Beginners Guide To Crypto Trading | Crypto Currency Tips

Airdrops

What Is the Difference Between Cryptocurrency Hard Fork and Airdrops?

Cryptocurrency Hard Fork and Airdrops: Investing in the cryptocurrency market is certainly new territory for a lot of people. However, with the right knowledge and guidance, you can make profits over time. If you have decided to begin your cryptocurrency investment, you might want to know about two of the most common terms that are used in this market. Hard Fork and Airdrop. These two terms are frequently used in the cryptocurrency world to define two instances that sometimes surprise investors. There are instances when investors suddenly find some new cryptocurrency tokens delivered in their digital wallets. However, it is not a random event, instead, it is the result of a hard fork and airdrop. These two terms go hand in hand; however, they differ fundamentally. Let’s take a quick look. Hard Fork When the second branch of a digital currency is created by the developers, it results in a hard fork. This event is not random and doesn’t happen on its own. Hard forks happen after much deliberation and discussion amongst developers, investors, and miners. Hard forks are required when each of the fractions involved in the development of cryptocurrency wants to take it in a different direction. In a hard fork, the two cryptocurrencies don’t have the same code. Where the new cryptocurrency token has a new code based on the basic code, the original cryptocurrency keeps ongoing as it was before. Most people think that hard forks occur due to disputes between miners and developers, however, such is not the case always! Sometimes, the developers want to come up with a new cryptocurrency token and hence a hard fork becomes imminent. Airdrops On the contrary, airdrops include the delivery of cryptocurrency tokens to the digital wallet of some investors. The delivery of new tokens can happen using different ways such as ICO or freebies from developers. If you own a preexisting blockchain such as Ethereum or blockchain, an airdrop will deliver new cryptocurrency tokens to your digital wallet. The main aim of airdrops is to introduce investors to new cryptocurrency tokens. However, airdrops don’t always work as intended. Most of the time, investors will sell these new cryptocurrency tokens, thus dropping the price in the market. Since investors don’t know much about these new tokens, they are skeptical about buying them. This reduction in price affects the overall performance of the new cryptocurrency token. Sometimes, airdrops are the reason why a new token doesn’t take off in the market as expected by developers. Final Takeaway Knowing the fundamental difference between hard fork and airdrops will help you to determine how to tackle surprise tokens in your digital wallet. Don’t hesitate to learn about these new tokens, buy or sell them accordingly. To know more about cryptocurrency strategies, news, insights, guides, keep reading our blogs on Coin Informer!

CoinMarketCap Vs Bitgur Vs Coinlib

Cryptocurrency Price Tracker: A Comprehensive Look at Three Popular Price Trackers

As an investor, you are always looking for the best ways to invest in the market and make a profit. Apart from profit, you certainly want to diversify your investment portfolio. This means you will always look for new cryptocurrencies or the ones that are undervalued. You might also want to consider other factors such as cryptocurrency exchanges, services, and applications to increase and diversify your investment potential. In addition to these factors, you might want to consider a cryptocurrency price tracker. The tracker will have a significant impact on investment decisions in the long run. In this blog, let’s look at what cryptocurrency price tracker is along with a quick comparison between three popular price trackers. Cryptocurrency Price Tracker In brief, a cryptocurrency price tracker will track the current prices and fluctuations of digital coins. Along with cryptocurrency prices, the tracker will also keep an eye on market capitalization, price charts, trading volume, and much more. The tracker will also present older values that can help an investor determine the performance of a digital currency. The investor can also compare the performance of 2 or more different cryptocurrencies. This will have a significant impact on investment decisions. With the right data in your hand, you can determine when you should buy or sell the cryptocurrency. A good cryptocurrency price tracker will be regularly updated to give accurate results. Moreover, the tracker must have ease of use, varied digital currencies, other related information, and more. CoinMarketCap Vs Bitgur Vs Coinlib When you go on the market looking for a cryptocurrency price tracker, you will find CoinMarketCap, Bitgur, and Coinlib in the top three. Let’s compare them and see which one is best suited in the long run. World’s go-to price tracker, CoinMarketCap is amongst the most popular and one of the first price trackers available for investors. The price tracker first started its operations in 2013 and since then has been preferred and due to several reasons. CoinMarketCap is a comprehensive price tracker that will make your investment worthwhile. The price tracker was launched in 2017 and gives investors access to compare multiple cryptocurrencies from different exchanges. The unique feature of this price tracker is that it provides a filtering system to the user. A user can filter out the desired cryptocurrency and values based on year, type, and technology. For example, as an investor, if you are interested in commodities-linked cryptocurrency, you can filter your search results and fine-tune your investments. Bitgur also offers some services that are similar to brokerages such as volatility index, BTC prediction tool, and a watchlist. This price tracker is lesser known but could be worth a try. Although the price tracker is not as comparable to CoinMarketCap, it does offer several new features that can be useful to investors. The price tracker has a “Bitcoin Dominance” feature on top of its page. This is meant to show the measure of the dominance of bitcoin along with features such as market capitalization, and individual currency data. All the values are updated in real-time. With a comparison tool, the investors can compare up to 4 coins. The investors can also determine arbitrage opportunities using Coinlib. Final Takeaway Price trackers can have a major impact on your investment decision. You can find the right investment opportunity using these price trackers. Combined with other factors, you can earn desired profits and expand your investment portfolio. For more such insights and information on the cryptocurrency market, keep reading Coin Informer!

Cryptocurrency

Investing in Cryptocurrency ETFs Beneficial for Prospective Investors

investing in cryptocurrency: Have you been trading in the cryptocurrency market? Do you want to boost liquidity while trading your preferred cryptocurrency? If so, you must start trading cryptocurrency ETFs (Exchange Traded Funds) right away. In this blog, let’s take a quick and comprehensive look at cryptocurrency ETFs. Cryptocurrency ETFs: What Is It? Just like regular stocks, Cryptocurrency ETFs are traded daily. These funds track the cryptocurrency price of one or more digital tokens. Just like regular stocks, the price of ETFs fluctuates based on changes in the cryptocurrency market. Cryptocurrency ETFs: Two Kinds of Trading Cryptocurrency ETFs: Advantages to Investors! The trading of cryptocurrency ETFs is definitely filled with uncertainty much like the cryptocurrency market. However, it provides major advantages to investors as compared to direct cryptocurrency trading. Here are a few that show that cryptocurrency ETFs trading is highly advantageous. Cryptocurrency ETFs: Bottom Line Cryptocurrency ETFs are an exciting prospect for beginner and pro investors who want to explore this market. Without any extra expenses or complicated jargon and analysis, ETFs make it easier to trade in this volatile market. So, if you still haven’t explored trading in the cryptocurrency market, start with cryptocurrency ETFs! Keep reading more news, insights, guides about cryptocurrency trading on Coin Informer!

importance of NFTs

Non-Fungible Tokens (NFTs): A Brief Overview

Non-fungible Token: Non- Fungible Tokens (NFTs), a term that is making rounds in the cryptocurrency market since the beginning of 2021. And now it has become so popular that it has been named as the word of the year 2021 by Collins’s dictionary. But what is a non-fungible token? How does it benefit individuals around the world? Let’s take a quick look at the blog post. What are Non-Fungible Tokens (NFTs)? In simpler terms, NFTs are created on a blockchain as cryptographic assets. These assets have unique codes for identification and differentiating them from each other. However, with NFTs, the value is different. One NFT will never have the same value as another NFT. Also, cryptocurrency can be used for secure digital transactions whereas NFTs can be used to represent assets digitally. What can NFTs represent and who can use NFTs?</h2 NFTs can represent different assets such as real estate assets, artworks, lending contracts, and more. NFTs can be used by artists for their digital artworks or by real estate agents to uniquely identify the properties, create unique contracts, and more. What is the importance of NFTs (Benefits)? The biggest question that most people ask about NFTs is what is its importance or how they can benefit in the long run. Here’s how it can be beneficial Final Takeaway NFTs will completely revolutionize how we operate in the digital world. They will make the transactions, asset representation, and ownership much easier to track. If you haven’t bought any NFT, now is the time to do so. If you want to keep reading more insight on blockchain, cryptocurrency, and NFT, keep reading our blogs at Coin Informer!

crypto market

Cryptocurrency Market: Potential Source of Revenue for Insurance Sector

Cryptocurrency market has gained massive traction in the past few years. With constant tweets from popular personalities such as Elon Musk, the crypto currency market is attracting the attention of other industrial markets too. One of the markets that are looking at crypto market with high value is the insurance sector. Insurance companies are taking a keen interest in cryptocurrency. Several big players in the insurance sector are trying to develop new insurance policies for the crypto currency market. Each policy will try to provide coverage to cryptocurrency investors. Cryptocurrency Market: Why Does It Need Insurance? Yes, it is true that the cryptocurrency market doesn’t bring too much revenue to the insurance sector. For example, the largest cryptocurrency exchange Coinbase has only 2% of its coins insured by the Llyod’s of London. Rest of the coins are either connected to the Internet or the status is unknown. This makes it difficult for insurance companies to get too much revenue by insuring cryptocurrency. However, insurance for cryptocurrency becomes imminent if you consider the volatile nature of the crypto-currency market. There have been several instances where digital wallets of cryptocurrency exchanges were hacked, and coins worth millions were stolen. This resulted in massive losses to cryptocurrency investors and traders. To ensure the best interests of these traders, cryptocurrency insurance becomes important. In case of theft, exchanges can reimburse the lost amount and stand back up in the market. Since, crypto currency market is so vulnerable, the mainstream media hasn’t accepted it easily. Insurance for cryptocurrency brings more credibility to the market. It also helps traders trust cryptocurrency exchanges more easily and thus invest in the market. Insurance to cryptocurrency will also help mitigate risks and assess any potential risks associated with the market. Insurance also ensures that the crypto market gets the features of multi-signature wallets, cold storage, and server-side security. The Cryptocurrency Market As A Source of Revenue Currently, the market insures a few percent of their coins with insurance companies. However, in the future, the crypto currency market can become a potential source of revenue for insurance companies. It is estimated that most cryptocurrency companies, start-ups, and exchanges will look for coverage from theft, crime, and cybercrime. However, hacks won’t be included in these policies. Future predictions suggest that the annual premium for theft coverage can reach up to $10 million. This is certainly a huge sum for insurance companies. Final Takeaway The cryptocurrency market has massive potential to become a source of revenue for insurance sectors. Insurance coverage will make the market more credible to the mainstream media along with more benefits. Insurance companies are working hard to develop coverage policies for the cryptocurrency market. How do these coverage plans turn out, that remains to be seen! For more such news, insights, developments in the cryptocurrency markets, keep reading Coin Informer!

Cryptocurrency Exchange

Three Things to Consider Before Using Crypto Exchange

Crypto Exchange: The cryptocurrency market is volatile, unregulated, and a bit risky as compared to the traditional trading market. However, it keeps attracting beginners and pro traders as it can yield more profits as compared to conventional trading. In the past few years, the cryptocurrency market has had a large influx of traders. Now, if you want to start trading in this market, you need to take the help of a cryptocurrency exchange. Just like the stock exchange, the Cryptocurrency exchange allows you to buy and sell cryptocurrency. But before you start trading using a cryptocurrency exchange, you must know that they charge a fee based on your 30-day trading income. Here are a few things that you should consider before using a cryptocurrency exchange for trading in this market. • Fee structure When using a cryptocurrency exchange, you will have to pay different types of fees such as mining fees, wire fees, spot fees, account fees, and tiered fees. The usual structure of cryptocurrency exchange is a maker and taker structure. The maker sells cryptocurrency to create an exchange. Whereas a taker buys the cryptocurrency to complete the exchange. Both maker and taker are charged a fee based on their trading volume. For example, a trading volume of $10,000 may incur a fee of 0.50% on maker and taker. The fees will vary based on the cryptocurrency exchange you use to trade. Also, as a maker, you might incur lesser fees as you increase your trading volume. This is because makers create liquidity in the cryptocurrency exchange. Hence, the benefit! • Location If you didn’t know this already, cryptocurrency is unregulated and even considered legal in some countries. Hence, your location of trading matters the most. If you want to know which countries consider cryptocurrency legal and illegal, you can read our previous blog on the same on our website. Your trading location will determine the type of services you get from the cryptocurrency exchange. For example, in the US cryptocurrency, exchanges are registered under the Financial Crimes Enforcement Network. This makes all the cryptocurrency exchanges in the US regulated. This will affect the services you get. • Availability Now, you might already know that there are thousands of different cryptocurrencies in the market. This means you can trade on all of them if you want. But not all cryptocurrency exchanges will give you access to all cryptocurrencies. Some might offer only the popular ones, whereas some might offer hundreds. If you want to trade multiple cryptocurrencies, you might have to use different exchanges to gain access to trading them all. Bottomline When you want to use cryptocurrency exchange to trade in this market, you need to consider these three points. These will largely affect how much profit you make and how much fees you pay. So, before you start trading, get to know the cryptocurrency exchange. Happy Trading to You!

Algorithmic Cryptocurrency Trading

Four Online Courses to Learn About Cryptocurrency Trading Effectively

Cryptocurrency Trading Courses: $1.9 billion by 2028! This is the estimated value of the global cryptocurrency market. This means that cryptocurrency trading is not just a passing fad. Instead, it is here to stay and will keep growing. More people will start trading in the cryptocurrency market. And it doesn’t necessarily have to be expert traders, but beginners can also start trading in this volatile yet profitable market. However, expert or not, you need to have complete knowledge of cryptocurrency trading. And for the same, you can take some high-quality and effective online courses. These courses will give you a complete idea of what the cryptocurrency market is. How to strategically invest in the market and gain profit? What are the best investment strategies for the cryptocurrency market, active or passive? All your questions and more will be taught in these online courses. However, you need to be very selective and careful while choosing cryptocurrency online courses. At Coin Informer, we want our readers and cryptocurrency enthusiasts to make wise decisions. Hence, we bring you the best 4 online courses that will give you a complete insight into the cryptocurrency market. These courses are meant for beginners and experts alike. So, let’s get to know them. If you are a beginner in cryptocurrency investment, this course is for you. Offered by Udemy, this is the best course to get started with cryptocurrency. You will get to know how to buy, sell, trade, and use cryptocurrency. This course has a 90-minute video format where you will get to learn everything to begin with cryptocurrency trading. The course is taught by George Levy, the Chief Learning Officer at Blockchain Institute of Technology. In this class, you will also get a downloadable guide that will have everything you need to know about cryptocurrency investment and trading. Another excellent course offered by Udemy is meant for beginners. However, this course differs from Cryptocurrency Fundamentals in a way that this course starts with the basics and takes the learners to advanced trading. They use live examples to show how to trade in the cryptocurrency market in real-time. This gives the learners a complete and overall knowledge of cryptocurrency trading. The course provides 12 hours of learning materials. This includes on demand-videos, one downloadable guide, and one article. The study material includes everything you need to efficiently invest in cryptocurrency. If you want to earn passive income using cryptocurrency trading, you must take this course offered by Udemy. The course offers on-demand videos worth 9.5 hours of learning time. You will also get 19 downloadable guides and four articles that you can access through the Udemy app. Now, when you start reading the course material, you will feel the language is more flowery. However, when you start to go deeper into the course material, you will find strategies that work. The course will teach you how to register for cryptocurrency trading, how to secure cryptocurrency accounts, ways to efficiently use trading tools, how to maximize your profits and reduce trading risks, and more. Want to learn advanced cryptocurrency trading strategies? If so, you must take the Algorithmic Cryptocurrency Trading course offered by Udemy. In this course, you will get to learn about advanced cryptocurrency trading strategies. And what’s more! You will also get access to ready-to-use and tested expert advisors (trading robots). This makes the course the finest among all cryptocurrency courses offered on Udemy. In this course, you will get 2.5 hours’ worth of on-demand video, 13 downloadable guides, and one article. The course is great for beginners and experts alike. Final takeaway Cryptocurrency is a volatile market, however, with the right knowledge you can make the most of cryptocurrency trading. With these courses, you can certainly earn profits. If you want to keep reading more about cryptocurrency insights, news, guides, make sure to follow us on Coin Informer.

Crypto Exchanges

Four Ways to Efficiently Gift Cryptocurrency

Whether you are a fintech nerd or not, you have certainly heard about cryptocurrency. Digital currency frequently makes it to the headlines for its profit-making feature or volatile prices. However, cryptocurrency has intrigued everyone. And if you carefully invest in it, you will certainly earn some profits. Moreover, cryptocurrency also makes for a great gift to your loved ones. Whether it is a holiday gift, birthday gift, anniversary gift for your partner, cryptocurrency will be a great option. Now, we know that there are more than 6000 cryptocurrencies you can choose from. However, you should go for cryptocurrencies that have been around for a long time such as bitcoin, ripple, or Ethereum. These cryptocurrencies are more stable as compared to other options in the market. But how do you gift cryptocurrency? What are the best ways to turn digital currency into a great gift? Here’s how. • Crypto Exchanges This is a good idea for those who are already investing in cryptocurrency and have a digital wallet. However, if you don’t, there is nothing to worry about. All you need to do is create an account on a chosen exchange, choose the payment method and send the cryptocurrency to the digital wallet of another person. • Gift Cards Another way is to give cryptocurrency as a gift card. You will find different websites that are offering cryptocurrency gift cards. However, choose the one that is the most trusted. To determine this, read the reviews. Once you have chosen the website, purchase the gift card for the amount. You can then send the gift card to your loved one. They can redeem the card by going on the website and filling in the details written on the gift card. • Paper Wallet Are you looking for the cheapest method to provide cryptocurrency as a gift to your loved one? The paper wallet has got your back! A paper wallet can be obtained from specific websites. These wallets will contain all the information regarding your cryptocurrency accounts and the information to access funds and initiate transactions. This paper wallet must be kept safe so that you don’t lose vital information. Moreover, the person you are gifting it to won’t be able to access the digital currency sent to the address. • Physical Coins Want to look fancy while gifting cryptocurrency? If so, you can buy physical coins that have a unique address. The physical coins can be redeemed by accessing the private key written underneath the coin. The coins are expensive but will make the gift look luxurious and rich. Moreover, you can easily store your cryptocurrency as physical coins. These are a few ways in which you can gift cryptocurrency to your loved ones and look unique amongst the crowd of gifts. If you want more insights into how to gift cryptocurrency effectively, you can visit our website Coin Informer. We are an exclusive platform dedicated to giving cryptocurrency trading and information. Visit our platform now!

Bitcoin

Different Types of Cryptocurrency Scams You Should Know About

Cryptocurrency Scams: Although bitcoin was first introduced in 2009, the past few years have seen an exponential rise in the cryptocurrency market. There are different types of cryptocurrencies in the market that people can choose from. And all types of investors are interested in buying or selling cryptocurrency. However, another category of individuals that are eyeing cryptocurrency investments is the scammers. With so much talk around the market, scammers have found some ways to scam you of your investments. Here are different types of cryptocurrencies scams you should know about. Social Scams In social scams, scammers will pretend to be a trusted identity and steal any important information regarding your cryptocurrency accounts and investments. They will pose to be a friend, lover, government agencies, investor, agents, and such. Social scams can be differentiated as follows. • Giveaway or Imposter Scams In such a type of social scam, scammers will pose as cryptocurrency influencers, celebrities, or business professionals who can double or even triple the cryptocurrency earnings. This is also known as a Giveaway scam. Such scammers will create the perfect message and persona that will be believable enough for you to give important account and investment details. • Romance Scams Another way to gain someone’s trust is to pose as their potential partner who is ready to commit to a long-term relationship. The scammers will often target those who have a lot of information online saying that they are looking for a partner or are ready to date. Once trust is established, they will start talking about cryptocurrency and investments. They will coerce you into giving crucial information to them. • Extortion or Blackmail Scams Scammers want crucial cryptocurrency investment information and hence they will go to any lengths to threaten you. In extortion or blackmail scams, they will pretend to have information such as adult website visits or any compromising photographs. They will threaten to release this information unless the cryptocurrency information is shared with them. You need to know that such type of extortion scam is a crime and must be reported. • Phishing Scams When scammers want to steal your digital wallet information, they will switch to phishing scams. They will send you an email claiming to give some high returns. But the catch is that you need to fill in your crypto wallet key information in the website link provided. Once you have clicked such links and entered the information, scammers will have access to your funds. Now, they can easily steal your funds with just a few clicks. Business or Investment Opportunity Scams Most people who invest in cryptocurrency are looking to earn more profits. Now, of course, it is a great investment goal to have. However, this also allows scammers to get valuable information from you. The fraudsters will show you a great investment opportunity to scam you. • NFTs and ICOs Scams With new features in cryptocurrency such as NFTs and ICOs, there are new investment opportunities for you. But these are also excellent methods for scamming you of your funds. You might be directed to fake websites for ICOs and NFTs to steal your digital wallet information. • Cloud Mining Scams Now, most investors consider cloud mining a scam itself because it is impossible to gain the type of profit that it promises. However, several websites will claim to cloud mine your cryptocurrency with high returns. Now, you may invest in cloud mining but make sure you do thorough due diligence of the chosen platform. Bottom Line Cryptocurrency is an exciting market and has high investment potential. However, it is also a great place for scammers to find your vital information. If you want to invest in cryptocurrency safely, get more expert insights, make sure to visit us at Coin Informer. Check out our website now!

Bitcoin

Three Reasons Why Governments Are Cautious of Using Bitcoin

Bitcoin was first introduced in 2008 on whitepaper as a potential currency for transactions. However, after several years of its introduction, governments are still skeptical about using digital currency for official transactions. Although several countries have legalized bitcoin, several others have out absolute ban on its usage. But why are governments so cautious when it comes to using bitcoin as an official currency? Let’s find out. How does fiat currency differ from bitcoin? Fiat currency is the conventional currency of any country. All the fiat currencies are backed by the government. This means in case of any default; the government will compensate the individual. Governments have complete trust in fiat currency. For example, in the US, fiat currency is backed by the Federal Reserve. The reserve prints and circulates the money in the US economy. However, with bitcoin, such is not the case! The cryptocurrency is not backed by governments or any other regulatory authority. Moreover, this decentralized currency can be produced by anybody removing the need for intermediaries. This freedom of using the currency threatens the traditional financial structure of the world. Therefore, countries are not so inclined at using cryptocurrency as a legal tender anytime soon. Why Governments are Cautious about using Bitcoin? • Bypass Governmental Control Since bitcoin doesn’t need any intermediaries, it is capable of bypassing governmental controls very easily. Most governmental control is meant to prevent the outflow of the currency outside the country. This can come as a major imposition on fiscal and economic policy. However, with bitcoin, the assets can be moved easily bypassing the controls and exporting wealth. • Bitcoin may support illegal activities Bypassing governmental controls on bitcoin is a boon for criminals or organizations involved in illegal activities. The pseudonymous network of Bitcoin makes it easier for people to use it for illicit activities. Since the users are identified using their network addresses, it becomes extremely difficult to trace the transactions. For example, a few years back Silk Road was used as the hub for illegal drugs and guns. However, the transactions to procure these illegal items were done using bitcoin making it difficult to trace the parties. Although the FBI was eventually able to crack down on the case, the initial damage to the world was already done. • Bitcoin is unregulated Even after a decade of its introduction, bitcoin is still unregulated in the world. Governments are still figuring out the best way to regulate cryptocurrency and make it a safer way to transact. Several crucial aspects of bitcoin create hurdles to make regulation policies. For example, whether bitcoin must be used for daily transactions or only for buying valuable assets? During economic difficulties worldwide, is bitcoin a good currency to rely on for major transactions? Nobody really has answers for these concerns. Final Takeaway It’s a long road for cryptocurrencies such as Bitcoin to get worldwide acceptance due to several reasons. Although governments are taking steps to understand cryptocurrency, they are still cautious with its frequent use. What is the future of cryptocurrency, that remains to be seen!

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Category: Guide