Latest Cryptocurrency Headlines

Smallest Fraction of Bitcoin (a Satoshi) Valuable as 5 Venezuelan Bolivars

A benefit in dealing with virtual money is the ability of splitting one coin into several fractions. Based on Google’s official exchange rate, the...

Infosys Finacle Partners with Seven Indian Banks to Form a Blockchain-Based Trade Network

A wide range of industries globally are embracing blockchain technology and using this transformative technology to make the business process more secure, efficient, and...

American Express Embraces Hyperledger Blockchain For its Rewards Program

American Express has taken the decision to partner with online retailer Boxed in order to integrate distributed ledger technology (DLT) into its rewards program....

Tron (TRX) Opensource Wallet DApp Is Being Developed by Marius Gill

A 19-year-old German developer has been the one in charge of creating Tron’s Opensource Wallet DApp. The name of this genius is Marius Gill,...

R3, TradeIX Marco Polo Trade Finance Initiative Gets Bangkok Bank To Join

Bangkok Bank is the latest institution to join R3’s Marco Polo trade finance initiative. Additionally to the blockchain start-up R3, the project has been...

Meet Kaleido: ConsenSys All-in-One Enterprise SaaS Platform For Private Blockchains

Blockchain is popular for various reasons – it is reliable, it allows for seamless tracking, and it makes smart contracts easier to agree to....

Revolut Adds Support To New Cryptocurrencies: Ripple (XRP) and Bitcoin Cash (BCH)

The recognized fintech company Revolut has added support to two important cryptocurrencies in the market, Ripple (XRP), and Bitcoin Cash (BCH). According to a...

TRON (TRX) Founder Justin Sun Looks For BitTorrent and µTorrent Acquisition

Justin Sun’s Interest in BitTorrent to Potentially lead to an Acquisition On May 25, TorrentFreak released the news regarding Justin Sun’s possible BitTorrent Acquisition. Before...
Tronscan V2 Gives Users Super Representatives Benefits in the Network

Tronscan V2 Gives Users Super Representatives Benefits in the Network

The Super Representative Election announced for June the 26th will be selecting 27 Super Representatives for the network that will help it growth. With...

Taklimakan TN Crypto 100 Index Created To Track Coins & Market...

Taklimakan has launched the TN Crypto 100 Index, a comprehensive analytics tool designed for financial services, specifically the crypto space. As expected, the index...


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

# Name Price Changes 1H Changes 24H Changes 7D Market Cap Volume 24H Available Supply Price Graph
$7,365.75-1.43%-1.09%-10.93%$125.64B$4.06B17.06M BTC
$589.46-1.43%1.25%-15.89%$58.76B$1.70B99.69M ETH
$0.61-0.56%1.09%-9.54%$24.04B$214.67M39.19B XRP
Bitcoin Cash
$1,011.26-0.82%0.2%-15.33%$17.34B$486.82M17.15M BCH
$12.46-0.84%2.41%-6.11%$10.98B$1.10B881.36M EOS
$118.63-1.14%0.03%-12.17%$6.73B$276.96M56.71M LTC
$0.284772-0.92%-0.86%-10.8%$5.29B$40.44M18.58B XLM
$0.197133-1.4%-1.02%-19.17%$5.11B$60.47M25.93B ADA
$0.073047-1.65%3.2%5.29%$4.80B$335.14M65.75B TRX
$1.48-1.19%-0.19%-16.09%$4.12B$47.92M2.78B MIOTA

BizzShare ICO (BRIX Token): Property-Backed Blockchain Lending & Investing?

What Is BizzShare? Bizzshare is a blockchain-powered platform for investment and credit purposes that wants to link people globally. The revolutionary Dapp will display all your...

Shanghai Cooperation Organization Coin ICO (SCO Token)

As anyone would take notice, cryptocurrencies are causing quite a stir in several media outlets, and it is pretty easy to see why they...

StoneToken ICO (STTN Coin): Real Asset-Backed Blockchain?

What Is StoneToken? StoneToken is a blockchain-based platform that will allow for the tokenization of real-time raw materials with the underlying assets ranging from crushed...

GlobeCas ICO (GCT Token): Livestream Casino & Entertainment Games?

The gambling sector is a multi-billion-dollar sector that is always growing every year. With the increasing technological advancements over the last decade, we have...

CoTrader ICO (COT Token): Blockchain Investment Funds Marketplace?

A good number of cryptocurrency enthusiasts do the hope of making profitable returns on the markets. However, most of the time it is quite...

MarsTerminal ICO (AMT Token): Crypto Arbitrage Trading Assistant?

Mars terminal is a robot program based on blockchain technology, and it is set to work on the stock exchange, cryptocurrency trading, and arbitration....

Global Risk Exchange ICO (RISK Token): GRE Blockchain Marketplace?

What Is Global Risk Exchange? GRE or Global Risk Exchange is a blockchain-based exchange market for risk. The aim is to assist individuals, companies, and organizations...

Hyperion Fund ICO (HWT Token): Blockchain Solar Energy Benefits?

What Is Hyperion Fund? Hyperion Fund is a blockchain-enabled platform that allows investors and private individuals to hold their own stake in the power plants found...

Vezet ICO (VZT Token): Decentralized Agricultural Blockchain?

What Is Vezet? Vezet is the first decentralized crowd-investment project for agriculture based on the Ethereum blockchain. To achieve its goals, this project will utilize the...

Shefo ICO (SFX Token): Legit Cryptocurrency & Blockchain Use?

What Is Shefo? Shefo is a decentralized token based on the blockchain technology. Its aim is to build a community system. The community system will have...

Kingcoin ICO (KGN Token): What We Found On This Cryptocurrency?

Presently, there are two powerful intermediaries that control operations in the travel booking sector. These are; Online Travel agencies (OTAs) and Global distribution systems...

BitStash Marketplace ICO (STASH Token): Buy & Sell Products With Crypto?

Got some cryptocurrencies to spend? The good news is that more sites have now started to integrate crypto payment options. One such solution is...

Riptide Coin ICO (RIPT Token): Medical Marijuana Cryptocurrency?

With blockchain technology being integrated into multiple areas, it was only a matter of time till it reached the medical marijuana industry. Riptide is...

Atlas Platform ICO (ATPL Token): Blockchain Development Program?

The democratization brought by blockchain technology is proving an essential factor in our economic advancement. However, with the approval of blockchain technology looming, some...

Today's Top 5 Cryptocurrency Gainers

NamePriceChanges 24H
BigONE Token
Morpheus Network

Today's Top 5 Cryptocurrency Losers

NamePriceChanges 24H
Super Bitcoin
Genaro Network

CryptoCurrency Events

The International Mining Conference | Vancouver, Canada

International Mining Investment Conference (IMIC) Vancouver Event Details

May 16, 2018, at 7:30 a.m. the Vancouver Convention Centre in British Columbia, Canada, opened its doors for the International Mining Investment Conference. This...
Bitfair made an Appearance at the 2018 Blockchain Summit

Bitfair Crypto Derivative Trading Platform Appears At Consensus 2018

At Consensus 2018 in New York Bitfair, introduced a derivative trading platform to the Cryptocurrency market. It is expected that CoinDesk will update on...

Stay Connected


Join Our Telegram News Group

Start Trading Today!

Mining Hardware & Software

Crypto Exchanges

Binance to Open Trading of TrueUSD (TUSD) Stablecoin at 4 AM UTC

LaunchPad Binance: How To Apply For Binance Token Listing Inclusion

Binance, one of the most important cryptocurrency exchanges in the market, offers the possibilities to ICOs to list their projects in their platform allowing...
CoinJar Exchange

CoinJar Exchange: High Frequency Cryptocurrency Trading?

As the digital currency craze catches on around the world, traders are seeking robustly secure, accessible, and reliable exchanges through which they can trade...
lightning network

Lightning Network: Scalable Instant Bitcoin Blockchain Transactions Guide

One of bitcoin’s major issues as it grew was scalability and the ability to handle...

Chronicled Blockchain: Smart IoT, AI & DLT Supply Chain Solutions?

Chronicled is a smart supply chain solution that can be used to secure exchange of...

Hilo: Decentralized Social Network For Cryptocurrency Traders?

What Is Hilo? Hilo is an upcoming social media site geared toward the cryptocurrency community. It aims...

Hopebook (DCF Token): Decentralized Financial Network Platform?

What Is Hopebook? Hopebook is a decentralized finance platform that will allow users to both lend and...
ZIXX Masternode Cryptocurrency

ZIXX Masternode Cryptocurrency: Premium Charity Projects Rewards?

Crypto-currency can be a bit complicated to navigate, but it doesn't have to be with...

Impleum: Open Source Decentralized Blockchain Applications?

Impleum is a new platform that will become an open ecosystem for decentralized apps based...

Cryptocurrency Wallets

JIBEX Wallet: Safe Cryptocurrency Trading Exchange Investing?

What Is JIBEX? Jibex is a “secure gateway to digital investment”, which is actually a fancy way of saying that this company is a cryptocurrency exchange....
EOS wallets for 2018

Best EOS Wallets: Top 2 Cold Storage Hardware & Top 3...

One of the top cryptocurrencies in the market, EOS is a user-friendly blockchain powered, ethereum based decentralized platform. Its unique selling point lies in...

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 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...

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

Nomopoly ICO (NOMO Token): Mobile Crypto Wallet Banking App?

It is evident that barely a day goes by without noticing the potential of blockchain technology to transform substantial industries within our economy, and...

VoltGo ICO (VGO Token): Automotive Superchargers Network?

Although blockchain within the energy sector is still in the infancy stage, it is undeniable that the fast pace it is revolutionizing the industry...

NYiGDE Token ICO: Decentralized E-Com Blockchain Marketplace?

What Is NYiGDE? NYiGDE is a blockchain-based ecosystem that works under smart contracts to provide for the automatic conversion of digital assets, and additionally, make it...

Bitacium ICO (XBCU Token): Blockchain Bullion Currency Exchange?

It is no doubt that cryptocurrencies and especially Bitcoin are the most popular currencies in the world right now. However, while they are easily...

WRIO Internet OS ICO (WGD Token): Blockchain Web Browser?

What Is WRIO Internet OS? WRIO Internet OS (WRIOS) is a blockchain-based Web 3.0 platform. With a primary objective of providing a net-generation browsing experience, this...

Kryptoboy ICO (KBC Token): Secure Crypto Lending Platform?

In this era of the blockchain revolution, intends to advocate for the mass adoption of cryptocurrencies and distributed ledger technology. Primarily, this projects...

ZNAQ Token ICO: Tradeable Cryptocurrency Index Coin?

Recently, there has a high proliferation of cryptocurrencies; there are over 1,300 to choose from. As a result, investors are often faced with a...

GlitzKoin ICO (GLT Token): Decentralized Diamond Industry Platform?

What Is GlitzKoin? GLITZKOIN is a blockchain-based projects that intends to revolutionize the diamond industry by leveraging smart contracts and machine learning. The startup is ran...

WTO Foundation ICO (WTO Token): Secure Digital Asset Platform?

As the digital assets craze catches on around the globe, more and more enterprises are looking for ways of using technological advancement to benefit...

SGV-G Technology ICO (SGV Token): Clean Energy Vacuum Generator Project?

For the continuous evolution of the human race, both the planet and the human race need global energy resource to conduct all kinds of...

DCentral Capital ICO (JUST Token): Ethical Venture Partnership?

If social entrepreneurs were to operate at scale, it is believed that they could tackle some of the pressing problems that people face globally....

Ommer ICO (OMR Token): Buy & Sell Cryptocurrency Exchange?

The cryptocurrency world has been increasing in popularity over the years with the number of investors increasing sharply. However, Central banks globally have been...

Airstayz ICO (STAY Token): Blockchain Hotel & Travel Solution?

What Is Airstayz? STAY has been considered by most as the currency of travel. The company has come to the market to terraform the current landscape...

Double Land ICO (DC Token): Economic Blockchain Game Simulation?

What Is Double Land? Double Land has been designed as the very first game that can simulate the real-world economy on the blockchain technology. It has...


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.



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.


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.


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.


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:


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.


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 Make sure the exchange you choose has a fair exchange rate based on the current price.


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.


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.


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.


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).


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:


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 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.



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,, 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 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 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 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.



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.


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.


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 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):


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.


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.


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.

Bitcoin Exchange Guide