Cryptocurrency Quotes

One of the only viable exchanges that accepts PayPal as a form of money transfer is an exchange called VirWox. One major problem with VirWox is its high fees. If you’re looking to trade cryptos through a broker, eToro (http://partners.etoro.com/A75956_TClick.aspx) is one famous one that accepts PayPal. This type of information is constantly subject to change due to cryptocurrencies’ volatile current state. The best way to stay on top of cryptocurrency news is on websites such as www.newsbtc.com/ and www.coindesk.com/. [2019] - Kiana Danial

One place you can find buyers and sellers of cryptocurrencies for cash is https://localbitcoins.com/?ch=w7ct. Other sites connect buyers and sellers in a way where the seller provides bank details that let the buyer make a cash deposit at the bank. You must keep the receipt to provide proof, and the seller can send you the Bitcoins. Some options in this vein include https://www.bitquick.co/ (part of Athena Bitcoin based in Chicago) and https://paxful.com/ (based in Delaware). [2019] - Kiana Danial

The process of buying cryptocurrencies at an ATM: 1) Verify your identity (using an ID card, for example); 2) Select the cryptocurrency you want to purchase; 3) Provide a cryptocurrency address for deposit; 4) Select the amount of cryptocurrency you want to purchase; 5) Insert cash into the cryptocurrency ATM; 6) Confirm the operation. Some cryptocurrency ATMs even provide services to sell digital coins as well as buy - they’re machines that are connected to the Internet and direct you to a cryptocurrency exchange in order to provide you with your cryptocurrency. [2019] - Kiana Danial

You don’t have to memorize your crypto wallet address. Personally, I keep my wallet address and other keys in a locked document on a secure computer. You can also consider printing your keys and storing them somewhere safe that you won’t forget about. [2019] - Kiana Danial

For security purposes, a hardware wallet is an absolute must (and a bare minimum) for large crypto amounts. Even safer than hardware wallets are paper wallets - you print out your private and public keys. Some paper wallet generators include Bitaddress.org, WalletGenerator.net, Bitcoinpaperwallet.org, and Mycelium (https://mycelium.com/mycelium-entropy.html). Mycelium offers an original and even more secure way to generate paper wallets, with a USB device that you plug directly into your printer. The device generates a paper wallet that automatically gets printed out without ever having touched your computer. [2019] - Kiana Danial

Ledger Nano S hardware wallet (priced at $99) is one of the most popular and highly rated secure wallets out there. Trezor Bitcoin hardware wallet (created by SatoshiLabs) is another example. One catch about these is that if the USB drive dies, all your cryptos go with it. That’s why you should always have a backup and keep your security codes elsewhere so that you can recover your assets. Coinomi (www.coinomi.com/) is a popular multicoin mobile wallet. It supports more than 200 different digital tokens and a number of blockchains. Exodus (https://www.exodus.io/) is another multicoin wallet, available only on desktop. [2019] - Kiana Danial

Many blockchains only disguise users’ identities while leaving behind a public record of all transactions that have occurred on the blockchain. The data in the ledger often includes how many tokens a user has received or sent in historical transactions, as well as the balance of any cryptocurrency in the user’s wallet. Privacy cryptos can be a bit controversial because authorities see them as an illicit tool that for criminals to engage in illegal activities, such as money laundering. Nonetheless, some of them have gained popularity, including Monero (XMR), Zcash (ZEC), CloakCoin (CLOAK) and Dash (DASH) [2019] - Kiana Danial

Some analysts suggest you may want to forget about payment cryptocurrencies and invest in crypto platforms instead. They’re generally considered good long-term investments because they rise in value as more applications are created on their blockchain. The most famous example in this category is Ethereum (ETH). Others include NEO (NEO, China’s largest cryptocurrency), Lisk (LSK), EOS (EOS), Icon (ICX), Qtum (QTUM), VeChain (VEN), Ark (ARK) and Substratum (SUB). [2019] - Kiana Danial