Cryptocurrency mining

Cryptocurrency mining is a game that has no end in this digital world. Bitcoin, the first decentralized currency introduced in early 2000. Cryptocurrency mining is a complex procedure of verifying transactions and adding them to the public ledger (blockchain). This book of past transactions is called a blockchain because it is a chain of blocks. Blockchain serves to confirm that transactions have occurred to the rest of the network. Blockchain is also responsible for releasing new bitcoins. Each of the many cryptocurrencies present depends on the basic idea of ​​the blockchain.

Mining process

Cryptocurrency needed to be decentralized, secure and unchanging. So, every transaction is encrypted. Once that encrypted transaction occurs, it is added to what many call a “block” until the settled number of transactions is recorded. That block is then added to the chain – the blockchain – which is publicly available. During the mining of cryptocurrencies, be it Bitcoin, Dash, Litecoin, Zcash, Ethereum and many more, the miner must put together recent transactions in blocks and break a difficult puzzle. There are several websites for bitcoin mining. It has become a very popular way of earning money.

Cryptocurrency is cryptographic, which means that it uses special encryption that allows you to control the generation of coins and confirm the transaction. The block is quite useless in its currently available form. However, after applying the algorithm to a specific block. After the match, the miner receives several bitcoins. To earn bitcoin by mining, a miner must be technical. Bitcoin mining for profit is very competitive. The price of bitcoin makes it difficult to make money without speculating on the price. The payment is based on how much their hardware has contributed to solving that puzzle. Miners verify transactions, ensure they are not fraudulent and keep infrastructure up to date.
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The best coins for the mine

Bitcoins are not a decent decision for beginner diggers who try on a small scale. Current prior speculation and maintenance costs, as well as the pure scientific trouble of the process, simply do not make it productive for customer-level hardware. Currently, bitcoin mining is saved for expansion activities, so to speak. Litecoins, Dogecoins and Feathercoins, again, are three script-based digital forms of money that are the best money-saving advantage for apprentices. According to Litecoin’s current estimate, a person can earn anywhere from 50 pence to $ 10 for each day using user-level mining hardware. Dogecoins and Feathercoins would bring slightly fewer benefits with similar mining hardware, but they are becoming more popular every day. Peercoins can also be a reasonably fair profit for your endeavor of time and vitality.

As more and more individuals join the rise of cryptocurrencies, your decision could become more difficult to mine as more expensive hardware will be needed to find the coin. You will be forced to either make a vigorous contribution in case you stay to mine that coin, or you will have to take your income and switch to less demanding cryptocoin. Understanding the 3 main bitcoin mining strategies is probably what you need to start with; This article focuses on coin scripting. Also, make sure you are in a country where bitcoin and bitcoin mining are legal.

The goal of mining

How about we focus on cryptocurrency mining. The whole focus of mining is to achieve three things:

1. Give accounting administrations a coin network. Mining is essentially every minute of everyday PC accounting called ‘transaction verification’.

2. Get a small reward for your accounting administration by accepting fractions of coins every few days.

3. Reduce your personal expenses, including electricity and hardware.

Some basic conditions

A free private database called a wallet with coins. This is a password-protected container that stores your earnings and keeps a large record of transactions. A free mining software package, similar to this one from AMD, usually consists of cgminer and stratum. Enrollment in a web-based mining pool, which is a community of miners who consolidate their computers to increase profitability and wage stability. Sign up for an online exchange, where you can exchange your virtual coins for conventional cash and vice versa. Reliable full-time web association, ideally 2 megabits for every second or higher speed. Location to install hardware in your basement or other cool and air-conditioned space.

Workspace or personalized computer for mining. True, you can use your current PC to get started, but you won’t have the capacity to use a PC while the digger is running. A separate dedicated PC is ideal. Tip: Do not use a laptop, game console or hand-held mining device. These devices are simply not successful enough to generate a salary. ATI graphics processing unit (GPU) or a specialized processing device called a mining ASIC chip. The price will be from $ 90 to $ 3000 new for each GPU or ASIC chip. The GPU or ASIC will be the workhorse to provide accounting administration and mining operations.

A home fan that blows cool air through your mining computer. Mining generates significant heat, and cooling hardware is key to your prosperity. Personal interest. You absolutely need a solid appetite for reading and constant learning, because there are constant changes in innovation and new methods to upgrade coin mining. The best coin mine workers invest hours consistently considering the most ideal ways to adjust and improve their coin mining performance.
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Profitability of cryptocurrency mining Every time a mathematical question is understood, a constant amount of Bitcoin is created. The amount of bitcoins generated per block starts at 50 and is halved every 210,000 blocks (about four years). The current number of allocated Bitcoins per block is 12.5. The last halving was in July 2016, and the next will be 2020. Profitability estimates can be made using a variety of online mining calculators. The development of digital currency standards, for example, Bitcoin, Ethereum and Bitcoin Cash, has spurred huge undertakings by companies and this is needed to help significantly develop the market in the near future.

Cryptocurrency mining is a computationally intensive process, which requires a network of several computers to verify transaction records, known as a blockchain. Excavators are offered a share of the transaction costs and are more likely to find another block through the contribution of high computational power. These support transactions help provide improved security to network clients and guarantee honesty, which is believed to be a visible factor influencing the development of the global cryptocurrency mining market.


The future of Bitcoin

The world has been changing rapidly lately, as has the currency system. With the use of cryptocurrencies such as Bitcoin in vogue, people are curious to assess the possible future of Bitcoin that needs to be determined and backed up by facts and astute rationality.
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In 2009, a new currency concept emerged that was introduced to the financial world. It was a little confusing for people, but within a year or two, it emerged as a trend. Today, more and more people and businesses are using Bitcoin for a variety of reasons. The digital currency is still undergoing regular updates to improve in every possible way.
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People around the world have become quite aware of cryptocurrency. Moreover, there are many more expert opinions about it. It is quite common to find that currency experts who are pro-bitcoins believe that the currency is expected to reach between $ 250,000 and $ 500,000 for each coin in the next few years.
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On the other hand, you will find several recognized financial analysts and experts who do not hesitate to warn people about the problems they might face when investing in Bitcoin. Experts accept the fact that this currency called Bitcoin and other cryptocurrencies can have a lot to give to the public, but the day is not far when people who invest will suffer and get a significant blow.
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There are several advantages and disadvantages of Bitcoin. If the shortcomings are remedied, there is a good chance that the entire international financial system will undergo a transformation. Let’s take a look at them:
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• You really have complete control over the money and can send and receive any amount 24×7. This is possible because transactions are not executed by central or commercial banks or any centralized organization.
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• Transaction fee is minimal compared to any other online money transaction. The mining service that records transactions on the blockchain in question actually charges quite low fees.

• Since personal data is not traded, it is the most secure way to transfer money. Moreover, there are no problems.
• With minimal processing costs, everyone can rely on a reliable and fastest way to transfer money.

• Bitcoin is not affected by price fluctuations in any of the global economies, unlike other currencies.


• Bitcoin should be better held in global and local financial markets.

• Bitcoin price stability should be focused on more people and businesses using cryptocurrency.

• There is no guarantee yet on the purchasing power of Bitcoin, which could be provided to investors or users.

The future of Bitcoin is simply all about speculation
The disadvantages of bitcoin cannot be easily ignored, but it can be easily averted. With a stronger market presence and greater price stability, this may be the easiest type of online currency in the future. The future of Bitcoin is essentially nothing but speculation. There are positive responses from people around the world, and it has the potential to become the next big thing.
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Will crypto-based e-commerce destroy the dinosaur-style banking industry?

Banking as we know it, has existed since the first currencies were minted – perhaps even before that, in one form or another. Currency, especially coins, grew out of taxation. In the early days of the ancient empires, an annual tax on one pig may have been reasonable, but as empires expanded, this type of payment became less desirable.
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However, since the situation with Covid, not only did we seem to have moved into a “cashless” society (as one who wants to handle potentially “dirty money” in commerce), and with a “contactless” level of credit card transactions it has now risen to £ 45, and now even small transactions that are accepted, such as a daily newspaper or a bottle of milk, are paid for by card.
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Did you know that over 5,000 cryptocurrencies are already in use and that Bitcoin is high on that list? Bitcoin, in particular, has a very unstable trading history since it was first created in 2009. This digital cryptocurrency has experienced many stocks in its rather short lifespan. Bitcoins were initially traded almost for nothing. The first real price increase occurred in July 2010 when the value of bitcoin went from about $ 0.0008 to about $ 10,000 or more, for one coin. This currency has since experienced some major ups and downs. However, with the introduction of so-called “stable” coins – those that support the US dollar, or even gold, this cryptocurrency volatility can now be brought under control.
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But before we explore this new form of e-commerce based on crypto-commerce, as a method of controlling and using our assets, including our “FIAT” currencies, let’s first look at how banks themselves have changed in the last 50 years or so.

Who remembers a good old checkbook? Before bank debit cards appeared, in 1987, checks were the main way to transfer funds to others, in commercial transactions. Then, with bank debit cards, together with ATMs, taking over someone’s FIAT assets became much faster, for online commercial transactions.
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A problem that has always been present with banks is that most of us need at least 2 personal bank accounts (current account and savings account), and one for each business we own. Also, trying to “quickly” transfer money from your bank account to say a destination abroad, was something like SWIFT!
The second issue was cost. Not only did we have to pay a regular fee for services in each bank account, but we also had a hefty fee for each transaction, and of course, in very rare cases we would not receive any interest payable on the money in our current account. Invoice.

on top of that, Overnight Trading, every night, using professional financial traders (or, later, artificial intelligence trading systems (AI), would trade all OUR assets, and with economies of scale, the Banks became the main earner of our property – but not us! Take a look at the potential business that can be done by OVERNIGHT Trading.

So, to summarize, not only do banks charge a large fee for storing and moving our assets, using smart trading techniques, they also make huge profits from trading our money overnight, for which we see no benefit.

The other thing is – do you trust your bank with all your assets?

How about what the Bank of Scotland, which was the National Bank of Scotland and now owned by the Lloyds Banking Group, was recently marked in a September press release stating “Lloyds Bank property fraud – the most serious financial scandal of modern times. “

Why not google that website and then decide for yourself?

So, let’s now look at how a crypto-based E-Commerce system should work, and how the benefits that banks have enjoyed with OUR money can become a major profit center for asset owners – the US!

Day 10th In October 2020, a new large crypto-based e-commerce company will be launched – for FREE.

In short, FreeBay, based in Switzerland, is a company that incorporates its own Blockchain technology, with its own SAFE Crypto Coin (Based on V999 technology), and allows its members to transfer their FIAT assets to Gold Bullion, eliminating the need to involve any BANK.

V999: digital gold empowered by blockchain; digital token, supported by physical gold V999 Gold (V999) is a digital asset. Each token is supported by one tenth of a fine-grained gold bar, stored in vaults. If you own a V999, you own a basic physical gold that is kept in custody. In addition, FreeBay members can purchase packages that include powerful automatic intelligence-based trading robots.

So now, not only can you achieve complete independence from the standard BANK, but you can also trade, like the Bank, your digital gold assets, in the form of V999 Crypto tokens, on OVERNIGHT systems, only now do you, the property owner, get the reward, not the bank.

But there is another big advantage in trading V999 tokens. As you would be Generic the owner of the token, so that, like banks, every time a V999 token is traded (ie sold), for example, to buy Bitcoin, or any other cryptocurrency, a transaction fee is charged. Each time a transaction occurs, the generic owner of the V999 token receives a small percentage of that fee.

Note that when a trade occurs and the V999 token is sold, in exchange for bitcoin or any other crypto coin, a small percentage of that transaction fee is paid on GENERIC OWNER tog token (i.e. VI). Because Freebay’s goal is to make the V999 token one of the most sought after secure crypto coins, even after your token has been sold to another merchant, because you’re still Generic owner of the V999 tokenwhenever this token is traded by any other trader, You are the generic owner of that token who receives a trading commission.

This not only could create great Passive income for you, for life, but subject to your descendants – and nowhere is a conventional bank involved.

So, the more V999 tokens you buy and get into circulation, the bigger and better with your residual income – not only for your life, but probably also for your dependent members – it could become a reality.

Interested enough to find out more? Then click here.

Ways of investing for capital gains

6 Ways to Make Capital Gains

There are basically two types of investment income. Capital gains and investment income.

Investment income is the income you receive from assets, examples of investment income are interest on savings, annuity on assets and dividends on shares.

Capital gains are the increased value of assets; Examples of capital gains is the increased value of assets, stocks and other assets.

Some investments yield capital gains but not income; examples of this are precious metals such as gold, bitcoin, antiques and other collectibles.

Here are the investments that provide capital gains:

The Sharemarket

The stock market offers great opportunities for capital gains. For most people, investing directly in markets is not an option because transaction fees that are raised once to buy and sell stocks do not pay off, however, there are many managed funds in which investors with limited funds can participate. The stock in New Zealand is one. Investors can invest money in Sharesies markets and there is the possibility of investing in different funds or individual companies. Other similar types of platforms in New Zealand are Investnow, Kernelwealth and Hatch. These, however, are not the only ones.

Your retirement plan invests in managed (mutual funds) and they are also a form of capital gain. It is not easy to join Kiwisaver in New Zealand. Kiwisaver is a New Zealand pension scheme.

Real estate

The real estate market has been a popular Captain Gains tool for many investors who use not only their own money but also other people’s money in the form of loans. The income is realized from the annuity with which the mortgage is paid. All related costs are the most popular form of capital gain and it is easiest for a novice investor to get used to the market and learn as you go because there are several mutual funds available and the initial costs are minimal. Admission to stocks in New Zealand costs only $ 1, which gives you the opportunity to invest in managed funds or individual companies. This is a great way to deduct taxes. This type of investment can turn into a cream like stubborn tenants. If you are willing to take a risk then this investment may suit you.

Your own home is a good source of capital gain if you plan to sell at some point.

Another way to enter the real estate ladder is to buy shares of real estate investment companies in the stock market. This can be achieved by investing in individual companies or managed funds that invest in assets.

Compound interest

You’ve probably heard of compound interest; this is when you invest in fixed-term accounts for x% interest. Instead of receiving your interest on your bank account, you allow it to be added to your principal and earn interest on the principal and previous interest. This is called compound interest.

Increasing your capital is called “Capital Gains”.

Interest rates are currently very low (2020); in some cases lower than the inflation rate which makes this type of investment less attractive. Therefore, it is important to perform your due diligence and not be lured by a financial company that offers higher interest rates than usual, because with higher interest rates comes higher risk. These financial companies that offer higher interest rates give loans to borrowers with higher risk.

I’m not saying that you shouldn’t invest your money in these companies, but rather pay due attention and at least diversify your portfolio, rather than investing all your life savings in one company.


This is purely speculative, but can be a good protection against falling markets. The only drawback of gold is finding a place to store it. Another way to invest in gold is to buy gold stocks on the stock market. Buying gold coins from auction sites such as eBay and Trademe is another option. As with other investments, it pays to do your homework and read everything you can about gold and other precious metals.

Crypto currency

Cryptocurrencies such as Bitcoin and the like should be treated as speculative investments, so invest in this only if you can afford to lose it. What I’m saying is that you use your discretionary income to buy cryptocurrency. This type of investment can be a party, but one piece of advice that can be useful is to not only buy all your cryptocurrency in one transaction, but do it on a weekly, biweekly or monthly basis to have a chance of making a purchase when the currency low. This is called averaging.

Collectibles / antiques

Investing in collectibles can give you a sense of satisfaction and profit when you intend to sell. You really need to know your stuff when dealing with antiques. Always remember, something is only worth as much as others are willing to pay. If someone is willing to pay $ 1,000 for a painting at auction then it is worth it, however, if another painting is sold at auction for only $ 10, then it is worth it. The value of something is just a matter of opinion.

Recently (2020) some of Banksy’s paintings sold for over $ 100,000 in New Zealand. The seller of the paintings paid a total of $ 500 in London (UK) a few years earlier. It just shows how someone’s eye for cheap can be profitable.

For smaller items such as postage stamps, banknotes, beer labels and so on, collectors can list their duplicates on auction websites to help fund their hobby.

6 Benefits of investing in cryptocurrencies

The birth of bitcoin in 2009 opened the door to investing in a completely new type of asset class – cryptocurrency. It entered space very early.

Intrigued by the huge potential of this young but promising asset, they bought cryptocurrencies at cheap prices. Accordingly, in 2017, they became millionaires / billionaires. Even those who did not invest much made a decent income.

Three years later, cryptocurrencies still remain profitable, and the market is here to stay. Maybe you are already an investor / trader or maybe you are thinking of trying your luck. In both cases, it makes sense to know the benefits of investing in cryptocurrencies.

Cryptocurrency has a bright future

According to a report called Imagine 2030, published by Deutsche Bank, credit and debit cards will become obsolete. Smartphones and other electronic devices will replace them.

Cryptocurrencies will no longer be seen as outcasts, but as an alternative to existing monetary systems. Their advantages, such as security, speed, minimum transaction fees, ease of storage and relevance in the digital age, will be recognized.

Specific regulatory guidelines would popularize cryptocurrencies and encourage their adoption. The report predicts that by 2030 there will be 200 million users of cryptocurrency wallets, and by 2035 almost 350 million.

An opportunity to be part of a growing community

WazirX’s #IndiaWantsCrypto the campaign was recently completed in 600 days. It has become a huge movement supporting the adoption of cryptocurrencies and blockchains in India.

Also, a recent Supreme Court ruling overturning RBI’s 2018 ban on crypto banking has instilled a new burst of confidence among Indian investors in bitcoin and cryptocurrencies.

The Edelman Trust Barometer report for 2020 also points to people’s growing faith in cryptocurrencies and blockchain technology. According to the findings, 73% of Indians believe in cryptocurrencies and blockchain technology. 60% say the impact of cryptocurrency / blockchain will be positive.

Because you are an investor in cryptocurrencies, you become part of a successful and fast-growing community.

Increased profit potential

Diversification is an essential rule for investment. Especially in these times when most assets have suffered heavy losses due to the economic hardships caused by the COVID-19 pandemic.

While investing in bitcoin has yielded a return of 26% since the beginning of the year to date, gold has returned 16%. Many other cryptocurrencies have registered three-digit ROI. Stock markets as we all know had poor performance. Crude oil prices fell below 0 in April.

Including bitcoin or any other cryptocurrency in your portfolio would protect the value of your fund in such uncertain global market situations. This fact was impressed by billionaire, macro hedge fund manager Paul Tudor Jones when he announced plans to invest in Bitcoin a month ago.

Cryptocurrency markets are included 24X7X365

Unlike conventional markets, cryptocurrency markets operate 24 hours a day, all days of the year without fatigue. This is because digital currency systems are essentially designed using pieces of software code that are protected by cryptography.

The operational plan does not include human interference. So, you are free to trade cryptocurrencies or invest in digital assets whenever you want. That’s a big benefit! Cryptocurrency markets are thus very efficient.

For example, Bitcoin has successfully processed transactions with 99.98% uptime since its inception in 2009.

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No paperwork or formality required

You can invest in bitcoin or any other cryptocurrency anywhere and anytime without any unnecessary conditions.

Unlike conventional investment options, where an absurdly large amount of documentation is required to prove yourself as an ‘accredited investor’, crypto-investing is free for everyone. In fact, that was the goal behind the emergence of cryptocurrencies. Democratization of finance / money.

To purchase any cryptocurrency at WazirX, you need to open an account for which you only need to provide some basic information including bank account information. Once confirmed, you can leave within a few hours.

Exclusive ownership of the investment

When you buy bitcoin or any other cryptocurrency, you become the sole owner of that particular digital asset. The transaction takes place in an equal arrangement.

Unlike bonds, mutual funds, stockbrokers, no third party ‘manages your investment’ for you. You decide to buy and sell whenever you want.

User autonomy is the biggest advantage of a cryptocurrency system that provides incredible opportunities to invest and build corpus on your core capital ‘independently’.

These were some of the benefits of investing in cryptocurrencies. We hope you find them useful and compelling enough to begin your journey of investing in cryptocurrencies.

Panaesha Capital Exchange (PCEX)

Introduction to PCEX

PCEX is a user-friendly cryptocurrency exchange that supports trading digital currency in digital currency and digital currency in fiat currency. With multiple layers of security frameworks, PCEX is one of the most secure crypto-exchanges in the world. The platform has a superior order matching mechanism and offers limited trading to allow customers to trade at the best price the market offers.

One of the biggest disadvantages of cryptocurrencies is the lack of liquidity; PCEX will form strategic partnerships to ensure high liquidity of client assets. The platform has the lowest transaction fees on the market to preserve traders ’profit margins.

PCEX brokerage / sub-brokerage channels

PCEX’s brokerage and sub-brokerage channels are some of the best services the platform offers.

The platform has a well-trained channel of brokers and sub-brokers equipped to instruct clients on digital currency best practices. The channel is also the link between customers and the platform.

As a broker / sub-broker, help your clients expand their revenue by leading them to the fastest growing market in the world; digital currency market. The crypto industry reached its peak in 2017-2018, growing into a $ 14 billion market with hundreds of investors. Known as the fastest growing industry in the current market, the crypto industry has the highest ROI among all investments, including stocks, real estate and mutual funds. As brokers and sub-brokers, win a share of this profitable market by helping your clients increase their profits exponentially.

Advantages of being a PCEX broker / subbroker

In addition to the opportunity to enter a booming industry, PCEX brokers and sub-brokers have several attractive advantages:

High brokerage fee: PCEX’s fee structure is prone to benefits brokers and sub-brokers, and less prone to profit-raising alone. By ensuring that agents are well paid, PCEX aims to expand the network to customers, not just initial profits.

Unlimited incentives: The platform offers significant incentives to brokers and sub-brokers for each individual service.

Market training: By joining PCEX, brokers and sub-brokers are entitled to free training of experts in this field. Panaesha Capital will equip agents with trading tricks to enable them to lead PCEX customers to successful crypto-trading.


Join the high-income cryptocurrency trading industry as a broker / sub-broker with PCEX. The platform has some of the best features on the market and offers users high liquidity and the lowest transaction fees. Earn high brokerage fees and attractive bonuses while helping your clients reach their maximum potential in crypto-commerce.

The best platforms for Bitcoin trading

Cryptocurrency has not only provided the fastest way to transfer money, but also a new entity for trade and earnings, apart from stocks and other commodities. Although you can sell and buy Bitcoin directly, you can also use Bitcoin trading exchanges to continue trading cryptocurrencies. There are many exchanges where bitcoin trading is safe and secure, and many expanded services have been made easier for customers. Since you are an investor or cryptocurrency trader, you can choose any of the stock exchanges for your convenience. However, it is recommended that you take a look at some reviews before giving up on one. Below is a brief overview of the best Bitcoin exchanges around the world.

CoinBase: It is probably one of the most reputable and largest exchanges for trading bitcoins with double trading directly and through a wallet. CoinBase was founded in 2012 as a venture invention of the Y-Combinator and has grown rapidly since then. There are many lucrative services such as multiple options for depositing and withdrawing cash, money transfers between two CoinBase are current, wallets with multiple signature options for more secure transfers, Bitcoin deposits are insured for any loss, etc. CoinBase has a wide range of payment partners in Europe and the US, which seamlessly allow transactions to take place through them. It has relatively low transaction fees and offers bitcoin trading along with a large number of Altcoin trades.

CEX.IO: One of the oldest and most reputable exchanges launched in 2013, London as a Bitcoin Trading Exchange and also as a facilitator for cloud mining. Later, its mining power grew so enormously that it held almost half of the network’s mining capacity; however, it is now closed. “CEX.IO” allows customers to expand to a much larger amount of Bitcoin stores and has the ability to immediately make Bitcoin available at the requested price. However, this exchange is subject to a slightly higher amount of exchange, but this is offset by the security and ability to enable a multi-currency transaction (dollar, euro and ruble) to purchase Bitcoin.

Bitfinex: It is one of the most advanced trading exchanges and is especially suitable for experienced cryptocurrency traders. With high liquidity for Ethereum as well as Bitcoin, this exchange has better options such as leverage, marginal financing and multi-account trading. In addition to this, Bitfinex offers customizable GUI features, many types of accounts, such as limit, stop, trailing stop, market, etc. This exchange also offers about 50 currency pairs that can be traded and with easy withdrawal for everyone. One of the largest exchanges in terms of trading volume Bitfinex offers pseudonymity for trades and requires identification for only some of the services. The only drawback of this exchange is that it does not support the purchase of Bitcoin or any other altcoin through fiat transactions.

Bitstamp: Founded in 2011, it is the oldest exchange that offers cryptocurrency and bitcoin trading. The most appreciated because, despite being the oldest, he has never been endangered until recently. Bitstamp currently supports four currencies Bitcoin, Ethereum, Litecoin and Ripple, and is also available with the mobile app, in addition to the trade website. It has excellent support for European users or merchants who have an account with Euro banks. Security is also advanced and cold storage type, which means that coins are stored offline. So you can say that it is completely impossible for any hacker to infiltrate. Finally, its complex user interface suggests it is not for beginners but for professionals and offers relatively low transaction fees.

Kraken: It is one of the largest stock exchanges for bitcoin trading in terms of liquidity, volume of crypto trading in euros and trading in Canadian dollars, US dollars and yen. Kraken is the most respected stock exchange run through the turmoil in cryptocurrency trading and has managed to keep the amounts of buyers regardless of whether other stock exchanges have been hacked at the same time. With 14+ cryptocurrency trading facilities, the user can deposit fiat as well as cryptocurrency along with similar withdrawal capacity. However, it is not suitable for beginners, but it has better security features and low transaction fees compared to CoinBase. The most important factor for Kraken is that he is trusted in the community and that he was the first to show the quantities and prices at the Bloomberg terminal.

Virtual currency games

The dream of every little boy (and many adult men) to make a living playing video games is closer to reality. The recent release of HunterCoin and VoidSpace in Development, games that reward players in digital currency rather than virtual princesses or gold stars, hints at a future in which someone’s score on the scoreboard could be rewarded in dollars, sterling, euros and yen .

The story of a millionaire (virtual) real estate agent …

Digital currencies are slowly becoming more mature, both in terms of functionality and in terms of financial infrastructure that allows them to be used as a credible alternative to the non-virtual fiat currency. Although Bitcoin, the first and most famous of the cryptocurrencies, was created in 2009, there are forms of virtual currencies that have been used in video games for more than 15 years. The 1997 Ultima Online was the first significant attempt to include a large-scale virtual economy in the game. Players could collect gold coins by performing tasks, fighting monsters and finding treasure and spending it on armor, weapons or real estate. This was an early incarnation of virtual currency in that it existed exclusively within the game, although it reflected the real world economy to the point that Ultima currency experienced inflation as a result of game mechanics that ensured an endless supply of killing monsters and thus gold coins. to collect.

Released in 1999, EverQuest took it a step further by playing virtual currencies, allowing players to trade virtual goods with each other in the game and although the game’s designer banned them from selling virtual items to each other on eBay. In the real-world phenomenon that was amusingly explored in Neal Stephenson’s 2011 novel Reamde, Chinese gamers or ‘golden farmers’ were hired to play EverQuest and other similar games full-time with the goal of gaining experience points to improve their characters. making them more powerful and sought after. These characters would then be sold on eBay to Western players who were unwilling or unable to invest hours to improve their characters. Based on the calculated EverQuest exchange rate as a result of real-world trading, Edward Castronova, a professor of telecommunications at Indiana University and a virtual currency expert, estimated that in 2002 EverQuest was the 77th richest country in the world, somewhere between Russia and Bulgaria and its GDP. per capita it was larger than the People’s Republic of China and India.

Launched in 2003 and reaching 1 million regular users by 2014, Second Life is perhaps the most complete example of a virtual economy to date in which it is a virtual currency, the Linden Dollar, that can be used to buy or sell goods and services in the game. be exchanged for real world currencies through market exchanges. Recorded $ 3.2 billion in in-game virtual goods transactions in the 10 years between 2002-13, Second Life became a market where players and companies alike could design, promote and sell the content they created. Real estate was a particularly lucrative commodity for trade, in 2006 Ailin Graef became a 1st Second Life millionaire when she turned an initial investment of $ 9.95 into over $ 1 million over 2.5 years through buying, selling and trading virtual real estate to other players . Examples such as Ailin are an exception to the rule, however, only 233 users were recorded who earned more than $ 5,000 from Second Life activities in 2009.

How to be paid in dollars for asteroid mining …

To date, the ability to generate non-virtual cash in video games has been of secondary design, the player must go through unauthorized channels to exchange his virtual booty or have to possess some degree of creative skill or business ability in the real world. which could be traded for cash. This could change with the advent of video games that are fundamentally built around the ‘waterworks’ of recognized digital currency platforms. The approach HunterCoin has taken is to ‘gamify’ what is typically a rather technical and automated process of creating digital currency. Unlike real currencies, which are created when printed by the central bank, digital currencies are created by users ‘holes’. The basic source code of a particular digital currency that allows it to function is called the blockchain, an online decentralized public ledger that records all transactions and currency exchanges between individuals. Since digital currency is nothing but intangible data, it is more prone to fraud than physical currency because it is possible to duplicate a unit of currency and thus cause inflation or change the value of a transaction after it is done for personal gain. To ensure that this does not happen, the blockchain is ‘supervised’ by volunteers or ‘miners’ who test the validity of each transaction made while using specialized hardware and software to ensure that the data is not unauthorized. This is an automated process for miners’ software, albeit extremely time consuming, which involves the high processing power of their computer. To reward the miner for verifying the transaction, the blockchain releases a new unit of digital currency and rewards them with it as an incentive to continue to maintain the network, thus creating a digital currency. Because it can take anything from a few days to years for an individual to successfully dig up coins, user groups combine their resources into a mining ‘pool’, using the combined processing power of their computers to speed up coin mining.

The HunterCoin game is located within such a blockchain for digital currency also called HunterCoin. The act of playing the game replaces the automated digital currency mining process and for the first time makes it manual and without the need for expensive hardware. Using strategy, time and teamwork, players embark on a map in search of coins, and when they find them and return safely to their base (other teams are there trying to stop them and steal their coins), they can cash their coins by depositing your digital wallet, usually an application designed to make and receive digital payments. 10% of the value of all coins deposited by players goes to the miners who maintain the HunterCoin blockchain plus a small percentage of all coins lost when the player is killed and their coins fall out. Although game graphics are basic and significant rewards take time to accumulate, HunterCoin is an experiment that could be considered the first video game with a built-in cash prize as a primary feature.

Although still in development, VoidSpace is a more refined approach to gaming in a functional economy. VoidSpace, an online multiplayer role-playing game (MMORPG), is set in a space where players explore an ever-growing universe, digging up natural resources such as asteroids and exchanging them for goods with other players to build their own galactic empire. Players will be rewarded for mining at DogeCoin, a more established form of digital currency currently widely used for micro payments on various social media sites. DogeCoin will also be the currency of in-game trading between players and in-game means of purchase. Like HunterCoin, DogeCoin is a legitimate and fully functional digital currency and like HunterCoin can be traded for both digital and real fiat currencies on stock exchanges like Poloniex.

The future of video games?

While these are early days in terms of quality, the release of HunterCoin and VoidSpace is an interesting indicator of what the next evolution of games could be. MMORPGs are currently being considered as ways to model epidemic outbreaks as a result of players ’reactions to unintentional plague reflecting recorded aspects of human behavior that are difficult to model for real-world epidemics. One might assume that in the end virtual economies in the game could be used as models to test economic theories and develop responses to huge failures based on observations of how players use real-value digital currency. It is also a good test for the functionality and potential applications of digital currencies that promise to move beyond mere means of exchange to exciting areas of personal digital ownership, for example. Meanwhile, players now have the means to translate hours in front of the screen into digital currency and then into dollars, sterling, euros or yen.

But before you leave your daily job …

… it is worth mentioning the current courses. It is estimated that a player could comfortably reimburse their initial registration fee of 1,005 HunterCoin (HUC) for joining a HunterCoin game during one day of play. Currently, HUC cannot be exchanged directly into USD, it needs to be converted into a common digital currency such as Bitcoin. At the time of writing, the HUC exchange rate for Bitcoin (BC) is 0.00001900, while the BC exchange rate for USD is 384.24 USD. 1 HUC traded in BC and then in USD, before any transaction fees were taken into account, would be equal to … 0.01 USD. This is not to say that as a player becomes more adept, he cannot increase his team of virtual CoinHunters and perhaps hire several ‘bot’ programs that would automatically play the game under the guise of another player and earn money for them. but I think it is safe to say that at the moment even such efforts can only realistically result in enough change for the daily McDonalds. Unless players are willing to engage in intrusive in-game advertising, share personal information, or join a game like CoinHunter built on the Bitcoin blockchain, the rewards are unlikely to ever be more than micro-payments for casual players. And maybe this is a good thing, because surely if you get paid for something it stops being a game more?

Definition of Bitcoin

Bitcoin is known as the first decentralized digital currency, they are basically coins that can be sent online. 2009 was the year bitcoin was born. The name of the creator is not known, but this person was given the alias Satoshi Nakamoto.

The benefits of Bitcoin.

Bitcoin transactions are performed directly from person to person via the Internet. There is no need for a bank or clearing house to act as an intermediary. Thanks to this, transaction fees are much lower, they can be used in all countries of the world. Bitcoin accounts cannot be frozen, there are no preconditions for opening them, as well as limits. Every day more and more traders start accepting them. You can buy whatever you want from them.

How Bitcoin works.

It is possible to exchange dollars, euros or other currencies into bitcoin. You can buy and sell like any other country currency. To keep your bitcoins, you need to store them in something called wallets. These wallets are located on your computer, mobile device or third party websites. Sending bitcoin is very easy. It’s as simple as sending an email. With bitcoins you can buy almost anything.

Why Bitcoin?

Bitcoin can be used anonymously to buy any type of goods. International payments are extremely simple and very cheap. The reason for this is that bitcoins are not actually tied to any country. They are not subject to any regulation. Small businesses love them because credit card fees are not included. There are people who buy bitcoins just for the purpose of investing, expecting them to raise their value.

Ways to acquire bitcoin.

1) Buy on the stock exchange: people are allowed to buy or sell bitcoins from sites called bitcoin exchanges. They do this using the currencies of their country or any other currency they have or love.

2) Transfers: people can only send bitcoins to each other via their mobile phones, computers or online platforms. It’s the same as sending cash digitally.

3) Mining: the network is provided by some people called miners. They are regularly rewarded for all newly verified transactions. These transactions are fully verified and then recorded in what is known as a public transparent book. These individuals compete in mining these bitcoins, using computer hardware to solve difficult mathematical problems. Miners invest a lot of money in hardware. Today there is something called cloud mining. Using cloud mining, miners only invest money in third-party websites, and those sites provide all the necessary infrastructure, reducing hardware and energy costs.

Storage and storage of bitcoin.

These bitcoins are stored in what are called digital wallets. These wallets exist in the cloud or in people’s computers. A wallet is something like a virtual bank account. These wallets allow people to send or receive bitcoins, pay for things or just keep bitcoins. Unlike bank accounts, these bitcoin wallets are never insured by the FDIC.

Types of wallets.

1) Cloud Wallet: The advantage of having a wallet in the cloud is that people do not have to install any software on their computers and wait for long synchronization processes. The downside is that the cloud can be hacked and people can lose their bitcoins. Still, these sites are very secure.

2) Wallet on the computer: The advantage of having a wallet on the computer is that people keep their bitcoins protected from the rest of the Internet. The downside is that people can delete them by formatting their computers or because of viruses.

Bitcoin Anonymity.

When performing a bitcoin transaction, there is no need to specify the real name of the person. Each of the bitcoin transactions that is recorded is what is known as a public diary. This diary contains only the wallet ID, not the names of the people. so basically every transaction is private. People can buy and sell things without tracking.

Bitcoin innovation.

Bitcoin has established a whole new way of innovation. Bitcoin software is completely open source, which means that anyone can view it. Today’s fact is that bitcoin is transforming world finances much like the web has changed everything about publishing. The concept is brilliant. When everyone has access to the entire global bitcoin market, new ideas emerge. Reducing transaction fees is a fact of bitcoin. Accepting bitcoins costs anything, and they are also very easy to set up. There is no refund. The Bitcoin community will create additional businesses of all kinds.

If you own the Iraqi dinar, selling it will not be easy

If you are among the thousands of people who bought the currency in Iraqi dinars in the hope of making a big profit, you may now be wondering what options exist to liquidate your dinar funds.

The investment dream in Iraqi dinars has existed for almost a decade. The dream promotes a multitude of websites that sell Iraqi currency – or actual physical currency packages – to “investors” by mail. The idea of ​​selling the sites reads as follows: “Before the Gulf War in the 1990s, one million dinars was worth 3,200,000 USD, today you can buy one million dinars for only 1,150.00 USD.” As the Iraqi economy progresses, the dinar is likely to be revalued. If the revaluation is at a level approaching the pre-war exchange rate, today’s small cash outlays could return millions to those smart enough to enter now. The vast resources of Iraqi oil, a well-educated population and guaranteed US aid for reconstruction make the purchase of the Iraqi dinar an almost certain bet. “

This reasoning proved convincing to thousands of people who decided to buy Iraqi currency.

But people who buy the Iraqi dinar are not buying a liquid investment that is actively traded; rather they buy a numismatic “collector’s item” that has very high transaction costs. For example, today you can expect to pay around $ 1,150 for 1,000,000 Iraqi dinars (IQD) currency from online dealers. The same 1,000,000 IQDs have an official exchange rate value of just $ 854 – a huge 30% margin. Dealers justify this margin by citing high costs of transporting and storing bundles of foreign exchange.

Similarly, if you own Iraqi currency and decide to convert your dinar back into US dollars, your options are limited and expensive. The One Dinar website publishes the following in its own question and answer page: Until markets for reselling Iraqi dinars develop, it may be difficult for you to liquidate your Iraqi dinars or exchange them for US dollars.

One option is to sell the currency back to the dealer in dinars. Typically, online dinar dealers advertising 1,000,000 IQDs for $ 1,110 are willing to pay $ 800 to buy the same 1,000,000 IQDs. In other words, when you drive a dinar off the market, it is currently worth 32% less in the eyes of the dealer who just sold it to you! Selling dinars back to the dealer is the option with the highest transaction cost, but with the least amount of problems.

Another option is to sell your property on eBay. With eBay, transaction costs should be 10% or less (meaning you could get $ 1,000 if your 1,000,000 IQD can bring in $ 1,100). (This eBay fee calculator will give you a good idea of ​​your transaction costs.) However, for newcomers, eBay can be intimidating and require a significant learning curve. You should also be aware that eBay has a very active community of Iraqi dinar dealers with whom you will compete directly.

The third option is to sell your dinar assets on Craigslist. Craigslist is free, easy to use and very effective for selling items. However, the audience is primarily local and the number of IQD lists is relatively small – even in the larger Craigslist communities.

The dream of the Iraqi dinar could one day become a reality for those investors who are willing to buy and hold the dinar in the long run. But people who want to liquidate their dinar funds today will probably have a significant loss on their “investments”.

What is Bitcoin?

Bitcoins have become a very well-known and popular form of currency over time. However, what exactly is Bitcoin? The following article will go through the in-s and outs of this currency that jumped out of nowhere and spread like wildfire. How is it different from normal currencies?

Bitcoin is a digital currency, it is not printed and never will be. They are kept electronic and no one has control over them. They are produced by people and companies, creating the first form of money known as cryptocurrency. While normal currencies are seen in the real world, Bitcoin passes through billions of computers around the world. From Bitcoin in the United States to Bitcoin in India, it has become a global currency. However, the biggest difference it has from other currencies is that it is decentralized. This means that no particular company or bank owns it.

Who created it?

Satoshi Nakamoto, a software developer, proposed and created Bitcoin. He saw it as a chance to have a new currency in the market without central government.

Who prints it?

As mentioned earlier, the simple answer is no one. Bitcoin is not a printed currency, it is a digital currency. You can even make transactions online using Bitcoin. So you can’t produce unlimited Bitcoins? Absolutely not, Bitcoin is designed to never “mine” more than 21 million Bitcoins in the world at once. Although they can be divided into smaller quantities. The hundred millionth part of Bitcoin is called “Satoshi”, after its creator.

What is Bitcoin based on?

For appearance and conventional use, Bitcoin is based on gold and silver. However, it is true that Bitcoin is actually based on pure mathematics. He also has nothing to hide because he is open source. So everyone can look at it to see if it works the way they claim.

What are the characteristics of Bitcoin?

1. As mentioned earlier, it is decentralized. It is not owned by any particular company or bank. Every software that Bitcoin miners makes a network and they work together. The theory was, and it worked, that if one network broke down, money would still flow.

2. Easy to install. You can set up a Bitcoin account in seconds, unlike big banks.

3. It is anonymous, at least in part, that your Bitcoin addresses are not associated with any type of personal information.

4. It is completely transparent, all transactions using Bitcoin are shown on a large chart, known as a blockchain, but no one knows that it is you because no name is associated with it.

5. Fees for transactions are small, and compared to bank fees, the rare and small fees charged for Bitcoin are almost non-existent. It’s fast, very fast. Wherever you send money, it will usually arrive in a few minutes after processing. It is undeniable, which means that once you submit your Bitcoins, they will disappear forever.

Bitcoin has greatly changed the world and the way we see money. Many people are wondering if it is possible to make a living from bitcoin. Some have even tried to do so. Despite that, Bitcoin is now part of our economy, a unique type of currency, and will not disappear soon.

4 benefits you can enjoy if you invest in Bitcoin

Bitcoin is a type of digital currency based on a peer-to-peer network. It was introduced in 2009. What distinguishes this type of currency from the common currency used is that it is not centralized or dependent on any banking or government body. However, Bitcoin offers many benefits. For example, it has lower transaction fees than conventional payment mechanisms. Let’s look at 4 benefits you can enjoy if you invest in Bitcoin. Read on to find out more.

Multiple use

Initially, Bitcoin users used currency to perform routine financial transactions without paying large fees. Since then, the currency has been used for many other purposes.

In fact, Bitcoin uses blockchain technology to facilitate digital transactions. Therefore, all transactions are first verified and validated. Moreover, all transactions can be viewed online through a database available on the blockchain page.

In addition, bitcoins can be used for digital trading of securities for land ownership, insurance claims and so on. However, it is important to keep in mind that these uses are in the development phase. Therefore, they have not yet become part of the mainstream.

However, the currency has been quite successful. It therefore brought a revolution to the entire industry. According to many researchers, the value of Bitcoin will continue to grow in the future. So it’s a great idea to invest in BTC if you want to earn a big return on your investment.

Expected gains

First of all, it is important to note that the potential gain is greater than the potential loss when it comes to investing money in Bitcoin. According to many cryptanalysts, Bitcoin will become an international currency in the future. In other words, the chances of losing money are less than the chances of making a significant profit. So, it is a somewhat safe investment.

If that happens, it will boost global trade. As a result, the value of Bitcoin will increase by 20,000 times its current value. However, this can only happen if this currency is recognized as a valid currency for domestic and international trade.

Interest on your investment

Because Bitcoin is taken as a type of commodity money, you can invest your Bitcoin just as you invest money in any business using traditional fiat money. Therefore, you can also earn interest on your invested money. In addition, you can sell your Bitcoins after their value increases.

Easy access

Interestingly, you don’t have to keep your Bitcoins for long to make money. Based on how much money people transfer to the Bitcoin network, you can make money in a short period of time.

To cut a long story short, it’s a great idea to invest in Bitcoin in 2019. Just keep an eye on the latest developments to take advantage of the opportunities available.

Beginner’s Guide: An Introduction to Cryptocurrencies

Introduction: Invest in cryptocurrencies

The first cryptocurrency to emerge was Bitcoin, which was built on Blockchain technology and was probably launched in 2009 by the mysterious person Satoshi Nakamoto. At the time of writing, 17 million bitcoins have been mined, and it is believed that a total of 21 million bitcoins could be mined. The other most popular cryptocurrencies are Ethereum, Litecoin, Ripple, Golem, Civic and Hard Fork Bitcoin such as Bitcoin Cash and Bitcoin Gold.

Users are advised not to put all their money into one cryptocurrency and try to avoid investing at the peak of the cryptocurrency bubble. It was noticed that the price dropped sharply when it was at the peak of the crypto bubble. Because cryptocurrency is an unstable market, users must invest an amount they can afford to lose because there is no government control over cryptocurrency because it is a decentralized cryptocurrency.

Steve Wozniak, co-founder of Apple, predicted that Bitcoin is real gold and will dominate all currencies like USD, EUR, INR and ASD in the future and become a global currency in the coming years.

Why and why not invest in cryptocurrencies?

Bitcoin was the first cryptocurrency to be created and after that about 1600+ cryptocurrencies were launched with some unique characteristics for each coin.

Some of the reasons I’ve experienced and would like to share, cryptocurrencies are created on a decentralized platform – so users don’t require a third party to transfer cryptocurrency from one destination to another, unlike fiat currency where a user needs a platform like Bank to transfer money from one count on others. Cryptocurrency built on very secure blockchain technology and almost no chance of hacking and stealing your cryptocurrencies until you share some critical information.

You should always avoid buying cryptocurrencies at the peak of the cryptocurrency bubble. Many of us buy cryptocurrencies at their peak in hopes of making money fast and falling victim to hype bubbles and losing their money. It is better for users to do a lot of research before investing money. It is always good to put your money in multiple cryptocurrencies instead of one as it has been observed that few cryptocurrencies grow higher, some on average if other cryptocurrencies go into the red zone.

Cryptocurrencies for focusing

In 2014, Bitcoin holds 90% of the market and other cryptocurrencies hold the remaining 10%. In 2017, Bitcoin still dominates the crypto market, but its share fell sharply from 90% to 38%, and Altcoins like Litecoin, Ethereum, Ripple grew rapidly and occupied most of the market.

Bitcoin still dominates the cryptocurrency market, but it is not the only cryptocurrency you need to consider when investing in cryptocurrencies. Some of the main cryptocurrencies you need to consider:









Where and how to buy cryptocurrencies?

Although it was not easy to buy cryptocurrencies a few years ago, users now have many platforms available.

India 2015 has two main bitcoin platforms Unocoin Wallet and Zebpay Wallet where users can buy and sell only bitcoin. Users must buy bitcoin only from the wallet, but not from another person. There was a difference in price in the buying and selling rate and users have to pay some nominal fee to complete their transactions.

In 2017, the cryptocurrency industry grew tremendously, and the price of Bitcoin rose spontaneously, especially in the last six months of 2017, forcing users to look for alternatives to Bitcoin and surpassing 14 lakhs in the Indian market.

How Unodax and Zebpay are the two main platforms in India that dominated the market with 90% market share – dealing only with Bitcoin. This gives other organizations the opportunity to grow with other altcoins and has even forced Unocoin and others to add more currency to their platform.

Unocoin, one of India’s leading cryptocurrency and blockchain companies, has launched an exclusive UnoDAX Exchange platform for its users to trade more cryptocurrencies besides Bitcoin trading in Unocoin. The difference between the two platforms was – Unocion provided instant bitcoin buying and selling only while on UnoDAX users can order any available cryptocurrency and if it matches the recipient, the order will be executed.

Other major exchanges available for cryptocurrency trading in India are Koinex, Coinsecure, Bitbns, WazirX.

Users must open an account in any stock exchange by logging in with an email ID and submitting KYC details. Once their account is verified, you can start trading coins of your choice.

Users need to research well before investing in any coin and not fall into the cryptocurrency bubble trap. Users need to explore the credibility of the exchange, transparency, security features and more.

All stock exchanges charge a nominal fee for each transaction. There are two types of fees – Maker fee and Taker fee. In addition to the transaction fee, you also need to pay a transfer fee if you want to transfer your cryptocurrencies to another exchange office or your private wallet. Fees depend solely on coins and exchanges, as different exchange offices have a price difference module for coin transfers.

Major Altcoins other than Bitcoin

As already mentioned, Bitcoin dominates the market with 38% market share, followed by Ripple, Ethereum, Litecoin, Bitcoin Cash. Stock exchanges like UnoDAX, Bitfinex, Kraken, Bitstamp have listed many other coins such as Golem, Civic, Raiden Network, Kyber Network, Basic Attention, 0X, Augur, Monero, Tron and many others. If any of the coins fit your portfolio, you need to buy it.

But you have to put money in the market that you can afford to lose because the cryptocurrency market is very volatile and no government has control over it.

When to buy?

There is no hard and fast rule when buying your favorite cryptocurrency. But market stability needs to be explored. You should not except at the peak of the cryptocurrency bubble or when the price is continuously falling. The best time is always considered when the price is stable at a relatively low level for some time.

Cryptocurrency storage method

Before buying any cryptocurrency, you need to understand how to keep your cryptocurrency safe.

In general, all exchanges provide storage space where you can safely store your coins. You may not share your user data, password, 2FA when holding cryptocurrency on stock exchanges.

Paper Wallet, Hardware Wallet, Software Wallet are some of the channels where you can store your cryptocurrency.

Paper Wallet: Paper wallet is an offline method of cold storage to store your cryptocurrency. It prints your private and public key on a piece of paper where the QR code is also printed. All you need to do is scan the QR code for your future transactions. Why is it safe? You don’t have to worry about hacking your account or attacking any malware. You just need to keep your piece of paper safe in the locker and if possible keep two to three pieces of paper in your wallet under complete control.

Hardware Wallet: A hardware wallet is a physical device where you keep cryptocurrencies safe. There are many forms of hardware wallet, but the most commonly used hardware wallet is USB. When you keep your cryptocurrency in your hardware wallet, you just need to keep in mind that you should not lose your hardware wallet because once you lose it you cannot get your cryptocurrency back.

One famous incident, where a person mined 7000+ bitcoins and stored them in his hardware wallet and kept it in another hardware wallet. One day he threw away a hardware wallet in which he stored his cryptocurrency instead of damaged hardware and lost all his bitcoin.

What can be bought from cryptocurrencies in India?

Most people assume that buying and selling any cryptocurrency is just for investing and achieving high returns in the long and short term. Influencers and bitcoin investors believe that in the coming years Bitcoin will dominate all fiat currencies and will be accepted as an international currency.

Dell is one of the largest e-commerce companies that accepts bitcoin as a payment. Expedia and UNICEF are other examples.

In India, Sapna Book Mall has accepted bitcoin as a payment using the Unocoin trading service. People booked cinema tickets through BookMyShow or charged their cell phones using the Unocoin platform. According to the report, they have terminated the service, but plan to restart it in the near future.


Cryptocurrency is one of the growing investment sectors and gave a good return on real estate, gold, stock exchanges, etc. in the past. You can buy cryptocurrency and keep it in the long run to get good returns or go for the short term for a quick profit as we have seen many coins grow at 1000% + in the past. Because cryptocurrency is an unstable market and there is no government control over the industry. One must invest the amount in any cryptocurrency he can afford to lose.

You can store your cryptocurrency in a hardware wallet, paper wallet, software wallet if you do not want to keep on the exchange from which you trade.