Category: Bitcoin

How to Earn Money from Cryptocurrencies?

How to Earn Money from Cryptocurrencies? Earn Money from Cryptocurrencies

Cryptocurrency is one of the trending topics these days. And people want to get indulged with it in a way or another. Some people do consider it as an investment option and some consider it as a way to make quick money. But one question that many has is How to Earn Money from Cryptocurrencies?

Well, if you have similar questions in your mind, then let me help you out. In this article, I am going to talk about certain things that will help you to earn money from Cryptocurrencies.

So let’s just go ahead and check them out:

Earn Money from Cryptocurrencies

1. Investing and Holding

Investing and holding is one of the common ways to earn money from Cryptocurrencies. In this case, all you have to do is invest in some of the most profitable cryptocurrencies and hold them for months or years. And when the price starts to go up and reaches a good level, you simply sell all your cryptocurrencies, and you are all done.

It is the safest option to earn money from Cryptocurrencies. Also, if you ask me what are the most profitable cryptocurrencies, I would recommend you to look for Bitcoin, Ehteerum, BNB coins and others.

2. Lending Cryptocurrencies

Lending cryptocurrencies is another great way to earn money online. If you are someone who owns some cryptocurrencies like Bitcoin or Ethreum, then you can lend your coins and earn benefits in return. By lending your cryptocurrencies, you will be able to earn a decent profit of 2% to 8%.

Also, the best part of crypto lending is that you don’t just get to hold your coins for the future. But you are also earning a profit on the go. To get started with Crypto lending, you can join Blockfi.

3. Mining Cryptocurrencies

Cryptocurrency mining is another great option to make money. However, this method requires you to invest in good hardware and electricity. But it will surely fetch you a large amount of money in the long run. Even in some countries, different companies have built Crypto mining farms.

Moreover, it is not really necessary to have good hardware and invest in electricity. These days, there are quite a lot of platforms available which you can use for cloud mining.

4. Blogging On Cryptocurrency websites

You can also earn money from cryptocurrencies by blogging and writing on websites that pay you in cryptocurrencies. The logic is pretty simple, you post your articles on a website, and if readers really like your content, they will pay you cryptocurrencies to read it.

If your content is valuable, then you can also directly monetize your content. To get started with this platform, you can join platforms like Steemit, Y’alls, and so on. A great example of this is my friend Sandra Smith from TechCrucial as she has also started blogging on cryptocurrency sites.

5. Cryptocurrency Arbitrage

In the end, you can try out Cryptocurrency Arbitrage. As you know that Cryptocurrencies are not controlled by any government. Hence, you will see a price difference from one exchange to another. So all you have to do is buy Cryptocurrencies from one exchange and sell it on another platform where the price is a bit higher.…

Top 7 Best Bitcoin Wallets For Your Bitcoins!

Top 7 Best Bitcoin Wallets For Your Bitcoins! best bitcoin wallet

A Bitcoin wallet is often also known as a digital wallet. Similar to bitcoins, which are virtual money transactions from one person to another, bitcoin wallets can be compared to a physical wallet. A bitcoin wallet is at the receiving end of bitcoins being send and obtained between one another and therefore has a significant role to play.

Types Of Bitcoin Wallets

There are four different types of Bitcoin wallets that one can use. They are:

1. Software Wallets

These are hot wallets that require the download of software clients to create and use a wallet. Software clients being available for both platforms- desktop and mobile.

2. Online Wallets

Online wallets are also called Web wallets and are the easiest of all the different kinds of hot wallets. Transactions become easier here for your wallet in accessible from any device with an internet connection.

3. Paper Wallets

Here, you can sort of print out your public and private keys on a piece of paper. It’s an offline method and is safest of all since you have your keys printed on a piece of paper.

4. Hardware wallets

They are independent hardware cold-storage devices that generate keys on the fly while making a transaction. Also, they are USB shaped devices that have to be plugged into your PC while making a transaction.

Best Bitcoin Wallets

1. Coinbase

Coinbase is one of the most trusted cryptocurrency platforms that stores the majority of the digital assets safely. The cryptocurrency stored is covered by insurance policy. It also supports a number of popular digital currencies. In short, it is the easiest place to buy, sell and manage your cryptocurrency. Some of its features include:

  •  You can invest steadily in your cryptocurrency over time and schedule buys daily, weekly or even monthly.
  •  It offers a secure vault to store your funds with time delayed withdrawals.
  •  The Coinbase app available for android as well as for iOS makes you stay on top of the markets.

2. Ledger Nano X

It’s the latest of all the hardware wallets. It is easy to use (easiest among most wallets) and is priced at $119. It’s much bigger than the previous Ledger Nano S, the buttons also being bigger and easier to use. It supports a wide range of coins and can be setup using an iOS device, android or even computer. Moreover, the Ledger app has really amazing security suggestions if followed. Lastly, The Ledger Nano X supports most languages.

3. Trezor

Trezor was the first bitcoin hardware wallet launched in August 2014. It offers secure  cold storage and the ability to spend with the help of a hot wallet. it is a tiny key-sized device which connects to your PC with a USB cable. It secures your bitcoin transactions offline and can even be used on a virus-infected computer. Some of its features are:

  •  Top-notch security protecting against both physical and virtual theft.
  •  Trezor buttons make sure no illicit transactions happen from your computer.
  •  It comes with a good privacy.
  •  Is compatible with a number of wallets.

4. Exodus

Exodus is a multi-currency wallet, especially meant for beginners. It is easy to use and is available for both mobile and computer. It has a basic design and a good enough online support. The only drawback it has is its lack of custom network fees and the fact that it is not completely open source. Soem of its features are:

  •  Makes you go as beginner to pro in the field of cryptocurrency.
  •  It is a light wallet with a quick initial setup.
  •  Also compatible with Trezor hardware wallets.

5. Unocoin

Unocoin is a Bitcoin web wallet that was mainly created in order to cater to the needs of the Indian community. Private keys are encrypted and stored in cold storage. This makes it not just savvy but unpredictable. Unocoin also has its own trading facility and it allows users to store INR within the wallet itself. Unocoin allows users to further protect their funds using 2-FA. It’s perfect for the Indian audience since OTP mobile verification is done at almost every step.

6. Zebpay

Zebpay wallet is a mobile and web-based crypto exchange and wallet service provider that has been serving the market since ages now. It’s a platform which trades, exchanges and offers crypto storage facilities. It used to focus on the Indian market but is now globally acclaimed. It is a hot wallet and supports major cryptocurrencies. Its features are:

  •  No fees for the wallet service. The platform uses a zero-fee policy for all services including deposits, withdrawals and even trading.
  •  KYC is required to use its services.
  •  They take no withdrawal fees.

7. Blockchain (Mobile App)

The blockchain app grants full-proof consumer protection and security in almost all projects. When developing the latest generation of P2P payment platforms, blockchain could easily be considered the new industry standard for encryption and privacy.

Final Thoughts

Out of the many above-mentioned bitcoin wallets, the safest and the most secure wallet can only be determined vis.-a-vis. experience as well as the liabilities of such wallets can be found through usage only.…

Top 8 Best Bitcoin Exchanges For Trading Bitcoins

Top 8 Best Bitcoin Exchanges For Trading Bitcoins best bitcoin exchanges

Bitcoin exchange or cryptocurrency for that matter refers to the primary exchange between business men, allowing their customers to trade the same or other assets, such as conventional fiat money or other digital currencies. Bitcoin/ cryptocurrency exchange support countries, and also accept payment methods, fees, look for privacy, limits, liquidity, reputation, speed (delivery of coins), customer support, and any past issues. With the usage of bitcoin and bitcoin wallets in abounds, the exchange between the same too becomes a priority and therefore, nothing but the best and the safest medium/measures should be considered.

Given below are means by which money and digital currencies can be transferred electronically as an online business!

1. CoinDCX

CoinDCX is an Indian cryptocurrency exchange which acts as a safe and secure platform offering crypto-to-crypto trading between over 30 crypto trading pairs. Moreover, CoinDCX is the most trusted cryptocurrency exchange in India owing to its massive liquidity, powerful wallet, and a full-proof security. All of these features further make it efficient and the trading experience extremely fast, reliable, and effortless.

Furthermore, CoinDCX has enabled its business men to trade with a bunch of industry-first products, thereby making the trade better in terms of liquidity, considering the world’s top-most exchanges. The products are made as per the needs and usage of the traders, keeping in mind their trading experience, risk tolerance, and trading frequency.

2. Unodax

Unoax is an Indian cryptocurrency exchange too. Unodax, much like other Indian cryptocurrency exchanges, prohibit the exchange of cryptocurrency between US-investors (likewise, no other trader without an Indian phone number). Unodax’s trading fees for takers are 0.60%. This fee is indeed above the industry average. However, the exchange does also offer a discount to makers, who trade at a fee of 0.40%. Cle3arly, Unodax rather specify the taxes to be levied upon your purchase (apparently 18% in Indian General Sales Tax on the transaction fee). Unodax charges a withdrawal fee that amounts to 0.0002 BTC when you withdraw BTC. This is somewhat 75% below the industry average, the industry average being around 0.0008 BTC per BTC-withdrawal. Therefore, the withdrawal fee charged by this exchange is truly very competitive.

Security is important. Any exchnage details their encryption on their website. That is to say, the address-private key pairs receive a AES-256 encryption “sealed in envelopes and stored in multiple safe deposit lockers”.

3. Binance

Binance is a cryptocurrency exchange that provides a platform required for further trading various other cryptocurrencies. Well, Binance was the largest cryptocurrency exchanges in the world till January 2018, in terms of trading volume. Binance was found by Changpeng Zhao, a developer who is much known for having created a high frequency trading software. Binance has since then announced that it will stop serving U.S. individual and corporate customers on its main platform

However, let’s not forget that Binance is one of the most secure exchanges in the market at this point. Not only are their wallet services secure and safe, but also their transaction fees are quite low as well.

4. KuCoin

It’s a Hong-Kong-based cryptocurrency exchange platform. KuCoin has one of the world’s most amazing trading pair selections, which include more than 300 trading pairs. Not to mention, the exchange provides you with the most advanced API on the market. KuCoin also doesn’t charge varying fees between the creators and the users. The exchange rather has a so called “flat” fee model. They offer a flat trading fee of 0.10%, which is below the global industry average. And the global industry average is somewhat “around 0.25%”.

KuCoin’s security score is D+, as claimed while performing the test at Observatory by Mozilla.

5. Poloniex

Poloniex is for all those who want an excellent option in terms of a reliable exchange with an industry-leading number of cryptocurrency pairs and additional features, such as margin trading. Not to mention, that Poloniex is safe to use. Meanwhile, United States-based crypto exchange Poloniex is distancing from the limited circle to form a new exchange that will not support trading for customers in the US.

6. Kraken

Kraken is indeed a worthy option to consider owing to its convincing security features and low transaction fees. However, it’s not the best option for beginners due to its more complex interface. Some of the commendable features of it include- high liquidity, industry leading security measures and 24/7 live customer support. Kraken also holds full reserves of their customer funds. Kraken employs an independent, cryptographically-verified audit in order to ensure third parties and the exchange’s customers regarding the proper handling of the funds.

7. Bittrex

Bittrex is a global leader in the blockchain revolution. It basically operates the premier U.S.-based blockchain trading platform, primarily designed for customers in demand for lightning-fast trade execution, dependable digital wallets, and industry-leading security practices. Although Bittrex is one of the most secure exchanges, users can still lose funds.

8. Localbitcoins

LocalBitcoins is a man-to-man bitcoin marketplace based in Helsinki, Finland. Its service facilitates over-the-counter trading of local currency for bitcoins. All that has to be done, is the process where users post advertisements on the website, in order to state exchange rates and payment methods for buying or selling bitcoins.

Final Words

In a nutshell, a bitcoin exchange is a digital marketplace meant for traders to buy and sell bitcoins to and from, using myriad fiat currencies or altcoins. A bitcoin currency exchange on the other hand is an online platform that acts as an intermediary between buyers and sellers of the cryptocurrency. The currency ticker used for bitcoin is either BTC or XBT.

Well, we seem to have summed it all up. Hope you make a wise choice from now on!

 

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Top 4 Best Bitcoin Hardware Wallet For Your Crypocurrencies

Top 4 Best Bitcoin Hardware Wallet For Your Crypocurrencies best bitcoin hardware wallet

With everyone joining in the realm of Bitcoins lately, the concept has surely gained some momentum. While some of us believe in storing our Bitcoins in our desktops or software, some might also be there who would want to keep the same more secure, in actual hardware wallets preferably!

What Is A Hardware Wallet?

Bitcoin hardware wallets are a tamper-proof electronic device designed to store private keys of your coins securely, which can be used for day-to-day purposes. The private keys and digital signatures needed to spend bitcoins are generated via these wallets. Hardware wallets offer full-proof security against software wallets in case of thefts or scams. However, hardware wallets are safer because even if they are stolen, you can always retrieve your coins on a new wallet. In contrast to this, software wallets can easily be hacked into and leaked/ stolen. Some hardware wallets have security grid cards, and some have a little digital screen with a user interface to verify transactions.

Some Of The Best Hardware Wallets Are As Follows:

1. Ledger Nano S

The Ledger Nano S is a product of a France-based startup. It has a very attractive and rather smart European-styled touch to it. Some of its key features include:

  •  backup seed key to help recover your bitcoins,
  • easy to use OLED interface,
  • flash drive like feel with two buttons on the side for navigating the interface
  •  it is a battery-less device, which again helps connect it to a PC or mobile device via USB
  •  supports nine cryptocurrencies (including Bitcoin)
  •  cheapest multicurrency wallet available only for $65.

2. Trezor

With Trezor bitcoin hardware wallet, the era of hardware wallets beagn! It is created by SantoshiLabs and is the safest Bitcoin hardware wallet in the world. It looks like a tiny calculator with an OLED screen. Its key features and functions are as follows:

  •  generates nine digit pins and a 24-word recovery seed-key ensuring security
  • it serves the purpose of storing private keys and to sign transactions online
  • could be used with android devices and with apps such as TREZOR wallet, Mycelium, and Multibit HD.
  • supports eight cryptocurrencies (including Bitcoin)
  • it costs for $99.

3.  Ledger Nano X

Ledger Nano X is the latest hardware wallet by the savvy of hardware wallet Ledger. The possibility of a security with the help of just two chips makes the wallet rather beautiful! Ledger Nano X is a perfect combination of hardware security and mobility. Following are some of its exquisite features:

  •  stainless steel and plastic
  •  100 mAh battery
  • stores multiple cryptocurrencies at one time
  •  easy to use
  • free shipping
  • login to DEX like Binance
  •  stores popular crypto wallets like- bitcoin, bitcoin cash, ethereum, litecoin, monero, ripple, neo, binance coin, 100+ cryptocurrencies
  •  it is the modern version of Ledger Nano S.

4. Keep Key

Another of a hardware device which is pretty much available in the market for storing bitcoins. Not that much a change when it comes to differentiating it from Ledger Nano or Trezor. It’s rather double the size of the two and therefore isn’t convenient to carry at all. Its features are as follows:

  • same backup seed key feature with an enabled pincode
  •  works pretty much like other wallets
  • supports six cryptocurrencies (including bitcoins)
  •  costs $ 99

Final Thoughts

Well, bitcoin hardware wallets were formed after bitcoin was born. Today, even cryptocurrencies can be stored in these wallets. Therefore, it becomes important to store these bitcoin and other cryptocurrencies in a hardware wallet that’s secure for long term. Also, since these take a time of a month or so, due to the huge demand, you gotta be thinking on buying one ASAP.

Also, there seems to be no difficulty now on which one to chose after all!…