Altcoins – Page 2 – Cryptocurrency Blog

What is TRON (TRX) and how to buy?

January 3, 2018 Leave a comment By crypto

What is Cryptocurrency?

Cryptocurrency is a type of digital asset. If you are new to the area of digital assets then please read my comprehensive guide on Cryptocurrency before doing any investment on any Cryptocurrency like TRON (TRX).

What is 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.

Who can buy TRON (TRX)?

TRON (TRX)is an Altcoin which is not widely available to purchase directly using government-issued currency like US Dollar, Euro or GBP. But if you have either Bitcoin or other well-established Cryptocurrency likes Ethereum then you can exchange.

How and where to buy TRON (TRX)?

Binance (Best for USA and International purchase) is the best places to buy TRON (TRX). However, you can’t purchase TRON (TRX) directly by paying in Dollar or Euro. First you need to buy other Cryptocurrencies like bitcoin, Litecoin, Ethereum somewhere (maybe from Coinbase which is the most popular and trusted worldwide) then you need to transfer that to Binance balance (which is a very simple process and both sites will give you the respective currency address to get the currency) and subsequently you can buy TRON (TRX) with that balance. In other words, this is just the exchange and not the actual buying with dollars. This is also called as trading. On Binance, all trading is done with BTC, ETH, BNB or USDT. If you have any Altcoin you can transfer it to Binance balance and then you need to purchase one of these four currencies at market price first to exchange it for other Altcoins like TRON (TRX).

Please read another article to know more about other reputed Cryptocurrency exchanges apart from above mentioned Coinbase and Binance. Although, the step involving Coinbase and Binance is the best way to purchase digital asset as regulation may restrict you to purchase here. Exchanges listed here are also the potential place to invest in Cryptocurrency. Most of the exchanges are regulated and they have the license to operate in particular country. Some exchanges have permission to operate in globally while some are restricted like Bitfinex doesn’t allow US residents to use their platform. When you purchase cryptocurrency then exchanges which offer it in your country’s currency then that is the best way to avoid fiat currency conversion charges. Some exchanges use only USD while some offer purchase using USD, Euro, GBP, CNY, CAD, JPY, INR and many more fiat currencies. Some exchanges are used only to change one cryptocurrency to another. Above link will give you answer to explore other reputed cryptocurrency exchanges and subsequently you can decide exchange of your choice based on your country of origin and fiat currency.

Some people also sell TRON (TRX) on eBay. Current market price of 1 TRON (TRX)is about ~$0.07 as on January 2, 2018, while it’s available on eBay anywhere between $0.1-1. So if you have only this option to buy and if you are ready to give extra dollars then you can opt for this option as well. Some people also sell Cryptocurrencies on local sites like Craigslist, Offer up, Letgo etc. But you should be extremely careful as these are just the digital assets and transfer between individuals is based on the code. There is no proof for such exchanges and you either cannot claim your receipt or difficult to analyze the transfer. There is no government regulation on these currencies so you cannot claim if there is any issue.

Where to save my digital assets after making the purchase?

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, 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. Here is the list of all good hardware wallets to store your Cryptocurrency. Briefly, you can use Ledger wallet, TREZOR and KeepKey and Paxful wallet to store your digital assets. Please follow the link to read more about these hardware wallets.

How can I make the profit out of my purchase (long-term investment or can earn daily)?

Most people prefer to store cryptocurrency for a long time and sell when the price is high. This can be a good strategy to earn from your digital assets. However, there are alternate ways to make regular daily income using Cryptocurrency. One can use the two ways you can make money with Cryptocurrency. First is a quick way and another is slow but will give you long-term returns. I have explained both ways to make money daily using cryptocurrency in another article. Briefly, you can make money using Cryptocurrency trading and affiliate programs.

Can I earn some free Cryptocurrency instead of buying it?

Purchasing cryptocurrency is not the only way to have these digital assets. There are alternative ways to earn these free. Different ways to earn free cryptocurrency are explained in another post.

Financial potential of TRON (TRX)

TRON (TRX) is a fast-rising Cryptocurrency. It has grown up 800 times last week. The only question which everybody is asking – Is this the right time to think about Cryptocurrency and can I afford to miss the bus at this right time before becoming unaffordable? It may be a bubble or gold.

Caution

I am not the Cryptocurrency expert and you should take extreme precaution before purchasing any such currency.

Are there any other Altcoins with the potential to give big returns?

Please follow the link to see the list of other Altcoins currently being sold at Binance . You can also learn more about those Altcoins.

What is Cardano (ADA) and how to buy?

January 3, 2018 Leave a comment By crypto

What is Cryptocurrency?

What is 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 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.

Who can buy Cardano (ADA)?

Cardano (ADA) is an Altcoin which is not widely available to purchase directly using government-issued currency like US Dollar, Euro or GBP. But if you have either Bitcoin or other well-established Cryptocurrency likes Ethereum then you can exchange.

How and where to buy Cardano (ADA)?

Binance (Best for USA and International purchase) is the best places to buy Cardano (ADA). However, you can’t purchase Cardano (ADA) directly by paying in Dollar or Euro. First you need to buy other Cryptocurrencies like bitcoin, Litecoin, Ethereum somewhere (may be from Coinbase which is the most popular and trusted worldwide) then you need to transfer that to Binance balance (which is a very simple process and both sites will give you the respective currency address to get the currency) and subsequently you can buy Cardano (ADA) with that balance. In other words, this is just the exchange and not the actual buying with dollars. This is also called as trading. On Binance, all trading is done with BTC, ETH, BNB or USDT. If you have any Altcoin you can transfer it to Binance balance and then you need to purchase one of these four currencies at market price first to exchange it for other Altcoins like Cardano (ADA).

Some people also sell Cardano (ADA) on eBay. Current market price of 1 Cardano (ADA) is about ~$0.9 as on January 2, 2018, while it’s available on eBay anywhere between $2-5. So if you have only this option to buy and if you are ready to give extra dollars then you can opt for this option as well. Some people also sell Cryptocurrencies on local sites like Craigslist, Offer up, Letgo etc. But you should be extremely careful as these are just the digital assets and transfer between individuals is based on the code. There is no proof for such exchanges and you either cannot claim your receipt or difficult to analyze the transfer. There is no government regulation on these currencies so you cannot claim if there is any issue.

Where to save my digital assets after making the purchase?

How can I make the profit out of my purchase (long-term investment or can earn daily)?

Can I earn some free Cryptocurrency instead of buying it?

Purchasing cryptocurrency is not the only way to have these digital assets. There are alternative ways to earn these free. Different ways to earn free cryptocurrency are explained in another post.

Financial potential of Cardano (ADA)

Cardano (ADA) is a fast-rising Cryptocurrency. It has grown up 800 times last week. The only question which everybody is asking – Is this the right time to think about Cryptocurrency and can I afford to miss the bus at this right time before becoming unaffordable? It may be a bubble or gold.

Caution

I am not the Cryptocurrency expert and you should take extreme precaution before purchasing any such currency.

Are there any other Altcoins with the potential to give big returns?

Please follow the link to see the list of other Altcoins currently being sold at Binance . You can also learn more about those Altcoins.

What is Tether (USDT) and how to buy?

January 3, 2018 Leave a comment By crypto

What is Cryptocurrency?

What is Tether (USDT)?

Tether is a Cryptocurrency. It was issued on the Bitcoin blockchian but later transitioned to Litecoin blockchain. Tether Limited Company claim that each unit of Tether is backed by one United States dollar which is held in reserve by them and may be redeemed on Tether platform. The aim to create Tether was to facilitate transaction at fixed rate avoiding government intervention and regulation. The exchange rate of 1 Tether is 1 USD which can be used as medium to exchange and it avoid loosing money at the time of converting USD to other currency and was developed to use as means to purchase other cryptocurrencies without losing money in currency conversion. Tether tokens are issued by Tether Limited incorporated in Hong Kong with offices in the United States. All the major Cryptocurrency exchanges support Tether and has close connection with Bitfinex. There is lots of controversy against Tether. The exact USD reserve has not yet audited and may not be in same ratio to number of released USDT token. Tether is not a legal tender currency and there is no guarantees against losses. Its use violates much regulatory compliance.

Who can buy Tether (USDT)?

Tether (USDT) is an Altcoin which is not widely available to purchase directly using government-issued currency like US Dollar, Euro or GBP. But if you have either Bitcoin or other well-established Cryptocurrency likes Ethereum then you can exchange.

How and where to buy Tether (USDT)?

Binance (Best for USA and International purchase) or Bitfinex (Best only for Non-USA) are the best places to buy Tether (USDT). However, you can’t purchase Tether (USDT) directly by paying in Dollar or Euro. First you need to buy other Cryptocurrencies like bitcoin, Litecoin, Ethereum somewhere (maybe from Coinbase which is the most popular and trusted worldwide) then you need to transfer that to Binance balance (which is a very simple process and both sites will give you the respective currency address to get the currency) and subsequently you can buy Tether (USDT) with that balance. In other words, this is just the exchange and not the actual buying with dollars. This is also called as trading. On Binance, all trading is done with BTC, ETH, BNB or USDT. If you have any Altcoin you can transfer it to Binance balance and then you need to purchase one of these four currencies at market price first to exchange it for other Altcoins like Tether (USDT).

Where to save my digital assets after making the purchase?

How can I make the profit out of my purchase (long-term investment or can earn daily)?

Can I earn some free Cryptocurrency instead of buying it?

Purchasing cryptocurrency is not the only way to have these digital assets. There are alternative ways to earn these free. Different ways to earn free cryptocurrency are explained in another post.

Financial potential of Tether (USDT)

Tether (USDT) is basically meant to avoid currency conversion charge when using USD. So its price is close to 1 USD. It is mainly made to be used to purchase other Cryptocurrencies. There are many legal issues associated with USDT and future is not very clear.

Caution

I am not the Cryptocurrency expert and you should take extreme precaution before purchasing any such currency.

Are there any other Altcoins with the potential to give big returns?

Please follow the link to see the list of other Altcoins currently being sold at Binance . You can also learn more about those Altcoins.

What is OmiseGO (OMG) and how to buy?

January 3, 2018 Leave a comment By crypto

What is Cryptocurrency?

What is 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 valuation 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.

Who can buy OmiseGO (OMG)?

OmiseGO (OMG) is an Altcoin which is not widely available to purchase directly using government-issued currency like US Dollar, Euro or GBP. But if you have either Bitcoin or other well-established Cryptocurrency likes Ethereum then you can exchange.

How and where to buy OmiseGO (OMG)?

Binance (Best for USA and International purchase) is the best places to buy OmiseGO (OMG). However, you can’t purchase OmiseGO (OMG) directly by paying in Dollar or Euro. First you need to buy other Cryptocurrencies like bitcoin, Litecoin, Ethereum somewhere (maybe from Coinbase which is the most popular and trusted worldwide) then you need to transfer that to Binance balance (which is a very simple process and both sites will give you the respective currency address to get the currency) and subsequently you can buy OmiseGO (OMG) with that balance. In other words, this is just the exchange and not the actual buying with dollars. This is also called as trading. On Binance, all trading is done with BTC, ETH, BNB or USDT. If you have any Altcoin you can transfer it to Binance balance and then you need to purchase one of these four currencies at market price first to exchange it for other Altcoins like OmiseGO (OMG).

Some people also sell OmiseGO (OMG) on eBay. Current market price of 1 OmiseGO (OMG) is about ~$19 as on January 2, 2018, while it’s available on eBay anywhere between $50-100. So if you have only this option to buy and if you are ready to give extra dollars then you can opt for this option as well. Some people also sell Cryptocurrencies on local sites like Craigslist, Offer up, Letgo etc. But you should be extremely careful as these are just the digital assets and transfer between individuals is based on the code. There is no proof for such exchanges and you either cannot claim your receipt or difficult to analyze the transfer. There is no government regulation on these currencies so you cannot claim if there is any issue.

Where to save my digital assets after making the purchase?

How can I make the profit out of my purchase (long-term investment or can earn daily)?

Can I earn some free Cryptocurrency instead of buying it?

Purchasing cryptocurrency is not the only way to have these digital assets. There are alternative ways to earn these free. Different ways to earn free cryptocurrency are explained in another post.

Financial potential of OmiseGO (OMG)

OmiseGO (OMG) is a fast-rising Cryptocurrency. It has grown up 800 times last week. The only question which everybody is asking – Is this the right time to think about Cryptocurrency and can I afford to miss the bus at this right time before becoming unaffordable? It may be a bubble or gold.

Caution

I am not the Cryptocurrency expert and you should take extreme precaution before purchasing any such currency.

Are there any other Altcoins with the potential to give big returns?

Please follow the link to see the list of other Altcoins currently being sold at Binance . You can also learn more about those Altcoins.

What is NEO (NEO) and GAS and how to buy?

January 3, 2018 Leave a comment By crypto

What is Cryptocurrency?

What is 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 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 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 public as 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 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.

Who can buy NEO (NEO)?

NEO (NEO) is an Altcoin which is not widely available to purchase directly using government-issued currency like US Dollar, Euro or GBP. But if you have either Bitcoin or other well-established Cryptocurrency likes Ethereum then you can exchange.

How and where to buy NEO (NEO)?

Binance (Best for USA and International purchase) is the best places to buy NEO (NEO). However, you can’t purchase NEO (NEO) directly by paying in Dollar or Euro. First you need to buy other Cryptocurrencies like bitcoin, Litecoin, Ethereum somewhere (maybe from Coinbase which is the most popular and trusted worldwide) then you need to transfer that to Binance balance (which is a very simple process and both sites will give you the respective currency address to get the currency) and subsequently you can buy NEO (NEO) with that balance. In other words, this is just the exchange and not the actual buying with dollars. This is also called as trading. On Binance, all trading is done with BTC, ETH, BNB or USDT. If you have any Altcoin you can transfer it to Binance balance and then you need to purchase one of these four currencies at market price first to exchange it for other Altcoins like NEO (NEO).

Some people also sell NEO (NEO)on eBay. Current market price of 1 NEO (NEO) is about ~$90 as on January 2, 2018, while it’s available on eBay anywhere between $150-500. So if you have only this option to buy and if you are ready to give extra dollars then you can opt for this option as well. Some people also sell Cryptocurrencies on local sites like Craigslist, Offer up, Letgo etc. But you should be extremely careful as these are just the digital assets and transfer between individuals is based on the code. There is no proof for such exchanges and you either cannot claim your receipt or difficult to analyze the transfer. There is no government regulation on these currencies so you cannot claim if there is any issue.

Where to save my digital assets after making the purchase?

How can I make the profit out of my purchase (long-term investment or can earn daily)?

Can I earn some free Cryptocurrency instead of buying it?

Purchasing cryptocurrency is not the only way to have these digital assets. There are alternative ways to earn these free. Different ways to earn free cryptocurrency are explained in another post.

Financial potential of NEO (NEO)

NEO (NEO) is a fast-rising Cryptocurrency. It has grown up 800 times last week. The only question which everybody is asking – Is this the right time to think about Cryptocurrency and can I afford to miss the bus at this right time before becoming unaffordable? It may be a bubble or gold.

Caution

I am not the Cryptocurrency expert and you should take extreme precaution before purchasing any such currency.

Are there any other Altcoins with the potential to give big returns?

Please follow the link to see the list of other Altcoins currently being sold at Binance . You can also learn more about those Altcoins.

What is Monero (XMR) and how to buy?

January 3, 2018 Leave a comment By crypto

What is Cryptocurrency?

What is 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. Privacy aspect also attracted lots of attention to those who wants to evade law enforcement. Monero is based on the CryptoNight PoW hash algorithm.

Who can buy Monero (XMR)?

Monero (XMR) is an Altcoin which is not widely available to purchase directly using government-issued currency like US Dollar or Euro. But if you have either Bitcoin or other well-established Cryptocurrency likes Ethereum then you can exchange.

How and where to buy Monero (XMR)?

Binance (Best for USA and International purchase) is the best places to buy Monero (XMR). However, you can’t purchase Monero (XMR) directly by paying in Dollar or Euro. First you need to buy other Cryptocurrencies like bitcoin, Litecoin, Ethereum somewhere (maybe from Coinbase which is the most popular and trusted worldwide) then you need to transfer that to Binance balance (which is a very simple process and both sites will give you the respective currency address to get the currency) and subsequently you can buy Monero (XMR) with that balance. In other words, this is just the exchange and not the actual buying with dollars. This is also called as trading. On Binance, all trading is done with BTC, ETH, BNB or USDT. If you have any Altcoin you can transfer it to Binance balance and then you need to purchase one of these four currencies at market price first to exchange it for other Altcoins like Monero (XMR).

Some people also sell Monero (XMR) on eBay. Current market price of 1 Monero (XMR) is about ~$380 as on January 2, 2018, while it’s available on eBay anywhere between $500-1,500. So if you have only this option to buy and if you are ready to give extra dollars then you can opt for this option as well. Some people also sell Cryptocurrencies on local sites like Craigslist, Offer up, Letgo etc. But you should be extremely careful as these are just the digital assets and transfer between individuals is based on the code. There is no proof for such exchanges and you either cannot claim your receipt or difficult to analyze the transfer. There is no government regulation on these currencies so you cannot claim if there is any issue.

Where to save my digital assets after making the purchase?

How can I make the profit out of my purchase (long-term investment or can earn daily)?

Can I earn some free Cryptocurrency instead of buying it?

Purchasing cryptocurrency is not the only way to have these digital assets. There are alternative ways to earn these free. Different ways to earn free cryptocurrency are explained in another post.

Financial potential of Monero (XMR)

Monero (XMR) is a fast-rising Cryptocurrency. It has grown up 800 times last week. The only question which everybody is asking – Is this the right time to think about Cryptocurrency and can I afford to miss the bus at this right time before becoming unaffordable? It may be a bubble or gold.

Caution

I am not the Cryptocurrency expert and you should take extreme precaution before purchasing any such currency.

Are there any other Altcoins with the potential to give big returns?

Please follow the link to see the list of other Altcoins currently being sold at Binance . You can also learn more about those Altcoins.

What is Dash (DASH) and how to buy?

January 3, 2018 Leave a comment By crypto

What is Cryptocurrency?

What is 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.

Who can buy Dash (DASH)?

Dash (DASH) is an Altcoin which is not widely available to purchase directly using government-issued currency like US Dollar or Euro. But if you have either Bitcoin or other well-established Cryptocurrency likes Ethereum then you can exchange.

How and where to buy Dash (DASH)?

Binance (Best for USA and International purchase) is the best places to buy Dash (DASH). However, you can’t purchase Dash (DASH) directly by paying in Dollar or Euro. First you need to buy other Cryptocurrencies like bitcoin, Litecoin, Ethereum somewhere (maybe from Coinbase which is the most popular and trusted worldwide) then you need to transfer that to Binance balance (which is a very simple process and both sites will give you the respective currency address to get the currency) and subsequently you can buy Dash (DASH) with that balance. In other words, this is just the exchange and not the actual buying with dollars. This is also called as trading. On Binance, all trading is done with BTC, ETH, BNB or USDT. If you have any Altcoin you can transfer it to Binance balance and then you need to purchase one of these four currencies at market price first to exchange it for other Altcoins like Dash (DASH).

Some people also sell Dash (DASH) on eBay. Current market price of 1 Dash (DASH) is about ~$1,100 as on January 2, 2018, while it’s available on eBay anywhere between $3,00-5,000. So if you have only this option to buy and if you are ready to give extra dollars then you can opt for this option as well. Some people also sell Cryptocurrencies on local sites like Craigslist, Offer up, Letgo etc. But you should be extremely careful as these are just the digital assets and transfer between individuals is based on the code. There is no proof for such exchanges and you either cannot claim your receipt or difficult to analyze the transfer. There is no government regulation on these currencies so you cannot claim if there is any issue.

Where to save my digital assets after making the purchase?

How can I make the profit out of my purchase (long-term investment or can earn daily)?

Can I earn some free Cryptocurrency instead of buying it?

Purchasing cryptocurrency is not the only way to have these digital assets. There are alternative ways to earn these free. Different ways to earn free cryptocurrency are explained in another post.

Financial potential of Dash (DASH)

Dash (DASH) is a fast-rising Cryptocurrency. It has grown up 800 times last week. The only question which everybody is asking – Is this the right time to think about Cryptocurrency and can I afford to miss the bus at this right time before becoming unaffordable? It may be a bubble or gold.

Caution

I am not the Cryptocurrency expert and you should take extreme precaution before purchasing any such currency.

Are there any other Altcoins with the potential to give big returns?

Please follow the link to see the list of other Altcoins currently being sold at Binance . You can also learn more about those Altcoins.

What is NEM (XEM) and how to buy?

January 3, 2018 Leave a comment By crypto

What is Cryptocurrency?

What is NEM (XEM)?

NEM is a Cryptocurrency which was launched on March 31, 2015. The idea to create NEM was started by a Bitcoin Talk forum where a user UtopianFuture proposed to create a fork of NXT but later community supported the development of new codebase.

Who can buy NEM (XEM)?

NEM (XEM) is an Altcoin which is not widely available to purchase directly using government-issued currency like US Dollar or Euro. But if you have either Bitcoin or other well-established Cryptocurrency likes Ethereum then you can exchange.

How and where to buy NEM (XEM)?

Binance (Best for USA and International purchase) is the best places to buy NEM (XEM). However, you can’t purchase NEM (XEM) directly by paying in Dollar or Euro. First you need to buy other Cryptocurrencies like bitcoin, Litecoin, Ethereum somewhere (maybe from Coinbase which is the most popular and trusted worldwide) then you need to transfer that to Binance balance (which is a very simple process and both sites will give you the respective currency address to get the currency) and subsequently you can buy NEM (XEM) with that balance. In other words, this is just the exchange and not the actual buying with dollars. This is also called as trading. On Binance, all trading is done with BTC, ETH, BNB or USDT. If you have any Altcoin you can transfer it to Binance balance and then you need to purchase one of these four currencies at market price first to exchange it for other Altcoins like NEM (XEM).

Some people also sell NEM (XEM) on eBay. Current market price of 1 NEM (XEM) is about ~$1.2 as on January 2, 2018, while it’s available on eBay anywhere between $3-10. So if you have only this option to buy and if you are ready to give extra dollars then you can opt for this option as well. Some people also sell Cryptocurrencies on local sites like Craigslist, Offer up, Letgo etc. But you should be extremely careful as these are just the digital assets and transfer between individuals is based on the code. There is no proof for such exchanges and you either cannot claim your receipt or difficult to analyze the transfer. There is no government regulation on these currencies so you cannot claim if there is any issue.

Where to save my digital assets after making the purchase?

How can I make the profit out of my purchase (long-term investment or can earn daily)?

Can I earn some free Cryptocurrency instead of buying it?

Purchasing cryptocurrency is not the only way to have these digital assets. There are alternative ways to earn these free. Different ways to earn free cryptocurrency are explained in another post.

Financial potential of NEM (XEM)

NEM (XEM) is a fast-rising Cryptocurrency. It has grown up 800 times last week. The only question which everybody is asking – Is this the right time to think about Cryptocurrency and can I afford to miss the bus at this right time before becoming unaffordable? It may be a bubble or gold.

Caution

I am not the Cryptocurrency expert and you should take extreme precaution before purchasing any such currency.

Are there any other Altcoins with the potential to give big returns?

Please follow the link to see the list of other Altcoins currently being sold at Binance . You can also learn more about those Altcoins.

A comprehensive guide to earn free Bitcoin and other Cryptocurrency

December 25, 2017 Leave a comment By crypto

Nothing is free in this world. If it is offered free then you must need to give some of your valuable time. If you have some spare time then you can earn a lot of Bitcoin and Altcoins. Here, I have discussed all the ways to earn free Cryptocurrency.

There is a number of companies whose business is based on Cryptocurrency and they will not mind sharing their profit in return for your effort to provide them more customers. If you choose the right company to promote then you can earn a lot of Bitcoin and other Altcoins. Following is the list of various affiliate programs.

Exchange and marketplace

Exchange and marketplace are the places where people can buy and sell Bitcoin and Altcoins. Following is the list of affiliates which have a good reputation for paying affiliates.

Coinbase: Coinbase is world’s most popular place to purchase popular Cryptocurrency. It pays both affiliates and the customer $10 worth of BTC once your referred customers purchase Cryptocurrency at least of $100 worth.
Binance.com and Binance.us: It is a popular place to trade Bitcoin and 100s of Altcoin. It pays 20-40% of the trading fee to their affiliates.
cex.io: It is also a popular exchange to buy, sell and trade Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Bitcoin Gold (BTG), DASH, Ripple (XRP), Zcash (ZEC), and GigaHash (GHS). It pays 30% of the trading fee to their affiliates.
LocalBitcoins: It is a marketplace where the user can trade Bitcoins locally to nearby customers. It pays 20% of the user’s trading fee on each trade.
CoinMama: Currently, it allows the option of purchase Bitcoin and Ethereum. They are not offering to sell at this time. Referrals will get 15% of Coinmama’s commission on all future purchases of referred customers.
Virwox: One can purchase Linden Dollars, Avination’s C$, and the Open Metaverse Currency (OMC) along with Bitcoin at VirWoX. It pays 20% of all the commissions paid to VirWoX by your referrals.
Gemini: It offers to purchase and trading for Bitcoin and Ethereum.
BitPanda (Not for USA customers but popular in Europe): Bitpanda (formerly known as Coinimal) is an exchange where you can buy and sell Bitcoin, Ethereum, Litecoin, and Dash. Referrals will receive a €2.50 bonus for every referred and 5% lifetime revenue share.
Coinhouse (Not for USA customers but available for Europe). It is a place to buy Bitcoin and Ehereum. It pays 20% of all operations commissions to the referrals.
247Exchange (No USA customers): Here users can buy Bitcoins via credit card, debit card and wire transfers where registration and id verification are not required. It pays 30% of the fees what 247exchange receives from that client lifetime
Exmo: It is a place to buy/sell and trade Bitcoin, Litecoin, Dogecoin, Dash, Ethereum, Waves, Zcash, Tether, Monero, Ripple, KickCoin, Ethereum Classic, Bitcoin Cash. It offers 25% of the commissions on exchange transactions of referred customers.
Bitmex (Not for USA customers): It is a place to trade Bitcoin, Bitcoin Cash, Binary, Dash, Ethereum, Ethereum classic, Litecoin, Monero, Ripple, Tezos, and Zcash. You will get 10-20% lifetime commission on referred customers.
Changelly: It offers exchange for purchasing Bitcoin, Zcash, Dash, Ether Classic, Litecoin, Dogecoin, Bitcoin Cash, Bitcoin Gold, DigiBye, Expanse, GameCredits, Lisk, Gulden, Nxt, PotCoin, Power Ledger, Stratis, Syscoin, TokenCard, DigitalNote and XEM (NEM). It offers 50% lifetime commissions whenever your referred customers make any purchase.
ShapeShift: It doesn’t need an account and you can swap between your digital assets easily. The affiliate program will pay .25% of the monthly volume in Bitcoin. It offers API integration on website.
Bitfinex (Not for USA citizens): It offers exchange and trading of Bitcoin, Bitcoin Cash, Ethereum, Iota, Ripple, Litecoin, EOS, Ethereum Classic, NEO, Dash, Monero, Zcash, OmiseGO, Santiment, BTG, Qtum, ETP, Streamr, YOYOW, QASH, Eidoo, and Aventus against USD or BTC. You need to personally contact customer support to join affiliate program.

Bitcoin Lending

Xcoins: It is a Bitcoin platform that allows people to lend Bitcoin to one another. It pays for Borrower and Lender Referrals. If you directly refer a customer then you will get 15% commission while referring by your sub-affiliates will be paid as 5% commission.
Bitbond: It is a marketplace to borrow or lend your money as Bitcoin. If you refer a borrower you’ll receive 20% of the origination fee. If you refer a lender you will receive 30% of the origination fee. You can earn up to 50% of Bitbond’s origination fee as a commission.

Hardware wallet

A hardware wallet allows you to safely store your Bitcoins offline.

Ledger wallet: 15% of the net sale amount. It 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).
TREZOR: You need to apply to be an affiliate to earn 10% referral commissions. 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.
KeepKey: (latest Bitcoin hardware wallet) 10% of the sale cost. You can also refer other affiliates and get 5% of their earnings. It supports secure storage of bitcoin, ethereum, litecoin, dogecoin, dash, and namecoin.
Paxful: 2% of the total purchase sent to your Paxful bitcoin wallet. It supports only Bitcoin but is not a hardware wallet in the real sense but has multiple security when Bitcoin stored here.

Trading and investiment

AvaTrade: It is a forex company allowing people to speculate and leverage their trading on Bitcoin’s price. Commission is based on revenue share or CPA ($250 per customer)
Plus500: It is a forex company allowing people to speculate and leverage their trading on Bitcoin’s price. It offers commission based on revenue share or CPA (up to $700 per customer).
1Broker: This trading platform lets you use your BTC to trade CFDs for the top forex pairs, commodities, indices and stocks. They offer leveraged trading and fairly low spreads. They offer 25% commission on the spreads paid by any trader who signs up under your account.
CryptoTrader: this unique service provides a platform for users to purchase and use trading bots for automated Cryptocurrency trading. The referral program pays out 10% on the recurring payments for premium accounts and one-off payments to purchase new trading bots.

Bitcoin Web Hosting

bitcoinwebhosting.net: This is a company where website owners can pay hosting fee as bitcoin. It offers different pay for different hosting plans ($10 for every signup; For shared and VPS referrals, you earn $25 – $100 per sale; Dedicated servers and DDoS protection earn 50% of the 1st month’s invoice)

P.S. We will keep this article updated based on new earning potentials. Please keep this page bookmarked. Any suggestions on adding new ways to earn free cryptocurrency are welcomed in the comment section. We will try to include that in the main article.

A comprehensive guide to Cryptocurrency

December 24, 2017 Leave a comment By crypto

What is Cryptocurrency?

Cryptocurrency is an alternative currency not issued by any government and not associated with any country. It is a digital asset which can be transferred between two people using a code where there is no middleman or no involvement of Credit Company. This decentralized currency maintains anonymity where there is no need to know people who are exchanging and transactions are untraceable. There is also some concern that such currency is used by criminals as privacy is maintained during the transactions.
The first Cryptocurrency, Bitcoin, was invented in 2009 by an unknown person or group of people named as “Satoshi Nakamoto”.

How many Crytocurrencies exist?

Bitcoin was invented first but subsequently, there is number of other introduced later which are collectively called as Altcoin to make it different from Bitcoin. These works on the same basics but they use different code. Following is the list of some alphabetically arranged Cryptocurrencies and the most popular are marked as bold. There are many more as well besides following.

AdEx (ADX)
aelf (ELF)
Aeron (ARN)
AirSwap (AST)
Agrello (DLT)
AION (AION)
Amber (AMB)
Ark (ARK)
Basic Attention Token (BAT)
BCX (BCX)
Bancor (BNT)
Binance (BNB)
Bitcoin (BTC)
Bitcoin Cash (BCC)
Bitcoin Diamond (BCD)
Bitcoin Gold (BTG)
BitShares (BTS)
BlockMason Credit Protocol (BCPT)
Bread (BRD)
Bytom (BTM)
Cardano (ADA)
ChainLink (LINK)
Cindicator (CND)
CoinDash (CDT)
CyberMiles (CMT)
Dash (DASH)
Decentraland (MANA)
DigixDAO (DGD)
district0x (DNT)
Enigma (ENG)
EnjinCoin (ENJ)
EOS (EOS)
Ethereum (ETH)
Ethereum Classic (ETC)
ETF (ETF)
Etherparty (FUEL)
EthLend (LEND)
ETHOS (BQX)
Everex (EVX)
FunFair (FUN)
Genesis Vision (GVT)
Gifto (GTO)
GXShares (GXS)
HealthCare Chain (HCC)
Hshare (HSR)
ICON (ICX)
ICONOMI (ICN)
Komodo (KMD)
KyberNetwork (KNC)
Lisk (LSK)
Litecoin (LTC)
LLToken (LLT)
loopring (LRC)
Metal (MTL)
MIOTA (IOTA)
Modum (MOD)
Moeda Loyalty Points (MDA)
MONACO (MCO)
Monero (XMR)
Monetha (MTH)
Neblio (NEBL)
NEO (NEO)
NeoGas (GAS)
Nuls (NULS)
OMG (OMG)
openANX (OAX)
OYOW (YOYO)
et (POE)
Populous (PPT)
PowerLedger (POWR)
Qtum (QTUM)
Quantstamp (QSP)
Raiden Network Token (RDN)
Request Network (REQ)
Ripio Credit Network (RCN)
Ripple (XRP)
Salt (SALT)
Simple Token (OST)
SingularDTV (SNGLS)
SONM (SNM)
Status (SNT)
Stellar Lumens (XLM)
Storj (STORJ)
Stratis (STRAT)
Substratum (SUB)
Super Bitcoin (SBTC)
TetherUS (USDT)
Tierion (TNT)
Time New Bank (TNB)
TRON (TRX)
VeChain (VEN)
Verge (XVG)
Viberate (VIB)
WaBi (WABI)
WaltonCoin (WTC)
Waves (WAVES)
Zcash (ZEC)
ZCoin (XZC)
ZRX (ZRX)

The market of Cryptocurrency is extremely promising. At the same time, it is very risky to invest. New cryptocurrencies are emerging at the high pace while many older losing strength. Some get wealthy while some become bankrupt. New Cryptocurrency comes with a promise to change the whole world which may or may not be true.

How to calculate the value of any Cryptocurrency?

The real value of Cryptocurrency is determined by the market. It is not controlled by any central bank. Cryptocurrency is controlled by an algorithm which cannot be changed by anybody. So, nobody has the control on how many such Cryptocurrency can be created in future. Most of the time, the total number is fixed. Cryptocurrency value is decided based on the relationship between supply and demand. So, it is of less importance to measure the real worth at any given moment. Its value can go up or down based on supply and demand. The value of most government-issued currencies is based on physical commodities like Gold, but cryptocurrency value is based on faith and fear. Any good news in the market can increase the value while any bad news will decrease the value. Government regulations, new legal rules, country-based restrictions, etc are the very important aspects in increasing or decreasing the g current market price of cryptocurrencies.

Bitcoin is accepted currency for payment at major websites like Expedia, WordPress, Biratebay, Reddit etc. However, most of the other currencies have value only in its exchange and how quickly it is getting accepted by major retailers worldwide. Any currency has value only if there are people who are willing to give any product or service on its exchange.

Other benefits or owning Cryptocurrency

This is very easy to manage different accounts for these currencies. As nobody knows how much you own so you are safe from hackers, cybercriminals, and criminals. Money can be transferred just by codes globally. The main benefit is very low transaction fees during transfer of money to anybody all over the world. It is very easy to send big money or tiny amount globally without the involvement of any bank. There is no need to lose money during the exchange at the time of global payment. You don’t need to give your personal details to anybody before making any transactions. So, it is the safe method of payment without the fear of identity theft. As payments are irreversible, there is no need to worry about chargebacks like Visa, MasterCard or PayPal. Many people see Cryptocurrency as long-term investment plan. Purchasing Bitcoin to is also emerging as a way to protect devaluation of national currency and is very popular in countries like Zimbabwe. The power of Smart Contracts or token on Ethereum platform is also getting popular enabling companies to get millions of dollar in crowdfunding.

How to store Cryptocurrency?

Cryptocurrency is digital money so owning Cryptocurrency simply means that you have a software address where money is stored and a secret key to see and use the balance. The address and key can be stored electronically or on paper as long as you can perverse it. The place where you store Cryptocurrency is called as Wallet. The wallet can be online or offline. The online wallet can be of two type – first is wallet available at different websites and second is wallet software stored on the computer. The offline wallet can be a hardware-based wallet which is just like a memory card or junk drive which can be accessed using USB port. As Cryptocurrency is based on code so the safest way to store it is to use the paper-based method. Hackers may get access to the online system so there is always a risk for online storage of money. However, paper-based storage is least convenient. Having digital wallet is the first thing to do before getting any Cryptocurrency.

How to buy Cryptocurrency?

There are many exchanges and trading platforms where Cryptocurrency can be purchased. They also provide a digital online wallet to store purchased Cryptocurrenies. However, you can transfer your currency to any personal wallet anytime. You should always be extremely careful at the time of choosing right exchange or trading platform as you are going to give your bank or card details. The most popular place to purchase Bitcoin, Bitcoin Cash, Ethereum, and Litecoin in USA is Coinbase exchange by paying in USD, Euro or GBP. Money can be transferred through online banking, wire transfer, ACH transfer, credit card, debit card. You also need to verify your identify by uploading your identify card to fulfill the legal requirement of KYC (Know Your Customer).

Binance is the trading trading platform where you can purchase 100s of altocoins. However, you can’t purchase altcoins directly by paying in Dollar or Euro. First you need to buy other cryptocurrencies like Bitcoin, Litecoin, Ethereum somewhere (maybe from Coinbase) then you need to transfer that to Binance balance and subsequently, you can buy Altcoins with that balance. In other words, this is just the exchange and not the actual buying with dollars. This is also known as trading. On Binance, all trading is done with BTC, ETH, BNB or USDT. Even if you have any altcoin, you can transfer it to Binance balance and then you need to purchase one of above four currencies at market price first to exchange it for other altcoins like Verge later.

Other places to buy crytocurrencies are CoinMama, Cex.io, Virwox, BitPanda, Xcoins, Exmo, Bitstamp, Bitfinex, Kraken etc. Some people also sell Bitcoin and other altcoin on eBay but the prices are at much higher rate compared to current market value. So if you only have this option to buy and if you are ready to give extra dollars then you can opt for this option as well. Some people also sell cryptocurrencies on local sites like craigslist, offer up, letgo etc. But you should be extremely careful as these are just the digital assets and transfer between individuals is based on the code. There is no proof for such exchanges and you either cannot claim your receipt or difficult to analyze the transfer. There is no government regulation on these currencies so you cannot claim if there is any issue.

There are some options to purchase cryptocurrencies in cash by trading with someone in real life. Localbitcoins.com provides a platform where people can buy Bitcoin by paying in cash to nearby people interested in selling. However, you should be extremely careful during such deals and should always meet in public place because of the personal safely reason. However, money can be transferred digitally.

Is it legal to own Cryptocurrency?

Anybody in world may gain access to Cryptocurrency. However, there is no legal standing for such currencies and some countries like Iceland had imposed ban on their use. Some countries are also imposing restricted use where it is necessary to disclose profit made with Cryptocurrency for tax purposes.

What is Cryptocurrency mining?

The total number of all Cryptocurrency is generally fixed. The new coins are released on a steady and predictable rate but the total number is always fixed. Mined Cryptocurrency comes in circulation. Mining new coins is not possible once that final target is reached. The verifications of the transactions in network is also called mining. In early days, it was easier for people to mine coins with regular computer but now the competitions is too high and sophisticated hardware have come in market which is used to mine new coins. At present, it is not a profitable reason to start mining if one doesn’t have sufficient financial backups to build mining infrastructure. It may be waste of time without good infrastructure.

What is the risk associated with keeping crytocurrency?

There is always a risk associated with software based currencies. Cryptocurrency ownership is based on some code and private keys. If somebody gains access to code and key then they can steal the stored money. Therefore a certain level of computer skill is required to understand associated risk and to keep money safe.

Cryptocurrency Blog

Category Archive Altcoins

What is TRON (TRX) and how to buy?

What is Cardano (ADA) and how to buy?

What is Tether (USDT) and how to buy?

What is OmiseGO (OMG) and how to buy?

What is NEO (NEO) and GAS and how to buy?

What is Monero (XMR) and how to buy?

What is Dash (DASH) and how to buy?

What is NEM (XEM) and how to buy?

A comprehensive guide to earn free Bitcoin and other Cryptocurrency

A comprehensive guide to Cryptocurrency

Categories

Recent Posts

Contact Info