,515 137,340 110,036 93,878 83,289
4,000,000 360,090 192,998 137,684 110,312 94,113 83,498
4,010,000 360,990 193,480 138,028 110,588 94,348 83,706
4,020,000 361,891 193,963 138,372 110,863 94,584 83,915
4,030,000 362,791 194,445 138,717 111,139 94,819 84,124
4,040,000 363,691 194,928 139,061 111,415 95,054 84,333
4,050,000 364,591 195,410 139,405 111,691 95,290 84,541
4,060,000 365,492 195,893 139,749 111,966 95,525 84,750
4,070,000 366,392 196,375 140,093 112,242 95,760 84,959
4,080,000 367,292 196,858 140,438 112,518 95,995 85,168
4,090,000 368,192 197,340 140,782 112,794 96,231 85,376
4,100,000 369,092 197,823 141,126 113,070 96,466 85,585
4,110,000 369,993 198,305 141,470 113,345 96,701 85,794
4,120,000 370,893 198,788 141,814 113,621 96,937 86,003
4,130,000 371,793 199,270 142,159 113,897 97,172 86,211
4,140,000 372,693 199,753 142,503 114,173 97,407 86,420
4,150,000 373,594 200,235 142,847 114,449 97,642 86,629
4,160,000 374,494 200,718 143,191 114,724 97,878 86,838
4,170,000 375,394 201,200 143,535 115,000 98,113 87,046
4,180,000 376,294 201,683 143,880 115,276 98,348 87,255
4,190,000 377,194 202,165 144,224 115,552 98,583 87,464
4,200,000 378,095 202,648 144,568 115,827 98,819 87,673
4,210,000 378,995 203,130 144,912 116,103 99,054 87,881
4,220,000 379,895 203,613 145,257 116,379 99,289 88,090
4,230,000 380,795 204,095 145,601 116,655 99,525 88,299
4,240,000 381,696 204,578 145,945 116,931 99,760 88,508
4,250,000 382,596 205,060 146,289 117,206 99,995 88,716
4,260,000 383,496 205,543 146,633 117,482 100,230 88,925
4,270,000 384,396 206,025 146,978 117,758 100,466 89,134
4,280,000 385,296 206,508 147,322 118,034 100,701 89,343
4,290,000 386,197 206,990 147,666 118,309 100,936 89,551
4,300,000 387,097 207,473 148,010 118,585 101,172 89,760
4,310,000 387,997 207,955 148,354 118,861 101,407 89,969
4,320,000 388,897 208,438 148,699 119,137 101,642 90,178
4,330,000 389,798 208,920 149,043 119,413 101,877 90,386
4,340,000 390,698 209,403 149,387 119,688 102,113 90,595
4,350,000 391,598 209,885 149,731 119,964 102,348 90,804
4,360,000 392,498 210,368 150,075 120,240 102,583 91,013
4,370,000 393,399 210,850 150,420 120,516 102,819 91,221
4,380,000 394,299 211,332 150,764 120,791 103,054 91,430
4,390,000 395,199 211,815 151,108 121,067 103,289 91,639
4,400,000 396,099 212,297 151,452 121,343 103,524 91,847
4,410,000 396,999 212,780 151,797 121,619 103,760 92,056
4,420,000 397,900 213,262 152,141 121,895 103,995 92,265
4,430,000 398,800 213,745 152,485 122,170 104,230 92,474
4,440,000 399,700 214,227 152,829 122,446 104,466 92,682
4,450,000 400,600 214,710 153,173 122,722 104,701 92,891
4,460,000 401,501 215,192 153,518 122,998 104,936 93,100
4,470,000 402,401 215,675 153,862 123,273 105,171 93,309
4,480,000 403,301 216,157 154,206 123,549 105,407 93,517
4,490,000 404,201 216,640 154,550 123,825 105,642 93,726
4,500,000 405,101 217,122 154,894 124,101 105,877 93,935
4,510,000 406,002 217,605 155,239 124,377 106,113 94,144
4,520,000 406,902 218,087 155,583 124,652 106,348 94,352
4,530,000 407,802 218,570 155,927 124,928 106,583 94,561
4,540,000 408,702 219,052 156,271 125,204 106,818 94,770
4,550,000 409,603 219,535 156,615 125,480 107,054 94,979
4,560,000 410,503 220,017 156,960 125,755 107,289 95,187
4,570,000 411,403 220,500 157,304 126,031 107,524 95,396
4,580,000 412,303 220,982 157,648 126,307 107,760 95,605
4,590,000 413,203 221,465 157,992 126,583 107,995 95,814
4,600,000 414,104 221,947 158,336 126,859 108,230 96,022
4,610,000 415,004 222,430 158,681 127,134 108,465 96,231
4,620,000 415,904 222,912 159,025 127,410 108,701 96,440
4,630,000 416,804 223,395 159,369 127,686 108,936 96,649
4,640,000 417,705 223,877 159,713 127,962 109,171 96,857
4,650,000 418,605 224,360 160,058 128,237 109,407 97,066
4,660,000 419,505 224,842 160,402 128,513 109,642 97,275
4,670,000 420,405 225,325 160,746 128,789 109,877 97,484
4,680,000 421,306 225,807 161,090 129,065 110,112 97,692
4,690,000 422,206 226,290 161,434 129,341 110,348 97,901
4,700,000 423,106 226,772 161,779 129,616 110,583 98,110
4,710,000 424,006 227,255 162,123 129,892 110,818 98,319
4,720,000 424,906 227,737 162,467 130,168 111,053 98,527
4,730,000 425,807 228,220 162,811 130,444 111,289 98,736
4,740,000 426,707 228,702 163,155 130,719 111,524 98,945
4,750,000 427,607 229,185 163,500 130,995 111,759 99,154
4,760,000 428,507 229,667 163,844 131,271 111,995 99,362
4,770,000 429,408 230,150 164,188 131,547 112,230 99,571
4,780,000 430,308 230,632 164,532 131,823 112,465 99,780
4,790,000 431,208 231,115 164,876 132,098 112,700 99,989
4,800,000 432,108 231,597 165,221 132,374 112,936 100,197
4,810,000 433,008 232,080 165,565 132,650 113,171 100,406
4,820,000 433,909 232,562 165,909 132,926 113,406 100,615
4,830,000 434,809 233,045 166,253 133,202 113,642 100,823
4,840,000 435,709 233,527 166,598 133,477 113,877 101,032
4,850,000 436,609 234,010 166,942 133,753 114,112 101,241
4,860,000 437,510 234,492 167,286 134,029 114,347 101,450
4,870,000 438,410 234,975 167,630 134,305 114,583 101,658
4,880,000 439,310 235,457 167,974 134,580 114,818 101,867
4,890,000 440,210 235,940 168,319 134,856 115,053 102,076
4,900,000 441,110 236,422 168,663 135,132 115,289 102,285
4,910,000 442,011 236,905 169,007 135,408 115,524 102,493
4,920,000 442,911 237,387 169,351 135,684 115,759 102,702
4,930,000 443,811 237,870 169,695 135,959 115,994 102,911
4,940,000 444,711 238,352 170,040 136,235 116,230 103,120
4,950,000 445,612 238,835 170,384 136,511 116,465 103,328
4,960,000 446,512 239,317 170,728 136,787 116,700 103,537
4,970,000 447,412 239,800 171,072 137,062 116,936 103,746
4,980,000 448,312 240,282 171,416 137,338 117,171 103,955
4,990,000 449,213 240,765 171,761 137,614 117,406 104,163
5,000,000 450,113 241,247 172,105 137,890 117,641 104,372
Banks and Money

Planning To Buy Cryptocurrencies? Follow These Detailed Steps

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If you are here, you must be eager to buy one or many cryptocurrencies. that is not a problem. The real problem could be – which crypto to buy and then – how to buy it. Well, this article is nothing but a helping hand for those who finds it difficult.

Choosing a cryptocurrency can be a bit difficult but we will come to that later assuming that you already have a name in the mind. If you don’t, the later part is for clearing your confusion.

Here is the step-by-step guide for trading in cryptocurrencies.

  • Choose an exchange platform-

Choosing a exchange is the first step towards the investment or your buying process. Crypto exchanges are just the new version of the traditional stock exchanges. For example, you can try this on the trending and reliable a

  • Create an account

As you have chosen the platform, it is the time to open an account. Also, you would need to go through the verification process. however, the verification process highly depends on the platform and how costly your plan is. To complete the process, you may need to submit your permanent id such as your driving license.

  • Invest money

Just when your account has been authorized, you can start buying only after making a fund in your account. To do that, you would need to invest money. You can easily do it by linking the bank account with the account from the exchange. Once you have money invested, go on purchasing.

  • Order as per your wish

As you are ready with the money, start the purchasing process; choose the crypto you wish to buy and place an order. This could be a little harder as there are thousands of varieties. Choose one following our tips.

  • Which method you choose for storage

Storing your cryptos safely is as important as buying one. The are exposed to the hacker unless you choose a good storage method. Well, you have plenty of options such as keeping them in the exchange wallet. When registered, you are provided with an exchange wallet by the exchange itself. You can put it in there. However, if you do not feel it as a safe option, opt for either cold or the hot wallet.

Now, how would you choose the best crypto for yourself? Here are the suggestions you may follow.

Know how strong the community is

The community of a crypto tells a lot about it. Check how strong it is and how popular the crypto is. The community will also let you know the quality of the coin. Checking the social media, YouTube, exchanges, portals is the process to do so.

Know the working process

Checking the technology behind this will take you another step further towards making any decision. The technology can be referred as a backbone of any crypto. Research, dig deep and decide how much potential it has. For example, the enormous success behind bitcoin is the solid technology underneath – the blockchain technology.

Evaluate the market price of Bitcoins-

Check the price of the crypto and check the volatility. Once you are done researching on the pricing history, you can come to a decision in investment.

Consider your future plans-

What are their future plans? How many coins are in the circulation? What is the market cap? What is the highest limit of the coins? These are the questions to look for. If you find satisfactory answer for all these questions, understand that they have a solid roadmap and intent to go long.

Final Words

So, these were some helpful tips to make wise decision when investing in cryptocurrencies. Taking note of these helpful tips will undoubtedly work as a solution to get a productive result in your investment.

Banks and Money

Blockbuster metaverse computer currency project launched

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People have become very fond of retaining and investing in digital currency after gaining knowledge regarding its basic concept. The new idea within digital currency is growing and becoming more prevalent, famous by the name the metaverse. So metaverse in the digital currency market gained popularity after Facebook changed facebook’s name to meta. Since the time metaverse was introduced into the digital currency market, many innovations have been made in this area based on how people would interact with each other. Apart from this, it has also opened up the pathways for its users to have fun and make money while playing various games on the metaverse portal. If you are new in Bitcoin world, you should know some fascinating bitcoin facts that will drive you insane.

Multiple crypto projects are coming up that are being launched in the year 2022 that will help people to widen their portfolios and be invested in various games that will assist them in earning profits. Continue reading this article to learn about the new metaverse projects that will become part of the game this year.

  • Silks

Horse racing has been loved by many people all around the globe. Silks are one of the games from metaverse that will help horse racing lovers to try their luck. Silk is a new metaverse project looking forward to building an upgraded version of P2E games. This will enhance the overall experiences of the people and will assist them in earning money sitting in the comfort of their homes; this is a blockchain-enabled game that falls under the P2E category where users will experience a very high-end game that will be based on a very intricate and technologically advanced horse racing industry.

If you want to be a part of this game, you will get the chance to buy avatars that will help them go through the game quickly. They can also own silk horses, basically the digital representation of real-world horses that are part of horse races. Here, people get a chance to earn whereas they can also enjoy their favorite game. They can make by trading the silk horses within the platform, and they can yield the benefit from the rise in the prices of the digital assets.

  • Decentraland

Another brilliant metaverse digital currency project of this year is decentraland. This is based on a 3D virtual world run over by the Ethereum blockchain. This project was fundamentally launched in the year 2020. However, it rose to fame after metaverse became popular among the masses. In this game, the users can also create their avatars and customize them according to this wish and go on with the game. Moreover, the users can also accommodate lands and other digital assets in the game that will assist them in making more profits as they can later monetize all the support.

If you are interested in the nft games, this one is the best option, as all the in-game articles and assets are in the form of non-fungible tokens. The game revolves around a very structured and technologically advanced ecosystem. When you become part of this ecosystem, you can buy, retain and sell the digital assets you have acquired according to the prices of the assets at that time. You can trade the items in the form of MANA, the native token of the decentraland. Apart from digital trading assets, users can also earn through some other activities. They can use their lands for advertising and can also go on with other reward-winning activities for carrying out the process of making money.

  • The sandbox

The sandbox is very much similar to the gaming experience of decentraland. Its concept is based on Ethereum, and its atmosphere is very advanced that the users can interact with each other. In this game, everything can be customized, and even the clothes worn by the players can be altered. The clothes and the other in-game articles you will use or see in the games are in the form of nfts. You can trade and retain these articles to make money, as you can monetize them very quickly.

So, these are some of the best projects that will come to light in the current year. If you are interested in investing and becoming a part of the metaverse gang, you can start investing in these nfts and metaverse projects. However, before you begin investing, keep in mind to conduct proper research and development so that you can always stay in the safe zone.

Banks and Money

How can your bank account with internet banking facility be hacked?

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How can your bank account with internet banking facility be hacked?

Worth reading…

1. Hacker accesses your name and date of birth from Facebook.

2. With these details he goes to the IncomeTax site and updates them. From there he obtains the pin card and mobile numbers.

3. Then he gets a duplicate pin card made.

4. After this he lodges a mobile theft complaint in a police station.

5. With the duplicate pin card he gets another sim card from the mobile company.

6. Through internet banking he is now ready to access your account.

7. He goes to the site and uses the forgot my password option.

8. Now he easily gets past other options and gets the Internet banking pin on his simcard.

This information was issued by the Cyber Cell Police.

All those who used Net Banking are requested to edit Facebook profile and delete the birth date and mobile number as a safety measure.

Banks and Money

Top metaverse digital currencies available in the market

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The outbreak of covid 19 has assisted people in exploring more options from which they can generate the side-income. Digital currency is one option for people to invest and fill up their pockets if used intelligently. Metaverse has become an active part of the digital currency, and since then, multiple changes have been witnessed in the world of the digital currencies market. If we talk about the metaverse concept, it is a virtual concept that assists users in converting their real or physical experiences into a digital form. This digital form is created by creating avatars. This concept has reached the zenith of success after the pandemic as people have become more aware of digital currency and metaverse. So, if you are looking for a website from where you can be introduced to such exceptional digital currencies where you can invest and earn profits, then visit Bitcoin Motion.

Many platforms where digital currency is used use computer currency as their mode of payment. When the metaverse and the digital currencies join hands, various apps are created, such as Axie Infinity, second live, etc., that make earning possible for its users while having fun. These digital assets can be owned by the users in the form of nonfungible tokens. The codes for each user are already saved on the server, making it very easy for the user to retain and use the assets. Jotted down below are the top metaverse apps and metaverse currencies that are available in the market.

  • Sandbox (Sand)

Sandbox is an application that helps users keep track of their digital assets through another yet metaverse digital currency known as Sand. You can ultimately monetize your virtual experience by using this computer currency. Sandbox is a path that helps people to use Sand. Here people can earn while playing various games that will consist of multiple avatars, and through those avatars, people can become part of the games.

People with Sand currency can conceptualize their games or use this currency to play other games. This will help them to multiply their already existing computer currency. It facilitates in management of their existing digital currencies too. Sand is supported by Ethereum, making it completely reliable, technologically reliable, and solid. Above all, Sand is backed up and supported by SoftBank with the help of its vision fund. This is one of the most famous names in the tech-investment space.

  • Decentraland (MANA)

If we talk about this application, this app assists its users in purchasing, retaining, and selling the virtual property known as LAND. This is a very flexible kind of atmosphere and helps people to create land using any form of devices like a laptop, phone, or desktop. Every game or the metaverse game has its native digital currencies, and here in decentraland, MANA is the native currency. MANA is used to purchase and sell any goods and assets available in the game. Again, even this metaverse computer currency is also supported by Ethereum, and therefore, people have embedded their trust in this currency.

MANA, as mentioned earlier, is based on the Ethereum blockchain, which makes it very easy to use even by people who are entirely new to the market. Masses have also witnessed a four hundred percent hike in the price of this digital currency after facebook rebranded itself to Meta. This has also enhanced the overall value of the digital currency and even the metaverse computer currency, and people have started trusting this currency as a form of saving.

 

  • Star Atlas (Atlas)

Star Atlas is a space that helps users create their own customized spaceships and then use these spaceships to access the incredible metaverse world. They can make the environment where they want to play and go on with their journey and play games and enjoy while earning. The users can access these in-game activities by using the Atlas metaverse token. This token is not only fast but is also very secure and reliable.

Since the time metaverse and computer currency have joined hands, they are making it possible for users to have a great virtual experience. The future holds a lot more and more possibilities for people to earn and retain digital currency.

Banks and Money

BTC keeps struggling will it trigger another downtrend

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The price of Bitcoin tried again to go over $19,000, which it had already done. As the price of Bitcoin (BTC) went up, it exceeded $19,250 and the simple moving average for the last 100 hours. If you are a beginner and are looking for an ideal platform for crypto, visit site here.

Even more impressive is that the price kept going up, passed $19,500, and went over $20,000. On the other hand, there were signs that the market would go down below the $20,000 resistance zone. The price hit a new high near $20,177, and it started to go back down.

It used to cost more than $19,500, but now it costs less. An extensive bullish trend line with support at $19,350 was broken below the hourly chart for the BTC/USD pair. The trend line had helped in the past, so this is what happened. Right now, the bitcoin price is less than $19,400, and the simple moving average of the last 100 hours.

Near 18,937, a bottom starts to form, and prices start to go up again after they went down. It just went from a swing high of $20,177 to a swing low of $18,937, and the price is now close to the 23.6% Fib retracement mark.

On the way up, the level of $19,400 and the 100-hour simple moving average could act as a barrier right away. The following vital point of resistance is around $19,560. It is very close to the 50% Fib retracement level of the most recent drop, which started at the swing high of $20,177 and ended at the low of $18,937.

If the price increases and breaks through the barrier at $19,560, it could start a new uptrend. In the situation described, there is a chance that the price will break through the $20,000 resistance zone. The next big problem that needs to be solved is nearly $20,500.

Will Bitcoin continue to fall?

Bitcoin could fall again if it didn’t get past the resistance area around $19,560. In the short term, the market is helped by around $19,000.

The following important support level is around $18,580. The primary support is close to $18,500; if it breaks, the price could fall quickly to $18,000. If the price keeps decreasing, it may need to go back to $17,500 to find support.

The US Federal Reserve is taking “hawkish” steps to control inflation, which is a big reason why the prices of cryptocurrencies are falling. Most people think that the Federal Reserve will decide to raise interest rates at its next meeting on September 20 and 21. This is because inflation is rising, and there are other problems with the economy.

The CME Group’s FedWatch tool says that there is an 80% chance that rates will go up by 75 basis points (bps) and a 20% chance that rates will go up by 100 bps.

As this article is being written, the price of BTC has dropped about 6% in the last five days. Since June 18, when it was at its lowest point, the first cryptocurrency has gone up about 7%.

There has also been stress on other cryptocurrencies.

Analysts say that using CME data to compare how much Ethereum (ETH) and Bitcoin will be traded in the future doesn’t point in a clear direction. Since there isn’t a clear pattern, institutional investors aren’t putting much money into either option.

The most popular alternative cryptocurrency has lost 7% of its value in the last 24 hours. Cardano (ADA) and Solana (SOL) lost 5% of their value. Cardano lost 6% of its value. All of the cryptocurrencies on the market are worth less than $1 trillion as of right now. This is a big drop from November 2021, when it was worth $3 trillion.

Bitcoin Bottom

Before its low point last month, Bitcoin was worth about $25,000. This is a significant change from June when Bitcoin was worth the least. But Bitcoin just reached a low.

For those who need to remember, on June 18, the price of bitcoin fell to $17,708, which was its lowest point in the last 52 weeks. Some crypto companies, it was said, were having trouble getting money.

As of May 17, the company had assets worth $11.8 billion. In October of last year, it was in charge of more than $26 billion, a big drop. In June, the company’s assets under management (AUM) could no longer be seen on its website.

Banks and Money

The Blossoming Synergy of Fintech and Emerging Economies

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The intersection of technology and finance has paved the way for significant advancements, altering the way individuals and corporations navigate through the intricate world of financial management and investments. One striking transformation brought about by this amalgamation is the increased accessibility to international markets for countries that were traditionally secluded from such global pursuits. Within this transformative junction, the emergence of forex trading in Kenya, among other nations, stands as a testament to the newfound inclusivity and democratization offered by financial technology.

Kenyans, like many in various emerging economies, have found themselves amidst a new wave of financial possibilities. The ability to participate in international forex markets, once a pipe dream for the majority, has now become a reality that is readily available at their fingertips. Through the advent of various online platforms and mobile applications, the boundaries that once held back numerous aspiring traders have considerably dissipated.

This newfound accessibility is not merely a chance occurrence. It is the direct result of systematic advancements and enhancements within fintech, which has managed to couple the demand for financial engagement with the requisite technology to facilitate such involvement. Forex trading, with its reputation for complexity and high-risk factors, has been demystified to a degree, allowing even novices to gain insights into the dynamics of global currencies.

However, with the democratization of forex trading comes the challenge of ensuring that participants, particularly in regions where financial literacy may not be as widespread, are not venturing into treacherous waters unprepared. The attraction of lucrative returns from the forex market can sometimes obscure the inherent risks involved, necessitating robust educational frameworks to guide new traders through the intricate paths of currency trading.

In a context where mobile money platforms like M-Pesa have already revolutionized the way Kenyans interact with their finances, the extension into more complex financial activities like forex trading becomes a logical progression. The foundational understanding of digital transactions and managing finances online, fostered by widespread usage of such platforms, provides a fertile ground on which more advanced financial activities can take root.

It’s pertinent to note that while the digitization of financial activities brings along an array of opportunities, it equally presents a plethora of challenges that need meticulous attention. Cybersecurity, for instance, becomes paramount. The integration of robust, foolproof systems to safeguard against the myriad of cyber threats lurking in the digital shadows is imperative. Furthermore, data protection and privacy also warrant keen consideration, ensuring that users’ personal and financial data is cocooned safely against potential breaches.

Simultaneously, regulation and oversight become crucial to ensure that the digitization of forex trading doesn’t morph into a digital wild west. The formulation and implementation of regulations that safeguard the interests of the traders, especially those with minimal experience, become indispensable. And here, the role of governmental and international regulatory bodies is pivotal in shaping a secure and structured environment for digital trading.

Moreover, it’s worth exploring how the blossoming of digital finance can be further harnessed to stimulate local economies. Given that a significant portion of emerging economies is characterized by informal sectors and small-scale enterprises, how can fintech be molded to facilitate their growth and sustainability? The exploration into micro-financing, crowdfunding, and innovative investment mechanisms can play a pivotal role in not just opening doors to international markets but in solidifying the financial foundation of local economies.

The manifestation of a digital financial realm within emerging economies presents a fascinating journey to observe and participate in. While the advent of digital platforms that enable activities like forex trading in Kenya and other similar economies offers lucrative prospects, the road ahead is layered with numerous factors that need careful consideration. It’s a narrative that’s yet to fully unfold, a story being written with every transaction, every new user, and every innovative platform that graces the digital financial stage.

In this ensemble, every participant, from the novice trader in Nairobi to the fintech developer in Silicon Valley, plays a crucial role in sculpting the future trajectory of global digital finance. It’s a future that beckons with promises of inclusivity, opportunities, and a seamless blend of technology with financial aspirations, aspiring to create a world where financial empowerment is not just a privilege of the few but a right accessible to all.

Banks and Money

Hustler Fund Loan Limits and How To Increase Them Quickly

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The Hustler Fund is now fully operational. You can get a Hustler Fund Loan quickly by using the Mobile USSD Code *254# from any network.

Hustler Fund Loan Limits:

With the personal finance product, the maximum you can borrow is KES 50,000. The minimum is KES 500. However, it doesn’t automatically mean everyone can access the 50k. The government explains that once you submit an application, it will be subjected to the predetermined formula based on existing qualification parameters and that approval shall be granted based on meeting eligibility criteria, credit worthiness.

If you want to increase the loan limit allocated, you can only do so through continuous borrowing and timely repayment.

The government says Kenyans will not need collateral, guarantors, or paperwork. It’s a digital loan product, just like M-Shwari, KCB M-Pesa, etc, albeit with better interest rates.

Hustler Fund loan repayment:

  • Loan repayment will be in 14 days
  • Interest will be charged at 8% per annum, calculated daily. For example if you borrow KES 500, in 14 days your repayment will be KES 501.53. This is way cheaper than almost all other digital loan products in the country.
  • Repayment will be done through mobile money without any transaction costs.
  • If you mistakenly borrow a loan, you will have to repay it.
  • You cannot transfer your loan obligation to another phone number.
  • You can only borrow one loan at a time, and using only one of your phone numbers.
  • If you don’t repay your loan within 14 days, you won’t be added to a Credit Reference Bureau (CRB).
  • After 15 days more of lack of repayment, loan interest will go up to 9.5% per annum.
  • After 30 days if you haven’t paid, your account will be frozen, and you will lose credit score accumulated. This doesn’t affect other loan services.
Banks and Money

What is a Blockchain Oracle?

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Oracles go about as mediators among blockchains and outside information sources found here chesworkshop.org by giving way to trade among blockchains and outsider administrations as well as the other way around. On blockchains, hybrid smart contracts utilise decentralised Oracles networks (DONs) which look at and confirm assets from outside administrations for use on blockchains.

Decentralised Oracle Networks (DONs) — utilising different oracle choice models — register, control, and break down information from various sources to guarantee a serious level of information exactness and no weak link.

Talking about the usage of the oracle, usually, it can be used as an interoperability arrangement as it is seen that oracles like Chainlink and Band protocols play an important role in serving different blockchains.

How blockchain oracles work

Oracles utilise different instruments to examine information. The devices could be IoT, SDKs, APIs, sensors, or different sources; this information is sent as a marked message on the blockchain. Shrewd agreements access the information through the prophet, which stores the information in brilliant agreement stockpiling for availability.

Here we have explained the types of blockchain oracles.

Hardware oracles

When oracles are accessed by hardware, the hardware and computer peripherals are first connected to retrieve data. They are reliable when contrasted with programming oracles since they are more enthusiastic to think twice. Equipment oracles use IoT sensors and RFID labels to get information from sources. Hardware oracles are useful for inventory networks, climate, and other physical, actual situations.

Unanimity-based oracles

unanimity- based oracles utilise various oracles and a pragmatic calculation to infer genuine information for brilliant unanimity — they assist with guaranteeing that information sent to the blockchain is precise and dependable. A unanimity-based oracle would, for instance, scrape up to five news sites to confirm that a snippet of data is valid before putting it onto the blockchain.

Software oracles

Software oracles will be oracles associated with the Internet. These product oracles use data sets, web scrubbers, APIs, and more to bring information. They are the extremely generally utilised type of oracles due to their adaptability. An illustration of a product oracle would be an oracle taking care of the Ethereum blockchain with information from YouTube utilising YouTube’s API.

Inbound oracles

Inbound oracles play out the assignment of providing information from outer sources into the blockchain. These inbound oracles would utilise equipment oracles, programming oracles, or both to bring outer information utilised in the blockchain. An oracle that scratches Web 2.0 sites for information is an illustration of an inbound oracle.

Outbound oracles

Outbound oracles dispense information from a blockchain to an outer party. Any kind of external information party or another blockchain may be available for interoperability purposes. A brilliant contract on the blockchain would act as the oracle.

Programming, such as Web3Py and Web3Js, utilises oracles to question the blockchain and transfer information to Web 2.0 administrations. An illustration of outbound oracles would be savvy to look at the flowing stockpile of a crypto money token.

Compute-enabled oracles

Compute-enabled oracles are utilised for calculations that can’t be completed on-anchor because of different reasons like block requirements and cost of calculation. These figure-empowered oracles confirm that the information is precise before the calculation. Compute-enabled oracles are for the farther part utilised by Layer2 contracts like ZK Rollups to assemble information off-chain and are one of the elements that recognize ZK Rollups from Optimistic rollups.

 

Deterministic oracles

 

Deterministic oracles will be oracles based on believed information sources. These oracles use calculations that consider factors like standing scores to determine information. If a source is 98% right, for instance, there’s a high likelihood that it is exact and can be relied upon. An oracle that gathers information taken care of from government agencies, for instance, can be relied upon and utilised as a deterministic oracle.