Crypto Websites you should know about

 

It is very important to keep yourself updated on all fronts in the crypto world otherwise you won’t be able to gain profits. Thus, if you are a beginner or even an expert in the crypto market, you should definitely know about these websites. These websites should always be added in your favorites and always present on your homepage if you are a cryptocurrency enthusiast or a trader/investor. Here is a guide of top cryptocurrency websites you should know about:

  1. CoinDesk

If you want to know about every single and big thing which happens in the crypto market, then CoinDesk is the best news portal to gain all the news about the crypto world. In addition to news, you can find tutorials, guides, the latest information about ICOs and start-ups, conferences and industry developments in the blockchain industry.

  1. Bitcointalk

If you want to know everything which happens in the crypto world, Bitcointalk is the best website for you. This website coordinates everything beginning from ICO, Bitcoins, discussions, forums, bonuses, coin announcements, latest news and much more. The trick is to know which writer is worth reading judging from the high number of messages and who is not worth reading.

 

  1. Cyber Fund

Cyber Fund gives all the information about the new ICOs and the new projects starting in the cryptosphere. This website gives all the relevant information about the number of projects raising funds at present and their past history on fund-raising projects.

 

  1. CoinMarketCap

If you are a trader, CoinMarketCap is the best website for you. It gives real-time data of all the trading platforms including information about daily volumes, percentage change, market cycle, market value etc. In short, it is the leading cryptocurrencies index in the market.

 

  1. Bitcoinwisdom

The last but not the least, Bitcoinwisdom is a website showing the real-time price of Bitcoin on the seven major exchanges in the crypto market. And the website also shows the real-time graphs for Altcoins also. It is a fast website and user-friendly.

All these above websites are a must for beginners and experts alike.

Best Cryptocurrency Wallets for You

 

If you are into investment in crypto currencies lately, you must have come across the term wallet which is necessary to use cryptocurrencies. Being a digital asset, a digital wallet is assigned to store these values and it enables the user to utilise or trade the crypto currency acquired. It stores and transacts both the private and public keys in it which is the primary function of a digital wallet. Now, in the current time when there are a lot of different crypto currencies, there have been a growth in the number of wallets as well. To ease you out, here are some of the best wallets out there. Read more here.

TREZOR:

It is self-proclaimed and also acclaimed by users to be one of the most secured wallets in the current time. It has an open source and makes sure of the privacy of the users with a clean user interface.

Ledger Nano S:

A multi-asset digital wallet that has layered security patterns to keep bugs away. This has U2F authentication and supports multiple platforms with chrome or chromium. One great feature it has that it supports offline currency storage which is backed up in short intervals.

JAXX:

A truly anti-hack digital wallet that stores multiple currencies and helps trade without any hassle. This has control over bitcoin management which they claim to be superior to others. This can freeze your deposits upon third party involvement, making it secure.

MYCELIUM:

This is one of the best android based wallet that helps to store and trade crypto currency values. This also offers layered security and does not allow third party applications to take over in any operation along with HD security. Find out More.

EXODUS:

One of the few digital cryptocurrency wallets that helps to store private keys in that application itself. The interface of the software is exceptional making it easy to operate. It provides utmost control over the keys and multiple assets. The interface is customisable and offers detailed security for the users. The platform is limited to Windows, Mac and Linux since it is designed for desktop use.

Bitcoin Address for beginners

 

With the cryptocurrencies taking over the world in a fast-moving revolution, it is important to understand the basics of Bitcoin and the way to use them.

Bitcoin is a digital currency which can transfer any amount of value from anywhere anytime in the world. Bitcoins supply is fixed so it is finite in nature which makes it valuable.

When hearing about Bitcoins, the first question that comes to mind is “How do I get a Bitcoin?”. In order to understand the source of Bitcoins, one should understand the Bitcoin address.

What is a Bitcoin Address?

A Bitcoin address is similar to an email address where all your emails (coins) are stored and people use it for a mode of communication with you.

It can also be seen as a bank account where your money (coins) are stored and you can check your bank balance. The account number will represent the Bitcoin Address for you.

If you have never seen a Bitcoin address, it will be a series of random alphanumeric string.

Formats

The different kinds of address formats of Bitcoin address are:

  1. P2SH: It starts with number 3.
  2. P2PKH: It starts with number 1
  3. Bech32: it starts with bc1

 

How to get a Bitcoin Address?

You can get a Bitcoin address via digital wallets. The Bitcoin clients or wallets generate address with the help of cryptographic operations. A private key is generated via an asymmetric signature algorithm and then the private key is derived from the public key.

The private key is signed by the user and that signature is verified with the public key.

Importance of Bitcoin Address

Bitcoin address can be used for accepting any kind of payments across countries. If you are an online business, it is highly recommended for you.

With a help of Bitcoin address, you can receive billions of dollars’ worth Bitcoins from across borders. You can receive and sell Bitcoins and even get settled in another country just with a BTC address.

The Bitcoin address is very important because if you send your Bitcoins to an invalid address, they will be immediately lost in the cyberspace.

How to choose the perfect Cryptocurrency wallet?

 

A wallet is very important to keep your cryptocurrencies safe and secure and if you choosing you wallet randomly, you are doing it all wrong. Here are some of the tips which will help you in choosing the right wallet.

How to select a wallet for your cryptocurrencies?

The features which should be seen while choosing a Bitcoin wallet are:

  1. Compatibility: You should see if the wallet is compatible with different kinds of operating systems.
  2. Control of private keys: You should always choose a wallet where the user has complete control over the private keys of your currencies.
  3. Simple to use: The wallet should be easy to use and fast. It should also be lightweight and should not require to download the entire blockchain.
  4. Backup: The backup seed eyes and pin codes should be very strong for any wallet.
  5. Type of wallet: The wallet should be a hot or cold wallet. You should choose accordingly.
  6. HD wallet: Wallets which generates new addresses itself should be used.
  7. KYC: A wallet not requiring KYC is preferred.

 

Purpose of the wallet

While selecting the wallet for your Bitcoins, one should be aware of the purpose it has to be used. Some of the purposes which people generally use their wallets for are:

  1. Daily transactions

For daily transactions, you can use mobile wallets or web wallets but the user does not control the private keys in these wallets which makes it risky to store your coins in these wallets for more than 2-3 days.

  1. Long-term savings

If you want to save your Bitcoins for a long-term saving purpose, then you need to store your cryptocurrencies in cold storage which never come in contact with the internet and your Bitcoins are secure. Also, these wallets are HD wallets and do not use the same public address which makes them free from hacks.

  1. Short term HODL and trading of cryptocurrencies

If a user wants to HODL their tokens or coins for a short period of time then desktop wallets are the cheapest and safest wallets to use. These type of wallets can go online and are known as hot wallets.

Cryptocurrency is making a Huge Impact on Some of These Sectors

 

There is little doubt that the blockchain revolution is well and truly underway. This has been exemplified by the huge number of businesses within each sector who have begun accepting cryptocurrency for purchase of products and services. A few sectors though, may be set to completely evolve with the introduction of blockchain technology and cryptocurrency paving the way.

Music and Entertainment Industry

In recent years with the development of so many streaming platforms and the ability to download music and TV with ease, these are industries which have really suffered.

Through the use of blockchain technology though, it is hoped they can begin a steady recovery. The advantage which the blockchain holds within this industry is the ability to cut out unrequired intermediaries from the process. This gives the artists a much greater degree of control over their work and also a closer connection to platform users.

With the implementation of many incentivized platforms from which advertisers can also benefit, it is hoped this will rejuvenate the industry, and act as a turning point for many artists.

Shipping Industry

A key concern within the shipping industry is always security. Reliability and speed of delivery are also very close to the top of this list. By incorporating blockchain technology in to the industry courtesy of many start up projects, all of these issues can be addressed.

Security will be provided thanks to immutable smart contracts and the complete transparency which the blockchain provides, speed and reliability can be improved through the removal of ineffective intermediaries’ which have commonly slowed down the system.

The fact that the blockchain allows for total and easy tracking also ensures that all parties in the industry benefit vastly from its introduction.

Payment Services Industry

Much alike some of the key concerns in the shipping industry, the payment services sector can be overly bureaucratic and tiresome to engage in. That has all changed with the introduction of blockchain technology. Suddenly, the world has opened up like never before, with a range of platforms offering ultra-cost-effective, fast, and reliable payments across the globe in a borderless fashion, and all assisted by various cryptocurrencies and blockchain supported platforms.

Red Flags to Watch Out for When Investing in an ICO

 

There is no denying that ICOs are all the rage at the present moment. Even In the current bear market, ICOs are being released by the dozen week after week. All of the hype may have you interested in taking a punt on an ICO. This is especially true if you are already a somewhat experienced crypto investor who wants to delve deeper into the market. This could be in search of gains or perhaps you are very passionate about a certain project. Whatever your motivation, you should be able to recognize the key point of an ICO and what separates good, bad, and ugly. Here are a few pointers:

Teamwork Matters

You can go a long way to learning about the validity of a project based on who is involved in the team. Starting an ICO is no small feat. That usually means there should be at least 8-10 team members encompassing all business areas.

If there are only a small number of team members or a little reliable information on their backgrounds. This could be taken as your first warning sign to be careful.

Community Integration

The blockchain community is still relatively small. Small and strong. This usually means that in order to raise the required capital, the heads of the project will need to engage with this community successfully. This means establishing solid profiles and engaging on forums such as BitCointalk. You should monitor these communications to obtain feedback for good or bad from other community members.

A lack of presence in these vital areas and lack of a good quality LinkedIn profile containing in-depth information is another huge red flag if it occurs.

Poor Design and Marketing

One of the most obvious warning signs of a shady ICO is a poorly written Whitepaper or a poorly designed website. These simple matters should be a pre-requisite of any investable project in any industry, let alone one which proposes to harness the latest innovations in blockchain technology. This could be a clear indication to run very fast in the other direction.

Why do I need an ICO to Keep Growing my Company?

Even the most groundbreaking, innovative projects can suddenly hit a stop light. This could be for any number of reasons, though one of the largest and most frustrating issues which causes this is scalability, and lack thereof.

Scalability is different from growth. Growth is more akin to the company’s aspirations and the end result of a project. Scalability on the other hand is more in-line with the capabilities of a project and team. Essentially, a project requires a platform to enhance the capabilities which will then allow it to grow. This is scalability and an ICO can be a key asset in a number of ways to help a company continue scaling.

An ICO Provides a Platform

Access and exposure to the marketplace has always been a key problem for project looking to continue scaling. All too often, they may find themselves swallowed up by larger, more financially dominant competitors. Many of these competitors may have been later to market and providing a lesser service, but ring craft, connections, and financial power likely helped them to overcome smaller startups.

Suddenly, an ICO levels the playing field somewhat. It gives the potential of mass exposure to these new and aspiring projects and provides a key ingredient to progress the onward journey- Finance.

Through launching an ICO, your company is immediately in the spotlight thanks to the feverish interest in upcoming ICOs and with this marketing platform and a good idea, comes investment.

Provides Essential Strategic Planning

A vital part of launching any ICO which has a chance of being successful is arming your potential investors with as much information about the company as possible. This means you have to be precise and clear about the direction you are taking.

Developing your Whitepaper, company roadmap, and extensive accompanying strategy assists your ICO in gaining the trust of potential investors.

More than helping to gain the trust of investors, it also gives you a clear direction of where things are headed. Clarity of vision is essential when scaling your business.

Strategic planning is something which does not always appeal to the skillsets of entrepreneurs and innovators. By launching your ICO, you are positively forcing yourself and your company to plan for the future. This can only have a favorable outcome for your business.

Establishes a Support Network

Launching an ICO creates an extensive support network which is two-fold. You will require a team of people within your company to assist with everything related to the launch. This inadvertently means you increase the knowledge and expertise within your company.

Secondly, the support of the passionate crypto-community will be invaluable to the future of your company. These two factors combine to create a support and knowledge network which would simply be inaccessible, particularly in such a short period without an ICO.

My ICO Raised Huge Money, But Still Failed. Why?

So, you’ve done all the “hard work”. Written your whitepaper, promoted the project from Tel Aviv to Timbuktu till you were literally knocked off you feet. It was all worth it though because you hit somewhere in the middle of your capital target. A bunch of money = SUCCESS……right? – WRONG.

Indeed, reaching your capital target it a hard feat in itself and something for which you should feel proud. Most ICOs do not even reach that point. There are many other keys to success you need to put in place though. Here are a few which can make the world of difference to your success story.

A Committed Team

Committed, knowledgeable, and well balanced. You may have the best conceptual idea the market has ever seen, you may also have developed and MVP, the early stages of a platform, or other form of prototype. This is fantastic and your team may well be the Harlem Globetrotters of engineering, finance, marketing, or any particular area.

No player is bigger than the team though, so what you really need is balance. Balance of knowledge, power, and above all, commitment. Make sure that the skillset of the entire team is well balanced to meet the post ICO challenges of regulation, legalities, and the next steps in the development process.

One Vision

This may seem like a ridiculous point. If you have already set about your ICO, surely you have a vision. Unfortunately this is not the case. Many project fail to truly look beyond the initial stage. They adopt a “cross that bridge when we get there” attitude. This is still the case even when they have developed what looks to be a comprehensive roadmap. It is often easier to think of ideas than act.

Combined with this lack of planning in detail is the fact that most ICO teams have never had access to as much finance as they suddenly have in the post-ICO stage. Alas, like many a punch-drunk boxer, they simply don’t know how to deal with it. This is why it is of vital importance to adopt your vision team wide and ensure to stick by it.

Partner Up

A one-stop-shop for avoiding most of the issues above is to partner up with experts. There are many options available in the current market to join incubator projects and team up with companies who will help you launch your ICO from A-Z.

The importance of such a partnership could be the difference between life and death of your project. You still have the key say in how things are run, but all of the unpleasant elements are taken care of. In many cases, the difference between success and failure can be just a little helping hand. This is a helping hand which such partners can often provide.