Cryptocurrency Blog

It can be really exciting getting involved with Bitcoin. But a number of newcomers keep making the same mistakes when they get involved. Some of these mistakes can be very costly so we bring you 5 mistakes that you must avoid at all costs to ensure that you get the most out of your participation with Bitcoin. 1. Using your Exchange Wallet to Store all of your Bitcoins Bitcoins are now worth a lot of money which makes them attractive to new investors. It also makes them attractive to hackers and thieves as well. Most people purchase their Bitcoins from a cryptocurrency exchange. When they do this the exchange provides them with an online wallet to store their Bitcoins. Keeping all of your Bitcoins in your exchange wallet is a bad idea for two main reasons. The first of these is security. It is almost impossible to hack the blockchain for Bitcoin but online exchange wallets are a much easier prospect. If a hacker gets into your online exchange wallet then they can take all of you...

Imitation is the sincerest form of flattery. Since the success of bitcoin, other cryptocurrencies have emerged. In 2014, these were the big contenders in the cryptocurrency world – PeerCoin aka PPCoin, Litecoin, Freicoin, and Dogecoin. At the end of 2017, these are the top five contenders, according to one source. 1. Litecoin (LTC). Launched 2011. 2. Ethereum (ETH). Launched 2015. 3. Zcash (ZEC). Launched 2016. 4. Dash (used to be Darkcoin). Launched 2014. 5. Ripple (XRP). Launched 2012. Looking at what these currencies are worth in November 2017, these are the current prices in US dollars: Litecoin – $69.31 Ethereum – $346.04 Zcash – $297.68 Dash – $453.65 Ripple – 23 cents Peercoin – $1.62 Freicoin – 0.005 cents Dogecoin – 0.001 cents There are other ways to rank cryptocurrencies. The point of this article to show how many altcoins are out there. An altcoin is an alternative to bitcoin. It depends on which source you turn to for your information. There is something impor...