Capital Exchange

Introduction to PCEX

PCEX is a user-friendly crypto-exchange supporting both digital currency to digital currency and digital currency to fiat currency trading. With multiple layers of security frameworks, PCEX is one of the most secure crypto-exchanges in the world. The platform has a superior order-matching mechanism and offers limit trading to allow the customers to trade at the best price the market offers.
One of the biggest drawbacks of crypto-exchanges is the lack of liquidity; PCEX will form strategic partnerships to ensure high liquidity to customers’ assets. The platform has the lowest transaction fees in the market to preserve the traders’ profit margins.

PCEX’s Broker/Sub-Broker Channels

PCEX’s broker and sub-broker channels are some of the best services that the platform offers.
The platform has a well-trained channel of brokers and sub-brokers who are equipped to guide customers to the best digital currency practices. The channel is also a link between the customers and the platform.
As a broker/sub-broker, help your clients expand their income by leading them to the fastest growing market in the world; the digital currency market. The crypto-industry reached its peak in the year 2017-2018, by growing into a $14 Billion market with hundreds of investors. Known as the fastest growing industry in the current market, the crypto-industry has the highest ROI among all investments, including stock, real estate, and mutual funds. As brokers and sub-brokers, capture a part of this profitable market by assisting your clients in exponentially increasing their returns.

Benefits of being a PCEX Broker/Sub-broker

In addition to the opportunity of entering a booming industry, PCEX’s brokers and sub-brokers have a few attractive advantages:
A high brokerage fee: PCEX’s fee structure is inclined towards benefitting the brokers and sub-brokers and less inclined towards just collecting a profit. By ensuring that the agents are well-compensated, PCEX aims to grow a network to clients rather than just an initial gain.

Unlimited incentives: The platform offers sizable incentives to the brokers and sub-brokers for each individual service.

Market training: By joining PCEX, the brokers and sub-brokers are entitled to a free training from experts in the field. Panaesha Capital will equip the agents with tricks-of-the-trade to enable them to guide the PCEX customers to successful crypto-trade.

Demat Account Safety Guidelines In India

In the fast-growing fintech world, stock markets have grown dramatically. About 15,000,000 new investors have joined the stock market since March 2021. The trading account and the demat account are two key components of stock trading, but what is a demat account and what is the difference between a demat account and a trading account? Simply put, a trading account is the place where you keep that part of your money which you want to invest, whereas a demat account is the place where you keep stocks and other investments which you have bought.

As the number of investors is increasing rapidly, the chance of certain malpractices are also on the rise. Some common malpractice that an investor needs to be aware of are:

  • Portraying garbage as gold to get some money: Many traders pitch in to sell penny stocks, fraudulent banks and other inappropriate stocks to make you invest for higher returns, but it never happens.
  • Trying to play with your mind: Many times brokers try to entice you by targeting you for your ethnic group, gender, social status, religion and more.
  • Unnecessarily taking upfront payments: Many times they take advance payments for commodities which are going to arrive, but they never really arrive. Also, they may take heavy account opening charges.
  • Power of Attorney (POA): Brokers may take Power of Attorney from the investors for trading and later misuse them for their personal benefits.

 

Securities Exchange Bureau of India (SEBI) and Reserve Bank of India (RBI) regulate and handle these issues and malpractices. However, solely relying on the governing bodies is not enough, we need to be careful from our side too. So what can we do to avoid getting fooled and losing our hard earned money? Here are some guidelines to follow for getting into the world of market investments, that would save you from such frauds:

  • Demat account opening charges usually vary between 0 to Rs. 300. If your broker is charging alarmingly more than this, be careful and look into the offers from other brokers as well.
  • Avoid giving Power of Attorney as giving the power of attorney to your broker is not a mandatory guideline by SEBI. Even if it is mandatory to do so with your broker, read all the clauses carefully and make sure there are no loopholes and only then sign it.
  • Be careful when a broker tries to be too friendly or personal with you, as he may be trying to entice you and cheat you later. Professionalism in a broker is always an added advantage.
  • Do not fall for a fake promise of high returns. Stock market is not a magic wand, it takes time to make legitimate money and most of the time, quick money is a scam.
  • Do your own research about the company’s financials and the management before investing, regardless of what information your broker gives to you.
  • Keep a track of all the funds in your trading account and the funds which are with your broker.

Cryptocurrency the Future of Money

What will the future of money look like? Imagine walking into a restaurant and looking up at the digital menu board at your favorite combo meal. Only, instead of it being priced at $8.99, it’s shown as.009 BTC.

Can crypto really be the future of money? The answer to that question hinges on the overall consensus on several key decisions ranging from ease of use to security and regulations.

Let’s examine both sides of the (digital) coin and compare and contrast traditional fiat money with cryptocurrency.

The first and most important component is trust.
It’s imperative that people trust the currency they’re using. What gives the dollar its value? Is it gold? No, the dollar hasn’t been backed by gold since the 1970s. Then what is it that gives the dollar (or any other fiat currency) value? Some countries’ currency is considered more stable than others. Ultimately, it’s people’s trust that the issuing government of that money stands firmly behind it and essentially guarantees its “value.”

How does trust work with Bitcoin since it’s decentralized meaning their isn’t a governing body that issues the coins? Bitcoin sits on the blockchain which is basically an online accounting ledger that allows the whole world to view each and every transaction. Each of these transactions is verified by miners (people operating computers on a peer to peer network) to prevent fraud and also ensure that there is no double spending. In exchange for their services of maintaining the integrity of the blockchain, the miners receive a payment for each transaction they verify. Since there are countless miners trying to make money each one checks each others work for errors. This proof of work process is why the blockchain has never been hacked. Essentially, this trust is what gives Bitcoin value.

Next let’s look at trust’s closest friend, security.
How about if my bank is robbed or there is fraudulent activity on my credit card? My deposits with the bank are covered by FDIC insurance. Chances are my bank will also reverse any charges on my card that I never made. That doesn’t mean that criminals won’t be able to pull off stunts that are at the very least frustrating and time consuming. It’s more or less the peace of mind that comes from knowing that I’ll most likely be made whole from any wrongdoing against me.

In crypto, there’s a lot of choices when it comes to where to store your money. It’s imperative to know if transactions are insured for your protection. There are reputable exchanges such as Binance and Coinbase that have a proven track record of righting wrongs for their clients. Just like there are less than reputable banks all over the world, the same is true in crypto.

What happens if I throw a twenty dollar bill into a fire? The same is true for crypto. If I lose my sign in credentials to a certain digital wallet or exchange then I won’t be able to have access to those coins. Again, I can’t stress enough the importance of conducting business with a reputable company.

The next issue is scaling. Currently, this might be the biggest hurdle that’s preventing people from conducting more transactions on the blockchain. When it comes to the speed of transactions, fiat money moves much quicker than crypto. Visa can handle about 40,000 transactions per second. Under normal circumstances, the blockchain can only handle around 10 per second. However, a new protocol is being enacted that will skyrocket this up to 60,000 transactions per second. Known as the Lightning Network, it could result in making crypto the future of money.

The conversation wouldn’t be complete without talking about convenience. What do people typically like about the their traditional banking and spending methods? For those who prefer cash, it’s obviously easy to use most of the time. If you’re trying to book a hotel room or a rental car, then you need a credit card. Personally, I use my credit card everywhere I go because of the convenience, security and rewards.
Did you know there are companies out there providing all of this in the crypto space as well? Monaco is now issuing Visa logo-ed cards that automatically convert your digital currency into the local currency for you.

If you’ve ever tried wiring money to someone you know that process can be very tedious and costly. Blockchain transactions allow for a user to send crypto to anyone in just minutes, regardless of where they live. It’s also considerably cheaper and safer than sending a bank wire.

There are other modern methods for transferring money that exist in both worlds. Take, for example, applications such as Zelle, Venmo and Messenger Pay. These apps are used by millions of millennials everyday. Did you also know that they are starting to incorporate crypto as well?

The Effect on the Sports Card Industry

On March 30th, 2021 PSA (Professional Sports Authenticator) announced they were temporarily suspending all their grading services below Super Express ($350 a card) for at least 90 days with the hope of reopening all services around July 1st, 2021. PSA received more cards in 3 days than they did in the previous 3 months which is what led to the backlog and ultimately the difficult decision of suspending new submissions for a couple months.

OK, so let’s look at the impact this may have in the short term. Long term should be negligible to the sports card industry as it looks like at this point in time since they intend on being back to servicing all PSA grading levels within 90 days.

1 – People I believe will step back and take note on inspecting each card and really enjoy the card look for what it is more rather than just looking for a graded card since they won’t be grading nearly as many cards as they were previously simply because of PSA’s postponement of services.

2 – With SGC (Sportscard Guaranty Company) at minimum of $75/card and BGS (Beckett Grading Services) at minimum of $100/card to get a card graded within 1 month or less we most likely aren’t going to see much of an increase in business since PSA still has Super Express service open at $350/card and their brand commands so much higher values in the open market.

3 – The suspension of PSA grading services leaves the opportunity for companies like HGA (Hybrid Grading) and CSG (Certified Sports Guaranty) to make up ground especially on the lower-end cards with values of $500 or less because of their low cost grading services. So far I believe it will be CSG that has the best chance at grabbing a good piece of the market share for value cards of $500 or less away from PSA at least in the short term while PSA’s value service is suspended. How much CSG retains in market share if PSA reinstates the value grading service at $25 is the unknown variable.

4 – In the short term, PSA 10 values should increase on all cards but especially should increase on lower end cards valued at $1k or less simply because you can’t grade with any sports card PSA at that value unless you wanted to utilize the Super Express service, but that wouldn’t make financial sense to do at $350 per card. I fully expect this will create more demand for those cards in the short term. However, in the long term many of the base level cards that are PSA 10 should return to normal values once/if PSA resumes their value service which is currently set at $25/card. The higher value cards of staples in every market (baseball, football, basketball, etc) should continue to rise though as there are less of those available in the marketplace which is the simple rule of supply and demand.