What Is a Bitcoin Trading Bot?
Coinformant.com
by Liam Kemp
3y ago
The cryptocurrency market has gone a long way from the introduction of Bitcoin (BTC) in 2009 and the first steps of crypto trading, to the modern day status of hundreds of cryptocurrency exchange platforms that trade multibillion-dollar sums on a daily basis. Back in the day, when BTC and other altcoins like Ethereum (ETH) and Litecoin (LTC) were making their first steps, trading cryptos wasn’t easy at all. If you were a miner, you could get your hands on some cryptocurrency by using your computational power to mine, otherwise you could only buy some digital assets if you managed to dig throug ..read more
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How to Convert Bitcoin to Cash Anonymously
Coinformant.com
by Liam Kemp
3y ago
Staying anonymous in the digital world can be quite tricky because your actions often leave digital footprints. For instance, Bitcoin, the world’s first cryptocurrency, has a reputation for being an anonymous digital currency. However, this isn’t quite true. In fact, Bitcoin is a non-anonymous or pseudonymous cryptocurrency. Therefore, every Bitcoin transaction leaves digital footprints. In this article, we’ll explain to you why the Bitcoin trade isn’t really anonymous but also how you can anonymously convert Bitcoin to cash despite that. Let’s get started!  Are Bitcoin Transactions Anony ..read more
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How Does Cloud Mining Work?
Coinformant.com
by Liam Kemp
3y ago
Cryptocurrency mining can be defined as a process used for verifying and completing transactions between users on a public ledger called a blockchain. There are four types of cryptocurrency mining based on the mining hardware you use: mining using graphics cards (GPU), mining using a computer processor (CPU), mining with special equipment designed for the purpose of mining digital currencies only (ASIC), and cloud mining. Mining digital currencies, such as Bitcoin (BTC), Ethereum (ETH), Litecoin, or Monero requires a sizable initial investment and may be less rewarding for new network particip ..read more
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How Do Mining Pools Work?
Coinformant.com
by Liam Kemp
3y ago
The process of mining cryptocurrencies was first presented in 2010 by Satoshi Nakamoto, the developer of Bitcoin, in order to offer a way for users to get BTC. At first, in order to use this method, the user only needed a strong internet connection, a computer, and the right software. However, over time, it became extremely difficult to mine Bitcoin on personal computers because of the enormous computing power it requires. Nowadays, miners need special mining hardware such as GPU and ASIC. Unfortunately, this type of solo mining has become unprofitable in recent years due to the quick evolutio ..read more
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How to Run a Masternode
Coinformant.com
by Liam Kemp
3y ago
You may expect only people who can evaluate the market movements, or so-called day traders, to be the only ones that can earn money in the digital asset markets. Well, it turns out that this isn’t true for the cryptosphere, as this industry offers several ways of making a profit and earning a substantial sum of money. One of these methods is by running a masternode. Before the concept of a masternode, making money on the crypto market mostly required mining or stocking the cryptocurrency itself and expecting the price to grow. However, with masternode hosting, you can achieve relatively regula ..read more
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Who Has the Most Bitcoin
Coinformant.com
by Liam Kemp
3y ago
The value of Bitcoin (BTC) has skyrocketed since its appearance in 2009. When BTC was launched, no one could have predicted how popular and valuable it would become over the next decade. Cryptocurrencies have evolved from an innovative and relatively unknown method for buying goods and services to an increasingly popular way for storing money, trading assets, and developing new online ecosystems with smart contracts and decentralized apps. Thousands of altcoins such as Ethereum (ETH), Bitcoin Cash (BCH), Ripple (XRP), and others have since appeared, bringing the cryptocurrency market value ove ..read more
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How to Protect Your Bitcoin
Coinformant.com
by Liam Kemp
3y ago
When dealing with cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and other altcoins, you need a way to keep your funds safe. Cryptocurrencies can’t be physically stored in a wallet and they can’t even be stored in a traditional bank account, since banks still don’t accept crypto assets as a store of value. Using cryptocurrencies for payment or money transfers involves a certain risk. These transactions happen on the blockchain of the cryptocurrency you are transferring and this technology is fairly safe. What isn’t always safe is the initial procedure when you are sending funds from ..read more
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How Do Physical Bitcoins Work
Coinformant.com
by Liam Kemp
3y ago
The cryptocurrency market is a multi-trillion dollar market, which clearly illustrates the financial significance of cryptocurrencies today. In the early 2010s, cryptocurrencies were a new financial instrument that attracted mostly tech-savvy, crypto enthusiasts who believed that one day, digital currencies will become a real alternative to physical, fiat money.  Over the years, the popularity of Bitcoin (BTC) as the first cryptocurrency with an innovative, decentralized blockchain technology has grown exponentially, making the asset widely accepted today as a payment method worldwide. Af ..read more
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Where Are Bitcoins Stored
Coinformant.com
by Liam Kemp
3y ago
When dealing with cryptocurrencies, you need to think about safe storage to keep your assets at all times. Given the fact that cryptocurrencies are digital assets, they don’t physically exist. You can’t put Bitcoin (BTC), Ethereum (ETH) or Litecoin (LTC) in your wallet with fiat money like USD or EUR. This is why it was necessary to create adequate forms of storage for digital currencies. The web is always prone to cyber attacks and web malfunction, so it isn’t really safe to just leave huge amounts of assets unprotected in an exchange platform account. Exchange platforms do offer some degree ..read more
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What Are Bitcoin Faucets?
Coinformant.com
by Liam Kemp
3y ago
When you get into the cryptocurrency field, you expect to earn some money. Luckily, there’s a handful of different ways you can try to increase your crypto stocks once you get started. The most common and legitimate ways are by buying, trading, and staking digital coins.  However, some people might try to earn cryptocurrency by stealing or using various hacks and scams. We strongly advise you against such fraudulent activities and instead encourage you to make the most out of the growing number of safe and perfectly legal ways of making a profit on the cryptocurrency market. One such lega ..read more
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