Cryptocurrency Quotes

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

Some of the popular anonymous wallets include BitLox (https://www.bitlox.com/), Electrum (https://electrum.org/) and Samourai (https://samouraiwallet.com/). [2019] - Kiana Danial

You can find out about all cryptocurrencies’ market caps by visiting websites such as http://coinmarketcap.com, www.cryptocompare.com/, https://coincodex.com/, and www.coingecko.com/. A higher market cap isn’t necessarily a good thing. Investors who can take higher risks may prefer cryptocurrencies with a lower market cap because those may offer more room for the market cap to increase. However, if you want to play it safe and avoid volatility or vanishing risk, you may prefer going with cryptocurrencies with a higher market cap. [2019] - Kiana Danial

Ripple’s XRP isn’t minable. Coin creation and algorithm processing happens through consensus, not PoW. Transaction time can be as little as four seconds. Transactions can be made anonymous. Ripple isn’t fully decentralized. [2019] - Kiana Danial

Litecoin is a result of a Bitcoin hard fork that happened in 2011. Litecoin is minable. Coin creation and algorithm processing occurs through the proof-of-work (PoW) process. Transaction time is around 2.5 minutes. Transactions can be made anonymous. Litecoin is decentralized. [2019] - Kiana Danial

Many analysts and investors believe some of these celebrity cryptocurrencies may vanish within ten years. Chances are that if anything should happen to a core cryptocurrency, a hard fork may come along that saves it. If you’ve already invested in a cryptocurrency when it forks, you get the same amount of new coins anyway. That’s why I’ve recommended starting the cryptocurrency portfolio by first diversifying among the top ten largest ones by market cap and then get into other, different categories.  [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