Category: Cryptocurrency

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 5 Best Crypto Trading Bots

Top 5 Best Crypto Trading Bots best crypto trading bots

Crypto Trading Bots are computer operated programs that store cryptocurrencies after buying them, only to sell them at the most perfect hour! This further generates profit for the users. They work in a way that the market is in their vicinity of close patrolling, only to act upon the predetermined rules on time. One can often determine how the bot will analyze various market actions, such as volume, orders, price, and time, as per their taste and preference.

Best Crypto Trading Bots

1. Cryptohopper

A newcomer in the market that has totally been able to make its name by missing no opportunities. That is to say, Cryptohopper utilizes cloud technology to keep the bot running 24/7. This method enables users to place trade orders even during the night. Some of its salient features comprise of:

  • The bot has integrated with an external trading signaller which makes it easy to use by running on autopilot.
  • It is equipped with features such as trailing stops, technical analysis, templates, and backtesting.
  • Once you subscribe to any of the plans that it comes with, you can start using the bot on popular exchanges like Binance, Huboi, Kucoin, Bittrex, Coinbase, Poloniex, Kraken, Cryptopia, and Bitfinex.

2. 3Commas

Despite being new in the market, 3Commas has sufficed its users with considerable gains, even during the crypto bear market. Its unique features include:

  • Its ability to trail any crypto market allows the bot to close the trade at the most profitable position despite the set target getting reached. This feature helps immensely during the crypto bull run.
  • The 3Commas does come with a price tag and therefore, the starter plan will cost you $24 only.

3. Kryll.io

Let’s just say its a new age bot. They have further come up with a way of re-defining the crypto-trading. This particular trading bot comes up with myriad features that further facilitate seamless automated trading. They are:

  • you can create your own strategies using the drag and drop editor. It further offers an interface, that is easy to use, especially for beginners.
  • no subscription fee is needed to make use of the platform. It works on ‘pay as peruse principle’ which is something new in here.
  • Kryll has its own token and all the fee is to be paid with the KRL token. The fee can be reduced and additional benefits can be furthered by holding the KRL tokens.

4. Zignaly

It’s widely known for its transparency as a crypto trading bot. It charms its audience by its openness unlike other trading bots. Some of its features are:

  • facilitates easy communication between users and developers of the bot, thus building a sense of trust.
  • Zignaly is compatible with the Binance exchange.
  • the bot also allows users to implement their own customized trading strategies, thereby giving flexibility to the more experienced traders as well.

5. Gunbot

Gunbot is a  popular trading bot with over 6000 active traders using its services on a daily basis. Some of its salient features include:

  • Compatible with several trading platforms including Binance and GDAX,
  • It can be run on your local PC. Can further run on Windows, Linus, and the Mac platforms.
  • The bot has 32 different pre-configured trading strategies which give users a lot many options to generate some passive income.

Final Words

Thus, we conclude that cryptocurrency trading bots are indeed very helpful when it comes to generating a profit out of one’s investment. Further, it becomes important to know about the best trading bot that’ll fulfill all of your trading needs. And therefore, have a good time choosing “the one”!!…

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.…

How Can We Efficiently Use Cryptocurrencies in our Day to Day Life?

How Can We Efficiently Use Cryptocurrencies in our Day to Day Life? how to use cryptocurrency

We realized that bitcoin and ethereum are revolutionary, but what are the advantages of cryptocurrency in practice?

What makes cryptocurrency useful is not so much the goods that you can buy for them, as well as getting rid of the problems that they solve. This is the main value that they provide to the end-user. It is no coincidence that the most valuable cryptocurrencies are innovative. Take Bitcoin, which revolutionized how we carry out transactions and store values, allowing us to send money to anyone, anytime, anywhere, without any permission.

Like any great idea, Bitcoin has several followers who want to improve what it has been able to achieve. Players like Litecoin, Dash, IOTA and Ripple quickly took the stage, offering faster transactions with lower cost, improved scalability and energy efficiency. Although to some extent these altcoins are struggling to become the most popular payment system of all, the nuances keep them in different markets.

For example, Monero is an anti-tracking cryptocurrency with anonymous transactions, which allows users to maintain the confidentiality of their transactions and maintain a balance without fear that third parties will know about it. The first and most obvious use of cryptocurrency is payments, and the list of companies accepting Bitcoin to pay for goods and services is growing, and ATMs with a withdrawal function are located throughout the world.

The race began to create a standard form of payment using cryptocurrency debit cards, such as Bitpay, which will allow their owners to pay for purchases through ordinary terminals in stores. Although all this is great, the blockchain technology is not limited to the financial sector. It can be used to solve many problems existing in the modern digital world.

So now we can see hundreds of new projects with really incredible ideas. Following the ethereum, dozens of smart contract platforms were created, offering innovative solutions to problems related to agriculture, medicine, IT, logistics and almost any other sector.

For example, Sia allows you to rent unused hard disk space. In exchange for connecting this empty space to the blockchain, you will receive a certain amount of Siacoin, the project’s own cryptocurrency. Here it should be noted the difference between coins and tokens. Coins exist solely as a form of digital money on their own blockchains. Bitcoin and Litecoin are vivid examples of coins.

Tokens occupy a different niche and serve alternative purposes – for example, they represent a digital asset, a share, a fee for using the system, etc. Dragonchain, Waltonchain and Civic are ERC20 tokens. This means that they exist in the ethereum blockchain, and they all serve the corresponding utilities provided by the project.

It is important to note that the usefulness of cryptocurrency is its main characteristic: if the token has practical application and solves an existing problem, it will most likely increase in price. However, many useless coins ended up with more than they should have. For example, Dogecoin was originally a comic cryptocurrency without any value or real market use.

With a market capitalization of about $ 600 million (at the time of writing), this is probably the most profitable joke in the world. Despite some low quality projects (or comic projects), it is fair to say that cryptocurrencies do not exist in a vacuum, but depend on the value of the decentralized application, platform, or blockchain they are based on. Having understood what you read, you will most likely begin to realize that a cryptocurrency is just a great idea. So why is it ten years, and we still do not buy hamburgers for Bitcoins?

Problems of mass recognition of cryptocurrency

Despite all its revolutionary properties, the cryptocurrency industry faces a number of problems that make mass recognition a slow and even somewhat painful process. Let’s look at the biggest obstacles that cryptocurrency must overcome in order to get massive approval. In all methods of payment stability is important.

At times, the volatility of most cryptocurrencies is frightening: they can drop significantly or increase in price in minutes. This is a good chance for investors, but the average seller or consumer will not resort to cryptocurrency because of such risks. Speed ​​and transaction costs are another drawback.

Few coins can compete with payment systems like Visa. For example, a bitcoin transaction now takes about an hour on average, and the commission exceeds $ 15. This makes Bitcoin useless for everyday operations. It is hopelessly slow and too expensive for small purchases. Not to mention the problem of scalability, which does not allow networks to process a large number of transactions over a certain period of time. Then there is the question of security.

Crimes in the millions of dollars have already occurred in cryptospace, such as breaking into the Mt. Gox. Plus, users do not always correctly use cryptocurrency. While the cryptocurrencies themselves are incredibly reliable, the “safety technique” is still evolving. Think about e-mail: it took users decades to learn how to recognize spam, infected and phishing emails. The way in which new cryptocurrency projects attract funds has led to increased control and led to discussions about regulation.

China and South Korea have banned their citizens from participating in the ICO — the initial offers of coins — and a number of other countries may well follow suit. What for? Unfortunately, several scammers managed to rob enough people by offering “new coins”. Legitimacy is the key to recognizing cryptocurrency, and cowboy-style antics create a bad reputation for them and cause skepticism about the long-term viability of the technology. Even after the ICO issue is settled, the legitimacy of using cryptocurrency will continue to be questioned. The authorities will not approve the use of cryptocurrency by citizens for tax evasion or the financing of criminal activities.

Future cryptocurrency

The list of problems listed is impressive, but each one of them has more than one solution on the horizon. The smartest people in the world entered the business, full of enthusiasm. Technological problems seem the easiest to overcome. Recent additions, such as IOTA, can provide unlimited scalability and almost instantaneous transactions at no cost.

The so-called stable coins solve the problem of volatility, using various inventive methods, so that the cost of cryptocurrency does not fluctuate. Security measures are intensifying, and exchanges, such as NEX, are becoming real fort Nocks of the cryptosphere. Despite all this rapid progress, the fate of cryptocurrency depends too much on the authorities. Fortunately, it is clear to many governments that cryptocurrencies have great value, which is difficult to realize until the end.

To the extent that trillions of dollars will flow into a crypto economy, many countries are likely to try to become leaders of the cryptocurrency space. Where there is money, there will be taxes. As the economy develops, investors, corporations, and users will begin to obey the new rules that will dictate the government. We will inevitably get away from the insane anarchy of unregulated ICOs. A number of countries are already laying the groundwork for this to happen.

While China and South Korea have preferred bans, Switzerland has released guidelines that build the legal framework for the ICO, striving to become the most cryptocurrency-friendly nation. Everything becomes more interesting. As soon as the bureaucrats give the green light to cryptocurrencies, companies of all shapes and sizes will not fail to take advantage of this. Naturally, the infrastructure will not lag behind: banks, commercial enterprises and service providers will catch up, and soon your grandmother will start buying Christmas crackers for bitcoins. The lights are muffled, and you better take a seat in the front row. Perhaps mass recognition will take months and even years, but the cryptocurrency is the star actor in the show, which definitely deserves attention.…