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In Cryptocurrencies

How to protect your cryptos against scammers?

June 22, 2023 4 Mins Read

Scammers continually seek innovative methods to exploit financial systems, and the rapid expansion of cryptocurrencies has presented numerous opportunities for fraud. In 2021, cryptocurrency-related crimes reached unprecedented levels, with scammers absconding with $14 billion in digital assets. As an investor considering participation in the cryptocurrency market, it is imperative to be aware of these potential risks. Vigilance and informed decision-making are essential to navigating this dynamic landscape and safeguarding your investments against fraudulent activities. Frauds…

In Cryptocurrency Wallets

What are non KYC crypto wallets and how do they work?

June 21, 2023 4 Mins Read

(Non KYC) KYC is an abbreviation for “Know Your Client.” This is a set of norms and laws that allow financial organizations to verify the identification of their customers. KYC laws were initially enacted to combat laundering funds and terrorist activity. For a variety of reasons, cryptocurrency investors choose non KYC exchanges. Even if the exchange doesn’t demand KYC, you must still record any revenue made by your crypto investments on your taxes. Understand that…

In Investing & Trading

Stocks vs cryptocurrency; what’s the difference?

June 11, 2023 5 Mins Read

Stocks, additionally referred to as a share, denotes the ownership of a portion of a corporation. In many circumstances, the stockholder gets to keep a portion of the company’s profits in the form of a bonus. Stock markets, such as the New York Stock Exchange, are principally where stocks are sold and purchased, or “traded.” Stocks have always been a tempting investment for many investors—when a business does effectively, so do the individuals who made…

In Investing & Trading

What are the advantages and disadvantages of investing in cryptocurrencies?

June 10, 2023 7 Mins Read

Introduction to Investing In Cryptocurrencies Investing has always been an important subject to discuss and when it comes to cryptocurrency investing, it’s even more important. A cryptocurrency is a sort of virtual or digital currency which is encrypted, making it nearly impossible to fake or double-spend. A lot of cryptocurrencies feature decentralized systems built on the blockchain system, which is a distributed database maintained by a collection of computers. Custodial vs non-custodial crypto wallets The…

In Cryptocurrencies

What is Ethereum and how does it work?

June 7, 2023 4 Mins Read

Following Bitcoin, Ethereum (ETH) is the next most widely used digital currency. Established in 2015 by Vitalik Buterin and Gavin Wood, Ethereum’s valuation now accounts for around 20% of the $1.1 trillion worldwide digital currency market. Ethereum is, in the description of the cryptocurrency, “a worldwide, decentralized system for money as well as new kinds of applications,” with dozens of games and financial services operating on the foundation of the Ethereum blockchain. The cryptocurrency is…

In Cryptocurrency Mining

GPU mining; what it is and how it work.

June 5, 2023 6 Mins Read

GPU mining has become one of the most popular ways of acquiring cryptocurrencies due to how easily accessible the paths for participation have become both for simple users and mining pools. It draws on the potent processing capabilities of high-performance graphics cards, thus being quite versatile for multiple cryptocurrency mining purposes. Such are the challenges: increased hardware cost and surging energy demands, but GPU mining has surely drawn many into this area due to its…

In Cryptocurrency Wallets

Custodial vs non-custodial crypto wallets;

June 4, 2023 5 Mins Read

A cryptocurrency wallet is either custodial or non-custodial that allows you to keep, retrieve, and communicate with cryptocurrencies such as Bitcoin and Ethereum. Software-based wallets require installation on a user’s computer (desktop or smartphone), whereas hardware wallets are freestanding physical devices used for storing digital funds. Private keys—strings of digits and letters that operate as a very secret password—are stored in both hardware and software wallets. Access to a private key allows a…

In Cryptocurrency Wallets

What are Crypto wallets and how do they work?

June 4, 2023 5 Mins Read

As cryptocurrencies achieve popularity and broad use, the necessity for safe storage methods becomes more pressing. This is where crypto wallets step in. Crypto wallets are digital wallets which enable users to safely store, manage, and transmit their cryptocurrencies. Read more: Bitcoin vs Ethereum What Is Crypto Wallet? A crypto wallet is a digital application that allows users to store, manage, and interact with cryptocurrencies such as Bitcoin, Ethereum, and many more. The name “wallet”…

In Cryptocurrencies

Bitcoin vs Ethereum; which one is better?

June 1, 2023 4 Mins Read

Bitcoin (BTC) and Ethereum (ETH) are the two of the fastest-growing cryptocurrencies, and they have significantly aided the development of the industry. Bitcoin was the very first cryptocurrency to be formed and is referred to as digital gold or “gold 2.0,” whereas Ethereum is regarded as a global decentralized system. These two are completely distinct in that the former was created to enable decentralized money, whilst the latter was created to enable applications…

In Cryptocurrencies

What is Cryptocurrency and how does it work?

May 29, 2023 4 Mins Read

A guide through Cryptocurrency… Cryptocurrency is a type of digital or virtual money that use algorithms for encryption to safeguard and authenticate transactions as well as to govern the generation of new units. Cryptos, as opposed to traditional currencies, have no centralization and function independently of any central authority. The phrase “cryptocurrency” means the use of encryption to validate transactions. This means that in order for saving and transmit cryptocurrency information between clients and public…