Get Started With CryptoCurrency Today
Our Goal is to help you to get started with cryptocurrency. We will be posting guides on how to buy & sell cryptocurrency, but also news in the crypto space so you can stay updated.
About Us
Our Beliefs
We believe in a world with Blockchain technology. Blockchain is a better and safer way to record activity and keep data fresh, while maintaining a record of its history. The data cant’t be corrupted by anyone or accidentally deleted, and you benefit from both a historical trail of data, plus an instantly up-to-date record.
How You Can Get Started With CryptoCurrency
Coinbase
– Extremely user-friendly platform.
– Well-known and trusted by U.S. regulators.
– Multiple ways to purchase cryptocurrency.
– Expensive fees for transactions and payment methods
Binance
– Binance has a large selection of different cryptocurrencies (500) +
– Very user friendly. This makes it easy for someone who is completely new to crypto to get started.
– It has very low fees compared to the other crypto exchanges.
FTX
– Offers tradeable altcoin indices.
– 45+ leveraged tokens available.
– Very good platform for trading and leveraged positions.
– Has tokenized stocks.(TSLA,GME,AAPL ect.)
Which CryptoCurrency To Buy
Bitcoin(BTC)
Bitcoin has dominated the market since the first bitcoins were mined in January 2009. Prices surged to more than $62,000 in April 2021 for a market capitalization of more than $1 trillion – meaning Bitcoin accounted for more than 46% of the cryptocurrency market.
Bitcoin is widely recognized by hedge fund managers and banks now as a hedge against inflation and macroeconomic instability and Bitcoin is becoming the literal ‘gold standard’ within decentralized finance, where it is used as collateral for stablecoins, loans and more.
Ethereum(ETH)
One of the main philosophies behind cryptocurrencies is the decentralization of currency. Ethereum takes that a step further – rather than decentralizing money, its goal is to decentralize the internet by replacing servers with a worldwide system of nodes, creating “one computer for the entire world.” Ethereum is a software platform based on blockchain technology in which users can exchange a cryptocurrency called ether.
Ethereum has become one of the most popular cryptocurrencies in the world, with a market cap of more than $410 billion. The real draw is the platform itself: Ethereum’s recent success, with nearly 510% gains this year.
Cardano(ADA)
Cardano is one of the best performing cryptocurrencies in the market. For starters, the company’s enterprise platform lays out how Cardano is building a platform to accommodate usage in education, retail, finance, and healthcare. These industries face a common thread that pulls back from operating efficiently. And that is they have a high degree of centralization. We know one major reason why some cryptos are lacking mass adoption. It is because of low to zero real-world applications.
Where Do I Store My CryptoCurrency
Exchanges
We personally have most of our cryptocurrency on crypto exchanges beacuse it makes it easier to buy/sell and offers staking so we can safely stake our coins and earn interest. We are using the cryptocurrency exchange Binance for crypto staking.
Software Wallet
A software wallet is a bitcoin application that sits on your computer’s hard drive and allows you complete control and great security, because the cryptocurrency you hold is only accessible on your own computer. We recommend using the software wallet called Exodus. Link to their website here.
Cold Storage
cold storage refers to keeping your cryptocurrency completely offline. Cold storage, also known as a cold storage wallet, is the opposite of a hot wallet where your Bitcoin is kept online. By keeping your cryptocurrency in cold storage, your attack surface is greatly diminished.
Cryptocurrency Staking
What is Staking?
You may think of staking as a less resource intensive alternative to mining. It involves holding funds in a cryptocurrency wallet to support the security and operations of a blockchain network. Simply put, staking is the act of locking cryptocurrencies to receive rewards.
How does staking work?
Blockchains rely on mining to add new blocks to the blockchain. In contrast, Proof of Stake chains produce and validate new blocks through the process of staking. Staking involves validators who lock up their coins so they can be randomly selected by the protocol at specific intervals to create a block. Usually, participants that stake larger amounts have a higher chance of being chosen as the next block validator.This allows for blocks to be produced without relying on specialized mining hardware, such as ASICs. While ASIC mining requires a significant investment in hardware, staking requires a direct investment in the cryptocurrency itself.
How to stake on Binance?
You can think of holding your coins on Binance as adding them to a staking pool. However, there are no fees.
The only thing you have to do is hold your PoS coins on Binance, and all the technical requirements will be taken care of for you. The staking rewards are usually distributed at the start of each month.
You can also lock up your coins for 14 days, 30 days, 60 days or 90 days to get better deals when staking your coins.
Example: I got 10 000 Cardano(ADA) im staking and it gives me 7.79% APY (Locked up for 60 days). Im getting paid 2 ADA every day for 60 days just for having them locked and my plan is to hold them anyways, so im basically getting free ADA worth over 4$ every single day.
CryptoNews 