jamesdenton
How to Start Investing in Crypto Without Getting Scammed
Have you seen the craze over cryptocurrencies? Everyone from your friends to your grandparents has been talking about Bitcoin, Ethereum, and any other number of coins that have been flooding the market. Or maybe you’ve heard of blockchain technology which has been behind most of the recent advancements in cryptocurrency.
Crypto coins are by far the most popular investment at the moment. Everyone seems to have an opinion on them, and you will often find people talking about their coins at work or in public. However, this has resulted in a crowded and chaotic market that is now being swamped with scammers and con artists.
Therefore, if you are new to investing in crypto, you might be confused as to whether it is safe or not.
In this article, we will introduce you to the different types of cryptocurrency scams and how you can protect yourself from them.
3 Common Crypto Scams
The cryptocurrency market is full of criminals who are trying to rip off the recent influx of new investors. Some of these scammers are a lot more sophisticated than others, and some of them will try to exploit any vulnerability that they see.
Following are some of the more common scams that have sprung up in this new and exciting market.
1. Rug Pulling Scams
You might have heard the phrase “pulling the rug from under you”, but you probably didn’t know that it could be applied to cryptocurrency scams as well.
This term is used to describe a scammer who puts on a show of helping you learn about cryptocurrency and how you can use it. However, once you believe that this person is genuine, they will hit you with some kind of catch.
More often than not, the rug pulling scam will require you to make an investment in some kind of new cryptocurrency. The scammer will tell you that it is an amazing opportunity and then encourage you to invest as much as possible.
However, once you invest, the scammer will disappear or take your money and run. Normally, once you invest, you can not trade back out of that cryptocurrency.
2. Bitcoin Investment Scams
A classic scam that we see a lot of, is the Bitcoin investment scam. This involves an investor who promises quick and large returns from their newly found cryptocurrency. The person will teach you how to mine or trade your Bitcoin, then explain to you the advantages of Bitcoin as an investment.
However, they will also tell you that if you invest a certain amount over a certain period of time, you can earn a very large profit. They will also recommend putting all of your eggs into that basket and then cashing out.
They will also most likely sell this as a way to get rich quick, which is the main reason that you need to be very wary of what you are being promised.
This type of scam may also occur when a seemingly reputable investor is trying to sell you a cryptocurrency product. They then ask you to trust them to trade your money for you. They end up disappearing with your money and you lose everything.
3. Ponzi Scams
Ponzi Scams are the most common scams in the world of cryptocurrency. They occur any time that an investor or investor group promises returns high enough to match or exceed investment growth.
A Ponzi scam is usually a form of investment fraud that looks very attractive to unsuspecting investors. It offers high returns on investments or gives them the chance to get in on the ground level of something very new and lucrative.
However, the returns are actually being made by investors who invest funds into the scam and then keep that money for themselves as profits. When there is no more money to invest, the whole thing collapses.
They also depend on investors who joined early on to encourage new people to invest. This means that these scams need a constant influx of new people in order to remain profitable.
How to start investing in crypto without getting scammed
Now that you understand what types of scams are out there, you might be thinking about investing in cryptocurrency. Maybe you have decided to buy some Bitcoin or Ethereum for the first time, but you do not want to get ripped off.
So, how do you start investing in cryptocurrency and not get scammed? Here are some basic but helpful tips.
1. Always do your research
One of the most important things that you can do to protect yourself from the many different cryptocurrency scams is to do your research. If someone is trying to sell you something that sounds too good to be true, it most likely is.
If you are having trouble getting your head around how cryptocurrency works, then do some research. Read up on the different articles and guides that are available and ask questions. Ask the people you know who have invested or traded on their experience.
This will not only help you understand how cryptocurrency works, but it will also help you spot potential scams and frauds.
2. Check out the Traders
Another good idea is to check out your potential trade partner. If they are offering you cryptocurrency, then you should go to a site like ICOBench and see what others have said about them.
These are independent opinions, but they can also help you to get a feel for whether the people who are offering you cryptocurrency are good or not. If several people have had bad experiences of some kind with that given trader, then you should look elsewhere.
3. Ignore get-rich-quick webpages
You might have heard of get-rich-quick scams, but you probably did not know that they also exist in the cryptocurrency market. Websites like these promise you a quick and easy way to amass a large sum of money.
However, to benefit from crypto-get-rich quick schemes, you have to invest a lot of money in something risky. A lot of these schemes will promise you great returns, but they actually end up taking your money and disappearing.
Always trust a company that is based in the real world. The chances are much smaller of them being a scam than one of the cryptocurrency ICO startups that might look like they have a great idea, but they probably do not have the means to make good on their promises.
Conclusion
Crypto investment scams are real and they can be very convincing. However, it is important that you learn the warning signs and do your own research. Compare what you are being told to what other people are saying and make sure that you are getting the whole story.
Crypto Wallets Explained with 9 Platforms
A crypto wallet is a digital wallet used to store, send and receive cryptocurrencies like bitcoin. There are many types of crypto wallets available on the market. Different crypto wallets offer additional features, so you should research the pros and cons of each crypto wallet before deciding on the one for you. Many people are also choosing to create a crypto wallet as they learn more about cryptocurrencies, as they seem like a convenient place to store and manage your digital currency. The following arecrypto wallets explained with 9 platforms:
1. CoinBase Wallet
Coinbase Wallet is a free downloadable and web-based wallet. It also offers a service known as Coinbase Vault, which is somewhat similar to a hardware wallet. The features of Coinbase are as follows:
● Convert other coins into Bitcoin (BCH)
● Buy and sell Bitcoin (BTC)
● Send and receive Bitcoin (BTC)
● Sending Bitcoin from Coinbase to another service, such as the external exchange GDAX or Binance, where you want to convert your BTC.
● Receiving Bitcoin from another service such as Binance or Bittrex.
In addition to the above features, Coinbase provides analytics showing the current status of each account. You can also see all your transactions and balance for each currency, along with a custom set of forwarding instructions.
Coinbase allows you to easily access your bitcoin from any computer or device and check how much is available. You can also see all the information on each transaction and purchase transaction.
2. GreenAddress
GreenAddress is a Bitcoin wallet connecting to the server from a laptop, desktop computer, phone, or tablet. The features of GreenAddress are as follows:
● Send and receive BTC
● Spending limits for each transaction (4-12 blocks) for added security.
● Sign bitcoin transactions offline. You can store all signing keys in hardware and only transmit the transaction to the network when ready to be broadcast to avoid theft.
3. Ledger
The Ledger wallet is a Chrome extension that allows you to access your altcoins and Bitcoins.
● ShapeShift: Exchange between Bitcoin (BTC) and other supported cryptocurrencies directly within the app.
● Receive Bitcoin, Litecoin, Ether, and many other altcoins in your wallet.
To use the Ledger wallet, you should have the Nano S or Blue hardware to store your private keys offline. This protects your funds from computer viruses that could transfer them without your knowledge.
The Ledger Wallet supports most of the popular altcoins: Bitcoin (BTC), Dash, Ether (ETH), Litecoin (LTC), Dogecoin (DOGE), Zcash, Stratis, and many other altcoins.
4. Mycelium
Mycelium is a mobile application and a software wallet that allows you to store and manage bitcoin, Ethereum, litecoin, ZCash (ZEC) and Bitcoin Cash (BCH).
Mycelium can be used on any Android device and requires the Mycelium wallet installed on your mobile device.
Mycelium allows you to back up and restore private keys.
The features of Mycelium are as follows:
● No registration is needed.
● ShapeShift support: exchange between bitcoin, Ethereum, litecoin and zcash directly within the app.
● 3-of-5 multisignature backing for security. Allows you to secure your wallet with multiple devices for safety against theft. Keys for multi-signer wallets must be maintained in separate locations to prevent theft if one key is stolen.
● BTC, ZEC, LTC, ETH and DASH addresses.
● Send and receive bitcoin to another address or person.
● Send bitcoin from account to address without any fee as default.
5. Coinomi
Coinomi is a powerful platform for buying, selling and storing Bitcoins. The features are as follows:
● Buy & sell Bitcoins directly from within the app using supported coins only. You can browse Bitcoin exchanges and purchase the currencies you want to exchange with Bitcoin (BTC).
● Buy and sell altcoins within the app using supported coins only.
● Import paper wallets from other software wallets/hardware wallets & accounts.
● Export and import private keys for each bitcoin account held in other software or hardware wallets/accounts.
● Decentralized exchange means that no 3rd party is involved when you trade between two addresses.
The security of Coinomi wallet is assured by the device on which it runs. All private keys are stored on the device, and you control them if the device is safe.
6. Jaxx
Jaxx is a platform that provides you with a simple interface to convert between cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC) and other virtual currencies .
Jaxx also allows you to buy nearly any cryptocurrency with fiat currency through Shapeshift. You can then send these to other platforms or receive them as payment.
The features of Jaxx are as follows:
● Sending Bitcoin, Ethereum and other ERC20 tokens from a device running the Jaxx wallet to another user
● View your current balance and transaction history
● Create new wallets on any device implemented with the Shapeshift function, while still being able to access your entire wallet history.
● Accept Bitcoin and other currencies as payment through your personal link located in the footer of your website.
7. MyEtherWallet
MyEtherWallet gives you the ability to generate a new address and balance for each ETH account, manage multiple accounts at once, and view your account information on your smartphone or computer.
You can pay for services with MyEtherWallet through third party services by converting Ethereum into fiat currency.
MyEetherWallet has many built-in features that make it easy to see how much Ether (ETH) is in your account at a glance.
The MyEtherWallet features are as follows:
● Send and receive BTC, ETH, and ERC20 tokens.
● No registration required, the wallet is accessible without special access.
● Send ETH and other ERC20 tokens to another user or address through the built-in Shapeshift feature. Use our platform to convert between altcoins and BTC, or simply transfer between addresses.
● View a transaction history of your other accounts.
8. Binance
Binance is one of the most popular cryptocurrency exchanges in the world. Binance has a daily volume of $460 million, which makes it one of the top 20 most popular cryptocurrency exchanges in the world.
Binance has many features and benefits:
● You can navigate to various exchanges in your area or countries. There are more than 140 global trading markets.
● Low trading fees. There are 0.1% fees on all transactions, with the exception of the BNB token which will give you a 50% discount on trading fee if used to pay for your transaction.
● You can participate in different ICO’s by using the Binance platform and paying for the ICO with other cryptocurrencies or FIAT money.
● You can trade BTC, ETH, LTC, XRP, NEO and other cryptocurrencies available on Binance.
9. Changelly
Changelly is a platform that allows you to exchange between cryptocurrencies including BTC, ETH, XRP, BCH and LTC. You can use Changelly even if you don’t have a cryptocurrency account yet.
Changelly has many features, such as:
● The opportunity to convert altcoins into bitcoin or other cryptocurrencies that you already own.
● A variety of payment options such as credit cards and bank transfers. Binance supports credit cards from different countries so you can choose your preferred one from our database.
● No need to register in advance; one can exchange cryptocurrencies within minutes.
● Instant exchange between any pair of cryptocurrencies.
Conclusion
There are many wallets for each cryptocurrency and you should take your time to choose the one that suits your needs and which has the best security.
Always use 2FA (two-factor authentication) to increase the security of your wallet account. A crypto wallet is like a bank account, so you should keep your password safe. If anyone finds out your password and manages to gain access to your account, they may be able to take all the tokens from your wallet.
100 Little Known Crypto Coins
Present world is becoming digital era because the use cryptocurrency is slowly engulfing the world. The encryption algorithms technology is used by this digital world. Because of the use of encryption software, cryptocurrencies may act as both a money and a digital financial accounting. There are many types of digital currencies used across the world. In this post, you can see different types of 100 little known crypto coins with prices for your updates. These coins are widely used across the world and are popular among the users .
You can delve deep into the details of popular crypto coins here
1. Bitcoin BTC
Price $16,478.21
Bitcoin is a decentralized virtual currency that may be transmitted using the bitcoin peer-to-peer system.
2. Ethereum
Price$1,210.55
It is a decentralized virtual current supporting smart contracts with an open-source blockchain
3. Tether
$0.9992 price
It is a stable digital small coil that is backed by assets.
4. USD Coin
price $1.00
This virtual stablecoin has a strong link to the USD dollar.
5. BNB
$271.88
It is the digital currency token that drives the BNB Chain economy.
6. Binance USD
$1.00
This USD-backed stablecoin has a quality safety rating and a good score widely.
7. XRP
$0.3683 Price
It is a technology in the digital payment process
8. Cardano
$0.3282
This is a blockchain platform that is open to the public.
9. Dogecoin
$0.08495
software professionals created this crypto coin
10. Polygon Matic
$0.8934 price
It is a popular cryptocurrency platform
11. Polkadot DOT
$5.69 price
Yet another blockchain platform
12. Dai
$1.00 price
Another popular cryptocurrency stablecoin
13. Solana SOL
$13.96 price
It is a classic public blockchain platform
14. Shiba Inu SHIB
$0.000009116 price
a decentralized cryptocurrency
15. TRON
price $0.05019
.
16. Uniswap UNI
$5.95 price
It is a popular Ethereum token
17. Litecoin ltc
$57.74
peer-to-peer cryptocurrency
18. Avalanche AVAX
price $13.04
Decentralized blockchain
19. Wrapped Bitcoin
price $16,468.32
A project for many blockchains
20. UNUS SED LEO
Price $3.84
This cryptocurrency is used on Bitfinex.
21.Chainlink
$6.20
A decentralized blockchain
22. Cosmos
$10.14
23. Ethereum Classic
$19.98
This computing platform is decentralized.
24. Monero MXR
$129.61
For goods, this digital currency is exchanged.
25. Stellar XLM
Price $0.0899
26. Toncoin TON
Price $1.75
27. Bitcoin Cash BCH
Price $105.56
It is a bitcoin fork
28. Algorand ALGO
$0.2714 price
A wide popular digital currency
29. Cronos CRO
Price $0.06886
A comprehensive financial platform
30. NEAR Protocol
$1.93
31.VeChain VET
$0.01974 price
An investor has a bright future with this digital currency
32. Quant
$116.29 price
It is a powerful Ethereum token
33. Filecoin
price $4.34
34. Chiliz
price$0.2282
digital currency for sports and entertainment
35. Flow
price $1.21
36. OKB
price $19.42
It is a world utility token
37. Hedera
price $0.04827
a substitute for standard blockchain technologies
38. Internet Computer
price $3.91
Can create apps and websites using this digital currency
39. Terra Classic
$0.0001757
It fuels terra technology
40. Chain
$0.04758
41.MultiversX (Elrond)
$42.44
Yet another digital currency in use
42. EOS
price $0.9015
It backs big applications.
43. Pax Dollar
$0.9959
the cryptocurrency created on the Ethereum network
44.ApeCoin
$2.98
Cryptographic-secured digital currency
45. Tezos
$0.9871
It is a digital currency
46. Theta Network
price$0.8967
a decentralized video distribution network that offers a full variety of blockchain applications to classic video-streaming industry concerns
47. Trust Wallet Token
Price $2.13
It is one of the greatest digital currencies. This is considered to be the safest and best digital cryptocurrency available today.
48. The Sandbox
$0.5894
It is a popular play-to-earn cryptocurrency application
49.TrueUSD
1.00$
the first digital object that has been officially validated
50. Aave
$58.58
51. Decentraland
price $0.4341
It is a peer-to-peer platform where crypto traders interact directly with one another
52. Bitcoin SV
$38.77
a parallelized scalable chain to suit the requirements of major industry
53.KuCoin Token
$7.41
54. Huobi Token
$4.67
It is a Huobi’s cryptocurrency exchange token
55. USDD
$0.9835
This digital currency is delivered by TRON DAO Reserve
56. Axie Infinity
$7.21
It is an online video game with non-fungible tokens
57. Maker
$663.89 price
58. Gemini Dollar
$1.00
Customers can purchase, sell, and store bitcoin through an agency and custodians.
59.BitTorrent-New
$0.000000673
Yet another major digital currency
60.Neutrino USD
$0.9322
61.BitDAO
$0.3013
One of the popular digital currencies that exist today
62. Zcash
$39.39
It is digital money with robust rights to privacy.
63. IOTA
$0.2189
It is a bitcoin and open-platform database
64. Aptos
price $4.54
It is one of the popular digital currencies used today
65. PAX Gold
$1,765.94
It is an asset-backed cryptocurrency
66.PancakeSwap
Price $3.87
It has the most number of users of any decentralized network.
67.eCash
$0.00002892
It is a Bitcoin Cash that has been renamed.
68.Synthetix
price $1.82
It is a classic digital platform based on the Ethereum blockchain
69. Klaytn
$0.1696
It is a transparent blockchain digital currency
70. Neo
Yet another decentralized blockchain digital currency
71. Fantom
$0.1824
It is a classic blockchain platform
72. The Graph
$0.06198
gaining access to blockchain data
73. Mina
$0.5748
74. Fei USD
$0.9889
75. binary
$148.48
76.EthereumPow
$3.80
77.GateToken
$3.70
78.THORChain
$1.20
79. Nexo
$0.6887
80.Lido DAO
$1.23
81.Dash
$33.97
82. Basic Attention Token
$0.2278
83. Loopring
$0.2484
84.1inch Network
$0.5237
85. GMX
$40.68
86. Osmosis
$1.13
87. Helium
$2.43
88. Stacks
$0.2357
89. Arweave
$9.47
90. Enjin Coin
$0.3114
91. XDC Network
$0.02528
92.Curve DAO Token
$0.5825
93. Kava
$0.9104
94. Casper
$0.02794
95. Decred
$20.10
96. Zilliqa
$0.02152
97. Compound
$39.88
98. NEM
$0.03178
99. Convex Finance
$4.03
100.ImmutableX
$0.4122
Final thoughts
Many countries throughout the world utilize the digital currency listed above. The values of the digital tiny coins listed above are provided for your convenience. These are the top 100 bitcoin currencies for your transaction and other application needs. You may go through each coin name on this page and compare prices to your liking. These coins help you investing to reap many benefits. You can study the names of these currencies in order to meet the digital world’s future need for all reasons.
18 Must Read Crypto News Sites
Crypto news sites are a critical part of any investor’s daily routine. From traditional media to trade publications and forums, staying up to date on the latest happenings in this space is essential. Here are18 must read crypto news sites.
1. ICOAlert
This new site looks to be a handy addition to the crypto oriental. This site is dedicated to providing an independent early warning on ICOs. The site is still in beta, but if the service continues to be as good as it starts, it will be a helpful tool for investors and merchants alike.
2. CoinDesk
CoinDesk is a news outlet that has consistently provided high-quality reviews and analyses of ICOs and cryptocurrency news. They have been well-known for their skeptical take on initial coin offerings (ICOs), but they are now one of the most respected sources of cryptocurrency news and insights.
3. Cointelegraph
Cointelegraph is a well-known news source providing high-quality cryptocurrency news and analysis since early 2017. It is run by industry veterans, who understand the space, and their reports are highly regarded. They have provided in-depth coverage of many ICOs in the past (we’ll be giving them more content in the future.)
4. Coin Wisdom
Coin Wisdom is an & coming cryptocurrency education platform dedicated to providing accurate information about cryptocurrency-related things. They’ve been in the news lately after a leading financial news station recommended them. They cover everything cryptocurrency and do something a little different than other sites. They provide articles, interviews, and videos so their audience can learn something new daily.
5. ICO Alert
ICO Alert is another top-notch news site that provides daily content on various ICOs as they happen in the cryptocurrency world. They are a Bitcointalk forum member and have provided great information for their audience since 2012. We have found them reliable (and we don’t post fake details on our blog.
6. Bitcoin Magazine
Bitcoin magazine is a publication dedicated to increasing the adoption and understanding of bitcoin and other blockchain-based technologies through quality journalism and education. Since 2011 they have been at the forefront of the industry’s development, writing about the early adopters and visionaries who shape today’s blockchain technology. If you like our content, check out some of their articles on their website.
7. CoinTelegraph
CoinTelegraph is another well-known news source covering the blockchain industry since 2013. It’s run by IT and crypto experts from around the globe. They also feature a news portal updated 24/7 with the latest digital currency news.
8. The Merkle
Merkle has taken an interesting approach to cryptocurrency news reporting, covering only one story per day with in-depth analysis. They believe this approach will benefit readers because it gives them more time to cover these stories and provide more depth than other sites do. This is a newer site, but at the time of this writing, they have already provided some interesting articles on bitcoin.
9. Bitcoin Magazin
Bitcoin Magazin is a German-language publication that has been around since 2013. They cover everything cryptocurrency, including the latest prices, new ICOs, and news of the latest developments in this exciting industry. This site is German, but a Google search will provide a good translation for most of the content.
10. Bitgear News
Bitgear News is another news outlet that has just begun covering this exciting industry. They’re here to cover everything cryptocurrency as they happen and provide quality information for their audience daily. They’ve been around since 2014 and focus on delivering quality content for their readers. It’s a media company in the truest sense because you can tell they put effort into their reporting and articles.
11. Blockchain News
Blockchain News is a leading source covering the latest digital currency and blockchain technology applications. They cover everything from bitcoin development to industry-specific software and even security. This site is run by professional journalists and has been providing high-quality content since 2013. It is a media outlet in the truest sense.
12. BTC Venezuela
BTC Venezuela is a viral Bitcoin news site covering the cryptocurrency and digital currency industries for the longest time. They are based in Venezuela and have been known for unbiased reporting on cryptocurrency. They also have some of the best bitcoin price charts on their site, which is a great tool to use when trading as it helps you determine local prices and what you’re getting paid when trading with other countries.
13. Crypto Coins News
Crypto Coins News is a well-known news site covering cryptocurrency and blockchain technology since 2013. They have a massive following on social media, especially Instagram. This is another media company in the traditional sense, and its coverage of the blockchain industry is top-notch.
14. Crypto Coin News
Crypto Coin News is an up & coming news outlet that has been providing great content on everything cryptocurrency-related since 2015. Their goal is to bring you the latest news and information about cryptocurrencies, including Bitcoin, Ethereum, NEO, Litecoin, and ICOs, as they happen, with quality commentary from seasoned experts in this space.
15. Daily Crypto News
Daily Crypto News is a news outlet that provides well-researched and timely articles on the most recent developments in the cryptocurrency and blockchain industries. Whether you’re an experienced trader or a total beginner, this site has something for everyone.
16. Coin Rivet
Coin Rivet is another news outlet that provides quality content 24/7 about the latest happenings in cryptocurrency. They provide well-researched articles, interviews, and videos about everything cryptocurrency. They are another media company in the truest sense and have been around since 2014.
17. Crypto Core Media
Crypto Core Media is a well-known news publication that covers all things bitcoin /cryptocurrency related as they happen. Their articles are well-written, informative, and easily understood by even the most novice cryptocurrency enthusiasts. They’ve been around since 2013 and have proven themselves to be a media company in the true sense of the word.
18. Crypto News
Crypto News is a news site that has been providing up-to-date news on Bitcoin, Litecoin, and other cryptocurrencies since 2016. Their coverage has been top-notch, and they have proven themselves as a media company. Their articles are well-researched and informative for severe investors in this space.
Conclusion.
The above are 18 of the best cryptocurrency news sites on the internet. They provide you with a wide range of news relevant to the digital currency and blockchain industries. They also include their own opinions, commentary, and interviews, which helps you get a better idea of what is happening in this space. There are also other news outlets out there, some more credible than others and some that are even shameless bitcoin scams. Use common sense when reading these articles, as not all of them have your best interest in mind. Stay safe and happy trading.
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