This Website is a tool to help people interested in learning how to get involved in the craze of cryptocurrencies and trading between them. this site will go over the basic setup you will need to start investing into cryptocurrencies, like Bitcoin.
A cryptocurrency is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature. A defining feature of a cryptocurrency, and arguably its most endearing allure, is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation.
The first cryptocurrency to capture the public imagination was Bitcoin, which was launched in 2009 by an individual or group known under the pseudonym Satoshi Nakamoto. As of September 2015, there were over 14.6 million bitcoins in circulation with a total market value of $3.4 billion. Bitcoin's success has spawned a number of competing cryptocurrencies, such as Ethereum, Litecoin, Namecoin and PPCoin.
All of these cryptocurrencies utilize the blockchain technology.
The blockchain is an undeniably ingenious invention – the brainchild of a person or group of people known by the pseudonym, Satoshi Nakamoto. But since then, it has evolved into something greater, and the main question every single person is asking is: What is Blockchain?
By allowing digital information to be distributed but not copied, blockchain technology created the backbone of a new type of internet. Originally devised for the digital currency, Bitcoin, the tech community is now finding other potential uses for the technology.
Bitcoin has been called “digital gold,” and for a good reason. To date, the total value of the currency is close to $9 billion US. And blockchains can make other types of digital value. Like the internet (or your car), you don’t need to know how the blockchain works to use it. However, having a basic knowledge of this new technology shows why it’s considered revolutionary. So, we hope you enjoy this, what is Blockchain guide.
When someone wants to Invest into stocks or other investments, you generally need to find a broker. In crypto, it's kinda the same. You need to find an exchange that lets you use USD via Bank transfers or Credit Cards to be able to begin to exchange your money for actual crypto currencies.
There are many places/sites to begin purchasing cryptocurrencies via USD. I will only list a couple of sites here that are my favorite to use) but there are many many more:
On both of these sites, you need to sign up, and begin a verification process in order to start being able to purchase coins.
MAKE SURE TO WRITE DOWN ALL PASSWORDS AND SECRET PASSPHRASES(if Genretated) - **NOTE: Not all sites have this**
A cryptocurrency wallet is a secure digital wallet used to store, send, and receive digital currency like Bitcoin. Most coins have an official wallet or a few officially recommended third party wallets. In order to use any cryptocurrency you will need to use a cryptocurrency wallet. Below we discuss how digital wallets work and give some advice on which wallets to use.
We typically suggest using an official (or officially endorsed) wallet for any given coin. So, for Bitcoin we would suggest using the Bitcoin Wallet, and for Litecoin we would suggest Litecoin-QT. There are also universal wallets that can be used like HolyTransaction. If you are new to cryptocurrency, then always download the official (or officially endorsed) wallet from the official website. If you know what you are doing there are actually a wide range of different wallets to choose from which offer varying pros and cons.
My Personal favorite wallet: Exodus
Cryptocurrency wallets are all built to be secure, but the exact security differs from wallet to wallet. Generally, like your user names and passwords, the security of your wallet comes from you using best practices. We suggest not keeping more currency than you need at one time in a single wallet that you use frequently, using google authenticator for extra layers of protection, encrypting your wallet, and using an official (or officially endorsed wallet). You can also use multi-signature transactions.
BACKUP your wallet and private keys! At least one backup should be on a CD or thumb drive to ensure that you have a “hard copy” laying around. If you lose your wallet or your keys then you lose the currency connected to it! As a rule of thumb don’t keep more currency in your digital wallet then you would in your real one! You can learn more about securing digital wallets from bitcoin.org.
There are a number of different types of wallets you can use including online, offline, mobile, hardware, desktop, and paper. Each “type” refers to what type of medium the wallet is stored on and whether or not the data is stored online. Some wallets offer more than one method of accessing the wallet – for instance, Bitcoin Wallet is a desktop application and a mobile app.
Here is a quick breakdown of the different types of cryptocurrency wallets:
A market exchange is a organised market where people buy and sell cryptocurrencies. There are many different cryptocurrency market exchanges an exchange pairs. see a list of some here. In these exchanges market buys and sellers come together to trade currencies. The price point that they meet at is the exchange price.
Here are some of the Markets I recommend:
One of the most important aspects of successful crypto trading is to do well rounded unbiased research. There are tons of places you can do research. You can go on Reddit, go on Forums, or chat groups like Slack channels. I highly recommend joining some online group or forum to stay up to date with whats happening. The crypto market doesn't sleep and is the most volatile of any market in the world. So finding information/news first is KEY!!!
I recommend signing up to this slack channel as it is a general chat and not specific towards any coin. This signup link for the Cryptocopia Slack chat group is here
Below are some sites/tools that I use to find information on cryptos:
Below are some tools that I found usefull with keeping track of your coins and what not: