Cryptocurrency has been around for a few years, but the details known about it are still a little scarce, unless the investor is heavily invested in the corporate world. However, this type of distance has made the various platforms a little out of touch for consumers.
Some cryptocurrencies have different rules and ways to exchange, but cryptocurrency as a whole is a little easier to understand. Rather than going to multiple different sources, Cryptoking provides an easily-understood source of details.
What is Cryptoking?
Cryptoking is not exactly the trading and profit-building option that consumers prefer to have with cryptocurrency. Instead, one of the biggest appeals about Cryptoking is the fact that they offer education to investors. Since every person has different levels of knowledge about trading and making a profit, the Cryptoking website offers multiple resources for consumers to get all of the details they need.
On the homepage alone, there are links to learn more about:
- Buying bitcoins, which includes all of the different methods available
- Buying altcoins, teaching the investor how to use other coin platforms, like Ripple and Dash
- Mining, which is one of the best ways to turn a profit
- Wallets, which are where the blockchain and any funds are stored
The website is due to have a page that is about cryptocurrency as a whole, but it is presently under construction.
Investors are able to use credit cards, debit cards, bank accounts, bank transfers, cash, PayPal (which incurs a 10% fee), Skrill (for European users), Neteller, and OKPay. SMS, Western Union, and Amazon gift cards are less profitable options, but they are usable.
For consumers that do not want to put any of their private information in, even with protection, there is a way to withhold identification, while still participating.
“Altcoin” seems to refer to anything that is not a Bitcoin. The website offers a long list of publicly traded platforms for consumers, which also includes links to each of their websites to make an exchange.
All mining involves is the use of various coins to add to the blockchains and the different investments. There is plenty of encryption involved, which means that consumers will be able to preserve their privacy during these investments.
This section of the website helps consumers learn to mine cryptocurrency for themselves, which requires the use of a GPU/ASIC or CPU, but a CPU is not recommended. The amount of profit that consumers make will solely rely on electricity costs, hardware costs, and hash rate.
A wallet is simply a virtual storage place for the “funds” that an investor uses. On this portion of the website, the creators again include a list of participating platforms and links to find out the specific details on each one.
Since the majority of Cryptoking is about general information, and providing resources to go to for other details, consumers may still want some clarification. There is no phone number or email address, but consumers can find a form to send with their inquiry to https://www.cryptoking.io/contact/.
While Cryptoking is not a great place to go for the actual investment of coins, it is a good starting place for consumers that want to learn more information before they invest. There is plenty of different places to go from there, but the key to being successful in any industry is to have the most information. The use of Cryptoking is a step towards gaining a more comprehensive view of the crypto world.