Cryptocurrency Exchanges Explained
Cryptocurrency exchanges are online platforms where you can exchange one for another cryptocurrency (or for fiat currency). In other words, depending on the exchange, it is either like a stock exchange or a currency exchange (at the airport or bank).
In other ways, cryptocurrency exchanges work just like traditional exchanges. On many of these platforms, cryptocurrency buyers and sellers can make limit orders or market orders, and the brokering process works like it would for any other kind of asset. The cryptocurrency exchange helps with the transaction and collects the fees. The difference is the underlying asset bitcoin or Ethereum or some other cryptocurrency that does not have the same valuation properties as a national currency.
A Bitcoin wallet is a software program where Bitcoins are stored. To be technically accurate, Bitcoins are not stored anywhere; there is a private key (secret number) for every Bitcoin address that is saved in the Bitcoin wallet of the person who owns the balance. Bitcoin wallets facilitate sending and receiving Bitcoins and gives ownership of the Bitcoin balance to the user. The Bitcoin wallet comes in many forms; desktop, mobile, web and hardware are the four main types of wallets.
Below are links to proven services that will help to open your personal bitcoin wallet.
Bitcoin is in the news today more than ever. Thanks to skyrocketing prices and rollercoaster dips, everyone and their dog are interested in learning how to buy and sell Bitcoin. As the most popular form of cryptocurrency (and the blockchain technology that powers it) Bitcoin is now widely accepted around the world and has a growing number of applications. But before you can get into any of that, you need to first know where to go to purchase and store it.
There are a few steps you need to take to make your first purchase. First, Sign Up for a Bitcoin Wallet. The services listed below will help you make a profitable and safe purchase
If you want to know what Ethereum is, how it works, and what it can be used for, without going deep into the technical abyss, this guide is perfect for you.
Important Note: This guide assumes a basic understanding of blockchain technology. If you unfamiliar with blockchain, check out this step by step introduction for beginners.
What is Ethereum? A Guide
Beyond Bitcoin & first generation decentralized applications
Although commonly associated with Bitcoin, blockchain technology has many other applications that go way beyond digital currencies. In fact, Bitcoin is only one of several hundred applications that use blockchain technology today.
Until relatively recently, building blockchain applications has required a complex background in coding, cryptography, mathematics as well as significant resources. But times have changed. Previously unimagined applications, from electronic voting & digitally recorded property assets to regulatory compliance & trading are now actively being developed and deployed faster than ever before. By providing developers with the tools to build decentralized applications, Ethereum is making all of this possible.
Open the Etherium account as simply as Bitcoin, all useful information is in the links below.
How to Buy Ethereum
Purchasing Ethereum can be done easily at any of the Ethereum exchanges below. Once Ether has been purchased for fiat currency (USD, EUR, GBP etc), the funds can be stored on the exchange itself or in your own secure wallet. For small purchases of Ethereum, users may wish to store their crypto on the exchange for ease-of-use.
There are a few steps you need to take to make your first purchase. First, Sign Up for a Ethereum Wallet. The services listed below will help you make a profitable and safe purchase
What is a Litecoin Wallet?
If a wallet is where you keep your cash, then a Litecoin (LTC) wallet is where you keep and manage your Litecoins. To better understand this, I want you to think of your Litecoin wallet like you would your email account. With an email account, you can do various things with it like receive and send emails. A Litecoin(LTC) wallet is similar in that you can receive and send Litecoins through it as well. Your Litecoin wallet does 5 things specifically:
It creates private keys. It creates public keys derived from the private keys. It generates addresses from these public keys. It sends LTC by approving transactions. This happens by verifying transactions with a special signature created from your private key. It shares, or broadcasts, this information with the LTC blockchain network. Whats an Address? If a Litecoin wallet is like a gmail account, then the LTC address is like an email address. Just like how you send you emails to other peoples email addresses, you send LTC to their LTC address.
Open the Litecoin account as simply as Bitcoin, all useful information is in the links below.
How to buy Litecoin?
As one of the most popular alternative cryptocurrencies out there, Litecoin shows a lot of potential as a store of value and a potential investment option especially since its price fell towards the end of 2017. But in order to be in with a chance of enjoying any rise in Litecoin value in the future, you need to know how to buy Litecoin. Thats what this guide is all about.
There are a few steps you need to take to make your first purchase. First, Sign Up for a Litecoin Wallet. The services listed below will help you make a profitable and safe purchase