Cryptocurrencies trade is a booming business to those who have learned the rope and those that get into it with full information of how things work. On the contrary, it can be another arena for gnashing teeth once you meet the fraudulent artists waiting to pounce on you.
About the Ontario Security Commission
Ontario Security Commission is a Canadian-based firm that has offered to educate the public in Ontario and the rest of Canada on what the crypto world looks like, and how to get into it with open eyes. They have provided a guide that touches on different aspects of the pre-trade.
In Ontario, close to a half a million citizens ages 18-34 years. Majorly male, have or are already in the crypto industry. That is a prime age that is vibrant on matters of wealth creation and economic diversification. The trade is, therefore, gaining ground among many retail investors.
What is Entailed in the OSC GUIDE?
The guide that OSC is offering to Canadians helps to explain what the blockchain technology is and how it works. The cryptocurrency trade and blockchain technology are inseparable. It is vital for anyone to have the background information on the link between the two.
The investors also get a guide on what Initial Coin Offering is, and the role they play in the market. They also get to know how to identify the correct ICO to take them through the trading. Recently, there have been cases of ICO being under investigation for not offering the right returns to the investors in the US.
With all the material OSC provides, they also advise the investors where they will buy the crypto and how they will do it. This is even too crucial to be ignored. The cons are among the good traders and falling in their trap is only a single step forward.
It is also vital for potential traders to know the role of the miners. The OSC elaborately takes you through every step of the role of miners in an explicit manner. According to Tyler Flemming, the director f among other cryptocurrency assets, products, and services are to keep the potential investors on the alert on signs of fake traders in the marketplace.
They have a fake ICO website that everyone needs it. OSC outlines how a fake ICO looks like. Once the potential trader knows the characteristics of a fake ICO, it is a step high to be safe from fraudsters. Precisely, OSC is doing a great job to feed the public with the right trading tools to make informed decisions.