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Top Bitcoin and Cryptocurrency News For Today October 15th [VIDEO]

https://youtu.be/Sa0k1zdO4mI Newly Published Journal Indicates Maturing Crypto Market Is Great News For Bitcoin https://bitcoinexchangeguide.com/newly-published-journal-indicates-maturing-crypto-market-is-great-news-for-bitcoin/ DocuSign Expands By Adding Ethereum (ETH) Support And Blockchain Integration https://bitcoinexchangeguide.com/docusign-expands-by-adding-ethereum-eth-support-and-blockchain-integration/ Bitcoin Price Flirts With...

TRON Founder Justin Sun and TRX Coin Social Media Marketing: Double Edged Sword for Investors

Justin Sun, TRON founder, is among the top 3 social media active crypto figures as of press date. The TRX founder has tweeted to...

Nouriel Roubini's “The Big Blockchain Lie” Takes His Crypto Negativity to A New Heights

Most of the financial and cryptocurrency industry is familiar with the rantings of Nouriel Roubini. He has been vocal for years, voicing his aggressive...

Crypto Investing Leader Mike Novogratz Says Bitcoin Rally Will Happen In 2019

Novogratz Believes Bitcoin Rally Will Happen In 2019 Michael Novogratz is one of the most prominent investors of the cryptocurrency market at the moment and...

Crypto Exchanges Supporting ICX Token Swap: Binance, UpBit, OKEx, Bithumb, Huobi and Dragonex

A reminder on the exchanges that are supporting the ICX token swap It is about two weeks to the token swap deadline, and from this,...

Ex-Head of CFTC Affirms Most Initial Coin Offering Tokens are Securities by Law

Former CFTC Head Affirms: Most Tokens From ICOs Are Securities Gary Gensler, the former chairman of the U. S. Commodity Futures Trading Commission (CFTC), has...

Circle Crypto Company Attacks Paypal for Increasing Venmo’s Withdrawal Fee

Circle Attacks Paypal As Company Raises Venmo’s Withdrawal Fee Paypal has recently been criticized for raising the fees of its mobile payment platform Venmo. Starting...
Blockchain.com's Crypto Legal Expert Marco Santori Announces "Fireside Chat" With US Treasury Member

Blockchain.com's Crypto Legal Expert Marco Santori Announces “Fireside Chat” With US...

As SEC Works on Regulating Cryptocurrency, Marco Santori Announces “Fireside Chat” With Member of US Department of Treasury Marco Santori is the president and Chief...
trezor model t

Trezor Model T: Best, Highest Quality Crypto Hardware Wallet?

Trezor Model T – Next Gen Crypto Hardware Wallet? A cryptocurrency hardware wallet is a must have for all serious investors looking to use cryptos...
EOSBet Allegedly Becomes Victim of Another Crypto Hack, Now Twice in Just One Month

EOSBet Allegedly Becomes Victim of Another Crypto Hack, Now Twice in...

EOSBet has been the victim of a few hacks, which is to be expected in a dApp where consumers are already in a state...

Price Watch & Coin Technical Analysis

Bitcoin Cash (BCH) Daily Price Forecast – October 15

  BCH/USD Medium-term Trend: Bearish Supply zones: $600, $700, $800 Demand zones: $300, $200, $100 BCH is in a bearish trend in its medium-term outlook. The bearish pressure...

MONERO (XMR) Daily Price Forecast – October 15

XMR/USD Medium-term Trend: Ranging Resistance Levels: $115, $120, $125 Support Levels: $95, $90, $85 It’s necessary to recall that a major bearish trend occurred in the XMR/USD...

IOTA (MIOTA) Daily Price Forecast – October 15

IOTA/USD Medium-term Trend: Bullish Resistance Level: $0.60, $0.62, $0.64 Support Levels: $0.45, 0.43, $0.41   On October 9, a short bearish Japanese candlestick occurred with a top shadow...

EOS Daily Price Forecast – October 15

EOS/USD Medium-term Trend: Bearish Resistance levels: $ 6, $7, $8. Support levels: $5, $4, $3. Last week October 8, the price of EOS was in a bearish...

XRP Daily Price Forecast – October 15

XRP/USD Medium-term Trend: Bullish Resistance Levels: $ 0.61, $0.63, $ 0.65 Support Levels: $0.45, $0.43, $0.41 Last week, October 8, XRP price had been fluctuating below the...

Litecoin (LTC) Daily Price Forecast – October 15

LTC/USD Medium-term Trend: Bullish Resistance Levels: $66, $68, $70 Support Levels: $55, $53, $51 Last week, October 8, the price of Litecoin was in the resistance zone...

Ethereum (ETH) Daily Price Forecast – October 15

ETH/USD Medium-term Trend: Bullish Resistance Levels: $240, $260, $280 Support Levels: $200, $180, $160 Last week, October 8, the price of Ethereum was at the $230 price...

Bitcoin (BTC) Daily Price Forecast – October 15

BTC/USD Medium-term Trend: Bullish Resistance Levels: $7,000, $7,200, $7,400 Support levels: $6,800, $6,600, $6,400 Last week, October 8, the price of Bitcoin reached the high of $6703.11...

NEO Long-term Price Forecast

NEO/USD Long-term Trend – Ranging Distribution territories: $30, $50, $70. Accumulation territories: $12.50, $9.50, $6.50. There has not been much difference in the NEO/USD market valuation as...

MOST POPULAR CRYPTOCURRENCIES: TOP 10 LIVE COIN PRICES TODAY
TOP 10 LIVE COIN PRICES

Coin Market Cap provides direct cryptocurrency market capitalization data via an API, see all here.

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Moneynet ICO (MNC Token): Blockchain Social Network Service Rewards?

MoneyNet MoneyNet is an incentive social network that enables users to receive reasonable and fair rewards for values they make. This is possible through the...

Offerzone ICO (OFZ Token): Peer To Peer Blockchain Bidding Platform?

What Is Offerzone? OFFERZONE is a decentralized Pееr-tо-Pееr bidding platform, which is the first of its kind in the world operating the on blockchain technology. The...

Koilop ICO (KLP Token): Blockchain Marketplace For Freelancers?

What Is Koilop? Koilop is a decentralized online marketplace with a peer-to-peer system that implements blockchain technology to manage, create, and operate a tokenized cryptocurrency. Koilop...

What's On Pic ICO (AWT Token): Blockchain Store For Every Photo?

What Is What's On Pic? What’s On Pic is the first blockchain based platform that uses social network to make eCommerce easier by connecting buyers and...

S4FE Token ICO: Blockchain For Stolen, Lost And Found Items Platform?

What Is S4FE? S4FE is a blockchain-based database where users can register their assets and identify lost or stolen items. Some of the items that users...

HAB Token ICO: Smart And Secure Blockchain IoT Devices For Cities?

Hab is being touted as the blackbox for smart cities. Its developers have designed it to be used in securing critical data. This is...

Winnest ICO (WNC Token): Real Blockchain Crypto Innovation Marketplace?

What Is Winnest? Winnest is a genuine toolbox for a collaborative economist. This platform is a social marketplace where rentals, services, and products are offered with...

AltExch ICO (AEX Token): Secure Cryptocurrency Trading Exchange?

What Is AltExch? The Altexch platform has been designed to bring blockchain and cryptocurrency assets to the mass population through the use of a beautifully designed...

XResearch ICO (XRES Token): Legit Blockchain, Crypto And ICO Investing?

Are you still relying on guesswork when investing in ICOs, Blockchain, and cryptocurrencies? XResearch is here to help you with your investment issues. It is...

Melior ICO (MEL Token): Blockchain Artificial Intelligence For Ecommerce?

What Is Melior? Melior.AI is a solutions provider specializing in machine learning, artificial intelligence, competitive e-commerce models, and deep learning models. These are models aimed at...

dClinic ICO (DHC Token): Electronic Health Record Blockchain Project?

What Is dClinic? dClinic is a blockchain-based healthcare platform that combines real world assets such as hospitals and clinics with digital healthcare in order to provide...

InvestoLand ICO (INVE Token): Legit Cryptocurrency Investment Network?

What Is InvestoLand? Investoland seeks to introduce an ecosystem that will be used to connect investors and entrepreneurs from all over the world. It is an...

Festy ICO: Festivals Blockchain Crypto Payment And Loyalty System?

With Festy, you no longer have to worry about weak analytics, currency conversion fees, and accidental card problems. Cryptocurrency is today providing global citizens...

VAEON ICO (VAEO Token): Blockchain Personal Data Monetization Protocol?

What Is VAEON? Vaeon is a blockchain-based protocol that makes it possible for you to control your personal data, and any value that it may possess,...

Today's Top 5 Cryptocurrency Gainers

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Today's Top 5 Cryptocurrency Losers

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CryptoCurrency Events

Crypto Veterans Talk about Bitcoin's Bear Market at San Francisco Blockchain Week

Crypto Veterans Talk about Bitcoin's Bear Market at San Francisco Blockchain Week

The cryptocurrency industry has changed in just a year. There are many other investors, another feeling on the market, and new prospects for the...
CryptoEvent RIW: Russian Internet Week Blockchain Conference Nov 21-23

CryptoEvent RIW: Russian Internet Week Blockchain Conference Nov 21-23

What Is CryptoEvent RIW? Crypto event RIW is a massive international conference and exhibition event that will take place within the Russian internet week. The event...

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Crypto Exchanges

Coinbase Profits Overview: Top Crypto Company's Trading and Exchange Earning Model Examined

Coinbase Profits Overview: Top Crypto Company's Trading and Exchange Earning Model...

How Does Coinbase Make A Profit By Providing Trading Services? Coinbase is known for being one of the largest crypto exchanges in the world, and...
bluebelt

Bluebelt ICO (BBXC Token): Crypto Exchange For Security Token Fiat Trading?

The influx of blockchain products and cryptocurrencies like BItcoin have transformed how people conduct financial transactions, specifically offering new methods of paying and remitting...
Pixura

Pixura: Easy Way To Launch A Crypto Collectibles Marketplace?

What Is Pixura? Pixura is a tool kit for non-fungible marketplaces that makes it easy for users...
Era Swap Token

Era Swap Token (EST Coin): Social Crypto Trading Blockchain Marketplace?

What Is Era Swap? Eraswap is a platform that seeks to bring solutions for blockchain transactions and...
Minter Network

Minter Network (BIP Token): Legit Blockchain Cryptocurrency Project?

What Is Minter Network? Minter is a next generation currency that allows users to create their own...
ICOVO

ICOVO (OVO Token): Flawless Initial Coin Offering App For Free Coins?

ICOs have quickly come to get the most attention within the blockchain and cryptocurrency industries,...
Creary

Creary (CREA Token): Blockchain Social Rewards Network Coin?

What Is Creary? Creary is a decentralized social platform based on blockchain technology that is especially designed...
TokenBoost Review: Safe Crypto Coin Market-Making Liquidity Service?

TokenBoost: Safe Crypto Coin Market-Making Liquidity Service?

TokenBoost is an online platform that offers market-making services to ICO projects, which increase the...

Cryptocurrency Wallets

SaveNode

SaveNode (SNO Coin): Easy To Use Cryptocurrency Investing Wallet?

What Is SaveNode? SAVENODE is a platform that allows its users to easily invest in multiple digital assets through its mobile application that is very intuitive,...
blockchain webhook

Blockchain WebHooks: Simple API For Monitoring Bitcoin Wallet Addresses

The blockchain environment is a highly transactional one and most usage patterns demand knowing when events occur. These events could be anything like unconfirmed...

CryptoCurrency Must Read

Learn About CryptoCurrency

bitcoin vs bitcoin cash vs bitcoin gold

BTC Vs BCH Vs BTG – Bitcoin, Bitcoin Cash & Bitcoin...

Within days, we could have three versions of bitcoin, including Bitcoin (BTC), Bitcoin Cash (BCH), and Bitcoin Gold (BTG). What’s the difference between these...
top-bitcoin-books-articles-n-resources

Top 10 Bitcoin Books, Articles & Cryptocurrency Learning Resources

Bitcoin has dawned a new era of financial literacy and inclusion. The decentralized blockchain distributed ledger cryptocurrency technology and applications are starting to gain...

Top 7 Bitcoin Debit Cards – Compare Best Ways To Access...

Bitcoin is now a little over eight years old, and has experienced an extremely swift rise in value. As a result, the cryptocurrency has...
Top 3 Bitcoin Investment Apps

Top 3 Bitcoin Investment Apps – Mobile Cryptocurrency Trading?

Bitcoin and cryptocurrencies are a highly lucrative and dynamic investment that can provide a significant profit. There are many different techniques used to track...
top-bitcoin-documentaries-movies-n-films

Bitcoin Documentary Movies – Top 11 Crypto Blockchain Films?

Since the first transaction in 2008 there has been a high wave of curiosity surrounding Bitcoin. The peer to peer network system was developed by...

Most Popular Stories

Berlin Group Recycle Bot Telegram Considered a Crypto MLM Ponzi Scam

The Berlin Group Recycle Bot Telegram Considered A Ponzi Scheme Another Ponzi scheme has appeared in the virtual currency market. The Berlin Group, that operates...

Litecoin's Charlie Lee Praises Monero's Coin Privacy, Expresses Interest in LTC-XMR Merger

Charlie Lee, the founder of Litecoin, revealed in a recent interview that Monero is one of the most attention-grabbing digital currencies largely because of...

iCandy Interactive's CryptantCrab Blockchain Game (Crypto Mutant Crab) Launches with Bounty

The Pioneer Blockchain Game - CryptantCrab - Starts its Pre-sale with a Tempting Bounty Word on the street is that CryptantCrab - which is one...

Raido Financial Announces Crypto Wallet Updates and Prepares for Exchange Launch

Raido Financial is a company specializing in fintech solutions and it recently released an update that can attract a new audience and raise awareness...

Wirex App Twitter Poll Reveals Crypto Community’s Preference for XRP in Making Payments

Twitter Poll Reveals Crypto Community’s Preference for XRP in Making Payments According to a survey conducted by Wirex, the popularity of XRP in the crypto...

FactR (FTR Token) Releases New Blockchain Crypto Asset Wallet for Logistics and Freight

FactR: The New Tokenized Digital Wallet for Use in a New Logistics Platform FactR has always had a single mission—introduce the concept of a decentralized...

WealthBlock.AI Releases New Cryptocurrency Investment Token ‘TRIM'

WealthBlock Release TRIM Token Financial tech firm WealthBlock.AI applies the power of blockchain technology so that it can transform how people access and invest in...

TokenIQ Blockchain SaaS President Aleksander Dyo Says SEC Crackdown is Good for Crypto

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Zebpay Targets Europe’s Growing Crypto Market, Opens Zebpay VFA Exchange Malta Subsidiary

Zebpay Targets Europe’s Growing Crypto Market With Its Newly Opened Malta-based Subsidiary Zebpay, a Singapore-based crypto start-up recently scaled up to offer its digital wallet...

Neptune Dash's New Pooled Dash Masternodes Allows Users to Profit by Sharing Blockchain Power

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IOTA Wants to Boost Tangle Projects, Plans for Smart Contract Creation to Crowdfund Platforms

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Barry Sibert Downplays ICO Model, Comments on Wall Street's Real Crypto Perspective

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EQUI Global Blockchain Venture Capital Fund Launches by Steve Wozniak, Apple's Co-Founder

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BITCOIN: A BLOCKCHAIN CRYPTOCURRENCY

Bitcoin is a cryptocurrency built on blockchain distributed ledger technology. Bitcoin is a peer to peer electronic cash made possible by a decentralized database. It acts as public accounting system layered on a distributed network for all to nodes to witness and users to verify. Bitcoin was the first ever true electronic value transfer of a currency in the world's history.

It is being called a better-than-gold equivalent store of value and a medium of exchange to rival Visa, Mastercard and Paypal. Its unit of account and predetermined characteristics of a finite supply (21 Million total bitcoin in circulation to avoid inflation) make bitcoin a trustless, permissionless and (will be) frictionless new world currency. It is uncensurable and unconfiscatable with high-fungibility. It is the programmable money paradigm that requires no third party intermediaries or centralized governance for all users to agree and accept terms of using it collectively.

What Is Bitcoin?

Bitcoin is a technology – its digital money backed by blockchain DLT – a robust international network of payments and transactional/mercantile exchanges that are completely decentralized and relies on community consensus voting mechanism for the longest/honest chain. It doesn’t depend on banks or governments to operate and its creator Satoshi Nakamoto is a group of ghosts. Bitcoin is virtual money that can be sent from any place in the world to another, instantaneously, securely and for minimal to no fees (almost like an email or instant message of today).

Bitcoin breathed new life into trying times amidst real estate housing bubble and fractional lending credit debacle and came into existence in October 2008 after the publication of a whitepaper titled, “Bitcoin: A Peer To Peer Electronic Cash System” (created by the author under the name of Satoshi Nakamoto).

Satoshi combined the knowledge of prior digital currency developments (see the Nakamoto Institute) such as HashCash and B Money and finally got all the pieces to the puzzle to fit. It was the first to succeed where these others failed to engineer a practical, autonomous decentralized peer to peer cryptocurrency that requires no central authority for money emission, validation of transactions or settlements.

The main innovation in Satoshi’s Bitcoin invention is the development of a distributed computational hashing system known as the “proof-of-work algorithm”. It conducts global transaction validations every 10 minutes, allowing the decentralized network technology to come to consensus agreement about the state of each transaction and whether the funds are valid and should be confirmed for being locked into the next block created.

4 Keys Of Innovation

The invention of Bitcoin represents the pinnacle of years of research in distributed systems and cryptography, it’s development combines 4 key innovations that make the existence of Bitcoin possible:

  • The Bitcoin Protocol – A decentralized peer to peer network.
  • The Blockchain – A public ledger to record all transactions.
  • A Distributed Mining System – decentralized mathematical currency issuance
  • Transaction Script – A decentralized transaction verification system.

There is much more to learn about the inner workings of the blockchain and how it all works, but right now we will do our best to build bite-sized bits of digestible digital currency content like how to buy it, trade it, invest it, store it, send it, spend it, receive it and even earn it.

BITCOIN: BASIC BUILDING BLOCKS

MINING

The Backbone Of Bitcoin

Mining is the skeleton framework that enables blockchain's coveted bitcoin cryptocurrency application to run properly. This open source process is how new bitcoin is added to the money supply and also verifies all transactions done using the peer to peer bitcoin network. The mining process serves to secure the bitcoin protocol from fraudulent transactions and ensures proper track of receiving and sending coins.

Miners provide petahash processing computer power (ASIC) to help validate transactions and ensure proper recording in the global ledger. On average a new block is mined every 10 minutes, adding those transactions to the global blockchain ledger, once confirmed and approved. Mining is what gives blockchain its ability to act as bitcoin's account system behind the scenes. Essentially miners and their computing power are responsible for holding together and securing the transaction network.

EXCHANGING

The Body Of Bitcoin

If mining is the backbone of bitcoin, exchanges are the body of bitcoin. The buying, selling, trading and investing in bitcoin are what gives cryptocurrencies its practical utility and universal appeal. There are a variety of specialized exchanges to buy bitcoins with funds from a bank account, debit card, credit card or Paypal. Buying bitcoin is simple to do and is the first step towards becoming an owner and user. The quickest way to get started with bitcoin is to sign up for a bitcoin exchange, where you can quickly buy, store and receive coins. Here’s the basic process you’ll need to follow:

  • Step 1) Open a Bitcoin Wallet/Exchange Account.
  • Step 2) Trade in fiat money for bitcoins.
  • Step 3) Transfer your Bitcoins to a secure private Bitcoin wallet.

That’s it! Below, we’ll explain more specific instructions – like tips on how to choose a good Bitcoin exchange and what to watch for.

WALLETS

The Brain Of Bitcoin

Bitcoin wallets allow the 'be your own bank' to become reality. Digital Wallets store a collection of cryptographic keys, each consisting of a private key and a public key. These keys are what you need to access a bitcoin address and spend your funds. To be absolutely accurate, you don't technically store bitcoins anywhere. What you store are the secure digital keys used to access your public bitcoin addresses and sign transactions. This information is stored in a bitcoin wallet. Wallets come in different forms, designed for different types of device.

You MUST have a wallet to get started using cryptocurrencies. A Bitcoin wallet is an app or program that allows you send and receive bitcoin. Wallets also keep track of your bitcoin balance which is held in one or more bitcoin addresses. Generally, wallets also have a feature that keeps a history of your bitcoin transactions.

HOW TO FIND A GOOD BITCOIN EXCHANGE?

There are several major Bitcoin exchanges, and there are several preferred exchanges. Different people have different needs, and multiple exchanges offer different services.

Your country and location also play a role when deciding which exchange to choose. Coinbase is the preferred leading exchange in the US and Europe for example, but if you are in Mexico Bitso is the best option to start. Check out our guide to opening a Bitcoin Exchange service account.

While researching Bitcoin exchanges, you’ll need to pay attention to important traits that separate good exchanges from bad ones. Pay attention to things like:

Security

Major Bitcoin exchanges face hacking attempts every day. Even leading exchanges have suffered leaks in the past. It’s part of dealing with some of the most talented hackers in the world. Nevertheless, you’ll want a Bitcoin exchange with strong security and a limited history of leaks.

Privacy

One of the best parts about buying Bitcoins is that you can do it with 100% privacy. However, the only real way to privately buy Bitcoins is with cash or a cash deposit. Not all exchanges support this. It’s easy to find exchanges that accept bank transfers, credit card payments, debit card payments, and PayPal, for example. However, each of these payment methods is tied to your personally-identifiable information. If you want to avoid being tracked, then you need an exchange that offers cash or cash deposit exchanges.

Fair Exchange Rates

One of the confusing parts about Bitcoin for newbies is the exchange rate. There is no “official” exchange rate for Bitcoin into world currencies. Instead, Bitcoin prices are based on the average price of Bitcoin across all exchanges. One reliable site for Bitcoin averages is Coindesk.com. Make sure the exchange you choose has a fair exchange rate based on the current price.

Fees

Bitcoin exchanges all have fees. You’ll typically see a deposit and withdrawal fee, for example, as well as a fee per exchange. Some exchanges will substantially reduce – or even eliminate – fees if you trade a lot of Bitcoins.

Purchase Limits

Most Bitcoin exchanges have no limits. If you have enough money, you can buy as much Bitcoin as you want. However, certain exchanges do have limits. If you’re working with an individual seller, then that individual may have lower limits than an exchange. Unless you’re buying more than, say, 25 Bitcoins, you shouldn’t have trouble with purchase limits.

Liquidity

One of the best parts about buying Bitcoins is that you can do it with 100% privacy. However, the only real way to privately buy Bitcoins is with cash or a cash deposit. Not all exchanges support this. It’s easy to find exchanges that accept bank transfers, credit card payments, debit card payments, and PayPal, for example. However, each of these payment methods is tied to your personally-identifiable information. If you want to avoid being tracked, then you need an exchange that offers cash or cash deposit exchanges.

Reputation

Try to pick a trusted, long-standing Bitcoin exchange. Sure, some new Bitcoin exchanges might offer lower rates and better service – but until they’ve built a good reputation over time, you should stick with the known exchanges.

Selection

Focus on exchanges that have a wide selection of Altcoins and pairings. You want to have the stable coins as well as access to Altcoins fresh out of their Initial Coin Offering (ICO).

HOW TO SETUP A BITCOIN WALLET?

With a Bitcoin wallet, you can receive, store, and spend Bitcoins. Bitcoin wallets aren’t like conventional wallets: they can be apps, websites, devices, or software programs. These wallets contain private keys that give you access to your coins. Many bitcoin exchanges offer Bitcoin wallets when you sign up, for example. Other people hold physical Bitcoin wallets – or even physical Bitcoins – as a way to store their cryptocurrency.

There are many different wallets across various platforms. While they all share certain basic functionality, features vary from one wallet to the other so it’s worth learning more about How to Choose a Bitcoin Wallet before downloading the wallet of your choice. Wallets are necessary to carry and store bitcoins. Of course some exchanges may serve simultaneously as wallets but is always best to have a private secure wallet to store your coins after purchasing from an exchange.

The two main types of Bitcoin wallets available today include:

HARDWARE WALLETS

These are physical electronic devices – similar to a USB stick or thumb drive – built for the sole purpose of managing your Bitcoins.

Many people like hardware wallets because they perform like physical wallets: you need to connect your wallet to a computer, phone, or tablet in order to spend the Bitcoins inside.

Popular hardware wallets include the KeepKey, Trezor, and Ledger Nano S.

Protecting Your Cryptocurrency Investments

The only way to lose Bitcoins through a hardware wallet is if someone steals your wallet. Even then, you can protect your hardware wallet with a PIN code. And, if you lose your wallet for any reason, you can use a secret backup code to maintain access to your Bitcoins.

The only real downside of hardware wallets is they’re not free. You have to pay for the physical device. Expect to pay between $50 and $100 for a good Bitcoin wallet – although cheaper options are available for under $20.

Some hardware wallets:

HOT WALLETS

Hot Bitcoin wallets are apps or software programs found on smartphones, tablets, or computers. Hot wallets generate your private Bitcoin keys.

Hot wallets are typically seen as the easiest way to store and spend Bitcoins, but security is a concern. Those who own a lot of Bitcoins typically use hot wallets to store a small amount of Bitcoins, while using hardware wallets for their main Bitcoin fund.

HOW TO BUY BITCOINS?

DEBIT OR CREDIT CARDS

This tends to be the most popular method of buying Bitcoins. After all, most people have a credit or debit card, and are familiar with how to use them. Buying Bitcoins with a credit or debit card also means you instantly gain access to your Bitcoins. The downside with credit/debit card Bitcoin purchases is that exchanges typically charge higher fees. The other problem is that your Bitcoins are tied to your personal information. You need to prove your ID to buy Bitcoins with a credit card.

Popular exchanges for credit/debit card Bitcoin purchases include Coinbase, Coinmama, CEX.io, and BitPanda. Coinbase is only available in the United States, Canada, Europe, and Singapore; BitPanda is only available in Europe. CEX and Coinmama are both global exchanges.

BANK TRANSFERS

Bank transfers are the preferred way to buy a large amount of Bitcoin. Exchanges also typically charge lower fees for bank transfers compared to credit or debit card transfers. The main downsides of a bank transfer are the slow speeds (takes about 5 business days to complete, in some cases) and the ID verification. Just like with credit or debit card purchases, your ID is tied to your Bitcoins. Coinbase, BitPanda, and Gemini all allow Bitcoin purchases with bank transfers.

CASH

Cash is the preferred method for those who want to deal with Bitcoins anonymously. A cash deposit lets you access your Bitcoins quickly (even instantly) while remaining totally anonymous. There are some major downsides with cash exchanges. You’ll almost always pay higher rates (expect to pay 10 to 15% above market rates for a cash exchange). It’s also easier to get scammed or robbed. If you’re working with a disreputable exchange, then your cash might disappear with no record.

If you want to use cash to purchase Bitcoins, use services like LocalBitcoins, BitQuick, or Wall of Coins. However, the best method may be to find a Bitcoin ATM in your local area. Every major city in the world has a Bitcoin ATM. New York City has about a dozen, for example. Even Bitcoin ATMs have a cash rate that’s 10 to 15% higher than the current exchange rate.

PAYPAL

PayPal doesn’t officially let you buy Bitcoins. Accessing Bitcoins through PayPal is difficult. In fact, PayPal’s terms of service explicitly forbids merchants from accepting PayPal payments for Bitcoins. However, there are some ways to get around this problem. You can buy digital items with PayPal, then sell those items for Bitcoin, for example. As an example, payment platforms like VirWoX let you buy Second Life Lindens (yes, the currency used in Second Life) with your PayPal balance, then trade those SLL for Bitcoins.

There are downsides: you lose more money by exchanging your money twice. There’s also the problem that PayPal could shut down your account if it discovers what you’re up to. Ultimately, the exchange fees with PayPal / Bitcoin transfers add up to about 10 or 12% – similar to what you pay for cash transfers.

WHEN TO BUY BITCOINS?

HOW TO TIME THE MARKET

What Time Of Day Should You Buy?

Bitcoin is traded 24 hours a day, 365 days a year. Bitcoin trading never stops. The price is constantly fluctuating. Like with most markets, it’s hard to time the Bitcoin exchange rate. You can use tools like Bitcoin Wisdom or Cryptowatch to analyze historical Bitcoin exchange rate data.

Many people are attracted to Bitcoin because they heard of people who bought hundreds of Bitcoins for $20 USD back when the cryptocurrency first hit the internet. Those people became millionaires overnight when the price of Bitcoin shot up. If you’re buying Bitcoin because you expect that type of success, then you’ll probably be disappointed. If you’re interested in that type of overnight success, however, then there is a chance that it can be found in the altcoin markets.

WHAT ARE ALTCOINS?

Altcoins Vs Bitcoin

When visiting Bitcoin exchanges and websites, you may see information about buying “altcoins”. Altcoins are cryptocurrencies other than Bitcoin. Bitcoin was the first cryptocurrency to become really popular. Since the rise of Bitcoin, however, hundreds of other cryptocurrencies have emerged. People invest in altcoins because they’re hoping for a Bitcoin-like rise in value. The vast majority of altcoins, however, have virtually no value.

In general, you should avoid buying currencies that go through sudden spikes and drops in price and volume. However, if you’re feeling brave, and don’t mind exposing yourself to risk, then certain altcoins are worth the price. A growing number of altcoins are accepted as online payments – just like Bitcoin.

HOW BLOCKCHAIN CRYPTOCURRENCY TECHNOLOGY WORKS?

Importance Of Blockchain Technology

The blockchain is an essential part of the cryptocurrency world. Without the blockchain, Bitcoin wouldn’t exist. The blockchain was created by Satoshi Nakamoto – the mysterious creator (or group or creators) behind Bitcoin. It’s an ingenious invention that has already changed the future of banking and global economics.

A blockchain allows digital information to be distributed – not copied. It’s the reason Bitcoin works as it does. As Quora.com explains, “blockchains create the backbone of a new type of internet”. It was first used to create Bitcoin, but blockchains are already being used in all corners of the tech world. Here’s the best definition of the blockchain, from Don & Alex Tapscott, authors of Blockchain Revolution (2016):

“THE BLOCKCHAIN IS AN INCORRUPTIBLE DIGITAL LEDGER OF ECONOMIC TRANSACTIONS THAT CAN BE PROGRAMMED TO RECORD NOT JUST FINANCIAL TRANSACTIONS BUT VIRTUALLY EVERYTHING OF VALUE.”

What Is Blockchain Technology?

In a more simplified sense, picture an Excel Spreadsheet that’s duplicated thousands of times across a network of computers. Now, imagine that the network is programmed to constantly update all of those spreadsheets simultaneously. That’s basically what a blockchain is. It’s like Google Docs for banking.

The blockchain consists of a shared database. That database isn’t stored on any single person’s computer. There’s no centralized version of the blockchain. The blockchain exists everywhere at the same time – which means the information on the blockchain is public and easy to verify. With the blockchain found on millions of computers worldwide, it’s easy for anyone to verify information on the blockchain. All you need is an internet connection.

Bitcoin and its blockchain were first invented in 2008. Amazingly, since 2008, the Bitcoin blockchain has operated without any significant disruption. It’s proven itself to be transparent and incorruptible over the years. About every 10 minutes, a new “page” or “block” of valid transactions is confirmed through the Bitcoin blockchain. That means new files need to be added to the files on all the computers.

PARTS OF THE BLOCKCHAIN

What Makes Up A Blockchain?

The blockchain is essentially a network of “nodes”. A node is an individual computer connected to the blockchain network. Each node gets a copy of the blockchain. That copy is automatically downloaded when you join the blockchain network. As part of the blockchain network, each node also has the job of validating and relaying transactions on the blockchain. Each node is a blockchain administrator.

Why would someone become a node? Each node has a chance of winning Bitcoins. Each node is constantly solving computational puzzles. You know how people talk about Bitcoin mining? Essentially, Bitcoin mining is just using a powerful computer to solve algorithms.

FUTURE USES OF BLOCKCHAIN

How Can Blockchain Technology Be Used In The Future?

Bitcoin was the first major use for the blockchain – but it certainly won’t be the last. The potential for blockchain technology is enormous. The biggest implications for the blockchain are on the world of finance.

Blockchains could cut out the middleman for money transfers, for example. That could facilitate the transfer of money worldwide. Instead of having a middleman – like a bank – charging money for each transaction, we could use the blockchain to securely transfer money worldwide at minimal cost.

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