Cryptocurrency Tips

Category Archive Cryptocurrency Tips

How To Buy Cryptocurrency?

Buying cryptocurrency is not as tough as people think. Still, most of the people don’t invest as they are not aware of good way to buy cryptocurrency. This guide will help in buying Bitcoin or any other Altcoin in super easy way.

Two ways to buy Cryptocurrency

1) Purchase using Fiat currency like USD, EUR, GBP, CNH, JPY, CAD, INR etc

2) Purchase using Bitcoin (or using major altcoin like Ethereum)

1. Buying cryptocurrency using Fiat currency

You can buy cryptocurrency at exchanges.

(A) Coinbase

Make Account at Coinbase

Coinbase is the world’s most popular exchange to buy Cyptocurrency with fiat currency.

Above is the interface to buy cryptocurrency at Coinbase. Additional details about Coinbase are as below.

Available Cryptocurrencies: Bitcoin (BTC), Bitcoin Cash (BCC), Ethereum (ETH), and Litecoin (LTC)
Supported Fiat Currencies: USD, EUR, and GBP. On Coinbase and GDAX, Bitcoin can be purchased with USD, EURO, and GBP while Ethereum and Litecoin can be purchased with bitcoin, USD, and EURO. Currently, Bitcoin cash can be traded only against USD on GDAX.
Supported Payment Methods: Credit card/debit card, Online bank transfer, and Wire transfer
Supported Countries: At present Coinbase supports Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Finland, Greece, Hungary, Ireland, Italy, Latvia, Liechtenstein, Malta, Monaco, Netherlands, Norway, Poland, Portugal, San Marino, Slovakia, Slovenia, Spain, Sweden, and Switzerland. Trading on GDAX platform is available for residents of US, Canada, United Kingdom, and Europe
Supported US states: Currently Coinbase has license to offer services to residents of Alabama, Alaska, Arizona, Arkansas, Connecticut, Delaware, District of Columbia, Florida, Georgia, Idaho, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Mississippi, Nebraska, Nevada, New Hampshire, New Jersey, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, Rhode Island,South Dakota, Tennessee, Texas, Vermont, Virginia, Washington and West Virginia

(B) Other reputed exchanges

If you are unable to make your purchase on Coinbase then there are some other good options. To make this article simple, I have listed all other exchange options at different post. As Coinbase offers only 4 Cryptocurrencies so you can explore this link to find other exchanges to purchase cryptocurrency of your choice with Fiat currency.

2) Purchase using Bitcoin (or using major altcoin like Ethereum)

Only well established Cryptocurrenies are available for purchase using Fiat currencies while there are 100s of potential Altcoins which you can’t purchase using fiat currencies. Binance is the most popular place to buy 100s of Altcoins.

(A) Binance

Make Account at Binance

Binance trading platform is the most popular exchange for purchasing 100s of Altcoins. You can make a deposit of any available Crypocurency at Binance and subsequently purchase any other Altcoin with that. However, all trading is done only with four Cryptocurrencies – Bitcoin, Ethereum, USDT and BNB. So even if you transfer any Altcoin like Litecoin (may be purchased from Coinbase) then you need to convert it to one of above four to buy any other subsequently. As transaction verification fee is very high for Bitcoin so transferring other Altcoins like Litecoin to Binance can save you some money.  In other words, if you deposit Bitcoin, Ethereum, USDT and BNB to Binance then you can make purchase of any other Altcoin with that directly but if you transfer any other digital asset like Litecoin then purchase will involve two steps, step 1 will be purchasing Bitcoin, Ethereum, USDT or BNB and then second step will be purchase of cryptocurrency of your choice. However, please confirm the purchase pair as only few Altcoin purchase is available with USDT and BNB but Bitcoin and Ethereum can pair with any Altcoins. Binance has two trade view – “Basic” and “Advance”. Basic interface is easy to understand and can be used for beginners who are new to the Binance. Following is the example of both interface to buy Ripple as example.

Basic Trading Interface of Binance

Advance Trading Interface of Binance

(B) Other reputed exchanges

There are some other good options as well to change one digital asset to another. But to make this article simple, I have listed all other exchange options at different post. 

Cryptocurrencies to Invest In 2018 (Top 15 List)

Cryptocurrency becomes very popular in 2017 and many new small investors are thinking to invest into this. There are 1000s of altcoins other than Bitcoin. Many new cryptocurrencies are also added on regular basis. So it is very confusing for early investors who don’t have any idea about Cryptocurrency. Here, I have compiled a list of good options which are very popular in all major Cryptocurrency exchanges. One can consider purchasing these. It is advisable not to put all your fruits in one basket. One should invest in multiple cryptocurrencies. Investing in multiple cryptocurrencies gives the flexibility to explore gain from the random rise in the price of some cryptocurrencies because of the good market news. At the same time, you will not lose everything if your invested cryptocurrency fail to perform. 

Bitcoin is always one of the good options but many people want to own the cryptocurrency in odd or even numbers. They are uncomfortable with purchasing in a fraction. As 1 bitcoin cost a lot so its unaffordable for many of us. Every altcoin solves a problem and meant for the specific purpose but all are decentralized currency based on blockchain technology. They try to improve the original Bitcoin protocols to provide best possible usability for the particluar purpose.

Following is the list of my favorite top 15 cryptocurrencies for investment in 2018.

  1. Ethereum (ETH)
  2. Litecoin (LTC)
  3. Ripple (XRP)
  4. Stellar Lumen (XML)
  5. Tron (TRX)
  6. Cardano (ADA)
  7. IOTA (IOTA/MIOTA)
  8. Monero (XMR)
  9. OmiseGo (OMG)
  10. Verge (XVG)
  11. Bitcoin Cash (BCH)
  12. Zcash
  13. Dash (DASH)
  14. NEO (NEO)
  15. Decentraland (MANA)

How to purchase above Altcoins

Ethereum, Litecoin and Bitcoin Cash can be purchased at Coinbase.

Open account at Coinbase

All others altcoins can be purchased at Binance which doesn’t support purchasing directly with Fiat currency like USD, EUR, GBP. You can transfer cryptocurrencies available at Coinbase to Binance and then purchase any of the 100s of available altcoins at Binance.

Open account at Binance

Introduction to selected Altcoins

It is good to know what above cryptocurrencies are before doing any investement. 

1. Ethereum (ETH)

Ethereum comes second in market capitalization among cryptocurrency. Ethereum provides a cryptocurrency token called “ether”. Ethereum platform was first proposed in 2013 by Vitalik Buterin and the project was funded by an online crowdsale in 2014 and subsequently launched in 2015. The collapse of DAO project resulted in two separate blockchains – Ethereum (ETH) and Ethereum Classic (ETC). It is also the leading blockchain platform for Initial Coin Offering (ICO) projects with over 50% market share.

2. Litecoin (LTC)

Litecoin is a cryptocurrency (altcoin) launched in 2011 by Charlie Lee, an engineer at Google. Charlie Lee was also heading one of the most popular cryptocurrency exchanges in the world, Coinbase. Litecoin used the same bitcoin’s source code and is based on the blockchain. Litecoin network is faster and mining takes about 2.5 minutes compared to 10 minutes in case of bitcoin. Transaction fees are also significantly low. Litecoin is tagged as “Silver” to Bitcoin’s “Gold”. Litecoin transaction is very fast and the transaction verification fee is also very low compared to Bitcoin. It is one of the very stable-priced coins on the Cryptocurrency market.

3. Ripple (XRP)

Ripple is a cryptocurrency which has been increasingly adopted by banks and credit card companies as payment networks. This altcoin was released in 2012 which enables secure, instantly and nearly free global financial transactions of any size with no chargebacks. The latest acceptance by three of Japan’s big credit card companies who signed up to use Ripple’s technology has given the boost to Ripple’s market value. The biggest advantage of Ripple’s payment gateway is that it allows cross-border payments to be finished within 10-15 seconds compared to 2-3 working days via SWIFT network. Ripple also has the financial agreement with 100s of financial institutions including MoneyGram to use its platform for money transfer across the border. Ripple has now come to the 3rd position in market capitalization after Ethereum. Decentralization aspect makes Ripple different from other cryptocurrencies as the release of new coins is controlled by the private company, Ripple Labs. Ripple cannot be mined or earned decentrally as Ripple Labs holds every XRP in existence. They can release more Ripple.

4. Stellar Lumens (XLM)

Stellar Lumens (XLM) is a cryptocurrency launched in 2014 by Jed McCaleb (who is well known as the creator of eDonkey) and Joyce Kim. Its advisory board consists include Keith Rabois, Patrick Collison, Matt Mullenweg, Greg Stein, Joi Ito, Sam Altman, Naval Ravikant and others. Steller Lumens is an open-sourced, distributed payments infrastructure with the aim to make monetary transactions cheaper, quicker, and more reliable. It connects people from across the world to allow more efficient cross-border payments. Ripple is also a payment gateway similar to this but that is specially designed for big financial institutions but Stellar Lumens is designed for use by common man.

5. TRON (TRX)

TRON was proposed in June 2015 to construct a worldwide free content entertainment system on the blockchain. It allows users to freely publish, store and own data. It provides ownership and rights on their content and the owner can decide how to distribute their content and at what price. It supports cross-continent purchasing of live entertainment without any hassle of transferring payment by bank account. TRONIX is the Cryptocurrency which runs TRON. TRON can play as host between developers and users and used to verify the authenticity and the compliance of credit information of both parties involved in purchasing and selling digital rights. TRON also is a potential currency in online gaming and online gambling. It was started by Justin Sun who is the well-known developer of Chinese Snapchat equivalent Peiwo. The two previous ICOs of TRON was sold in seconds.

6. Cardano (ADA)

Cardano is a Cryptocurrency created in 2015. Developers of ADA claim that it is the only Cryptocurrency which is derived from a scientific philosophy and research-driven approach.  However, people are not agreed with this claim. Cardano utilizes the Ouroboros algorithm. It also has the ability to create Dapps and smart contacts just like Ethereum. Similar to Ethereum, this coin will feature the ability to create Dapps and code the smart the economy in the prevailing technological world. Cardano is still in development.

7. IOTA/MIOTA

Iota is a cryptocurrency which enables micro and even nano-transactions because smallest unit IOTA is too small. It’s the first cryptocurrency without a blockchain, it runs on the blockless distributed ledger Tangle. There are no transaction fees and doesn’t involve mining. This cryptocurrency was first launched in 2015 while the token exchange was launched in 2017

Following are the description of various units of Iota.

Iota                        = 1 Iota                 = 1i         = 1i

KiloIota = 1 Kiota               = 1Ki      = 1,000i

MegaIota            = 1 Miota             = 1Mi     = 1,000,000i

GigaIota               = 1 Giota              = 1Gi      = 1,000,000,000i

TeraIota               = 1 Tiota               = 1Ti       = 1,000,000,000,000i

PetaIota               = 1 Piota               = 1Pi      = 1,000,000,000,000,000i

The concept of IOTA is little confusing for too many people. It takes a lot of time to find what exactly IOTA is? However, IOTA is meant for small payment so it was designed to do micro-payments. That’s why the smallest unit is IOTA. But it is very difficult for trading exchanges to deal with such a small unit so most of the exchanges have listed Iota as MIOTA (1 Mi= 1,000,000 IOTA) and the price indicates Miota.

8. Monero (XMR)

Monero is a cryptocurrency released in April 2014 with the aim to provide privacy, decentralization, and scalability. It was launched first by a Bitcointalk forum user under the name of BitMonero but currency supports shortened its name to Monero after five days. It can be mined. It is a truly anonymous currency and the privacy aspect attracted lots of attention to those who want to evade law enforcement. Monero is based on the CryptoNight PoW hash algorithm.

9. OmiseGo (OMG)

OmiseGo is a cryptocurrency. Its slogan is “Unbank the Banked” and aim to provide better banking facility to all. OmiseGo enables financial transactions, including “payments, remittances, payroll deposit, B2B commerce, supply-chain finance, loyalty programs, asset management and trading, and other on-demand services. Its aim was also to avoid exchange charges during currency conversion. It was released as decentralized exchange on Ethereum platform. OmiseGO’s initial coin offering (ICO) in 2017 raised over USD $25 million. It was the first Ethereum project which exceeds US $1 billion valuations and was supported by Ethereum co-founders Vitalik Buterin and Gavin Wood.  The first public release of the OmiseGO White-label Wallet SDK is expected to happen in the first quarter of 2018.

10. Verge (XVG)

Verge is a Cryptocurrency which provides total anonymity and privacy to users. All transactions are completely anonymous and untraceable. It hides personal data, such as IP-addresses and geolocation during transactions which gives total confidentiality of the users. Verge is an open source project and not controlled by any private organization. Therefore all development and new features are the outcomes of the whole community. Verge was created in 2014 under the name DogeCoinDark and was re-branded to Verge Currency in 2016.

11. Bitcoin Cash (BCH)

Bitcoin Cash is a cryptocurrency which was originated from Bitcoin on August 1, 2017, to address the scalability issue of Bitcoin. The split happened because some people wanted to scale block size to eight megabytes from existing one megabyte to increase the number of transactions its ledger can process. Such change is classified as the hard fork. The hard fork plan was announced by Bitmain and supported by many developers. Bitcoin Cash name was originally proposed by Chinese mining pool ViaBTC.

12. ZCash

Zcash is a cryptocurrency based on a decentralized blockchain launched on 28th of October 2016. It provides enhanced privacy to its users compared to Bitcoin. Anonymity behind transaction amounts and parties involved attracted lots of attention. For example, it is possible to see all the transactions through a Bitcoin address but all transactions with ZCash is encrypted. ZCash’s development and improvements are supported by Zcash Company. Zooko Wilcox-O’Hearn is the CEO  of the company and other co-founders include Matthew D. Green from Johns Hopkins University.

13. Dash (DASH)

Dash is a Cryptocurrency which was developed to do instant and private transactions. It is a decentralized and autonomous Cryptocurrency which is not controlled by any private organization. Dash was originally released as XCoin (XCO) on January 18, 2014 which was further renamed as Darkcoin on February 28 same year. Finally, it was re-branded as Dash on March 25, 2015. THE 10% of the total possible Dash coins was mined in just 2 days of its launch which was due a bug and error in the code. Dash focuses on privacy which is branded as privacy-centric digital currency with instant transactions. It maintains the anonymity and tractions are almost untraceable. It offers “Instasend” and “Privasend” features for making transactions.

14. NEO (NEO)

NEO is first decentralized Cryptocurrency based on blockchain platform which launched in China. People also call it as “Chinese Ethereum”. The meaning of NEM in greek is newness, novelty, and youth. The aim of NEO was to create the digital economy where traditional assets can be converted to digital one using smart contracts.  Such digital assets was planned to be decentralized and protected by law using digital certificates on the blockchain. This will create an identification of organization, individuals, and entities in electronic form which can be used with the help of multi-factor authentication mechanisms such as facial recognition, fingerprints, voice recognition, and SMS. NEO developed a smart contract platform. NEO support the development of decentralized applications. NEO is an investment token of the NEO blockchain (formerly known as Antshares, ANS) with the maximum cap of 100 million tokens. The smallest unit is always 1 and the entire 100 million token was pre-mined during the genesis block creation. All Neo was pre-mined and 50% (=50 million) was simply issued to the public as the token at the time of crowdfunding stage while remaining 50% was reserved to be managed by NEO council. On NEO platform users derive additional coins in the form of GAS. GAS has a close relationship with NEO. GAS was formerly known as Antcoins (ANC) and is associated with NEO. It was developed to be used as fuel for NEO blockchain. GAS has a maximum cap of 100 million tokens which was not pre-mined like NEO. The aim was to use GAS as resource allocation and network charges for operations such as running DApps, smart contracts, and providing incentives for maintaining the blockchain.

15. Decentraland (MANA)

Decentraland is a Cryptocurrency began in June 2015 and is powered by Ethereum blockchain. It allows users to create content, applications, and experiences which can be monetized. This decentralized virtual platform is built on blockchain and owned by their user which is one of the most important aspects of this Cryptocurrency. Users can develop anything whatever they want and purchase will prove the ownership. Some of the use suggested by developers of Decentraland is live music performances, casinos, attending workshops, shopping, starting businesses, visiting underwater resorts, and test-driving a car. Land purchase is one important aspect of Decentraland. This Cryptocurrency was developed by Ari Meilich and Esteban Ordano while Advisory Board includes Xiaolai Li, Jake Brukhman, Luis Cuende, and Diego Doval. Decentraland partners with district0x, Aragon, and imToken.

Disclaimer: 

I am not a financial advisor. This article is just for information purpose and is not an investment advice. This just indicates my personal choice which may or may not be the best one. You should realize that Cryptocurrency market is very volatile and market fluctuate a lot on daily basis. You may gain 100 fold or lose all your investments. Invest wisely. You should not take a big risk. It is a good suggestion to invest not more than 5–10% of your saving with such an unpredictable market. Otherwise, you may face a big loss. 

 

Best Hardware Wallets: Secure your Cryptocurrency

Purchasing cryptocurrency is not the only thing which one should consider if somebody wants to venture into cryptocurrency investment and trading. Keeping your digital assets is one of the most important things. There are four places where purchased cryptocurrency can be stored – online wallet (internet or mobile app), desktop software based wallet, hardware wallet and paper wallet. All online website based wallet or software installed on any computer connected to the internet are prone to hacking which ultimately may lead to loss of your digital assets. Without any doubt, t the paper wallet is the safest way to store your digital assets but it is not the most convenient way. That’s why paper wallet is not most popular among people. However, offline hardware wallets are becoming very popular these days as the alternative to paper wallet which also gives the convenience of using it when required.

Following is the list of offline hardware wallets where one can safely store digital assets.

1. Ledger wallet

Ledger wallet support storage of Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin Gold (BTG), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), Dogecoin (DOGE), Zcash (ZEC),  Ripple (XRP),  Dash (DASH), Stratis (STRAT),  Komodo (KMD), Ark (ARK), Expanse (EXP), Ubiq (UBQ), Vertcoin (VTC), Viacoin (VIA), Neo (NEO), Stealthcoin (XST), Stellar (XLM), Hcash (HSR), Digibyte (DGB), Qtum (QTUM) and PivX (PIVX).
Ledger Nano S - The secure hardware wallet

2. TREZOR

TREZOR supports some coin natively through its software and many other through third-party wallets like MyEtherWallet. Natively supported digital assets are Bitcoin, Litecoin, Dash, and ZCash. While other cryptocurrencies supported through third-party wallets like MyEtherWallet are Ethereum (ETH), Ethereum Classic (ETC) and ERC-20 tokens. Some examples of ERC tokens are OmiseGo, Golem, and CIVIC.
Trezor - Bitcoin easy and secure for everyone finally

3. KeepKey

KeepKey supports secure storage of Bitcoin, Ethereum, Litecoin, Dogecoin, dash, and Namecoin.

4. Paxful

Paxful supports only Bitcoin and a hardware wallet in the real sense but has multiple security when Bitcoin stored here.
Praful: Buy Bitcoin Instantly

Personal suggestion

However, there is very slight change of hardware corruption but personally I think hardware wallet is best and convenient way to store and use cryptocurrencies. As Ledgerwallet support many currencies so this may be best choice to go with. If one wants to store only Bitcoin then Legerwallet or Trezor both are good options.

What is Cryptocurrency Arbitrage trading?

What is Cryptocurrency Arbitrage trading?

Arbitrage trading of Cryptocurrency is a way to buy it at one exchange at low price and sell it at another at high price and get profit from the difference in the price. This is the way to exploit price differences that exist among different exchanges. Arbitrage also indicates a volatile market. Arbitrage provide a way so that price among different exchanges do not deviate substantially for long time. Arbitrage opportunities indicates that market is not perfectly efficient which is leading to these deviations.

How people exploiting Arbitrage trading?

Some people have developed software to keep an eye on price fluctuations among different exchanges. They also set automated execution of buying at one exchange and selling at another.

What are some road blocks in Cryptocurrency Arbitrage trading?

  1. Sending Bitcoin or other Altcoins to any address is not immediate as other form of trading. It takes some time for verification and credit. At the same time the prices for Cryptocurrencies are very volatile. They can change a lot within minute. So ultimately, it may lead to losses instead of gain.
  2. All exchanges have some minimum amount to be transferred outside and one need to be fulfill that requirement.
  3. There is some cost associated with verification of transfer between two address. For eg. if you want to transfer Bitcoin from  your one wallet to another then you need to pay an associated charge. Your selling price during arbitrage trading should be more than this charge.
  4. Extra transaction costs, delay in transfer and market volatility making it difficult to make huge profit form arbitrage trading.

 

 

What option is good – Buy and Sell Cryptocurrency or hold it for the long time?

Cryptocurrency is in news these days and everybody wants to know how can I earn using this option. It is always tough to do valuation of any Cryptocurrency as it fluctuate a lot. So the big question is whether I should buy an Cryptocurrency like Bitcoin and hold it for big gain or just do trading for short term gains?

Whether you buy and hold it or sell it there is always a risk associated with any Cryptocurrencies. The inherent value in any Cryptocurrency is always based on faith and fear. Faith can build in one day can can be lost in one day because of any big regulation or news. Support after 5 years all governments ban the use of Bitcoin or any Altcoins then all your investment will go to dustbin as legally you can not use it. So as long as people has believe and no government is banning it then your price is expected to rise overtime as the coin supply become less and less and it approaches maximum possible mining. Once you reach that level or once it reached to your expected level then you can sell it for big cash.

As Cryptocurrency market is very volatile and the price fluctuate a lot on daily and weekly basis which are also totally depend on faith and fear. You can take advantage or these temporary loss and gain by doing trading. Trading will also preserve your currency as ultimately your aim is “Buy low and sell high”. Trading will take some of your valuable time as you need to keep your eye on current market price of Cryptocurrencies. If time is more important for you then don’t follow this route but if you have some free time then you can read my blog article on trading cryptocurrencies for more information on this topic.

Can I make money with Cryptocurrency daily?

There are two ways you can make money with Cryptocurrency. One is a quick way and another is slow but will give you long-term returns. I will explain both one by one.

  1. Quick way to earn: This will need you to buy Cryptocurrency at first. You can buy Bitcoin, Ethereum, Litecoin or Bitcoin Cash at Coinbase. Once you purchased your preferred Cryptocurrency  then you can transfer that to GDAX which is the trading platform by Coinbase and same login details will work at GDAX as well. One need to do id verification before doing trading on GDAX. Once you are into GDAX interface you can sell your coin at one price and buy it at another price. People generally sell at the high price and buy at low price. “Buy low, sell high” strategy can make you earn quickly. At GDAX you can sell your coins with USD. As the price of Cryptocurrency is very volatile, the aim should be to catch a condition when the price is high at the time of selling and subsequently when price should be low at the time of buying. No one can catch all “buy low, sell high” combinations on a regular basis so you need to be very careful to gain maximally. Always remember trading is simply an exchange of cypto coins between two people on a trading exchange. So if someone is at profit then other will be at loss. Your aims should be gain at the end of the day. Sometimes when bad news is in market about Cryptocurrency then all bitcoin and all the Altcoins perform badly so you should avoid doing trading those tough day. It’s good to let some days going without any trading. But if there is some good news in the market it allows prices to go too high and you should not make mistakes during those times. The market will correct after some time and it will stabilize the price. Also, don’t sell too quickly at those times otherwise you may miss the major gains.
    Coinbase (GDAX) is not the only place to do Cryptocurrency trading. GDAX is limited in offering only 4 coins to trade (Bitcoin, Ethereum, Litecoin or Bitcoin Cash). But you can join Binance which has Bitcoin and 100s of Altcoins in its list. So you can trade for any of these. The benefits of trading here is that you can take benefits from rise and fall of prices of 100s of Altcoins. However, you can’t purchase bitcoin or any other Altcoins directly at Binance by paying in Dollar, Euro or GBP. First you need to buy other Cryptocurrencies like Bitcoin, Litecoin, Ethereum somewhere (maybe from Coinbase which is most popular and trusted worldwide) then you need to transfer that to Binance balance (which is very simple and both sites will give you the respective currency address to get the currency) and then you can buy any altcoin with that balance. In other words, this is just the exchange and not the actual buying with dollars. On Binance, all trading is done with BTC, ETH, BNB or USDT. Therefore even if you have any altcoin you need to purchase one of these currencies first to exchange it for other Altcoins like Ripple, IOTA, Verge etc. Once you want to convert your gain to USD or Euro then you can convert all your coins to one of the options available on Coinbase means Bitcoin, Litecoin, Ethereum or Bitcoin Cash. Subsequently, you can transfer that to your Coinbase account by withdrawal option available on Binance. You now can sell your coin against USD at Coinbase or GDAX. Coinbase provides option to transfer your USD balance to your bank account directly via bank transfer or wire transfer. You don’t need to transfer your daily gains but you can transfer your monetary gain weekly or monthly.
  2. Slow way to earn (free Cryptocurrency earning): You can earn some free bitcoins and other Cryptocurrency collectively called as Altcoins by simply being an affiliate for companies who are willing to share profit with you if you drive customers to their business. For example, The Coinbase and Binance links here are also affiliated links and if anybody click (I request to do so if you like the article) on these links and create an account then I will earn $10 at Coinbase and 50% of the trading fee at Binance. Similarly, there are many options as many companies are doing business based on Cryptocurrency and I have listed those in another post on earning free Cryptocurrency. I have made a list where you can join and earn free bitcoin. If you join those companies then you can publicize your affiliate links at different places. Your personal website or blog is the best place but you can also use any social media or discussion forum where like-minded people are talking about these things. You will have highest chance to drive traffic through your affiliate link. If you are very popular on social media like Facebook, twitter, LinkedIn etc then your success is most like as your followers will join using your affiliate links after your suggestions.

However, you should know Cryptocurrency is a very volatile market and values of bitcoin or any other Altcoins can fluctuate a lot making big gain or loss. So invest your time and money wisely.