Crypto Bible — cryptocurrency exchange
How to Cash Out your Cryptocurrencies back into fiat?
Posted by Taras Lanchev on
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....
What is Pump and Dump and Why Should I avoid it?
Posted by Taras Lanchev on
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...
How to buy cryptocurrency?
Posted by Taras Lanchev on
99% of the time people use real (government-issued fiat) money to purchase Bitcoin (BTC). After that, you can use your BTC to buy other, less popular cryptocurrencies often referred to as altcoins. You can use https://cryptoradar.co to find the best crypto prices on the market, but their system only supports a few cryptos and is too simple for my taste. Instead, you can use https://localbitcoins.com which is much better in my humble opinion. Obviously, when you buy BTC you will need a place to store your Bitcoins. The simplest way to store your crypto is to get https://jaxx.io wallet which is a multi-currency wallet available on mobile and desktop...
How many cryptocurrencies are there?
Posted by Taras Lanchev on
According to the most popular website about cryptocurrencies - the number of available currencies is well above 1000! If you are thinking that's too much to learn, don't worry, not many experts know what comes after the first 100, so you'll be fine learning about the first 10-20. You can check the list of all cryptos, their price and the market capitalisation using this link: https://coinmarketcap.com/all/views/all/
Crypto Bible
Posted by Taras Lanchev on
Cryptocurrencies, mining, blockchain - are the trends of today and tomorrow. Somone who doesn't know what those words mean might think you are going insane, but in reality, it's them who are missing out. These words are normally associated with money and good life in general where you will be able to finally try lobsters and buy a yellow Lambo. Because of that, Crypto Daddy has written a Crypto Bible for all those who are just starting to get into the crypto world. This Bible will have everything you need to go from someone who has no idea what crypto is to...