Category: Crypto

It’s no surprise to anyone in the cryptocurrency world that Ethereum is on the rise. Ethereum has become popular in part due to its growing adoption by enterprises and developers, as well as its ability to use smart contracts.

Securing an Ethereum wallet is one of the first steps you need to take before you jump in and purchase digital currency. Now that Ethereum has been out for some time, there are quite a few wallet options to choose from. Finding the right Ethereum wallet to suit your needs can be difficult, so we’ve outlined the top 10 Ethereum wallets so you can start mining Ether today.

Ledger Nano S

Ledger is a leading manufacturer of cryptocurrency wallets and hardware security tokens (HSTs). They use state-of-the-art security protocols, which allow for storing cryptocurrency in the safest way possible.

Trezor

Well, the Trezor wallet is the best Ethereum wallet. It is powered by the Bitcoin-QT engine and can run Ethereum applications. The wallet can be used securely and privately and is recommended.

MyEtherWallet

Introducing MyEtherWallet, the world’s most popular Ethereum wallet, which allows you to safely store, send, and receive Ether and ERC-20 tokens. It is 100% open-source and completely free. The interface requires no registration or login and is completely un-hosted, meaning you are not entrusting your private keys to third parties. MyEtherWallet is also the only wallet that offers private keys encrypted with the secure open-source script algorithm by default.

Mist

Mist is an open-source mobile wallet app for storing cryptocurrencies. The interface for Mist is clean and easy to navigate, and the app is available for both Android and iOS. With Mist, users can store Ethereum, Bitcoin, Litecoin, Dash, Dogecoin, Nem, and Arc.

imToken

imToken is an application launcher, wallet, and exchange all in one. It provides users with a secure, convenient, and fast way to store, send and trade Ethereum tokens. imToken can exchange ETH, ERC20 tokens, and ERC721 collectibles.

Coinbase Wallet

The Coinbase Wallet is one of the best Ethereum wallets on the market. It offers all of the security features that you would expect from an Ethereum wallet, along with easy login and access to the cryptocurrency market. The Coinbase Wallet can be used to keep your Ethereum safe and secure, with enhanced security measures and automatic backups.

Jaxx

Jaxx is an all-in-one cryptocurrency wallet. It supports dozens of currencies, including (but not limited to) Bitcoin, Ethereum, and Litecoin. Jaxx not only lets you store your favorite coins and tokens, but it also lets you purchase more directly from within the app, thus avoiding the hassle of having to access a separate exchange to use your credit card. Jaxx supports password protection, multiple seed words, and hardware wallets for added security. Best of all, it is free so you can download it right now.

Cryptonator

Cryptonator is a robust Ethereum wallet that’s available as a browser extension, desktop client, and web-based browser. The extension uses Web3.js and MetaMask to enable direct interaction with the Ethereum network via your Chrome browser. Cryptonator has an intuitive interface that makes configuring it easy, and it even has built-in default token support.

MetaMask

This open-source browser extension makes it easy to manage multiple Ethereum accounts beyond the main account. One little bonus is that you don’t even need to interact with the Ethereum blockchain if you don’t want to and can use MetaMask to store funds securely and privately.

Rainbow Wallet

Rainbow Wallet is a multi-asset wallet where you can store and trade multiple cryptocurrencies. It is the most secure, user-friendly, and user-friendly Ethereum wallet. It is also free, making it a good option for beginners.

Get Your Best Ethereum Wallet

Ethereum is a blockchain-based digital currency that is one of the cryptocurrencies. The currency has gained popularity in a couple of years. The currency has been supported by major banks, financial institutions, and companies. However, to use Ethereum, you need first to understand how digital currency works.

Investing in cryptocurrency requires an online wallet to store your cryptocurrency. This wallet can be online or on your smartphone—but which one should you choose? Both options have their pros and cons, and where you choose depends mostly on your own needs and preferences.

Cryptocurrency is a digital currency that can be used to buy goods online. Unlike traditional currencies (such as dollars, euros, or pounds), these digital assets are not issued by any government and are not connected to any bank. Because they are digital, these currencies can be traded anywhere in the world!

Trading cryptocurrency is just like trading stocks, bonds, or commodities on a stock market. The crypto market represents a massive untapped pool of digital wealth; trading in digital currencies has the potential to make many investors quite wealthy. But before we get to that, it’s important to learn a little bit about how these currencies work, and what are some of the most popular cryptos today:

How Crypto Works

Cryptocurrency is a new way to make financial transactions; it’s not quite like cash. It uses encryption and decentralized networks such as the internet to transfer money, allowing users to send and receive funds electronically. For example, bitcoin is an entirely digital currency that relies on a public ledger. People use bitcoin to buy things online and many vendors accept cryptocurrency in addition to cash.

When diving into the world of cryptocurrency trading, selecting the right wallet is paramount. A secure and user-friendly option can make all the difference in safeguarding your digital assets. Using a wallet like ledger nano s can be a great solution, as these tend to have encrypted hardware, which aids in the protection of your private keys.

Popular Cryptocurrencies

Cryptocurrencies are all the rage right now, and with good reason – they are exciting, innovative, and provide a fantastic investment opportunity. Yet, cryptocurrencies are also extremely volatile, and their massive price swings make investing sound quite risky. But don’t ditch your day job just yet; there are still plenty of ways you can get involved. With a little research, you can learn more about cryptocurrencies and decide which ones might be right for you!

To better grasp how cryptocurrencies work and which cryptos are worth your time, here’s a quick primer on some of the most popular cryptocurrencies:

• Bitcoin

Bitcoin was the first cryptocurrency, and is still the most popular today. Bitcoin enthusiasts tout cryptocurrency as the future of all money, with the power to decentralize the world’s financial system. Bitcoin works by using cryptographic algorithms to control the creation and transfer of money making. It is anonymous, secure, and decentralized, and could be traded on platforms like Bitcoin Apex. The currency’s value fluctuates based on the demand from buyers and sellers. As of November 2018, one bitcoin can be exchanged for around $6200.

• Ethereum

Ethereum is the second-most popular cryptocurrency, and its popularity has been on the rise. Ethereum uses blockchain technology to create an internet of value, where anything of value can be tracked and stored.

Beginning your Trading Journey

Now that you have some idea about cryptocurrency, we can get to the meat of the matter–trading. Although crypto trading has a number of benefits, making your first trade in this market may not be the easiest idea in the world, especially if you haven’t studied the frequent rise and fall of various cryptocurrencies. This is where a Crypto blog in Nigeria (or elsewhere) could help you to acquire information regarding how to start investing in crypto, track volatile trends, learn about decentralised crypto wallets, when to sell your crypto assets, and more. When it comes to blockchain investment, analysing gathered information to develop an investment strategy can increase profit margin and mitigate losses.

How Do I Begin Trading in Cryptocurrency

Make a Brokerage Account

Making cryptocurrency brokerage accounts is a straightforward process – you simply create an account on an online crypto exchange, follow a few basic steps, and place your trades. While these brokerage accounts do not necessarily require advanced trading knowledge or experience, some advanced traders may benefit from utilizing other crypto brokerage accounts or trading platform services.

To trade cryptocurrency, you’ll need to open a brokerage account. Most of them require personal information such as a Social Security number and driver’s license number.

Fund Your Account

The cryptocurrency market has exploded in recent years, and many people now consider investing in it. But before you begin trading, you’ll need to set up an account through which to make money, fund your account with a reputable broker (like Coinbase Kraken or Gemini), then choose a minimum of 5 cryptocurrencies to trade on an exchange.

Pick a Crypto to Invest In

Cryptocurrency has made its way into mainstream media, with virtual currencies being the most common investment for people getting into cryptocurrencies. Bitcoin, Litecoin, and Ethereum are all popular cryptocurrencies; each runs on its own mining network due to how it handles transactions.

Choose a Strategy

Although trading in crypto is a lucrative way to make money, it can quickly become complicated. It’s quite easy to lose money in the crypto market. Fortunately, there are ways to make trading easier, including by figuring out a strategy that works for you. Of course, developing your own strategy when you’re a beginner is not the easiest thing to do, so, you could do your groundwork with the help of information that you can find at 2dots.com and similar sites on the web. By taking in the inputs through such websites, you could create functional strategies that are aided by AI-based predictions. This can help ensure that you are trading at the right times, and that you aren’t trading beyond your current means.

Automated Crypto-Trading

Trading in the digital market can be intimidating at first, but there are a lot of ways to get started: there’s automated crypto trading, which you may be able to do on your own; there are bittrex trading bots; and trading strategies, which use algorithms to automate trading for you. If you are new to this world, consider a course like Crypto Trading University or Cryptocurrency Trading.

Once You’ve Invested

So, you’ve done all the above, now what? How do you go about actually seeing the profits of your investments? Well, there are two main routes you can take – you can buy and hold, or you can trade. Let’s take a closer look at both:

• Buy and Hold – buying and holding cryptocurrency means you buy some amount of currency, and then hold on to it. You don’t trade it, you don’t sell it, you don’t do anything with it. You just keep it and as long as you can hold onto it you know its value will increase.
• Trade – A more active option while dealing in the crypto market is trading. This concept is the same as the real-world stock exchange. Exchanges will charge you a fee for doing this, which normally costs around 0.1% for each trade.

As long as you stick to these steps, and invest prudently, the cryptocurrency market will be a safe trading haven for you.

Cryptocurrency trading is growing more popular by the day. It was among the top stories on Reddit in 2017. It’s estimated that Bitcoin’s valuation is about $500 billion (USD) as of 2017. This figure was expected to rise by over $400 billion (USD) in 2018. 

Despite these impressive figures, cryptocurrency market is still relatively small compared to, let’s say, the stock market. This makes it especially attractive for people who want to start trading cryptocurrencies but aren’t exactly sure how to do it.

These days, a lot of investors see cryptocurrency trading as a way to make quick money without much effort. Not surprisingly, they seek faster ways to invest in cryptocurrency through mutual fund platforms for example. An initial investment of 10,000 USD can purchase a fund worth at least 500,000 USD. 

However, there are some disadvantages to investing in cryptocurrency through mutual funds. One of them is that, once your investment grows, you have to sell it. In some cases, you may have to sell it at a loss. This means that your profit may not reach as much as you had initially expected.

Since cryptocurrencies are not regulated by any central authority, it becomes very difficult for investors to make huge profits. This, in no way, means that investors can’t make profits by investing in cryptocurrencies. Enter crypto trading software, a platform that has the potential to help an investor make huge profits. Of course, like any other trading platform, it has to be done right to achieve the intended objectives!

Cryptocurrency is a digital currency, and it is basically a digital form of money. No central authority controls the currencies in circulation, they are instead solely based on cryptography. You have to therefore look at the big picture when evaluating cryptocurrency trading software. The software is merely a platform that allows you to trade in the cryptocurrency market. 

Cryptocurrency trading software helps to boost trading activity on any cryptocurrency. It also helps convert crypto into fiat currency. The software can be in the form of a mobile, desktop, or web app that helps traders to invest, trade, manage and invest in crypto. It offers many advantages. Let us look at some of them here:

• Developed by expert traders, a trading platform of this nature includes a toolset that simplifies your trading experience so as to fast track your move into the cryptocurrency market. Simply put, a cryptocurrency trading software automates the trading process, thus allowing traders to buy and sell cryptocurrencies based on a predetermined set of rules.
• A software of this nature makes crypto trading available to a wider audience. This tool helps traders of all levels to find profitable trades and make profits. Cryptocurrency trading programs range from free offers to paid services that can cost thousands of dollars. Before you start using trading software, ensure you know what you’re looking for. Trading in cryptocurrencies is a high-risk endeavor. So, a reliable, intuitive, and accurate software is indeed akin to a good investment!
• A cryptocurrency trading software will help you preserve your financial resources and optimize your profits. The technical trading software facilitates a better approach to trading cryptos along with other digital currencies. It supports customers in using technical trading tools – tools that are the best, most detailed, and most accurate to have been ever devised for crypto trading. The trading platform helps understand market trends better and therefore make informed trades.
• Cryptocurrency trading software helps investors make wise decisions to trade Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash, Cardano, NEO, etc. The trading software tracks the crypto coins over a wide range of exchanges and helps you make the best possible trading decisions. As a result, you can take calculated risks with your investments to grow your cryptocurrency portfolio.

We all know how important market stability is for trading cryptocurrencies. Because the market is constantly rising and falling, it is totally unavoidable that you will lose from time to time when trading. Nevertheless, trading cryptocurrency is always profitable as long as you know what you are doing.

Cryptocurrency trading software can help anyone generate realistic and reliable trading signals that can help them grow their cryptocurrency trading platform. However, you need to make sure you use the best trading software because it makes a huge difference in your trading experience.

If you haven’t heard these terms already, cryptocurrency and crypto exchange will both definitely come up in your life sooner or later. Cryptocurrency refers to electronic money that is digital, encrypted, and cannot be copied or hacked like traditional currencies like the U.S. dollar or the euro.

New companies, projects, and tokens appear every day, which means new exchanges to trade on. But, with so many exchanges out there, how do you know which one is right for you? Before trading crypto, you need to make sure you understand the basics of an exchange.

Cryptocurrency exchanges are centralized or decentralized, and that’s a key distinction. Centralized exchanges store customer funds on their own servers, while decentralized exchanges have no single point of failure. For beginners, decentralized exchanges are a safer option, but centralized exchanges generally have faster withdrawals and more flexibility.

Have a strategy

Cryptocurrency is a new and relatively unfamiliar concept to many. Cryptocurrency is a digital asset that uses encryption to secure transactions and control the creation of new units of the currency. Bitcoin and Ethereum are the most popular cryptocurrencies. If you want to safely buy, sell, store, or exchange cryptocurrencies, it’s important to have a strategy for crypto exchange. Cryptocurrency exchanges are the opposite side of the coin to traditional stock exchanges, which trade stocks. These exchanges trade in cryptocurrencies, which are electronic versions of cash.

Bitcoin, Ethereum, and other digital coins continue to gain popularity. As cryptocurrency grows, people are now able to buy NFTs with coins like Ethereum and are learning how to mint on metamask so they have their own digital assets. In fact, according to Coin ATM Radar, there are 430,000 bitcoin ATMs around the world. Although Bitcoin is still considered a digital commodity, its appeal is due to the fact that it can be sent and received digitally without any need for an intermediary, like a bank or trader. Because you don’t need to go through a third party to exchange Bitcoin, it’s inexpensive to purchase.

Fund your account

Many banks don’t support crypto-currencies (although that is starting to change), so you may need to open a separate bank account to do your crypto-currency trading. However, you might want to fund your crypto-currency account to make trading easier.

This method of exchange was originally invented by Satoshi Nakamoto, who designed a peer-to-peer currency exchange system. This system involves creating digital coins or tokens that users can trade. This is in contrast to fiat currencies, which are controlled by and issued by governments. Bitcoins, Litecoins, Ripple, and other crypto coins have been created via a decentralized network of users who mine for coins via the blockchain.

Exchanges and wallets are two sides of the same coin. While exchanges are where you’ll find Bitcoin, Ethereum and other cryptocurrencies that you can buy and sell, wallets are where you’ll keep those cryptocurrencies safe until you’re ready to use them. Cryptocurrency exchanges are where individuals can trade one cryptocurrency for another or convert cryptocurrency into fiat currency, such as U.S. dollars or euros.

Look for the right cryptocurrency.

Cryptocurrency Exchanges are one of the best places to trade Bitcoin and other cryptocurrencies with fiat currency. Cryptocurrency Exchanges are popular because they can provide safe, secure transactions with low fees and fast processing times. However, finding the right cryptocurrency Exchange can be complex and confusing. So, what should an exchange look like for you?

While blockchain is most commonly associated with the cryptocurrency Bitcoin, the technology has other, more real-world applications. The technology is the basis of a national I.D. system in Japan, where citizens can use the technology to prove their identity online on the fly. Banks are also exploring the blockchain system as a way to track money flows.

With an estimated value of $37 billion, Bitcoin is and continues to be a force in the cryptocurrency world, serving as a medium of exchange between individuals. But, due to the volatility of the Bitcoin market, there is now a plethora of other cryptocurrencies entering the market. In order to convert your cryptocurrency for fiat, you need to exchange it for another cryptocurrency, such as Ethereum, which acts as a medium for exchanging cryptocurrency for fiat. Ethereum is the second-largest cryptocurrency by market cap, making up 9.17% of the total cryptocurrency market.