Today we’re opening a wallet. We’re talking about a crypto wallet which is a software that allows you to communicate in a cryptocurrency network when you want to do your transactions. There are different ways that you can create your wallet on PC, android or IOS. Majority of the youth have phones so we’ll open the one for mobile phones.
Open App Store/ Play Store depending on your phone.
Search for Coinomi download and install.
Once it’s successfully downloaded and installed, open and go to create new wallet.
Copy the seed phrase and keep it somewhere safe for (it is used for wallet recovery)
Next create a password/private key for your new wallet (do not share the private key)
Your wallet is created.
The cheapest and fastest way to buy Ubricoin (UBN) is to send ETH to the contract address 0xDB13025b219dB5e4529f48b65Ff009a26B6Ae733.
Go to the home page and swipe left for the menu then click ‘add tokens’
Click on the Ethereum and then click on the dots on the top right corner.
Click on ‘Add token manually’
Place the contract address provided above, name-Ubricoin, symbol-UBN and decimal-18
Send your public address to +254 755 844 017 once you have created your wallet.
Learn more here: https://ubricoin.ubrica.com/buy-ubricoin/.
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Be part of the digital currency revolution. Don’t be left behind.
devises we use to conduct transactions are usually like smartphone and computers
are usually prone to cyberattacks. There are criminals whose specialties
include; cryptocurrency scamming, crypto jacking
or sending ransomware to your device. They stand
to make a lot of money especially from crypto users and investors who don’t secure
their Ethereum wallets and devices. When
installing or opening an Ethereum wallet, you are advised not to share both
your private key and seed phrase. Neither are you advised to store
these information in places where they can easily be accessed like email and
notepads. This is primarily for security purposes
to make sure that only the legitimate user has access.
This is however not enough to keep the
crypto criminals off your back. The following are simple ideas on how to avoid
traps that are set by the criminals. Don’t click links in email messages, these links my
contain malware that once clicked are imbedded in your device. Install ad-blocking software as some malwares
are usually sent in form of an ad. Don’t ignore browser warnings, don’t click
on suspicious looking pop-ups and never
install software or apps you do not trust.
and when you notice that your device starts
overheating, is slower than usual,
burns through battery power too fast, or becomes
unresponsive then your device might be under attack. Here is what to do
in the event of such cases. Close sites or apps that slow your device or drain
your battery. It is also important that your device has an updated antivirus
software that is set to automatically update.
The internet is full of opportunities be it legal or illegal. Some have perfected the craft of taking advantage of others and swindling them off their hard earned money. Just like we have credit card fraud, cryptocurrency too is not immune to attacks. There are crypto crimes that investors should be cautious of.
In a recent report by Blockchain Security Company, CipherTrace. It indicated that cyber criminals have walked away with $4.3 billion from investors, users and exchanges just from January this year. In the report, the PlusToken scheme was the largest single incident with $2.9 billion stolen. Some of the crimes that the Ubricoin investors and users should be aware of include the following
Scams: Investors always think of making profits and some usually jump on the
first offer to double their profits without digging deep. When a deal is too
good think twice. Scammers usually come with mouthwatering offers that give you
promises like guaranteed profits, doubling your money in a short time or even promises
free money in dollars or cryptocurrency.
Ransomware: This is a type of malicious software, or malware,
designed to lock a user out from accessing his or her data until a ransom is
paid. In some cases you get access but in other cases you do not even after
paying the ransom. A good example is the GermanWiper that erases data
completely instead of encrypting and giving back access once ransom is paid.
jacking: This is when scammers put malicious code onto your device that gives
them access. This gives them the power to mine cryptocurrency for their own
benefit without your permission.
Communication and financial technologies have changed over the years. Gone are the days people used to send money or communicate via the post office using envelopes. Fast forward and we now have smartphones that can do both; communicate and send/receive money. The use of mobile money has risen since its introduction into the financial market not just in Kenya but around the world. Kenya made wave when Safaricom introduced MPesa.
80% of smartphone owners in Kenya use mobile money on a daily basis. this tells you how important it is. The good news is, Ubrica has made it possible for users to buy their coins (UBN) by using MPesa. In my last post I showed you how important a wallet is in crypto and how to open one.Once
you have your smartphone, you have your ethereum wallet, you have your money in
your MPesa, you have intentions of buying coins and you don’t know how? Worry
no more because you can easily buy Ubricoins using MPesa by following a few
buy Ubricons, follow the following steps.
money to MPESA TILL NUMBER 599019.
MPesa transaction message to Tel: +254 780743174
will be sent to your Wallet Address
forget the importance and security of both the seed phrase and private key. The
seed phrase is important for wallet retrieval while the private key is for
access. Remember for KSh.100, you get one Ubricoin (UBN)
Ask any businessperson what business is about and he/she will tell you it’s about making profits and taking a lot of risks. A majority of people fear getting into businesses because of lack of knowledge especially if you intend to invest in something new in the market. Cryptocurrency is currently facing the same situation with a majority not being open towards it.
However, there are some moves in the market that should encourage those still having doubts. Cryptocurrency is definitely going to be the currency in use in a couple of years. Take an example a country like China that has given reports that its crypto is getting into the market soon. A company like Facebook is also on the same track. Come closer to home where the Kenyan government has been advised to adopt this technology. These are signs that crypto is getting waves and its being accepted from all corners of the world.
For those who still have the fear of investing, there is still time to do so. Cryptocurrency is fast moving and you need to be on that train. Be part of the Ubricoin family, Kenya’s very own and most successful crypto by Ubrica. A lot of people around the world are denied access to affordable quality healthcare which is a human right and Ubrica’s mission is to make sure this does not continue to happen. Invest in Ubricoin and you invest on global health.
Ubrica’s main objective is to decentralize healthcare in the world. A lot of people especially those from poor families always have a hard time accessing quality and affordable healthcare. Ubrica has programs put in place to ensure quality affordable access to healthcare. To push this agenda, they have the World Ubricoin Ambassador Program (WUAP). Over 1,000 ambassadors are needed from all over the world with Kenya having half of the number with 500 ambassadors.
Responsibilities of an ambassador includes finding like-minded
people around the world and forming a society of Ubricans in your region. Educating
your circle of people on cryptocurrency in health and life science. Finding ways
on how to improve access to quality and affordable global healthcare. To qualify
you must have quality leadership skills, people and communication skills,
online presence, willing to learn and gain knowledge on cryptocurrency.
As an ambassador, benefits include 5,000 UBN monthly , you’ll also be the first to be informed on Ubrica opportunities and activities, have tickets reserved to Ubrica events, receive an ambassadorial certificate after 24 months of service and a recommendation letter based on performance.
You will report to Fridah Butale who is the Chief Ambassador in Nairobi. Application to be sent to email@example.com and subject of your email ‘to serve as an ambassador.’ For more information, send an email to firstname.lastname@example.org or email@example.com or call the office +254780743174
Are you interested in the blockchain technology and learn more on how crypto works? Well, here is the opportunity you’ve been waiting for. Ubrica through its Academy of Society of Ubricans will be offering courses to familiarize and understand how this technology works. This is an exciting opportunity as just a week ago, the Distributed Ledgers and Artificial Intelligence task force recommended Kenya to adopt the use of cryptocurrency. However, in their report they noted that blockchain is a new technology thus recommended that the public must be taught and given more information to fully understand just how it works.
blockchain concepts, smart contract, crypto mining and consensus algorithms are
some of the important aspects that will be taught. As from 12th August
this year, there will be an 8-weeks course program that will have both technical
knowledge and the trading courses. For the technically oriented people, the
course It will be divided into three; introduction to blockchain which will
have the basics on the tech, there will be blockchain intermediate and then
blockchain advanced. Trading courses will also be divided into three;
introduction to trading, intermediate trading and advanced trading.
Do not let this opportunity to meet and learn more from experts go free. Just a reminder, you do not need to be a tech guru to understand the fundamentals around this technology, you can be an expert in trading too. It will cost you just 1 Ether (ETH). You cannot afford to miss out!
Many people tend to open their wallets, buy coins and just do nothing like we see in the case of cash deposition in banks. The crypto world however works in a different way. One important factor to note is the trading volume. This is very important in analyzing cryptocurrencies around the world. So what is trading volume? It is the amount of activities (buying and selling) around a coin in the last 24hrs. Remember cryptocurrency is a public ledger and that means that the activities of a coin are visible to everyone interested.
As I mentioned before trading volume has a huge
role in analyzing a crypto. The trading volume can show whether that particular
coin is a good investment or not. Take an example a shop with fewer customers,
the shop is likely to go under due to the lack of transactions. The higher the
trading volume the more people will get interested in that particular coin
especially the investors. In the long run, the large number of activities will
affect the prices of the coin.
If the coin is a good investment, it has a steady rise in the trading volume, the prices will get higher to accommodate the high number. Take an example of Ubricoin having a rise in trading volume, the prices will go up as well. A higher volume with lower prices, could indicate that the coin is not attracting investors. The job, in this case is to increase awareness, so that the coin may be known by more people. This builds credibility, trust and direction of the coin. You can view the exchanges in which Ubricoin is listed on the listed exchanges.
Ubricoin is arguably the most successful cryptocurrency in Kenya and with the attention it is getting, it is spreading very fast. The spread and growth is too fast that it is now being used to buy goods and services. Recently, Ubricoins were used to buy a piece of land. Yes a piece of land. As at the time of transaction, 1 UBN was equivalent to KSh.100 and the land in question was going at KSh.300M. this means that they paid 3M UBN to complete the transfer of ownership. Crazy right? Well that’s not all.
Another milestone is the acceptance of Ubricoins to pay for food in restaurants. This shouldn’t come as a surprise as people are beginning to understand crypto. However, if you told me few years ago that I would be using crypto in Kenya in 2019, I wouldn’t have agreed with you. Well here we are, the first restaurant, Betty’s Place, which is in Nyeri town has come to an agreement with Ubrica to accept Ubricoins (UBN) as an alternative mode of payment. They say the journey of a thousand miles start with a step, Ubricoin continues to take the crypto market by storm and make their mark.
For those in Nyeri or are visiting Nyeri town soon be sure to pass by Betty’s Place and Ubricoins to buy food and have a good time with your loved ones. For those who can’t make it there don’t be worried, Ubricoin is coming near you! You’ll soon be able to pay for your dream house or buy that phone or car you’ve always wanted.
In the financial world trading means buying and selling an asset with the intentions of making profits. Trading cryptocurrency is a risky and volatile business and therefore in as much as people do it for profit this is always not the case. People have made lots of money overnight and others have made losses to an extent losing all their investments. Now before venturing into crypto trading, you need to understand the types of trading. There are two types of trading, short term and long term trading. The difference in both is the period of holding the assets (coins) before trading.
As the name suggests, short term trading is where you buy crypto and
hold it for short period of time. This period is usually a minutes, an hour, a
few days or weeks. In most cases, this is motivated by the need to make easy and
quick money. It however involves a lot of market analysis and speculations
based on the fact that crypto market is unpredictable, one moment its low and
the next it is high. It is also referred to as day trading.
Long term trading on the other hand is the opposite of short term
trading. It involves buying crypto and holding it for a very long time like a
year or more. Take an example if you buy Ubricoin for Sh.100 and in 2025 sell
it at Sh.5000 you would’ve made a lot of profits. This however is not
guaranteed as I had mentioned. This kind of trading is perfect for those who
don’t have the time to study the market.
It also makes one miss out on the opportunity of making a quick cash.