Crypto Bible

This is my friend's story from a few months back. 2 months ago my neighbour told me about mining and helped me get my first mining rig up and running. I went on https://www.myetherwallet.com, created a wallet, typed in my miner parameters, started the rig and just left it. Today I decided to see how it is doing and how much I've made. So I go to Yahoo, seach for "MyEtherWallet" and click the first link I see (yes, yes, I'm stupid), load my wallet up, type in my password and see that I have almost 2 Ether! I exited the site and went on it again later (this time...

We have already discussed how to store Bitcoin and other cryptocurrencies, how much you should be paying for a Bitcoin transaction and for an Ethereum transaction. However, one important bit we’ve missed is how to withdraw cryptocurrencies back into fiat. If you’ve invested all your money into crypto and then realised that you need to eat and crypto can’t quite buy you food yet, you will definitely find this post interesting. Cashing out could be a challenging process and to be honest, this is where people normally run into trouble as they worry about safety and security of their money....

The fees for withdrawing cryptocurrencies vary dramatically across exchanges. For example, Stocks.exchange charges 0.002BTC (around $22) for a withdraw whereas Bittrex charges 0.001BTC ($10.50). The smallest fee, that I know of, is on Poloniex which charges 0.0005 BTC ($5.25). As for transferring money between exchanges, Bitcoin is to be not the best option out there. This is to say, despite the mempool getting less clogged up and the Lightning Network coming into play, it still may take some time. A fee for a withdraw Luckily for us, the exchanges don't just trade Bitcoin, but also have other cryptocurrencies. That's how we can transfer...

Telegram and other messengers which are used for crypto have a lot of channels and groups which offer quick money from cryptocurrencies. They normally call themselves "Crypto Signals" or something of that matter. Please please please. Don't fall for this. Let's talk about why pump and dump is a scam and is a bad idea. For example, there is a Telegram channel called "Pump Notifier/Trading Signals". A few times a day that channel posts the name of the exchange where people will buy a coin and a countdown to when they should start buying. At the specified time, the channel sends out a...

We have already installed your Bitcoin wallet and might have even tried to do your first transaction. If you succeeded - well done! If not, not to worry. All of us still have to learn about Satoshis, transaction bytes, how not to pay extra fees. Let's jump into it! 1 BTC = 1000 mBTC = 100 000 000 Satoshi mBTC - literally means milliBitcoin (mBTC and BTC are like millimetres and meters in real life). Satoshi - is 10-8 of Bitcoin. This is the smallest unit of Bitcoin. It is named after the creator of Bitcoin - Satoshi Nakamoto. All current wallets are built...